Free money can be popular

Despite widespread criticism of the BC governments plans to make teaser loans to first time homebuyers (worst idea everrrr) Kirk Lapointe points out that not everyone thinks its a bad idea.

I would wager that for every Christmas dinner gathering of finger-wagging and tut-tutting about the fiscal irresponsibility and market impact of the Clark manoeuvre, there were a dozen families seriously discussing if this was the time – perhaps the last real window – to get the kids into a home in the same city.

Politics ain’t always about what makes the most sense.

Read the full editorial here.

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fomostyle
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fomostyle
bullwhip29
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bullwhip29

Vancouver city councillor calls for investigation into snow removal plans
http://www.cbc.ca/news/canada/british-columbia/vancouver-snow-removal-1.3922282

“While the mayor’s office has not confirmed his whereabouts, Gregor Robertson been absent as city staff face the media to account for the city’s response, with even his normally active social media accounts have fallen silent since Boxing Day.”

>>> perhaps he is dealing with some personal matters in Harbin?

Hyper-mega-Bull
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Hyper-mega-Bull
Abdul Lahazi
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Abdul Lahazi

This is typical bully-boy China behavior of an authoritarian state. China really needs to be taken out behind the woodshed.

Bag it and tag it
Member
Bag it and tag it

China needs to take a page out of Putin’s playbook and send Trump compliments rather than threats. Trump don’t take kindly to threats.

Shut It Down Already
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Shut It Down Already

Exactly the sort of level-headed person you want as president, then?

Bag it and tag it
Member
Bag it and tag it

who said anything about ‘want’…your comment would have been relevant prior to the election and if I/we were American voters.

bullwhip29
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bullwhip29
bullwhip29
Guest
bullwhip29

Vancouver Real Estate Document Accidentally Names Chinese Government
https://betterdwelling.com/city/vancouver/whoopsie-vancouver-real-estate-document-accidentally-names-chinese-government/

“…the city swapped land at 508 Helmcken Street assessed at $15 million dollars, for land a developer had on 1099 Richards Street assessed at $8.4 million. Today the 508 Helmcken Street property has an assessed value of $130,024,800, and the Richards Street property has an assessed value of $2.”

Oracle
Guest
Oracle

It is clear from this blog that what is happening to demographics in vancouver simply can’t go on. If the white people become a <40% minority in Metro Vancouver while Chinese/Filipinos.Indians become the vast majority, then at some point within the next 10-20 years, there is going to be race riots.

I'm not condoning this but i see no mixing of the races. At the Vancouver New Years eves fireworks, The whites were mostly with whites, HAM with HAM, etc.

MSM can spin it all they want but this is the reality on the streets.

Newcomer
Member
Newcomer

I think you’ll be out rioting all by yourself, Oracle. Most people get along with each other fine.

bullwhip29
Guest
bullwhip29

what has happened in richmond (formerly white for the most part) will happen all over gr vanc region. there are already pockets of victoria that are predominantly chinese.

Shut It Down Already
Guest
Shut It Down Already

And I remember those Richmond Riots well.

bullwhip29
Guest
bullwhip29

me too. costco bridgeport was ground zero when that supposed water scare occurred. range rovers and bmx x5s scattered about, LV bags flying and people throwing shaolin chopping punches to get their hands on as many BPA laced water jugs as possible. would have been a national emergency if grandma had go without her hot water with lemon for more than a few hours…

bullwhip29
Guest
bullwhip29

immigration feeder system in Powell River (of all places) on the chopping block…

https://www.biv.com/article/2017/1/alc-ruling-nixes-powell-river-international-school/

Dave
Member

That’s hilarious. I’ve been joking for a long time that importing Chinese millionaires is the biggest industry in BC. When the resource towns are jumping on the bandwagon, it’s no longer a joke.

When the Burns Lake sawmill burned down and the government rebuilt it, they should have built an international school instead. Think of the opportunity. Rennie could have opened a branch office to manage all the presales.

bullwhip29
Guest
bullwhip29

quasi canada-china “educational” centers have a number of very low profile (almost hidden) locations all over the lower mainland

i drive past here all the time and noticed this one just popped up a few months ago…in a nice, normal “residential” neighborhood. surely there are countless others…
http://tinyurl.com/gtkcgzo

Newcomer
Member
Newcomer

So you don’t even live in Vancouver. How about that. It would be interesting to know where most of the readers of this blog live.

Combat roach
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Combat roach

Total shitshow, although a good place for locust to keep low profile while getting along with agenda. Fucking students… lol…

space889
Member
space889

I bet you wish you could fuck the foreign students there. Way better than the old hags with wringled sun dried prune skin you have to pay $$ for.

bullwhip29
Guest
bullwhip29

i bet you’re wishing the same thing…

CanNeverThinkOfAGoodName
Member
CanNeverThinkOfAGoodName

Have you some quora links to show us in an attempt to defend your despicable attitude towards women? @space

Just me
Guest
Just me

“China chokes money outflows”

https://www.bloomberg.com/news/articles/2017-01-05/bears-scramble-for-yuan-as-china-chokes-flows-supports-currency

Best healine I have read in a long time. Even Christy Clark cannot counteract this, if true. Of course, she might try (after all who else should represent those hardworking housing millionaires ?)

I expect the crafty Chinese mainlanders will figure out how to break the laws of the kand soon enough. But in the meanwhile, I am enjoying the show.

Oracle
Guest
Oracle

“Import Over Invoicing.”

Read about this and educate yourselves rather than posting these minor headlines.

95% plus one leaves china this way. Not the puny 50K way the establishment has you sheeple thinking about.

space889
Member
space889

The law says you can’t turn left, but doesn’t say you can’t turn right. So you turn right 3x to get where you want to go. Is that breaking the law?

Lurker
Guest
Lurker

what law says that?

southseacompany
Member
southseacompany

“Trump’s stimulus plans could prompt US to rapidly hike interest rates”, Global News
http://globalnews.ca/news/3160353/trumps-stimulus-plans-could-prompt-us-to-rapidly-hike-interest-rates/

“Federal Reserve officials, who boosted a key interest rate last month, said they might need to accelerate future rate hikes if a faster-growing economy pushes down the unemployment rate farther than currently expected.”

“Minutes of the Fed’s December meeting released Wednesday showed that Fed officials discussed the impact of Donald Trump‘s proposed economic program of tax cuts, deregulation and increased infrastructure spending. “

fomostyle
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fomostyle
space889
Member
space889

Lower prices and people can’t buy? That doesn’t seem to follow logic…I thought bears said lower prices would make it easier for families to buy?!

Newcomer
Member
Newcomer

Try replacing the period between the two sentences with “because.” Does it make sense to you now?

paulb
Member

New
151
Price Change
17
Sold
81
TI:6268

http://www.clivestevepaul.com

vangrl
Member
vangrl

Happy New year Paul! Thanks again for providing us with these stats

paulb
Member

Very welcome!

bullwhip29
Guest
bullwhip29
Hyper-mega-Bull
Member
Hyper-mega-Bull

giving anything away for free in this city is a big mistake.

Newcomer
Member
Newcomer

And yet here you are, altruistically giving away your views on the housing market nearly every day.

Oracle
Guest
Oracle

You are weird man. Do you have a girlfriend? even before?

bullwhip29
Guest
bullwhip29

Richmond to promote property tax deferrals
Highest valued property owned by controversial Chinese real estate tycoon Kevin Sun
http://www.richmond-news.com/news/richmond-to-promote-property-tax-deferrals-1.6153471

“The top assessed residential property in Richmond is an acreage at 12911 No. 3 Road, coming in at $11.9 million. The property is reported to be owned by a company of Chinese real estate tycoon Kevin Sun, who is under investigation by various agencies, in relation to fraud and banking scandals.”

>>> Richmond doing their utmost to be the Macau of Canada…

bullwhip29
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bullwhip29
Abdul Lahazi
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Abdul Lahazi

My finger is sore from down-voting space889

fomostyle
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fomostyle

What’s with spacey creating all these accounts to downvote you?

southseacompany
Member
southseacompany

“Government intervention on housing causes Vancouver to ‘temporarily freeze in its tracks’”, Financial Post

http://business.financialpost.com/personal-finance/mortgages-real-estate/portrait-of-a-cooling-housing-market-vancouver-home-sales-fall-5-6-in-2016

“Some market watchers expect this year to be pivotal.”

” “The macro-prudential moves taken by various levels of government to slow the acceleration of housing prices in Vancouver and other major market in Canada are expected to have the desired effect in 2017,” David Beattie, senior vice-president in the Financial Institutions Group at Moody’s Investors Service, told the Financial Post.”

david
Guest
david

This program will absolutely achieve every single thing it is designed to achieve.
Namely: to improve Christy Clark’s chances of winning the next election.

Cost to BC taxpayers? irrelevant.
Social and other intangible costs to Vancouver citizens? irrelevant.
Impact of continued economic disruption and misdirection of capital? irrelevant.

Just me
Guest
Just me

Yet another piece of evidence pointing to the use of Vancouver area homes as gold bricks.

“Coquitlam resident says there are too many empty homes in her neighbourhood”

http://www.cbc.ca/news/canada/british-columbia/lonely-homes-bc-website-1.3918798

Will this ever end? Are our politicians so supine to Chinese money that they will resist any attempt to limit this unacceptable behavior. Homes are not safe deposit boxes, yet our politicians seem perfectly fine with foreigners treating them this way.

Shut It Down Already
Guest
Shut It Down Already

Evidence? Did you read it?

Stratahacker
Guest
Stratahacker

Why are the chicoms spamming this venerable site with off topic nonsense?

space889
Member
space889

Bear Vancourite asked me a question, which I feel is colour to a large extent by mainstream Western media bias, and posted some alternative viewpoints / arugments regarding his question from people who knows better than me. If this blog stuck to on topic posts only, BPOM & Co would run out of material to post very quickly.

Best place on meth
Guest
Best place on meth

They have no shame and are incapable of feeling embarassment.

space889
Member
space889
@Bear Vancouverite – Finally that argument about how democracy and election are sacred and only way to have a legitimate gov’t. Again, there are debates about that. My view is that that’s something the people of a country should decide, and other people should really just stay out of it in general. Maybe people in China like the current form of gov’t and don’t want India style mass democracy right now. Maybe they will later, it’s their choice, and shouldn’t be forced on them. As well, do you really think Chinese society in general is ready for Western style democracy & elections? I would say no, and many would agree. The level of education, society development, ethics & moral levels, power checks & balances, citizen engagement, and relieve valves & restraint against extremism (national, foreign, etc) are simply not there… Read more »
space889
Member
space889

Will the Chinese Communist Party win if there is an election in China?

https://www.quora.com/Will-the-Chinese-Communist-Party-win-if-there-is-an-election-in-China

space889
Member
space889

Why does China pretend to be a democracy and hold “elections”?

https://www.quora.com/Why-does-China-pretend-to-be-a-democracy-and-hold-elections

space889
Member
space889

Why shouldn’t Chinese people fight for democracy? Are they really happy with their present government?

https://www.quora.com/Why-shouldnt-Chinese-people-fight-for-democracy-Are-they-really-happy-with-their-present-government

space889
Member
space889

Why does the Chinese Communist Party not hold open presidential elections in China? The candidate of the CCP will no doubt win the elections. Then why not?

https://www.quora.com/Why-does-the-Chinese-Communist-Party-not-hold-open-presidential-elections-in-China-The-candidate-of-the-CCP-will-no-doubt-win-the-elections-Then-why-not

space889
Member
space889
space889
Member
space889

How are government officials elected in China?

https://www.quora.com/How-are-government-officials-elected-in-China

space889
Member
space889
space889
Member
space889
space889
Member
space889
@Bear Vancouverite – Also, China has a very real worry of this concept of “Democracy / Human Rights as a Weapon” that US has shown no hesitation in using in various countries, often to the detriment of the country & citizens living in the country. Just look at Middle East now, and USSR back in the 90s. China would prefer not to follow the same route again. As well, many of the human rights activists are also often funded & support by US interests whether official or not. Take BPOM’s rage against all the supposed China’s interference in Canada via Confucius Institute as a supposed front for communist gov’t. Many human rights activist and other NGO in China working against the gov’t are often funded by CIA / US gov’t interests. You believe Chinese gov’t should simply just sit back… Read more »
space889
Member
space889
@Bear Vancouverite – I presume you are talking about political freedom of speech in China or lack of it. It is a topic that’s discussed to death I think and if you beyond what Western media / political think tanks portrays, and actually read some analysis and also opinions of people, including westerners, living in China, you might find that the differences are not as large you might believe. As well, some of the responses below from various quora threads by Westerners and Chinese themselves might surprise you. BUT then again, as we all know, Quora has been infiltrated by elite 50 cents army soldiers, and communist sympathizers and traitors. Also, if you look at the left uber liberals have muzzled freedom of speech, it is not that different in principle from the situation in China. The only difference is… Read more »
space889
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space889
space889
Member
space889
Shut It Down Already
Guest
Shut It Down Already

That’s utter bullshit. China’s censorship is nothing like the US’s intelligence gathering. How did you even think this link defends your position?

space889
Member
space889

I just post the info, with disclaimer that Quora is filled by 50 cents army and communist collaboraters and traitors. People can make their own decision about how useful the info is and what it means. I just find Quora arguments and info often are more valid or at least balanced than Western mainstream media.

space889
Member
space889

What are the reasons for China’s censorship over the media? Doesn’t all this censorship lead to a negative image of China abroad?

https://www.quora.com/What-are-the-reasons-for-Chinas-censorship-over-the-media-Doesnt-all-this-censorship-lead-to-a-negative-image-of-China-abroad

space889
Member
space889
space889
Member
space889

What is the history behind censorship in China?.

https://www.quora.com/What-is-the-history-behind-censorship-in-China

space889
Member
space889

Why do the Chinese people accept the censorship limitations in their country?

https://www.quora.com/Why-do-the-Chinese-people-accept-the-censorship-limitations-in-their-country

space889
Member
space889

Correct link:
Why is there such heavy censorship in China, given that most Chinese citizens support the government anyway?

https://www.quora.com/Why-is-there-such-heavy-censorship-in-China-given-that-most-Chinese-citizens-support-the-government-anyway

space889
Member
space889

What would happen in China if the government didn’t censor the Internet?

https://www.quora.com/What-would-happen-in-China-if-the-government-didnt-censor-the-Internet

space889
Member
space889

Why is there such heavy censorship in China, given that most Chinese citizens support the government anyway?

https://www.quora.com/Is-Quora-banned-in-China-2

Hyper-mega-Bull
Member
Hyper-mega-Bull
bullwhip29
Guest
bullwhip29

BC reviewing homeowner grants after rising property assessments
http://www.news1130.com/2017/01/04/b-c-reviewing-homeowner-grants/

“…while it may not be good policy to raise that threshold again, it may be good politics.”

“…I would not be surprised at tax relief for these poor destitute homeowners sitting on properties that are worth more than a million dollars.”

-Tom Davidoff, UBC Sauder School of Business