Home Capital Group

[farmaholic]

BP... you are absolutely right regarding the dirt beside me. The closest corner of the half section is half a mile away from the main yard... lol! With my head up my ass all the time you know why I have such a shitty attitude!

I enjoy everyone's perspective and comments! I can handle criticism.

[iceman]

SF3 has been spot on with this whole CPP land deal. It's a bunch of bull crap that they are leaving because the neighbors don't like them. They can get a decent return on capital right now and the rents are probably less than they were expecting. So time to exit.

Farma, sometimes we don't get to decide at which point in the cycle assets come up forsale. If it doesn't put the whole package at risk it will probably be fine and you will never regret it. Although you want to make sure that JR will be able to handle all of it when your gone.

Iceman Out

[ajl]

Absolutely Ice. They are leaving because they think prices are likely to head lower not higher. Higher interest rates and land taxes will see to that unless B of C does US style quantitative easing.

[iceman]

Absolutely Ice. They are leaving because they think prices are likely to head lower not higher. Higher interest rates and land taxes will see to that unless B of C does US style quantitative easing.

Not sure how B of C could do that without destroying the Lonnie in the mean time. Can't really ease with the Fed tightening. Maybe Errol can enlighten us. This is above my pay grade.

Iceman Out

[agstar77]

Can not sustain 25 to 30 % increase per year. Housing will drop by 50 % in TO and Van.

[iceman]

Had to draw on the 15% line of credit today
Tomorrow they report earnings
It's over close the door

Iceman short out

[sumdumguy]

Where the hell is our "Securities Commission". This is the same crap as went on in U.S. Before the 2008 crash. Sub-Prime mortgages and brokers out of control, falsifying eligibility paperwork. Houses for free. They aren't satisfied that borrowed money is being used for free already. The governor and the securities should be hung out to dry. That this is happening just 9 years after the big crash is rediculous. Fire them all and kick their arses all the way to Syria.

[macdon02]

One thing a person has to understand, Home capital is/was lending to people with less then stellar credit. It's still foreign capital fueling Toronto and Vancouver imo, it's all about CAD dropping. Bonds...... oh those 30's. That pullback in July screams crash. It was too sharp. So foreign money is looking for a place to sit, there's more money in bonds than anywhere and it wants something they can touch I'm thinking. They are just parking it and they don't want exposure to govt debt. Hey if your house is over valued and you think a crash is coming, mortgage it right to the absolute max and prepare to walk away from it. Let the bank take the risk, you got the cash. You're hedging the value by borrowing against it for cash. There are a lot of cheaper countries in the world to live in. It's just a house.

[farmaholic]

Now there's an interesting concept....should I do that with our farmland?

[sumdumguy]

How much money could I borrow against my doghouse?

[zeefarmer]

Read this morning that the Canadian finance minister won't rule out a bailout for Home Capital. To big to fail I guess...

[sumdumguy]

Read this morning that the Canadian finance minister won't rule out a bailout for Home Capital. To big to fail I guess...

There should be some ars kicking not bail-out. These lessons should have been enshrined in our constitution after 2008. What kind of governments do we elect? Harper buff-oon!