Let the Whines begin ...

[Realitycheck]

I pretty much agree with you and Uts has his head somewhere dark and odoriferous with his unfounded theory.

Victoria, and the Island up as far as Cambell River has already been "discovered". As prices here extend beyond some folks reach, they merely look in Mill Bay or Duncan where there is about 100k diffeence in prices for the same house. As many of these buyers as retired, they don't need a major urban centre to live in and even then Victoria is only 20 to 30 minutes away.

Say, didn't you just get a lucrative new contract out there in the boonies? Economy must be fair good the huh?

Besides, surely you don't expect a small community to enjoy the same degree of activity as a major urban centre?

If you are not happy with things there, move.

[Cpl_Brown]

Originally Posted by Realitycheck

I pretty much agree with you and Uts has his head somewhere dark and odoriferous with his unfounded theory.

Victoria, and the Island up as far as Cambell River has already been "discovered". As prices here extend beyond some folks reach, they merely look in Mill Bay or Duncan where there is about 100k diffeence in prices for the same house. As many of these buyers as retired, they don't need a major urban centre to live in and even then Victoria is only 20 to 30 minutes away.

Say, didn't you just get a lucrative new contract out there in the boonies? Economy must be fair good the huh?

Besides, surely you don't expect a small community to enjoy the same degree of activity as a major urban centre?



If you are not happy with things there, move.

I hope you stay in Victoria! There is no room for reckless hunters in this Valley!

[Realitycheck]

I am a crack shot and have the medals to prove it.

But I don't need to prove my manhood by slaughtering defenceless animals.

[jlk]

Originally Posted by XtremeJavaBean

Not only that, but housing prices have been steadily increasing everywhere over the last few years, not just Victoria -- and in fact, not even just BC. The Olympics have nothing to do with it. Low interest rates, consumer confidence, low unemployment, a strong economy...those are some of the factors which drive real estate trends.

Finally a sane voice on the topic.

JK

[JenniferR]

Originally Posted by Realitycheck

I am a crack shot and have the medals to prove it.

But I don't need to prove my manhood by slaughtering defenceless animals.

I would tend to believe you more if you had used the word "user" instead of "shot" after crack!!!

About the second sentence - good for you RC!!! Anyone who thinks like that could not be all bad!!!!

[utsamad]

1) Being this is a Vancouver/Whistler event not a British Columbia/Canada event

That is like saying Teck Cominco is Strictly a Trail Event and is of no economic Benefit to Canada or BC.

Let me ask you a Question Here Bum

Have you ever Travelled anywhere in your Life.?............In other words have you ever spent your money in places other than the Community in which you live???

I would guess the answer to be Yes To that Question..............but even if not it doesnt matter because Most people have at some point if not on a regular basis spent money in other parts of the Country as well aas other parts of the world.

I don't believe that, the Economic Activity is open ended

..

You bet its open ended

Heres how it works Bum.

The Money you make at Teck Cominco makes its way into other parts of the Economy when you spend it even if you never leave your Town.

A..........When you buy Domestic Vehicle..............Suddenly Teck Cominco supports the Ontario Economy.

B..........If you buy a Japanese Car....................Suddenly Teck Cominco supports the Japanese economy

C...........You invest your savings in Mutual Funds.................Suddenly Teck Cominco becomes an economic Generator For a Financial Institution in Ontario.

D...........You Go on a Carribean Cruise.....................Suddenly Teck Cominco supports a Foreign Cruise Line.

E...........Even when you buy your Groceries in your home town and the owner and or Employees spend their income elsewhere then You .........through Teck Cominco and ultimately through the Grocery chain that you support .....................are supporting other areas of the Country or GLOBE.


The List is Endless

There is NO SUCH THING AS AN ECONOMIC ACTIVITY THAT REMAINS CONFINED TO ONE AREA OR ENTITY EVER.

While the INITIAL ECONOMIC ACTIVITY TAKES PLACE IN WHISTLER..........................IT IS NOT REPEAT NOT A WHISTLER ONLY ACTIVITY.

It does not matter who makes the INITIAL MONEY.

In the exact same way as in the above example I gave ...............the economic activity makes its way around the Province................the Country....................and the Entire World

Ohh............and while were on the Subject of Cost.

The Gun registry was a Stupid Idea................But it Didnt cost the Country ONE RED CENT.................YUP NOT ONE RED CENT.

ALL THE MONEY IS STILL IN THE COUNTRY.

All that has happened is Simple Economic Circulation.

THINK iM FULL OF IT?..................You tell me where it went.

[OPINIONATED]

Tell me Utts - what benefits will we on Vancouver Isalnd get from Olympics - other than paying the over-runs ?

With some source to base your unbridled info.

[utsamad]

Originally Posted by OPINIONATED

Tell me Utts - what benefits will we on Vancouver Isalnd get from Olympics - other than paying the over-runs ?

.

Cant Itemize it for ya .........but heres some possibilities.

The same way that Vancouver Island Can benefit from the Economic activity in TRAIL THROUGH TECK COMINCO by exactly the same means as in my example.

With some source to base your unbridled info

If you cant see the Common sense ..............there is no source on the face of this earth that would make any difference.

Take a step back for a second

Think about all the things you have Purchased in your Life time.

Each and every one of those purchases was a direct support for some other sector of the Economy.Is that so hard to understand.

People in Whistler Dont eat the money...............and they dont Hoard it either.If they take it as personal income they get nailed with Taxes.......one form of Economic Circulation.

If they Invest the money..........they defer taxes alright............but they have put the money back into Circulation............CREATING EMPLOYMENT.

Use a little imagination.

[OPINIONATED]

Utts anyone in Whistler or anywhere else making the 'money' you say dont hoard it - on what do you base this ?
How do you know its not all invest offshore in the Cayman Islands ?

Youve told me nothing - you can point to no benefits for Rural B.C. from the Olympics - we just get to pay the over-runs for those 2 weeks in the snow - it it doesnt rain.

As the Liberals destroy small business even bearing the name Olympics, or having Circles on their buildings, I mean really Utts.

Thats a Liberal way for you.

[utsamad]

Utts anyone in Whistler or anywhere else making the 'money' you say dont hoard it - on what do you base this ?

Hoarding it........meaning keeping it for Personal Income........means high Income Taxes...........thus full circle back into the Economy.

How do you know its not all invest offshore in the Cayman Islands ?

I dont............Nor Do I care.This is what makes the World Tick.By the same Token Foreign Money is invested Here...........Two way Street

Canada has a Trade Surplus................That means more Money is inflowing than Outflowing.

The Whole point of the Matter is that it simply is not true that Any type of Economic Activity wether Olympics or other is Limited to Specific Boundaries.

[XtremeJavaBean]

Originally Posted by Realitycheck

In fact here in Victoria last year alone, there were several properties which sold for 80 to 100 k over asking price. These were NOT multi-million dollar waterfont estates either. As a rule, that sort of property always sells much below the asking price and usually after as much as a year or more on the market.

But, I must disagree about the "bubble". It is not a bubble, at least not on Vancouver Island. It is a trend and one forecast to continue for the forseeable future. Interest rates are not expected to top 6% this year and that is still cheap money. Then, rates are expected to fall again in '07.

For all the reasons mentioned earlier by Beans and myself, the real estate market here is expected to continue to grow for quite some time. Construction here booming, I am surprised Trip hasn't a project going here. There are 5 condo buildings just built or building in the downtown alone. Yesterday I went to an unvelining of yet another one with possession set in 2007-very high end, first phase already sold out and the first shovel not yet in the ground.

The only impediment is trades. However, with the Carpenters here now working with the developers, instead of against them, things should smooth out some.

Points well taken, although I am more skeptical than you seem to be, and I do believe that nothing lasts forever, including the real estate boom. It's cylical (as are most economic indicators).

I pity the fools who are going to find themselves holding a deed to a grossly over-valued home down the road.

I can also foresee a time when the skills shortage will turned on its head and there will be a glut in the workforce. Right now, BC needs some 20,000 construction workers according to the news. It's a guranteed gold mine for anyone entering the trade and looking for work -- but again, nothing is going to last forever.

The key to survival for anyone entering the labor force today is be diversified and not put all their eggs in one basket. Either that or be highly specialized and free from cheap, overseas competition and the brutal forces of cylical market trends.

I have to wonder how much the skills shortage alone is driving up the cost of construction, which includes the Olympics. It's not just the price of finished materials which is having an impact.

VANCOUVER, B.C. --Crane operators aloft in the mist above this booming city compare wages by cell phone, ready to bolt for higher pay. In the muck below, construction superintendent Clint Schleper struggles to retain carpenters who frame housing units already sold for record prices...

...A dearth of architects and engineers also is delaying projects. Escalating costs from labor shortages forced a developer to cancel construction of an upscale condo development in downtown Victoria last month, even though almost all the units had sold.

Canadian builders are recruiting as far away as Europe. U.S. citizens can apply to enter Canada for work, immigration officials say. But contractors note that Katrina reconstruction already has sent U.S. tradespeople south.

http://www.reedconstructiondata.ca/i...mlId=354089418

Enjoy the boom times, but with a cautious eye to the future. And the younger ones just getting into the game would do well to learn a second trade somewhere along the line.

[OPINIONATED]

You notice no one is helping you out with my questions Utts ?

Originally Posted by utsamad

Hoarding it........meaning keeping it for Personal Income........means high Income Taxes...........thus full circle back into the Economy.



I dont............Nor Do I care.This is what makes the World Tick.By the same Token Foreign Money is invested Here...........Two way Street

Canada has a Trade Surplus................That means more Money is inflowing than Outflowing.

The Whole point of the Matter is that it simply is not true that Any type of Economic Activity wether Olympics or other is Limited to Specific Boundaries.

[utsamad]

Originally Posted by OPINIONATED

You notice no one is helping you out with my questions Utts ?

I dont need any Help.

Do you have anything intelligent to offer??

[Realitycheck]

Beans, however, a look at the 30 year trend in Victoria at least, shows a steady increase in house prices.

That is SOME bubble.

At least one project has been cancelled and downsized here and the labouyr shortage has been blamed for it. Another is threatened. However the developer also has a historu of doing this sort of thing, wo se don't know for certain.

Chins is also a factor, they have a huge demand for structural steel for instance and this is definitely driving up the cost of that material. Trip is in the business, he could likely fill us in on what other materials are also affected.

[OPINIONATED]

Well some answers to the question - would help YOUR case Utts.

Repeat

Whats the benefit from Olympics to Vancouver Island - as well all other areas in B.C. ?

Think Utts - think.

Originally Posted by utsamad

I dont need any Help.

Do you have anything intelligent to offer??

[Mr. Bum]

RC ,,, what's this project you talk about .. fill me in ..

Ut's ... I hate to be the messenger of bad news Ut's ... every Company hord's their investments.. our company made a wopping 3.1 Billion dollars in cash revenue ... did you see any of it ... I sure didn't ... Don't be fooled ut's .. money talks in Business... and it won't be for our/your benefit ....

[Trip]

Originally Posted by Mr. Bum

RC ,,, what's this project you talk about .. fill me in ..

Ut's ... I hate to be the messenger of bad news Ut's ... every Company hord's their investments.. our company made a wopping 3.1 Billion dollars in cash revenue ... did you see any of it ... I sure didn't ... Don't be fooled ut's .. money talks in Business... and it won't be for our/your benefit ....

3.1 billion in revenue. That does not equate to profit, Bum. As a matter of fact, you DID see some of that revenue...in your paycheques every week.

Regarding company profits...well, considering how you guys didn't give a sh*t about the losses the company took during the rough times, why should they care about you now? They need to get their retained earnings restored in order to be able to weather the next downturn when it come...because again, when it does come, you won't give a sh*t.

[Realitycheck]

It was a condo developement downtown next to Swam's Pub and hotel. Called Bambu, it was about 70% sold if I recall correctly. Article in the Times Colonic a couple of weeks back.

Developer claimed lack of avilability of trades and rising cost of materials forced him to downsize, but he sold it to the guy who owns Market Square instead. Folks are getting their deposit money back.

[utsamad]

Originally Posted by Mr. Bum

RC ,,, what's this project you talk about .. fill me in ..

You are Wrong Bum.............No Company Hords their investments.What they Do not use for Wages Personal Income and Operating Expenses is RE INVESTED SOMEWHERE EITHER IN EXPANSION OR OTHERWISE.

It matters nothing where the Money is invested...........IT IS A GUARANTEE that those profits are reinvested in the Economy..................ALWAYS BUM ALWAYS..........................NEVER HORDED.

tHE MOMENT MONEY IS SPENT IT BEGINS AN ENDLESS CYCLE.

I DONT KNOW BUM..............Money from Teck Cominco is not Identifiable......It looks the same as any other.

Maybe the owner of the Grocery store where you buy your Groceries with the Cheque you get from Cominco came to the Lower Mainland one day and went out and Bought himself a Brand New Vehicle.

He Paid the Car Dealer with the Money he got from you ..........which you got from Teck Cominco.

Now suddenly the Car Dealer is a BENEFICIARY OF Cominco...........see where Im Headed.

The Car Dealer Calls Uts and says he needs a Fire Place Surround.

Suddenly Uts is a Beneficiary of Teck Cominco.

Uts Goes and buys Power tools with the Money from the Car Dealer that was paid for the Mantle.

Suddenly KMS TOOLS IS A BENEFICIARY OF Teck Cominco.

Getting back to Your friend the Grocer............He decides to take the Ferry over to the Island to do some Site Seeing.

Suddenly BC FERRIES IS A Beneficiary of need I say it again.

He then decides to Stop at WHINY OPIES HOTEL

SUDDENLY WHINY OPIE IS A BENEFICIARY OF TECH COMINCO.

Now if you cant tax your Intelligence enough to figure out that OLYMPIC MONEY MAKES ITS ROUNDS IN EXACTLY THE SAME WAY THEN I FEEL SORRY FOR YA .

Its really very simple..........Cave man simplicity.

I gave you just a small example here................There is No limit to the potential magnitude or Scale of the priciple of which I speak.

Now if your Gonna Disagree then produce something other than this crap about Companies Hording their profits.............because they only have TWO CHOICES................A.........PAY BIG TIME INCOME TAX.................OR B..........................INVEST THE MONEY AND CREATE JOBS.......DEFERRING tAXES.They ALWAYS DO THE LATTER.

Money makes its way full circle ..................All parts of the Country Benefit regardless of the origin of economic activity.

You surely did

Why do you think you Get Paid Bum??????

Think again......................Your Fooling yourself.

[Mr. Bum]

Originally Posted by utsamad

Why do you think you Get Paid Bum??????

Think again......................Your Fooling yourself.

Ut's you fool ... Guess you never read their last quarter earnings ....


ok .. let me clue you in .... just last week ... we lost 14 pipefitters and 5
2cnd class Steam engineers to Alberta's Oil patch ,,You know how hard it is to get a 2cnd Class Steam Engineer ,,, never mind a skilled Pipefitter.. that's 1 week and 1 company... And I hear the story are same with other companies ... UT's you fool ...And believe me ....Unions are like a tea Parties ....one know whats going on inside the other,,,

Because your you urban yuppie... you just don't have a clue how all this works .. cuz you whine about how much EVERYONE ELSE MAKES , ... so let me explain this ... we don't need to loose anymore of our skilled Trades people to another Province ...we are screaming for them now !!!!

Thats WHY you are a Bus driver ,,, Ut's .... get a grip ...

And HELLOOOOO... who the hell wants to work in Vancouver in the 2010 project.. for crap wages and live in that mess... when you can make heavy dollars elsewhere ...

You need to make alot more than what a bus driver gets to afford a ticket at the 2010 Olympic Games ... so if you get at now .. you just may make it ....I hear Vancouver is looking for Carpenters... Good luck ... your gonna need it