RE:Under IFRS ...
Good post. You in TGA and me in YVR should be interesting. Haven't shorted this one yet, I need to have a clearer view and dig a lot more to feel comfortable going short on anything that isn't heading to zero.
Certainly very bubbly as you say it. I worry when primiary home owners go into debt to buy real estate as "investments" when credit is cheap (because of the market 2008 fiasco). They haven't even calculated maintenance, insurance, etc etc costs. Some do it because they calculate the loans raw per momth and go, "I can affort that"! Not understanding the true costs of owning and making provisions to weather the storms.
I have renters and I keep having to tell them the price they pay is market. They get blown away if I sit down with them and break down the monthly costs to support taxes, utilities, etc etc
Keep posting. The factual posts are the best.
I would not get into petty arguments with longs. Many are traditional investors who don't understand that one needs to go long and short to truly have a balanced portfolio. Shorting is legal and it's a real market reality (and risk) on overinflated stocks, sectors and markets. If you are long.