Tuesday, November 15, 2011


I often visit Garth Turner's blog. He is an ex-MP, Cabinet Minister, Investment writer, investment adviser and speaker who most bear blog readers know well.

He keeps a regular blog going here and sometimes he gets things right and sometimes not, however he has an interesting turn of phrase. There was one such in the latest post which had me laughing and I thought it worth reprinting:

'Since this pathetic blog crawled from the primordial ooze (I should clean the Bunker more often), I’ve argued against our infatuation with the physical. For reasons I have pounded into sand, real estate will disappoint mightily in the years ahead, now completely unsupported by economic fundamentals and held aloft by duct tape, HGTV, fleeting aspirations and delusional mothers-in-law. No match for debt, lost jobs or swampy incomes.'


That latest post highlights the situation in Whistler (which has a MOI of over a year), which like the Sunshine Coast and the Okanagan and Victoria is not rosy and not the frenzy that is Vancouver.