Yours Truly

We're the next best option for those moving out of the city. When the developer opened about 7 years ago, most were from Woodbridge, Mississauga, Richmond Hill and Newmarket. Five minutes to the 400, 20 minutes to Barrie, 10 minutes to Newmarket and we have a GO station. I'm not sure the demographics of the resale buyers. So far the house across the street was bought by an Asian couple with no kids. They look to be our age (late 30's), both drive Mercedes and they spent a month renovating before they moved in. They renovated a new house, yes. Same with our friends house up the street, same scenario but his family has young kids. The demographic for Bradford was predominantly white with a fairly large Portuguese population and Italian when the new homes started. The last couple of years Bradford looks more like a typical GTA town, more diverse. Those that are leaving Bradford from our neighbourhood seem to be cashing in and moving further North. Innisfil, Barrie etc. We bought in 2011 for $349 and as of last January when new phases were released, our model is up to $505. Our next door neighbour who just sold for $629 paid $369 in 2011. Yes, in Bradford, Ontario. :o In a town that had 18000 before the developers showed up will have added something like 3000 homes in 8 years. Our developer is closing in 3 years and will have built 1200 homes in 10 years. Edited to actually answer your question ;D They all seem like they've just moved from elsewhere in the GTA. Some neighbours I spoke to that moved from Woodbridge etc have done this before. Buy a new home before the ground has broken, live there a couple of years rinse, repeat a bit further North. I'm pretty sure the diversity in our town now is just people moving from the GTA rather than completely new Canadians or investors. I know a handful of acquitances that have bought in Bradford with the sole intention of buying pre-construction, adding cosmetic touches only to flip it a few months to a year later. They think it's guaranteed money with zero risk and so far they've been spot on. Same here. More than a few actually, more than pocket money. Some of those are retired ppl with deep pocket, some are working class ppl. I am sure when I get in, it will burst. LOL, why buy stocks when you are almost guaranteed large returns on a pre-construction homes? all you need to do is line-up on the first day when the sales office opens!!

We're the next best option for those moving out of the city. When the developer opened about 7 years ago, most were from Woodbridge, Mississauga, Richmond Hill and Newmarket. Five minutes to the 400, 20 minutes to Barrie, 10 minutes to Newmarket and we have a GO station. I'm not sure the demographics of the resale buyers. So far the house across the street was bought by an Asian couple with no kids. They look to be our age (late 30's), both drive Mercedes and they spent a month renovating before they moved in. They renovated a new house, yes. Same with our friends house up the street, same scenario but his family has young kids. The demographic for Bradford was predominantly white with a fairly large Portuguese population and Italian when the new homes started. The last couple of years Bradford looks more like a typical GTA town, more diverse. Those that are leaving Bradford from our neighbourhood seem to be cashing in and moving further North. Innisfil, Barrie etc. We bought in 2011 for $349 and as of last January when new phases were released, our model is up to $505. Our next door neighbour who just sold for $629 paid $369 in 2011. Yes, in Bradford, Ontario. :o In a town that had 18000 before the developers showed up will have added something like 3000 homes in 8 years. Our developer is closing in 3 years and will have built 1200 homes in 10 years. Edited to actually answer your question ;D They all seem like they've just moved from elsewhere in the GTA. Some neighbours I spoke to that moved from Woodbridge etc have done this before. Buy a new home before the ground has broken, live there a couple of years rinse, repeat a bit further North. I'm pretty sure the diversity in our town now is just people moving from the GTA rather than completely new Canadians or investors. I know a handful of acquitances that have bought in Bradford with the sole intention of buying pre-construction, adding cosmetic touches only to flip it a few months to a year later. They think it's guaranteed money with zero risk and so far they've been spot on.

Who needs the stock market when you can just flip single-detached homes in Toronto and Vancouver and declare it your principal residence (and incur no taxes on gains)? ... says a lot of non-financial folks

It's funny how money can blind a dude! Manny was fighting with a tear in his shoulder suffered three weeks ago but still went on with it. He definitely knew that this was his last big payday before settling down as a politician, good for him. Ericopoly: I recall Mayweather wanted to me known more as a businessman than a boxer hence the more "polished" look.

Pacquiao has nothing to lose because he's already lost so he'll walk away with a good chunk of money whether he wins/loses. Whereas Mayweather has his legacy and unbeaten streak on the line. This should be a good fight even though this is 5 years too late and both are probably past their "prime".

Even Delahoya thinks Pacman is going to take it. This will be an interesting one for sure!

I for one welcome our new Mainland Chinese overlords

anyone check out this article? http://brooklyninvestor.blogspot.ca/2014/03/10x-pretax-earnings-case-studies-ko-bni.html

If I recall from Alice Schroder's Darden University talk, she states that WEB wants a 10% day 1 return.

Ignore all topics and posts relating to macro forecasting/predictions.

why not rename this thread title to Giofranchi's blog?

Can you ask him about how he sizes his bets? He was a big advocate of heavy concentration in a 10x10 configuration using the Kelly Formula but after 08/09, he was looking more towards smaller positions/diversification. He seems to have gone back to his original sizing and maybe moreso concentrated now.

I'm not sure if Ted Weschler is having a good year being that he a a pretty considerable position in GM which has been terrible this year

Ex-CFO and writer of TimHoward717.com joins Fairholm in suit against FNMA http://www.valuewalk.com/2014/09/ex-cfo-fannie-mae-timothy-howard-joins-berkowitz-suit/

FIFA will win!

Perhaps he took some profits off the table to plow back into GM warrants/commons which dropped quite a bit in the last quarter?

Lots of great answers in it as she is quite candid in her responses.

LULU BBRY GM

Liberty Media Liberty Ventures

What's James Montiers' investment track record and how much assets does he manage? Anyone know?

So the bill is to kill off the two companies, setup a new entity that would serve as a reinsurer of 90% of the losses and ask private entities (banks??) to assume the first 10% of the loss..

judging by the skin tone, i'd place my bet on Prem

It seems like there are a lot of experts on all things China in here! Maybe in the future when China drowns from "excess capacity", we'll start arguing about India in a state of bubble!

He was formerly a portfolio Manager of Equity Portfolio at GEICO a division of Berkshire Hathaway... it's good to see that he is a fan of John Malone

I also looked the following quote: And-if for some reason you think American business over the next 50 years is likely to be way less productive than it has been in the past-- then you can come to a negative conclusion on it. But I--came to a conclusion on that farm that it was likely to produce a little bit more over the years and that the crops would bring a little bit more over time and I bought it on a 10% yield-basis to start with. I recall in one of the past Alice Schroeder videos where she outlines his thought process and in particular to the fact that Warren needed 10% yield up front to be comfortable with an investment.. that quote just backs it up quite nicely