Deep again today. So deep I wasn't even turning. Straight down and snow up to my hips. Crazy for November. If you can get up tomorrow alpine could be epic. Be safe have fun! Sorry no pics… no timeí ½í¸
yesterday was one of the deepest powder days I have had on blackcomb in the past 5 years.
literally over the head in spots. Still early days though, hit loads of stuff.
I was with my kids!! dont get me wrong i love them but they sometimes they get in the way!!
The government building anything is only contributing to the problem, with the added benefit of lining more developers pockets.
Policy will fix this, but as long as their biggest contributors pay them to do otherwise, they'll do otherwise.
Elections coming up, go vote. If you really want change participate by joining activist groups, unions, associations… internet, facebook does not work. Be a participant not a bystander. Good example of action is the teachers winning at supreme court againts bc libs.
what about all the direct employment. construction, banks, real estate agents, lawyers, retail(home depot etc..) the list is long. Not to mention property tax revenues for the government. If the housing market crashes in Vancouver the price of housing will the least of our problems.
This is why corrections are long and painful. Sellers refuse to "give up equity" and buyers don't want to catch a falling knife, so we get a long slow melt.
Lots of stuff at play:
- 5-year rates up
- US Treasuries on the rise, very high chance Fed hikes rate on Dec 14 which will put more upward pressure (yes in Canada too)
- Foreign buyers tax BC
- Empty house tax in Van
- New mortgage stress test for high leverage goofs
Once the negative momentum starts, it's hard to reverse, especially in a slow growth economy like ours.
Not to mention that anything that is related to housing is the #1 employer, by far, in the GVRD. I cant think of a single industry that comes even close in BC. Correct me if I'm wrong but I dont think I am.
Baha my buddy who bought in Coverdale at the peak in the summer for 900k is now likely underwater. Just that easy folks.
Why would he be in trouble? Unless he's fliping it or cant aford it he should be ok. The only way he can get in trouble is if he's on the edge and intrest rates go up.
I disagree. Anyone climbing on one of the newer bikes will tell you the angles are one of the biggest differences. A lot of R[HTML_REMOVED]D time goes into adjusting the geometry and testing it to make sure they get it right while maintaining (within certain parameters) strength and durability).
do you know how easy it is to weld up a steel frame for testing.
If I remember correctly, when Santa Cruz was testing/designing the V10 each bike was super expensive. Today with solidworks and other engineering software, testing is way better, easier and cheaper. rnd is getting cheaper all the time.
Oh man that was tough.. I did Seymour and fromme but bailed after that, the 2 people that said they were going to join me bailed this morning and I attempted it solo. I got kinda discouraged at the daunting task of still having to ride cypress with wet loaves of bread on my feet. Next year in the dry with people is more sensible..
still pretty good considering the weather.