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Mick Murphy
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Mick Murphy

i saw an ad on TV for telus gardens last night.

Devore
Member
Devore

@space889:

Seriously, from a dollar and cents perspective, it’s much cheaper for these people to remain in Canada. Government wouldn’t have to shell out money for the lawyers and have court time tied up, and can collect some sales and property taxes.

Since when are dollars and cents a valid perspective for the government? If it did, CRA agents would earn bounties and bonuses going after tax evaders, like undeclared foreign or rental income.

With the recent corruption crackdowns by China (such as that Hong Kong real estate tycoon arrested) China could score some points at home (and internationally) making noise about Canada sheltering criminals who stole billions from The People. NPD would be all over that.

Best place on meth
Member
Best place on meth

@space889:

“Canada is not allowed to deport people who would face this kind of treatment in their home country.”

Yes we are, as long as they don’t face execution.

Ask Fat Lai.

P.ENG
Guest
P.ENG

Girlbear Says:

@P.ENG: Except Paul B of course!!

______

That goes without saying 🙂

space889
Guest
space889
@jesse: And that’s why a great majority of them will not be deport, or only do so after years of court cases and likely until their money are all used up (along with a few hundred K of taxpayers money for legal and court costs) because what awaits for them in China is likely a bullet, or some harsh physical labour camp in some godforsaken places with very little amentities. As we all know that kind of punishment would violate Canadian values and morals and Canada is not allowed to deport people who would face this kind of treatment in their home country. Seriously, from a dollar and cents perspective, it’s much cheaper for these people to remain in Canada. Government wouldn’t have to shell out money for the lawyers and have court time tied up, and can collect some… Read more »
Absinthe
Member
Absinthe

Very funny, Many Franks! I think you should really get your realtor’s license … you have me convinced.

YLTNboomerang
Member

@Best place on meth: or at least 400

Best place on meth
Member
Best place on meth

@Anonymouse:

The article says up to 18,000 corrupt officials fled to “US, Australia, Canada and the Netherlands”

Based on what we’ve been seeing and hearing in Canada about mainland Chinese buying real estate here, that’s excellent proof that our share of these scumbags runs into the thousands.

Anonymouse
Guest
Anonymouse

@Best place on meth: “Seriously, why do have to be such a nagging prick day after day?”

Because you pull “facts” out of your ass, and not even that BBC link you offered supports your claims. It even says “mainly to the US”, which some might say contradicts your rantings.

Anonymouse
Guest
Anonymouse

@P.ENG:

“Since being a real estate agent is NOT a profession, anyone can be an RE expert. ”

What about an economist? They don’t have to be a real estate agent.

Best place on meth
Member
Best place on meth

@Anonymouse:

Seriously, why do have to be such a nagging prick day after day?

http://www.bbc.co.uk/news/world-asia-pacific-13813688

Girlbear
Guest
Girlbear

@P.ENG: Except Paul B of course!! 🙂

P.ENG
Guest
P.ENG

I’m not knocking his opinion, just the way in which it was presented by the author of the article. It’s like asking a doctor their opinion on engineering, then implying that it’s an “expert” opinion.

_________

Since being a real estate agent is NOT a profession, anyone can be an RE expert. Hell, I would trust the opinion of a true professional like a doctor or engineer on the state of RE. At least they that are taught to be objective, honest, and ethical – all part of their professional training. Realtors on the other hand – well we know which side of that coin they fall on…

Anonymouse
Guest
Anonymouse

@jesse: “I don’t think we need dock him points for not being paid directly by FIRE interests.”

I’m not knocking his opinion, just the way in which it was presented by the author of the article. It’s like asking a doctor their opinion on engineering, then implying that it’s an “expert” opinion.

yvr2zrh
Member

I’m only through comment #10 and I’m wondering what’s in the air in this town today . . You’re all on something good . . . . .

YLTNboomerang
Member

@jumpin in: Choi’s a tool, his YOY up 10-30% numbers are complete $hit. BNN’s getting a letter from me; Gord?

jesse
Member

@jumpin in: That said, Choi said two things I thought interesting:
1) He thinks most purchases in metro Vancouver and Toronto are by locals fueled by low interest rates making financing properties relatively affordable. I think this should be obvious.
2) He seemed to corroborate Kurland’s claims about tax evasion and extradition.

jesse
Member

@jumpin in: Choi didn’t get some of his facts straight and conveniently ignored dealing with empty homes in Van West, and the whole Australia thing hitting the fan. Still, an entertaining interview with a “real estate expert”.

jumpin in
Guest
jumpin in

I like this video better:
http://watch.bnn.ca/#clip661419
Is international interest on Canadian real estate going strong? And will a slowing Chinese economy put a damper on demand for Canadian housing? BNN interviews David Choi

jumpin in
Guest
jumpin in

http://www.bnn.ca/News/2012/4/18/Canada-sideswiped-by-high-world-oil-prices-BoC.aspx

So our economy is in trouble because the price of oil is going both up and down, and the solution is pipelines and more tar sands. OOaahhhh. What about maxed out consumers?

Anonymouse
Guest
Anonymouse

@Makaya: “What does it take to become a real estate expert?”

Re-read my post.

jesse
Member

@Anonymouse: “He’s cited as an “expert” but he’s not a real estate expert.”

Given the canned and one-sided response from real estate “experts”, I don’t think we need dock him points for not being paid directly by FIRE interests.

1) Immigration lawyer notices a potential crackdown on tax evasion and extradition orders
2) Immigration lawyer notices less demand for immigration applications because of the advice he is obligated to tell his clients
3) It is common knowledge that most demand for high end homes comes from immigrants and foreigners. According to “real estate experts”.

I really don’t see any problem here. If the lawyer fellow is right about government tax and extradition policy enforcement, that’s another reason to be somewhat bearish on Vancouver real estate.

Makaya
Member
Makaya

@Anonymouse: What does it take to become a real estate expert?

Anonymouse
Guest
Anonymouse

@Best place on meth: “Let that be a lesson to the thousands of other Chinese fugitives living in Canada.”

Thousands? You have a source to back up your assertions?

vangrl
Member
vangrl

“Mr. Gaetano wonders whether some appraisers have become more conservative and are almost anticipating a rapid drop in prices.

“Lenders are very nervous,” the mortgage broker says.”

Read more: http://www.canada.com/business/mortgages/Buyer+beware+Mortgage+wars+backfire/6478634/story.html#ixzz1sQG3483y