For what it's worth
 

http://crackshackormansion.com/

Hell, I'd be a zillionaire in Vancouver!!!

Chas

Damn. It looks like our friends north of the border are heading toward the crash of their own real estate bubble.

Location, location, location. I had a 1,200 sq ft. house in Nor. Cal that was damn near worth a million a few years ago. Not sure how bad it got beat down in the mess that has happened over the last couple of years.

Can't happen as their mortgage system would not permit it, like the link noted you would have to be making $400,000 per year to get a mortgage on it.:p

I guess. However, real estate markets can crash even in places with rational banking systems. Hopefully, such a crash there won't bring down everything else around it like it almost did here.

Thanks to the CMHC (Central Mortgage & Housing Corporation) no Canadian banks needed bailing from the derivative scam.

Just how do the people up there survive without the freedom to gamble on unproven financial instruments? Life isn't worth living without the unfettered opportunity to lose your nest egg to unregulated shysters. Damn socialists.:D

I've been saying for some time that derivatives are like side bets on a crap game. And the boys on the side are betting IOU's.

At least in a crap game if you can't cover your bets somebody is gonna slice you up with a razor instead of putting you in charge of the game.

Chas

I got 2 right on the first one and 11 right on the second...

Both of them asked me if I wanted to install flash which I dont know why since I have flash! (I clicked NO on both)

Its hard to tell whats a crack house and what isnt!!