Open Topic

Friday Free-for-all! Feb 9th 2018

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311 Comments

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 an open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

–Green party calls for speculator and flipping tax
–AirBnb tax deal
–Will BC close bare trust loophole?
–The epicenter of scams
–empty home tax windfall
–Mortgage rates going up
–

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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Best place on meth

Happy Family Day, especially to those families now living in 4 wheeled homes due to the locust invasion.

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Name

we don’t need the pipeline we have asians buying real estate.

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KickThemOut

BIS Publishes A “Simplified” Map Of China’s Shadow Banking System
https://www.zerohedge.com/news/2018-02-12/bis-publishes-simplified-map-chinas-shadow-banking-system

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Lost,... but not leased

Seems the fate of the world’s economy is tied to a Communist Country which dispatches foreign locusts to colonize and ultimately conquer once sovereign nation states .

We really have no clue how their banking system works..for all we know is we have something on par with Wizard of Oz meets ponzi scheme. The extreme lack of transparency should be concerning,

The 2008 crash was based on banksters gorging on debt, kicking the can down the road and camouflaging their numerous debt packaging scams. In all probability , after 2008it appears they simply took the same game to China.

2008 will look like a tea party when Sino SHTF.

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YVR

What will the Keg waiter do if this happens? Horgan has no clue what he is doing.

Alex Macdonald, once the top aide to the late Alberta Liberal leader Laurence Decore, has an idea that could make B.C. Premier John Horgan collapse in a faint. Oilsands companies, Macdonald says, should stop buying supplies and services from firms in British Columbia. There are 738 such suppliers in B.C. They bill oilsands outfits for $1.3 billion a year, according to figures updated to early 2017 by the Canadian Association of Petroleum Producers.

http://calgaryherald.com/news/politics/braid-wine-is-fine-but-this-boycott-would-really-jolt-horgan

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bullwhip29

and then alternate suppliers jack up prices and round and round the merry-go-round we go…

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Lost,... but not leased

Politics aside…I highly doubt this pipeline would be an issue if BC was an inland Province, as opposed to a coastal one.
We do have valid concerns re Oil spills……as tanker traffic will increase and with it higher odds of problems.

Alberta Premier Notley appears to be desperate for votes, so likely posturing…. like she has” a set”. She looks very foolish starting a pissing match., with tit- for- tat retaliation. Alberta economy is generally one horse industry…and they are tied way too much to the Oil Sands.

Overall, Alberta has little if any bargaining power..they need BC Ports……Notley may end up having to kiss Horgan’s ass.

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YVR

Horgan makes more enemies across Canada.

“Scott Moe accuses B.C. of putting hundreds of Regina jobs at risk in Trans Mountain dispute”

http://www.cbc.ca/news/canada/saskatchewan/scott-moe-trans-mountain-regina-jobs-threatened-1.4528397

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kabloona

Scott who…..?

😀

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bullwhip29

Richmond Chinese society pulls in Polish dancers for New Year act
http://www.richmond-news.com/community/richmond-chinese-society-pulls-in-polish-dancers-for-new-year-act-1.23168652

“Every year, if we have the same thing, all Chinese, it might get a little boring. At RCCS, we want to be very inclusive.”

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Name

it’s because they know the backlash is growing.

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ostritch

I voted you up for that 🙂

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bullwhip29

Mapping shadow banking in China
https://www.bis.org/publ/work701.pdf

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bullwhip29

Northeast False Creek plan critics lament loss of Vancouver’s mountain views
http://www.cbc.ca/news/canada/british-columbia/northeast-false-creek-plan-critics-lament-loss-of-vancouver-s-mountain-views-1.4529677

>>> i was wondering how long it would take for this debate to really heat up. i am also curious as whether or not the Melody Ma’s and Clive Bottomley’s mentioned in the article are mostly concerned about losing the view from their own condos and the resulting decrease in property value.

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bullwhip29

Aecon takeover by Chinese firm delayed for national security review
http://www.cbc.ca/news/business/aecon-ccci-national-security-review-1.4531277

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Dyugle

The NDP can act on housing in two ways. Direct policy to bring it down or incompetence to create a recession. So far I am disappointed in their policy on housing. However, they have caused all sorts of uncertainty which is starting to dry up investment in the province. Trade war, LNG, housing policy rumours, Kinder Morgan, site C, tunnel replacement, ICBC, bridge tolls, road tolls, and even modular housing. Controversy everywhere you look. Any investor would see this government as openly hostile towards business investment. So they are batting 50%.

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YVR

You are correct the NDP will eventually collapse housing unintentionally under their own incompetence. A lot of people will be hurt in the mean time as they try to do their best to bring in more newcomers (Chinese investors) and pump this bubble higher. Unfortunately they will kill off most other viable BC industries in the process and the BC tax payer will hold the bag when the credit unions go bust. This will leave most potential buyers around here in worse shape. The only good that will come of this is the NDP will be out for another 4 terms.

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Oracle

8 days to go….

You are correct. No way these cons last more than this term. Damage is done other for another 2 decades.

NDP are putting higher taxes on workers while giving those that don’t declare global income freebies: MSP, now pharmacare, soon BC Hydro bills.

All while pumping housing.

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bullwhip29

the owners that can’t weather the next few yrs of uncertainty will get lost in the shuffle. my guess is that as it becomes clearer that the NDP’s days are numbered, the fast money will be back in full force either front running new Liberal initiatives (that only friends and family would know about in advance) or simply stepping in to clean up any riff raff that might be on the market as a result of fearful and weak handed sellers sidestepping NDP measures that were supposed to be implemented but never will be.

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xhistory

https://coinmarketcap.com/all/views/all/

There are hundreds and hundreds of virtual coins and tokens.

The harvesting of information at this very forum allows people to earn tokens.. take a look at a few ico’s and you’ll see it ..

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xhistory

http://www.macleans.ca/society/why-macleans-is-asking-men-to-pay-26-more-for-our-latest-issue/#

Promotions aint what they used to be..

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Just me

China’s No. 3 Developer Starts Selling Homes Cheap. What Gives?

https://www.bloomberg.com/news/articles/2018-02-12/china-s-no-3-developer-starts-selling-homes-cheap-what-gives

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Just me

The company may see headwinds for the property market amid local governments’ stringent home-buying curbs and the potential for liquidity to tighten. One analyst’s theory: this is a bid to please a government determined to cool housing prices, ahead of a long-standing plan to list a property unit on the mainland.

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Just me

As a footnote, one of the social media posts advertising the offers said: “Stock investments are not reliable, buying property proves better!”

Falling stocks are something that Evergrande knows about: its shares have tumbled 21 percent in Hong Kong this year after a meteoric rise in 2017.

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Lost,... but not leased

We know that the underpinnings of RE values are dubious at best…for fairly basic reasons..not rocket science.

After 2008 crash…after Quantitative Easing..the scumbags, locusts and the rats who run the stock market simply got caught…nothings changed except they appear to have more intricate layers to hide the rigging and the manipulation.

Some parties think the stock market..as opposed to Real Estate, is run soundly and reflect true value and growth.

IMHO it could unravel any day now and make 2008 look like a tea party. The fact Wall Street scammers like Goldman Sachs etc are not collapsed and/or in jail are warning signs.

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Name

https://globalnews.ca/news/3146628/chinas-500000-food-safety-violations-include-baby-formula-containing-industrial-chemicals/

China’s 500,000 food safety violations include baby formula containing industrial chemicals.

the 5000 year old culture never ceases to amaze me…

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Shut It Down Already

Of course baby formula safety violations would never happen in countries like, say, France.

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Just me

Danone, the French maker, did a voluntary recall. The adulteration was not due to deadly non-organic compound chemicals, like in China.

It’s like comparing night and day. But for you, it is all the same. As usual, you should be ashamed. Defending the idefensible to the bitter end.

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Stan Lee Pak!

Stan Lee Pak!! OK!!

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Shut It Down Already

I’m not defending either, dumbass. You don’t even know the incident to which I’m referring (Lactalis, not Danone). Perhaps you should consider for a moment that your eagerness to ascribe certain behaviours to certain ethnicities is motivated by something more sinister.

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Just me

Nothing sinister at all (apart from your racial baiting, that is).

Lactalis’ recall is not even comparable to what happened in China.
It was a salmonella scandal. It happens in Canada all the time:

https://globalnews.ca/news/3964053/lactalis-baby-milk-products-recall-83-countries/

What happened in China was the addition cheaoer toxic compounds. Sorry, not the same. The Chineße manufacturer were killing almost on purpose. This is the truly sinister thing.

Stop defending the indefensible. You make it look even worse than it already is.

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Lost,... but not leased

China’s 500,001 food safety violation is baby formula is made from real babies..

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Lost,... but not leased

WAM Youtube videos state the worlds first ever FIAT currency originated in China over 1,000 years .

( Note: Fiat currencies always revert to their intrinsic value which is ZERO .)

China…..??….Hard to believe eh…..

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Just me

Canuck star Bo Horvat selling his Yaletown townhouse for $1.9 million

http://vancouversun.com/sports/hockey/nhl/vancouver-canucks/canuck-star-bo-horvat-selling-his-yaletown-townhouse-for-1-9-million

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Just me

The 1,354 square-foot space is listed at $1,898,000, which is an astronomical price tag.

If it’s out of your price range, you can always rent a two-bedroom place, although these days you might need Horvat money for that too. The average rental cost for a two-bedroom apartment is an absurd $3,160 per month. Better start working on your slapshot.

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Shut It Down Already

Shouldn’t be a problem for you at your 50% marginal tax rate, right?

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Just me

I would not touch that place with a stick. The moment we suppress Chinese demand, that place would not be worth half the price.

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bestplaceonearth

It’s not yours to touch anyway, not even in your arrogant dream. Why don’t you try touching that place with a stick! Security guard would jump all over you, thought you try to steal the puck.

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Shut It Down Already

Chinese demand for rentals? That’s not exactly consistent with the nonsense you clowns here spout, is it?

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Just me

As usual, you don’t even understand. I was respondin about buying the place outright.
The Chinese money flows make it overvalued, and undesirable at current prices. The only reason one would buy that place is because they believe they can sell it for more money to Chinese “investors” in a few years.

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Shut It Down Already

That’s right – they bought into the myth. Just like you.

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YVR

“The moment we suppress Chinese demand”

How do “we” plan on doing that with the NDP stating all newcomers welcome, protecting home owners hard earned equity as priority and declaring foreign buyers will not be targeted? Are you just going to try to irritate them away?

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kabloona

Bo Horvat is a “star”….??

On the Canucks, maybe…..

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Shut It Down Already

Yes, that’s what the article said. Well done.

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Bag it and tag it

moving up to a house…not a bad time for it.

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Best place on meth

In a story sure to enrage YVR and that Stanee Pok maggot:

Vancouver unveils Marpole temporary modular housing

http://vancouversun.com/news/local-news/vancouver-unveils-temporary-modular-housing-project-in-kerrisdale

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Lost,... but not leased

Re modular housing…

Probably a trap….
As Oracle mentions or forewarns on a few occassions…we have weaponized passports for foreign locusts, that are not present now, but could swamp our Metro Van shithole en masse at any time.

Like FEMA or Jade Helm..these containers may have an insidious “optional” intent, such as ready made jails for protestors etc. when SHTF…do not put it past them.

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Lost,... but not leased

Another problem re: this modular housing is the more they try to fix homelesness, the more people that will be attracted to come to BC.the classic vicious circle.

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YVR

Modular housing is such an excellent investment and solution to our housing problem. Ask anyone who bought a mobile home. In 5 years they will be mold infested and scrapped. Great long term solution. This is what you get when you have a Keg waiter and a flunky attorney running our province.

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Best place on meth

Flunky attorney?

Funny how you hype up Wilkinson’s lawyer creds but put down Eby’s.

Actually, it’s not funny…..it’s just your typical, mindless hyper-partisan bullshit.

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Just me

Wilkinson only lacks a little stream of blood running down his chin, then he looks like Dracula.
The guy is about making money for himself and his corporate friends. There is not a ounce of honesty in the guy.

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Lost,... but not leased

Yeah..Wilkinson seems to have a lot of baggage.
His leadership win may be based as a dark horse candidate sliding up the middle…aka not a favourite.

He may be a Gordon Campbell clone,as apparently Campbell was a real control freak behind closed doors…..Richmond Center went through 3 MLAs in 3 consecutive elections.

I think he will have a short leash….we’ll soon see what he will be like as Opposition Leader.

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Just me

Wilkinson would reintroduce corporate financing of parties on day one. Until the BC Libs hange their tune, they will remain unelectable.

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YVR

Actually the BC Liberals were the first ones to introduce the ban on large donations. The NPD shot it down then did a tax payer funded version which broke their election promise.

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YVR

Eby never had a real job.

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YVR

“A new modular housing project in Marpole will soon house 78 people over the age of 45”

Wow 78 people. That is a huge accomplishment. The only thing the NDP have done on housing. Anyone have their name on the list for a closet in one of these shipping containers?

http://www.news1130.com/2018/02/10/vancouver-modular-housing-project-just-move-ready/

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patriotz

Well, back in December you were saying it wouldn’t happen.

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.

http://vancouvercondo.info/2017/12/friday-free-for-all-december-8th-2017.html

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Name

YVR and oracle are constantly spewing false predictions based on their flawed ideologies.

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Lost,... but not leased

Secret identity = NDPers.???

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Lost,... but not leased

My God patriotz ..what a database !!!!

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YVR

More Patriditz fake news. I didn’t say it wouldn’t happen. That is your statement. I said it was going to court. I said it is a failed initiative which it is.

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patriotz

” I didn’t say it wouldn’t happen. That is your statement. I said it was going to court.” And…

As disgusting as these particular “protesters” are, they will win this court battle.

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Oracle

9 days left until day of reckoning….

And I don’t want to hear from anyone here that they will act in the fall after the referendum. Because they won’t. They can just put Green platform in place NOW if they wanted to.

In any case, we will know within 9 days.

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Harry Wang

“No Foreigners”: A play explores nostalgia in Chinese malls in Richmond

The title comes from the playwright’s personal experience in Aberdeen Centre

“We were checking out all the stores, then there was a store … It has all kinds of handbags on the window, and there was a sign saying ‘members only,’” recalled Yee.

“I pretended to be a rich business guy and said to a woman there, ‘I just moved to Richmond and I would like to get a membership.’

“She looked me up and down and said, ‘sorry, no foreigners.’ She said it right to my face… I think it is interesting.”

http://richmond-news.com/news/no-foreigners-a-play-explores-nostalgia-in-chinese-malls-in-richmond-1.23167751

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Best place on meth

Racist chinese.

I never, ever, EVER hear any other chinese speak out against this kind of racism committed by chinese.

And forget about the likes of AIDS, he’s only interested in one kind of racism. Not the other kinds.

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Name

My white sister in law was refused service by a hair salon run by Asians . Happens all the time.

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Lost,... but not leased

RE: Asian businesses:

**** (WARNING: I know AIDS and SeeSaw will crap their Vajijays when they read this). *****.
My experience is many Asian businesses treat THIS round eye very well.

I frequent this Asian barber shop which has fair prices and are meticulous.

I also patronize a Chinese food court and always get a generous helpings.

Ex mechanic was Chinese(closed the shop)

The only time I was insulted was a Chinese Restaurant in Richmond. I wanted to inquire about reservations for a large group. ..I was the only round- eye there. Totally ignored..even the Chinese patrons in the line-up noticed it.

Other than that…usual foreign locust stories.

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Lost,... but not leased

The problem lies in hypocrisy and irony. NON- Caucasians are brainwashed via SJW and other Commie scum-turds that WHITE people are E-V-I-L..we are the source of all the world’s problems. YET, these same parties are lined up to become citizens of our Western Civilization nations. Look at what happened in Rwanda….you had blacks in one tribe slaughter tens of thousands of blacks from another tribe. Same within Asian nations..aka Japanese vs Chinese vs Koreans vs Vietnamese vs…. Check out South Africa and Zimbabwe.. Commie scum like Nelson Mandela had his ass- kissed by ignorant White Politicans. People have no clue that when Dutch settlers settled in Southern areas of Africa..few if any blacks lived there, it was literally vacant land..the blacks were nomadic hunter gatherers. However…Once the whites started farming etc(aka bringing in Western Technology.)….the blacks started to migrate south..as… Read more »

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Shut It Down Already

You’ve clearly learned nothing. No wonder you’re unemployable.

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Best place on meth

Fuck off, racist.

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Shut It Down Already

Unemployable.

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Lost,... but not leased

SIDA……is that the summary of your aptitude test ?

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Lost,... but not leased

Re: Hate Crimes and Human Rights legislation.

It would be an interesting/amusing Monty Python-esque to stand on a corner with a sign ” NO FOREIGNERS “.

It is vague and does not designate any defineable group..aka the law couldn’t touch you..but in “Nudge- Nudge Wink- Wink” fashion people would “get it”.

It might inspire dialogue and lead to something positive.

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kabloona

“Former B.C. premier Christy Clark says blocking Trans Mountain is ‘illegal’…”

http://www.cbc.ca/news/canada/british-columbia/former-b-c-premier-christy-clark-says-blocking-trans-mountain-is-illegal-1.4530278

Yeah, just discussing how much dilbit can flow down a pipeline thru BC territory is clearly illegal…..

😉

Whereas money-laundering, shady gambling at River Rock Casino, uncontrolled land speculation, or Crusty lying about supposed police inquires into Civil Servants is clearly A-OK!!!

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Just me

OK. Final proof it is legal. She is always wrong.

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bestplaceonearth

How is she always wrong? Last time I checked, the NDP goes forward with LNG and site C; they just could not afford a third yes to the pipeline, hence put BC wines in a dilemma.

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Just me

Site C was a go-ahead because the sunk cost (thanks to CC) was way too high. Scrapping it was too costly.
As for LNG, it was in the NDP manifesto already. It predates the election, and they have been consistent on it.
But who cares about facts: after all, in Vancouver, all that matters is to keep the shitshow of housing going on. Too many lazy people making too much money….nobody wants to stop the gravy train and get a real job.

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xhistory

Christy Clark lacks the same thing as British Columbia. SENSE

frightening this was allowed to happen, but if you operate in the shadows and want certain outcomes….

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Just me

Many BC residents voted for this clown of a woman just 9 months ago. Incredible. How can you?

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Bestplaceonearth

The naysayers say no to everything, yet demand everything.

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Best place on meth

It’s currently illegal to execute traitorous politicians like Christy Clark who deserves to be shot by firing squad.

I want a referendum to make this LEGAL.

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YVR

You may want to try to get out on Saturday night. It may help quell some of that anger.

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Name

he doesn’t sound angry to me at all. you on the other hand who constantly push your psychotic and partisan agenda seem quite mad.

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Shut It Down Already

He’s too busy spending time with loved ones whilst spewing toxic filth from behind a laptop.

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YVR

CC is right. This is illegal and the courts will rule against these radical left wing nut bars led by a flunky Keg waiter. This will just be another failed job killing policy of the pathetic NDP.

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Spec

You calling the current government “radical left wing nut bars” speaks volumes about who you are and where you come from. By any measure, (so far) this is a very middle-of-the-road moderate government. Nothing radical so far, so ease up there brushfire.

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Lost,... but not leased

Re: Pipeline Very conflicting issue. #1 Can/Will the pipeline be built? IMHO yes it will be built. The ultimate decision is made at the Federal level. Turdeau said its a go. Horgan and NDP are simply posturing, making political brownie points, till Turdeau pulls the trigger.My guess is Turdeau will give the go ahead around time of next Federal Election to get Albertans’ votes.. #2 Should the pipeline be built? The Tyee energy journalist Andrew Nikiforuk lays out a case it should not..as well as LNG. projects. Alberta is shipping bitumen, which on the spot market sells for $ 5-$ 7 barrel aka F*ck All. In case of pipeline or ship disaster, bitumen sinks to the bottom and can’t be recovered. Alberta seems desperate for revenue, why is it not refined first ?..seems like all we do is ship RAW… Read more »

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ostritch

The story of the week is INSANE prices for condos and townhouse.

Almost 2MILLION BUCKS for a sub-penthouse (no such thing by the way) for a presales in Basalt along the Cambie Corridor. 1200 sq ft. 3-bed/2-bath

181 West 14th. 20-yr old 3-bd townhouse on multiple floors goes for 200K over asking. To 1.520M for 1236 sq ft.

The Spot at Cambie and 12th. 2-bed not even 900 sq ft regular condo with big balcony on alleyway near drug rehabs (2 of them) sells for 1.2M when it was just 750K presales two years ago.

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ostritch

Where is the imminent implosion? And once it starts, where does it end?

Like London post-brexit and post stamp duty?
http://www.dailymail.co.uk/news/article-5376235/Foreign-buyers-snap-half-Londons-prized-postcodes.html

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Just me

We need to stop foreigners from dabbling in our real estate market. That is the only solution. Everything else is ineffective.
Scare them off, they will leave. Hopefully.

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ostritch

“Our” market? You really believe that still? Please look around. Globally.

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Just me

By our I simply mean the market where voters live. We still have a democratically elected government (until China decides to force their system on us). Our market is meant to convey that we are free to write the laws that regulate real estate transactions. We could for example change the tax system to force identity disclosures and heavily (very heavily!) tax foreign money. They don’t vote yet.

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Oracle

The whites will soon lose the entire lower mainland. Then Asian rules. Wait and see.

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Oracle

Then the Asian construction firms will take over from BOSA and Onni. Hahaha. Wait and see

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Lost,... but not leased

Yeah…I always wondered about that….

BOSA and Onni cannot be stand alone firms anymore..they must be beholden to their Chinese masters…simply front companies.

Not to worry……Aecon will soon be the sole contractor for all of Canada.

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Lost,... but not leased

IMHO, there are too many laws, rule regulations that exist below the surface that we are not aware of.

Example re: Site C dam.
NDP did not cancel it…..excuse was too costly to cancel..therefore only option = go ahead.

However, Aecon got sold to Chinese, who now have their hooks entrenched into the Site C project. So…was this the plan all along..that Liberals and NDP are in on it ??? or they were set up. Is China going to do what it has done in Africa..simply bring in Chinese workers and displace locals.

Regardless Site C is likely one example of what we can expect re: our rules and regulations effectively meaningless and toothless.

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bestplaceonearth

when will you stop dreaming and start living?

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Just me

Maybe when you will stop being a leech on society. Real estate “investor”? You contribute zero to society.

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Bestplaceonearth

Leech? I pay taxes to my nose to even feed the druggies. People like you enjoying leeching on the hard working individuals.

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Just me

We all pay taxes. Many of us at a marginal rate over 50%.
In this country we pay for the services we consume.
If anything real estate is taxed much more lightly than other capital.
So shut up. You don’t understand what you are talking about.

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Shut It Down Already

You don’t pay 50%.

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Just me

My guess is that several of the posters on this site actually are well-educated professionals, often paying effective tax rates even above 50% when you factor in all contributions.
And yes, my taxes are my own business. I am proud to say that I pay in full and I don’t cheat. I think taxes buy us civilization and social harmony.

I wish our new millionaire immigrants from China shared that feeling. But I somehow doubt it.

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Shut It Down Already

So your “many of us” statement was deliberately misleading then? Shocking. And you also took the opportunity to have a dig at foreigners, like the non-racist you claim to be? Pathetic.

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Name

Leech. you know like those who live in multi million dollar houses who claim poverty level incomes and live off the backs of honest hard working tax paying canadians…

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Shut It Down Already

Like your idiot friends rushing in to “beat” B20?

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Lost,... but not leased

What’s B20.?

……is that a rock group? …..or a vaginal creme?

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Shut It Down Already

What time in the morning do you start drinking, approximately?

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kabloona

People also buy stocks all the way down….just look at Nortel.

There’s always a buyer who’s sure it’s a great deal…. all the way to zero….

Then there’s nobody left….BAGHOLDER!!!

😉

BTW, why is real estate always being “snapped-up” whenever somebody purchases it….?

I don’t often hear about people “snapping up” cars…”snapping up” groceries…”snapping up” furniture…”snapping up”TVs…..

Just housing.

😀

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Best place on meth

It’s the sound the locust’s mandibles make when consuming everything in its path.

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Lost,... but not leased

Actually..excluding housing, one can find deals on just about anything.

You would be amazed at what Freebies exist on CRAIGSLIST.

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Bestplaceonearth

These buyers forgot to ask the bears about fundamental calculation or rent/own calculation or opportunity cost.

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YVR

Thanks NDP. Your job to rapidly cool housing is working very well. But who cares, we get Family day moved by one week. That is awesome. Who cares about housing.

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Spec

The NDP “job to rapidly cool housing” isn’t in the platform, never was. Keep on spinning and moving those goalposts though. Fill yer boots. Your obsession is pathological and delusional.

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realist

more from yesterday’s Financial Times: “Overseas buyers snap up majority of exclusive London homes/ Proportion of foreign investors targeting high-end postcodes at 5-year high”

https://www.ft.com/content/4230505c-0db2-11e8-8eb7-42f857ea9f09

“While the number of international buyers declined in the immediate aftermath of the UK vote to leave the EU, the level quickly recovered as sterling weakness gave overseas buyers a favourable exchange rate…Overseas investors snapped up more than half of all properties for sale in London’s most exclusive postcodes in the last half of 2017 as buyers took advantage of big discounts in areas such as Belgravia and Kensington.”

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realist

What a sad state of affairs, when globalization meets up with lowest interest rates in recorded history: it is no surprise that the results are “one for the ages” as well.

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Spec

That NDP government!!! *shakes fist at sky.

http://thebreaker.news/news/bc-land-sales/

Don’t let facts get in the way of a good story though. BCLibs were sooo much better LOL

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Best place on meth

Checked my mailbox yesterday and there were FOUR flyers from realtors and one from a condo development on Main.

One of the realtors was New Locust, which stated “Chinese New Year is a good time to sell your property. Many buyers are coming to Greater Vancouver”

Also, at the bottom:

“Serving new immigrants (Airport pick up, Hotel, Banking, School Application, House Purchase).

That’s a lot of services for a “realtor”.

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patriotz

“Serving new immigrants (Airport pick up, Hotel, Banking, School Application, House Purchase).” I assume that’s in English. Does your postal run include a lot of new rich immigrants who speak English? Or do they want potential sellers to think that New Locust will set them up with new rich immigrant buyers?

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Shut It Down Already

Patriotz finally comes out….

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Spec

“Patriotz finally comes out…” What was the offense in his post? Is “Locust” out of bounds for him to use? Why do the Hong Kong folks get to use it? Are they racist when they use the term? Do tell…

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Best place on meth

Yes, the fuckhead actually thinks people of the same race can be racist against each other.

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Shut It Down Already

You’re literally the dumbest person I’ve ever encountered. Of course there’s no such exemption in any definition I’ve ever seen.

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Shut It Down Already

It is a racial slur, yes.

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Spec

Derogatory, not racist. Important difference. http://hippie.wikia.com/wiki/Locust_(Hong_Kong_slang)

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Best place on meth

“Favourable comments about the ‘locusts’ by sycophantic pro-Chinese local politicians have aroused widespread anger in Hong Kong. One particularly crass comment, made by a political adviser who has evidently not travelled by bus or train for years, is that local residents unable to board a train should ‘wait for the next one’. ”

Our local traitors who are keen on selling us out to the locusts tell us that if we can’t afford to live in this city, we should move to the next one.

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patriotz

“Patriotz finally comes out….” Of what? First of all I was quoting someone else. If you want to get lathered up because I didn’t use quotation marks, go ahead.

Second, I actually think using that nickname for the company in question is quite appropriate, because they are using the promotion of stereotypes and resentment against their own ethnic group as a marketing strategy. Which is what I was talking about in the first place.

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Best place on meth

It’s in both languages, and it’s mighty white of them to even include English. How thoughtful.

Mt. Pleasant though is not a locust destination, unless they’re buying pre-sales from some sales office in their shithole of origin.

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Bestplaceonearth

It is good that you recognize these realtors work their butt off. Unlike the freeloaders, always want hand out and demand for more.

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Name

How about free blowjobs too? That’s also a “service”.

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Lost,... but not leased

That’s redundant and a given.

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Best place on meth

Speaking of working their butts off, I’m surprised that “massage” wasn’t listed.

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Spec

The only freeloaders I see from that story are the ones who got the land for nearly free. I guess only the poor get the venom directed at them by the likes of you. No wonder y’all pissed off at the NDP. Gravy train done gone off the tracks for all you RE tycoon types able to pay for play (That’s corruption, BTW – you folks with dodgy moral compasses need that pointed out to you).

Clampdown on dirty political donations + rising interest rates. Puttin’ the “mean” back into regression to the mean. You need to plan. 😉

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Just me

And you really think that putting flyers in mail boxes qualifies as productive work? How much should these guys get paid? It sounds like a summer job.

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bestplaceonearth

If you could not think of the postmen delivering those flyers in your mail box, you better fix your tofu brain.

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Just me

The postman does that all day long. That is a real job.
RE agents are the lowest form of human (with a few notable exceptions, like our own Paul). All they can think of is ways to scam, shirk and get paid. Sounds familiar?
And you know who told me all this? Other RE agents.

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Bestplaceonearth

Blame yourself for being landless. No one can help you. Did you stick your $65k in gic at 1.5%? Man, you are rich!

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Just me

You are not only ridiculous but consistently wrong in your assumptions.
Funny how real estate “investors” presume to know what other people do and give advise. As if they are Warren Buffett for buying and selling real estate in a bubble.

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