Disqus - Latest Comments for squidly33

Re: You buy a house for half a million dollars and...

squidly33 — Sat, 24 Apr 2010 22:09:09 -0000

Robs contrairian blog began the journey
Gloria picked up in the middle
and im here to finish it off

Re: You buy a house for half a million dollars and...

squidly33 — Sat, 24 Apr 2010 22:06:37 -0000

Where should I begin

truman blog has been obliterated, hes the only one now posting on his blog, sic, or maybe hes just demented.

edmontonrealestateblog is now dominated by bears, the bulls are now laughed at.

radley77 ran away.

andrewkyle had to shut down.

so thats 4 i guess

Re: You buy a house for half a million dollars and...

squidly33 — Thu, 15 Apr 2010 23:52:21 -0000

the squidlyy77 posting above is obviously an imposter

Re: You buy a house for half a million dollars and...

squidly33 — Thu, 15 Apr 2010 23:49:10 -0000

if this is the end perhaps you could leave a final post
anyways thanks for all your work gloria
you gave people a place to read some information that the REIC would like no one to read

again thanks for the blog !!

Re: You buy a house for half a million dollars and...

squidly33 — Thu, 18 Feb 2010 22:36:28 -0000

sometimes its a sorry blog
not much is going on
but when the market tanks..you really wont like me

Re: Weekend Open Thread

squidly33 — Mon, 25 Jan 2010 22:07:21 -0000

realtors and the msm were jumping out of their very skins with joy as house prices climbed out of reach for ordinary calgarians
there narrow minded view saw it as good thing
they never thought or cared that with every dollar in price escalation calgary was quickly chasing industry away
they were overcome with greed

well its gone now
it wont come back for a long long time

Re: And then they'll say they never saw it coming

squidly33 — Sun, 17 Jan 2010 22:48:58 -0000

edmonton sun layoffs
Neil Waugh was one of 30 staffers just laid off by the Sun chain...

Re: And then they'll say they never saw it coming

squidly33 — Fri, 15 Jan 2010 20:33:14 -0000

oh he needn't bother
believe me..the oil sands growth is grinding to a halt
all on its own

funny how politicians are always behind the curve

the nat gas industry in alberta is finished and it wasnt the governments fault although they gave it nudge to be sure it would die with all the policy changes

shale gas has permanently destroyed albertas nat gas industry and unless some new technology is developed it will never come back

Re: And then they'll say they never saw it coming

squidly33 — Fri, 08 Jan 2010 21:33:57 -0000

OTTAWA — As Canada's red-hot real estate market shows no signs of slowing down in 2010, analysts are beginning to caution some buyers that their best move may be to step to the sidelines.

"If you're somebody in a situation that you have only five per cent down and you're stretching to get in the market with a 35-year amortization, I think that would be a very precarious situation right now," said BMO Capital market economist Robert Kavcic.

Conversely, he said, "if you're sitting on a pile of cash and looking to move into the real estate market, it would almost be a no-brainer to just wait for lower prices."

meanwhile calgarys sister city not fairing to well
phoenix housing down 57%

Re: And then they'll say they never saw it coming

squidly33 — Thu, 07 Jan 2010 14:28:35 -0000

with an interest rate at 6% that place will cost $96,000 yearly in interest costs alone and carry a mortgage payment of $10,236 monthly with 25 year amortization

Re: And then they'll say they never saw it coming

squidly33 — Thu, 07 Jan 2010 14:14:46 -0000

you go girl !! and a great example of a fools treasure in his minds eye....to me that wooden shack is piece of junk..a debt trap
the mortgage owner is acting like a rat on a sinking ship and screaming sos or should i say sms....save my soul

all the government welfare that mortgage owners have received that the bloggers here have documented well is about to end and its now time

for markets to do what markets do

you go girl !!
rock on !!

Re: Alice in the Wonderland continued....

squidly33 — Thu, 07 Jan 2010 12:47:59 -0000

thanks gloria for re-establishing this blogs integrity
ridding yourself of mindless mentals is appreciated
this is by far the best housing blog in alberta
and your kicking the sh** outta the realtor blogs

thanks again

Re: Alice in the Wonderland continued....

squidly33 — Thu, 07 Jan 2010 10:34:16 -0000

house prices plummeting would be the best news possible for the people that live in calgary as it would allow the alberta advantage to return and renewed prosperity would lie ahead

the banks demanding 50% of calgarians pay cheques just to pay for shelter in this city is a crime
the money just disappears into a dark pit of nothingness
guaranteeing a choked and stalled economy

combine the banks 50% grab and the governments 25% grab and tell me whats left to support business's in this city

with failed business come the loss of jobs
tons of job losses and it'll only worsen

people that believe that rising real estate prices are a benifit to the city have a warped perception of reality

the higher the price goes
the clearer the path to bust becomes

plummeting home prices in calgary will ensure a bright future for all calgarians

Re: Alice in the Wonderland continued....

squidly33 — Thu, 07 Jan 2010 09:59:29 -0000

carioca
those failed condo holes are atrocious and a nasty eye sore

you wanna see ft mac right now
literally blocks of unsold condos
empty restaurants and empty malls
they're in full scale crash mode up there..big time

Re: Alice in the Wonderland continued....

squidly33 — Thu, 07 Jan 2010 09:45:57 -0000

being smart has little to do with it
common sense has everything to do with it

the fact that housing crashed firstly in the US britain spain and most other places is a non issue as housing will crash everywhere sooner or later inspite of government attempts to keep prices propped up

$450,000 for an avg calgary house is ridiculous
they cost more here than in manhatten new york

its calgary for petes sake
a one pony town in the middle of no where
and its cold here

the foreclosure picture is only now getting started
as of now 1 in every 130 calgary mortgage payers can not meet their financial obligations
soon that will double shortly after it will triple and probably quadruple there after

anyone that has purchased a calgary home post 2007 has lost at least $100,000 and i give a rats ass what the calgary herald or calgarys merry gang of realtors have to say about

a $100,000 is a lot of money to lose..an awful lot

the people that are supposed to be the housing experts
spit in calgarians face denying reality
they cloud the facts distort the stats and mislead far to many

am i smart..no
but i have eyes and i have ears
i can see the thousands of empty condos that litter the city
i can see the rows of unsold new homes that surround us
i can see all the for lease signs that pollute calgarys industrial areas and i listen to people who can no longer afford lunch out
as their mortgage is choking the life right out of them

but the damage has been done

calgary will become a city of nightmares

Re: Alice in the Wonderland continued....

squidly33 — Thu, 07 Jan 2010 09:40:57 -0000

being smart has little to do with it
common sense has everything to do with it

$450,000 for an avg calgary house is ridiculous
they cost more here than in manhatten new york

its calgary for petes sake
a one pony town in the middle of no where
and its cold here

anyone that has purchased a calgary home post 2007 has lost at least $100,000 and i give a rats ass what the calgary herald or calgarys merry gang of realtors have to say about

a $100,000 is a lot of money to lose..an awful lot

the people that are supposed to be the housing experts
spit in calgarians face denying reality
they cloud the facts distort the stats and mislead far to many

but the damage has been done

calgary will become a city of nightmares

Re: Alice in the Wonderland continued....

squidly33 — Wed, 06 Jan 2010 21:22:46 -0000

governments world wide will be starving for cash shortly (1-2 yr)
when they have to make do on the oh so many promises that they have pledged on our behalf
The entire debate about teachers pay scales is about to be rendered moot by the en masse insolvency of local and state governments. Yes, the entire status quo will collapse in a heap, so we better start thinking about what will replace it.

3 years ago when i blogged that we were heading for the worst ever financial disaster brought on by collapsing mega-high house prices i was branded a nut and a conspiracy theory nut..read the above and remember where you read it

governments are going broke

Re: Alice in the Wonderland continued....

squidly33 — Wed, 06 Jan 2010 20:38:05 -0000

the supply of million dollar homes in calgary is shrinking
CALGARY - There are 2,079 fewer million-dollar homes in Calgary this year, city assessors say, as the housing market continues to ease back from the peak of a couple of years ago.
Calgary number million dollar homes plummets by 2,079

read the link and listen to the realtors mumble and stumble his excuses why
then remember the head line and disregard his spin

the calgary housing market is sucking its last breath and is 100% dependant on ultra low interest rates

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 16:07:44 -0000

anyone who took a housing salesmans advice since july 2007 with 5% down is in awful trouble as they are seriously underwater in their mortgage

the ones that put 0% down may as well start walking

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 15:53:00 -0000

sounds crazy low doesnt it ?

but consider the rapid speed that the bubble inflated

prices went from $205,000 nov 2004 to
$231,000 nov 2005 then to
$334,000 nov 2006 then maxed out at
$392,500 july 2007

thats up more than 90% over a 32 month period http://www.bobtruman.com/Old_Criteria/page_1510919.html

people have maxed out their resources and are stretched to the limit, even a 1% rise in interest rates on the avg calgary home will cause a $4,500 yearly increase to ones mortgage
or $380 a month ($1,000 for every $100,000 borrowed)

so a 3% increase will cause mortgage payments to rise by $13,500 yearly or $1,100 a month

that will quickly and sharply pop the bubble flushing the fat away with it
calgary price graph

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 12:31:23 -0000

you can kinda gauge the market by the amount of criticism dished out

i dont mind the insults at all
there was a time when there were some pretty smart bulls posting here but they have all but vanished
that one blogger (evil) completely lost control of himself

i take no pleasure with in fact that many calgarians will shortly begin to lose their homes through foreclosure and my comments were and still do reflect my view that alberta housing is grossly overpriced and buying now is simply planning to fail

i am hard on realtors not for who they are
rather its for what they represent

this blog and its posters have only warned not to buy
and if only 1 family did not buy because of it
that would be a good thing

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 10:14:35 -0000

when all is said and done an average calgary house will cost about $160,000 and in edmonton perhaps $130,000

then again peoples mouths will be so sour with all the financial loss over housing that they may be worth nothing at all

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 10:05:43 -0000

not wanting to be out done

edmonton responds....

House prices fall 10% for second year
By Gordon Kent, edmontonjournal.com

EDMONTON — The city started mailing out property assessment notices Monday that show the value of the typical Edmonton house has dropped by about 10 per cent for the second year in a row.

As of the annual July 1 assessment date, the typical single-family home was about $330,000, down from approximately $365,000 one year earlier, said Rod Risling, manager of the city's assessment and taxation branch.

This is the first consecutive drop in prices since the province began requiring annual market-value assessments in 1999, and probably hasn't happened since the Alberta economy tanked in the 1980s, Risling told a news conference.

The five hardest-hit areas -- Boyle Street, the rural northeast, Oliver, Inglewood and Prince Charles -- had drops between 17.4 per cent and 24 per cent. http://www.edmontonjournal.com/news/House+prices+fall+second+year/2405152/story.html

this blog warned you that the real-tots were not being honest with you

what happens next when interest rates begin to accelerate ?

we have about another 50% left to go
on top of the 25% that they have fallen so far

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 09:55:19 -0000

whoops..heres the link
http://www.calgaryherald.com/news/Calgary+housing+values+drop+cent/2404512/story.html

Re: Alice in the Wonderland continued....

squidly33 — Tue, 05 Jan 2010 09:52:26 -0000

we told you that the realtors were spinning and hiding the truth

calgary houses are down for the second year running

Calgary housing values drop 13 per cent
By Kim Guttormson, Calgary HeraldJanuary 4, 2010Comments (54)

CALGARY- For a second year, the typical home in Calgary is worth less, dropping by 13 per cent, according to city assessors.

That means the median assessed value of a single family home is $374,000 as of July 1st, 2009 — down from $427,000 the year before.

For condos, the median assessed value dropped to $233,000 for 2010 from $278,000 the year before.

hey its only down $45-$55,000 year over year

not much to lose right ?