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.
numbers...nice!
ReplyDelete453 new
217 price change
158 sold
7519 detached
9137 attached
numbers
ReplyDelete496 new
214 price change
197 sold
7559 detached
9154 attached
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.
ReplyDeleteTwo 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!
DeleteFish,
ReplyDeleteWhy is that guy on RE Talks such an a**hole? Whipmaster?
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?
DeleteI 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?
ReplyDeleteLOL. The way you describe it sums it up pretty well.
468 new
ReplyDelete206 price change
272 sold
7563 detached
9178 attached
Sorry they are late
ReplyDeletenumbers
531 new
207 price change
235 sold
7605 detached
9207 attached