Friday Free-for-all! September 29 2017

It’s that time of the week again, 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:

what happening with housing policy?

what could be done for housing?

20% of homeless have jobs

risk of housing bubble

lose 25% of buying power?

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

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history
Guest
history

Royal Bank says housing affordability in Canada hit the worst level since 1990 in the second quarter of this year.

In a new report Friday, RBC Economics says its national housing affordability measure deteriorated for the eighth straight quarter.

The Toronto area was the hardest hit, where RBC says affordability declined the most and hit the lowest level ever measured in the city.

RBC says the Ontario government’s actions in April to cool down the housing market did not have an immediate impact on provincial housing prices in the second quarter.

Still, the least-affordable place to purchase a home remains the Vancouver area, where affordability worsened after two straight quarters of improvement.

RBC says outside of British Columbia and Ontario, affordability remains mostly stable.

Combat roach
Guest
Combat roach

Locals! Locals in only those two cities, right.

history
Guest
history

Ive mentioned it before, the role of the International Airports in Toronto and Vancouver bubbly….Close the airports and you’ll get your crash.

bullwhip29
Guest
bullwhip29

for now, just watch all the fun and games from the Dinsmore bridge where countless shadowy figures step off from a stream of private jets all cued up in front of MillionAir. from there they are whisked off to casinos, supercar dealerships, real estate offices, money exchanges and anonymous safety deposit box warehouses

ultimately airports like YVR will be sold to the usual collection of sovereign wealth funds at which point it will officially be game, set and match as certain groups will be granted the privilege of coming and going en masse to/from their own terminal without being subject to the standard security protocols

history
Guest
history

Yeah, i think the Protocols has something to do with it

Oracle
Guest
Oracle

Sites like this will soon be shutdown if Bell Canada has its way. They will decide which sites Canadians have access to.

Coming soon.

Canadians asleep at the switch. Walking towards their slaughter (drastically lower standard of living).

KickThemOut
Member
KickThemOut

So Bell Canada is Shut It Down?

KickThemOut
Member
KickThemOut

So basically Norway, Swiss, and OPEC members like Saudis?

KickThemOut
Member
KickThemOut

Didn’t Garth claim GTA dropped like 30% on average in the last 5 month? Sounds like someone’s is fibbing!!

Also, does this mean that affordability is worse in the 80s since right now it is the worse level since 1990, but not 1980?

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
Doomcouver
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Doomcouver

This just shows that the massive wealth migration is not going into productive assets. If all the wealthy Chinese migrants were investing in business Canada would have one of the strongest economies world-wide. As it stands they conduct their business in China, then shuffle their money over here to buy dead assets like real estate and fancy cars.

Oracle
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Oracle

Only on Vancouver and Toronto.

We need to limit immigration to an average of the G7 nations.

75,000 per year.

Not 350,000 and millions of ten year visas and student visas.

SpacedOut
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SpacedOut

Or pick a measure based on some actual economic analysis, and develop a strategy that gets us the most bang for our buck on the immigrants we chose to invite in. That might make a little more sense than just picking an arbitrary number because it`s the “average”. That’s what you do when you’re trying to make it look like we’re “doing our part”. This country needs to grow a set of balls and start doing what’s in its own strategic best interest. I’m all for a little compassion and humanitarian action now and again, but the bulk of what we do should be to meet an intended outcome…like we actually put some thought into it and have a plan we’re trying to execute.

history
Guest
history

There is a plan and execution, but you and I are not privy to it. The most glaring clue is the silence from our elected officials to do anything about it. Bosses are a good example at Doing Nothing to get a result: ie. Do nothing to improve employee morale, to keep staff turnover high and wages low… but one day Doing Nothing reaches up and grabs you by the booby.Like a crisis in BC of non workers living off their houses… doing not much else, maybe take a few yoga classes from the yoga teacher who is doing the same thing with their house.

bullwhip29
Guest
bullwhip29

Vancouver company accused of not paying its employees for months is also accused of using investors’ money to buy multi-million dollar homes in Metro Vancouver
https://globalnews.ca/news/3776236/vancouver-tech-start-up-istuary-accused-of-mishandling-documents/

Combat roach
Guest
Combat roach

What else to expect from nationals obsessed with real estate appreciation? They don’t consider any business seriously except RE speculations, gambling, and tax cheating. However, there are exceptions but they are scant at least in Canada.

history
Guest
history

The madness of herds. Isaac Newton fell prey to it, and he was a smart cookie. but..
not everyone gets the Treasurer job, he was an exception.

BikeMike
Guest
BikeMike

I used to work for this guy – he was a class A con artist. It is exactly zero percent surprising because he told everyone all along that he planned to do things that are actually fraud.

MarKoz
Member
Doomcouver
Guest
Doomcouver

That’s not an alternate point of view, it’s the mainstream point of view. 70% of Canadians own their home.

Oracle
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Oracle

Not when floodgates are open. Rents will go up and renters will direct a greater portion of their income towards rent.

A point comes when they can make rent and then they have to rent a room within a condo.

That’s what happens when rents detach from incomes as the competition has deep pockets and come from overseas where they pay no tax.

The local renter (sucker) pays taxes to keep the infrastructure going.

If this was any other country, riots would be happening yesterday.

SpacedOut
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SpacedOut

I hear ya. Those wildly fluctuating rents can creep up and get ya. Better to stick with owning an asset with some historical price stability like Real Estate.

Burnabonian
Guest
Burnabonian
No. The difference between rents and purchase prices is that renters are literally unable to acquire housing that is beyond their means. A purchaser can fly fast and loose with the applications, the ratios, the bundled loans, and the income declarations, and take on more mortgage payments than his income can possibly support. Then make the payments out of his HELOC, his RSP, his inheritance, and his VISA when all else fails. A purchaser can build an entire ponzi scheme of properties supporting properties supporting properties, all supported by a combination of wildly atypical price appreciation, creative accounting, and denial. That purchaser may tell themselves that they are “doing well”, not being sophisticated enough to understand that their net return is only 5 or 10% — insanely low given the risks they are taking. And likely short-lived, unless you think… Read more »
KickThemOut
Member
KickThemOut

If your take home pay and income is $4K/month, you are not going to get a mortgage with monthly payment of $5K/month or even $4K/month. Not that much different from renting. Unless you know some magical methods that homeowners generate cash out of nothing.

Burnabonian
Guest
Burnabonian

You can get that if your take home pay is $0 / month.

You new here?

patriotz
Member

“70% of Canadians own their home.”

Almost all of them bought when prices were lower. Of course they’re going to think buying is a good idea. In fact, it’s well established that the higher house prices get, the more people think buying is a good idea.

Which is essentially the premise of the article – prices have gone up in the few years since the author bought, so buying is a good idea. Meaningless.

KickThemOut
Member
KickThemOut

Because renters have been getting ahead of home owners for a decade now? Whereas home owners as almost broke, renters are dining on caviar and taking their annual European, and Bahamas vacations??

Burnabonian
Guest
Burnabonian
I LOVE this article and the comments. It’s a perfect encapsulation of the essence of the Canadian RE zeitgeist — complete with the pile of empirically false information, misconceptions gleaned from hearsay, failed grade 7 math, and old-timey truisms it is based on. Thankfully hundreds of Globe and Mail readers pile on in the comments to remind the author that typing the numbers into a pocket calculator first is never a bad idea when one is about to publish an investment advice article in a national newspaper. On the plus side, the author does have a lot of good feels about having recently ruined their personal finances for the next decade or two. 5 years from now when they try to renew their formerly 2.7% mortgage at 5% but find out that they have to qualify at 7% due to… Read more »
C.Junta
Member
C.Junta

“Why Telling People to Rent Rather Than Buy is Bad Advice”

The only purpose of this article is to get traffic from those who are not that busy on Friday. No info, no analysis, nada. Clickbait.

history
Guest
history

‘The top ten investments that are Negative BETA Canadian real estate.’

A headline you wont see from the Globe and Pail, alpha or omega version.

bullwhip29
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bullwhip29
Time to go
Guest
Time to go

^ This story is mind blowing. Any wonder why condo towers and Vancouver westside are 70% empty. Go Sam Cooper!

Shut It Down Already
Guest
Shut It Down Already

They’re not 70% empty, though, are they.

Time to go
Guest
Time to go

70, 50, 30, what does it matter? The fact is their are empty condos & homes all over the lower mainland being used as investment vehicles during one of the worst housing crises. Even if it’s 5-10% empty, it’s still too much.

Oracle
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Oracle

They are bought or use whenthe 10 yr visa holders are in town for a few months of the year.

Don’t buy that ’empty’ BS. It’s to lead you to no solutions.

Combat roach
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Combat roach

They are all owned by invisible LOCALS, right?

YVR
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YVR

It looks like the RCMP have been working on this casino money laudering thing for years. I am sure the intention of Eby’s recent “study” of the issue is to shut this current investigation down. Watch the current investigators will be pulled off and they will still be studying it 2 years from now.

Oracle
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Oracle

He’s a lying scum. He could have tackled housing by closing FBT loopholes and just mentioning they were PLANNING to tax all non-resident homes 2%.

But nope.

Now all the renters are jumping on this story. Good grief.

This casino stuff is a drop in the bucket.

Abdul Lahazi
Guest
Abdul Lahazi

“Gangsters or their couriers were delivering “suitcases laden with cash” to Silver International’s cash house, allegedly at an average rate of $1.5 million a day.”

Mind blowing… it makes Scarface look like an amateur.

bullwhip29
Guest
bullwhip29

Owning a home now costs 87 percent of middle-class incomes in Metro Vancouver
https://www.straight.com/news/973546/owning-home-now-costs-87-percent-middle-class-incomes-metro-vancouver

bullwhip29
Guest
bullwhip29

SCMP: Vancouver has a new economic deal with Shanghai – but why were the details kept so blurry?
http://www.scmp.com/news/world/united-states-canada/article/2113295/vancouver-has-new-economic-deal-shanghai-why-are

Combat roach
Guest
Combat roach

Instead of signing a fucking agreement with Paris, London, Stockholm, Boston, Vienna, Madrid, Tokyo or whatever, our moonbeam-mayor-wanting picks the ubër shithole to sign a “whatever agreement“. Unbelievable, how low we fail…

Oracle
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Oracle

–> overflowing overseas bank accounts. That’s all that needs to be said.

YVR
Guest
YVR

Yup and now Gregors former right hand man Geoff Meggs is Horgans cheif of staff.

best place on earth
Guest
best place on earth

hate to say it, but you bears are so screwed head and rear!

Combat roach
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Combat roach

Why do you “hate to say it”? You shouldn’t, these are your thoughts and you should be proud of them no matter how stupid or retarded they are. We all get you.

Just me
Guest
Just me

“Bombshells notwithstanding, Robertson and his handlers are probably right if they have concluded that any economic deal with Shanghai is a tough sell in Vancouver at the moment. Chinese money gets plenty of bad play amid the city’s affordability crisis and perennial concerns about money laundering and tax evasion.”

Is he up to no good? Asking for the release of his former mother in law? Selling real estate to the Chinese? Selling retirement homes to the Chinese?

Sad to say, but any of these options is never completely out of the possible in the fair city of Vancouver circa 2017. Fertile imagination is fed by reality. And reality, right now, is not good in Vancouver.

YVR
Guest
YVR

“Is he up to no good?”

Gregor is an NDPer. Of course he is up o no good.

patriotz
Member

“Vancouver has a new economic deal with Shanghai”

It doesn’t have any kind of deal. Read the “letter of intent” – it’s just hot air. Canadian cities don’t have the power to make any kind of economic partnerships abroad, or domestically for that matter.

Just me
Guest
Just me

The money laundering ring appears to be much more extensive than initially let out. Enough to support continuous real estate buying activity in the Vancouver Metro area. Perhaps the money was being spent by “locals”, after being laundered. After all, students and housewives are the backbones of our economy.

“In late August, at a Vancouver conference attended by U.S. and Canadian law enforcement officials, RCMP Insp. Bruce Ward outlined the details of E-Pirate, the investigation into Silver International, Asian organized crime groups, and an alleged $500-million-plus international money laundering service run from Richmond.”

Just me
Guest
Just me

The whole article is worth reading. Here is another pearl:

“Jin allegedly helped ultra-wealthy Mainland China “whale” gamblers, recruited in Macau, to gamble in B.C., the investigation documents allege.

The Macau whales were able to gamble with suspected drug cash supplied by Jin’s network, especially at River Rock Casino, the investigation documents allege. With those funds borrowed from Jin and “private lenders,” they were not only able to gamble, but to develop real estate in B.C.

Without naming names, a paragraph in the confidential MNP LLP audit of B.C. Lottery Corp. that the attorney general released last week describes underground banking channels that allowed “Chinese nationals” to evade China’s tight capital controls and transfer wealth into B.C.”

Just me
Guest
Just me

Ad this how these ‘gentlemen’ are linked to the Fentanyl crisis. These criminals truly turn your stomach.

To understand Silver’s network, law enforcement had to understand the nature of organized crime in Richmond and Mainland China, which operates “parallel” to the Chinese business community, according to Ward.

“Any given gangster, if you want to call them that, businessman, will have many schemes and thus many networks, and this networking is what facilitated the business,” Ward said. “Because they were able to start a profession of money laundering … to all their friends in drug dealing, who needed the service of converting cash into bankable instruments.”

Mountie lab technicians considered themselves lucky the cash seizures in 2015 took place before B.C.’s deadly fentanyl crisis hit, Ward said, since drug cash handled in Vancouver now is often dangerous, covered in traces of fentanyl dust.

Best place on meth
Member
Best place on meth

Mass deportations are in order, since we sadly don’t do mass executions in this limp wristed country.

Just me
Guest
Just me
Finally, this is why the use houses to recycle cash. They are virtually unassailable. We are failing as a society. Mainland Chinese are eating us alive. “Sources in B.C. government and federal law enforcement say it is believed Jin’s network and the Chinese VIP gamblers allegedly funded by Silver International own many luxury properties in the Lower Mainland. But it’s difficult for Canadian governments to seize assets believed to be directly connected to crime. “It is very difficult nowadays to say, ‘OK, that house that is being used as a casino is an illegal residence, so let’s seize it,” Ward said. “But who owns it? We are finding now, not only one layer of nominees, but two, three and four. And some of those nominees live in China. And they are either related to you, or they don’t even know… Read more »
KickThemOut
Member
KickThemOut

Lazy bums

patriotz
Member

“But who owns it?”

Whoever is listed as owner on the title. I just don’t get what he’s talking about. BC’s civil forfeiture law simply requires that a property is used for illegal purposes. Just who owns it, directly or indirectly, doesn’t matter.

http://www2.gov.bc.ca/gov/content/safety/crime-prevention/civil-forfeiture-office

Whistler or Bust?
Guest
Whistler or Bust?

Eby?

YVR
Guest
YVR

Eby is hiding. Has anyone seen him since the election? So much for those weekly press conferences.

Just me
Guest
Just me

Yes. I actually listened to a long interview with Eby this morning on the Early Edition.
He is the main reason while the government is finally following up on this long overdue investigation. The Liberals never pursued those leads and put everything under wraps.

This investigation is definitely a net negative for the housing market in Vancouver, as it will shed an unpleasant light on the dirty money laundering activities of many Mainlanders.
But I guess your partisanship does not allow you to think with your own brain or change opinion based on facts.
Listen to Eby’s interview this morning. You might learn something, who knows?

patriotz
Member
Just me
Guest
Just me

I love the clip where the interviewer (Rick Cluff) states that the report on the massive money-laundering was commissioned by the previous Liberal government but never released to the public or acted upon.

You can’t make this stuff up. Really.

Of course, partisans will find all kinds of neurotic explanations to explain why the BC Libs did this for a valid reason. Laughable.

YVR
Guest
YVR

The BC Liberals are not in power. The NDP is in power and there are people walking in casinos with duffel bags of cash as we speak. Why is the NDP letting this happen and continue? How hard would it be to put an RCMP officer at the casino and require a SIN and government ID to deposit over $5000 in cash and fill out a form on the money source. This would stop it immediately. Just like it would be easy for them to make changes to housing to “quickly cool” it as they promised. The fact is the NDP do not want to. They are lying to you and you just can’t accept it.

YVR
Guest
YVR

If you read the Sam Cooper article it clearly states the RCMP under the BC Liberals shut this money laundering ring down and arrested several people. Lets see how many arrests are made in the next 6 months under the NDP. My bet is zero and you will not hear about this again other than they are working on the file. If they wanted to shut this down they could do it tomorrow by implementing new rules in the casino’s for large cash transactions. There is no need to study it. Just like there is no reason to study housing. Man you are dumb. Eby has no intention of shutting the cash cow down and only released the report because the Sam Cooper article was coming out.

Best place on meth
Member
Best place on meth

What, you’re going to give them 6 months?

Shouldn’t they have fixed this problem on day 1?

YVR
Guest
YVR

Actually that is what they promised. I don’t recall “studying” as a campaign promise.

Just me
Guest
Just me

Wow. Ypou convinced me. Christy and the Libs solved the problem long ago. What is happening now is just the NDP’s fault.
Yes, it definitely stands to reason and intellectual scrutiny.

In other news, pigs have been flying over downtown Vancouver……

YVR
Guest
YVR

No, Christy Clark ignored the issue and the NDP and David Eby are and will ignore the issue. Same boss as the old boss. At least CC did it without raising your taxes and lying to you that it would be addressed. You know the old saying fool me once…

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

Comments closed.

Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.

Yeah, let’s not discuss this. It would be racist.

BubbleTea
Guest
BubbleTea

In September, another driver with a green “N” sticker was stopped for doing 160 km/h on Highway 1.

bullwhip29
Guest
bullwhip29
VanRant
Member
VanRant

Is ICBC still insuring these idiots?

Abdul Lahazi
Guest
Abdul Lahazi

Yes.
Another failed Liberal promise.

Simple Solution
Member
Simple Solution

Yes still insuring them. Also increasing premiums on everyone else too…. ICBC should not insure any vehicle over 60K. Or any hot rod for a driver without 10 years driving experience. Im sure the list of private insurers interested in insuring a supercar to a new driver is not that huge.

Best place on meth
Member
Best place on meth

Comments closed.

Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.

Yeah, let’s not discuss this. It would be racist.

Just me
Guest
Just me

Apparently, telling the truth can be construed as racist. This is Canada in 2017.

KickThemOut
Member
KickThemOut

So uhm…rents are going to spike? I thought bears said that the empty home tax will force all the empty condos out and lower rents? What happened to that?

bullwhip29
Guest
bullwhip29

seriously man, you must be glued to the site if you can downtick my posts in less than 30 seconds from the moment they went online…what a weirdo

bullwhip29
Guest
bullwhip29

Dirty Chinese Restaurant video game deemed ‘offensive’ and ‘demeaning’
http://www.cbc.ca/news/canada/toronto/dirty-chinese-restaurant-video-game-1.4313307

Combat roach
Guest
Combat roach
Abdul Lahazi
Guest
Abdul Lahazi

Whistler or Bust and YVR are the same person.
SIDA and KickThemOut are the same person. (probably the old Space889).
Oracle and NDP are also the same.
There are too many similar posting patterns between these to be different people.

Abdul Lahazi
Guest
Abdul Lahazi

And -1 within minutes of posting this.

Just me
Guest
Just me

You should ignore the voting and keep posting info and commentary.
There are clearly some unstable individuals on this blog who spend their time trying to find ways to downvote people with genuine contributions.

Shut It Down Already
Guest
Shut It Down Already

Dumbass, there are about 5 people here who have been bothered enough about voting to register. I’m not one of them.

Shut It Down Already
Guest
Shut It Down Already

Actually, all 6 of us are the same Chinese realtor. Does that make you feel better?

Just me
Guest
Just me

I hope for you that you are a Chinese realtor. At least I can attribute a motive to your behavior.
If you spout your nonsense pro-bono, then you are just an insane internet troll.

Shut It Down Already
Guest
Shut It Down Already

But you’re not a fucking racist, right? You’re certainly a joke, however.

Just me
Guest
Just me

No, I ma not a racist. However, I am free to point out bad or criminal behavior, regardless of the ethnicity of the perpetrators. Doing otherwise would be dishonest.

Shut It Down Already
Guest
Shut It Down Already

Except that’s not what you just did. And whether or not you think you are that makes you a racist. Enjoy!

Just me
Guest
Just me

Again, I highlight bad behaviour. Whoever is guilty of it. Race is not an issue here.

Perhaps you are hearing voices in your head?

Shut It Down Already
Guest
Shut It Down Already

“Whoever is guilty of it”.

You’re also a liar.

Just me
Guest
Just me

Sorry. Not my fault if Chinese mainlanders distinguish themselves in the fine art of cheating and generally abusing the system.
If Russians and Brazilians did the same, I would condemn that with equal decisiveness.

You are denying the reality we are living in.

Shut It Down Already
Guest
Shut It Down Already

You’re denying the fact you’re a dumbfuck racist. Sorry, not my fault!

Just me
Guest
Just me

You are just an aggressive, impolite liar.
Using the race card on me just shows the paucity of your arguments.

We have overwhelming evidence by now that we sold Vancouver to the Chinese. All paid with dirty money. Yet you insist that saying so is racist.

Kathy Tomlinson: racist. Sam Cooper: racist. Douglas Todd:racist.

Every person who points out the truth is a racist in your view.

Whistler or Bust?
Guest
Whistler or Bust?

We are not the same person but we sure think alike. We have a fucking brain and we are anti-union.

paulb
Member
Active Member

New
155
Price Change
41
Sold
151
TI:10129

http://www.clivestevepaul.com

NDP
Guest
NDP

Nothing will come out of this casino gate report.

Nothing will be seized and no one goes to jail. No casino will lose their licence.

Its just semantics for the sheep.

Wait and see.

Thank you for voting NDP suckers.

YVR
Guest
YVR

“Its just semantics for the sheep.”

Give the NDP credit. The sheep seem to be buying it. Just like they still think the NDP will do something about housing. The NDP are taking advantage of the naive.

Dyugle
Guest
Dyugle

My only hope is that the Feds do something and the NDP doesn’t do anything to counteract the legislation. Remember Kristy relaxing the credit union lending standards in response to the elimination of 0 down 30 year mortgages. How about the transfer tax reduction in the wake of increased down payment requirements. She even undermined her own FBT by bringing in the first time buyers programs. Provided the stress tests have teeth and the hikes hurt I hope the NDP does not respond like Kristy.

YVR
Guest
YVR

“I hope the NDP does not respond like Kristy.”

They will. If they wanted housing t go down they would have at least started talking it down. They don’t, and will put in counter measures to keep it going. Guaranteed. Of course at some point it will crash but it will not be on account of an intentional measure by the NDP.

Dyugle
Guest
Dyugle

That assumes they know what they are doing. The NDP taking effective counter measures seems a stretch. More likely they will point fingers at Ottawa and Kristy.

VanRant
Member
VanRant

Much more on the casino money laundering store from the Breaker: prostitution, money laundering, drugs, etc.
http://thebreaker.news/news/will-suspected-money-launderer-have-a-happy-ending/
Eby will have his hands full to clean up the mess the BC Liberals left behind.

Best place on meth
Member
Best place on meth

Yes, it’s going to take a long time to sort through this nasty organized crime ring imported from Shitholia, but YVR and Whistler will demand it be taken care of by Monday.

Whistler or Bust?
Guest
Whistler or Bust?

Meth – When will you wake up? The NDP LIED TO YOU. They will do nothing about housing. You will still be making excuses for them 1 yr. 2 yr’s from now. Somehow it will all be the Liberals fault that they can’t follow through on their campaign promises.

Here’s a couple they were quick on: Hiring all their cronies for high paid insider jobs and raising taxes. Personal 2% and Corp 1%

Same old NDP.

Can’t wait for the decimation in the next election.

Best place on meth
Member
Best place on meth

When will you calm down, take a shower to wash the years of partisan filth off and let this all play out?

Your Libcred heroes have turned BC into a corrupt sewer and the amount of work ahead of the NDP is monumental.

They’re still in the “turning over the rocks” phase and finding nasty things under every single one, that’s how bad this province has become.

Let this be a lesson to everyone, you NEVER, EVER let any political party hold power for 16 years. EVER.

Now, back to your balcony.

YVR
Guest
YVR

Dude if you ran a business you would be bankrupt before you figured out was was going on. If you want to accomplish something it starts with taking some action. FFS the NDP has not even mentioned a peep in the first 4 months about housing after it was their major talking point for 8 years! When Selena was appointed and did the interview on CKNW dancing around any action it was pretty clear to all but the super naive. If I recall you said wait until September when the legislature is back on. September is done now. No action, no talk of action, no plan. You got scammed. Move on.

Best place on meth
Member
Best place on meth

Yeah, I got scammed.

By you and oracle and whistler.

Oracle
Guest
Oracle

I was duped. I will say it.

But these NDP assholes have to go. Too late for anything meaningful to happen now.

BubbleTea
Guest

This is how other countries deal with fraud and corruption.
http://www.zerohedge.com/news/2017-09-29/vietnam-shows-how-clean-banking-system-ex-banker-sentenced-death-fraud
No wonder Vancouver has become the unofficial money laundering capital of the world.

Best place on meth
Member
Best place on meth

Lethal injection?

Fuck, even the Vietnamese are getting soft.

BubbleTea
Guest

Eby should start with proper real estate registration to combat money laundering by the Norwegians,

Whistler or Bust?
Guest
Whistler or Bust?

Again Eby is not on the housing file. He is the next leader they will not throw him to the wolves. Eby will do nothing of consequence.

Oracle
Guest
Oracle

Won’t matter.

If no action on housing then the voters will remember. NDP will lose the lower mainland and hence the next election.

And with this inaction, I can guarantee you that the Porportional rep won’t pass.

YVR
Guest
YVR

“Eby is not on the housing file”

By design of course. The NDP ran on housing, had their number one guy Eby on it prior to the election, then appointed someone with no experience that nobody heard of. The BC Liberals did not run on housing and had their number two guy on housing Rich Coleman. Does it not seem strange to anyone if the NDP was serious about addressing housing, they would appoint a candidate with experience? The NDP have seasoned and experienced MLAs and Selena is not one of them. Are people really this politically naive?

patriotz
Member

Another example of zerohedge not getting it. This is a political purge dressed up as an anti-corruption campaign. Just like in China, Vietnam’s Communist system is inherently corrupt and those at the top are just putting on a show to distract eyes from their own corruption. Here’s someone who actually knows what they’re talking about:
http://www.scmp.com/week-asia/politics/article/2093997/whats-really-behind-vietnams-sacking-top-communist-party-official

Whistler or Bust?
Guest
Whistler or Bust?

Does anyone have the emails of Eby and Horgan? We should all write (except Meth – he’ll give a back rub to Angry John)

Forget that woman who doesn’t appear to be able to differentiate between homelessness and the housing crisis brought on by Chinese money.

Oracle
Guest
Oracle

Here here.

These guys should be kicked out to the unemployment line. At least with the Liberals, you knew what to expect.

YVR
Guest
YVR

“Meth – he’ll give a back rub to Angry John”

Angry John ain’t looking for a back rub. Meth knows his pleasure.

Best place on meth
Member
Best place on meth

Wow, you fucking scumbag .

This perversion takes you down to the level of space.

Shut It Down Already
Guest
Shut It Down Already

Monkey doesn’t like it when somebody flings the faeces back.

YVR
Guest
YVR

I didn’t say anything perverted. Must be something in you mind. His pleasure is when you pay $5000 per plate to attend one of his gatherings.

Just me
Guest
Just me
it is quite unbelievable when, in the face of hard facts, some of the partisan posters find way to justify the behavior of the BC Liberals. It is well known that I am no lover of the NDP, despite voting for them in the last election. I criticize them openly when I feel they don’t do well. However, claiming that they are worse than the BC Libs when it comes to money laundering prevention, political donation and overall decorous of public institution is just a barefaced lie. The BC Libs let the malfeasance and money laundering in BC casinos go on unabated for years. I would not be surprised if some of them directly benefit from it in direct or indirect ways. At the very least, they let it go on with the pretext that it is “good for the… Read more »
Oracle
Guest
Oracle

Hey are setting up to faux ‘appease’ people like you. No concrete steps will be taken to address the route cause of this bubble.

I’m afraid it’s beyond your scope if all you can do is be defensive.

YVR
Guest
YVR

“It is well known that I am no lover of the NDP, despite voting for them in the last election.”

Dude you are just plain dumb. All the things you hated about the Liberals you get with the NDP. That is the swamp. Just worse with the NDP. Hopefully you will learn. Most BCers voted for the NDP once. That is all it took to never vote for them again.

BubbleTea
Guest
BubbleTea

Kathy Tomlinson reports: Investors and speculators are taking prime agricultural land out of production – and sometimes erecting palatial mega-mansions on the landscape – as the B.C. government’s outdated tax system allows them to exploit incentives intended only for those who farm.
https://beta.theglobeandmail.com/news/investigations/farmland-and-real-estate-in-british-columbia/article32923810/?ref=https://www.theglobeandmail.com&
Wow, the media is on a tear and the government can not hide under a rock now.

Just me
Guest
Just me
The backbone of our economy? Back in July, a B.C. numbered company linked to a Hong Kong firm registered in the Cayman Islands snapped up a piece of vacant farmland in suburban Maple Ridge for $6-million – 33 times what the government pegs its value at. Five years ago, the same land sold for just $15,200. The company has Tony Cai, son of a politically connected billionaire from China, as its director, and this year will pay about $5,300 in property tax, which includes a standard 50-per-cent break on school levies. By contrast, the tax bill for a residential property in the same municipality with the same market value would be roughly $77,000. The Globe found dozens of similar examples. In another startling case, a local company, Rosemary Developments, paid $16.7-million for 10 acres of farmland east of Richmond in… Read more »
Just me
Guest
Just me

This is some tough enforcement…..

This is happening despite the fact that land-use bylaws don’t allow hotels on agricultural land. Mr. Shi’s facility was recently inspected by bylaw officers, who suspected the suites were being rented out, which is illegal. When they arrived – after giving their standard, 24-hour notice – they found no tenants, so the owner faced no penalty.

Richmond councillor Carol Day says the city has received complaints about illegal suites at several addresses, but has yet to issue any fines because owners have promised to comply with the bylaw. Ms. Day says the new single-family farmhouses – large as they are – were approved solely as residences for owners and their families.

Just me
Guest
Just me

And this is the best of all: the racism accusation! Read for yourselves.

A pitch on Vanfun.com urges prospective buyers: “Build your dream mansion here. Great location … Annual taxes just $651.56.”

Richmond city councillor Harold Steves says that one local agent made a “tremendous” fuss when the city recently tried to limit rental suites on farmland.

“I was phoned by the realtor selling these properties who called me a racist,” he says. “I have been told that our staff were called racists as well.”

Oracle
Guest
Oracle

They have the majority in Richmond. There is nothing you can do. Their land.

Wait until next municipal elections. It will be their council.

Question is when does Metro Van fall to their majority? That’s when the real fun will start.

The homeless will be beaten. See overseas for what’s going to happen.

Oracle
Guest
Oracle

Media is on a tear because the people are ready to riot.

They just want to calm the nerves. But nothing will be done. Horgan even said it today.

YVR
Guest
YVR

“Wow, the media is on a tear and the government can not hide under a rock now.”

LOL, they will try.

Just me
Guest
Just me

And this is for you, BC Libs lovers (from Kathy Tomlinson’s article).

Richard Bullock blames the B.C. government for the whole situation, which he says is out of control and benefits no one – not even the investors, who can’t do as they please with their land. Last year, the province fired Mr. Bullock from his post as chair of the Agriculture Land Commission, after he rejected almost all applications for farmland to be removed from the ALR for development.

“I got pushback from the government constantly. That is why I am gone,” he says. “It’s great politics for people in government to have these wealthy folks come in and buy land.”

Best place on meth
Member
Best place on meth

Assholes oracle/yvr/pissler will defend the libs on this.

YVR
Guest
YVR

“Richard Bullock blames the B.C. government”

That would be the NDP. If the NDP planned on doing something don’t you think they would have said something or taken a tiny bit of action by now? Weaver has already called them out on this. Man, is it not obvious there is nothing going to change? under the NDP?

Doomcouver
Guest
Doomcouver

Yeah at least tell Bob Rennie before you kill his business with anti-speculation legislation. It’s what the Liberals would want.

Bag it and tag it
Member
Bag it and tag it

“Last year…”

Best place on meth
Member
Best place on meth

It’s official,

YVR, Whistler and Oracle are BC Liberal Party plants.

There is no other explanation for the incredible amount of venom they spew at the new NDP government while never once criticizing the Liberals for anything they did for the past 16 years.

They should all be booted for spamming and sock puppetry.

Oracle
Guest
Oracle

Dude, just pissed at the NDP for their lie. Nothing else. Surprised others aren’t pissed as much as me.

And you want me booted for this?

Doomcouver
Guest
Doomcouver

You mean their lie that’s not technically a lie because they haven’t released their housing policy yet? Yeah that’s what I thought. I didn’t realize we had so many members of the Christy Clark fan-club on this blog.

Shut It Down Already
Guest
Shut It Down Already

They campaigned on housing as if they had a clue.

YVR
Guest
YVR

“they haven’t released their housing policy yet?”

It was part of their election platform you fool. Do you not understand why political party’s running for government have a platform? It is supposed to be exactly what they will do when elected. That is their policy. Part of the NDPs platform was “quick action to cool housing”. Can you honestly say with a straight face they have even attempted to do this? It was an outright lie.

Doomcouver
Guest
Doomcouver

Election promises and actual policy are completely separate from each other. Election promises are easy you just promise a bunch of crap. When the rubber hits the road it becomes difficult because you have to draft legislation, and hammer out all the bureaucracy. Just because you wanted them to have the legislation drawn up and ready to go before they got elected doesn’t make it so. Maybe if you’re so smart and can magically draft complex legislation immediately you should help the NDP out and do it for them. I’m not concluding the NDP will do anything at all to help housing affordability (in fact they could make it worse). All I’m saying is you’re being presumptuous about something you know nothing about. Thus it seems as usual the fool is you.

YVR
Guest
YVR

After reading that all I can say is they should restrict voting to people with a double digit IQ.

Shut It Down Already
Guest
Shut It Down Already

Says the guy who never once criticized the NDP whilst accusing others of being “hyper partisan”. What a dotard.

He should be booted for being an unemployable toxic racist twat.

Just me
Guest
Just me

In short order:
– I criticize the NDP all the time.
– we sold the ALR to the Chinese.
– we have sold the west side to Chinese millionaires.
– we money launder hundreds of millions of Chinese money every year.

All facts you deny, with barefaced lies. You are on record saying that I overstate the case of one or two students buying multimillion dollars homes.

You have no self respect. Lying is your main occupation. Spreading misinformation for reasons unclear.

Shut It Down Already
Guest
Shut It Down Already

Oh for fucks’s sake, I wasn’t replying to you. Can you even fucking read or understand how the “reply” button works?

Just me
Guest
Just me

What I wrote still applies in full to you.
We live in hope you will change and finally accept the truth.

Shut It Down Already
Guest
Shut It Down Already

That’s a “no” to both then?

Best place on meth
Member
Best place on meth

What kind of idiot would criticise a new government that’s working on implementing their policies?

Oh, right.

Fuck off and die traitor.

Shut It Down Already
Guest
Shut It Down Already

So there’s nothing at all they could be criticized for just because they’re new? They were beyond criticism during their campaign and are otherwise perfect in every way?

You really are cute.

YVR
Guest
YVR

Whaaa… Please stop anyone from speaking who does not agree with me. You should get a job at Berkeley, put on your face cover and beat us with clubs.

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