Elections, Economy and Condo Prices

Allright, Let’s talk about the election.

You know you want to.

So who’s going to win, the good guys or the bad guys?

What does the future economy of BC look like in your crystal ball?

You might as well use this thread to convince people to vote for your team, what kind of leadership do we really need right now and do you think we’ll get it?

And to keep it on the topic of this site how much of a factor does the housing market play in your voting day decision?

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Anonymous
Guest
Anonymous

Housing factors exactly zilch in my voting decision because neither main party will do SFA to fix it. To do so would be political suicide.

Enjoying the existentialist ride to hell.

patriotz
Member

Agree no party will take action to bring prices down.

However do note who is the de facto standard bearer for the RE industry.

Among the larger donors are John Redekop Construction ($30,000), Wall Financial ($25,000), Aquilini Development and Construction Inc.($25,000), ITC Management Inc. ($20,000), Anne Millar ($25,000), Progressive Strategies ($20,000), Rennie Marketing Systems ($15,000), Bert’s Electric (2001) Ltd. ($15,000), former Encana executive Gwyn Morgan ($10,000) and Wesbild Holdings Ltd. ($10,000).

http://thetyee.ca/Blogs/TheHook/Election-Central/2011/02/22/FalconClarkDonors/

rumblefox
Guest
rumblefox

The NDP government will accelerate the housing crash. Last time there was a NDP government we had massive corporate flight that the province has yet to recover from. Higher taxes are already on the agenda while unions, like the teachers, will get juicy new contracts that will further strain the budget. It’s going to be the mid 90s all over again but potentially much worse.

pricedoutfornow
Guest
pricedoutfornow

@rumblefox: Bring it on! Though I don’t think it will be the NDP’s fault.

Off-topic: went to a couple open houses yesterday, was pretty quiet. We’ve been looking at places in the mid-$400k to low $600k range (townhouses/one leasehold duplex). It just doesn’t make sense to buy. I do the calculation at 3% interest rate, 25 year, $100k down (which I really doubt most buyers have) and it never makes sense to buy the place I’m looking at. In all cases, the mortgage is more than what you could rent for a similar place. And if interest rates ever went up, you’d be hooped. No wonder the buyers are staying away.

M
Guest
M

With NDP government finances will get a lot worse and government debt will sky rocket. Keep in mind Credit Union Deposit insurance is backed by the government of BC not the Federal Government. Big difference since the Federal government has a printing press and government of BC doesn’t so the unlimited deposit guarantee is actually limited.

patriotz
Member

“Last time there was a NDP government we had massive corporate flight that the province has yet to recover from.”

Why not, since the province has had such an attractive business climate for the last 12 years?

That’s a rhetorical question of course, the reason why the real economy has not recovered is topic of this forum.

UBC in crisis mode
Guest
UBC in crisis mode

I heard that whenever NDP is in power (80’s, 90’s) the housing price were up.

patriotz
Member

The NDP wasn’t in office during the 80’s.

Over each of the two periods that the NDP has been in office, housing prices went up, although they did decline during the late 90’s. The largest post-WWII bust took place under Bill Bennett in the early 80’s.

About Time
Guest
About Time
franco
Guest
franco

What do we really know about Dix except the forged documents that the Libs are so desperately trying to stick his nose into.
I’m really disappointed that he has decided not to appear in a telivised debate.

patriotz
Member

Dix has rejected Crusty’s request for a one-on-one debate. He wants to include other leaders which is something that Gordon Campbell didn’t have a problem with.

franco
Guest
franco

Are there really any other leaders in contention that the public might want to hear?

curious
Guest
curious

Aside from a few prepared videos, I haven’t seen one single interview with Dix. He may not be blessed with a lot of flashy charisma, bat it may actually help him to open up a bit just to avoid beng accused of hiding.

Turkey
Guest
Turkey

@curious,

You do realize the campaign started less than a week ago, right? The ink is barely dry on the writ, and you’re complaining about the lack of campaign events.

I find it completely obnoxious that the Liberals have been on the campaign trail for as long as I can remember, largely funded by tax dollars. Now, they’re also trying to score points by complaining that the NDP hasn’t been campaigning outside of the election period as well. Sadly, judging by the number of comments like this one, the idea has traction.

whack jobs
Guest
whack jobs

What always makes me laugh is people thinking a political party actually affects the economy….NOT IN A RESOURCE BASED ECONOMY clowns!…although I have moved outta province, I look forward to watching Crusty Clark and her Liebrals get decimated in the upcoming election

well, yeah.
Guest
well, yeah.

>I’m really disappointed that he has decided not to appear in a telivised debate.

he has a huge lead. if he does nothing he will win. therefore, he will do nothing. a debate is a risk he doesn’t have to take.

the goal is to get elected, not to give people enough information to make an informed decisions. there’s a reason why it’s called politics.

KBro
Guest
KBro

Got a feeling we’re going to hear a lot from patriotz today.
Go ahead, knock yourself out trying to defend the poor dork.

” Dix has rejected Crusty’s request for a one-on-one debate. He wants to include other leaders ”

Ya right. Who would you want to include? the Cons? the Greens? the Rhinos? the Marijuana Party? the Yoga wack jobs?
What a joke!
The only reason for the rejection is that he’s shaking in his boots.

mac
Member
mac
Some good news, bears: a) Yes. CRA is going after condo flippers. Spoke to a friend who works at the agency and there is a new directive there. b) Went to two open houses on the weekend. Much quieter than last weekend. Maybe it was the intermittent summer/winter weather. But both were darned good and unique properties both had few other people there and those that were were not impressed. In the nicer one, the agent told us she priced it well below assessment as the owner wants it sold. Owner is out of town. Needs it sold. I believe she said assessment was nine something and she put it out at 799 after considering 850 for a few minutes and then said, nah! she said sell it so 799 it is. So for the first time ever in recent… Read more »
well, yeah.
Guest
well, yeah.

>a) Yes. CRA is going after condo flippers. Spoke to a friend who works at the agency and there is a new directive there.

but we all know that condos aren’t cash flow positive. isn’t that the whole thesis of this blog? therefore, the amateur land lords will be able to write off their losses.

Blame the winner.
Guest
Blame the winner.

@ 15 whack jobs Says:

Vote for, the party you want to be blamed, for screwing BC. No matter
which party gets voted in, BC is screwed for the next 5 years.
Wages are stagnant, demand and prices for commodities is petering
out, demand for jobs in the construction industry will decline due to
overbuilding (condos). Real Estate prices are imploding. BC is screwed.

VOTE, VOTE, VOTE!

FlipFlop
Guest
FlipFlop

@ Well, Yeah

I think they’re more interested in people that sell a non-personal residence for a gain, and don’t report the income. That said, anyone that owns a house outright, and has it full of renters, should be chased and reported as well. There’s pretty significant income there. If you’re paying a mortgage, you’re really not worth the CRAs time and money, unless they start getting aggressive with the fines for not paying the $500/yr in extra tax.

@Patz – Who you voting for?

Burbs Boy
Guest
Burbs Boy
@Franco – the debate A properly functioning democracy respects the rights of those you disagree with to state their point. To deny the Conservative Party and the Green Party a place at any debate is to deny democracy and will weaken the political process in the eyes of many people. We already have a huge problem with low voter turn-out, we need to foster inclusiveness EVEN if it is with those with whom we disagree. The hallmark of greatness is when a leader can see what is best for the whole in the long term and have their actions reflect that even if it works against them in the short term. That greatness will garner respect and support. Christy Clark does a disservice to democracy with her call for an exclusive debate and she should be called out on it.
mac
Member
mac

>well, yeah.

We all know the government is always late to figure anything out. But the have the ability to look back.

Anonymous
Guest
Anonymous

#3 – Pope maybe you need to change what = forclosure.

16 down votes and 13 up votes should not = forclosure.

Laibach
Member
Laibach

This should have been co-op building and not yet another Chinese “investor” ghost building.

http://www.theprovince.com/homes/Coal+Harbour+Views+project+aptly+named/8277287/story.html

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