Alberta Bubble Blog - Latest Comments in Growing economy, more jobs and other lies

Re: Growing economy, more jobs and other lies

Mick — Fri, 06 Nov 2009 01:56:07 -0000

This statement by a blogger on another site is one of the most profound statements on the current crisis:

"bootcut

Nov 6, 2009 5:46 AM GMT
Once a employer finds out he can still maintain production capacity by working the remaining employees twice as hard, where is the incentive for him to hire? When one burns out you just replace them with another from the large pool of unemployed. Just like a light bulb."

To go further on this statement where is the evidence that employment will increase in this scenario where companies are getting those left in the workforce to slave harder and faster than before when we have lost and continue to lose our competitive and exporting edge to China and India. We continue to manufacture and export less and import more.

The harsh reality is that the economy is probably where it really is supposed to be considering our debt levels, productivity, output, etc. We were probably supposed to be at this level and were only capable of sustaining at this level if not for our recklessness, greed and appetite for debt. We are probably now in an economic phase where our economy is not operating on and reflecting speculative growth but is grounded in reality given our existing economic constructs. Thus, we may be looking at this current economic cycle for a long time given that the employment picture will remain stagnant for the forseeable future.

Re: Growing economy, more jobs and other lies

Purple Hippo — Thu, 05 Nov 2009 22:18:25 -0000

Anyone with $5 can access anybody's title on the Spin system.

https://alta.registries.gov...

Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 22:16:52 -0000

yes and yes. Everyone has access if you have a credit card.

Re: Growing economy, more jobs and other lies

StinkyPlumber — Thu, 05 Nov 2009 22:14:03 -0000

Oh, the neighbour told me! Now that's guaranteed to be accurate.

Re: Growing economy, more jobs and other lies

BearClaw — Thu, 05 Nov 2009 22:01:09 -0000

Thanks Neil!

I'm seeing the general area, If you go to google street view you will see two newer houses with "property guys" signs up. Right to the east of those there is an older light orange house with the parking pad in the front. Is that it?

Do you have access to the Spin system?

Re: Growing economy, more jobs and other lies

Mick — Thu, 05 Nov 2009 21:12:34 -0000

This is an interesting article dealing with what may be a deliberate fudging of the unemployment statistics.

"Although it gets little attention, Statistics Canada puts out a second barometer of employment called the Survey of Employment, Payrolls and Hours, which counts jobs from the industry perspective, rather than the better known survey of households.

The industry survey suffers from the disadvantage of coming out a month later than the household poll, hence is regarded as stale news. It also does not measure the variable self-employment category.

But that may be what makes it a better indicator of the economy during the current volatile and uncertain period of halting recovery, says Holt."

"He points out the error factor in the household survey is plus or minus about 30,000 jobs, a large number when most months gains or losses are measured in the low tens of thousands."

http://money.ca.msn.com/inv...

Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 20:40:46 -0000

8 houses west of this house on 17 st SW. If it has been sold it will show up on Spin in the next month with the sale price.

http://www.realtor.ca/prope...

Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 20:34:59 -0000

Here is the title # of the middle lot. 071603072

Re: Growing economy, more jobs and other lies

BAD — Thu, 05 Nov 2009 19:27:57 -0000

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More news on productivity:

The problem is how the productivity growth was achieved. It wasn't because of clever efficiency measures or the purchase of wonderful tools that help people get their jobs done faster. Such improvements take years, not mere months. Rather, it was because companies cut jobs and work hours drastically.

The Dark Side of the Productivity Surge

We are all in the dark...

-"There are none so blind as those that will not see."-

Re: Growing economy, more jobs and other lies

Carioca Canuck — Thu, 05 Nov 2009 17:23:08 -0000

In today's Herald drilling companies are reporting that 2010 activity will be down by 50% of this year.....which was dismal.

Keep buying Alberta RE people.......

Re: Growing economy, more jobs and other lies

Das Auto — Thu, 05 Nov 2009 15:58:09 -0000

It only defies the common sense of an individual who has no clue what productivity is and/or how is measured. But then, I guess he gets paid by the word not by the content, so why bother.

Re: Growing economy, more jobs and other lies

BAD — Thu, 05 Nov 2009 15:25:55 -0000

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Seems the statistical tools used to measure various numbers are inadequate in today's world of globalization. Consequently they distort the results.

Let me get this straight. We have a collapse of the housing and construction sector, massive layoffs in almost every part of the economy, a sharp downturn in consumer spending, and bank failures on an astonishing scale—-and the numbers show an increase in productivity?

It defies common sense.

Economics Unbound: Financial Crisis Creates Productivity Bonanza? No.

We are all in the dark...

-"There are none so blind as those that will not see."-

Re: Growing economy, more jobs and other lies

BearClaw — Thu, 05 Nov 2009 14:42:12 -0000

Mike Fotiou posts and reviews the median numbers as well. Do you think he is hiding something?

Do you think the 1000s of realtors in Calgary are all hiding the real numbers?

Get a grip. The median statistic from CREB is solid.

Re: Growing economy, more jobs and other lies

BearClaw — Thu, 05 Nov 2009 14:23:49 -0000

Mr Happy,

The link to the listing doesn't work anymore. What is the address?

Is any adjacent listing from the original purchase still on the MLS?

Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 12:58:37 -0000

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Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 12:55:53 -0000

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Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 12:55:01 -0000

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Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 12:53:21 -0000

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Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 12:47:29 -0000

Thought about your statement that the one to the left sold for $512. Well it may have, sort of, but not just yet. The developer/owner and buyer would have to set up a agreement for sale. This way the propery doesn't acutally change hands and the developer/owner remains registered owner of the property. This is a typical rent/lease to own senerio. The buyer signs an agreement that some time in the future they will buy the property for a set price, which in this case is $512K. The buyer is now responisble for all cost associated with the property, such as maintanence, utiltiies, taxes, etc, etc. The buyer puts down a deposit, usually around $10-20K. If the developer has any brains, (which I think these ones do), they most likely set it up as a premium rental/lease rate. The premium is to pay for a down payment over time until they have enough saved to get a conventional mortgage. The monthly rent/lease payment will be set high enough to pay mortgage costs on the 512K. This is a gold mine for the developer/owner, they not only have someone paying all costs but they make a handsome profit on the differential between the $512 and whatever the real mortgage is, if there is any at all. Plus I would bet the developer/owner is making another tidy profit of the differential between the mortgage rate they have, if any, and the mortgage rate they are charging the future buyer.

Oh ya. I look on Google Maps at the house you posted, it is the only orginal house left from the development. The other 2 houses are new. So the developer paid $632K for 2 lots with old house. Knocked one down, built 2 new ones, sold one new for $512, selling the old one for $339k and has one new one left. They are most likely living in their new FREE!!!!! home until the capital gains tax period expires and then will sell for another tidy profit. mmmm. ... Who would have though people could actually make money in a down realestate market. I guess there must a lot smarter people out there than you.

Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 11:33:15 -0000

Just to add to the post below. If those people did pay $514K, first thier idiots because the value of propery on last sale was $340K. Second if they are trying to artifically inflate values that's fraud, so report them. Again SPIN II is the Alberta Land titles system. The Spin II system also tracks current property sale prices so Municipal Government have property market values for tax purposes and all that information is available to the public, but at a price.

Re: Growing economy, more jobs and other lies

StinkyPlumber — Thu, 05 Nov 2009 11:24:44 -0000

"That's a $600k purchase 15 months ago plus new kitchen, flooring, bath and paint, now for sale at $339,900."

And it's all clear profit. Mike, you try to obfuscate and confuse, but we all see how you cherry pick and hide the facts that you are scared of.

Re: Growing economy, more jobs and other lies

Mr Happy — Thu, 05 Nov 2009 11:21:20 -0000

Now I know your full of shit. First Spin II has nothing to do with MLS or Realtor(r). It's run by the Alberta Government. The Spin II doen't lie, it's the guaranteed to be accurate and correct by the Alberta Govermnent. And anyway even if it was a private sale it would still have to be registered at land titles and that's the Spin II system is, you idiot. So lets say it wasn't registered. Then who every you say bought that for $514K doesn't own anything. If they tried to sell they couldn't because they wouldn't be the registered owner.

Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 07:40:55 -0000

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Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 07:31:01 -0000

So you see the point I was making, but here is the link. "CREA/MLS Official prices" went up, but in real life, some are down over 50%.

Who do you believe? House Salesmen(R) or a Business based on commission (CREA) or the buyers and sellers.

Mike

Re: Growing economy, more jobs and other lies

Totalmotorcycle — Thu, 05 Nov 2009 07:25:59 -0000

Sorry BT, I'm just not going to play your immature game. So troll elsewhere