Friday Free-for-all! May 13th, 2016

Lucky you!

It’s Friday the 13th and that means it’s time for another Friday free-for-all, or regular end of the week news round up and open topic discussion thread.

Here are a few recent links to kick off the chat

Normal interest rates are history
Canadian rates to rise?
Why does this government hate free money?
Negative discretionary income
Vancouver, stay or go?
Freak show housing market
One heck of a student loan
Loonie sinks

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

Sort by:   newest | oldest | most voted
patriotz
Member
patriotz
Member
david
Guest
david

Calgary…..energy;
Toronto…..banking;
Vancouver…..hey, there’s no evidence of that.

squeak
Member
squeak

I would love to see this on a T shirt, proceeds to go to some investigative journalism site, as the media is not capable of doing the basic 5w’s.

I would hesitate to put it on a car bumper, a RE related person may rear end me “accidentally” with their hummer, or a ” student” with their lambo.

Combat roach
Guest
Combat roach

Thanks for the idea. Being a bit nervous lately and tending toward the road rage moods while driving along notoriously bad drivers of the certain background, I wouldn’t mind getting “accidentally” rear ended by a student in lambo or “upscale” realthurd so we can get engaged in a “friendly” exchange about relativity, for example.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

Hamilton….steel
Surrey……steal

bullwhip29
Guest
bullwhip29

Dominion Lending Centres to sell majority stake
http://www.mortgagebrokernews.ca/news/dlc-to-sell-majority-stake-207362.aspx

>>>what is notable is that FCF is a TSX-V listed penny stock with a market cap of less than $40M

bullwhip29
Guest
bullwhip29
Best place on meth
Guest
Best place on meth

“Hong Kong’s retail sales fell for a thirteenth straight month in March, the longest stretch since 1999, as mainland Chinese tourists continued to stay away. Chinese visitors are projected to fall 3.2 percent for the year, according to the Hong Kong Tourism Board, with average spending dropping 4 percent.”

The anti-locust campaign is working!

Thank you Hong Kong for showing us the way!

space889
Member
space889

And if this succeed here and you end up on the streets…BONUS!!! Go go go!

Combat roach
Guest
Combat roach

I’ll end up on the street with pleasure. Going again to city strolls without fear bing pushed by loud and rude tuhaos and another kind of Nuovo Richie Peasantry or being accidently spat on or step in kids poo while walking on the street.

space889
Member
space889

Without peasants, you wouldn’t have any food to eat cuz last time I checked, we don’t have robot farmers yet.

Funkeymonkey
Member
Funkeymonkey

Space I guess you have never met any farmers before.
My cousin owns bought two combines a couple years ago 250k each.
Now the people who drive his combines they may be peasants.

space889
Member
space889

Didn’t you just proof my point? Without the so called peasants, there would be no food. The combines doesn’t drive themselves yet.

Best place on meth
Guest
Best place on meth

Why would I end up on the streets?

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

It’s the best place to kick tolls in the nuts.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

What’s that smell? Did someone fart?

southseacompany
Member
southseacompany

“Canada’s House Price Growth Accelerates, Prompts ‘Affordability Disaster’ Warning”, Huffington Post

http://www.huffingtonpost.ca/2016/05/12/affordability-disaster-canada-housing_n_9934980.html

“In Vancouver and Toronto, the acceleration in annual house price inflation to 19.8 per cent and 10.5 per cent represent housing affordability disasters from the perspective of potential home buyers,” David Madani wrote.”

“Speculative investor demand, only partly from foreign cash buyers, continues to drive house prices into the stratosphere.”

““It’s possible these bubbles will defy gravity until long-term interest rates begin to rebound, but there is a growing possibility they will simply collapse under their own weight.””

patriotz
Member

“housing affordability disasters from the perspective of potential home buyers”

Which is the real disaster – not being able to buy, or buying and then seeing prices fall or interest rates rise?

space889
Member
space889

I think for most bears it would be not able to buy since clearly they all want a house, and investment genius who can handle market up and downs, so housing prices drop would be no problem for them.

hey, didn’t you buy?? How’s the price working out? Went up?

bestplaceonearth
Guest
bestplaceonearth

bears want houses with white picket fence and big back yard. it ain’t happen. there still two bed room condos in new west or coquitlam to be had for $300ish, and they are running short if you dont act fast.
i live in a trailer, and i want a deck top garden on it…i know, it ain’t happen.

space889
Member
space889

I find it amazing that given Vancouver & Greater Vancouver and area is set, population is growing, and dwindling SFH, bears still believe that a SFH is a right for the average income family to buy at 4x family income tops. I guess basic math and logic escapes them. No wonder Engineering, CS, and now Commerce departments are overrun with locusts & brown people now, much to their chagrin.

Newcomer
Member
Newcomer

This is correct:
“House prices are completely detached from household income fundamentals. Speculative investor demand, only partly from foreign cash buyers, continues to drive house prices into the stratosphere.”

This looks like an editing error:
“Recent data has suggested that affordability is eroding in Canada, despite rock-bottom interest rates that have kept mortgage payments relatively small, given the level of house prices.”
“Despite” should read, “because of.”

space889
Member
space889

What’s the population of people in Greater Van back in say 1990s, and now? What’s the supply of SFH back in 1990 vs now? What’s the mortgage rate in 1990 vs now? Is it any wonder that SFH housing has gone through the roof?

As for condos / TH prices..well, my only question is why are new development along most of Cambie Street only 8 to 10 stories high, or TH developments only? All the NIMBisym is keeping out the kind of high density development that city needs to lower housing prices.

Newcomer
Member
Newcomer
What’s the population of people in Greater Van back in say 1990s, and now? 1.6 M and 2.5 M, which is 1.7% per year. Less than double , as compared to a six fold increase in SFH prices. What’s the supply of SFH back in 1990 vs now? A bit less than double. Keep in mind, you ask about Greater Van, and there is lots and lots of new houses and empty land outside the CoV. CoV has seen little new SFH construction, but unlike GVRA there has only been a 40% increase in population in the CoV over the same period. Is it any wonder that SFH housing has gone through the roof? Yes, of course it’s a wonder. That is why people keep writing articles with headlines like, “It’s a Wonder How Vancouver Housing has Gone Through the… Read more »
space889
Member
space889

Uhm…1.7% / yr population growth doesn’t mean house prices can’t go up, especially when the supply of SFH is increasing at an even slower rate, actually decreasing in CoV itself.

Also, I asked about CoV and greater Van both. There is a reason why Van West SFH increase at a much faster rate than a SFH in Burnaby or Coquitlam.

When an essential supply is static while demand is increasing, prices are going to go up exponentially even if the demand is only increasing at 1.7% / yr.

Just like popular concert tickets where the number of seats are fixed but more people wants to get in. Just because the demand is only exceeding supply by say 5% doesn’t mean the average ticket price is only going to be 5%.

Newcomer
Member
Newcomer

So why aren’t house prices up 600% in Seattle, where they had the same population growth?

space889
Member
space889

I don’t know, maybe because US had this thing called urban sprawl that the Greeniest bestest place on Earth deplores?

Best place on meth
Guest
Best place on meth

Concert tickets are a good analogy, and in this case the locusts are the scalpers.

space889
Member
space889

Scalpers buy tickets at inflated prices??? Geez..you bears are dumb.

patriotz
Member

“What’s the supply of SFH back in 1990 vs now? A bit less than double. ”

No. Supply is the number of items for sale at a given price. You are confusing supply with stock.

This is not a nitpick. It’s the reason why prices can rise despite the stock of housing increasing faster than households, as it usually does during bubbles.

Newcomer
Member
Newcomer

So how would you have answered his question (leaving aside the fact that we both know he meant stock)?

bullwhip29
Guest
bullwhip29
123
Guest
123

….and he’s bothering to pack a table saw all the way down? Beats me….

space889
Member
space889

With suitcase or even truckful of cash in many cases. Can’t say I feel sorry for them.

123
Guest
123

Neither do our politicians…..

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

Must be packing that saw to cut up all the bill, right dildo?

Newcomer
Member
Newcomer

Guy moves to girlfriend’s hometown to try it out but says he might come back if he doesn’t like it. Incredible. My world view has been totally altered.

Funkeymonkey
Member
Funkeymonkey

6 major league sports teams. Average single family detached home price 400kUS.
Average income 60kUS

space889
Member
space889

Almost 7x average income ratio, still highly unaffordable by most measures.

VanRant
Member
VanRant

“Vancouver property developer Michael Ching Mo Yeung, who is wanted by China for corruption and hiding illicit assets, was a director and owner of two secret offshore companies set up in the tax haven of the British Virgin Islands in the 1990s, according to leaked financial information obtained by the South China Morning Post this week.”
http://www.scmp.com/comment/blogs/article/1944555/panama-papers-expose-secret-offshore-firms-vancouver-developer-michael?utm_source=&utm_medium=&utm_campaign=SCMPSocialNewsfeed
How many more of these corrupt bastards are living or own houses in Vancouver. Way to go Krusty and Justin!

Best place on meth
Guest
Best place on meth

Thousands, maybe tens of thousands

This city is crawling with such vermin.

space889
Member
space889

So why don’t you do us all a favor and remove yourself. I know it’s only 1 out of thousands, but losing a huge one is the equivalent to getting rid of 500 small ones.

Best place on meth
Guest
Best place on meth

I’m a corrupt chinese official now?

Why are you so incoherent, rambling and stupid?

space889
Member
space889

No, you are just the biggest vermin in Vancouver that just happen to win the genetic lottery of being born here, or back in the old continent, instead of somewhere poor and you actually have to work really hard to have a decent life.

Shut It Down Already
Guest
Shut It Down Already

He wasn’t born here.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

…says the expert on being a retard.

BubbleTea
Guest
BubbleTea

There goes the refugee applicants……. or maybe not.

space889
Member
space889

If Canada simply extradited Lai ChangXing promptly, instead of dragging it out over like 15 years and securing a no-death penalty promise, we wouldn’t be in such a big mess.

VanRant
Member
VanRant

“After issuing a record $1 trillion in combined bank and shadow loans in the first quarter which just like during the financial crisis provided a short-term boost to global growth (while sending China’s debt/GDP to all time highs)…China’s dramatic debt issuance binge is about to hit a brick wall.”
https://twitter.com/zerohedge/status/730918894643318784
Wonder how much of this money is use to purchase real estates in Vancouver?

patriotz
Member

I don’t think many Vancouver sellers accept yuan. That’s a serious point despite the style.

Londonernow
Member
Londonernow

“I don’t think many Vancouver sellers accept yuan”.
Is this a really stupid comment or just being purposefully misleading?
You do understand you can convert yuan into dollars right?

patriotz
Member

Until you can’t.

The broader point is assuming currency A is convertible to currency B, increasing the amount of currency A will devalue it relative to currency B. Another way of putting it is China’s purchasing power in dollars depends on how many dollars it brings in, not on how many yuan it prints.

BubbleTea
Guest
BubbleTea

The biggest profession of those that is exposed by The Panama Papers are corrupt politicians. The biggest ethic group with accounts linked to TPP are Chinese and yet Canada is letting the Chinese use our real estates to launder their corrupt money! That is why our real estates are so high!

space889
Member
space889

Right, cuz Chinese corrupt officials are buying those $300K condos and $699K TH like mad??

Nom Nom Nom
Guest
Nom Nom Nom

No you dipshit… They are the reason every Westside home is +3Million dollars. I really would like to have the opportunity to meet you in person. Although I fear I would not get past hello before I started beating the shit out of you.

space889
Member
space889

So if westside house is $2M you would finally be able to afford it? If only those dirty chinaman didn’t come and ruin your life?

Just admit it, you are a hateful racist who can’t do anything but blame other people for your failures and feels the world owes you everything cuz you know, everyone is special and everyone should win.

Given your propensity for violence, you are more worse and more uncivilized than the scums you hate. But then you people always believe might makes right…

Nom Nom Nom
Guest
Nom Nom Nom

Want to meet up for a coffee? you know… introduce ourselves to one another.

space889
Member
space889

I don’t feel like meeting a rabid dog.

Best place on meth
Guest
Best place on meth

It’s ok, he’s not from the PRC.

BubbleTea
Guest
BubbleTea

Ever heard of the trickle-down effect, eh space!

space889
Member
space889

Yes, I mentioned that on this blog years ago and got schooled by Patriotz and other bears about how that’s not how the RE market works.

Best place on meth
Guest
Best place on meth

No, locals are buying those because the thieves have bought all the houses.

Shut It Down Already
Guest
Shut It Down Already

Nobody is forced to buy. The locals are speculating. If they thought for a moment prices would decrease soon they’d be delaying the purchase.

space889
Member
space889

Whatever happened to no one ever has to buy and renting is so great??

There are no laws preventing from starting your own biz and get rich, here in Canada or China. Heck, you would have an even easier time to get rich in China just cuz you are a foreigner with a foreigner passport. But you don’t cuz you are a loser. Pure & simple.

Successful people don’t go around mope and bitch about poor me, unfair world. They are too busy working and achieving success.

Best place on meth
Guest
Best place on meth

But there are laws here against bribery and embezzlement. which makes getting rich much more difficult for honest people.

I know there technically are such laws in your shithole of origin as well but they’re only applied seclectively since the corruption starts at the top amd works its way down.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

Hey space, what to turds taste like?

Best place on meth
Guest
Best place on meth

Despite Trumps anti-China rhetoric, 54% of Chinese would vote for him if they could.

http://www.cnn.com/2016/05/12/politics/china-trump-fans/index.html

They just love real estate tycoons.

Combat roach
Guest
Combat roach

They even more like tacky, flamboyant shiny personification of the wealth. An obsession of showing off $$$$…

http://www.dailymail.co.uk/femail/article-3586677/Rich-Kids-China-flaunt-bling-private-jet-trips-online.html

I\'m with Stupid V
Guest
I\'m with Stupid V

See you do have something in common with locusts.

BubbleTea
Guest
BubbleTea

Is it time to tax foreign property owners? CIBC economist weighs in.
http://business.financialpost.com/personal-finance/mortgages-real-estate/is-it-time-to-tax-foreign-property-owners-cibc-economist-weighs-in
Should have tax the foreigners a long time ago and we won’t be in the mess we are in!

space889
Member
space889

Well, not going to happen with the BC Lib since you know, we have to ensure RE developers get all profits and whatever they want..

Heck, NDP wanted to raise the PPT and it was shelf because of protests by local owners!!

patriotz
Member

As a matter of fact the NDP dropped the PTT for first time buyers (which I think is a bad idea).

You are probably thinking of the NDP’s proposal to introduce a property tax surcharge on luxury properties (at the time >$500K LOL), which would have gone a long way toward cooling the bubble we’ve seen since they departed.

BubbleTea
Guest
BubbleTea

NDP-sponsored petition opposes foreign ownership
An open petition asking the Government of Canada to take actions to potentially curb foreign ownership of property has been tabled by a Burnaby resident concerned about runaway real estate prices in Metro Vancouver.
http://www.richmond-news.com/news/ndp-sponsored-petition-opposes-foreign-ownership-1.2254273

space889
Member
space889

How about just taxing the hell of foreign purchases, speculators, etc? It’s not like BC Gov’t is swimming in $$$. We got record high provincial debt, crumbling infrastructure, massive healthcare capital spending needs, massive school infrastructures (eg. half of Richmond elementary schools are rated as high risk of earthquakes), etc.

We got a perfect change to get free money to fix these problems without adding additional tax burden and we aren’t taking advantage of it??? And we want to actually cut off this source of free $$$?

Best place on meth
Guest
Best place on meth

Once every 4000 posts or so, you actually make sense.

patriotz
Member

“An open petition asking the Government of Canada to take actions to potentially curb foreign ownership of property”

Right after the federal election where the leader who is now PM promised he would take no such action, and the federal NDP itself ducked the issue entirely?

I would expect better from Stewart. He should level with the voters and tell them if they want something done on this, they have to elect the NDP provincially next year.

Best place on meth
Guest
Best place on meth

Petition is by Raymond Wong, a Chinese-Canadian who opposes corrupt mainlanders laundering money in Vancouver real estate.

Has anyone called Raymond a racist yet?

Anyone?

Hello?

UBC in Crisis Mode
Guest

Head of BC RE watch dog is leaving.. She should get a medal for making Van RE famous around the world.
http://www.theglobeandmail.com/news/british-columbia/bc-real-estate-watchdog-carolyn-rogers-has-work-to-do-before-leaving/article30006669/comments/

YLTNboomerang
Member

What are people’s thoughts on “Sleeving” or “Sleeve listings”? My sister just bought a place that was not listed on MLS and said that most of the places they were looking at are not listed on MLS and were sleeve listed. The bit that I thought was unusual was that while the house was not listed on MLS while it was for sale, as soon as the sale was complete, low and behold it was posted on MLS as sold.

Are realtors fudging the numbers by exaggerating the sell-to-list or days-to-sell ratios? Anyone know about this? Paul B?

fosolo1
Member
fosolo1

This certainly explains the RE mantra that has been drilled into our heads month after month about the lack of listings and the sense of urgency to buy now or be priced out forever.. Who knew they were hiding shadow listings.
Could things get any less transparent and more corrupt in this market ? I would love to hear from any realtors out there on the reasons for the practice of sleeving . Who exactly benefits from not listing a home to a wider pool of buyers on MLS.

patriotz
Member

It would he helpful to us, not to mention the credibility of your post, if you told us how she found out about the listing if it was not on MLS. A description of the property and the price wouldn’t hurt either.

YLTNboomerang
Member
Patz, I’ve been posting here for 10 years and even was an admin for a time while our host needed a break so I don’t appreciate you calling me a liar. In your little world, everyone has an ulterior motive so take your tinfoil hat off I’ve got nothing to gain by sharing but don’t want to go and lost their house address without their permission. My sister enlisted the services of a realtor to look for a place, the realtor said “hey, I know a place that is not listed right now that failed to sell last time it was listed, you should make an offer”. The looked at it, made an offer, got countered and then accepted. They sold their place in NVan and bought a place just outside of Whistler. They sold for $1.7 and bought for… Read more »
Shut It Down Already
Guest
Shut It Down Already

Patriotz is a fine one to talk about credibility. He won’t even admit to shorting HCG right before the stock price doubled and about 4 dividend hikes. Pretty sure we didn’t get many details about the place he bought in Ottawa either.

patriotz
Member

SH*T IT DOWN: ” won’t even admit to shorting HCG”

How come you know about it then?

“Pretty sure we didn’t get many details about the place he bought in Ottawa either”

Liar. I told the forum the property type, purchase price, rental value, and property taxes. Second post in this thread:

http://vancouvercondo.info/2014/10/fffa-income-losses-investment.html

Shut It Down Already
Guest
Shut It Down Already

Yes, I read that post. So you bought a “house” in an unspecified neighbourhood? Really useful info.

Obviously I know about the HCG trade because you announced it here. But you never ever acknowledged being wrong. About anything. Now go ahead and pretend you never closed out that position.

Shut It Down Already
Guest
Shut It Down Already

So when are you going to tell us how much profit you made on that HCG trade, Mr. Credible?

Best place on meth
Guest
Best place on meth

What’s just as interesting from that Thanksgiving 2014 post other than you buying a house in Ottawa:

1. Dave sold and became a renter. He also seemed to be calling a market top and yet was trying to get back in. Confusing.

2. Fake westside realtor was still furiously trying to convince everyone the market was tanking – he’s long gone.

3. Various worthless cunts in the RE industry who were making a killing were trying to pull the race card every time china was mentioned – they were called out and have since shut up.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

Fuck off puss brain

Shut It Down Already
Guest
Shut It Down Already

Go home, you’re drunk.

patriotz
Member

YLTN: Thank you. I did not call you a liar. I asked for relevant details. Your sister made an unsolicited offer for a property that was not for currently sale. Why not use plain language rather than using mysterious terms such as “sleeve listings”?

YLTNboomerang
Member

Umm, not mysterious, that is what they are called, look it up. And I called it that as this is what it was referred to my sister as by her Realtor!

I forgot my old name, Was it AngryLemming?
Guest
I forgot my old name, Was it AngryLemming?

I thought realtors were privileged to new listings and the public site that us schmucks used only have listings that are certain days old?

YVR
Guest
YVR

The reason the realtor still uses the MLS to post the transaction on an off MLS sale is because it helps the realtor’s personal stats. Each realtor is measured by sales $ on the MLS. Sales off the MLS don’t count. They process the transaction on the MLS which gives them credit for a sale. The cost to the realtor is minimal. I am sure the realtor boards encourage or maybe even require this as well to keep their monopoly on sales processed through the MLS.

YLTNboomerang
Member

Thank you for this answer.

Combat roach
Guest
Combat roach

Are rents going to accelerate further up over summer? Can one rent a bed, just bed on Airbnb? Perhaps a room with 24 beds in the one-bedroom apartment.

“It’s a great time to start hosting on Airbnb. Summer will soon be bringing travelers from all over the world to Vancouver, seeking unique spaces just like yours. With Airbnb, you choose your price and availability — whether you’re sharing your couch, an extra room, or your entire home. Airbnb lets your space work for you.

If you’re ready to start hosting today, sign up here to earn a $250 CAD cash bonus after you host your first guest!*

https://www.airbnb.com/meetups/ccadp5m2b-you-re-invited-learn-home-design-tips-with-airbnb-west-elm?af=33238470&c=wevancouvermeetup

Newcomer
Member
Newcomer

Yes, I saw one offered in Victoria which was just a bed with a curtain pulled across the room to give you some privacy.

Best place on meth
Guest
Best place on meth
Combat Roach
Guest
Combat Roach

“A tech boom has fueled San Francisco’s housing market to new heights, with the average price going from US$895,000 in 2007 to about $1.1 million today, according to Forbes.”

What kind of shit has fueled Vancouver housing market? They have tech boom and we have “unknown shit” boom.

http://m.huffpost.com/ca/entry/9951196

BubbleTea
Guest
BubbleTea

Its called the 28 trillion USD Chinese Debt Bubble.

southseacompany
Member
southseacompany

Really, it’s a whole world debt problem;

“A chronic problem”, The Economst

http://www.economist.com/news/finance-and-economics/21698669-ideas-reducing-debt-burden-chronic-problem

“DEBT levels grew spectacularly in the rich world from 1982 to 2007.”

Best place on meth
Guest
Best place on meth

This is why interest rates will explode higher, when the appetite of investors to buy all this growing debt runs out for fear on not getting paid back.

We’re in year 35 of a bond bubble.

patriotz
Member

Didn’t the Bay Area have a far bigger price rise a decade or so ago when tech was doing badly? Was was behind that? Maybe a lot of people in Vancouver are on that stuff too?

wwwww
Guest
wwwww

Tech wasn’t doing badly a decade ago. Who do you work for patriotz? What is your agenda? Don’t you feel bad for giving bad advice to so many trusting people for 10 years?

I wonder how many people were priced out because they were taken in by your lies.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

Fuck off space turd

Bestplaceonearth
Guest
Bestplaceonearth

The unknown shit is just full of anger.

paulb
Member
Active Member

New
167
Sold
222

TI:8389

http://www.paulboenisch.com

8888888
Guest
8888888
Bubble Tea
Guest
Bubble Tea

From the Sun Article, a former citizenship judge says …
““Memorably, on one occasion, several newly sworn in citizens brought suitcases to the ceremony room for a rapid departure to Vancouver International Airport,” he wrote in a submission to the committee that studied the bill.”
“Canada does need more immigrants. We have an aging population and we need more people with skills and training who are willing to make a commitment to Canada. What we don’t need are any more citizens of convenience.”
In other words, no HAMs please.

123
Guest
123

A 25-year-old’s innovative and terrifying solution to living in San Francisco for $500 per month

Though tiny, the living space comes with a skylight, fan, fold up backboard, LED lights, fold down desk and bookshelf. Berkowitz is currently working on soundproofing.

http://www.theplaidzebra.com/a-25-year-olds-innovative-and-terrifying-solution-to-living-in-san-francisco-for-500-per-month/

Coming to the “best place on earth” next?

David Lee
Guest
David Lee

It will be interesting to see how the lackeys in Victoria working for Rennie and his developer buddies spin this one:

http://www.theglobeandmail.com/news/british-columbia/bc-realtor-accused-of-making-threats/article30024457/

Keep it up Kathy Tomlinson (props to Sam Cooper and Ian Young as well).

BTW, I wonder why G&M seems to publish such explosive investigative reporting about Canada’s Bimbo-turned-RE-Whore (i.e. YVR) on Friday nights.

8888888
Guest
8888888

Christy and her buddies will just laugh about it and go about their business ,all as this Liberal Government has is contempt for the public .Deny, Deny, Deny

patriotz
Member

Because stories that appear on the main print and web editions for Saturday often first appear on the web Friday night. So actually G&M is giving this story maximum exposure.

fosolo1
Member
fosolo1

Pocket listings AKA “Sleeve listings”

Again, this is why inventory “appears” to be low.
Slowly we turn..This market will soon collapse under the weight of it’s utter bullshit .

“A growing number of agents say they’re concerned inventory challenges will only exacerbate the problem of pocket listings – a phenomenon that is now challenging key markets and the very idea of “agent cooperation.”

http://www.repmag.ca/news/more-agents-look-to-pocket-listings-182200.aspx

Shut It Down Already
Guest
Shut It Down Already

You’re saying real inventory is closer to or higher than seasonal normals? How many sleeve listings would that require 5000? 6000? Bit of a stretch maybe?

Also what benefit is there to the seller in not marketing to the widest possible pool of buyers?

fosolo1
Member
fosolo1

In 2015 the amount of realtors hit a record high of over 12,000 in the GVRD. If a mere 20% of these realtors knew of 2 pocket listings that would add a potential 5000 MLS listings. Not much of a stretch is it?

It does not benefit the seller, apparently you have not being paying attention to the inner workings of this market. Or perhaps you prefer to turn a blind eye last as it benefits you. . Now , Shut it UP already

Combat roach
Guest
Combat roach

Surprisingly mentioning of “sleeve listings” hasn’t been called racist?

Shut It Down Already
Guest
Shut It Down Already

Don’t worry, we’ll point out next time you’re being a racist.

ChinaOne Swallows Dicks
Guest
ChinaOne Swallows Dicks

“we’ll”? You mean you and space turd?

Shut It Down Already
Guest
Shut It Down Already

Strong contribution. Well put.

fosolo1
Member
fosolo1

From Layla Yang’s bio . Pretty much says it all :

“She graduated with a Bachelor Degree in Criminology from Simon Fraser University”
http://www.laylayang.com/

Best place on meth
Guest
Best place on meth

The whole real estate industry has a gangster feel to it now that the chinaman have taken it over.

It wouldn’t surprise me if bribes, shakedowns and extortion have become commonplace.

VanRant
Member
VanRant

No surprise about corrupt HAMs. From BIV…..B.C.’s Asian influence figures prominently in Panama Papers. Large percentage of B.C. addresses in leaked database linked to shareholders of business entities in China, Hong Kong and Taiwan
https://www.biv.com/article/2016/5/bcs-asian-influence-figures-prominently-panama-pap/
Most of the corrupt money are hidden away in BC real estates under names of convience, LLC companie, etc.

Combat roach
Guest
Combat roach

Those fuckers are like worst incurable cancer of this country and society. They were given on plate a good, healthy and capable body and yet they managed to intoxicate it with their shitg and “business culture” and ruin it beyond any point of recovery. They must be prosecuted, deported and their local wealth confiscated. They are the worst criminals and must be treated as such.

8888888
Guest
8888888

Chinese Premier is even more progressive than Christy .The BC Liberals are just real estate salesmen , thats their solution to every problem more foreign investment aka sell BC to the highest bidder.

8888888
Guest
8888888
would-be buyer
Guest
would-be buyer

https://petitions.parl.gc.ca/en/Petition/Details?Petition=e-281

I am surprised there aren’t more signatures.

Shut It Down Already
Guest
Shut It Down Already

It got more that Whistler Or Bust’s:

http://www.ipetitions.com/petition/limit-foreign-ownership-in-the-lower-mainland

Only 49,800 to go!

David Lee
Guest
David Lee

Thanks for the reminder: just did it.

8888888
Guest
8888888

People know the only way to change things is to get Christy and her buddies out in the next election , they just ignore those petitions .Can you name one petition that worked?

patriotz
Member

The BC HST petition, because:
1) Almost everyone didn’t like the HST, thus there was a motive for high profile politicians to get behind the petition.
2) The BC government was legally required to recognize it.

(2) would also apply to any petition to take measures to cool the RE market, but certainly not (1).

patriotz
Member
wpDiscuz