Hi Greg all my posts are blocked on youtube so i will post my comments here from now on ...
The housing and land situation in Canada ...
90% of the land mass of Canada is held as Crown land here in BC its 95% leaving 5% for the people, of the 5% here that includes agricultural and industry, so its more like less than 1% of the landmass of Canada is available for the population to use as living area. As the housing crisis continues. And land values rise beyond a lifetime of labour to pay for a postage stamp size piece of land ...with more regulations bylaws and taxes than you can even keep track of, it boggles the mind why prices for land are so ridiculous ...
Canada is huge ........
Covering 9,984,670 km2 or 3,855,100 sq mi (land: 9,093,507 km2 or 3,511,023 sq mi; freshwater: 891,163 km2 or 344,080 sq mi), Canada is slightly less than three-fifths as large as Russia and slightly smaller than Europe. In total area, Canada is slightly larger than both the U.S. and China; however, Canada ranks fourth in land area .
And we cannot provide any land or a place for the homeless ....
At least 200,000 Canadians experience homelessness in any given year.
At least 150,000 Canadians a year use a homeless shelter at some point.
At least 30,000 Canadians are homeless on any given night.
At least 50,000 Canadians are part of the "hidden homeless" on any given night — staying with friends or relatives on a temporary basis as they have nowhere else to go.
There is no land or resource shortage for people to live on and build homes from...
Just Bank greed backed by government support. And enforced by the police...
This is beyond ones comprehension that a small piece of Canada cannot be used for our homeless and less fortunate ...
Criminal is the only word that comes to mind .....
From the sheer numbers you are propably right. However, from what I heard about Canada, the biggest part is land where nobody wants to live. Except for caribous and polar bears perhaps.
And even in the southern regions, its not enough to just provide empty land. People need jobs, infrastructure and all that. I wonder how many of the homeless (or people struggling with housing cost) in the cities are willing to move into the countryside.
On the other hand, I agree of course that the housing prices in the cities have gone totally mad. And the Vancouver region is among the worst in this from what I heard, due to speculation of foreign investors mainly.
But as Greg says, this market will correct - may be even in the near future. Then those investors will make huge losses, and the prices go back to a reasoble level again.
There is a lot of places everyone would love to live on the 90% of the unoccupied lands Its not all tundra lol
Beautiful rivers oceans forest everywhere ...yes the north is harsh but still quite beautiful... I know no one who would turn down any land anywhere.. People dont need jobs as there is few anyway ....if they have land and are self sufficent ....This thought you cannot survive without a job only exsists beacuse we have no land to live from ... And here you could be self sufficent ... And most I know would rather have that over a job any day .
And no I will never see this from a city point of view .I am a country boy..
We had a large Amish community in the area that I grew up in ... Now thats self sufficent ...Even a huge horse hitch at the back of the local Canadian Tire Store to this day..
Just to add a note to this I work with the disabled and the local homeless shelter from time to time and was given a call last night to help a homeless person move his stuff as the police where chasing them from the camp they setup in the bush ..... Its a sad sad situation here for way to many people ... And being homeless in Canada in the winter is not something I would advise anyone to try ....
Wow... You make more money, upvoting your own comment,
then I make on about 5 or 6 of my Posts... lol...
It was a nice comment, by the way... @pocketechange
Housing demand crashing with tons of inventory? Yeah, sure does sound familiar. I think we have some severe deflation coming in the housing market. I'm quite shocked we haven't seen 40 and 50 year mortgage products yet to make sure the debt parade keeps on going.
I totally agree. Steemit and minds.com will grow exponentially while fb, youtube, twitter, etc will wither pc policing and censoring communication. Remember Friendster and Myspace?
There isn't a small enough consortium of morons on the planet who think the penny will become the world's standard for pricing oil...like there is with bitcoin.
Been telling people about this housing bubble for about a year, just watching the forclosures in every market, is high. I'm seeing houses for sale post reduced prices, it's happening.
But again, as with Greg's "rant" yesterday about Afghanistan, Greg calls today's new home sales report "actionable." So far I have not seen one "suggestion" on how to play the Afghanistan war or the housing bubble. Let's "hope" doesn't come on and say "I'm making a killing!" concerning any "behind the scenes" trades he makes. People who do that are the worst of the worst. I have no problem with Greg "ranting" and "raving" but unless he shows us how his rants are "actionable"...it ainn nothing but bullcrap.
Truth to power spoken here, thank you Greg. Am trying to switch over to Steemit now to watch all videos as you guys need support for the work you do....UPVOTED
In my market housing prices range from under a $100 square foot to $200 square feet on the same road and neighborhood. Which means no one knows the price that can be paid for a house. The finance market is out of whack and sellers are seeing what can be financed.
So I should refinance now instead of later to take advantage of the crazy jump in equity I've had in just two years ownership? Planning to live here or at least rent this home out for a long time to come.
Okay Manny... I've officially created a Steem It account after your last YouTube video, warning that you are leaving. Good for you. Wicked censorship by Google and Facebook and other criminal organizations. Shame on those Joseph Goebbels' propaganda machines.
I live in Belgium, here house prices havent had a correction since the seventies, it is insane... At these prices I don't think my kids will ever have the opportunity to own a house, unless they get a huge input from my side. And still our government keeps promoting multiple house ownership by not taxing rent profits, tax-deductions if you buy a second home...
I don't what to expect
Anways, i'm naked in the tech sector right now reduced my holding by about 50% due to the week ending (for me personally) but here they are: NVDA AMD VEEV AMAT AAPL and ETFs TECL
Theyve done well since i bought half last friday
This post has been ranked within the top 25 most undervalued posts in the second half of Aug 23. We estimate that this post is undervalued by $26.75 as compared to a scenario in which every voter had an equal say.
This time it stares one in the face with bells and whistles attached. The old cowboy movie had it right: "truth is hard to swallow but if one can keep it down it'll do'm some good."
Hi Greg, Ive followed you on you tube for a year or so. Always look forward to your videos. I actually just started a Steemit account recently. Just getting the hang of it. Glad to see you on here!
Hi Greg all my posts are blocked on youtube so i will post my comments here from now on ...
The housing and land situation in Canada ...
90% of the land mass of Canada is held as Crown land here in BC its 95% leaving 5% for the people, of the 5% here that includes agricultural and industry, so its more like less than 1% of the landmass of Canada is available for the population to use as living area. As the housing crisis continues. And land values rise beyond a lifetime of labour to pay for a postage stamp size piece of land ...with more regulations bylaws and taxes than you can even keep track of, it boggles the mind why prices for land are so ridiculous ...
Canada is huge ........
Covering 9,984,670 km2 or 3,855,100 sq mi (land: 9,093,507 km2 or 3,511,023 sq mi; freshwater: 891,163 km2 or 344,080 sq mi), Canada is slightly less than three-fifths as large as Russia and slightly smaller than Europe. In total area, Canada is slightly larger than both the U.S. and China; however, Canada ranks fourth in land area .
And we cannot provide any land or a place for the homeless ....
At least 200,000 Canadians experience homelessness in any given year.
At least 150,000 Canadians a year use a homeless shelter at some point.
At least 30,000 Canadians are homeless on any given night.
At least 50,000 Canadians are part of the "hidden homeless" on any given night — staying with friends or relatives on a temporary basis as they have nowhere else to go.
There is no land or resource shortage for people to live on and build homes from...
Just Bank greed backed by government support. And enforced by the police...
This is beyond ones comprehension that a small piece of Canada cannot be used for our homeless and less fortunate ...
Criminal is the only word that comes to mind .....
From the sheer numbers you are propably right. However, from what I heard about Canada, the biggest part is land where nobody wants to live. Except for caribous and polar bears perhaps.
And even in the southern regions, its not enough to just provide empty land. People need jobs, infrastructure and all that. I wonder how many of the homeless (or people struggling with housing cost) in the cities are willing to move into the countryside.
On the other hand, I agree of course that the housing prices in the cities have gone totally mad. And the Vancouver region is among the worst in this from what I heard, due to speculation of foreign investors mainly.
But as Greg says, this market will correct - may be even in the near future. Then those investors will make huge losses, and the prices go back to a reasoble level again.
There is a lot of places everyone would love to live on the 90% of the unoccupied lands Its not all tundra lol
Beautiful rivers oceans forest everywhere ...yes the north is harsh but still quite beautiful... I know no one who would turn down any land anywhere.. People dont need jobs as there is few anyway ....if they have land and are self sufficent ....This thought you cannot survive without a job only exsists beacuse we have no land to live from ... And here you could be self sufficent ... And most I know would rather have that over a job any day .
And no I will never see this from a city point of view .I am a country boy..
We had a large Amish community in the area that I grew up in ... Now thats self sufficent ...Even a huge horse hitch at the back of the local Canadian Tire Store to this day..
Just to add a note to this I work with the disabled and the local homeless shelter from time to time and was given a call last night to help a homeless person move his stuff as the police where chasing them from the camp they setup in the bush ..... Its a sad sad situation here for way to many people ... And being homeless in Canada in the winter is not something I would advise anyone to try ....
Where in Canada do you live brian?
Vancouver Island ...
But have lived from one side to the other over the years ..was driving truck for a while so I have covered most of the country ...
If your ever coming into Vancouver? let me know we can hook up.
I want to get a Vancouver Steemit Meet n Greet happening?
That might be interesting .. A Local steem club or somthing ..
Great info! Thanks
Too true. Have the same thoughts.
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STOPHi Greg, people have been moving to Dtube because of censor, works better with steemit also
Wow... You make more money, upvoting your own comment,
then I make on about 5 or 6 of my Posts... lol...
It was a nice comment, by the way...
@pocketechange
lol, i invested some steempower, i shared some with you
meep
Wow... That was kind of you...
@pocketechange
Housing demand crashing with tons of inventory? Yeah, sure does sound familiar. I think we have some severe deflation coming in the housing market. I'm quite shocked we haven't seen 40 and 50 year mortgage products yet to make sure the debt parade keeps on going.
Forget the rest Steemit will do and by the way I like a good rant myself, cheers mike
i like every post
Yes, I watch as much stuff, on Steemit, as I can.
Awesome video Greg, thanks for sharing your knowledge with us and keeping us informed.
It seems as tho all of the channels i watch on youtube are getting censored now.. lets get EVERYONE on steemit!
I totally agree. Steemit and minds.com will grow exponentially while fb, youtube, twitter, etc will wither pc policing and censoring communication. Remember Friendster and Myspace?
Thanks for all the hard work for us Greg. Keep ripping the face of this market!!!
I think this will be going on and on and on.... every few years (10y max). Bankers have big profits, and they do not care
I have a Theory how to pay off the National Debt...
@pocketechange
So Greg, let me see if I get this straight, you're saying to sell the tulip bulbs?
I think Greg was still "shooting" for Bitcoin $5K even as it traded at Bitcoin $4900. So no! HODL the tulip bulbs. :-)
And joe is getting SToMPed by BABA and WTW and getting his twig SNAPed too. Did I miss any joeonlyjoe? SLV?
If BitCoin can go to $5,000, then why can't a Penny go to a Dollar...???
@pocketechange
There isn't a small enough consortium of morons on the planet who think the penny will become the world's standard for pricing oil...like there is with bitcoin.
Don't forget... A Hundred Pennies will make a NEW DOLLAR...
@pocketechange
I'll check back with you during the next solar eclipse to see how you are doing with that. :-)
That was a pretty interesting comment... lol...
@pocketechange
sir ji, great video, post marketreport
I miss the traderschoice page ("not found") where Gregory posted his calls and puts. Can anyone tell me whether it has moved somewhere?
luckily I have my own central bank
Me too... I call it my Piggy Bank... lol...
Actually, I have a great Theory to read
if you come visit some of my Posts...
@pocketechange
Thanks Gregory!
Been telling people about this housing bubble for about a year, just watching the forclosures in every market, is high. I'm seeing houses for sale post reduced prices, it's happening.
House bubble. POP... back to fair value
But again, as with Greg's "rant" yesterday about Afghanistan, Greg calls today's new home sales report "actionable." So far I have not seen one "suggestion" on how to play the Afghanistan war or the housing bubble. Let's "hope" doesn't come on and say "I'm making a killing!" concerning any "behind the scenes" trades he makes. People who do that are the worst of the worst. I have no problem with Greg "ranting" and "raving" but unless he shows us how his rants are "actionable"...it ainn nothing but bullcrap.
I stopped following on you tube,and started to follow you on steam ever since you first recommended it. Thanks for your great work.
Thanks for another great post Gregory.
Use DTube from now on! YouTube sucks!
So home purchasing are increasing but i read in news paper that many us citizens are moving to offgrid life.
Truth to power spoken here, thank you Greg. Am trying to switch over to Steemit now to watch all videos as you guys need support for the work you do....UPVOTED
Great stuff once again. You are spot on!
In my market housing prices range from under a $100 square foot to $200 square feet on the same road and neighborhood. Which means no one knows the price that can be paid for a house. The finance market is out of whack and sellers are seeing what can be financed.
So I should refinance now instead of later to take advantage of the crazy jump in equity I've had in just two years ownership? Planning to live here or at least rent this home out for a long time to come.
He Greg if you are having trouble with Youtube consider Dtube as an option. - Good vid. - Troy
So Greg, let me see if I get this straight, you're saying to sell the tulip bulbs?
Never put words in Gregory's mouth...
@pocketechange
Okay Manny... I've officially created a Steem It account after your last YouTube video, warning that you are leaving. Good for you. Wicked censorship by Google and Facebook and other criminal organizations. Shame on those Joseph Goebbels' propaganda machines.
We are with you Greg! F&$^ck utube
I live in Belgium, here house prices havent had a correction since the seventies, it is insane... At these prices I don't think my kids will ever have the opportunity to own a house, unless they get a huge input from my side. And still our government keeps promoting multiple house ownership by not taxing rent profits, tax-deductions if you buy a second home...
I don't what to expect
This has been inevitable ..
So is the Revaluation of Common Coinage...
@pocketechange
You're safe here Greg!
Anways, i'm naked in the tech sector right now reduced my holding by about 50% due to the week ending (for me personally) but here they are: NVDA AMD VEEV AMAT AAPL and ETFs TECL
Theyve done well since i bought half last friday
Youtube is gonna suck when all the good content creators leave.
miss your stock picks. whattzup???
This post has been ranked within the top 25 most undervalued posts in the second half of Aug 23. We estimate that this post is undervalued by $26.75 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 23 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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thank you
upvote
This time it stares one in the face with bells and whistles attached. The old cowboy movie had it right: "truth is hard to swallow but if one can keep it down it'll do'm some good."
Hi Greg, Ive followed you on you tube for a year or so. Always look forward to your videos. I actually just started a Steemit account recently. Just getting the hang of it. Glad to see you on here!