Pity the detached home-owner

There’s a lot of angry young people in Vancouver, people who think they deserve to be able to afford a home in this specific city.  A few of the angrier ones would like to make the issue all about race, but I guess if you’re of a certain kind of mindset EVERYTHING can be about race.

It wasn’t always like this.  Vancouver used to be a nice small town where the average income would be able to to stretch and afford a local detached home.  Wouldn’t it be great to have gotten in at that time?

Maybe not.  After all, It’s not these owners fault that property prices have gone up and up and property taxes have nudged up a bit as well.

Fortunately if you’re in this group the mayor of North Vancouver has got your back.

Mr. Mussatto said this week that he would like the province to look into separating single-family houses from condominiums and multiple-unit dwellings so owners of single-family houses could be charged a lower tax rate.

The mayor argues that while the value of single-family houses has skyrocketed in recent years, the value of condos has remained relatively stable. “If you’re a condo owner, your taxes may indeed be going down this year, because condos didn’t go up much or they didn’t go up at all compared to single-family homes,” he told me in an interview. “The bottom line is that there are some people who are getting hurt pretty significantly and I want to make sure that we’re fair with the tax system so everybody pays their fair share.”

Read the full article over at the Globe and Mail, and then if you’re so inclined go back to your racist rantings. That’s sure to be an effective way to change the way things are and get everybody on your side.

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Truth
Guest
Truth

All of you could have been home owners if you weren’t so god damn clever!

VHB and patriotz’s lies set so many people back. May you should be pissed off at them and not the home owners.

Or Dare_Ya
Guest
Or Dare_Ya
Better yet, I recently took it upon myself to write our PM (Justin), Premier (Christy) and our BoC Gov (Poloz) that it is about time that they get their collectives heads out of their arses and create the PBOLM (People’s Bank of Lower Mainland) so that we too can jump on the band wagon of ‘printing’ money in the hundreds of Billions a month to bail out insolvent businesses and citizens so that we could then invest those digitized dollars into our very own housing market. If we Canadians were also a tiny bit smart about it, we could also export some inflation to other countries by investing the ‘excess’ dollars (created out of thin air) into their housing market. Now, knowing how the human animal spirit works, some lucky individuals well connected within the inner circle of the PM,premier… Read more »
Ulsterman
Member

Truth, you are correct that many of the long-time readers of this blog would have been better off never having seen these bear blogs or having quit reading years ago. It has been a catastrophe for those who sat on the sidelines renting, no matter how they try to spin it with stellar stock market returns. But it’s wrong to blame Patriotz or VHB. They’re anonymous blog posters, not your paid financial advisers.

MarKoz
Member
Active Member

Looking at advice from VHB and Patriotz and pretending that 2014 to the present is representative of the entire time they were posting is to ignore a lot of history.

Vancouver house sales started to tank in March 2008. We had off-shore money buying houses then too, but the market began to slide anyway. Off-shore money was a factor then, but nothing like it is today. The financial crisis of September 2008 saved Van RE. Crisis low interest rates and all sorts of Federal incentives to buy housing jacked the market up again.

Then came the pop in the value of oil, a plunging Loonie and a slightly devalued Yuan resulting in a massive exodus of Chinese money from the Mainland to Vancouver over the next 2 years to get us where we are today.

paulb
Member
Active Member

New
304
Sold
87
TI:8665

http://www.paulboenisch.com

Loon
Guest
Loon

Smashed through 8500 and 8600 in one night, next stop 8700 party !

In all seriousness, I predict this market will tick along and probably go crazy for another 2 years and then tank hard in 2018-2019. Why ? Historically the last years of each of the last few decades have been crap for housing so why should that change ?

would-be buyer
Guest
would-be buyer
CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Heh. He might as well have just said “Liberal Provincial Government, don’t do anything to make housing costs comparable to the incomes of people who live and work here. It will be bad for you if you do.”

Sellnoworbepricedin4evah
Guest
Sellnoworbepricedin4evah

More boomer protection.

Best place on meth
Guest
Best place on meth

Translation:

“I’m making a killing on this housing bubble, for the love of god please don’t do anything that might pop it!!”

These media clowns should be required to fully disclose what they own before commenting on policies regarding real estate.

Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Where is media frenzy for this type of thing. Prime Chinese home parking lot area.

Was listed at $3,098,000

NOW $2,888,000

http://www.rew.ca/properties/R2079846/3256-w-16th-avenue-vancouver?direction=desc&sort=latest&page=1&property_search=397375369

donelike burnttoast
Guest
donelike burnttoast

obviously there wasn’t enough 8’s for them. Now that should be enough. next would be 1,888,888. Seriously though how much would that place be worth without the far east laundered money??

Best place on meth
Guest
Best place on meth

About 70% less.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

All the 8s are really getting embarrassing. A couple times, OK, yeah, kind of cute. But continually? Sheesh. It’s too weird. I’m going to drive by that house right now and see what it looks like from the outside.

Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Yeah. You would think even the Chinese would be tired of the obv sell tactic of 8s by now.
I’m seeing listings in Seattle eastside these days with a lot of 8s too.
Sigh

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Does the continued practice of using 8’s in the price suggest that they are always marketing to new people coming in from China (who might be charmed and made to laugh by all the 8s by contrast with people who are already here, of any background)?

The house, by the way, has a nicely mowed lawn.

Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Covering their bases.
But yes. No local would buy that at this price. Lol.

Polozi Scheme
Guest
Polozi Scheme

Great to see everyone finally agrees about the cause of the problem (except Christy and her Vice President the condo king asshole ). Gregor is out and David Eby is IN if Vancouver cannot retake ownership of its own damn city.

StupidityCheck
Guest
StupidityCheck

Communist China is a shithole! Note to snarky moderator, PRC is not a race……………

ostritch
Member
ostritch

The people who think they deserve a home, or more like ten homes, in Vancouver, are the Mainland Chinese. I’m a bit offended at language like this which is a not so subtle attack on people who live here.

ostritch
Member
ostritch

I should clarify. The people who live here aren’t behaving in an entitled way. They are just trying to survive and raise their families. It’s foreigners hoarding and speculating who are the entitled ones. Don’t believe, just try to reverse this privilege and see what happens.

patriotz
Member

“The people who live here aren’t behaving in an entitled way”

Sure they are. That’s the point of the subject article of this thread.

“It’s foreigners hoarding and speculating who are the entitled ones. ”

Anyone hoarding and speculating is an entitled one. And living in a house that’s a lot bigger than you need and deferring the property taxes is hoarding.

But there is one big difference between the foreigners and locals – only the locals get to vote.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I don’t know, but maybe ostritch was talking about other kinds of behaviour besides, or in addition to, hoarding and speculating,

elvince
Guest
elvince

Foreigners get to finance the red party (and CC’s salary), that’s much better than voting.

patriotz
Member

Since they can’t vote in the first place, of course. But the locals have choice of voting for someone else.

ostritch
Member
ostritch

You’re a victim of your privileged upbringing.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

“language like this”? Do you mean like in the article by Palmer linked to by so-called would-be buyer above?

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Oh, I see. You’re talking about today’s post itself. :-$

southseacompany
Member
southseacompany
“Vaughn Palmer: Nightmare housing scenarios good reason for government caution”, Vancouver Sun http://vancouversun.com/opinion/columnists/vaughn-palmer-nightmare-housing-scenarios-good-reason-for-government-caution “The risks are evident in the widespread arguments among those in the know about the best way to proceed to address housing affordability. • Talk down the market as Bank of Canada governor Stephen Poloz tried to do last week with his warning about unsustainable housing prices in Vancouver and Toronto? • Raise the entry threshold on mortgages by increasing the required down payment? • Bring in another luxury tax, atop the one already imposed here in B.C. this year? • Drive out foreign capital by whatever means? None of these options is necessarily as surgical as advocates suggest. Taken singly or in combination they might produce unintended consequences for the most vulnerable participants in the housing market. If that happens, all those homeowners who find themselves… Read more »
southseacompany
Member
southseacompany

“Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years”, MarketWatch

http://www.marketwatch.com/story/charting-the-lowest-interest-rates-in-5000-years-worst-commodity-returns-in-80-years-2016-06-14

“Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years.”

Money Laundering YVR
Guest
Money Laundering YVR

It’s assholes like Patriotz and Garth who are the worst of their kind that try to deflect the truth.

Patriotz, who works for the fed gov (Immigration), continuously tried to downplay the effect Asian inmigration had on Vancouver housing. It is and was government propaganda.

Garth on the other hand is bordering on criminal behaviour. I’m sure several elderly widows have sold their Vancouver houses a few years back and invested with Raymond James. The criminality comes in where his blog denies any impact from HAM. Even though we all know it to be true. Wonder how the courts would decide. Nonetheless is giving Raymond James a black eye.

The_Shit_That_Garth_Says
Guest
The_Shit_That_Garth_Says

A few years ago I used to post on GT blog and he simply deleted my posts whenever I mentioned that money has no boundaries for people like him. Of course he never wanted to admit that because he new very well that even though the Chinese exported lower inflation to the rest of the world with their cheap goods and labour , they also began exporting HUGE property inflation to the rest of the world by getting those excess USD profits out of their country, AND FAST. It had to be that or they would of faced a Zimbabwe type of hyper-inflation in their own country.

southseacompany
Member
southseacompany

“Fed faces battle to escape world’s low interest rate grip”, Reuters

http://www.reuters.com/article/us-usa-fed-neutral-insight-idUSKCN0Z02HW

“Evidence that the U.S. neutral rate of interest remains stalled near zero may slow Federal Reserve rate hikes even more than expected, tying the hands of policymakers until a rebound in global demand or other forces raise that key measure of the economy’s underlying strength.”

Money Laundering YVR
Guest
Money Laundering YVR

Don’t hold too much hope in the NDP either.

I know many people that surround David Eby day in out and many own investment properties.

The sell out will continue.

HAMster
Guest
HAMster

Remember Harcourt made a killing on his investment property on Pt. Grey Road.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

And many surrounding him do not own investment properties, or even if they do, have a lot of clarity about the housing crisis and can think about other things besides very short term self-interest and are governed by other compasses than herd mentality.

patriotz
Member

The RE industry certainly thinks the BC Liberals are different than the NDP, since they donate an unprecedented amount of money to the former to keep out the latter.

david
Guest
david

Wow.

Because when governments make slick little ‘tweeks’ the rules of any game that’s being abused, the market reaction always matches what those smart bureaucrats figured.

It’s why our income tax system works so well.

FYI: ‘Government’ is where the Law of Unintended Consequences was born.

Dicmonditte
Guest
Dicmonditte

Homes evacuated as severe flooding hits lower mainland.

http://www.cbc.ca/news/canada/british-columbia/west-vancouver-flood-evacuation-1.3635890

No flooding in Richmond though. How about that?

Best place on meth
Guest
Best place on meth

“Pearson says although his family and dogs escaped safely, they left behind a number of precious items in their flooded basement.

“My dad has a pretty personal and nice collection of comic books downstairs … we know that they’re gone,” he said said.”

You’re supposed to put the valuable stuff in the attic.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Well… maybe if a person had ever lived in a place where there were tornadoes he would tend automatically to put the valuable stuff in the basement rather than attic.

Let’s have a little culturo-geographical sensitivity here! 🙂

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Though the question of this post is interesting (do some homeowners have it bad because of unexpected rising taxes), I worry a bit about how it is phrased. It seems calculated to shut down discussion of foreign ownership by associating the anger of young people with racism, as if it were not possible to be angry at foreign ownership without being racist.

The very first I ever heard of a new wave of super wealthy Mainlanders buying up property in Vancouver, was in 2003 or 2004 from a young Canadian man with Chinese ancestors. I won’t tell you what he said, but it was not very friendly towards them, to put it mildly. He was on his way to one of the best graduate programs in his field in North America.

Best place on meth
Guest
Best place on meth

Perhaps Pope phrased it this way in response to the new guy on the last thread talking about “spitting on chinks”.

That name is a slur against every person of Chinese descent everywhere in the world.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Yes, that’s true. There was that one.

I thought maybe it was a troll trying to make the blog look bad… but either way, it was a slur.

Best place on meth
Guest
Best place on meth

You may be right, you never know when a provocateur comes along, much like the way governments sends violent goons into peaceful protests to try and discredit them.

HAMster
Guest
HAMster

Vancouver detached home owners who got in years ago are mostly 55 or older now and they can defer their property tax on principal residence until they sell the property, so they already get a break on their taxes by deferral.

Hyper-mega-Bull
Member
Hyper-mega-Bull

I know people who got in last year and have seen gains of over 60%.

squeak
Member
squeak
I am curious how this would translate into national/local economy if everybody sold their stocks/mutual funds to buy real estate, stopped buying any goods/products not related to RE, quit their jobs to work in the real estate industry b/c the rewards and earnings are so much more. How would this affect the people living in Vancouver, would they flee? Would Vancouver thrive? Would Vancouver/Victoria die? Would everybody become rich? And of course, what to do with the homeless/mentally ill/drug addicts, probably will grow in numbers as health care system is eroded, housing too expensive, and people with a lot of mental/emotional pain due to a society that cannot control what is produced/brought in (drugs) due to lack of tax money due to lack of goods/services producing jobs and poverty, as these people are already marginalized. Round them up and hide… Read more »
Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Did they sell them? Paper gain not the same as real gain.

space889
Member
space889

Kind of like stock portfolios? Where those paper gains aren’t really gains until it’s realized as cash? And if you plow those dividends back into stocks….well it’s all paper money again?

vangrl
Member
vangrl

a Twitter Tweet

“Still early, but looks like June $1M+ sales could be one third of what they were in May. A 66% drop from May. It’s noticeably slower.”

vangrl
Member
vangrl

Sorry correction, I missed a previous tweet that stated that it was for Yaletown only

Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Tweet source ?

Hyper-mega-Bull
Member
Hyper-mega-Bull

And how is it versus June of last year?

888888
Guest
888888

Sorry Greg Vancouver didn’t make the list, don’t worry those farmer’s from China don’t know what world class mean’s anyway. http://www.bloomberg.com/news/articles/2016-06-14/osteria-francescana-is-named-the-world-s-best-restaurant

Hyper-mega-Bull
Member
Hyper-mega-Bull

best chinese food outside of asia though.

Hyper-mega-Bull
Member
Hyper-mega-Bull

that restaurant looks amazing BTW. wow.

BubbleTea
Guest
BubbleTea

Foreigners buying homes in Sydney will face a new property tax from next week when New South Wales becomes the second state in Australia to impose such a duty as soaring demand from China helps drive record prices.
http://www.bloomberg.com/news/articles/2016-06-14/sydney-introduces-home-stamp-duty-on-foreigners-after-melbourne
Krusty, what the hell are you waiting for?????

patriotz
Member

A stamp duty is not a “property tax” in our terminology, it’s a sales tax or PTT:

Australia’s most populous state plans to introduce a 4 percent stamp duty surcharge from June 21 and from next year a 0.75 percent land tax surcharge on foreign purchasers

Wow that’ll scare them off.

BubbleTea
Guest
BubbleTea

At least its doing something about the foreign invasion. More than Krusty and Justin.

space889
Member
space889

If foreigners want to give you free money for overpriced cardboard structures, I say take it. It’s not like BC is flush with cash. After a decade of BC Libs, we have record official provincial debt, record official + those off books debts, huge healthcare deficits, huge education deficits, huge infrastructure deficits. We frankly need $$$ and lots of $$$. If there is a wave of $100B coming from China, I don’t see any reason why we can’t simply take a 5% or 10% cut and use that money to actually do something useful for the province.

Oh wait, what am I talking about?! It’s the Libs. They are more than happy to sacrifice 1000 commoners’ first born child just so their corporate buddies can earn an extra $1.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Who says “libs”? This is south of the border internet slang.

Best place on meth
Guest
Best place on meth

Even if it doesn’t scare them off, the taxes collected would help solve some serious budgetary issues BC is facing thanks to the inept Liberal government.

Maybe then they could stop nickel and diming local wage earners, at the rate camping fees are going up every year it’ll be $60 a night at provincial parks 10 years from now.

MarKoz
Member
Active Member

It also depends on how they define “foreign”. Most of the studies in Canada define “foreign” so narrowly that the result is a foregone conclusion in the negative.

Australia’s policies so far have limited foreign purchases to new homes. So developers buy old homes, tear them down and build new ones. Voila! Complete compliance with the rules!

BubbleTea
Guest
BubbleTea

Canada might have reason to worry. Chinese money is the biggest force behind the surge in house prices in cities like Vancouver and Toronto. The Organization for Economic Cooperation and Development has flagged Canada’s China-driven housing market as an economic risk, and Canadian bankers are begging the government to step in and cool off the property market.
http://www.bloomberg.com/view/articles/2016-06-15/china-sends-bubbles-to-north-america

Combat roach
Guest
Combat roach

Canada is gone, fuck the housing market and Chinese and their money and whatever. The victim is Canada, nice, beautiful, innocent country got destroyed by greed of the worst.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName
NIGHTMARE. I feel like I’m trapped inside a building with a lot of other people and there’s a mass murderer, Big Money, going around with a big gun, a bunch of big guns, trying to down us all and I keep wanting to be saved, but all the entities that could save us are missing in action. That’s how I feel about being in Vancouver, in BC at this point in time. The building is burning and we’re trapped here with the mass murderer Big Money. CC and others of her government are missing in action. They’re on television saying that they think everyone should be allowed to carry a gun because that’s freedom. You can’t take guns from people, they say. I can hear some very distant shouts from the federal government but they are a long way off… Read more »
space889
Member
space889

You know that too much tinfoil wearing is bad for you?

The most dangerous phrase in English language is – I’m from gov’t and I’m here to help you.

The most stupidest idea is – expecting gov’t to solve your problem.

Gov’t is the problem and until you wake up to that little fact, there is no help for you.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

The exercise of autonomy and invention requires both community and appropriate physical environments for primates to wander about in. You and I both love freedom and self-reliance; the issue is how best to enable those things. You think too much in stereotypes, I’m afraid, Space, and particularly with respect to what kinds of political stances one might take.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Plus, how did my nightmare have anything to do with tinfoil stuff? You posted in a thoughtless way.

Sellnoworbepricedout4evah
Guest
Sellnoworbepricedout4evah

Ummm. Ok. But the locals have been more than happy to collect the money from this invasion. It’s standard process here to call your lender yearly to take more equities out of the house for new cars, expenses, Maui etc.

space889
Member
space889

So basically I guess Canadians are simply sellout whores then? Based on Combat Roach’s description of the process.

patriotz
Member

Vancouver and Toronto aren’t Canada.

airborne canine
Guest
airborne canine

My sources say West Van detached down 80% in June so far, compared to normal for up to this point in June. Also slow in Van West. Apparently slowdown started in mid-May in the higher end. Won’t be long until it spreads to “cheap” North Vancouver

888888
Guest
888888

Chrusty and her realturd friend’s are probably booking their flight to China to keep the bubble growing.

space889
Member
space889

Westside Realtor? is that you??

Boner
Guest
Boner

Led Mac development on prince Albert St & fraser just sold 3 townhomes 1st to list was the smallest one and sold for 1241000, next up was a much nicer larger one sold 1200000, last just sold today a large nice one just sold 1188000 , just like that in 1 month a swing of 53000$… just imagine what the buyer of the 1st small one thinks……..OVERPAID dummy….. my guess 1175000 next up to sell if they act fast

The fan is starting to get in the way of the shit!

888888
Guest
888888
southseacompany
Member
southseacompany

“Fed leaves interest rates unchanged, signals two hikes this year”, Globe & Mail

http://www.theglobeandmail.com/report-on-business/economy/fed-leaves-interest-rates-unchanged-signals-two-hikes-this-year/article30466501/

“The Federal Reserve kept U.S. interest rates unchanged on Wednesday and signaled it still planned two hikes this year, although a slowing economic growth path for 2016 and 2017 prompted a downgrade in where the U.S. central bank thought rates would peak.”

space889
Member
space889

Good luck if we even get 1 rate hike. $10 trillion+, yes that’s a TRILLION = 1000 BILLION or ~50% of CAD GDP of sovereign debt is in negative yield! Negative! Investors are paying gov’ts to borrow! Including PIIGS states like Italy. Fully 1/3 of all sovereign debt are in negative yield.

Toyota recently issued a 30 years bond at 0.1% interest! Yes, 0.1% interest for a 30year corporate bond! 30Y UST which is considered absolutely safe is yielding around 1.8% to 2%.

You think the US Fed is going to really raise the rates under these set of conditions?? If someone told you 10 years ago that a company like Toyota can have lower interest rate than the US gov’t debt, you would have laughed at that person as a lunatic.

southseacompany
Member
southseacompany

“TORONTO’S REAL ESTATE MARKET IS A HOUSE OF CARDS”, NOW Toronto

https://nowtoronto.com/news/torontos-real-estate-market-is-a-house-of-cards/

“Historically low interest rates have played a role in real estate prices. Given the tepid post-recession economic recovery worldwide, interest rates are likely to remain low for some time. Despite this, Poloz’s comments outline the risks of a correction in real estate markets.”

wwwww
Guest
wwwww
space889
Member
space889

Because when people are desperately lining up to give you way too much $$$ for the cheap product you are selling, you should always refuse? The ones lining up are pretty much guaranteed to give you $$$ – bird in hand, while those on so called VIP list are not – birds in the bush. What would most reasonable businessman do? Especially if we maybe close to a bubble burst?

I’m simply surprised that the developer didn’t increase the price.

Bear Vancouverite
Guest
Bear Vancouverite
I’ve been in Polygon lineups before, back as early as 2004. They raised prices while we were still in line and raised again each day. I would’t be surprised if Kingsley estates was never set to be priced at $1.6M on the high end. Anyway, this part of the article is pretty interesting: ==================== One middle-age couple from Aldergrove said they heard from a realtor that “something may be happening” on Saturday. They brought lawn chairs and slept in their car Friday night. The man said the couple had savings and wasn’t too concerned about the $1.4 million price tag for a four-bedroom, 1,700-square-foot townhouse. “Why not! I have a friend who bought a townhouse (elsewhere), an end unit, and it’s gone up $200,000” in a short period of time, he said. ===================== They also saw quite a few people… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

people still aren’t seeing HAM even when it’s right in front of them.

this is why you should buy a house. despite the ‘noise’ vancouverites are still deep in denial and are half a decade away from taking meaningful steps to stop HAM and sinofication.

southseacompany
Member
southseacompany

““Why not! I have a friend who bought a townhouse (elsewhere), an end unit, and it’s gone up $200,000” in a short period of time, he said.”

That line says it all.

wwwww
Guest
wwwww
MLS watch
Guest
MLS watch

The handling of this issue is shocking. By trying to avoid conflict, they are fuelling the cancer of ethnic tensions. Very bad move. They should study what went wrong in some parts of Europe.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName
I agree MLS. The council should address it straight on. I would do more shopping in Richmond and more eating out there if the Richmond businesses would do me the courtesy of printing signs in English. I think I’m not the only one that would appreciate this. But Richmonders can’t be bothered; they’re not interested in English speaking customers, apparently. This stance doesn’t seem like it shows much business acumen, so it causes me to wonder. I say Hmmmmmm. Maybe somehow it DOES show business acumen. Is there some advantage to NOT advertising to English speakers what kind of restaurant or business you have? What could that advantage be? Would they perhaps lose Chinese speakers’ business if they had English speaking customers? Is that their reasoning? Or what? I think there must be a business reason why they do it… Read more »
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