Friday Free-for-all

It’s 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.

Here are a few recent links to kick off the chat:

Sales fall because not enough inventory?
Hey, Politicians!
BOC not responsible for record debt
Shaky economy for next PM?
It’s all relative
You can’t afford the burbs

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

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tedeastside
Member
tedeastside
tedeastside
Member
tedeastside
trackback

[…] following was posted by ‘Whistler or bust?‘ in the comments this […]

vangrl
Member
vangrl

Did BPOM have a bet going on with someone?

paulb
Member

New
250
Sold
214
TI:11040

http://www.paulboenisch.com

History
Guest
History

http://cponline.thecanadianpress.com/graphics/elections/provincial/pages/ONT-ELXN/

this link is the Ontario Provincial election results, June 13, 2014.

The Liberals win on a Toronto urban surge.

Mortgage Fear, just like in BC.

Pookie
Guest
Pookie
space889
Guest
space889

@Tiger – So?? What’s the big deal here? Are you implying that only non-Chinese should be allowed to buy and develop land?

Canccord Pacific for all intends and purpose is a HK company and its one of the biggest developers in BC now. Do you think they should be barred from RE investments & development in BC?

space889
Guest
space889

@StupidityCheck – Right, and all those anti-Chinese posts by team BPOM are what? Hard hitting journalism?

Geez….saying I’m race baiting when you people are the ones who keeps bringing up race and posted racists comments, that’s really justified.

space889
Guest
space889

@TheTop – I used to be bear back in 08/09 until I saw just how badly wrong I was. I’m not a full fledged bull on RE and frankly I’m hoping it will fall a lot since I’m in the market. However, I also realize that just cuz I want something doesn’t mean it will happen, no matter how rightly I think things should go certain way.

Presently I see no reason for SFH home prices to fall. I’m surprised at the strength of condo & TH prices and I can only attribute that to low interest rate, frustration, and stupidity of local buyers.

space889
Guest
space889

@WSR – As for health care, I doubt the rich are willing to wait years to see a specialist or get an operation just to save some money, when they can pay for immediate treatment back home.

space889
Guest
space889

@WSR – As for health care, I doubt these rich people are willing to wait years to see a specialist or get an operation just to save some money. They are more likely to pay for immediate treatment back home.

space889
Guest
space889

@WSR – As for health care, I doubt these rich people are willing to wait years to see a specialist or get an operation, while their condition gets worse, just to save some money. They are more likely to pay for it for immediate treatment back home.

space889
Guest
space889

@WSR – As for healthcare, I doubt these rich people will be willing to wait years to see a specialist or an operation, while their condition gets worse, just to save some $$$. They are more likely to pay for it in China for immediate treatment. Most people who care about their own health would pay $$$ to get immediate treatment if they can.

space889
Guest
space889

@WSR – And yet, given the argument that they are absent all the time, how much local city & provincial services are they using?

As for healthcare, I doubt these rich people will be willing to wait years to see a specialist or an operation, while their condition gets worse, just to save some $$$. They are more likely to pay for it in China for immediate treatment. Most people who care about their own health would pay $$$ to get immediate treatment if they can.

space889
Guest
space889

@WSR – And yet, given the argument that they are absent all the time, how much local city & provincial services are they using?

As for healthcare, I doubt these rich people will be so tolerant and wait for years for a specialist or an operation while their condition gets worse, just to save some $$$. They are more likely to simply pay for it in China for immediate treatment.

Tiger
Guest
Tiger

604 West Broadway Sells in $39MM Deal to a Chinese investor

http://www.vancouvermarket.ca/2015/10/14/604-west-broadway-sells-in-39mm-deal/

space889
Guest
space889

@WSR – And yet, given the argument that they are absent all the time, how much local city & provincial services are they using?

As for healthcare, I doubt these rich people will be so tolerant and wait for years for a specialist or an operation while their condition gets worse, just to save some $$$. They are more likely to simply pay for it in China for immediate treatment. Most people who care about their own health would pay $$$ to get immediate treatment if they can.

StupidityCheck
Guest
StupidityCheck

Hard to believe, but spaceclown is Executive Director of the Chinese Canadian National Council. He even resorts to race-baiting on his facebook page. No shame.

https://www.facebook.com/victor.wong.355?fref=ts

space889
Guest
space889

@WSR – those foreigners don’t pay property taxes on their properties? Or GST/PST on all their luxury purchases at Holt Renfrew, Tiffany, Hermes, LV, Prada, and now Nordstrom stores? Or all the various jobs like gardener, property maintenance, and restaurants they are supporting? Or gas taxes on the most expensive grade of gas for their luxury car and associated high cost maintenance costs? Let’s not forgot all the $$ they are pumping into private schools in Vancouver as well – just look at St. George.

space889
Guest
space889
@WSR – those foreigners don’t pay property taxes on their properties? Or GST/PST on all their luxury purchases at Holt Renfrew, Tiffany, Hermes, LV, Prada, and now Nordstrom stores? Or all the various jobs like gardener, property maintenance, and restaurants they are supporting? Or gas taxes on the most expensive grade of gas for their luxury car and associated high cost maintenance costs? Let’s not forgot all the $$ they are pumping into private schools in Vancouver as well – just look at St. George. And yet, given the argument that they are absent all the time, how much local city & provincial services are they using? As for healthcare, I doubt these rich people will be so tolerant and wait for years for a specialist or an operation while their condition gets worse, just to save some $$$. They… Read more »
space889
Guest
space889

@bullwhip29 – If the construction for a new luxury mansion is $1M now then 1% of that is ~$10K/yr which is reasonable for the decade or two. I wouldn’t include stuff like stainless appliances, renos. Maintenance would simply be the house itself and ensuring it is cared for.

space889
Guest
space889
@WSR – those filthy foreigners don’t pay property taxes on their properties? Or GST/PST on all their luxury purchases at Holt Renfrew, Tiffany, Hermes, LV, Prada, and now Nordstrom stores? Or all the various jobs like gardener, property maintenance, and restaurants they are supporting? Or gas taxes on the most expensive grade of gas for their luxury car and associated high cost maintenance costs? Let’s not forgot all the $$ they are pumping into private schools in Vancouver as well – just look at St. George. And yet, given the argument that they are absent all the time, how much local city & provincial services are they using? As for healthcare, I doubt these rich people will be so tolerant and wait for years for a specialist or an operation while their condition gets worse, just to save some $$$.… Read more »
space889
Guest
space889

@Jonathan – Sure…I am referring to that you can’t just assume a standard tax rate off a certain income since 2 income vs 1 income makes a huge difference in total taxes paid.

As well, not related to your post, that most buyers of $1M+ homes aren’t paying the minimum down payments which for some reason bears on this blog always assume they do as first time buyers. That’s just not the case.

Lastly, again nothing to do with your post, for all the bitching and complaining about foreign money, they don’t seem to realize that Canadians have been doing this to many other countries for decades. Now that table is turned they get all indignant about it….what’s that phrase? Karma is a bitch?

Westside Realtor
Guest
Westside Realtor

Do we really want tens of thousands of rich corrupt foregners using our public services but not paying anywhere close to their fair share of taxes?

I dont.

WSR