Buy! Buy! Buy!
Oct 13th 2008, 3:38 pm
#136
BE Enthusiast
Joined: Jun 2006
Posts: 476
Re: Buy! Buy! Buy!
This is all very interesting and here is the reality. I have a very good job to go to in Toronto that pays very well, myself and my family will emigrate in Jan. My house has been on the market for two months, I have had to drop the price by £30k in that time. One person has come to see it and has not bought it. I cannot sell my house because the markets have gone plane crazy. How can Walmart be worth 20% less than it was 2 days ago, non of this makes any sense but it is happening. What exacally am I supposed to do (obviously not listen to a word OTBO says) but I will have to rent in Toronto until I sell my house in the UK, this could be good or bad depending on the stability of the market in both Canada and the UK. You are probably right that the rate will change to benefit us English folk but that doesn't help most of us normal people who cannot release our equity.
And by the time you do realise that equity you may not get back what you lost even if the exchange rate goes near 2.27 depending on what you lost due to losing so much value in your home
Oct 13th 2008, 3:58 pm
#137
BE Forum Addict
Joined: Sep 2003
Location: Ontario, Canada
Posts: 1,152
Re: Buy! Buy! Buy!
Can anyone give unbiased advice? Whether it's affected by profit, experience or unapparent prejudice advice of any kind is rarely unbiased. Everyone has an angle and when heeding advice it's always worth bearing that in mind.
That's my advice.
That's my advice.
Oct 13th 2008, 4:50 pm
#138
Seasoned Maritimer
Joined: Jun 2005
Location: Fredericton, New Brunswick CA
Posts: 8,309
Re: Buy! Buy! Buy!
Oct 13th 2008, 5:25 pm
#140
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Buy! Buy! Buy!
Someone waay upthread suggested that, as a realtor, OTBO was trying to "squeeze the last drop" out of the real estate market. I think it much more likely that the fool is still trying to squeeze that first drop out of the market.
I mean, would you buy a used car from this man?
I mean, would you buy a used car from this man?
Oct 13th 2008, 6:29 pm
#141
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,918
Re: Buy! Buy! Buy!
Just as an aside, I have been looking at areas of NS for a possible move. I have not gained the impression that the North Shore is a depressed area - at least not more than many places.
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
Oct 13th 2008, 7:58 pm
#142
BE Enthusiast
Joined: Jun 2006
Posts: 476
Re: Buy! Buy! Buy!
Just as an aside, I have been looking at areas of NS for a possible move. I have not gained the impression that the North Shore is a depressed area - at least not more than many places.
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
Oct 13th 2008, 9:16 pm
#143
BE Forum Addict
Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Buy! Buy! Buy!
Keep an eye on the Canadian $ - the government target is for it to go to 80 cents: 1 USD. At that point the GBP will have maximum purchasing power and it will be the best time to buy here for 3 years.
For US buyers, property is already 20% cheaper than it was a two weeks ago. Fuel just dropped to 50p/litre and interest rates are dropping too.
The plan is to stimulate the housing market and for the ripple effects to boost the economy. Combine that with investors switching from shares to antiques, art and property and it is
BuY! Buy! Buy!
I am a Realtor and am watching what has been happening very closely - all the website stats are up.
For US buyers, property is already 20% cheaper than it was a two weeks ago. Fuel just dropped to 50p/litre and interest rates are dropping too.
The plan is to stimulate the housing market and for the ripple effects to boost the economy. Combine that with investors switching from shares to antiques, art and property and it is
BuY! Buy! Buy!
I am a Realtor and am watching what has been happening very closely - all the website stats are up.
Oct 14th 2008, 2:18 am
#144
BE Enthusiast
Thread Starter
Joined: Feb 2007
Location: North Shore Nova Scotia
Posts: 623
Re: Buy! Buy! Buy!
Not much Trading today as it is Thanksgiving and Canadian Markets closed. I expect a sharp rise in the TSX tomorrow, strengthening Can$, which will then start it's fall after Stephen Harper gets re-elected and implements the OEC parity strategy and interest rate cuts. If Dion gets in they will fall anyway.
2008-09-02 Tuesday, September 2 1.90991 CAD
2008-09-03 Wednesday, September3 1.88805 CAD
2008-09-04 Thursday, September 4 1.88211 CAD
2008-09-05 Friday, September 5 1.88137 CAD
2008-09-08 Monday, September 8 1.87605 CAD
2008-09-09 Tuesday, September 9 1.88684 CAD
2008-09-10 Wednesday, Septemb10 1.88367 CAD
2008-09-11 Thursday, September 11 1.88915 CAD
2008-09-12 Friday, September 12 1.89805 CAD
2008-09-15 Monday, September 15 1.90748 CAD
2008-09-16 Tuesday, September 16 1.9114 CAD
2008-09-17 Wednesday, Septemb17 1.93051 CAD
2008-09-18 Thursday, September 18 1.94517 CAD
2008-09-19 Friday, September 19 1.91551 CAD
2008-09-22 Monday, September 22 1.9192 CAD
2008-09-23 Tuesday, September 23 1.92168 CAD
2008-09-24 Wednesday, Septemb24 1.91514 CAD
2008-09-25 Thursday, September 25 1.90281 CAD
2008-09-26 Friday, September 26 1.90477 CAD
2008-09-29 Monday, September 29 1.87531 CAD
2008-09-30 Tuesday, September 30 1.88669 CAD
2008-10-01 Wednesday, October 1 1.88847 CAD
2008-10-02 Thursday, October 2 1.90127 CAD
2008-10-03 Friday, October 3 1.91858 CAD
2008-10-06 Monday, October 6 1.91649 CAD
2008-10-07 Tuesday, October 7 1.9448 CAD
2008-10-08 Wednesday, October 8 1.94668 CAD
2008-10-09 Thursday, October 9 1.97795 CAD
2008-10-10 Friday, October 10 2.0274 CAD
2008-10-13 Monday, October 13 2.0274 CAD
Oct 14th 2008, 2:38 am
#145
BE Enthusiast
Thread Starter
Joined: Feb 2007
Location: North Shore Nova Scotia
Posts: 623
Re: Buy! Buy! Buy!
Do yourself a favour and research the poster. He has the most impressive record to mis leading for personal gain. Occasionally (when he forgets his meds) he re appears here and spouts a load more crap. He is a master flamer who pretends he is a successful realtor on the North Shore (an economically depressed area) He enjoys sharing his "happy place" with us all. I personally feel for him.
In six months I have $30m plus inventory, mostly wig-wams and out-houses as we can't afford houses up here, more listings than many brokerages. It depends how you measure success - someone from Calgary sent me flowers for taking the time to do some viewings - that's success to me.
Thanks for feeling for me, I feel for you too, let's get married.
Oct 14th 2008, 2:43 am
#146
BE Enthusiast
Thread Starter
Joined: Feb 2007
Location: North Shore Nova Scotia
Posts: 623
Re: Buy! Buy! Buy!
Just as an aside, I have been looking at areas of NS for a possible move. I have not gained the impression that the North Shore is a depressed area - at least not more than many places.
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
I thought I'd actually been reading of new businesses setting up there.
Would any residents of the area care to comment?
Truro is the hub of Nova Scotia...Google the RDA.
Oct 14th 2008, 2:44 am
#147
BE Enthusiast
Thread Starter
Joined: Feb 2007
Location: North Shore Nova Scotia
Posts: 623
Re: Buy! Buy! Buy!
Someone waay upthread suggested that, as a realtor, OTBO was trying to "squeeze the last drop" out of the real estate market. I think it much more likely that the fool is still trying to squeeze that first drop out of the market.
I mean, would you buy a used car from this man?
I mean, would you buy a used car from this man?
Oct 14th 2008, 2:51 am
#148
BE Enthusiast
Thread Starter
Joined: Feb 2007
Location: North Shore Nova Scotia
Posts: 623
Re: Buy! Buy! Buy!
This is all very interesting and here is the reality. I have a very good job to go to in Toronto that pays very well, myself and my family will emigrate in Jan. My house has been on the market for two months, I have had to drop the price by £30k in that time. One person has come to see it and has not bought it. I cannot sell my house because the markets have gone plane crazy. How can Walmart be worth 20% less than it was 2 days ago, non of this makes any sense but it is happening. What exacally am I supposed to do (obviously not listen to a word OTBO says) but I will have to rent in Toronto until I sell my house in the UK, this could be good or bad depending on the stability of the market in both Canada and the UK. You are probably right that the rate will change to benefit us English folk but that doesn't help most of us normal people who cannot release our equity.
Oct 14th 2008, 3:44 am
#149
BE Forum Addict
Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Buy! Buy! Buy!
I'm sure you mean well, OTBO, but this figure:
2008-10-13 Monday, October 13 2.0274 CAD
isn't what the beeb reported earlier, which was 1.98.... a 4c difference.
It would be nice to see your hopes materialise.... but the bottom line is the UK economy has been trashed by nulabour and it will take a long time to fix. While the CAD might drop against the USD, there is no guarantee that it will drop against the GBP. Pity, but true.
2008-10-13 Monday, October 13 2.0274 CAD
isn't what the beeb reported earlier, which was 1.98.... a 4c difference.
It would be nice to see your hopes materialise.... but the bottom line is the UK economy has been trashed by nulabour and it will take a long time to fix. While the CAD might drop against the USD, there is no guarantee that it will drop against the GBP. Pity, but true.
Oct 14th 2008, 4:02 am
#150
Lotus-eater
Joined: Jan 2004
Location: Cascadian Autonomous Elysian Region
Posts: 5,069
