Your racism is boring us all

Yes, yes, I know you’re not a racist.

But see the thing is it’s easy to get worked up over perceived issues of unfairness and drift into blaming entire cultures for your woes.  Are there wealthy Chinese assholes buying real estate in Vancouver?  Well yeah.  Are there wealthy assholes from other countries buying real estate?  What about wealthy asshole Canadians?  Uh huh. check and check.

But what does this have to do with the price of that leaky house in east van you’ve got your eye on?  Do you really think the global elite are competing for that unit and pricing you out and that the insane growth in Canadian debt loads and bubble prices across the country is not a factor?  If so you’re the ideal sucker for a real estate marketer.

The fact is that even if you’re on welfare in Canada you’re probably better off than most people in China.  Heck, you’re better off than the majority of people in the world.  But it’s a lot easier to notice that teenager in a Lamborghini than to be thankful for what you’ve got.

Now clearly not everyone agrees that an endless discussion over ‘HAM’ is mind-boggling boring, but if you do please consider down-voting repetitive blame comments and trolls but up voting informative fact filled comments.

For a site without active moderation we’ve been remarkably lucky to have interesting conversations and generous people sharing information and data that is hard to find anywhere else.  Lets try to keep that way.  Our hope is that the community comment rating system can be used by you the reader to shape the discussion away from blaming cultures and down to blaming the real drivers of a housing bubble: speculators, buyers, government and lenders.

 

 

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Melba
Melba
6 years ago

….Well national data does tell us that Winnipeg has gone up more (250%) than Vancouver (220%) over the last 10 years.

Are they running out of land perhaps?….

Of course not! The Reason Winnipeg’s RE has gone up more than Vancouver is obvious: Winnipeg held the Pan Am Games in 1967 and since then, everybody want’s to live there. http://en.wikipedia.org/wiki/1967_Pan_American_Games.

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6 years ago

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6 years ago

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patriotz
6 years ago

@59: “National data does not explain why what’s going on.”

Well national data does tell us that Winnipeg has gone up more (250%) than Vancouver (220%) over the last 10 years.

Are they running out of land perhaps?

patriotz
6 years ago

@65:

Well here’s evidence that you can buy a SFH in Regina for $100K:

http://beta.realtor.ca/propertyDetails.aspx?PropertyId=13898403

And before I hear “well it’s in a crappy neighborhood”, what would its peer in a crappy Vancouver neighborhood go for?

patriotz
6 years ago

@54: “the people who said that we are letting tax cheats and parasites into the country were right as the government’s own data shows.”

Well thank you.

“the ones who opposed them were wrong, but they don’t want to admit it.”

So who are they?

West Coast Woman
West Coast Woman
6 years ago

@51 patrioz: Re your comment quoting: “In the past 3 years in my area alone about 30% of the houses have been rebuilt to suit the Asian market… These new houses cost at least twice as much as the older houses both to purchase and to maintain. And I suspect there is very little market for them outside of IIP purchasers. ” Note the conflation above between the “Asian market” (which in its broadest sense means anyone who is of Asian ethnicity, which is over 40% of households in Metro Vancouver), and “IIP purchasers” (IIP immigration has been about 3000/households year for all of Canada).” In my neighbourhood ALL of the purchasers in the past 3 years have been from mainland China. And I do know the difference between those who came here earlier under the IIP and those from… Read more »

Bag it and tag it
Bag it and tag it
6 years ago

@ Babcock
” My ass is affordable. There is not even proper sewage system in the city and we have houses over million. frikking paradise.”

I’m sure your ‘ass’ is affordable, and no one will doubt the capability of it’s sewage system…

fixie guy
fixie guy
6 years ago

@62 space889 Says: “If calling out racism and BS as I see…”

‘As you see’ is the crux of the problem in a nutshell. Criticizing Chinese sub-cultures is out of bounds but of course it’s 24k gold truth, not bigotry, when you’re ripping on entire generations. Seek professional help.

Many Franks
6 years ago

@Babcock: Average new SFH in Regina is not $1M. Finding a 2BR luxury unit for $990k does not prove your case.

Babcock
Babcock
6 years ago

its even worse then what i said,
2bdr condo for cool 990k!!!!!!!!!!!!!!!!!!!!!
no gold faucets.
https://tinyurl.com/lofmexc

Go back to reading school
Go back to reading school
6 years ago

“average new SFH in Regina is about cool 1 MILLION.”

Can you link to evidence for this?

Yunak
Yunak
6 years ago

Tell it to those locusts face that they aren’t welcome here and get out??

No need to panic and be rude yet, locust are seasonal, they come, make some damage and they go. Unfortunately in the meantime they cause frustration.

Babcock
Babcock
6 years ago

@MF @p-ditz: “As everyone knows, the rest of Canada is cheap compared to Vancouver.”

i would like to try what you smoking 🙂

average new SFH in Regina is about cool 1 MILLION. How is that cheap? Yes it is cheaper then Point Gray but is it affordable? My ass is affordable. There is not even proper sewage system in the city and we have houses over million. frikking paradise.

space889
space889
6 years ago

If calling out racism and BS as I see…sure I’m butthurtz…

For the haters, seriously, if you hate the locust so much, why not start your own party based on a platform to drive them out?? Or take your messages to the mainstream media and gather more supporters? Tell it to those locusts face that they aren’t welcome here and get out?? instead of ranting on an Internet forum that 90% of the Metro Van population doesn’t even know about and get hurt when people calls you out on it?

space889
space889
6 years ago

@George – Remind me again how is calling an entire population of people locust and referring to their home country as hellholes, piece of shit, and other degrading remark thoughtful, rational discussion?? I don’t see those posts being voted down, rather being voted up at a furious pace. I don’t like the HAM and admission of corrupt official as much as the next person, but that’s different from calling Asians/Chinese locusts, morons, uncivilized pigs with tastes, etc, etc… Those are racist remarks pure and simple. The fact they are being upvoted so much and beloved shows just how much racism there is, whether it is just hate, jealous, little man syndrome or whatever. Jesse is right…this forum has slowly turned away from discussions about RE into a cesspit lead by the likes of BPOM. BPOM got banned on realestatetalk forums… Read more »

UBC in crisis mode
UBC in crisis mode
6 years ago

Why suddenly Van West SFH is not selling?

Jan. 2014:

Listing: 400
Sold: 118

Feb. 2014 (so far):
Listing: 132
Sold: 10 (even if it doubles by the end of the month, 20 is toooo low?)

@MF @p-ditz
@MF @p-ditz
6 years ago

Vancouver house prices are in a league of their own. National data does not explain why what’s going on.

As everyone knows, the rest of Canada is cheap compared to Vancouver.

Many Franks
6 years ago

24% of Canadians see their homes as main source of retirement income:

“We were really quite surprised to see such a high percentage of Canadians thinking of using their homes as a primary income source of retirement and another 17 per cent saying they weren’t quite sure,” Kevin Dougherty, president of Sun Life Financial Canada, said in an interview.

“The fact is that many people don’t have access to pension plans at work,” he said. Many also do not have significant personal savings, making home equity more attractive, he added.

But real estate is a volatile asset class and can’t be counted on to sustain high values forever, Mr. Dougherty cautioned.

“It is really quite striking how fast home equity can disappear. One needs to really think through whether that strategy will work and whether it will be enough.”

Many Franks
6 years ago

Nobody’s telling anyone not to talk about HAM, immigration, etc.; just keep it relevant and remember that you’re guests here.

Try to spot the difference between informational, on-topic posts and off-topic, inflammatory posts. Try to emulate the useful ones, try to mod down the useless ones. It’s not complicated.

FALCON_PUNCH
FALCON_PUNCH
6 years ago

What a bizarre discussion. COCS and HAM helped pump up this bubble. But we should ignore HAM because of ‘racism’???

wow… just… wow…

racism
racism
6 years ago

The fear of racism is why the ridiculous IIP was kept alive for over 20 years.

milkbaby
milkbaby
6 years ago

the already existing divide on this blog has turned into a chasm.

the people who said that we are letting tax cheats and parasites into the country were right as the government’s own data shows. the ones who opposed them were wrong, but they don’t want to admit it.

some are even trying to justify and rationalize allowing tax cheats into the country.

mls watch
mls watch
6 years ago

@52

both…