Friday free-for-all!

Its that time of the week again!

Friday free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

-we’ll add links later! (Hopefully)

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

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Best place on meth
Member
Best place on meth

“Canada’s Federal Court has slapped down a bid by about 1,500 rich would-be immigrants, most of them Chinese millionaires, to force the government to process their visa applications under the defunct Immigrant Investor Programme, or pay them C$5 million (HK$36 million) each.”

I can’t believe the Chinese millionaires case was rejected.

Don’t they know these people built the railroads?

God, this is so unfair. I feel for these victims.

VanRant
Member
VanRant

@ BPOM

Both my grandfather and my great grandfather help build the railways and I am super happy that these idiots failed.

tedeastside
Member
tedeastside

vancouver is a pitiful backwater city with no big companies, no head offices and no industry

taylor192
Member

Fun fun I wondered what I could buy today with an inflation adjusted income vs what I bought in 2004.

In 2004:
– My mortgage rate was 4.39%
– My amortization was 25yrs
– My GDS ratio was 32%
– Which allowed for a $220K mortgage

In 2014:
– My mortgage rate could be 2.89%
– My amortization could be 25yrs
– My GDS ratio could be 39%
– Which allows for a $310K mortgage

A rate and rule change allows me to spend ~50% more. That is without adjusting my salary for inflation. Adjusted for inflation I could be approved for a mortgage of $370K, or close to double what I could afford a decade ago.

This is why the bull run has legs, yet cannot run forever.

southseacompany
Member
southseacompany

In the press today, more warning re: debt and high home prices:

CTV, “High prices, low mortgages threatening Canada’s housing market: OSFI”

CBC “OSFI deputy Mark Zelmer warns of housing risks. High house prices a risk to overall economy and especially to lenders, he says”

http://www.ctvnews.ca/business/high-prices-low-mortgages-threatening-canada-s-housing-market-osfi-1.1887764#ixzz35sLnc0g4

http://www.cbc.ca/news/business/osfi-deputy-mark-zelmer-warns-of-housing-risks-1.2688750

ow
Guest
ow
dd
Guest
dd

My realtor friends say they are shit ass scared about what is coming.

The fuckers deserve to get roasted.

Don’t you think?

Heard Herd selling
Guest
Heard Herd selling

Remember folks things always look rosy before they turn ugly, why do you think the developers are unleashing projects like wildfire? Suck em in with 5% depositsand sscore future work. The turning point is near can’t keep bull shipping on forever. And no it’s definitely not different here, well ok maybe we have more suckers than your average non world class city

pete
Guest
pete

Why warn, OFSI actually has the authority to do something yet, they just sit on their asses and not do anything.

tedeastside
Member
tedeastside

Seattle vs vancouver HAHA!!!

Seattle has Boeing Microsoft…..vancouver has 1-800 got junk

which city is the loser city

Guy Smiley
Member
Guy Smiley

Always right there on the fresh, cutting edge Teddy. Where do you constantly come up with such unique, thought-provoking material?

Heard Herd selling
Guest
Heard Herd selling

Way more gangs n drugs in Vancouver, also more shysters n homeless, but better Chinese food way better

Heard Herd selling
Guest
Heard Herd selling

Also way more rubntug in Vancity, those illegal immigrants make big $ to buy 7 digit homes, but have sore orfices

Son of Ponzi
Guest
Son of Ponzi

From the Richmond News
————
This July 1 will be more than just a Canada Day holiday for Richmond’s Maricel Cabral. It will mark a new beginning in her adopted country as she joins 40 or so others at Steveston Park to be sworn in as new Canadian citizens.
While she arrived here in late 2005 from the Philippines on a working visa as a care aid, the opportunity to officially affirm her allegiance to Canada will be an emotional one, replete with gratitude for the chance at a better life.

Cabral is now busy helping prepare applications for her mother and two siblings – a brother and sister – so they can all reunite in Canada.

pete
Guest
pete

The craziness continues.

First Brentwood Tower’s 247 units sells out in under 5 hours, buyers camp out for 3 days

http://www.vancitybuzz.com/2014/06/brentwood-tower-sells-out-buyers-camp-three-days/

ILoveCharts
Guest
ILoveCharts

The Brentwood Tower thing is surprising as it doesn’t seem consistent with other developments. Maybe I am just not paying close enough attention. Maybe Rennie just has one hell of a mailing list.

Ulsterman
Member

Pete, as much as I hate the real estate obsession in this town I must admit that the Brentwood area is going to be a great area to live for many people.

If I didn’t feel that prices are going to correct sooner rather than later I’d probably be tempted to buy there. There’s lots going for that area.

The only thing i do know is if i WERE to buy now, interest rates would spike and the market would crash immediately and I’d be kicking myself. I’ll stick to the more liquid stock market for now.

Son of Ponzi
Guest
Son of Ponzi

Here’s the reality.
Price drops in Richmond, as per A.Shucharf.
——-
Address LP Prev LP Change % Change Tot BR Yr Blt
8460 FAIRWAY RD 998,000 1,100,000 -102,000 -9 3 1964
4755 DUNCLIFFE RD 998,800 1,099,000 -100,200 -9 3 2013
5793 MAPLE RD 1,080,000 1,188,000 -108,000 -9 4 2014
10011 NO 4 RD 1,080,000 1,180,000 -100,000 -8 4 1978
9571 KILBY DR 1,088,000 1,188,000 -100,000 -8 5 1991
7820 WATERTON DR 1,088,000 1,180,000 -92,000 -8 6 1975
11080 NO 2 RD 1,188,000 1,288,000 -100,000 -8 3 1946
10100 BAMBERTON DR 1,298,000 1,398,000 -100,000 -7 4 1973
6500 GRANVILLE AV 1,198,000 1,288,000 -90,000 -7 4 1952
6751 NO 5 RD 1,400,000 1,500,000 -100,000 -7 0 9999
10831 AINTREE CR 1,268,000 1,358,000 -90,000 -7 5 2004
7200 PARRY ST 1,028,000 1,098,800 -70,800 -6 5 1976
10040 LASSAM RD 1,488,000 1,588,000 -100,000 -6 4 2014
5900 FRANCIS RD 1,488,000 1,588,000 -100,000 -6 5 2013
6788 CHATTERTON RD 1,098,800 1,168,000 -69,200 -6 6 1995
9480 FLORIMOND RD 799,000 848,000 -49,000 -6 4 1960
6131 PEARKES DR 1,688,000 1,788,000 -100,000 -6 4 1999
8251 GILBERT RD 1,020,000 1,080,000 -60,000 -6 5 1992
9500 SAUNDERS RD 1,598,800 1,688,000 -89,200 -5 3 1961
9600 DIAMOND RD 1,980,000 2,088,000 -108,000 -5 5 2013
12151 OSPREY DR 1,138,000 1,198,000 -60,000 -5 4 1986
8199 NO 1 RD 949,000 999,000 -50,000 -5 6 2005
8280 ROBINSON RD 1,788,800 1,880,000 -91,200 -5 5 2004
8820 FAIRDELL CR 808,000 848,800 -40,800 -5 3 1964
10900 WESTMINSTER HY 1,488,000 1,560,000 -72,000 -5 8 2012
5100 TURNER ST 601,000 629,900 -28,900 -5 4 1993
5331 JASKOW DR 1,039,000 1,088,000 -49,000 -5 4 1986

Best place on meth
Member
Best place on meth

Hong Kong lawyers march against China

http://news.yahoo.com/hong-kong-lawyers-march-protest-against-perceived-china-121429745.html

As I mentioned recently, the Hong Kongers believe strongly in the rule of law and democratic principles while the mainland shitbag dictators change the rules as they please and can never be trusted to keep their word.

FUCK china.

SHITHOLE country.

CuREous
Guest
CuREous

247 in 5 hours, that is bullshit.
Look at the line, there arent even 200 people there. How could your process that many sales in 5 hours even if it was true.

Reality is they have been selling these for months to insiders and agents. Didn’t Station Square originally claim tower 1 was sold out in X hours, and afterwards it said 95% sold.

moneybags
Guest
moneybags
southseacompany
Member
southseacompany

“They’ve been working for months, selling those units”; CBC Market Place, Condo crunch

http://www.youtube.com/watch?v=SNyltNIHhgs

Inherentsmart
Guest
Inherentsmart

There is a reason why rich people are rich, while u still rent other’s basement crying on a internet board. I’m talking to u Best place on meth.

MAC observer
Guest
MAC observer

Whisperer is back with a post about the RECBC decision on MAC Marketing.

http://whispersfromtheedgeoftherainforest.blogspot.ca/2014/06/the-recbc-investigation-into-mac.html

tedeastside
Member
tedeastside

Vancouver has more shysters ….
Seattle has more Software Engineers and Aerospace Engineers

maybe vancouver has more stretchy pants engineers i dont know

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