Friday Free-for-all! December 8th 2017

It’s that time of the week again…

Friday Free-for-all time! 

So 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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Oracle
Guest
Oracle

Site C decision imminent…All other numerous election platform promises basically broken…as planned.

Last item in “to do” list left in NDP playbook is to purposely screw up the referendum. They have 10 months.

Don’t be surprised. I’ve warned you.

Oracle
Guest
Oracle

http://www.news1130.com/2017/12/08/bc-electoral-reform-doomed/

Wow, articles are already starting. If the sheep can’t see this was going to happen after the housing flip flop, then they deserve to be confused.

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

Does the NDP consider smoke blown up the ass as a greenhouse gas ?

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

My prediction is Site C is a GO…the indicators are they have waffled this long…VERSUS a more decisive “NO”.

NDP hostage- taker Andrew Weaver has already said he won’t take the Gov’t down on this issue, which could be interpreted as he knows what the NDP will do(Site C goes ahead) and is covering his Green ass….as he further indicates what we all suspect…he doesn’t want the Greens perceived as the hostage takes that they actually are.

Finally, I suspect the BC Liberals front- end loaded Site C with a moebius of contract language so that no Gov’t would or could stop it…..but those details are kept under various confidentiality laws etc.

Oracle
Guest
Oracle

Bingo!

Doomcouver
Guest
Doomcouver
It sounds like if they cancelled it right now, the taxpayer would be out $6 billion and would have nothing to show for it. If they finish it, it could cost upwards of $12 billion or more when there are inevitable budget overruns. It’s a quagmire, and I’m not surprised it’s taking a while to make a decision. Neither outcome is great. You either end up cancelling it and get blamed for wasting $6 billion, or you complete it, and it’s a worthless asset that you end up not needing in the future. I personally favor the cancellation route, but I can see the logical arguments on both sides. What’s driving this is the forecast for much higher energy needs in the province than we have now. Forecasting our future energy needs is based on our current population growth, which… Read more »
Doomcouver
Guest
Doomcouver

Oracle, just because Horgan must have ran over your dog doesn’t mean everything he does is bad.

Best place on meth
Member
Best place on meth

You don’t want to know what he did to YVR’s dog.

YVR
Guest
YVR

I wouldn’t let me dog go near Horgan. If I did Horgan would be in the hospital. My dog doesn’t like scumbags.

Best place on meth
Member
Best place on meth

When did he run away from home?

Doomcouver
Guest
Doomcouver

Probably the moment he discovered his owner was going to be YVR.

YVR
Guest
YVR

Horgan is one of those people who holds food out in front of a dogs nose then snatches it away. Just like he did to you with his election promises. Dogs figure out who these losers are pretty quick. You still haven’t figured it out like a dog would have. You keep on doing the tricks but are still getting no food. It is hilarious to watch. A dog would have ignored him long ago.

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

Re Horgan……jury is out if he’s simply manouvering for a gig with evil capitalist Jimmy Pattison ( ………as Jimmy has a habit of hiring rejected NDP premiers ie Dave Barrett and Glen Clark=probably so they won’t create any more damage)

I submit Horgan took notes from past NDP gov’t mistakes ( redundant) and wants to be very centrist and politically teflon-esque.

The only people that seem to be in quasi- revolt stage is NDP supporters. Do they have a case? perhaps as they want Horgan’s promises enacted yesterday…but it this historical catering to the NDP mob that ultimately has the electorate kicking the NDP back to their traditional opposition role.

Horgan perhaps realizes this, and wants to re-invent the NDP..even ….God forbid….. drawing votes from Liberal supporters?

bullwhip29
Guest
bullwhip29

Airbnb warns federal government about overregulation
http://www.cbc.ca/news/politics/federal-government-airbnb-1.4431411

Doomcouver
Guest
Doomcouver

Haha, what’s next? “Money launderers warn David Eby about over-regulation”.

Just me
Guest
Just me

AirBnB has an army of PR people trying to make it look what it is not.

They are a big corporation covering up for professional landlords.

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

I agree….I still can’t fathom why AirBnB is allowed….it competes directly with a traditional commercial Inns, Hotels etc. who have gone through the proper hoops to exist.

What other facets of the economy will have competition from the average homeowner?

Maybe Liposuction? Strip Clubs? Shoe stores ? Funeral Homes ?

Regardless, watch for CRA to engage in much spying.
Hosting AirBnB has its liability ..either unreported income or will impact principal residence designation re capital gains.

Time to go
Guest
Time to go

Don’t know if this article from Oct was ever shared, but well worth a read and forward to your housing bull friends:

https://www.moneygeek.ca/weblog/2017/10/16/canadian-housing-market-bubble-interview-seth-daniels-jkd-capital/

“I have a table – I haven’t updated it in a while – but it’s basically all the things I looked at in the States, so I’m not cherry picking to make Canada look bad, it’s what I actually looked at in the States and I’m comparing Canada to that and, Canada is worse on every metric.”

DaMann
Member
DaMann

Fantastic read. Ominous.

history
Guest
history

But the article does not talk acknowledge Welfare for Financial Fraudsters has bern successfully implimented and Stress Test Certified by media, government and banker swine. Canada financialization pork is of a cut and tenderloin unmatched on the planet. Sorry, article is a fail.

Doomcouver
Guest
Doomcouver

You’re friends with housing bulls? I guess you’re entitled to associate with whoever you like….. I stopped talking to one of my friends because he now owns 4 homes in Vancouver, and basically has no other investments. I have nothing in common with those people.

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

A good interview…really lays it out.
The bubble burst is WHEN..not ” IF “.

The US bubble was more a function of internal dynamics…such a Fed policies that literally demanded banks loan (home mortgages)to high risk groups aka minorities.

Canada? has tied its fate to offshore funds which is an even greater wild card as they created the RE price momentum.
Thus, who blinks first….. the offshore funds ???? or last domestic sucker trying to compete buying an overpriced condo in Surrey ?

Oracle
Guest
Oracle

Problem is the renters of today will be the ones paying for it after the bubble bursts.

Lost...but not Leased
Guest
Lost...but not Leased
How ? A good quote I heard is that the longer we have stability, the greater chance of INstability. If ownership tanks…renters should have a field day as supply outstrips demand. Analogy would be say Wildfires….they are natural as a means to periodically clean out forest floor as decay can’t keep up with accumulation. Man has suppressed wildfires..but simply kicked the can down the road and delayed the inevitable to the point these wildfires are orders of magnitude in severity as we saw in BC this summer .aka Ultimately Man cannot stop natural forces…and often they extrapolate to human nature. A recent CBC interview with a wild- fire expert who stated that forest fires are part of a bigger natural plan, as some plant species rely on forest fires to assist in germination and growth. However, these recent wildfires are… Read more »
history
Guest
history

So if they are breaking all their promises.. works both ways.. Welfare for Financial Fraudsters may end. (formerly known as Welfare for Landlords)

Naaaa

squeak
Member
squeak
“Friday Free-for-all time! So what are you seeing out there? What do I see, what do I hear: More vans and housevans around. More skinny guys begging for money for food or begging for food at every traffic lights. Beggars outside the food stores. People walking around in food stores with very little in their baskets, looking at food. The other day I heard a young couple (definitely poor) saying, well we have spent 12 dollars so far.. Young men walking in town carrying very big back packs, look homeless. Heard on the radiothon (x mas thing) stating that “more than ever” they have more people in need. Oh Canada..When are you going to get real and stop all this band aid solution nonsense?? Oh dear, I forgot. You like corruption and non transparency. How silly of me.
Doomcouver
Guest
Doomcouver

You’d think with all these homeless people they’d demand more housing affordability. It’s like everyone just assumes modest houses are supposed to cost millions of dollars now and they’ve resigned themselves to living in a van. Recency bias is very strong in Canada that’s for sure. People won’t wake up until the whole house of cards falls down around them.

Just me
Guest
Just me

I share your surprise. In most other places there would have been a revolution already.
One can only think that there is still a sizable share of the population that thinks they can benefit from this disaster.

Displacement is occurring right under our eyes, and our political system seems unable to develop any effective countermeasure.

YVR
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YVR

“our political system seems unable to develop any effective countermeasure.”

Not unable. It is unwilling. You should have listened before voting NDP.

Doomcouver
Guest
Doomcouver

Yeah, because the Liberals were doing such a fantastic job of keeping housing affordable. Great argument there…

YVR
Guest
YVR

At least they implemented the foreign buyers tax. The NDP have done NOTHING. You must be embarrassed.

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

History has shown that if you can get 3% of the population motivated and involved, then you can get the required change.

That implies if say One Million people in Vancouver….need 30,000 dedicated parties. Is that realistic? not likely.What clouds the issue is poverty pimps,( many NDP) who play the middle.

Its hard to take many of these advocates seriously, like VISION’ s Gregor Robertson and his $1.5Million+ penthouse…they talk the talk… Should perhaps review the 2011 Stanley Cup riots….the situation was designed to happen, totally preventable, but served as an experiment on crowd manipulation and control for future reference.

Laibach
Member
Laibach

At the same time on those very same traffic lights, there are plenty of locust in their warm Cayennes and Beemers checking stores for their favorite warm parkas-uniforms from Canada Goose and carry those big bags from Holt Renfrew and L. Another young Tuhao couple (definitely not poor) waiting in their Panamera for lights to change at the Burrard St, a guy with that dull look at the intersection and she on the phone navigating (I assume because local cars don’t speak Mandarin or whatever but those females are always on the phone in the passenger seat, check it). Young women walking in town carrying very big Louis Vuitton bag looks loaded. And the life at the Best Place on Earth goes on…

Best place on meth
Member
Best place on meth

I’ve wondered why those locust bitches NEVER seem to be having a conversation with the male driver or even just looking at the scenery. It’s always the phone, every time.

They must be the most boring women on earth.

Combat roach
Guest
Combat roach

They all look like a long-haired Pekingese brushed out and ready for show. Expensive but useless decoration, I wouldn’t be surprised if they come as a upgrade package in exotic car dealerships.

https://en.m.wikipedia.org/wiki/Pekingese

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

Asian men are probably the most p*ssywhipped males on earth.

Diadora
Guest
Diadora

Globe: How B.C. became a gangster’s paradise
https://www.theglobeandmail.com/opinion/how-bc-became-a-gangsters-paradise/article37252702/
Are we not going to fire or jail anyone? not hold anyone responsible? business as usual! Maybe BC is really a corrupt money laundering capital of the world.

Boombust
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Boombust

It’s over and done with, Bub.

Doomcouver
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Doomcouver

It’s over right up until China gets their extradition treaty and we have so repatriate all the money for them. Hopefully the Canadian government gets a cut…

Boombust
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Boombust

Don’t hold your breath on that one.

Boombust
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Boombust

Hmm, I wonder what Sam Cooper and Ian Young will crusade about now?

Doomcouver
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Doomcouver

Trudeau loves China and you know it. When he gets burned by the Americans for NAFTA he’ll give the communist Chinese whatever they want, including extradition to ship back their graft suspects on the Canadian taxpayer’s dime.

Just me
Guest
Just me

Extradition to China would kill the Vancouver housing market. As simple as that.

YVR
Guest
YVR

Trudeau is just another example of what happens when dumb people like you vote. A year from now we can replace the name Trudeau with Horgan.

Just me
Guest
Just me

Harper was so much better, in his personal fight against scientific evidence.
Trudeau is bad. Harper was worse.

Best place on meth
Member
Best place on meth

Equally shitty.

Now that Turd reneged on electoral reform we’re going to be stuck with scumbags in Ottawa forever.

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

Justin Turdeau was recently quoted as claiming he admires communism/dictatorships..via the leaders can turn policy on a dime depending on the given situation…….

……a chip off the old Pierre Turdeau block give or take his whacko mothers genes.

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

Extradition? LOL
Hopefully people will wake up (?!?) to the truth that corruption is so deep it is either by design or out of control.One of them even admitted it recently

China is a corrupt country that has infested western nations with its “economic guerrilla” agents in a manner that cannot be stopped.

bullwhip29
Guest
bullwhip29

Marpole residents who are protesting the location of a temporary modular housing project on a site adjacent to schools are taking the city to court
https://globalnews.ca/news/3906080/marpole-court-action-homeless-housing/

Doomcouver
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Doomcouver

How dare they affect speculative housing prices. That’s just unfair.

Just me
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Just me

Disgusting, selfish residents. One can only hope the community at large will shame them as they deserve. They cover their true motives by resorting to schools.

The real reason they are angry is the perceived loss of value of their recently acquired (and overpriced) homes.

Shame on the bunch of them.

YVR
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YVR

As disgusting as these particular “protesters” are, they will win this court battle. The City did not follow the rezoning rules and deserves to have this shutdown.

Doomcouver
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Doomcouver

I think they should rezone all these protestor’s McMansions as a landfill. There’s human garbage living there already.

YVR
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YVR

The problem is they didn;t rezone for this housing. That is why they are going to court. This is just another failed NDP initiative. They can’t even put in 78 shipping container homes. What a bunch of flunkies.

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

ACTUALLY…..COV has rules that exempt them from normal zoning rules…they can plunk these housing containers literally anywhere they choose.

YVR
Guest
YVR

Yes but the rules are for temporary structures. These rules are designed to you can put in things like a site office at a construction site without new zoning for it. They were not intended for putting in housing for homeless which we all know is not temporary. This is the City using a loophole to put in housing for homeless without going through the rezoning process.

bullwhip29
Guest
bullwhip29

Vancouver mulls ‘legacy business’ label to maintain neighbourhood character
Designation would help keep local businesses from being squeezed out of areas like Chinatown
http://www.cbc.ca/news/canada/british-columbia/vancouver-legacy-businesses-1.4440425

Doomcouver
Guest
Doomcouver

A band-aid solution to the real problem: land hoarding and speculation.

Bag it and tag it
Member
Bag it and tag it

Ironic the only people that the city wants to protect from the Chineez invasion is the Chineez…and the homeless.

bullwhip29
Guest
bullwhip29

Richmond to install CCTV at intersections
http://www.richmond-news.com/news/richmond-to-install-cctv-at-intersections-1.23116554

>>> about bloody time…

Drop
Guest
Drop

The primary purpose of the cameras is not to help ICBC with car accidents. It’s security.

The Chinese community #1 concern is policing and security. They want more police, they want police that speak Chinese so that they can be served better. And they are meeting politicians to make clear these things.

The cameras purpose is to watch cars and people traveling through the city so the police look at the tape after a crime.

And more importantly, the police can follow a person/vehicle without leaving their office.

I just wonder if the information will be shared with Bejing 😉 lol, joking… or am I.

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

Re CCTV…
Can’t say I’m against it…though I doubt it will make intersections safer, simply we’ll see less of those signs ” Looking for Witnesses”.

Wonder how FOI applies….is the given intersection” taped” and if so can one request a copy ?
It’s been my experience that accidents scenes I’ve driven by rarely involve old “cheap” cars and Non Asians..rather pathetic to have a spotless driving record, recently increased ICBC rates and still being forced to subsidize foreign locusts with dubious driving skills and foreign licenses crashing their $60,000+ BMW’s into $100,000 + Mercedes.

If ICBC can discriminate against young drivers via “age” pool of 25 years or under ……why not a pool for categories of value…say $40,000-$50,000…..etc..

squeak
Member
squeak
Oooh, this made me fume. This is completely out of the loop. What Canada needs to do is to stop the war on the poor/working people. Right now. This is where the money should be put. Never mind little old ladies knitting up “plarn sleeping mats” (google it) for the homeless or trap robbers making away with a little loot from who knows what kind of “riches” that has been allowed in to Vancouver/Canada. The focus and money is to be put on white collar crimes, the enormous amounts being transferred over the net undeclared, non transparency and joke laws. Everything else such as drug business, shootings, robberies, out of control real estate business is just a symptom of the above. Who needs to be protected is the Canadian people from malicious foreign and “shell” agendas, and there are plenty… Read more »
paulb
Member
Active Member

New
86
Price Change
31
Sold
79
TI:8907

http://www.clivestevepaul.com

kabloona
Member
kabloona
In case you missed it….. 😉 Investors pump Canada condo market despite broader cooling https://www.reuters.com/article/us-canada-economy-housing/investors-pump-canada-condo-market-despite-broader-cooling-idUSKBN1E22KL “VANCOUVER/OTTAWA (Reuters) – Canada’s two largest housing markets, Toronto and Vancouver, are being held aloft by booming condo markets as investors and developers stick to an asset they love, fueling charges that the market is geared toward building fortunes rather than homes. … ….Beneath a skyline of cranes, the majority of condos being built are one-bedroom or studio apartments aimed mostly at buyers betting on price appreciation, along with some first-time buyers seeking a foothold, rather than families or so-called end users seeking a house that will grow with them. “Investors are looking for product that they can put the least amount of money down for and realize a profit when they resell it down the road,” said Michael Ferreira, principal at consultancy Urban Analytics.… Read more »
Doomcouver
Guest
Doomcouver

It makes you wonder if there’s a finite breaking point where these unsustainable YoY gains will finally hit a brick wall. Currently the prices are only going up because people expect the prices to keep going up. If the expectation was more in line with the reality of housing as an asset their buying behavior would be completely different.

This culture of “housing as an investment” is so strong now in BC, I don’t even bother telling anyone I know about my thoughts on it anymore. If I tell them that I believe housing will one day reflect local incomes again they look at me like I have a tinfoil hat on or something… How is the bearish sentiment such a radical idea?

patriotz
Member

Housing is an investment. The problem is that people see it as a “can’t-lose” investment.

Kim
Guest
Kim

Of course it will. This is like a Ponzi scheme. A condo unit doesn’t produce anything. You need to recruit more folks to buy more to keep the earlier investors happy. You can’t value a house. Which is exactly why I don’t invest in them.

Boombust
Guest
Boombust

“Prices are only going up”? No way. Have a look at My Realty Check…
You must be watching the BS on Global, etc.

YVR
Guest
YVR

Asking prices are irrelevant. If I list a $100 bill for a sale price at $200 in loonies with no willing buyers and then drop the price by $10 per month (still with no buyers) until someone buys it for $100 does that mean $100 bills went down by 50%? No it just means the $100 bill never had a market value of more than $100 in loonies and listing it for more was irrelevant to the actual market price. Get it? My realty check just points out many sellers are delusional and asking over market value only to lower their price to market value. The actual market value is still trending higher.

Boombust
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Boombust

It’s all about the trend.

Besides, “selling prices” are lower, too.

Boombust
Guest
Boombust

And, no, the actual market value is NOT “trending higher”. You must be smokin’ something.

If it’s CONDOS you’re referring to, they will see the biggest crash, price-wise of any market segment. A dime a dozen.

Just me
Guest
Just me

Zolo still suggests that transaction prices are around 98% of asking. Some morons are still sinking millions in crackshacks.

Boombust
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Boombust

Nonsense

Boombust
Guest
Boombust

As for the CoV and Zolo, the average numbers are all DOWN

Monthly change: -11.4%

Quarterly change: -9.2%

YoY; -1.3%

Just me
Guest
Just me

Follow the link and scroll down. You will find the most recent sell/list price ratios:

https://www.zolo.ca/vancouver-real-estate/trends

Bestplaceonearth
Guest
Bestplaceonearth

Like people give a shit what you think. Why is that permabears think their failure thinkings are wanted.

history
Guest
history

Yea, why even go into a house thats been refinanced? Fuk that! Dont invite me to your place.

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

Should be clear by now that the powers that be have, actively and by intentional design funnelled /shoehorned buyers into the condo market…whether it be NO Foreign Buyers tax, First time buyers loans, Vacancy tax etc. etc.

This way the greedy Gov’t and crony developers can pig out till the long overdue RE collapse commences at which point they will seek refuge via their heads up their collective asses and cry “……WTF happened????, we never saw this coming!!!!”.

patriotz
Member

Letting retirees raid RRSPs to buy houses for their kids is an awful idea

But brokers don’t care about the health of the greater economy; they want to sell houses and condos. And since they work on commission, anything that boosts prices and keeps people buying is, to them, a good thing.

Just me
Guest
Just me

The federal government already provides billions of dollars in subsidies to homeowners. According to Finance Canada’s estimates, the non-taxation of capital gains on the sale of a principal residence cost the government $7.5 billion in foregone revenues in 2016. The First-Time Buyers’ Credit, introduced by the Harper government in 2009, provides a tax credit of $750 for first-time buyers at a cost of another $120 million annually. Plus, there’s the GST exemption on the sale of existing housing. The list goes on.

Shut It Down Already
Guest
Shut It Down Already

Taxing capital gains on principal residences would be ridiculous. Most sellers will be buying another property in the same area, and those properties’ prices will have increased proportionally too. Move-up buyers would be heavily penalized and first timers would be aiming for houses instead of condos as a consequence.

“Foregone revenue”? What a joke.

Bestplaceonearth
Guest
Bestplaceonearth

It is not their money at the first place. The freeloaders should quit relying on the government to tax the rich and feed the freeloaders. Instead, the freeloaders should try to be self reliance like the rest of the people.

Lost...but not Leased
Guest
Lost...but not Leased
In the eternal pissing match between “who” subsidizes “who”. IMHO, focus on Gov’t first in the blame game. Recall Gov’ts are the same whores who can force you to go kill another countries citizens because…umm… err…they can……no questions asked !!!!! This harkens back to origins of Gov’ts revenue streams , especially in North America. THE best system would have been tariffs (pay to play in the given countries sandbox)…as opposed to Free Trade, Income Tax and other taxes. Gov’ts create debts and deficits…citizens are perpetually enslaved to pay for them. REVIEW the USA Federal Reserve, how it was no coincidence the USA entered WW1 after this private financing mechanism was FIRST set in place. ..and , ironically set in motion one of the first Income Taxes…so as your family member is/was sent to war to go kill a distant relative… Read more »
YVR
Guest
YVR

If the federal government proposed a program to use RRSP money to buy a new car I think it would be safe to say new car dealers would be in favour of this program in order to help people buy much needed reliable transportation. You could say the same for travel agents if the program was for using RRSPs to book vacations. Why the media even asks for and prints biased opinions is the better question.

Just me
Guest
Just me

The Federal government did not propose. The realots’ lobby made pre budget submissions, suggesting this scam.

YVR
Guest
YVR

It was part if the Federal Liberal platform. You should be banned from voting.

patriotz
Member

No it wasn’t. The Liberal platform proposed more flexibility for people to use their own RRSP’s to buy their own houses if they are facing life changes such as job relocation, etc. Nothing at all about letting people use their RRSP’s to help their kids buy.

https://www.liberal.ca/realchange/affordable-housing/

Lost...but not Leased
Guest
Lost...but not Leased
Actually, several years ago there was a Federal program ( HOSP? ) that one could use as a savings vehicle towards buying a home. ..and I recall it was tax deductible. It was cancelled and the funds had to either be used or moved into other savings vehicles. ============================= Also Steve Saretzky latest talks about taking a HELOC on one’s own property say at 3% and loaning it out to others at 12% .(aka a 2nd or 3 rd mortgage). One highly leveraged mortgager lends to another ?…won’t end well. IMHO that reeks of greed on one side(lender) and desperation on the other(borrower). This simply hides the true risk exposure in the RE market…aka the minefield continually adds more risk and hazards and potentially sets up a major domino effect. The RE market has any number of ways to collapse….all… Read more »
history
Guest
history

That”s juicy.. in a market thats suddenly drying up fast… i bet this mortgage recycling ponzi scam has many immigration broker and concierge fingerprints on the documents… conveyancers are flocking too.. the whole animal kingdom is in an uproar as FIRE engulfs the Arc.. Saretzky has abandoned ship.. taking the Stan EePak Cup with him.. the original 6ix Vancouver Real Estate lawyers, with wallets full of Visa BitCoin… mount their race horses, virgin practical use transportation… they bolt, the Structure is Burning all around.. regulators are at a loss.. expensive bitcoin horses everywhere.. mayhem.

Montreal smoked meat on the menu tomorrow.

history
Guest
history
Right, i pointed out the ReFinance/Price correlation earlier this year, when it comes to house prices, and High School Drop Out mortgage brokers pop up like daisies. And Boy did they ever Scream. Canada had a collective McLister Moment, that gargantuan Big Shit, when they learned that ever higher velocity Refinancing was driving house prices to the Moon, and still does. Are we to believe RRSP money is being used to finally get the kids out of the basement? Show me one banker swine, and media swine, that looks at RRSP as their personal dough to suggest how you might want to spend it before you are retired. Government swine is especially bad for that too. Thats why im particularly unimpressed the money is worth anything when i turn 65. EVERYTHING in my life has been grabbed by Global Pig..… Read more »
Lost...but not Leased
Guest
Lost...but not Leased

The next “Titanic” in the economy…

In the near future we will see more and more stories re: parents/retirees becoming destitute having leant their children the funds to assist in buying a house/condo,likely moreso as the market peaks and traditional financing options like Banks evaporate and stress tests are increasingly less forgiving.

When SHTF , invest in dog food .

Just me
Guest
Just me

Douglas Todd: Is it OK to ask, ‘Where are you from?’

http://vancouversun.com/opinion/columnists/douglas-todd-is-it-ok-to-ask-where-are-you-from

Soon we will have to be careful to ask even how are you….everything takes offense for anything. Not a healthy society at all, shutting down honest communication.

Shut It Down Already
Guest
Shut It Down Already

An” informal survey” of Douglas Todd’s friends? How scientific!

Just me
Guest
Just me

I bet you think that asking “where are you from” hides some outrageous racist plot.
Get therapy, it might help you.

Best place on meth
Member
Best place on meth

It’s a micro aggression according to the fragile little snowflakes. Another assinine term the left has come up with recently on their relentless march to re-educate to world to their way of thinking – Communist style!

YVR
Guest
YVR

If you don’t like communists why do you keep voting for them?

Best place on meth
Member
Best place on meth

I didn’t vote for Turd.

franko
Member
franko

I’ve always been under the impression that there was little doubt that the NDP was by far the farthest to the left of Canada’s political parties, but this is the only link I could find that doesn’t drag the topic into multiple pages of political jargon.
http://www.theglobeandmail.com/opinion/for-the-only-place-now-is-at-the-far-left/artcle29613152
While Horgan has often been accused of supporting the LEAP Manifesto, he has so far managed to sidestep the issue.

patriotz
Member

The LEAP manifesto is not a policy of the federal NDP. I know a lot of people think it is and I think the federal NDP is partly to blame for not disavowing it explicitly. In any case federal NDP policy does not apply to provincial NDP governments as Rachel Notley will be happy to show you.

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

Actually….I don’t need to ask where they are from.

2nd and 3rd generation Asians don’t stand out other than the obvious visuals. They tend to assimilate into western culture quite well. Unfortunately, even they see the invasion and are being outnumbered…ironically the newcomers have a subtle dislike of them.

Others …simply observe and pick out the foreign locusts.

Driving habits are a major red flag.

One that intrigued me is all the elderly Asians….walking in a daze, skin tone is all mottled, mouth often open… jaywalking or walking as slow as possible….aka who let them in and why ? They contribute nothing, are a liability, and displace our own established seniors.

Microaggression is simply self censorship..
….what’s next ….. atomic aggression?

Oracle
Guest
Oracle

Bingo!

It not the visuals. It’s the actions. Same in Indian community.

Boombust
Guest
Boombust

Just like that goofy study by Andy Yan on “non-Anglicised names” on the West Side.

YVR
Guest
YVR

Looks like Site C is a go. Another bad day for NDPers who thought they voted for change.

Vaughn Palmer: Expect Horgan to approve reframed Site C in a few days

http://vancouversun.com/opinion/columnists/vaughn-palmer-expect-horgan-to-approve-reframed-site-c-in-a-few-days

Best place on meth
Member
Best place on meth

It doesn’t matter to you though.

You would have roasted Horgan no matter which way he decided.

YVR
Guest
YVR

Actually I am not roasting Horgan on this. I am roasting you for being so foolish to vote for him and think he was goung to keep his campaign promisses. So far all you have is no bridge tolls.

Best place on meth
Member
Best place on meth

He kept his campaign promise on site C.

Oracle
Guest
Oracle

Lol. Ok.

If you like to believe Liberal media fluff pieces in the local press.

China One
Guest
China One

Stah Lee Pak! Ok!

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

Pragmatically speaking, Site C, once commenced,…..will go ahead regardless of who is in power….its” Dammed if do…. Dammed if don’t “….. .(pun intended).

This does not imply it was needed…or perhaps Site C best never to have started…but the BILLIONS in costs to date can’t really be ignored. …IMHO these in the short term “trump” ( pun intended ) the long term costs.

What this will do is corner the NDP re its other promises and their affordability. Very curious what rabbit they intend on pulling out of their hat re: housing in the Spring 2018 budget. My guess is it will be token at best…the situation is too far gone..like the Site C dam.

YVR
Guest
YVR
“Very curious what rabbit they intend on pulling out of their hat re: housing in the Spring 2018 budget. My guess is it will be token at best…” Horgan has already said he will protect peoples equity which rules out any measure to bring prices down which is the ONLY solution. It will be a ‘promise’ of more supply. Nothing other than a few shipping containers for homeless will actually get started during this term. In other words most around here will get nothing except the tax bill for the shipping containers and legal costs trying to actually set them up without due process. These containers will be leaky and mold infested within a few years and be another failed NDP legacy. Temporary modular housing is the worst investment of any type of housing. Just ask anyone who bought a… Read more »
Lost...but not Leased
Guest
Lost...but not Leased

Reported that Burnaby Mayor Mike Corrigan beat Gregor Robertson for chair of Translinks Mayors Council.

Seems a bit of backlash against Vancouver, as Robertson seemed to be in bed with developers and speculators on where Translink lines would run and the higher density that would ensue(aka in Vancouver).

This move may be good in the sense that less pressure ( displacement and hollowing out) in Vancouver and then spread out in other areas.

Abdul Lahazi
Guest
Abdul Lahazi

Burnaby Mayor Derek Corrigan

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

Georgia Straight reports Vancouver Firefighters responded to over 6000 OVERDOSE calls so far in 2107 ( approx. 16 calls per day ).This of course moves resources away from other emergency situations.

IMHO this is very indicative(and an indictment) of the system and the powers that be.

The news is littered with tragedies of the opiod crisis.

Has gov’t waived the white flag, or more insidiously, this is an indication of its attitude towards its citizens in that it could care less, and will focus on other issues.

IMHO, one can get very cynical when one does a bit of research and realize gov’ts are often in bed with the criminals, ie Vietnam and Afghanistan wars were about securing drug supply, not democracy.

Cue: ” Soylent Green”

Abdul Lahazi
Guest
Abdul Lahazi

“Governments are often in bed with the criminals”; like the BC Liberals ignoring drug money laundering in BC casinos…

history
Guest
history

There is a reason why our Country has a high representation of immigrants from north India and North east Pakistan… and why they have been gifted lots of Free Shit and privilege. It’s to control and gain from Growth in this area of Asia, and to mitigate Value in the places their species invade. Oh well, since when did we ever give a shit about invasive species or bother teaching our kids this?

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

Lots of immigrants via the Hive mentality..which is why Turdeau favoured 3rd worlders sponsoring in extended families.

They are not required to learn English….but the politicians imply jump in bed with given hive community leaders who tell the rest of the “no speak English” Hive how to vote.

history
Guest
history

Yup, good analogy, strength in numbers, meanwhile the plundering of what the old Man put together is exploited by Hive Gaming. Turns my gut. Fukers are infested throughout the Snivel Service too, probably reading this note before posted. Perched on their God cloud and censoring the Subjected Rabble. Nothing you can do, you are the victim of reverse racism, and they are celebrating the MultiCult screwage that is a Big Fuking Lie. As bad as Debt money Financialization mortgage fraud.

patriotz
Member

B.C. changes tenancy regulations to limit rent increases to match area rates

The NDP government announced it’s closing another loophole in residential tenancy and manufactured home park tenancy regulations by eliminating a clause that permitted landlords to raise rates above the allowable rental increase limit to match rents within a geographic area.

Raincity
Member
Raincity

Is this pseudo rent control?

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

Rent control is typical downloading by Gov’t and an abrogation of what was their past role of encouraging purpose built rental housing till about the early 1980’s. Beating up on landlords solves nothing and lets Gov’t off the hook.

As I have stated before…….Gov’t sets the rules….the people react accordingly.

In the past, rent often covered the cost of the mortgage…the difference between a landlord or a renter was often the downpayment…many renters choose not to own but it was most certainly within their grasp if they focussed on the downpayment portion. ( NOTE: Not everyone is cut out to be an owner). This metric worked till about the mid 1970’s whereby Nixon de-linked gold from the USD and we have had rampant inflation ever since.

history
Guest
history

Fuk it all, move into your van.

Show me One Landlord, anywhere, that didnt re-finance, and wants And Expects you the income dependant worker, to pay for it!

Renters have a Duty to rid themselves of Evil Fraud Financial Swine. Do it for yourself, the residence you’re in is inhabited by worse than Satan.. a zombie apocalypse

Best place on meth
Member
Best place on meth

Damn, I thought Pope had rid this blog of the mohican cancer.

Sadly, the worthless piece of shit is back.

Bestplaceonearth
Guest
Bestplaceonearth

Incase you are stupid enough not knowing, cancer will always be around. People will likely read you as a piece of shite as well. It is a two way street, and life is not as comfortable as your mama’s basement .

Best place on meth
Member
Best place on meth

Wow, that wasn’t too retarded at all.

Fuck off, dirtbag.

bestplaceonearth
Guest
bestplaceonearth

all you could came up with was fuck off? you mama should have taught you not to use the word retarded.

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

Yeah..duly note some turd is down voting most posts in the ( – 9 ) range……..good thing I can trace who it is.

Diadora
Guest
Diadora

China’s Censors Are Spying on Mobile Chat Groups.
Chinese man “Wechat” President Xi Jinping a “baozi (a steamed dumpling)” was sentenced to 22 months in jail last month.
https://www.wsj.com/articles/jailed-for-a-text-chinas-censors-are-spying-on-mobile-chat-groups-1512665007
J2 wants to court this totalitarian communist country who does not believe in human rights.

Just me
Guest
Just me

Trudeau gives no explanation for his love of China, other than vague stuff about the unavoidable need we have for that totalitarian regime. Why do we need them so badly? What great good have they done to humanity so far?

YVR
Guest
YVR

You voted for the guy and have already stated he was the best choice. His Marxist policies and love for communism was apparent when you cast your vote. Quit complaining. You got what you voted for.

Best place on meth
Member
Best place on meth

Canada was much better off before we started “trading” with china and letting them immigrate here in massive numbers.

We actually don’t need them for anything, we do need is to be rid of them.

Abdul Lahazi
Guest
Abdul Lahazi

Precisely. Canada does not need to court China at all because they would want to be here anyways and it would be on our terms.

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

I recall an old bromide re JAPAN vs CHINA.

In a given war…..CHINA , relatively speaking, via sheer numbers……..had a literally endless supply of “bodies” compared to JAPAN in a simple war of attrition ( last man standing ).

Regardless, history showed that Japan, with much smaller country and population than CHINA..JAPAN was thus a much more sophisticated culture and regardless of the ratios, could often match and beat CHINA .

Ironically, up until say mid-late 1990’s,…. JAPAN was a major global economic player.

Is it simply a coincidence that concurrent with Japans collapse that Mainland China’s influence rose literally exponentially? I submit no coincidence…all by design.

Just me
Guest
Just me

Sketchy the loser is still around.

Too bad that the pope does not stop him. I often use the votes to select what to read when I am in a rush. This Sketchy loser is making it unusable that way. Annoying, but I can live with it.

Just one question: it must take time to downvote all these posts multiple times. Does this loser have no life? All this time on his hands? Go figure…..

Combat roach
Guest
Combat roach

It’s his idea of having fun on Saturday night.

bullwhip29
Guest
bullwhip29

he is also likely downgrading the posts and links that get under his skin the most

Just me
Guest
Just me

Yup. If Sketchy downvotes you, it means you have written something interesting.
I used this rule to select comments to read yesterday.
Basically, I tend to agree with whatever he disagrees with.

Nonetheless the behaviour is childish, to say the least (if not outright pathological).

Just me
Guest
Just me

‘Older people have pulled up the ladder’: inside England’s oldest and youngest towns

https://www.theguardian.com/inequality/2017/dec/09/ladder-england-oldest-youngest-towns-manchester-minehead

Resemblances….

Doomcouver
Guest
Doomcouver

Baby boomers are the worst generation ever. They had everything handed to them (cheap cost of living, stable jobs, cheap education) yet they still bitch about how lazy millenials are. I won’t feel bad for them when the economy tanks, they’re deep in debt from their 4th HELOC, and their houses are near worthless.

Woowwee
Guest
Woowwee

I know lots of professional’s in Vancouver who have lived large on their helocs over the past decade, house keeps on going up so no big deal eh? renos leases, and child care cost dumped to heloc is quite common, some have 1 million dollar helocs and are maxing out, rates rising have made for some sleepless nights

so how does this end?

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

” PRO”fessionals???…..LOL…

……..”PRO’s” are nothing more than indentured disciples of a belief system the Gov’t has sanctioned as a monopoly in the given discipline.

PS……IF don’t unnerstann…may the higher powers have mercy on thee.

history
Guest
history

Pig boomers and their global tourism… effem. Dont even enter their shithole Heloc homes.

ostritch
Member
ostritch

Sounds like that would workout well for you.

history
Guest
history

https://wolfstreet.com/2017/12/08/citi-bofa-hsbc-goldman-bnp-on-hook-steinhoff-spirals-down/

The Mattress

The most important item for your live in vehicle, after the vehicle itself

southseacompany
Member
southseacompany

“Developers are building more condos in Canada than ever before — and that has economists scratching their heads”, Financial Post

http://business.financialpost.com/real-estate/developers-are-building-more-condos-in-canada-than-ever-before

“Investors beware — the numbers may not be what they seem”

bullwhip29
Guest
bullwhip29

i don’t get why this seems to baffle the so called experts. everyone here knows the presale market is a totally different animal and that as a result of both direct and indirect intervention in the housing market, a variety of convenient loopholes and (un)intentional oversights by govts big and small, many drivers of what stoked the fire under the housing market in the first place have now all re-focused on essentially one category of real estate.

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

Intelligent question !

Answer ? = who fund$$$ the status quo propaganda masked as” truth”

UBC’s Sommerville and Davidoff are mouthpieces for vested interests. If you went to UBC in the 1970’s..there was no corporate names( ie Sauder) attached to faculties. We need intellectual outliers who defy the cloistered tenured herd and
have the balls to let er rip.

Unfortunately…..We have an epidemic of academia addicted to fiscal leashes where truth is truly relative and sold to the highest bidder.

If uncertain, simply GOOGLE Einstein and what a fraud he was, he stole his ideas from a Frenchman Henri Poincare’

Doomcouver
Guest
Doomcouver

Yes exactly. Tsur Sommerville and Tim Davidoff are paid shills in the back pocket of the real estate industry. The media seems to think they’ll give an unbiased opinion of the market but nothing could be further from the truth. They’re essentially paid to prepare students to work in the real estate industry BY the real estate industry. Thus they have a vested interest in pushing the notion that this will be a good industry to work in the future. This Tyee article from 2015 really laid bare why you’re just getting propoganda from these clowns. https://thetyee.ca/News/2015/03/18/Tsur-Somerville-Observer-Or-Player/ . The real estate market in Canada will be a horrifyingly bad sector to try and work in when the rising rate environment takes hold.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

Coquitlam school trustees are under fire for taking Chinese-government-paid trips to China
http://vancouversun.com/news/local-news/coquitlam-school-trustees-free-trips-to-china-raise-ethical-concerns

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

I live near a public high school.
Yesterday, (Saturday)the parking lot was packed.
Why?
Mandarin classes for Hive spawn.

Abdul Lahazi
Guest
Abdul Lahazi

Education in China is not like in the west. In China they can bribe you and cheat their way through university. Education standards in most schools are very low compared to Canada which is why they want to come here for education but they continue to want to use their same cheating tactics they used at home.

Abdul Lahazi
Guest
Abdul Lahazi

I had a chinese guy openly brag to me that he cheated on his MCSE exams to get his designation and he obviously did not know anything but he had the certificate.

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

IT is rather unfortunate FOREIGN LOCUST = HIVE SPAWN have turned their backs on historical avenues to prosperity..ie genuflection to ” all’s fair in love and whore” and instead do the classic ‘ EARN IT” starting @ the bottom.

Pseudo refugees from Communist Countries ( aka foreign locu$t$ ) do NOT deserve our respect……moreso our eternal suspicion and concurrent timeless vigilance.

Shut It Down Already
Guest
Shut It Down Already

You’re certainly the most incomprehensible of the mentally deficient racists here. Well done.

history
Guest
history

Hey, you are wrong!

Just me
Guest
Just me

And you are an apologist for a totalitarian regime.
You willingly ignore malfeasance by mainland Chinese.
Should be ashamed of yourself.
Presumably you are also educated, which aggravates your stance.

kabloona
Member
kabloona

MCSE…”must consult someone with experience”…..

😉

Best place on meth
Member
Best place on meth

“Gartland said the Confucius Institute is an extracurricular program that runs a Mandarin school outside of school hours. The students pay their own fees.

She applied to Confucius Institute for a grant to send school teachers and administrators on a trip to China, so they can help their students learn more about the country and culture, adding she would again in the coming years.”

You don’t need to send our students to china to learn their culture of lying, cheating and stealing.

They can witness it right here.

Lost...but not Leased
Guest
Lost...but not Leased
Much more to this story… WHY is a Superintendent ( Gartland ) making applications ? Something stinks. In all likelihood, this is being used as leverage for recruiting international students, as many school districts are becoming increasingly dependent on them due to declining enrollment. (aka hollowing out ) Doing some research, TriCity News….Gartland started the foreign student program for SD 43 in 1999,….it is now the largest in Canada with 1800 students (2016) bringing in approx $28 million. I think people should be up in arms over this, as how our public servants are using taxpayer funded facilities as a means to set up what is in essence a quasi-private school within each public school. Cui Bono? One can be assured that one does not receive any benefit via property taxes reduced. ONLY the School District employees benefit. Given the… Read more »