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

Be #1 or No dim sum for you !

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

Be number 1 or no dim sum for you !

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

Many thanks to all my fans !!!!
…..especially SIDA and it’s extended family slumming in Shaughnessy and collecting Welfare.

Shut It Down Already
Guest
Shut It Down Already

Like I said. Idiot.

Diadora
Guest
Diadora

Vancouver, money laundering capital of the world.
Documents show money laundering is rampant in B.C. Casinos. Casino solution: block the documents.

Party on
Guest
Party on

“Still, if you want the eagle-eye view of how frequently governments spend on you, but bill your kids and grandkids—even if you are 20 years old and have neither yet—here’s the rundown.”

The red in our Maple Leaf is for chronic deficits

http://www.macleans.ca/politics/the-red-in-our-maple-leaf-is-for-chronic-deficits/

Time to go
Guest
Time to go

Great research paper against the “SUPPLY, SUPPLY, SUPPLY!” argument:

https://www.theglobeandmail.com/real-estate/vancouver/academic-takes-on-vancouvers-housing-supply-myth/article37015584/

“In order to ensure his findings weren’t just a blip, Dr. Rose went back to the 2001 census, covering a 15-year span. He found that for each household added during this period, the region added 1.19 net units of housing. Put another way, for every 100 households that came along, Metro Vancouver added 119 net units of housing. According to census data, there are also 66,719 unoccupied dwellings in Metro Vancouver.”

Time to go
Guest
Time to go

Article based on a research paper…

“It’s important that people understand the true nature of the affordability problem so we can take significant action to correct it, says Dr. Rose. He favours taxes on speculation, and doesn’t rule out a ban on foreign buying of existing properties, as New Zealand is implementing next year. He also questions the building of housing units that are overpriced and intended for speculation, and therefore “pointless.””

Just me
Guest
Just me

Further evidence the the Urban Development Institute is just a voice for the interests of the developers’ lobbies. You don’t solve the tulip bubble by providing more tulips.

By the way, Dr. Rose deserves kudos also for taking a stand against his self interest. Read below:

“And he’s not a man without “skin in the game.”

“I am doing research that would, if acted upon, significantly degrade the value of my property, and I think to myself, ‘if I sell it now maybe I could retire earlier.’ So the self-interested side of me would say, ‘don’t interrupt the party.’ The good side says, ‘no, for this situation to get reined in, something more dramatic is necessary.'”

Truly an exception in this morally corrupt city.

Dave
Member

Supply matters and is a factor if you know the level of demand, which I don’t think we do. How much dirty money is there to launder in our City and how long will it go on for? I don’t think anybody has a clue. So, additional supply may or may not be the answer.

Either way, the way to bring prices down is to cut off that money. Supply will take years to address. Demand can be slashed immediately.

So I would say at this point it is unquestionable what needs to be done to address the housing crisis. Apparently people in New Zealand aren’t idiots, but we might be.

Shut It Down Already
Guest
Shut It Down Already

Idiots lining up at presales aren’t spending “dirty money”, they’re leveraging their meagre savings 20:1.

There is demand because there is greed, and there is greed because everybody expects prices to be 30% higher in a year and it’s easier money than working hard.

Super Oracle
Guest
Super Oracle

You are just at bad as the racists here.

You are an Asian racist who just defends his kind over others. Its obvious you want vancouver to turn into an asian city.

history
Guest
history

Address the housing crisis? Are you punning us, Dave?

The challenge of the homeless, esp. the vehicle dweller is a formal or legal claim to Non Fixed address existence.

It is now possible to have a library card without an address. I would like to see the same apply to Health Card, Vehicle license, and Auto Insurance. And eliminate the stigma of having no fixed address on a Resume.

Dave
Member

Nice catch on my puns.

I don’t think anybody cares if you have an address on a resume or not. I have probably written 1,000 letters in the past few years and have mailed but a few of them. Yet I still write in a physical address as if it has some meaning.

history
Guest
history

Ahh, yeah, they do care, a great deal.. people want to do business with other people that validate their investments (debt burdens). I still put bullshiet address on my resume, fwiw

Abdul Lahazi
Guest
Abdul Lahazi

Rent a P.O. box.

YVR
Guest
YVR

Does this mean those 89 shipping container homes the NDP has on order will not solve the problem? That along with the increased funding to the residential tenancy office. I thought Selena and Horgan said these are huge accomplishments.

Dyugle
Guest
Dyugle

Nice to see someone identify that taxing investment property is the solution. Tax all residential property at the buisness rate except for principal residences. The local governments can do this if the assesment act is modified to add an additional property class ‘elegibile principal residential property’. The class would match the federal property class that allows for the capital gains excemption. The Vancouver charter allows the city to set the tax rate for each class of property as it sees fit. Then we just need to elect a local government that believes that residential real estate is for residents: not investors! Civic elections next fall.

patriotz
Member

You want to subsidize owner-occupiers even more than today? Programs such as Home Owners Grant and capital gains exemption for principal residences are part of the problem, not part of the solution. This would effectively multiply the HOG many times.

Dyugle
Guest
Dyugle
Nice straw man as I did not say anything about lowering the principal residence tax rate only raising the non-principal residence tax rate. As a result the overall mill rate would drop but isn’t that a good thing? On your point about principal residence owners being the problem, where do you think they pay their income taxes? Additionally they spend most of their pay checks supporting local businesses and paying sales taxes, gst, the carbon tax and a miriad of other government fees, levies and taxes. And you think they are the problem. Give your head a shake as they are the builders of the community. The comoditizers of real estate are destroying the community as they provide no service, elevate residential prices causing all who are not involved to leave. Buisness are leaving and this will increase the mill… Read more »
patriotz
Member

Everyone who buys at an excessive price, or expects to sell at an excessive price, is part of the problem and 65% of households are owner-occupied principle residences. Dropping property taxes for them only encourages more to buy at excessive prices.

Want real solutions? A surtax on RE capital gains, and a property surtax for owners (including owner-occupiers) who don’t pay appropriate income taxes. Both of which I have previously suggested.

Dyugle
Guest
Dyugle

Sounds like BCHAF. Lots of details need to be worked out. Endless studies and no action. No local component. Big government knows best solution. I expect nothing less from you.
My solution, give civic governments the ability to tax investment property at the rate demanded by the public.
I know which I would vote for.

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

More of blame the victim ?

Gov’t upset the internal economic equilibrium by allowing predatory foreign locusts to indulge in our internal “Made In Canada” RE system.

This has created a generational abyss and subsequent friction between Canadians ie Boomers vs Millenials. It is utter nonsense to continually absolve Gov’t as authors and signatories to this mess by urging them to TAX this,…. that…. and the other thing as a band aid solution.

Many Canadians have a home they paid for using Canadian after tax dollars and in the future will sell under the principal residence exemptions which have been in place for decades. Unfortunately, they get lumped in with the foreign locusts as greedy etc., which clouds the issue and exacerbates the class warfare.

Super Oracle
Guest
Super Oracle

STAH LEE PAK!!!

STAH LEE PAK!!!

STAH LEE PAK!!!

STAH LEE PAK!!!

OK!?

LMAO

history
Guest
history

POP QE

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

Is Porar bear still there?…use stolen pumpkins for bait.
….make nice dim sum after sell paws and gall bladder for much Yuan..

Shut It Down Already
Guest
Shut It Down Already

Still think you’re not a racist imbecile?

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

Are rou tarking to me ?
I raise your rent chop chop or please vacate trunk of Smart Car

Shut It Down Already
Guest
Shut It Down Already

That’s a strong counter-argument to somebody calling you an imbecile, alright…..

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

Diarogue is fluitless……..
…,please vacate trunk of Smart Car which you are AirBnB-ing

Maybe contact Harvey Weinstein and flog your rife story.

Shut It Down Already
Guest
Shut It Down Already

Get help.

Just me
Guest
Just me

And some more from Josh Gordon:

“Josh Gordon, assistant professor at Simon Fraser University’s School of Public Policy, has regularly spoken out against the more-supply argument.

“There’s simply no evidence of a slowdown in construction or supply,” says Dr. Gordon. “The construction industry in Vancouver is operating at full throttle. There are around 40,000 units under construction, which is twice the historical average for the post-2000 period. The idea that we should get more supply into the pipeline is a bit silly.

“The role of the supply argument is, to a large extent, to distract the public and policy makers from action on the demand side, specifically in terms of foreign capital.”

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

Classic supply has been supplanted from:
(i) actual demand ( ie owner occupied or rented )
(ii) to a speculative bubble fueled by fiat currency compounded by low interest rates.

I submit an outright ban on pre -sales( condos ) would help.
NOTE: @ssholes like Boob Rennie were kingpins in bringing this foreign concept of pre -sales to BC…
A pre-sale is not much different than a stock option,….it fuels speculation.

Suggest watching ENRON documentaries….their accounting methods were to deem future” perceived ” profits as current income.

We already see the warning signs of the Big Banks sh*tting bricks and backing out. This would knock out the domestic purchasers correct????..thus exposing the offshore influence ? = the market is due to tank ?

Shut It Down Already
Guest
Shut It Down Already

A stock option is not exercised if the underlying’s (which generally already exists) price doesn’t meet the right criteria on a mutually agreed future date. They’re often used to insure portfolios against certain market conditions (up, down, or sideways) or otherwise generate additional income.

A pre-sale is an obligation to buy something that doesn’t yet exist, whenever it’s finished (and not necessarily conforming to the original specification), no matter what market conditions prevail. Pure speculation, especially considering that in hot markets they don’t even trade at a discount. No comparison with stock options is even necessary.

YVR
Guest
YVR

Does that 40,000 under construction include the 89 NDP shipping containers? Maybe Josh forgot about those which should solve the problem.

Best place on meth
Member
Best place on meth

You’re so fucking repetitive, like AIDS.

YVR
Guest
YVR

Sorry dude. When all the NDP can spin is 89 shipping containers as a massive accomplishment for housing that is all I can comment on. Let me know when they actually make good on any of their housing related election promises. So far nothing, and no indication they plan on doing anything. I feel bad for you NDP voters who are still hoping the NDP are going to do something. They lied to you just like Justin did. Get over it.

Just me
Guest
Just me

And you think we would be better off under the BC Libs? Is that your argument?

If so, it is laughable. The B.C. Libs were kicked out exactly because of their behavior about housing in Vancouver. The NDP will be forced to learn from that, to survive. Housing must be addressed seriously if you want to win in Vancouver.

Whistler or bust?
Guest
Whistler or bust?

Actually the BC Liberals won the election they were not kicked out. They had the mantle of power stolen from them by a desperate group who could not believe their luck. The NDP will go back where they belong in the next election.

Just me
Guest
Just me

Did the BC Libs command a majority in the parliament? No.
Hence, they did not win.
They did not win because they are a bunch of corrupt, developers-loving, home-owners defending liars.

One can only hope that the NDP will behave differently than their BC Libs when it comes to RE market in Vancouver.

YVR
Guest
YVR

They won the most seats and the popular vote. That is a win.

Best place on meth
Member
Best place on meth

Nope, not a win.

Whoever is able to form government wins. She couldn’t so she LOST.

patriotz
Member

Parties don’t win BC elections, MLA’s do. Parties win (or lose) confidence votes in the legislature. The NDP was able to get a majority of MLA’s to support them which is why they are now the government.

Speaking of desperate, which party abandoned its own election platform and incorporated its rivals’ platforms into its own Throne Speech in an attempt to stay in power?

YVR
Guest
YVR

We don’t know what the BC Liberals would have done. The NDP has done nothing so the Liberals certainly couldn’t have been worse. Remember it was the Liberals who brought in the foreign buyers tax which is a lot more than the NDP have done.

Best place on meth
Member
Best place on meth

They resisted the tax until the screams from the public became so loud that they couldn’t run and hide anymore. Then they promptly filled it with loopholes.

They even denied for years (like AIDS) that foreign buyers had any impact on prices.

They would have continued doing nothing had they not been FORCED to do something.

YVR
Guest
YVR

The NDP has done the run and hide routine even though the situation is much worse now than when they were first elected. People are screaming louder than ever yet they are ignoring it. At least the Liberals took note and acted on public sentiment rather than lie and then do nothing. Big difference.

Dyugle
Guest
Dyugle

The NDP has been a disappointment. While the Liberals are worse, I am so unhappy with the NDP that I am looking for a civic government solution. I like the BCHAF and if the NDP said they are committed to implementing it in their first full year budget then I would wait patiently. I would expect them to state publicly that they are working out the details and looking for public input. But nothing is happening patroitz so why not look for a civic solution?

patriotz
Member

There is no civic solution, because municipal governments have little power to do anything substantive. Vancouver city council has already done more than any other BC city (or Canadian city for that matter).

That said electing the candidates who care the most about housing would send a message to the provincial government. The votes on the vacancy tax and AirBNB have told you who doesn’t care at all.

Abdul Lahazi
Guest
Abdul Lahazi

Do we want to lower real state prices? Here is how in two easy steps:
1. Stop foreign ownership in residential real estate.
2. Institute a speculation tax like Ontario had introduced in 1974.
Prices will drop 50% or more overnight.
Problem solved.

Shut It Down Already
Guest
Shut It Down Already

You missed the whole part about governments trying to improve affordability by handing out money to marginal buyers, and encouraging people to blow their brains on debt for a decade as if it’s some sort of retirement plan.

Prices are increasing because idiots expect further price increases.

Blame foreigners as usual, though.

Abdul Lahazi
Guest
Abdul Lahazi

No. We are just trying to compete with those proven foreign interests and keep our collective heads above water. Deny foreigners all you want but they are the reason we are where we are.

Shut It Down Already
Guest
Shut It Down Already

Except all available evidence disagrees with you. Now tell me again who is doing the denying.

Abdul Lahazi
Guest
Abdul Lahazi

“All available evidence” Evidence such as the FBT introduced and sales drop off a cliff in Vancouver and then Seattle goes ballistic with Chineeze buyers? And then RE brokers confirm Seattle us way up because foreign buyers are leaving Vancouver. Or evidence that pre-sale condos are being marketed directly in China so the Chineeze can flip them before they hit the resale market here.

Best place on meth
Member
Best place on meth

“All the available evidence” provided by the co-conspirators in the real estate industry and government.

All of the real evidence by intrepid reporters says otherwise.

Just me
Guest
Just me

Evidence that you consistently fail to produce. Even a 5% sales rate for foreign buyers can result in a 50% ownership rate after a few years. If they sell at a lower rate than locals.

Earth is not flat, and you are simply lying and playing the race card.

Best place on meth
Member
Best place on meth
The use of the word “scalpers” regarding pre-sales is one I haven’t heard until now but the term fits like a glove. The guy who runs Thinkpol and his lawyer were on CKNW this afternoon talking about the Real Estate Board of Scumbags sending them legal threats about their reporting, which ties into this. He’s from Sri Lanka where journalists are hunted down like dogs if they report on these kinds of conspiracies between government and their big business donors. He said many were jailed or beaten, one even killed. Not that the threatening letter from the REBGVS is in the same ballpark, yet, but we’ve been heading down a dangerous path with corruption flourishing in our country, especially in BC the last 16 years. China is a big factor in this. Bottom line for this story is that scalpers… Read more »
Dyugle
Guest
Dyugle

Want to destroy the pre-sale market then extend consumer protection laws to cover pre-sales. This would void almost all of the one sided language in the contracts as quid pro quo would govern. This would raise developer risk overnight.

Joe Money
Guest

Cut to the chase and just raise interest rates 10% .

Whistler or bust?
Guest
Whistler or bust?

Another idiot with a perfect idea.

BubbleTea
Guest
BubbleTea

“investors in Hong Kong, China and other parts of Asia were acquiring up to 40% of condo projects marketed abroad … flipping before construction is finished, allowing foreign buyers to capitalize on price gains without having to pay the 15% tax”
http://business.financialpost.com/real-estate/rpt-vancouver-condo-rush-sparks-local-and-foreign-flipping-frenzy
Where the F*#@k is the NDP, CRA, T2…… Hello, Anyone running this country!

Raincity
Guest
Raincity

The foreign buyers are running this country!!

Abdul Lahazi
Guest
Abdul Lahazi

The foreign buyers are ruining this country !!

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

BC NDP Gov’t 1.0 (1972 1975) was effectively communist gov’t….many years in opposition with lots of agendas…even admitted they would be short term and thus gave us ICBC, ALR etc.

BC NDP Gov’t 2.0 (1991 -2003) another bunch of F*ckturds that brought in photo radar and fast ferries..

BC NDP 3.0 (2017- till Andrew Weaver pulls plug)…simply on cruise control…don’t rock the boat…collect gold plated pensions…act as centrist= lie cheat and steal their terminally stupid supporters who never get what NDP actually is..whackjobs who fill the void in between elections.

Yikes
Guest
Yikes

True story… last night at pub downtown a table o guys talking real estate… I overheard one saying need a down payment…other says let fake an accident ICBC pays good money for injury…just a minor rear ender 3 passengers we can pool together settlement and buy a condo. Bahahaha these dumb ass milenials will do anything for a condo. This ain’t gonna end well guaranteed

Just me
Guest
Just me

A bit off topic, but another great article by Douglas Todd. He asks all the right questions. ERspecially the ones that most other people are dishonestly dodging.

Douglas Todd: Who decides the land is ‘sacred’?

http://vancouversun.com/opinion/columnists/douglas-todd-who-decides-the-land-is-sacred

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

Yawnnnnn……

Another defineable group trying to game the system…
First Nations need to address the internal rot….how their traditions defer to a Chief where nepotism is rampant and their governance model allows 3rd world conditions on their “sacred lands” aka Reserves.

Embarassing to see our politicians and law-whore system continually bend over and capitulate to these people.
History is littered with conquered people who” brought a knife to a gun fight”……place your bets.

Or..conversely…maybe we should surrender Canada to First Nations and let them duke it out with foreign locusts.

Best place on meth
Member
Best place on meth
B.C. log exporter sues Chinese owned supplier over bad shipment, failure to pay federal deductions British Columbian log exporter Northcrest Energy Corp. is suing the B.C. subsidiary of a Chinese company over allegations the company duped the exporter into financing its operations to supply logs to a customer in China and delivered inferior product. vancouversun.com/news/local-news/b-c-log-exporter-sues-chinese-owned-supplier-over-bad-shipment-failure-to-pay-federal-deductions The usual, a bunch of locusts from the mainland lying, cheating and ripping us off, this time over log exports, but then this incredibly fucked up tidbit about one of the vermin named in this shady deal: “Paul Zhang, who is also a realtor with Nu Stream Realty, said he is an independent director with a company called Canada Renewable Bioenergy Corp, not Canada Renewable Biomass Corp. as named in the suit, but has no involvement in its day to day operations and has no… Read more »
Abdul Lahazi
Guest
Abdul Lahazi

The solution is to ban them from Canada.

Shut It Down Already
Guest
Shut It Down Already

Alternatively we could build a wall around all our xenophobic, uneducated, ignorant retards.

Just me
Guest
Just me

We don’t have to ban people. We need to ban their dirty money, that is making homeowners rich and everyone else miserable.
That is the hardest thing: how can we force politicians to say no to Chinese money? So far they have rolled over and let them in no questions asked.
Yet, that is the only solution.

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

Sorry, they( foreign locusts and dirty money) are one and the same…..like Siamese Twins.

as I have said numerous times…we have allowed a demographic literally invade our country that is totally incompatible with the best and better interests of its citizens.

They have infiltrated every nook and cranny of society. The leading edge was Li Kai Shing, who by all accounts is in bed with the Mainland Chinese Communists.

It has likely reached the point of no return, and soon to be every person for themselves.

Whistler or bust?
Guest
Whistler or bust?

I think a lot of the people who want to stop Investment from China are neither uneducated nor ignorant.

They are looking at what is clearly happenning in front of their faces and want it stopped.

This does not make them xenophobic nor racist. Denying it makes them ignorant.

Best place on meth
Member
Best place on meth

It’s not investment, it’s money laundering by corrupt foreign scum.

Investment benefits the locals in the host country, this on the other hand is outright rape, plunder and pillage.

Throw in the Fentanyl wars and our century of humiliation at the hands of these barbarians is just beginning.

Shut It Down Already
Guest
Shut It Down Already

What’s “clearly happening” then? Try and answer with facts rather than drama-queenery, if you can.

Combat roach
Guest
Combat roach

Motherfuckers won’t stop until ruin and wasteland are left what once used to be Canada. The Huge voracious and predatory parasite needs a huge and inferior host to leach and fucking feed itself and we are witnessing a perfect match.

Super Oracle
Guest
Super Oracle

Problem is the NDP and Trudeau right now.

Whistler or bust?
Guest
Whistler or bust?

And you voted for both dumbass.

Super Oracle
Guest
Super Oracle

You go Stah Lee Pak!

Dave
Member

The solution is more Panda Bonds.

Get em while they’re hot. Horgan has extended the program and has a message that the real estate party is still on.

Lost...but not leased
Guest
Lost...but not leased
Mainland China is more corrupt than Enron… Nobody wants to lift up the rug and determine exactly how the Chinese financial markets work. However, it appears the truth is slowly oozing out, but probably too late. May suggest reading ” THE YEAR OF THE RAT : How Bill Clinton compromised US security for Chinese Cash ” by Timperlake and Triplett. We in Canada seem to focus on China as if the Chinese are only interested in us. Wrong. The Clinton presidency was likely the most corrupt in History. The Clintons were whores for cash…one of the biggest players was local Frank Giustra,….whose mega million dollar donations to Clinton Foundation while Hilary was Secretary of State leveraged him into many lucrative deals. Clinton was in bed with the Chinese literally from Day One. The Monica Lewinsky scandal was imply a smokescreen… Read more »
Best place on meth
Member
Best place on meth

We have our own Bill Clinton in office now.

Young, hip, flashy guy, popular with the under 40 voters, media darling, lots of style with no substance, selling out the country to communist chinese……oh my god, I hope his wife Soapy doesn’t run for PM some day….

specuskeptic
Member

“How many fucking aliases, company names and titles do these scumbags use?” Ask Oracle.

Super Oracle
Guest
Super Oracle

Looks like i may have hit a nerve. Advice: Go get a thicker skin and come back.

Super Oracle
Guest
Super Oracle

Looks like the residents racists are out in full force today. Memo: focus on your leaders policies…

So stop reading now if you can’t handle the truth.

This is what I’m hearing now regarding the flip flop Horgan and his NDP:

1. Horgan made a deal with Trudeau. Horgan will get some funding for some projects from Trudeau in exchange for letting Kinder Morgan go ahead.

2. Site C will probably go ahead. They are wasting close to a million dollars a day by delaying.

3. Minimum wage increases pushed back years. By then they might not even be in power.

4. Childcare pushed back years. By then…

5. Ridesharing 180

6. Housing???? Barf..

What the fuck have these clowns done? Throw them out ASAP.

Weaver?????

Dyugle
Guest
Dyugle

Nice laundry list. Like the BUHLER!!!!! type reference.
Like I said before let the local governments handle some of it. Some communities want to be resort towns some don’t. Separate residential real estate into 2 classes, principal and the non-principal, and let the voters decide in the civic elections how they want them differentially taxed.

history
Guest
history

Focus on Welfare for Landlords

history
Guest
history

https://www.theguardian.com/money/blog/2017/nov/18/house-prices-land-prices-cheaper-homes

‘the landowner “sits still and does nothing” while reaping vast gains from land improvements by the municipality, such as roads, railways, power from generators and water from reservoirs far away. “Every one of those improvements is effected by the labour and the cost of other people … To not one of those improvements does the land monopolist contribute, and yet by every one of them the value of his land is sensibly enhanced … he contributes nothing even to the process from which his own enrichment is derived.”

Winston Churchill 1909

Just me
Guest
Just me

Brilliant. Just as true in Vancouver, 2017.

patriotz
Member

What’s different today is that the property owning classes now comprise a substantial majority of the population in both the UK and here, compared to a small fraction back then.

Just me
Guest
Just me

Not in Vancouver anymore. If you take out the sizable chunk of overseas owners, renters now outnumber owners in Vancouver proper (not sure about suburbs, but the change is happening also there).
All it takes is for condo owners to realize they are not really landowners, but idiots who bought overpriced boxes, and we have a revolution on our hands.

patriotz
Member

You think that those who have bought overpriced boxes, however they see themselves, are going to support a “revolution” which will destroy their net worth?

Just me
Guest
Just me

When they find themselves unable to upgrade to larger abodes, despite growing families, they will realize it all right.
There are already many of those people who have conflicted feelings about housing policies: many of them realize that lower prices would still benefit them.
Certainly, their homeowning parents realize this already. They figured their kids are unable to grow families in Vancouver, and they are increasingly willing to enforce policies that mitigate house prices.

I think that you have no real feel of how the mood has changed in the city over the past 2 years. The NDP was elected with the single mandate to reduce prices in Metro Van. Ask anyone who voted for them in Vancouver.

Shut It Down Already
Guest
Shut It Down Already

I know many people who voted for them for $10 daycare, not housing. But don’t let that stop you projecting.

They irony is had they voted for Christy they might have got it.

Just me
Guest
Just me

You must be very good to know that people did not want both lower house prices and cheaper daycare.

It is in fact quite surprising: I would think that younger families are exactly those who would want both!

But don’t let facts get in the way of your opinions. You are probably exhausted from a sweaty night having nightmares about racists, who seem to populate the world you live in.

patriotz
Member

“I would think that younger families are exactly those who would want both!”

If they are renters, sure. If they are recent first time buyers, and young families comprise a large % of that group, I’m not so sure.

Just me
Guest
Just me

Young families in Vancouver proper are mostly renters or small condo owners
Both obviously profit from lower house prices. Period.

Dyugle
Guest
Dyugle

What will they tell their kids, study hard become a doctor and one day you can buy a condo in Hope if you don’t mind a million dollar mortgage.

Suoer Oracle
Guest
Suoer Oracle

Shit it down probably worst type of racist when he goes back to China.

He is trying to get an Asian homeland here. White people better hide.

Suoer Oracle
Guest
Suoer Oracle

Please.

Quit the Bullshit.

specuskeptic
Member

“Please.

Quit the Bullshit.”

The irony is thick in here…

Suoer Oracle
Guest
Suoer Oracle

Still got your panties in a knot. Get over it son.

Dyugle
Guest
Dyugle

55% rent in Vancouver and the number of people that own multiple properties is also high historically. This is according to what Weaver has said publicly.

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

To update this quote…suggest substitute” Landowner” with ” NDP “.

realist
Member
realist

The short Guardian article above encapsulates the success of the landed classes in influencing legislation to their benefit. It omits this detail: PM Harold MacMillan’s in-laws were the Cavendish family, Dukes of Devonshire, and one of the great landowners in Britain. His legislation, coupled later with Margaret Thatcher’s neoliberal housing policies, gave rise to the current housing mess in Britain, remarkably similar to Vancouver’s. Again from the Guardian:
“The bank of Mum and Dad: ‘It’s such a huge amount of money. And guilt’ ”
https://www.theguardian.com/money/2017/nov/11/generation-rent-property-borrowing-from-mum-and-dad-guilt

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

May suggest people do some serious estate planning.

Get professional advice, but my understanding is if you want to avoid Probate fees and Estate taxes…..shelter the estate with things like Joint Accounts with would- be inheritors. Once the party passes on, distribution of the estate is smoother and less cumbersome.

I am acting as an Executor of an estate and the Gov’t has their fingers everywhere.

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

This is likely why the Irish have had such a beef with Brits.

Apparently much of Ireland is/was owned by Wealthy Brits. The Irish didn’t have much say in how their won country was run. The British treated them like dirt.

The Irish were actually the ultimate slaves..the Africans were bought and paid for…they were treated much better than the Irish, who , regardless of age were literally kidnapped and sent to the New World .

Whistler or bust?
Guest
Whistler or bust?

I wrote several polite emails to Eby and Horgan asking about their campain promises and they never even bothered to give me a cut and paste reply.

Just me
Guest
Just me

They better get their act together. Or they will be held accountable for the lack of action on housing.
Fixing tenancy rules is way short of what was expected of them.

YVR
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YVR

“They better get their act together.”

This is their act. Get used to it.

Just me
Guest
Just me
Right now we don’t know that yet. The jury is not out on the NDP housing policy. However, if they fail to come up with significant policy changes by February 2010 (geared to lower prices ) they will pay an incredibly high political price in Metro Vancouver. I suspect their vote will be cut by half, which will likely usher in a new Liberal government. I cannot imagine that Horgan and Eby will commit a political suicide of such proportions in Metro Vancouver. But I have been disappointed by politicians before (inevitably they all ended up paying the price of not being brave enough about housing). In Vancouver, right now, housing the single biggest issue faced by most voters. Including many homeowners who are finally understanding the nature of the foreign buyers’ problem. Money flows from China have to be… Read more »
Suoer Oracle
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Suoer Oracle

NDP has been infiltrated and they are setting up a defeat of the referendum and then the party itself.

Then the Liberals come back in for 16 years.

Eby, James, and Horgan are going to be laughing all the way to the bank.

Selina will be out on the street.

Best place on meth
Member
Best place on meth

Care to cut and paste one of those e-mails here with the time and date stamp?

You can redact your own e-mail address, of course.

Whistler or Bust?
Guest
Whistler or Bust?

Write your own and you will see.

Abdul Lahazi
Guest
Abdul Lahazi

We should all be doing this.

YVR
Guest
YVR

Unless you want to attend one of Horgan’s $10000 per plate dinners he ain’t listening.

Just me
Guest
Just me

I suppose everything is relative. At least you don’t have to show with a suitcase of cash at Christy Clark’s place, as it was commonplace when she ran the province.
She was shameless when receiving money (not just from the party, but from donors directly to her).

Suoer Oracle
Guest
Suoer Oracle

Again. Don’t kid yourself. Suitcases are moving as we speak.

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

Disillusionment time.

Lets be blunt..99.9% of politicians are whores.
With few exceptions, the NDP , even in opposition were party to much of what is going on…most certainly BC Real Estate.

They knew the situation was out of control…and yet gave the impression to gullible they had a solution. Other than drastic measures…there is nothing the NDP can do, and they knew that.

I’ve suggested the Hong Kong Model..whereby public housing( hi rise) is purpose built for 30% of the population so as not to hollow out the City.

patriotz
Member

All land in HK is owned by the HK government. This means they have a huge reserve of vacant land to build public housing on, and it also means they get a steady stream of lease revenue from all the other developed land in the territory. That’s why their model is feasible.

This policy was brought in by the UK when they first acquired the territory.

Lost...but not leased
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Lost...but not leased
While point taken…..actually ALL Land is Gov’t Land……..as @sshole Trudeau did not entrench property rights into the constititution…aka expropriation. Hammer and Sickle VISION should maybe stop using shipping containers as band aid solution, but use the various funds aka taxes on vacant home …AirBnB fees etc they are imposing to an actual dedicated project. They simply need to look at the old models of affordable housing such as co-ops etc…where affordable housing was scattered in and amongst many middle class neighbourhoods. Until they do, all these aforementioned taxes simply end up in general revenue ,likely t be pissed away on various bureaucracies pet projects and civil servant salaries. IMHO, it is likely too late as NIMBYISM sets in and the politicians capitulate. Time for these alleged parties of the little guy like VISION or NDP to put up or STFU….… Read more »
Shut It Down Already
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Shut It Down Already

They’ve already said that they don’t expect the vacant homes tax to be a revenue generator. And I’m sure those $50 Airbnb fees will go a long way.

Just me
Guest
Just me

Death by a thousand cuts.
We need to adopt any measure that makes RE a worst long time investment. Only that way we will restore the role of homes as dwelling, not gold bars.

It will take time, but eventually we will manage to ruin RE for,foreign investors who treat it like safe deposit boxes.

Best place on meth
Member
Best place on meth

The CEO of the Vancouver tech startup alleged to be a Ponzi scheme is on the run in China, according to court documents filed by an investor who is suing the company.

Vancouver Lawyer Joe Carangi, who invested $138,000 in Istuary Investment Fund, is alleging that CEO Yi An “Ethan” Sun and his wife Yulan “Amy” Hu spent investor money to buy homes for themselves in the lower mainland, fund their personal lifestyle, and to acquire companies and shares in China.

https://thinkpol.ca/2017/11/17/sun-on-the-run-ex-lovers-settle-as-istuary-office-auctioned-off/

Scam…..check
Stolen money laundered in real estate…..check
Perpetrators are recently immigrated locusts…….CHECK CHECK CHECK!!!

Abdul Lahazi
Guest
Abdul Lahazi

IDK why anybody would want to do business with these people. Constantly scamming everyone.

Combat roach
Guest
Combat roach

Greed is addictive, and fucks are the big shoot in the city right now and some would be willing to jump a train too for a quick scummy buck.

Just me
Guest
Just me

We seem unable, as a society, to control and restrict this illegal behavior.
This is the responsibility of our elected officials, including those at the Federal level. Why don’t they act?
Simple: money.

Trudeau and the Federal BC politicians receive donations from these criminals.

Best place on meth
Member
Best place on meth

Justin the Turd IS one of these criminals.

Lost...but not leased
Guest
Lost...but not leased
Oh, there is much more.. Suggest read ” Trance-formation of America” by Cathy O’Brien. Much evidence suggests the Elites and their Political Pupetts are into some real nasty bonding acts…(ie Franklin Coverup), whereby they indulge in all sorts of sordid acts, like Child abuse and molestation. This club has its soul selling perks..as if one strays, the blackmail starts and hung out to dry. Cathy O’Brien was one such victim, who claims Pierre Trudeau was one such participant. The added allegations are that this is generational, in that the Elites subject their own children to such abuse so as to break them and then program them. Stanley Kubrick last movie “Eyes Wide Shut” was basically an expose of this rite of passage for Elite club membership. Often the political puppetts come from broken homes….Gordon Campbell’s Dad committed suicide…Christy Clark’s father… Read more »
Suoer Oracle
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Suoer Oracle

Don’t kid yourself.

Under the table donations to extended family and to foundations.

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

This is why people should be even more diligent when offers to purchase come from Mainland Chinese.

When the SHTF, rest assured these locusts will disappear back to their native hive, never to be seen again.

IMHO this flusssh is occurring as we speak…the tide is going out….much more exposure to house of cards.

Doomcouver
Guest
Doomcouver

Exactly the point I keep telling everyone. Many mainland Chinese are here because the hot money is here. Once the mania ends, the locusts will move on to the next un-cannibalized market. They’re called locusts not because they move to an area and live there. They consume everything, and when there’s nothing left, they move on. Give it a few decades and Richmond will be a barren wasteland of moldy McMansions and discount used BMW dealerships.

kabloona
Member
kabloona

From the Globe article….

“….Dr. Rose knows that his findings will be challenged. “Bring it,” he says. “Here’s the data. If you want to argue against it, go ahead. It’s publicly available. And when I did this research, I had my independence. Nobody owns this. I get no sponsorship from any industry, any sector. I’m a free agent.

“I think that’s a benefit of this research. IT’S NOT COMING FROM A SCHOOL OF BUSINESS THAT IS BEING FUNDED BY THE REAL ESTATE INDUSTRY, or somebody who’s passionate about densification and smart growth. I think there’s some romanticizing going on, about what the ideal city should look like, and unfortunately it gets sucked into this debate about affordability….”

Tsur Somerville……is he talking about YOU…..? Ha-Ha!!

😉

Lost...but not leased
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Lost...but not leased
Yeah…Old Tsur Sommerville seems to have been displaced by Davidoff. “Sauder School of Business” funded via benevolent benefactor LOLOLOL. My take is that these co-opted talking heads roles are to ignore and deflect the obvious facts, till it becomes too dam obvious and then they begin to capitulate. Like recent news that Richmond is approx. 52% Chinese. Realistically, that is probably a 10 year old stat. My suggestion is that one spend some time at one of the central hubs of a given City and do a count. If you go to corner of #3Rd and Westminster Highway you will see at minimum 90% Chinese. ================== In other news…reported that current owners of Richmond Center Mall will put the mall up for sale. It appears the older strip malls in the immediate area ( ie Park Village, Times Square and… Read more »
Suoer Oracle
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Suoer Oracle

These NDP morons worst than I thought.

Site C going ahead means 30% + inflation increase in hydro rates.

ICBC premiums up already this month with no plans to modernize system. They are ‘studying’ it.

No ridesharing. ‘Made in BC solution’ BS and ‘study’

No plan for MSP premium elimination, housing, childcare, minimum wage. All ‘studying’.

We should force these buffoons out with a general strike.

bestplaceonearth
Guest
bestplaceonearth

It’s never too late to recognize it. This party spends all the money to make plans and to study; when it’s time to come to implement those plans, they will do more studies and plannings. Meanwhile, those relying on the NDP get screwed deeper,

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

QUOTE:
” The very concept of a nation founded by European settlers is offensive to me.
Old stock white Canadians are an unpleasant relic, and quite frankly, replaceable.
And we will replace them”

(Justin Trudeau when asked to comment on his open border policy)

Just me
Guest
Just me

Is this for real? Can you quote e reliable source?
If it was, it would be disgusting and, frankly, unacceptable.

Lost...but not leased
Guest
Lost...but not leased
Found it on Henry Makow’s site.. Even if Trudeau didn’t say it, there is no evidence to the contrary. People of European descent are being targetted via immigration policies. Politicians like Trudeau fear the level of accountability we would demand if our society was more homogeneous. He and his ilk want a free ride into office “no questions asked” by concurrently dumbing down the citizens and demonizing potential threats into self -censorship. Apparently Lester Pearson’s vision of Canada was strong yet equal regions. Then Pierre Trudeau came onto the scene and began the death spiral of Canada . Its incomprehensible that many Canadians cannot see through the Trudeau agenda…Pierre started…Justin will finish. Plan =Transforming a nation into a bunch of dysfunctional Balkan states All out of the Communist playbook to create a One World Gov’t. –PLAN A =-The Stalinist approach… Read more »
Shut It Down Already
Guest
Shut It Down Already

“Even if Trudeau didn’t say it, there is no evidence to the contrary. ”

You’re an idiot.

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

You talking to a mirror ?
(Redundant)

Doomcouver
Guest
Doomcouver

He’s definitely said those words before, just not in the same order. Checkmate!

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

Intriguing for a number of reasons.

Is heritage designation based on request of owners, or does the City make the call ?
Typical of Pre- Depression era mansions is their conversion to rental units(rooming houses) and nursing homes.

However, the vast majority of newer SFH are at the Mansion scale. My guess is that Local Gov’t will begin to look at permitting them to convert to rooming houses.

Just me
Guest
Just me

My tax dollars at work. Subsidizing Chinese millionaires who want to renovate their mansions. The do get rule of la on their side, when convenient…..

“Her judgment requires the city to pay damages for Wu and Cao’s economic losses, in an amount to be determined at a later date.

The city declined to offer up someone for an interview on the judge’s decision, but issued a statement expressing disappointment. Vancouver is considering an appeal.”

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

I know SIDA will fall out of wheelchair at old folks home…..and dirty their personally autographed Che Guevara T Shirt..but here goes..

I look at the issue as COV f*cked up on the issue at hand.
BTW: I’ve dealt with ex- COV head planner Bri*n J*ckson before and IMHO he is a lying cheating weasel.

Ignoring the offshore millionaire issue, at least the owner tried to go through proper channels, as opposed to having a “convenient” house fire, or storing a cache of stolen pumpkins.

Of course the COV will appeal, but IMHO will still lose.

Abdul Lahazi
Guest
Abdul Lahazi

They paid $4.65 million for it it 2011 it is now assessed at $7.936 million for a gain of $3.286 million and they need to be “compensated” for “economic losses”. WTF ??? They pretty much knew there would be a heritage designation applied to this property but they bought it anyways and now they get paid for owning it. There is something really wrong with this system.

bullwhip29
Guest
bullwhip29
yes, this is FUBAR for lack of a better expression. while not exactly the same scenario, this potentially opens another larger can of worms with the FBT label written all over it. folks who think this example with the heritage home is outrageous better brace for something even more obscene in the coming months. while there were a limited number of transactions that fell through the cracks at the time of FBT implementation (ie. Jing Li) there were also many 1000’s of pre-sale condos purchased prior to this announcement which will now be subject to the additional tax assuming nothing changes going forward and each and everyone of these buyers will take notice of this ruling by the judge and argue that they should also be compensated (or at least have these purchases grandfathered). the NDP is caught between a… Read more »
Combat roach
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Combat roach

This is what we get when system is not meant to cater to leachs, locusts and parasites and motherfuckers know it and go full throttle for it.

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

Hey SIDA..thanks very much..

The more I do research on Justin Trudeau ( Canada’s Robert Mugabe meets North Korea Kim il Jung ) and review his quotes and speeches)…..the more disgusted I get.

…..this guy is a nasty piece of work( but what do you expect given his gene pool ?
More pragmatic countries would have him in prison as a certifiable RACIST and a serial TRAITOR.

Shut It Down Already
Guest
Shut It Down Already

I think you’ve spent too much time in history’s van with the windows rolled up.

Whistler or bust?
Guest
Whistler or bust?
Just me
Guest
Just me

Disturbing. Very disturbing. Like many other things about mainland China.
Trudeau and his friend McCallum better start paying attention.

Just me
Guest
Just me

By the way, I have been wondering why McCallum is pushing so strongly for Canada to ignore the obvious human rights violations of China and focus on trade. The guy is really pushing for Trudeau to set aside any reservations about human right abuses and go full steam towards economic integration with China. It begs the question: why? Then, someone who knows him pointed out to me that his wife is called Nancy Lim. Perhaps just a coincidence and one should not draw any conclusions. But it certainly suggests that he might have a personal bias.
I remain dubious that further integration with the People’s republic of China would be in the interest of Canadians. Quite the opposite.

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

Answer? Traitors and certifiable racists.

Cockroach Communists like McCallum and Trudeau have been Manchurian Candidated to demonize their own demographic gene pool ( aka European stock ) as the source of all evil ( ???? ).

Unfortunately, via the Trotsky school of Marxism,and morseo via the public education system, those of European stock have been turned into simpering wimps with no clear focus and direction but in perpetual apologist mode . Unfortunately, this marxist process is slow, often multigenerational ,but very determined.

What McCallum and Trudeau are telling those of us with European ancestry are we and our ancestors are evil scum, oppressed all others, who need to be bred out of existence, if not outright exterminated. Whose the racist , traitor, xenophobe, etc?

PS FUCK YOU McCallum and Trudeau

Super Oracle
Guest
Super Oracle

The leaders aren’t listening to the people. I’m of Indian ancestry and even i think Immigration is out of control…zero assimilation occurring.

My grandparents immigrated here because they like a British way of life. Now its turning into an Asian way of life. I don’t like the Asian way of life and to hell with the people that would call me racist.

I like the British way.

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

If you actually are of Indian(ie INDIA) ancestry, you will soon be on the outside looking in.. I will call them South Asians.

What I’m seeing is much of the SFH and condo projects monopolized by South Asians in THE most racist ways…you will not see a single Caucasian worker/tradesmen on any of these site from start to finish.

I keep hearing rumours of “Temple Money.”..aka donations to their “houses of worship” are in effect acting as banks for congregation members’ RE projects.

In essence, South Asians are basically pimping themselves to foreign locusts…who will ultimately toss you into the ditch when the time is ripe.

Super Oracle
Guest
Super Oracle

We need Trump and the US Military to invade BC NOW. Otherwise BC will become a strategic threat to the USA.

Just me
Guest
Just me

Further evidence that “open border” policies are not that popular with western voters. And that politicians who ignore this are likely to be punished at the polls (Trudeau, are you listening?)

Merkel’s Attempt to Form a New German Government Collapses.

https://www.bloomberg.com/news/articles/2017-11-19/merkel-s-push-collapses-to-reach-four-party-coalition-agreement-ja7dc50v

Many former voters of the CDU and its Bavarian CSU sister party switched allegiance to Alternative for Germany, which ran against the political establishment and Merkel’s liberal asylum policy in particular. During last summer’s election campaign, the chancellor defended her open-borders stance during Europe’s refugee crisis in 2015 and 2016, saying she’s convinced she did the right thing.

YVR
Guest
YVR

Merkel should have been put in front of the firing squad for what she did to Germany.

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

Merkel is a communist agent groomed within East Germany…..aka the Perestroika Deception.

Her equivalent in Canada is Justin Trudeau

Best place on meth
Member
Best place on meth

Ditto for Justin the communist.

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

Re: Merkel

One can do GOOGLE search and see her in uniform as a member of the East German Stasi (Communist Secret police) as well as a photo of her and some other Commie chicks skinny dipping.

Merkel is simply a Manchurian candidate strategically imbedded to take down Germany with her liberal immigration policies..which is repeated in other European countries.

Whistler or Bust?
Guest
Whistler or Bust?

YVR we have never met but I think we would be fast friends.

Combat roach
Guest
Combat roach

Taking over Richmond is just another of locust’s successfull strategical moves across the globe. While other powers are occupied with less important issues locust keeps progressing with the help of the fifth columns…

“The news that General Constantino Chiwenga had visited China only a few days before the military takeover in Zimbabwe was a coincidence that did not go unnoticed.”

http://www.bbc.com/news/world-africa-42012629

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

Was recently reported that ever increasing size of cruise ships has made Vancouver ports obsolete, ( and cannot pass under Lions Gate Bridge )and Ports Metro are considering Richmond or Roberts Banks as new docking facilities. This may create leverage to force the Deas Tunnel replacement.

Re: Gen. Chiwenga and Zimbabwe….??? China has a big presence in Africa, maybe best to draft a shorter list of where foreign locusts have minimal presence.(Won’t hold breath)

bullwhip29
Guest
bullwhip29

port of vancouver lands worth a fortune. operations will be moved south of fraser eventually. the cruise ship terminal will go to richmond, however.

Super Oracle
Guest
Super Oracle

The SJW are busy trashing Trump. Imbeciles.

Woowwee
Guest
Woowwee

Leak from higher up at ICBC saying they gonna eliminate Autoplan to save money. No need to go to a Autoplan brick n mortor to renew your license/insurance, just renew online and have continuous non expiry decals like Saskatchewan has. hundreds of millions in savings, no longer have hassle to go to renew, just go online…….Autoplan agents will be unemployed… thousands of em. =more listings

Sounds good to me

Super Oracle
Guest
Super Oracle

Hope they do that but not so sure it will happen. An Autoplan franchise last year went for $1.3 million. A few years back, the Autplan owners got together with the government and made sure no new franchise licences were given out. They are allowed to set up satellite offices. So those NEW Autoplans you see in new grocery stores are subsidiaries; NOT NEW LICENCES.

The people who own the Autoplans make a killing (around $300 a renewal). The workers and sales staff a pittance.

Whats your source? I heard that the government made a 25 yr agreement or something where the government would have to buy back the licences at market rates if they were bypassed.

Super Oracle
Guest
Super Oracle

And to add to that, note the new NDP doesnt even mention how much money goes to the autoplan owners. pay to play…waiting for that envelope.

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

I did a search on what the agents get for private car insurance…its around 10-14 % of the premium.
Insurance brokers, when they sell, do tend to get a nice price, as the purchaser is effectively buying the goodwill of the company, in this case the client base.

Re ICBC and BC Hydro…these are cash cows for the Province…simply adjust the rates and send the cash to general revenue.

I doubt the NDP will get rid of agents…too much backlash.

Yikes
Guest
Yikes

Oh ya Oracle is a know-not all

Super Oracle
Guest
Super Oracle

Also, the sticker thing is a scan meant to confuse. Serves no purpose. Licence plates are scanned by police computers. if someone really needed a sticker, they can easily get one copied.

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