I feel like my head is shrinking. Mrs. solipsist calls it baby-head, I call it brain dead.
The blogging pool has shrunk, a bunch of bears chased a disingenuous realtor off the web, which was never my intention, but c'est la vie. There is a lot of talk of this being a buyers' market, but I don't see it that way. I see it as being a faltering market teetering on the brink. It is not even a balanced market according to Rob Chipman.
The CBC has been reporting that sale prices have shrunk 2.1% over
CBC Newsworld had an item the other night about the treatment of Beijing residents in the run-up to their Olympic Games. There has been a lot of squawking in Vancouver about SROs being converted ahead of our Games, and their tenants being evicted, but it is nothing compared to what has happened in China's capitol. Something like a million people have had their homes bulldozed, and they have been turfed out without any compensation. Businesses are not immune either, with many being forcibly shut down so that the marathon runners do not have to look at them as they run by. Beijing has been gutted. It could be a lot worse here if we had a totalitarian government.
India's economy is reversing and shrinking (and China's probably is too). The demand for oil has been shrinking, and along with it, the bbl price. Tourism is shrinking, but the gas prices at the pumps are not. When the bbl price of oil goes up, the prices at the pumps go up within 24 hours, but even with decreased demand, higher than expected fuel inventories, and the bbl price down over 20%, our pump price is just slightly less than it was when oil was trading at almost $150/bbl. We are being screwed, as usual.
Air Canada, Bell, GM, Ford, forestry, etc., have all been shrinking their work forces, and a lot of people are out of their jobs. The plywood mill that burned down in Prince George will not be rebuilt, and hundreds of jobs there are lost. I suppose that the demand for plywood has been shrinking too, with the demand in the States having shrunk so much.
I was considering shrink wrapping this blog, what with my available time to read, think and write having shrunk so much, but I am loathe to do so, with things just starting to get interesting.
I caught this shrunken house in my perambulations, and thought to share it here. There is something about it that makes me think of the future of Vancouver RE.