Real Estate

Here cometh the Brits!

  • Last Updated:
  • Jul 4th, 2016 8:04 pm
Tags:
None
27 replies
Deal Guru
User avatar
Mar 9, 2007
13907 posts
9001 upvotes
Think of the Childre…
No English Hooligans needed here.

WOULD SOMEBODY THINK OF THE CHILDREN!!!
Deal Guru
User avatar
Mar 31, 2008
11868 posts
2292 upvotes
Toronto
nonresidentfortaxpurposes wrote: They can sell their studio flat in London and buy a 2 bedroom in Toronto easily.
I didn't know basement dwelling millennials could sell their parent's place without permission.
Deal Fanatic
Dec 5, 2009
5687 posts
3434 upvotes
Woopie, a Spike in google searches. From the article: "Little usually comes of it, of course."

Besides they will probably all move to London,ON.
Deal Addict
Jun 10, 2008
1146 posts
354 upvotes
fdl wrote: Woopie, a Spike in google searches. From the article: "Little usually comes of it, of course."

Besides they will probably all move to London,ON.
Why not Nova Scotia or British Columbia, lol
Banned
Aug 3, 2005
1235 posts
1166 upvotes
damn...and here I was in my moms basements praying for a crash like the rest of the RFD renters....
Deal Fanatic
User avatar
Nov 2, 2013
5533 posts
1417 upvotes
Edmonton, AB
Now we will get more RFD kids praying to their shrine in mom's basement for a RE crash because now the Brits are contributing to the bubble.
Consultant, Operator/Trucker
  • Oilfield & Industrial Services, Road Construction
  • Tax & Finance
  • In the Western Canadian Oilfield since 2013
Deal Fanatic
User avatar
Sep 8, 2007
9019 posts
10320 upvotes
Way Out of GTA
fdl wrote: Woopie, a Spike in google searches. From the article: "Little usually comes of it, of course."

Besides they will probably all move to London,ON.
You will see the Remain campers flinging any hysteric articles at the wall and seeing what sticks. When the FTSE was up 3% today they were all of a sudden silent but when it was down the day before it's was 100% proof that England was on it's way the 3rd world status. Whatever they can do to sell the idea that anyone that leaves the EU is doomed to poverty.

Not too mention over the last 3 days UK stocks have performed better than Italy, France, Germany. But they dont want you to know that stuff. You know, reality type stuff.
Deal Fanatic
User avatar
Sep 8, 2007
9019 posts
10320 upvotes
Way Out of GTA
FirstGear wrote: Now we will get more RFD kids praying to their shrine in mom's basement for a RE crash because now the Brits are contributing to the bubble.
Same people that tell us Toronto and Vancouver are terrible garbage places that are 3x overvalued, now believe London is going to zero. Why do you think they think that or try to sell that idea?
Deal Fanatic
Jul 3, 2011
5832 posts
2980 upvotes
Thornhill
The 'take your union and shove it' vote is so historic, so devastating and such an economic disaster for years, even decades to come that the news of 3 suicide bombers blowing themselves up in a country that adds nothing to world markets managed to obliterat brexit from the air waves faster than the blink of an eye.

It's as though two outstretched arms suddenly appeared, shoved a hapless reporter off the air and some unknown took their place.
cartfan123 wrote: You will see the Remain campers flinging any hysteric articles at the wall and seeing what sticks. When the FTSE was up 3% today they were all of a sudden silent but when it was down the day before it's was 100% proof that England was on it's way the 3rd world status. Whatever they can do to sell the idea that anyone that leaves the EU is doomed to poverty.

Not too mention over the last 3 days UK stocks have performed better than Italy, France, Germany. But they dont want you to know that stuff. You know, reality type stuff.
Deal Fanatic
User avatar
Nov 2, 2013
5533 posts
1417 upvotes
Edmonton, AB
barricuda wrote: Why not Nova Scotia or British Columbia, lol
Because the job markets suck. People whine about the one in Ontario but the job markets in those 2 provinces are even worse.
Consultant, Operator/Trucker
  • Oilfield & Industrial Services, Road Construction
  • Tax & Finance
  • In the Western Canadian Oilfield since 2013
Deal Fanatic
User avatar
Sep 8, 2007
9019 posts
10320 upvotes
Way Out of GTA
licenced wrote: The 'take your union and shove it' vote is so historic, so devastating and such an economic disaster for years, even decades to come that the news of 3 suicide bombers blowing themselves up in a country that adds nothing to world markets managed to obliterat brexit from the air waves faster than the blink of an eye.

It's as though two outstretched arms suddenly appeared, shoved a hapless reporter off the air and some unknown took their place.
Reminds me of Jim Cramer telling everyone to sell stocks right near the bottom of the credit crisis. Get all the money out you need for the next 5 years. Worst advice ever. Just like these sky is falling snake oil salesmen selling the idea that England will be a smouldering pile of rubble. Sell! Sell! Sell!....I will buy...shhh.

U.K. Stocks up 5% over last 2 days.
Deal Addict
Jun 10, 2008
1146 posts
354 upvotes
FirstGear wrote: Because the job markets suck. People whine about the one in Ontario but the job markets in those 2 provinces are even worse.
As opposed to the job market in London, ON?

P.s. We were just bantering over British related Canadian places.... :p
Deal Addict
User avatar
Nov 10, 2015
2243 posts
853 upvotes
Monte Creek, BC
The Brits will have to get in line behind the anti-Trumpers, who are in line behind the Syrians.
[OP]
Member
Sep 1, 2013
403 posts
96 upvotes
Most of London voted to remain, so you's hope those guys come over and give the Chinese buyers some competition.
Deal Fanatic
User avatar
Sep 8, 2007
9019 posts
10320 upvotes
Way Out of GTA
UK stock markets at 10 month high. Germany and France nowhere close.

Thanks for selling the sky is falling, allowed me to pick up some cheap stocks.
[OP]
Member
Sep 1, 2013
403 posts
96 upvotes
cartfan123 wrote: UK stock markets at 10 month high. Germany and France nowhere close.

Thanks for selling the sky is falling, allowed me to pick up some cheap stocks.
Stocks are back to the levels they were about 10 days ago. If anyone had a lot of cash in their portfolio at that time and they used to it buy the stocks, they should now go back to the same level of cash. Otherwise, their thesis 10 days ago and their thesis today are internally inconsistent.

Either that, or (B) they believe that the fundamentals for the stocks look better now (with elevated valuations after Brexit) than they did 10 days ago, or (C) the amount of cash deployed after Brexit was relatively tiny and wouldn't make much of a difference to the overall portfolio.

Top