People don’t have to sell but hold on?
No thats not true.
Anecdote:
Some extended family members inherited some prime oceanfront real estate. One parcel was their parents principal residence , not a problem.
However,there is another parcel in the estate. When an estate gets settled, such property is deemed SOLD at time of death, and unless primary residence, it will be hit with big time taxes( not to mention the NDP’s “probate fee” flat rate of 3% I believe).
They are now forced to sell this in order to pay the taxes on the bare lot.., and the double whammy may be that when their parent died they may take the hit at the higher price at the time of death than what they could get now.
Not everyone can wait out a RE storm..for a number of reasons.
Dubai has it’s own False Creek sewage issue. God awful mess. I have been to Bali this year and Thailand and saw first hand that all these places just run drain pipes into the ocean and flush everything into the ocean. The beaches ar ruined in Phuket, Pattaya, Ko Samui, Kuta, as the reporter writes herein ” it would be like swimmimg in a toilet”. In this regard we are truly ‘world class’.
Starbucks says it will lay off ANOTHER 7000 !!! Closes EVEN more ( had closed 300 and will now close 600 more)stores. These guys have been announcing bad news every day and everyday it’s worse. Where are the condo warriors when you need them?
When “refugees” are here improperly they are a drain on everybody here legally. They work on your condo instead of Canadians, they do not pay taxes or BUY condos. If you need social services after losing all your money on your chitty condo you probably won’t get it because the improper demand is always greater than our incredibly dopey supply.
Lower mainland condo prices and our ridiculous propensity to let immoral scammers rip us off … neither can last.
Soopie soopie soopie, even the most optimistic spokesperson ( see how politically correct I’ve become) from our government or the US government is not forecasting any kind of recovery in the 3rd Q 2009. In fact the numbers continue to deteriorate by the day.
The smartest people in the world are meeting in Davos Switzerland right now and the predictions that are coming out of the world bank and national government spokesmen and Women ( oh I’m just gushing with goo feelings now) are that the situation is worsening now to a point where the 2009 – 2012 recession is going to make the 1930′s depression look like a trip to Disneyland. Read the posted quote from George Soros in an earlier post. If you haven’t heard of Mr. Soros you should just understand thats he’s not saying ” It’s differant this time”.
Sorry to burst your bubble dude, but this is all public information and several excellent pieces have been posted on this site today.
BBC news just reported that it’s expected that 50 million or more jobs will be lost this year. The IMF said this morning that Canada is likely to be hit harder than many other G-8 countries. Does that sound like a bottom to you?
“But for some reason Vancouverites see themselves as being like Paris or New York (as the tired RE cliche about prices proves). But God help you if you point this out to anyone. It seems like the clock stopped in Vancouver in about 1988″.
Unfortunately, we have been lulled into a false sense of security. We never had much of a fall back position. My estimation it goes back to 1980 and the MURB boom bust.
It concerned me that Mill after Mill closed on the Fraser River , BC #1 Industry,….those were the kind of middle class jobs that allowed for the middle class lifestyle.
It got to a point we became beholden to external forces beyond our control…and I think we put a downpayment on our collective souls by accepting all that influx of offshore investment…lets say the EXPO lands sale were the first nail in the coffin.
I never felt that comfortable about it..reminded me too much of the “golden goose” children story, as well as ” the emperor has no clothes “, and that it had to end one day, it made no sense and was unsustainable . BC economy was basically a legal laundering of money that created an RE bubble due to implode. The 1990′s Dot.com bomb was the same story of speculation , simply different commodity. Everyone enjoyed the party, and felt it would go on forever . In hindsight the signs were all there it would not, this was only temporary .
The problem is , it reached such a crescendo, it will wipe out so many previous sources of income (ie factories etc.) these jobs will never come back. Its like a bomb was dropped and nothing left to rebuild or go back to. In a recession things get slowed down but don’t hit a brick wall or go over a cliff.
Not sure if anyone posted this link yet but it’s nicely compiled census data by riding. Has some nice tidbits regarding pecentage of population paying over 30% of income on housing and rents.
Is someone moderating this site? What does Refugees have to do with Real Estate and Condos in BC?
Do we want to become an intolerant society just because some Refugees may have to go on welfare. The vast majority (legally) find work in Canada pending their decision. It is not the refugees fault that the system takes so long to come to a decision.
After Richmond Fireman scandal got exposed (school girl thing, and female firefighters quitting)…City went on some navel gazing and went on the old affirmative action thing.
I know a fireman and he told me that the atmosphere is quite toxic…and that Senior City managers are now the de-facto ” fire chief “. I though it was an interim measure.
However, it was reported recently that they have been looking for a new Fire Chief for over a year. The paper reports a source as saying that no one wants the job because of senior staff they would have to work with.
Two councillors seem oblivious to this or in denial….and one is actually married to an ex Fire Chief.
Sometimes it’s an old boys club within an old boys club.
“If believing that their house is different makes them happy, then good for them, as long as they don’t need to sell. I can believe that the moon is made out of cheese and my collection of vintage 1997 bottle caps is priceless, but that doesn’t make it true.”
If those who continue to list high prices continue to do so, if all of them join forces and list higher, nobody will ever get to buy their real estate.
“Any time you hear someone say ‘it’s differant this time’ you should run like hell.”
I think it’s different this time. If the US economy recovers in the 3rd quarter, Vancouver will weather the storm. People will just hang on until the turnaround.
12 months for determination, 12 months on appeal of deportation.
Number one country … Mexico
(The government website helpfully explains that being threatened by a drug cartel is a successful way to be granted refugee status in Canada) … not a joke.
It just seems like Vancouver is so tiny and isolated, very much like a small town – everybody in any field knows, or knows of everybody else in their field, so why should cops, real estate agents, newspaper & advertising people be any different. Nobody is going to rock the boat in any field and then run into flack at Church/office party/soccer practice. What’s the expression about Six Degrees of separation? I think in Vancouver it’s more like Three (as No-Lympics says, every area of life in Vancouver seems to be a sort of Old Boys Club).
But for some reason Vancouverites see themselves as being like Paris or New York (as the tired RE cliche about prices proves). But God help you if you point this out to anyone. It seems like the clock stopped in Vancouver in about 1988
(And I apologize in advance if I offend anyone, but that’s just my perception).
Now I think I’ll just duck under this table until the bottles and cans stop flying…
Heres a real life vision of tech hell. Think you don’t need a high end degree to keep your job? Listen to this as aa guy tells it exactly like it is when recessions hit. Somebody mentioned earlier that the minimum standard of Singapore was Ph.D, thats what happens in a depressed market, jobs get squeezed out until only the uber workers survive. If you don’t have savings , you’re fucked.
“You have to realize the size of the problem confronting us today is significantly larger than in the ‘30s,” George Soros, the billionaire hedge-fund owner and philanthropist, said today. “The situation will continue to deteriorate.”
Don’t forget the massive layoff of managers from Starbucks in two tranches in the past 90 days I think the body count was around 6000 jobs lost. Many many stores closed.
and don’t you just love that word ‘alleged’ used in heavy rotation, in spite of the fact that there were at least 6 witnesses close proximity, 3 of whom who actively trying to get the police/thugs/drunken cracked up tweakers ( cause lets face it way too much time had elapsed between leaving the Roxie bar for an alcohol high and beating up the paper guy, so they had to have some additional stimulation) 2 of whom were city workers threatening them ( the cops) with shovels if they didn’t stop. This came out at the time but has all been quickly hushed up. What about the fact that one cop had hijacked a driver of a corvette using his police ID to get to the beating, what happened to that information Sssshhhhhhhhh, don’t say any more….
OK, why did the press miss the cops being released from jail? Why weren’t the cops given a blood or alcohol test like anyone else would have. Theres been talk of DNA evidence collected but nothing related to the murderous intent of the cops has even been hinted to in the washed over charges recommended to the crown. Is it supposed to be enough that two of these assholes gets suspended with pay? hell no, they should be headed straight to jail without pay!!!
What a fucked up press ,, what a fucked up city. Boy , this makes me steam. Will I be going to the Roxy any time soon? Not with that recommendation thats for sure. I’m not big on hanging with total scum.
It’s an old boys club, and I think even the politicians fear them.
Any of you remember previous VPD chiefs that got dirt dug up on them and had to quit…remember the Chief that had an old video of him supposely hitting a prisoner?
Was that done in the public’s interest, or to settle an old score. Stories abound re parties feeling jilted and passed over for promotions and nailing their own comrades. Same with Victoria’s Battershill..seesm like in internal grudge got settled big time.
I will give new West Van Chief Kash Heed and VPD Chief Chu credit for nipping things in the bud early, but that may be their career death wish, unless they are pure as the driven snow.
ALSO:
Police used to recruit right out of high Scholl.
Now they want them to have post secondary diplomas or degrees.
IMHO, these new recruits are clueless social -worker with guns….no grasp of reality , no common sense,.. kevlar clad cowboys with tasers at the ready.
How many MORE stories are there REALLY out there re drunk cops, racist cops, etc….we have see the ones that have been reported. I think there is a serious problem with how they are both screened and trained.
I had respect for the old school police..the newer crop of cops are some of the biggest threats to society.
“At the end of any big party, there are always a handful of people too inept or too drunk to realize that the party’s over and it’s time to pack up and go home.”
Yeah if you realize now it’s time to run to buy again, don’t you notice green lights everywhere? Everywhere Just Got Better!This one is no different for Vancouver because hey Vancouver is different.”Best place on earth”.-Forever.
so true, glad you’re awake, it gets a bit lonely sometimes. it’s just amazing how many seemingly intelligent people will just park thier brains and suck down any sort of bullshit that is ladled out from these ‘news organizations’.
A year ago the Kool Aid dispensers in Seattle were saying the same thing as here in vanc. They were saying ” it’s differant here”. Well , looking at recent CS graphes the Seattle market has fallen hard and is currently passing through 2005 levels and falling.
Seattle has always been a boom and bust town much like vanc. It is being hit by massive layoffs from major employers, Boeing, Microsoft and all the techs and now retail is getting killed along with the Port of Seattle is a dead zone. Americans are much more mobile than canadians, they tend to pick up and move far more frequently than CDN’s do. This jobless geography is pushing hundreds of thousands to leave Calif, Nev and Florida for ex, Washington is heading into an abyss, no doubt.
Any time you hear someone say ‘it’s differant this time’ you should run like hell.
Locally, Gordo Campbell let slip in the Province interview this morning that ” jobs were coming in 90 days’ well isn’t that convieniantly about two weeks before election day in May? There will be a plethora of mostly regurgitated policy announcements and whatever Federal plate scrapings are going into the infrustructure file, but I suspect the news will be mostly fluff as it my opinion that the coffers are bare with the government blowing the cash reserves on ‘unlisted’ Olympic projects with no savings for the great badness ahead.
Don’t forget that the infrastructure money is contingent on Provincial monies matching Fed funds.
Re: spin control on the police who (allegedly) beat the newspaper delivery man.
I’ve never been in a city that relied so heavily on spin & PR, yet does it SO amateurishly. From racist incompetent police, to “targeted shootings” (tell that to the gas meter reader that got killed), to crashing real estate, to (gag) “The Best Place on Earth”. As long as you can find one of the business friendly media outlets, you’re free and clear.
Seattle’s downturn was time-delayed and only occurred recently, as was Vancouver’s, and there still exists a lot of denial there, same as here.
At the end of any big party, there are always a handful of people too inept or too drunk to realize that the party’s over and it’s time to pack up and go home. This one’s no different.
And there, I see, is a familiar Vancouver name: Bob Rennie, being quoted about a condo project in Ballard (one of the several gentrifying neighbourhoods down here outside the central core) that he’s marketing. “This is the fastest-selling project in Seattle, and, quite possibly, in the United States,” says Rennie. “This is the time to buy and they are choosing Canal Station.” Apparently, 80 per cent is sold. Ah, some things never change.
=============================================
This is where BC ‘s most infamous native son since Olsen has been hiding ?
Arrest the SOB !
Seems like old Jim does have in interesting resume’.
Intersting old Rob Macdonald. old uber ” hang the Lefties -NDP high ranter ” at recent UDI event has used old Jim Green as well.
reading this story, old Jim is developing a niche’ being used as a facilitator ( by several developers, and recently Millenium) to bridge the various political fences.
Supraboy: Why is that a problem for anyone but them? Most people seem to need to believe that their home is different and hasn’t fallen in value like the rest of the market. Just look at all the listings in Vancouver where people are asking peak prices, but can’t even get people to look at their open house.
If believing that their house is different makes them happy, then good for them, as long as they don’t need to sell. I can believe that the moon is made out of cheese and my collection of vintage 1997 bottle caps is priceless, but that doesn’t make it true.
Looks mighty ugly in Seattle, the problem is I still have friends down there that are quite cocky saying the prices there are still holding up in their neighborhood. I wonder where the truth lies.
The Chief economist for the Canadian Center for Policy Alternatives was interviewed by CTV reporters today, these are the highlights of the interview.
- Over 100,000 jobs lost in Canada in Nov and dec alone, Jan is still being tallyed expects thousands more.
- 6 out of 10 workers do not qualify to collect EI in the event of a layoff
- majority of Canadian workers are two weeks away from poverty
- There is an ongoing stripping of assets from the Canadian middle class
- Wave of job losses coming and will be sustained as the worst period in canadian history
- Economic crisis is at our doorstep
- hundreds of thousands of Canadians are going to lose thier jobs
- we are in for a long and prolonged period of hardship
say’s ” if you don’t have savings. you’re in trouble.
Are you still in the market for a condo? Do you believe that our great leaders and the industry spokesmen in the local market place are telling you the truth?
blackdog: Very entertaining. Lets take this line by line, shall we?
“Since you swallow every twisted politically correct line of crap you’re told by your government and lickspittle media jump on this publication from the official government of Iran.”
What “twisted politically correct line of crap” have I swallowed, exactly? Care to quote something? The funny thing is that you and I probably agree on a lot of the same values. Fake refugee claimants and illegal immigrants should be packed off posthaste, and every dollar we spend on them is a dollar wasted. Agree? Disagree? Relevance to this blog?
“You have to fall in line with this because it’s a ‘government’ issue.”
It took me a while to figure this out, but you’re suggesting that I would agree with Iranian propaganda because… sorry, you’ve still lost me.
“Are you right and everyone else is wrong?”
This gave me a real chuckle. You do realize you are using Bob Rennie’s argument here, do you not? Disagreeing with you doesn’t make me wrong, and I’m the only one who’s been using verifiable information in our little discussion. You’ve been sticking to very poor attempts at character assassination and ignoring the reality that your “factual published information” isn’t.
“Maybe you’re just mentally lazy and you assume these politically correct ideals as your own because you’re desperate to conform. Baaaaaaaaahhhhhhhh.”
Maybe I’m this, maybe I’m that. You aren’t doing a very good job of pointing out any flaws in my argument or my “factual published information” are you? Have you noticed yet that you’ve been reduced to making ad hominem attacks, while I’ve made none?
Oh, and nice link by the way. You score an extra point for being the first person to bring The Big H into this entire 200+ entry comment thread. A gold star for blackdog!
Stuckman: They (refugee claimants) are putting themselves above those willing to follow the rules, and 3 of 4 of them are scammers that we CAN’T get rid of for 2 freakin years.
Sure we can. There’s no law that says it has to take 2 years to process their cases. The reason that it takes 2 years is that the government won’t allocate sufficient resources to process them more quickly.
Now why not? Maybe they want to keep the small time scammers around to take people’s minds off the big time scammers?
Our Downtown East Side is notorious in North America.
However, we have let the situation evolve within our control or lack thereof without outside interference.
However, much like Suhartos visit in the 1990′s and Sargent Pepper…people will see the black hand of forces OUTSIDE of COV’s tolerance of what exist at the Downtown East Side (ie the IOC and associated mafia ) take over control.
BOTH “Non -rent- a -crowd” and “rent -a -crowd” will be out in force when the sanitizing of the homeless etc happens, and the nasty results will undoubtedly happen when the police intervene . This will make Suharto’s visit look like a Shriner’s convention. Bet on It.
Then we will see how toothless and uselss our Local Gov’t's are, kool -aid swallowers and toads to outside interests, but at least it becomes crystal clear vs simply the usual suspicions and allegations .
Large stimulus package for building hockey rinks is good plan for everyone as Canadian helicopter lifts off. Good time to buy condos as Obama-like wave of spending here for ever.
Gordo is our number #1 cheerleader. he’s going to try to convince us that everythings just fine as long as you stay ‘confident’. He has swallowed the bathwater of Cameron Muir who has stated that consumer confidence is at the heart of the downturn as lack of confidence is a mental disorder. Theres a lot of Campbells buddies holding a lot of unsold condos looking for a sucker to bail them out. RA RA RA SISS BOOM BA !!!!
It reminds me of the catch phrase the government was using during the Great Depression of the 1930′s
” Better days are just ahead”, which was true when the good times came back 20 years later.
BTW an RCMP planner made a verbal goof in a presentation to the city of Kelowna last week when he accidentally included the PD COV plan to remove the ‘homeless’ from Vancouver for the 2010 games. He was reminding the City of Kelowna that they would have to budget for extra policing costs due to this. Well, the same day a ‘spokesman’ for the RCMP was back-peddling and playing it down as an outside issue and not an official position.
It will be a police state in 2010. Make no doubt that traffic police check points and barricades will make life a living hell while the royals of the Vanoc, COV, POBC, GOC , OOC fly around town in thier limo’s. The locals will be treated like shit and suspect to search and siezure without cause.
There is so much plywood showing as to be an obvious joke to anybody with any construction experience whatsoever.
The foundation on MW 4 was poured 13 months ago. Where the flying fork is the glass?
That envelope MUST be complete before attempting to put up drywall. The supposed schedule means there bloody well should be plenty of drywall up by now. It ain’t.
The western Arthur Erickson building (the largest, curved one on the waterfront) is particularly noticeable because it’s so tall and because it doesn’t have a single window pane on it yet. Instead, it stands like some kind of unusual sculpture at the corner of the site, particularly noticeable when you’re driving across the Cambie Bridge.
That building is also attracting attention from other developers, who wonder what the heck is going on with it. I was at the Urban Developers Institute Christmas party last night, a plush affair at the Fairmont Hotel that attracted a whack of politicians, developers and their staffs, affiliated trades companies and lawyes, and the odd media schmoozer such as myself.
Talking with one about the Olympic village project, a favourite topic these days because of all the melodrama surrounding it, one developer said to me he couldn’t understand what was happening at the site, especially the Erickson building.
QUOTE:
What I’ve been told by a senior person at the project is that they’re trying a new method. Instead of putting the windows on from the bottom up, they’re going to put the windows on from the top down. They can do that because it’s a twisting building, so it doesn’t need to have windows from the lower floors supporting windows on the upper floors, the way normal straight up and down buildings do.
etc.
==============
Try something new when you have a deadline to meet?
Keep in mind the difference between immigrants and refugees.
Refugees are claiming persecution with a clear and present danger to their safety. They are putting themselves above those willing to follow the rules, and 3 of 4 of them are scammers that we CAN’T get rid of for 2 freakin years.
My issue is abuse of the refugee system. I encourage the concept of immigration. Good people wanting to contribute to society are great … scammers looking to enrich themselves off our stupidity are not.
January 28th, 2009 at 4:03 pm
Supraboy:
People don’t have to sell but hold on?
No thats not true.
Anecdote:
Some extended family members inherited some prime oceanfront real estate. One parcel was their parents principal residence , not a problem.
However,there is another parcel in the estate. When an estate gets settled, such property is deemed SOLD at time of death, and unless primary residence, it will be hit with big time taxes( not to mention the NDP’s “probate fee” flat rate of 3% I believe).
They are now forced to sell this in order to pay the taxes on the bare lot.., and the double whammy may be that when their parent died they may take the hit at the higher price at the time of death than what they could get now.
Not everyone can wait out a RE storm..for a number of reasons.
January 28th, 2009 at 4:02 pm
Dubai has it’s own False Creek sewage issue. God awful mess. I have been to Bali this year and Thailand and saw first hand that all these places just run drain pipes into the ocean and flush everything into the ocean. The beaches ar ruined in Phuket, Pattaya, Ko Samui, Kuta, as the reporter writes herein ” it would be like swimmimg in a toilet”. In this regard we are truly ‘world class’.
http://www.timesonline.co.uk/t.....607619.ece
January 28th, 2009 at 3:51 pm
Starbucks says it will lay off ANOTHER 7000 !!! Closes EVEN more ( had closed 300 and will now close 600 more)stores. These guys have been announcing bad news every day and everyday it’s worse. Where are the condo warriors when you need them?
http://news.yahoo.com/s/ap/200....._starbucks
January 28th, 2009 at 3:45 pm
AOL swings the axe today . 700 gone. Is the internet dying?
http://tech.yahoo.com/news/ap/.....ol_layoffs
January 28th, 2009 at 3:33 pm
The connection is very clear
When “refugees” are here improperly they are a drain on everybody here legally. They work on your condo instead of Canadians, they do not pay taxes or BUY condos. If you need social services after losing all your money on your chitty condo you probably won’t get it because the improper demand is always greater than our incredibly dopey supply.
Lower mainland condo prices and our ridiculous propensity to let immoral scammers rip us off … neither can last.
January 28th, 2009 at 3:30 pm
Supraboy:
Soopie soopie soopie, even the most optimistic spokesperson ( see how politically correct I’ve become) from our government or the US government is not forecasting any kind of recovery in the 3rd Q 2009. In fact the numbers continue to deteriorate by the day.
The smartest people in the world are meeting in Davos Switzerland right now and the predictions that are coming out of the world bank and national government spokesmen and Women ( oh I’m just gushing with goo feelings now) are that the situation is worsening now to a point where the 2009 – 2012 recession is going to make the 1930′s depression look like a trip to Disneyland. Read the posted quote from George Soros in an earlier post. If you haven’t heard of Mr. Soros you should just understand thats he’s not saying ” It’s differant this time”.
Sorry to burst your bubble dude, but this is all public information and several excellent pieces have been posted on this site today.
BBC news just reported that it’s expected that 50 million or more jobs will be lost this year. The IMF said this morning that Canada is likely to be hit harder than many other G-8 countries. Does that sound like a bottom to you?
January 28th, 2009 at 3:29 pm
bubble Lad
Quote:
“But for some reason Vancouverites see themselves as being like Paris or New York (as the tired RE cliche about prices proves). But God help you if you point this out to anyone. It seems like the clock stopped in Vancouver in about 1988″.
Unfortunately, we have been lulled into a false sense of security. We never had much of a fall back position. My estimation it goes back to 1980 and the MURB boom bust.
It concerned me that Mill after Mill closed on the Fraser River , BC #1 Industry,….those were the kind of middle class jobs that allowed for the middle class lifestyle.
It got to a point we became beholden to external forces beyond our control…and I think we put a downpayment on our collective souls by accepting all that influx of offshore investment…lets say the EXPO lands sale were the first nail in the coffin.
I never felt that comfortable about it..reminded me too much of the “golden goose” children story, as well as ” the emperor has no clothes “, and that it had to end one day, it made no sense and was unsustainable . BC economy was basically a legal laundering of money that created an RE bubble due to implode. The 1990′s Dot.com bomb was the same story of speculation , simply different commodity. Everyone enjoyed the party, and felt it would go on forever . In hindsight the signs were all there it would not, this was only temporary .
The problem is , it reached such a crescendo, it will wipe out so many previous sources of income (ie factories etc.) these jobs will never come back. Its like a bomb was dropped and nothing left to rebuild or go back to. In a recession things get slowed down but don’t hit a brick wall or go over a cliff.
January 28th, 2009 at 3:24 pm
Not sure if anyone posted this link yet but it’s nicely compiled census data by riding. Has some nice tidbits regarding pecentage of population paying over 30% of income on housing and rents.
http://www.bcstats.gov.bc.ca/d.....ped_06.asp
January 28th, 2009 at 3:14 pm
Is someone moderating this site? What does Refugees have to do with Real Estate and Condos in BC?
Do we want to become an intolerant society just because some Refugees may have to go on welfare. The vast majority (legally) find work in Canada pending their decision. It is not the refugees fault that the system takes so long to come to a decision.
January 28th, 2009 at 3:06 pm
Re: the dark hand of old boys clubs.
After Richmond Fireman scandal got exposed (school girl thing, and female firefighters quitting)…City went on some navel gazing and went on the old affirmative action thing.
I know a fireman and he told me that the atmosphere is quite toxic…and that Senior City managers are now the de-facto ” fire chief “. I though it was an interim measure.
However, it was reported recently that they have been looking for a new Fire Chief for over a year. The paper reports a source as saying that no one wants the job because of senior staff they would have to work with.
Two councillors seem oblivious to this or in denial….and one is actually married to an ex Fire Chief.
Sometimes it’s an old boys club within an old boys club.
January 28th, 2009 at 2:44 pm
By extension …
There will be 56,000 refugee claimants awaiting decisions in 2009.
If 3 in 4 are here improperly that means 42,000 people will be improperly collecting welfare, medical benefits, and other federal benefits in 2009.
In BC welfare is $ 585 per month. Thats $ 294 million for a single year.
January 28th, 2009 at 2:42 pm
“If believing that their house is different makes them happy, then good for them, as long as they don’t need to sell. I can believe that the moon is made out of cheese and my collection of vintage 1997 bottle caps is priceless, but that doesn’t make it true.”
If those who continue to list high prices continue to do so, if all of them join forces and list higher, nobody will ever get to buy their real estate.
“Any time you hear someone say ‘it’s differant this time’ you should run like hell.”
I think it’s different this time. If the US economy recovers in the 3rd quarter, Vancouver will weather the storm. People will just hang on until the turnaround.
January 28th, 2009 at 2:36 pm
Actually it would be twice as awesome to be homosexual. (again, absolutely no joke)
I beleive Canada has a growing refugee crisis of homosexual Mexican ex-drug cartel members threatened by cruel and unusual treatment.
(o.k. a joke, or not, I just can’t stand it)
January 28th, 2009 at 2:23 pm
41,900 refugee claims pending in Canada as of Q1 2008.
30,500 new claims referred in 08. Claims finalized in 08 … 14,800
http://www.irb-cisr.gc.ca/en/m.....acts_e.htm
12 months for determination, 12 months on appeal of deportation.
Number one country … Mexico
(The government website helpfully explains that being threatened by a drug cartel is a successful way to be granted refugee status in Canada) … not a joke.
January 28th, 2009 at 2:05 pm
It just seems like Vancouver is so tiny and isolated, very much like a small town – everybody in any field knows, or knows of everybody else in their field, so why should cops, real estate agents, newspaper & advertising people be any different. Nobody is going to rock the boat in any field and then run into flack at Church/office party/soccer practice. What’s the expression about Six Degrees of separation? I think in Vancouver it’s more like Three (as No-Lympics says, every area of life in Vancouver seems to be a sort of Old Boys Club).
But for some reason Vancouverites see themselves as being like Paris or New York (as the tired RE cliche about prices proves). But God help you if you point this out to anyone. It seems like the clock stopped in Vancouver in about 1988
(And I apologize in advance if I offend anyone, but that’s just my perception).
Now I think I’ll just duck under this table until the bottles and cans stop flying…
January 28th, 2009 at 1:50 pm
Good News – EI tax fund is now 57 Billion.
Bad News – EI tax fund doesn’t really exist. It was used to pay down the debt.
January 28th, 2009 at 1:44 pm
Heres a real life vision of tech hell. Think you don’t need a high end degree to keep your job? Listen to this as aa guy tells it exactly like it is when recessions hit. Somebody mentioned earlier that the minimum standard of Singapore was Ph.D, thats what happens in a depressed market, jobs get squeezed out until only the uber workers survive. If you don’t have savings , you’re fucked.
http://www.ireport.com/docs/DOC-202962
January 28th, 2009 at 1:32 pm
The 1980′s are back. : “It’s bad, it’s so bad here”. Thousands of unemployed professionals in 3 hour line at job fair.
read and be very afraid, very afraid, cause it’s coming to an EI office near you.
http://www.cnn.com/2009/LIVING.....pstoryview
January 28th, 2009 at 1:31 pm
i have friends who made good money from recent real estate bubble by selling to chinese and iranians and other brown people.
yet , when we get together for drinks, he makes racist remarks blaming unaffordable prices for common canadians due
to minorities .. go figure…
let the racist games begin in 2010…as times get tough, blame brown and yellow peril..
January 28th, 2009 at 1:23 pm
truthin’ advertising:
“You have to realize the size of the problem confronting us today is significantly larger than in the ‘30s,” George Soros, the billionaire hedge-fund owner and philanthropist, said today. “The situation will continue to deteriorate.”
http://freemarketnews.com/WorldNews.asp?nid=57813
January 28th, 2009 at 1:18 pm
truthin’ advertising:
Oh yeah and weyerhauser just closed two more mills in the area.
January 28th, 2009 at 1:18 pm
realestatesplatter:
Don’t forget the massive layoff of managers from Starbucks in two tranches in the past 90 days I think the body count was around 6000 jobs lost. Many many stores closed.
January 28th, 2009 at 1:11 pm
truthin’ advertising:
and don’t you just love that word ‘alleged’ used in heavy rotation, in spite of the fact that there were at least 6 witnesses close proximity, 3 of whom who actively trying to get the police/thugs/drunken cracked up tweakers ( cause lets face it way too much time had elapsed between leaving the Roxie bar for an alcohol high and beating up the paper guy, so they had to have some additional stimulation) 2 of whom were city workers threatening them ( the cops) with shovels if they didn’t stop. This came out at the time but has all been quickly hushed up. What about the fact that one cop had hijacked a driver of a corvette using his police ID to get to the beating, what happened to that information Sssshhhhhhhhh, don’t say any more….
OK, why did the press miss the cops being released from jail? Why weren’t the cops given a blood or alcohol test like anyone else would have. Theres been talk of DNA evidence collected but nothing related to the murderous intent of the cops has even been hinted to in the washed over charges recommended to the crown. Is it supposed to be enough that two of these assholes gets suspended with pay? hell no, they should be headed straight to jail without pay!!!
What a fucked up press ,, what a fucked up city. Boy , this makes me steam. Will I be going to the Roxy any time soon? Not with that recommendation thats for sure. I’m not big on hanging with total scum.
January 28th, 2009 at 1:05 pm
RE: Police
It’s an old boys club, and I think even the politicians fear them.
Any of you remember previous VPD chiefs that got dirt dug up on them and had to quit…remember the Chief that had an old video of him supposely hitting a prisoner?
Was that done in the public’s interest, or to settle an old score. Stories abound re parties feeling jilted and passed over for promotions and nailing their own comrades. Same with Victoria’s Battershill..seesm like in internal grudge got settled big time.
I will give new West Van Chief Kash Heed and VPD Chief Chu credit for nipping things in the bud early, but that may be their career death wish, unless they are pure as the driven snow.
ALSO:
Police used to recruit right out of high Scholl.
Now they want them to have post secondary diplomas or degrees.
IMHO, these new recruits are clueless social -worker with guns….no grasp of reality , no common sense,.. kevlar clad cowboys with tasers at the ready.
How many MORE stories are there REALLY out there re drunk cops, racist cops, etc….we have see the ones that have been reported. I think there is a serious problem with how they are both screened and trained.
I had respect for the old school police..the newer crop of cops are some of the biggest threats to society.
January 28th, 2009 at 1:01 pm
“At the end of any big party, there are always a handful of people too inept or too drunk to realize that the party’s over and it’s time to pack up and go home.”
Yeah if you realize now it’s time to run to buy again, don’t you notice green lights everywhere? Everywhere Just Got Better!This one is no different for Vancouver because hey Vancouver is different.”Best place on earth”.-Forever.
January 28th, 2009 at 12:56 pm
Bubble Lad:
so true, glad you’re awake, it gets a bit lonely sometimes. it’s just amazing how many seemingly intelligent people will just park thier brains and suck down any sort of bullshit that is ladled out from these ‘news organizations’.
January 28th, 2009 at 12:50 pm
A year ago the Kool Aid dispensers in Seattle were saying the same thing as here in vanc. They were saying ” it’s differant here”. Well , looking at recent CS graphes the Seattle market has fallen hard and is currently passing through 2005 levels and falling.
Seattle has always been a boom and bust town much like vanc. It is being hit by massive layoffs from major employers, Boeing, Microsoft and all the techs and now retail is getting killed along with the Port of Seattle is a dead zone. Americans are much more mobile than canadians, they tend to pick up and move far more frequently than CDN’s do. This jobless geography is pushing hundreds of thousands to leave Calif, Nev and Florida for ex, Washington is heading into an abyss, no doubt.
Any time you hear someone say ‘it’s differant this time’ you should run like hell.
Locally, Gordo Campbell let slip in the Province interview this morning that ” jobs were coming in 90 days’ well isn’t that convieniantly about two weeks before election day in May? There will be a plethora of mostly regurgitated policy announcements and whatever Federal plate scrapings are going into the infrustructure file, but I suspect the news will be mostly fluff as it my opinion that the coffers are bare with the government blowing the cash reserves on ‘unlisted’ Olympic projects with no savings for the great badness ahead.
Don’t forget that the infrastructure money is contingent on Provincial monies matching Fed funds.
January 28th, 2009 at 12:38 pm
Re: spin control on the police who (allegedly) beat the newspaper delivery man.
I’ve never been in a city that relied so heavily on spin & PR, yet does it SO amateurishly. From racist incompetent police, to “targeted shootings” (tell that to the gas meter reader that got killed), to crashing real estate, to (gag) “The Best Place on Earth”. As long as you can find one of the business friendly media outlets, you’re free and clear.
January 28th, 2009 at 12:34 pm
Speaking of a-holes in the City err any/all ” holes ” begging for a plug ?
Anybody got any update report on projects like Ritz -Carlton ?
A while back someone posted that there was some activity there again.
Any other projects seeing any action ?
January 28th, 2009 at 12:23 pm
Seattle’s downturn was time-delayed and only occurred recently, as was Vancouver’s, and there still exists a lot of denial there, same as here.
At the end of any big party, there are always a handful of people too inept or too drunk to realize that the party’s over and it’s time to pack up and go home. This one’s no different.
January 28th, 2009 at 12:17 pm
Speakin gof Seattle..
Homeland secuiryet this local terrorist across the border?
Do they want to start a war?
An intermission in Seattle: Obama politics, job losses and Bob Rennie
http://www.francesbula.com/?p=1033
QUOTE:
And there, I see, is a familiar Vancouver name: Bob Rennie, being quoted about a condo project in Ballard (one of the several gentrifying neighbourhoods down here outside the central core) that he’s marketing. “This is the fastest-selling project in Seattle, and, quite possibly, in the United States,” says Rennie. “This is the time to buy and they are choosing Canal Station.” Apparently, 80 per cent is sold. Ah, some things never change.
=============================================
This is where BC ‘s most infamous native son since Olsen has been hiding ?
Arrest the SOB !
January 28th, 2009 at 12:07 pm
Former councillor Jim Green hired to help on Olympic village
http://www.francesbula.com/?p=1042
Seems like old Jim does have in interesting resume’.
Intersting old Rob Macdonald. old uber ” hang the Lefties -NDP high ranter ” at recent UDI event has used old Jim Green as well.
reading this story, old Jim is developing a niche’ being used as a facilitator ( by several developers, and recently Millenium) to bridge the various political fences.
January 28th, 2009 at 12:00 pm
Supraboy: Why is that a problem for anyone but them? Most people seem to need to believe that their home is different and hasn’t fallen in value like the rest of the market. Just look at all the listings in Vancouver where people are asking peak prices, but can’t even get people to look at their open house.
If believing that their house is different makes them happy, then good for them, as long as they don’t need to sell. I can believe that the moon is made out of cheese and my collection of vintage 1997 bottle caps is priceless, but that doesn’t make it true.
January 28th, 2009 at 11:37 am
Looks mighty ugly in Seattle, the problem is I still have friends down there that are quite cocky saying the prices there are still holding up in their neighborhood. I wonder where the truth lies.
January 28th, 2009 at 11:35 am
Anyone see the case shiller charts on Seattle today?
http://seattlebubble.com/blog/
January 28th, 2009 at 11:16 am
The Chief economist for the Canadian Center for Policy Alternatives was interviewed by CTV reporters today, these are the highlights of the interview.
- Over 100,000 jobs lost in Canada in Nov and dec alone, Jan is still being tallyed expects thousands more.
- 6 out of 10 workers do not qualify to collect EI in the event of a layoff
- majority of Canadian workers are two weeks away from poverty
- There is an ongoing stripping of assets from the Canadian middle class
- Wave of job losses coming and will be sustained as the worst period in canadian history
- Economic crisis is at our doorstep
- hundreds of thousands of Canadians are going to lose thier jobs
- we are in for a long and prolonged period of hardship
say’s ” if you don’t have savings. you’re in trouble.
Are you still in the market for a condo? Do you believe that our great leaders and the industry spokesmen in the local market place are telling you the truth?
January 28th, 2009 at 10:38 am
blackdog: Very entertaining. Lets take this line by line, shall we?
“Since you swallow every twisted politically correct line of crap you’re told by your government and lickspittle media jump on this publication from the official government of Iran.”
What “twisted politically correct line of crap” have I swallowed, exactly? Care to quote something? The funny thing is that you and I probably agree on a lot of the same values. Fake refugee claimants and illegal immigrants should be packed off posthaste, and every dollar we spend on them is a dollar wasted. Agree? Disagree? Relevance to this blog?
“You have to fall in line with this because it’s a ‘government’ issue.”
It took me a while to figure this out, but you’re suggesting that I would agree with Iranian propaganda because… sorry, you’ve still lost me.
“Are you right and everyone else is wrong?”
This gave me a real chuckle. You do realize you are using Bob Rennie’s argument here, do you not? Disagreeing with you doesn’t make me wrong, and I’m the only one who’s been using verifiable information in our little discussion. You’ve been sticking to very poor attempts at character assassination and ignoring the reality that your “factual published information” isn’t.
“Maybe you’re just mentally lazy and you assume these politically correct ideals as your own because you’re desperate to conform. Baaaaaaaaahhhhhhhh.”
Maybe I’m this, maybe I’m that. You aren’t doing a very good job of pointing out any flaws in my argument or my “factual published information” are you? Have you noticed yet that you’ve been reduced to making ad hominem attacks, while I’ve made none?
Oh, and nice link by the way. You score an extra point for being the first person to bring The Big H into this entire 200+ entry comment thread. A gold star for blackdog!
As you say; quiet down, the adults are talking.
January 28th, 2009 at 10:36 am
happy face:
Contact the Real Estae Board and file a complaint.
Avtar has crossed a line with his guarantee.UNprofessional!
Does he speak for himself ot the REBGV?
Let him twist in the wind .
Maybe it will send a chill to other kool aid dispensers like Rennie so they will STFU instead of reeling in more suckers.
January 28th, 2009 at 10:35 am
Stuckman:
They (refugee claimants) are putting themselves above those willing to follow the rules, and 3 of 4 of them are scammers that we CAN’T get rid of for 2 freakin years.
Sure we can. There’s no law that says it has to take 2 years to process their cases. The reason that it takes 2 years is that the government won’t allocate sufficient resources to process them more quickly.
Now why not? Maybe they want to keep the small time scammers around to take people’s minds off the big time scammers?
You think?
January 28th, 2009 at 10:32 am
Hmmmmm.
Cleared my cookies, can’t remember dopey password to save my soul, and somehow now posting as happyface.
Anyways. Fork you Avtar Bains, realtard extraordinaire.
January 28th, 2009 at 10:31 am
depression watch:
Our Downtown East Side is notorious in North America.
However, we have let the situation evolve within our control or lack thereof without outside interference.
However, much like Suhartos visit in the 1990′s and Sargent Pepper…people will see the black hand of forces OUTSIDE of COV’s tolerance of what exist at the Downtown East Side (ie the IOC and associated mafia ) take over control.
BOTH “Non -rent- a -crowd” and “rent -a -crowd” will be out in force when the sanitizing of the homeless etc happens, and the nasty results will undoubtedly happen when the police intervene . This will make Suharto’s visit look like a Shriner’s convention. Bet on It.
Then we will see how toothless and uselss our Local Gov’t's are, kool -aid swallowers and toads to outside interests, but at least it becomes crystal clear vs simply the usual suspicions and allegations .
January 28th, 2009 at 10:30 am
Any response from Avtar Bains?
This monkey got no response whatever from realtard extraordinaire Avtar Bains regarding his “Avtar Guarantee”.
Gee Whiz. Here my confidence and belief in the basic human goodness of realtards and their honest pontifications was sky frikkin high.
Shame Avtar. You are full of chit, even more than most realtards.
January 28th, 2009 at 10:29 am
Garth Turner is hot today. Depression probability is growing. Buying a house today?
Must read
http://www.greaterfool.ca/
January 28th, 2009 at 10:26 am
Large stimulus package for building hockey rinks is good plan for everyone as Canadian helicopter lifts off. Good time to buy condos as Obama-like wave of spending here for ever.
January 28th, 2009 at 10:23 am
Gordo is our number #1 cheerleader. he’s going to try to convince us that everythings just fine as long as you stay ‘confident’. He has swallowed the bathwater of Cameron Muir who has stated that consumer confidence is at the heart of the downturn as lack of confidence is a mental disorder. Theres a lot of Campbells buddies holding a lot of unsold condos looking for a sucker to bail them out. RA RA RA SISS BOOM BA !!!!
It reminds me of the catch phrase the government was using during the Great Depression of the 1930′s
” Better days are just ahead”, which was true when the good times came back 20 years later.
http://www.theprovince.com/Bus.....story.html
January 28th, 2009 at 10:05 am
depression watch: NO -LYMPICS:
BTW an RCMP planner made a verbal goof in a presentation to the city of Kelowna last week when he accidentally included the PD COV plan to remove the ‘homeless’ from Vancouver for the 2010 games. He was reminding the City of Kelowna that they would have to budget for extra policing costs due to this. Well, the same day a ‘spokesman’ for the RCMP was back-peddling and playing it down as an outside issue and not an official position.
January 28th, 2009 at 9:59 am
NO -LYMPICS:
It will be a police state in 2010. Make no doubt that traffic police check points and barricades will make life a living hell while the royals of the Vanoc, COV, POBC, GOC , OOC fly around town in thier limo’s. The locals will be treated like shit and suspect to search and siezure without cause.
Meanwhile Boeing lays off 10,000
http://business.theglobeandmai.....iness/home
January 28th, 2009 at 9:53 am
MW Glass …
There is so much plywood showing as to be an obvious joke to anybody with any construction experience whatsoever.
The foundation on MW 4 was poured 13 months ago. Where the flying fork is the glass?
That envelope MUST be complete before attempting to put up drywall. The supposed schedule means there bloody well should be plenty of drywall up by now. It ain’t.
Press is 100% at sleep, so far, on this one.
January 28th, 2009 at 9:30 am
stoxxman/ stuckman
Here is a story re: Olympic Village windows:
Any comments?
http://www.ctvbc.ctv.ca/servle.....lumbiablog
QUOTE:
The western Arthur Erickson building (the largest, curved one on the waterfront) is particularly noticeable because it’s so tall and because it doesn’t have a single window pane on it yet. Instead, it stands like some kind of unusual sculpture at the corner of the site, particularly noticeable when you’re driving across the Cambie Bridge.
That building is also attracting attention from other developers, who wonder what the heck is going on with it. I was at the Urban Developers Institute Christmas party last night, a plush affair at the Fairmont Hotel that attracted a whack of politicians, developers and their staffs, affiliated trades companies and lawyes, and the odd media schmoozer such as myself.
Talking with one about the Olympic village project, a favourite topic these days because of all the melodrama surrounding it, one developer said to me he couldn’t understand what was happening at the site, especially the Erickson building.
QUOTE:
What I’ve been told by a senior person at the project is that they’re trying a new method. Instead of putting the windows on from the bottom up, they’re going to put the windows on from the top down. They can do that because it’s a twisting building, so it doesn’t need to have windows from the lower floors supporting windows on the upper floors, the way normal straight up and down buildings do.
etc.
==============
Try something new when you have a deadline to meet?
LOL?
January 28th, 2009 at 9:25 am
Keep in mind the difference between immigrants and refugees.
Refugees are claiming persecution with a clear and present danger to their safety. They are putting themselves above those willing to follow the rules, and 3 of 4 of them are scammers that we CAN’T get rid of for 2 freakin years.
My issue is abuse of the refugee system. I encourage the concept of immigration. Good people wanting to contribute to society are great … scammers looking to enrich themselves off our stupidity are not.