All the job losses ...

[furrowtickler]

While we pay people to stay at home with nearly no resource revenue to pay for it .... what could go wrong 🤔

[Oliver88]

At what point does a massive decline in commercial and residential real estate prices happen? A large % of people in cities live beyond their means and are broke after a month on corona payments yet they seem to have been approved for 500k-800k homes.

[farmaholic]

If they had the faintest of heart rates and barely could fog a mirror they were approved.
Cheap credit, bordering on "free", enabled lots of people to borrow.
If housing prices fall do you think farmland values will as well?

[SASKFARMER]

The sad part about this all is you have people in Toronto living in Million Dollar shit boxes stacked high that are so far in debt it's not even funny elect a total useless fool who will come after farmers to pay for this shit show and the elderly. The fools who voted him in have Zero assets in reality.

[GALAXIE500]

At what point does a massive decline in commercial and residential real estate prices happen? A large % of people in cities live beyond their means and are broke after a month on corona payments yet they seem to have been approved for 500k-800k homes.

I never did understand why the real estate market( I mean the housing market) should be an indicator of what the health of our economy is. Call me uneducated, but....

[sumdumguy]

Job losses - not too important according to some blah-blah at CBC. Aaron Wherry says despite Coronavirus our climate change clock is getting away on us.🕚It’s the eleventh hour. 👎 The comments are in total opposition except for one Chuck.

[jazz]

I never did understand why the real estate market( I mean the housing market) should be an indicator of what the health of our economy is. Call me uneducated, but....

Because FIRE makes up 30% of our fake economy. Bigger than any other segment.

Selling houses to each other with giant loans is not GDP. It GDP churn. We are going to find out the hard way that speculation is not productive capacity.

[Misterjade9]

The housing market is exactly what the elk breeders market was 20 years ago. You buy my bull for an inflated price and I will buy your cow for an inflated price and we will fleece the newcomer who wants to buy both. Our local CU manager at the time would not lend money to elk ranchers he said it was a fake market and where are all the elk ranchers now?

[WiltonRanch]

The housing market is exactly what the elk breeders market was 20 years ago. You buy my bull for an inflated price and I will buy your cow for an inflated price and we will fleece the newcomer who wants to buy both. Our local CU manager at the time would not lend money to elk ranchers he said it was a fake market and where are all the elk ranchers now?

The good ol elk scam. This area was the heart of elk ranching. Big Ponzi scheme you got that correct. Old Korean men needed the velvet to keep their peckers up. When the Asian economy crashed the market dried up. Chronic wasting cleaned out a bunch and guys were compensated somewhat. Guys who were in first made like bandits while others got screwed. Just like pigeon king

[AlbertaFarmer5]

The good ol elk scam. This area was the heart of elk ranching. Big Ponzi scheme you got that correct. Old Korean men needed the velvet to keep their peckers up. When the Asian economy crashed the market dried up. Chronic wasting cleaned out a bunch and guys were compensated somewhat. Guys who were in first made like bandits while others got screwed. Just like pigeon king

About the same time as everyone was getting into ostriches under the same Ponzi scheme.

A lot of similarities to the modern-day marijuana grow ops and renewable energy scams. Someone will be left holding the bag, And it won't be the promoters.

[MBgrower]

Now, who would have been dumb enough to fall for the old ostrich scam

[farmaholic]

Because FIRE makes up 30% of our fake economy. Bigger than any other segment.

Selling houses to each other with giant loans is not GDP. It GDP churn. We are going to find out the hard way that speculation is not productive capacity.

How could this ever apply to farmland!?!?! It's immune to reality. "Productive capacity" is just a inconvenient "notion" to people who actually have to take a mortgage on it, and generate enough income to make that payment, pay the expenses it took to grow that crop and maybe help feed, clothe and shelter the family....


.....and farmers will buy in late, just before the reset. Better have time on your side.
Unless it's going to be different this time. Because they're not making anymore farmland(even though bush gets cleared in my area), and the world needs to eat.

What a romantic idea.....

A speculative(short term) investment versus long term someone trying to pay for it and make a living with it.

"ALL ABOARD", you decide which ship may have already left dock. I know I wasn't on the right one.

[chuckChuck]