Home Sales Up?! What The..are you serious

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Home Sales Up?! What The..are you serious Have peeps believed that the economy has turned around... Rate Topic: 2 Votes

#71 smelly

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Posted 03 November 2009 - 05:11 PM

schmoozer, on 03 November 2009 - 03:56 PM, said:

problem is that nobody will actually do that.. NOBODY

Well i'm a somebody - so you're obviously wrong.

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#72 schmoozer

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Posted 03 November 2009 - 05:14 PM

Glasgogirl, on 03 November 2009 - 05:24 PM, said:

got my saddle ready, & I like to ride..... giddyup!

yeehaw!! you go girl..

#73 schmoozer

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Posted 03 November 2009 - 05:15 PM

smelly, on 03 November 2009 - 06:11 PM, said:

Well i'm a somebody - so you're obviously wrong.

a much more likely answer is that you're lying....

much much more likely in fact.

#74 smelly

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Posted 03 November 2009 - 05:23 PM

How can i be lying about "math" exactly?

just because you cant handle simple mathematics - doesnt mean they're "lies".

.. just means you're a dumb-fck.

#75 schmoozer

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Posted 03 November 2009 - 05:26 PM

smelly, on 03 November 2009 - 06:23 PM, said:

How can i be lying about "math" exactly?

just because you cant handle simple mathematics - doesnt mean they're "lies".

.. just means you're a dumb-fck.

liars often resort to personal attacks and insults...

I read that on wiki.

#76 schmoozer

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Posted 03 November 2009 - 05:28 PM

whorocks, on 03 November 2009 - 06:25 PM, said:

I'm also a somebody, and smelly knows what he's talking about..

At some point in the past, smelly has taken Economics 101 at some local community college... his grasp of reality is tenuous at best...

#77 smelly

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Posted 03 November 2009 - 05:32 PM

schmoozer, on 03 November 2009 - 05:28 PM, said:

At some point in the past, smelly has taken Economics 101 at some local community college... his grasp of reality is tenuous at best...

?? My grasp on reality?

Oh dear. Just because you cant do simple mathematics doesnt mean it's not "real".

The reality here is that you think it's always better to buy and not rent. You think that renting is "throwing away money". And therefor the reality is that you just cant do simple maths.

What reality arent i grasping here? Apart from you being dumb?

EDIT: I just figured out another "Reality". Whenever i post a math post which explains to people something like the about which shows them that renting isnt always throwing away money.. you try to hide it away by posting lots of nonsense.. I can only presume therefor your a realtor who's desperate for people not to read that?

This post has been edited by smelly: 03 November 2009 - 05:34 PM

#78 smelly

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Posted 03 November 2009 - 05:38 PM

ANY mortgage which is taken out over more than 25 years - is throwing money away (especially with little down), and you'd be better off financially renting.

Even without investing the savings - and just putting the money you've saved into an interest account.. Even then you'd still be better off.

ESPECIALLY if you're dumb enough to buy when the market is high and due to burst.. (as it is now).

Sure short term it might go up more - but a property is a 25 year plus investment....

#79 schmoozer

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Posted 03 November 2009 - 05:42 PM

smelly, on 03 November 2009 - 06:32 PM, said:

sorry, not a realtor! haha!

Look you throw out some theoretical statistics and post a few lines from your macroeconomics course...whoopdeedoo.

A young person in a position to buy a house/condo/whatever has a choice. They can throw down their savings as a downpayment and buy a place at historically low interest rates. Their other choice is to keep renting, all the while showing an incredible level of financial maturity and discipline by socking away all these "theoretical" savings into 1.5% interest bearing savings vehicles. In 30 years time, you might be better off.. you might not be, who knows? Oh right, Smelly knows because he can foresee the future..

blah I say, ALWAYS better to buy in the long-term.... maybe now isn't the best time to take the plunge, maybe it is...I don't know. What I do know Smelly, is that you don't own anything here (spare us with the German apt stories) and in all likelihood you never will.
Maybe by choice, maybe not, your credibility is pretty much nil in my opinion.

Go ahead, lay on some more infantile insults.
:thumbsup:

#80 smelly

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Posted 03 November 2009 - 05:52 PM

schmoozer, on 03 November 2009 - 05:42 PM, said:

A young person in a position to buy a house/condo/whatever has a choice.

indeed they do

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They can throw down their savings as a downpayment and buy a place at historically low interest rates.

... which wont stay low for the length of their mortgage, and will almost definately be back to normal before they have to renew... And also buying at historically high prices.

Quote

Their other choice is to keep renting, all the while showing an incredible level of financial maturity and discipline by socking away all these "theoretical" savings into 1.5% interest bearing savings vehicles. In 30 years time, you might be better off..

If they dont have money to spare while paying rent - how on earth are they going to pay for a mortgage? Your theoretical young person is going to be screwed when rates return to their historic average!

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you might not be, who knows? Oh right, Smelly knows because he can foresee the future..

No.. i can just do math.

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blah I say, ALWAYS better to buy in the long-term.... maybe now isn't the best time to take the plunge, maybe it is...I don't know. What I do know Smelly, is that you don't own anything here (spare us with the German apt stories) and in all likelihood you never will.

I do.. but you're right - if the market stays the way it is - i wont be buying here ever. That's kinda my point - you're financially better in this market to not buy.

Quote

Maybe by choice, maybe not, your credibility is pretty much nil in my opinion.
Go ahead, lay on some more infantile insults.

Ignoring the fact that you started by insulting me.. It's nothing to do with "credibility" and everything to do with simple maths.. I think you need to go back to high school and re-take math.

Or get a grown up to help you.

#81 schmoozer

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Posted 03 November 2009 - 06:06 PM

smelly, on 03 November 2009 - 05:52 PM, said:

indeed they do

... which wont stay low for the length of their mortgage, and will almost definately be back to normal before they have to renew... And also buying at historically high prices.

If they dont have money to spare while paying rent - how on earth are they going to pay for a mortgage? Your theoretical young person is going to be screwed when rates return to their historic average!

No.. i can just do math.

I do.. but you're right - if the market stays the way it is - i wont be buying here ever. That's kinda my point - you're financially better in this market to not buy.

Ignoring the fact that you started by insulting me.. It's nothing to do with "credibility" and everything to do with simple maths.. I think you need to go back to high school and re-take math.

Or get a grown up to help you.

Rather than respond to your usual blather, all I'll say is that the highlighted part there is where you are totally wrong without even realizing it!

Yes, your mortgage will in all likelihood be higher than your rent. Getting locked into mortgage payments means that you will find ways to cut expenses, maybe actually adhere to a budget (which I can guarantee you almost nobody except for Smelly really does) take in a renter or student, hit up the parents for a few lump-sum payments, there are lots of ways to approach that problem. Rates returning to the "historical average" (by the way did you realize how totally irrelevant such a statistic is?? ) Interest rates have been average downwards since 1991, maybe you should consider "trends" instead of averages huh?

So long as people take a realistic and practical approach to their home purchase, something much easier to do than save huge portions of their after tax disposable income as you suggest, now's a good time!

#82 smelly

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Posted 03 November 2009 - 06:17 PM

schmoozer, on 03 November 2009 - 06:06 PM, said:

Yes, your mortgage will in all likelihood be higher than your rent. Getting locked into mortgage payments means that you will find ways to cut expenses, maybe actually adhere to a budget (which I can guarantee you almost nobody except for Smelly really does) take in a renter or student, hit up the parents for a few lump-sum payments, there are lots of ways to approach that problem.

And if you did the same while renting - you'd have more money to invest rather than throwing it away on an overpriced mortgage.

Quote

Rates returning to the "historical average" (by the way did you realize how totally irrelevant such a statistic is?? ) Interest rates have been average downwards since 1991, maybe you should consider "trends" instead of averages huh?

"trends" - so you think interest rates will continue to go DOWN - because that's what the "trend" is? Oh brother.

The fact that over a 30 year period that interest rates average around 8% despite being on a downward turn for 8 years.. should tell you something.. But then I know you cant do math.

So lets state facts that carney has said he'll be raising rates next year. The government is in a huge defecit - which'll mean it'll have to issue bonds and therefor raise rates. The US will eventually start to revalue their dollar by raising their rates sometime soonish - therefor forcing us to as well..

Quote

So long as people take a realistic and practical approach to their home purchase, something much easier to do than save huge portions of their after tax disposable income as you suggest, now's a good time!

Nows an awful time! Prices are at an all time high, and interest rates can only go one way (hint: it's not down!)

Even the dumbest guy in the math class can figure out you dont buy something when it's high, just because rates are low? You take out a mortgage for decades, you dont base that decision on what the rates are currently doing! Only a complete moron would do that!

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Posted 03 November 2009 - 06:38 PM

stinky,

you can call buyers all morons all you want. still doesn't mean nothing. as schmoo said, if you have a choice and capability to buy it's your choice. Your spew is like complaining about people deciding to have a child. it's nonsense, not only that, it's irrelevant and really none of your business. one must ask, why you care so much if you are not the buyer? what difference does it make to you.

#84 smelly

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Posted 03 November 2009 - 06:55 PM

commentator, on 03 November 2009 - 06:38 PM, said:

you can call buyers all morons all you want.

I didnt. I said schmoo (and obviously you) cant do math.

I also said that buying when prices are high because rates are low while ignoring that you take out a mortgage for decades is moronic. But then even the dumbest simpleton on the internet can figure that much out.. so that's taken as read.

I didnt call "all buyers" moronic.. just the ones that think somehow rates will stay low for the length of their mortgage because thats what the "trends" have been showing (schmooozers words not mine)

EDIT: I also stated that his assertion that "now is a good time to buy" was moronic. Afterall it doesnt take a genius to figure out investing works by buying low and selling high - not the other way around.

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if you have a choice and capability to buy it's your choice.

I never said otherwise.

Quote

Your spew is like complaining about people deciding to have a child. it's nonsense, not only that, it's irrelevant and really none of your business.

No - what you're saying is irrelevant here.

Someone posted that renting is throwing money away. I posted the math to show he was wrong (depending on the market situation). Schmoozer disputed my math.. Then took it off topic...

That is all..

Now your here also missing the point... well done!

Quote

one must ask, why you care so much if you are not the buyer? what difference does it make to you.

I think everyone should care - Because there are idiots out there who cant do simple math - and they stand a good chance of screwing up our economy over the next x number of years..

This post has been edited by smelly: 03 November 2009 - 07:02 PM

#85 smelly

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Posted 03 November 2009 - 07:13 PM

HONESTLY though - what is up with you guys?

I post some simple math showing that sometimes renting is a better financial idea than buying (and that i personally believe this current market is one of those times).. and you've somehow failed to grasp the simple math, and twisted all that around to somehow make out i've said that no-one should buy ever?!?

I know people seem to have this delusion that renting is "throwing money away" - but when you try to explain the simple math behind it not always being (and that in cases like we're in now, the exact opposite), then people get all upset as if you've just insulted their god or urinated on them from a great height?

What the heck is up with that?

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Posted 03 November 2009 - 07:42 PM

right on!! jus remember people like owning things..they like shaping their environment...they are materialistic..they like expressing their taste and style and this will never end. esp. in materialistic vancouver.

i would go out and buy something in the next year if you want to ever have a chance of owning something...prices are going up

#87 Kaylee 7

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Posted 03 November 2009 - 07:58 PM

schmoozer, on 03 November 2009 - 04:54 PM, said:

I couldn't help but laugh at the irony
:naughty:

I know it was a terrible thing to say, but I'm really sick of home "owners" telling me that I need to buy a house now because renters are throwing their money away. Do they even know what interest is? Do they think that only the richest kings of Europe will be able to afford real estate from this point on? That mindset is really stupid, and it's only serving to fuel a misguided hatred of the lower classes now that a lot of people "own" property that they think will only increase in value by infinity forever.

I could buy a house right now if I wanted to, but I think it's a terrible investment atm, so stop telling me about it!! Jeet christ, stupid people.

This post has been edited by Kaylee 7: 03 November 2009 - 08:00 PM

#88 smelly

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Posted 03 November 2009 - 08:11 PM

Ah see .. people (especially vancouver people) seem to equate teh amount of debt they're in as the amount of wealth they have. Inability to do simple math outstands me sometimes.

Sure - some people like to own things.. and some people (like me) like the option of being able to disapear to another city at the drop of a hat without needing to sell something first.

If it wasnt for a very old friend of mine (who i trust) renting my place in stuttgart - i wouldve sold that place years ago... And would now be sat here totally propertyless and happy.. But the owners will still not get that and think somehow that im jealous of them.. its a crazy world.

I do care about property prices, because the way we're going - we're going to go the was of the states soon.. The only difference is - if that happens, it wont be a worldwide crash, but a canada specific one... And (as someone who wants to stay in canada long term) that worries me.

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Posted 03 November 2009 - 08:41 PM

don't worry it shouldn't affect you at all. if you didn't buy in then no worries.

#90 smelly

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Posted 03 November 2009 - 09:05 PM

commentator, on 03 November 2009 - 08:41 PM, said:

don't worry it shouldn't affect you at all. if you didn't buy in then no worries.

The ecconomy effects us all.

Worst case scenario - I recon probably about 5% chance of happening .. Canada experiences the same style crash as America just had.. just as the rest of the world is recovering...

Its a small chance.. but even Carney has stated his worries about prices staying artificially high for too long. And when the head of the bank says that sort of thing - i listen.

But imho - we wont get a crash - just a correction.. in vancouver a bigger correction than the rest of canada. But a correction (not a crash) all the same.. I just wouldnt want to be one of the people who've bought recently (who are going to buy between now and the end of 2010).

#91 smelly

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Posted 03 November 2009 - 09:08 PM

One last thing to say - before i run away as im obviously upsetting people.

Buy property as somewhere to live. If you're buying as an investment - you're a muppet..

And if you have more than 50% of your "wealth" in property and not spread out elsewhere (be it pension or investments) then you are (and I know people are going to jump on me for this .. which is why im leaving) a moron.

.. And renting isnt throwing money away.. sometimes you'll make more money renting a property than you will buying it (hint - as in now)

EDIT: Also - NO investment keeps going up and up expontially, it just physically mathematically isnt possible! A lot of people learned this the hard way 9 years ago with the dot com "boom".. A lot of people will learn this with housing in vancouver very soon too.

This post has been edited by smelly: 03 November 2009 - 09:12 PM

#92 just curious

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Posted 03 November 2009 - 09:09 PM

smelly, on 03 November 2009 - 10:05 PM, said:

Never gets old eh, smelly? lol!

Why doesn't anyone listen to you ?? hahahaha!

Oh...poor smelly.

#93 Berry Sweet

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Posted 03 November 2009 - 09:11 PM

I'd love to see BC crash like a row of dominos.

#94 just curious

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Posted 03 November 2009 - 09:13 PM

smelly, on 03 November 2009 - 10:08 PM, said:

Run smelly, run. Run like the wind!

Posted Image

#95 just curious

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Posted 03 November 2009 - 09:14 PM

Berry Sweet, on 03 November 2009 - 10:11 PM, said:

I'd love to see BC crash like a row of dominos.

I get quite a laugh at the hate and, more importantly, the jealousy!

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#96 Berry Sweet

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Posted 03 November 2009 - 09:18 PM

just curious, on 03 November 2009 - 10:14 PM, said:

I get quite a laugh at the hate and, more importantly, the jealousy!

Posted Image

I personally think a crash and a riot would help make change. It's the only thing that will change BC, maybe even a whole world crash.

#97 just curious

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Posted 03 November 2009 - 09:20 PM

Berry Sweet, on 03 November 2009 - 10:18 PM, said:

I personally think a crash and a riot would help make change. It's the only thing that will change BC, maybe even a whole world crash.

You're done bitch.

#98 Berry Sweet

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Posted 03 November 2009 - 09:23 PM

just curious, on 03 November 2009 - 10:20 PM, said:

You're done bitch.

Ok then, I guess you are type of person who would like to work for $8/hr and buy a 1 bdrm condo for $5 million.

#99 just curious

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Posted 03 November 2009 - 09:26 PM

Berry Sweet, on 03 November 2009 - 10:23 PM, said:

Ok then, I guess you are type of person who would like to work for $8/hr and buy a 1 bdrm condo for $5 million.

I think that people should buy real estate where they can afford it. People shouldn't have pie in the sky expectations. The more popular a place is the more expensive it becomes, obviously it doesn't work the other way around.

Simply put - you'll be lookin' at Surrey. If you're lucky.

#100 smelly

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Posted 03 November 2009 - 10:06 PM

Just curious = vancouver mentality...

we're doomed!

#101 just curious

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Posted 03 November 2009 - 10:12 PM

smelly, on 03 November 2009 - 11:06 PM, said:

Just curious = vancouver mentality...

we're doomed!

lol! smelly, what the hell.....I thought you had to run??

What's up with that you liar? lol!

#102 Berry Sweet

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Posted 03 November 2009 - 10:23 PM

just curious, on 03 November 2009 - 10:26 PM, said:

Are you %$@#!in stupid? It takes all sorts to run a city. Who serves you when you go to a restaurant, or a convience store? Who pumps your gas? Puts your groceries thru the till? How about a receptionist that book appointments for assholes like you? Even those guys who work the garbage trucks....they run and lift heavy garbage cans all day and some of them only make $8-$10/hr. There are a lot of people who do and need these jobs to allow this city to exists and run. These people who have these jobs, some of them have families and $8/hr just doesn't cut it.

Toronto is a popular place too and the cost of living is better. The average house isn't as expencive as here. And their min. wage is currently $9.50 and expected to raise to $10.25 on March 31, 2010. BC has been at $8/hr since Nov.1.2001...everywhere else in Canada raised thier min. wages so people could survive.

Someone like you has got to be blind or %$@#!in dumb not to see how #@$%!* BC is.

Look at the cost of housing in Vancouver:
http://www.canadaimm...ouverliving.asp
Compared to Toronto:
http://www.canadaimm...rontoliving.asp

This post has been edited by Berry Sweet: 03 November 2009 - 10:26 PM

#103 Berry Sweet

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Posted 03 November 2009 - 10:29 PM

Here's you min wage list for Canada. Look how pathetic BC is.

http://en.wikipedia....wages_in_Canada (scroll down)

#104 just curious

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Posted 03 November 2009 - 10:35 PM

Berry Sweet, on 03 November 2009 - 11:23 PM, said:

lol! My work is done here.

Have a great night!

We'll chat later and I'm sure we'll become old friends before long!

#105 smelly

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Posted 04 November 2009 - 12:36 AM

@Barry : raising minimum wage wont help anything.. Raise minimum wage and it creates a domino efffect and everyone will earn more.. thus pushing prices up further.. thus making the minimum wage redundant.

@Just Curious - your mommy is calling you deary .. it's past your bed time.. make sure you ask a teacher in school tomorrow if you can get extra math lessons - you REALLY need it!