Sort by:   newest | oldest | most voted
Oracle
Guest
Oracle

The nation of the Phillipines now putting Justin the peoplekind in his place now.

https://news.mb.com.ph/2018/02/09/the-hypocrisy-of-canada-and-trudeaus-government/

Folks. That is our #1 immigration importer. Canada is fucked.

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

You mean no more SIDA’s and See Saw’s?

UNbelievable !

southseacompany
Member
southseacompany

“Kevin O’Leary: Unless you can pass this two-question test, don’t buy a home”, CNBC

https://www.cnbc.com/2018/02/08/kevin-oleary-unless-you-can-pass-this-test-dont-buy-a-home.html?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BmQSs3rQQRR69r2%2BRWA3PyA%3D%3D

“”Any asset that involves taking debt to own it, like a mortgage, like a house, appreciated in value while interest rates were going down,” O’Leary explains. “Well guess what? Interest rates aren’t going down any more. Asset classes like real estate stop going up in value when it costs more to borrow the money to buy them.””

southseacompany
Member
southseacompany

“Europe’s Central Banks Echo Fed in Shrugging Off Market Turmoil”, Bloomberg

https://www.bloomberg.com/news/articles/2018-02-08/europe-s-central-banks-echo-fed-in-shrugging-off-market-turmoil

“Global central bankers aren’t being knocked off their monetary policy paths by this week’s turbulence in stocks.”

“After investors woke up to the likelihood that officials are serious about pulling back stimulus this year to control inflation, Bank of England Governor Mark Carney declared on Thursday that he may even need to raise interest rates faster than previously thought.”

southseacompany
Member
southseacompany

“Stocks enter correction as rate-hike fears return”, Financial Post

http://business.financialpost.com/investing/stocks-hunt-for-direction-amid-turmoil-yuan-drops-markets-wrap

“The dread that gripped equity markets earlier in the week re-emerged Thursday as U.S. stocks plunged on concern that rising interest rates will drag down economic growth.”

KickThemOut
Member
KickThemOut

The dread that grip the bears as they realize with each passing year that homeownership is slipping further and further away from their grasp.

Name
Guest
Name

you are a special kind of psychopath to post here day after day with these types of goading comments. perhaps get your head looked at.

Shut It Down Already
Guest
Shut It Down Already

And what exactly is your contribution?

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

Its slipped their grasp since 1980’s….first via Foreign Locusts…then the low interest rate trap.

The aforementioned has resulted in a killing off of purchaser group…the Millenials…thats where it gets interesting without the locust factor.

southseacompany
Member
southseacompany

“Canada sees biggest jobs drop since 2009; interest rates seen holding”, Globe & Mail

https://www.theglobeandmail.com/report-on-business/economy/jobs/economy-sheds-88000-jobs-unemployment-rate-climbs/article37917112/

“”It doesn’t change the broader narrative around the Bank of Canada. They are still going to be in a gradual tightening path,” said Andrew Kelvin, senior rates strategist at TD Securities.”

southseacompany
Member
southseacompany

“Canada’s housing market flirts with disaster”, Financial Times

https://www.ft.com/content/8cb9f0fa-0a61-11e8-839d-41ca06376bf2

“Canada is in the grip of a housing crisis more severe, by some measures,than anywhere else in the world. Household debt now amounts to more than 100 per cent of the country’s gross domestic product, according to the Basel-based Bank for International Settlements, one of the highest of any developed nation. House prices have raced ahead of wages for years, boosted by loose lending, low interest rates and lax controls on foreign money.”

bullwhip29
Guest
bullwhip29

BCLC staff unable to properly use $7-million, anti-money-laundering software program
http://vancouversun.com/news/local-news/bclc-staff-unable-to-properly-use-7-million-anti-money-laundering-software-program

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

What do you expect from Gov’t workers ?

Don’t kid yourself that amongst BCLC staff there aren’t a bunch of “moles” who report back to the criminal element.

kabloona
Member
kabloona
Whoopsy-daisy……down she goes….. 😉 “China, Hong Kong Suffer Most as Stock Rout Shatters Market Calm” https://www.bloomberg.com/news/articles/2018-02-09/hong-kong-benchmark-heads-for-correction-as-china-shares-tumble “As global equity investors reel from the biggest selloff in two years, nowhere has the pain been more acute than in China and Hong Kong. Benchmark indexes in the world’s second- and fourth-largest stock markets have fallen faster than any of their major peers since the global rout began late last month, with worries over a Chinese deleveraging campaign adding to broader concerns about rising interest rates and stretched valuations. With losses deepening on Friday to more than 11 percent, both markets were poised to snap their longest-ever streaks without a 10 percent correction. The sudden tumble, China’s worst since its 2015 market collapse, has shocked investors who had grown accustomed to the steadying effect of state intervention over the past two years. But… Read more »
Lost,... but not leased
Guest
Lost,... but not leased

So…..it appears that foreign locust ” hive central ” is the death star of the global economy.

Maybe BitCoin was the canary in the mine as indications were that a large amount of this now collapsed cryptocurrency was used in Asian countries, obviously for money laundering and tax evasion.

Seems like a lot of investors have no idea that their investments ultimately ended up tied to China ( like Deustche Bank ) Ouch !!!!

Rotsa Ruck with that.

YVR
Guest
YVR

The last time markets dropped 10% was 2 years ago in 2016. Then the S&P500 went on to gain 50% in 2 years. It may still go lower but this is a buying opportunity to set up the next 50% bull run.
Here is what the experts were saying in 2016. Imagine taking this advice and “selling everything” right before it goes up 50% in 2 years.

RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.

http://www.telegraph.co.uk/business/2016/02/11/rbs-cries-sell-everything-as-deflationary-crisis-nears/

KickThemOut
Member
KickThemOut

As bad as that advice is, it’s still a lot better than the bears advice and trademark for the last decade and more – sell now or be priced in forever(tm)

Rabbit One
Guest
Rabbit One

Sorry a bit off topic, I am addicted to read Supreme court judgement.
http://www.courts.gov.bc.ca/jdb-txt/sc/18/01/2018BCSC0186.htm

This (probably white) man lost interest in real estate property jointly held with woman originally from Iran.
Detached house bought over $900K in 2004 in North Van.
Now must be over $2~$3MM worth.
It looks to me, this immigrant family used him to jointly sign the jumbo mortgage without any down payment,
faulsify his income without him knowing it (as $300,000 / year) with mortgage broker know to family member.
– Jumbo Mortgage $50k over the purchase price plus $12,000 mortgage broker fee!!

Who is unfairly enriched, this man – music teacher / coin collector, or immigrant family???

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

You have to wonder if this is simply the tip of the iceberg…all these types of scams that are about to unravel..like that foreign locust that claims $98 in annual income and owns the 10th largest textile plant in China.

KickThemOut
Member
KickThemOut

Did he pay any of the mortgage payments or was aware of it? Or is his signature faked as well?

This is why we need to kick out these kind of locust scums…just imagine this women multiply by popping out 10 or 12 little spawns and collecting $600/month each to boot.

West Coast Woman
Guest
West Coast Woman

A new article by Terry Glavin in Macleans:

http://www.macleans.ca/news/canada/the-battle-to-clean-up-b-c/

So how long is it going to take to clean up the messes left by Vision and the Liberals? 20 years? 2 generations?

Just me
Guest
Just me

This is a truly great article. It covers all angles, and I basically reported in full to make the point that the guy is right on everything he touches.
I am forwarding it to my local (NDP) MLA this weekend. But I am pretty sure the article is making the rounds already.

YVR
Guest
YVR

While you’re at it send this one to Horgan and the other useless tit you voted for Trudeau.

China is no friend to Canada

If Canadians keep hearing that we need ‘more, more, and more’ of an intimate relationship with Beijing, how quickly will we reach our limit?

http://www.macleans.ca/politics/china-is-no-friend-to-canada/

YVR
Guest
YVR

You could have taken most of these points in the article from one of Eby’s many pre-election speeches. Problem is now he is in government no action. Is he just another lying politician or is Horgan and his fellow real estate speculator MLAs holding him back. Eby just bought in Victoria himself which tells you everything you need to know about his intentions.

But it’s not at all clear just how far Eby will be allowed to go in his determination to clean house. For one thing, he’ll have to avoid making enemies of certain of his fellow New Democrats who did quite well for themselves in Vancouver’s civic politics and in their own real estate investments. He’ll have to watch his back.

Just me
Guest
Just me

I guess we will soon discover whether the NDP is going to take serious action on housing. Budget day is around the corner.
One thing is for sure: you will not be able to fool people with cosmetic changes. I suspect they know they will have to do something meaningful. Not much longer to wait.

YVR
Guest
YVR

You will be making excuses for them after the budget. Last year we just had to wait until they formed government, then until wait until September for the legislature, now the budget. What is the next milestone when they disappoint again?

Just me
Guest
Just me

If they fail on delivering a budget that curbs demand for housing, they WILL lose my vote and I will criticize them. I am not ideological like you. I change my vote based on the behaviour of politicians.

If the NDP pulls out a B.C. Libs-style pro housing budget, they will pay dearly for their mistake. Voters in Metro Van are expecting them to take serious action, they won’t be fooled.

KickThemOut
Member
KickThemOut

You can’t ignore the irony here …. so FUNNY

WE WANT a HOUSE, WE WANT a HOUSE, WE WANT a HOUSE, the bears demands.

KILL HOUSING DEMANDS, KILL HOUSING DEMANDS, STOP INCREASING SUPPLY, STOP INCREASING SUPPLY! The bears shouts & demands

Guess what??

You are part of the demand, and supply, well supply means supply….it can’t get any simpler than that.

Just me
Guest
Just me

Nobody ever said to stop housing demand. As usual, you make stuff up.
However, increasing demand alone will not reduce house prices in Metro Van. This theory has been tested and rejected multiple times over the past 10 years.

Just me
Guest
Just me

“increasing supply alone”.

paulb
Member

New
170
Price Change
24
Sold
93
TI:7769

http://www.clivestevepaul.com

YVR
Guest
YVR

Sold 93

Gee I wonder why the stress test didn’t slow things down. Could it be the credit unions regulated by the BC government do not have to follow the same rules. Anyone know why Carol james has not made the change? Too busy on higher priorities like getting Airbnb going?

See Saw
Guest
See Saw

Don’t be a fool; some people are still buying to “beat” the stress test with pre-approved mortgages that are, in some cases, good until the end of March.

Strata Hacker
Guest
Strata Hacker

So is the crash delayed until March now Garth jr? You claimed we crashed already. Meanwhile stock market is down more in a week than VanRe in 2 years since it supposedly peaked.

You and Garth are shrill losers.

Confucius
Guest
Confucius

Are you Christy Clark? I can’t imagine who else would have so much time on their hands and such persistence in bitching about the NDP. It’s getting to be very annoying for me and I doubt it’s any good for your mental state.

I couldn’t give two shits about our political parties. They all work for whoever pays them the most and real estate is the biggest industry.

Just me
Guest
Just me

Mortgage qualify people for three months. Many buyers are old regime.
You sound like Oracle but more partisan.

YVR
Guest
YVR

Nope the stress tests kicked in immediately. You could not pre-qualify and carry it into 2018. Unless you went to to one of Horgans credit unions.

Just me
Guest
Just me

Yo7 are wrong. I know people who qualified in November and still have the older rate.

YVR
Guest
YVR

It has nothing to do with the rate. It is do you qualify. The qualification is what has changed and that cannot be carried into 2018. Maybe your friends qualify under the new rules.

Shut It Down Already
Guest
Shut It Down Already

Do they blame foreigners too?

KickThemOut
Member
KickThemOut

Do bears sound like people who would ever blame themselves for anything??

Just me
Guest
Just me

Inventory is still historically low. Although improving marginally. I suppose there is more SFHs than condos.

Bag it and tag it
Member
Bag it and tag it

Anyone have the Feb sales averages for the past 2 years?

See Saw
Guest
See Saw

OooooH! look at all those properties being snapped up! All 93 of them! 2/3 are probably condos, too! Why? Because, you idiot, condos are “where it’s at”, that’s why!

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

What,,you didn’t say dumbass or douchebag..or the other 10 words in your 2 syllable or less vocabulary.

You OK @sshole ??

KickThemOut
Member
KickThemOut

Sounds like BPOM, Combat Roach, etc had a good positive influence on him.

AngloMan
Member
AngloMan

Is that PaulB or the voice in your head you are calling an idiot?

Just me
Guest
Just me

SeSaw calls everyone an idiot. Sometimes even people who agree with his bizarre and frankly ludicrous opinions.
The funny thing is that there are some (apparently) normal people who encourage his wacky behaviour.
Next: he will probably start writing insults in capital letters. It is like listening to a madman trapped in the basement and screaming his head off. Sketchy…Boombust…all the same maniac.

bullwhip29
Guest
bullwhip29

$10K lost in a day: This 24-year-old Vancouver man put a big stock market bet on his credit card
https://www.ctvnews.ca/business/10k-lost-in-a-day-this-24-year-old-vancouver-man-put-a-big-stock-market-bet-on-his-credit-card-1.3795451

>>> in the scheme of things 10k is peanuts…people here don’t seem to bat an eyelash buying shoe boxes for hundreds of thousands or crack shacks for millions with virtually nothing down

kabloona
Member
kabloona

They called him a “Financial Analyst”….. thank gawd he’s not a “Financial Advisor”…..

😀

Whister or Bust?
Guest
Whister or Bust?

What kind of Financial Analyst needs to borrow money on his credit card to invest?

Bag it and tag it
Member
Bag it and tag it

The kind that’s 24 yrs old and probably just finished university a year or 2 ago.

Whistler or Bust?
Guest
Whistler or Bust?

How is this news? Who cares?

Whistler or Bust?
Guest
Whistler or Bust?

And for some perspective, the S&P 500 is -3.5% YTD after today’s sell off.

OMG run for the hills!

bullwhip29
Guest
bullwhip29
the two largest point drops in history occurred in the last week. sure, not largest %-wise but certainly significant s&p could very well be down 10% ytd by tomorrows close (BOOKMARK THIS) i think the wiseguys are slipping out the back door and are positioned for a huge downdraft. on monday they were selling all they could to retail. they can short away with both hands knowing full well washington is in state of paralysis and the whole shi1tsotrm can be blamed on trump, china or whoever. everyone’s been saying this is an epic bubble all along but got way comfy and complacent watching their stocks surge higher day after day for no reason. in hindsight, the dec-feb parabolic surge was a blow off top and retail ended up the bagholder again (as evidenced by this 24 yr old financial… Read more »
Whister or Bust?
Guest
Whister or Bust?

“s&p could very well be down 10% std by tomorrows close (BOOKMARK THIS)”

And it could be 0% YTD as well. What is your point?

Please tell us what you plan on doing?

YVR
Guest
YVR

The US market is still up 20% over this time last year. I’m not complaining. TSX is negative year over year although still not as low as Summer.

Whister or Bust?
Guest
Whister or Bust?

Largest Point Drops?

In 1929 The DOW lost 30 points in 1 day which was 12%
In 1987 The DOW lost 508 points in 1 day which was 22.5%
Today the DOW lost 1032 points which was 4.2%

Clearly you can see that the media is manipulating he message to sell papers. The “LARGEST POINT DROP EVER!” sounds scary but it doesn’t even make the top 100 largest 1 day percentage drops which is what matters.

This market has been non-stop upwards without a meaningful correction since 2016. This sell off was long overdue and fully expected. Could it get worse? Absolutely. You seem pretty sure of yourself so if you think its 2008 or 1932 then there are a ton of inverse ETF’s you can buy or you could simply short stocks.

YVR
Guest
YVR

Points are irrelevant. Like comparing hourly wages. A McDonalds worker today makes more than a CEO in 1929 in dollars. Doesn’t mean the McD worker is doing well.

kabloona
Member
kabloona

S&P 500 is down over 9% from the peak, so it’s given up the last few months of gains, much like the DOW.

The DOW is now clearly in correction territory, and it may be in for more losses in the days ahead….

🙁

While the percentage losses are relatively “normal” in terms of market corrections, I think the speed of the market selloffs probably shocked people who have probably been lulled to sleep, especially considering the very low volatility we’ve seen for the year or so…..

Hence all the people gambling on “inverse VIX ETFs” getting slaughtered…..

😀

Just me
Guest
Just me

10 year and it seems this time they. Any break out of range. Central banks control short term rates but are impotent on long term ones. If the yields curve shifts up, there is going a significant reprising of assets.

Just me
Guest
Just me

I meant “. 10 year bond yields and longer expiries are going up and it seems this time they will break out of their range”. This has not happened since 09.

Best place on meth
Member
Best place on meth

Stock markets were in desperate need of correction, it was long overdue.

KickThemOut
Member
KickThemOut

If only the bears are in for a similar bout of correction and liquidation….

Bag it and tag it
Member
Bag it and tag it

I didn’t think we’d get this type of a selloff until things started to unravel in China. I saw today a major Chinese firm has just started liquidating properties in the US due to a liquidity crunch…plus with the crypto selloff, could it be an indication that things are getting tight in China? I’m just guessing here.

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

My theory is after 2008, and all the Quantitative Easing, , too much $$$$ were produced that were not properly monitored as to how they were distributed and invested.

In addition, illicit funds like drug money filled much of the void of the 2008 collapse. or it may have been worse. People have little clue on how big an impact “dirty” money has on the global economy.

So, nothing was really learned except to kick the can down the road,as the same basic problem will rear its ugly head. Funds were simply taken and speculation ramped up in many sectors..like RE..stocks..etc. Now judgement day has arrived.

Bitcoin collapse was likely the canary in the mine on what we see unfolding now.

bullwhip29
Guest
bullwhip29

regarding the Canada Goose earnings and subsequent clubbing that shareholders are taking this morning, I can’t say I am surprised. it seems every other person (students, housewives, infants….) in Vanc has got one in every colour now, which is bordering on the moronic. if this is not a sign that companies like this as so overvalued (much like the whole market for that matter) then I don’t know what is.

Knowitall
Guest
Knowitall

I saw a homeless dude wearing a C Goose vest the other day NO Joke! The top is in for that Corp

Raincity
Member
Raincity

Locust’s fantasy apparel!LOL!

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

Wassup…..stock markets tanking ?

I’m not really following it…

xhistory
Guest
xhistory

Sounds like a Goose is being cooked, or dinner is served somewhere?

Markets, i take it, are the Financial markets, plump and now less a whole lotta feathers (leverage), and one expects, the flock wont be taking wing for a while?

As goes the Financial markets so does the Housing speculation. So one 3xpects the RE and housing will take care of itself, as its amply known how Politicians of all stripes, were getting their instructions from the banker gnomes all along?

kabloona
Member
kabloona

DOW off more than a thousand points at the moment….

:-O

Oracle
Guest
Oracle

A few percent after a 400% bull market the last decade??

Name
Guest
Name
Burnabonian
Member
Burnabonian
bullwhip29
Guest
bullwhip29

TenKK, the company that posted a controversial Chinese-only bus ad in Richmond last month, sent a public letter to the B.C. Ministry of Jobs, Trade and Technology last week, asking for better support for Chinese investors and entrepreneurs in the province
http://www.richmond-news.com/news/company-posting-chinese-only-bus-ad-wants-help-on-immigrant-business-integration-1.23167837

>>> I wonder if they have taken out ad space on the new double decker buses?

Name
Guest
Name

The nerve of these people

Burnabonian
Member
Burnabonian

How much Vancouver land is owned by foreign consortia?

It would only take one that needed to dump it’s holdings in a hurry (or go into receivership) to reprice the entire city.

bullwhip29
Guest
bullwhip29
it is possible that the powers that be recognize the “everything” bubble is unsustainable and have begun heading for the exits. in all honesty, nothing has been resolved since the 2008 crash other than repeated efforts to kick the can down the road, which only made the problem 100x worse. the Trump administration will attempt to convince his voter base that all this is an overseas problem, that they should shoulder all the blame and that things would be much worse had he not been elected. they also know full well that many in the western nations will also blame trump anyway so they are likely positioning themselves accordingly. the bankster crooks will make money rain or shine as long as they are told what the weather will be in advance. it is too bad that the vast majority have… Read more »
Burnabonian
Member
Burnabonian
I agree 100%. We used up all our “get out of jail free” cards trying to unfuck 2008. And rather than fixing it we prolonged it while making it worse. The 2018 financial crisis or whatever it’s called will be a multiple of what we were supposed to suffer in 2008 when we chose to kick the can. This is why YVR housing no longer worries me. It is a symptom of a cycle that not even God can stop at this point. It’s out of everyone’s hands. I think that any Fed chair who takes off the band aid with respect to interest rates would be (rightly) blamed for the literal death and disarray that followed. Premiers, Prime Ministers, Finance Ministers, CMHC Chairs, and everyone else with access to levers large and small are in the same position. So… Read more »
See Saw
Guest
See Saw

Perfectly stated. At last someone who actually “gets it” on this site full of shitheads.

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

Well..at least you didn’t say dumbass , or F*ck off..or..douchebag or…….
…….you MoFo..

KickThemOut
Member
KickThemOut

Damn….Sifu BPOM has failed his star pupil! His everlasting shame!

See Saw
Guest
See Saw

Fuck off, douche bag and take your dumbass BS somewhere else.

Oracle
Guest
Oracle

Buddy has a condo that is completing in April. Says now he gonna AirBnB it rather than rent them out long term. He lives with his parents in south van.

Smart guy. Say he will only AirBnB it out for less than 182 days a year so he can keep one a principle residence. Says with all the demand, the AirBnB tax doesn’t faze him as he won’t be paying it. Says they can’t connect it to him or his numbered company that owns the condo as no linkage in systems.

bestplaceonearth
Guest
bestplaceonearth

who is the director of the company?

KickThemOut
Member
KickThemOut

His imaginary friend’s imaginary friend.

bullwhip29
Guest
bullwhip29

good for him. btw there is still time for the developer to extract a little more out of buyers before this whole house of cards comes tumbling down. airbnb revenue will barely make a dent in the initial 10-20% hit he’ll take just in the first year. hope he is comfy living in mom’s basement because he’ll be there for a while…

Oracle
Guest
Oracle

Indians live in multi generation family homes.- not in basements. They buy other property as investments.

Burnabonian
Member
Burnabonian

Why only 10-20%

Condos drop first and drop most.

Currently valued at 200-400% of fundamentals, depending on what you consider the fundamentals to be.

If this guy only gets fucked for 20% he should buy a lottery ticket because he is one lucky mother fucker.

bullwhip29
Guest
bullwhip29

and of course this is magnified considerably for the Mrs and Mr “i buy three”s of the world

bullwhip29
Guest
bullwhip29

that’s “initial” 10-20% hit…

when all is said and done who knows where things will finally shake out? wouldn’t be out of realm of possibility to have at least 2-3 yr correction take place and prices fall by 1/2 all while things shake out across the board as the everything bubble deflates

Oracle Sockpuppet Doppelganger III
Member
Oracle Sockpuppet Doppelganger III

I also know a guy doing that. They’re smart, just like you, Oracle. Great idea!

patriotz
Member

“his numbered company that owns the condo”

A dwelling that is owned by a corporation cannot be anyone’s principal residence.

Oracle
Guest
Oracle

Ok Einstein civil servant. Explain why cap gains is never paid when these properties change hands.

Numbered companies also evade PTT. They don’t exist to pay a higher cap gains.

FFS the manipulation on this blog is unbelievable.

Bag it and tag it
Member
Bag it and tag it

Corporate income tax

Specuskeptic
Member

1) Is “civil servant” and epithet?
2) “FFS the manipulation on this blog is unbelievable.” … says the master of sock puppets.

That’s rich.

bullwhip29
Guest
bullwhip29

up until now it seems many owners are declaring whatever they feel like, whatever suits theirs needs depending on the situation/application and getting away with it

you could pull random mortgage application and compare with same persons tax return and likely find all sorts of discrepancies

bullwhip29
Guest
bullwhip29
cheater\'s paradise
Guest
cheater\'s paradise

Everyone should be cheating every chance they get. Forget about getting ahead, cheating is what you need to do to keep up. That’s the city we live in now. If you’re not cheating you aren’t trying.

Oracle
Guest
Oracle

That’s how things work in Asia. Laws are to be tested and loopholes found. That’s why Vancouver is doomed. The honest person will be out on the street. As is happening now.

xhistory
Guest
xhistory

In British Columbia: a person tends to lose their senses. They develop a strong personal image of themselves, especially physically, and partake in hyper creative passions.

Eventually something from outside brings a Sense to them, which they sorely need.

This is a quickie analysis of the Letters.

bullwhip29
Guest
bullwhip29

Paul Robinson was visiting Singapore for business in mid-January and decided to drop by a sales and marketing “road show” for the opulent new condo tower, the Butterfly, to be built in downtown Vancouver
https://www.theglobeandmail.com/real-estate/vancouver/vancouver-housing-the-view-fromsingapore/article37882051/

“…says he was encouraged by the salesman – who worked for a global real estate marketing company – to purchase a unit as a speculative investment, flipping the property before the building completes, thereby dodging taxes…”

“Let’s be real, this is what’s going on: For the last 30 years properties in Vancouver have been bought up by people who don’t earn money in Vancouver and don’t pay taxes in Canada – that’s how you can have the average home price get to 25 times the average income”

Just me
Guest
Just me

No! Say it ain’t so!

By the way, I suppose Mr Robinson is just another RE industry shill.

xhistory
Guest
xhistory

Hey, look at me mixing this bag of cement!

bullwhip29
Guest
bullwhip29
Just me
Guest
Just me

It is racist to point this out. As some posters write every day, “where is the evidence?”

Shut It Down Already
Guest
Shut It Down Already

“I’m not racist!” insists the imbecile who conveniently refuses to say that using racial slurs is unacceptable.

Best place on meth
Member
Best place on meth

What racial slur?

Shut It Down Already
Guest
Shut It Down Already

Your “debating” strategy is quite pathetic.

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

That’s right….
—-See Saw and SIDA would insist the video is faked and call you a dumbass.

bullwhip29
Guest
bullwhip29

what i found interesting was that this was same video posted on this site yesterday. maybe someone here forwarded this to the Sun and they chose to publish this groundbreaking cinematic masterpiece or someone there has a beef with See Saw (and all his aliases)?

patriotz
Member

https://www.theglobeandmail.com/news/british-columbia/british-columbia-reaches-tax-deal-with-airbnb/article37895386/

In a statement released hours after the government announcement, Andrew Weaver, leader of the B.C. Green party, said that it was a “good first step from a tax fairness perspective,” but that he does not expect it will do enough to change behaviour or free up long-term rental stock taken out of the market by short-term rental services.

Paging Andrew Wilkinson… Paging Andrew Wilkinson…

Oracle
Guest
Oracle

BPOM and Specku gloating are goin to be in for a nasty surprise come the 20th. You NDP apologists are gonna take it on the chin in 12 days on Budget day .

I can already see it. You 2 scouring the internet to find any details regarding housing action. Hahaha

Specuskeptic
Member

“You NDP apologists are gonna take it on the chin in 12 days on Budget day ”

Straw man. I haven’t seen their cards and I’m reserving judgement. You know, the reasonable thing to do.

I doubt very much that BPOM is an NDP supporter FWIW…

Your cluelessness is a great contrary market indicator, actually. Bet on the opposite of what Boracle says and you’ll do ok.

Best place on meth
Member
Best place on meth

I hate all political parties.

And wouldn’t it be nice if whoracle would just shut the fuck up until the budget comes out instead of spewing his lame predictions 20 times a day?

We all know he’s a real estate pumper posing as someone who wants a correction.

Best place on meth
Member
Best place on meth

Non-permanent residents: Growing competition for local homes

http://www.vancourier.com/real-estate/non-permanent-residents-growing-competition-for-local-homes-1.23166298

As if competing for local real estate with each other, plus overseas investors, wasn’t enough, Vancouverites are also increasingly competing with non-permanent residents to buy homes, according to the Canada Mortgage and Housing Corporation (CMHC).

The federal housing agency released a report February 6 outlining the surge in the Canadian population – and corresponding rise in home ownership – of non-permanent residents (NPRs) such as work-permit holders and international students.

Joe Bubble
Guest
Joe Bubble

“In the Vancouver Census Metropolitan Area (CMA), the share of mortgages being issued to NPRs was 3.9 per cent in 2016, up from 3.3 per cent in 2014”

Which means that 96.1 % of mortgages were issued to locals.

That’s 96% that can who can still pay these outrages prices

And who contribute 96% of force that is keeping this bubble afloat.

Through debt.

Oracle
Guest
Oracle

Yeah right. BS.

It’s recent immigrants bringing in loads of illicit Chinese money and buying multiple homes.

Oracle
Guest
Oracle

I’ve been telling you guys this for years.

Too late now. Millions have been given 10 yr visas. And to get one, you need a minimum net worth of $1 million.

They are releasing the info now because nothing can be done now. We have become Asia. The landowners and the renters. Renters in asia can never own and are subjected to a life of work.

Tell me how this is different.

ostritch
Member
ostritch

No difference.

Name
Guest
Name

“you need a minimum net worth of $1 million. ”

incorrect. but ironically that would be a good thing since it would exclude a large number of these visa holders.

Oracle
Guest
Oracle

My statement stands. Go ask any immigration consultant.

Just me
Guest
Just me

Isn’t it funny that in 2018 Canadians have to compete for housing with foreign students? Does this all make sense?
It sounds like a massive scam to make even more money for millionaire boomers and “investors”. And nobody points out in public that this is unacceptable. SAll looking the other way.

Oracle
Guest
Oracle

You better start thinking of a plan Just Me. Otherwise you gonna be left in the dumpsters.

We are officially Asia now with regards to accommodation. The landowners have won. They can collect ever increasing rent without reporting to CRA. Renters here are basically subjected to a lifetime of work with an ever lower standard of living due to rising rents.

Rents will worsen because the market will eventually expect 2 families to live in 2 bedroom condo. I’ve seen it in Asia and it will happen here. The floodgates of immigration are open here.

And the smug landowners will reap what they sow. With male culture pouring in from overseas, their wives and daughters will be hit on all the time.

ostritch
Member
ostritch

+1. The women will fare the worst.

bestplaceonearth
Guest
bestplaceonearth

Just Me knows cuts and pastes only, and awaits for the NDP to rescue her. She has no clue what else to do even though she had $65k in saving in 2015.
She could have stopped posting her long paragraphs, and concentrates on improving her life. She could ask her parents to teach her what self-reliance is.

xhistory
Guest
xhistory

If i was Notley, set up an economic war room. Every conceivable item made in BC or brought through BC, find an alternative. Smug BC needs a dose of reality, and now is the time.

Best place on meth
Member
Best place on meth

Alberta doesn’t even sound like a real province.

It sounds like a slave housemaid from the 18th century.

kabloona
Member
kabloona

In that case, Knothead would be breaking actual laws, whereas Horgan hasn’t broken anything….

Best place on meth
Member
Best place on meth

Shortage of Metro Vancouver strata agents worsening
Region’s booming housing starts outpacing strata management companies’ reach

https://biv.com/article/2018/02/shortage-metro-vancouver-strata-agents-worsening

Who needs a career change? Some of you must be tired of your unsatisfying jobs and more that ready to change professions. For example:

Space: professional pro-china troll and 50 cent army member with the elite “Canine Eaters” 3rd division.

YVR: professional LibCred apologist and NDP hater

AIDS: professional HAM denier and race baiter

Oracle: professional sock puppeteer, house pumper and liar (wow, so many hats!)

Best place on earth: professional amateur landlord, real estate cheerleader

See Weed: no known profession, most likely a drug addict who stumbled into VCI by accident.

Come on guys, get those resumes spruces up and ready to go!!

bestplaceonearth
Guest
bestplaceonearth

I do whatever need to put a roof over my head and foods on the table. I even pay taxes to fund the addicts. I just don’t like the freeloaders, hiding in cozy mama basement and waiting for hand out from the NDP.

kabloona
Member
kabloona

Sounds like Rachel Knothead has gone Full Retard….and Horgan hasn’t even done anything yet…..

🙂

Meanwhile, she is threatening to have Albertans boycott vacationing in B.C….. (ha-ha!)

Works for me…

😀

xhistory
Guest
xhistory

They go south, to the USA.

With a Little bit of creativity from Bible Belt states, AB money would be most welcome.

Best place on meth
Member
Best place on meth

Where are the rednecks going to spend their holidays, Saskatoon?

xhistory
Guest
xhistory

It wont be spent smoking BC bud either. Go for it Rachel, throw down the gauntlet, No wine, no BC weed, built your houses with brick and steel and LDF, dont use BC lumber. Cut BC off completely, cold turkey.

kabloona
Member
kabloona

I heard Churchill, Manitoba has a lotta nice bears for the tourists……