Friday Free-for-all! March 24th 2016

It’s the end of another glorious work week and that means it’s time for another glorious 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:

Where politicians fear success
Best neighborhoods
Smart or lucky?
Foreign money problem
Squamish?
Cracks in the market?

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

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[…] –Debt crisis? –The highest bidder –Hard times with a bungalow in Kits –Not in a housing bubble yet –The ones who don’t move here –Cash bonuses – […]

bullwhip29
bullwhip29
4 years ago

Bank of Canada warns economy’s recovery from oil shock will take more than two years
http://business.financialpost.com/news/economy/bank-of-canada-warns-economys-recovery-from-oil-shock-will-take-more-than-two-years

>>> translation: no hikes from the BoC for a long, long time, if anything the opposite occurs (if not outright QE) now that the Fed appears to have backed away from further hikes for the foreseeable future.

HAMster
HAMster
4 years ago

Marine Drive crash at 250 km/h.
Yue Hui Wang, the 19 year old teen (a Chinese national) was recently arrested at YVR when returning to Canada for a citizenship ceremony.

Another upstanding immigrant ?

http://www.news1130.com/2016/03/30/man-accused-250kmh-vancouver-crash/

Dr. Strangelove
Dr. Strangelove
4 years ago
Reply to  HAMster

I think they are the cream of the crop in terms of future Canadians. (Immigration Minister John McCallum)

BubbleTea
BubbleTea
4 years ago
Reply to  HAMster

Too bad he did not kill himself and do us a favour.

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  HAMster

news1130, hill billy racist site. No wonder you like it.

marble
marble
4 years ago
Reply to  HAMster

so he pulled a “Houdini” to avoid VPD investigation, but promptly disembark at YVR for his entitlement of a Canadian citizenship.

ATTAboi

wwwww
wwwww
4 years ago

Chinese traffic police fight in middle of the street

https://youtu.be/ys1OjPnBC2I

Best place on meth
Best place on meth
4 years ago
Reply to  wwwww

They were fighting over a bribe.

wwwww
wwwww
4 years ago
Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  wwwww

WWWWW – I am so surprised a hillbilly red neck fuck like you would read bloombergview.com, they must have a section for dummies…

wwwww
wwwww
4 years ago

You say the sweetest things! Have a big hug

(((((Bestplace4nazis)))))

Combat roach
Combat roach
4 years ago
Reply to  wwwww

Sounds like a “tiger” morphed into a dead hippo who is rotting in mud.

bullwhip29
bullwhip29
4 years ago

New SkyTrain station will be privately funded
http://www.news1130.com/2016/03/29/new-skytrain-station-will-be-privately-funded/

“Councilor Geoff Meggs says the station will be a real help for the people who may end up buying condos…”

2nd and goal
2nd and goal
4 years ago

Jennifer Fox: Goodbye Vancouver

Sure, I managed to pay rent on a 380-square-foot apartment and eat takeout sushi once in while, but I definitely haven’t saved for retirement or been able to afford to give birth yet. I’ve spent most of my 30s on the west coast (land of economic opportunities?) while I watched my friends on the east coast (with less education than me) buy four -bedroom houses and multiple cars.

http://blogs.theprovince.com/2016/03/28/jennifer-fox-goodbye-vancouver-you-should-go-and-love-yourself/

space889
space889
4 years ago
Reply to  2nd and goal

Whiner….as been said by bears on this blog repeatedly, having children is NOT a right. And really, if renting a sub-400 studio and eating take out sushi kills your budget then you really aren’t that smart / successful and need to make rethink your career choices or just face up to the fact that maybe, just maybe despite all your “higher” education, you just aren’t as good as your less educated friends.

Tim
Tim
4 years ago
Reply to  space889

Space, this has to be one of your more asshole comments.

This is what real estate madness has done to Vancouver’s soul. It’s grotesque. Think about the kind of person you’ve become.

Combat roach
Combat roach
4 years ago
Reply to  Tim

He is not a person.

patriotz
4 years ago
Reply to  space889

“as been said by bears on this blog repeatedly, having children is NOT a right”

I don’t recall bears on this forum saying that, and as a matter of fact it [b]IS[/b] a right.

Or were you talking about your favourite country rather than Canada?

space889
space889
4 years ago
Reply to  patriotz

plenty of bears have blasted people on welfare or low income with lots of kids, generally along the lines of if you can’t afford kid then you should have any. Same with people who complain about unable to have kids due to high house prices.

In fact, I argue that having children is a fundamental human right and should not be determined by money but many bears disagrees.

space889
space889
4 years ago

“Made Out Of Sand” – A Dramatic Look Inside A Newly Built Chinese Apartment

http://www.zerohedge.com/news/2016-03-29/made-out-sand-dramatic-look-inside-newly-built-chinese-apartment

paulb
paulb
4 years ago

That’s a lot of listings!

New
542
Sold
309

TI:8145

http://www.paulboenisch.com

space889
space889
4 years ago
Reply to  paulb

And 100 of them went to foreign Chinese buyers too right?

HAMster
HAMster
4 years ago

The sycophants are out posting in full force over at greaterfool today.

Combat roach
Combat roach
4 years ago
Reply to  HAMster

Crazy times, perhaps Chinese should get special status, like holly cows or something in BC?

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  Combat roach

Combat roach = trailer trash

Combat roach
Combat roach
4 years ago

Your mum liked my trailer.

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  HAMster

HAMster – that’s because they kick you off site for your pro kkk views, dumb redneck

Best place on meth
Best place on meth
4 years ago

Beijing’s Long Game in the Oil Sands

https://dogwoodinitiative.org/blog/beijing-plays-the-long-game-on-the-oil-sands?mkt_tok=3RkMMJWWfF9wsRoku63NZKXonjHpfsX57OwuUKW%2BlMI%2F0ER3fOvrPUfGjI4DS8dgI%2BSLDwEYGJlv6SgFTbfBMbNo1bgPWRn0TD7slJfbfYRPf6Ba2Jw3rP4%3D

On October 20th, 2015, Prime Minister-elect Justin Trudeau received a congratulatory call from China’s ambassador Luo Zhaohui. The next day, the state-run China Daily newspaper celebrated “improved prospects for a Free Trade Agreement with China” under Canada’s new Liberal government. A week later Premier Li Keqiang himself picked up the phone.

China’s second-in-command formally invited Trudeau to Beijing for a state visit and trade talks. Next, a visiting Chinese trade official spoke of a “rare historical opportunity” to open up greater access to Canada’s energy resources. As Vice-Minister Han Jun explained, that means lifting restrictions on China’s state-owned oil companies and getting a pipeline built to the West Coast.

2nd and goal
2nd and goal
4 years ago

He’s still not ready

Bestplace4nazis
Bestplace4nazis
4 years ago

BPOM – so bitter because he got the shit kicked out of him as a child
once a loser always a loser

Bestplace4nazis
Bestplace4nazis
4 years ago

BPOM – like i said, let go of your little worm and go outside and see the world…you might learn something god forbid….homo milk

Best place on meth
Best place on meth
4 years ago

Eat shit, space.

marble
marble
4 years ago

China’s Vanke tips over Manhattan shenanigans apparently http://www.nydailynews.com/news/politics/de-blasio-lobbyist-helped-turn-nursing-home-condos-article-1.2578230 China’s Vanke has now become embroiled in an investigation of its New York latest deal.. “The city comptroller – New York’s top auditor – has already subpoenaed city hall for details of how a deed on the 118-year-old Rivington House on the Lower East Side was changed last year to allow Vanke and two local partners to purchase the former AIDS clinic for conversion into luxury condos.” – In February 2015, Brooklyn-based Allure Group purchased No. 45 Rivington Street for $28 million from a non-profit community organization. – In less than nine months later, Allure Group sold the property to Vanke and its two partners, Slate Property Group and Adam America Real Estate for a profit $72 million. – After signing the sale contract, Allure Group paid $16 million fee to the… Read more »

bullwhip29
bullwhip29
4 years ago
Reply to  marble

vanke is yet another state owned enterprise with close connections to Anbang. stomach churning stuff imho…

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  marble

Marble – but you, rightous fuck are forgetting other white collar criminals like
https://en.wikipedia.org/wiki/Category:American_white-collar_criminals

marble
marble
4 years ago

Anbang’s chairman insists he has lots of dough
http://english.caixin.com/2016-03-29/100926013.html
Why then China Insurance Regulatory Commission is close to rejecting Insurer’s plans for foreign hotel investments
http://english.caixin.com/2016-03-22/100923282.html

marble
marble
4 years ago

London Watching: Two Chinese Banks ‘Come under Closer Scrutiny in Britain’
http://english.caixin.com/2016-03-29/100926022.html

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  marble

Marble – but you, rightous fuck are forgetting other white collar criminals like
https://en.wikipedia.org/wiki/Category:American_white-collar_criminals

CanNeverThinkOfAGoodName
CanNeverThinkOfAGoodName
4 years ago

Bestplace4nazis

I think you’re missing the point.

bullwhip29
bullwhip29
4 years ago

Seniors ready to retire still facing large personal debts
http://www.vancouversun.com/story_print.html?id=11816061

>>> i touched on this the other day. many seniors not exactly feeling like they hit the jackpot as bills have piled up over years, cash had to be loaned out to offspring and as the alternatives to keeping their current residence not exactly as advertised.

btw after penning the article (err…paid ad) titled, “Will 2016 be the Year of the Condo?” Barbara Yaffe is retiring.

space889
space889
4 years ago
Reply to  bullwhip29

$4M or $5M+ sales price erases a lot of bills and mistakes…

bullwhip29
bullwhip29
4 years ago

only a matter of time before we are faced with the same issues here as the housing market continues to spiral out of control and more and more people cut corners. but, but, but as long as the market keeps going up (and units like this bought site unseen primarily as investment, air bnb rental etc no one will care (or even notice)
https://www.youtube.com/watch?v=KeLyr5hh9Uc

Hyper-mega-Bull
Hyper-mega-Bull
4 years ago
Reply to  bullwhip29

chinese are starting to get into the construction biz. you see them working in richmond.

traditional trades people are definitely working as fast as possible. many won’t even return your call if they don’t recognize your number.

Bestplace4nazis
Bestplace4nazis
4 years ago

Hyper bitter bitch that you are ….

southseacompany
southseacompany
4 years ago

From the US:

“Robert Shiller: We’re not in a housing bubble… yet”, Yahoo Finance w Video

http://finance.yahoo.com/news/shiller–we-re-not-a-housing-bubble–yet-164129807.html

“Home values in 20 U.S. cities are still climbing as a tight supply helps push prices higher.”

““The price climb has been pretty steady since 2012. In a lot of cities, prices are up over 30%.”

patriotz
4 years ago

Case-Shiller 20 is still down about 10% in nominal terms form the peak in 2006. If you assume 2% annual inflation over the decade that’s down about 30% in real terms.

Note that in many cities where prices have gone up a lot from the bottom so have rents, e.g. San Francisco.

http://ca.spindices.com/indices/real-estate/sp-case-shiller-20-city-composite-home-price-index

OPENHOUSEMASSACRE
OPENHOUSEMASSACRE
4 years ago

AT LEAST IN VANCOUVER UR NOT IN A BOX OR IT’S COMING SOON ?

San Francisco transplant sleep in a box of friend’s living room for $400 a month

http://www.nydailynews.com/news/national/san-francisco-man-pays-400-month-live-pod-article-1.2581471

space889
space889
4 years ago

Capsule hotels, been in Japan for decades now. It’s space efficient, and environmentally friendly! I foresee our green loving mayor pushing this as the next step in making Vancouver the #1 Greeniest city in the world! Maybe even a bylaw that no person under age of 50 is allow to have say 400 cubic ft of space, all in the name of being green!

Liar
Liar
4 years ago

Garth, Madani, and a few others turned out be frauds working for the Financial/Banking industry.

To deflect criticism of illegal money inflows coming into Canada. good on you for those who fought hard to expose the nutcase.

Patriotz. Your posts sound similar a lot of times to the fraudsters. What gives?

Fact Check
Fact Check
4 years ago
Reply to  Liar

Uh… it’s not illegal to transfer money into Canada, so there is no reason to resort to fraud. Millions of dollars are transferred in and out of Canada everyday. All you need to do is declare anything over $20k. Done.

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  Fact Check

Fact Check – If you give me your SIN number and we forward it to CRA, do you think they will find any inconsistencies, ? you righteous fuck

space889
space889
4 years ago

Foreign invasion of RE reversing and locals feel sad!

Oh wait, the foreigners here is Canadians, and locals are US sun belt/snow birds territory.

http://www.greaterfool.ca/2016/03/28/the-aliens

Hyper-mega-Bull
Hyper-mega-Bull
4 years ago
Reply to  space889

is garth trying to change his stance on HAM? in his latest post, instead of denying HAM, he accusing canadians of being hypocrites and saying that restrictions on HAM will hurt the market. “See what happens when the foreigners start to retreat? It gets ugly. Remember that.” reminds me of how patriotz slowly changed his position on HAM after steering people wrong for a decade. remember patriotz’s buddy jesse who quit the blog because he thought HAM discussions were racist? are these two wolves in bear clothing? i’ve said the market is going to go up and i’ve said that HAM is the reason. i’ve said that sinofication is real. i’ve brought all this to people’s attention despite benefiting from prices going up. am i a selfless saint? no. i know that vancouverites ultimately don’t want to stop the sinofication… Read more »

Bestplace4nazis
Bestplace4nazis
4 years ago

Hyper – how come I don’t hear your stupid comments on Greater Fools ? because we all know you are an inbred loser on that site..

Best place on meth
Best place on meth
4 years ago
Reply to  space889

Why do you feel the need to impersonate me on Garths site, everyone knows I wouldn’t be caught dead on thatworthless traitors daily propaganda show.

Oh, of course….you locust fuckers only know how to copy and steal.

southseacompany
southseacompany
4 years ago

“Canada due for debt crisis and recession, economist argues”, CBC News http://www.cbc.ca/news/business/canada-debt-crisis-forbes-1.3510581 “An economist writing for Forbes magazine has tapped Canada as one of seven countries in the world that are due for a debt crisis and an ensuing recession in the next one to three years. The trigger will be too much credit, with companies and individuals discouraged from borrowing because their debt is too high and banks then balk at lending, said Steve Keen, head of the school of economics, politics and history at Kingston University London. ” “Government stimulus programs and programs to support first-time home buyers can postpone the pain, he argues, but credit cannot keep growing at such a rapid rate, unless GDP is growing more rapidly.” “”When it arrives, these countries — many of which appeared to avoid the worst of the crisis in… Read more »

bullwhip29
bullwhip29
4 years ago
patriotz
4 years ago

China clamps down on foreign place names to preserve ‘national dignity’

China says it will clamp down on foreign-sounding and “bizarre” names after too many streets and developments called “Manhattan” or “Venice” have popped up amid decades of frenzied building…

Its common in Chinese cities to encounter words like “elite” or “chateau” in the names of shopping malls or housing compounds. In Beijing, there is a “Central Park” condominium compound while another upscale project goes by the impressive title of “Yuppie International Condos.”

Bestplace4nazis
Bestplace4nazis
4 years ago
Reply to  patriotz

Patriotz
go google “bitter righteous fucks” and you will see you photo pops up

patriotz
4 years ago

Pricey meetings with premier helping fuel B.C. Liberal fundraising machine

Bob Rennie, chair of fundraising for the B.C. Liberals, estimated that between now and the election next May, the party might organize 20 or more of the type of small, intimate gatherings at which people can pay big money to get special access to Ms. Clark. Far from having a difficult time raising money for his friend, Mr. Rennie confirmed that he has helped raise nearly $5-million since he took over as her chief party fundraiser four years ago.

Radar
Radar
4 years ago
Reply to  patriotz

A hostage crisis?

space889
space889
4 years ago
Reply to  patriotz

So you want the province to do something about foreign purchase of RE? Raise enough $$$$$$$$$ and give it as campaign donation to Christy & BC Libs so they don’t need any $$ from the RE sector. Problem solved!

Wait, how is that not bribery again??

CanNeverThinkOfAGoodName
CanNeverThinkOfAGoodName
4 years ago
Reply to  patriotz

Wait, what? Rennie is fundraising for the premier? I don’t even… Is this a joke? Did I read that wrong? Where are we again?

CanNeverThinkOfAGoodName
CanNeverThinkOfAGoodName
4 years ago

Oh I get it. The Liberals don’t recognize that there is a housing crisis in Vancouver, apparently. So it would not occur to them that Rennie being a chair of fundraising would be a problem.

Am I missing something?

voterm
voterm
4 years ago

Now it’s beginning to make sense.Follow the money every F’ing time.