Real Estate Implosion...

[Taipan]

Geezer
Welcome back!

Another of the gang. At least you had the courage to go toe to toe with me.

Happy 19000 listings. So many properties, so few buyers!

[jesse1]

Johnny Horton was one of the few people ever to be banned from this site.

Almost all traces of Johnny Horton have been erased from the Matrix -- only a scant few remain and alas certainly not his best material -- and in the process of reassigning history to other fragments some wonderful content from this forum's top stars has been lost.

Oh woe, what a sorted life we weave. Baby Jesus Archivist weeps for the folly of Man.

[Geyser]

Ha, I knew my return would provoke a knee-jerk rant. You provide such a target rich environment I don't know where to start.

Geezer is of the gang who thinks you need to be really really smart to be a successful property developer.

No, that's not true, I only doubted that You are a successful property developer. If you actually are one you have very effectively demonstrated that being "really, really smart" is absolutely not a requirement.

Now let's talk car prices, BTW, I love the way you put such heavy emphasis on the later and much more expensive XKR-S model which you never claimed to own.

The 2012 Jaguar XKR-S Convertible has been revealed ahead of its international debut at the 2011 Los Angeles Auto Show.

The XKR-S Convertible joins the XKR-S Coupe at the pinnacle of Jaguar’s hard-core sports car line, and will arrive in Australia around March next year.

Jaguar Australia brand manager Kevin Goult said local pricing was still to be finalised but confirmed the XKR-S Convertible would be “around the $340,000-$360,000 range”.

Given the XKR-S Coupe costs $340,000, and there is a $23,300 price premium for the regular XKR Convertible over the XKR Coupe, we suspect the final price will be closer to the higher end of that range. 2012 Jaguar XKR-S Convertible in Australia by March

I'm delighted that you are comfortable paying almost three times the Canadian price for a British car, I wouldn't, but then I'm British and my experience with Jaguar products was very negative. Even after Ford bought them and tried to bring their products up to Ford quality standards the problems persisted. Maybe Tata is doing a better job, after all, Indian cars have a great reputation.

How much did you pay for your red brake calipers? They are C$500 here, so I'm assuming you would see them as value for around two grand.

I also note that you were very comfortable with Johnny Hortons anti white anglo saxon rants, but if I challenged him I was a nasty racist! What’s wrong with you!

You were the worst bigot to ever post on this forum, you had a particular distaste for Asians but gays were always on your radar to, which makes me wonder if you're hiding something from us. BTW, Johnny Horton's comments were often tasteless but they were usually funny and they didn't have the bitter, malicious tone of your hate filled rants. Understanding satire requires at least a little bit of intelligence, you know, like being able to spell. How's your "associate diploma" doing? Is it still in that frame you photographed on your office wall? Have you considered using white-out to change it to a degree?

Just remember Geezer. That property you own will be worth half what it is now and you’ll be half as smug.

Don't worry about me, I'm debt free and, other than my residence, I don't hold any property which isn't highly cash flow positive. BTW, your house in Oz is not looking like a particularly hot investment these days. How much has it dropped from peak? How much more to come?

Although you have always painted me as a perma-bull I have repeatedly stated that corrections will occur and sometimes they can be huge. I was in Vancouver for the crash of '82 when a 30% haircut was getting off light. I think it's well within the bounds of possibility that it could happen again and if it does I'll still be just as smug - sorry to disappoint you on that one.

OH and BTW ip addresses can also be traced on all those reading this forum. It is really quiet frightening how much can now be forensically found when the police want to.

I see your fearful paranoia is still there, sorry, I didn't mean to frighten you.

Before I close I should offer my sympathy for your "really big balls", lack of use can often cause them to swell - or is it an infection? Anyway, I wish you a speedy recovery.

[Geyser]

Thanks for the welcome Semven. I see you've been keeping Snakey in line quite nicely, keep up the great work.

[tdma800]

BTW, your house in Oz is not looking like a particularly hot investment these days. How much has it dropped from peak? How much more to come?

His country forces people to sell their houses when they leave (the country)

[Taipan]

Still bitter I see Geezer. Then again I’d hate to mark English papers all my life too.

At least I trained in valuation of real estate, unlike you who have no experience.

I see you’re planning to sell your house to help fund your retirement. Yeah good luck with that when it falls 50%! I’ll send you some vegemite! It’s cheap

Bigot - don’t make me laugh, anything i said was in response to Horton’s brutal and nasty attacks on caucasian Canadians. It was all about the Chinese mainlanders invading and taking over. (Not the Chinese government, so don’t even reach for the keyboard!)
How they would buy everything, make Canadians their lackeys and slaves and how dumb and stupid all white westerners were.

Something you thought amusing, but which was highly insulting to many Canadians. Hell you wouldn’t even defend your own country. What a weak example of a Canadian you are!

Had to leave it to somebody else in the Commonwealth to do it for you! Hell there was absolutely no moderation on this forum and you were happy to support racial attacks against your own country.

But see Geezer you twist this, you twist that don’t you. It’s all to distract the focus away from you, because you have nothing to say. Yet you fear property falling like there is no tomorrow.

And now you come on here and pretend that you weren’t bullish on real estate. How there was no way that you could imagine property prices would fall 20% 30%.
19000 Listings and still growing and you and the rest of the bulls in here still don’t understand that it was caused by a massive credit bubble worldwide. And no you aint different.

We dont like each other - but - I will call a truce at this point.

You dont attack me - and ill leave you alone.

No personal attacks either way, and we will let sleeping dogs lie. That is a reasonable offer.

[tdma800]

Thanks for the welcome Semven. I see you've been keeping Snakey in line quite nicely, keep up the great work.

I think the words you say are proper and sweet. In my opinion you have education in the property field.

[Taipan]

You do everything he says TDMA. There are a few people who deserve it, and I think your one of them.

[tdma800]

http://www.youtube.com/watch?v=8LL2jyxjk7o

[Geyser]

OK Snakey, let me respond to your last rant in point order:

Still bitter I see Geezer. Then again I’d hate to mark English papers all my life too.

Wrong again, not everybody who can string together a basic sentence is an English teacher, but I do understand why it may appear that way to a semi-literate.

At least I trained in valuation of real estate, unlike you who have no experience.

Ah, yes, the vaunted "distance learning, associate diploma". Obviously you feel the postage was well spent.

I see you’re planning to sell your house to help fund your retirement. Yeah good luck with that when it falls 50%! I’ll send you some vegemite! It’s cheap?

Wrong again. They'll have to drag my carcass out of my current home in a body bag and although my financial situation should be of little interest to others, let me just say that I suspect I'm in a somewhat better situation than you. A suspicion which is given credence by your desperate need to prove otherwise and my lack of interest in any vulgar claims about possessions or status. If you ever have an opportunity to watch real wealthy people you might notice how little bragging takes place. That will probably be very hard for you to understand but the thing is, if you have it you really don't need to flaunt it. Of course, if you don't ........... well, if your are very insecure, you borrow money and flaunt your new toys in the hope that somebody will be impressed. How is that working out for you so far?

Bigot - don’t make me laugh, anything i said was in response to Horton’s brutal and nasty attacks on caucasian Canadians. It was all about the Chinese mainlanders invading and taking over. (Not the Chinese government, so don’t even reach for the keyboard!)
How they would buy everything, make Canadians their lackeys and slaves and how dumb and stupid all white westerners were.

As previously mentioned, JH's comments were devoid of the vitriol so apparent in yours. He was poking fun at your bigotry and you couldn't even see it - that's a bit sad but not totally unexpected. BTW, I suspect he's a liberal minded Caucasian Canadian who despised your racism.

Something you thought amusing, but which was highly insulting to many Canadians. Hell you wouldn’t even defend your own country. What a weak example of a Canadian you are.

I guess you have forgotten that you are talking to an old army veteran. What have you done for your country - aside from embarrassing it?

Had to leave it to somebody else in the Commonwealth to do it for you! Hell there was absolutely no moderation on this forum and you were happy to support racial attacks against your own country.

Would you like me to repost some of your vile racist rants? Please say yes if you are not ashamed of them.

]But see Geezer you twist this, you twist that don’t you. It’s all to distract the focus away from you, because you have nothing to say. Yet you fear property falling like there is no tomorrow.

Actually, I think it might be healthy if prices did return to their fundamental values. It would be very painful for people who had bought in the last seven or eight years but it might be better for the general population in the long run.

And now you come on here and pretend that you weren’t bullish on real estate. How there was no way that you could imagine property prices would fall 20% 30%.

I've always been bullish on real estate over the long term and I still am. I have also always recognized the possibility of major corrections and have clearly and repeatedly stated so on this forum. As I mentioned in my last post, I was a property owner during Vancouver's massive '82 correction and it leaves a mark. Some properties fell by far more than 30% and of course it could happen again. Apart from losing some paper profits I escaped that catastrophe relatively unscathed but some friends didn't, so don't even try to tell me about corrections.

FWIW, unlike when you first joined the yapping terriers of gloom and doom, conditions have changed, we are now much closer to the next inevitable correction and it could easily be a big one. You were off by years with your prognostications, lousy calls on investment timing do not bode well for your longevity in your chosen profession.

19000 Listings and still growing and you and the rest of the bulls in here still don’t understand that it was caused by a massive credit bubble worldwide. And no you aint different.

Show me where I claimed we were different.

We dont like each other - but - I will call a truce at this point.

You dont attack me - and ill leave you alone.

No personal attacks either way, and we will let sleeping dogs lie. That is a reasonable offer.

I'm amused that you call for a truce immediately after firing a broadside, not big on tactics are you?

[Taipan]

All right Geezer. I held out the olive branch and you didn’t accept my offer. We could have let this go. But .....

"What if somebody listened to Taipan and didn’t buy!" Geezer.

That sums you up old chap. You are zhit scared of the market falling. Got to convince people to keep buying.

And you hold a lot more property and geared a lot more then you say. You’d like to be wealthy - you aspire to be wealthy - and you have delusions of grandeur and fantasy images of how you would behave. You can forget it. Those paper profits are going to disappear and your retirement isn’t as going to be as much fun as you thought, with all your tenants. Wealthy people come in all shapes and sizes and colors and personality types - obvious you know very few, and selectively filter out those you don’t approve of. Toughen up princess.

Horton was a very nasty asian racist. The fact that you not only couldn’t tell that and found his comments amusing, show what poor morals and ethics you have. You endorsed his vitriol.

That you encourage racism is every bit as bad as being the racist themselves. Yes i gave some back in reply. You take me on, I won’t take a step back and you get it in return. That’s me. Turn the other cheek. No way I’ll be in your face, on internet forum or in real life.

I don’t really care what you do Geezer. Post away - That you have squirrelled away posters postings from years ago, shows you are massively analy retentive. But if you do - you must also post what I was replying to. Otherwise it will all be out of context. And we both know you won’t do that because horton was a nasty piece of work.

Maybe that is why you made the homophobic comment about me. You like that sort of thing and enjoyed Johnnys repeated postings of fingers in the anal cavity for prostrate examinations.

Personally the way he used it on this forum was massively abhorrent. It was used to suggest that if you didn’t buy real estate you would be "buggered" by Asian buyers. You liked that and condoned it. Why? Anything to keep those prices rising! To scare people into buying when they really can’t afford it.

I see you’ve changed your avatar signature. Are you really that dumb? You say you are originally from England but you understand nothing about international currencies or that tax laws are different. Example of narrow mindedness?

Oh and you’re a retired army guy from the UK. Good we both know how to clean, handle and lock load and shoot a gun. I’m looking forward to getting my gun licence in Canada as well when I come over at xmas. I’ll be able to store my weapons safely in my own gun safe in my own house, and go shooting and hunting with my sons. It’ll be a lot of fun.

Yes my Jag cost close to $300k Australian. That’s what you pay over here. You go to the USA you probably get it for under $100k. We have this wonderful tax over here imposed by the socialists who hate success, that charge 35% luxury car tax on top of everything else. Another thing you didn’t know. Being a petrol head, i love driving the car, but it’s taken me quite a bit of time to get used to the looks and the comments. People come up to me and comment about it and we discuss cars. That’s what people who have a passion for motors do.
Then about 1 in 10 is just like you. A ratbag with some nasty dig or jibe or attack. A chip on their shoulder, an issue with envy, a cringing of some deep scarred class system.

4 years ago Vancouver had a bubble. It was going to collapse. It should have collapsed. Apart from massive government intervention the market would have collapsed then. You don’t understand that do you. The only thing that saved it was massive government fiscal and monetary intervention. Not economic fundamentals. You’ve been on borrowed time for 4 years.

The whole world is now a massive printing Ponzi scheme. Bernanke even whispers about printing money the markets rise! He doesn’t say something when the market expects it, and they fall. There is now no basis for economic growth anywhere in the western world and china is getting creamed.

You obviously don’t understand why these bubbles occurred, why they are crashing world wide, and why the global markets over the next 5 years will massively crash. First Europe, then Japan, and finally USA in about 4-5 years. The big reset as some commentators are talking about because currencies have become fiat currencies.

Have a nice day Geezer.

[tdma800]

OK Snakey, let me respond to your last rant in point order:

I doubt his car cost $300,000AUD - haven't seen any proof yet about HIS OWN car - lol

[Taipan]

Way you carry on youd be lucky to be old enough to have a skate board

[ArthurFonzarelli]

So our good friend Gordholio writes an impassioned and laudable article claiming that, among other things, we have record low interest rates, record high inventory, record low sales, lax lending standards, trumped-up media hype, and a variety of other facts about the market that would lead a dispassionate observer to conclude that the market has a correction ahead of it. Could have led to some good discussion and possible counterpoints, but all that the pumpers and fluffers can do is challenge whether an anonymous poster on here really does own a Jag. What does that tell you?

[gobigorgohome]

You obviously don’t understand why these bubbles occurred, why they are crashing world wide, and why the global markets over the next 5 years will massively crash. First Europe, then Japan, and finally USA in about 4-5 years. The big reset as some commentators are talking about because currencies have become fiat currencies.

Then WTF were you thinking blowing 1M on your pretend ski chalet in the BC interior? At least be consistent with your BS. Otherwise your delusional bi-polar fantasy reality of being a middle aged Australian property tycoon with 20M in assets looks a lot shakier.