Friday Free-for-all! August 18th 2017

It’s Friday 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:

Student Housing Crunch
Imaginary debt crisis
Lumber stocks tumble
Millennials struggle
Value means flippability

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

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Oracle
Guest
Oracle
The biggest story of the year is the NDP. Not their rise to power but the lies told to get there. Housing >>> Grizzly Hunt + Tolls + $100 increase in welfare + pretending to stop Site C + Stopping Massey bridge + pretending to stop KM. The clowns won’t even have the support of their own base anymore (Lose next election AND PR will fail as it seems NDP are in bed with developers as well). Maybe that was the plan after all as all parties are infiltrated by developers. Horgan has 2+ homes, Selina has 2+ homes, some MLA’s relatives are big time developers. Eby all but stopped talking about housing even though he is 3rd in command after Horgan and James; nothing about foreign $….Zip…Nada…Guess they won’t need anything after the contracts for the 114,000 homes are… Read more »
best place on earth
Guest
best place on earth

Well, the Hulk guys could not keep their mouths shut, now the taxpayers are on the hook for the first $5mil defame lawsuit. The bigger lawsuits are on the making. Well-done, ndp supporters! Are the freeloaders still waiting for handout from these ndp clowns?

Ulsterman
Member

Commentators said on CKNW today that the $5m figure is political posturing because there’s an approx $150,000 cap on damages. Also because the NDP crew apologized that will further reduce any future awards.

Funkeymonkey
Member
Funkeymonkey

I’m sure he will have to prove the Ndp wrong. Like Wilson actually worked. Pure gravy job

Hyper-mega-Bull
Member
Hyper-mega-Bull

Horgan plans mission to China as first foreign visit as new premier, official says

https://www.biv.com/article/2017/7/horgan-plans-mission-china-first-foreign-visit-new/

YVR
Guest
YVR

Horgan is just going there to tell the Chinese how tough he will be on money laundering should they decide to invest in BC real estate. LOL.

Oracle
Guest
Oracle

Lol. I was duped by the NDP. Others here won’t even admit it.

I give them 40 more days. After that it’s October and ZERO chance anything will be done on housing.

aaa
Guest

Lingerie shoot at the Komagata Maru memorial

https://www.instagram.com/p/BX4Cca9DOpA/

history
Guest
history

there’s that sine wave again.

KickThemOut
Member
KickThemOut

Oracle: “Do you search the internet for stuff like this? You are simply a racist. “

KickThemOut
Member
KickThemOut

Is she Chinese btw? What’s your rating on her looks and modeling ability? Do you like stalk her on Internet? Download her pics for use at night with some vasaline?

Marck
Guest
Marck

How To Know You’re In a Mass Hysteria Bubble | Scott Adams’ Blog http://blog.dilbert.com/post/164297628606/how-to-know-youre-in-a-mass-hysteria-bubble

Dave
Member
I had a couple interesting conversations with people this past week on our housing situation that feed into cognitive dissonance about a potential bubble. One business owner said their profits in the last number of years have all been real estate related even though that’s not their business. When I hear that, I always think the end is near. I felt that way about Harley Davidson making more money selling T-shirts than motorcycles and GM making more on financing than cars. If your side hustle is making more money than your day to day business, you need to question what you’re doing because eventually you have to stand on the core business. The other anecdote I am seeing are people in the real estate industry pre-emptively making excuses about housing prices and rationalizing why prices aren’t going to go down.… Read more »
bullwhip29
Guest
bullwhip29
the whole situation has morphed into an unfixable cluster$*&k. the cdn economy as a whole has been singlehandedly carried along for years as a result of tax free windfall gains from real estate and the reckless and irresponsible policies that fuel this entire industry. this is obviously most evident in greater vancouver where real estate is the only game in town and no one plays by the rules anymore. this said, i believe it is finally coming to a boil and we’re about to see what happens when one sits out in the sun for too long. disgruntled average joes can only borrow so much and crooks, thieves and money launderers who have already made their presence felt in a big way are essentially buying and selling to each other now as so many have been forced out or have… Read more »
KickThemOut
Member
KickThemOut

Majority of people are owners, many sitting on some fat tax free gains. The disgruntled average joe seems to be non-owners who aren’t majority of the voter base, and the most vocal ones are the bears who missing out the last decade bull run. Actually, if bears always believed that renters are ahead, that renting are better than owning, etc, etc, etc, why would renters be disgruntled? Shouldn’t they be happy at the happier life, better financial security, and subsidized housing? Unless all that bear talk is a LIE? Told to smooth their inner real hurt feelings?

bullwhip29
Guest
bullwhip29

most owners have also leveraged up as they got bolder and bolder while moving ever so higher on the property ladder. yeah, everything is great until someone misses a rung on the ladder and smashes their teeth out on the freefall drop. any sizeable and sustainable pullback in RE values (of at least 20-30% and then some) will wipe the smiles of many off their faces pretty quickly and suddenly that purchase of a new sports car or other useless toy gets put on hold and so on and so forth. but even as the Titantic sank into the ocean, the band played on…

KickThemOut
Member
KickThemOut

You do realize why the band played on right?

Owen
Member
Owen

I think psychology is important to turning points and short term price moves, but the underlying story is that Toronto builds more.

Bear Vancouverite
Member
Bear Vancouverite
“Builds more” isn’t very specific. Vancouver builds more than enough condos to meet with population growth, but much of those are held by speculators or investors. If we remove speculators from the Vancouver market things will tank very rapidly. I’m including people who rent their condos out at break even or a loss as speculators, and there are tons of these people. I’ve talked to them. A typical conversation might go like this: Me: “So you’re not making any money off of rent” Investor: “Yes but the condo has gone up $100k already this year, I’m just renting out to pay for some of my monthly costs.”. A second typical conversation goes like this: Me: “Are you sure you want to buy that property, nobody’s renting it yet and we don’t evenknow how much it will rent for”. Investor: “yeah… Read more »
KickThemOut
Member
KickThemOut

When did population growth = demand growth? They are correlated but by no means equal to one another. If supply doesn’t keep up with demand, prices go up, simple as that.

what’s wrong with investors stick with stuff they are comfortable with? The quickest way to lose money is to invest lots of money in stuff you don’t know much about, and have little experience in.

Owen
Member
Owen
I think your typical people are quite true-to-life. However… According to CMHC stats, Vancouver metro has built (completed) about as many housing units as we’ve had household formation. This is despite the rise in prices. In the last 10 years, we’ve had 171,722 gross completions (e.g. not net of demolitions) to 163,224 household formations. No doubt household formation would be higher if prices had not gone up. My understanding is that this has not played out the same in Toronto, where they have actually overbuilt in response to prices (based on news articles here, I didn’t add up their numbers). So yes, speculation is a problem. But speculation has been quite successful in Vancouver in large part because higher prices haven’t caused the explosion of supply that one would expect. I suppose this is partly because condo prices were the… Read more »
Ulsterman
Member
Hi Bear Vancouverite, I’m actually responding to your comment two threads ago under the heading of ICBC rates going up. I’m guessing my response there would be too old to be noticed. You said: “I caution anyone reading this type of experience from assuming Vancouver has to follow the same trajectory, because what Ulsterman describes is basically exactly his experience was last year or several years ago.” I value your opinions but i think you may have misinterpreted the intent of my post, so i replied: Bear V: I find i’m motivated to post after escaping for a while from the echo chamber of Vancouver real estate – that’s very true, and you are correct to point out that i suffer from Groundhog Day syndrome each time i return. However i think you’ve misinterpreted the nature of my post. I… Read more »
Bear Vancouverite
Member
Bear Vancouverite
Hi Ulsterman, appreciate the response. I think we both are in the same boat and have gone through the same emotions re: the market. My purpose in responding to your post was to give a balanced view to new visitors that these sentiments have been around for a long time and they don’t mean that a correction is imminent, only that Vancouver grossly overpriced. I lived in the UK for several months in 2010 and came back with the exact same feeling that Vancouver is quite overpriced, yet anyone today would be insane not to buy a condo/townhome/house that was priced at 2010 prices. The bottom line is that in 2008, 2009, 2010, 2011, 2012, 2013 the blog has had knowledgeable posters post time and again how “now is the time” for the crash, and this has probably lead many… Read more »
Ulsterman
Member
I agree, I feel like the old man of the bear camp! I’ve been watching this since BEFORE 2006. What readers don’t understand is that people thought the market was bubbly back in 2004,5,6. It seems incredible now, but sadly i lived it and now regret it. I NEVER get excited when some new regulation or downturn kicks in. Been there, done that. Now i have moved on from hoping for a crash as i know that a) anything but the most cataclysmic crash would still leave prices high, and b) at 45 I’m getting too old to take on a 25 year mortgage. My focus is now getting my stock portfolio high enough to have a livable dividend income stream, and I will use this plus my employer pension to move away from the Lower Mainland when the time… Read more »
Oracle
Guest
Oracle

Psychology? Lol

Have you seen the temp immigration numbers? And psychology to buy $3 million teardowns. LMAO

bullwhip29
Guest
bullwhip29

that’s $11M now, btw…

aaa
Guest

“A mass hysteria happens when the public gets a wrong idea about something that has strong emotional content and it triggers cognitive dissonance that is often supported by confirmation bias.”

who’s been wrong about real estate and who’s been right?

YVR
Guest
YVR
Who was right on Trump? The CNN crowd THINK they were right because they are in the hysteria bubble. After all Trump does not read perfectly from the leftist script. Yet as the blog states the economy is going well, jobs are looking good, North Korea blinked, ISIS is on the ropes, and the Supreme Court got a qualified judge. How dare Trump not read their script. They prefer Obama’s politically correct speeches with a struggling economy and the lowest GDP growth in US presidential history, suppressed black community who can’t find jobs because illegal immigrants take them for less than minimum wage, the creation of ISIS and mass expansion of terrorism around the world, mass shootings and police murders every other week, North Korea building nukes with no opposition, etc. But he reads from their script. On housing who… Read more »
Abdul Lahazi
Guest
Abdul Lahazi

I would like to add that because someone was “wrong” on housing but doesn’t have the timing correct doesn’t mean they are actually “wrong” on housing; they are just early. The problems have been self-evident for years now. So I would say they are actually “right” on housing. It’s the whole mass hysteria cognitive dissonance thing and all.

Ulsterman
Member

I agree with you that the SFH market looks weak and anyone who bought in the last year may be down. But it’s been an 18 year bull market and i cannot see any way to spin this other than it’s been a victory for those who bought for all but the past couple of years. In this time properties have tripled, quadrupled, quintupled. The last SFH i vacated in March went up eight fold since 1999. $294k to $2.4m at the peak. It’s been torn down and is being made into a duplex.

I wish more than anyone reading this blog that this were not the case.

history
Guest
history

in Canada if you can cover your minimum payments forever you win. This is leverage built on ever increasing population.

Borders have to remain open. Banks have to keep on lending, people borrowing.

A bear is ever mindful of increaing Financial terrorism that forces him to pay tithe to the leveraged Bull beast. They will take away Cash from circulation to this end.

FIRE workers, with their e-transfer computers …

YVR
Guest
YVR

Best article I have read in a while.

history
Guest
history

the article provides the smoking gun on why Russia showed up like a jack-in-the-box

KickThemOut
Member
KickThemOut
So the company team building event last Friday turned out to be first going to that Escape Room thing – EXIT with the Chinese character by Richmond Costco, and then Richmond Night Market. I seriously don’t get the hype over Escape Rooms but for some reason all the Chinese girls and guys went crazy over it. As for the night market, holy shit! The line to get in is like an hour+! People are lining up over 1hr to pay $$ to get in so they can pay more $$$ for over priced food and gadgets?! WTFs?? Are people high or something? And the food – almost all deep fried, over priced, and for anything decent, you have to wait in line for 20mins to pay for and another 20mins to 30mins for pick-up, or pay even more $$ for… Read more »
bullwhip29
Guest
bullwhip29

so in other words, the night market is the same as the rest of richmond?

KickThemOut
Member
KickThemOut

Worse cuz other places of Richmond like say Richmond Center don’t require an entry fee or a 1hr wait.

KickThemOut
Member
KickThemOut

Also, the Chinese girls really don’t like to pay for their own stuff. They keep coming up with excuses like oh, I can’t eat so much, maybe we should share? Yeah, sharing alright as I pay full cost and 5 girls swoon in and pick it clean. Lucky for them, the fatty guys with glasses are only too happy to buy them stuff and be all “manly”, especially after some stupid flirts and quick hugs. Maybe you don’t see a lot of Chinese guys with non-Chinese women – independent and don’t need a man for provide for us.

history
Guest
history

bubbly good times in Hongcouver.

David
Guest
David

To be fair I’m 3rd generation born Canadian Chinese and I or my guy friends usually cover the bill for girls. My guy and girl friends include Chinese, Caucasian, Indian and other ethnicities. It’s not a cultural thing, it’s just the way some guys are raised and it’s a nice thing to do for ladies, like opening a door or pulling out a chair.

KickThemOut
Member
KickThemOut

So you believe females are inferior and in need of help?

david
Guest
david

Nope, females are fine, but I believe you may need some help.

Abdul Lahazi
Guest
Abdul Lahazi

Guys just wanna get laid.

Best place on meth
Member
Best place on meth

The reason space down voted you is because he’s an absolute fucking pig towards women.

He’s from the PRC.

bullwhip29
Guest
bullwhip29

Toronto judge approves $500,000 hardship fund for former Sears Canada employees
http://business.financialpost.com/news/retail-marketing/group-of-sears-canada-creditors-wants-to-sue-executives-and-board/wcm/8e211b9f-c597-4027-83b3-48687ec757ff

>>> while not a RE related story, I just wanted to comment on the sad state of affairs when it comes to doing business in Cda and what execs, bankers, priv equity guys etc can get away with. after all is said and done, each employee that was discarded will receive a whopping $172. fast forward a number of months (maybe years) this whole deal gets re-organized and Sears Cda will be brought back to life in some shape or form minus all the excess baggage by the very same scam artists

KickThemOut
Member
KickThemOut

I thought that’s what capitalism is?

history
Guest
history

The (Nafta) talks …. have spent substantial time on digital trade – a new chapter to govern a sector that did not exist when NAFTA was negotiated in the early 1990s – as well as cross-border investment, intellectual property and environmental issues.

https://www.reuters.com/article/us-trade-nafta-idUSKCN1AY1WC

digital money transfer SUBSTANTIAL lack of regulation

Best place on meth
Member
Best place on meth

Turdeau will pull out of the trade talks if he doesn’t get gender parity and transgender friendly clauses put into the agreement.

history
Guest
history

Trudeau better watch very carefully. His pretty boy constutients are big into Digital currency. The shit is on the bargaining table now. Non workers of the world love this heaping pile of laundry money hubris, which is the majority of people on the West Coast and Ottawa, and pretty nearly every one in that bogus bullshit industry known as FIRE

history
Guest
history

‘E-commerce is now the way everybody ships. “The most important element of the NAFTA renegotiation isn’t really about the NAFTA. It’s about establishing e-commerce principles,” Chookaszian told Xinhua.’

http://chinadailyasia.com/articles/233/150/52/1502766852046.html

Asian loopholers wait with baited breath

Shut It Down Already
Guest
Shut It Down Already

And yet you wonder why you’re so unsuccessful in life.

history
Guest
history

hey honey, new high in HK release estate this week, news just out http://www1.centadata.com/cci/cci_e.htm
care to go for drinks later? the bar at the top of Porkertown building, Metrotown?

KickThemOut
Member
KickThemOut

Man ran over leashed dog running next to vehicle then shot it with handgun, Alberta RCMP say

http://www.cbc.ca/news/canada/calgary/coaldale-man-shot-dog-leashed-run-over-1.4252986

Abdul Lahazi
Guest
Abdul Lahazi

“The shooter was described as a white man in his 30s, about six feet tall and weighing between 180 and 200 lbs., with a shaved head. He was wearing sweatpants at the time.”

Well, there’s the problem right there…. a shaved head and sweatpants just do not work together.

history
Guest
history

Space, you have an opinion or analysis on the comparative value, Hong Kong vs Vancouver real estate bubbles, if we can call it that?

Earlier in the week i shot a missile at Mission Abbotsford, the screaming ramp in prices Correlated to the screaming ramp in Mortgage Refinancing in this area. I further targetted this analysis at our resident Fraser Valley RE bull, who has latched his wagon on further immigration from India to support his compatriots RE speculations. ‘presumably their Digital wallets are full.’

Perhaps, Space, you can tear youself away from the Dogmeat, or Starmeat long enough to pic your teeth of soft flesh, carful not to splatter it on your dates blouse

Best place on meth
Member
Best place on meth

This is why we can’t let Alberta pipe their oil through BC.

Because of guys like him.

paulb
Member

New
138
Price Change
41
Sold
186
TI:9761

Just listed: 5288 Ranger Ave North Vancouver. Great house and great value in Canyon Heights. $1,995,000 https://youtu.be/HsdOOfGQAN0 details http://www.clivestevepaul.com/ActiveListings.php/Details/271/5288-ranger-avenue-north-vancouver-bc#viewdetail

StupidityCheck
Guest
StupidityCheck

$2M for North Van is a great value?!

history
Guest
history

value is flippability. So anyone considering a punt at this proprrty would want to ask Fonzi Boenish for a cost history of turnovers the last 20 years or so.

Abdul Lahazi
Guest
Abdul Lahazi

Who is down voting all the comments? Space is that you?

Best place on meth
Member
Best place on meth

He votes down every comment of every poster except for Garth’s pet monkey which he votes up.

Fucking retard should be euthanized.

Shut It Down Already
Guest
Shut It Down Already

Somebody who disagrees with you, dumbass.

Abdul Lahazi
Guest
Abdul Lahazi

Somebody who disagrees with everyone who isn’t you. Hmmm I think we found the culprit. It’s YOU… SINOMAN !!!

Best place on meth
Member
Best place on meth

The monkey can’t upvote its own post.

You had it right the first time.

Shut It Down Already
Guest
Shut It Down Already

Is there some sort of fund to get you an education?

BubbleTea
Guest
BubbleTea

B.C. government trying to seize Richmond mansion claiming it was used for violent crime and money laundering
http://vancouversun.com/news/local-news/b-c-government-trying-to-seize-richmond-mansion-claiming-it-was-used-for-violent-crime-and-money-laundering
Must be hundreds, if not thousands of these houses around the lower mainland.

Best place on meth
Member
Best place on meth

The B.C. Civil Forfeiture Office is attempting to seize a $5 million, 13,000 square-foot mansion in rural Richmond that was allegedly used for illegal gambling, money laundering, kidnapping and blood-soaked assaults.
The sprawling eight bedroom and 11-bathroom property — built on two-acres of Richmond agricultural land reserve — is also at the centre of an anti-gang investigation.

Didn’t even need to see the name of the accused thanks to the keywords that gave away the origin of this piece of shit.

Richmond….gambling….money laundering…..mansion built on farmland….

Ah yes, we know this culture all to well.

franko
Member
franko

“Didn’t even to see the name of the accused thanks to the keywords that gave away the origin of this of this piece of shit”
The address (8880 Sidaway Road) was also a pretty good clue.

Combat Roach
Guest
Combat Roach

Fucking Norwegians are again on it, aren’t they?

Shut It Down Already
Guest
Shut It Down Already

Shouldn’t you be hard at work making signs for the rally?

Abdul Lahazi
Guest
Abdul Lahazi

It is unreal how this one group of people can be such criminal scum and they see it as normal behaviour.

Abdul Lahazi
Guest
Abdul Lahazi

She bought the “recently built, luxurious mansion of over 13,000 square feet” as an investment, and “sourced the down payment” using a line of credit secured against her personal home, the sale proceeds of a Toronto condo, a loan from a friend, and a mortgage from the Bank of Nova Scotia.

And so much for Asian crooks paying by all cash. If this creative financing scheme doesn’t scream “BUBBLE” then I don’t know what would.

bullwhip29
Guest
bullwhip29

paying all cash would set off the alarm bells. the banks are effectively certifying these clients by approving their loans/mortgages. you can bet many of these characters have stacks of cash sitting at Intl Private Vaults or the equivalent and have some personal assistant make systematic deposits and bill payments using these illegal funds

Diadora
Guest
Diadora

Don’t forget to seize the “birth tourism houses” across the lower mainland.
http://vancouversun.com/news/local-news/b-c-aware-of-26-baby-houses-as-birth-tourism-from-china-booms

VanRant
Member
VanRant

I am sure no income from the birth tourism were ever paid by these 26 houses! Where are the CRA

history
Guest
history
from my narrow view on the West Coast, i would say Rob McLister, from his pedestal at CanadianMortgageTrends.com, jumped the shark last year. from TheVerge “Jumping the shark, for those who don’t traffic in pop culture shorthand, is the moment in a television show when it begins its decline in quality. The term is named after the notorious episode of Happy Days in which Arthur Fonzarelli literally jumps a shark. The original Happy Days episode lands at the beginning of its fifth season and is followed by a whopping seven more seasons. At this point in the show, Happy Days isn’t crappy, it’s at its peak. “In this episode, Fonzie is the coolest dude on the show — on television, really — and jumping a shark is actually a parody of coolness. The moment out-cools Fonzie, it crosses this invisible… Read more »
Oracle
Guest
Oracle

So it’s official. NDP just sent a letter to the Greens outlining their agreement and what they will try to do over the next year.

Guess what? Nothing on housing!

What’s the plan now? Recall of MLA or pressure on Greens to topple the liars?

I’d rather have Liberals since at least they don’t hide their corruption.

Yikes
Guest
Yikes

Link

Shut It Down Already
Guest
Shut It Down Already

It’s Oracle.

Oracle
Guest
Oracle

This rally that is happening is it

A) a rally against people of colour OR

B) a rally against open borders and having a discussion about immigration policy (as it affects housing and the job market)?

Huge difference and I don’t trust the MSM.

YVR
Guest
YVR

There are only two types of rallys. White supremacists or Liberals. Liberals are good anyone else is an evil white supremacist, racist, Nazi.

Have you not been watching the news?

history
Guest
history

we’re all liberals now

-carry cash and plastic
-have a bit of gold and silver, but also pay your taxes
-dont have debt you cant finance or handle without thinking you need to enslave the rest of us.
-try not to rock the boat, stay healthy, look after those you love.

there are Massive amounts of people on the financial abbys, and they want chaos and scapegoats. Direct them kindly and compassionately to the Insolvency Broker.

Best place on meth
Member
Best place on meth

These aren’t even liberals anymore, they’re hysterical Marxist afflicted with Trump Derangement Syndrome.

They actually look just as scary as the nazis.

Shut It Down Already
Guest
Shut It Down Already

Right, when admitted white supremacists say they’re going to arrange an anti-Islam protest then anybody who takes offence at that is somehow being hysterical.

Fortunately the fine people of all political persuasions in this city showed them – and you – and these toxic attitudes will never again be tolerated.

You’ll always be in the minority. Enjoy!

YVR
Guest
YVR

So your position is anyone voices opposition to more Islam immigration is a white supremacist, should not be allowed to put that opinion forward and should be assaulted if they do? We know the mass immigration of Islam to Europe has worked out so well so anyone who would want to debate or oppose doing the same in Canada is an admitted white supremacist? No, sorry that is democracy and freedom of speach.

Shut It Down Already
Guest
Shut It Down Already

Your first sentence is such a ridiculous strawman.

You should probably go and read about what these clowns have been posting online, then come back and state very clearly whether or not you agree with them.

Best place on meth
Member
Best place on meth

That position makes no sense.

Space despises muslims and it’s technically impossible for him to be a white supremacist.

Oh dear, the leftist argument falls apart again. They just want to blame white males for everything bad.

Shut It Down Already
Guest
Shut It Down Already

Um, that was YVR trying to agree with you.

Owen
Member
Owen

No one assaulted them, and freedom of speech doesn’t mean you automatically get to speak through a megaphone on the 6 o’clock news. People have as much a right to counter and demonstrate what a tiny minority the white supremacists are.

YVR
Guest
YVR

Look just as scary as Nazis? Why because these Alt Left groups assault people, murder police in ambushes and destroy property at every protest? I don’t see your logic. Clearly you must be a white supremacist by making such a statement.

Best place on meth
Member
Best place on meth

Media hypes it all up, they love this shit and enjoy playing repeats of it 24 hours a day.

Last weekend 1 person was killed in Charlotteville, not even murdered but just killed in the random violence instigated by the leftists, and CNN did nothing but talk about that ONE death all day plus the next. They constantly played footage of a handful of torch wielding losers from the far off fringe of fringes, literally hundreds of times. Every 60 seconds.

Not a peep out of Anderson Cooper and his gang about the 9 blacks murdered by other blacks in Chicago that weekend.

Black lives DON’T matter to CNN, but they love the slogan.

Shut It Down Already
Guest
Shut It Down Already

Killed in the random violence? It was premeditated and therefore murder.

Can’t say I’m surprised who you’re siding with, though.

YVR
Guest
YVR

There you go. Just like the media. You are either in full agreement with the Alt Left, their violence and how the media spin the story or you are a white supremacist.

Best place on meth
Member
Best place on meth

The monkey is making up its own facts, just like the media.

There was no indication of premeditation, the guy mostly likely snapped.

He’ll get convicted of manslaughter, not murder.

Shut It Down Already
Guest
Shut It Down Already

He’s already been charged with murder, dummy.

Shut It Down Already
Guest
Shut It Down Already

That’s not how it works and you know it.

Owen
Member
Owen

A lot of the far left types would be insulted that you called them liberals.

patriotz
Member

“White supremacists or Liberals. Liberals are good anyone else is an evil white supremacist, racist, Nazi.”

Pay attention to the Shift key, pressing it at the wrong time can muddle your message. I have to say, I used to think you were a loud but normal BC Liberal supporter with a rational dislike for the NDP for the usual reasons – taxes, union ties, and so on. But maybe it’s something else that really gets you going?

YVR
Guest
YVR

“But maybe it’s something else that really gets you going?”

Yes, fake news. It is sickening what has happened to the media.

Slava
Member
Slava

Classic Cultural Marxism.

Funkeymonkey
Member
Funkeymonkey

Why didn’t you go? You could have been the handful of trump supporters.

YVR
Guest
YVR

Cracks are forming in the GreeNDP alliance. It looks like Weaver is setting the Greens up to take over as the official opposition party next election when the NDP get tossed from power.

B.C. Green leader critical of B.C. NDP’s minimum wage announcement

Weaver: Looks like the BC NDP just spun British Columbians by doing little and still allowing the foreign trophy hunt.

He added that he’s been continuously critical of the NDP for accepting donations from corporations and unions, since Weaver banned the practice for his party back in September.

https://www.kelownanow.com/watercooler/news/news/Provincial/Andrew_Weaver_has_minimum_enthusiasm_for_wage_increase/

history
Guest
history

Weaver’s Greens uses a data base of individuls with a hard sell message. A constant barage of begging-for-money emails.

Who is getting paid to spam me? What is their ‘cut’?

With this method have they figured out future haul$?
If so, smart people will donate for perks against the known behaviour of the rank and file.

history
Guest
history

is it possible for Weaver to leverage his data dase in the finance markets?

i can imagine a mortgage broker smacking and licking his lips at the possibility.

patriotz
Member

The Greens have very little support in the Interior and among ethnic groups in metro Vancouver who are crucial to winning seats. They have little prospect of improving this in the short term and they know it. That’s why they are so keen on proportional representation – which they wanted implemented without a referendum. Weaver can grumble in public all he wants but he’s not going to blow his chance to get PR implemented next year. He’s knows he’s not going to get a second try – least of all if the Liberals get back with a majority.

YVR
Guest
YVR
“They have little prospect of improving this in the short term and they know it.” In the past yes, in the future we will see. The NDP has always been the only other choice from the governing Liberals (and Social Credit). The NDP get the default protest vote, left vote and vote from anyone who wants “change”. Then after the NDP govern for a term everyone figures out they are worse. The Greens know the NDP will do a bunch of stupid stuff and they clearly have no issue with openly opposing it. Lets evaluate in 6 to 12 months. This could be the NDPs last chance at keeping the second party status. Most lefties will have no problem flipping their vote to Green should Weaver show better judgement now they have been given some power. Right now the Greens… Read more »
Dave
Member

Exactly. Weaver is only in this for PR. If the NDP are smart, they string him along on this and never deliver.

PR would destroy this Province. I’ll probably leave if they do it.

BubbleTea
Guest
BubbleTea

Christine Duhaime tweets: Will Vancouver’s real estate collapse? China issues law prohibiting Chinese from buying real estate in Canada
http://english.gov.cn/policies/latest_releases/2017/08/18/content_281475798846134.htm

Screwed
Guest
Screwed

No mention of Canada. Don’t worry, Horgan will negotiate this.

history
Guest
history

my first instinct: this is why BC Dippers have announced nothing on RE or housing, the Feds told them Proc is taking care of it.

Just me
Guest
Just me

The sad truth is that laws and regulations mean absolutely nothing to mainland Chinese. They live their lives in a legal limbo, ignoring laws to the maximum extent possible. And Canada has no incentives to stop their money from flowing: Canada is the real guilty party here. If we as a country really wanted to enforce our laws and stop these money flows, we could do it in a heartbeat.

history
Guest
history

naw, unless you’re being sarcastic. The rules are changing and are punative to the way of doing things in the past. OFSI is an example. So

Proc is merely notifying its citizens to stop the party, and deal with the hangover

https://househuntvictoria.ca/2017/08/17/population-change-in-victoria/#comments
there are a few clues at VHH. The rise in the student demographic is telling. Go just about anywhere in Vic and you see the Chinese buying RE, age 20-24,

history
Guest
history

Hong Kong property could take a hit as State Council slaps restrictions on dealmakers

http://www.scmp.com/news/china/economy/article/2107392/overseas-hotels-and-soccer-clubs-crosshairs-china-ramps

Just me
Guest
Just me

Evidence of Chinese students channeling money into real estate for their “parents”.

“In conclusion, the driving force behind capital region population increases between 2011 and 2016 is not seniors but rather university students and working age adults primarily between the ages of 35 and 50. ”

These guys are legal residents. But the money comes from China.

Best place on meth
Member
Best place on meth
Damn, for some reason I thought the protests were supposed to be downtown, then I accidentally stumbled upon them while shopping and realized they were at city hall. First came the sight of roads blocked by the police, then came the unbearable stench of shrill SJW’s in the air, and finally I saw them. There must have been literally HUNDREDS of them, all with their cute little homemade signs containing the words “racist” and/or “hate”. Meanwhile, the other 99.99% of Vancouver residents who don’t give a shit about either side in these stupid demonstrations and don’t feel the need to go screaming their idiotic opinions in the streets and provoke each other while spouting their indoctrinated self righteous bullshit, well those people just went about their usual business and enjoyed another beautiful sunny Saturday. It’s a shame the media gives… Read more »
Shut It Down Already
Guest
Shut It Down Already

Shopping for a change of clothes?

UBC in Crisis Mode
Guest
UBC in Crisis Mode

1896 Wesbrook Cres. listed $11,680,000
http://www.realtylink.org/prop_search/Detail.cfm?MLS=R2188320&REBoards=All&From=MLS

CRA should look into the capital gain tax, as it has been empty for all those years.

Sale Date
May 2, 2015
Sale Price
$6,100,000

Sale Date
August 18, 2013
Sale Price
$5,000,000

Sale Date
May 11, 2011
Sale Price
$3,880,000

CRA221
Guest
CRA221
Shut It Down Already
Guest
Shut It Down Already

Why? It’s not sold yet.

patriotz
Member

“CRA should look into the capital gain tax, as it has been empty for all those years.”

If it’s been empty, CRA would treat the owner’s intention as flipping and the gains would be fully taxable as business income.

FP article

bullwhip29
Guest
bullwhip29

baby steps first. if CRA can get at least get some of these weasels on the principal residence exemption, then I’d be content for the time being. for those that are in the RE business for all intents and purposes the gains should definitely be treated as income and fully taxed

Best place on meth
Member
Best place on meth

I just had a look at the platform of the “white supremacists” (according to the fucking monkey) who were supposed to putting on the original demonstration today, until the SJW’s showed up early to shout them down.

http://capforcanada.com/platform/

Wow, they are truly evil and horrific people.

Owen
Member
Owen

The Devil is in the details they don’t want to mention.

Best place on meth
Member
Best place on meth

They don’t want to mention these “details”, but you know all about them.

Where did you hear about them?

Best place on meth
Member
Best place on meth

Still not a peep out of all-knowing Owen.

Tell us about the fucking details already.

Owen
Member
Owen

This is what they admire:
https://www.youtube.com/watch?v=P54sP0Nlngg

As I’m sure you already understand, the “platform” you linked to is a bunch platitudes meant to be innocuously vague. It’s kind of like how Trump was going to make amazing, nearly free health care that covers everyone while cutting taxes and eliminating the entire federal debt in two terms.

It’s not my job to make their points for them. They should go ahead and explain their philosophy and exactly what they mean or it’s reasonable under the circumstances to assume they’re hiding their true intentions, especially when people associated with the protest clearly fans of the racist alt-right.

Best place on meth
Member
Best place on meth

Bullshit, you’re trying to link the Canadian group to white supremacists in the USA with zero proof – just like the fanatical left try to do with Trump.

How about providing real evidence instead of posting a random video that has nothing to do with CAP.

Your full of it, Owen. Just making shit up like CNN does

Owen
Member
Owen

Trump called Mexican immigrants majority murderers and rapists. Yes, he’s racist.

The Canadian organizer of the Vancouver anti-Islam protests shared alt-right (read “white supremacist”) memes and slogans, including an image glorifying the car that was used to kill an innocent protester in Charlottesville. Of course these weasels try to claim they’re not actually racist. If you don’t want to be “seen as” racist (even though you are), don’t associate yourself with racists and try to claim that they’re not racist when they quite clearly are.

Best place on meth
Member
Best place on meth

You’re full of shit again, Owen. Either stupid or a liar.

Trump wasn’t talking about IMMIGRANTS when he said that, he was talking about illegals sneaking across the border. Those aren’t fucking immigrants, they’re criminals. All of them.

And among those crossing illegally, Trump correctly pointed out that there were murderers and rapists among them.

I’ve heard this lie repeated many times by the likes of CNN and other anti-Trump people and you are either so weak minded that you’ve been conned into believing the lie, or you are complicit in knowingly spreading a lie.

Race baiters like you need to be called out every time.

Shut It Down Already
Guest
Shut It Down Already

They’re just regular dumbass nationalists but weren’t the only group present yesterday. You know this.

YVR
Guest
YVR

I watched the local news and checked out videos online. Other that some hysterical Alt Left protesters getting arrested the only thing they could show for “Nazis and White Supremacists” was a normal looking guy quietly holding a sign about stopping illegal border crossings being verbally attacked by the Alt Left. The whole thing was fake news.

Best place on meth
Member
Best place on meth

CNN condones leftist violence, this is not a news organization anymore. It’s a TV show with a political agenda.

http://hotair.com/archives/2017/08/19/cnns-take-antifa-peace-violence/

Antifa activists often don’t hesitate to destroy property, which many see as the incarnation of unfair wealth distribution.

Scott Crow is literally saying his group breaks the law (assault, vandalism, etc.) when it determines people are “evil” and delivers extra-legal justice.

The left’s secret society of masked vandals is growing and they are seeking to normalize political violence. People who feel they can act above the law (so long as it’s for the right reason) are a danger to all of us. Responsible Americans should condemn Antifa rather than tolerate them.

Shut It Down Already
Guest
Shut It Down Already

You do realize that the people who organized the original protest didn’t dare to show up?

YVR
Guest
YVR

You stated: “They’re just regular dumbass nationalists but weren’t the only group present yesterday.”

Does “present” not mean they showed up? Again, it was fake news from the start for a protest nobody would have heard about or noticed had it not been for the media creating it.

Looks like your buddies did a nice job throwing bottles, assaulting people and rioting in Quebec.

All to go against “a group that claims to be against radical Islam and lenient immigration policy” . How dare someone be against radical Islam. Wow the Alt Left has truly lost it.

http://montrealgazette.com/news/local-news/hundreds-of-counter-protesters-swarm-far-right-la-meute-protest-in-quebec-city

Shut It Down Already
Guest
Shut It Down Already

Thanks for making it crystal clear which side you stand with.

YVR
Guest
YVR

Excellent rebuttal. Did you plagiarize that from CNN?

Shut It Down Already
Guest
Shut It Down Already

There was nothing to address except from your clearly ridiculous claim that those in Quebec are “my buddies”.

No denial, though? Interesting.

YVR
Guest
YVR

Keep with that narrative. You either support the violent protests of the Alt Left or you are a Nazi. Got it. Now go back and watch CNN to reassure yourself.

Shut It Down Already
Guest
Shut It Down Already

That’s your narrative, not mine. The fact remains you’re enthusiastically defending one side and ruthlessly attacking the other whilst perpetuating dumbass terms like “alt-left”.

For the record, I do not support the violent element of the anti-Nazi protestors. But I do stand against bigotry and hatred along with the vast (vast, vast) majority of people. You seem to have difficulty stating your position, for some reason.

YVR
Guest
YVR

My position is you are an idiot. Clear enough? I stand against idiots trying to influence any discussion by pulling the race card or Nazi card when ever someone disagrees with them. It is pattern you repeat often on this blog. I feel bad for people that have to interact with you in real life. I bet the racist accusations are a daily thing each time something doesn’t go your way.

Shut It Down Already
Guest
Shut It Down Already

You don’t think using racial slurs constitutes being racist then? Good to know. Out of interest, what discussion are you trying to have?

The pattern is repeated for reasons that should be obvious. It has something to do with h this no longer being a real estate blog.

And make no mistake – I don’t spend my time with angry, unsuccessful people like you and BPOM.

(By the way, I stole the “against bigotry and hate” bit from Trump’s twitter feed. That must confuse the fuck out of you)

Slava
Member
Slava

Generally everyone is racist in some ways in varying degrees, especially the Mandarin Invaders.
Get over it already. No one cares…

Best place on meth
Member
Best place on meth

He won’t admit the mandarins who hijacked the Richmond strata council are racists.

Classic hypocrite and race baiter.

Slava
Member
Slava

We should all proclaim that we are all racists to varying degrees as are the Mandarin Invaders, and all other ethnic groups, so he finally shuts up…

China does not allow foreigners to purchase residential real estate. So they are racist as well.

Best place on meth
Member
Best place on meth

You got that, YVR?

The serial race-baiter doesn’t spend time around people like you and me, the deplorables 🙂

Mr High and Mighty only associates with other unhinged leftists like himself.

It’s all about tolerance and diversity.

Shut It Down Already
Guest
Shut It Down Already

Congratulations, you win the Logical Fallacy of the Month award for suggesting that people who don’t associate with toxic hate-spewing filth such as yourself are somehow intolerant.

I’m happy for you that have another friend, though.

Slava
Member
Slava

Bingo! Its a special Vancouver Snowflake.

Best place on meth
Member
Best place on meth

Yeah, Alt left is meaningless.

Call them what they really are, totalitarian Marxists of the most vicious kind, and too stupid to even begin to see their hypocrisy when they wave those peace and love signs while hissing and shrieking at everyone who has a differing opinion and threatening them with violence
The limited vocabulary is also a telltale sign of mindless useful idiots, they call everyone they don’t like a Nazi.

Over and over and over…”Die Nazi scum!!” at the guy quietly holding up a sign asking for illegal border crossings to stop.

https://www.youtube.com/watch?v=sqMpFL5x10U

These people are sickening to watch, they want to do away with free speech completely.

Slava
Member
Slava

Both sides are created by the media and Soros Money.

There needs to be 3000 people protesting the housing issue here, surgery wait times, population replacement, massive tax evasion in real estate, etc. But regular people are too busy working to keep their head above the water.

Abdul Lahazi
Guest
Abdul Lahazi

More like they didn’t “care” to show up…

Slava
Member
Slava

This (protests) is all staged theater. But you know this.

history
Guest
history

…the reality is that hundreds of thousands of Lower Mainland families are saddled with record debt owing to the high cost of home ownership. An economic shock — a sudden jump in unemployment or a spike in interest rates — would deliver a blow to many of these heavily indebted households.

A sharp housing-market correction would also hurt Metro Vancouver homeowners and could tip the region’s economy into recession. Some economists estimate that a 20 per cent drop in property values would shave at least $100 billion from net worth in Metro Vancouver.

The history of housing booms around the world suggests that an extraordinary, multi-year run-up in real estate prices, like the one experienced in the Lower Mainland, raises the odds of a subsequent painful market correction.

And should one occur, many analysts will likely see it as overdue.
http://www.timescolonist.com/opinion/columnists/jock-finlayson-odds-rising-of-a-painful-housing-correction-1.22011531

bestplaceonearth
Guest
bestplaceonearth

This kind of fear mongering is dime a thousand. Do tell, how many years have you been posting these? why are you so scared to get out and enjoy the summer once a while.

Slava
Member
Slava

Facts and truth hurt for some, but they are still facts and still the truth. I was born and raised in Vancouver in the early 70’s.

Oracle
Guest
Oracle

Not happening IMO. Got to adjust…

Lower mainland will be Asian majority.

Slava
Member
Slava

It already is, and because of that and more people every decade competing for the same space, the quality of life is down significantly every decade since the 80’s.

It has been population replacement in the Lower Mainland because boomers and their establishment needed money, and thus sold out like cheap whores.

With an Asian Majority it will eventually turn into the same holes that they are running from.

BubbleTea
Guest
BubbleTea

Bental and Retirement Concepts up for sale soon…
“Beijing has also ordered Anbang to sell all of its overseas assets, according to Bloomberg.”
https://www.pri.org/stories/2017-08-19/china-puts-new-restrictions-its-companies-foreign-spending-sprees

Abdul Lahazi
Guest
Abdul Lahazi

Not owned by Anbang, but maybe Grouse too? Hopefully.

bullwhip29
Guest
bullwhip29
Best place on meth
Member
Best place on meth

The Turd should be grilled daily in Parliament about this and a criminal investigation must be launched against him.

He has committed treason.

Some of the purchases Anbang has pursued in the U.S. and Europe have failed because regulators and investment bankers haven’t been able to figure out who owns the company. The New York Times sent Chinese-speaking reporters and assistants into remote villages and office towers. They found a fuzzy picture of almost 40 shell companies linked to the Anbang chairman’s wife, the granddaughter of former Chinese leader Deng Xiaoping; Chen Xiaolu, the son of a notable general; and a few, little-known Chinese state-owned companies.

Legal experts point out the remarkable speed with which this deal was approved by the federal government, considering the layers of ownership and the sheer task of translating and verifying supporting documents from Chinese to English.

Oracle
Guest
Oracle

It is clear now that the anti-immigrant forces (not racists) have been pummelled into submission by the machine by telling them they are racists. Lol

It’s up and away for real estate. And us south Asians and Asians will inherit the Lower mainland. Without a shot being fired. Haha.

Best place on meth
Member
Best place on meth

Soros and his army of useful idiots certainly have been stirring up a lot of trouble lately and they probably think they’re winning.

When they push too far they’ll suddenly be reminded that the conservatives have all the guns.

Best place on meth
Member
Best place on meth

Macau’s ATMs Are Using Facial Recognition to Help Follow the Money

https://www.bloomberg.com/news/articles/2017-06-28/macau-atms-need-face-time-before-payout-to-help-follow-the-money

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.

Regulators in the world’s most lucrative gaming hub are deploying machines with “Minority Report”-style technology to keep tabs on capital outflows from China and watch for potential money laundering schemes. China UnionPay Co.’s network is the first to use the software, which will be installed in all the city’s 1,200 cash dispensers.

President Xi Jinping’s government is trying to curtail the overseas shifting of currency that helps suppress the value of the yuan and drain capital reserves.

Best place on meth
Member
Best place on meth
Abdul Lahazi
Guest
Abdul Lahazi

How will facial recognition work when the faces all look the same…

Shut It Down Already
Guest
Shut It Down Already

YVR, would somebody who challenged Abdul on his statement be “playing the race card” in your opinion?

Asking for a friend.

YVR
Guest
YVR

I think your time would be better spent hurling bottles at the police as a counter protester.

Best place on meth
Member
Best place on meth

Bottles filled with urine, as the “anti-hate” groups tend to do.

KickThemOut
Member
KickThemOut

personal experience?

Shut It Down Already
Guest
Shut It Down Already

So you’re a clueless as the others here then? Figured as much.

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