Friday Free-for-all! November 24th 2017

Happy black Friday, let’s do our regular end of the week open topic discussion thread for the weekend. 

It’s Friday Free-for-all time!

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

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bullwhip29
Guest
bullwhip29

Class action slams HSBC for failing to flag Ponzi schemer
http://www.nsnews.com/news/class-action-slams-hsbc-for-failing-to-flag-ponzi-schemer-1.23102391

The fraud was perpetrated by Virginia Tan, a West Vancouver businesswoman who operated at HSBC between 2011 and 2013 and garnered more than $30 million from investors

Sketchy
Guest
Sketchy

So, Super Oracle and friends, it looks like your Fake News continues to be Fake News…Steve Saretsky has just mentioned on a recent tweet that “foreign buyers” only accounted for 3.1% of all REBGV sales for last October.

But, I’m sure we’ll here more of your “views” about money-laundering, “shell companies” and other hysteria to set us straight on the REAL FACTS…according to you, that is.

As I say, trolls like you are either getting gobs of money from developers to constantly spin your nonsense or else you’re up to yopur eyeballs in RE debt and are desperate to keep “talking things up”. I suspect it both!

Shut It Down Already
Guest
Shut It Down Already

When faced with contradicting facts (his tweet had an awesome graph, btw), they simply keep moving the goalposts until their position is no longer falsifiable. “Prove me wrong!” the morons bleat like a bunch of Creationists who reject the fossil record. It’s how you can tell you’re debating a fool with no sense of logic, integrity, or decency.

“Burden of proof” to them is just a cool title for a movie or possibly a hipster band name.

Sketchy
Guest
Sketchy

Ha ha! Ain’t it the truth! And I DO mean TRUTH!

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

Fossil record..???
Where’s the missing link..???

…………………………oh its Sk#tchy ?!?!

Sketchy
Guest
Sketchy

Jeepers! Super Oracle has been busy driving all over town and using different computers to cast all those DOWN votes! It must be nice to have that kind of time on your hands!

Sketchy
Guest
Sketchy

I guess all the “unpleasant-looking” price drops he saw today on My Realty Check has him pooping his pants.

bullwhip29
Guest
bullwhip29
Olympic Village’s giant birds headed east for repairs http://www.vancourier.com/news/olympic-village-s-giant-birds-headed-east-for-repairs-1.23103495 >>> so, let me get this right…these were made by a Vancouver based artist at a cost of $600,000 to taxpayers (which included a sizeable Olympic Games premium I am sure) only a mere 8 years ago. now they are being shipped to China for “repairs” which are “pegged” at $425,000 but will inevitably climb closer to total replacement cost if not more once they are out of our possession and the contractors have us over a barrel. it never ceases to amaze me how the powers that be can seem to come up with new and improved ways to waste money. i suppose it could have been worse though (for owners in Olympic Village) as the project could very well have been a strata issue much like the giant tree… Read more »
bullwhip29
Guest
bullwhip29
paulb
Member
Trusted Member

New
125
Price Change
67
Sold
160

This week

New
909
Price Change
244
Sold
689

http://www.clivestevepaul.com

Just me
Guest
Just me

Douglas Todd: A defence of coalition governments – in B.C. and beyond

http://vancouversun.com/opinion/columnists/douglas-todd-coalition-governments-common-and-for-the-most-part-stable

A balanced perspective comes from Philip Resnick, the University of B.C.’s noted political scientist emeritus.

The strengths of coalition government, Resnick says, are “a parliamentary system that better reflects the wishes of the electorate. … They clip the tendency to elective dictatorship, where the PM or premier with a parliamentary majority has a pretty free hand during his/her term.” Coalitions, Resnick says, force politicians to pay closer attention to public opinion between elections.

I am voting for proportional representation.

Sketchy
Guest
Sketchy

Trying to divert attention away from RE for awhile and make it look like you’re actually interested in “something new”? Nice try, you realtor/developer lying piece of shit. i suggest you vote yourself out of existence you lying piece of crap…you tried to pull the wool over everyone’s eyes with that Zolo “median price” bizz the other day, so who gives a rat’s ass what YOU think of proportional representation or anything else. Asshole.

Just me
Guest
Just me

From the comment Section of the VanSun article:

Michael Shih Professor at University of Windsor
Of course, foreign ownership must be limited. How can the locals, who are lucky to earn $100,000 a year, compete with the foreign tycoons, who make millions a year through sometimes illegal means? The local politicans and developers who espouses unlimited foreign ownership are more concerned about protecting their wealth and perqs than about helping the aveage citizen.

It is silly to attribute every attempt to keep housing prices from spiralling out of conrol to racism. If it were the Americans who are buying up all the houses and depriving the locals of home ownership, citizens groups would also call them out and call for a ban of foreign owernship.

Sketchy
Guest
Sketchy

Nice try, asshole, Again’ have a look at My Realty Check and see all the price drops from yesterday alone. Looks like your “foreign tycoons” have left the building. Duh. And fuck off while you’re at it, you paid shill.

Super Oracle
Guest
Super Oracle

Ban this idiot.

Super Oracle
Guest
Super Oracle

This is why your kind are increasingly being shunned in Canada. Do you represent all Chinese with this kind of behaviour?

YVR
Guest
YVR

“foreign ownership must be limited. How can the locals, who are lucky to earn $100,000 a year, compete with the foreign tycoons”

But these newcomers strengthen our Provence. Just ask Carol James. Who is going to eat all our insects without these wonderful newcomers?

David
Guest
David

Why I don’t read this blog anymore: it has been ruined by the same jackasses that ruined Real Estate Talks. I believe these people or possibly just 1 retard with many accounts and an IP changer are either paid or have a vested interest to spread misinformation about the real estate market.

Sketchy
Guest
Sketchy

Yep. Just like that asshole called “Just Me”. Duh.

Abdul Lahazi
Guest
Abdul Lahazi

I’m out of here until this gets cleaned up.

Best place on meth
Member
Best place on meth

You’re going to let the vermin win?

That’s exactly what they want, to poison the blog and kill it.

Best place on meth
Member
Best place on meth

NZ Housing Minister Phil Twyford hopes the ban on foreign investors buying existing homes will be in place around February.

The minister said he is not worried about plans by a large Chinese real estate website Juwai, for a month-long promotion in December to target potential buyers ahead of the ban.

With more than two million Chinese-speaking users, Juwai acts as a bridge between sellers and foreign buyers.

Its head of Australia and New Zealand Jane Lu said the impending policy change would lead to an increase in interest in the next month or so.

https://www.msn.com/en-nz/money/homeandproperty/twyford-not-worried-about-chinese-real-estate-promo/ar-BBF43J5

Best place on meth
Member
Best place on meth

Analysis shows oversupply of housing in Australia
FOR years, we have been told that rising property prices are linked to one thing. But it turns out we have the whole thing wrong.

The results suggest quite a lot of properties must be vacant and could be owned by investors, particularly foreign investors.
“We’ve found that we’ve built more than what population growth would require,” Professor Phillips said.

http://www.news.com.au/finance/money/investing/analysis-shows-oversupply-of-housing-in-australia/news-story/e9a31d426df5d782ebe1245fec5e38ad

Sounds familiar. There seems to be a common denominator between rising prices and housing “shortages” in Vancouver, Australia and NZ, but I can’t quite put my finger on what it is.

Just me
Guest
Just me

Well, it is a riddle, isn’t it?
It’s really hard to figure out what is happening in all real estate markets of the Pacific basin…..

YVR
Guest
YVR

Does Australia have insect eating newcomers? I thought they had snakes and reptiles to take care of that.

Sketchy
Guest
Sketchy

“They” are gone now, you shithead shyster.

Just me
Guest
Just me

A few re-posts. Oldies but goodies. Enjoy.

1 in 4 Vancouver Westside home sales appear to be flips.
https://thinkpol.ca/2017/11/21/1-in-4-vancouver-westside-home-sales-appear-to-be-flips/

More than 1 in 3 Yaletown condo sales appear to be flips.
https://thinkpol.ca/2017/11/23/more-than-1-in-3-yaletown-condo-sales-appear-to-be-flips/

Thinkpol is doing really good (pro-bono) work. Support them if you can. Every little helps.

Just me
Guest
Just me

And here are the threats being made to thinkpol for asking all the right questions.

Vancouver real estate board threatens ThinkPol with lawsuit to protect foreign buyer privacy.
https://thinkpol.ca/2017/11/15/vancouver-real-estate-board-threatens-thinkpol-with-lawsuit-to-protect-foreign-buyer-privacy/

Sketchy
Guest
Sketchy

Just gotta spook those locals. Nice try, asshole.

Best place on meth
Member
Best place on meth

Has anyone been wondering why inventory this month has been flat, instead of declining like it usually does this time of year?

With 4 days to go, we’re on pace for a record high number of listings for any November, and not just by a little bit.

With the average being around 3000 and the previous record at 3650, this month is currently at 3500 and on pace for 4300.

Sales on the other hand have been pretty average.

Sketchy
Guest
Sketchy

Prices are tanking, you shithead.

Just me
Guest
Just me

In a strange way, I am kind of enjoy being voted down by these liars and cheats.
I will take it as a badge of honor: if they downvote me so much, I must be doing something right!
I guess I will keep on posting articles document the slow, steady decline of Vancouver as it gets sold to the highest foreign bidder…..

Sketchy
Guest
Sketchy

You’re the liar and cheat, you dirty paid shill. Fuck off; people are sick of assholes like you. Hire your own helicopter with your imaginary Chinese investor friends and jump out of it over White Rock. Without a parachute, that is. Asshole!

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

a$$crotchy ..

We catch yer drift.Then look forward/backward/sideways/ to next quantum leap of Leftie cult bullsh$ite

That $tated……a$$ume the VI$ION po$ition………. and get Glegol Loberston err Mile$

Just me
Guest
Just me

Hey, crotchy….how is your Saturday night with mum going?

Just me
Guest
Just me

Funny. You call other cheats while rigging the voting system to log tens of fake downvotes. Isn’t that cheating?

history
Guest
history

‘the wealth of the top one-tenth of 1% of the population is about equal to that of the bottom 90% of the population, which is the same sort of wealth gap that existed during the 1935-40 period.’

http://www.valuewalk.com/2017/10/dalio-biggest-economic-social-political-issue-two-economies-top-40-bottom-60/

It’s well known how Henry Ford locked himself away in his mansion, as the diwntrodden shuffled by his driveway. rattling the locked gates.

JM for mayor!

history
Guest
history

(The economy has) been divaricated into the ‘squeezed 60%’ and the asset-holding, and enriched 40% (as Ray Dalio describes it). Last month Dalio, the billionaire founder of top hedge fund, Bridgewater Associates, posted a new article, “The Two Economies: The Top 40% and the Bottom 60%”. He believes it is a serious mistake to think you can analyze or understand “the” economy because we now have two of them. The wealth and income levels are so skewed between top and bottom that “average” indicators no longer reflect the average person’s experience or living conditions

https://www.theautomaticearth.com/2017/11/the-end-of-dreams-and-the-saving-of-appearances/

JM’s Twin for mayor too!

Just me
Guest
Just me

Cash cops in China bust bank
By SUI-LEE WEE THE NEW YORK TIMES

http://www.nwaonline.com/news/2017/nov/25/cash-cops-in-china-bust-bank-20171125/

The discovery of the underground bank in Shaoguan, in the southern province of Guangdong, demonstrates the furtive lengths that Chinese citizens go to in order to skirt government limits and get more of their money out of the country.

The sums involved are enormous, large enough not only to affect China’s economy but also to resonate around the world. Two years ago, a loss of confidence in China’s outlook led many of its people to send their money abroad — a flow that helped drive a $1 trillion drop in China’s stash of surplus foreign money. The exodus was enough to darken the country’s long-held image as a major global economic growth engine.

Sketchy
Guest
Sketchy

Yeah? And they’re all RUSHING over to buy here, eh? Fuck off you scammer.

Just me
Guest
Just me

Yup. Some of that vast mountain of money surely found a home in Vancouver. You bet.

Sketchy
Guest
Sketchy

Such an asshole. Really workin’ it overtime, aren’t you?

Sketchy
Guest
Sketchy

Bullshit. But, you’re right about ONE thing. The sums “are enormous” for the developers to off -load their shitbox condos in a correcting market. And, that’s where you come in. Fucking paid shill.

Just me
Guest
Just me

The article I posted above was originally published in the New York Times.
But go ahead and convince yourself it is not true. Perhaps you should let them know you think it is bullshit.

Just me
Guest
Just me

Inconvenient Truths About Migration.

https://www.project-syndicate.org/commentary/immigration-inconvenient-truths-by-robert-skidelsky-2017-11

Standard economic theory says that net inward migration, like free trade, benefits the native population after a lag. But recent research has poked large holes in that argument, while the social and political consequences of open national borders similarly suggest the appropriateness of immigration limits.

Sketchy
Guest
Sketchy

Ah, looking to suck up again, I see. Shithead.

oopswediditagain
Guest
oopswediditagain
Well, now this is interesting. I have somewhat avoided this blog because it seemed to be overtaken with every conversation but real estate. I am amused that Sketchy has the time and inclination to try and turn this blog around. Nobody here, including Sketchy, has denied foreign buyer influence however, when that influence is exagerated to try and push local buyers even further into debt then it just becomes real estate marketing. There are way too many specuvestors in Vancouver (real estate agents, mortgage brokers, local investors) and they seem to have a lot of time on their hands to try and change the current sentiment of the market. Best Place on Meth does have a lot of valid concerns about foreign investors … but those are in the past. Hey buds, why don’t you wait until the OSFI legislation… Read more »
Drop
Guest
Drop

I know of someone who sold 1 of their Chinese factories for $700 million and is now investing in Vancouver real estate with that money. Focus is on Surrey. That alone would move the market.

Enjoy life in New Beijing.

Sketchy
Guest
Sketchy

Prove it, shithead. If he can get THAT kind of money out of China, he’s a real magician! Fuck off.

Drop
Guest
Drop

I am perfectly happy with you not believing me. The money will move the market it doesn’t matter if people believe it comes from China or stick their bitter heads on the sand and yell profanities like a street person.

Sketchy
Guest
Sketchy

You’re absolutely right; these same shitheads are pumping the market through the “fear factor” of foreign buyers. And THEY have all buggared off. Absolute scumbag, shilling; paid for by RE INTERESTS I have absolutely NO DOUBT! After all, why else would those same assholes spend so much time here?

specuskeptic
Member

While I’m skeptical they are getting paid directly, I have little doubt they have a vested interest in their positions on housing and that is enough to motivate their douchebaggery.

oopswediditagain
Guest
oopswediditagain

I’m a little less skeptical when I see these same promoters paying people to stand in line at condo sales centres, but you’re probably closer to the mark.

Sketchy
Guest
Sketchy

Hey! They paid morons to sit for hours on end at pre-sales and they have hired phony actors “pretending” to buy condos along with a helicopter ride full of fake Chinese investors…they’re hiring these guys on the CHEAP, no doubt. So, don’t put it past them. There is a lot of $$$$ to be made. They’ll do ANYTHING to dump all those massive condo inventories. Besides, if the Russians can hack Hilary Clinton and plant FAKE NEWS all over the internet during the US election then THIS is nothing in comparison. So, shithead shills like what’s his face are real.

Sketchy
Guest
Sketchy

BTW, anyone who gets sucked into buying a condo by these asshole shills on this site will be in for big losses when the market turns. Especially those asshole flippers. Those big developers will CRUSH you with their mega “blow-out sales”. You won’t stand a chance with all the discounts they’ll be coughing up. And they’ll STILL make huge fortunes off the dummies who buy even then.

Sketchy
Guest
Sketchy

Well, I see that FUCK FACE “Just me” and “Oracle” have decided to take a breather and plan their next “strategies”. Assholes.

Just me
Guest
Just me

Thanks for the expletives. I am still here and posting.

Sketchy
Guest
Sketchy

Well, I’m not surprised; cockroaches and rates are always with us, aren’t they?

Just me
Guest
Just me

Funny you say that. By the frequency of your posts, shall we assume you are a cockroach or a rat?

Bag it and tag it
Member
Bag it and tag it

@Pope/Admin…can we please get a ban on Sketchy ASAP…this is ridiculous.

Best place on meth
Member
Best place on meth

Since beating the piece of shit to death is not an option, this would be the next best thing.

Sketchy
Guest
Sketchy

Look who’s talking you racist piece of crap.

Shut It Down Already
Guest
Shut It Down Already

Yes, banning others whilst letting the racists proudly continue to throw their faeces from their cages would really set the tone of this place.

Best place on meth
Member
Best place on meth

Figures you’d defend this worthless scumbag, being a worthless scumbag yourself.

What a pair of useless eaters.

Shut It Down Already
Guest
Shut It Down Already

Cute, I just got called “worthless” by an unemployable racist twat.

Just me
Guest
Just me

I don’t know,if you personally worthless. But your comments certainly are.

Best place on meth
Member
Best place on meth

HAM deniers are always worthless.

AIDS and scratchy are the scum of the earth.

So is garth.

Just me
Guest
Just me

If you don’t like, you can leave.

Best place on meth
Member
Best place on meth

Who thinks scratchy is space’s newest character?

He’s definitely mentally ill enough to do this.

Just me
Guest
Just me

I actually think he really believes in the nonsense he writes.
He does not realize how stupid it looks from the outside.
The guy is convinced to be right, for reasons unknown.
Such a character: he must spend hours voting down others.

Sketchy
Guest
Sketchy

Nope. Just you.

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

$crotchy ?

Bye Bye….err Flush flush

….go find another site to vent your spastic sphincter in which your hollow head is permanently planted .

Just me
Guest
Just me

Fresh off Bloomberg.

*Hong Kong’s House Prices Could Soar Another 10% Next Year

Hong Kong’s red-hot housing market shows no signs of cooling anytime soon. Prices in the city have climbed 11 percent this year, defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and mortgage curbs. If anything, the frenzy has intensified in recent months as investors have poured money into property. Buyers have set new records for everything from luxury homes in the exclusive Peak neighborhood to undeveloped residential land. There have also been blockbuster deals for commercial property in the heart of Hong Kong’s central district. – Bloomberg News

Sketchy
Guest
Sketchy

Yeah? So?

Just me
Guest
Just me

Power to the renter: Vancouver Tenants Union hopes to put rep in every building
Dozens of renters gathered in Vancouver on Sunday to voice their concerns and find strategies for more secure and affordable housing.
They were at the first annual convention for the Vancouver Tenants Union at the Russian Hall.

http://www.cbc.ca/news/canada/british-columbia/what-will-happen-to-me-vancouver-tenants-gather-at-union-convention-1.4420669

bullwhip29
Guest
bullwhip29

Foreign students allege abuse of P.E.I. business immigration system
https://www.ctvnews.ca/business/foreign-students-allege-abuse-of-p-e-i-business-immigration-system-1.3694544

>>> scamming the scammers cont’d…

Sketchy
Guest
Sketchy

Ha ha! You’re one to talk. You don’t know SQUAT about what is really going on out there.. You must get all your Fake News from Super Oracle, The Van Sun and Global. etc. Good luck with that!

Sketchy
Guest
Sketchy

Ha ha! Taking the “high road” now/ New angle, I see. Fuck yourself.

Super Oracle
Guest
Super Oracle

Don’t worry arguing with this guy. Guess what country he is from?

Best place on meth
Member
Best place on meth

Buyers are trying to beat the stress test only 5 weeks away.

This may be the first year ever that we see a surge of sales at Christmas.

Sketchy
Guest
Sketchy

Bullshit. As usual.

Sketchy
Guest
Sketchy

BS. Sales are off and so are prices, you moron.

Sketchy
Guest
Sketchy

Fuck off. Quit trying to LOOK like you’re concerned for “both sides”.

Sketchy
Guest
Sketchy

Go to BOTH Zolo and My Realty Check, shithead.

Sketchy
Guest
Sketchy

That’s because you are. Asshole.

Sketchy
Guest
Sketchy

What would YOU know about anything you piece of crap.

Just me
Guest
Just me

I am actually trying to see how long he can go writing expletives. Butat some point even this will get boring.

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