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why a US housing crash won't ever happen in Canada

 
Anonymous Coward
User ID: 27945631
Canada
02/15/2013 09:56 PM
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why a US housing crash won't ever happen in Canada
cuz it just won't. smart people running the show.

thoughts?
Anonymous Coward
User ID: 17152779
United States
02/15/2013 09:59 PM
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Re: why a US housing crash won't ever happen in Canada
A U.S. housing crash can't happen in Canada because they are different countries. homeruhh
crooks
User ID: 34030762
Canada
02/15/2013 10:01 PM
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Re: why a US housing crash won't ever happen in Canada
Smart Carney quit few months ago
and its already crashed 15% in Vancouver:

[link to www.chpc.biz]
Anonymous Coward (OP)
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Canada
02/15/2013 10:02 PM
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Re: why a US housing crash won't ever happen in Canada
A U.S. housing crash can't happen in Canada because they are different countries. homeruhh
 Quoting: Anonymous Coward 17152779


you know what the title means. a US style crash just won't happen in Canada.
Anonymous Coward
User ID: 18369222
Canada
02/15/2013 10:04 PM
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Re: why a US housing crash won't ever happen in Canada
you uneducated turd,Canada will go down hard as well
Anonymous Coward (OP)
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Canada
02/15/2013 10:05 PM
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Re: why a US housing crash won't ever happen in Canada
Smart Carney quit few months ago
and its already crashed 15% in Vancouver:

[link to www.chpc.biz]
 Quoting: crooks 34030762


it has not crashed. some prices have softened. the average home is still close to $900K in Vancouver area. it will never crash. it may soften up a bit.

i read today prices are going up even with sales slow. buyers have pulled their properties off the market.
LSDreamer

User ID: 14896274
Australia
02/15/2013 10:06 PM
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Re: why a US housing crash won't ever happen in Canada
I would like to move to Canada so I hope the economy stays in shape, at least for the next 10 years.
Human decency is not derived from religion. It precedes it.
~ Christopher Hitchens.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 10:07 PM
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Re: why a US housing crash won't ever happen in Canada
you uneducated turd,Canada will go down hard as well
 Quoting: Anonymous Coward 18369222


haha - not in your lifetime. canada knew what it was doing in order to avoid the crash that happened in the US.

no crash! how many years have people been saying it will crash. it just won't
Anonymous Coward
User ID: 29174238
Canada
02/15/2013 10:07 PM
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Re: why a US housing crash won't ever happen in Canada
Pride goeth before destruction.
Anonymous Coward
User ID: 961432
United States
02/15/2013 10:08 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
Anonymous Coward
User ID: 17152779
United States
02/15/2013 10:08 PM
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Re: why a US housing crash won't ever happen in Canada
A U.S. housing crash can't happen in Canada because they are different countries. homeruhh
 Quoting: Anonymous Coward 17152779


you know what the title means. a US style crash just won't happen in Canada.
 Quoting: Anonymous Coward 27945631


Styles don't crash in the U.S., they just get recycled into postmodern kitsch. I think Canadians have good style, it's just more understated.
Anonymous Coward
User ID: 961432
United States
02/15/2013 10:08 PM
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Re: why a US housing crash won't ever happen in Canada
2,000 square feet

.
 Quoting: Anonymous Coward 961432
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 10:16 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
Anonymous Coward
User ID: 29174238
Canada
02/15/2013 10:20 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631


You do realize that the US Government legislated the banks to provide loans to people discriminated against, otherwise known as minorities right? In otherwords, promoting communism and interfering with the free market. That was the catalyst for the meltdown, anyone with a heartbeat could get a huge mortgage, no money down and even cash back to furnish it. Enter the greedy bankers and creative marketing/packaging of completely worthless paper and you have a crash.

We are not out of the woods yet by a longshot, but if we have a housing correction it will be for different reasons.

However, they always occur, no bull market last forever.
crooks
User ID: 34030762
Canada
02/15/2013 10:20 PM
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Re: why a US housing crash won't ever happen in Canada
Smart Carney quit few months ago
and its already crashed 15% in Vancouver:

[link to www.chpc.biz]
 Quoting: crooks 34030762


it has not crashed. some prices have softened. the average home is still close to $900K in Vancouver area. it will never crash. it may soften up a bit.

i read today prices are going up even with sales slow. buyers have pulled their properties off the market.
 Quoting: Anonymous Coward 27945631


Hehe, keep praying bitch!

It is already down from the peak, canadians are broke and the ownership percentage is through the roof (higher than the US before the crash) which means no more new buyers.

It will take a few months before sellers realize they need to drop the prices hard and a new recession in 2013 will make sure that happens as the US gdp is contracting again and so is Europe's.

Don't worry, be happy!
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 10:24 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631


You do realize that the US Government legislated the banks to provide loans to people discriminated against, otherwise known as minorities right? In otherwords, promoting communism and interfering with the free market. That was the catalyst for the meltdown, anyone with a heartbeat could get a huge mortgage, no money down and even cash back to furnish it. Enter the greedy bankers and creative marketing/packaging of completely worthless paper and you have a crash.

We are not out of the woods yet by a longshot, but if we have a housing correction it will be for different reasons.

However, they always occur, no bull market last forever.
 Quoting: Anonymous Coward 29174238


Canadian bankers showed way more more prudent lending. smart people! therefore, no crash will happen here. i'm not talking about prices coming down a tiny bit. i'm saying NO crash. perhaps a slight decrease?
hwy_ho

User ID: 20668792
Canada
02/15/2013 10:26 PM
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Re: why a US housing crash won't ever happen in Canada
If Im wrong then disregard this post but wasnt Carny given his post in 2007-2008. Isnt he a goldmen sachs guy. Id have to say Canadas housing market was safe up until this Carny clown got his hands on things. Keep your eyes on things its gonna get bumpy after he's gone. Least thats the way I see things
Anonymous Coward
User ID: 18475264
Canada
02/15/2013 10:31 PM
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Re: why a US housing crash won't ever happen in Canada
The markets can (and do) stay irrational longer than you can stay solvent.
Anonymous Coward
User ID: 4032947
United States
02/15/2013 10:32 PM
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Re: why a US housing crash won't ever happen in Canada
A U.S. housing crash can't happen in Canada because they are different countries. homeruhh
 Quoting: Anonymous Coward 17152779


banana2
Anonymous Coward
User ID: 34502686
Canada
02/15/2013 10:33 PM
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Re: why a US housing crash won't ever happen in Canada
From what I've seen they were not giving mortgages to Burger King fry cooks and building 10,000 unit subdivisions in towns of 1500 people. I don't think we had the mortgage fraud and land speculation/real estate swindles even a percentage of what the US did.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 10:33 PM
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Re: why a US housing crash won't ever happen in Canada
Smart Carney quit few months ago
and its already crashed 15% in Vancouver:

[link to www.chpc.biz]
 Quoting: crooks 34030762


it has not crashed. some prices have softened. the average home is still close to $900K in Vancouver area. it will never crash. it may soften up a bit.

i read today prices are going up even with sales slow. buyers have pulled their properties off the market.
 Quoting: Anonymous Coward 27945631


Hehe, keep praying bitch!

It is already down from the peak, canadians are broke and the ownership percentage is through the roof (higher than the US before the crash) which means no more new buyers.

It will take a few months before sellers realize they need to drop the prices hard and a new recession in 2013 will make sure that happens as the US gdp is contracting again and so is Europe's.

Don't worry, be happy!
 Quoting: crooks 34030762


yeah, people just like you have said that for years. just google ' canada - housing bubble' and you'll see repsonses similar to yours going back years. yet no crash.

sellers are not desperate to sell. they have pulled their properties off the market as they can wait it out or rent out their second properties. it just different up here than what happened in the US. prices are NOT coming down in the major cities. in fact, i read today, they are increasing. albeit, at a much slower rate than previous year.
Anonymous Coward
User ID: 34502686
Canada
02/15/2013 10:40 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631


You do realize that the US Government legislated the banks to provide loans to people discriminated against, otherwise known as minorities right? In otherwords, promoting communism and interfering with the free market. That was the catalyst for the meltdown, anyone with a heartbeat could get a huge mortgage, no money down and even cash back to furnish it. Enter the greedy bankers and creative marketing/packaging of completely worthless paper and you have a crash.

We are not out of the woods yet by a longshot, but if we have a housing correction it will be for different reasons.

However, they always occur, no bull market last forever.
 Quoting: Anonymous Coward 29174238


Canadian bankers showed way more more prudent lending. smart people! therefore, no crash will happen here. i'm not talking about prices coming down a tiny bit. i'm saying NO crash. perhaps a slight decrease?
 Quoting: Anonymous Coward 27945631


I don't know if the bankers were any smarter. From the sound of things it was the mortgage companies in the US that did the most damage. They were the ones giving mortgages to illegal alien fruit pickers and then selling them as fast as they could in bundles. It wasn't the banks so much. The banks were buying all that shit and trading it, but they weren't the ones doing it so much.

In Canada there must not have been much of a market for mortgage bundles. If there was, sleazy jew fuckers would have been selling them here. It may be that because we didn't have an equivalent to MERS, it made the whole scam much more difficult to pull off so they never tried on a large scale.
Anonymous Coward
User ID: 29174238
Canada
02/15/2013 10:42 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631


You do realize that the US Government legislated the banks to provide loans to people discriminated against, otherwise known as minorities right? In otherwords, promoting communism and interfering with the free market. That was the catalyst for the meltdown, anyone with a heartbeat could get a huge mortgage, no money down and even cash back to furnish it. Enter the greedy bankers and creative marketing/packaging of completely worthless paper and you have a crash.

We are not out of the woods yet by a longshot, but if we have a housing correction it will be for different reasons.

However, they always occur, no bull market last forever.
 Quoting: Anonymous Coward 29174238


Canadian bankers showed way more more prudent lending. smart people! therefore, no crash will happen here. i'm not talking about prices coming down a tiny bit. i'm saying NO crash. perhaps a slight decrease?
 Quoting: Anonymous Coward 27945631


A slight decrease is already happening. Any movement in interest rates will send it into the gutter but they are remaining steady. Sooner or later the puppet masters will yank the strings though.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 10:47 PM
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Re: why a US housing crash won't ever happen in Canada
...


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631


You do realize that the US Government legislated the banks to provide loans to people discriminated against, otherwise known as minorities right? In otherwords, promoting communism and interfering with the free market. That was the catalyst for the meltdown, anyone with a heartbeat could get a huge mortgage, no money down and even cash back to furnish it. Enter the greedy bankers and creative marketing/packaging of completely worthless paper and you have a crash.

We are not out of the woods yet by a longshot, but if we have a housing correction it will be for different reasons.

However, they always occur, no bull market last forever.
 Quoting: Anonymous Coward 29174238


Canadian bankers showed way more more prudent lending. smart people! therefore, no crash will happen here. i'm not talking about prices coming down a tiny bit. i'm saying NO crash. perhaps a slight decrease?
 Quoting: Anonymous Coward 27945631


A slight decrease is already happening. Any movement in interest rates will send it into the gutter but they are remaining steady. Sooner or later the puppet masters will yank the strings though.
 Quoting: Anonymous Coward 29174238


but my post is saying it will not crash, not decrease slightly. yes, i agree, as i said above, that it may decrease a bit. however, you will not see a crash in Canada. kudos to Canada.
Anonymous Coward
User ID: 33298613
United States
02/15/2013 10:52 PM
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Re: why a US housing crash won't ever happen in Canada
Yes, I've owned 4 houses in Canada. It is just as overpriced there also. The crash will also happen there.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:01 PM
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Re: why a US housing crash won't ever happen in Canada
Yes, I've owned 4 houses in Canada. It is just as overpriced there also. The crash will also happen there.
 Quoting: Anonymous Coward 33298613


It's different here. Canada knew what it was doing. Also, lots of foreign investors.
Anonymous Coward
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Canada
02/15/2013 11:01 PM
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Re: why a US housing crash won't ever happen in Canada
sheeplebahbsflag
Anonymous Coward
User ID: 6420767
United States
02/15/2013 11:03 PM
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Re: why a US housing crash won't ever happen in Canada
You fucking dunce.

Of course Brit. North will not allow the banks to crash in Canada. Banking is a fucking W.M.D.!

Fuck you dunce cunuck.


Canada is being setup as the next world economic superpower.

the Brits planned this ages ago...ww two...fuckface. idiot...

fucking stupid canada boy...wATCH mARY pOPPINS..as goes the banks so goes the empire....

you think Hong Kong was not planned...you think all that Hong Kong money came to Canada because it was a accident

You think Kissenger and P.E.T went to China for nothing...yea Kissenger went to India and then took a C130 to China before yoyu were a fucking sperm...

so fuck off with Canada and all that fuck shit....

the shit storm was planned for the USA a long fucking time ago and British North America is still the goal...
Anonymous Coward
User ID: 34370565
United States
02/15/2013 11:07 PM
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Re: why a US housing crash won't ever happen in Canada
From what I've seen they were not giving mortgages to Burger King fry cooks and building 10,000 unit subdivisions in towns of 1500 people. I don't think we had the mortgage fraud and land speculation/real estate swindles even a percentage of what the US did.
 Quoting: Anonymous Coward 34502686


^^^ This is wisdom.^^^
Anonymous Coward
User ID: 34502686
Canada
02/15/2013 11:09 PM
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Re: why a US housing crash won't ever happen in Canada
Yes, I've owned 4 houses in Canada. It is just as overpriced there also. The crash will also happen there.
 Quoting: Anonymous Coward 33298613


It's different here. Canada knew what it was doing. Also, lots of foreign investors.
 Quoting: Anonymous Coward 27945631


That's nothing to be proud of. Foreign investors siphon wealth out of this country. That's the reason why as rich as this nation is in raw materials and factory square footage, the average Canadian has a lower standard of living than he did in the 1980's.

If every time your economy generates a new dollar in wealth and some foreign fuck takes it out of your country, you have gained nothing. We would have been better off printing lots of our own money and lending it to Canadians who wanted to build new factories and open new mines. Then all the wealth stays here. Instead we took a few easy Chink and Yank pennies in initial investment and watch as billions piss their way off all over the world.

Canadians are smart, no, they're incredibly stupid.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:10 PM
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Re: why a US housing crash won't ever happen in Canada
You fucking dunce.

Of course Brit. North will not allow the banks to crash in Canada. Banking is a fucking W.M.D.!

Fuck you dunce cunuck.


Canada is being setup as the next world economic superpower.

the Brits planned this ages ago...ww two...fuckface. idiot...

fucking stupid canada boy...wATCH mARY pOPPINS..as goes the banks so goes the empire....

you think Hong Kong was not planned...you think all that Hong Kong money came to Canada because it was a accident

You think Kissenger and P.E.T went to China for nothing...yea Kissenger went to India and then took a C130 to China before yoyu were a fucking sperm...

so fuck off with Canada and all that fuck shit....

the shit storm was planned for the USA a long fucking time ago and British North America is still the goal...
 Quoting: Anonymous Coward 6420767

well, if it makes you feel better to swear, knock yourself out. your swearing may cause your brain to crash, but NO crash here in beautiful Canada.

cheers.

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