Let’s confuse the public.

Frances Bula has some comments about a recent proposal to tax vacant properties, pointing out the bizarre lack of logic in most arguments against:

… Real-estate marketer Bob Rennie said it would kill foreign investment in everything, since it would inevitably lead to a tax on foreign investment in manufacturing or other sectors. (Never heard of that in other jurisdictions with housing taxes.)

The mystery documents from the finance ministry surfaced again, claiming it would kill off $1 billion and 4,000 jobs related to construction. (Puzzling claim, since this surtax wouldn’t affect, say, foreign investors who are putting capital into major construction projects.)

And Premier Christy Clark claimed again that somehow this could end up targeting seniors who spend part of the year in the hospital or vacationers. Yet the proposal clearly stated that people who do or have contributed to the local economy (in other words, people collecting pensions) would be exempt.

Read the full comment here and Bulas’ article in the Globe and Mail here.

Sort by:   newest | oldest | most voted
w
Guest
w

“Had the pleasure of meeting a few of the forum characters. Most casual readers of this forum have no idea how many really smart professional analysts and portfolio managers read and contribute to this site. VCI is without a doubt the top online real estate forum in the country”

Ben Rabidoux – November 28th, 2012

These “really smart professional analysts” have been putting their money into stocks while the average person has blindly and mindlessly poured their money into real estate. I’d side with the average dum-dum over the really smart professional.

http://vancouvercondo.info/2012/11/a-note-from-ben-rabidoux.html

franko
Member
Active Member
franko

@66 (previous thread)
” I’m actually surprised Poloz stayed pat ”

I guess his consultation with Harper last week paid off (YES, HARPER, the happy hugger was too busy).

space889
Member
space889
What confusion? It’s pure and simple scare tactic & fear mongering. Given that RE has powered the provincial or at least GVRD economy for the last few years with no actual real work on part of politicians and made the average voter feel wealthier, is it any surprise that politicians don’t want to rock the boat, and *gasp* create policies that would people to actually work for wealth? Now add in a low Cdn dollar and hopefully a tourism and film/TV production rebound, the BC Liberals might actually get a shot of another victory at the next Provincial election. That would make Christy Clark the longest serving female provincial leader and likely the only one in the country that has been re-elected. With another provincial victory, she might even get a good shot at the next Federal Conservatives Party leadership.… Read more »
space889
Member
space889

Funny reading comments from way back, bull comments was downvoted back then and still downvoted now. But no bears are willing to admit that bulls have been right. Goal posts and measuring sticks just keep changing, anything to avoid to admit bulls are right.

At least back then, the comments were slightly more civil and less racist vitrol.

null
Guest
null

looks like the stock market is finally bottoming. wow, did you housing bears shit your pants? thank god for liquidity huh?

null
Guest
null
Best place on meth
Member
Best place on meth

As usual, the filthy traitors among us – notably Krusty and Rennie want to keep selling us out to communist chinese criminals.

We need a special traitors prison for people like this and we can throw the less known idiots like space, shut it down and all the other race-baiters in there while we’re at it.

Dave
Member
Trusted Member
space, some of those negative posters have left. Remember Drachen and Freako? Read what I said back in 2008 and 2009 and how pretty much everything I predicted came to pass. Those guys had some serious hate on for me. Drachen even got threatening at times. I’m no longer the bull I once was and I’ve switched to somewhere between Team Neutral and Team Bear. My current prediction is that we are nearing peak valuations for single family homes and will likely continue a flat market for multi-family. I don’t see a crash happening because the inventory isn’t there to allow it and our economy is diverse despite my expectation for slow growth. I think sales volume might start going up from here. I think some people will cash out of their SFH’s and some people will give up and… Read more »
Doomcouver
Guest
Doomcouver

http://www.vancitybuzz.com/2016/01/lansdowne-centre-redevelopment-richmond/

To summarize, Lansdowne Mall is getting bulldozed to put up condos and some small shops. I honestly feel bad for anyone working retail in Canada right now. Between Target Canada imploding, Future Shop closing up, and the seemingly relentless bulldozing of commercial property to put up overpriced residential, retail jobs are evaporating at an alarming rate.

Dave
Member
Trusted Member

And Target couldn’t make a go of it when our dollar was still strong. I think there is going to be a lot of disruption in retail because of price inflation. Margins in retail are low and our economy maintains very little inventory nowadays because we can manage orders better. So, I think we will quickly see prices rise in stores this year. Demand will obviously drop. Not good.

Vanco
Guest
Vanco

@ space. Some people will blame everything/everyone except themselves. Imagine if the housing market didn’t go up and the bulls demand government subsidy to cover their loss. Ridiculous? not to the entitled few here.

@ Dave. I am neutral too. Whether you are bull/bear, you need to manage your risk. Oh housing is too high, so I will wait until it crashes even though I need a primary residence. we know how that worked out.

Yunak
Member
Yunak

@9

BC’s demographic future, a communist totalitarian model, more residential, less commercial/public places. Good to keep masses concentrated and under control.

Oracle
Guest
Oracle

I would sue ICBC imfor negligence.

ICBC seems to licence everyone with a pulse. Foreign licences accepted. And you can get a BC licence with a letter from your overseas country. Pay 50 Yuan in China or 1000 rupees in India and Easily get a licence with any date on it.

Yunak
Member
Yunak

@13

Without it car car-dealership business would be dead, especially high-end segment. Business and ICBC know that 99% of expensive car buyers would never get DL under local standards.

Barb Rennie SS
Member
Barb Rennie SS

You are a bitter loser

Dave
Member
Trusted Member

BC – Bring Cash – and you’re in.

Hopefully those people are OK. I’m not going to honk at old people driving slow anymore.

ostritch
Member
ostritch

Who’s buying CDN banks and when?

ostritch
Member
ostritch

How long can stores like Crate and Barrel hold down costs in Canadian dollars? My guess is not much longer. Street retail is gonna go back to being a 3rd world snoozefest any minute now.

null
Guest
null
null
Guest
null

McArthurGlen Designer Outlet soars on early figures

American shoppers taking full advantage of tanking Canadian dollar

http://www.richmond-news.com/business/mcarthurglen-designer-outlet-soars-on-early-figures-1.2152165

null
Guest
null

whaaaaa! why can’t BOC raise rates and save me for the poor decisions that led to me being priced out forever (POF).

Best place on meth
Member
Best place on meth

@6

Finally, The One Cafe now has a drive-through window.

Mortgageslave
Member
Mortgageslave

“looks like the stock market is finally bottoming. wow, did you housing bears shit your pants? thank god for liquidity huh?”

No shit, I sold for some profits at eoy 2015… Now I”m Down 4% in 2016, yawn…. nothing like diversity, that and I have a high % in US stocks so really only down 2/3% with exchange. Not every CAD oil stock is getting hammered. I recently bought TOU this past month. Cash and assets are 100% of stock value. Oil can go to $5 it won’t move.

Nice try though NULL. you OBVIOUSLY are clueless about $$$…and so bitter? Obvious Junior realtor

@Space “Funny reading comments from way back”….Wow, you really are a completed f’in loser, some people on here are so pathetic.

paulb
Member
Active Member

New
230
Sold
52
TI:7233

http://www.paulboenisch.com

Dave
Member
Trusted Member

I got 5 pamphlets in the mail today from different realtors trying to get a listing. I think that’s a record.

Vanco
Guest
Vanco

Why are the bears so good at the stock market? Cashing out at the right time, went heavy into USD early, picking the right stocks in a sea of oily red? Saving their ballooned portfolio for the inevitable crash in the wasteland called Vancouver (going on 10 years, but no point obsessing over the little details)?

Then I remembered the studies. All investors believe they are above average, and most investors badly trail the index.

wpDiscuz