While this is a real estate blog, I’ll go off topic because you asked.

You know how most grandfathers take their grandkids fishing? Mine was a little more intense, being a District Attorney.

He got my brother and I together one day and laid out the whole Trilateral Commission/CFR package, and said that he thought they’d destroy this country someday. He told us to do everything in our power to stop them.

I don’t have any doubt in my mind that the powers that be must be heading for the “Big Start-Over” where they bankrupt this fine country, and replace with the one-world government.

It’ll probably reward those who live like the government does, highly in debt.

You’re about to get pigged so if you want to respond on a subsequent post, feel free.

Please read this…

http://www.sprott.com/Docs/MarketsataGlance/MAAG_10_2009.pdf

… and then let’s talk about whether or not we have 3 years.

p.s.: Although ER is damned nice, this particular house is oddly not.

There are bigger fish to fry with that one.

I don’t have a clear picture as to the current state of our housing market. We didn’t take as hard of a hit as the States due to the strict banking regulations (none of our banks asked for any hand-outs). But we’re still from my point of view in a recession, our prime interest rate is at 2.25% and is a bit on the low side, the value of the Canadian dollar against the US dollar is still too high and interfering with our exports to the US (we almost hit parity last week; our preference is around 80-85 cents US), consumer confidence is still a bit low causing people to hold on to whatever cash they have…

And yet, people are still buying homes up here.

On my side, I still have a ton of credit that I haven’t used up, and I have people who are interested in investing in my business despite it not having been officially launched yet or even making any money!

I just don’t get it!

“People are now making audition tapes begging you to let them buy your house, and by the way, they’d also like to give you more money than you asked for. How outrageous is that?” says Bernard Lang, a Toronto investor in rental properties.

Also I’m not trying to come off negative. If I am I’m sorry, it’s just how I see things unfolding. (Barring additional government intervention on prices)

I guess you’re right. Considering the governments current intent to spend it’s way out of a recession. (A trillion here a trillion there eventually it all starts to add up.)

BTW, I’m in Manhattan this weekend and it’s interesting to see all the big name banks throwing around $$$ like none other hosting public and private events. I seems like every 3-4 minutes I see some kind of free marketing tee shirt of jacket with a banks corp logo. The last time I saw this type of thing was in Vegas during Comdex right before the computer bubble popped.

A tad bit negative, even for you.

I think $3 trillion might be all we need. Spend a trillion a year buying MBS to keep mortgage rates low, and ditch all other tax credits, loan mods, etc. A fairly-distributed incentive to those willing to risk.

Heck, you’ll probably buy in the next 3 years, wouldn’t you?

Since Jim has been slinging RE since the 80s it would be interesting to get his perspective as an agent in the trenches.

Pretty strange home…kind of makes me feel like I did last time I ate at Denny’s…and that was 20 years ago!