This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 975 matches

by Austin
Wed Sep 22, 2010 6:31 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

Well, no, the money mostly goes to people who own the oilsands. Some of it goes to the employees, yes, but then 40% (or so) of what they earn goes to the rest of Canada via income taxes. The people who own the oilsands are (I suspect) mostly canadian pension funds. This commodity profit also helps u...
by Austin
Wed Sep 22, 2010 5:55 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

Canada will do poorly with or without higher commodities prices. This is wrong. Yes, we trade a lot with the US, but that's because they're easy to ship to. If someone else is willing to pay high prices for commodities and the US is not, we'll ship to them instead. The idea that somehow the price f...
by Austin
Wed Sep 22, 2010 4:10 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

No, Taipan you are wrong on this. I think this is a misconception a lot of people here are suffering from. If your income or wealth you're generating from say, the stock market, is rising as fast or faster than inflation (which in theory, is usually the case), it doesn't matter how high interest rat...
by Austin
Wed Sep 22, 2010 3:38 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

Of course nominal interest rates can and will rise. But will real rates rise? That's the important question we all need to be asking.
by Austin
Wed Sep 22, 2010 1:48 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

I think Marco is offering similar rates. Hopefully he will chime in here..

I gotta say, RE is going to firm up I think, at this rate.
by Austin
Mon Sep 20, 2010 2:16 am
Forum: Real Estate Talks
Topic: Interest rates to smash property prices.
Replies: 107
Views: 32277

Re: Interest rates to smash property prices.

Housing prices are not significantly important compared to the sovereign issues.


Heh, well, perhaps that's the case in Australia, I would not know, but it's the complete opposite in Canada where 90% of the people who show up at the polls are home owners.
by Austin
Thu May 13, 2010 11:09 am
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

There are a few reports out now that buying of physical gold is going through the roof in Europe, particularly Germany where many coin shops are now sold out. That makes perfect sense. a) Germany is footing the bill for the Euro. No doubt they'd tired of it b) They have recent experience of a debau...
by Austin
Thu Feb 04, 2010 11:55 am
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

Yeah, good day for my shorts. Bad day for Vancouver RE. I think I may sell some puts at some point and cover them with my shorts. I agree somewhat with Yogurt's thesis that RE and Gold/Oil/etc are not directly in phase right now, and only significant increases in Commodities will continue to lead to...
by Austin
Mon Oct 12, 2009 7:15 am
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

I'd like to see higher density and better telecommuting so middle class families can either choose to live in Condos or move to the suburbs without having to drive hours on end to get to their work.
by Austin
Wed Sep 16, 2009 2:37 pm
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

I totally agree, Rentah. Probably the reason I am not in gold .. I'm already long enough in hard assets.
by Austin
Wed Sep 16, 2009 11:20 am
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

Well, rentah, we may not agree but at least it's some comfort knowing that you're profiting from all of this asset inflation - even though your renting.
by Austin
Wed Sep 16, 2009 2:49 am
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

Yeah, looks like it's dropping anchor from 1K. This could start to run. Interestingly, the CAD is rising too, despite warnings from the BOC. I wonder how far it has to go before they intervene. Bit surprised that Oil isn't jumping as fast given the rise in equities and Gold. Might be a good pair tra...
by Austin
Tue Sep 15, 2009 6:08 pm
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

People so easily forget Executive Order 6102, forbidding private ownership of gold between 1933 and 1974.
by Austin
Mon Sep 14, 2009 1:10 pm
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

Yes, that's absolutely true HSD. Another example of this is vendor financing, when the vendor loans a lot of money to a customer to buy their product and then books it all as revenue. Cisco did a lot of this during the Dot Com era.
by Austin
Sun Sep 13, 2009 6:27 pm
Forum: Real Estate Talks
Topic: gold doesn't stack up
Replies: 550
Views: 131935

Re: gold doesn't stack up

If you look at House Prices in Vancouver in terms of gold, we are at a 20 year low. I never understand the RE bear that is bullish on gold.