Billions in 'unknown' funds flowing into Canada's housing market [video]

[tsznecki]

In the first quote I did not state exchange rate or price but foreign investor, which involves foreign investment and exchange rates.

You admit you are incorrect. Your claims and statements are wrong.

The second quote on page two (post 17) does state exchange rates as a factor. This was before you claimed I had not mentioned the exchange rate previously. So you were incorrect when in post 27 on page 3 when you posted the following quote.

"This is the 6th post by you in this thread and the first mention of any discussion of exchange rates or prices. There is nothing written by yourself objectively in any previous post by you in this thread that mentions exchange rate or prices."

This was after post 17 on page 2.

This is the 6th post by you in this thread:

https://www.elitetrader.com/et/posts/5431123

This is not the 6th post by you in this thread, can you even count?:

https://www.elitetrader.com/et/posts/5432082

The quoted above that you referenced is my reply here:
https://www.elitetrader.com/et/posts/5432186

to your previous post which is clearly not the 6th post by you in this thread. You are incorrect since you cannot count. Your pathetic gaslighting attempt to frame my words out of context has failed much like your macroeconomic work.

I maintain that you are a fraud and that your work is not worth the paper it is printed on.

 

[morganist]

You admit you are incorrect. Your claims and statements are wrong.



This is the 6th post by you in this thread:

https://www.elitetrader.com/et/posts/5431123

This is not the 6th post by you in this thread, can you even count?:

https://www.elitetrader.com/et/posts/5432082

The quoted above that you referenced is my reply here:
https://www.elitetrader.com/et/posts/5432186

to your previous post which is clearly not the 6th post by you in this thread. You are incorrect since you cannot count. Your pathetic gaslighting attempt to frame my words out of context has failed much like your macroeconomic work.

I maintain that you are a fraud and that your work is not worth the paper it is printed on.

True the mention of exchange rates was from my sixth post but the statements I made were correct and you confused them. The statement about exchange rates was prior to your later statements and you have attempted to make it look like a later statement.

The comments I have made have been accurate to my descriptions and I feel you have tried to use a sneaky trick by not stating the comment on exchange rates. Your arguments against my statement about exchange rates did not occur until after my post 26 on page 3.

My point about the exchange rate was mentioned on post 17 on page 2. I also raised the issue of foreign investor that would require a foreign exchange transaction to take place to enable a purchase of a property. The statement is quoted below again for you.

'I had a look at property in Canada about a year ago and there wasn't a single decent property available for a foreign investor. The market has already been beyond cornered, unless it was Coronavirus caused issue.' post 3 page 1.

To say that a foreign investor would not have to make an exchange rate transaction is not really viable. So I feel most reasonable people would agree that the issue of exchange rates or at least international trade was mentioned very early on in this thread.

 

[morganist]

You admit you are incorrect. Your claims and statements are wrong.



This is the 6th post by you in this thread:

https://www.elitetrader.com/et/posts/5431123

This is not the 6th post by you in this thread, can you even count?:

https://www.elitetrader.com/et/posts/5432082

The quoted above that you referenced is my reply here:
https://www.elitetrader.com/et/posts/5432186

to your previous post which is clearly not the 6th post by you in this thread. You are incorrect since you cannot count. Your pathetic gaslighting attempt to frame my words out of context has failed much like your macroeconomic work.

I maintain that you are a fraud and that your work is not worth the paper it is printed on.

What has this discussion got to do with my macroeconomic work. And what do you know about my macroeconomic work?

 

[morganist]

You admit you are incorrect. Your claims and statements are wrong.



This is the 6th post by you in this thread:

https://www.elitetrader.com/et/posts/5431123

This is not the 6th post by you in this thread, can you even count?:

https://www.elitetrader.com/et/posts/5432082

The quoted above that you referenced is my reply here:
https://www.elitetrader.com/et/posts/5432186

to your previous post which is clearly not the 6th post by you in this thread. You are incorrect since you cannot count. Your pathetic gaslighting attempt to frame my words out of context has failed much like your macroeconomic work.

I maintain that you are a fraud and that your work is not worth the paper it is printed on.

You still continue to ignore my statement on page 1 on post 3 that relates to foreign investor. This whole argument has arisen due to your rejection of a term that denotes the need to use an exchange rate transaction. The fact is the issue of international trade and the exchagne rate was mentioned in my first post. It is quoted below again for you to read.

'I had a look at property in Canada about a year ago and there wasn't a single decent property available for a foreign investor. The market has already been beyond cornered, unless it was Coronavirus caused issue.'

 

[Fain]

Yeah it was during the Coronavirus, I did say it was a factor. It looks like the market has returned to normality since.

there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise.

 

[morganist]

there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise.

This seems more accurate for what I had experienced during that period. And like I said in post 4 on page 1 the market rebounded.

 

[Nine_Ender]

there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise.

The rate cut of 1.5% is not why prices went up.

 

[tsznecki]

True the mention of exchange rates was from my sixth post but the statements I made were correct and you confused them. The statement about exchange rates was prior to your later statements and you have attempted to make it look like a later statement.

Again you admit you are incorrect and that your statements are inconsistent from the above.

The comments I have made have been accurate to my descriptions and I feel you have tried to use a sneaky trick by not stating the comment on exchange rates. Your arguments against my statement about exchange rates did not occur until after my post 26 on page 3.

I did not need to criticize you on exchange rates yet because you were still attempting to defend your statements on listings and prices which I call your lies out here:

https://www.elitetrader.com/et/posts/5431103

In the very next post by you here you then attempt to hide your failing defense and shift then to exchange rates:

https://www.elitetrader.com/et/posts/5431123

Before that post above^ you never wrote explicitly anything about exchange rates or prices which I addressed to you here:

https://www.elitetrader.com/et/posts/5432186

Your fraudulent claims and inconsistencies have been laid bare for readers of ET and the whole Internet. You are a fraud. Full stop.

My point about the exchange rate was mentioned on post 17 on page 2. I also raised the issue of foreign investor that would require a foreign exchange transaction to take place to enable a purchase of a property. The statement is quoted below again for you.

'I had a look at property in Canada about a year ago and there wasn't a single decent property available for a foreign investor. The market has already been beyond cornered, unless it was Coronavirus caused issue.' post 3 page 1.

To say that a foreign investor would not have to make an exchange rate transaction is not really viable. So I feel most reasonable people would agree that the issue of exchange rates or at least international trade was mentioned very early on in this thread.

Your entire defense now lies on an incredibly shaky assumption that foreign investors would have to make an FX transaction fails on 2 points:

1)Individuals and companies do maintain balances outside their home jurisdiction from different sources. No FX transactions from the home jurisdiction are needed. Show us proof in your case that no UK national does not and never held a bank account outside of the UK.

https://www.theguardian.com/technology/2014/sep/07/apple-iphone-6-cash-pile-tax-avoidance-us

2)Why did you not simply say the prices in Canada were not good given the current exchange rate at the time for a UK investor in simple and plain English as you are a native English speaker? Instead you allude to a term "foreign investor" and try to obfuscate the point with no explicit references to the point you are actually trying to make?

No one cares about how you feel. The fact that you cannot reason logically and are wildly inconsistent with your arguments tells me all I need to know about your macroeconomic work. I will print out your work and use it as toilet paper.

 

[tsznecki]

This seems more accurate for what I had experienced during that period. And like I said in post 4 on page 1 the market rebounded.

Again another lie by @morganist above^ you can see that @morganist is replying to this post here:

https://www.elitetrader.com/et/posts/5432446

and that the topic @Fain talks about is prices. Yet when @morganist replies to my post:

https://www.elitetrader.com/et/posts/5431048

in this post below:

https://www.elitetrader.com/et/posts/5431053

one can clearly see @morganist is talking about listings or "availability of housing". "not much was available"

As I have said you can't even keep track of your lies. What a failure you are.

 

[morganist]

Again another lie by @morganist above^ you can see that @morganist is replying to this post here:

https://www.elitetrader.com/et/posts/5432446

and that the topic @Fain talks about is prices. Yet when @morganist replies to my post:

https://www.elitetrader.com/et/posts/5431048

in this post below:

https://www.elitetrader.com/et/posts/5431053

one can clearly see @morganist is talking about listings or "availability of housing". "not much was available"

As I have said you can't even keep track of your lies. What a failure you are.

Fain another poster appears to confirm my statements in the quoted post below, from post 35 on page 4.

"there was like 2 months where things dipped. But otherwise we've been up for awhile. i got 5 houses in Ontario and each went up like gangbusters after Bank of Canada cut rates by 150 basis points.

It's a boom time for sure real estate-wise."

He owns property in the area so will know the market better than anyone. For me this is the evidence I require to verify that my observation that there was a dip in availability or price during the Coronavirus is correct and that the market has improved since then. This is all I have claimed.