Global Village :  The Official GrahamHancock.com forums
For good-natured and mutually-respectful discussions of politics and current affairs. Soap-boxing and the promotion of extremist causes motivated by hate will not be tolerated by our moderators. 
Welcome! Log InRegister
I think you've crossed some wires here.

For starters, the issue you raise is not really a Canadian thing, it's a speculator thing. Since when did over leveraging second mortgages become unique to Canucks?

While it's true that we move with US interest rates, a major driver in the current price escalation here is more external, based on the fact that foreigners actually want to live in our cities. You probably won't understand that, what with no US city ever cracking the global you twenty. Vancouver is always near the top of those lists, and the global demand for Vancouver real estate is directly affected. The main thing to remember is that this is uncharted territory - such immense non-local demand for housing- new supply and demand metrics call for legislated adjustments. As a half-full glass guy, I have faith that legislated remedies will arise. But market forces will also solve the problem. To the extent that there is a claw-back in prices, housing for locals will become that much more affordable.

Finally, on the point of which nation is the most fiscally idiotic, the feeling up here is that we transitioned the US mortgage-induced Great Recession if 2008, thanks largely due to our national banking policies which are relatively stringent. People up here in banking were quite proud of that, as I recall. If so, it's likely because we take the conversation on finance to higher ground. Whereas you guys say, regulation or no regulation; we say what's the best regulation? A further macro strategy in place, I believe, involves the continuing lessening of Canadian reliance on the USA with respect to trade.

Namaste



Edited 2 time(s). Last edit at 25-Jan-19 05:36 by Poster Boy.

Options: ReplyQuote


Subject Views Written By Posted
Nearly half of Canadians come within $200 of bankruptcy: survey 781 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 164 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 138 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 133 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 129 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 180 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 131 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 127 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 138 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 163 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 142 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 135 Eddie Larry 22-Jan-19 16:19
within $200... 146 Racho 22-Jan-19 16:22
Re: within $200... 170 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 120 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 115 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 122 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 137 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 116 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 114 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 131 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 117 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 121 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 127 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 120 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 129 PB Bytes 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 116 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 127 PB Bytes 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 136 Jock 25-Jan-19 07:24
Jock : idiot 133 PB Bytes 25-Jan-19 15:08
Re: Jock : idiot 141 Jock 25-Jan-19 18:05
Re: Jock : idiot 155 PB Bytes 25-Jan-19 19:14
Re: Jock : idiot 130 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 114 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 197 PB Bytes 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 141 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 148 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 127 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 162 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 192 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 132 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 132 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 148 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 133 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 162 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 120 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 147 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 150 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 129 PB Bytes 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 126 PB Bytes 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 119 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 128 PB Bytes 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 114 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 116 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 136 Jock 05-Feb-19 07:28
economic reality 111 Warwick 05-Feb-19 19:48
Re: economic reality 106 Eddie Larry 05-Feb-19 23:48
Re: economic reality 102 Jock 06-Feb-19 03:10
Re: economic reality 105 Eddie Larry 06-Feb-19 04:08
Re: economic reality 102 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 118 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 174 Jock 08-Feb-19 07:52


Sorry, only registered users may post in this forum.