Friday Free-for-all! Farewell 2016!

Well, let’s call that year done shall we?

It’s another Friday at the end of another week and an another year and that means it’s time for another Friday Free-for-all!

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:

Up, down or flat in 2017?
Vancouver crowded or not?
Reporting breaking news from May 2016
Cant stop visiting useless boring blog
Questioning value of BC homebuyer loans
Accurate prediction
Is the US in another bubble?

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

Sort by:   newest | oldest | most voted
Hyper-mega-Bull
Member
Hyper-mega-Bull

market is about to take off like never before. hold on to your hats!

Newcomer
Member
Newcomer

Thanks, Bagdad Bob! Your zany predictions are a welcome tradition.

space889
Member
space889

I thought BPOM was saying DOW 20K was just around the corner? Who knows, he might actually be right for once. If he’s not, well he can always blame the evil commies…

bullwhip29
Guest
bullwhip29

vast majority calling a mkt top here. seems too simple imho. most unlikely scenario would be for mkts to rip higher by 6-8% (maybe 10%) for at least a few more months then fall completely off a cliff in the fall once trump and the chinese (not the russians) square off for real

Just me
Guest
Just me

I reluctantly agree with BPOE. if the chinese are coming back en masse with sackloads of (illegal) cash, then it is not out of question that sales will pick up significantly.
These guys manage to regroup and reorgazie quickly: no obstacle stops them for long.
It will require a serious political effort to restrain the flow of chinese money. And it may be too late.
I say that 2017 is the year that many bears capitulate and accept that Vancouver is a Chinese city, with first-tier chinese prices to boot.

Newcomer
Member
Newcomer

Great. Let’s see.

space889
Member
space889

1 – Extradite the criminals as requested by China
2 – Replace provincial income tax for income under say $100K & other taxes with a property tax instead
3 – Base welfare program on income and asset considerations.
4 – Enforce the fing anti-money laws so if some city clerk / boss in 2nd tier Chinese province come here with $10M, red flags should be off right away! Or if their kid comes here for study without scholarship?

But just doing 1-3 will significantly reduce so called corruption money.

Now if you want to ban HAM or Chinese completely, or not letting them take their windfall from China’s RE bubble to here, then that’s another story…

Just me
Guest
Just me

I think points 1, 2 and 3 would take care of the problem. I do agree with you on this.
#2 may be hard to implement politically, although I do believe that elements of wealth-testing should be part of the tax system.
I would certainly support a reform that taxes housing wealth more substantially.

Taxing housing wealth would automatically remove a big source of appreciation: rich people from abroad would not be able to use houses to store and/or hide their wealth. Or they could do it only at considerably higher cost.

Why no political party suggests at least a mild form of this? It would win votes for sure, and more so as time goes by and locals get more upset.

patriotz
Member

“Why no political party suggests at least a mild form of this? ”

No political party except the NDP. Their private members bill was not passed, of course.

http://www.bclaws.ca/civix/document/id/lc/billscurrent/5th40th:m209-1

Just me
Guest
Just me

I am voting for him, and for Eby. However imperfect, the DP is far superior to the current alternative.

Newcomer
Member
Newcomer

“3 – Base welfare program on income and asset considerations.”

Don’t you ever get curious about the things you write about, before you write about them? It is already based on income and asset considerations.

patriotz
Member

Also note that for welfare, “income” does not mean what it does for income tax. It means any money received from any source.

Confucius
Guest
Confucius
I hate to defend space889, but this is actually a pretty good post, not one of his regular thin skinned whining posts. How much do they consider assets? On their website, it even says “equity in property that is not your place of residence” https://www.iaselfserve.gov.bc.ca/Assess.aspx They don’t appear to consider primary residence. I know of born and raised Canadians in the city that live in million dollar homes but are just scraping by with low income. Should the government them to sell their primary residence or take on more debt with a HELOC if they lost their jobs? Where would the line be drawn? If their house is over 1 million, 2 million? The way eligibility is considered, it sounds like a shameless person could still take advantage of the system if they really wanted to. That being said, space889… Read more »
patriotz
Member

I would really like to see any reference to free daycare in BC, and I’m sure a lot of other people would too. I have been able to find references to subsidies, but you have to be employed, a full time student, or disabled to qualify.

Confucius
Guest
Confucius

http://www2.gov.bc.ca/gov/content/family-social-supports/caring-for-young-children/child-care/financial-assistance-for-child-care#funding_amount

Read the link, you can get a full subsidy. Did I say they were just sitting around collections cheques? In the cases I know of, the wife was going to free English classes or other low fee classes and the husband worked in China. I know about this because at the time my wife was also going to school and we were only getting a partial subsidy while several friends were getting a full subsidy and of them is fabulously rich.

Confucius
Guest
Confucius

Full subsidy is $750 a month per child. This was enough to cover daycare years back. We had just moved here and I didn’t have a good paying job. We were just scraping by and spending our savings. We got about 300 per month per kid. If I applied today, we wouldn’t get any subsidy at all, most families wouldn’t. The eligibility is fully based on income and assets aren’t at all considered, not even money in the bank.

Madashell
Guest
Madashell

This could be trouble for Vancouver…
“Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan ($9,600 cdn), compared to 200,000 yuan previously ($50,000)”
http://uk.reuters.com/article/uk-china-pboc-idUKKBN14J0B8
The bad news is the changes will take effect from July 2017 so still time for more outflow.

Donald T
Guest
Donald T

only apply to pleasant, silly

+

space889
Member
space889

Uhm…in Canada, banks have to report suspicious cash transactions of $10K or any transactions that looks like it’s trying to skirt the $10K reporting rule (eg. regular deposit of $9000). I don’t think this will have much effect. Yes, people will have more explaining to do. But it’s not a big issue or even an issue at all. Just more paperwork.

It’s very common for people to carry 1000 to 2000 RMB just for a regular grocery trip in China. Go see a doc, likely 50K – 100K deposit required before reimbursements. Buy/sell a house in a big city, easily hundreds of thousands to millions in cash / cash cards.

Ray
Member
Ray

Just need 4 times the smurfs.

space889
Member
space889
@Bear Vancouverite – my view is that gov’t should interfere as little as possible in people’s life. Eliminating people’s right in the name of fairness is a slippery slope in my view towards authoritarian gov’t – not the fascist nationalistic warmongering kind, but an authoritarian one where people has very few rights, and no ability to speak anything different from the official meme. The “liberal” equivalent of right wing fascist. I think if people want to keep their home empty, they should have the right to do. We should try to keep as many rights protected and not infringed as we can. Otherwise, what’s to say utilization rates / surtax can’t be next? It’s only the logical next step to a lot of liberals who strive for equality in any and all its glorious forms. I would rather prefer replacing… Read more »
Newcomer
Member
Newcomer
It’s important to distinguish between federal and municipal law. People should be free to do what they like at the federal level because we are talking about fundamental freedoms. When you get down the municipal level, people are free to live in one particular city or not, as they like. That makes it reasonable for cities to organize themselves however they like. Cities are full or ordinances and by-laws governing business, public behavior and land use. In Paris, you have to get permission from the city before putting a new coat of paint on your shutters. In New York, they change the side of the street you park on every couple of days. Many cities limit how much noise you can make, how high buildings can be, how many people can live in how much space, what sort of animals… Read more »
space889
Member
space889
Yes, I know city has rules and some rules are absolutely necessary. What I’m saying is where is the line between what’s necessary and what’s superfluous or rules created for special interests, or having personal reasons by the city employees or some other stupid reasons. Yes, people are free to move elsewhere. Bur shouldn’t people also have right to protest against rules they don’t like or for less rules? Bulls tells bears to go move if they can’t afford a place in Van, while many bears argue that I grow up and I have a right to live here, and it’s the new immigrants / whatever group who should take a hike. Why shouldn’t the same argument apply to city bylaws? Your example of applying to city for permission to paint a fresh coat of paint in Paris is precisely… Read more »
Newcomer
Member
Newcomer

Well, dude, that’s just the point. I don’t live in Paris anymore. It wasn’t really the painting thing that made me move, but in the end I voted with my feet.

Here in Vancouver, the vacancy tax makes good sense to me, but people who don’t like it can always sell their investment property and buy one somewhere else.

No harm, no foul.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

I would like to live in a city that gets tough with house-owners that can’t be bothered to shovel their sidewalks or put down salt.

The fact the house is empty is no excuse.

space889
Member
space889

So are hundreds of thousands Canadians working in US after grad here with free / subsidized univ education also opportunistic leeches as well? I doubt they are all Chinese…

Or those in ME? In EU?

Why do they want to flee if Canada is so great?! You don’t have to like Van, but there are lots of other places!

And why are so many Chinese students & immigrants going back to China?

bullwhip29
Guest
bullwhip29
Newcomer
Member
Newcomer

What is it a picture of?

bullwhip29
Guest
bullwhip29

criminals on full display at the height of Vanc RE lunacy…

Combat roach
Guest
Combat roach

Just one criminal, the other two are paid “stylish” decoration.

bullwhip29
Guest
bullwhip29

and prayer for Krusty, who I think will be out of a job soon…
http://i.huffpost.com/gen/2150134/images/o-CHRISTY-CLARK-INDIA-facebook.jpg

space889
Member
space889

I’m not nearly as optimistic as you on that wish.

Just me
Guest
Just me

As much as I would like this horrible liar be booted out, I think she has a good shot at re-election. last provincial election everyone was give her for dead, and Adrian Dix was supposed to be cruising.
She crashed him.
Unless people get off their butts and go vote against her, she and her developer friends will be voted back in office.

I would certainly crack open a bottle of bubbly if she lost. She lies, manipulates people and takes bribes. Honestly, this woman would have been at home in a saloon of the old west, serving counterfeit alcohol to outlaws…

bullwhip29
Guest
bullwhip29

had it been hilary vs trump in 2008 she would have won easily. things are obviously quite different today. krusty is in full on a$$ covering, vote buying mode now. most people dont like this, dont trust her and want her turfed out and tossed in prison for a multitude of reasons dating all the way back to the questionable beginnings of her political career

bullwhip29
Guest
bullwhip29

With the help of the New Coasts, Nu Streams, Metro Edges and countless others not to mention work arounds, loopholes and tax avoidance schemes galore courtesy of the Guo Law Corps of the world, Richmond got completely turned inside out in 2016 making it THE shiniest example of greed, excess and how not to run a city.

The laws of gravity will take over in 2017

http://www.theglobeandmail.com/real-estate/vancouver/no-deterrent-for-prolific-illegal-hotels-inrichmond/article33356860/

space889
Member
space889

How are these that much different from the thousands of AirBnB in Cov?

I’m against AirBnB and Uber in general because I view them as using the tech excuse to get around existing rules, and in case of Uber, taking advantage of its drivers. Not saying I think existing policies on taxis and hotels, but people doing the same thing should have the same set of rules. Level playing field.

Frankly I also can’t stand people who support Uber but against AirBnB. Bunch of hypocrites to me.

patriotz
Member

“How are these that much different from the thousands of AirBnB in Cov?”

AirBnB is a booking service. Whether the accommodation booked is legal or not depends on whether it complies with local laws. Both CoV and Richmond allow for legal BnB’s. Those illegal hotels in Richmond are just that.

bullwhip29
Guest
bullwhip29

‘All hell is going to break loose in Vancouver’: Ex-trader’s real estate forecast
http://bc.ctvnews.ca/all-hell-is-going-to-break-loose-in-vancouver-ex-trader-s-real-estate-forecast-1.3222636

Newcomer
Member
Newcomer

“It’s going to blow to complete and utter smithereens,” Cohodes predicts.

Hmm, sounds kinda bearish.

Just me
Guest
Just me

I’ll believe it when I see it. Again, I hope Cohodes is right…but I suspect he is wrong.

bullwhip29
Guest
bullwhip29

even if he is only partially correct many will get wiped out

space889
Member
space889

When did that Short Canada RE thing first started?? Haven’t worked out well in the last 5 or 6 years. Vancouver was supposedly the biggest bubble in the world for what? 10 years running now?

Newcomer
Member
Newcomer

Yup, it is.

Shut It Down Already
Guest
Shut It Down Already

It’s not. Many property types are still priced reasonably relative to rents. SFH are bubbly, but that’s about it.

Newcomer
Member
Newcomer

Give one example. Find a single property sold in the past year that produces a rent that more than covers carrying costs.

patriotz
Member

“supposedly the biggest bubble in the world for… 10 years running now?”

Certainly not, in 2006 there were plenty of markets in the US and elsewhere (e.g. Ireland) that were far out front of Vancouver. No market in Canada was even mentioned in the Economist’s famous article in 2005.

Vancouver has become preeminent only since the financial crisis really.

Abdul Lahazi
Guest
Abdul Lahazi

I emailed this person about their Craigslist all Chinese rental ad and suggested they would have more success if the ad was in English.
Their response was: “So what”
https://vancouver.craigslist.ca/bnc/apa/5900020381.html
This is the attitude of the new Chinese in the lower mainland and we allow it.

Newcomer
Member
Newcomer

At that price, they don’t need very wide coverage.

space889
Member
space889

Wow, that’s pretty damn cheap, especially with the 0.6% vacancy rate and rental bidding wars we keep hearing about.

space889
Member
space889

Would you feel better if they posted it in French? Maybe, just maybe you aren’t their target audience and they want to have their phone ringing off the hook from people they don’t want to rent to and can’t communicate with?

Btw, old Chinese, new Chinese, makes no difference. Most of them don’t care to talk to people like you and most can’t speak English. CBC are different and that’s why they are called bananas.

Shut It Down Already
Guest
Shut It Down Already

Space, in theory anybody who pays the rent is the target audience and indicating a preference for any other attribute is discriminatory. I can’t read what the ads says, but they can surely use whatever language they’re able to communicate in. There’s no requirement to use English or French outside of government.

Newcomer
Member
Newcomer

No, it is not. It is quite OK to indicate a preference for a particular gender, for example. There would be nothing wrong with saying that preference is given to Chinese speakers, but the ad just says that it is suitable for students, and that they will help you find roommates if you like.

Shut It Down Already
Guest
Shut It Down Already

“Suitable for students” could be considered discrimination against people of a certain age group. You’re meant to describe the residence, not the ideal tenant.

Newcomer
Member
Newcomer

There is no law against advertising something as being suitable for a certain type of person. Otherwise, ads for toys that said, “Kids will love…” would be illegal, as would the age suitability markings on the toys. In fact, if we applied the logic you put forward here, you couldn’t have men’s and women’s sections in shoe stores. For discrimination to take place, you have to show that the landlord rejected a person based on a protected status.

Shut It Down Already
Guest
Shut It Down Already
Newcomer
Member
Newcomer

Incorrect. Leaving aside the fact that the claim the author is making applies to Ontario, not BC. There is no source in the article, and the woman probably has hold of the wrong end of the stick. You can’t point to a law because there is no such law. Again, see women’s and men’s departments.

patriotz
Member

Come on off it. Men are not excluded from buying women’s clothes or vice versa.

Newcomer
Member
Newcomer

Exactly. That is my point. Discrimination comes when you tell a man he can’t buy “women’s” shoes or vice-versa, not when you put some shoes in a women’s section. Likewise, discrimination in housing happens when you deny someone access, not when you suggest a type of person you think might like it. If they were saying “employed people only” or “ethnically Chinese people only” or some other thing that excluded a protected group, that might be considered denial but saying “suits students” does not.

Shut It Down Already
Guest
Shut It Down Already

Retail is not housing.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

The Mainland Chinese government would like people to believe that all Chinese are the same (whether that means people who were born in a particular jurisdiction or whether that means people with certain traditions or cultural practices). (This kind of thing is a typical ploy of governments wanting to gain power. )

However, they are not all the same.

Best place on meth
Guest
Best place on meth

Flag it.

Abdul Lahazi
Guest
Abdul Lahazi

I did.

Patiently Waiting
Member
Patiently Waiting

There’s seems to be something wrong with the kitchen. Look at the picture.

bullwhip29
Guest
bullwhip29

wow, pretty snazzy…about the quality and finish of a mexican time share

Best place on meth
Guest
Best place on meth

On Monday, the $50K annual limit on taking money out of China will reset.

The smurfs are being prepared as we speak.

paulb
Member

New
29
Price Change
9
Sold
69
TI:7056

http://www.paulboenisch.com

Whistler or Bust?
Guest
Whistler or Bust?

I know he’s in Hawaii but he called it. 7000 it is.

All the best in 2017 to Bulls and Bears!

Whoracle
Guest
Whoracle

Inventory is about 15-18% higher than this time last year.

Whoracle
Guest
Whoracle

Should be flood coming in the next 2 weeks

Foo Man
Guest
Foo Man

Inventory 40% lower than 10 year average. I presume we’ll also have to suffer through endless comparisons to 2016 as being evidence of a crash?

Shut It Down Already
Guest
Shut It Down Already

paulb
New
58
Sold
97

TI:6993

http://www.paulboenisch.com

0
1 year 23 hours ago

Whistler or Bust?
Guest
Whistler or Bust?

I never took the talk that Space was employed by the Chinese Gov’t seriously until recently. His posts are pro-China and have little to do with the site. Remember when he was voted into oblivion in 5 mins and no one had to read his drivel? Then we got hacked and now all posts get shown. If his comrades in arms can hack the Democratic party surely a site like this would be a joke for a state sponsored group.

Paranoid?

Newcomer
Member
Newcomer

I imagine the Chinese government has an entire squadron of hackers working on this site. You know what they say, he who controls VCI controls the world.

Just me
Guest
Just me

I would nit be surprised if the Chinese government takes note of what happens in Vancouver. It happens to be one of the most chinese cities outside of the msinland and a place of choice for their diaspora.
If you think the chinese government does not care about what happens here, i think you are deluded.
They probably see Vancouver as an experiment and a test-run for the future.

Shut It Down Already
Guest
Shut It Down Already

Caring what happens in a city isn’t the same as paying people to infiltrate a tiny unpopular dying blog.

Best place on meth
Guest
Best place on meth

Hate this blog?

Then make a New Year’s resolution to fuck off forever, whiney asshole.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

It’s not just that his posts are pro-China. It’s that they are pro-China in a particular sort of way. Lots of people from lots of different backgrounds can be pro-China for various reasons. But a natural individualistic spontaneous self-created pro-China view would be entirely different from the kind of pro-China view that Space evinces. He touts party lines that sound ridiculous if you imagine them to be coming from someone who is at all enculturated into North American life. In other words, he’s not a free-thinker. He never says anything that’s genuinely responsive to what someone else has said while at the same time being a unique creation. It’s all templated predictable stuff if you read what China is saying at diplomatic levels to other world politicians. That’s what gives it away.

Newcomer
Member
Newcomer

Ah, I see. Space is a diplomat. I would not have guessed.

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Did I say Space was a diplomat? Not what I intended to say. Do you disagree that his pro-China statements are oddly in line with official state propaganda?

Newcomer
Member
Newcomer

I wouldn’t know. I don’t much official Chinese state propaganda. I didn’t think anybody did. Where do you read your official Chinese state propaganda?

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Xinhua, Politico, Foreign Affairs, Foreign Policy, Guardian, Truthdig, Le Monde

For further information, see:
http://www.truthdig.com/report/item/the_coming_war_on_china_20161205

https://en.wikipedia.org/wiki/Propaganda_in_the_People%27s_Republic_of_China

Newcomer
Member
Newcomer

Woah, you are right into it.

history
Guest
history

2016, in numerology, a 9 year… endings, completion
2017, a 1 year… beginnings, rebirth

StupidityCheck
Guest
StupidityCheck

2016 = 666 + 666 + 666 + 6 + 6 + 6

history
Guest
history

6769 Strathmore Avenue, Burnaby
Oct 31:$2,388,000
Dec 29: $1,990,000
Change: – 398000.00 -17%

why list with this sh$t goin’ on?

merealtycheck.ca

Abdul Lahazi
Guest
Abdul Lahazi

2016 assessed at $2,023,000 so now $33,000 under assessment.

history
Guest
history

nasty, gotta be a mistake? Send Vinnie over and get this one delisted!

215-8110 120a Street, Surrey
Dec 22:$349,900
Dec 28: $249,000
Change: – 100900.00 -29%

history
Guest
history

32013 Harris Road, Abbotsford

Nov 15:$2,155,555
Dec 28: $1,899,999
Change: – 255556.00 -12%

36400 Epworth Court, Abbotsford

Oct 18:$1,294,000
Dec 29: $1,488,000
Change: 194000.00 +15%

bullwhip29
Guest
bullwhip29

Man with ties to Canadian bank serves tiny taste of life among China’s nouveau riche
http://www.theglobeandmail.com/news/world/man-with-ties-to-canadian-bank-affords-peek-into-chinas-nouveau-riche/article33464093

Best place on meth
Guest
Best place on meth

“Mr. Xu drove the cart between shots with a gleeful abandon that only temporarily paused when he cranked the wheel hard around a sharp corner. I heard a crash and turned around to see the caddie lying crumpled on the concrete. She whimpered, unmoving.

Another cart was dispatched to take her away. Her face bruised, she ended up in hospital.

“Every job has its dangers,” Mr. Xu said, pointing to his cart’s bald tires, which had no bearing on his abrupt turn. He resumed his play.”

We treat slugs on hiking trails better than those barbarians treat employees.

No wonder they would rather start a small business, no matter how tiny the profit is rather than work for a fellow chinaman.

Thanks baby Turdeau, for lowering our standards to cesspool level.

Abdul Lahazi
Guest
Abdul Lahazi

But when will Canadians finally rise up en mass to fight against this? We are too complacent.

Polozi Scheme
Guest
Polozi Scheme
Just me
Guest
Just me
Some quotes: In the mid-1970s, then-Vancouver mayor Phillips, one of the city’s most progressive leaders, wrote in The Housing Crisis: “I maintain that the primary approach to solving the housing problem in the Greater Vancouver area lies in the immediate reduction and future control of immigration.” A decade before Expo ’86, when Canadian politicians began concerted wooing of East Asian investment and migrants, Phillips said, “We can and should control that proportion of our population pressure that is represented by the influx of foreigners.” After Brian Mulroney was elected in 1984 — expanding free trade and creating more open borders — politicians began suggesting anyone who wanted to lower immigration levels was xenophobic. s for the views today of B.C.’s former politicians, Phillips died in 2013 and Vander Zalm could not be reached for comment. But Harcourt has many ideas… Read more »
Statistican
Guest
Statistican

What happened then when Mulroney was elected was that the Federal Liberal and Conservative parties in Canada effectively merged behind the scenes and they have the 7 or so families that own MSM media in Canada spew the false message that the people in Canada have a choice.
To keep the status quo, some commentators here even seem to be paid shills for this globalist/immigration agenda.
Case in point is Trudeau…his policies haven’t diverted from the globalist agenda while increasing corporate profits/valuations at the expense of local workers who face intense wage pressures, increased job competition and housing pressures (high immigration) all while lowering the Canadian Dollar to help their corporate friends.
Until the people realize this, they are controlled. Have you seen how upset the establishment is after Trump (not the plan) got elected?

southseacompany
Member
southseacompany

“‘All hell is going to break loose in Vancouver’: Ex-trader’s real estate forecast”, CTV News video

http://bc.ctvnews.ca/all-hell-is-going-to-break-loose-in-vancouver-ex-trader-s-real-estate-forecast-1.3222636

“”It’s going to blow to complete and utter smithereens,” Cohodes predicts.” “I think the market probably topped in the spring of ’16 and I think all hell is going to break loose in Vancouver in 2017.””

“Cohodes is so confident in his prediction that he’s betting against one of Canada’s biggest alternative mortgage lenders, forecasting a housing crash similar to the one south of the border in 2008.”

patriotz
Member

“a housing crash similar to the one south of the border in 2008”

I don’t know whether that comes from Cohodes or the reporter (I would guess the latter), but 2008 was the third year of price declines in the US. Much better article here:

https://betterdwelling.com/city/toronto/marc-cohodes-short-canadian-real-estate/

Madashell
Guest
Madashell

I think the deciding factor is China. If the bubbles in China blows up or the Chinese government stops the capital flight, then Vancouver will crash and burn as Marc Cohodes predicted.

southseacompany
Member
southseacompany

“Bubble fears, runaway prices and intervention: The year housing boiled over”, BNN

http://www.bnn.ca/bubble-fears-runaway-prices-and-intervention-the-year-housing-boiled-over-1.637701

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

He knows the economy is headed for trouble so he’s appealing to nationalist sentiment against foreign powers. Just like Putin.

Hyper-mega-Bull
Member
Hyper-mega-Bull

who’s appealing to nationalist sentiment against foreign powers?

On the one hand we have Putin and Russia:

“While we reserve the right to take reciprocal measures, we’re not going to downgrade ourselves to the level of irresponsible ‘kitchen’ diplomacy,” Putin said, using what the New York Times glosses as a Russian idiom for unseemly bickering. “In our future steps on the way toward the restoration of Russia-United States relations, we will proceed from the policy pursued by the administration of D. Trump.”

On the other hand we have the USA:

John McCain said Friday that Russia’s alleged meddling in the 2016 presidential election amounted to an “act of war.”

Washington Post reports that Russia hacked the US electrical grid (now debunked).

http://grrrgraphics.com/uploads/7/4/7/3/74734153/published/lame-duck-ben-garrison.jpg

Best place on meth
Guest
Best place on meth

The Viet Cong should have killed McCain in his bamboo cage.

Best place on meth
Guest
Best place on meth

China’s Xi vows to piss off the 6 remaining countries he hasn’t yet pissed off, promises fellow chinese to be an even bigger prick in the world in 2017 than he was in 2016.

Shamelessness will go up to 11, he declares.

Shut It Down Already
Guest
Shut It Down Already

Now we know how you spend your New Years.

Best place on meth
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Best place on meth

Time zones.

They’re amazing things.

Read up on them.

Hyper-mega-Bull
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Hyper-mega-Bull
Newcomer
Member
Newcomer

@ Patriotz

Exactly. That is my point. Discrimination comes when you tell a man he can’t buy “women’s” shoes or vice-versa, not when you put some shoes in a women’s section. Likewise, discrimination in housing happens when you deny someone access, not when you suggest a type of person you think might like it. If they were saying “employed people only” or “ethnically Chinese people only” or some other thing that excluded a protected group, that might be considered denial but saying “suits students” does not.

Hyper-mega-Bull
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Hyper-mega-Bull
Best place on meth
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Best place on meth

“China also scored a diplomatic victory when tiny Sao Tome and Principe switched recognition to Beijing from Taiwan.”

Woooo!!! Score!!!!

Chinamen are wildly high-fiving each other all over the country.

UBC in Crisis Mode
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UBC in Crisis Mode

Happy New Year, and sleep tight with your new assessment (~20% increase for Vancouver SFH):
http://bcassessment.ca

Statistician
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Statistician

That is not how property taxes work. Read up on “mil rate”. Everyone’s assessment can go up 50% and their taxes can stay put.

Shut It Down Already
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Shut It Down Already

SFH have increased disproportionately its other property types so will see an increase. This has already been reported by the media. However, I would assume most owners will be happy with a higher assessment even if it means more taxes because it will make them feel richer.

Sailor55
Guest
Sailor55

Why then, go to the trouble of reassessing every property on an annual basis? If more money is required then the mil rate can be raised, if less is required, then it can be lowered. If everyone’s assessment rises equally then nothing changes if we assume honest brokers inhabit city hall. Perhapes that’s a bad assumption.

But, if your property has risen in realtion to someone else’s you will now bear a greater tax burden than you once did relative to your neighbour.
Maybe that’s what everyone is bitching about.

bullwhip29
Guest
bullwhip29

stuff on the fringes increased by 20% +/-

gr vanc and elsewhere saw 40-50% increases and nearly the same amount for townhouses in selected areas

bullwhip29
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bullwhip29

T minus 27 days til Krusty raises threshold for home owner grant with at least one more big announcement after that to appease RE bulls before election time. imho she is understandably desperate and could do anything to rig the results

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