Friday Free-for-all!

It’s the end of the week! Let’s do our regular weekend news round up and open topic discussion thread, here are a few recent links to kick off the chat:

Local realtor accused of domestic slavery
Canada’s worst city for home affordability
The real problem with Vancouver house prices
Vancouver rental vacancy rate continues to increase
UBC Hospice gets final approval
Never lost money on a sale, $47k in debt on fees
American home equity near record low
Chinas growing middle class earns between $9k and $75k a year

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

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Dave
Member

First. Wake up you bums.

Anonymous
Guest
Anonymous

Never lose money on sale of house but has $47k debt from fees.

Wonder how many others never factor in transaction fees into profit or loss calculations.

The minute you buy anything house, stock, bullion, you need price to go up by the transaction cost just to break even.

Li Kai Shing
Guest
Li Kai Shing

I glad that Lavishing Lick going to play goal for Canuck's tonite.

Pool cleaner have good reflexes, especially when jump off diving board and realize no water on pool.

Very quick reflexes so land on head so create no damage.

As long as Lick not place Craigslist ads on laptop ( like this
http://vancouver.en.craigslist.ca/rds/m4w/2431983… Hey Lick you look like Bacon brother) when Boston on powerplay due to dumb Bieksa or Kesler dive , may have a chance.

Luongo will be green man back up.

jesse
Member
Bloomberg: Hong Kong Raises Down Payments on Home Loans to Cool Real Estate Market Hong Kong ordered home-buyers to make bigger downpayments and raised hurdles for overseas investors, widening a 20-month effort to cool surging home prices and avert defaults on bank loans. Buyers of homes costing more than HK$6 million ($770,000) will have to increase up-front payments, with properties of HK$10 million or more requiring 50 percent, Hong Kong Monetary Authority Chief Executive Norman Chan told reporters today. Foreign buyers must deposit an additional 10 percent. The measures mark Hong Kong’s fourth attempt since October 2009 to curb inflating values of residential properties, rated by Savills Plc as the world’s most expensive. Home prices have surged as much as 70 percent since the beginning of 2009 on record-low mortgage rates, an influx of buyers from mainland China and a… Read more »
patriotz
Member

@Anonymous:

The minute you buy anything house, stock, bullion, you need price to go up by the transaction cost just to break even.

No you don't.

Hint: earnings.

4444 4444 4444 4444
Guest
4444 4444 4444 4444

Curse working , UBC hospice neighbours, soon to find out, bad luck to last 44 years.

Next move :

Airplane with "housing bubble warning" banner to fly same day as Global and Cam POS Good fly pretend buyers over Delta.

Boom gone Bust

Not much of a name..
Guest
Not much of a name..

@Anonymous: Nor do they factor in interest, property taxes and maintenance costs.

Li Kai Shing
Guest
Li Kai Shing

I think we should target HAM hi rise near hospice;

Get Wes Craven, Robert Rodriguez,George Romero, Spielberg etc.to lend us actors and F/X dept.

We dress up people like zombies, vampires , werewolves, NDP candidates to walk around HAM hi rise at night.

Then we have Cam Good tied to a stake and yell witch witch witch

( Maybe Cam can do helicopter scene in re-make of Twilight Zone movie ?),

Then submit offers.

Anonymous
Guest
Anonymous

"Airplane with “housing bubble warning” banner "

Have anyone checked out how many incoming flights per day/week from China? Over 50 flights, I was informed.

Troll
Guest
Troll

@Not much of a name…:

Nor do they factor in interest, property taxes and maintenance costs.

Or the money not directed towards rent. It's just a shitty analysis all around isn't it?

Not much of a name..
Guest
Not much of a name..

@Troll: It is if you own.

Best place on meth
Member
Best place on meth

Today will mark 7 straight losing weeks for the stock market.

The last time that happened was during the dot com bust.

gordholio
Member

And here's what $650,000 currently buys you in Chandler, Arizona. Actually, you could likely buy it for substantially less than that given that its price has already dropped a MILLION since it was last sold in 2007. Regardless, it's a palace by virtually anyone's definition. Wish they'd taken pics of the "fire-spewing volcanos."

http://www.realtor.com/realestateandhomes-detail/

Nvwl
Guest
Nvwl

@Anonymous: And how many flights come in from the US? They buy more property here than Chinese buyers right?

Best place on meth
Member
Best place on meth

@Anonymous:

>>>Have anyone checked out how many incoming flights per day/week from China? Over 50 flights, I was informed.<<<

Even satellite families need to see Dad once in a while.

Kosta
Guest
Kosta

Endless idiocy…

We, parents spent a lots of effort, time and money lately to provide some basics supplies (even for the kids with special needs) for the downtown school and then you see things like this. I'm just mad, just mad.

http://www.vancouversun.com/sports/Canucks+Stanle

patriotz
Member

@Kosta:

Would you rather the city didn't do anything? Were you here in 1994?

Anonymouse
Guest
Anonymouse

@Anonymous:

"Have anyone checked out how many incoming flights per day/week from China? "

Looking at yvr.ca seems that there are about 2 a day from Beijing, 2 a day from Shanghai, and 3 a day from Hong Kong.

That's as many as arrive from the UK.

jesse
Member

@patriotz: " Were you here in 1994?"

1994 was also the peak in real house prices from the late-'80s early-'90s price run-up. Prices then fell for 7 years. Go Canucks.

SourLemon
Guest
SourLemon

@Patriots

As with the Olympics, the rest of the non alcohol establishments are subsidizing business to the downtown core and bars. Where's the free market?

Li Kai Shing
Guest
Li Kai Shing

BC Liberals call Fall election…from reliable sources.

Troll
Guest
Troll

@Not much of a name…: Oh sorry, forgot, no need to even run the numbers anymore, just take the bears word for it. Love it.

SourLemon
Guest
SourLemon

http://fullcomment.nationalpost.com/2011/06/10/ta

Sweet, Attorney Gen vs Mavi sides with Attorney Gen. Sponsers are on the hook.

painted turtle
Guest
painted turtle
Anonymouse
Guest
Anonymouse

What do people here think about the HST referendum? Keep it at 10%, or go back to GST/PST?

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