30 years of vacant lots in False Creek

We may be running out of land, but apparently the old expo lands aren’t. The city has had tentative rights to 6 vacant lots intended for affordable housing for almost 3 decades:

Veteran architect and planner Michael Geller said it is “outrageous” that these sites haven’t been developed, but he believes talks could now be rekindled — even if the levels of government come up with a different plan for who might live in these future buildings, such as a mix of social, low-income, rental and affordable ownership. Some type of solution is required, he argued, if people are going to believe the affordable housing promises made for future developments in the city.

“When Northeast False Creek came up, I did say: Look, it’s great to promise all this affordable housing, but let’s not forget we still have these six sites undeveloped in the north shore of False Creek,’” said Geller, who was involved in the Coal Harbour development at the time.

Read the full article here.

 

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Bubble
Guest
Bubble

Newly built, no empty tax (UEL, not Vancouver):
5791 NEWTON WYND, University, Vancouver West, $26,980,000.00

http://www.realtylink.org/prop_search/Detail.cfm?areatitle=&ARPK=&ComID=&agentid=&MLS=R2205644&rowc=1&rowp=1&BCD=GV&imdp=9&RSPP=5&AIDL=21&SRTB=P_Price&ERTA=False&MNAGE=0&MXAGE=200&MNBT=0&MNBD=0&PTYTID=5&MNPRC=26000000&MXPRC=200000000&SCTP=RS

Assessed: $18,852,000
Sale Date
February 18, 2011
Sale Price
$11,980,000

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

Re North Korea etc.
Much more than meets the eye…they are a boogeyman created by the West.

Just me
Guest
Just me

The Real Reason for Trump’s Steel and Aluminum Tariffs

https://www.project-syndicate.org/commentary/trump-steel-tariffs-targeting-china-by-martin-feldstein-2018-03?utm_source=Project+Syndicate+Newsletter&utm_campaign=e849a69d3c-sunday_newsletter_18_3_2018&utm_medium=email&utm_term=0_73bad5b7d8-e849a69d3c-93562841

“But the real target of the steel and aluminum tariffs is China. The Chinese government has promised for years to reduce excess steel capacity, thereby cutting the surplus output that is sold to the United States at subsidized prices. Chinese policymakers have postponed doing so as a result of domestic pressure to protect China’s own steel and aluminum jobs.”

Just me
Guest
Just me

“So, what can US policymakers do to help level the playing field?
This brings us back to the proposed tariffs on steel and aluminum. In my view, US negotiators will use the threat of imposing the tariffs on Chinese producers as a way to persuade China’s government to abandon the policy of “voluntary” technology transfers. If that happens, and US firms can do business in China without being compelled to pay such a steep competitive price, the threat of tariffs will have been a very successful tool of trade policy.“

YVR
Guest
YVR

Once Trump is done with North Korea he is going to crush China. Trump will also get what he wants with NAFTA. Trudeau is so over his head he still doesn’t have a clue. Look for a mid 60 cent dollar within 2 years.

Just me
Guest
Just me
“The current technology theft takes a different form. American firms that want to do business in China are often required to transfer their technology to Chinese firms as a condition of market entry. These firms “voluntarily” transfer production knowhow because they want access to a market of 1.3 billion people and an economy as large as that of the US. These firms complain that the requirement of technology transfer is a form of extortion. Moreover, they worry that the Chinese government often delays their market access long enough for domestic firms to use their newly acquired technology to gain market share. The US cannot use traditional remedies for trade disputes or World Trade Organization procedures to stop China’s behavior. Nor can the US threaten to take Chinese technology or require Chinese firms to transfer it to American firms, because the… Read more »
Just me
Guest
Just me

“Until a few years ago, the Chinese government was using the Peoples Liberation Army’s (PLA) sophisticated cyber skills to infiltrate American companies and steal technology. Chinese officials denied all wrongdoing until President Barack Obama and President Xi Jinping met in California in June 2013. Obama showed Xi detailed proof that the US had obtained through its own cyber espionage. Xi then agreed that the Chinese government would no longer use the PLA or other government agencies to steal US technology. Although it is difficult to know with certainty, it appears that such cyber theft has been reduced dramatically.”

Just me
Guest
Just me

“For the US, the most important trade issue with China concerns technology transfers, not Chinese exports of subsidized steel and aluminum. Although such subsidies hurt US producers of steel and aluminum, the resulting low prices also help US firms that use steel and aluminum, as well as US consumers that buy those products. But China unambiguously hurts US interests when it steals technology developed by US firms.”

Bubble
Guest
Bubble

“Airbnb is illegal in Vancouver,” the user, who goes by the name Corrupt Wilkinson[1] on twitter, tells Airbnb hosts. “Anyone who runs an illegal Airbnb hotel is a social parasite contributing to the housing crisis. Please take your unit off Airbnb and offer it as a long term rental to a local family. Thank you.”

An Airbnb host by the name of Becca has heeded Corrupt Wilkinson’s call, and has told the vigilante that she has agreed to offer her unit, listed on Airbnb for $108 per night, as a long term rental to a family for $1,800 per month

https://thinkpol.ca/2018/03/17/vancouver-vigilante-tells-illegal-airbnb-operators-stop-social-parasites-gets-results/

Best place on meth
Member
Best place on meth

“Kindly jam it up your ass and mind your own business,” Erin added[3]. “China and our mayor sucking the dicks of big developers are to blame for the housing crisis in Vancouver, not honest people like me who are just trying to make ends meet. Wake up!”

What a charming host!

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Sounds like another clueless greedy local who likes to blame foreigners out of ignorance.

patriotz
Member

““Airbnb is illegal in Vancouver,”

It’s not illegal at all. What’s illegal is illegal short term rentals whether rented though Airbnb or anyone else. CoV has authorized short term rentals within limits, e.g. only for part of a principal residence.

Anyway, my feeling is that the opposition to the spec tax is largely coming from operators of illegal short term rentals. Given all the kicking and screaming, it would appear to be pretty effective action at the provincial level. Beyond that, it’s not the job of the provincial government to license or enforce property use, that’s what municipal governments are for.

Just me
Guest
Just me

Short term rentals of secondary residences are illegal but AirBnB is not? What is your point exactly?

I agree that the speculation tax would see that many of these ‘investors’ are taxed heavily, as they should be! That is why the NDP has to hold steady in the face of the opposition to the spec. tax. They will gain votes by doing so, most residents of Metro Vancouver are on the side of the tax. The election showed there is a silent majority who has had enough of RE speculation (for whatever use it is).

YVR
Guest
YVR

“It’s not illegal at all. What’s illegal is illegal short term rentals whether rented though Airbnb or anyone else.”

Air BnB is not illegal because there are other providers who do the same illegal activity?

“it’s not the job of the provincial government to license or enforce property use”

Of course it is. Just like they do with ride sharing.

Best place on meth
Member
Best place on meth

Both of those listings in the article are illegal as per the new rules set by COV.

Those “hosts” should be fined and forced to take them down.

Just me
Guest
Just me

“It’s pretty obvious that if the City of Vancouver wanted to, they would’ve shut down illegal Airbnb operations in the city a long time ago,” Corrupt Wilkinson told ThinkPol. “The elected officials and top management are a smug bunch who don’t care one bit about the daily struggles of working Vancouverites.”

Just me
Guest
Just me

He is 100% correct. The city of Vancouver has a law against AirBnb. The law is not enforced. They are making a mockery of themselves.

YVR
Guest
YVR

Not just the city of Vancouver but the NDP have legitimized Air BnB with their PST agreement. If the NDP enforced Air BnB like ride sharing there would be no Air BnB just like there is no Uber or ride sharing. Anyone who attempts ride sharing gets shutdown with massive fines immediately. The NDP have failed here along with Vision.

Just me
Guest
Just me

I do not disagree with you. I was also disappointed by the lack of serious legislation to curb AirBnB.
One thing to notice: the NDP is in charge of the Province, where there is no such pressure (or not as much as in Vancouver).
But yes, I do agree that the NDP has chickened out: there are many homeowners who use AirBnB to make money. Even renters, apparently! It seems governments are scared of pissing these voters. In my view, this will backfire: the people who rent on AirBnB are still a small fraction, and most voters really want it to be regulated.

patriotz
Member

B.C. was right to give FIFA World Cup bid the boot

What is shocking is that the BC Liberals, a party that for years specialized in giving condescending lectures to the NDP about knowing the value of a dollar, would be so upset that the government wanted no part of this spectacle; that they would be willing to put taxpayers on the hook for an array of unknown costs.

IMHO this is more than about soccer. The bigger message is that the BC Liberals still don’t get it, that the people of BC don’t want their province to be playground for criminals.

YVR
Guest
YVR

NDP = No fun city. The public does not support that. Once the World Cup is going in Toronto and Vancouver is left out this will go down as another NDP failure. The economic benefits would far exceed the costs. The NDP just don’t understand economics. Would you expect any different from a former Keg waiter?

YVR
Guest
YVR

If we we worried about wasting money this should be at the top of the list. $300K down the drain. I would rather have a soccer game than another study that proves this will never happen.

“The convenience of a one-hour trip between Vancouver and Seattle would create countless opportunities for people in both B.C. and Washington, from sports or concert getaways for families, to untold economic growth potential for businesses,” Horgan said in a statement. Another study, presented in December, looked at which types of trains that could be used, possible routes, ridership forecasts and estimated costs. It found the line could cost as much as $42 billion — largely depending on the type of train used — and that it could take decades to recover the cost.

http://www.cbc.ca/news/canada/british-columbia/high-speed-rail-vancouver-seattle-portland-1.4579100

Just me
Guest
Just me

300K is peanuts relative to what FIFA requires.

300K is just a trip reimbursement for 5 FIFA executives. We are talking big money with those crooks.

Just me
Guest
Just me

Totally disagree on this. If Toronto goes for it, it’s their loss. They are going to accept the legal bribing of corrupt officials, just for getting a couple of minor football games.

BC did the right thing, I am quite happy about the choice.

Fun does not mean condoning criminal behavior and bribing. If you think that is the case, it is your problem.

Just me
Guest
Just me

Even more worrying: in the mind of many B.C. Liberals the only way to have a thriving economy is to let criminals have their way.

Lack of enforcement is seen by them as a valid tool of economic policy. The BC Libs almost openly say that criminals and lack of enforcement create jobs (those jobs suck and don’t pay for life, but that is a detail).

Whistler or Bust?
Guest
Whistler or Bust?

RCMP arrest pipeline protesters at Kinder Morgan site in Burnaby http://vancouversun.com/news/local-news/rcmp-arrest-anti-pipeline-protesters-at-kinder-morgan-site-in-burnaby

Build a special shipping container prision and put everyone there until the pipeline is completed. These people aren’t above the rules or the law. 30 days behind bars for 1st offense and we’ll see how many if these boomers and paid protesters are willing to chain themselves to bulldozers.

Dave
Member

It’s ridiculous. The project was approved by following a lengthy process with endless consultation. It’s wrong for the NDP to tie up the courts to deliberately delay the project. They should be thrown in jail too for the exact same reason.

Name
Guest
Name

The NDP are just reflecting the public mood on this pipeline. It is a bad deal all the way and we don’t need a pipeline to ship crude oil to China along with the associated risks of a major spill. And your endless consultation was vested interests at all levels agreeing they need this pipeline. The consultation did not take everything into consideration.

Whistler or Bust?
Guest
Whistler or Bust?

Public mood is 50/50. There is a person for the pipleine for every person against it.

Don’t try to say these rent-a-prosters fundrd by US oil interests speak for everyone!

Selective Memory
Guest
Selective Memory

Kinder Morgan is a Texas oil company… But in your world, it’s the protestors who are funded by US interests?

Whistler or Bust?
Guest
Whistler or Bust?

The oil is Canadian who cares who builds the pipeline! It will mean we aren’t forced to sell it to the US at a major discount.

Best place on meth
Member
Best place on meth

Build it east if they want a better price. Eastern Canada needs oil and has refineries.

I don’t want to sell anything to china that will actually help those fucking vermin.

Now, selling them something deadly that will kill them in large numbers (something like fentanyl for example), THAT’S something I can get behind.

southseacompany
Member
southseacompany

“Mortgage renewals in 2018: Prepare for nasty rate surprises”, Globe & Mail

https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/mortgage-renewals-in-2018-prepare-for-nasty-rate-surprises/article38296271/

“Years of falling interest rates in the aftermath of the 2008-09 financial crisis taught a generation of home buyers that renewing a mortgage is a chance to reduce your payments. Now, we’re heading into the first wave of postcrisis renewals at higher mortgage rates.”

“Higher rates are just half the story. New mortgage-industry rules are complicating the process of taking your mortgage elsewhere if you don’t like the rate offered by your current lender.”

“For existing homeowners, the stress tests are a non-factor as long as they’re renewing their mortgage with their current lender. If they want to move the mortgage to a different lender, a stress test must be applied.”

backwardsevolution
Guest
backwardsevolution
Lost – “If we had NOT allowed HAM in, where would we be?” Our house prices wouldn’t be up in the stratosphere. Our city wouldn’t be a sea of hi-rises. Our traffic would be far less congested, and our communities would probably still be communities. You know, where people actually know each other and plan on staying more than six months. Our classrooms wouldn’t be full of people who don’t speak English and need special ESL instruction, leaving the English-speaking students to fend for themselves. Families, better able to buy a place of their own, probably would have had more children (because they could have afforded it). Instead they’ve been placed on a treadmill with no escape: daycare, spiraling costs, stressed-out parents. Our province would actually have been forced to produce something instead of just selling our raw resources. The… Read more »
Whistler or Bust?
Guest
Whistler or Bust?

Wow all of that is becasue of HAM?

Buddy what is your angle? You come here out of the blue and every 4th post is yours?

Please introduce yourself to the people who have been here for years and tell us your MO.

Just me
Guest
Just me
Yes. Vancouver for the past 15 years is a clear example of short-term gains, long-term pain. On the surface is all hunky dory: who doesn’t like development and jobs? But if you scratch the surface, you will see that development benefitted a small subsection of the population. And the jobs (so much hyped by the BC Libs) are not even paid enough to buy a place in Abbotsford. In exchange for this brilliant development, we got: an epidemic addiction crisis, rampant homelessness, congestion that makes it impossible or expensive to even go to work for many people, tax evasion by millionaires, recycling of dirty money into the RE market, cost of living that displaces local wage earners including doctors and similar professions, increasing corruption in the political system with cash changing hands and politicians cozying up to developers and Chinese… Read more »
Lost...but not Leased
Guest
Lost...but not Leased

COV VISION had 10 years to lead by example…..(hell they even have advantage of their own Charter).

What part of the” left ” is historically inept at either leading or providing solutions is not clear ?

Duly note Nanaimo is squawking about speculation tax…yet have (2) NDP MLAs.( Krog and Routley who must be feeling the heat)

backwardsevolution
Guest
backwardsevolution

Lost – who is squawking about the speculation tax in Nanaimo? The vested interests? The developers, realtors, speculators? I’ll just bet they are, and they have the money to get their voices out there.

Who isn’t squawking are the people who want to see an end to the blatant speculation. They are the silent majority.

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

backwardsevolution…

“I’ll just bet” many of the squawkers voted NDP……and feel somewhere between betrayed and pissed off at what the NDP have done. (FYI not all NDP voters are whinny granola- crunching millenials, many are actually well off /high income..dare I say “wealthy” ???)

A recent ” The Tyee” article duly noted how many MLA’s (including NDP)owned MORE THAN ONE ( hint 2- or- more ) PROPERTY.

However, you do have the right to support the incompetent vote- whoring party of your choice.

backwardsevolution
Guest
backwardsevolution

So what? The speculation tax is a temporary tax to halt the rampant speculation that’s been occurring in major cities. I’m sure these wealthy NDP, upstanding, caring citizens that they are, will want to do their part in helping to stop the madness.

Because the thing is that someone has to stop it. If not now, then it’s going to only get uglier as time goes on.

What a complete mess the Liberals have caused.

Whistler or Bust?
Guest
Whistler or Bust?

No one who is wealthy ever voted NDP dumbass.

Patiently Waiting
Member
Patiently Waiting

Are you serious?

bestplaceonearth
Guest
bestplaceonearth

One anonymous person’s opinion does not represent the vast majority population. You can only speak for yourself. Like you said, if the pensioners with limited income in six million dollars should sell his place, so should you move to another city that better off than the one you currently live.

backwardsevolution
Guest
backwardsevolution

The vast, silent majority does not like what’s happened to their city, but every time they tried to speak up, they were called “racists”. It worked for awhile, but no longer. People have had enough.

The Chinese will move back home as soon as the Ponzi unravels, taking their Fentanyl with them.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Those who use racial slurs are called racists. That’s how it works. Playing the victim seems to be the next step in their pathetic strategy.

Just me
Guest
Just me

You are confused about who the real racists are. But continue in your crusade, don’t let truth interfere with your opinions.

Best place on meth
Member
Best place on meth

They’ll never take their fentanyl back with them.

That’s ours to keep and treasure.

backwardsevolution
Guest
backwardsevolution

Just me – well said.

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

Re Victoria Mansion and Chickens controversy.

The building apparently is a 35 room ,8000 sq ft mansion on 2.2 acres of land,now a rooming house with 45 people, mostly low income.
Owner is Wei Tu. Goal is to bring 100 chickens to lay eggs, and help feed the residents.

In past, Tu tried to re-develop the property.

IMHO, she is trying to achieve “Farm Status”…aka under the current rules…if she can garner $2500 in gross income from farming activity
her property taxes will plummet. ( sort of the same scam Harold Steves is doing with his bogus farm)

Further to this, my understanding is if she goes beyond 100 chickens…then the marketing board gets involved.

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

Campbell, Clark..etc

Devils Advocate….
BC had a dysfunctional NDP gov’t for about 10 years(1990’s) and went through 4 premiers.
The NDP was slaughtered in the election won by Campbell…clearly voters had enough .
NDP were guilty of cronyism….fast ferries….public infrastructure had to pay union rates..etc.

Articles note how bad things were in BC prior to Expo 86, fearing COV becoming a future Detroit.
So, if we had NOT allowed HAM in..where would we be ? Could BC have survived going in another direction ?

Keep in mind that most Western Civilization jurisdictions have gone the RE route for major economic stimulus.

So…..I’ll leave that for debate.

YVR
Guest
YVR

Immigration and HAM is a federal responsibility. Over the past 30 years both the Conservatives and federal Liberals were in power. The provincial government can only be blamed for ignoring the issue the federal government created but it is the federal government that created it and it is sad the feds are not dealing with this. CRA, CMHC, BoC and immigration are all federal.

backwardsevolution
Guest
backwardsevolution

YVR – “CRA, CMHC, BoC and immigration are all federal.”

Of course they are, but I didn’t hear Christy Clark screaming to stop it, did you? Where was she? Where was Campbell before her? Totally absent and silent.

And they were totally absent and silent because they didn’t want things to change. You can only make spectacular money when CRA is looking the other way, when CMHC is taking on all of the risk, when the Bank of Canada is in the back pockets of big money and holds interest rates down, and when immigration numbers are jacked up to the moon.

A well-engineered and manufactured free-for-all from coast to coast.

YVR
Guest
YVR

“Of course they are, but I didn’t hear Christy Clark screaming to stop it, did you? ”

I don’t hear the NDP saying stop it either with respect to CRA, CMHC, BoC or immigration.

backwardsevolution
Guest
backwardsevolution

YVR – to be fair, don’t you think the NDP have got their hands full about now? It’s always easier to let things run rampant; a lot harder to put a stop to things in a fair way.

Lost...but not Leased
Guest
Lost...but not Leased
Good points YVR….. backwardsevolution is not a details person….seems enamoured by what is simply a default/populist party in Gov’t …..doesn’t seem to get the point that the NDP are rather indecisive and rudderless. So….modus operandi is to table budgets and legislation….see what does and doesn’t stick…and thus amend accordingly ? OK…Guichon decided “NDP + 3 GREENS” will be the Gov’t to rule over us…err…look after our best interests. NDP don’t need ex RCMP German report.????..which is simply a delaying exercise. The chokepoint is the dirty $$$$ in B.C. RE of which there must be mounds of evidence gathering dust ripe for prosecution….but NDP is going to go after “evil -granny- the- RE- hoarder” and her recreational property. Remove the cancer, then let the rest of the body heal itself..aka nail the dirty $$$…then let normal economic forces take over. NDP… Read more »
backwardsevolution
Guest
backwardsevolution

Lost – way to spin them! I am hopeful that the NDP can put an end to 17 years of corruption and the ruination of this province.

Actually they won’t be going after Grandma. That’s just your knee jerk reaction and another part of your spin.

When the fire was small, the Liberals could have snuffed it out, but they didn’t. Now it is going to take a fire hose.

Like any difficult subject, you don’t tackle it all in one day. I know, maybe the NDP could just do what the Liberals did – IGNORE IT!

Dyugle
Guest
Dyugle

The liberals did not ignore the problem they went on trade missions and actively helped grow the problem. They are the ones who pimped our city and province out to the highest bidder.

YVR
Guest
YVR

The point is the feds created the problem and are the ones who should stop it. They are still letting the same people in right now today. Taxing them is fine but I would prefer an outright ban on certain ‘newcomers’ and criminal prosecution for tax evasion for those who are already here. If a provincial politician yelled stop it publicly in the past they would have been called racists. It is only the last year or so this has been openly discussed as a problem.

backwardsevolution
Guest
backwardsevolution
The provincial politicians didn’t need to yell out publicly, but they certainly needed to yell out privately. Actually pick up the phone and blast the Prime Minister! Tell him that if things are not corrected immediately, you are going to have to tell the public about the rampant corruption that’s taking place, the money laundering, etc. Why wasn’t this done? I contend it’s because too many of their friends and donors were making money and they didn’t dare upset the apple cart. Too many trips to China by provincial politicians and their entourages to ever convince me that they truly wanted it all to end. These types of people are absolutely the worst types to ever get into positions of power within government, and yet over and over again the sociopathic types, who could care less about what happens to… Read more »
backwardsevolution
Guest
backwardsevolution

VYR – the Feds are undoubtedly the problem re immigration. They’re opening up the floodgates and the provinces are supposed to deal with the problem. What the heck is wrong with them? Who is pulling the politicians’ strings? Somebody is. Who? The real estate associations? The builders? Harper and Trudeau need to be in jail for what they’ve done to this country. And Trudeau is no better. I hear him mouthing the lines he’s been told to say. The guy hasn’t got a clue. Harper had a clue. Just too bad it was bad for the country.

YVR
Guest
YVR

I will also add the BC Liberals are the ones who brought in the foreign buyers tax and increased PPT for high end homes which the NDP just tweaked after pressure from Weaver and after prices went up 20%. The 2% spec tax is only supposed to bring in $200 million per year which indicates it will be toothless. A $200 M tax is a rounding error for HAM.

backwardsevolution
Guest
backwardsevolution
People were going nuts flipping assignments as far back as 2002. An article I read yesterday highlighted how one guy would buy a place with a long completion period. He would assign it to the next person for $300,000.00 more. Then the second person would assign it to a third person for $300,000.00 more. None of this money was taxed. Can you imagine if they did this 10 times? $3 million! Not a bad haul. They never added anything to our society, just pushed prices up. No wonder they were clamoring to get in here – a licence to print money! Now if I knew about flipping back in 2002, then it is a given that the government knew about it too, and yet they did nothing about it. Way too little way too late, YVR. Chinese numbers are way… Read more »
Just me
Guest
Just me

Vancouver is no Detroit. And we would be a much more livable and nicer city without HAM. Of course some people will try and claim the opposite is true. But you can tell they all have a stake in keeping the HAM money flowing.

backwardsevolution
Guest
backwardsevolution
Yes, and Detroit probably wouldn’t be Detroit if not for the U.S. multinationals moving all the jobs to China to take advantage of cheap labor and no environmental controls. In order to do business in China, the U.S. multinationals were forced to take on a Chinese partner. The Chinese then stole U.S. technology, technology that took years to develop in U.S. taxpayer-subsidized universities. These Chinese partners were members of the Communist Party of China, and they’re probably some of the people who came here and bought up Vancouver real estate. All for hitching a ride on the backs of the U.S. multinational corporations. 60-something per cent of all goods exported out of China and into the U.S. were from U.S. multinational corporations who had set up in China. Had there been tariffs applied to all goods that the U.S. imported… Read more »
backwardsevolution
Guest
backwardsevolution

Lost – “Articles note how bad things were in BC prior to Expo 86.”

Articles? You weren’t here? Where are you from?

You are working hard, Lost, at trying to place doubt and uncertainty in the NDP. What’s your motive?

Things were bad in B.C. prior to Expo 86? Yeah, they were. We had just gone through another housing boom (surprise, surprise!), interest rates were at nose bleed levels, and then it all came crashing down. The U.S. went into recession and Canada followed.

Same old, same old. You eventually run out of suckers.

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

Dude….(or dudette) I was born and raised here. I saw the carnage re RE in early 1980’s

I qualified comments as” Devils Advocate”.
NDP honeymoon period is ending.

What’s wrong with NDP being held to be accountable…they have never EVER shown themselves to be nothing more than default party when the center right has outworn its welcome.

backwardsevolution
Guest
backwardsevolution
Lost – “NDP honeymoon period is ending. What’s wrong with NDP being held to be accountable?” The Liberals were in power from 2001 to 2017, and they have absolutely ruined the province. It is unrecognizable. The province was sold for trinkets, just as it is every single time the big money interests get elected. The NDP came to power in July of 2017 and they are trying to undo some of the mess they’ve been left with. Can you just imagine the amount of corruption they’re having to sift through, the scams they’re uncovering? You can’t go forward until you know the past, until you can get a bead on what’s occurred, and that all takes time. Kind of like an accountant who’s called in after the CFO has absconded with the loot and he is asked not only to… Read more »
Bag it and tag it
Member
Bag it and tag it

“…if we had NOT allowed HAM in..where would we be?”
In a better place

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

Describe the better place…

Just me
Guest
Just me

A ace whete 1500 people do not die because of toxuc fentanyl from China. A place where drug money is not reinvested in real estate through Chinese gangs. A place where real jobs allow normal people to have a decent life. Where money laundering is not accepted as a cost of doing business. A place where tax evasion by millionaire migrants is not the norm. A place where displacement of locals through land hoarding is not seen as normal. A place where sport car owners are charged the real cost of owning and operating their vehicles. A place where politicians do not receive suitcases of cash from devopers like Christy Clark did.

I can go on if you want….

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

I am alluding to what type of economy would/could we have had…based on what ?
Logging??? Mining??? Manufacturing ??? ____________________????
Lets be pragmatic….
==========================================================================

ALSO: Duly note CSIS and RCMP tabled report ” OPERATION SIDEWINDER ” circa 1997 which vividly outlined the major influence China had on Canada (aka 20 + years ago).

Hmm..so who was in Gov’t back then?
……Federal Liberals and BC NDP.

Got it ?????

backwardsevolution
Guest
backwardsevolution

The Chinese weren’t coming to Vancouver 20+ years ago. Hong Kong was busy being handed back to China at the time. Several of my neighbors packed up and went back to Hong Kong, just like many of the Chinese are going to do when this is all over.

The Chinese really ramped up buying after the 2008 financial crisis, after China dumped trillions upon trillions into their economy in order to reinflate the world. Who was in power then? Let’s see, Harper and Campbell and Krusty.

Lost...but not Leased
Guest
Lost...but not Leased
Hong Kong and Mainland China different ? Hong Kong was the wedge that set the table for Mainland China…for 30+ years it was Mainland Chinese Gov’t..who do you think Li Kai Shing and Stanley Ho work for ? Oligarchs and Communism are, historically, a dovetail match. Operation Sidewinder circa 1997 named the Mainland Chinese Gov’t…go ahead and grant BC NDP and Fed Liberal immunity all you want….they have a record of failure when passed the torch. How many bullets are you gonna take for them ? We know about the sins of Harper, Campbell,Clark FFS…the issue is WHO is in charge N-O-W and are they gonna be any different ? Proof___??? or what was the last election all about?……perhaps Guichon royally f*cked up. Keep in mind that it’s Van Island MLA’s (3 GREEN’s plus a large NDP MLA contingent) that… Read more »
backwardsevolution
Guest
backwardsevolution

Lost – Horgan was sworn in halfway through July of 2017. They’ve been in office for 8 months. It will take some time to undo the corruption of the Liberal government.

Nobody is holding you hostage. I don’t care who you voted for. It doesn’t matter. All that matters is getting the corruption out of the province.

You don’t really want the NDP to succeed in stopping the speculation, do you, Lost? No, you are quite angry that they actually might succeed, and you have set out to stop them, hinder them any way you can.

Best place on meth
Member
Best place on meth

It’s already been 8 months?

NDP should have fixed everything by now.

WEAR EEBEE???!!

backwardsevolution
Guest
backwardsevolution

Is that an inside joke, “WEAR EEBEE”?

Lost...but not Leased
Guest
Lost...but not Leased
Re: BPOM link to the Vancouver Sun article on Lieutenant Gov Guichon…. BC election and who forms Gov’t. So….it could have gone either way ? Curious what tipped the scales…Sure NDP + 3 Greens formed a majority, but razor thin. She must have been aware that Greens would effectively use coercion, the NDP were not really free to govern. Is that what people voted for ? Weaver keeps chirping from the sidelines, while the NDP seem to have free rein to roll out their agenda . Looks like the NDP have totally botched the speculation tax…areas like Nanaimo and Kelowna are up in arms. Appears the damage is done no matter what the NDP do..the dreaded UNcertainty (like ICBC and ALR) Did Guichon figure out, or advised that Greens main agenda is PR, which is NOT what the majority want.… Read more »
backwardsevolution
Guest
backwardsevolution

They have NOT “totally botched” the speculation tax. They will get the kinks worked out. The grandma with the summer place she’s owned for the past 20 years will be exempted, but the blatant speculators will not.

Yes, Nanaimo and Kelowna developers, realtors, and speculators are screaming and whining. Would you expect anything less from them? Their gravy train is ending, and they don’t like it. The average person is happy to see an end to this madness, though.

The NDP are headed in the right direction, but big money will want to stop them.

The Lieutenant Governor made the right choice. She knew it then and she knows it now.

People want the wholesale selling out of their province and the corruption stopped.

Lost...but not Leased
Guest
Lost...but not Leased
No such thing as getting kinks worked out. Too late. In the very near future, people will be getting their property taxes, now they have to fear a “speculation tax”. The NDP initially stated BC residents (with BC income )with 2nd properties would be exempt..then the details rolled out indicating that they will get partial credit but could still pay thousands. So….what happens if you don’t pay…tax sale? Many of these 2nd properties are recreational….cabins etc that have been in family for years. They do not impact the rental market, their remote locale does not attract good tenants. Many of these rural-remote areas economies are dependent on recreational market. There are not many well – paying jobs to otherwise support them. If push comes to shove, people will bail, this facet of RE market will collapse and we will see… Read more »
patriotz
Member

“In the very near future, people will be getting their property taxes, now they have to fear a “speculation tax”.

Who? How many people in BC own a second property of any kind?
Now take away all the second properties outside the designated areas.
Now take away all the second properties that are rented out long term.
Now take away all the exemptions that the government is sure to introduce, i.e. for long term owners or seniors?
Who’s left? How many of these people do you think voted NDP or Green last time?

Lost...but not Leased
Guest
Lost...but not Leased
Patriotz : Who’s left ?? why don’t you tell us ? you are all over the map. NDP was too cowardly to try a more direct hit at HAM, so it cast the broader net that ultimately targetted Kelowna, Nanaimo, Gulf Islands and CRD etc. NDP could have determined a more targetted profile, or,even better put resources into going after laundered funds , taxes owed etc instead of MORE ad- nauseum studies. Lets try ” cause and effect” via start with dirty money first. NDP attempted to make a linear “blanket”argument that owning 2nd properties impact affordability and the rental market. In some cases yes…but not all, which even the NDP was aware of , which I outlined earlier. Now these targetted areas are calling for the policy to include ALL of BC….the dreaded tit- for- tat …..if they are… Read more »
backwardsevolution
Guest
backwardsevolution

Lost – speculators aren’t going to target Williams Lake or Sicamous. They’re targeting areas where they can buy on the cheap and then make a quick flip. Flipping is over, assignments are over. China is done.

backwardsevolution
Guest
backwardsevolution

Lost is just trying to scare people. He doesn’t appear to mind that the province has been sold out. Sad.

Best place on meth
Member
Best place on meth

It was an easy decision for Guichon to make, the only alternative was to call another election which nobody in BC wanted, other than the desperate Liberal party.

Guichon may be an old friend of Krusty’s, but she’s not stupid enough to screw over an entire province just to save the skin of one worthless politician.

Bag it and tag it
Member
Bag it and tag it

The reason the Green have so much power right now is because the issues that they are pressuring the NDP on, are issues that the majority of voters agree with the Greens, and as a result they are gaining in the polls. It’s this gain in the polls which is allowing them to wield power.

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

Weaver will have to make his move sooner than later…

NDP have made their no -brainer moves aka kill tolls etc. ..now BC citizens are waking up to NDP.

NDP budget policies are simply warm fuzzy works in progress, but already enough to create concern. The RE market was already “correcting”, but NDP seems to want it to tank..like ill-conceived speculation tax.

If NDP wants brownie points,,why not PURCHASE those vacant properties on False Creek?..and start building housing?

backwardsevolution
Guest
backwardsevolution

Of course people like you would like a “slow” correction, a correction that takes years. It was okay when we had a rapid escalation of prices, but the correction had better be slow and measured?

What a complete mess they have been left with by the Liberals who ran roughshod over the province, and then have the audacity to complain when somebody is attempting to clean it up? “Why don’t they buy those properties on False Creek and start building housing?” Why didn’t the Liberals? The Liberals just had fun and left the mess for someone else to clean up.

There’s enough supply just sitting idle out there. As the Ponzi unravels further, these units will come on line.

It takes years to undo Mafia-like damage.

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

Here we go again..
I am NOT..repeat NOT defending the Liberals..
…..but Where the F*ck are the NDP ?

False Creek properties have sat for 30 years…lets say 5 years under olde Socred gov’t ..then 10 years of NDP…..who much rather piss away million$$$$ on Fast Ferry than securing these properties.

Now we have NDP again…starting the class warfare .again..versus another golden opportunity to give their supporters hope , however token, on the affordable housing front. Everything else is a pipedream,…… whereas here the key is to secure the land FIRST.

How many beachballs do we need to lob to the NDP ?

Best place on meth
Member
Best place on meth

Donald Trump has made U.S. a much better bet than Canada, top fund managers say

http://vancouversun.com/investing/trump-tax-cuts-are-making-canadas-best-fund-managers-envious/wcm/6219ba1d-3df4-4fda-84c3-5aa84b599a7f

A reinvigorated U.S. economy under Donald Trump is a better bet than Canada, where a ticking consumer-debt bomb and declining competitiveness are dragging on asset prices, according to top-performing money managers north of the border.

Oracle
Guest
Oracle

Just the mention of immigration reduction in England have cause prices in London to go down by 15% in a year. 25% in rural areas.

After a few years when less immigration is actually happening, expect prices to be down by about 40-60%.

This is what we need in Canada. We need our immigration rate to be the average of the USA and England.

backwardsevolution
Guest
backwardsevolution

Trump wants to take U.S. immigration down to 600,000 per year. As we’re ten times smaller than the U.S., if we followed their lead, we should be sitting at 60,000 per year, not 350,000.

kabloona
Member
kabloona

Immigration isn’t the main issue, per se…it’s looming Brexit in 2019.

That’s putting a damper on London House prices.

Of course, immigration levels are a part of Brexit, but UK could always decide to raise or lower levels post-Brexit…

Big issue for London is International Companies leaving the UK ever since Theresa May refused to allow “passporting”…..

“Unilever Picks Netherlands Over U.K. as Base in Blow to May”

https://www.bloomberg.com/news/articles/2018-03-15/unilever-chooses-single-base-in-netherlands-in-blow-to-may

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Shhhh, Oracle wants everybody to think it’s all down to immigrants. He’s just a shit-stirrer.

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

SJW and social engineering have encouraged/created/facilitated low birth rates in Westernized Countries..aka all by design.

Then we’ve allowed immigration in aka under the propaganda of “Diversity”…”Multiculturalism”…etc to pick up the slack and increasingly create a fractured and balkanized society.

So..which is the lesser of 2 evils…more immigration??? OR let nature take its course ?

FYI, China is on a similar trajectory as Japan insofar as it’s population is aging and a low birth rate.

Specuskeptic
Member

So… we getting a Saturday free-for-all?

Bubble
Guest
Bubble

Vacant tax sale: 4410 W. 3rd Ave. Vancouver (empty since last sale) Open House
Listing Price: $5,688,000

http://www.realtylink.org/prop_search/Detail.cfm?areatitle=&ARPK=&ComID=&agentid=&MLS=R2236817&rowc=1&rowp=1&BCD=GV,FV,VI&imdp=10096&RSPP=5&AIDL=10109,9&SRTB=P_Price&ERTA=true&MNAGE=0&MXAGE=200&MNBT=0&MNBD=0&PTYTID=1&MNPRC=5600000&MXPRC=9000000&SCTP=OPEN

Sale Date
May 15, 2015
Sale Price
$3,850,000

Sale Date
August 2, 2011
Sale Price
$3,750,000

Sale Date
June 18, 1993
Sale Price
$985,000

CRA221
Guest
CRA221

Does the City of Vancouver have an online lead reporting on empty homes……

Sometimes it’s worth it in case the owner “forgot”

Best place on meth
Member
Best place on meth

Beautiful, these are the kind of locust vermin we want to expel from our country.

Look at that little fucker hired as the realtor, he looks like he’s right out of Mao’s red army. Does he even speak English?

kabloona
Member
kabloona

Chairman Mao jacket…beautiful.

Just me
Guest
Just me

Wow.
Talk about assets’ inflation.

Pools and Wilkins should have a look at it. Perhaps they can print some more money.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Inflation adjusted S&P returns would have been about the same assuming reinvested dividends.

Doomcouver
Member
Doomcouver

The stock market is in a massive bubble as well.

Just me
Guest
Just me

But the taxation is very different!

By the way, I mentioned assets not houses.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

How would it be taxed differently if it’s not been a principal residence, as originally stated?

Just me
Guest
Just me

It would not. the question is what will be declared by the offshore owners when the time comes.
The pics show the place is totally empty, nobody has been living in there!

Shut It Down Already (original)
Guest
Shut It Down Already (original)

We know it’s empty. And was since the last sale. That was stated along with the original link. Hence me saying it wouldn’t be taxed preferentially compared to stocks. But of course you chose to move the goal posts as usual.

patriotz
Member

“The Swiss-based organization (FIFA), still reeling from the FBI’s 2015 crackdown on (its) massive bribery and kickbacks, requires host governments agree to grant it huge tax breaks for an entire decade and allow it to import and export unlimited amounts of foreign currency,” Bob Mackin reported. “FIFA also requires host taxpayers pick up the full bill for safety and security and assume liability should there be any security incident of any size.” “(The host city) is also requested to grant exemptions from labour law and other legislation for companies and personnel directly involved with the competition,” the agreement reads.

All of that to host three soccer games? What kind of government, what kind of politician, would sign on to that? You might as well be bidding to host a Mafia convention.

http://nationalpost.com/opinion/chris-selley-some-welcome-pushback-from-b-c-and-alberta-to-fifas-world-cup-racket

kabloona
Member
kabloona

I wish most of the Jockocracy would just die a quick death and put us all out their misery….

Start with Aquilini’s gawd-awful excuse for a hockey team….nothing more than tax breaks for a Billionaire, also apparently dedicated to embarrassing the City of Vancouver.

Just me
Guest
Just me

FIFA got even worse since Blatter resigned for the bribe scandals. They became even more corrupt.
I am quite proud we said no,to them, the gains would not justify the costs.

Whistler or Bust?
Guest
Whistler or Bust?

She was certainly no Gordon Campbell who despite the DD charge and the HST lie will go down as one of BC’s best premiers.

patriotz
Member

Campbell was right about the HST, just wrong in how he tried to bring it in. But the achievement which he will deservedly be remembered for is brining North America’s first carbon tax over considerable opposition from his own party.

But one of BC’s best premiers? He doesn’t hold a candle to WAC Bennett, who made BC a place where working people had it good. Campbell explicitly or implicitly reversed many of WAC’s achievements – ironically more of his than the NDP’s.

Selective Memory
Guest
Selective Memory

Started out as a developer for god’s sake — add that to his list of sins. Campbell’s the one who really figured out how to sell the province out from under us.

Dave
Member

I think Campbell was a good guy. I think Clarke sold us out.

I think Campbell was a real leader. I think Clarke was a two faced dirty rotten conniving self-serving scumbag.

Selective Memory
Guest
Selective Memory

A few more notable accomplishments of Gordon Campbell:

•Cancelling entire sittings of the legislature — who needs a democratic opposition?
•Massive expansion of gambling — who doesn’t love the smell of fresh-laundered money?
•Winter Olympics — who doesn’t love opening the floodgates of foreign speculation with a multi-billion dollar taxpayer-funded party?
•IPP run-of-river projects — who doesn’t love crony capitalism and legislated profits? Even better if it undermines the finances of a public power utility.
•tearing up negotiated contracts — who doesn’t hate teachers, not to mention the rule of law? (The Supreme Court, apparently.)
•BC Rail — who doesn’t love rigged bids on government fire-sales?

Hard to understand how anyone who believes in free markets could think much of Gordon Campbell.

Best place on meth
Member
Best place on meth

Gordo did his best to try to destroy public assets so he could sell them off to his donors for peanuts.

Name
Guest
Name

campbell was a liar he said no hst and then brought in the hst. no sale of bc rail and then sold bc rail which was not his to sell in the first place it belonged to the people of bc. and a drunk driver to boot. dd’s are not ‘good guys’. he was an elitist who governed for the 1%.

Dave
Member

Some DD are not ‘good guys’ and some are. All of them are flawed people. We’re all flawed people. Hopefully this crash doesn’t take your glass house with it.

Name
Guest
Name

Sure good guys drive impaired and risk killing other innocent people. You defend that reality. Never mind his blatant lying to the people of bc.

Just me
Guest
Just me

Well. There seems to be a lot of agreement Christy Ckark was a scumbag. As we learn and understand better what she did, it is difficult to think otherwise.

Yet, many people in this Province voted for her less than a year ago. Those people should also pay a price for subjecting all to the torture of the last ten years. Many of them profited handsomely.

Best place on meth
Member
Best place on meth

“The lieutenant-governor will see you now”

A fascinating account of the night Christy Clark desperately tried to hold on to power, and lost.

http://vancouversun.com/entertainment/books/the-lieutenant-governor-will-see-you-now

Just me
Guest
Just me

I enjoyed the read. But I think Rob Shaw’s account is a bit skewed towards making Clark look good. She is described like some kind of dignified leader, unjustly booted out by an unlucky fate.

She is anything but a victim of the circumstances. She is a cunning, calculating individual, She sided with the rich and powerful. She courted the ethnic vote to the point of occasionally looking ridiculous in her quest for approval. She condoned crime and money laundering, betting that people would condone them too as long as “the economy” chugged along.

Most importantly, she ignored the plea of the manny thousands of honest tax-payers who had had enough of Chinese millionaires laundering their money in Vancouver, making it virtually unaffordable for its residents. Christy Clark failed us all.

Specuskeptic
Member

What a wonderful, gripping story… More to come, I’ sure. (You know, the parts where bribes are uncovered, arrests made…. that kind of thing)

paulb
Member

New
158
Price Change
44
Sold
117
TI:8743

http://www.clivestevepaul.com

southseacompany
Member
southseacompany

“The Payback Continues”, RBC Monthly Housing Market Update

http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/housespecial-mar18.pdf

“The roller coaster ride that was Canada’s housing market in 2017 has continued this year with resales posting another sizeable decline in February. As with the drop-off in January, declines were widespread across the country though the pull- back has been particularly sharp in less affordable markets like Toronto and Vancouver. “

Fullfrontalabotomy
Member
Fullfrontalabotomy

https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/mortgage-renewals-in-2018-prepare-for-nasty-rate-surprises/article38296271/

David Larock of Integrated Mortgage Planners said he’s starting to hear from homeowners who are taking in this shift in rates. “I get e-mails from people once in a while to say, if you can get me my old rate of 2.49 per cent, I’d be happy to renew,” he said. “I have to break their hearts.”

When folks have been at the helium getting laughs for years, coming back down to reality is heartbreaking.

Doomcouver
Member
Doomcouver

A spike in delinquincies is probably coming very soon. Continually lower rates and rising home equity has made it easier to renew every year up until very recently. The fact the new OSFI rules have also shut the door on lengthening re-amortizations will have borrowers stuck between a rock and a hard place. In my estimation house price collapse is more likely now than any time since the 2008 mortgage crisis.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Why would there be delinquencies? Anybody who didn’t buy in the very recent past can simply sell if they’re in financial distress.

Doomcouver
Member
Doomcouver

Delinquincies will increase likely for two primary reasons: unemployment in the real estate sector ( and collateral industries), and overstretched finances running head-first into higher interest rates. If your house is underwater then selling won’t necessarily get you out of financial distress. Add to that in a panic it will be very difficult to sell at the same time everyone else is attempting to.

Ben
Guest
Ben

The problem with housing is gains are magnified and so are losses. Remember a 10% drop in prices may not sound like much but if you bought with 15% down or less recently you are essentially wiped out. A more than 100% loss after fees). And try telling that to detached owners who are having great difficulty unloading their homes at the moment. And if rates keep going up and with B20 you think people will be clamoring for million dollar mortgages? Unless Chinese money can swoop in we are screwed (and even then Most Chinese also need to borrow).

Specuskeptic
Member

If they’re lucky, they’ll get what they paid for the properties minus fees and whatnot…. There’s also that mortgage breaking penalty that affects many. “Simply” is probably not the most accurate adverb in many cases.

Sebastien
Member
Sebastien

That would put downward pressure on prices.

KickThemOut
Member
KickThemOut

Look at this fucking locust scammer hag – bilking investors out of billions, and screwing tens of thousands if not hundreds of thousands of patients. Thank goodness we don’t allow this kind of criminals in Canada, nor let anyone pulling this kind of shit get off with a slap on the wrist.

https://www.zerohedge.com/news/2018-03-16/was-sec-sending-tesla-message

Doomcouver
Member
Doomcouver

Dot-com bubble 2.0?

Laibach
Member
Laibach

“Thank goodness we don’t allow this kind of criminals in Canada”

Oh, we do, we do. Not even we let the locust shit in but we give them honorary special VIP treatment at the highest level.

http://nationalpost.com/news/canada/b-c-firm-developing-tech-startups-in-china-accused-of-fraud-not-paying-employees

Laibach
Member
Laibach
Laibach
Member
Laibach

and another… so what are you talking about we let a plenty of such shit in.

A Chinese-Canadian businessman was charged Thursday in connection with an alleged fraud and money-laundering case involving hundreds of millions of dollars and thousands of investors in China.

http://business.financialpost.com/news/fp-street/police-seek-arrest-of-chinese-canadian-businessman-in-fraud-and-money-laundering-case

Raincity
Member
Raincity
Best place on meth
Member
Best place on meth

Realtor threatening in mandarin to send the “Harbin mafia” to kill someone.

Naturally, she’s still walking free and selling real estate.

This is Vancouver after all.

Just me
Guest
Just me

Probably many of her customers see that behaviour as a proof of strength.

She gets the job done, right?

Name
Guest
Name

From 2017

Just me
Guest
Just me

An oldie but goodie!

Lest we forget…..

kabloona
Member
kabloona

Yes, I actually missed that one…..thanks!

Just me
Guest
Just me

“This model of taxation is based on a proposal by Tom Davidoff, a professor at UBC’s Sauder School of Business. It proposes rewarding those who live, work (or worked) and pay taxes in our province by exempting them from this surtax which will be paid only by those who own property, but don’t pay income tax in BC.”

“The target of the new tax is clear: those who speculate in our housing market without contributing to what makes our communities a wonderful place to live, and refinements will occur as the tax goes on to ensure that unintended individuals and families are not impacted.”

YVR
Guest
YVR

“This model of taxation is based on a proposal by Tom Davidoff”

Davidoff’s proposal also included reducing income taxes by the same amount. The NDP forgot that part.

patriotz
Member

“Davidoff’s proposal also included reducing income taxes by the same amount. The NDP forgot that part.” You are confusing two different proposals at different times:

in a paper Davidoff wrote with his MIT classmate Saku Aura, he demonstrated that markets like Vancouver – where it’s hard to build – actually need higher property taxes and lower income and sales taxes…

(later) Davidoff started working with Somerville to draft a position paper for the government; Joshua Gottlieb from UBC’s Vancouver School of Economics soon joined the group and together they proposed the B.C. Housing Affordability Fund. The plan involves taxing owners of vacant properties and those who don’t pay Canadian taxes, and then returning the 1.5 per cent surcharge to local residents.

http://www.sauder.ubc.ca/News/2018/How_two_UBC_Sauder_profs_are_trying_to_fix_BCs_housing_market

Laibach
Member
Laibach

Any model that could work should be similar to repellent or pesticide. Enable a host organism to live and function but exterminate parasites and vermin.

https://www.hunker.com/13406587/how-to-get-rid-of-locusts-in-the-garden-organically

Shut It Down Already (original)
Guest
Shut It Down Already (original)

They are jumping through a lot of hoops trying to make this head tax on Chinese look like it isn’t a head tax on Chinese.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Grow up, dumbass.

Name
Guest
Name

Says you. Ha.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Strong argument.

Best place on meth
Member
Best place on meth

“Grow up, dumbass” is a far superior argument.

patriotz
Member

“They are jumping through a lot of hoops trying to make this head tax on Chinese look like it isn’t a head tax on Chinese.”

Quite the contrary, they came right out and said “satellite families” which everyone knows means Chinese. Of course legally it will apply to anyone whether they come from China or Burkina Faso.

Best place on meth
Member
Best place on meth

Yes, it doesn’t matter where they come from, even though 99% of them come from Locustland.

Just me
Guest
Just me

You’ ve gotta love David Eby!

Just me
Guest
Just me

Below, Patriotz linked to this excellent letter by David Eby. Reposting to increase visibility, it is excellent!

http://davidebymla.ca/newsletter/issue-update-speculation-tax-housing-action-2018/

Just me
Guest
Just me

“Recent articles by Sam Cooper in the Vancouver Sun, and Kathy Tomlinson in the Globe and Mail, have outlined damning allegations connecting the laundering of hundreds of millions of dollars in proceeds of crime and our local real estate market.”

“Our beneficial ownership land registry in BC will be a leader in Canada, and will follow the successes (and build on the challenges) experienced by other jurisdictions like the UK which have also adopted similar mechanisms. By knowing the true beneficial owner, Revenue Canada, the RCMP, and other enforcement agencies can ensure our property market is not used for money laundering or tax evasion.”

Just me
Guest
Just me

“According to a recent study by Transparency International Canada, almost 50% of Vancouver’s most expensive properties have ownership structures that conceal the true owner of the property.

Transparency International Canada’s research, which I supported by providing land title documents to them to facilitate their review, revealed opaque residential property ownership structures like offshore trusts, numbered companies with lawyers as sole directors of the company, and “students” and “housewives” as purchasers of properties valued in the tens of millions of dollars.

The research showed that more recent real estate transactions were far more likely to use opaque structures than older transactions. In other words, they observed that the problem was getting significantly worse, not better.”

Shut It Down Already (original)
Guest
Shut It Down Already (original)

50% of a tiny fraction.

Just me
Guest
Just me

“Another major initiative that has gotten little attention, but may ultimately be more significant than the speculator’s surtax will be a new “beneficial ownership” registry of property ownership in the province. This registry will require the disclosure of the actual owner of properties in British Columbia.”

“… concealing a true owner, and a system like British Columbia’s current system that permits the true owner to remain hidden, prevents regulatory authorities from cracking down on any number of harms, including tax evasion or money laundering.”

Harry Wang
Guest
Harry Wang

“A torture for the eyes”: Chinese moviegoers think Black Panther is just too black

https://qz.com/1226449/a-torture-for-the-eyes-chinese-moviegoers-think-black-panther-is-too-black/amp/

Best place on meth
Member
Best place on meth

Maybe they’d prefer a blockbuster movie called “Yellow Locust”.

That’s a horror movie we’ve all seen, unfortunately.

Dave
Member

Maybe that’s a good way of cooling our housing market. Open immigration to Africa to scare the HAM away. Or maybe make Black Face politically correct again for Halloween and Zweirt Pete for Christmas.

Best place on meth
Member
Best place on meth

I want those illegal Haitians resettled in Richmond and the west side immediately!

All 50,000 of them!

GO! GO! GO!

SilentBob
Guest
SilentBob
KickThemOut
Member
KickThemOut

They should also stay away from Batman movies too.