It’s that time of the week again…
It’s 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:
–no quick end to the boom
–risk from heavy mortgage debt
–Poloz tells Trudeau to spend
–26% of Ontario struggles to afford homes
–move to Austin?
–
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
Over the past few years, the amount of information available
by way of the Web has multiplied exponentially.
@71
“The position, which pays about $70,000, involves routinely visiting new and existing businesses and “encouraging” them to include English on their “business signage, advertisements and other forms of commercial communication.”
Encouraging them, encouraging them…
WTF? Those ignorant assholes should be given a deadline to put English on and remove Chinese signage in 48 hours otherwise get business closed and be heavily fined to cover expenses of law’s enforcement. Such level of ignorance is just unacceptable.
Airbnb use growing, affecting Vancouver rental market
http://bc.ctvnews.ca/airbnb-use-growing-affecting-vancouver-rental-market-1.2698972
RAISE THE RENT!
Genworth (MIC-T) down almost 4% today to a new 52 week low of $25.54.
“Not until they sell.”
They don’t have to sell. They secure shelter for their families and move on with their lives. Bears have been putting their lives on hold since 2004 and counting. What a shame!
@Tiger – So how do gov’t satisfy the OSHA act for police, firefighters, soldiers? Or even the parking officers?
Geez…you people are so looking for any tiny bit of excuses to blow things out of proportion on fear mongering about Chinese, it is pathetic.
And really, if people are conditioned to cow before city officials in China, they are suddenly going to act all macho against city officials here? Especially all those old little ladies?
@72
Fluency in Chinese languages (Mandarin and Cantonese) is required for this position.
@58 Even people who bought recently have made a lot of money
———————————
Not until they sell.
But in the meantime they are free to borrow against paper equity in order to assume real debt. Why not? Everyone else is.
“US interest rates will rise – and hit 3.5pc by the end of 2017”, The Telegraph UK
“A momentous change looms large in the US. It seems highly likely that the US Federal Reserve will raise interest rates this week.”
“What makes the probable rise in interest rates so significant is not the size of the increase. The rate rise is likely to be a mere 0.25pc. But this would represent the first rate increase for nearly 10 years. Moreover, we all know that once rates have begun to rise, usually the process does not stop after only one increase.”
“Canada’s household debt burden hits record high in third quarter”, Globe & Mail
http://www.theglobeandmail.com/report-on-business/economy/canadas-household-debt-burden-hits-record-in-third-quarter/article27742769/“Canada’s household debt burden hit another record high in the third quarter of 2015, as Canadians’ debts grew faster than their incomes.”
Occupational Safety and Health Act (OSHA) of 1970, employers are required to provide their employees with a place of employment that “is free from recognizable hazards that are causing or likely to cause death or serious harm to employees.” The courts have interpreted OSHA’s general duty clause to mean that an employer has a legal obligation to provide a workplace free of conditions or activities that either the employer or industry recognizes as hazardous and that cause, or are likely to cause, death or serious physical harm to employees when there is a feasible method to abate the hazard. I GUESS THE RULES DOESN’T APLLY TO CHINESE WORKING CONDITIONS AND EFFORT Work is performed off-site and at City Hall and includes first contact with members of the public. Disagreeable situations which include verbal abuse, threats, rudeness and the risk of… Read more »
The City of Richmond is hiring a new bylaw inspector who will be tasked with asking business owners to add English to their Chinese-language signage. The role will not be for the faint at heart: amongst the working conditions that the future inspector can expect: “disagreeable situations, which include abuse, threats, rudeness and the risk of potential violence.
ONLY IN VANCOUVER WE PUT UP WITH THIS SHIT, IMAGINE US DOING THIS TO THE CITY EMPLOYEE IN CHINA YOU WILL BE SHOT IN THE HEAD
http://www.richmond-news.com/city-hall/chinese-sign-cop-can-expect-abuse-1.2130987
Man’s near-fatal experience depicts the pitiless realities of modern China
In China today “no one is responsible for each other,” said Zhang Lifan, a historian and critic of the Communist Party. The viciousness of the Cultural Revolution and the subsequent mad scramble for wealth have left an emptiness that “might take 150 or 200 years to fix. The key is, the current system must change,” he said.
“China now has nothing. People do not believe in Communism, and other forms of morality have been destroyed by the Party.”
Hey, where are all the HAMs in Hong Kong?
Property foreclosures in Hong Kong will double from current levels by the end of next year as a slowing economy hurts borrowers’ ability to service their mortgages, according to an auctioneer with 23 years of industry experience.
Why would that be? It gives the Premier and Mayors a moral right to introduce Carbon Sales Taxes on a whole list of items under the guise of “doing it for the environment”. Apparently they want to call it the CST!
Politicians fucking taxpayers. Who would have through that was possible?
THE COAL BUST
The impact has been especially painful in Tumbler Ridge, where prices for single-family detached houses have plunged. In the first 10 months of this year, detached homes sold in the community averaged $128,333, down 47 per cent from $240,901 in the same period of 2013, according to the B.C. Real Estate Association.
Any of this in local media? Didn’t know it was this tough up there….GS
Hepner gets her LRT made for her developer friends.
Moonbeam gets more bike lanes and Broadway subway for his pals.
They are having a party today!
Glad you appreciate some of my posts. Thx.
Now back to posting lol…
The Paris Climate ‘treaty’ has been signed. I’m hearing chatter through municipal circles that the Mayors and Premier of BC are just loving it. Why would that be? It gives the Premier and Mayors a moral right to introduce Carbon Sales Taxes on a whole list of items under the guise of “doing it for the environment”. Apparently they want to call it the CST!
I’m thinking around 1% of purchase prices to apply to items such as cars, flights, cruises, certain types of meats, Oil changes, etc.
yeah, housing is bitch, i dont care what country or race, we are in this pickle together. Open your door this season, and good things will happen, whatever your financial condition. Be well VCI, and let your good sense guide you.
HPI for detached houses in Richmond up 24% in one year.
http://www.rebgv.org/home-price-index?region=Richmond&type=Detached&date=2015-11-01
wow… 😀
Ted, you live in Vancouver. Enough with the charade.
@59
” Chinese are main buyers of Canadian polar bear fur ”
You missed the part that said “and other parts”.
They’re also the only people unscrupulous enough to consume rhino horns, tiger penis, and parts from many other creatures facing extinction…all to increase their virility.
Too bad the parts from these poor creatures couldn’t be laced with a bit of arsenic to help balance the population.
heard Vancouver has an awesome climate and outdoor activities. surely everybody wants to live in that region
today in SoCal
https://c1.staticflickr.com/7/6137/5966472158_0b6d4f0605_b.jpg
@49 oracle
“MSM and vested interests don’t want you to know these things.”
That is most certainly the case, as on MSM, we are subjected to endless propaganda from various vested interests dressed up as something newsworthy or noteworthy, interspersed with feeble analysis and sheer ignorance from reporters.
I for one hope you continue to post your observations on this blog. I appreciate your candour and your perspective.
Chinese are main buyers of Canadian polar bear fur: study
http://www.ctvnews.ca/business/chinese-are-main-buyers-of-canadian-polar-bear-fur-study-1.2689464
