Friday Free-for-all! September 1st 2017

It’s the end of another work week 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:

Tax land
Flippers triggered crash, not subprime
market to cool slightly in 2017
Wealthy cashing in on property tax deferment
Odds of rate hike grows
Quantitive easing drives house prices

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

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southseacompany
Member
southseacompany

“Richard Florida: The Urban Revival Is Over”, New York Times

https://www.nytimes.com/2017/09/01/opinion/cities-suburbs-housing-crime.html

“For all the concern about the gentrification, rising housing prices and the growing gap between the rich and poor in our leading cities, an even bigger threat lies on the horizon: The urban revival that swept across America over the past decade or two may be in danger. As it turns out, the much-ballyhooed new age of the city might be giving way to a great urban stall-out.”

Abdul Lahazi
Guest
Abdul Lahazi

Morneau calls nervous Liberal MPs as backlash to small biz tax proposals grows :

https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=OGTH1817&mobile=false

GT’s readers must be up-in-arms and emailed Morneau when Turner published the guy’s email address in his blog last week.
The tax system for business owners is being misused and abused and I am all in favour of these tax changes and it’s about time this was done.

YVR
Guest
YVR

Rather than go after the people who work hard, provide jobs and valuable services it may be better to go after those who seem to get away with paying no income taxes yet are rich. Or those that pay minimal tax in the RE speculation industry and provide nothing to the economy other than high housing prices. Most small business owners who they are targeting already pay lots of taxes and are the backbone of the economy. This is like CRA going after waitresses and hairdressers.

Abdul Lahazi
Guest
Abdul Lahazi

I have actually read the proposed changes and they won’t affect most small business owners too much; it is people making over $250K a year with income to spread around into investments and paying of family members who really don’t work in the business, these are the people that will be affected. There is no question that this system is being abused. The complainers are mostly from the tax, financial planning, and accounting industries who are fanning the flames of fear with tactics to incite business owners to complain to government on their behalf. I do also see some movement in the CRA going after property flippers such as:

http://vancouversun.com/news/local-news/surrey-man-sentenced-fined-for-real-estate-income-tax-evasion

CRA221
Guest
CRA221

Rent is due today. My spouse is a doctor and I have a 6 figure job and people wonder why we rent. Our building manager thinks we have some substance abuse issues or something because how can people with our salaries not afford Vancouver. The money must be going elsewhere?

No we’re just priced out forever and I’m reminded of that every time I cut the rent cheque to my landlord. I’ve accepted it though. The sooner you accept something and move on, the sooner it clears in your mind.

Happy rent day everyone, both payers and those who bought and are landlords collecting a big chunk of my salary!

history
Guest
history

I could probably afford two mid siaze vans with your rent cheque. Or maybe buy one van and budget 6 months of fuel.

YVR
Guest
YVR

Every time I pay my rent I think thanks landlord. So nice of you to subsidize my wonderful lifestyle.

history
Guest
history

Why feed the beast at all?

Best place on meth
Member
Best place on meth

I never think about rent day.

Professional landlords use direct withdrawal and I don’t notice a thing.

would-be buyer
Guest
would-be buyer
I hear you. I am a lawyer and our family income is well north of $200K, but we rent as well. I can’t imagine us ever owning in this city and it’s very troublesome to me. I thought if I did all the right things: professional education and good job making high 6 figures, we would be set. In fact, we rent a space (albeit in a nice neighbourhood) that is equivalent to how I was raised ( but less private) in the late 70s with parents who rented similar accommodations but only had a grade 8 and 10 education and never earned more than $50K. My mother was a waitress and my dad was barely employed. How is this progress? How do I tell my child that if you go to school for a very long time – perhaps… Read more »
Free Hat
Guest
Free Hat
I know exactly what you mean. I examined a Plaintiff last week and he earned around $45,000/year working on a factory line, but made 300-500k a year in capital gains. He said he would buy and flip multiple condo units per year as “it’s super easy to make money and there is no end in sight”. The whole thing is baffling as there are many units available for sale and rent here in Toronto; no one who is earning more than $20k a year is living on the streets here, I assure you. I have nothing against people who are willing to put up their own money to speculate on future gains; however, this begs the question as to how long can this charade possibly last. If everyone is flipping properties to one another, eventually a point will be reached… Read more »
ostritch
Member
ostritch

On,y one problem… how can you be sure demand is fictitious when Trudeau just created a 10-yr visa program that lets anyone and everyone own a residence here while visiting for 6 months a year?

Royce McC
Guest
Royce McC
Re: the speculator, if there’s a legitimate CRA case there, take a real look at reporting it if you want. But once you weigh the pros and cons and make a decision, be done with it (i.e. don’t let it gnaw at you). You can’t let any of this BS haunt you (I don’t always succeed in this myself, but it’s worth the effort). My family is also “statistically rich” (we both earn well, we have 2 young kids). We rent a detached place in a nice neighborhood (price-to-annual rent ratio just shy of 40). In terms of dealing with the advantages of those born early enough to benefit from this mess, I don’t have a suggestion for “competing”. That’s because you can’t compete with an economic system that is tilted against the young and the poor. My suggestions for… Read more »
ostritch
Member
ostritch

To become the best mouse on the wheel. How will that make anyone feel better?

Slava
Member
Slava

Very well said! I am in a very similar position.
The problems in this city and lower mainland are becoming acute.

It has been wholesale population replacement by the government and the willing baby boomers in selling this province to moneyed foreigners for short term gain, like cheap prostitutes.
Long term pain is coming.

ostritch
Member
ostritch

Wholesale population replacement. I agree with that. I can’t see it ending because surely every generation has been replaced by the next with the best, the brightest AS WELL AS the toughest, meanest and hungriest at the top . This time, it’s gone global. The best cities in the western world are the prize accommodation. Just wait until China gives its citizens free access to capital markets. Stocks will become as dear and as housing.

Slava
Member
Slava

Only Canada Australia have gone too far.
What is the end game for these countries? Have a foreign population colonize your major cities and country, turning it into their dominant mono-culture, and then what is left? Even for the offspring of the current local elite enabling all of this.

ostritch
Member
ostritch

I fell bad for you but you’re still having trouble getting it. I reported someone to the CRA once and nothing happened. There have already been articles saying how the CRA goes after the taco stand that doesn’t pay taxes but not the imported property flipper. And then, of course, law school and the academic trip there is something else isn’t it? Relentless immigration and multiculturalism are the only lessons given out. Patriotism, border control and other ways of tallying up the costs of open borders is never even presented in one lecture let alone one course.

KickThemOut
Member
KickThemOut
bullwhip29
Guest
bullwhip29

as it so commonly is, what is generally not accepted in civilized western societies (aside from the usual white collar crimes) is OK in China presumably for a price
http://vancouversun.com/news/local-news/disgraced-b-c-teacher-employed-by-beijing-school

KickThemOut
Member
KickThemOut

Shut up fucker…no real Canadian teacher even do anything disgraceful. Only 3rd world scums try to abuse their position as teachers. Canadians are civilized and moral who never ever abuse authority or break ethics.

Why do you try to smear Canadians good name? Why are you being a fucking traitor?

bullwhip29
Guest
bullwhip29

you completely missed the point (again)…

this teacher most likely accepted deal whereby he would stay quiet and conveniently disappear out of sight. the relevant point was that a school in china allowed him to teach there putting their own students in jeopardy. now, why exactly would any sensible minded person allow this? the only logical answer is that they received some sort of favor in return. perhaps this organization has ties to Richmond and they wound up getting a free pass on something? just sayin….

Joe Reality
Guest

“Many people assume that aircraft lavatories dump overboard when they are flushed; they do not. The aircrew cannot dump the wastewater in flight because the waste valve is located on the exterior of the aircraft and only ground crew can operate valve.”

https://www.faa.gov/about/office_org/field_offices/fsdo/ord/local_more/blue/

More fake news from the MSM.

KickThemOut
Member
KickThemOut

Please…such naivety. Just because there is valve on the outside doesn’t mean there isn’t also a bypass / override to dump it from inside. Especially when it’s cheaper and easier. It is an integrated world now. You have to open your small mind and learn about how rest of the world do business, instead of thinking everything is fake news.

Don’t believe me, just ask Oracle on how this stuff is done. And this is only the stuff that gets reported.

Shut It Down Already
Guest
Shut It Down Already

It said that in the article! So perhaps you should actually read the news before you declare it fake?

“Aircraft lavatories have tanks attached to them to store waste. These are emptied at airports by the ground crew on landing. However, some excreta can be discharged mid-air in case of a leakage due to technical faults. These are converted to ice at high altitude and fall off the plane’s surface.”

Presumably this is an issue of maintenance/incompetence.

Best place on meth
Member
Best place on meth

Space, a frozen piece of Indian excrement still has 1000X more value than a communist chinese.

And that ratio keeps rising every day.

KickThemOut
Member
KickThemOut

Priorities! No toilet but rockets to space. Maybe U.S.S. Enterprise was build by Indians and that’s why there is no toilet on the ship.

http://www.zerohedge.com/news/2017-03-08/india-no-toilets-well-send-rockets-space

history
Guest
history

Space, diid you watch the BlueJay game on BellMedia today? And did you see the TDBank commercial?

there is a Punjabi woman trying to make it to the ATM machine (representing electronic banking). She has to cross a barrier on the street curb, put up for a running race or triathalon, or some such. She looks around to see if anyone is watching, shrugs her shoulders and dips below the caution tape. She immediately has to navigate a herd of non indian people running past her. She makes it to the other side, dips below the regulation tape…. and gets her ATM fix, happy woman!

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

“”Often our employees are working on a track, or under a bridge . . . and are sprayed with human excrement,” said CN’s Mark Hallman.”

Fuck, we’re turning into china even faster than I had realized.

paulb
Member

New
171
Price Change
36
Sold
153
TI:9192

http://www.clivestevepaul.com

would-be buyer
Guest
would-be buyer
Abdul Lahazi
Guest
Abdul Lahazi

Alibaba is probably a fraudulent company and it will collapse eventually.

http://fortune.com/2015/09/18/alibaba-faking-numbers-hedge-fund/

And I keep thinking of Sino Forest, another Chinese fraud company. Same thing.

would-be buyer
Guest
would-be buyer

Can you imagine if the press called Amazon a fraudulent company? The uproar! The fact that you can (rightly) describe Alibaba as fraudulent / problematic informs me that the powers that be are either ignorant or willfully blind when it comes to Chinese investment in Canada. I hope it’s the latter.

would-be buyer
Guest
would-be buyer

sorry. former.

QuantRhet
Guest

Rental volumes were up for August. Growth is probably from people moving out at the end of summer. Prices didn’t budge though.

http://quantitativerhetoric.com/monthly-rental-report-august-2017.html

kabloona
Member
kabloona
Here’s one for BPOM…. 😉 “Man charged with trying to steal robotics firm trade secrets” https://ca.finance.yahoo.com/news/man-charged-trying-steal-robotics-154925209.html “BOSTON — A dual Chinese and Canadian citizen tried to steal valuable trade secrets from a Massachusetts surgical robotics company, federal prosecutors said. Dong “Kevin” Liu, 44, was spotted Monday night by the chief executive of Raynham-based Medrobotics Corp. in the company’s conference room with three open laptops, according to authorities….. ….When he was arrested, he was in possession of two laptops, an iPad, two portable hard drives, 10 cellphone SIM cards, two digital camcorders, at least two flash drives, and other equipment that can be used to obtain data from computer networks, prosecutors said. Liu was charged Thursday with attempted theft of trade secrets and attempted access to a computer without authorization in order to obtain protected information, according to the U.S. attorney’s… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

china doesn’t allow dual citizen ship. he should have lost his chinese citizenship as soon as he took canadian. but of course he could simply not tell china and therefore keep both citizenships.

Oracle
Guest
Oracle

Dual names or identities if you want to call them that.

Best place on meth
Member
Best place on meth

I wonder what his sentence will be?

He should be executed and his corpse air dropped on one of those fake islands, but he’ll probably get something ridiculously lenient like 10 years in prison.

Combat roach
Guest
Combat roach

Canadian citizenship… a LOCAL motherfucker, right.

Best place on meth
Member
Best place on meth

I wonder which part of Richmond this “Canadian” lives in.

I bet he’s a huge hockey fan.

Oracle
Guest
Oracle

http://vancouversun.com/opinion/columnists/douglas-todd-three-million-snap-up-canadas-10-year-visas

Here’s the reason for the spike in prices and rents. 150,000 foreign students in metro Vancouver + all of their parents on 10 yr visas.

1.4 million Chinese with these visas. Free to come here and have anchor babies.

Solution: limit stay in Canada to 90 days for any 12 month period. Not the fucking 364 days out of the year if you cross into the USA for 1 day mid way.

Hope Canadians wake up fast.

Oracle
Guest
Oracle

MSM openly touting it. Ow that nothing can be done.

Moron Canadians let this happen.

history
Guest
history

Canadian immigration policy isnt determined by Canadians, or else you wouldnt be here.

Slava
Member
Slava

As history says, economic migrants like Oracle-jinder Punjabs, etc would still be stuck in Khalistan.

It is the old Canadian free-masonic elite and their proxies in the media and governments responsible, as they get richer and nullify the threat of the masses by divide and conquer.

Oracle
Guest
Oracle

Down voted? Hahaha

Ok so millions coming here have no effect on rents and house prices. Good grief.

ostritch
Member
ostritch

Too late to wake up.

kabloona
Member
kabloona

“Why Bother With Stocks in Vancouver’s Relentless Housing Market?”

https://www.bloomberg.com/news/articles/2017-08-31/why-bother-with-stocks-in-vancouver-s-relentless-housing-market

🙂

“In the spring of 2012, Dustan Woodhouse, then a 40-year-old Vancouver mortgage broker, broke the cardinal rule of saving for retirement: he liquidated his retirement fund, took the tax hit and plowed the rest into the local real estate market.

“People told me I was crazy,” says Woodhouse, 45, whose plan is to buy and have paid off 10 such investments by his late sixties. “But that’s our pension — that’s what that property is.”

Abdul Lahazi
Guest
Abdul Lahazi

He is late to the party.

Shut It Down Already
Guest
Shut It Down Already

He started in 2012, so hardly late. He’s just persuaded himself that past performance is an accurate predictor.

Just me
Guest
Just me
Through a friend, some interesting stuff from Robert Valeriote’s newletter (excerpt): …here is a more specific breakdown of the Vancouver market activity. On the Westside condos in the $400-$500,000 range are the hottest seller. Investors love them. Condos and townhomes in the $500- $2.500,000 are also in high demand. Detached homes on the Westside priced between $2.2-$4,500,000 have seen the most activity. The Oakridge area has seen the strongest demand for detached homes recently. On the Eastside, condos between $400-$500,00 are most in demand and the market between $500-$1,500,000 is also very strong. Detached homes priced between $1,000-$1,250,000 is the most active while the $1,250-$1,750,000 is also very strong. The most demand for detached homes is seen in Fraser, Hastings East and Mount Pleasant. Do call me to find out what is happening in your particular neighbourhood. Right now, there… Read more »
Just me
Guest
Just me

Incidentally, there is multiple comfirmation that Chinese “investors” have permanently removed a large shunk of SFH inventory from the market. Many of the property purchased and left empty are effectively out of the market.
Thanks to our elected representatives and politicians of all stripes to encourage this terrible behavior.

Hyper-mega-Bull
Member
Hyper-mega-Bull

There is plenty of.blame to go around. The citizens who denied it was happening, or tried to silence others with accusations of racism, or justified and rationalized it justified it have to take their share. Ultimately we are were we are because vancouverites are ignorant ppl

Just me
Guest
Just me

Many properties have been bought by indirect proxies of the government of China. There is discussion in several countries that this might be a more common theme than previously thought.

Best place on meth
Member
Best place on meth

“The citizens who denied it was happening, or tried to silence others with accusations of racism”

I wouldn’t call those scumbags “citizens”, I would call them vermin, the media, politicians, greedy homeowners or shut it down already.

None of them deserve to be alive.

ostritch
Member
ostritch

Hell ya. +1

ostritch
Member
ostritch

Why doesn’t Trump push China on North Korea by saying it him off or no more Manhattan, no more San Francisco or LA?

Shut It Down Already
Guest
Shut It Down Already

A property being lived in is also out of the market indefinitely, of course.

Combat roach
Guest
Combat roach

Clever you are. Properties are for people to live in and not for fucks to park their shit in.

Shut It Down Already
Guest
Shut It Down Already

Clearly you’re not a property owner, as if you were you’d really not appreciate being told what you can and cannot do with your own shit.

Just me
Guest
Just me

Houses are for living in. He is right. They should be treated differently from purely financial investments.

history
Guest
history

Sorry, you are wrong. Houses are for a) flipping, b) to be left vacant to deal with global overbreeding, c) to be in constant state of upgrade to provide national GDP and keep working man plebes quite.

Vehicles are for living in

Shut It Down Already
Guest
Shut It Down Already

Where do you expect landlords to come from?

Abdul Lahazi
Guest
Abdul Lahazi

Hell ?

Best place on meth
Member
Best place on meth

Hell is where I expect them to go to.

patriotz
Member

Of course, property owners are told what they can and can’t do with their holdings. It’s called zoning, and most owners are for it. If you own a condo, there’s another layer of control, the strata council, and most owners are also for it. If you rent it out, that’s a business, and the government regulates all businesses.

As far as the tax system goes, there is a huge distinction between principal residences and other properties. Those proposing penalties on speculative ownership are simply expanding on this distinction, not creating it.

Shut It Down Already
Guest
Shut It Down Already

So show me a strata council that’s voluntarily banned unoccupied units, then, if it’s such a popular idea.

Just me
Guest
Just me

Sure. But that is why we have forward looking, active local governments. If they collude with greedy speculators, we are all screwed eventually.

patriotz
Member

“A property being lived in is also out of the market indefinitely, of course.”

The owner-occupiers are also out of the buying and renting markets on the demand side.

Abdul Lahazi
Guest
Abdul Lahazi

“With our rapidly rising condo prices, many people have sold their condo and moved into a detached house. The price discrepancy between condos and detached homes is the narrowest I have ever seen. Quite a surprise actually.”

This indicates to me there will be a decline in condo prices which has happened previously when this ratio gets too close.

LS in Arbutus
Guest
LS in Arbutus

SFH west side sales are DEAD. Yeah, about 20 houses sold in the $2.2 to $4.5 million range as compared with 10 about that. And thes houses that are selling are the ones that are listed below assessed and sell 10% (or more) below. (I am generalizing) MOI is HUGE…. I will be interested in seeing the official stats for August.

NDP
Guest
NDP

Valley prices continue to go up. Basically people priced out on low end now. Who cares if $4 mill house hours to $3 million. In Valley a 500K house went to $1 Mill in 2 yrs.

Best place on meth
Member
Best place on meth

Thanks for the info, Oracle sockpuppet.

Shut It Down Already
Guest
Shut It Down Already

So 20 sold, but what’s the historical norm for August?

Shut It Down Already
Guest
Shut It Down Already

How does that stat about $2.2-4.5m homes align with your previous statements about capital controls working?

southseacompany
Member
southseacompany

“Canadian government is making the right moves in cracking down on lending practices: Neil MacDonald”, CBC

http://www.cbc.ca/news/opinion/canadian-government-lending-1.4272195

“So, smart experts disagree, just as they disagree on the importance of the $12 trillion or so (yes, $12 trillion) printed by the world’s most important central banks since the 2008 meltdown. That ocean of money has unquestionably fueled the rise of stock markets, and probably real estate markets.”

“It may also be fueling the next crash.”

southseacompany
Member
southseacompany

“Loonie surges amid expectations of interest rate hike”, CTV

http://www.ctvnews.ca/business/loonie-surges-amid-expectations-of-interest-rate-hike-1.3571421

“The Canadian dollar surged Friday, briefly cresting above 81 cents US, as expectations of an imminent Bank of Canada interest rate hike increased ahead of the holiday weekend.”

history
Guest
history

My area in Victoria is like the Home Hardware house flip/reno TV commercial via BellMedia prior to todays Blue Jay game opening pitch.

Did anyone catch it?

Caucausian woman wife and brown skin East Indian hubby look at each other haphazardly as they enter the house FOR THE FIRST TIME. This is because they bought it online, sight unseen. After a few seconds they are laughing as kitchen sinks and toilets are seen being thrown high in the air, as hubby takes a Firemans Axe to the house.

The commercial wraps up with the women closing kitchen blinds so she cant see dumb neighbour whitey old guy in his underwear, relaxing in his backyard.

indebted home moaners helping indebted homeowners jingle in the background….

ok, play ball.

kabloona
Member
kabloona

Yeah….

That ad is idiotic…..they look surprised at the state of the crappy kitchen cabinets….didn’t they inspect the house before they bought it?

Oh, wait….

😉

history
Guest
history

Im working on a reno in Gordon Head, fits the commercial to a T. female is white, male brown, both from Vcr.
Except at this level, Flipper renos are done by pros. Dont really want to see a brown skin doin demo or reno. Better to see him on his device, rounding up pledges in the old country, via e-transfer, his sister in the TD commercial yesterday, same thing. The house is fcked if either one picks up a tool, or guru forbid, a monkeywrench.

CBM122
Guest
CBM122
Took a look at a two bedroom condo for rent today it kits. One of the bedrooms was about as big enough for a baby and the layout was weird. They were asking $2200 per month. At the end of the showing the guy told me “You sign a lease and it says you’re going to move out, but really you don’t.” I told him that I won’t agree to a fixed term lease and wanted it to convert to month to month–we wanted to stay somewhere long term. He said the landlord won’t go for that and he only has people sign that because it’s too difficult to get rid of bad tenants otherwise. He told me that the landlord has a “side deal” (gentlemen’s agreement) to not raise the rent more than the government allocated amount. I told… Read more »
Abdul Lahazi
Guest
Abdul Lahazi

Anybody would be a fool for agreeing to a fixed term lease. There is no logical reason why fixed term leases should even exist. This should be abolished by the new government.

CBM122
Guest
CBM122
Yes. I was just shocked. I heard about it happening, but it’s the first time I actually experienced it in person. The expression on the guy’s face was priceless…..kind of like his mouth hanging open. It happened at the end after he told us that we “were his ideal tenants.” The 2nd bedroom was too small practically for two student roommates to share (unless one of them got a massive rent discount) it was only suitable for a couple with a baby or toddler basically so their market is limited in that range. What’s funny is he started to try and explain (lecture) me on the BC tenancy laws and the different type of tenancies (I have a legal background so I’m fully aware). He said “the first type is you just move in and give someone money every month… Read more »
Abdul Lahazi
Guest
Abdul Lahazi

The is more than enough rentals around that you shouldn’t need to get into some awkward situation like that.

patriotz
Member

” There is no logical reason why fixed term leases should even exist.”

One logical reason is so the landlord doesn’t have to deal with new tenants moving out after a month or two. It’s common in Ontario for new tenants to sign a one year lease that converts to month-to-month if the tenants choose not to move out. If this was required by law in BC this would get rid of the fixed term problem.

Abdul Lahazi
Guest
Abdul Lahazi

Yes I should have qualified “fixed term with a move-out clause” at the end. Fixed term reverting to month-to-month is fine.

Owen
Member
Owen

Ontario law is 2 months notice, doesn’t matter what the contract says.

bullwhip29
Guest
bullwhip29

it’s not the “fixed term” aspect that is the problem, it is the “vacate clause”. imho a landlord is well within his rights to set terms regarding duration of tenancy among other standard conditions much like any hotel operator would be able to do.

Best place on meth
Member
Best place on meth

These amateur landlords are toxic, when you come across one of them just walk away.

But not before posting a hidden camera video of them breaking the law to youtube.

CBM122
Guest
CBM122

Well the place rented last night. The landlord emailed me (and presumably all other people who looked at it) because it was not a personalized email.

It said “Thank you for your interest, but we regret to inform you that you did not meet our minimum requirements and we have signed a one year FIXED TERM lease with another tenant who viewed the suite”

What a hipster douchebag. Of course we didn’t meet the requirements because we walked away! 🙂

history
Guest
history

Landlording is a bit of a joke in Canada. It seems the hoi pollie gets at least one crack at it in their life.

Renting also has its pitfalls, like the poster above learns. The way around it is to pose as babbling non english speaking immigrant or refugee, then you are first in line, with subsidies and other preferential arrangements. Get a great job cleaning at the pristine Canadian hospital too, dont woory if you come from the stink faeces streets of Calcutta or Guatemala. Talk as a loud as you want in your babbling language, dont worry patients dont need sleep, remember, you’re here in Canada, at Soros will, to divide and conquer.

Shut It Down Already
Guest
Shut It Down Already

Time to wind down the windows for a few minutes….

Best place on meth
Member
Best place on meth

“we regret to inform you that you did not meet our minimum requirements”

Hopefully that’s the response they get from the bank when they go to renew their mortgage at the higher qualifying rates.

Best place on meth
Member
Best place on meth
As Bike-Sharing Brings Out Bad Manners, China Asks, What’s Wrong With Us? https://www.nytimes.com/2017/09/02/world/asia/china-beijing-dockless-bike-share.html Such problems have raised questions about the sustainability of China’s bike-share boom. But the debacle has also led many Chinese to look for deeper explanations and ask if bike-sharing has revealed essential flaws in the national character, prompting a far-reaching debate about social decay and the decline of decorum and morality in the country. Continue reading the main story RELATED COVERAGE In China, Umbrellas and Basketballs Join the Sharing Economy MAY 28, 2017 BEIJING JOURNAL In Beijing, Two Wheels Are Only a Smartphone Away MARCH 19, 2017 With New Funding, Didi Chuxing, an Uber Rival, Looks Beyond China APRIL 28, 2017 “We look at ourselves, and we ask, ‘What is wrong with the Chinese nation, the Chinese people?’” said Xu Qinduo, a political commentator for China Radio… Read more »
Best place on meth
Member
Best place on meth

These homeowners faced an Airbnb nightmare as renters left them facing huge fines and angry neighbors

https://www.cnbc.com/2017/09/01/airbnb-nightmare-homeowners-fined-after-renters-illegal-listings.html

history
Guest
history

Haha, that story is pretty funny. That article is actually an advertisement for airbnb. Just to make sure the dummies get it right… Pissing off your Nimby neighbours isnt cool though. oh well, the joys of owning and renting. Vroom, vroom, bye.

Best place on meth
Member
Best place on meth

Remember that billionaire from china living in New York who was exposing the corruption of Jinpig and his communist party?

Well, the commies have fabricated a rape charge against him in a feeble attempt to get him extradited.

https://www.cnbc.com/2017/08/31/china-accuses-outspoken-tycoon-in-us-of-rape.html

It’s like the charge against Assange, but far more clumsy.

history
Guest
history

Haha, that story is pretty funny. That article is actually an advertisement for airbnb. Just to make sure the dummies get it right… Pissing off your Nimby neighbours isnt cool though. oh well, the joys of owning and renting. Vroom, vroom, bye.

Oh NO
Guest
Oh NO

Richmond provincial court last week….. mainland husband and wife trying to get orders placed, 3 kids bla bla bla…. judge how much annual income? declared or actual says wife turns out declare job income o 50k, but 2 yrs ago sold house on flip not primary and made 800k, judge averages out and put 150k a yr on husband to calculate child support

I hope that judge reports that fucker to cra

Just me
Guest
Just me

This has become a major driver of our housing market:

http://www.cbc.ca/news/politics/international-students-jump-1.4268786

Abdul Lahazi
Guest
Abdul Lahazi

http://www.cbc.ca/news/canada/british-columbia/wyle-baoween-raising-awareness-yemen-crisis-1.4273553
“Baoween was born and raised in the coastal city Aden. He moved to British Columbia in 2011 to complete an MBA at the University of Victoria.”

I’d like to know how this guy was able to come to Canada from impoverished and war-torn Yemen and do an MBA at UVic. I mean, there are people born in BC who can’t go to UVic for that.

patriotz
Member

The article said that he was born in Yemen, not that had been living in Yemen immediately before starting at UVic. In fact he had been working outside Yemen in engineering jobs for years previously.

https://ca.linkedin.com/in/wailbaoween

Abdul Lahazi
Guest
Abdul Lahazi

“Baoween was born and raised in the coastal city Aden. He moved to British Columbia in 2011 to complete an MBA at the University of Victoria.”

That’s all the article says about him …

off-topic
Guest
off-topic
Best place on meth
Member
Best place on meth

Finally, something that could wipe out chicoms and save humanity.

Stop all flights from there now as a precaution!

Harry Wang
Guest
Harry Wang

As Bike-Sharing Brings Out Bad Manners, China Asks, What’s Wrong With Us?

https://www.nytimes.com/2017/09/02/world/asia/china-beijing-dockless-bike-share.html

history
Guest
history

The Japanese have a namee for it, Muda.

Shut It Down Already
Guest
Shut It Down Already

Many of the earlier attempts at bike sharing during the 90s got shut down due to theft and vandalism. Those were in the USA and Europe. There are douchebags everywhere.

Just me
Guest
Just me

Yes, there are douchebags everywhere. You are the very proof of that.

Shut It Down Already
Guest
Shut It Down Already

It’s fun to set you up for things like that and see if you’re petty enough to jump on them. You never fail to disappoint.

Either way I’m thrilled that you consider my opinions to be so far from your own.

Just me
Guest
Just me

The global appetite for Canada’s new 10-year visas appears insatiable, especially in China.

http://vancouversun.com/opinion/columnists/douglas-todd-three-million-snap-up-canadas-10-year-visas

history
Guest
history

20 years ago the Inflation word in the Real estate and Rental business was EXECUTIVE
Remember those days? All you had to do to get more rent or ask a higher price was to say EXECUTIVE.
Today, STUDENT has taken over this function.

If you run a business with the word EXECUTIVE, you look pretty stupid.

Just me
Guest
Just me

If you read the article, the numbers are staggering. This system encourages abuse, as hundreds of thousands are able to legally evade taxation. Read for yourself.

Just me
Guest
Just me

Among the many infuriating things listed in that article, the straw that breaks the camel’s back is this:

Hyman urges the federal Liberals to close the loophole that allows foreign nationals to relinquish their permanent residents status — but, years later, apply for it again; sponsored by their spouses or children who had become citizens of Canada.

So, no taxes during working life. But a guaranteed retirement when health care is required. Who would say noto this? We are too stupid (or corrupt) to let this continue.

David Eby, where art thou?

Best place on meth
Member
Best place on meth

What do you want Eby to do about this, it’s federal jurisdiction.

Go yell at Baby Turd.

Just me
Guest
Just me
Baby turd is an idiot and can forget about my vote next round. Having said that, I distinctly remember Eby saying that we need stricter enforcement of money laundering registration and should put in place disincentives that make it harder for Chinese families to use untaxed world income. This can partly be achieved through smart taxation of real estate (the Chinese favorite investment) as proposed by UBC economists. Why have they gone totally silent on this? They already scrapped fees on bridges, are making noises about minimum wages and aboriginal rights, but housing debate has been missing in action. Another topic close to my heart: party financing. What is happening with that. I think party financing and RE reform are “constitutional” issues, hence more important than pretty much anything else they have done so far. If they don’t start acting… Read more »
Best place on meth
Member
Best place on meth

“Why have they gone totally silent on this?”

They haven’t gone totally silent on anything, it’s summer holidays!

Do you expect all the MLA’a to cancel their family vacations?

Holy fuck, 15 years of Liberal abuse and mismanagement has made people impatient beyond belief.

NDP
Guest
NDP

But there are record prices on low ends. Toenhomes and condos up 38% year over year in Valley. People priced out there.

Crisis demands immediate action. But expect nothing on Sept 8th

Best place on meth
Member
Best place on meth

What crisis, Oracle?

history
Guest
history
Ok, i get it now. The massive infusion of easy Visa Asians, and Latin Americans, and a few Russians, from the VanSun link, is designed to beseige our RE markets, especially in those areas close to the International airport, from whence they arrived. Upon beseiging the RE market, its like, “hey man, the draw bridge is up, you cant get in” This goes on for a while, more visa people congregate at the drawbridge, which is up. Remember, the border isnt the barrier, its the affordability to get (cough, cough) fixed housing, which everyone and his Mother and Grandmother think they need. To me anyway, it’s very interesting strategy. Let em in, and let em compete with everyone else for housing. Even give them easy jobs where they can be a*sholes (see my post on Spanish speaking cleaners at the… Read more »
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