Economic downturn has started

It's been six month and have prices come down?

  • No they have not come down

    Votes: 0 0.0%

  • Total voters
    1
  • Poll closed .

kickback

New member
Oct 4, 2007
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The global economic meltdown has started and there are cracks in the economy already. Used BMWs and Mercedes are not selling and the prices are going down. Houses are not selling and the prices are going down. SPs are offering discounts and 'quicky' sessions...next you'll see prices come down and my guess is over the next three to six months $200 will be the new $300 and $120 will be the new $200.:nod:
 

kickback

New member
Oct 4, 2007
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The 'patch' is a hell hole and unless you're drug addicted or a boozer it's hard to last a month there.
 

Robert Upndown

You can call me Bob
Sep 23, 2011
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The global economic meltdown has started and there are cracks in the economy already. Used BMWs and Mercedes are not selling and the prices are going down. Houses are not selling and the prices are going down. SPs are offering discounts and 'quicky' sessions...next you'll see prices come down and my guess is over the next three to six months $200 will be the new $300 and $120 will be the new $200.:nod:
Is this an opinion and based on what? As far as real estate, overpriced to begin with, it was time for an adjustment. Plus they just tightened the lending regs, slowing the market after the gold rush before the new lending regs.
And you are also saying that used cars and SP's are economic indicators.
I disagree. The economy is certainly fragile, but I do not feel a meltdown is in progress or imminent.
Neither does the IMF
http://www.imf.org/external/pubs/ft/weo/2012/01/index.htm
 

Dgodus

Banned
Nov 5, 2011
856
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Here and There
Haha. I had a great time in Edmonton two years ago. I'd love to go back.
I dont know if Edm is considered the oilpatch. Which would more be Fort Mac, not sure how much farther north that is, although when you work shifts like 21 on and 7 off you've gotta go somewhere to spend the money and if it isn't home (wherever that may be) Edm is the closest city.
 

kickback

New member
Oct 4, 2007
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True this is just my opinion but I'll come back to this post in six months and eat my words if need be;)
 

CorriGuy

Member
Jul 3, 2012
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right on the line
True this is just my opinion but I'll come back to this post in six months and eat my words if need be;)
The problem with what you said is I could easily point to people saying the exact same thing six months ago. And a year ago. And two years ago.

I bought my second home - I mean I sold my original place, bought a new place - about 2 years ago on a big upswing in the Vancouver marketplace. All my friends said I had the worst timing. That the bubble was about to burst, I bought at peak, etc. Ironically I got the same speil from my Toronto friends when I bought my first home about 7 years ago. I sold my first one for a near 100% profit on the price I paid, including the mortgage costs. Now my new place is valued at around 25% more than I paid for it 2 years ago (I bought in an up and coming area in Vancouver).

Anyway I am off track here. What you typed? I could point you to places like what would dyler durden do, or to various gold and silver investment sites where people wrote almost exactly what you did, including the six month thing, a year ago, two years ago, five years ago.

2008 was the only time these people got it sort of right. And even then, smart money recovered QUICKLY.
 

kickback

New member
Oct 4, 2007
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Your 'friends' giving you market investment strategies is common in bubble markets. Anyone who has purchased a home in Vancouver is a market expert, right? Too late now to list your place if you're looking to come out ahead. Ride this storm out for 15 years if you're young and don't plan on selling anytime in the next 10 years.

My six month prediction is just that and nothing more. It is based on reading what smart economists disagree on and forming my own opinion.
 

InTheBum

Well-known member
Dec 31, 2004
3,045
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So the days of the welfare states are over????
 

Elmore

Well-known member
Sep 30, 2011
2,032
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North Shore
Canadian housing starts have been increasing since 2009, S&P 500 is at its highest since 2008 and bank of canada is planning to increase interest rates

i dont see how the economy is in a downturn again
The bank of canada is planning to increase rates?? I doubt it buddy.

The fed in the US has said that rates will stay where there are until late 2015. Rates all over the world are at record lows and everyone knows the mess in Europe has not fully played out. We will be seeing these low rates for a long time.
 

Bartdude

New member
Jul 5, 2006
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Tugela

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Oct 26, 2010
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The global economic meltdown has started and there are cracks in the economy already. Used BMWs and Mercedes are not selling and the prices are going down. Houses are not selling and the prices are going down. SPs are offering discounts and 'quicky' sessions...next you'll see prices come down and my guess is over the next three to six months $200 will be the new $300 and $120 will be the new $200.:nod:
Housing prices vastly inflated in the few years leading up to 2008, so of course they are going to come down after the bubble burst. It is not an indicator of the state of the economy, but an indicator of the availability of cheap credit.

SPs won't reduce their prices, what you will see is fewer escorts entering the market at the mid/high end, so supply/demand will stay constant. What you might see is an increase at the low end (the part time SW/craigslist types). They will still be charging what they allways charged, just there will be more of them.
 

Elmore

Well-known member
Sep 30, 2011
2,032
289
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North Shore
http://www.cbc.ca/news/business/story/2012/07/18/boc-rate.html

also these are rumours, the increased housing starts and S&P 500 index aren't, they are actual numbers
Well they obviously have to eventually increase rates but your earlier post seemed to imply that it would be sooner than 18 months from now as that link suggests. It really all depends on the global economy. Canada won't be increasing rates unless the global economy has stabilized. As I said, Europe is a mess and China is just starting to slow. We'll see if they raise rates in 2014 or later in 2015 as the US suggests they will. But either way, Canada is a long ways from raising them.
 

lenny

girls just wanna have fu
May 20, 2004
4,116
74
48
your GF's panties
SPs won`t reduce their prices, what you will see is fewer escorts entering the market at the mid/high end, so supply/demand will stay constant. What you might see is an increase at the low end (the part time SW/craigslist types). They will still be charging what they allways charged, just there will be more of them.

From a post in June:

Georgia Straight & the economy



I saw the following offerings today:

1. FS $50

2. FS $60 & 15 minutes

3. $80 (two separate ads)

In the past the lowest i had seen was $100.

Also a business in the same "adult" section claimed to have ladies from India, Mongolia, Vietnam & Japan, etc, with services of "BBBJ CIM COF GFE". I can`t recall seeing anything like that before.

What does all this say about the economics in the business these days?

(June 14-17 issue)
https://perb.cc/vbulletin/showthread.php?168920-Georgia-Straight-amp-the-economy&highlight=georgia
 
Ashley Madison
Vancouver Escorts