Friday Free-for-all! Black Friday

It’s that time of the week again, Friday free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

Canadians will need 20% more income
BOC rate cut?
Road pricing
Ill equipped to deal with rising costs
Requalification?

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

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Hyper-mega-Bull
Member
Hyper-mega-Bull

Exclusive: China ready to slow yuan descent, worried about capital outflows – sources

http://www.reuters.com/article/us-china-economy-yuan-exclusive-idUSKBN13D13L

Hyper-mega-Bull
Member
Hyper-mega-Bull

china’s war against capital outflows is like the war on drugs.

unwinnable.

Oracle
Guest
Oracle

Lesson for kids: The corrupt get ahead.

Combat roach
Guest
Combat roach

The recent feedback from readers on “Canada’s public guardians failed Vancouverites” could have been read on VCI many years ago.

“From T.S.:

Your article points out a number of truisms, which many Vancouverites have known for years. But their voices have been silenced by both the right (real-estate people and developers) and by the left (who say any comment about Chinese investment could be seen as racist).

We will never get out of this mess. And I fully expect that my children will never come to live in Vancouver. All of this to provide a money-laundering service to millionaires.”

http://vancouversun.com/news/staff-blogs/canadas-public-guardians-failed-vancouverites-readers-respond

patriotz
Member

Can anyone point out a statement from the BC NDP (which is the only “left” that matters) saying that any comment about Chinese investment could be seen as racist?

In any case, it’s not the “right” or the “left” who are the problem, it’s homeowners who think they are going to get rich and don’t want any government getting in the way of it who are the problem.

Just me
Guest
Just me

Amen to that.
There has been an unholy alliance between:
(1) homeowners (of all political inclinations);
(2) politicians with bendable views (Christy Clark is a prime example);
(3) developers (no shortage of them in Vancouver).

They have been running the show together. The rest of us: lambs to the slaughter. We need a big shake up. I don’t care how it comes along, but it’s long overdue.

Oracle
Guest
Oracle

BC Libs = NDP

The backrooms have been infiltrated by corp interests and bureaucrats placed in strategic positions within gov and regulatory bodies.

All while the public was asleep and being ‘schooled’.

Only thing that stops this is a “Trump” moment in Canada. Note the attacks on trump by the media. This was not in the script.

Otherwise its everyone for themselves in a globalized world.

ostritch
Member
ostritch

I’m pretty sure Trump’s gonna be more of the same. Just focused on his family and the interests of Trump Inc. See his great improvement of the Scottish coastline and how his promises panned out there.

Combat roach
Guest
Combat roach

Right now a huge volume of locusts is outside frantically shopping. Even Prada at Thurlow@Alberni is packed, Nordstrom and Holt too. Most of them are uniformly dressed like people’s army in the Canada Goose Arctic Jackets on this relatively warm day what probably indicates the latest fashion trend among locust herd.

bullwhip29
Guest
bullwhip29

the Cda Goose thing is old news now. the co isnt even Cdn owned anymore. once they do their IPO the brand will become just another North Face and you’ll be able to buy some garment with that iconic logo in every strip mall across north america,

Combat roach
Guest
Combat roach

Of course, I would never suggest that locust could have style and be a cool, given the endemic lack of esthetics and notoriously poor taste. Just look at all those mansions that FUBARed the neighbourhoods or nicely designed German cars that instantly got ruined when the superstitious amulet crap get hang up on the mirror as soon as car leave a dealership.

space889
Member
space889

Because there can only ever be 1 right fashion in the world. Just like there can only be one right God.

bullwhip29
Guest
bullwhip29

re. Requalification?

some sort of a requalification process is done at Cdn Western bank. not sure about the other banks. this said, the amount of business they do is a drop in the bucket though and I wouldnt be surprised if they simply pulled out of the market altogether. the million dollar question remains, what will rates be in 3,4,5… years from now?

bullwhip29
Guest
bullwhip29

Road rage incident leads to police takedown in Vancouver
http://globalnews.ca/news/3089633/road-rage-incident-leads-to-police-takedown-in-vancouver/

>>> more fun and games in what many say is the best place on earth…whatever

HAMster
Guest
HAMster

The person who probably knowingly made the initial fake gun report should be charged with making a false police report. This incident tied up valuable police resources and snarled traffic and put the public at risk. All caused over a butt-hurt parking spot dispute. Typical Vancouver insanity.

Just me
Guest
Just me

Clearly, the chinese government is not trying hard enough to stem the illicit flow of money. See articles below. It’s like trying to stop a river: you need a big dam. They are either unable or unwilling to build one. Hence we should build our own dams to restrain the flood.

“Foreigners pile back into Australian property, reigniting bubble fears”

http://www.watoday.com.au/business/the-economy/foreigners-pile-back-into-australian-property-reigniting-bubble-fears-20161124-gsx97i.html

“China Issuing ‘Strict Controls’ on Overseas Investment Government to announce new measures intended to curb capital flight”

http://www.wsj.com/articles/china-issuing-strict-controls-on-overseas-investment-1480071529

ostritch
Member
ostritch

They are there because there is now momentum in the Sydney market. Beware. Once our market bottoms and stabilizes they will be back here too.

squeak
Member
squeak

I have no doubt about that either, unless, we get a government that works for the people and this country’s future and well being.

I would like to see Canadians vote accordingly for the sake of their great grand children, when the current generation is long gone ( and could not take a penny with them into the grave, but may wonder in their last few hours how their grandchildren will fare in the country they created through greed voting.)

Each person should think that their vote is a 100,000 dollar bill, it is worth something, spend it wisely, really think hard how you want it spent, consider your childrens future.

Maybe we need a new party that want only well for Canada and true Canadians. Time for fresh blood?

paulb
Member
Active Member

New
78
Price Change
42
Sold
99

TI:9151

http://www.paulboenisch.com

Newcomer
Member
Newcomer

Nobody feels any urgency to get out.

YVR
Guest
YVR

It is a few days before December and within a month of christmas. The fact there are any new listing shows desperation.

Newcomer
Member
Newcomer

No, it doesn’t’

Oh oh
Guest
Oh oh

They will come Jan 2 when bills roll in and new listings surge. …nobody wanna sell before xmas. ..gonna be a sad January

Just me
Guest
Just me

It looks more and more like Australia a few months back. It took them just a few short months to find ways around the new restrictions. See article above.

Combat roach
Guest
Combat roach

Abstract, it works the same way

Pesticide resistance describes the decreased susceptibility of a pest population to a pesticide that was previously effective at controlling the pest. Pest species evolve pesticide resistance via natural selection: the most resistant specimens survive and pass on their genetic traits to their offspring.

https://en.m.wikipedia.org/wiki/Pesticide_resistance

Shut It Down Already
Guest
Shut It Down Already

Pipe down, Adolf.

Combat roach
Guest
Combat roach

When the shitbucket tries to be witty, pathetic…

space889
Member
space889

Nobody gives a shit what you think.

Best place on meth
Guest
Best place on meth

Get back on the floor, that dim sum isn’t going to serve itself!

And you’re right, nobody gives a shit what the traitor thinks.

ostritch
Member
ostritch

Whaaaaa? You mean Meth and Roach aren’t the same person?

Confucius
Guest
Confucius

It looks like the actions taken in Vancouver and London caused Chinese investors to focus on Australia.

patriotz
Member

“It looks more and more like Australia a few months back.”

Well you could say that, in fact the last thing Oz wants is for Chinese investment in RE to be cut back as their economy is increasingly dependent on it since commodities have tanked.

Governments everywhere know perfectly well how to stop foreign speculation in RE. But to prevent loopholes, policies would have to apply equally to domestic owners – including people who expect their house to fund their retirement. That’s why it doesn’t happen.

Just me
Guest
Just me

Sad but true.
Politicians are not on our side. And the BC libs are the worst..
I expect chinese investment to resume in the spring, full swing. Unless we elect someone willing to pay the price to stop it.

ostritch
Member
ostritch

I think the market has further to fall creating an opportunity for whomever on his site wants to buy. Cynically, I think Chrusty will hold. Win the election and take the temperature of our market, US interest rates and then adjust the tax down. Should the NDP win, I expect they will do the same just slower and sneakier

Oracle
Guest
Oracle

8K party coming again

Valley detached apparently again on fire .

Billybonger
Guest
Billybonger

The urgency to get out will happen ‘all at once’.

This Erie calm before the storm is just that.

Calm before the storm.

Financial conditions are tightening again on Nov 30th. Sure, pre approvals rising to get in, and future sellers hoping fort a hot spring market, all abound.

This decline will likely last years, we are at the top of the second inning.

space889
Member
space889

I see hope springs eternal with you bears…I guess Pavlov conditioning don’t work with you guys.

Newcomer
Member
Newcomer

The expectation that the basic principles of economic will eventually assert themselves is hard to extinguish in those who have studied them.

Confucius
Guest
Confucius

Exactly. With prices way beyond fundamental value, they always return to fair market value. This return appears to be in motion now. You may have been well ahead but if you didn’t strap on your seatbelt before the crash, you’re dead.

ostritch
Member
ostritch

I agree. You just have to add in globalization. The market will settle at the baseline of local incomes + interest rates + migration + global investment. The first factor being only part of the formula. Time will tell what that baseline is.

Polozi Scheme
Guest
Polozi Scheme

500 more people under investigation for falsely obtaining permanent residency and Canadian citizenship

http://www.cbc.ca/beta/news/investigates/clients-of-convicted-immigration-consultant-facing-deportation-for-lying-1.3868330

Just me
Guest
Just me

You are obviously racust to post this. These poor innocent people, victimized for the color of their skin.
One of them claimed hardship, because deportation would separate him from his wife and kids. (Never mind thst he willingly chose to keep living and working in China fir the oast sux years!)
Racism, right?

Shut It Down Already
Guest
Shut It Down Already

Uh oh, somebody doesn’t get it. It’s not racist to post a news article. But it is racist to use racial slurs like a few fuckwits here do repeatedly.

Just me
Guest
Just me

And the lawyer even said that the rich chinese guy who ran away on the SUV should be welcome, because he contributed to the economy by buying property.
Oh the irony of it all!

They should be sent back to where they came from.

Best place on meth
Guest
Best place on meth

Despite his prolonged absences in the past, Lin says being forced to return to China will unfairly separate him from his wife and children.

“[My] family members are all in Canada,” he told CBC News outside his hearing, “So me alone in China, this is a hardship”.

Simple solution, sell the house and move the female locust and baby locust back to your shithole of origin.

We need to clean house and get rid of the scum.

Combat roach
Guest
Combat roach

Shitbucket, have you thought about running some free workshops on racism, money laundering, RE investment and speculation? Maybe you can get Bobby Renie and couple more realtors or developers to sponsor you?

space889
Member
space889

What do you contribute to society beside hate and waste of resources? Maybe you should just relieve yourself from your suffering and that would actually be a net benefit since you would stop breathing out CO2.

Best place on meth
Guest
Best place on meth

I’d rather you kill yourself.

Shut It Down Already
Guest
Shut It Down Already

He contributes $1400/month to his landlord.

nom nom nom
Guest
nom nom nom

Pot, meet Kettle

Confucius
Guest
Confucius

Black Friday Lives Matter!

Best place on meth
Guest
Best place on meth

#chicomlivesdontmatter

Best place on meth
Guest
Best place on meth

“Uh oh, somebody doesn’t get it.”

That would be you, traitorous shitstain.

Nobody cares what you and your scummy ilk think is racist, the point is we’re happily mocking you and the rest of you PC bitches for your whiney race baiting.

You’re too fucking stupid to realize that calling people racists is pointless, nobody cares.

Now go hold hands with your lover space and take that final leap.

Shut It Down Already
Guest
Shut It Down Already

Notice you’re getting fewer up votes these days?

Canadians are tolerant of everybody but ignorant racists.

Combat roach
Guest
Combat roach

Cheap shit, cheap…

Best place on meth
Guest
Best place on meth

Notice you’re still getting close to zero?

xyz
Guest
xyz

FFFA and so few posts…..must be Black Friday.

Oracle
Guest
Oracle

These racist discussions have to be stopped here. Admin?

Focus on immigration policies made by your politicians.

If it doesn’t stop, expect to have the name subscribing to the IP published here. 😉 This site. is as open as they come on the internet

Polozi Scheme
Guest
Polozi Scheme

We are way past race, language, ethnicity now (and gender). It’s all about nationality and economics as it should be. Equality and fairness.

Just me
Guest
Just me

I agree. This is not about race, it never was. This is about letting a group of corrupt millionaires behave as if anything is allowed to them. They are eroding trust in our rule of law system.

Diadora
Guest
Diadora

Agreed. It doesn’t matter if they are Americans, British or Chinese, this group of millionaire has not paid their share of taxes and had been lying and living in luxury on the backs of hard working Canadians. Send them all back, including their family, we don’t want garbage like these.

space889
Member
space889

What a surprise, a bunch of racist don’t think they are racist for stereotyping and promoting the views and believes that a billion people are insects, locust, and all scummy criminals.

Combat roach
Guest
Combat roach

Idiot, not all but lots of them as you already know.

Wizard Sleeves
Guest
Wizard Sleeves

The fact that you say “your politicians” shows you haven’t integrated into society in your mind. You’re the problem, racist.

Oracle
Guest
Oracle

Miss the message again and point out a word meant for emphasis.

Emphasis. Can we all just get along and disagree?

Oracle
Guest
Oracle

And the IP BS. It’s just that. BS after a few drinks.

But the point remains, If you’re against the Chinese “invasion”, change it with immigration policies. Don’t attack the entire group whatever their collective values are.

Hyper-mega-Bull
Member
Hyper-mega-Bull
patriotz
Member

Headline doesn’t match the article, which points out that the trend to moving manufacturing out of China has been underway for some time. The US accounts for 18% of China’s exports. That’s a lot of course, but nothing the US does is going to affect the rest.

I don’t think Trump is going to follow through with a tariff increase on China, at least to the degree talked about. First it’s simply a tax on people who voted for him (i.e. people who shop at Walmart), and China would hit back at US exporters.

patriotz
Member
xyz
Guest
xyz

How much actual manual labour goes into a lot of these products…..it might not take that much to tip the balance…..lower corp taxes etc.

patriotz
Member

Ireland has about the lowest corporate taxes going and they haven’t attracted any manufacturers of consumer goods. There’s been a lot written about what they have attracted.

Diadora
Guest
Diadora

More immigration fraud cases:
Class-action suit filed over $11.9 million Chinese immigration case
http://vancouversun.com/news/local-news/class-action-suit-filed-over-11-9-million-chinese-immigration-case
When is this going to end?

ostritch
Member
ostritch

Have you ever considered what the reaction will be if we enter an inflationary period thanks to Trump or any other reason? I believe the overseas Chinese will tell you that hard assets like real estate are the only safe haven.

Royce McCutcheon
Member
Royce McCutcheon

I think it’s worth attaching the caveat that owning those hard assets free and clear of debt is pretty important, no?

patriotz
Member

The great Vancouver RE bust of the early 1980’s took place during a time of historically high inflation. People were willing to pay such high prices at the top in the belief that continued inflation would take them higher. It didn’t.

Sellnoworbepricedin4evah
Guest
Sellnoworbepricedin4evah
Oracle
Guest
Oracle

Here is an example of establishments Power:

Mentioned in a tweet that Economist mag is owned by the Rothschilds. Now can’t access their website from that device. Lol

Newcomer
Member
Newcomer

See a doctor.

history
Guest
history

which kind?

Newcomer
Member
Newcomer

The kind that gives out meds for paranoiac ideation.

space889
Member
space889

Well at least there is some hope for him. Unlike team BPOM whose only solution is probably either 22 grams of lead or some appleseeds.

Best place on meth
Guest
Best place on meth

Try the carfentanyl.

It’s your wonderful country’s finest product.

Let us know how it was.

tedeastside
Member
tedeastside

Haven’t been to vancouver for a while. is it nice weather?? . everybody wants to live there right.

Shut It Down Already
Guest
Shut It Down Already

Probably, since the election.

Best place on meth
Guest
Best place on meth

I don’t recall a 24 hour period without rain since September.

Yellow Beaver
Guest
Yellow Beaver

There were a couple of sunny days in November. November 1984

Oh NO
Guest
Oh NO

free water all day n night

tedeastside
Member
tedeastside

heard its pretty warm in the best place on earth. rich people all want to be there, forget Coconut Grove or Orange County.

No Money Down
Member
No Money Down

Ted we’ve missed you!

chilled
Member
chilled

Ted’s a legend, always able to call it for what it is AND willing to put his name on it!! #DoneRight

Newcomer
Member
Newcomer
Oh NO
Guest
Oh NO

re 4405 Sophia sold spring 2330000 plus gst plus ptt equal 2494400, and was listed last week for 2.588 //// did it sell?

Just me
Guest
Just me

2.6mills on Sophia street? Thus is a bubble, no matter what people say.

Midnight toker
Guest
Midnight toker

Might buy another Mercedes soon.

How are condos doing these days? Getting cheaper at all?

Midnight toker
Guest
Midnight toker

Also, can we take a break on the trolling? I don’t need to scroll past a hundred posts from space, Bpom, etc. You just are just jerking each other off virtually.

Loon
Guest
Loon

Amen.

Just me
Guest
Just me

This article presents a beautiful analogy when it comes to Chinese financial flows:

https://www.bloomberg.com/news/articles/2016-11-27/these-charts-show-how-china-s-ball-of-money-is-rolling-back-to-commodities

“In China, money flow is tightly controlled and capital markets are relatively underdeveloped, meaning the economy works like squeezing a balloon.

You press it in one place, and it bulges in another. Policy-maker moves to cool one expansion only serve to inflate another.”

We are in such trouble in the world after China woke up from its hibernation. These guys have no idea of how markets work, they seem to think that all you need is ever-lasting bubles, riding one after the other.

HAMster
Guest
HAMster

The western central banks also love bubbles to bail out their economies. It works – for awhile.

southseacompany
Member
southseacompany

“What Happens if Young People Never Buy Homes?”, VICE Canada

http://www.vice.com/en_ca/read/what-would-happen-to-the-economy-if-young-people-never-buy-homes

“VICE asked two experts—Paul Kershaw, a policy professor in the UBC School of Population and Moshe Milevsky, a professor of finance in the Schulich School of Business at York University—to weigh in on what would happen in the aftermath if millennials simply stopped buying houses. While it may not turn out to be the final straw that collapses the world economy, they told us it certainly won’t make life any easier for our generation.”

chilled
Member
chilled

“What Happens if Young People Never Buy Homes?”, VICE Canada +++++++++++++++++++++++++++++++++
Answer; There’s a family from Bangladesh with 16 brothers and sisters, parents and grandparents and a couple dozen cousins that will gladly take your place. What a fucking stupid article for the politically correct minions who can’t see the forest for the trees.

Lol millennials
Guest
Lol millennials

They pay rent for the rest of their lives and die with nothing.

HAMster
Guest
HAMster

Ignorant comment. There are many ways to amass wealth besides real estate.

space889
Member
space889

That’s why most people become wealthy without real estate right?

YLTNboomerang
Member

Dying with nothing, isn’t that the goal as last I heard you couldn’t take it with you…

Oracle
Guest
Oracle

So true. Leave nothing for their kids and kids are behind in life in relation to their peers.

Moronic thinking.

YLTNboomerang
Member

Not every one has kids moron!

Diadora
Guest
Diadora

Mainland Chinese are on a suing tear. First, Michael Ching is suing the Canadian gov for not granting him citizenship. Secondly; Chinese are suing Canada for getting rid of IIP. Thirdly; student is suing BC gov for foreigner tax on RE. fourthly; failed immigrants are suing their immigration co/lawyer for fraud and misrepresentation. Anyone noticed more cases?

patriotz
Member

” Secondly; Chinese are suing Canada for getting rid of IIP.”

That suit was dismissed some months ago and it was discussed in the forum at the time. The other suits against the government will have the same outcome IMHO.

YLTNboomerang
Member

It must be a novelty for them to have a justice system that seeks truth and fairness instead of party interests.

bullwhip29
Guest
bullwhip29

full steam ahead at Michael Ching’s Intl Trade Centre in Richmond, however…

I also wouldn’t be the least bit surprised if Krusty and the BC Libs lose class action re. foreign tax or she cuts a deal in advance to save face

patriotz
Member

You have it backwards. Cutting a deal with the complainants would be a loss of face, as it would seen by the voters to be caving in to foreign interests. On the other hand, if the government loses in court, Christy can claim she tried but was thwarted by the federally appointed judiciary.

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