However things will change when rules will apply. Because who has enough money to put towards home and stuck for long time to pay mortgage. Looking to persent market condition no one would like to take a risk. I will give 100% Guarantee that market will drop onces the rule apply.

So if you think you have good money and you will pay 10% down or 20% down as a second home buyer just wait. U will see the good price drop due to drop in number of house sell.

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Again, our gov’t can’t get their shit together.They are screwing average Canadians over ‘over-seas’ speculators.

The Chinese citizen, when he/she buys a property in china only acquires it for 99 yrs. Basically a lease.

So they come to Vancouver to secure their money by speculating.

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Again, our gov’t can’t get their shit together.They are screwing average Canadians over ‘over-seas’ speculators.

The Chinese citizen, when he/she buys a property in china only acquires it for 99 yrs. Basically a lease.

So they come to Vancouver to secure their

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Will the people who paid more than market for scalped tickets

They paid the market price for the tickets, not “more than market”. You are confusing market price with face value.

Same goes for investments. Most bonds these days have a market price over face value because interest rates have gone down since they were issued.

But the face value is what the bondholder gets back, and IMHO face value is what those ticket buyers should get back. They knew what it was when they bought the tickets.

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………….

neeo

uk mortgage

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I usually like the Guardian’s reporting but i became skeptical after reading a report of the Olympics and the reporter described Van as a war zone/police state, with helicopters skimming the roof tops of False Creek. I’d just finished walking False Creek North that day and realised that this was very biased reporting.

I’m an Olympic skeptic and generally can’t abide the mindless ra-ra of people with regard to “our team”. I’m also a housing bear. However, the vitriol aimed at Dave appears utterly mindless and unnecessary.

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I think this norm is vague on purpose…it can be bent! The government does not want to take away the punch bowl. The party has to go on. A vague norm is hard to enforce. This is the whole point here.

Example: if I apply for a mortgage I can ‘add’ expected consulting fees to my income. The number is up to me to make up. Or I could use my partner’s income. Or I could pick a favorable interest rate (even if i could never get it).

All the restrictions based on the income of the borrower are virtually unenforceable. The only restrictions which are hard to elude are the ones pertaining to the actual cost of the estate: if someone tell you that you must have a 10% downpayment, there is no getting around that.

Any doubts why the government is choosing to restrict reported Income?

These are the same guys who allow the CMHC to bankroll speculators and investors by carrying their risk. Can you trust them to do the right thing?

Write to your MPs and make yourself heard (Drachen posted email contacts for your area’s MPs in the previous post). Tell them that, if they really want to have free market, they should start by removing the CMHC, which distorts the pricing of risk and encourages reckless behavior by speculators and RE investors, while at the same time pushing up valuations for people on the market for their main residences.

The thing I find most unsufferable in this situation is the smug face of Flaherty, who goes on TV and claims to be doing the ‘prudent’ thing. This is wrong and the taxpayers will be left with the huge CMHC bill to settle.

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I’m not the one to bring IQ into discussions. Project much?

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yes, the norm is vague and essentially unenforcable. It is just a way to deflect responsibility if anything were to go wrong.

Abolish the CMHC!

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Dave’s obsessed with intelligence based insults (inferiority complex I suppose) and realpaul is a fecopheliac what else is new?

Neither really brings anything useful to the table although Dave is pretty fun sometimes because his ‘arguments’ are so full of holes just waiting to be poked.

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Does the shit fascination come from some sort of scat fetish or have your ancient and crusty bowels finally let go for good, forcing you to constantly think of nothing more then how to avoid voiding yourself in public?

I gotta say buddy, feel free to call me every name in the book. I’ve got 2 careers and a great life on the go out here. Unlike you, I *like* where I’m living, and if you check my posts I think you can see I’m having a blast. I’d much rather be living this life then be some scat-obsessed old bastard screaming at the world because his number’s almost up and he plainly didn’t get what he wanted out of life.

I don’t agree with Dave at all, but at least he’s to be able to construct an argument.

Christ man, go clean yourself up and examine your life, you’re kind of a spectacle. If you really wonder why I hang out here, it’s because you remind me of everything I hate in the elderly.

Seriously.

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Keep it to housing. Seriously.

I found today’s announcement interesting with the 80% LTV ratio for non-owner occupied mortages being the most significant in my mind.

What I’m wondering is how they determine owner vs non-owner occupied? I’ve met a lot of amateur landlords who don’t even claim their rental income for tax purposes.

But if this works it should put a dent in the downtown 600-700sq.ft condo market. If people have to put $100,000 down for what it is essentially a cash-flow negative investment it will certainly spook a few amateurs away.

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Realpaul: I think you should stop holding back and tell us how you really feel.
Enough of the wishy-washy, fence-sitting, politician bullshit.

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CBC surprised me but then I figured out that they are not dependant on advertisers promises, weird spin on that ticket. They finally prove themselves useful. When even the CBC can’t stand the bullshit you know that something BIG is up.

David Letterman had to say something about the sleazy chezzy way that the Vancock spinsters have tried to blame the Luge guy for his own death. That was really disgraceful.

That totally dumb fuck Greggy Robertson-Dipshit Boy Finger puppet mayor of The No Vision Vanshithole Party comes out today and blames everything wrong on …get this …THUGS and ….GLOBAL WARMING Bwahahahahahahahahahahahah OMG I’m gonna crap myself.

The temperatures are bang on average for Vanshit this time of year….no deviation. And this little hole starts back down the Global Warming rabbit hole? hasn’t his puppet masters been reading any of the evidence that the entire push for global warming has been exposed as a giant farce!!!!! I posted an article by the Washington Post just this morning.

Hey Dave, is the Washington Post a pinko rag with a hard on for Vanshithole too? Woodwards and Berstein ring a bell? Watergate???????

Yeah Dave I want something back too, lets start with my 7 BILLLLLLLLLLION DOLLLLLLLars of wasted money that could have fed the hungry, opened libraries, put text books in the schools, made a few patients less likely to die in the hospital hallway, built some seniors homes built another university, lowered tuitions, made the HST a no go etc etc etc.

In ‘Davespeak’ I say to you…’Are you mental?’

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The Olympics are probably going to be a waste of money. If I had to choose between wasting money on Olympics or DTES, I’ll pick the Olympics. At least I get something back.

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