Rivers vanish during earthquakes - and what do these people do for a living?

Today, I was reading about a river that vanished overnight. Costa Rican earthquake. Not the first time this kind of weird stuff has happened, either.


Then, something as weird occurred to me.


I live in a City where the average house is 14 times the average wage *depending on whom you ask, or, gulp, believe - and there are virtually no big industries here. Yes, there are Mining Company headquarters because of the Casino in Junior Stocks. Yes we ship stuff, and we have tourists on the Cruise ships (*because of the stupid 2 flag law in the States - don't start me on that). 


Yet people cruise this burg like Rockefeller. The Jags and Porsches. How do people afford iron like that?
Here's a dirty secret - most of them can't.
The HELOC and LOC has killed a lot of home flippers and ne'er do wells, here in Vancouver, just like it has happened in the States. They just don't realize it yet.


Borrow big on record low rates. Bid up junk High rise stuff and flip it - don 't work - get a shell company, you will make a fortune. Sure.
Chickens are coming home to roost.

30 Reasons To Get Out Of Real Estate And Into REAL Assets

“You can fool some of the people some of the time, but not all of the people all of the time.” –Abraham Lincoln

We are in a major paradigm shift that like a tsunami starts slowly and ends with the landscape wiped clean.The paradigm shift is from paper assets to real tangible assets. This shift happens every generation or so,where one asset class dramatically outperforms the other.

THIRTY REASONS TO GET OUT OF REAL ESTATE AND INTO REAL ASSETS.

House - go ahead - BUY and CRY > USA?

On June 3, Standard and Poor’s issued the latest update to its Case-Shiller Home Price series.

The press release begins, “Data through March 2011 ... show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1% versus the first quarter of 2010.”

Then comes the key statement: “Nationally, home prices are back to their mid-2002 levels.”

From :
Casey Reasearch

Uber Editor: 


Vancouver, Toronto and some place in OZ and China will crash like The Sunday News of the World.

Debt is empowering?

Here in Canada - some facts on money made me cringe.

Average credit card debt - $26,000.

Youngsters saying they feel 'empowered' by the amount of debt they carry. Quoi?

RE is the way to get rich, without working. Huh>?

Debt kills. Trouble is, there is such as a thing called "Generational Myopia" - every 20 years or so, people forget about busts.

Vancouver crashed hard in 1980. It is crashing across the Country now - but no one is talking about it...instead people think that RE is the way to get rich.

NOPE.

Never put all your assets in an illiquid asset - DOH!

The Housing Crisis comes to Canada

I could spend hours talking about how crazy I think RE is, here in Vancouver.

Today the April House starts came out, and they have crashed.

Shacks are selling for a few million.

Jobs? What jobs?

This housing collapse is going to be one for the ages.