Canadian Housing & Bitcoin | Bitcointalksearch.org

n2004al

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Quote from: Nunu on November 25, 2015, 03:53:40 AM

Quote from: gentlemand on September 18, 2015, 03:58:46 PM

Quote from: Sourgummies on September 18, 2015, 03:56:20 PM

This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China.

What is it about Canada that attracts the Chinese so much?

Yeah, i want to know, too!

What's the connection between Canada and China?

It is a particular connection because China and Canada begin both with the "C". This is an important thing. Another important thing which connect Canada with China is that both has at least an "a" within. It is not important the overall amount of "a" in both names but that it is at least one of those in every each of these. Then are even not important thing like Canada is a very good place to live because is one of the most qualitative places in the world regarding the quality of life make there and Chinese people are to smart and want always the best for themselves. So send money there before send themselves and theirs family. But has no importance to be told or write.

I made finally a post for which I am proud to be the author of it. Shocked

Nunu

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Quote from: gentlemand on September 18, 2015, 03:58:46 PM

Quote from: Sourgummies on September 18, 2015, 03:56:20 PM

This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China.

What is it about Canada that attracts the Chinese so much?

Yeah, i want to know, too!

What's the connection between Canada and China?

spazzdla

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Quote from: Sourgummies on September 18, 2015, 03:24:05 PM

Quote from: spazzdla on October 09, 2014, 11:00:09 AM

Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

You must live on the west coast,this real estate market is going to blow and people are going to be committing suicide left and right.
I know guys that have never worked a day in their lives that just flip houses and have made decent coin but they also overextend themselves and reinvest due to the Asian influence on our prices.
When the bubble does burst it will effect me more in a work related sense as the new construction permits will flow to a trickle.
Jobs will be put on hold as companies that also speculated go under. Its going to be nasty if the day comes because a lot of people have taken out loans against their current value of the house or they are paying max just to get into the market. If the value goes up or down to fast people can catch heat.

I do not see people flooding to bitcoin when that happens though. More likely it will be to late for a bunch of people.
You watch t.v and the news will parade real estate agents through telling you now is the time to buy,have they ever not said that!

How fast and far do you think the TO area will fall if at all?

It seems this game could go on for decades :S..

futureofbitcoin

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Quote from: gentlemand on September 18, 2015, 03:58:46 PM

Quote from: Sourgummies on September 18, 2015, 03:56:20 PM

This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China.

What is it about Canada that attracts the Chinese so much?

It's an english speaking country, and is/was very easy to immigrate to. A lot of people have family who are now canadian citizens.

Sourgummies

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Never ending parties are what Im into.

We have very loose laws about foreign investment and our current Provincial government is turning a blind eye. Think a lot of people in China where worried about
a crack down and wanted to get their money out lately as well. We have mountains that limit how far you can develop the area and the downtown core is pretty close to a island and also very limited in space.
Also its proximity to China. Its become like owning a gucci purse,they all know about Vancouver and its status to own here.

I know Australia cracked down recently but our government is scared to do so,due to how many people are profiting off this crazy push upwards.

gentlemand

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Welt Am Draht

Quote from: Sourgummies on September 18, 2015, 03:56:20 PM

This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China.

What is it about Canada that attracts the Chinese so much?

Sourgummies

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Never ending parties are what Im into.

Quote from: gentlemand on September 18, 2015, 03:41:02 PM

Every housing market has its own different characteristics. The death of the UK's bubble has been predicted for several years and seems to shrug it off completely. Massive immigration is definitely a factor there and pathetic amounts of house building. I really wonder what it'll take to tip it over the edge into a crash.

This is true but the Vancouver(Canada) market is different because it is being used as a place to get money out of China. It may be happening all around the world but Vancouver has less room and is proximity wise closer to China. It has gotten so bad that I receive mail in Chinese asking me to sell my house on a weekly basis. There are empty houses from foreign investors that are turning into tear downs in the most expensive areas.
UK is different due to the different areas you take in for investing.
The bubble has been pushed back due to the Asian investors here and that is the reason it has not surfaced,think the U.K is dealing with different dynamics.
Like more broader collective of foreign investors.

gentlemand

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Welt Am Draht

Every housing market has its own different characteristics. The death of the UK's bubble has been predicted for several years and seems to shrug it off completely. Massive immigration is definitely a factor there and pathetic amounts of house building. I really wonder what it'll take to tip it over the edge into a crash.

Sourgummies

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Never ending parties are what Im into.

Quote from: spazzdla on October 09, 2014, 11:00:09 AM

Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

You must live on the west coast,this real estate market is going to blow and people are going to be committing suicide left and right.
I know guys that have never worked a day in their lives that just flip houses and have made decent coin but they also overextend themselves and reinvest due to the Asian influence on our prices.
When the bubble does burst it will effect me more in a work related sense as the new construction permits will flow to a trickle.
Jobs will be put on hold as companies that also speculated go under. Its going to be nasty if the day comes because a lot of people have taken out loans against their current value of the house or they are paying max just to get into the market. If the value goes up or down to fast people can catch heat.

I do not see people flooding to bitcoin when that happens though. More likely it will be to late for a bunch of people.
You watch t.v and the news will parade real estate agents through telling you now is the time to buy,have they ever not said that!

spazzdla

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Hummz seems I should of bought and sold LOL.

Current opinions?

Bogleg

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Quote from: madken7777 on October 09, 2014, 11:27:09 AM

Quote from: spazzdla on October 09, 2014, 11:00:09 AM

Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

If they are getting high rental yield, it really doesn't matter if the housing market correct up to 50%.

Problem is these apartments and condo can't even get 5% yield before maintenance cost and other wear down cost.

TaunSew

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Quote from: spazzdla on November 03, 2014, 03:21:55 PM

Quote from: Elwar on November 03, 2014, 02:52:26 PM

So...Canada, Australia and China are having huge housing bubbles...

what will happen when they pop? Will it be a domino affect?

Will they pop or will everything inflate to justify their cost?

Or will they think up some new scheme to keep it going? (I am banking on this, most people are full blown retarded and will believe anything they are told.)

Construction only employs like 7% of the workforce and these jobs aren't even particularly well paid to begin with. Apprentices are making under $20 and ticketed tradesmen under $35 a hour. Then the work is very seasonal so there is no such thing as 365 days of pay. Benefits and pensions? What are these strange alien things you speak of?

I find most ticketed tradesmen I know don't even work in construction or even utilize their skillsets. You might have a carpentry or an electrician ticket but if you work at the warehouse or docks and forklift shit all day at some union job then you're technically an over-educated warehouse / dock worker.

byronbb

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They have been calling for a Canadian housing collapse for a long long time. I drive around Vancouver all day and I can assure you there is no slow down on construction. As long as rich Chinese are concerned about the safety of their wealth within China they are going to look to Canada, AUS, California housing as a safe haven. They are even buying up farm land in Saskatchewan because it gives a decent return and keeps their $$$ away from possible confiscation.

Swordsoffreedom

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Quote from: spazzdla on November 03, 2014, 03:21:55 PM

Quote from: Elwar on November 03, 2014, 02:52:26 PM

So...Canada, Australia and China are having huge housing bubbles...

what will happen when they pop? Will it be a domino affect?

Will they pop or will everything inflate to justify their cost?

Or will they think up some new scheme to keep it going? (I am banking on this, most people are full blown retarded and will believe anything they are told.)

Well Contagion in all likelihood
Honestly not sure economists love this 2% inflation so I'm banking on them trying to put a TON of Money in again called QE to keep the economy floating until the next collapse.
(While I hold tangible goods or Bitcoin since whatever ones survives the **** fest will still convert to money at a more favorable exchange rate ^^)

spazzdla

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Quote from: Elwar on November 03, 2014, 02:52:26 PM

So...Canada, Australia and China are having huge housing bubbles...

what will happen when they pop? Will it be a domino affect?

Will they pop or will everything inflate to justify their cost?

Or will they think up some new scheme to keep it going? (I am banking on this, most people are full blown retarded and will believe anything they are told.)

Elwar

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Viva Ut Vivas

So...Canada, Australia and China are having huge housing bubbles...

what will happen when they pop? Will it be a domino affect?

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: spazzdla on October 09, 2014, 11:00:09 AM

Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

Well everyone has been saying that for a while about the Canadian Housing Market
Remembers when Carney before he took his trip to Britain to be a Central Banker was like STOP Spending damn it we will raise the interest rate
Then the government was like ah were doomed its a bubble.
Others argue that people want to rent to own so its not a bubble but well we will see.

spazzdla

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So negative interest rates and stupid retarded policies to keep the housing market going?

jubalix

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Quote from: pattu1 on October 15, 2014, 09:10:17 AM

Quote from: jubalix on October 14, 2014, 10:58:10 PM

Sydney houses have returned 60% over the last 3 years, tax free if you live in it. That's pretty good return.

Quite a few suburbs have done 30~50% in the last year alone

Soon people will move their money out of all other forms of investments.... That will be the precursor to a big crash.

No the OZ GOV forces banks to not call in loans, as they did in the 80's. Thus is can never crash. Pretty simple really how does it help the gov to have 30%~50% of people kicked out of their homes.

Pro tip it doesn't.

pattu1

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Quote from: spazzdla on October 15, 2014, 10:24:24 AM

Quote from: adaseb on October 15, 2014, 09:43:26 AM

Yes the canadian housing is severely overpriced and its a huge bubble.

What will cause the bubble to burst? and burst badly?

When the interest rates start to rise again which is due to happen sometime in 2015 when the Fed starts to increase interest rates.

Canadians have a huge debt to income ratio and even a small increase in interest rates will hurt most home owners who are underwater on their mortgage.

I have a feeling they will never raise the rate again until the CAD is dead.. they cannot with out sinking the ecom.. A very slow 10-50 year death of the fractional banking system...?

Reminds me of the lost decade of Japan.

Topic: Canadian Housing & Bitcoin (Read 4251 times)