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**Un-OFFICIAL** Trading and Investing Thread: Part XIII -- Robber Baron Edition
03-04-2021, 07:38 PM
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#3571
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Originally Posted By Carbonfibre⏩
Man I kinda hope not here in Alberta, prices have dropped every year since I bought. This year's property tax assessment was actually the first in five years that wasn't a huge decrease, went up a whole +$500For us (Canada) think there will be real estate correction coming. Imo it was due even before covid.
Houses are selling at crazy rates above ask. 50K+ over asking price.
Bank of Canada said last week about overheating housing market.
Houses are selling at crazy rates above ask. 50K+ over asking price.
Bank of Canada said last week about overheating housing market.
Ontario and BC though, saw headlines the other day that the average house in the Toronto area just hit $1million
03-04-2021, 07:39 PM
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#3572
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Originally Posted By Carbonfibre⏩
There was just a house in Kitchener a couple weeks ago that sold for 300K over asking lmao just wild.For us (Canada) think there will be real estate correction coming. Imo it was due even before covid.
Houses are selling at crazy rates above ask. 50K+ over asking price.
Bank of Canada said last week about overheating housing market.
Houses are selling at crazy rates above ask. 50K+ over asking price.
Bank of Canada said last week about overheating housing market.
03-04-2021, 07:45 PM
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#3573
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Originally Posted By Venom08⏩
They were raising rates and that’s what caused markets to sell 20%, they recovered because they lowered rates. Stock market( growth) survives on cheap debtDidn’t rates rise during trump’s term? This is idiocy to think raising rates will tank the markets.
03-04-2021, 07:55 PM
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#3574
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Originally Posted By Heaney⏩
Sweet jesusThere was just a house in Kitchener a couple weeks ago that sold for 300K over asking lmao just wild.
Cheap debt is right, they were practically giving money away for a long time and assets are blowing up all over the place as a result. I think even the used watch market is going ham, since the top end brands (especially Rolex) are often treated as stores of value. Bet you artwork etc is blowing up too, just imagine how much cheap debt the 0.1% were probably able to tap into
03-04-2021, 08:20 PM
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#3575
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Originally Posted By Heaney⏩
Thats insane.There was just a house in Kitchener a couple weeks ago that sold for 300K over asking lmao just wild.
Honestly feels like money laundering.
Just going on realtor.ca browsing around anything close Toronto is instant nope.jpeg
lmao look at this turd for $330K in Hamilton
https://www.realtor.ca/real-estate/2...venue-hamilton
you could find mansion in comparison on zillow
https://www.zillow.com/homedetails/3...50633930_zpid/
03-04-2021, 08:22 PM
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#3576
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Originally Posted By Carbonfibre⏩
Same thing here in St. Louis. It’s because there’s no supply. I’ve been telling ya, we’re entering an inflationary period driven not by rising demand, but by diminishing supply. Covid19 lockdowns absolutely destroyed supply chains worldwide.Thats insane.
Honestly feels like money laundering.
Just going on realtor.ca browsing around anything close Toronto is instant nope.jpeg
Honestly feels like money laundering.
Just going on realtor.ca browsing around anything close Toronto is instant nope.jpeg
03-04-2021, 08:28 PM
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#3577
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Originally Posted By Heaney⏩
That's literally every home being sold here in the bay area....ton of foreigners pouring in 3 generations deep buying up homes in the burbs....it's ridiculous buying a house in the bay...sellers raking it in big timeThere was just a house in Kitchener a couple weeks ago that sold for 300K over asking lmao just wild.
Edit: glad I got out of tsla when I did..had plenty of time to get out over 800 but took my exit at 730...looks like it's heading towards the 500s
Aapl sucks as usual
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03-04-2021, 08:34 PM
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#3578
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Originally Posted By Venom08⏩
This is not supply issue for Canada atm afaik but rather these low rates.Same thing here in St. Louis. It’s because there’s no supply. I’ve been telling ya, we’re entering an inflationary period driven not by rising demand, but by diminishing supply. Covid19 lockdowns absolutely destroyed supply chains worldwide.
Canada has been having issues for while especially British Columbia area going back 10 years now where foreigners (Asian mostly) come in buy property and just sit on it (leave it empty) it was always know they were just laundering money away from CCP.
BC had to come up with foreigner 20 % tax to try and help
This has now escalated to Ontario (around TO) area.
03-04-2021, 08:37 PM
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#3579
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Originally Posted By topperstyle⏩
Brb let me put in bid of $400k just in case on that turd that was build right after world war 2Since you posted that the price was updated to 349k on first house lmao
03-04-2021, 08:39 PM
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#3580
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Damn . . . I thought Colorado real estate was potato. Canada, not even once.
Zillow shows $646k for ours now. Paid $359k in 2006 (~3,000 sq. ft). Place across the street was a flip last year and went for $600k with an unfinished basement.
Zillow shows $646k for ours now. Paid $359k in 2006 (~3,000 sq. ft). Place across the street was a flip last year and went for $600k with an unfinished basement.
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03-04-2021, 08:41 PM
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#3581
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Originally Posted By Carbonfibre⏩
My ex was from China, her parents both maxed out the number of houses they were legally allowed to own as foreign buyers and just started putting houses in her name to circumvent the system after they maxed out.This is not supply issue for Canada atm afaik but rather these low rates.
Canada has been having issues for while especially British Columbia area going back 10 years now where foreigners (Asian mostly) come in buy property and just sit on it (leave it empty) it was always know they were just laundering money away from CCP.
BC had to come up with foreigner 20 % tax to try and help
This has now escalated to Ontario (around TO) area.
Canada has been having issues for while especially British Columbia area going back 10 years now where foreigners (Asian mostly) come in buy property and just sit on it (leave it empty) it was always know they were just laundering money away from CCP.
BC had to come up with foreigner 20 % tax to try and help
This has now escalated to Ontario (around TO) area.
03-04-2021, 08:42 PM
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#3582
- Galindo62
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Been to Charlotte north carolina once for work.
Offered me my old job at Charlotte.
Def gonna do it. The housing is amazing.
The downtown is nice. All the neighborhoods surrounded by trees. Creeks everywhere.
https://www.redfin.com/NC/Charlotte/.../home/44032208
Offered me my old job at Charlotte.
Def gonna do it. The housing is amazing.
The downtown is nice. All the neighborhoods surrounded by trees. Creeks everywhere.
https://www.redfin.com/NC/Charlotte/.../home/44032208
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
03-04-2021, 08:44 PM
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#3583
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Originally Posted By Venom08⏩
lol ok I'm not listening to this guy anymoreDidn’t rates rise during trump’s term? This is idiocy to think raising rates will tank the markets.

https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
03-04-2021, 08:45 PM
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#3584
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Originally Posted By Heaney⏩
Phuckers are gaming the system hard. Canadian government is doing nothing but pricing us out forever.My ex was from China, her parents both maxed out the number of houses they were legally allowed to own as foreign buyers and just started putting houses in her name to circumvent the system after they maxed out.
They are doing the same to the condo market.
As soon new condo goes up 80% are already sold to Asian international students.
Brb works at super lube while driving new Land Rover Sport/ Porsche / BMW basically every new high end car.
03-04-2021, 08:46 PM
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#3585
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venom this house in Ontario would go for $2 million in seconds
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
03-04-2021, 08:51 PM
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#3586
- Galindo62
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Originally Posted By Carbonfibre⏩
Lol yeah ok Canada is pretty bad. It's a nice a house. Def not 1.5mil nice though. Might as well live in Los Angeles.venom this house in Ontario would go for $2 million in seconds
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
03-04-2021, 09:32 PM
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#3587
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Originally Posted By Carbonfibre⏩
Jesus that's worse than socalvenom this house in Ontario would go for $2 million in seconds
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
03-04-2021, 10:09 PM
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#3588
Originally Posted By Carbonfibre⏩
thisPhuckers are gaming the system hard. Canadian government is doing nothing but pricing us out forever.
They are doing the same to the condo market.
As soon new condo goes up 80% are already sold to Asian international students.
Brb works at super lube while driving new Land Rover Sport/ Porsche / BMW basically every new high end car.
They are doing the same to the condo market.
As soon new condo goes up 80% are already sold to Asian international students.
Brb works at super lube while driving new Land Rover Sport/ Porsche / BMW basically every new high end car.
the housing market is the only thing keeping the economy ponzi going, the only thing canada can keep doing is bring in 400 000 -500 000 immigrants each year to keep the country afloat, its absolutely pathetic.
Anyone with a salary below 150k(CAN) in vancouver, toronto, ontario is getting priced out for ever
03-04-2021, 10:25 PM
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#3589
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Originally Posted By Carbonfibre⏩
That house in Oakville is worth about 200K where I live. Maybe even less.venom this house in Ontario would go for $2 million in seconds
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
not far from St Louis.
https://www.zillow.com/homedetails/5.../5259861_zpid/
for comparison this amazing house in oakville
https://www.realtor.ca/real-estate/2...-road-oakville
03-04-2021, 10:26 PM
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#3590
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there is nothing worth buying for sale here, I've seen price hikes on listings on the coast as well (Oregon coast is nice but not very nice year round for perm residence).
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03-04-2021, 10:41 PM
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#3591
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Canada is a big place and really only the Toronto and Vancouver areas are totally insane. There are some other pockets, like Fort Mac (especially when oil is booming) and I think the East coast has some crazy real estate prices as well, but it's not completely out of whack otherwise
$1.5million in the capital of Alberta feels like it gets you a reasonable property for the money

https://www.edmontonrealestate.pro/l...on-ab-t6w-3g6/

https://www.edmontonrealestate.pro/l...on-ab-t6w-3g8/
$1.5million in the capital of Alberta feels like it gets you a reasonable property for the money

https://www.edmontonrealestate.pro/l...on-ab-t6w-3g6/

https://www.edmontonrealestate.pro/l...on-ab-t6w-3g8/
03-04-2021, 10:50 PM
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#3592
03-04-2021, 11:34 PM
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#3593
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Originally Posted By Galindo62⏩
$1.5m here in Florida literally gets you one of those 7000 square foot mansion that you think of when you think of the world 'affluent'. With the massive driveway, HBB angel water fountain and basically a second house for a garage.Lol yeah ok Canada is pretty bad. It's a nice a house. Def not 1.5mil nice though. Might as well live in Los Angeles.
The above post is 100% false
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03-05-2021, 01:39 AM
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#3594
03-05-2021, 02:17 AM
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#3595
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Red is my favorite color. Futures down of course.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
03-05-2021, 02:44 AM
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#3596
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Originally Posted By StackingPlates⏩
I just bought because of momentum tbh because the market was retarded and everything went green. Right now i feel they are way oversold thoughDid your actual investment thesis (why you purchased them) on these specific equities change from the day when you purchased them? If you felt they were fairly valued when you originally bought them then why would you sell them now when they would be undervalued compared to the purchase date?
Originally Posted By MinisterOfLust⏩
Im sitting on massive losses on XPEV. What oil & energy stocks u sitting on? Want to diversify a little i only have EV, tech & solar/green energySold NIO and xpev yesterday. I still have PLUG and SPWR for now. I will keep Palantir no matter what happened. I am holding more oil or energy stocks and they are doing a good job for me thus far.
03-05-2021, 02:47 AM
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#3597
03-05-2021, 03:18 AM
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#3598
- Galindo62
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So invoking my nostradamus skills I too believe in around 2 weeks we will start to turn it around.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
03-05-2021, 03:39 AM
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#3599
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Prepare anguses for more tanking.
03-05-2021, 04:00 AM
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#3600
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Originally Posted By Galindo62⏩
stimulus incoming, economy reopening and a couple of good news here and there we will be all making some hefty gainsSo invoking my nostradamus skills I too believe in around 2 weeks we will start to turn it around.
Also, tesla ain't going anywhere so whoever bought tesla at 600 is going to $$$$$ sooner or later
"Paper money is going away" - EM
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