This could have been written by Marc Cohodes himself. I am starting to doubt your identity.

One of the clowns who voted against:

“Victoria City Councillor Geoff Young voted against the tax, saying he is concerned about the way it targets foreigners.
“It brings back memories of the Chinese] head tax of many years which in some ways was a response to the economic concerns of people who were competing for jobs,” he said.”

Fortunately the mayor mocked him mercilessly for his idiotic race baiting.

The successful vote, which passed five to three, means the city will ask the province to immediately impose the same 15 per cent tax to Victoria. The province will ultimately decide whether or not the tax will be implemented.

Imagine if Horgan gets in and has to turn this down because he owns two houses in Victoria. He loves it just the way it is.

cknw = global = msm bought and paid for by RE cartel

People should vote for who they align most strongly with, not who they think has a chance of winning. Parties like the Greens will rarely, if ever, reach the highest office in a single election. They need to gain popularity over the course of many years, if not decades. Tactical voting might feel good in the short term, but if you’re a firm Green supporter then that’s really who you should vote for.

none of this happens without the sheer greed and recklessness of both the fraudsters and all those eager roaches also looking to make a quick buck without spending two minutes to conduct even some basic due diligence.

just as it was with all the Eron Mortgage investors (not to mention various other RE scams over the years), the end result will be unpleasant for this group of wannabee sophisticated “investors” and probably less so for the perpetrators of this little scheme.

too bad, so sad folks…move along.

May I point out that our own Premier was drawing, until a few months ago, an extra 50k salary paid to her by wealthy BC Libs donors? Is that preferable?
If you look at the party structure of the BC Libs, generous salaries can be paid thanks to their fundraising from corrupt Chinese millionaires, local developers and the like.
If the NDP miracolously managed to get elected they have already committed to eliminate union and non-union donations. As it stands, they need to compete with the corrupt BC Libs.

For what us worth I think that, in 2017, donations from steelworkers are way kess dangerous than donations from the RE lobby and Chinese millionaires (not to mention foreign goverments).

So far, not a pip about financing refirm from Kruelty Clark.

so says HAM that wants money laundering to continue.

Those values are not wanted in this country!

England is going to cut immigration to the Canadian equivalent of 50,000. Canada at 300,000 with temporary floodgates also open.

So even if HAM buys in London, they can’t move there. Brexitt saved England.

YVR the HAM voting me down.

Listingless realtor to be exact.

This sums it up nicely:

“Condos became the new prized possession. The sales composition began to shift, fewer and fewer detached sales were taking place. As foreign capital began to dry up, locals were unable to pick up the tab on a 1.8 Million dollar detached home.”

You don’t have $120K in both of the TFSAs available to you? Why do all your investments come with capital gains liabilities? Or why not transfer into an RRSP and use the refund to cover your downpayment and CGT, whilst also utilizing the HBP? Something sounds amiss.

The first time home buyers loan will save you about $5000 in interest over the 5 years. Not much IMO to even worry about. If you intend to rent it out, it would be at a loss. You may have to choose writing off the loss on you taxes or the interest free loan. The tax savings on the loss with a $200K salary would be much greater than the $5000 over 5 years. If you are happy in your rental stick with that otherwise buy a place and move in.

so what is it you are complaining about? you earn $200k and no saving for down payment; then obviously you have a problem of managing your own money. it’s always good to point the finger to someone else. now you contemplate to commit fraud!

My (admittedly uninformed) guess is that many people are using Kruelty Clark’s interest free loans to buy investment properties. It would be absurd to explain the crazy condo market without a large share being investments.
Does the law explicitly forbid investment properties?