It’s Friday! Are you feeling free?
It time for our regular end of the week news round up and open topic discussion thread for the weekend.
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments section of and have a superb weekend!
No criminal charge for fatal crash driver
Michael Wing Sing Fan will only answer to minor offence after death of cyclist Brad Dean in Richmond
http://www.richmond-news.com/news/no-criminal-charge-for-fatal-crash-driver-1.23086258
>>> LOL…maximum penalty is a $2,000 or six months in prison
There is no real justice in Canada for any crimes. We have slap-on-the-wrist sentencing.
Vancouver warns homeowners to fill in forms on empty homes tax or risk fine:
>>> getting tough with homeowners …
proving home was NOT occupied (at least on paper) for the minimum 6 months will be next to impossible
West Kelowna residents say local landlord is the ‘problem’ after naked fruit picker attack
The building owner’s daughter, Harprat Gidda, admits there are people living in the building year-round other than farm workers, and insists it’s perfectly legal.
>>> Another problem landlord / slumlord. And notice their name… another immigrant causing problems for Real Canadians.
The white man has so many sins to atone for,
….we must turn a blind eye to many things as a form of reparation.
Actually, my understanding is that the farmer is subject to sections of the ALR Act..which allows construction on ALR land of housing for farm workers( ie many of them are foreign migrants who require cheap housing)
IMHO, they are breaking the law,, as its quite clear who may reside there ie farm workers. This time of year, there is NO work as the crops have been harvested, so highly unlikely the current residents are farm workers
Sick of these scammers and their excuses.
They’re Indians it’s in their culture to scam and exploit people. You need to start thinking in a more cultural relativistic way. Also, check your white privilege.
I know…I didn’t want to sound “too racist”.
This is why Metro Vancouver is simply a 3rd world shithole….they bring their culture and all the baggage that goes with it.
One of China’s “most-wanted” overseas fugitives, a manager in a real estate company sought on charges of corruption and bribery, turned himself in on Tuesday after fleeing to Canada seven years ago
https://www.theglobeandmail.com/news/world/chinese-most-wanted-fugitive-returns-seven-years-after-fleeing-to-canada/article36858953
Just another cockroach … one of many.
I bet the CCP threatened his family. That’s the only reason why these dirtbags usually turn themselves in. I hope they execute him, then there would be one less sack of human garbage wandering around Canada.
Pari dise Papers show you are living in an Oligoarchy.
News just to keep sheep occupied while world heads towards NWO where those with money will keep it and those at bottom will never have upward mobility.
NWO? Sounds like the old world order to me.
Oracle, your comments are substantiated by no less an authority than Joseph Stiglitz, Nobel Laureate in Economics and former chief economist of the World Bank. If anyone is interested in learning more about the advance of inequality and the decline of economic/social mobility, etc, I would recommend his very readable book “The Price of Inequality” – published in 2012, but even more relevant today.
“Here’s how Canadians could walk away from their homes if house prices fall”
Opinion: When the U.S. housing market crashed many Americans simply abandoned their mortgages. Think that couldn’t happen here? Guess again.
Scott Terrio – November 6, 2017
:-O
So basically those that already bought have nothing to worry about.
Insolvency in Canada is the invisible Debt Prison.
The lender takes a hit, but the real purpose is to keep the Scam Canadians from Bankruptcy abuse, which was happening repeatedly, especially among Boomers.
Insolvency is a way to keep the System running to keep you in bondage.
…. you Keep your house, and the goo throws Free Shit at you..
Like
FLOW THRU WELFARE program.. immigrants and student supply for targetted house owning idiots.
HOG program, so you dont need to pay prop taxes.
And
Tax deferrals.
There will be no American style crash, it will more likely be the opposite. If you dont have Debt in Canada you are Severally Punished by the pig borrower controllers,
soooo….
GET OFF MY LAWN of I Will Kill You
Yeah the argument it’s different in Canada because we’re full recourse is a bold-faced lie. Florida and Nevada are full-recourse and it didn’t save them from the collapse one bit. Also, Alberta is non-recourse… so there’s that… Real estate is so important to our economy, people will walk away from their houses and the labor force at the same time. Think about all the bankers, real estate agents, and construction workers that will have little to no employability. If you have no income and no assets, the bank has no way to go after you.
“Why the Fed is likely to raise interest rates faster than you think”, South China Morning Post
Mother of murdered West Vancouver millionaire sues victim’s estate
http://vancouversun.com/news/local-news/mother-of-murdered-millionaire-sues-victims-estate
>>> the story that just keeps on giving…
This is news????
I thought this was normal “law of the jungle” business practice for foreign locusts.
Simply go the local City Hall…cry about ancestors being discriminated against….rubber- stamp “free rein” blank cheque permit.
NOTE: Make sure body parts recycled in appropriate green container or City may refuse Pick Up
Ohhhh, they had a “verbal” agreement, says the mother locust.
And then their are the baby locusts, trained to lie from an early age:
“A number of other civil suits have been filed in connection with the estate, including claims from five children ranging in age from three years old to eight or nine years old who say that Yuan was their father and that they are entitled to part of the estate.”
All of them can go to hell.
I think I loaned this guy 10 million dollars and he might be my father too. I’ll get in line …
City of Vancouver rejects proposed Chinatown condo at 105 Keefer Street
http://www.cbc.ca/news/canada/british-columbia/105-keefer-chinatown-tower-beedie-decision-1.4390486
>>> i am presuming that once chinatown is designated as heritage many 100’s of millions in restoration funding will be sought
No…actually they are going to expand Chinatown designation to most of Lower Mainland.
no that would be bearish for RE prices. chinatown issue is a what’s yours is now mine and what was ours will always remain that way (until the end of time). as far as all other heritage sites and locales, well they are fair game for demolition
New
264
Price Change
63
Sold
152
TI:9466
Kind hoping that stupid bitch Queen Elizabeth does time for that tax shelter scam she is a part of…..
Do a few years of hard time ..see her doing push ups and being the b*tch of some d*ke
So I attended the support temporary housing solution in Marpole this morning so homeless individuals will NOT freeze to death this winter. The protesters are out in full force and they are the usual suspects. However, they did got crafty by hiring the token white guy as one of their spoke person for media interviews. But old habits die hard. Any time the cameras pans toward them, they immediately hide their faces behind the signs, ashamed that in their hearts, this is about one thing and one thing only – property prices. Always scurrying away like rats when journalists try to talk to them.
This City is in such a mess. Good thing the NDP are working on a plan though.
Working on a plan? They have already ordered the shipping containers. Problem solved.
Glorious NDP leaders aim is to convince loyal followers 200 sq. ft or less is suitable housing…insubordinates requesting anymore will impact Gay Grizzly Bears, Cis -spotted owls and ozone layer..give or take concurrently.
As more foreign locusts continue to colonize Metro Vancouver…and their median height is approx 50% of standard container height, Vision can pack 100% more rickshaw drivers into container and have Jenny Kwan and Kevin Spacey attend ribbon cutting ceremony.
whatever. should things continue to remain testy, these will be sold back to seaspan or some other friendly party for 2 cents on the dollar
The BID took another humongous drop today
https://finviz.com/quote.ashx?t=Bid
Gonna “Snap Up” Sotheby on the Dip?
Homelessness soars on West Coast as cities struggle to cope:
http://komonews.com/news/local/homelessness-soars-on-west-coast-as-cities-struggle-to-cope
SEATTLE (AP) – Housing prices are soaring here thanks to the tech industry, but the boom comes with a consequence: A surge in homelessness marked by 400 unauthorized tent camps in parks, under bridges, on freeway medians and along busy sidewalks. The liberal city is trying to figure out what to do.
“I’ve got economically zero unemployment in my city, and I’ve got thousands of homeless people that actually are working and just can’t afford housing,” said Seattle City Councilman Mike O’Brien. “There’s nowhere for these folks to move to.”
>>>> this is what happens when central banks suppress interest rates for too long; there is this imbalance in the economy where there is full employment (good) but housing prices are too high for those working to afford (bad).
We need the slaves serving the elites, but not breeding
The best solution is to punish people using the housing market as a wealth extraction device. People buying property primarily for investment purposes are the problem. North America is full to the brim with flippers, scalpers, and other dirtbags. They are well represented in the real estate market and should have been stopped decades ago.
Any of them have a fire going in the backyard tonight? Im cold and could use some warmth.
I bet Horgan’s back yard is pretty nice. Just tell him you got sick of how long it was taking for NDP action on the housing crisis and decided not to wait anymore. You’ll have to start your own campfire though. Maybe he’s got some extra wood patio furniture you could break down into kindling.
Im actually terrified of interacting with property owners. I wandered onto a guys property last winter and nearly lost my life. People have become schizoid dystopians.
“Policymakers must change tack to avert the next financial crisis”, South China Morning Post
“‘There is bound to be major collateral damage as the global cost of borrowing rises and the flow of cheap money goes into reverse’”
There will be no averting the next financial crisis. The time for averting it was almost 2 decades ago before central banks started slashing interest rates. The central banks are now painted into a corner, and any action they take will trigger a massive recession.
the only “solution” is continued money printing and currency debasement until we get full on hyperinflation. the trick all along has been to supress their real intentions for fear of letting the cat out of the bag to the public. who here still believes that there has been no inflation over the last decade?
I don’t think we’ll ever hit hyperinflation unless the BoC’s mandate is expanded to actual money printing. Like…. firing it out of a cannon. They’ve already made interest rates about as rock bottom as they’re going to get, and there is no sign of high aggregate inflation anywhere. If anything stocks and housing are ready to enter a deflationary spiral. Deflation is the real risk here, and central bankers hate it because they are nearly powerless to deflationary forces.
Via Thinkpol:
I see the Social Justice Warriors , via VISTRO , are going after AirBnB rentals, to a degree many are cancelling the listings.
While I have issues with AirBnB, these SJW’s tend to be a rather lathered up bunch that can play judge ,jury and executioner as opposed to letting Gov’t deal with the issue.
Sounds like a lot of people on this blog.
Indeed. How many times has the CRA tip line been mentioned here out of nothing but spite?
That’s what the CRA is indeed counting on.
The CRA fraud department seems so critically underfunded; I bet the snitch email address gets auto-filtered to the trash anyways.
What are you going to claim next? That the Panama and the Paradise papers have also been published out of spite for the rich?
Shall we just condone illegality and evasion?
You make less and less sense…….
It’s always the ‘new normal’… until it isn’t;
“The Age of Easy Money Is Nearly Over”, Bloomberg
https://www.bloomberg.com/news/articles/2017-11-02/the-age-of-easy-money-is-nearly-over
“After a decade of flooding economies with money, key central banks next year will finally start turning off the tap. Since the financial crisis, they’ve kept interest rates near zero and some have bought trillions of dollars in government and corporate bonds. ”
“The U.S. Federal Reserve made the first move in October when it started allowing a portion of bonds on its $4.5 trillion balance sheet to mature without replacing them. The European Central Bank is still buying government and corporate bonds, though it recently delineated a plan for tapering off those purchases starting in January. China’s policymakers are expected to tamp down on credit growth next year”
The Hard Money
A novel by Casper, the ghost
A story from 2015, but extremely relevant: http://www.businessinsider.com/chart-5000-years-of-interest-rates-2015-9
again, a disproportionate number of Cdns mentioned in what is referred to as the “Paradise Paper” are from BC
https://www.thestar.com/news/paradise-papers/2017/11/06/blue-chip-law-firm-appleby-had-strong-canadian-ties-leaked-documents-show.html
‘Paradise Paper sounds like Heloc Mortgage, but sweeter, innocent, yet hedonistic, spacey.
Canada is a Big Time feminist nation… you have the Most Accomplished asset strippers born here, educated, divorced and with the house. and it couldnt of happened without their investation into the Entitled workforce,
So it’s a natural fit that Canadian momey laundering stink all over Caribbean beaches
Of course there is. Canadians are some of the most overtaxed people on the planet. The sad part is a lot of these tax loopholes aren’t even illegal. The government needs to do a better job closing these loopholes so it’s fair for everyone.
and this is a true story… I just returned from the newly reno’d steve nash fitness world located near the richmond oval. for starters, all the stores, cafes and other retail (shoppers, t&t etc) use one interconnected underground parking lot which services several new condo towers. given that the gym was pretty much empty and none of the stores were yet open for business, i found it odd that the parking lot was already filled to the brim with what i presume are overnight “guests” and other misc riff raff who shouldnt be there. secondly, while doing my workout on standard weight machines, I had a young asian male trainer approach me and tell me in broken english to quiet down as the residents and other tenants of the building don’t like the banging and thumping noises that emanate from… Read more »
A clusterfuck, we’ll see much more fuck-ups across the city as weird “culture” and ways of locust’s living are becoming a mainstream.
Are you on a scouting mission checking out Richmond? Are you a fan of Luke Magnotta?
What on earth was the point of that rambling mess?
You can’t figure it out? It needs to be explained to you?
The only thing I can figure out is that bullwhip29 must be dropping weights or allowing machine weights to just drop when he’s done, which is universally considered bad manners in all gyms in the Lower Mainland regardless of location or race of clientele.
Secondly he’s trying to insinuate something about the trainer and/or the club. I’ve seen the people that use that club, and spoken to some of the trainers and most are locals and many are not even Asian. Are we now going to start blaming Asians who grind a day job but have bad accents for the real estate crisis?
Ah yes the transient peoples of mainland China. They’re here for the hot real estate, cheap education, and not much else. Don’t expect them to stick around once Vancouver sinks back into the economic crater it came from. Remember that locusts move on once they’ve eaten everything.
Unsurprisingly, a new study of the 50 most populous cities in North America has found that Vancouver has the most unaffordable housing market
http://vancouversun.com/news/local-news/report-calls-vancouver-most-unaffordable-real-estate-market-in-north-america
>>> cue the golf claps and self congratulatory msm puff pieces surely to be aired round the clock, every few minutes over the next several weeks
What happens when people can’t afford to work in Vancouver?
http://www.westerninvestor.com/news/opinion/what-happens-when-people-can-t-afford-to-work-in-vancouver-1.23085126
What do people who can’t afford to work in Manhattan do?
The workers in manhattan take the subway from the ‘burbs
In Vcr it’s a bit different, workers live in their vehicles
vancouver is simply turning into whistler on a grander scale. shadow flipping is possibly a hobby for some in NY. here it is the only game in town
See Amazon made a big mistake expanding in BC…can’t find enough workers.
Overview= Vancouver will simply hollow out and become a ghost town.
Vancouver housing market likely to cool, prices won’t decrease just yet: says realtor Steve Saretsky
And if you look at things like the detached market in cities like Surrey, he says it’s a good indicator of what’s to come. “Another realtor I thought summed it up pretty well and called it a ‘slow drip’, where if you actually look at that market I mean it’s slowly correcting and the thing is most people don’t see it.”
Good gawd. Saretsky just doesn’t want NDP action brought in. If you say market slowing down on its own, give NDP excuse not to bring in housing measures.
Reality: sub 1 million market on fire in Valley.
But the brilliant bears have been seeing it! In fact, they foresee this 10 years ago and no one believed them! Now they will pay the prices!! Wohahahahaha…
BC’s number one city to invest in? The answer might surprise you:
http://www.news1130.com/2017/11/05/bc-number-one-city-invest/
So says REIN:
Don Campbell is a senior analyst with the Real Estate Investment Network, which prepared the report.
They have a “report” prepared by a “senior analyst” LOL.
all msm news is paid for informercial pumping whatever the project of the day happens to be and/or courtesy of whatever RE developer, lender etc that is sponsoring the program. why is this is legal is beyond me.
Freedom of expression.
At least their members put their $$$ where their mouth is and actually invest. Unlike the smart ass bears on this blog who seems to get more desperate every year, as financial security and home ownership dream slip ever farther away from their grasp.
Greater Montreal homes sold quicker in October as prices rose seven per cent
Prices up as the locusts move in …
As the City of Vancouver apologizes for not giving Chinese people jobs over 70 years ago, right now the Democrats will not employ certain races and genders. Guess which one?
DNC’s Data Service Manager Madeleine Leader purportedly wrote in an email that the desire for diversity excludes “cisgender straight white males.” Leader adds, “I personally would prefer that you not forward to cisgender straight white males, as they are already in the majority.” Cisgender is a term for people whose gender identity matches the sex that they were assigned to at birth.
http://www.foxnews.com/politics/2017/11/01/dnc-white-men-shouldnt-apply-for-tech-jobs.html
Are they nuts? Is this even legal?
The left now encourages and applauds discrimination against white males. They are usually more subtle about it (affirmative action) but now it is pretty much main stream. I don’t understand how the left can do exactly what was done to minorities 100 years ago and somehow think it is the right thing to do now to white males. Hypocrisy at it best.
Simple: Ages old strategy Follow the pattern….its an attack on those with European”white” genes, culture etc. Lets call “a spade a spade” ( no pun intended )..what other defineable group has created so many advances in various fields? However, the cultural marxists agenda is NWO,…..One World Government…aka Communism. Jobs are outsourced to China etc. Western countries are continually infiltrated by coloured immigrants. Now we move onto Feminist movement and Gay Rights. FYI Gloria Steinem was a CIA agent. Feminist movements goal was to break down the family unit ..certainly succeeded with divorce rates of 50+ %…and we see less white children born, if not aborted. Thus the Cultural Marxists can increase immigration from non white coutries, as they have created a rift between white males and white females The Gay Lobby? The Psychiatric profession had deemed homosexuality a mental illness… Read more »
If 10 years ago this blog, and this city, had embarked on a serious discussion of globalization, you would not be posting on here today.
Totally illegal. Whether or not someone tries to sue them for discrimination is another matter. I think they’d have a pretty solid case, unless the judge is a moronic SJW as well…