guys, the 'tsunami' jokes are pretty poor taste.

just saying.

guys, the ‘tsunami’ jokes are pretty poor taste.

just saying.

**

Well, one good tsunami over here and all of our HAM problems would be solved. And the last "price increase zone" in the lower mainland would be eliminated. Realtors would have nothing to point to – literally.

If Richmond was gone, I don't think that anyone would lament its loss.

PS – I actually work in Richmond but my office has rubber rafts as part of its earth quake survival kit (yes, staff actually demanded it).

How many people classified as being employed are self-employed?

****

Exactly, how many self-employed grow op operators, in residence "masseuses," gang bangers, drug traffickers are there?

I think that when you factor these job classifications in, our employment rates are actually might higher 🙂

@Joshua:

"Yep, the tsunami jokes are in poor taste. But the reality check still remains – this should serve as a stark reminder for anyone buying property in Richmond. If we get our own “The Big One”, Richmond is toast. Liquefaction, tsunami, you name it – gonzo."

There's only a very low chance Richmond would see a tsunami, but don't take my word for it : http://www.richmond.ca/safety/prepare/city/hazard…

China richest man on $20 a day ?

What kind of BS reporting is that?

They want us to beleive that this guy became a billionaire by selling juicies with his tricicle!

What the article does not say, is that all trademarks and investment from Danone were confiscated by the chinese comunist court and given to this party aparatchik.

China has not been playing by the rules for a long time and it will not, unless constrained to do so.

I remember while working in China, a chinese executive once told me that whereas in the west lying can be procecuted as crime, in China is only a negotiation strategy.

Time to wake up to the communist peril disgused in sheep's skin.

"Actually, outside of Vancouver, Richmond, and perhaps some of the immediate suburbs, there is no real estate boom."

I dont know about other areas, but i follow mostly White Rock and I can say that RE is hot hot here. Sold stickers everywhere.

A property I visited in Marine drive, listed at 3.2million went with multiple offers above sale price. I was the only white guy during the showing, all others chinese decent (approx 12 people.)

The location was nice, but the house a complete tear down.

Also some other listings I follow in 2+ million range have actually increased their asking price by 2 to 400k lately.

An ocean park bluff property listed at 2.99million for the last year, did not slell,is back on the market at 3.4million.

Strange times indeed!

Attn. 18 paradox

I guess there is going to be a lot of bankrupt Chinese Canadians in the near future!

These rich asians don’t need to borrow, so who cares if you reduce the amortization by five years.

***

While the rich overseas Asians don't need to borrow, they ARE still borrowing according to my bank and realtor sources. They are borrowing because our laws allow them to, because the banks still want their business, and because they are smart enough to know that they are speculating with taxpayer money, not their own. If shit hits the fan, and prices drop, or they need to move, it will be Canadian taxpayers on the hook. This is another reason to oppose HAM.

And don't follow the technical interpretations of who is allowed to borrow, and for how much, and with what % down – the buyers are skirting all of these "rules."

@Stikine:

And don’t follow the technical interpretations of who is allowed to borrow, and for how much, and with what % down – the buyers are skirting all of these “rules.”

I think you have that wrong…it's the banks that are skirting the rules.

VHB:

VW is not selling because Asian Women are afriad of driving that tiny bridge. No Joke, I have one of them at home.