Salacious Bubbles
Posted December 30th, 2009 in Real Estate, Sharing the Experience | 
24 hrs Before the New Year

It seems appropriate to catch your attention a day before you go to discover salacious mysteries that present themselves with the arrival of 2010.
Feeling warm and fuzzy about your New Year prospects? Consider then these sobering thoughts from 2009. Suspect is that they will be like frosty cubes that chillingly crush your 2010 anticipatory bubble.
2009 Cubes of Wisdom
- China Property Bubble May Lead to U.S.-Style Real Estate Slump
- Bankers Get $4 Trillion
- World Credit Market Shrinks First Time in 15 Years
- Higher Down Payment Sidelines First-Time Home Buyers
- Treasuries Set for Worst Year Since 1978
- Japan Air Plunges to Record on Bankruptcy Speculation
- Housing bubble threatens China’s boom
Feel that Seattle Chill?
Commercial real-estate market suffered in 2009; more of the same forecast for 2010
Face to Face
Like many, you may tempt fate and seek to unravel those first moment mysteries of 2010. Champagne on hand may enhance your surprise in finding such mysteries are like bubbles when encountered face to face – often they are, not what you anticipate.
Whimsical, such bubbles will for the duration of those first moments, intoxicate your thoughts as you battle with the line between A and B on an ever moving spherical plain – leaving you flat in exasperation.
Compounded it becomes, for on this eve the NEW CELL PHONE BAN takes effect precluding you from calling buddies to top you up with more 2010 Bubbly.
Thinking of Buying or Selling your Vancouver home? Put on a cup of coffee and let’s talk.
*Many Hat Tips to Mr. Rippon

My broker had an awesome comment on raising the downpayment:
Its only going to limit housing to those from wealthy families, since the majority of new buyers have part/all of the downpayment gifted to them.
Flaherty would be much better served to adjust the TDS/GDS ratios – did you know you can get a 46/47% TDS ratio with good credit (>700), and unlimited GDS with a credit score of only 680! It used to be 40% TDS, 32% GDS with no exceptions.
The comments from the Banks and Builders are hilarious – of course these measures will limit new home buyers – what did they expect? that 100% of Canadians should own a house? they are starting to see the fallout of eating into future sales by allowing first time buyers to buy sooner than they could normally afford.
The 2009 cubes of wisdom is an applicable article useful amongst realtors for 2010.