FFFA! We (heart) weekends edition!

Hey, you made it to the end of another work week, congratulations!

And here at VCI, that means it’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Wish I never downsized to a condo
Mortgage changes in 2014 budget
Wealthy moving to Vancouver
Ooops, maybe not
Every city is just like Vancouver
Consumer debt keeps swelling
25 cent Crack pipe vending machine
Next crisis not from emerging markets
Craigslist aids crackdown on illegal suites

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

 

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registered
Member
registered

Dear Condo Downsizer, if you still believe…

“At today’s rate of 3.04 per cent amortized at 25 years, the payment would be $915 per month.”

…I see more remorse in your future.

chilled
Member
chilled

25 cents for a crack pipe!?!? What a ripoff!! EVERYTHING in this city is getting too expensive.

wut?
Guest
wut?
i’m not a bear. in fact, i’m looking to buy a place. but in the past couple of days there have been posts about how some groups houses are ugly, etc, well i want to comment on something similar. when i look at houses i notice that that same group doesn’t seem to believe in maintenance. their houses are in very poor shape and not well kept up. a coworker of mine, who is also the head of his strata and asian, told me that asians don’t believe in maintenance. they see it as an on going expense which is eating away at their investment. it’s fantastic that BC brought in a law where stratas are forced to keep up their buildings, because if they didn’t our housing situation would be atrocious. so kudos to the province for doing something… Read more »
mls watch
Guest
mls watch

@#3

Your comment can sound racist. However, being an immigrant, I confirm that I came here with my own knowledge of buildings and maintenance from a country where it hardly freezes and houses are made of stone. I bought a house in BC and was astonished by the required level of maintenance of a wood structure. I felt it is almost alive, and requires as much attention as a child. Immigration is a learning curve. And I guess the curve is steeper if ones does not speak English.

Going back to the discussion on aesthetic, give me any of those ugly monster houses for half the price, and I will turn it into something I like. It is not a matter of look, but a matter of price.

Many Franks
Member
Active Member

wut?:

…blah blah blah asians don’t believe in maintenance blah blah blah…

Proposition: nearly 4 billion people, from India to China to Southeast Asia to the Steppe and the isles of Japan, don’t believe in maintenance. That sounds totally plausible to me.

White people (now I’m only talking about a billion or so) are strikingly prepared to make ludicrous generalizations. And I’m Not Racist.

wut?
Guest
wut?

@mls watch

>Your comment can sound racist

it’s a slippery slope and touchy subject, for sure. i don’t assume that because someone is asian that their house is going to be poorly maintained. so, in my own mind at least, i’m not racist or prejudice.

UBC in crisis mode
Guest
UBC in crisis mode
wut?
Guest
wut?

@Many Franks

i can see i touched a nerve with you. my only response is for you to take a deep breath, and read to understand not to respond.

Namaste‎ 😉

Many Franks
Member
Active Member

@wut?:

Namaste

You’re cracking me up, actually.

space889
Member
space889
Hmmm…this is interesting cuz there are often complaints about the shitty quality of the buildings here on Chinese forums, even from people who came from very cold or wet parts of China. They couldn’t understand why the buildings here are so delicate and require so much attention and constants expenses?? Even for a concrete building. As well, maintenance fees in China for strata communities, literally thousands of units in a community, are extremely low relative to here and covers same if not more levels of services. So again, it makes people wonder why the fees are so high here relative to home. Now having said that, yes maintenance is not big issue for Chinese. There are 5 years old condo towers that looks like its 20 years old due to graffiti, and dents/depressions in concrete walls. But everything is build… Read more »
cris
Guest
cris

The Jews and the Blacks are also inferior.

The price of peace is too cheap. Everyone here knows anyone from the WII era? I don’t think so. You can only find them in history books no one reads, and they are probably just like 911, it is an inside job, could be a HAM fabrication to drive up house prices in West Van, so they can manufacturing cheaper condoms with rainforest pulp and moose skin.

Have you forgotten your merchandise? See A50915 is spiritual, and it therefore a mutation from and with the page 784 of the Gravity Rainbow.

Fear the pixel as much as you would have with honey ham. Do not forget the merchanDise.

PizzaEater
Guest
PizzaEater

whoa, looks like a bad batch of ‘be mine’ valentines candy hearts are going around!

Babcock
Guest
Babcock

i have lived in 30-40 year old house in Van, and i have no knowledge who built it, but my natural gas bills were 130-140 a month. I moved to Regina and rent it even older house then in Van and my gas bills were the same. I don’t have to tell you that temperature in Regina average -20 C for 6 months of the year. So in the same country we can see the difference where the houses are better built and insulated.

YLTNboomerang
Member

I’m pretty sure this is what has been going on in Vancouver. Changing the IIP may have some effect but my money is betting that the decline of the loonie will have a much bigger impact:

http://www.bloomberg.com/news/2014-02-14/chinese-join-winklevosses-in-l-a-luxury-home-hedges.html

If the CDN economy, and Loonie, continue to sputter I expect we will see some liquidations at the high end in favour of US properties. it is also my opinion that the recent gains in the Loonie are temporary until the next tranche of bad economic news comes out.

YLTNboomerang
Member

Oh Snap, Realtor’s bringing out the weather argument for poor sales:

http://business.financialpost.com/2014/02/14/canada-home-sales/

Too cold…

Wait for the summer when it will be too hot. Buyers must be really fickle and require an exact daily temperature +/- 2C to get hormones into the buying range.

Melba
Guest
Melba

….i have lived in 30-40 year old house in Van, and i have no knowledge who built it, but my natural gas bills were 130-140 a month. I moved to Regina and rent it even older house then in Van and my gas bills were the same. I don’t have to tell you that temperature in Regina average -20 C for 6 months of the year. So in the same country we can see the difference where the houses are better built and insulated…..

So, you think Vancouver houses should be insulated to the same degree (pun intended) as Regina houses. Really?

Melba
Guest
Melba

Great byline in the Globe today

“To many Chinese, buying entry to Canada was ‘paradise for the corrupt'”

I can’t link to the online copy, maybe it’ll be up in a while.

Babcock
Guest
Babcock

“So, you think Vancouver houses should be insulated to the same degree (pun intended) as Regina houses. Really?”

Of course. It is like buying 80k Chevy Tahoe and driving alone for jug of milk.

ILoveCharts
Guest
ILoveCharts

OH MY GAWD THIS MARKET IS ESPLOADING!!!!! BUY AS MANY HOUSES AS YOU CAN GET APPROVED FOR…. BORROW MONEY FROM YOUR FAMILY… ROB YOUR CHILDRENS EDUCATION FUND… YOU WON’T NEED A RAINY DAY FUND BECAUSE YOU WILL HAVE A ROOF OVER YOUR HEAD TO PROTECT YOU FROM THE RAIN….

ALSO… IT TURNS OUT THAT THE REALTORS NOW THINK HAM DOESN’T ACTUALLY MATTER…

http://www.cknw.com/2014/02/14/big-jump-in-housing-numbers-in-january/

Aggregator
Guest
Aggregator

California foreclosure starts… oops

That's what happens when you hike minimum wages.

VMD@work
Guest
VMD@work
Sob stories are coming in.. in today’s Sing-Tao Daily (One of biggest Chinese newspapers in Canada): Immigration dream lost, house purchase plan aborted, some forced to sell (Chinese) (I’ll attempt to translate below) After IIP was abolished, there are fears that not only Greater Vancouver RE will be impacted, but also sectors such as education, retail, tourism, etc. We (Sing-Tao) will launch a series of reports to investigate in-depth the economic impact of this new immigration policy. 1. [Mr Zhong] is a Taiwanese businessman working in Shang-hai. He applied for IIP in 2010, however his case has been stuck on wait-list. To move forward on his children’s education, he sent his children to study in Coquitlam in July 2012 as international students (Dr Charles Best Secondary & Como Lake Middle). His wife accompanies his 2 children, currently renting near the… Read more »
Heard Herd selling
Guest
Heard Herd selling

Happy 14k Valentine’s

gordholio
Member

#21 VMD:

You’re, as always, awesome.

Babcock
Guest
Babcock

” if he will consider applying for immigration via the upcoming “immigrant Investor Venture Capital Fund pilot project””

i would have to agree with him here. That Investor Venture Capital Fund is just fancy name for bulshit program. I mean if you have sustainable project/idea you don’t need to go half away around the world for funding. Unless they think that dry cleaners and nail salons need to start competing for Venture capital.

specialfx3000
Member
specialfx3000

#21.. Re: story about “Victim” of IIP abolishment

Please pass me the kleenex box, my eyes are all watery…

By the way, would the person chopping onions please stop.

Now, please pass me the popcorn.

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