Friday Free-for-all!

It’s the end of another glorious work-week in paradise and that means it’s time for another Friday Free-for-all!

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:

Thumb-twiddling pays $47 / hour
Premier warns on shadow flipping
No God-given right to live here
BC parents delay birth
Down in USD?
Unsolicited offers?
Credit fueled bubble
Shark jumped

On a side note, we’re curious.. why spend time manipulating comment voting when it has no effect on the comment?  And why do so many of you only want to discuss racial stereotypes?

There have been a number of requests for IP bans, even though they are more of an inconvenience rather than something fully effective. that said we’ve thrown a poll in the side bar, so vote away on who you want to ban!

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[…] tourism ad –January sales hit 6 year high –A short or long term rental? –Shorter border line-ups –Inflation up, spending down […]

southseacompany
Member
southseacompany

“Home Groans – 60 minutes”, Australian 60 minutes – full segment

https://www.youtube.com/watch?v=j_ktN_h7-J4

Segment aired Sunday 21st Feb 2016 on Channel 9 in Australia.

Diadora
Guest
Diadora

Looks like its going to be worst in Vancouver. I know of people with 3 to 10 houses and up to 30 condos in the Vancouver Area. The bubble is even worst in China where 20+ ghost cities are speculated upon. When this baby blows, heaven help us. Thank you Janet Yellen and Steven Poloz.

Hyper-mega-Bull
Member
Hyper-mega-Bull

it’s only worse if those houses and condos are sitting empty. are they sitting empty?

Diadora
Guest
Diadora

Whens the last time you walk around Yaletown or certain part of Westside at night, its like a ghost town.

Hyper-mega-Bull
Member
Hyper-mega-Bull

point taken. it’s true that HAM often leaves properties empty, but if HAM gets hurt, who cares? not me.

BPOE boyfriend
Member
BPOE boyfriend

Hyper
Don’t foget to attend your KKK meeting next week

cat in the hit
Guest
cat in the hit

comparable only to Alberta, not here.

Doomcouver
Member
Doomcouver

The elephant in the room is a little something called systemic risk. Speculative credit bubbles can send ripples through the market country-wide when they pop. Depending on how big the pop is in Alberta will determine how much it crashes the entire credit market in Canada.

Although in my opinion the real risk isn’t a credit crash in Alberta depressing prices in other markets, it’s how it could change people’s perception of the safety of their real estate investments. The paradigm shift could be quite dramatic and will change quickly when it happens.

Hyper-mega-Bull
Member
Hyper-mega-Bull

if housing appears to be in danger, do you think the government will step in or do you think they’ll let the canadian economy be destroyed?

patriotz
Member

The US is doing pretty well these days for an economy that’s been “destroyed”.

Anyway, if Communist China can’t keep the balls in the air any more, what makes you think Canada can?

Hyper-mega-Bull
Member
Hyper-mega-Bull

i’m not sure what you mean about communist china not being able to keep all the balls in the air. can you be more specific?

Chinaone
Guest
Chinaone

My cousin send me link.

He say his cousin also here. 784,000 in Canada . plus some cousin who overstay visa not counted.

http://www5.statcan.gc.ca/cansim/a26?lang=eng&retrLang=eng&id=0510020&&pattern=&stByVal=1&p1=1&p2=31&tabMode=dataTable&csid=.

BPOE boyfriend
Member
BPOE boyfriend

China one
I think you are some bitter Canadian trying to fake bad grammar to tell your bullshit stats …join BPOs Nazi meeting next Thursday in Chillwack

southseacompany
Member
southseacompany

Australian version of 60 minutes, preview clip;

“8.15 Sunday on 60 Minutes”
“The great Australian dream is coming to an end. Sunday on 60 Minutes – how to survive the looming mortgage crisis and save your family home.”

https://www.youtube.com/watch?v=wyD7cZ3GfH0&spfreload=10

southseacompany
Member
southseacompany

“Renowned expert predicts the mortgage bubble will burst and property values will plunge by 30 to 50 PER CENT”, Daily Mail Online

http://www.dailymail.co.uk/news/article-3457077/Insane-s-best-word-Australian-housing-market-Renowned-expert-predicts-mortgage-bubble-burst-property-values-plunge-30-50-CENT.html

“Renowned investment expert Jonathen Tepper predicted the mortgage bubble burst in Ireland, the United States and Spain and has has warned Australia will be next.”

“Mr Tepper has no doubt the mortgage crisis will hit Australia. ‘It’s not a question of if, it’s just a question of when,’ he said. ‘In Australia the madness is collective, meaning everybody is borrowing more money than they should.’ Mr Tepper pretended to earn an annual salary of $110,000 in order to see how willingly banks and brokers offer obscene amounts of money as loans to Australians with average incomes.”

southseacompany
Member
southseacompany

“The UK property boom is now bigger than the 2007 housing bubble in the US”, Business Insider UK

http://uk.businessinsider.com/property-boom-in-europe-v-2008-housing-bubble-us-2016-1

“These scary charts from Barclays suggest that if the UK is in a bubble, it’s proportionately worse than the US housing bubble was when it popped in 2007 during the credit crisis.”

null
Guest
null

Albert Cheung 張武孝 Vancouver MTV Finn Slough teaser : Have I told you,,,,

https://www.youtube.com/watch?v=sgCpXUFQaOE

Andy
Guest
Andy

Okay, so as far as I can see it, the fact that we have 10 -1 ratios of air bnb rentals to long term rentals downtown is kind of a
Mic drop. Like this whole everyone wants to live here argument is old and tired. Everyone wants to speculate here. Got it? There is a difference. I am so sick of reading this crap about how people like me that grew up here and have always lived extremely modestly don’t “deserve” to live here. No, I do, you don’t deserve to speculate here and destroy families, friendships, and essentially people’s lives.

GreenSalad
Guest
GreenSalad

@ Andy
Politicians here are concerned and very much want to hear from you……

Andy
Guest
Andy

Ha ha, yes, I know. They want to speak to me and let me know that there is no official data or that I’m racist. Truth is, I actually feel more hopeful about this place than I have in a long time. I know it doesn’t have to be this hard for people and now we are seeing more and more evidence of this. In full disclosure, I am not even interested in buying a place at all. I live in a coop and wouldn’t trade it for the world. I just know that renting/ buying doesn’t have to be so tough for people.

null
Guest
null

You seem frustrated by the current situation.

Runawayscreaming
Guest
Runawayscreaming

Well said.

Greaterfool
Guest
Greaterfool

Garth blog is pure entertainment now. No mention of HAM even in comments. Blind leading the blind. hahaha

BPOE boyfriend
Member
BPOE boyfriend

Greaterfool
I surprised losers like yourself can even read!

Guy Smiley
Member
Guy Smiley
What’s all this bullshit about red tape? It sure doesn’t appear to be a problem for developers here in Lynn Valley at least. There are currently 360 units about to begin construction in the ‘first phase’ of construction where the LV mall is now. Right across the street the Mtn Court Apts will get demolished in august and another 321 units will be underway. This follows the completion of about 200 units around the corner last year. Steps away from these there are 30 units being built where a small hardware store stood for 40 years. There are some 40 more partially built across LV road. And there are others underway as well. There are only two roads out of Lynn Valley and it can take me over 20 minutes to get the 1.1 km from my home to the… Read more »
franko
Member
franko

” There are only two roads out of Lynn Valley and it takes me over 20 minutes to get the 1.1 km from my home to the highway….”

It’s going to take even longer after they complete the conversion to the bike lane. We’re talking about the insanity of commuting by bike on roads with steep hills in the rainiest place in the lower mainland. Even recreational bikers are pissed off when their SUVs and pickups, all loaded up with mountain bikes, get stuck in traffic on their way the bike trails higher up.

southseacompany
Member
southseacompany
“Housing sector out of sync with Canada’s home ownership dream”, Globe & Mail http://www.theglobeandmail.com/globe-investor/personal-finance/housing-sector-out-of-sync-with-canadas-home-ownership-dream/article28830444/ Choice quotes: “Never mind that house prices in cities where the oil industry is a big deal are flat or falling, and that there are places in the country that haven’t seen anything close to the gains in Vancouver and Toronto. Canada’s new national dream is home ownership. Housing completes us. They thought the same thing in the United States until the housing market cratered in 2008-09.” “Our finances would be better off if we started treating houses as what they are – consumer goods that a growing number of people cannot afford and shouldn’t buy because they’re too pricey. Instead, we regard home ownership as living the dream and treat rising prices as validation of this view.” “With houses, a vastly more expensive purchase, we… Read more »
southseacompany
Member
southseacompany

“How ‘negative interest rates’ marked the end of central bank dominance”, The Telegraph.

http://www.telegraph.co.uk/finance/economics/12165844/How-negative-interest-rates-marked-the-end-of-central-bank-dominance.html

“as fears that the world could be heading for another downturn have risen, so have concerns that negative interest rates will not work. As financial markets were battered by nerves over China’s growth outlook and sinking oil prices, investors were also fretting about the impact of negative rates on the viability of commercial banks.”

southseacompany
Member
southseacompany

“Vancouver’s housing market pushes young workers into long commutes”, Globe & Mail

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=3&ved=0ahUKEwjw9YHm6InLAhVO32MKHRivBmkQqQIIKygAMAI&url=http%3A%2F%2Fwww.theglobeandmail.com%2Flife%2Fhome-and-garden%2Fvancouvers-housing-market-pushes-young-workers-into-long-commutes%2Farticle28814903%2F&usg=AFQjCNEeiI4Ko-eRnWsREud01XiRcB64kg

“As part of the budget announcement this week, the province offered property transfer tax exemptions on new houses up to $750,000. By offering increased tax exemptions, instead of cooling the influx of foreign money, the province is facilitating a dangerous game, he argues. The guy who buys in last is most vulnerable.

“They are encouraging people to get in at the very, very bottom of the pyramid, because they don’t want it to collapse.

“I would not buy into a market that’s driven by outside forces that no one has even quantified.””

patriotz
Member

““They are encouraging people to get in at the very, very bottom of the pyramid, because they don’t want it to collapse. “I would not buy into a market that’s driven by outside forces that no one has even quantified.””

Note the contradiction between the first and second sentences.

southseacompany
Member
southseacompany

“Vancouver’s housing market pushes young workers into long commutes”, Globe & Mail

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=3&ved=0ahUKEwjw9YHm6InLAhVO32MKHRivBmkQqQIIKygAMAI&url=http%3A%2F%2Fwww.theglobeandmail.com%2Flife%2Fhome-and-garden%2Fvancouvers-housing-market-pushes-young-workers-into-long-commutes%2Farticle28814903%2F&usg=AFQjCNEeiI4Ko-eRnWsREud01XiRcB64kg

“As part of the budget announcement this week, the province offered property transfer tax exemptions on new houses up to $750,000. By offering increased tax exemptions, instead of cooling the influx of foreign money, the province is facilitating a dangerous game, he argues. The guy who buys in last is most vulnerable.”

““They are encouraging people to get in at the very, very bottom of the pyramid, because they don’t want it to collapse. “I would not buy into a market that’s driven by outside forces that no one has even quantified.””

Best place on meth
Member
Best place on meth

Nobody can stop him now!

http://imgur.com/OirkZbl

BPOE boyfriend
Member
BPOE boyfriend

Except for you and your banjo playing boyfriend Franko

ceo
Guest
ceo

test

Vanco
Guest
Vanco

People who don’t take the bus pass will get $77 per month, while those who do will get $25 each month. Nevertheless, it’s still an increase compared with before.

franko
Member
franko

Thanks for posting the bus pass thing Tiger.
Pretty disgusting to strip disabled Canadians of assistance while catering to foreign billionaires.
Too bad the petition isn’t a little more conspicuous.

BPOE boyfriend
Member
BPOE boyfriend

Franko if you stop masterbating so much you views of the world outside of your parents basement will become much wider.

Tiger
Guest
Tiger
Tiger
Guest
Tiger

Christ Clark loves Chinese but take away money from most vulnerable .

Disability assistance clawback stuns advocatesProvince granted first increase in seven years, then slashes bus pass subsidy

http://www.vancouversun.com/life/disability+assistance+clawback+stuns+advocates/11731905/story.html

BPOE boyfriend
Member
BPOE boyfriend

Only thing tiger is the balm you use to lube your ass everynight before you hit Celebrity’s

Shut It Down Already
Guest
Shut It Down Already

More nonsense off-topic race-baiting.

Tiger
Guest
Tiger
southseacompany
Member
southseacompany
“The larger fear that lurks beneath debate over negative interest rates” Globe & Mail https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=1&ved=0ahUKEwjmxYSslIfLAhVQ_WMKHcpJA4sQqQIIGygAMAA&url=http%3A%2F%2Fwww.theglobeandmail.com%2Fglobe-investor%2Finside-the-market%2Fa-larger-fear-lurks-beneath-the-debate-over-negative-rates%2Farticle28820424%2F&usg=AFQjCNGLCQA-o22YLh8MGD9ZjCNLCeDxZw&bvm=bv.114733917,d.cGc “The larger fear lurking beneath the negative-interest-rate debate is that negative interest rates – which were widely deemed impossible only three years ago – is a signal that central banks are grasping at straws and have reached the limits of their ability to support developed market economies. This declining credibility implies that asset markets, driven higher by central bank monetary policy explicitly designed to do so, will succumb to gravity and head sharply lower.” “Central banks have successfully boosted asset values but the global economy has remained sluggish and corporate investment muted” “Investors should expect market volatility to continue. Central banks, after bailing out the global financial system, have acted as a financial and psychological backstop for investors, boosting confidence and equity buying. As confidence… Read more »
ChinaOne
Guest
ChinaOne

Small post again. My cousin MSP premium should be based on Asset in BC. He have 2 house bigger than us. million dollar . We have also house. We not want pay MSP in future. my cousin no income in Canada.

BPOE boyfriend
Member
BPOE boyfriend

Why don’t you stop sleeping with BPOM and you will write better than you play banjo trailer boy ?

ChinaOne
Guest
ChinaOne

I keep post short. More my cosin and month come in through Foreign student program. My cousin no more need investor program. Thank you

Ted
Guest
Ted

To curb speculation, in February 2013 the government introduced a double stamp duty for buyers of second homes or through a company. They also imposed an extra 15 per cent buyers’ stamp duty on non-local residents. In 2012, the government introduced a special stamp duty of 10 to 20 per cent to penalise speculators flipping flats within three years.

The Hong Kong Monetary Authority in February last year ordered banks to tighten mortgage lending. The loan-to-value ratio for residential properties under HK$7 million was capped at 60 per cent, down from 60 to 70 per cent.

Best place on meth
Member
Best place on meth

These measures enacted by Hong Kong are racist and amount to a thinly veiled HEAD TAX against the chinese.

Just ask Gordon Clark or Victor Wong, they’ll tell you.

BPOE boyfriend
Member
BPOE boyfriend

BPOM calling someone racist ? The kettle is so far up your ass its turning… black