Friday Free-for-all! January 12th 2018

It’s the end of another work week and that means it’s time for another Friday free-for-all! This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

Detached sales hit low of 2008
Vancouver Titanic
Snow-washing
Central banks reverse QE
About that NZ buyer ban

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

Sort by:   newest | oldest | most voted
Lost....but not leased
Guest
Lost....but not leased

First…..

history
Guest
history

Marijuana first peaked in 2012, it was the hidden peak, and it was Real estate at Lake Cowichan.. But now Marijuana stock market peaks.

Marijuana double top

bullwhip29
Guest
bullwhip29

the “everything” bubble appears very much like it is in the final stages of flaming out big time. the vast majority of the pot and crypto currency wannabee companies will never make a cent and shareholders will wind up losing all their money. i remember in the old VSE days you could at least use the worthless share certificates to make wallpaper…

history
Guest
history

Hence West Coast houses are assigned more value than otherwise rational. Our stock market is notoriously pump and dumpy.

Sparta has visited our society. Some bright eye Trans National Bolshevik has implimented the Lycergus Economy… our currency is big, heavy, Hard to move (or impossible).. a transaction is generally not a simple affair.

..and it does one thing that they want. More than everything else, if we are to arrive at a sense of Equality in our lifetime

“Homes as Currency Exposes Wealth”

(I, history, reserve the right to this analysis, and if used by Spook industry, must be cited or recognized)

kabloona
Member
kabloona

I love this story….

😀

“Kodak to launch cryptocurrency, stock pops 125%”

http://money.cnn.com/2018/01/09/technology/kodakcoin/index.html

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

Kodak…lol
What’s next ? Tampons and Condoms…???

This is why cocky BitCoiners will have asses handed to them on a platter…there is NO law nor limit to cryptocurrency…….maybe stick to Tulip bulbs..

history
Guest
history

Bitcoin and Marijuana stocks can be looked at like listening to Grunge Music while watching Iraq War I on TV, with the volume down, screwing on the couch, and having children with your Relative …

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

The curse for Millenials are….Millenials!!!!…

Their programming got all f*cked up with SJW,…. Libtarditis and dare I say “Snowflake” mantras…

Their bubble world seems to be a grandiose video game….ie the world can be fixed with Koombaya and artificial intelligence on demand.

Bitcoin and ” Mary Jane” is a symptom of the aforementioned…when SHTF they will be desperate for olde school lessons.

Best place on meth
Member
Best place on meth

In the late 90’s, gold mining companies were adding “dot.com” to their names to get investors’ attention.

Burnabonian
Guest
Burnabonian

RE: Vancouver detached falling off cliff.

Seems people think they are going to “wait it out”.

Har har.

As someone smarter than me said here, the markets can remain irrational for longer than you can remain solvent.

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

Ross Kay more recent interview..
He says the stats are all BS..

In GTO…many properties are listed then removed from market..and never recorded in the data pool.

He claims that over 6,000 units in Toronto area were listed, then either listing died or pulled from market. This implies the actual inventory is much higher. He also states that if buyers knew this info, the market would likely take a bigger hit.

Maybe Paul B could comment????

YVR
Guest
YVR

Listings are always pulled in December and come back in January. Nobody wants to show their property or look for a property during the holidays. The problem is the pulled listings are not coming back. Clearly in BC people are waiting for the positive news in the Feb budget. The RE insiders know what is going on and are telling their clients to hold off until March.

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

Another Ross Kay observation:

He claims condo owners are subsidizing wealthy homeowners.with respect to assessments..ie owners of high end luxury homes have seen an assessment drop, while condo owners have seen significant appreciation.

This will translate into mill rate shifts and condo buyers shouldering the burden.
Not good for many condo buyers already fiscally challenged.

YVR
Guest
YVR

“Seems people think they are going to “wait it out”.”

Obviously the expectation is no action to cool housing in the NDP budget otherwise people would be listing. I am sure many of the RE insiders are in the know what the NDP are going to do. They are on record they will consult with the RE industry. It will be a supply based ‘solution’ which if anything will put more upward pressure on prices. Adding supply means more demand for land and construction resources. When you have a 2 year wait for permitting in Vancouver there is no extra supply coming anytime soon. Just more fuel to the fire.

patriotz
Member

“When you have a 2 year wait for permitting in Vancouver there is no extra supply coming anytime soon.”

Well there’s more to the metro than City of Vancouver you know. In any case:

href=”https://globalnews.ca/news/3955789/metro-vancouver-housing-starts/”>Metro Vancouver housing starts on track for record year: home builders

patriotz
Member
YVR
Guest
YVR

So your point is everything is good as is? Did you even read the article you posted.

Royal LePage CEO Phil Soper argued that the new units won’t be enough to cool rising prices. He said there’s just too much demand from millennials, new immigrants and a third group that’s not talked about as often.

patriotz
Member

My point is simply that according to the RE industry itself, there is extra supply coming soon, contrary to what you said.

YVR
Guest
YVR

The article quotes the RE industry saying the opposite FFS: “Royal LePage CEO Phil Soper argued that the new units won’t be enough to cool rising prices.”

YVR
Guest
YVR

In other words even the RE industry is telling us it is a demand problem not a supply problem. I guess the NDP are the last ones sticking with we need more supply to solve the housing problem (at least since after the election).

Oracle
Guest
Oracle

No point posting here. These guys are doomed. Too dumb to realize what’s going on.

Watch the looks on their faces after the Budget. Then the despair looks when they realize the NDP was their only hope.

Prices will reach Shanghai levels within 10 years.

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

You mean……..literally and figuratively ” Dog- Eat- Dog”
( and maybe Cat as well ???)

All kidding aside….Glegol Lobertson is THE biggest RAT leaving the LibTard ship….read the tea leaves….lesson to lefties about faith in straw gods and rolling the dice.

Translation: U R SCREWED.

Specuskeptic
Member

“No point posting here. ” Why not stop then? (As promised) Doctor, heal thyself.

Boombust
Guest
Boombust

Speaking of Ross Kay, he says Phil Soper is the laughing stock of the industry.

Strata Hacker
Guest
Strata Hacker

Ross Kay is a loser. Not surprised you are fooled by him.

Best place on meth
Member
Best place on meth

“Royal LePage CEO Phil Soper argued …”

Lost me right there.

Soper doesn’t argue, he pumps real estate.

YVR
Guest
YVR

If you want to build supply you need funding and then start this process:

1. Acquire the land; 2. Design; 3. Permit and consult with public; 4. Building permit; 5; Build the structure;

All that takes 5 years. In each step it takes resources away from developers already building. You will be competing with them for the same land (increase prices) , permitting resources (already backed up), construction resources (already maxed and expensive = more expensive). Then who gets this limited new government supply? A few lucky people get subsidized (homeless, welfare, low income most likely) the rest get to pay for it.

Oracle
Guest
Oracle

You know what’s going on. Quit trying to educate others. They won’t get it. Hedge yourself.

That’s what I’m doing.

Raincity
Member
Raincity

Its NOT a supply issue, It’s a SPECULATION ISSUE!

Lost....but not leased
Guest
Lost....but not leased
Blast from the past…..what UGLY looks like. Re: The last BIG RE: CRASH IN BC ( pre- HAM ) In the late 1970’s early 1980’s…we had the MURB program as well as a juiced Housing market. Richmond was an interesting case. Huge areas in the City center were re-zoned from SFH to multi-family…..mostly 3 storey apartments. It was a war zone re demolition etc. When SHTF, landlords were desperate for tenants…offering free rent packages. If not mistaken, landlords under MURB had to rent for 25 years before selling as a strata. I can recall a rather amusing situation…whereby the Feds stated that MURB eligiblity would be maintained if a project had its foundation poured by Dec.31 of the year. Many contractors did this…and BOOM..the whole thing imploded and foundations sat for years with no construction.. “Mother Jones” magazine had an… Read more »
Lost....but not leased
Guest
Lost....but not leased

Should also mention:

I recall a project just a few doors West of PNE in the early 1980’s . The concrete shell was built, and the sky crane also on site. It was left abandoned for years…and got to the point the COV was ready to condemn it, but I believe the project did complete.

Regardless…IMHO we , throughout BC …will, in the very near future ……see ORDERS OF MAGNITUDE of failed projects in various stages as I have outlined…BET ON IT !!!!

history
Guest
history

You make a very good point. It was this kind of thinking that justified portables in school yards instead of expensive additions.

And why houses should be produced nowadays via the automobile assembly line.

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

Re: earthquakes

Portable classrooms, while not preferred by many, are used as fodder for the construction lobby.

Fearmongering is classic, but irrational. Students spend over 2/3 of their time away from school structures…..thus odds and probabilities are their safety is not compromised in public facility.

IMHO…..the construction lobby has too much influence on what is a subjective argument on student safety. Portables are likely THE safest structures during earthquakes.

history
Guest
history

Wasnt expecting Earthquakes in a reply, since back East portables were the answer to demographic bulge. They were put in place by Objective, utilitarian virtue.

You are right about the Subjective tho, which rules today. Fascists coalesce around their security software programs, and Pick Off their Subjects, one by one

bullwhip29
Guest
bullwhip29

Royal Bank, TD raise their fixed 5-year mortgage rates
http://www.cbc.ca/news/business/banks-mortgage-rates-1.4484616

Best place on meth
Member
Best place on meth

2.79….never again 🙂

Shut It Down Already
Guest
Shut It Down Already

Still obtainable. If only you’d checked ratehub.

Best place on meth
Member
Best place on meth

Better hurry, Garth. It’ll be gone next week.

bullwhip29
Guest
bullwhip29

Chinese developer took $2.68-million cash loan in Richmond coffee shop, legal filings allege
http://vancouversun.com/news/local-news/chinese-developer-took-2-68-million-cash-loan-in-richmond-coffee-shop-legal-filings-allege

YVR
Guest
YVR

Note this case was from in 2015 when casino money laundering was investigated by the RCMP. Now it is studied by consultants or talked about in endless grand standing by the AG. Any charges laid since the NDP took over? Nope.

The case appears to shed light on elements of the RCMP’s E-Pirate investigation. In 2015, the RCMP targeted an alleged organized-crime network accused of delivering cash loans sourced from drug traffickers to VIP gamblers at Richmond’s River Rock Casino

patriotz
Member

Any charges laid since the NDP took over? Yep.


Charges laid in probe of alleged B.C. drug-cash money-laundering

Criminal charges have been laid against Silver International Investment, a money-transfer business that RCMP allege was involved in money laundering, had ties to underground banking and used suspected drug cash to fund Chinese VIP gamblers in B.C. casinos.

YVR
Guest
YVR

The investigation and raid was in 2015.

In a raid on Silver International’s office in October, 2015, civil forfeiture documents allege, Mounties seized over $2 million in mostly $20 bills, plus ledgers and daily transaction records. Ledgers suggest that in only one year, Silver laundered $220 million in cash in B.C., and sent over $300 million offshore, according to Ward.

Just me
Guest
Just me

You are right. the BC Libs were very serious about targeting money launderers from China and offshore criminal gangs intent on buying Vancouver RE.
As reflected in the fact that house prices barely budged over the past 16 years….no Chinese money was accepted under Christy Clark and her predecessor…..

YVR
Guest
YVR

Prices have risen more on an annual percentage term since the NDP took office than over those 16 years. If you are happy with what the NDP is doing to target (study) money laundering then why do you come year to whine about it on a daily basis?

Royce McC
Guest
Royce McC
I mostly lurk these days, but I recall you being a relatively constructive poster here in the past. I say this as someone who was a BC Liberal supporter for multiple elections: you might want to reflect on what you’re bringing to the table here. Your non-stop NDP attacks are making you very easy to lump in with the other posters on this site who are more or less worthy of ignoring by default (bears, bulls, hyper-posting sock puppeteers with dubious “inside sources”, etc). That’s not to say there aren’t very valid NDP criticisms to be made. But to my eyes you have officially reached “[politician/ political party] Derangement Syndrome” phase with some of your tissue paper thin criticisms that seemingly absolve the conduct of the previous government. Take your point above. That is some pretty tortured number crunching –… Read more »
YVR
Guest
YVR

I am not saying the Liberals did anything well with respect to housing. What I am saying is the NDP is worse. Bad to worse. Get it? If you have some counter arguments then bring them forward. Otherwise STFU.

Oracle
Guest
Oracle

I’m thinking Caucasians think differently. That’s what’s putting people at odds.

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

Yes(Caucasians) DO think differently…prove otherwise.This does not imply superiority per se, but forms the basis of a logical debate, ie history, geopolitics etc.

Huge topic…but braindead SJW and Libtards use the old racist etc blah blah blah pablum in between smoking joints .

These pot smoking turds should STFU…….otherwise they foster and expedite the communist agenda. Otherwise..submit application to VISION party…(PSSTTT…word is lots of vacancies..no brains nor experience necessary…..).

Shut It Down Already
Guest
Shut It Down Already

“Prove me wrong!”

The call of the moron.

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

SIDA ……ERR ..”see DUH”

Puhreeze Plovide Mayring adlless…
……….Time Rimited affluence.

Puhleeze note:
Glorious Leader/Bethune spawn Glegol has Libtard/Commisar Vancouver Charter to back him up.

……..includes provision to clean bike lanes with….well….you know…”.Lesistance is Flutile”

Shut It Down Already
Guest
Shut It Down Already

Wow, you really doubled-down on the moron stakes there.

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

SEE DUH
Dr. Pollock advertizes a lot on CKNW et al…

Can you submit a testimonial re: the failure rate ?
NOTE: In utero bolt- cutters are NOT tax deductible.

Shut It Down Already
Guest
Shut It Down Already

Get help.

Royce McC
Guest
Royce McC

Guess I had you pegged wrong. Carry on.

Dyugle
Guest
Dyugle

So everyone else is crazy and you are the only same one. I get it.

patriotz
Member

“The investigation and raid was in 2015.”

Do you get tired from moving those goalposts? Former location:

Any charges laid since the NDP took over? Nope.

bullwhip29
Guest
bullwhip29
Shut It Down Already
Guest
Shut It Down Already

Great deal for the buyer. They’d otherwise struggle to turn that much Bitcoin into cash.

YVR
Guest
YVR

I think it targets the person with cash in China. Makes it easy to convert the money in China to a house here without the hassle to convert the bitcoin to CAD cash first.

Shut It Down Already
Guest
Shut It Down Already

Because you only see what you want to see.

Oracle
Guest
Oracle

Shut up Victor Wong!!

patriotz
Member

Just sounds like a publicity stunt to me, but I’ll bet my socks that if anyone did offer Bitcoin, the sale would be contingent on conversion to cash at a rate acceptable to the seller before closing.

YVR
Guest
YVR

They probably just asked double what the house is worth to compensate for the bitcoin volatility and exchange hassles.

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

Extracting/mining BitCoin is like asking SIDA for an informative/objective opinion…( as opposed to squatting and letting their ill -advised DNA programmed nature rip ).

Having a sphincter capable of mimicking the creature in “ALIENS” may be perceived as an advantage in the short term, but not necessarily tax deductible under “dependent”(unless 10 year locust- class teat- sucking shyster via Quebec)

That said…..for the sake of diplomacy…maybe I should offer” SIDA COiNs”

Shut It Down Already
Guest
Shut It Down Already

Do you ever proofread your incoherent ramblings?

Best place on meth
Member
Best place on meth

Listing for bitcoin = fishing for a sinoman money launderer.

One would have to be a moron or liar to not spot such an obvious maneuver.

Doomcouver
Guest
Doomcouver

I think you’re right. If they find a buyer it should be setting off alarm bells over at FINTRAC. Oh wait, the alarm’s been broken at FINTRAC for ages, and no one that works there cares anymore. Nevermind then….

kabloona
Member
kabloona

Ruh-roh…

“RBC, TD Raise Mortgage Rates, And Experts Warn This Is Just The Beginning”

https://ca.finance.yahoo.com/news/rbc-raises-mortgage-rates-experts-165400805.html

🙁

“Two of Canada’s largest banks raised its mortgage rates this week, and experts say this could be just the beginning of a new period of rising lending rates — and even tougher “stress tests.”

The Royal Bank of Canada hiked its official posted five-year mortgage rate by 0.15 percentage points this week, to 5.14 per cent from 4.99 per cent. Its special rate for a five-year, fixed-rate mortgage jumped to 3.54 per cent, from 3.39 per cent. TD Bank followed suit quickly, also raising its posted rate to 5.14 per cent, according to news reports.

The experts say at least some of the other banks are likely to follow, especially as RBC is seen as a ‘trend-setting” bank when it comes to lending rates….”

Joe Money
Guest

The noose tightens another notch.

Just me
Guest
Just me

Unrelated to RE, here is another great article by Douglas Todd. Worth sharing. Thoughtful and honest.

Douglas Todd: Five ways to protect free speech on campuses, and elsewhere

http://vancouversun.com/opinion/columnists/douglas-todd-five-ways-to-protect-free-speech-on-campuses-and-elsewhere

Shut It Down Already
Guest
Shut It Down Already

Douglas Todd doesn’t understand that hate speech is not protected free speech. Because he chooses not to.

Best place on meth
Member
Best place on meth

Would would be an example of his “hate speech”, Garth?

This ought to be hilarious.

Shut It Down Already
Guest
Shut It Down Already

You’re embarrassing yourself again. Read what I wrote once more, very carefully, and probably out loud.

Reading the article would surely have helped you, too. But you were too busy throwing yourself at the keyboard, I guess.

Just me
Guest
Just me

Nothing even close to hateful in Todd article. Nor apologies for hateful speech. You must have a very wide definition of what constitutes hateful speech.

Lost....but not leased
Guest
Lost....but not leased
Re; Glegol Lobertson From what I am gathering from various news sources. Glegol had proclaimed 4 months ago he would run again for Mayor. So,,WTF happened? The Tyee had a lot of good comments. It appears even the ever- delusional SJW and Libtards lost faith with Glegol and Vision. Seems their legacy will be drumm roll…” bike lanes.” In upcoming 2018 elections, Vision will likely be slaughtered, much of that due to their traditional support either not voting or voting against. This move by Glegol has to have the BC NDP Gov’t shaking in their boots, as NDP voters seem to be getting restless as well….so both Horgan and Weaver are shite-ing on what to do. aka Glegol is canary in the mine for BC NDP. NOTE:The BC Liberals are quite silent, content at the sidelines watching the slow train… Read more »
Patiently Waiting
Member
Patiently Waiting

It’s hardly unusual for the Vancouver Mayor to be of a different political stripe from the Provincial government. In fact, if you look at the past few decades, it’s the norm.

My predictions: Vision will end next municipal election, and the council will be a mixed bag. The NDP will win a slight majority next election (if it’s still FPTP) or be the largest party (if PR). The Liberals will be in the wilds for a while as Stone rebuilds the party.

Oracle
Guest
Oracle

Dreaming. NDP peaked with the housing vote. Minus the site C and housing and NDP loses 5-7 seats next FPTP election. Game over.

Bestplaceonearth
Guest
Bestplaceonearth

Well, you know how right you have been about your real estate prediction!

YVR
Guest
YVR

“The BC Liberals are quite silent, content at the sidelines watching the slow train wreck develop”

Why say anything when you are watching the biggest train wreck in BC history. Let them hang themselves.

Doomcouver
Guest
Doomcouver

Maybe he felt the real estate bubble wouldn’t survive his next term. Best to leave on a high note as they say. Well….. the highest note Gregor can ever attain anyways…..

history
Guest
history

4R Mayor to stick around while the nation goes through its most profound restructuring in decadex…. makes no sense.

He is a product of The Shadows, his family, heritage, lineage….. You said it yourself.

4R Mayor RobeRtson, light a candle, and walk 5 times around the kitchen table..

stagnate
Guest
stagnate

G.R. had a big ego and little respect for public money. he knew it was time to go. no he won’t pop up provincially, little or no appeal outside Vancouver

history
Guest
history

“No joke: KFC Canada starts accepting Bitcoin”
http://business.financialpost.com/news/retail-marketing/no-joke-kfc-canada-starts-accepting-bitcoin-for-a-bucket-of-chicken-immediately-sells-out

TORONTO — A professed failure to understand Bitcoin has not deterred KFC Canada from accepting the cryptocurrency as payment for a bucket of fried chicken.

A limited-time marketing promotion for a “Bitcoin Bucket” was launched Thursday afternoon by the quick-serve restaurant chain — so limited, in fact, that it appeared to sell out of the ten-piece chicken buckets entirely between 10 a.m. and 11 a.m. ET on Friday.

“Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken,” the company said in a posting on its Canadian Facebook page that featured a live tracker of the virtual currency’s value superimposed on a bucket of chicken.

history
Guest
history
“Greg Rowland advises multinationals companies on the symbolism of their brands, which involves the cultural association of numbers. His clients include Unilever, Calvin Klein and KFC. The number 11, for example, is an essential element of KFC’s corporate mythology: its signature dish is fried chicken seasoned with Colonel Sanders secret Original Recipe of eleven herbs and spices. “This is the key mystical use of the number eleven in commercial culture”, sais Greg The number 11 represents transgression, an extra ingredient, one beyond the ordinary “Eleven has just gone one past ten. It has recognized that there is an order to things, and now it is exploring the distance beyond. Eleven is opening the door to the infinite, but it’s not going too far. It is bourgeois rebellion at its most finite!”* Got it? Greg Rowland spook… KFC chicken between 10:00am… Read more »
Future
Guest

The world’s bankers are raising interest rates.
The nadir of the great historic money printing, asset inflating experiment has passed.
Yet, a fool finds time to post about a chicken restaurant.

history
Guest
history

You sound scared

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

KFC?

F*ck it

I boycott it since they got rid of “TOONIE TUESDAYS” and no more “Extra Crispy”.

Chains are increasingly becoming a scam…..like NDP …a franchise of Global Communism.

Best place on meth
Member
Best place on meth

If they still sold a meal that cost $2, it would be pretty obvious they were no longer using chicken.

By the way, this is going to be the year of the dog.

You know what that means.

Strata Hacker
Guest
Strata Hacker

KFC Yum brands one of the biggest sell outs to sinocorruption. Boycott them for the good of our civilization.

history
Guest
history

Our corpirate brands are chuck full of hidden esoteric meaning designed to manipulate us. Pointing this out is the purpose of the thread. I started the thread with Effect, and responded with Cause. Enjoy your home made chicken.

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

Duzh this mean I should short “White Spot”?

No political assuations….this blog is all about ME…Moiself ……MOI……bwahahahahahh
(…………………oops VISION and NDP hacked this sacred site…maybe also Andre$ $eavers web site)

PS….power of this blog is tell First Nations they should stake a claim on West Georgia “White Spot” site sold for approx. $250 MILLION……talk about a pirate pack.

….democracy = “though shalt walk the plank”..vs….Libtards may try to cash- in HOLLOW PROMISE coupons.

Abdul Lahazi
Guest
Abdul Lahazi

RBC, TD raise fixed five-year mortgage rate:

https://globalnews.ca/news/3961861/rbc-td-five-year-fixed-mortgage-rate/

>>> up-up-up. Oh my … this wasn’t supposed to happen.

Doomcouver
Guest
Doomcouver

It’s a little weird they didn’t wait for the rate announcement first. Some of the banker insiders must be getting a little punchy about Canadian’s ability to service their debt in a rising rate environment. Maybe they’re hoping if their borrowers default first then they can loot the CMHC before their coffers are empty. If I was a banker that’s what I would be doing now.

Shut It Down Already
Guest
Shut It Down Already

Fixed mortgage rates aren’t set by the Bank of Canada, but by the bond market. So not weird at all.

Bag it and tag it
Member
Bag it and tag it

The change the variable rate after the BoC changes rates…the 5 year is determined by the bond market.

Strata Hacker
Guest
Strata Hacker

CMHC coffers are full because defaults are almost nonexistent in Canada. More ill thought out bs from you.

paulb
Member
Active Member

New
94
Price Change
27
Sold
54
TI:6903

http://www.clivestevepaul.com

Indicator
Guest
Indicator

My wife works a at higher end dt Vancouver restaurant last 10yrs…. never before has she been called to stay home due to lack of business, today was the 3 rd day this month she got the call, things are dead out there. People are tapped out . Rates on the rise will hurt many

Doomcouver
Guest
Doomcouver

They were tapped out after 2008, now we’re hitting the point where the banks aren’t going to lend them anymore money. Everyone will soon learn it’s a systemic risk having a historically elevated percentage of GDP in housing. When the credit market turns rotten, unemployment will be through the roof. The BoC is going to crap themselves when a deflationary spiral starts to kick in.

Bestplaceonearth
Guest
Bestplaceonearth

It’s the end of the world all over again to the naysayers. Go hide!

Doomcouver
Guest
Doomcouver

Hiding is the last thing people should be doing right now. Paying down debt, locking in interest rates or moving debt to lower rate accounts would be a good start. Reducing real estate as a percentage of your investments would be another good idea. Finally, if you’re still in the work-force in banking, construction, or real estate sales: explore your other career options now while you still have a job. Don’t bury your head in the sand; the best hedge against a housing crash is getting your finances in order ahead of time.

Dave
Member

It’s never a bad idea to improve your skillset no matter what industry you are in. Expand your knowledge by taking online courses at places like Coursera and Udemy.

Strata Hacker
Guest
Strata Hacker

How have your predictions done so far Doom?

Strata Hacker
Guest
Strata Hacker

Paying down debt is the wrong strategy if you believe in inflation and rising rates. DUH.

Dave
Member

It must be a tough time running a restaurant in Vancouver in 2018. Customers are tapped out. It’s hard to find good people to work for you because the City is expensive to live in. Property taxes are going through the roof. Seems like a terrible business to be in right now.

Abdul Lahazi
Guest
Abdul Lahazi

Keg in Burnaby was packed when I was there last week.

Bag it and tag it
Member
Bag it and tag it

New Years Eve?

Shut It Down Already
Guest
Shut It Down Already

Living the dream at the Burnaby Keg.

Best place on meth
Member
Best place on meth

Again, putting people down for what?

Because they had dinner at the Keg?

What a fucking asshole you are, you should take a long, hard look at yourself in the mirror and figure out how you became such a dirtbag.

This is what the left has become in a few short years.

Strata Hacker
Guest
Strata Hacker

SIDA hates Keg cause no dog meat on the menu.

Whistler or bust?
Guest
Whistler or bust?

Resturants are full

Dr. Phill
Guest
Dr. Phill

Weird that tourists would need to eat somewhere.

Abdul Lahazi
Guest
Abdul Lahazi

Toronto-area mall one of world’s most notorious sources of counterfeit goods: U.S.

http://www.news1130.com/2018/01/12/toronto-area-mall-one-of-worlds-most-notorious-sources-of-counterfeit-goods-u-s/

MARKHAM, Ont. – A U.S. government report says a Toronto-area mall is among the most notorious sources of pirated and counterfeit goods in the world. Pacific Mall, a predominantly Chinese-Canadian shopping centre in Markham, Ont., is one of 18 brick-and-mortar locations and 25 online retailers named by the U.S. Office of the Trade Representative in its annual review of so-called “notorious markets.”

>>> so it takes the USA to call us out about the chineeze immigrants who are once again behaving badly in their host country. The locust invasion is a disgrace to Canada and should be stopped now.

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

For terms of reference..

I may be wrong…(probability= highly unlikely)
…….this ad nauseum “cultural identifier” may have been subliminally exposed in a Monty Python skit while on PBS.
4-D glasses may be req’d.

if not……. then certainly via Benny Hill via Mr. Chow Mein skit !

kabloona
Member
kabloona

Pacific Mall and counterfeiting…..?

😀

As someone who used to live down the street from Pacific Mall, believe me – that’s not news…..

Doomcouver
Guest
Doomcouver

You’re saying Chinese make more counterfeit goods than other cultures? Unbelievable……

kabloona
Member
kabloona

I never checked out the perfume products, but every DVD for sale there was bootleg… right out in the open. Not even hidden behind the counter like most scofflaws…..

😉

They got raided regularly by the cops, but the next day the inventory was back out for sale….cost of doing business.

😀

kabloona
Member
kabloona

“Vancouver’s housing crisis priced Gregor Robertson out of bidding for mayor” – Gary Mason – Globe and Mail – Jan 11 2017

https://www.theglobeandmail.com/opinion/vancouvers-housing-crisis-priced-gregor-robertson-out-of-bidding-for-mayor/article37570556/

“…This was his city, after all. He was the one who, in the opinion of many, was far too cozy with developers. He was the one who, initially anyway, resented any suggestion that it was offshore Chinese buyers who were bidding up the cost of homes and creating an upward-spiral effect on prices across the region. When he lamented in a speech that the city was in danger of losing its soul, those listening couldn’t help but shake their heads in disbelief….”

😉

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

Anyone who thinks ANY politician is not beholden to developers is very VERY naive.

Glegol’s red herring was bike lanes and shipping containers…either way the city was gutted and hollowed out.
COV= It’s done…over..toast….point of no return for locals(not locusts).

…….Leftards wasted 10 years of displaced hope on VISION and this Justin Trudeau doppelganger.

Best place on meth
Member
Best place on meth

I’m still trying to come to grips with the notion that Haiti and most African countries are shitholes.

Could this possibly be true?

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

Possibly…..
…Was Dianne Watt their mayor ?

Doomcouver
Guest
Doomcouver

They are objectively shitholes. But the President of America doesn’t need to blurt it out in official meetings like someone with Tourettes. Trump is a colossal buffoon and is irreparably damaging the status of the Presidency with his low-class, childish behavior. He is also a walking illustration of how broken America’s political system is. People can bash Trudeau all they like, but he knows what diplomacy means; I’m not even sure Trump can spell “diplomacy”.

Best place on meth
Member
Best place on meth

So you’re saying that Trump should be fake like all other politicians and not tell the truth.

By the way, this was a private meeting where some asshole democrat went crying to the media.

It wasn’t an official statement.

Doomcouver
Guest
Doomcouver

Being honest and impolite are two different things. He could have easily been honest but polite by saying “We want to place more emphasis on getting immigrants from wealthier nations to come to America.” , or “Immigrants from poor nations cost the American taxpayer too much money, and we want to put a stop to it.” . Instead he decided to be an asshole, just like he always is, and resorted to petty name-calling. He’s the least equipped to be President of any President before him and it shows in his complete lack of tact or diplomacy. It’s a national embarrassment.

Shut It Down Already
Guest
Shut It Down Already

The unemployable bigots are feeling empowered, unfortunately.

You only have to look at the lame Puerto Rico response to see what he really thinks.

Best place on meth
Member
Best place on meth

Puerto Rico is another shithole, it was a disaster long before the hurricane and wasn’t worth saving.

And what kind of retard call everyone they disagree with as “unemployable”?

What the fuck do you know about anyone’s employability or employment status? You’re obsessed with this particular childish insult.

“This guy is unemployable, that guy is unemployable”.

What an asshole you are.

Shut It Down Already
Guest
Shut It Down Already

Traitor!

YVR
Guest
YVR

“By the way, this was a private meeting where some asshole democrat went crying to the media.”

On the other hand we have the other presidential candidate calling half of American voters deplorable in a public speech and all is good. As long as it is mostly white people you insult no problem.

patriotz
Member

“calling half of American voters deplorable”

Half of Republican voters actually, which is less than a quarter of all voters.

YVR
Guest
YVR

Good point. And Trump only called a few countries shitholes so both are irrelevant.

Bag it and tag it
Member
Bag it and tag it

That would really suck if some of these shithole countries were the like of former Eastern Bloc countries in the late 80’s…then the media wouldn’t get to use their favourite word ‘racist’..what would they do without that word??

patriotz
Member

The president of the day, Ronald Reagan, did not use offensive language to describe the East Bloc countries or their people, making it clear that the enemy was the Communist system. He was also an advocate of freer immigration from those countries to the US. As well he approved a general amnesty for illegal immigrants to the US, mostly from Latin America.

Best place on meth
Member
Best place on meth

You have no idea what Reagan said in private meetings, which is what this was until some lowlife democrat went crying to the media.

YVR
Guest
YVR

This is really the difference. In the past nobody ran to the press trying to make the president look bad on style in private. They actually debated policy. The democrats have no ideas so trash politics is all they have. Didn’t work for Hillary. You would think they would have learned.

Best place on meth
Member
Best place on meth

You’ll appreciate this.

https://www.city-journal.org/html/crudeness-and-truth-15668.html

Nothing scandalizes a leftist like the truth. Point out that women and men are different, that black Americans commit a disproportionate amount of violent crime, that most terrorist acts are committed by Muslims, and the Left leaps to its collective feet in openmouthed shock, like Margaret Dumont after a Groucho Marx wisecrack. This is racism! This is sexism! This is some sort of phobia! I’m shocked, shocked to find facts being spoken in polite company!

No one is really shocked, of course. This is simply a form of bullying. The Left has co-opted our good manners and our good will in order to silence our opposition to their bad policies. The idea is to make it seem impolite and immoral to mention the obvious.

Strata Hacker
Guest
Strata Hacker

So true. The left and sinoman are enemies of truth.

patriotz
Member

“You have no idea what Reagan said in private meetings”

Well that’s kind of the point isn’t it. He had enough sense to understand that no meeting with members of the other party can be considered private.

Best place on meth
Member
Best place on meth

No, the point is that even politicians used to have at least a tiny bit of decency but that is completely gone now, these hyper-partisan whores have absolutely none.

The democrats have even surpassed the republicans in vileness, something I never thought I’d see happen. That shithead Obama didn’t retire and neither did Hillary, they’re both lurking in the shadows pulling strings and causing as much trouble as they can because they’d rather bring down the US than let a Trump presidency succeed.

So a closed door meeting results in whiny bitch Durbin squealing to WaPo about what Trump said, like a little kindergartener.

The left has morphed into something truly evil.

Shut It Down Already
Guest
Shut It Down Already

Even Bush speaks out against Trump, dumbass.

It’s also hilarious that you think you hold the moral high ground. You’re an irrelevant bigot.

Best place on meth
Member
Best place on meth

Of course he does, Bush is part of the globalist trash which includes both parties.

He’s also the guy who lied about WMD, illegally invaded Iraq, murdered millions of people and destroyed the country.

He’s a fucking loser who you hold up as some sort of decent person while bleating about “moral high ground” which you know nothing about, race-baiter.

What a fucking asshole.

YVR
Guest
YVR

“Even Bush speaks out against Trump,”

I wonder why? Could it have something to do with Trump humiliating Jeb in the primaries? Jeb would probably be president right now if not for Trump.

Best place on meth
Member
Best place on meth

“How dare this uncouth, loud-mouthed usurper get in the way of my brothers coronation!”

The anger was identical from Bill the rapist on the other side.

Clintons, Bushes….scum, all of them. These sellouts all deserve to hang.

patriotz
Member

Vaughn Palmer: Horgan preaches pragmatism after favourable Site C poll

“Site C: By a margin of two to one, B.C. residents say province made the right call to finish dam project,” as the headline on a release from the Angus Reid Institute put it Friday

What does this have to do with housing? Horgan has shown he’s willing to tell the ideologues and other usual suspects to take a hike. I think anyone expecting to see a “politically correct” approach to housing in the budget will be disappointed.

history
Guest
history

Sniveller Service can be reduced 50% and we wouldnt miss them. Start with Health care and Education dept. Bullshit jobs roost here.

But we wont see this because its a WELFARE program for these people who invariably have Heloc their existence.

They need FASCIST politics to contine the game, including MegaProjects like SiteC, that is a funnel for Immigration ponzi scams.

Site C is a Wildly successful program to date, because of the Massive cost increase that have gone into Fascist pockets.

YVR
Guest
YVR

What exactly is a “politically correct” approach to housing?

patriotz
Member

Oh, stuff like “playing the race card” and getting rid of the FBT, and only building housing for the homeless and the poor. Heard anyone say they expect that?

YVR
Guest
YVR

In other words you are predicting the NDP are going to break all their election promises on housing and not do anything to address it in the budget. You must be a partisan Liberal to make such a prediction.

YVR
Guest
YVR

‘By a margin of two to one, B.C. residents say province made the right call to finish dam project”

Not sure that poll will help the NDP with actual votes. Of the 1/3 that does not agree with the decision how many voted NDP and will now switch to Green next election? Lots. Of the 2/3 that agree and did not vote NDP I doubt any of them are going to flip to the NDP because of this.

Whistler or bust?
Guest
Whistler or bust?

How much money did the NDP waste studying Site C to end up simply doing what the public (and the Liberals) wanted?

patriotz
Member

If the public was so big on having Site C proceed without evaluation, I think they would have given the Liberals more than 40% of the vote.

Abdul Lahazi
Guest
Abdul Lahazi

Rally against proposed Coyote Creek development planned in Surrey:

http://www.news1130.com/2018/01/13/rally-proposed-coyote-creek-development-planned-surrey/

>>> more NIMBYism

YVR
Guest
YVR

If you had a house that overlooked a golf course which was going to be converted to townhouses I think you would complain too.

Abdul Lahazi
Guest
Abdul Lahazi

Golf courses are a waste of prime land that could be used for housing. And anyways the golf course here is old and not used too much anymore and it’s not moving, just getting smaller. These people and you should just STFU.

YVR
Guest
YVR

Actually I am not opposed to it. I am more than happy to see more townhouses go in. Just saying most people who live next to a golf course are going to freak out if they convert it to housing. You sound like a fool.

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

Re: Golf…..

The irony is that GOLF may suffer from decline in interest, much of it due to the cost and that younger generations have other interests.

This will be a major parameter for the economy…bet on it.

Whistler or bust?
Guest
Whistler or bust?

Says who? In a capitalist free society people are free to use land as they see fit. If zoning allows for a golf course, someone is allowed to build it. Not every inch of land should be used for housing.

Full disclourse – I HATE golf!

Just me
Guest
Just me

Everyone with an interest in housing affordability in B.C. — which is to say, quite a few people — is keenly awaiting next month’s provincial budget.

http://vancouversun.com/news/local-news/dan-fumano-all-sides-of-affordability-debate-await-next-months-provincial-budget

Just me
Guest
Just me
Last year, dozens of Vancouver economists threw support behind variations of a proposal to dramatically increase property taxes, but exempt owners who pay income tax in Canada (or those, such as the retired, who have paid in the past). UBC economists say such a tax would generate tens of millions in revenue to benefit people who live in B.C. at the expense of wealthy offshore investors. For one example of a B.C. homeowner who’d pay more tax under such a system, consider the case of Guoqing Fu, covered by Vancouver Sun legal columnist Ian Mulgrew this week. Fu and his family landed in B.C. Supreme Court because of a dispute involving three Vancouver houses they purchased, worth a combined $8 million. According to Justice Susan Griffin’s judgment last week, Fu reported to Canadian authorities on his Canadian income tax return… Read more »
Just me
Guest
Just me

His “minuscule” reported worldwide income, Griffin said, was “an incredible assertion given the fact he owns one of the top 10 textile manufacturing and distribution companies based in one of the biggest textile manufacturing centres of China.”

This week, when Vancouver Mayor Gregor Robertson announced his current term would be his last, Yan commented the housing crisis had sunk its second government, after last year’s B.C. Liberals were seen as slow to respond to a housing crisis.

Just me
Guest
Just me

It may not be a coincidence that some of the urban and suburban ridings hardest hit by the housing crisis swung to the NDP last year. If just a couple more Metro Vancouver ridings went in the Liberals’ favour, the NDP would have never had a chance of forming a government.

The B.C. NDP supported the property surtax on the campaign trail last year, promising a two per cent surcharge for property owners who don’t pay tax in Canada on global incomes.

Next month’s budget is a chance to see if the NDP’s big talk on housing is matched with big moves.

Just me
Guest
Just me

The BC housing affordability fund.

http://www.housingaffordability.org

Just me
Guest
Just me

Rich Russians needing an exit strategy turn to Malta, where citizenship is for sale

With more western sanctions on horizon, Russian investors seek haven for families and a place for their money

http://www.cbc.ca/news/world/russians-malta-oligarchs-rich-citizenship-1.4483144

It is a global phenomenon. Societies have to stop this.

Just me
Guest
Just me

“Hedging risk
“They would like to find a quiet haven for their families and relatives, and buying a second passport is a chance to hedge their personal risk,” said Ilya Shumanov, the Russian head of Transparency International, a European group that tracks the international flow of capital.”

Sounds familiar?

Abdul Lahazi
Guest
Abdul Lahazi

Instead of making their own country better, they run away.

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

Exactly….
They exploit their homeland then run away….Then we let them in to buy up our once sovereign nation.

This was the disaster in the making after Expo 86….they allowed the first wave of HAM to buy up property as opposed to what allegedly was the plan of creating jobs via other investments.

Whistler or bust?
Guest
Whistler or bust?

Actually I think you would be quite happy in the Russia of 30 years ago. The state would provide you a home and evil sprculators would be barred.

YVR
Guest
YVR

“Sounds familiar?”

Not really. Malta charges $1.2M as a cash payment for citizenship. In Canada it is pretty much free. Even with the investor immigrant program it was only a 5 year interest free loan to the government. That is equivalent to charging about 1% to 2% of what Malta is charging.

history
Guest
history

Russians are awesome people. We need more of them in Canada. We should look into swapping our Gays in the Service, replace them with Russians. They are really good at manipulation and goofing around, and can show the tired Service a trick or two. The Americans did it wh ith the NSA, bringing in the Propaganda Experts to consult. Why is our Gay servants so worried about Russians? Is it because they breed?

Bag it and tag it
Member
Bag it and tag it

WTF?

history
Guest
history

It’s called fighting fire with fire. It’s time to call out the Queers collecting Snivel Service paychecks. THEY are compromised.

Shut It Down Already
Guest
Shut It Down Already

Admin must be real proud of this cesspool he created.

Best place on meth
Member
Best place on meth

Don’t like it? Fuck off and leave.

But no, you never leave just like whoracle.

You just bitch and moan but keep hanging around being a prick to everyone.

What an asshole.

Shut It Down Already
Guest
Shut It Down Already

The alpha douchebag is playing there victim? Incredible.

Just me
Guest
Just me

It would be great to see you go, finally. You add no real content to the discussion. Your time is spent accusing most other posters of racism.
Contribute something for once, you might feel like a better person.

Shut It Down Already
Guest
Shut It Down Already

Does defending racists make you feel like the better person?

Whistler or bust?
Guest
Whistler or bust?

history please go to the many white genocide sites. Your posts are mostly non-sensical and provide nothing to the site.

Strata Hacker
Guest
Strata Hacker

Don’t pick on homeless people,SIDA. We don’t like that in our country.

Diadora
Guest
Diadora

WOW!! 5 Toronto Condo projects on sale … in Hong Kong!
Who are we really building supply for? Not for Canadians!

Boombust
Guest
Boombust

Cheaper to place a few ads than hiring “sister actors” pretending to buy Vancouver condo units, paying for people to line up at pre-sales or to hire a helicopter to fly phony “investors” around White Rock like they have done here.

When are you going to wake up to RE industry tricks that are designed to spook locals into buying?

southseacompany
Member
southseacompany
“The ‘everything bubble’ could pop in 2018”, news.com.aus http://www.news.com.au/finance/economy/world-economy/the-everything-bubble-could-pop-in-2018/news-story/9a856139ff80a0a678c6c6fc2b98d2b4 “All around the world assets have been rising with a beautiful synchronicity. The US stock markets are booming. Meanwhile, Australia has seen east coast house prices go crazy. We are not alone. A simple home can cost well over a million dollars now in cities across New Zealand, Canada, Sweden and San Francisco. The global bond market is worth around $80 trillion, 10 times more than all the land and buildings in Australia put together.” “The problem with loose monetary policy is that while it is supposed to make people do productive things like start a new company, it has a side effect of making them buy assets at crazy prices. If the everything bubble pops, it may turn out that the cure for the global financial crisis is what caused… Read more »
Just me
Guest
Just me

Have we scapegoated Mayor Gregor Robertson on housing? (Another great piece by D. Todd, he is on a roll!)

http://vancouversun.com/news/staff-blogs/have-we-skapegoated-mayor-gregor-robertson-on-housing

Following Robertson’s announcement Wednesday that he would not seek another term in office, Globe columnist Gary Mason also said Robertson “would have gone into the next civic vote dogged by the one issue that will cast a long and ominous shadow over his record: housing.”

There’s some truth to these criticisms. But sometimes I think the public, and the media, put too much of a spotlight on the mayor of Vancouver. Why have we let so many other municipal politicians off the hook?

Just me
Guest
Just me

With his high profile and longevity in office, Robertson has come to symbolize political inaction on housing, as well as denialism — including with his 2015 accusation that an Andy Yan study about foreign capital had “racist tones.” (That red herring echoed the tactics of real-estate industry officials.)

But despite his lack of overall effectiveness, Robertson, and Vision, have probably done more to at least try to address the housing issue than most municipal politicians in Metro Vancouver. There is a great deal of blame to go around.

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

10 years of Gregor and Vision…..kissing developers asses thus catering to HAM…or vice versa…

Rezoning REAL job creating commercial areas, killing off small business…in essence leading the charge in the conversion of Metro Vancouver into the world’s largest Potemkin Village.

IMHO, Vision had golden opportunity but blew it= they will go down as the architects of this disaster by virtue of this.
F*ck em…..

Strata Hacker
Guest
Strata Hacker

Men like Robertson are why the white race is dying.

Just me
Guest
Just me

I’m not aware of any substantial remarks about the contribution of foreign capital to the local housing crisis from Richmond Mayor Malcolm Brodie, Burnaby Mayor Derek Corrigan, Coquitlam Mayor Richard Stewart or Surrey Mayor Linda Hepner, to name a few influential politicians.

This is not to mention the silence coming from most of the more than 100 city councillors throughout Metro Vancouver — with rare exceptions, such as Richmond’s Harold Steves and West Vancouver’s Craig Cameron and Mary-Ann Booth.

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

Steves is a FRAUD…..a hypocrite…needs to be EXPOSED.

..shows how stupid and f*cking gullible the General Public is with ” Their hero….Mr . ALR”
The ALR is a SCAM and a major reason we are in this affordable housing mess.

The ALR has nothing to do with Food Security…it is a LAND BANK…PERIOD

Just me
Guest
Just me

This post is a call to readers to direct me and the rest of us to any comments that municipal politicians have made over the past few years that reveal they were clearly taking a stand for local residents over foreign capital.

(For now I’m focussing on the public record of municipal politicians, not provincial or federal ones, even though they have much more power in regards to housing and related policy. The federal Liberals under Justin Trudeau have been lacklustre on housing, to say the least. The B.C. Liberals were a disaster, and the jury is out on the B.C. NDP.)

Just me
Guest
Just me

All in all, Robertson was not unique among local politicians in downplaying the dangers of foreign capital in his earlier years in office. In Hong Kong in 2013 he said wealthy Chinese were not helping drive up prices in Vancouver.

He began to speak out by 2015, when he asked former premier Christy Clark to do something about “unwarranted speculation” by “the world’s wealthiest citizens” in Vancouver real estate. In response Clark threw cold water on the mayor’s plea to curb offshore speculation, suggesting it wasn’t significant.

Robertson also boldly acknowledged the problem to The Sun’s Dan Fumano in November when he said foreign capital had hit the city of Vancouver “like a ton of bricks.”

Bag it and tag it
Member
Bag it and tag it

“he began to speak out by 2015″…wasn’t that a short time after he sold him home and started renting? hmmmm

realist
Member
realist

“It is difficult to get a man to understand something, when his salary depends on his not understanding it”, so said Upton Sinclair. Many regular folk, for one reason or many, are not well informed. But that the Mayor of Vancouver and the Premier of BC did not understand the role of foreign investment in driving up Vancouver’s RE market is absurd, and is accounted for by either idiocy or mendacity, take your pick – I choose mendacity as neither is sufficiently stupid for the former.

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

We in Metro Vancouver have had 30 + years of undeniable irrefutable A$IAN investment……and furthermore without question the main driver of prices.

Are we to ad -nauseum tolerate a litany of politicians past, present and future who will refute the obvious ?
Its a simple case of cause and effect.

Any solution starts with admitting the obvious.

Abdul Lahazi
Guest
Abdul Lahazi

Politicians won’t refute Asian investment because they want it. They know we wouldn’t have the economic growth without it, but we would have a nicer city.

Best place on meth
Member
Best place on meth

We’d still have economic growth, a much better kind because we’d be focusing on developing a real economy rather than lazily depending on vermin from china to pump up the scummy real estate industry.

Just me
Guest
Just me

True. The system would be more stable, and would generate genuine economic well-being for people who go to work on Monday mornings.
Something that cannot be said of the current state of affairs.

You can get two decent jobs and still struggle. While rich Chinese families keep accumulating land and homes.

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

That’s why the NDP and VISION are doomed to fail.
They will not admit the obvious..but simply be in denial as they kick the can down the road.

Most of their measures are simply palliative. …the patient is terminal…..”cures” such as foreign buyers tax and vacancy tax were designed to fail and maintain the status quo. They have run out of ideas and the general public has lost its patience. Not saying NDP and VISION is to blame for the mess per se….but they are simply taking up space in their traditional role as protest vote option “while Rome burns”.

Lets be BLUNT…..we are D-O-N-E in the big picture…only the smart will survive when, not if, SHTF….time to decide one’s position moving forward.

Shut It Down Already
Guest
Shut It Down Already

“Without question” except by the reliably-sourced data which refutes it, of course.

Just me
Guest
Just me

You should read what the people at Stats Canada have been saying about their recently released data. Perhaps you might finally understand something useful.

Shut It Down Already
Guest
Shut It Down Already

None of it agrees with you or radically changes the overall interpretation of the data. Stop being so dishonest.

history
Guest
history

They cant do much, there is a gang of Hedonic women standing behind them stripping mortgages into Helocs. Hell bent on getting fertiluty rates to Zero, and moving the immigration rates to Fascist economy nirvana.

realist
Member
realist

Your points are not unfounded. We hardly ever mention on this blog the role of dual income families in escalating residential RE prices. A highly remarkable social change has occurred over only 50 years – the migration of women into paid employment, thus bolstering economic output, while divorcing them from motherhood (and most of their male consorts at the same time).

history
Guest
history

We have talked a bit about gender in the housing punch, but it’s not a favorite flavour around here. Denial. And right up their with Velocity of Refinancing. Heloc addiction gets fair play tho.

Buying a House is an Emotional driven response. Emotion is a quality that women have over men.

BF Skinner type behavioural science has much to do with nose bleed house prices because, well, women just gotta have a fuken house. Watch what happens when they dump the house and move en masse into CamperVans.

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

See Aaron Russo’s YOUTUBE video

He got to be chummy with Jay Rockefeller, who asked Russo what he thought the Women’s movement was about..

Russo replied equality…and Rockefeller stated he was an idiot…it was all about getting women out of the home(destroy family) so they could also be taxed…aka 2 incomes = more tax.

In theory , a mortgage could have been paid down faster, but the opposite occurred…prices shot up…..inflation out of control….all by design.

history
Guest
history

Good post +1

https://www.counterpunch.org/2018/01/08/the-new-gilded-age-first-time-arrogance-the-second-time-vengeance/

The chicks went wild and soceity couldnt create enough bullshit jobs for them to keep Jay happy.

So they created Housing as Currency to truly wreck havoc on those bad old men.

Vengeance is Mine, they cried!! Now look at me on my Caribbean holiday with a thong up my crack!

Whistler or bust?
Guest
Whistler or bust?

White genocide is looking for new members.

Please go away

ostritch
Member
ostritch

Let’s not get too excited. San Fran has been ahead of us by about 18 mos – 2 years. First they had an incredible run up in prices and rents; developers starting adding record units, and about a year ago those units starred to add to inventory. They are only down by about 10%. More on new units in unestablished areas but still good places are insanely high.

The process of slowing the market was much slower than the run up in prices and rents.
First they slipped but only slightly.
http://www.socketsite.com/archives/2017/11/bay-area-home-sales-take-a-hit-down-over-30-percent-in-san-francisco.html

Now recovering. Unbelievably flatlining instead of Collapsing.

http://www.socketsite.com/archives/2017/12/median-bay-area-home-sale-price-hits-an-all-time-high-sales-slip.html

Boombust
Guest
Boombust

SF experienced that major collapse back about 10 years ago; they are just NOW coming back. We on the other hand…

Just me
Guest
Just me

Prices in SF are way past their old peak. Especially in the really good areas.
The boom is ongoing.

If you don’t mind a bit of crime, you might still find some deals.

Doomcouver
Guest
Doomcouver

The American Federal Reserve successfully re-inflated the housing bubble by crashing interest rates post-2008. SF is a part of this price action and will likely see another massive crash when rates rise again.

ostritch
Member
ostritch

SF and now Seattle suffer from a double whammy, tech + locusts. Double locust whammies as they both devour everything they see. Every space, every job, every one.

ostritch
Member
ostritch

I’m sorry. You are incorrect. With the greatest collapse in prices, central SF corrected only 10% or less. Flatlined until about 2011. And then skyrocketed partially due to the rebound in tech jobs; partially from global investment.

Burnabonian
Guest
Burnabonian

SF has a trillion dollars in companies at least.

Vancouver has really good Pho.

Not comparable.

Just me
Guest
Just me

A great comment about Robertson on the Van Sun. Worth sharing:

“an who is ethnically chinese and who’s parents paid the Chinese head tax. As the Municipal leader of Vancouver he had the opportunity to stand up to the flood of foreign cash and call it out… His being complicit made it easier for BC Liberals to also continue with the corruption and money laundering that has driven offshore purchases of local real estate.

All it needed was one politiciation at Federal, Provincial or Municipal level to make a stand. None did. Harper got turfed, Christy got turfed, and Gregor would have been turfed if he had not in essence fallen on his sword.”

Just me
Guest
Just me

Continued.

“The populace has rejected the lies of the Real Estate Cartel and politicians on the take. (That its racist to limit offshore capital in residential real estate, that supply will fix the problem . . . . etc) Any politician that perpetuates these lies will be turfed by the electorate. The electorate is rightfully pissed at the pathetic inaction and will continue to toss any government that does nothing meaningful. That will include the NDP if they choose to soft pedal on this issue.

Bravo Andrew Weaver for making a stand. The BC Liberals will learn the hard way if Sam Sullivan’s Real Estate Cartel friendly pitch sees him become their leader.“
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