Comments on: Crack of Doom: the Bums are in China http://housingdoom.com/2009/01/26/crack-of-doom-the-bums-are-in-china/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: John M. http://housingdoom.com/2009/01/26/crack-of-doom-the-bums-are-in-china/#comment-15432 John M. Mon, 26 Jan 2009 17:39:42 +0000 http://housingdoom.com/?p=1989#comment-15432 Chuck - Nobody is ignoring the Canadian bubble any longer :( Not least the good citizens of Vancouver BC who have just discovered to their horror that the city was planning to flip the Athlete's Village for the 2010 Winter Olympics as a high-end condo development <p><img style="border: 1px solid ;" src="http://tbn0.google.com/images?q=tbn:9hKYqY6e5AEFNM:http://lh3.ggpht.com/_Sy1Lt7CmKfU/SKjzfr0E9jI/AAAAAAAAAug/MMKQoncjbTg/IMGP0603.JPG" width="149" height="112"/></p> ... by the way, there must be a bunch of parents who bought into condos in student ghettos (universities as virtual beaches, go figure) who are stuck with RE losses on top of exorbitant tuition fees. The next few years should see a consolidation of private post-secondary which will be pretty painful. Chuck -

Nobody is ignoring the Canadian bubble any longer :(

Not least the good citizens of Vancouver BC who have just discovered to their horror that the city was planning to flip the Athlete’s Village for the 2010 Winter Olympics as a high-end condo development

http://lh3.ggpht.com/_Sy1Lt7CmKfU/SKjzfr0E9jI/AAAAAAAAAug/MMKQoncjbTg/IMGP0603.JPG” width=”149″ height=”112″/>

… by the way, there must be a bunch of parents who bought into condos in student ghettos (universities as virtual beaches, go figure) who are stuck with RE losses on top of exorbitant tuition fees. The next few years should see a consolidation of private post-secondary which will be pretty painful.

]]> By: Chuck Ponzi http://housingdoom.com/2009/01/26/crack-of-doom-the-bums-are-in-china/#comment-15431 Chuck Ponzi Mon, 26 Jan 2009 17:28:51 +0000 http://housingdoom.com/?p=1989#comment-15431 Oh, and can I say that Canadian journalists are just as (if not more) clueless to the cause of the housing bubble. It's like they watch CNBC and FOX news and just repeat the going meme. Seriously? the recession is supposed to have been caused by a US housing bubble? What makes them so sure there isn't a Canadian bubble? And, to that point, what about those pesky (and too small to ignore) English, Spanish, and Portugese bubbles? Why is everyone ignoring the Canadian housing bubble? Just wondering. Oh, and can I say that Canadian journalists are just as (if not more) clueless to the cause of the housing bubble. It’s like they watch CNBC and FOX news and just repeat the going meme.

Seriously? the recession is supposed to have been caused by a US housing bubble? What makes them so sure there isn’t a Canadian bubble? And, to that point, what about those pesky (and too small to ignore) English, Spanish, and Portugese bubbles? Why is everyone ignoring the Canadian housing bubble?

Just wondering.

]]> By: Chuck Ponzi http://housingdoom.com/2009/01/26/crack-of-doom-the-bums-are-in-china/#comment-15430 Chuck Ponzi Mon, 26 Jan 2009 17:24:20 +0000 http://housingdoom.com/?p=1989#comment-15430 John, I find it disconcerting, and perhaps only having a touch of an inferiority complex, the way so many others are so quick to write off US hegemony. While there are similarities, big-picture realities point to substantial differences between US 2008 and England 1873. Not the least of which is population growth, natural resources, and better golf. No, seriously. Much better golf. Chuck John,

I find it disconcerting, and perhaps only having a touch of an inferiority complex, the way so many others are so quick to write off US hegemony.

While there are similarities, big-picture realities point to substantial differences between US 2008 and England 1873. Not the least of which is population growth, natural resources, and better golf.

No, seriously. Much better golf.

Chuck

]]> By: metroplexual http://housingdoom.com/2009/01/26/crack-of-doom-the-bums-are-in-china/#comment-15429 metroplexual Mon, 26 Jan 2009 09:49:03 +0000 http://housingdoom.com/?p=1989#comment-15429 Just a piece of history to offer. The word Hobo comes from the post civil war word / title hoe boy which evolved into hobo. Just a piece of history to offer. The word Hobo comes from the post civil war word / title hoe boy which evolved into hobo.

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