Buy! Buy! Buy!
#76
BE Enthusiast
Joined: Jan 2008
Location: West Lothian
Posts: 685
Re: Buy! Buy! Buy!
Why would you think I would suggest buying a home is a short term move? I'm talking about people buying a home as they emigrate.
It is not caution to the wind, as a pound will buy more than it has done for three years. Nor is it a few cents. Against the USD there has been around a 20% drop in two weeks. What would have cost an American $200,000, is only costing $160,000 for the same property.
It is not caution to the wind, as a pound will buy more than it has done for three years. Nor is it a few cents. Against the USD there has been around a 20% drop in two weeks. What would have cost an American $200,000, is only costing $160,000 for the same property.
Last edited by G586; Oct 12th 2008 at 3:30 am. Reason: John Lewis is a private partnership....just for info.
#77
Forum Regular
Joined: Apr 2008
Posts: 40
Re: Buy! Buy! Buy!
Fact is what I am talking about:
http://www.x-rates.com/d/CAD/USD/graph30.html
I never mentioned the North Shore......but as you have...... did I ever mention what a wonderful place it is to live.....well, your nastiness will certainly be putting people off Halifax, South Shore, Fall River or wherever it is you live Mike.
http://www.x-rates.com/d/CAD/USD/graph30.html
I never mentioned the North Shore......but as you have...... did I ever mention what a wonderful place it is to live.....well, your nastiness will certainly be putting people off Halifax, South Shore, Fall River or wherever it is you live Mike.
#79
Re: Buy! Buy! Buy!
Yes. but waiting may equally save you thousands. My point is that now is not the time to be rushing into big purchases...and my other point is that if you live in the UK at the moment, it's possible you may be facing large difficulties and your original post is pretty insensitive.
#80
Re: Buy! Buy! Buy!
My nastiness? I'm simply demonstrating that you are a very ill-equipped person to be giving financial advice to people coming across to Canada, your lack of knowledge on the fiscal systems of the world and how they interlink demonstrates perfectly that you are only interested in selling people houses, despite the fact that they could well be better off renting for the short-medium term, then buying their perfect property when they feel the market has reached a level with which they are happy. Showing the same graph over and over again does not prove that the CAD will reach the level you quoted. Nor does it show your capability to absorb any of the information which has been presented to you. If you must continue with your dangerous and irresponsible claims, do it in person, and not on a forum where people are looking to change their lives (hopefully) for the better, and may mistakingly take you for someone who has an inkling of economic sense.
Even breathing the fresh air and drinking the water here is changing peoples lives for the better.
Yes, they are changing their lives and need every penny. Watch the markets is all I am saying and cash in if you can.
The graph shows a trend - all you need is a crayon and a ruler.
It can be cheaper to pay a mortgage here than rent.
Everyone sees the US, UK and Europe collapse and infers it on Canada. Affected yes, part of it, no. You don't look old enough to be patronizing.
#81
Re: Buy! Buy! Buy!
All markets are interlinked, to say there is no financial storm is incorrect, its just that the repercussions are yet to be fully realised here yet, it took around 16-18 months for it to hit back in the UK, many of the large banks here, CIBC, BMO, RBC etc etc, are all exposed to subprime, a housing correction is heading this way, why would someone buy now (unless its a full amount in cash, made from profit on a house sale in the uk) when you could possibly get alot more for your money in 12 months time?
Now that the US and most of Europe are officially in recession who do you expect to buy Canadian exports? The currency will fluctuate until the truth comes out about the state of the economy, and while you may get more dollars to your pound in the next week or two, the long term trend is only going to be heading down, just like the commodity prices, even short selling will not make a positive change to the markets. People are going to be feeling a whole lot poorer soon, just like the affects we're seeing coming to light in the states and the UK/Europe.
Now that the US and most of Europe are officially in recession who do you expect to buy Canadian exports? The currency will fluctuate until the truth comes out about the state of the economy, and while you may get more dollars to your pound in the next week or two, the long term trend is only going to be heading down, just like the commodity prices, even short selling will not make a positive change to the markets. People are going to be feeling a whole lot poorer soon, just like the affects we're seeing coming to light in the states and the UK/Europe.
#83
Re: Buy! Buy! Buy!
Canada's major trading partners - 2006
The United States was our largest trading partner. It absorbed 81.6% of our exports.
The next largest buyer was the United Kingdom, which bought 2.3% of our exports.
When it came to our imports, the USA was our largest supplier. It provided us with 54.9% of our imports. Our next largest supplier was China, which sold us 8.7% of our imports.
Okay, things may have changed in the last two years, and I can't be bothered to search out more recent statistics. But even now, the United States is our largest trading partner, by a long shot.
x
The United States was our largest trading partner. It absorbed 81.6% of our exports.
The next largest buyer was the United Kingdom, which bought 2.3% of our exports.
When it came to our imports, the USA was our largest supplier. It provided us with 54.9% of our imports. Our next largest supplier was China, which sold us 8.7% of our imports.
Okay, things may have changed in the last two years, and I can't be bothered to search out more recent statistics. But even now, the United States is our largest trading partner, by a long shot.
x
#84
Joined: Jul 2005
Posts: 15,883
Re: Buy! Buy! Buy!
Canada's major trading partners - 2006
The United States was our largest trading partner. It absorbed 81.6% of our exports.
The next largest buyer was the United Kingdom, which bought 23.3% of our exports.
When it came to our imports, the USA was our largest supplier. It provided us with 54.9% of our imports. Our next largest supplier was China, which sold us 8.7% of our imports.
Okay, things may have changed in the last two years, and I can't be bothered to search out more recent statistics. But even now, the United States is our largest trading partner, by a long shot.
x
The United States was our largest trading partner. It absorbed 81.6% of our exports.
The next largest buyer was the United Kingdom, which bought 23.3% of our exports.
When it came to our imports, the USA was our largest supplier. It provided us with 54.9% of our imports. Our next largest supplier was China, which sold us 8.7% of our imports.
Okay, things may have changed in the last two years, and I can't be bothered to search out more recent statistics. But even now, the United States is our largest trading partner, by a long shot.
x
Plus neither does the math? Exports to U.S. 81.6% exports to UK 23.3% total 104.9% and we haven't even got to the lesser ones yet.
Last edited by Steve_P; Oct 12th 2008 at 4:45 am.
#85
Re: Buy! Buy! Buy!
Thanks for the heads up, Steve. I'll try again:
Canada's Major Trading Partners - 2006
Yes, I noticed my typo when I was re-reading my post, and managed to change it before the BE website showed that I'd edited my message.
In 2006, 81.6% of our exports went to the USA and 2.3% to the UK.
x
Canada's Major Trading Partners - 2006
Plus neither does the math? Exports to U.S. 81.6% exports to UK 23.5% total 104.9% and we haven't even got to the lesser ones yet.
In 2006, 81.6% of our exports went to the USA and 2.3% to the UK.
x
#86
Joined: Jul 2005
Posts: 15,883
Re: Buy! Buy! Buy!
Thanks for the heads up, Steve. I'll try again:
Canada's Major Trading Partners - 2006
Yes, I noticed my typo when I was re-reading my post, and managed to change it before the BE website showed that I'd edited my message.
In 2006, 81.6% of our exports went to the USA and 2.3% to the UK.
x
Canada's Major Trading Partners - 2006
Yes, I noticed my typo when I was re-reading my post, and managed to change it before the BE website showed that I'd edited my message.
In 2006, 81.6% of our exports went to the USA and 2.3% to the UK.
x
#87
Re: Buy! Buy! Buy!
So, the headline in the world press today is
The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington
And an irresponsible Realtor is advising the we should Buy, Buy, Buy to feed his own greedy needs. Unbelievable. I thought Realtors were governed by some sort of rules whereby they had to be honest and representative. It seems not. I can't believe anyone in their right mind would use you as their Realtor. You just come across as a Spiv.
The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington
And an irresponsible Realtor is advising the we should Buy, Buy, Buy to feed his own greedy needs. Unbelievable. I thought Realtors were governed by some sort of rules whereby they had to be honest and representative. It seems not. I can't believe anyone in their right mind would use you as their Realtor. You just come across as a Spiv.