Monday, May 6, 2013

The Kracken...

Below the thunders of the upper deep;
  Far, far beneath in the abysmal sea,
  His antient, dreamless, uninvaded sleep
  The Kraken sleepeth: faintest sunlights flee
  About his shadowy sides: above him swell
  Huge sponges of millennial growth and height;
  And far away into the sickly light,
  From many a wondrous grot and secret cell
  Unnumber'd and enormous polypi
  Winnow with giant arms the slumbering green.
  There hath he lain for ages and will lie
  Battening upon huge seaworms in his sleep,
  Until the latter fire shall heat the deep;
  Then once by man and angels to be seen,
  In roaring he shall rise and on the surface die.

By Alfred Tennyson

Our own Kraken is near the surface too. Having brought our country untold Hundreds of Billions of liabilities and debt it is nearing the end of it's destructive life. The CMHC is very near it's limit. 

 Also we have a new Chairman, a banker who ran the only major New York bank that was not part of the we-will-gamble-with-your-money-now-bail-us-out. Let us hope he pulls tight on the reins of this monster. 

Things are a-changing for the Kracken Monster.


  1. numbers...nice!

    453 new
    217 price change
    158 sold

    7519 detached
    9137 attached

  2. numbers

    496 new
    214 price change
    197 sold

    7559 detached
    9154 attached

  3. The market continues to be weak, but not a disaster. Then again, you should be nervous if you were a 5% down buyer who purchased at peak pricing. However, most of them won't know that they are in trouble until it is too late, possibly at refinance time.

    1. Two things are for certain. At least we are going down, which beats going up. A quick drop would frighten every half-wit politician into doing something, like unleashing the Kracken again!

  4. Fish,

    Why is that guy on RE Talks such an a**hole? Whipmaster?

    1. I dont go on RET. A battle between landlords worried about their cash-flow negative properties and worried wannabe owners. What do you expect with such a combo...pleasantries?

  5. I thought that was you posting as Fish Guy? Then a-hole Whipmaster was really rude to you/him? He's like a hate baiter. So that's not you?

    LOL. The way you describe it sums it up pretty well.

  6. 468 new
    206 price change
    272 sold

    7563 detached
    9178 attached

  7. Sorry they are late


    531 new
    207 price change
    235 sold

    7605 detached
    9207 attached