Friday Free-for-all!

Well it’s the end of the week and hopefully you didn’t use up all your party energy on Wednesday. It’s time to do our regular end of the week news round up and open topic discussion thread, here are a few recent stories to kick things off:

Carney on housing and a brand new bill
BC: come for the mountains, stay for the riots
What’s more embarrassing, house prices or riots?
Are we world class yet?
Will housing market go the way of the Canucks?
Got insurance? keep all your reciepts forever
Condo needs TLC, not available to TD employees
Carney warns on housing markets
UBC residents ask Premier to protect them from scary ghosts
BC Conservatives target strata owners
Vancouver Fans apologize to Boston for trashing Vancouver
Do you love your family enough to delay retirement?
Vancouver Realtor Survey: Less than 4% of sales to foreign investors

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

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Inventory
Guest
Inventory

Re: -Condo needs TLC, not available to TD employees

That unit is under foreclosure, so OWNED by TD.
There are currently around 120+ homes & 150+ TH & Condos foreclosed in the REBGV & FVREB

Patiently Waiting
Member
Patiently Waiting

@Inventory: Ah yes, Gardenia Villa. If you ever feel weak and want to buy a condo, take a drive around it and count the tarps.

Li Kai Shing
Guest
Li Kai Shing

Lavishimg Lick.

Sorry about your incident, but we have much survellance video.

You were picking fight with little green men from outer space. Your F Bombs translate as " go Bruins go"..which upset them

(Most Canucks fans are aliens, bodies taken over via HD TV signals, mostly when watching MMA /UFC pansies hug wrestle ..losers unite !!!)

I not sure it was Trevor Linden…it may have been his doppleganger Steve Nash….or Libby Davies.

Anyway..we turned helicopter around, kicked out the HAM that didn't complete offers…I parachute out in Rambo outfit….and took on Trevor, Steve, Libby, 6 VPD horses, a lampost a bus shelter and 3 manhole covers

I had to go to hospital too,……damn hangnail was acting up.

specialfx3000
Member
specialfx3000

Vancouverites are so backwards-thinking, even in their apologies.

"Canucks fans apologize to Boston for post-game rioting"

If true fans, as they claim, did not do the damage, why are they apologizing?

Even if they want to apologize on behalf of the Nuckleheads (pun intended), why apologize to Boston when they are not affected in the riot. Aren't Bostonians laughing at us at this point anyways?

specialfx3000
Member
specialfx3000

"Do you know some residents, as a result of the proposed hospice, have been diagnosed to have worsening medical and new psychological conditions that need professional help?" asked the letter to the premier. "Women and children too have been affected."

Wait a minute, from all the news coverage that I've seen, the only people from that condo building ARE women and children. (Satellite dads in Asia with their concubines). So what other residents do they speak of? Their Chihuahuas that see dead people?

paradox
Guest
paradox

You have to add this link too. We are so connected now after all…

http://www.theglobeandmail.com/report-on-business

Dave
Member

@paradox:

The irony of that link and the riots is that both are similar acts.

We get pissed off when people in Surrey sell stolen purses on Craigslist, yet welcome dirty corrupt money from China with open arms. There is some hypocrisy here.

Anonymous
Guest
Anonymous

@Patiently Waiting: I thought gardenia villa sounded familiar, but I couldn't remember why. It's one of the leaky condo buildings that is costing more to repair than it cost to build.

http://vancouvercondo.info/2006/09/29-million-to-

space889
Guest
space889

With regard to not selling to TD employees, might that not be grounds for a human rights tribunal complaint? Not sure if that against some law or not.

vreaa
Member

The Disinvested – A Few Disparate Thoughts On The Vancouver Riots

Froogle Scott at VREAA:
http://wp.me/pcq1o-2xw

patriotz
Member

@space889:

With regard to not selling to TD employees, might that not be grounds for a human rights tribunal complaint?

No.

All sorts of companies restrict business dealings with their own employees. It's called "conflict of interest".

patriotz
Member

@specialfx3000:

Are these people for real?

What gets me is that you could literally not make something like this up. If someone wrote a TV drama with the same plot the human rights people would go after them for defaming Chinese-Canadians.

Ravishing Rick
Member
Ravishing Rick

I look like a freaking mummy over here!

Re post:

As for vancouver and the riots, the vpd played like the canucks and Jim Chu is definitely the Luongo of the public sector: doesn’t earn his salary, chokes under pressure, and we’d trade him if we could find someone that actually wanted to take him.

Hit the music!

space889
Guest
space889

@patriotz: Ah I missed the comment about the unit being owned by TD. Hmm….I wonder if TD didn't unload quickly, it would be forced to pony up on the repair bills. As that is not on the mortgage, would they be able to chase the mortgage holder for the repair bill?? Or does the strata get the first cut on the selling proceeds after government taxes and TD would therefore get less and go after the owner for the difference?

space889
Guest
space889

@patriotz: Off course, it's no different from say those rich housewives types in Real Housewives who can't fathom the horror of have to you know actually buying non-designer non-luxury clothing/cosmetics, or have to like clean the house/do yardwork. Rich people have a very different mentality and what constitutes hardship from the average folks like us.

Anonymous
Guest
Anonymous

@paradox: You have to add this link too. We are so connected now after all…

http://www.theglobeandmail.com…..le2064957/……..

From the article "Thousands of corrupt Chinese officials have stolen more than $120-billion U.S. and fled overseas since the mid-1990s – and the U.S. was a top destination, according to a report released by the country’s central bank."

The US was a top destination? They must be thinking of Vancouver Washington. 🙂

Anonymous
Guest
Anonymous
patriotz
Member

@space889:

I believe strata fees are senior to any mortgage and they would have to be paid before title is passed to any buyer, and the seller is responsible for paying them.

If a mortgage is insured CMHC compensates the lender and then goes after the borrower for any deficiency. I doubt that the mortgage was uninsured, since that would mean the buyer would have paid 20%+ down and most likely would still have had some equity. Almost all foreclosures are on properties with underwater mortgages.

space889
Guest
space889
@Anonymous: Interesting story, we were in my wife’s hometown in China last month and we decided to exchange $1000 CAD into RMB. Now her hometown is considered to be a small county/town, probably a 4th/5th level city in China, roughly equivalent to say Osoyoos or Merritt in BC. Except this city has like 650,000 in its city/control limits! So you wonder why Chinese people consider Vancouver to be a quint villiage/resort town rather than an actual city? This is why. Anyways back to the story, to exchange the $1000 CAD, we have to go to the main branch of People’s Bank of China in the city, no other branch or banks can do the FX transaction. At the main branch, we had to provide ID (obviously), fill out forms, have the money checked by a machine, a bank teller examining… Read more »
Li Kai Shing
Guest
Li Kai Shing

@Anonymous:

Why are we surprised re China…look at Greece

Mainland China was set up to be the Great Dragon Laundry

Max Keiser on Alex Jones re the Greece crisis

http://www.youtube.com/watch?v=0gIe_us6fQg

Max not until 1:06:50

Greece -sell off

It appears the IMF /Banks are carving up Greece assets to pay off debt it never incuured internally, but Greek leaders in bed with banksters and sold out country

Deutsche bank …. gets state gambling monopoly

Credite Suisse— gets state lottery

BNP France and Greek Bank ….gets Airport…..

Rothschilds.and Barclays .gets road concessions

Price Waterhouse Cooper—gets railway

Lazar—gets Greek trust and loan funds

YLTN @ Work
Guest
YLTN @ Work

Ha, everyone's a flipper in this city. They commercial mechanic who is crying foul that his insurance won't cover tools that he had no proof of owning justifies his importance to the bank by the fact that he has bought and sold properties.

The best though is not the $30K in tools in his truck but the "Oh, my skis were in their too" – a little insurance scamming never hurt anyone right???

jesse
Member

Nice to see the hospice issue is still alive and well. I thought Owen scored a knockout punch when he offered to help the families relocate. Obviously that wasn't good enough for them. I wonder why.

Shame again on on the media, and shame on the B.C Civil Liberties Association for not taking a stand on this issue. Disgusting.

Frank Grimes
Guest
Frank Grimes

A few more links.

Will Vancouver housing market go the way of the Canucks? http://business.financialpost.com/2011/06/16/will

Op-Ed: The Source of Vancouver's Dangerous Housing Bubble http://www.digitaljournal.com/article/308061

Vancouver house prices and the Canucks http://communities.canada.com/vancouversun/blogs/

I hope all of the media coverage about the RE bubble is a sign of the top. More and more I see the truth in the idea that markets can stay irrational longer than I can stay solvent sane.

Chris
Guest
Chris

space889

was the exchange rate better than RBC? I went to a HSBC in HK and the CD in Canadian dollar was better then RBC. Unreal.

Laibach
Guest
Laibach

Was Police Chief Jim Chu offered his resignation yet? Does Anybody Know?

http://www.vancouversun.com/sports/Vancouver+poli

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