Ian Royle

Heh, heh,heh, this is the best blog in the world.  Buncha smug, pretentious, self-righteous, whiners all swallowing their own bathwater.  I’ve read your drivel for years, busy bashing everyone on the RE wagon, cause you missed it.  Then busy cheering as the wagon burned.  All deluded naked little emperors, you chalked up your not being part of the great real estate crash as a result of your own superior intellect and not the fact that you were stupid and oblivious and unprepared when RE started up and once it got going you just couldn’t catch up.  And then huffing and puffing you crested a hill to see it all going down in flames and cheered cause like a bunch of vultures you figured you were about to feast on the carcasses of “investors” and scoop up their houses dimes on the dollar and then you’d be the smart ones!  Oooops, what caused the fire on the RE bandwagon?  Same thing that’s causing the world to burn now.  I heard people on this blog saying they were going to buy when the prices went down!  And now that the prices are down, the jobs are gone…can’t qualify for NINJA mortgages now, those are extinct.  Oh sure there are a few unionized government workers out there that will ride this out, but that ain’t exactly a white knight, I’ll talk about them a little later.  Why would they buy an extra house to rent when there are no tenants cause nobody’s got any jobs to offer them.  Which pretty much precludes YOU guys as well from buying them to rent or own when the banks won’t lend money on “SHOEBOXES” anymore.  Safe as bricks, ha ha ha.  Well maybe you can take some of your RRSP’s and buy a worthless house now!  How many of you losers are looking at destroyed RRSPs and stock market portfolios now. Probably not many, most of you are hand to mouth anyway…so pick up the RE that is so devalued now…doesn’t matter anyway, who wants a house in Alberta, there won’t be any jobs anyway to pay the taxes at any price!  Maybe you can move to Ontario where you can build cars no one wants and no one can afford!  Maybe the government will have a make work project where they pay people to build cars and then transport them to another facility where they crush them and recycle the parts and then ship the materials for reprocessing in an endless cycle.  Or maybe you can go to BC and be ushers at the Olympics, shuffling small crowds about since no one will be able to afford to come and stay in BC being as the whole world is becoming jobless.  Or maybe you could move to NL those near-sighted retards seem to be crowing about their wonderful future as they see their first surplus ever, while they choose to ignore the looming reality of ten dollar barrels of oil.  And that precludes any reality where that retard Dion’s Green Shaft could ever become fruitful.  As the economy dries up so too do the streams of money that propped up the environmental pundits.  Those swindlers like Suzuki and Gore are gone now too.  Haven’t heard anything from either one now for months maybe even a year. Can’t build the future of a green world without investing money in tech and right now there isn’t any money.  So bye bye green economy.  You all don’t seem so smug and cheerful anymore.  Whats the matter?  Little belt tightening this Christmas?  Workplace insecurities, like maybe your job might be next now that oil prices have plummeted below Alberta shut in prices.  Your post are filled with a feeling that’s palpable.  It’s fear, as you all realize that you aren’t insulated or smart.  That the loss of those upgraders projects in Alberta and falling oil prices is just as connected to the demise of the big three as the RE bubble.  That you, just as much as anyone else is going to be affected. Your own bosses are going to be out of business because the tool push crews that used to drill your Alberta oil wells and dig up your oil sands have no money to buy your services and products.  And the people building cars in Ontario are going to be out of work, defaulting on loans, not driving anymore, not buying anything but groceries and water and heat if they can.  And government deficits of the eighties lead to debts that couldn’t be paid by the nineties as private businesses mostly ceased to exist.  With no one to tax anymore even the crudest government hacks realized that the swelling bureaucracy couldn’t last by eating itself.  I’m too young to know what government over-spending was called in the eighties but I think it was deficit, we use the word stimulus now, but that will be followed by a new buzzword in the future that will capture the meaning of the extensive loss of government jobs to come as the weight of the mounting debt, deficit, I mean stimulus begins to reap results similar to the late eighties and nineties.  In the decade of grunge it was called downsizing, and I knew a lot of downsized government employees.  Hell my dad was one.  So to those of you young enough to recover from this and see the next big bust, the RE boom was just the beginning, your job is next, have a little humility the next time you think about posting your smug comments on a blog, to those of you in a government career read Mike (authentic) December 19, 2008 9:08 AM and hear the clear word “downsizing” as you remember or research the nineties.  And to those of you who are about to retire after having complained and cheering the RE boom and bust…too bad for you.  Life goes on.