Class action against Airbnb?

Dude Chillin pointed out this article about a Vancouver strata lawyer preparing a class action suit against Airbnb:

A Vancouver strata lawyer says she is preparing a class action lawsuit against Airbnb, alleging the company is “profiting from the unauthorized use of other people’s property.”

Recently, Polina Furtula — who is on the strata council of her Yaletown condo tower — sent demand letters to Airbnb about unauthorized listings in her building. Airbnb notified the hosts of the complaints and shortly afterwards, the hosts decided to remove their listings.

Read the full article here.

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Just me
Guest
Just me

New Zealand bans foreign home buyers.

http://www.bbc.com/news/business-41745129

New Zealand will ban foreign buyers from purchasing existing homes in the country in an effort to cool soaring property prices.

The ban follows fears that overseas buyers of homes were putting too much pressure on infrastructure and house prices. Chinese investors have been among the biggest offshore buyers of property in the New Zealand market.

NDP, where are you guys? Still studying a “comprehensive”strategy?

Simple Solution
Member
Simple Solution

We are going to talk about a study to talk about a plan to develop a plan to address a comprehensive strategy to look at options to further discuss a plan to plan to make a plan so that we can defer any action indefinitely

KickThemOut
Member
KickThemOut

NDP has a plan, a very simply plan, don’t do anything. It’s just bears like BPOM are too stupid to see it. Always thinking that someone else have to save them.

Simple Solution
Member
Simple Solution

I seem to recall that when they were not uncharge they said the ALREADY HAD A PLAN

Oracle
Guest
Oracle

BC Politicalparties are infiltrated by special interest groups –> developers. Don’t expect anything going forward.

YVR
Guest
YVR

“New Zealand bans foreign home buyers.”

That took them like 1 week since getting elected? The NDP are a joke.

Dave
Member

Now all those buyers are looking for other markets to hide their money… aka Vancouver.

Dude Chilling
Guest
Dude Chilling

And wait until Australia bans them. Vancouver will become even more popular.

bullwhip29
Guest
bullwhip29

this isn’t as black and white as it seems…

applies to “non residents” only, not every person without citizenship
applies to existing homes only

seems like presale market is fair game for the “housewives” and “students”

YVR
Guest
YVR

It is a step in the right direction like the foreign buyer tax here. You have to take steps if you want something to change. Doing nothing will get you nothing. Selena the housing minister doesn’t even know if the NDP are tracking foreign buyers and has no idea how many foreign buyers are still buying. That tells you the everything you need to know about the NDP studying the issue. They clearly are not even studying it otherwise Selena would have this information. The NDP is not even doing a good job of pretending to study the issue.

bullwhip29
Guest
bullwhip29

i’m just saying that it could be case of spewing lots of hot air in NZ (but maybe to a lesser degree than here). we’ll see…

YVR
Guest
YVR

It could be mostly hot air in NZ. But here in BC the NDP are not even spewing hot air which may at least talk the market down.

KickThemOut
Member
KickThemOut

Sounds like the Australian plan that is basically guaranteeing profits and business for developers.

patriotz
Member

Exactly. Oz has already proven that restricting foreign buyers to “new” properties does not bring prices under control. That said I suppose the new NZ government, which I’m generally favourably inclined to, wanted to be seen to be “doing something” right away.

As for BC, none of the parties promised to restrict foreign ownership in their platforms, so the people are getting what they voted for.

Just me
Guest
Just me

Now you are making a fool of yourself (partly due to your ideological bias towards the NDP). Just do a Google search of all the times David eby (implicitly AND explicitly) suggested we should regulate and tax foreign ownership of RE.
He was the housing critique: shall I take those statements as personal opinions?

Put differently: did the NDP not indicate they would reform the way we tax and generally regulate ownership of real estate, with a special focus on tracking the funds used to acquire real estate? Have we been all imagining that?

You make it sound that they promised to do nothing. That is just a lie. I (and I suppose many others) only voted for them because they made it clear they stood for RE reforms. I certainly did not vote for them to increase my taxes.

patriotz
Member

Come on off it. I and those I was replying to were talking about restrictions on foreign ownership in itself. It is a fact that no party promised such restrictions in their platforms. Of course the NDP (and Greens, and I suppose the Liberals after their own manner) made promises regarding housing in their platforms.

YVR
Guest
YVR

Taxing and restricting is the same thing. You are splitting hairs.

patriotz
Member

Levying a 15% tax on someone with deep pockets is the same as legally prohibiting them from buying? Can’t you come up with better than that?

YVR
Guest
YVR

In BC the 15% tax reduced foreign buyer from around 10% of total sales to around 1%. That is a 90% reduction. So yes the 15% tax was 90% as effective at an outright ban.

Just me
Guest
Just me

You don’t know that. The last figures are from a year ago.

Moreover, mainlanders are not stupid: you have to distinguish between buyers and source of funds. They are two different things.
Christy Clark had no intention of stopping the flow of money.

Just me
Guest
Just me

Wrong. Fortunately, it is easy to document the empty promises of the NDP. These are not innuendos, these are official statements.

B.C. NDP promise new tax on foreign speculators
https://beta.theglobeandmail.com/news/british-columbia/bc-ndp-promise-new-tax-on-foreign-speculators/article34711965/?ref=http://www.theglobeandmail.com&

Just me
Guest
Just me
Just me
Guest
Just me
Just me
Guest
Just me

Updated: NDP would expand B.C.’s foreign buyer tax: Retroactive 2% tax would cover all B.C. homes owned by those not paying Canadian income tax
https://www.biv.com/article/2017/3/ndp-would-expand-bcs-foreign-buyer-tax/

I have a ton more links documenting in minute detail all the unattended promises and commitments of the NDP. There is no room for ambiguity. They lied.

YVR
Guest
YVR

As for BC, none of the parties promised to restrict foreign ownership in their platforms, so the people are getting what they voted for.

Right from an NDP hacks mouth. The NDP did say the foreign buyers tax did not go far enough, they promised to tax pre sales for foreign buyers, they promised they would implement a 2% tax on foreign speculators and they promised to stop a bunch of other shenanigans related to foreign buyers like money laundering, etc. among other promises. All of these things have the same result. Less foreign buyers and lower prices. They have not only done none of it, they have not even discussed it since getting elected other than deflecting when asked about it.

Just me
Guest
Just me

One thing I will say: they did go after money laundering in casinos. Certainly more forcefully than the BC Libs ever did. But not enough. Still way short of what they promised.

YVR
Guest
YVR

Dude they are studying the money laundering with a single consultant. Going after it would be shutting it down and filing charges with RCMP. Big difference.

Just me
Guest
Just me

I agree that their pace is deliberately glacial.
They are terrified the music will suddenly stop. Not sure what their plan really is. I suspect there is no plan but survival.

I am very disappointed, especially in Eby. I thought he was better than this. I was wrong.

Just me
Guest
Just me

Bank of Canada chickened out again.

Poloz and Wilkins will go down as the worst set of Canadian central bankers in history. Why do we get such bad politicians and technocrats in Canada? They seem concerned only about their careers.

https://www.bloomberg.com/news/articles/2017-10-25/bank-of-canada-holds-rate-steady-urges-caution-key-takeaways

Oracle
Guest
Oracle

Don’t listen to MSM regarding rate hikes. look at bond yield curve. Rates expected to rise 1.25% in USA over next 4 years and then decline as business cycle goes. Less in Canada…1 rate hike per year…total 0.75% over 4 years…

Dyugle
Guest
Dyugle

Our interest rate has matched the US now. It is likely to stick with it for the next while unless our economy diverges. Look for a hike everytime the US hikes.

bullwhip29
Guest
bullwhip29

whether this was simple acknowledgement they got it wrong or they were overridden by higher powers, these guys and gals are so effed it isn’t even funny. where to begin?

further loss of credibility
less likely to keep nafta intact
reignition of fire under housing market

Oracle
Guest
Oracle

Some data on 2016 census:

Metro van pop 2016: 2,426,235

Visible Minority pop 2016: 1,185,680 (49%)

Include the temp residents (Students, TFW, and 10 yr Visa Holders) then probably close to 55%.
———————————————————
By 2036, Metro Vancouver will have a visible minority population of approximately 63%. If you include temps, the figure will be close to 70%. Wonder how our school system, courts, architecture will change….Interesting times ahead.

http://www12.statcan.gc.ca/census-recensement/2016/dp-pd/prof/details/page.cfm?Lang=E&Geo1=CMACA&Code1=933&Geo2=PR&Code2=59&Data=Count&SearchText=Vancouver&SearchType=Begins&SearchPR=01&B1=All

southseacompany
Member
southseacompany

“Census: Home ownership plunges as young Canadians opt to rent”, CTV

http://www.ctvnews.ca/canada/census-home-ownership-plunges-as-young-canadians-opt-to-rent-1.3647875

“the latest census figures show: 30-year-old Canadians are less likely to own a home today than their baby boomer parents did at the same age, mirroring a modest but unmistakable decline in the national home ownership rate.”

southseacompany
Member
southseacompany

“Canadian real estate prices drop the most in 7 years — led by Toronto”, Business Insider

http://uk.businessinsider.com/canadian-real-estate-prices-drop-the-most-in-7-years-led-by-toronto-2017-10

“Numbers from Teranet show that home prices generally declined across the country in September. This decline is led by a drop in prices around the Greater Toronto Area, extending through the Greater Golden Horseshoe.”

“Although not all markets saw decline. Vancouver is once again leading the 11 city composite index in monthly price gains.”

Just me
Guest
Just me

Apparently the NDP is OK with further price gains in Vancouver’s RE market. Prices were not crazy enough, so they have to defend their “hard-earned” equity of homeowners.

That moron of JJ Horgan said so explicitly.

Oracle
Guest
Oracle

Like i said before, send Weaver an email threatening a NO vote in order to pressure NDP. Otherwise he should call an election.

Oracle
Guest
Oracle

http://vancouversun.com/news/local-news/census-immigration-to-b-c-down-homeownership-stable-aboriginal-population-growing

Don’t believe headlines like this. They are taking data straight from PNP programs. Just because you ‘land’ in another province (via provincial immigration programs) doesn’t mean you stay there.

Most end up in Vancouver.

Abdul Lahazi
Guest
Abdul Lahazi

US new home sales soar to highest level in a decade

https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=w99407&mobile=false

Developers are feeling optimistic. A survey by the National Association of Home Builders and Wells Fargo found that their outlook is the brightest it has been since May.
Homebuilders are increasingly focused on higher-priced housing, potentially freezing out potential buyers of more modest incomes. The average price of a new home rose to $385,200 in September, the highest on records dating back to 1963.

People just can’t get enough houses. Until interest rates rise substantially (which will be never) this real estate binge will not stop.

KickThemOut
Member
KickThemOut

And who is the biggest group of foreign buyers in US?

Abdul Lahazi
Guest
Abdul Lahazi

You ever use Google?
Chinese buyers led the pack for the fourth straight year, followed by buyers from Canada, the United Kingdom, Mexico and India. Russian buyers made up barely 1 percent of the purchases.

https://www.cnbc.com/2017/07/18/foreigners-snap-up-record-number-of-us-homes.html

patriotz
Member

The NAR stats for “foreign buyers” include recent immigrants (within the last 2 years I believe). Since Mexico and China are the top 2 source countries for legal immigrants to the US (Canada is not even in the top 10), it may well be the case that Canada is the #1 country for actual offshore buyers.

Abdul Lahazi
Guest
Abdul Lahazi

You should write an article for CNBC then and explain your knowledge because they must not have a clue.

Shut It Down Already
Guest
Shut It Down Already
Abdul Lahazi
Guest
Abdul Lahazi

Did you read the article or just the title? This also says Chinese bought the most property in the US. Way more than Canadians.

Dude Chilling
Guest
Dude Chilling

We are experiencing a confluence of baby boomer demographics winding down and globalization of cheap wages and manufacturing which is keeping prices low and manufacturing costs cheap. Add in to that mix, massive influx of immigrants willing to work for basically nothing thus keeping domestic wages low and there is the perfect economic storm of epic proportions. No inflation and no domestic growth. Hence, low interest rates and high real estate prices for the rest of our lives.

Dude Chilling
Guest
Dude Chilling

and to add to this, in Canada we have nothing except real estate and immigration; that is our entire economy. So we will never see politicians touch either of these sacred cows.

patriotz
Member

“in Canada we have nothing except real estate and immigration”

There’s a lot more to Canada than Vancouver fella.

Dude Chilling
Guest
Dude Chilling

The rest of Canada does not have immigration and real estate? I see. I feel much better about things now.

Just me
Guest
Just me

This is such a silly argument. Since there are other places that differ significantly from Vancouver, we should just ignore what happens in Vancouver. Let it burn.

It is quite obvious, moreover, that many places (e.g. Toronto, with all its millions of residents) have been catching up fast the “Vancouver RE diseases”. Once Montreal is in madness mode will you finally acknoledge we have a problem?

Sometimes one has to wonder whether you are just resentful you no longer live in Vancouver. It almost seems you are wishing things get worse, not better.

patriotz
Member

The very fact that I am on this forum means that I think there is a problem with RE in Vancouver. Indeed I thought there was a problem back in 2005. That does not mean I have to agree with some nonsense that the whole country has the same economic foundation.

I’m not resentful that I no longer live in today’s Vancouver. What I’m resentful about is that the metro has been ruined with the connivance of its own residents.

Just me
Guest
Just me

The whole country is slowly being Vancouverized. And ideological people of the right and of the left (yourself included) appear unable to see the truth.

Whistler or Bust?
Guest
Whistler or Bust?
Just me
Guest
Just me

There is enough to scare the living lights out of you.
We live in scary times. The Mainland Chinese are determined to get rich quick and moral compass is lacking.

KickThemOut
Member
KickThemOut

Obviously…how else could a dictatorship communist country like China get rich? Most of its citizens are still eating grass and bark today, and dumping shits down the river. How could anyone from such a country be rich? I still haven’t read any convincing story about how there could be so many rich people from a shithole as BPOM likes to say. Something doesn’t add up.

Abdul Lahazi
Guest
Abdul Lahazi

They lie, cheat, and steal.

Shut It Down Already
Guest
Shut It Down Already

Yet you still maintain you’re not racist. What a joke.

Try substituting “mainland Chinese” for another minority and ask yourself, “do I sound like a fucking Nazi?”.

Imbecile.

Best place on meth
Member
Best place on meth

I don’t know which is more pathetic, the story of “the boy who cried racist” or the story of “the boy who cried Nazi”.

Actually, in today’s world the word “boy” would be substituted with “gender fluid being”, which you probably are.

Go fuck off to that “non-racist real estate blog” you speak of and stay there.

YVR
Guest
YVR

“Try substituting “mainland Chinese” for another minority”

Why? If you did that it wouldn’t be true.

Just me
Guest
Just me

I guess I have to remind you (again!) this is not about race.
I have absolutely no problem with Chinese people from Taiwan, Singapore and Hong Kong. They behave in a proper and correct way.
My big problem is with the greedy, corrupt and lying mainland China immigrants who have ruined the social fabric of Vancouver in the last 15 years. And my problem is with their criminal behavior, not their ethnicity.
This is about money, not race.

Burnabonian
Guest
Burnabonian

but..but…AirBnB is just a communication service. They don’t rent anything; they just facilitate private transactions between consenting adults.

Just like Uber isn’t an employer.

We’ll see what the courts say…

bullwhip29
Guest
bullwhip29

“Water shapes its course according to the nature of the ground over which it flows; the soldier works out his victory in relation to the foe whom he is facing.” ― Sun Tzu

http://bc.ctvnews.ca/video?clipId=1241117

KickThemOut
Member
KickThemOut

Fucking traitor…quoting some unpronounceable Chinese guy’s quote? Seriously?! Why the fuck are you so ashamed of Western thoughts and ideas and philosophy?! You know, the kind of ideas that brought the modern world?

Combat roach
Guest
Combat roach
Hyper-mega-Bull
Member
Hyper-mega-Bull

21.9% of the population reported they were or had ever been a landed immigrant or permanent resident in Canada. This proportion is close to the 22.3% recorded during the 1921 Census, the highest level since Confederation.

https://www.statcan.gc.ca/daily-quotidien/171025/dq171025b-eng.htm?HPA=1

KickThemOut
Member
KickThemOut

All the more reason to kick these fakers out! If your family hasn’t been in Canada for at least 3 generations and contributed to building Canada like mine was, you should either shut up and work hard to build Canada or get the fuck out. No more nice guys being taken advantage of. Frankly, all real estate transactions should have a locals preferences first where the seller is obligated to sell to the highest local true Canadian bidders first.

Best place on meth
Member
Best place on meth

Newcomers are always welcome, just not your kind.

kabloona
Member
kabloona
Dude robs banks to pay for bad real estate deals…. 😉 http://www.vancouversun.com/news/national/accused+bank+robber+suffered+from+depression/15328161/story.html “Stephen Vogelsang, 53, has been charged with two counts of robbery stemming from heists in Medicine Hat last week. Investigators said in both instances, the same man entered the bank and demanded money, leaving each scene with an undisclosed amount of cash…. …Vogelsang was a journalism instructor at Red River College in Winnipeg from 2002 until 2011. Before that, he worked as a sports anchor at CKY — now CTV Winnipeg — before becoming news director. Court documents in Winnipeg show Vogelsang and his then-wife lost $85,000 on the sale of three properties in Vernon, B.C., where they lived between 2011 and 2014. They purchased a $540,000 home when they returned to Winnipeg. After the couple divorced in December 2016, payments were being missed on the house and… Read more »
KickThemOut
Member
KickThemOut

Another reason why we need to kick out the locust communists scambags.

Madashell
Guest
Madashell

Ontario, B.C. to work with CRA to track flips of presale condos
https://beta.theglobeandmail.com/news/national/ontario-bc-explore-measures-to-track-presale-condo-flipping/article36709289/?ref
About time! Don’t forget about the past flips too.

franko
Member
Active Member
franko

I guess they didn’t bother to tell Selena about it…before or after her stint on CKNW.

BubbleTea
Guest
BubbleTea

Salina who?

KickThemOut
Member
KickThemOut

Oh please…stop pretending…you know Selina who!

Lost...but not Leased
Guest
Lost...but not Leased

SELENA ROBINSON
you know…..Svend’s wife..

Best place on meth
Member
Best place on meth

Saliva is who’s wife?

franko
Member
Active Member
franko

The one with the P-L-A-N

Doomcouver
Guest
Doomcouver

NonSalient Robinson

Just me
Guest
Just me

Forget fast cars and yachts, passports are the new status symbol for the ultra rich.

http://vancouversun.com/news/world/forget-fast-cars-and-yachts-passports-are-the-new-status-symbol-for-the-ultra-rich/wcm/10c73afc-586e-4ecd-b469-866db82b5229

The root cause of our problems (declining quality of life in the Metro Van area) is the emergence of these millionaire migrants, who acquire real estate holdings and declare little or no taxes. these people have no interest in participating in local societies. They should not be allowed to do this. In Canada, the Quebec door for “investors” is still very active.

Oracle
Guest
Oracle

Good that you finally get it. problem now is convincing the next person will be like banging your head against a wall. By the time they get it, its too late….like the case of as now.

Oracle
Guest
Oracle

Case in point is this headline: http://www.cbc.ca/news/canada/calgary/alberta-recent-immigrants-2016-census-data-1.4370779

No fucking way more settle in Alberta. What it means is more entered through their PNP program. Will take years to get this through peoples heads.

Doomcouver
Guest
Doomcouver

I don’t think the wealthy people will like it here when all the real estate agents, bankers, and construction workers become homeless, and their anger gets directed at the Chinese that used to pay them their salary. The anti foreign wealth backlash is coming to Canada, but too many people are getting rich off the wealth migration to care for the time being. The wealthy guests will leave just as fast as they arrived when that happens.

Oracle
Guest
Oracle

Lets see if local MSM put out a info-graphic like this. There is no real mixing in Toronto.

Chinese — Richmond Hill/Markham
S Asians from N India — Brampton/Mississauga
S Asians from S India — East Toronto in Scarborough.

https://www.thestar.com/news/gta/2017/10/25/a-majority-of-torontonians-now-identify-themselves-as-visible-minorities-census-shows.html

Oracle
Guest
Oracle

98% visible minority in some areas. WOW.

Vancouver hasn’t seen nothing yet..

Lost...but not Leased
Guest
Lost...but not Leased

Once the snow flies…….. they will be even more visible.

Doomcouver
Guest
Doomcouver
This is just more evidence that the Liberal ideal of multiculturalism doesn’t work in the real world. People only want to live with, and interact with people from their own culture. It’s not a race thing, it’s just that Canadians only want to interact with Canadians, whatever their skin color is. Stupid Neo-Liberals and their opaque rose colored glasses can’t change that. Tribalism is normal, and a healthy human trait to have. That’s why people with English or French as a FIRST language should get bumped to the front of the line on immigration. That’s the way it always was until the PC culture messed it all up. Without a change in the near future you’re going to ghettoize huge sections of Canada, and could lead to Quebec-style separation attempts in the most “multicultural” areas. In the next decade, Richmond… Read more »
Dude Chilling
Guest
Dude Chilling

Islam is the greatest threat to the West in my view. Because it is social, political, and cultural it is not just a religion.

Doomcouver
Guest
Doomcouver
Though I will concede Islamism it is bad for the USA and Canada, due to our geographic distance from Muslim countries, the damage is fairly muted. If we’re going to talk about Europe though, you could easily argue that Islamism could plunge most European countries into Sharia hell in the near future, but that’s another conversation. There are many more factors here that are likely more damaging than the very small portion of Canada becoming slowly Islamized. European democracies in general are under threat from a lot of different factors. These include: flight of capital and jobs to China, India and other asian countries, cultural destruction from excessive immigration by culturally incompatible peoples (Islamists, Maoists, etc.), geographical displacement by wealthy foreign interests, and government policies that destroy the middle class and increase income inequality, just to name a few. Until… Read more »
Dude Chilling
Guest
Dude Chilling

Europe is just further along the Islamification path than North America.

Best place on meth
Member
Best place on meth

We’re not in any danger, they can’t come by the millions on foot.

Abdul Lahazi
Guest
Abdul Lahazi

They won’t come “on foot” get real.

Whistler or Bust?
Guest
Whistler or Bust?

But Justin is going to save the middle class!

patriotz
Member

“That’s why people with English or French as a FIRST language should get bumped to the front of the line on immigration. That’s the way it always was until the PC culture messed it all up.”

Afraid not. Prior to the 1930’s Canada had no immigration controls at all (except on Chinese), so there was no line to get in front of. Post-WWII Canada took loads of “DP’s” from Eastern Europe and people from countries such as Italy who spoke little or no English.

In fact if you gave native English or French speakers priority in immigration today the primary beneficiaries would be blacks from the West Indies and Africa. Not sure that’s what you’re after.

Abdul Lahazi
Guest
Abdul Lahazi

Who cares what happened “prior to the 1930s” We are in the 21st century now and things have changed quite a lot.

Oracle
Guest
Oracle

Dude, the lower mainland could vote to separate from Canada soon. Don’t think Europeans own this land anymore. Max 2 decades before Europeans totally powerless here.

Oracle
Guest
Oracle

You’ll be outnumbered. And With China warships by Lions Gate bridge, I’d suggest locals hightail it towards hope.

Oracle
Guest
Oracle

NDP Flip Flop ON HYDRO!!!

https://thetyee.ca/News/2017/10/25/Fixing-BC-Hydro-Accounting/

LMAO….maybe not. These guys got to get kicked out of office ASAP. Voters made a huge mistake. Even Tyee says so.

Just me
Guest
Just me
This is evidence of the slow drop in quality of life for Vancouver residents, due to the massive displacement triggered by millionaire migrants and mainland Chinese “students and housewives”. Read at your own peril….it is depressing. How did we let this happen? Just-released Statistics Canada census data only confirms what everyone already knows: renting in the Metro Vancouver area is becoming increasingly unaffordable for a large swath of the population. http://www.cbc.ca/news/canada/british-columbia/census-data-reveals-what-metro-vancouverites-already-know-rents-are-through-the-roof-1.4371734 Life after renoviction After his renoviction, Gallagher was able to find a new home in Vancouver, but it wasn’t easy. He’s now forking out $500 a month more than he used to for a smaller apartment with problem neighbours. “We are not in a happy place,” he said. Not surprisingly, the ordeal has he and his partner considering if they’d be better off moving away. “It’s certainly affected our… Read more »
Dude Chilling
Guest
Dude Chilling

There can be problem neighbors when you buy too. And that is much worse.

Doomcouver
Guest
Doomcouver
It hurts to say this, but the best solution is to leave the GVR. The brain drain will eventually collapse the market when the only game in town is real estate (we’re almost there now), then Vancouver can go back to being a beautiful, yet boring back-water. I make a pretty good income, but if I lost my job, or if rent prices spiked, I would be taking my own advice and would leave. You definitely would not catch me being one of the poor middle-aged people working at wal-mart or starbucks trying desperately to make ends meet here. With the real estate mania as bad as it is, if I can get together enough savings, now might be the perfect time to buy an RV and travel the continent. The bubble could potentially take a decade or longer to… Read more »
Oracle
Guest
Oracle

You are so clueless. What will happen is life will go on. The Rich landowners will enjoy the good life with cheap servants and the landless renters will become workers who can barely make ends meet as rents rise etc.

Don’t take it wrong way but, visit other cities in Asia centuries old. That’s how it is there.

Madashell
Guest
Madashell

Premier Horgan says it is not realistic for BC to follow New Zealand’s lead as it bans foreign buyers.

Just me
Guest
Just me

Link?

Doomcouver
Guest
Doomcouver

This smells like Oracle-excrement to me. There’s plenty of stupid things the NDP have said, you don’t have to making stuff up yourself.

Oracle
Guest
Oracle

Hey Einstein, ther can be others that share my viewpoint. And check my record of predictions. Ask Just me.

patriotz
Member

I would assume at a minimum Horgan would be aware that NZ isn’t actually banning foreign buyers, so I don’t buy this.

Lost...but not leased
Guest
Lost...but not leased

Ummmmm..New Zealand is a country
….BC is the provincial entity within the country known as Canada
Thus……Horgan has no such authority

bullwhip29
Guest
bullwhip29

‘We can’t risk people’s lives’: Maple Ridge Council votes to prohibit homeless camp
https://globalnews.ca/news/3825203/maple-ridge-council-homeless-camp-known-as-anitas-place/

>>> again, it would seem anyone and everyone from the toniest of westside Vanc neighborhoods to all the FOMO-bots turned RE gurus is getting drunk on real estate spirits and developing a case of incurable nimbyosis as a result.

Doomcouver
Guest
Doomcouver

So first the government was complicit in allowing billions of dollars in foreign and domestic speculative capital to buy up all the homes, and now they’re making it illegal to not have a home? How exactly has there not been a massive revolution in Canada yet? Oh yeah Canadians are too ill-informed and lazy to care… I forgot about that…

Oracle
Guest
Oracle

It’s the local Caucasian girls who can’t pay rent that are bearing the brunt of these policies. Many are selling bodies to landlords to make ends meet.

Abdul Lahazi
Guest
Abdul Lahazi

Selling bodies? Like corpses? Well we are near Halloween …

Shut It Down Already
Guest
Shut It Down Already

So you’ll be suggesting that they relocate to your backyard then? If not, why not – other than “incurable nimbyosis”?

Doomcouver
Guest
Doomcouver

That’s a good idea. I bet the Maple Ridge council has some really nice back yards. We could all have campfires and sing songs about how homeless we are. It’ll be awesome.

Abdul Lahazi
Guest
Abdul Lahazi

I’ll bring the marshmallows.

Best place on meth
Member
Best place on meth

I’ll bring a pumpkin.

Fully paid for.

Just me
Guest
Just me

Will it fit in your car. Or do you need a German made SUV to deliver it?

Doomcouver
Guest
Doomcouver

If you’re going to be homeless and living in your car, it might as well be in a Mercedes.

bullwhip29
Guest
bullwhip29

West Vancouver files to demolish home allegedly built without permits
http://bc.ctvnews.ca/west-vancouver-files-to-demolish-home-allegedly-built-without-permits-1.3649097

>>> boy this guy must have seriously pissed someone off…. https://www.instagram.com/phil.garrow/

Dude Chilling
Guest
Dude Chilling

Wealthy people who think they are above the law.

Oracle
Guest
Oracle

Can be stopped by ‘donations’

YVR
Guest
YVR

Funny thing is the guy is a major developer/home builder in West Van. He obviously knew better but must have thought he had already paid the right people off?

bullwhip29
Guest
bullwhip29

B.C., Ontario mull pre-construction condo sales registry amid CRA crackdown
http://vancouversun.com/news/local-news/b-c-ontario-mull-pre-construction-condo-sales-registry-amid-cra-crackdown

Oracle
Guest
Oracle

NDP will study it and assign a task force to get back to us in 2021. Geoff Meggs and Gang are running the show.

Just me
Guest
Just me

I suspect Meg’s does have a role in this sudden slowing down of activity on the housing front. He seems intent on politicking more than anything else. Beware ideologues who age out of their own ideals.

Oracle
Guest
Oracle

The moron who keeps down voting my posts must be real dumb. Hey, life isn’t fair. Accept your fate and quit being a kid. Try to keep up. Having a keyboard does not mean you are smart!

Doomcouver
Guest
Doomcouver

If the CRA were doing their jobs this would have happened at least a decade ago.

Bong
Guest
Bong

CRA has been chronically under funded. Harper cut 10% of its budget. We don’t pay for enforcement in Canada. That’s why criminals love it so much.

Oracle
Guest
Oracle

mull…….nothing to see hear folks.

Just me
Guest
Just me

You cannot miss the irony in this.

Xi Jinping at the Communist Party Congress: “houses are built to be inhabited, not for speculation”.

http://www.scmp.com/business/article/2116621/what-president-xis-congress-message-means-chinas-housing-market

“While that comment isn’t new, to reiterate it at such an important meeting is highly unusual,” said Larry Hu, China economist for Macquarie Securities in Hong Kong.
“We see almost no chance of property measures being loosened in the next 12 months.”
“This is a turning point, the central government has started stepping in, and there will be more policy tightening,” Wong said.
Some analysts think that policymakers’ wider aim is to promote better equality among the population and that they consider speculators do nothing but drive prices beyond the average buyer.

Doomcouver
Guest
Doomcouver

The CCP don’t have the balls to stop real-estate speculation. If they did that the economy would enter recession overnight.

Oracle
Guest
Oracle

Recession is a abstract word. You’ve been brainwashed.

A Recession is when there is a depression for some people (job loss etc) and other people are just doing fine. Individual people don’t go into a ‘recession.’

Who cares about the economy going into recession when asset values can be restored to sane values. Those entering a depression have simply chosen the wrong careers.

Lost...but not leased
Guest
Lost...but not leased

Hoo Phlung Poo( LLC) will resurrect the glory days(Inc.) of Mao Tse Dung(Ltd.) and drive out the evil capitalist scourge(T.M.) ….and ..oh yeah….free pumpkins for all !!!!!

history
Guest
history

Xi”s pretty cleaver

the heat is on that ‘Students’ oversea breeding program is catching a bid, so he doubles down on Empty House syndrome.

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