I know who "them" are.





















These are Them.










But seriously, I have over $1MM in housing market assets, and about 5 grand in other investments.

Would you consider me overweight in real estate?

No not at all, keep on investing, ignore the data and spend spend spend

Slipmatwax - just because a fund is a 'private equity' fund, doesn't mean that it's "private". Those companies you listed are public companies. And then you said the bin ladens et al are having troubles.

And I'm saying no they're not. Those funds are created publically to take other peoples money OPM. The parent is fine. ie. contrary to what you said, the bin laden's et al are not having problems.

Thanks for coming out.

And the Canadian market is plugging right along. If anything CMHC/Genworth may take a hit, sheltering the lenders here.

Even though there is not too much sub prime going on here. Man, if some of the sub prime lenders with Canadian dealings go under for their uninsured numbers, the market may just cool a bit, allowing for more people to get into the market, bumping out the deadweight/deadbeat borrowers.

I can see it happening with the self employed borrowers. Lenders and insurers in Canada got very loosy goosy with allowing "stated income" for self employed borrowers. But at least they needed strong credit to take advantage of unverified/stated income mortgage products.

Who knows, we'll see. I just closed on another property @ $535K. Whats the difference between going Banko for $1MM or $2MM?

Nothing.

What other investment can you take advantage of a 10% gain on $1MM that wasn't your investment to begin with?

5% increase in interest rate, you think this is realistic?

real estate investment is in a bubble, isn't that obvious to any of you? Bassfreak, how many can afford the houses you are selling without bubble equity from their previous home? how many can afford any house with a 25% down payment and no previous equity?

of course there is money to be made - Wall Street is proving that - Stock Market looses 10% of its value and the FED pump another $100 billion in to bail out the sorry sacks of shiit who made a fortune off of selling crappy Mortgages, derivatives and CDO's to poor and greedy people.

Money can be made in commodities but only when using strong foreign currency which is not under the same devaluation pressure as the US$ and the CDN$. Take the lead from the best, Jim Rogers - move to China, buy Swiss currency and gold and silver - a good hedge from what is going on throughout the West and middle east

This thread is dying faster than the 2008 Canucks.

Bassfreak - at 2700 + posts it's got staying power - stay tuned

Well, every market fluctuates. Every economist and arm chair market guru is right at least half the time.

The longer you say the market is going to crash, the better chance you have at being right.

Even a blind dog finds a bone.

Its all about how you are set up to sustain the fluctuations. Many are leveraged to the nuts. Too bad.

Well it would appear so far slipwax, your wonderful predications about the 'house of cards' collapsing at the start of this year have failed miserably.

The correction as I said before the year started is underway and we are in no way worried about the volatility in the market place. A well structured and diversified portfolio is still performing well even though some markets have been (as expected) hit reasonably hard.

This event is far less severe than previous events.

As for the recession comment, you are showing your lack of understanding (yet again) as a lot of markets have historically performed well in recessions and investors have seen significant gains during those periods. However as per normal, you fail to grasp the reality because you're knowledge/understanding is at school boy level.

Take one look at the worlds most famous and successful investor to see what he is doing right now. However if he listened to slipwax he would be doing the exact opposite, says something don't you think?