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LordHumungous
Vancouver Canucks |
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Location: Greetings from the Humungous. Ayatollah of rock and rolla! Joined: 08.15.2014
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one?
4-3 Yotes OT.
Cue the WD chat...
Discuss |
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bloatedmosquito
Vancouver Canucks |
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Location: The Clit Whisperer Joined: 10.22.2011
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Sorry guys, posting a non hockey related post from last thread. I got my soapbox out so I ain't putting it away until I've made my point...
Interest rates are going up and thanks to the new stress tests, prices are projected to drop in Canada's 5 largest housing markets. - manvanfan
It won't drop enough under the current set of rules. The vancouver market would have to drop 70% to get inline with national averages. We know that ain't happening. Vancouver will be an expensive place to live for ever more.
Government secured loans on houses were put in place so banks eased up on their lending criteria. Otherwise nobody would get mortgages. Makes sense. But as long as that is available to foreign investors the stress test won't make a difference.
Where else in the world can hold an investment of $5M - $10M of borrowed money, make insane profits, and have the whole deal insured by a third party while not costing the investor a dime? |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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one?
4-3 Yotes OT.
Cue the WD chat...
Discuss - LordHumungous
3-2 Van regular time. Then Tanev is traded for Anthony duclair and Michael stone. |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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Sorry guys, posting a non hockey related post from last thread. I got my soapbox out so I ain't putting it away until I've made my point...
It won't drop enough under the current set of rules. The vancouver market would have to drop 70% to get inline with national averages. We know that ain't happening. Vancouver will be an expensive place to live for ever more.
Government secured loans on houses were put in place so banks eased up on their lending criteria. Otherwise nobody would get mortgages. Makes sense. But as long as that is available to foreign investors the stress test won't make a difference.
Where else in the world can hold an investment of $5M - $10M of borrowed money, make insane profits, and have the whole deal insured by a third party while not costing the investor a dime? - bloatedmosquito
Well they said it could drop up to 30% but I doubt that and with all the foreign money.
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dbot
Vancouver Canucks |
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Location: Auckland -Burn it all down Joined: 10.22.2008
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Good read. |
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bloatedmosquito
Vancouver Canucks |
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Location: The Clit Whisperer Joined: 10.22.2011
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Good read. - dbot
Thanks. I thought my post was well thought out. |
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VanHockeyGuy
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Location: Don't be Weird. Penticton, BC Joined: 04.26.2012
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From Carol's post....
"Given the perception that Jim Benning tends to give more than most observers would like when he makes a deal, I'm glad to hear that he walked away on this one"
This statement alone should apply to the rest of the season unless it means selling expiring contracts. Find someone to wheel & deal for you Jimbo. |
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CanuckDon
Vancouver Canucks |
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Location: Las Vegas Joined: 08.05.2014
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LordHumungous
Vancouver Canucks |
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Location: Greetings from the Humungous. Ayatollah of rock and rolla! Joined: 08.15.2014
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3-2 Van regular time. Then Tanev is traded for Anthony duclair and Michael stone. - manvanfan
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boonerbuck
Vancouver Canucks |
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Location: Not Quesnel, BC Joined: 10.11.2005
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Insane what people work their life away to never really own in Vancouver...
I paid 69k for my small house on 10 forested acres with a sometimes fishable creek out front and 90k for a 3 bedroom house on a cleared 5-acre lot. Both have large out buildings and both are bordered on crown land. One is paid off... the banks were left out of both deals. Made our own agreement through notary publics... both sides saved or made extra money.
I hear wolves howling in the winter from both properties. Both are only 20 minutes out of town... |
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SRam19
Vancouver Canucks |
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Location: Messier the Greatest Canucks Captain Joined: 02.12.2015
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Insane what people work their life away to never really own in Vancouver...
I paid 69k for my small house on 10 forested acres with a sometimes fishable creek out front and 90k for a 3 bedroom house on a cleared 5-acre lot. Both have large out buildings and both are bordered on crown land. One is paid off... the banks were left out of both deals. Made our own agreement through notary publics... both sides saved or made extra money.
I hear wolves howling in the winter from both properties. Both are only 20 minutes out of town... - boonerbuck
So what your saying is that you will be hosting a barn party if theres a barn?
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LeftCoaster
San Jose Sharks |
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Location: Shark City, CA Joined: 07.03.2009
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CanuckDon
Vancouver Canucks |
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Location: Las Vegas Joined: 08.05.2014
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There's no doors or windows in the small house just for clarification and the other property is a mobile home with no insulation....just sayin! - LeftCoaster
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LeftCoaster
San Jose Sharks |
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Location: Shark City, CA Joined: 07.03.2009
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- CanuckDon
I'm just the messing around of course, Quesnel is a great place if you love the outdoors and it's fairly inexpensive to live. Bit of a rough town though, something tells me Booner fits right in |
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VanHockeyGuy
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Location: Don't be Weird. Penticton, BC Joined: 04.26.2012
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There's no doors or windows in the small house just for clarification and the other property is a mobile home with no insulation....just sayin! - LeftCoaster
that way folks can't see what's hang'in there |
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CanuckDon
Vancouver Canucks |
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Location: Las Vegas Joined: 08.05.2014
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I'm just the messing around of course, Quesnel is a great place if you love the outdoors and it's fairly inexpensive to live. Bit of a rough town though, something tells me Booner fits right in - LeftCoaster
Oh I'm sure it's great...I never leave the City until I'm off on a vacation |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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From Carol's post....
"Given the perception that Jim Benning tends to give more than most observers would like when he makes a deal, I'm glad to hear that he walked away on this one"
This statement alone should apply to the rest of the season unless it means selling expiring contracts. Find someone to wheel & deal for you Jimbo. - VanHockeyGuy
just don't selling very thing all at once. |
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LordHumungous
Vancouver Canucks |
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Location: Greetings from the Humungous. Ayatollah of rock and rolla! Joined: 08.15.2014
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VanHockeyGuy
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Location: Don't be Weird. Penticton, BC Joined: 04.26.2012
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So when we win the cup party at your place. - LordHumungous
In the field no doubt |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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Oh I'm sure it's great...I never leave the City until I'm off on a vacation - CanuckDon
I will never live in a large city. Peace and quiet. |
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LeftCoaster
San Jose Sharks |
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Location: Shark City, CA Joined: 07.03.2009
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Oh I'm sure it's great...I never leave the City until I'm off on a vacation - CanuckDon
A sheltered existence |
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LeftCoaster
San Jose Sharks |
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Location: Shark City, CA Joined: 07.03.2009
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I will never live in a large city. Peace and quiet. - manvanfan
I think more people should move to Cumberland....it's nice there. |
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CanuckDon
Vancouver Canucks |
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Location: Las Vegas Joined: 08.05.2014
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A sheltered existence - LeftCoaster
Not at all....I visit 3-4 new countries per year |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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I think more people should move to Cumberland....it's nice there. - LeftCoaster
I had a gf that lived in comox. I loved it there. |
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