Was on the lake today, shooting the breeze with some boomer palls , Many of them lost their shirts in 2008, will not touch a mutual fund or make investments in Bonds Equities, they don't even know what preferred's are.
All of them have made their remaining wealth in Real Estate and have no intention of liquidating some of there properties. Made fun of me for un loading all but one. See how much loot you lost smoking man, I said ya I'm an idiot but I had no choice markets wiped me out, poverty sucks, we can't win all the time I said, as I cruise the lake on the hosts gas, booze and shrimp.
I did such a good job faking poverty one of my pals offered my free car 2007, rag top beamer , as they noticed I was in a rental. I just said thanks but I don't need a car and the insurance would kill me right now.
Don't worry boys, not looking for a hand out, I will bounce back, I always do, but thanks I appreciate it.
Prompting guy hugs. I was dying inside. LMFAO
At leased now my kids our out hustilling, learning to sell, they know that stupid dad lost all the loot, They got to make it on there own. The guys on the boat have sons in the 20's few degrees, but mostly don't work are banking on Dad to look after them. Funny thing is the daughters are all doing good.
Ah That feminized curriculum.
Sunday, May 6, 2012
Thursday, May 3, 2012
WOW 9% year over year in price
The Great Smoking Man nails another one out of the park. I'm better at calling markets than god. Read my posts from the fall.
GTA sales up Over 18 % 22% in single detached homes like mine.
Oh bubble heads where is your fat lady, she's not singing anytime soon. The only song you will here is the machine ramp ping up the bubble talk, but clearly the herd aint paying attention. After the a few months when prices seasonally drop, The crash is coming the crash is coming. Carney spikes a 1/4 and the herd retreats for a bit, then Next spring they say aw screw it lets buy.
Why am I so good. Cause I just am.
No belief system no bias, just amazing powers of observation, Analyse and React .
It's so easy for the un schooled.
Here is the cake. Kids take two bites.
Market Remains Tight with Sales Up in April
TORONTO, May 3, 2012 – Greater Toronto REALTORS® reported 10,350 transactions
through the TorontoMLS system in April 2012. This level of sales was 18 per cent
higher than the 8,778 firm deals reported in April 2011. The strongest sales growth
was reported in the single-detached market segment, with transactions of this home
type up by 22 per cent compared to a year ago.
“Interest in single-detached homes has been very high, both in the City of Toronto
and surrounding regions. Growth in single-detached listings has not kept up with
demand, which means competition between buyers in this market segment
increased. With this in mind, it was no surprise that the strongest annual price
increase was also experienced in the single-detached segment,” said Toronto Real
Estate Board President, Richard Silver.
The average price for April 2012 transactions was $517,556 – up 8.5 per cent
compared to April 2011. While price growth was strongest for single-detached
homes, the better-supplied condominium apartment segment experienced a more
moderate annual rate of price growth, at four per cent.
“Monthly mortgage payments remain affordable for home buyers in the Greater
Toronto Area. While interest rates are generally expected to increase over the next
two years, the extent and timing of rate hikes has been thrown into question by
slower than expected economic growth in the first quarter of this year. On net,
borrowing costs are expected to remain a positive factor influencing home sales
through 2012,” said Jason Mercer, TREB’s Senior Manager of Market Analysis
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1204.pdf
GTA sales up Over 18 % 22% in single detached homes like mine.
Oh bubble heads where is your fat lady, she's not singing anytime soon. The only song you will here is the machine ramp ping up the bubble talk, but clearly the herd aint paying attention. After the a few months when prices seasonally drop, The crash is coming the crash is coming. Carney spikes a 1/4 and the herd retreats for a bit, then Next spring they say aw screw it lets buy.
Why am I so good. Cause I just am.
No belief system no bias, just amazing powers of observation, Analyse and React .
It's so easy for the un schooled.
Here is the cake. Kids take two bites.
Market Remains Tight with Sales Up in April
TORONTO, May 3, 2012 – Greater Toronto REALTORS® reported 10,350 transactions
through the TorontoMLS system in April 2012. This level of sales was 18 per cent
higher than the 8,778 firm deals reported in April 2011. The strongest sales growth
was reported in the single-detached market segment, with transactions of this home
type up by 22 per cent compared to a year ago.
“Interest in single-detached homes has been very high, both in the City of Toronto
and surrounding regions. Growth in single-detached listings has not kept up with
demand, which means competition between buyers in this market segment
increased. With this in mind, it was no surprise that the strongest annual price
increase was also experienced in the single-detached segment,” said Toronto Real
Estate Board President, Richard Silver.
The average price for April 2012 transactions was $517,556 – up 8.5 per cent
compared to April 2011. While price growth was strongest for single-detached
homes, the better-supplied condominium apartment segment experienced a more
moderate annual rate of price growth, at four per cent.
“Monthly mortgage payments remain affordable for home buyers in the Greater
Toronto Area. While interest rates are generally expected to increase over the next
two years, the extent and timing of rate hikes has been thrown into question by
slower than expected economic growth in the first quarter of this year. On net,
borrowing costs are expected to remain a positive factor influencing home sales
through 2012,” said Jason Mercer, TREB’s Senior Manager of Market Analysis
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1204.pdf
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