Friday Free-for-all! April 29th 2016

You made it to the end of another work week!

And most of you are still living in Vancouver, which means you love it and find it worth the price. Good job!

With the weekend here it’s time for another Friday Free-for-all, our regular end of the week news link round up and open topic discussion thread for the weekend.  Here are a few links to kick off the chat:

CMHC: Many markets overvalued
Fed leaves rate flat
Donors top up Clarks’ salary
US Ownership rate falls to 48 year low
Who’s at the open house?
How is Comox?
How is Kelowna?
Danger in the bond 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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NewLandlord
Guest
NewLandlord

So much easier to be first here than over at Garth’s blog. I’m in the process of becoming a landlord. I already wish I could undo things and go back to having cash in the bank instead of sunk into this house. The monthly costs just keep going up and up.

bestplaceonearth
Guest
bestplaceonearth

and you are complaining or trolling? all you have to do is hire a realtor, put a sign in your front lawn, and your home will be sold in a week. many people will be gladly take the problem off your hands.

ostritch
Member
ostritch

That’s very true except for the fact that he has just decided on real estate as his financial strategy. I suspect if he bought stocks and they went down he’d be in the same mood. Welcome to investing. It’s nerve wracking if you look at it every day/week or month. So don’t.

patriotz
Member
patriotz
Member
Bizon
Guest
Bizon

The other guy must be dumb as shit if he couldn’t pass exam and had the other do it instead.

bullwhip29
Guest
bullwhip29

Vancouver housing a hit on Chinese-language app WeChat
http://www.theprovince.com/business/vancouver+housing+chinese+language+wechat/11884267/story.html

“Here, you can see any listings, get on exclusive listings (that are not on the market), ask questions. It’s a more direct approach,”

http://www.theprovince.com/business/cms/binary/11884268.jpg

bullwhip29
Guest
bullwhip29

Living the dream: Real estate refugees thrive in rural B.C.
http://www.theprovince.com/business/local+business/living+dream+real+estate+refugees+thrive+rural/11883814/story.html

http://www.theprovince.com/business/local+business/cms/binary/11883815.jpg

>>>when in doubt, whip out the bikini clad girls to flog your product. works all the time

Bullishit
Guest
Bullishit

you got my attention and vote !

wwwww
Guest
wwwww

Developers and property owners see an opportunity as white people flee Vancouver.

‘Abbotsforward’ plan to curb urban sprawl and improve walkability

http://www.cbc.ca/news/canada/british-columbia/abbotsforward-plan-to-curb-urban-sprawl-and-improve-walkability-1.3520875

ostritch
Member
ostritch

I think this is really underway now.

bullwhip29
Guest
bullwhip29

and the bizarre (but not surprising) news story of the day…

A Chinese sportswear brand called Uncle Martian just launched, and it appears to be openly ripping off Under Armour
http://static6.businessinsider.com/image/572330ca52bcd01d7b8bf98f-889-667/under%20armour%202.jpg

bullwhip29
Guest
bullwhip29
ostritch
Member
ostritch

I’m gonna have to try that chines In nOut burger rip off. Love that chain but it’s not here.

Combat roach
Guest
Combat roach

What fucks can do if not to steal?

space889
Member
space889

Hmm. ..interesting you are bitching about this story and yet totally silent on Realtors cheating on exam. I guess local born non-Chinese cheating is OK right?

Didn’t a lot of shows like Dragon Den, American Got Talent, etc were all copies by Americans from shows in UK and Canada? But I guess that is OK too since it’s US company not Chinese companies doing the copying?

ostritch
Member
ostritch

Licensed copies no?

Royce McCutcheon
Member
Royce McCutcheon

Yup.

Not exactly a subtle difference, but maybe I’ve set the bar too high?

Best place on meth
Guest
Best place on meth

Legal franchises.

Much different from the outright theft the chinaman do on a daily basis.

space889
Member
space889

Not if Under Armour and it’s logo is not a registered trademark in China.

bullwhip29
Guest
bullwhip29

SCMP: Housing eats up record 34pc of spending by Hongkongers
http://www.scmp.com/news/hong-kong/economy/article/1940105/housing-eats-record-34pc-spending-hongkongers

>>> and in Vancouver it is double this…

patriotz
Member

Come on, how could the average in Vancouver be 68%? Do you or anyone you know spend anything near that? The actual average for Vancouver is about 25%, and I spent a lot less than that.

space889
Member
space889

Most people I know who had to pay things out of their own pockets spends 1 pay cheque on rent or mortgage and property tax & condo fees, etc, and the remaining cheque on rest. So that is 50% after tax.

bullwhip29
Guest
bullwhip29
Vancouver still the greatest place on earth??? -disgruntled transit workers set to strike for the umpteenth time -dysfunctional VSB reject budget cuts -fly by night pot businesses running amok all over Gr Vanc -bottom 99% pushing, shoving and doing whatever it takes to secure whatever table scraps remaining in this RE mkt gone awry with some even resorting to the flipping of funeral plots and parking spaces to get a foot in the door -road closures, upgrades, bike lane installations etc keep city in persistant state of gridlock all in an effort to appease homeowners in carefully selected neighborhoods -$200M and counting and the compass card system still not working properly; program losing even more money as stations have to be manned with attendants and bus riders pay cheaper fares than they used to -today’s youth who arent either smart… Read more »
bullwhip29
Guest
bullwhip29

and here’s one right up space’s alley…

‘A roomie with benefits’: Craigslist ads in Vancouver ask for sex in exchange for accommodation
http://www.24news.ca/the-news/canada-news/220377-a-roomie-with-benefits-craigslist-ads-in-vancouver-ask-for-sex-in-exchange-for-accommodation

space889
Member
space889

All the local white guys who either can’t get any, or just want to sleep around and help spread some STD, and exploit women. Definitely models the new Chinese immigrants should copy. But then you would be complaining about Chinese being sick perverts copying local customs. There is just no pleasing you people. Complain when immigrants don’t follow local customs and then complain when they do.

Combat roach
Guest
Combat roach

When are you going to start shooting white people on the street?

Best place on meth
Guest
Best place on meth

If he does, it’s likely to be white women.

This fucker is a mysogonist first and a racist second, a loner angry at women and hateful of western society.

Shut It Down Already
Guest
Shut It Down Already

“..a loner…”

Says the poster celebrating almost 10 years of spouting garbage here.

space889
Member
space889

I love women, just not fat ugly ones with really bad sun burned skins who looks to be 40 when they are really 30.

space889
Member
space889

I’m not violent like you guys. I know your team leader BPOM has repeatedly he wants to nuke China and kills hundreds of millions of innocent people, and starts a war with China. But interestingly he does not say he would volunteer to join the army at first opportunity.

patriotz
Member
Best place on meth
Guest
Best place on meth

Local customs?

You think that a handful of sleazebags trying to take advantage of women means it’s a local custom? These guys may not even be local, they could be recent immigrants.

No, a local custom is the lying cheating and stealing that goes on all over china, that garbage country that spawned shit like you.

space889
Member
space889

If a few Chinese criminals can come to represent all of China and it’s entire population, I don’t see why a bunch of local sleazy bags can’t represent all of local non-Chinese Vancourites like you. Same standards and stereotyping rules apply.

bullwhip29
Guest
bullwhip29

Irrational exuberance in Gastown
http://renx.ca/irrational-exuberance-gastown/

8888888
Guest
8888888

Lets hope this happens in time for the next election ,goodbye Christy and Crew.

ostritch
Member
ostritch
“An overheated market like Vancouver is being driven by the top 25 per cent of income earners.”. There’s always a fatal logical flaw in all these outsider articles. I’m sure he had a good time in his hotel, visiting Stanley Park and going to dinner at Il Giardino but he never stood at the corner of No 3 Road and Westminster Highway counting the proportion of Asians to whites knowing that it was 8% in the 80s Now the same process is underway in Vancouver only he couldn’t see it on his Lynn Canyon tour. This time it’s faster and with bigger money coming from the world’s no 1 manufacturer of everything. What he doesn’t know is that most of the developable land is being bought up by Chinese firms for prices so high they exclude our local developers. Units… Read more »
space889
Member
space889

So once a white city, always a white city? Is that what you are saying? And if the local white people aren’t having kids then no immigration should be allowed and non-whites shouldn’t be allowed to have kids either, so not to upset the balance???

Bizon
Guest
Bizon

You are total idiot.

bullwhip29
Guest
bullwhip29

and this one is right up gregor’s alley… (no joking)

http://www.businessinsider.com/new-sidewalk-lights-for-texting-addicts-2016-4

Whistler or Bust?
Guest
Whistler or Bust?

Wow and you think we are Bears???

Worth 5 mins!

http://www.bnn.ca/Video/player.aspx?vid=859440scussion

Whistler or Bust?
Guest
Whistler or Bust?
southseacompany
Member
southseacompany
US Blogger on Canada; “Canadian Housing Market Crash? Maybe.” http://livingstingy.blogspot.ca/2016/04/canadian-housing-market-crash-maybe.html “Having lived through not one, but two housing crashes in the United States, I have seen a pattern in both instances, right before housing prices took a nosedive. In both cases, we saw a number of the same things happening. First, the talk. We heard a lot of happy-talk from folks right up until the foreclosures started: 1. People denying there was a bubble. 2. People denying that bubbles even existed. 3. People saying that “Housing will always go up in value.” 4. People saying that, “This time, it’s different” (if they admit to past bubbles). 5. People saying, “Our area is different” (again, if they even admit to bubbles existing). 6. People quoting Mark Twain, who supposedly said, “Buy land – they’re not making any more of it!” 7.… Read more »
southseacompany
Member
southseacompany

“China’s housing bubble is starting to look a lot like the US before the crash”, Business Insider

http://www.businessinsider.com/china-housing-market-us-subprime-mortgage-crisis-2016-4

“China’s property market is staging a major turnaround as property prices in tier 1 cities have heated up quickly over the past few months.”

BubbleTea
Guest
BubbleTea

China’s inventory of unsold new homes rises 11.2pc in 2015.
Unsold inventory was up 11.2 per cent for the year to 452.5 million square metres, increasing 11.6 million square meters in December, according to National Bureau of Statistics data
http://www.scmp.com/property/article/1903244/chinas-inventory-unsold-new-homes-rises-112pc-2015
When this baby blows. Look out world, especially you, Vancouver.

space889
Member
space889

Yes but when? People has been saying China should implode for ages, just like the Vancouver RE bubble. When is it going to happen? Cuz if it happens after another 5 years and 100% price run up, that is no use even if there is a 50% price drop.

wwwww
Guest
wwwww
Best place on meth
Guest
Best place on meth
Combat roach
Guest
Combat roach

Easy, belching and burping, Just to switch to other dialects.

space889
Member
space889

Cuz when nature starts calling, especially due to something you ate, it is obviously no problem for you to control it, right? Those upset stomach pills must only be invented for Chinese only

wwwww
Guest
wwwww

This is why Apple’s stock is tanking. In China, the government owns huge stakes in all companies. So, in this case, the Chinese government is competing against Apple. How is Apple going to sell in it’s second biggest market if the government is against them and there is no rule of law.

First he slams Apple, now Chinese tech rival moves onto its turf

http://www.cnbc.com/2016/04/29/first-he-slams-apple-now-chinese-tech-rival-moves-onto-its-turf.html

space889
Member
space889

Obviously no one is allowed to compete with the great Apple and no one would ever want to buy a bon-Apple smart phone or watch or tablet, ever!!
Just like how no one should ever used any browser beside Netscape, or messenger system beside ICQ, or social network beside MySpace, or use anything beside Windows for their PC.

dead in the hit
Guest
dead in the hit
dead in the hit
Guest
dead in the hit

you already know the reason we won’t tax foreigners.

ILoveCharts
Guest
ILoveCharts

What’s the deal with this? Family to family sale?

R2062992

Original Price $1,225,000
Sale Price $1,225,000

Listed Apr 27/16
Entered Apr 28/16
Status Chgd Apr 29/16
Sale Date Apr 27/16
Days on Mrkt 0

wwwww
Guest
wwwww

Tax evasion.

The remainder of the sales price was likely handed over as cash.

Shut It Down Already
Guest
Shut It Down Already

Because as a buyer you’d give a bunch of cash to help a stranger evade taxes?

ILoveCharts
Guest
ILoveCharts

Buyer pays the PTT.

patriotz
Member

From BC Assessment:

1153 REDWOOD ST NORTH VANCOUVER V7P 2V3
Total Value $895,200
Assessed as of July 1st, 2015

paulb
Member
Active Member

New
158
Sold
260
TI:8260

Thinking of buying or selling? Or just want to find out what your neighbours house sold for? 😉 Contact me anytime http://www.paulboenisch.com

8888888
Guest
8888888

Hopefully we can get the new listings down to zero and shut this thing down soon .

Shut It Down Already
Guest
Shut It Down Already

7K party on Monday!

Queue2
Guest
Queue2

Oil bubbles, RE bubbles here a bubble, there a bubble

Dallas Fed cautions on fresh oil bubble as glut keeps building

The US Federal Reserve has warned that the world is awash with excess oil and starting to run out of places to store the glut, with no sustained recovery in sight for the oil industry until 2017 at the earliest.

http://www.telegraph.co.uk/business/2016/04/29/dallas-fed-cautions-on-fresh-oil-bubble-as-glut-keeps-building/

southseacompany
Member
southseacompany

“Fed’s Kaplan says he will advocate for raising interest rates gradually”, CNBC

http://www.cnbc.com/2016/04/29/feds-kaplan-says-he-will-advocate-for-raising-interest-rates-gradually.html

“Dallas Federal Reserve President, Robert Kaplan, on Friday pledged to push for gradual increases in the U.S. benchmark interest rate, as long as inflation continues to rise and the U.S. economy remains near full employment.”

Bestplaceonearth
Guest
Bestplaceonearth

Very high quality RE posts from this blog, “flatulating” included in the discussion. Classic Vintage bears at best!

wwwww
Guest
wwwww
Best place on meth
Guest
Best place on meth

Goodbye tigers and rhinos, it was nice knowing you.

ostritch
Member
ostritch

Really? Why did this get voted down? It’s a fair comment. No?

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