“In Vancouver there is no economic engine driving the local economy other than Real Estate. An economist at one of the local business schools said it’s like watching a game of Kerplunk.”

‘Fool me once…’ at greaterfool.ca 20 Dec 2010 1:10am“I have spent all of my 50 years here in Vancouver. … This was a beautiful spot to grow up and raise a family. Was being the operative word. There is no economic engine driving the local economy other than anything related to Real Estate. This includes construction as well. Most of the local activity is supported by this sector. An economist at one of the local business schools said it’s like watching a game of Kerplunk, all the balls are still in play, but there’s only one stick left to hold them up. The stick is going to come out at some point of the game.”

6 responses to ““In Vancouver there is no economic engine driving the local economy other than Real Estate. An economist at one of the local business schools said it’s like watching a game of Kerplunk.”

  1. Sounds like Ireland four years ago!

  2. FoolMeOnce is to be admired for their concision but Mr.Obvious’ polemic is more telling… and probably worthy of a new VREAA anecdotal categorization (disillusioned indigenes?)…

    http://tinyurl.com/269norc

  3. No, real estate comes only on second place, the real winner in this province is the drug industry. Wisen up, start a grow op and buy a house to launder the money. It is good for the economy and your own well being.

  4. I hear it was quite the year for the Howe St boiler room frat boys. Judging by the number of young punks tossing around $100 bills as tips (you know, the ones decked out in $2500 designer suits, beautifully coiffed faux hawks, plucked eyebrows, designer specs, complete w/ full on rock star attitude, but not a clue in the world) at the various local watering holes (uh, I mean “wine bars”), things are all good in the paper hanging industry too. I am willing to go out on a limb and suggest this crowd made significantly more than anyone else did in 2010. Congrats boys! Go out and buy yourselves a new Bentley and perhaps a bigger and better mansion while we’re at it. BTW, whatever happened to the recession and that stock market meltdown thingy that occurred in…I think it was in 2008, right? How quickly we all forget…

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