Open Topic

Friday Free-for-all – February 5th 2016

88
88 Comments

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:

–Economic ghost town
–Last chance to buy
–First chance to Rolex
–The inevitable drop?
–The infinite job machine
–

So what are you seeing out there? Been to any open houses lately? Thinking about buying or moving away? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Sort by:   newest | oldest | most voted
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

B.C. budget to address Vancouver’s hot real estate market

Mr. de Jong has already said he is looking at overhauling the property-transfer tax. The province is likely to raise the threshold for tax exemptions – and pay for the change by adding a new, higher tax rate for the most expensive houses.

This is a measure to support higher prices. Those buying luxury (i.e. multimillion $) properties are insensitive to higher PTT, while reducing PTT for houses in the million dollar range makes it possible for the locals who support this market to pay more.

It’s clear that the government’s goals are to maintain prices and maintain profits for the RE industry.

You Must Be Logged In To Vote24-4You Must Be Logged In To Vote
2 years 11 months ago
Polozi Scheme
Guest
Polozi Scheme
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

https://bchn.com/city-officials-worried-global-attention-spawning-a-movement-against-inequality-and-money-laundering/

You Must Be Logged In To Vote20You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“Who’s to blame for Portland’s soaring home prices?”, CNN

http://money.cnn.com/2016/02/05/pf/oregon-unaffordable-california/

“Portland home prices jumped 11.1% between November 2014 and 2015 — the biggest increase in the country.”

You Must Be Logged In To Vote70You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“The median home price in Portland is now $345,500.”

Still the cheapest big city on the West Coast by a long shot. Cheaper than Victoria, which is nowhere near as big, too.

You Must Be Logged In To Vote10-17You Must Be Logged In To Vote
2 years 11 months ago
Bird
Guest
Bird
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

345 USD is approx $480k CAD.

You Must Be Logged In To Vote180You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“Fed’s Mester: ‘Gradual’ rate hikes to continue”, CNBC

http://www.cnbc.com/2016/02/04/feds-mester-gradual-rate-hikes-to-continue.html

“Volatility in financial markets as well as deflationary pressures from the plunge in energy prices shouldn’t keep the U.S. central bank from raising rates, Cleveland Fed President Loretta Mester said Thursday.”

“she said market participants still should expect the Fed to continue on a tightening path, albeit a slow one.”

You Must Be Logged In To Vote50You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“Fed’s George sees more rate hikes coming despite market swings”, Reuters

http://www.reuters.com/article/us-usa-fed-george-idUSKCN0VB24F

“George added that she thought the Fed got a “late start” when it raised rates by a quarter percentage point in December after leaving them near zero for seven years. She did not say how many increases she thinks are warranted this year but said she backed a “gradual” path of hikes.”

You Must Be Logged In To Vote60You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Happy Chinese new year long weekend everyone!

You Must Be Logged In To Vote32-8You Must Be Logged In To Vote
2 years 11 months ago
Best place on meth
Member
Best place on meth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

It’s the year of the monkey, you know what that means?

Shit’s gonna fly.

You Must Be Logged In To Vote16-34You Must Be Logged In To Vote
2 years 11 months ago
bestplaceonearth
Guest
bestplaceonearth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

to whose faces? you are smart, you can figure that out!

You Must Be Logged In To Vote32-11You Must Be Logged In To Vote
2 years 11 months ago
Best place on meth
Member
Best place on meth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Krusty’s face would be my ideal target.

You Must Be Logged In To Vote18-35You Must Be Logged In To Vote
2 years 11 months ago
Osnabrück
Guest
Osnabrück
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

You are lucky bastard being let to enter and settle in Canada and now flexing muscles online, stinky piece of shit.

You Must Be Logged In To Vote11-38You Must Be Logged In To Vote
2 years 11 months ago
Osnabrück
Guest
Osnabrück
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

This was for bestplaceonearth or whetewer POS is called.

You Must Be Logged In To Vote4-34You Must Be Logged In To Vote
2 years 11 months ago
bestplaceonearth
Guest
bestplaceonearth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

another angry one just joined in. aren’t we all “lucky bastard” in this best place on earth since the slice of bread, but nothing will ever satisfy some of us, and whining we keep doing!

“stinky POS” – i thought POS is all stinky. dont believe me, try to smell some.

You Must Be Logged In To Vote31-12You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“London’s Suburban Real Estate Prices Are Skyrocketing”, The Atlantic

http://www.citylab.com/housing/2016/02/map-london-suburb-real-estate/459717/

“But in Central London, home values might have hit their peak.”

You Must Be Logged In To Vote50You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“Australia city home prices rebound in Jan, Melbourne hot”, Reuters

http://www.reuters.com/article/australia-economy-houseprices-idUSL3N15F0FW

“Australian home prices rebounded in January with Melbourne boasting especially strong growth, a counter to speculation the market was at risk of crashing after a rapid run up last year.”

You Must Be Logged In To Vote30You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Citi: World economy trapped in ‘death spiral’

http://www.cnbc.com/2016/02/05/citi-world-economy-trapped-in-death-spiral.html

what do you guys think policy maker’s response will be?

things in china look really bad. what did they do the last time their economy was at risk? you have to think at least one move ahead bears.

bears play checkers bulls play chess.

You Must Be Logged In To Vote30-6You Must Be Logged In To Vote
2 years 11 months ago
Confucius
Guest
Confucius
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

So you’re thinking one move ahead? The world economy continues to deteriorate despite historical low interest rates, negative rates and QE. Assets are being proped up with barely any wage gains. Think a couple more moves ahead checker boy. Better sell, easy come easy go.

You Must Be Logged In To Vote10-6You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

yes, you’ve described the status quo. but don’t just stop there!

now, in order to think ahead you need to ask yourself how will people and governments respond to the status quo. then you position yourself to take advantage of their moves.

You Must Be Logged In To Vote25-5You Must Be Logged In To Vote
2 years 11 months ago
Confucius
Guest
Confucius
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

They’re desperately fighting the forces of deflation. Rather than creating sustainable growth, they are creating monster asset bubbles. Many of those bubbles are already popping such as the stock markets. Just wait and see what happens to all these large mortgage holders when unemployment goes up . Do you think the banks have your back? They’re just boosting their profits and riding into the sunset with their riches, they could care less what happens to you. When in history has the herd rode into the sunset with their gains? It never happens, you are sheep, checkmate.

You Must Be Logged In To Vote9-6You Must Be Logged In To Vote
2 years 11 months ago
southseacompany
Member
southseacompany
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Reminds me of this article from a couple of years ago;

“Welcome to the Everything Boom, or Maybe the Everything Bubble”
http://www.nytimes.com/2014/07/08/upshot/welcome-to-the-everything-boom-or-maybe-the-everything-bubble.html

“Around the world, nearly every asset class is expensive by historical standards. The phenomenon is rooted in two interrelated forces. Worldwide, more money is piling into savings than businesses believe they can use to make productive investments. At the same time, the world’s major central banks have been on a six-year campaign of holding down interest rates and creating more money from thin air to try to stimulate stronger growth in the wake of the financial crisis.”

You Must Be Logged In To Vote6-1You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.
canada avoided unemployment in the great depression? how did it do that? if it worked before, do you think the government will try the same thing again? the lesson learned from the great depression is don’t wait; stimulate and print at the first sign of trouble. moral hazard be dammed. that’s why the US did better than europe. it was like a controlled experiment. one test subject stimulated and printed (a little late though) and the other instituted austerity. everyone learned the lesson. does this mean that this is the ideal or moral or correct? no and it doesn’t matter. we aren’t making decisions, no one cares what we think. so you bet on what’s going to happen, you make your money and you ride off into the sunset with your riches. negative rates were only talked about, now for… Read more »
You Must Be Logged In To Vote24-8You Must Be Logged In To Vote
2 years 11 months ago
Confucius
Guest
Confucius
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

US did better, but still in a death spiral, like in your link? I think you mean GFC, not great depression. There’s enough information out there showing that Canadians are living on the edge and aren’t prepared for an economic shock. Maybe not today, maybe not tomorrow, but when it comes these huge gains will be vaporized. I’m just trying to help you out by crystallizing your gains. The boomers that sold are smart and will have a good retirement the ones that don’t will see their gains vaporized.

You Must Be Logged In To Vote2-7You Must Be Logged In To Vote
2 years 11 months ago
Shut It Down Already
Guest
Shut It Down Already
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

US is in a death spiral? LOL.

You Must Be Logged In To Vote25-2You Must Be Logged In To Vote
2 years 11 months ago
Best place on meth
Member
Best place on meth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Bulls play with themselves.

You Must Be Logged In To Vote5-24You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

DON’T SHAME ME!

You Must Be Logged In To Vote24-6You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

http://i.ebayimg.com/00/s/NDgwWDY0MA==/z/lSsAAOSwDk5Txp1M/$_1.JPG

You Must Be Logged In To Vote27-8You Must Be Logged In To Vote
2 years 11 months ago
WTF
Guest
WTF
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Not sure how typical for Vancouver but there are at least 8-10 younger (<30 years) employees at my work looking or have recent bought condos in the $500 to $750 range. Quite a few have been in multiple offer situations.

You Must Be Logged In To Vote7-2You Must Be Logged In To Vote
2 years 11 months ago
Shut It Down Already
Guest
Shut It Down Already
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

The Chinese made them do it?

You Must Be Logged In To Vote28-6You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

millennials have completely bought into the high-density, live downtown or in a town center life style.

they tell them selves that they are making life-style choices. really, they are just poor and priced out.

at least it makes tinder hook-ups easier.

You Must Be Logged In To Vote28-3You Must Be Logged In To Vote
2 years 11 months ago
Confucius
Guest
Confucius
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Wow, hope you don’t sell, you sound like such a douche.

You Must Be Logged In To Vote2-9You Must Be Logged In To Vote
2 years 11 months ago
space889
Member
space889
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Portland’s population density: 4,375.1/sq mi (1,689.2/km2)
Vancouver’s population density: 13,590/sq mi (5,249/km2 )

City & Metro Area:
Portland:
• City – 145 sq mi (376 km2)
• Land – 133 sq mi (346 km2)
• Water – 12 sq mi (30 km2)

Vancouver:
• City – 44.39 sq mi (114.97 km2)

Source: Wikipedia

So Vancouver’s population density is 3x+ as much as Portland, and less than 1/3 the size, and you believe Vancouver should have the same price as Portland? Especially on SFH which uses the most amount of land per dwelling???

You Must Be Logged In To Vote25-14You Must Be Logged In To Vote
2 years 11 months ago
david
Guest
david
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

No money laundering. Local government there frowns on it.

You Must Be Logged In To Vote8-20You Must Be Logged In To Vote
2 years 11 months ago
Bird
Guest
Bird
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

What strange version of wikipedia are you viewing that compares Portland Metro to the City of Vancouver? Why not compare the two metro areas?

Vancouver Regional District has a population density of 2,218/sq mi according to wikipedia
https://en.wikipedia.org/wiki/Metro_Vancouver

Portland Metro has a population density of 4,375.1/sq mi:
https://en.wikipedia.org/wiki/Portland,_Oregon#Geography

So the actual facts are kinda the opposite of what you were trying to say?

You Must Be Logged In To Vote15-13You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Chinese New Year Celebrated in Three Charts

Yes, it’s the Lunar New Year, and cities from Shanghai to Singapore to Vancouver are preparing to usher in the Year of the Monkey.

http://www.bloomberg.com/news/articles/2016-02-04/chinese-new-year-in-charts-pollution-spikes-bak-kwa-prices-jump-and-tourists-disappear

bloomberg agress with me, vancouver is in the sinosphere.

You Must Be Logged In To Vote24-4You Must Be Logged In To Vote
2 years 11 months ago
Chabar
Member
Chabar
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Yes it is and that’s why Krusty will get reelected and stay in power until retirement. After that probably spaceshit or Victor Wong will become premier.

You Must Be Logged In To Vote6-3You Must Be Logged In To Vote
2 years 11 months ago
Vanco
Guest
Vanco
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

If you look at the recent sales, properties are going for 15-20% over asking! And this is after the run up last year. This won’t make the Bears happy.

You Must Be Logged In To Vote28-7You Must Be Logged In To Vote
2 years 11 months ago
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

bears don’t like numbers. they like to trust their gut lol!

You Must Be Logged In To Vote25-7You Must Be Logged In To Vote
2 years 11 months ago
Reasonfirst
Guest
Reasonfirst
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

My 94 year dad is selling in Richmond after 60 years somewhere in the 1.2 to 1.3 range for a teardown. – I am a happy bear.

You Must Be Logged In To Vote5-20You Must Be Logged In To Vote
2 years 11 months ago
Brian Ripley
Guest
Brian Ripley
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Average SFD prices in Vancouver have been rising at 1.2% per month since the last major low in January 2013.

My “Double Double” chart http://www.chpc.biz/vancouver-housing.html#Double

…has average SFD prices in Vancouver hitting another double in April 2016 since the last one at April 2008.

This is a huge bet on housing price inflation that is counter to actual deflation going on in the commodity sector.

One side of this equation needs correcting…. or both.

You Must Be Logged In To Vote10-3You Must Be Logged In To Vote
2 years 11 months ago
UBC in Crisis Mode
Guest
UBC in Crisis Mode
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Time to buy condos if you can borrow from the bank at still pretty low interest rate.
No one can afford houses in Vancouver (even doctors/lawyers), condo price will go up.

You Must Be Logged In To Vote2-26You Must Be Logged In To Vote
2 years 11 months ago
tedeastside
Member
tedeastside
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

dont know about the west side but most east side houses going well below asking

You Must Be Logged In To Vote5-30You Must Be Logged In To Vote
2 years 11 months ago
joe
Guest
joe
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

China’s crackdown on dissent goes global.
http://www.cnn.com/2016/02/04/asia/china-dissident-crackdown-goes-global/
Doesn’t look good for Michael Ching Mo Yeung.

You Must Be Logged In To Vote8-3You Must Be Logged In To Vote
2 years 11 months ago
Chabar
Member
Chabar
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

He is Prominent Vancouver developer, if needed either Bob Rennie or Kristy will hide him in their closets or bathrooms.

You Must Be Logged In To Vote10-4You Must Be Logged In To Vote
2 years 11 months ago
Best place on meth
Member
Best place on meth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Just like Anne Frank. Except it’s a despised, money laundering chinese scumbag, but other than that, just like Anne Frank.

You Must Be Logged In To Vote3-23You Must Be Logged In To Vote
2 years 11 months ago
Oracle
Guest
Oracle
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Vancouver is seeing the greatest Boom in is real estate history right now. Almost every house going for over asking.

The flood of international students who get PR via the Canadian Experinec class are to blame. No need for immigrant investor visa anymore. Send son or daughter.,,,pay 2 years tuition to private school…apply experience class…sponsor family and grandparents…launder money by buying house…leave empty until family comes.

The marriage changes are gonna cause a huge spike in prices. Watch and see. And Christy wants more immigration.

Unless you guys become proactive about the situation, your kids are gonna become the slave class of Vancouver.

You Must Be Logged In To Vote29-15You Must Be Logged In To Vote
2 years 11 months ago
Yunak
Member
Yunak
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

I don’t think so, if you scenario pans out there will be a civil car in the mean time to take care of situation.

You Must Be Logged In To Vote4-25You Must Be Logged In To Vote
2 years 11 months ago
Yunak
Member
Yunak
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

lol, meant to say civil war

You Must Be Logged In To Vote3-25You Must Be Logged In To Vote
2 years 11 months ago
Best place on meth
Member
Best place on meth
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

No need for violence, we can just refurbish some old internment camps.

This time they’ll actually be justified.

You Must Be Logged In To Vote0-24You Must Be Logged In To Vote
2 years 11 months ago
paulb
Member
paulb
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

New
245
Sold
116
TI:7663

For weekly sales and/or new listings info on a specific neighbourhood/city of your interest, email me and I will customize a weekly update for you. The daily sales numbers only mean so much. Each neighbourhod and market segment can be quite different.

Cheers!

http://www.paulboenisch.com

You Must Be Logged In To Vote26-1You Must Be Logged In To Vote
2 years 11 months ago
Freddy
Guest
Freddy
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Local entrepreneur Saied Fard writes about the destruction of Vancouver. A beautifully written piece which we should send to all our friends, contacts and politicians!

http://saeidfard.com/post/113616107456/the-decline-of-vancouver

You Must Be Logged In To Vote10-4You Must Be Logged In To Vote
2 years 11 months ago
Freddy
Guest
Freddy
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

An excerpt from the piece

And then you have real estate agents and lawyers with no understanding of economics claiming that the influx of foreigners and property price boom is good for an economy. Real estate, unlike other forms of capital investment, is not productive – in that other than actually building a structure, it does not produce ongoing economic good the way a factory does. And yet journalists continue to reference the uninformed opinions of these “experts” and contribute to a nice echo chamber of convenient but completely baseless conjecture.

You Must Be Logged In To Vote15-8You Must Be Logged In To Vote
2 years 11 months ago
Many Franks
Member
Active Member
Many Franks
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Another day, another big expose in the media.

The real estate technique fuelling Vancouver’s housing market

There’s too much good stuff there to pull just a single quote. Go read it.

You Must Be Logged In To Vote24-17You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

“It’s obscene,” Ms. Rappaport said. “I had no idea our house was going to be resold. We were shocked when it was flipped.”

Shocked, shocked that someone else would want to make money on the house besides them. If you don’t want someone flipping the house, don’t sell it. Once you’ve accepted an offer it’s not yours any more.

You Must Be Logged In To Vote11-5You Must Be Logged In To Vote
2 years 11 months ago
Liarsstrike
Member
Liarsstrike
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

I am shocked that insiders can flip assignment contracts on the underlying property transfer-tax free. System appears broken.

You Must Be Logged In To Vote13-17You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

PTT is set up to tax changes of title.

However the entire gain of the assignment is taxable as business income. That’s also the case for assignments of pre-sales.

You Must Be Logged In To Vote2-2You Must Be Logged In To Vote
2 years 11 months ago
Liarsstrike
Member
Liarsstrike
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

So its okay if a business property owner has to pay PTT and income tax, but a real estate insider avoids the PTT?

You Must Be Logged In To Vote4-19You Must Be Logged In To Vote
2 years 11 months ago
Charlie
Guest
Charlie
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

As usual patriots you focus on the least important part of the article. Trivial nitpicking and point scoring. Why?

Lets deal with the real issue, we are being screwed by political denial and deception. ‘Experts’ like on this very site. and politicians have made it their duty to largely blame us for this mess. Middle class on cheap credit.

Pretty much what you’ve been saying for the last 6 years..

You Must Be Logged In To Vote7-7You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

The real issue is that local homeowners want to get something for nothing, so the politicians have set up a system that abets this.

Complaining about RE agents and foreigners who exploit that is the real nitpicking.

You Must Be Logged In To Vote9-7You Must Be Logged In To Vote
2 years 11 months ago
Charlie
Guest
Charlie
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Everybody knows that local homeowners aka boomers are in on the denial. We know who’s doing the selling. Tell us something we don’t know, or continue to obscure or nitpick.

The real issue is that boomers, politicians and ‘expert analysts’ like you have stubbornly/inexplicably continued to propagate the myth that its been largely the middle class double-incomed doing most of the west of Main SFH buying because of easy money cheap credit. And consequently it’s pretty much our fault that prices are where they are now. Impossible! That’s a HUGE chunk of Vancouver btw before you try to play it down.

And before you throw another confusion post, yes we know we buy condos and east side houses…

You Must Be Logged In To Vote8-2You Must Be Logged In To Vote
2 years 11 months ago
Zero Down Forty
Guest
Zero Down Forty
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Actually, there were 2,000 detached sales on the West Side last year.

http://www.vancouver-westside-real-estate.com/vancouver-westside.asp

That’s out of a total of 42,326 in the REBGV area (not including Surrey, Langley).

http://www.rebgv.org/monthly-reports?month=December&year=2015

That’s only 5% of all sales. Not a huge chunk.

You Must Be Logged In To Vote3-5You Must Be Logged In To Vote
2 years 11 months ago
UnagiDon
Guest
UnagiDon
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

I would vote for this as my favorite quote:
“I am disappointed in the Canadian government. They don’t have the sense to look at what’s happening out there. Poor Canadians – they just don’t understand.”

You Must Be Logged In To Vote12-8You Must Be Logged In To Vote
2 years 11 months ago
diadora
Guest
diadora
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

A deadly 6.4 earthquake hit Taiwan today with much destructions leads me to think about the looming 9 to 10 thats going to level Vancouver soon. Maybe its time to get the hell out of dodge.

You Must Be Logged In To Vote3-4You Must Be Logged In To Vote
2 years 11 months ago
crabman
Guest
crabman
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Eagerly awaiting to see how Moonbeam and Krusty dismiss the latest G&M expose. Probably will involve the terms “racism”, “free-market” and “equity”.

You Must Be Logged In To Vote15-7You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

http://news.nationalpost.com/full-comment/vancouver-mayor-wants-a-flipper-tax-and-thursdays-other-reasons-to-fear-for-humanity

“Vancouver’s mayor wants the province to take drastic steps to curb the speculative mania that is making Vancouver’s housing even less affordable than ever. In a letter to Premier Christy Clark, Gregor Robinson asks for a provincial “luxury housing” tax, a levy on property flippers, and the power to reduce the number of unoccupied homes by tracking down owners and limiting “excessive vacancies.” ”

This is from June 2015.

You Must Be Logged In To Vote11-4You Must Be Logged In To Vote
2 years 11 months ago
Doomcouver
Guest
Doomcouver
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

If I remember correctly Christy Clarke rejected this proposal because it would damage people’s home equity. Apparently she fails to grasp the concept of a real estate bubble entirely…

You Must Be Logged In To Vote14-6You Must Be Logged In To Vote
2 years 11 months ago
patriotz
Member
patriotz
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Oh she grasps it. That’s the point of the opening post of this thread.

The fact that this government has been taking one measure after another to prop up prices speaks for itself.

You Must Be Logged In To Vote6-1You Must Be Logged In To Vote
2 years 11 months ago
wwww
Guest
wwww
Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

Crystal Mall Parking…….

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

You Must Be Logged In To Vote2-4You Must Be Logged In To Vote
2 years 11 months ago