Friday Free-for-all! December 16th 2016

It’s the end of another work week and that means it’s time for another Friday free-for-all!

This 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:

Homes so pricey gov will chip in to help
FAQs about fat family debt
prices slide in YVR up in Toronto
Looks like Vancouvers bubble has burst
What benefits to new loans program?
Bush downpayment act of 2003
How a US rate hike will affect Canadians

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
Polozi Scheme
Guest
Polozi Scheme

The reason why Vancouver RE prices are insane is demand is too high. Those who agree with me say the solution is to increase supply. Have you tried to travel around Vancouver City lately? Population is too high! The solution to our problem is to reduce demand. Yet Krusty just increased demand. Reduce demand, reduce population! Hello Feds Justin Trudeau. Fuck!!!!!

patriotz
Member

You don’t have to reduce population to reduce demand. You just have to reduce the number of people willing and able to buy at current prices. That’s what demand is.

Oracle
Guest
Oracle

The resident immigration official in Ottawa at the propaganda again. Sigh!

Why does Canada have to accept 3X the number of immigrants as do the USA and Britain?

Briitain just passed legislation saying foreign student intake will be reduced to a 1/4 th the rate of ours.

Newcomer
Member
Newcomer

Because:
1) We need it. US and Canadian population growth rates are the same (about 1%) only because Canada uses immigration to make up for its low fertility rate. Both countries economies require population growth and would be in deep trouble if the rate of growth fell.
2) We want it. Immigration keeps Canada competitive, innovative and interesting.
3) It’s the right thing to do. Sharing and cooperation are the very best of human practices.

chilled
Member
chilled

Complete and utter bullshit. Keep drinking the politically correct Koolaid. This fucking lie has been foisted upon us for the last 30 years.

Newcomer
Member
Newcomer

OK. Perhaps you are right.
3) is a subjective moral argument. I know that not everyone sees it that way.
2) is an area where people can make arguments in both directions and so it’s hard to reach a satisfactory conclusion.
1) is much harder to disagree with. Perhaps you could do some research and, if you find any data that contradict it, you could share them here.

space889
Member
space889

So basically only some people should be allowed to buy? Ideally bears at very low prices because they are the only ones worth to own a home in Vancouver? Everyone else is just too dumb, too greedy, too irresponsible, or too shady & crooked to be allowed home ownership?

Sounds pretty high and mighty of you.

Bear Vancouverite
Member
Bear Vancouverite

Anyone is allowed to buy, but they should do it with money they legally earn and save on their own and after paying their fare share of taxes.

Newcomer
Member
Newcomer

Yup.

space889
Member
space889

Right, it’s China’s fault that they don’t use the exact same tax system as Canada, and tax things like capital gains, bank account interest, RE gains, etc.

Oh yeah, also 3 decades of 10%+/yr growth, and an epic RE growth/bubble that made lot of middle class people asset millionaires. Those evil commies.

Dan
Guest

Fu u slant-eyed prick.

Shut It Down Already
Guest
Shut It Down Already

Please ban this racist douche.

Bear Vancouverite
Member
Bear Vancouverite
I don’t see what anything you’re saying has to do with my post. I was pointing out that locals of any income level should be free to buy with after tax income, but that they should do so with their own money instead of getting some sort of tax funded loan. But since you bring up the topic of foreign wealth (whether legal or not) and asset millionaires from outside Canada, I’ll take this opportunity to express my support for limiting such wealth from distorting our housing market. I would very much welcome such wealth be into many other investments here: – VC and seed capital to incubate innovative businesses – R&D in health care, IT, green tech, aerospace – development of commercial properties (hotels, office buildings, warehouses, manufacturing etc). I’m against foreign owners owning any land at all, and… Read more »
space889
Member
space889
So basically you are saying: 1 – It is ok if we do it to others, but heaven forbid if the situation were reverse, we need to banned it for the good of our children. Seems to be pretty hypocritical and selfish to me. Also, need I remind you that vast buyers are locals, not actual foreigners. Vast majority of foreign buyers tend to be foreign workers here on various visas hired by local companies for jobs, and most of them are US citizens. 2 – You are also proposing banning foreign ownership as a solution which means basically banning foreign ownership of any companies like REITs, Brookfields, etc. Doable but not really advised. 3 – So if a local owner of freehold land sells to foreigner, it becomes leasehold. So that means gov’t basically get the land for free?… Read more »
Bear Vancouverite
Member
Bear Vancouverite
1) I’m not condoning us doing it to others, but I’m not going to let the fact that some Canadians do it to other countries tie my hands when it comes to policy to help our local housing. I don’t have any bias as to the source, location, race, or colour of the people behind the foreign money. If its foreign, we need to stop it from distorting our residential real estate. So don’t think that US foreigners hired to work locally get a pass from me. Btw I think its fine for incoming foreign workers on Visas to rent or buy leasehold properties to live in. Once they become Citizens they are welcome to buy a place to live in. 2) I’m not proposing the ban as a solution, it’s a part of a series of policies that need… Read more »
YVR
Guest
YVR

Actually by increasing density you can decrease the need to travel around. Take downtown Vancouver as an example. Easy to get around and if you live and work there no need to travel around. Most of Vancouver proper is still zoned for the SFH and requires you to drive.

space889
Member
space889

Exactly. If CoV is actually serious about home affordability, they should enact policies that increase supply. Like instead of max 12 floors buildings along Cambie or OMG TH only complexes on a city block right next Cambie, they should demand minimum 3 or 4 25/30+ floor condo towers + mid rise + low rise/TH on a city block redevelopment, with minimum number 2br & 3br units.

Bear Vancouverite
Member
Bear Vancouverite

Coming from someone who supports the right increases in density, I have to say that building for the sake of building makes no sense. I don’t see why 12 floor buildings are a big problem. City planning along the Cambie corridor is already allowing very aggressive density targets.

I do agree that the city needs to mandate larger ratios of 2BR and especially 3BR units. All these small 1BR “investor pads” are worthless as far as helping with much needed supply. Of course, the reaso developers don’t build these is because they are so much harder to sell due to cost and because investors prefer smaller units. To make 3BR sell we need a major repricing per sq ft (closer to $500/sq ft, or preferably around $400/sq ft).

space889
Member
space889

How would that happen if supply don’t exceed demand?
If foreigners or foreign capital want to overpay for our condo, why not?
Lastly, do we have a housing glut in Vancouver with the 0.6% capacity?
The Cambie corridor density target may be aggressive to the local homeowners who want to retain SFH low density. It is not aggressive in any sense of the word. What I proposed could be considered aggressive.

Bear Vancouverite
Member
Bear Vancouverite

Supply will meet demand when we enact policies to reduce unnatural demand (ie speculators and “investors”).

Newcomer
Member
Newcomer

As compared to any major city, the population of Vancouver is tiny and the density is absurdly low. Population growth for the city, the region and the province are all at historic lows, and well bellow the national average.

chilled
Member
chilled

So Sherlock, explain to us why we need to turn Vancouver into the place everyone else is trying to get away from?

Newcomer
Member
Newcomer

I’m sorry, I don’t understand your question. Could you rephrase it?

Bear Vancouverite
Member
Bear Vancouverite

If we don’t build for density then prices will just keep going up. I personally believe we should build for smart density and also allow sprawl, and invest in trying to develop the business/economic growth of the outer cities (Surrey,Coquitlam, etc) so that not everyone has to commute in order to get to work.

Newcomer
Member
Newcomer

I don’t think there is a very strong a correlation between prices and density. We see insane prices amid very low densities in the suburbs and even in completely outlying communities that are well beyond commuting distance. If you were to plot price increase against density, you would only see a very weak correlation, if any at all.

There is no reason why prices should not fall with the same density and very little reason to think that increasing density would significantly lower prices. For practical purposes, in the case of metro Vancouver, the two are essentially unrelated.

Don’t get me wrong, I’d like to see more density. And I do believe that more development could impact rents (assuming that owners were willing to rent). I just don’t think it has anything to do with sales prices.

Bear Vancouverite
Member
Bear Vancouverite
I believe well planned density is a needed supply side lever to our housing issues. You can’t just keep building out in Coquitlam and Surrey to relieve price pressure in Vancouver because most people want to live closer to work. I know charts will show that supply has kept up with population growth but those tend to look at overall supply. I’m pretty sure we’re very low on 2BR and 3BR new builds relative to the demand and future need of such units, while we’re overbuilding 1BR and bachelor pads. Those charts just give us a false sense of security that we’re building enough to meet supply. Just as importantly, up until now I would argue that supply side efforts fail because (as Patriotz would put it) there are too many policies incentivizing investors/speculative owners . Since the introduction of… Read more »
Newcomer
Member
Newcomer

I don’t disagree but I think that price movement (either up or down) and speculation (both appreciative and depreciative) will drown out the influence of supply for quite some time to come. Long term, multi-family building should be being built in every neighborhood and the ALR should be scrapped. But in the short term the ALR will not be scrapped and zoning changes will be less important than market forces (though possibly not less important than government forces).

Best place on meth
Guest
Best place on meth

Of all the dumb ideas Krusty has come up with, this one is by far the most desperate, the most hare brained, and the most obviously cynical.

CKNW is already preparing an afternoon slot for her return.

Bag it and tag it
Member
Bag it and tag it

Will be interesting to see what this does to her approvals rating. I say it goes down.
Interesting to note that this down payment loan only qualifies for high leverage CMHC insured mortgages. CMHC rule is you’re not allowed to borrow your DP, so they could essentially block it if they wanted, unless CMHC gave their approval which wouldn’t surprise me considering the recent words of their leader…

bullwhip29
Guest
bullwhip29

it also wouldnt surprise me if they block it. for that matter it wouldnt surprise me if the bc govt loses their class action case re. foreign taxand are forced to roll back the tax and provide compensation to all the buyers (but not the sellers of course)

as i said yesterday, this could very well blow up in her face
http://vancouvercondo.info/2016/12/can-we-fix-affordability-with-more-debt.html#comment-289244

scoop
Member
scoop

It’s permitted within current CMHC rules. This will be considered a “non-traditional down payment” source for CMHC purposes, which is allowed on 90-95% LTV mortgages. However the CMHC fees are 15 bps higher when you use a non-traditional down payment, so part of the interest savings to the borrower is lost up front to higher insurance fees.

https://www.cmhc-schl.gc.ca/en/hoficlincl/moloin/hopr/upload/CMHC_Quick_Reference.pdf

What would be hilarious is if the feds/CMHC changed their rules to disallow non-traditional down payments. This would be in line with Evan Siddall’s recent comments.

space889
Member
space889

Right, because gov’t should only ever enact policies that you approve of, which help you personally, which in this case is crush the RE market so you can buy a nice SFH on the cheap, while enjoying the misery of all those moronic homeowners who didn’t take your advice.

bullwhip29
Guest
bullwhip29

Interesting article…maybe not new but lots of moving parts here and a peak into life in d/t vancouver in not too distant future

Oceanwide breaks ground for SF’s second-tallest building
http://usa.chinadaily.com.cn/world/2016-12/10/content_27628602.htm

>>> this co trying to acquire Genworth Financial, the parent co of Genworth MI Cda
>>> co founded by another wealthy tycoon with links to the govt/communist party
>>> co chairman also directly linked to China Minshing Bank who lists Anbang Insurance as its largest shareholder

fomostyle
Guest
fomostyle

Distant future? Holburn Group, Trump Tower.

bullwhip29
Guest
bullwhip29

try bentall center towers and possibly other mega projects yet to be announced

fomostyle
Guest
fomostyle

Sure. And the mixed use buildings are a good idea no matter who is behind them. Vancouver cannot support entire office buildings. This is a good answer.
Vancouver is never going back to being in the 1970s. Neither is Seattle or LA or SF. :(.

bullwhip29
Guest
bullwhip29

chinese financial co’s and other conglomerates will end up using all this office space and some of it will get rezoned

fomostyle
Guest
fomostyle

Doubtful. Chinese do very little biz here (other than RE)

bullwhip29
Guest
bullwhip29

anbang planning to establish large presence here. clients will then be able to access “investment” portfolios outside of china

YVR
Guest
YVR

“Distant future? Holburn Group, Trump Tower.”

Before Holburn bought the land and built Trump tower it was a vacant lot with a partially built abandoned structure. Are we better off with that or the added supply of condos and hotel rooms?

fomostyle
Guest
fomostyle

Yup. I was just makng the point that this is now, not the future.

patriotz
Member

Holburn is based in Malaysia. Not much chance of them building a Trump Tower back home I would think. 🙂

YVR
Guest
YVR

Who cares who finances and builds or owns office rental buildings. This if anything increases supply and brings prices down. Very different from people buying a SFH or condo to leave empty or even immigration where it takes supply out of the market.

bullwhip29
Guest
bullwhip29

as you’d all expect, Zero Hedge chimes in…

Vancouver Goes For Housing Bubble #2: Will Fund Home Down Payments With Interest-Free Loans
http://www.zerohedge.com/news/2016-12-16/vancouver-goes-housing-bubble-2-will-fund-down-payments-interest-free-loans

Bag it and tag it
Member
Bag it and tag it

I’m just glad they’re spreading the word about the kind of twit Krusty is

patriotz
Member

“Vancouver Goes For Housing Bubble #2: Will Fund Home Down Payments With Interest-Free Loans”

These clowns can’t even get the headline right.

Newcomer
Member
Newcomer

What’s wrong with the headline?

bullwhip29
Guest
bullwhip29

sister in law (mortgage underwriter at big 5 bank) telling me a parent will be able to put their name on title (for 1% interest) for the purposes of getting mortgage application pre-approved for child and that the child will still qualify for BC loan too

YVR
Guest
YVR

Not if their income brings the combined income of everyone on title to over $150k or if they have owned a property at any time in the past.

fomostyle
Guest
fomostyle

What about retired patent. So low income. I think we will see a lot of this. Parents will want to get their kids that ” free ” money

bullwhip29
Guest
bullwhip29

yes, income requirement has to be met, however, child would indeed qualify for BC loan even if:
– parent’s name on title
– child has no income
– other portion of DP is gifted
-. parents own RE themselves

currently many “parents” are exploiting FTB land transfer tax exemption by registering as only 1% owner (thereby only paying LTT on the 1%)

bullwhip29
Guest
bullwhip29

and there’s more…

she also told me whack load of buyers of presales that haven’t completed yet will be signing up too

Bear Vancouverite
Member
Bear Vancouverite

This might be exactly why Christy did it. Developers were panicking that presales won’t close because mortgage qualifications would be so different in the next few years, they need to dangle a carrot to make sure speculators don’t just walk away and first time buyers can be convinced to take over presales from flippers.

Hyper-mega-Bull
Member
Hyper-mega-Bull

is it just me or is local media very critical of clark’s loan?

YVR
Guest
YVR

This one is universally hated. It will cost the BC Liberals votes. People do not like their tax dollars going to first time home buyers (actually developers) and everyone understands it is counter productive to affordability anyway. Bad policy all around. I hope the NDP has the balls to announce they will halt the program if elected.

space889
Member
space889

You mean like how they announced that they were against the pipeline in the last election and promptly lost the election?

I love to see NDP announce that they will cancel the program, and maybe even call in the loans. That’s will win them the election for sure! NOT!

chilled
Member
chilled

The BCNDP has already lost the election by suggesting they will halt Site C

dan
Guest
dan

fu u slanteyed prick

fomostyle
Guest
fomostyle
david
Guest
david

Relative to basic economic theory, this new program is financially wasteful, socially destructive, and utterly misguided.

Relative to BC electoral politics, it could turn out to be pure genius.

Hyper-mega-Bull
Member
Hyper-mega-Bull

that’s what i’m thinking. it takes more than one logical step to explain why it’s bad using economic/financial arguments which is to complex for the average person who isn’t really paying attention to things.

Royce McCutcheon
Member
Royce McCutcheon

Yup. Pandering like this has been proven to pay electoral dividends, particularly of late it feels like.

Seems like a lot of politicians are effectively acting like Homer when he was running to be sanitation commissioner. When it all goes to hell later: “They let me sign checks with a stamp, Marge. A stamp!”

Bear Vancouverite
Member
Bear Vancouverite

I’ve already seen comments by millenials who are excited by this. They do believe this improves “affordability” and think that Christy is doing something for them.

Considering financial literacy is so low in the general population I’m pretty sure a lot of people will believe this is the Liberals doing something for them.

Hyper-mega-Bull
Member
Hyper-mega-Bull
space889
Member
space889

And hand it back to US on Trump’s inauguration date as a present? 🙂

All neatly disassembled and packaged off course.

Bag it and tag it
Member
Bag it and tag it

More than likely, all the parts/components were made in China anyway.

chilled
Member
chilled

They probably deep fried it for two hours before realizing what it was.

Best place on meth
Guest
Best place on meth

Why is this squid so chewey, said the chinamen.

space889
Member
space889

says the brain damaged white devil.

xyz
Guest
xyz

China is the immature little man-child with blonde downy pubic hair trying to impress the grown-ups.

Best place on meth
Guest
Best place on meth

Americans should have called in air strikes and killed every chinaman on that ship.

space889
Member
space889

BPOM, the big talker, the guy who wants others to do all the work for him, and wonders why he isn’t successful and owns a nice SFH. Look in the mirror buddy. People like you will never be successful.

Best place on meth
Guest
Best place on meth

Space, if the war with china starts as I hope it will, I will volunteer in any way I can to help wipe them out.

I will especially come looking for sympathizers to the motherland who are living amongst us.

You will not be happy to meet me.

oh la la
Guest
oh la la

lol if they did, now you wouldnt be typing here. NA will be gone.

space889
Member
space889

Projecting much? I guess that’s all poor bears have left. Project their hate, inadequacy, and complete utter useless to others.

oh la la
Guest
oh la la

What was that drone doing in Chinese waters anyways at first place? Biology students studying marine life? haha. OR Spying on submarine routes? Like Russians did around Canada? Funny thing is we only found out about it after like 30 years? haha.

scoop
Member
scoop

Definition of “teaser loan” from investopedia: An adjustable-rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years. Teaser loans try to entice borrowers by offering an artificially low rate and small down payments, claiming that borrowers should be able to refinance before the increases occur.

http://www.investopedia.com/terms/t/teaser-loan.asp

Let’s all call start calling this new program what it is: Christy’s Teaser Loan Program.

southseacompany
Member
southseacompany

‘Loans for Vancouver Down Payments Risk Fueling Canada’s Debt Binge”, Bloomberg

https://www.bloomberg.com/news/articles/2016-12-16/loans-for-vancouver-down-payments-risk-fueling-canada-debt-binge

“A Canadian province has an unusual offer for first-time buyers struggling to enter one of the world’s hottest property markets — a cheap loan to bulk up their down payment.”

“It’s a gift that may end up fueling a Canadian debt binge and padding the pockets of sellers instead.”

southseacompany
Member
southseacompany
space889
Member
space889
Christy Clark is a fing political genius. NDP can rage and bitch, which they aren’t for some reason. In the end CC has a good chance to win the next provincial election while NDP will slide into more obscurity, until people don’t even realize there is another mainstream party in BC beside BC Libs. Despite what the bears may wish, world don’t operate to your whims and hasn’t for decades. Those long term holdouts? Yeah, I’m looking at you BPOM. Guess what? You hold out for 10 years now. Most of people of your age / grad class has bought! They have no sympathy for you. You can have bought at any time in the last decade but you didn’t. You got no one to blame but yourself. This program will be popular with young people wanting to buy. It… Read more »
Oracle
Guest
Oracle

That’s cause the NDP are too politically correct and have been infiltrated by corporate interests.

Christy gonna win again unfortunately.

Bear Vancouverite
Member
Bear Vancouverite

Sadly, the only chance the NDP had was if David Eby was the leader and kept pushing the housing issue. Many Vancouverites and people near Vancouver will vote based on this issue. I feel like John Horgan is just the wrong guy at the wrong time. Older, with older thinking, and out of touch with what people want.

By contrast, David is smart, is often quoted and seen in the news, seems not to have earned the ire of wealthy homeowners (he does represent Point Grey afterall), and can appeal to the younger voting demographic.

It seems strange to me that the Liberals put so much effort into the housing (and economy) file while the NDP, aside from David, has largely been incompetent in identifying the ways to win points on these issues.

patriotz
Member

Eby is the NDP housing critic. It’s his job to present the NDP’s position on housing. It’s Horgan’s position and the whole party’s position, not Eby’s personal position.

I also think your point of view is very Vancouver centric. To a lot of people elsewhere, Eby is exactly the kind of person they don’t want as the next premier – another latte drinker from the big city. The last premier BC elected who was from outside Metro Van was Bill Bennett, who left office 30 years ago.

Bear Vancouverite
Member
Bear Vancouverite
The point is Christy is seen by her supporters as making efforts on the housing file and talks about it as part of their party’e platform. Horgan rarely gets any news coverage at all and when he does it’s not about housing, so he is rarely seen talking about this important issue. This gives a distinct impression that the NDP care a lot less about housing than they should. Horgan also comes across as a stuffy old guy with no charisma. I disagree that Eby will be seen as a latte drinker from the big city. If you watch him speak and if you exchange mail with him (as I have) you’ll see he’s an intelligent and engaged speaker and highly charismatic, traits that matter a lot as the face of a sometimes unpopular party. I honestly can’t see millenials… Read more »
Newcomer
Member
Newcomer

I’m not a fan of the NDP, but I would vote for them if it would help change the government (it won’t because my riding has gone NDP since the 20s, anyway).

Best place on meth
Guest
Best place on meth

Ooh….burn!

Another brilliant tic for tac by the enraged chinaman.

Please, go ahead and predict a sure victory for the sleazy cunt, I always enjoy the political predictions made here.

Bear Vancouverite
Member
Bear Vancouverite

You should ask your buddies Chilled and YVR who they are voting for. I believe chilled has explicitly stated he’s voting for Christy.

I’ll vote for NDP, let’s see how many bears here end up voting Christy despite how much they hate her.

chilled on Nov 15th: “Next year my intention is to do something I have NEVER done before – vote BC Liberal”

Combat roach
Guest
Combat roach

Such degree of retardation must be quite painful for any reader on VCI but these are the perks of democracy we live in, where the utter imbecile can freely express his philosophy.

space889
Member
space889

I’m sure you & BPOM, Vangrl, Yunak, and all the rest are so proud of it and glad you live in a place where utter stupidity and racist ideas are tolerated.

dan
Guest
dan

then leave!

fomostyle
Guest
fomostyle

What is the deal with the MLS # constantly changing on the same house? Trying to shorten the visible time on mkt?

Diadora
Guest
Diadora

More Garbage in BC: Corrupt Chinese tycoon Ni Ritao, linked to infamous scandal, lied to Canadian court about bribery conviction.
http://www.scmp.com/news/world/united-states-canada/article/2055167/exclusive-corrupt-chinese-tycoon-ni-ritao-linked?utm_source=&utm_medium=&utm_campaign=SCMPSocialNewsfeed

Combat roach
Guest
Combat roach

Lying, cheating and corrupting crafts are all part of the traditional business culture which we should be rather embracing in Canada but not prosecuting. Anything against those progressive cultural, business trends should be labeled as racist and retrograde in these modern days and changing times.

space889
Member
space889

Did you forget to take your meds? Or have you inhaled too much pesticide.

fomostyle
Guest
fomostyle
Hyper-mega-Bull
Member
Hyper-mega-Bull

China alarmed as chili ‘conspiracy’ heats up Indonesians

China’s embassy in Indonesia has expressed alarm at media reports accusing China of using a “biological weapon” against Indonesia, after four Chinese nationals were arrested for planting imported chili seeds contaminated with a bacteria.

The headlines splashed across Indonesian media have sparked a wave of anti-Chinese sentiment on social media in a country with a history of simmering resentment towards its giant neighbor and a minority ethnic Chinese community.

Indonesian authorities said the imported chili seeds confiscated on a farm about 60 km (37 miles) south of the capital, Jakarta, contained the bacteria erwinia chrysanthemi, which is harmless to humans but can cause failure in crops.

http://www.reuters.com/article/us-indonesia-china-chili-idUSKBN1451G4?il=0

Combat roach
Guest
Combat roach

Same shit with “Chemical Weapon” goes in Vancouver for a while but we don’t want to make a big fuss about it, not PC…

Fentanyl crisis: 9 overdose deaths in Vancouver last night

http://www.cbc.ca/news/canada/british-columbia/fentanyl-crisis-9-overdose-deaths-in-vancouver-last-night-1.3900437

Oracle
Guest
Oracle

Developers behind this. Drug dealers want repeat customers. Not dead ones.

Chinese money, developers, fentanyl , the need to kick people out of east side.

Hmmm

Best place on meth
Guest
Best place on meth

A more accurate headline would be “13 British Columbian’s murdered by Chinese in single day massacre”.

space889
Member
space889

Because someone forced them to take the drugs and become drug addicts? Maybe they should take some responsibility like a responsible adult? Something you people seem to lack as well….

Best place on meth
Guest
Best place on meth

Some of them are recreational users, kids at parties who think they’re getting a designer drug and they end up dead.

Even the victims who are addicts have no idea they’re getting the equivalent of WMD in pill form.

It’s no surprise you would rather blame the victim than the producers of this poison made with the intention of killing Canadians on a large scale.

oh la la
Guest
oh la la

if no demand there is no supply. Just stay away from any drugs. That is it. All these addicts are our fault? What did we do to get penalized by 5% increase in property tax to create support centers? Penalized for not using drugs? They should work from the school system. Giving addicts free shots wont help anything. Canada is becoming a drug country…Only way to stimulate the economy – by legalizing the weed. Next is heroine.

oh la la
Guest
oh la la

users should understand there is no one can help. It is only you need to help yourself. Dont depend on others. Dont get me wrong but this is coming from a person who went through 3 different addictions.

space889
Member
space889

There are already a lot of resources for help if only the addicts want to change and live a normal life. But that requires actual work and efforts with no guarantee of payoff. So they just want stuff handed to them on a silver platter.

Or they are just stupid youth who thinks nothing is going to kill them and what’s wrong with a little drugs? It’s not it’s cocaine or heroine!

space889
Member
space889

is that because you really care about them or simply because the drugs came from big bad red commie China.

Why do I get the feeling that if the drugs came from USA, you wouldn’t have given a shit as usual and think the city shouldn’t waste $$ treating addicts.

dan
Guest
dan

you’re right,big bad commie china!

dan
Guest
dan

what people…white people?

bullwhip29
Guest
bullwhip29
Newcomer
Member
Newcomer

“While this attempt to help B.C. residents with their housing situation is well-intentioned, it will not work.”

Come on, nobody thinks it is well intentioned.

patriotz
Member

“it will not work”

That depends on what you think it’s intended to do in the first place. And I don’t think it’s intended to make housing more affordable.

southseacompany
Member
southseacompany

“B.C. Just Made Feds’ New Mortgage Rules Pointless”, Huffington Post

http://www.huffingtonpost.ca/2016/12/16/british-columbia-home-loans_n_13677128.html

“British Columbia has announced a policy that, in effect, works to cancel the impact of the new mortgage rules the federal Liberals enacted in order to cool off rising household debt levels.”

southseacompany
Member
southseacompany

BTW, VCI mentioned in this article!

““Can we fix affordability with more debt?” the popular Vancouver Condo Info blog asked rhetorically.”

Newcomer
Member
Newcomer

WTG, Pope!

space889
Member
space889

Finally team BPOM get to spread their message and Canadian values to a broader audience?

Newcomer
Member
Newcomer

I’ve got to admit, that many of the posts by BPOM, you, and a couple of others are basically an embarrassment. You see that, right?

Best place on meth
Guest
Best place on meth

Anyone who puts me on the same level as space is an embarassment.

Shut It Down Already
Guest
Shut It Down Already

You’re actually a rung below his level, along with all the other ignorant racists.

Newcomer
Member
Newcomer

When you say, embarrassment, is that to say that you think that the public would come here, form opinions about you and Space, and then lower their overall opinion of the group when they found that one of the members considered you and Space on the same level?

For the record, you are much more embarrassing than Space. Space is childish, but your comments are rude, racist, and grossly offensive. In fact, I would say that they are most probably criminal (http://laws-lois.justice.gc.ca/eng/acts/C-46/section-319.html).

Best place on meth
Guest
Best place on meth

Perhaps you weren’t here when we had a fully functioning voting system and space was consistantly voted down into oblivion as was commie traitor shut it down.

That was a far more valuable gauge of public opinion than the worthless ones you spew.

Hacking the vote was the only way they could stay marginally relevant and now we have idiots like you engaging them in conversation like they’re normal people.

You actually think it’s against the law to defend my country against the barbarians of an enemy nation waging war against?

You’re the embarassment, snowfake. What a shame we let people like you into the country, you have no allegiance.

Newcomer
Member
Newcomer

Yes, it’s difficult to avoid letting people like me into the country, seeing as I entered from between the legs of another Canadian. (The sneakiest way in!) Must be frustrating for you.

If you are not sure about the legality of your willful promotion of hatred, we could ask the RCMP to give us their opinion. What do you say?

Best place on meth
Guest
Best place on meth

Go for it, you whiney little fucker.

Call the police and tell them there’s a guy who despises communist china and wants them wiped off the face of the earth.

Let us all know what they tell you.

Newcomer
Member
Newcomer

I think it might be more practical to write to them with specific quotes. The truth is that I don’t like Canada’s hate speech laws because I think freedom of speech, including offensive speech, should be sacrosanct. I would repeal them outright. But you do make an interesting case. I think it’s pretty clear that you actions fit the definition of the crime. The question would be whether you were excused under section 319 (3). I’m going to say no. I’ll let you know what, if anything, I find out and, in the extremely unlikely event that you are prosecuted (they have bigger fish to fry) I’ll fundraise for your defense fund.

Shut It Down Already
Guest
Shut It Down Already

No need to calll the RCMP, I’m sure one of our new HuffPost referrals will do it for you.

Bag it and tag it
Member
Bag it and tag it

As shocked and disappointed I am with the announcement of these scheme (scam), I’m very pleasantly surprised by the negative media response exposing Krusty for who she really is.

southseacompany
Member
southseacompany

“‘There will be a day of reckoning’: Why Canadians need to take control of their debt”, BNN video

http://www.bnn.ca/there-will-be-a-day-of-reckoning-why-canadians-need-to-take-control-of-their-debt-1.633172

“Status quo would be a low interest rate environment, job stability and inflation that remains under control. The question is what if even one of those variables is altered? Think of a three-legged stool: if one leg is compromised you will fall and likely fall hard. Any sort of fall is going to hurt.”

Oracle
Guest
Oracle

Everyone pays during “day of reckoning”.

Select few profit during these times. Always Has been like that.

Bullwhip29
Guest
Bullwhip29

Lamborghini and Ferrari collide in Massey Tunnel
http://bc.ctvnews.ca/costly-crash-lamborghini-and-ferrari-collide-in-massey-tunnel-1.3206987

>>> Too bad it wasn’t a head on collision, hey Space?

Laibach
Member
Laibach

Inevitable result when you put superb products in hands of inferior idiots regardless of their nationality or race. However some individuals across the LM and specifically Richmond tend to participate in such outcomes more frequently due to their monetary ability but also some mental and physical constraints.

space889
Member
space889

So they are testo driven young guys who can drive fast in fast car, what else is new?

space889
Member
space889

Your wet dream?

Diadora
Guest
Diadora

Officers described the drivers — males in their 20s — as inexperienced. Both of the vehicles displayed novice driver stickers

bullwhip29
Guest
bullwhip29

best part of all is they both get brand new super cars courtesy of bc taxpayers…this $hit just writes itself!

dan
Guest
dan

icbc ain’t gonna cover em

bullwhip29
Guest
bullwhip29

yes they are. the new policy hasnt been phased in yet (and may never be for that matter). best part is that both cars are write offs

Chinabuyeverything
Guest
Chinabuyeverything
Laibach
Member
Laibach

Is there any news or information involving those nationals that doesn’t point on any damage, wrong or harm done to local Canadian citizen and society? Why they are so notoriously unscrupulous and selfish? Do they think that entire world owes them something because they had so much shit for so much time in the past or what???

space889
Member
space889

Do you think the entire world owe you just because you won the genetic lottery and was born in Vancouver? Maybe you should actually go out and work and build something, rather than just think anyone who became rich in a country you don’t like and you think should be dirty poor, is a filthy corrupt criminal.

xyz
Guest
xyz

So Space, are you defending what’s described in the article or not? C’mon, out with it.

space889
Member
space889

Didn’t the city say there is no law against it? Or for it? Isn’t it basically just a bigger form of AirBnB which many locals engage in?

What I am against is this practice of blaming everything on Chinese just because you find some cases of bad people or people simply doing things you don’t approve of and think everyone from China is a scumbag and deserve to be exterminated like vermins.

But what do I know? I’m just a stupid yellow commie who don’t anything about Canadian values and morals, where blaming others, systematic discrimination and genecide are apparently all A-OK if some country have a different political system & culture and 0.01% of its citizens happen to be rich greedy bastards who do things which may or may not be legal, but locals don’t like.

Best place on meth
Guest
Best place on meth

Those fishermen stealing catch from other countries with the backing of the commie scum military are part of this rich 0.01%, right asshole?

You have defended and justified the awful behaviour of your countrymen 100% of the time, never once criticized.

You are evil people.

dan
Guest
dan

u mean build something like these pricks did?

fomostyle
Guest
fomostyle

They’re just playing the game. Blame our government and monitoring.

dan
Guest
dan

they be chinese

space889
Member
space889

So basically AirBnB on a bigger scale?

Best place on meth
Guest
Best place on meth

Fines need to increase tenfold for these fraudulent activities and deportation procedures streamlined.

These vermin simply don’t care about our laws.

bullwhip29
Guest
bullwhip29

simply confiscate property and belongings. end of discussion

space889
Member
space889

So uhm…those Uber drivers should have their cars confiscated too right? Cuz what’s the diff between AirBnb and Uber? Both are basically using some lame tech / other excuses to get around regs for existing industries.

bullwhip29
Guest
bullwhip29

well now that you bring it up, yes they should if they are operating an illegal business like this. same goes for drug labs, nail and hair salons, massage parlours, day care, ESL and the list goes on and on and on….

space889
Member
space889

Hmmm….so what should we do with you then? Since I presume you are a Canadian citizen? Maybe send you to the artic?

Chinabuyeverything
Guest
Chinabuyeverything
Abdul Lahazi
Guest
Abdul Lahazi

Chinese screwing other Chinese…

Best place on meth
Guest
Best place on meth

It’s why there are so many of them.

space889
Member
space889

Says the guy who can’t get any?

Best place on meth
Guest
Best place on meth

If that were the case, I wonder if I would hate women the way you do.

Alice
Guest
Alice

Where’d you get that from? It looks like all three properties are being sold by white BC natives trying to cash in on Asian $$$.

Newcomer
Member
Newcomer

If I were Siddall, I would make it a requirement of CMHC insurance that down payments not be borrowed.

Chinabuyeverything
Guest
Chinabuyeverything

Legally it already is as per CMHC rules

Newcomer
Member
Newcomer

That wouldn’t surprise me. But, if that is the case, how would Christy’s deal work. I’ve checked it out, and they clearly say that if you have half (2.5%, or slightly more over 500K), they’ll lend you the rest to cover the minimum required downpayment.

southseacompany
Member
southseacompany

Seems like CHMC rules allow borrowed DPs;

“Normally, the minimum down payment comes from your own resources. However, a gift of a down payment from an immediate relative is acceptable for dwellings of 1 to 4 units. For eligible borrowers, additional sources of down payment, such as lender incentives and borrowed funds, are also permitted. Check with your lender for qualifying criteria and availability.”

https://www.cmhc-schl.gc.ca/en/co/moloin/moloin_003.cfm

Newcomer
Member
Newcomer

Thanks for sussing that out. Now all they have to do is change it.

YVR
Guest
YVR

Problem is Junior wants Christy to endorse his plan to pump oil out of English Bay. He is not going to kick her in the crotch just yet. Both of these issues work in the favour of the NDP. Most people do not want the pipeline and most do not want this new interest free loan scheme. Lets hope the NDP don’t offset these gifts by coming up with equally stupid policy.

Shut It Down Already
Guest
Shut It Down Already

The pipeline already exists.

space889
Member
space889

So is that why NDP lost the last election? Because they support the pipeline?

bullwhip29
Guest
bullwhip29

Point Grey Road to get decorative lights as part of Seaside Greenway completion
http://vancouversun.com/news/local-news/point-grey-road-to-get-decorative-lights-as-part-of-seaside-greenway-completion

bullwhip29
Guest
bullwhip29
Abdul Lahazi
Guest
Abdul Lahazi

Each time I read something like this my blood boils. These SCUM criminals come into Canada under our good will and use us and manipulate our systems to their own ends. These people are beyond comprehension in my mind with their constant illegal activities and greed. Every time I see Chinese SCUM driving a high end Merc/BMW/Audi I think to myself: where did they cheat and steal the money for that?

Shut It Down Already
Guest
Shut It Down Already

I pity you.

Kibaro
Guest
Kibaro

As long as idiot like you is in disagreement it means the other person is right. Just go and take a shower, you stink like hell.

Shut It Down Already
Guest
Shut It Down Already

What a novel insult. Let me guess – you’re from Hong Kong or Taiwan, like many of the other China-bashers here?

Best place on meth
Guest
Best place on meth

You mean those racist people from Hong Kong and Taiwan who can’t stand commie chinese because of, you know, their race?

Just be gone already you race baiting piece of shit.

Shut It Down Already
Guest
Shut It Down Already

Re-read your recent comments then call me a race-baiter again, you clown.

Best place on meth
Guest
Best place on meth

Race baiter!

dan
Guest
dan

sida….idiot

Newcomer
Member
Newcomer

I am curious to know how you tell Chinese scum from regular folks who just happen to have Asian facial features. I’m guessing that, seeing as you can read and write, you are smart enough to know that not every person with Asian facial features and a nice car is a thief. Take my next door neighbor. He has a nice car. He got it by managing an RBC branch for a long time. But it sounds like you might get mad when you see him. Do you think you might be getting mad for no reason sometimes?

Abdul Lahazi
Guest
Abdul Lahazi

You must be new here. I’ve lived here my whole life of over 50 years and I can easily tell the “regular folks” as you call them from the real crooks who are profiled in news articles like these.

Newcomer
Member
Newcomer

Wow, nice skill. Must come in handy. What should I look for?

Kibaro
Guest
Kibaro

Abdul is 100% right. I worked and hired many of those Chinese, that you might think they can perform well to realize they’re mostly below the par on all levels. They just can’t make that amount of money here in regular way in competitive North American environment in order to meet and maintain such lifestyle. Especially not in Vancouver, driving exquisite cars and living in SFHs, and making money locally, totally fucking impossible no matter how hard they try.

space889
Member
space889

Just like the blacks in US right?

And I guess 1 condo AirBnb is fine, but SFH AirBnb is not because one is run by local non-Chinese, another by a Chinese who may or may not be citizen or PR or born in Canada?

Best place on meth
Guest
Best place on meth

Just like the blacks in US right?

When you see an obviously uneducated black wearing gangster clothes, talking gangster talk, acting like a douche and driving a $100K car, it’s a close to 100% chance he didn’t pay for that car with legally earned money.

Spotting mainland crooks may not be quite as obvious, but it isn’t that hard either.

Anyone who comes from there with millions of dollars is most likely a thief.

dan
Guest
dan

banker huh,say no more!!!

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