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Is it time to buy Canadian real estate?
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2007 Apr 29, 2:44pm 20,084 views 150 comments
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Huntington Moneyworth III, Esq
2007 Apr 30, 4:22am
So long, cruel, cruel real estate world.
The sobering reality, I've discovered, is that my wife and I cannot afford a home in a safe neighborhood in Los Angeles. Apparently, anything outside of gang infested areas would be buying "more house than we can afford." Our debt to income ratio tops out. I guess we will keep on renting.
azrob,
If at all possible, I would recommend taking Shanghai's light rail/subway system. I love Shanghai's cheap and relatively reliable taxi service, but according to my mom's last trip report, it's now really hard to hail a taxi.
Earlier this year I had a “Daly City†week on my site. The places there are really strange.
eburbed,
Man, there are some truly frightening properties you show. Thank you for the public service of bringing them to light.
It really begs the question, who the f&ck buys crap like that? For 600k-800k, why would you want to live there?
There is a conspiracy theory making it rounds on the net (well, starting now it is)
I like it. Now let's just hope some reporter from the MSM is trolling around Patrick.net and picks up this juicy "tidbit."
Peter P,
Yes, the black swan theory.
I will also accept an infinite improbability drive.
Hey, here's some interesting news:
Our friend David Learah is leaving his post as chief econonut for the NAR. I don't know what this "MOVE" is, but I would get the name confused with Moveon.org or those nutjobs in Philly who were bombed out by the mayor a few years back.
so thats why just wondering for the long term whether to stay in south city/daly city or just move to south bay and caltrain it until i switch jobs to something more local
To keep on the topic of this infrastructure mess that is the Bay Area, How lame is it that Bart does not go down to the southern peninsula? Then there's San Jose's separate light rail system. It's like they are purposely trying to design a public transit system that discourages people from using it.
Yeesh. Comments like that make BA look bad compared to Japan or Singapore. It might be humid and hot and autocratic in Singapore, but their trains run on time and their government works hard to get nerds some nookie.
Peter P
2007 Apr 30, 5:32am
Yea, that’s right, the knee jerk elitist reactionaries here didn’t want any stinky diesel train clouding up their artisan village utopia.
How about some charming steam trains?
Randy H
2007 Apr 30, 5:33am
How about some charming steam trains?
Only if you could figure out a way to make them run on bottled smugness, emissions free of course. And the rail right of way would need to only go through "those places the workers all live".
Peter P
2007 Apr 30, 5:42am
Would it help if the steam train is to be called the Marin Orient Express?
Public transportation is great, but only if population density reaches a point where you can do your commuting in a streamlined manner.
Also, I don't mind BART, but DC's subway system must have some of the sorriest employees in existence. And about at least one major delay a week for a system not much bigger than BART.
Can't we just relocate the whole of Marin to Appalachia one night? The NIMBY jerks probably can't tell the difference.
"leaving his post as chief econonut"
About freaking time! Dude at www.davidlereahwatch.com
I SALUTE you! (What a relief for his mom)
A note to American friends on Patrick.net
Whatever happens,
for the love of god, forget about buying Canadian real estate. It's cold, the igloos are uncomfortable, we're overpriced now that the Canadian dollar trades at $1.50 US, there are too many caribou trampling front yards and penguins are not as good yard ornaments as flamingos.
Other than that, of course you're welcome to move here as long as you bring knee jerk liberal attitudes and accept socialized medicine, provincial transfer payments and refuse to support the war in Iraq.
Otherwise, please continue to support the real estate markets in Cancun and Cabo San Lucas as you are supposed to.
Would it help if the steam train is to be called the Marin Orient Express?
Yes. Yes, I think it would. And instead of coal, you can have it powered by "bottled sunshine". (Sorry Randy, I'm flashing back to a "buckets of instant sunshine" reference, but I think we want something less... critical?)
"but I think we want something less… critical?"
Time tested technology?
~60 years should be enough for testing; some physics forums suggest that power bottleneck is mostly the cooling system. So, the tender(?) car could be devoted to the cooling apparatus, and much of the locomotive body could be shielding. (Those things are heavy anyway.)
Only if you could figure out a way to make them run on bottled smugness, emissions free of course.
In that case, there would be an endless, bountiful supply of fuel in Marin! Make that the Bay Area in general! We could export it to the rest of the country.
It really begs the question, who the f&ck buys crap like that? For 600k-800k, why would you want to live there?
IMHO, Daly City runs neck and neck with Redwood City as "worst houses" on the market.
In all fairness Tony Snow had some health issues I sure hope none of us have to go through.
The psychological impact of having "Lie-reah" getting the boot has GOT to be damaging to just about everyone REIC related!
"If this darn doom and gloom media would lay off it then things could "get back to normal" just like DL has promised us!"
Oops!
Virtually anyone installed in his place will HAVE to be more factual and truthful. And did you get a load of the outfit he was finally able to land a job at? Move.com? WhoTF is that? Not GS that's for sure!
They actually have to get in front of parliament once a week and answer direct questions.
Ok, but wouldn't their words have a bit mroe weight if it was the head of government instead?
RE: heads of states answering to parliaments
Ok, but wouldn't their words have a bit more weight if it was the head of government instead?
Virtually anyone installed in his place will HAVE to be more factual and truthful.
I hear this guy's available:
Astrid -
if you can understand flocons de mais, you have progressed to cereal box bilinualism. That is a good start.
Okay, so it's fine that Learah is leaving the NAR and the mess they made in the RE market. But it's another thing to see crap like this from the article about his departure:
Blanche Evans, the editor of Realty Times, an online magazine for real estate professionals, said Lereah's outlook for the market is a reflection of his sunny disposition.
"That is part of his personality. He is one of the most bright and energetic people but that does not mean that he's a Pollyanna," said Evans, author of "Bubbles, Booms and Busts: Make Money in ANY Real Estate Market."
So Blanche (douchebag), as an ECONOMIST, his ECONOMIC analyses and predictions should all just be chalked up to being a happy-go-lucky guy? That's just great! Can we chalk up bin Laden's rage to having too much starch in his tighty-whities? C'mon, give me a break you douchebag!
"but that does not mean he's a Pollyanna"
No.... I wouldn't say Pollyanna. Worse than a useless j@rk-off he's dangerously stupid, but no.. definitely not Pollyanna.
SQT,
Congrats! Last summer I gave mine to my nephew (at 17 he's actually taller) so I'll need a new one this summer.
tsusiat,
I really did want to learn French. In fact, I took Intro to French twice, but couldn't advanced to French II.
Thank God(s) IB accepted Chinese as a foreign language!
More Bay Area retarded NIMBYism:
http://www.mercurynews.com/breakingnews/ci_5785731?nclick_check=1
A battle over the fate of a large piece of Bayfront property is brewing, even though the city has received no formal proposal yet for the land.
For the past year, Cargill Salt has been conducting a community outreach program seeking residents' ideas of what to do with its 1,433-acre property where the company plans to phase out its industrial plant over the next few years.
In recent weeks, the environmental advocacy group Friends of Redwood City has launched its own outreach effort, encouraging residents to tell their elected leaders to maintain the land as open space and not turn it into commercial and residential development.
"We feel it should continue to be for natural and industrial uses," Friends member Cathy Moyer said Thursday.
...This is an opportunity for our generation to leave a legacy for future residents of Redwood City to experience the beauty of open spaces and wildlife," he wrote.
Notice how it's okay to use the land for "natural and industrial" uses, but not RESIDENTIAL use. Now isn't that just more BS, let's stop RESIDENTIAL development to keep property values up?
Also, what the f%ck "beauty of open spaces" is there in that part of the Bay? Last I checked, it's just industrial wasteland east of 101, with a view of concrete and the East Bay. I say let them build another Foster City there. Damn NIMBY-losers.
Astrid -
In Vancouver, maybe Mandarin would be more useful anyway....
I really did want to learn French. In fact, I took Intro to French twice, but couldn’t advanced to French II.
Most of my friends in Ontario that has 10-12 years of French from grade school to high school could not carry a conversation in French.
We are thinking about moving to Vancouver, not because the BA has expensive housing, horrible public transportation, or terrible public schools. But because of the lack of good and reasonably priced Cantonese food! (Just to wait an hour to get into Koi Palace is a joke, the cheaper places are usually horrible.)
I must say that DL learned something from Greenspan. Make a mess and leave it for someone to clean up. At the same time get paid in dollars, adulation etc to do so.
And here I am, trying to figure out the best design so that people who come after me will not have code maintenance issues. No wonder I don't get paid as much.
HARM,
FWIW Ben ran a thread on Sunday on Spinning Sound Solutions to the HB and remarkably there was a great consensus on MID/CG exemption! True a few dismissed/defended these sacred cows but were soundly thrashed/de-bunked. If you've time, well worth the read.
My commute consists of about 20 steps to my office at home. Working at home is the way to go. Why don't more BA employers offer that? Are they afraid people won't do the work?
Better to have Loonies than USPs (US Pesos). I predict a return to pre WWII levels for the Loonie. It takes 2 USPs to get 1 Loonie!
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Now that global warming is a fact, who benefits? Why, the Canadians, of course. They have vast areas of land that are becoming more pleasant as global temperatures rise. It may be the right time to snap up millions of acres of uninhabited land at bargain prices before the rest of the world figures it out.
Come to think of it, rising temperatures make most of Russia more habitable as well.
Go north, young man!
#housing