This is not an offering for sale
If you’ve seen billboards or newspapers inserts advertising real estate projects in Vancouver you may have noticed the strange disclaimer “This is not an offering for sale”. Seems odd to spend a bunch of money advertising something you’re not offering for sale doesn’t it? Why is this line of text omnipresent in presale advertisements?
Its all thanks to the Real Estate Developement Act which governs the marketing in British Columbia of development properties located anywhere in the world. The act limits marketing of projects without full disclosure but allows early marketing if the developer has obtained “approval in principle to construct or otherwise create the development unit from the appropriate municipal or other government authority” and “the superintendents permission to begin marketing”.
So in essence the act removes the right to advertise a condo or apartment before all the paperwork is in order, but then gives that right back as long as you assure people that this advertisement is not offering to sell you anything.
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November 28th, 2007 at 3:40 pm
I have to add my agreement to the overindulgent, self-obsessed boomers.
To add insult to injury, they also claim they are making the world a better place through environment awareness, human rights, etc. The bottom line is they are the ones who have wrecked the environment, and created the human rights mess we have (through non-action).
November 26th, 2007 at 9:58 am
MK-Kids here…
My university professor often told me about how good funding for students was when he went to University – tons of scholarships & bursaries, low tuition, student loans were unheard of. He said he would never have gone to university if he had to amass the debt most students have to today. I graduated with a graduate degree, received many scholarships & bursaries & by the time paid it off $20,000 in debt – half of which was interest at prime +4% I think to the Government. I was lucky. Many friends graduated with student loans in excess of $50,000.
I was in my mid-30’s before I paid off this debt. No savings, no downpayment for a house, no rrsps, no money to start a family… and no help from my boomer parents. This is a tough way to start your adult life. My grandparents paid the down payment for my parents first house but rest assured my parents aren’t returning the favor. I paid for my wedding, my parents gave us 2 grand as a gift. That’s like what, 1 week salary for them?!!! And they love to remind me about how I will have to take care of them in their old age! Fat chance.
I know all boomers aren’t this way but I know my parents are terribly selfish and self-indulgent. It’s sad really.
November 25th, 2007 at 5:25 pm
Deliverator:
Rest assured I’ve given your suggestion all the attention it deserves.
November 24th, 2007 at 2:05 pm
Scullboy,
You clearly have a lot of pent-up anger at your parents that you’re pouring onto this board. This forum, however, is not here for your self-administered personal therapy. Please consider taking your anti-boomer rants to a more appropriate forum.
(For the record, I’m from ‘Gen-X’, so please don’t start in on me with a predictable dismissal of my request.)
November 23rd, 2007 at 5:42 pm
Scullboy; “They were born into an era where their parents had the highest divorce rate in our history, the highest abortion rate, the highest dual income, and the most permissive parenting habits.” I agree!
but not all just most!
November 23rd, 2007 at 3:13 pm
In case anyone wonders why I hate the boomers so very, very much, I found this description of GenX:
Canadian novelist Douglas Coupland first coined “Generation X” to describe his own generation, which has been shaped by the following American family trends:
They were born during one of the most blatantly anti-child phases in history.
They were born into an era where their parents had the highest divorce rate in our history, the highest abortion rate, the highest dual income, and the most permissive parenting habits.
They were viewed as intrusive obstacles to their parents’ self-exploration.
There was terror on their streets.
They were the most unsupervised generation in our history.
Yeah that describes it pretty nicely. I can’t tell you how much I look forward to them tuning out, turning off and dropping off the face of the earth. Tick tock, you old bastards.
November 23rd, 2007 at 11:45 am
Strataman:
My complaints about the boomers are pretty much the following. And yeah I’m generalizing but I’ve found these things to be true of your generation:
1) They think they invented EVERYTHING. Check Digi’s CBC link. The boomer in the interview claims Gen X grew up with things like feminism because the boomers cleared they way. To me, that’s typical boomer bullsh*t arrogance. Don’t bother counting the efforts of the people who went before them, like the suffragettes… just claim the boomers we at the forefront.
2) Boomers NEVER grow up. Ever. They are on a constant bullsh*t journey to “find themselves” without ever considering the fallout. There’s no consideration whatsoever that their own parents built a foundation for them, and that they owe it to the next generation to do the same.
Nope… no way. They’ll go and “do their own thing, man…” leaving the generation after to (a) pick up the boomer’s mess and (b) look out for themselves. And then they have the nerve to criticize the gen Xers for not being as far ahead, because GenX has to start from scratch.
I don’t know you and it wouldn’t be fair to judge, but still you pretty much said the same things. I’ts just that you said it from your generation’s perspecive and I said it from mine.
You do indeed make your bed, then have to sleep in it.
I’ve heard that same thing from my own parents. They’ve just decided to get divorced and their recent antics have cost me about 4 grand (long story). They own a couple of oil companies and pull in about 350K. What did I get for my trouble? A pile of self-righteous horse shit, and the bill.
I’m patiently waiting. I’m looking forward to your generation getting a nice haircut in the upcoming market correction, and by “Haircut” I mean “scalping”.
Then when I hear some goddamn boomer whining I’m going to gleefully say the same thing. “You made your bed, now lie in it. too bad you lost half the value of your “investment property” but if you don’t cut the price in half, I’ll go to someone who will.”
Sorry, but I loathe the boomers. I loathe their selfishness, their self-obsessed bullshit perspective and most of all their determination to gobble up every last piece of everything while they still can.
November 22nd, 2007 at 7:36 pm
Strataman: I truly respect you, based on your above account, but you are not the typical boomer.
Most boomers haven’t evolved much from their cousin Satv.
November 22nd, 2007 at 4:58 pm
“THey drained their parents,, they drained/are draining their kids, they consumed like nobody in history” Scullboy what with the carte blanche judgement? I am a boomer by age I suppose but do not judge people by that. I have three kids who I am extremely close with in their 20’s and they do have complaints big time..that I never settled down and made a fortune but travelled the world worked in the most unusual places and brought them up full of life! They went to school in the boonies of BC for awhile,(lived on floating home miles from anywhere) then in Western Africa for their teens, and guess what? Their biggest fear now is that I’ll go do something else stupid. On the other hand their enthusiastic recounting of their adventures puts the typical GenX (all GenX are the same right?) baby in a state of disbelief. You know what? You make your own bed so sleep in it, don’t blame anyone!
Lifes to damn short! And retire? Only idiots retire!
November 22nd, 2007 at 2:32 pm
Digi:
It’s not jealousy. The boomers were the most overindulged generation in human history. THey drained their parents,, they drained/are draining their kids, they consumed like nobody in history and to top it all over as your stat illustrates when they were finished gorging themselves, they declared bankruptcy and stuck everyone else with the bill.
The one comfort I have is that they may finally have gorged themselves so ompletely, they’ll finally have to face up to their own damn greed. I *REALLY* hope so.
November 22nd, 2007 at 2:16 pm
I posted a follow up comment on that article Digi, surprisingly they published it.
BTW Strataman, I hope you don’t mind me referring to you as a ‘friend’ I thought “this guy who posts on a blog I go to” sounded pretty weak
November 22nd, 2007 at 12:41 pm
“This is not an offering for sale”
more facts
Drachen,Scullyboy,Tulip,
seems like you guys know what’s coming up yeah.
November 22nd, 2007 at 10:03 am
Whats with the generational jealousy? The boomers are a big mass of individuals and hardly a cohesive group that all acts or thinks the same. Not to mention maybe you should have more pity for them, after all Americans over 55 are filing for bankruptcy at a faster rate than the general population.
November 22nd, 2007 at 8:48 am
AMEN!
God I hate Boomers. They’re the most smug, arrogant greedy bastards on the planet. My father’s the worst of the bunch. I can’t tell you how many times I’ve heard him proclaim “Generation X is where it is because that’s all they deserve”. He goes on about (a) how much he wants a hummer
(b) global warming is a myth and (c) Nova Scotia should close half its universities in order to balance the budget.
The fucking boomers are getting older by the day, yet they’re still buying places like they’re in their early 20s.
I too am just waiting for a goold old fashioned deep recession…. something to wash away their equity.
tick, tock indeed. I might start going to wal-mart, just to sneer at the grey haired old fcuks working the aisles.
November 21st, 2007 at 6:46 pm
“Survey Show Boomers Remain Bullish
with approximately two million boomers planing to buy a home with in next three yearsâ€.
I don’t know what survey you are talking about, but I sure do hope it comes to fruition, It’s about time boomers get fcuked.
I would love to see you bastards work an extra shift at Macdonald’s , in your golden years to pay off the mortgage on the flip you won’t let go of once the price drops by 50%
Tick Tock, Tick Tock
November 21st, 2007 at 5:57 pm
satv:
Survey Show Boomers Remain Bullish
translated into English for you:
The decks chairs on the rear deck of the SS Titanic are all lined evenly and symmetrically.
it’s all good enjoy your cruise.
November 21st, 2007 at 2:58 pm
lol, this reminds me of all the online poker commercials with the disclaimer “this is not a gambling site”.
well duh.. partypoker.net (the site advertised) won’t let you gamble real money, but partypoker.com will. same goes for fulltiltpoker.net and ultimatebet.net, dummy sites that these companies set up so they can legally keep advertising on tv.
November 21st, 2007 at 1:04 pm
Umm Yeah, because Cameron Muir doesn’t have any vested interest in keeping the bubble going satv? I think the one Pope linked to is the wrong kind of pipe.
And of course the Real Estate Weekly is as fair and balanced (in the fox sense) as any journal covering real estate in Vancouver right?
November 21st, 2007 at 12:56 pm
The Pope,
Thanks for the post that answer lots of our previous question and for the future.
I have a full copy of contract but I was always wondering how to write down hundred pages in on message here.
But still I can answer some particulars in future over all excellent post to understand logic together.
OT
I got freako’s copy rolled over to my unit which is Real Estate Weekly reporting some headlines refered from CMHC,ANGUS REID STRATEGIES.
Headlines
Survey Show Boomers Remain Bullish
with approximately two million boomers planing to buy a home with in next three years.
Headline-2
U.S.BUYERS ATTRACTED TO VANCOUVER
The soaring loonie won’t deter most foreign buyers,except perhaps at margin,said Cameron Muir,cheif economist BCREA.
Countinue Climbing Towards HeightsGo Bravo GO
Richard,Rob thanx for the link on last page.Where is “Rentha”