Friday Free-for-all! March 23rd 2018

It’s the end of another work week and that means it’s time for another Friday Free-for-all! This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

NDP with 5 point lead
Fed rate hikes
Who will run for Mayor?
Not concerned about debt levels
3 in 4 houses sold below asking
AI replacing RE agents

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

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

What can I say..

FIRST !

Burnabonian
Guest
Burnabonian

Check out reddit.com/r/bitcoin

Phenomenal parallels to this forum.

Half the users claiming they know the technical reasons why BTC must go this way or that, the other half mocking them.

Mutual derision between the believers and the nonbelievers.

Half the users lamenting that they didn’t get in early enough that their driveway is full of Lambos. The other half saying “for the love of god get out before bankruptcy”.

And if you read between the lines, you get the sense that most of them actually haven’t seen much if anything in the way of positive yield. At all

And the yield that the vocal do describe is never commensurate with the risks that they are taking.

Sound familiar?

Strata Hacker
Guest
Strata Hacker

Burbonian,

I think your analogy is completely misguided and speaks to the fundamental lack of understanding that bears have about housing. For the vast majority of people their homes are not speculative investments. Bears seem to have no grasp of the very significant implications of this. To equate homeowners with bitcoin speculators clearly shows why bears have been so wrong about housing all along: they don’t really grasp why most people prefer owning to renting, even when the “numbers”seemingly don’t make sense to myopic bears.

Burnabonian
Guest
Burnabonian

Umm, you might want to google the meaning of speculator.

If you buy it with the expectation of selling it for more, you are a speculator. That is the definition.

The only people who don’t consider the future selling price of a million dollar asset (and who wouldn’t care if they sold it for less) are money launderers and maybe billionaires.

Google the difference between Speculation and Investment and surprise yourself.

Strata Hacker
Guest
Strata Hacker

Your condescension is wholly misplaced, Burbonian. I am well aware what the definition of speculator is. I just completely disagree with you that the reason people buy homes is for the sort of speculation you claim underlies their actions. Typical myopic bear that equates a small part of the reality with the whole reality.

I think you are the one who is ignorant regarding the vast benefits of home ownership, with or without price appreciation. The home ownership rate in Canada is pretty constant in both good times and bad. People still prefer owning, even when prices are not escalating wildly. This fact completely debunks your cockamamie theory. So you are wrong to ascribe speculation as the underlying motive of home ownership.

Burnabonian
Guest
Burnabonian
I think that you are talking about the warm rosy feelings that people get when they switch from paying rent to paying a mortgage. I don’t deny that this warm flowing wetness blooms between the legs of most prospective home buyers and is the primary driver of middle class home purchases. What I am talking about is the simple fact of purchasing something that produces no income. If you have an expectation of a selling price that is more than zero, you are a speculator. Because you have speculated on its’ future value. Full stop. If you bought it only for it’s usefulness and have no expectation of being able to sell it for any price, you might be an investor. My contention is that 99% of buyers would give a shit whether it went to zero. This makes 99%… Read more »
Burnabonian
Guest
Burnabonian

PS to clarify:

1) If you would have refused to buy if you couldn’t sell it later, you are a speculator by definition
2) This makes 99% of YVR RE buyers speculators

You wouldn’t resell a cheeseburger; you bought it to use it. See the difference?

If you don’t believe me, look at the price of any home on leased land. It gives exactly as much value as a home on freehold, but the price is usually 90% less.

The reason is that it’s only useful to people who want a place to live, not to people who expect the ability to resell it in the future. Aka speculators.

Strata Hacker
Guest
Strata Hacker
Burbonian, Then all stock and bond investors are speculators by your definition. Every single one of them since they all expect to resell their securities one day for more than zero, without exception. If they had no prospect of selling in the future they would dump all of their securities immediately today. Regarding housing, this most certainly does not apply. I do not believe you have adequate knowledge of people and their motives to offer insight into housing. I disagree that 99% would not own housing but for the prospect of higher resale. That would apply to many things, but for housing the number would not be anywhere near 99%. This is evidenced by the high home ownership rates all over Canada, even in places where prices have languished for decades. Do those places have a 1% ownership rate? How… Read more »
Burnabonian
Guest
Burnabonian

Most owners of stocks are speculators: Unless you bought your stocks only for the dividends, you are definitely a speculator.

It’s not *my* definition, for the record. I am not making this up.

It’s also not pejorative. It just is what it is.

Re-read my post:

“If you have an expectation of a selling price that is more than zero, you are a speculator. Because you have speculated on its’ future value. Full stop.”

Note that I did not say “higher than you paid”; just “more than zero”.

If you expect to sell it later, for ANY price, you are a speculator.

If you bought it only for the benefits that it gives you, you are an investor.

Most people are both at the same time.

Strata Hacker
Guest
Strata Hacker

Both at the same time is much closer to the reality than your original assertion, I will give you that.

Burnabonian
Guest
Burnabonian

Both at the same time != less of one or the other.

If you smoke crack AND Marlboros, does that make you somehow less of a crackhead?

Burnabonian
Guest
Burnabonian

PS to return to my original point, namely that BItcoin markets are highly comparable to YVR housing markets, (i.e. bouyed on sentiment and speculation and underpinned by almost nothing,) I would go further by saying that those into BTC espouse it as an investment far more often.

Think about it: When was the last time a Vancouver homeowner told you that you should buy and own because it’s a nice place to keep your things? Almost never — they tell you to buy because of expected future value. Including on this blog.

At least in BTC there is the principle of HODL.

In YVR we don’t scream HODL; we scream FLIP!!!!

bestplaceonearth
Guest
bestplaceonearth

a housing bear blog used to compared housing market and expensive chocolate bars. What happened to that bear blog? It folded years ago! remember Vance @ VHB, any one?

bestplaceonearth
Guest
bestplaceonearth

Stupid bears are also speculators. They have been betting that market would go the other way so they can get a piece of it. They also speculate that the new taxes from the NDP will help cooling down the market, so they can get a piece of it or lower rent. Unfortunate for stupid speculating bears, the market has never been in their favour since 2004!

Burnabonian
Guest
Burnabonian

100%. I am a speculator.

Difference is I don’t deny it.

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

You’ve clearly never looked at the sales prices of leasehold properties on either UBC or around Granville Island.

Burnabonian
Guest
Burnabonian

LEASEHOLD
4107 Salish Drive
Price = $164/square foot

FREEHOLD
6115 St. Clair Place
Price = $1003/square foot

10 seconds on realtor.ca

No idea whether they are comparable but did note that they are SFD within a few blocks of each other.

Strata Hacker
Guest
Strata Hacker

That is a good point SIDA, completely debunks his hypothesis of 99% speculators.

Burnabonian
Guest
Burnabonian

OK, tell me what percentage of Vancouver homeowners don’t care about their home’s value for any reason?

bestplaceonearth
Guest
bestplaceonearth

Does record low inventory ring a bell to you?

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

BITCOIN charts seem to imply a BULL TRAP…..the price peaked in Dec.18 2017….approx. 26,000 CDN
….then dropped to 8,700 CDN early Feb, 2018
……..14,700 CDN in early March,
….approx, 11,000 CDN March 22.

Classic Bull Trap…

Bag it and tag it
Member
Bag it and tag it

Bitcoin has no value…it’s impossible to say what the price should or shouldn’t be at any time, so it’s always rather amusing when people use the charts for technical analysis.

Burnabonian
Guest
Burnabonian
Well I wouldn’t go that far. The IRS will put you in prison for not declaring your Bitcoin gains. I bet BTC feels pretty real to some Americans right now. In concrete terms, BTC is a medium of exchange and a store of wealth and has been for almost a decade. https://thenextweb.com/hardfork/2018/03/22/bitcoin-dutch-court-value/ Sure, it is not backed by gold but neither is your paper money. Paper money, BTC, or tulip bulbs are only valuable because people currently agree that they are. This is why I love the parallel to YVR Housing. A crack shack is only worth ten million because a very small group of people currently agree that it is; NOT because it has fundamental underlying value. If I had to choose between putting $10MM into a crack shack or putting the same $10MM into BTC right now today,… Read more »
bestplaceonearth
Guest
bestplaceonearth

Such a losing position, no wonder, rent is due in a week!

Best place on meth
Member
Best place on meth

You’re better off with the crack shack.

It will lose value less quickly than bitcoin.

Burnabonian
Guest
Burnabonian

Do you know that?

I don’t.

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

I’m just presenting some accessible data…people can make up their own minds.

Any party considering investing in BitCoin should do a LOT of homework…(like majority of BitCoin is held by minority of people.)

Ultimately, it will follow the basic pattern of all investments…nonwithstanding the risk via competing cryptocuurencies .

Hyper-mega-Bull
Member
Hyper-mega-Bull

if you want to compare and contrast bitcoin and vancouver real estate compare and contrast the actual assets instead of the comments people make about them. once you do this you will gain new knowledge.

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

Methinks Bitcoin has added an extra variable into peoples investment choices..perhaps leaving historical options like GOLD as an afterthought.

Gold has not been doing much over the past few months, ..but comparable to RE….takes a lot of funds to simply become a player, let alone a successful investor.

Burnabonian
Guest
Burnabonian

Real estate = sticks and mud
Bitcoin = numbers in a computer
Usefulness = variable depending on your situation
Exploited by money launderers to sneak money out of despot countries = yes and yes
Usefulness to money launderers temporary = yes and yes
Has become trap for middle class retail investors who assume that wild price appreciation is somehow sustainable = yes and yes
No plausible mechanism for prices to stay this high = check and mate

Hyper-mega-Bull
Member
Hyper-mega-Bull

when do you expect the vancouver real estate market will crash?

Burnabonian
Guest
Burnabonian

Just after the bubble and just before the recovery.

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

On LAST post, I commented on 3 GREEN party MLA’s Weaver, Furstenau and Olsen.
…what a crock we have them effectively running BC and why.

Burnabonian
Guest
Burnabonian

Running BC?

BC just spent $6B on an LNG project. Does that sound like the Greens are running it?

The paradox for the Greens is of course that they can stop this at any time; they just have to relinquish power to do it.

Wait til you see the mental gymnastics they go through to justify letting this slide.

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

Read The Tyee’s Andrew Nikiforuk’s articles….

Neither LNG nor Oil production in Alberta nor BC have long term futures.

China is apparently poised to go BIG TIME into electric vehicles…which would make Kinder Morgan pipeline a bad idea.

So…where is the NDP support coming from?….the environmentalists?..or union members…?..do we see a fractures/wedge developing?

specuskeptic
Member

The wedge crosses party lines – it’s urban v. rural for the most part.

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

On the last VCI topic I posted that all (3) Green MLA’s ridings are clustered at the Southern end of Vancouver Island..

……..(2) “rookie” Green MLA’s(Olsen and Furstenau) each won by approx. 4,000 votes and also NDP was in 2nd place in both.

So..effectively (3) NON MAINLAND ridings in a tiny corner of BC decided the fate of the rest of BC…
Conversely, if the NDP had won these (2) ridings, much different story instead of what Lt. Gov. Guichon imposed onto us.

This is what we want ???

Royce McC
Guest
Royce McC

I want a legislature that more closely reflects where citizens have cast their votes.

Parties that secure 18% of the vote should not be limited to 3% of the seats.

Parties that secure 39% of the votes should not have an unchallengable majority.

Even though I might support parties that benefit very well from this system, I can still very comfortably say that those opposed to a more representative legislature need to suck it up on this one.

None of these clown-fool parties and politicians – even the tiny number I find remotely palatable – should have the kind of out-sized clout that FPTP gives them.

Accountability is a *****. Deal with it.

Selective Memory
Guest
Selective Memory

You seem troubled that the Greens hold the balance of power with only 3 seats. But of course they won 16% of the popular vote, which would give them about 14 MLAs if seats were fairly allocated. Maybe you’d feel less outraged if we had PR?

Whistler or Bust?
Guest
Whistler or Bust?

How does the electricty get produced for those 250 million vehicles?

Best place on meth
Member
Best place on meth

It’s either fairy dust, unicorn horn powder, or coal.

I doubt it’s coal.

Burnabonian
Guest
Burnabonian

Or distributed.

Dyugle
Guest
Dyugle

And they will generate the electricity to power the cars by burning coal. The world’s co2 emissions went up last year due to increased emissions from China. It will keep rising and LNG could be used to arrest this. To bad the greens only care about BC emissions and not the world’s. Instead they will see natural gas stranded in northern BC dropping the price so low it will make new tar sands projects viable. So their stance against LNG will result in increased coal and tar sand production increasing world wide co2 emissions but lowering BC’s. NIMBY or what?

Sebastien
Guest
Sebastien

Here’s a question for the bulls: At what amount are you going to call the top? 1,000,000$ for a condo in Mission?

Burnabonian
Guest
Burnabonian

This is the magic of a YVR RE bull. They don’t believe in tops. They don’t believe in fundamentals.

The only thing they believe is that they have discovered an asset class in which all assets are undervalued all the time.

And profit taking is only done by bears and losers.

Whistler or Bust?
Guest
Whistler or Bust?

Hard to argue with their track record.

Burnabonian
Guest
Burnabonian

I do it all day successfully.

Strata Hacker
Guest
Strata Hacker
Sebastian, I will bite on your stinky bull bait: At the beginning of last year I wrote on this forum (prior to the rate hikes) that the wildly escalating prices of real estate in many hot spots around the world were reflecting stealth inflation and monetary debasement. I postulated that the QE experiment was revaluing money more generally, whereby millions were becoming routine amounts, billions were becoming like millions and previously unheard of trillions were becoming like billions. Something like that, anyway. You get the drift… Now back to your Mission condo question: considering Elon Musk’s new pay package is worth something like $55 BILLION, I would say a Mil for a Mission condo dump is exactly where we are headed. Sounds about right and fair, whether you and I like it or not. What bears have failed to understand… Read more »
Burnabonian
Guest
Burnabonian

They say the same thing about Bitcoin and underground bunkers.

If what you are claiming is true, and all fiat currency is going to be revalued by the Illuminati and the Rothschilds, do you think they would let a billion landowners tag along? Doesn’t that sort of defeat the purpose?

How about Occam’s Razor, which states that if you make it really really easy to borrow money people will use it to flip houses to each other like dummies.

Which do you find more plausible?

Strata Hacker
Guest
Strata Hacker

Why reference Illuminati? That’s just ignorant. Monetary debasement is part of the mechanism of money itself, this was well know by the Romans and even earlier for example. That is why gold was a store of value and why property remains a store of value. You can’t print land.

A salary of 55 BILLION was unheard of untill recently. Makes a MIL for a Mission condo look perfectly reasonable.

Bears need to wake up to the reality of money unfolding around them.

Burnabonian
Guest
Burnabonian
It is normal and it is called inflation. It’s a few percent per year, and any time it’s higher the RICH people freak the fuck out and do everything they can to slow it down. You seem to be claiming that our monetary system is secretly being forced through 20% annual compounding inflation and only the WOKE homeowners really know what’s happening? Do you realize how that sounds? If this is your idea, remind yourself that the victims of speculative bubbles *always* claim that we are at a new normal….right before they get flipped over and done dry. I don’t disagree that wealth distribution is more unequal now than it has ever been. And tech CEOs make a lot of money. But if you think that the way to protect yourself is to go deeply into debt and overpay by… Read more »
Sebastien
Guest
Sebastien

The CEO of etoys was probably paid a lot too.

Sebastien
Guest
Sebastien

“What bears have failed to understand is that real estate is the single best store of value during times of vast monetary debasement.”

Actually no, there are plenty of other assets that soar during high inflation times: artwork, railways, ports/airports, some stocks ( utilities, resource extraction, etc…), water rights and others go higher than condos.

Burnabonian
Guest
Burnabonian

Also the stock market.

Sebastien
Guest
Sebastien

Astronaut mama sale:

4788 Angus Drive, Vancouver
Feb 13:$9,988,000
Mar 22: $7,890,000
Change: – 2,098,000 -21%
Ass: $5,896,000

Whistler or Bust?
Guest
Whistler or Bust?

At least there’s an 8 in the price.

Laibach
Member
Laibach

It looks like fucks are still alive and motivated otherwise who would shell out that kind of money for a regular home?

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

Next Vancouver Mayor ?

I wonder if the center left voters have a clue how the left has failed them. VISION had 10 years to make a difference but only made things worse. Probably brain dead and blame the right of center.

Canary in the mine for both VISION and NDP are those 6 vacant False Creek lots.

Sebastien
Guest
Sebastien
I have a proposal for any bull ready to listen. I’m ready to sponsor such an endeavor. I would like an author to write a sc-fi book that would be the ultimate RE bull porn fantasy. Here’s the into: In 204X, Vancouver has an average SFH price of 40,000,000$ while wages haven’t gone up in 60 years. All industrial parks have been converted into condo hoods ( a la Riverside). UBC and SFU doesn’t offer any degree in English anymore. On Robson street, only the ultra luxury stores ( Tiffany’s, etc…) are surviving the 100,000$/month lease. The only industries remaining in town are retail (workers work on a fly-in/fly-out basis), residential real estate, and (sadly) prostitution. The story would follow a locust astronaut family like in the movie “Boyhood”. They arrived in 2018 and the story ends when Vancouver becomes… Read more »
Oracle
Guest
Oracle

Come to India. Present Day.

Land prices (thus housing) way detached from incomes. The landlord class life of luxury because worker class can’t pay rent. Yes can’t pay rent. So they are given free accommodation in exchange for indentured labour and access to girls on occasion

I know this may sound a bit strange but that’s the truth. It’s going in that direction here.

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

I’ve heard that INDIA population will surpass CHINA’s in the near future.

Economically, could INDIA surpass CHINA ?
Globalists and oligarchs like to move around……

Best place on meth
Member
Best place on meth

India will surpass china economically very quickly once Trump is done with china.

Whistler or Bust?
Guest
Whistler or Bust?

China won’t let it. You don’t think they don’t have levers to pull? They might deserve it but those two countries are too intertwined for anything major to happen over the long term.

Best place on meth
Member
Best place on meth

How does china retaliate?

Stop buying US food because the US stops buying their useless plastic garbage?

Ok, they can starve.

Whistler or Bust?
Guest
Whistler or Bust?

The price of all the things American’s buy from China will go up by the tarriff.

They can slap tarriff’s on any American companies doing business in China.

Whistler or Bust?
Guest
Whistler or Bust?

More likey boys…

Lost...but not Leased
Guest
Lost...but not Leased
Sebastien… Not too far fetched… With little if any coincidence to the contrary…. Look at Richmond…52% Chinese via stats…which in reality is more like 60+ % My guess is in 10 years Asians will dominate politics, rest assured corruption will be even more rampant. Even if RE corrects by 50%….home ownership is still out of reach. Jobs?? what Jobs?….people will flee the Cities. VCI posters say that Mainland Chinese will eventually leave…just like Hong Kong. Really? Joker in the deck is the condo market….inventory rises by the thousands of units each year..clearly not sustainable and the inevitable crash is due any moment. COV is already a ghost city…it can only get worse. I’ve often referred to Detroit…in early 1980’s, after the RE collapse they feared Vancouver would end up like Detroit, so welcomed Chinese money with open arms. Did this… Read more »
Selective Memory
Guest
Selective Memory

Vancouver has kind of turned itself into Detroit already — we’re a one-industry town. Take away real-estate and what’s left to keep the city going?

Ironically, Detroit has become a giant real-estate play, with huge chunks of the downtown owned by the Quicken Loans billionaire. Will Detroit end up like Vancouver? Scary thought!

kabloona
Member
kabloona

I snickered at your simile……. Vancouver and Detroit.

But have you ever been to Detroit…..?

Detroit, Michigan makes Windsor, Ontario look like Paradise….

😉

Burnabonian
Guest
Burnabonian

People from Detroit drive through Whalley and the DTES and can’t believe what they’re seeing.

Strata Hacker
Guest
Strata Hacker

Sebastian,

I don’t think any bull could compete with you in the fantasy casting department. You bears have that all sewn up for yourselves.

Sebastien
Guest
Sebastien

I thought of that but as a -80% bear, the book might be too negative. I want a bull who would like to describe how society would work in those conditions.

Oracle
Guest
Oracle

Now is the time for you to support the NDP on housing.

There is a massive attack going on on the Speculation Tax. Listen to CKNW and hear the 180.

Wow.

War.

Write every MLA and support this. Otherwise they will backtrack.

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

Re AI and RE agents?

Dr Jordan Peterson commented how lower rung lawyers are increasingly unemployed….based on many parties are researching legal matters via the internet.

Futurists are stating that MD’s could be replaced…..robots etc will perform diagnoses….robots perform surgery etc.

This begets the question….whats the tipping point re: what role do people play if robots increasingly perform tasks ?
Programmed to be NDP supporters lol ?

YVR
Guest
YVR

100 years ago if you wanted to build a building you dug a hole in the ground by hand. Now a tractor does it. What changed? Instead of having 100 guys employed digging holes you have 1 guy and dozens more who manufacture and service the tractor. Do you ever think it would be better to go back to manually digging holes so there are more jobs? Nope. In the future you will not miss the doctors and lawyers either when you can go online and solve your issue easier and cheaper.

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

Speaking of building….
BBC article: China’s Zombie Factories and Unborn Cities..

China has used more concrete in 3 years between 2011 and 2013 than the whole USA as used in 20th century.

They have zombie factories and ghost cities ( zombie factories simply operating for the sake of employment and avoiding bankruptcy )

Does it register with people that we are mimicking China re our RE…….a zombie economy ?

specuskeptic
Member

More from the Beaverton https://www.thebeaverton.com/2018/03/couple-housewarming-party-successfully-pretend-arent-praying-housing-bubble-crash/

“Couple at housewarming party successfully pretend they aren’t praying for housing bubble crash”

“In addition to putting aside savings and speaking to a financial planner, the Kirkmans have also taken to actively and repeatedly envisioning the utter collapse of Toronto’s housing market. “I don’t know if it still counts as ‘positive visualization’ if it’s this spiteful, but either way I’ve got my vision board and a well-worn copy of The Secret,” Jessica confessed. “

Shut it down already (original)
Guest
Shut it down already (original)
Shut It Down Already (original)
Guest
Shut It Down Already (original)

And you wonder why you’re a failure?

Name
Guest
Name

you talking to yourself again ?

Diadora
Guest
Diadora

China’s Growing Influence on the West and Its Politics
https://www.youtube.com/watch?v=E5vUaCj0QGI

ostritch
Member
ostritch

Looking at Paul’s list of recent sales, I see a Kits 2-bd basement in a heritage conversion going for $1,238,000.00. Unbelievable. Prices are up not down.

Oracle
Guest
Oracle

They are going up in Valley too. To many trolls here pretending to be bears. NDP needs assurances now. Write to them

backwardsevolution
Guest
backwardsevolution

Oracle – it always happens at the end of a boom. The “stupid” money jumps in while the “smart” money has long gone.

backwardsevolution
Guest
backwardsevolution
China says you can’t have one foot in two countries without losing benefits: “Shanghai has become the first mainland city to enforce a ban on its registered citizens from holding permanent residency in other countries – for example the US green card. The new rule was announced on the municipal public security authority’s website earlier this month and said Chinese citizens “settling down abroad or obtaining other nationalities” should report to the police to revoke their permanent residency, which is known as hukou. Holding a hukou conveys a number of rights on householders, for instance access to social welfare services and local schools. Once lost or surrendered, it is very difficult to regain. The Shanghai Permanent Residency Management Rule which will be effective from May 1, states that those who have not already revoked the hukou should tell the relevant… Read more »
Oracle
Guest
Oracle

Wow

Sebastien
Guest
Sebastien

If this speads to other cities, we might see a flood of listings in Van West.

backwardsevolution
Guest
backwardsevolution

It’s certainly going to get some of them going back home. They don’t want to be Canadian. They’re Chinese.

Name
Guest
Name

Canada should not allow dual citixenship either.

Sebastien
Guest
Sebastien

Agree.

Burnabonian
Guest
Burnabonian

The basic Bull thesis always distills down to “furriners gon’ keep brangin’ thur ill-gottin gains furriver”.

Which is so patently absurd it makes my teeth hurt.

CHINA DOES NOT WANT CAPITAL FLIGHT!

CHINA DOES NOT WANT ASTRONAUT FAMILIES!

CHINA DOES NOT WANT CORRUPTION!

CHINA IS FIGHTING BACK USING ALL THE CONSIDERABLE RESOURCES OF THEIR AUTOCRATIC SURVEILLANCE NIGHTMARE DYSTOPIA!

How can anyone think that the current paradigm will remain the same on a timeline long enough for you to flip houses?

My thesis is that once it’s called “The Vancouver Model” by the newspaper AND INTERPOL, the only thing a criminal knows is that his secret is blown and he needs to GTFO.

Diadora
Guest
Diadora

I hope Canada and China share infos and their families on these assholes that has taken advantage of both countries.

Burnabonian
Guest
Burnabonian

They have a data sharing agreement.

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

Data Sharing……so what?
Why aren’t the foreign locusts being shipped to China in bulk?

Oh..right….our blessed legal community will take dirty $$$ and have case dragged through the courts…as well as the olde bromide of insisting China does NOT execute those potential extradition candidates.

Conclusion= don’t hold your breath..
…….the “Vancouver Model” will soon move from De Facto to DE JURE ” official sanction”.

Best place on meth
Member
Best place on meth

Our legal system should not be available to locusts, period.

Whistler or Bust?
Guest
Whistler or Bust?

They lose welfare and school access?

Wow – they whole reason they leave is to gain real welfare that is not $5 a month and real medical care.

Meaningless for the rich.

backwardsevolution
Guest
backwardsevolution

Not meaningless if you can steal Chinese money and park it somewhere – anywhere – safe from prying eyes.

Polozi Scheme
Guest
Polozi Scheme

Vancouver should have Hukou for its citizens (and no Hukou for non citizens living in Vancouver) just like China does.

backwardsevolution
Guest
backwardsevolution

Dirty money not welcome in Hong Kong:

“Travellers in and out of Hong Kong will need to declare if they are carrying more than HK$120,000 (US$15,300) in cash, after a new law to tackle dirty money comes into force in mid-July. […]

Failure to declare could lead to criminal prosecution with a maximum penalty of two years in prison and a fine of HK$500,000.”

http://www.scmp.com/news/hong-kong/law-crime/article/2138336/travellers-hong-kong-must-declare-large-sums-cash-under-new

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

Cui Bono…
So…whats in it for Hong Kong?
…..probably the backwash from the “Vancouver Model”….

It’s no secret that Dirty and Dubious $$$$ has circulated between Hong Kong…Mainland China and Metro Vancouver( Canada).

So..what DO you DO??
You clean house so as to avoid , at minimum, guilt via association. aka Hong Kong cleans up (while Eby..Horgan and NDP fiddle while Rome burns).

backwardsevolution
Guest
backwardsevolution
Lost – NDP are not fiddling. They first have to follow the paper trail, and then they have to do things legally. Besides, if I was dropped by helicopter onto a runaway train speeding out of control, do you think I could stop it on a dime? And that’s just one train on a single track, not thousands of instances of corruption. I am just amazed at people. After years of complete corruption and thievery, apparently the new government is supposed to have rounded up everyone, tied them in pretty bows, and sent them scurrying back to China! Eby just went to Ottawa re money laundering and gangs. Our own Federal Government is actually looking the other way, on purpose, but somehow Eby and the NDP are supposed to override them and lasso the perpetrators! Seems to me many on… Read more »
Patiently Waiting
Member
Patiently Waiting

The one good thing about this process taking a long time is we are constantly reminded of how bad things became under the BC Liberals. The last poll had them at 29% in the Interior, behind the BCNDP. I think even some of their base supporters are starting to understand they can’t be trusted to govern again for a long time, if ever.

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

I will refer again to Operation Sidewinder(circa 1997)

The RCMP and CSIS identified Mainland Chinese(corrupting) influence in Canada(NOTE: 1997 same year Hong Kong returned to MainLand China.)

BC NDP was in Gov’t back then.(till 2001). So….. WTF happened? NOTHING!

Eby, Horgan etc. could have made a big issue of this foreign capital while in opposition..so WTF happened?…. NOTHING!

We can tar the Liberals all we want, but NDP has a lot to answer for.
As I see it, do NOT hold your breath….NDP wishes to instead focus on the ENVY tax on Canadian citizens..much like CRA will focus on waiters/waitresses tips rather than money laundering etc.

backwardsevolution
Guest
backwardsevolution
Eby and Horgan have both said they had no idea that the corruption and money laundering was as big as it was! Who knew the whole story, aside from the insiders? It was a very well-kept secret. But you can bet some knew, and they just kept their mouths shut. Today we have found out that you don’t have to put down on your passport the city or country of your birth. Why not? We have found out that CRA was looking the other way on declaration of income. We have found out that the RCMP were told to stand down re money laundering. Land Titles became less transparent (some time ago now). Then we’ve got no tax paid on assignments (and realtors went to town here), the Census being changed, shell corporations and foreign assets being pledged as collateral… Read more »
Just me
Guest
Just me

Totally agree with backwardsevolution.
In more than a decade, not a single politician has raised a finger.
Now that finally the NDP has put in place some serious measures to tackle high house prices, they get blamed like (and perhaps more) than those corrupt crooks that put us all in this situation.

They will have to withstand the force of many entitled homeowners that want to keep their privileges. I think everyone else should support them, whether left or right leaning.

Best place on meth
Member
Best place on meth

WEAR EEBEE!!!???

Whistler or Bust?
Guest
Whistler or Bust?

He’s the next leader of the NDP.

Best place on meth
Member
Best place on meth

I believe you’re right, but it’s going to be a few years.

backwardsevolution
Guest
backwardsevolution

Oh, Canada, our home and dual-citizen land! True unpatriotic love in all thy corrupt command.

“Just before the Lunar New Year holiday, China’s embassy in London posted a “special reminder” on its website warning that China did not recognise dual nationality.

“The embassy will invalidate the related documents of anybody who violates Chinese law and deny Chinese visas and entry to that person,” the notice said. […]

Dual passport holders have used various ways to enter and exit the country undetected.

Canadian passport holders, for example, are allowed to leave their place of birth blank, denying Chinese authorities a vital piece of identifying information.”

http://www.scmp.com/news/china/policies-politics/article/2134570/entry-denied-identity-crisis-facing-chinas-covert-dual

So we aid and abet the criminals by allowing them NOT to enter their place of birth on their passports. Way to go, Canada! Way to sell out your country!

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

It’s not a crime in Canada and thus not Canada’s responsibility to enforce the laws of another country.

Royce McC
Guest
Royce McC

And if exploitation of sex workers – including those who would be deemed below the age of consent here – is not really a crime in another nation, then that nation has no responsibility to enforce the laws of another country?

Filling in “place of birth” hardly seems like an over-the-top ask. I’m actually curious why it’s considered a priority to keep the ability to omit this information.

backwardsevolution
Guest
backwardsevolution

Royce – probably the same reason they changed the Census a few years back, so you can’t get a bead on what’s really going on.

Royce McC
Guest
Royce McC

Oh, to be clear: I definitely think the real answer is a bit of column A (preservation of loopholes) and a bit of column B (bureaucratic inertia). But I’m more wondering what they would advance as the “official” rationale for justifying this situation. Because it’s tough to imagine a spin that isn’t a reeeeeally big stretch.

specuskeptic
Member

Birthplace is among identifiers that might indicate someone’s ethnic identity which may put them at risk when traveling to certain other areas. Very few would want to be outed as Jewish if they were traveling in some areas of the world, for example.

Royce McC
Guest
Royce McC

Interesting. I wonder if that is the official position advanced by the government.

specuskeptic
Member

I think it’s been policy for awhile now.

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

“Jewish” is an interesting definition.

Most people have no clue on what it actually refers to.

backwardsevolution
Guest
backwardsevolution

Do you mean the whole passport laws of Canada are changed to protect the few Jews who might happen to be born in Israel? Because if they were born in Germany, Russia or France, it wouldn’t be a problem.

Only stating “Israel” might present a problem, and only if this handful of people were thinking of travelling to Syria (especially the Golan Heights) or some other Muslim country. Unless they were part of Mossad, I doubt they’d go there, anyway.

specuskeptic
Member

That was just an example. There are other, similarly sticky situations where folks would be safer in locales if their place of birth is unknown.

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

Man ..do you jump to conclusions. Oy Vey !!!
Very simple point tabled…lobbed you a beachball……do some homework..FFS.
Should have the answer in 30 seconds or less.

PS…..Are you spawn of SIDA ?
…..aka hatched ?

backwardsevolution
Guest
backwardsevolution

On page 1 of the Adult General Passport Application is a blank space that reads: “Place of Birth: city, country”.

Why would Canada allow someone to leave this space blank? What would be their motive? Gee, they wouldn’t be wanting to aid and abet corrupt Chinese citizens, would they? “Come to Canada! You don’t even have to fill in the ‘place of birth’ space on your passport if you’re Chinese.”

Canada doesn’t see a need to enforce their own laws either. How about money laundering? How about declaring next to no income?

Canada, a country wide open to crime.

Laibach
Member
Laibach

“Canada doesn’t see a need to enforce their own laws either. How about money laundering? How about declaring next to no income? Canada, a country wide open to crime.”

Canada is a multicultural state, therefore, supports other cultures, especially traditional ones in every possible shape and implementation. Tomorrow they will be pillars of Canadian statehood.

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

Actually…we(native born Canadians) just got back from the Service Canada offices.
( BTW..talk about feeling like a minority….almost the only Caucasians in there…..including Staff )

What a f*cking gong show.

Tried to renew passport??? ….oh..its expired…have to do the LONG form (UGLY!!!)

SI number req’d for certain documents……oh..now you need a serial number…well why the F*ck isn’t there one on the last SI document?

Basically..BE ADVISED ……….all your old existing documents could be worthless if you go in to apply for any updates etc.

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

Your passport had been expired for over a year then.

I mean, it written on their fucking website that you cannot renew in that situation if you’d only bothered to read it.

People like you are the reason the line is so long.

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

Geez…..was some modicum of respect and decorum here on VCI……then, unfortunately ” usual suspect” has to unleash some of their typical condescending diatribes.

Gov’t is there to serve….not engage in make- work projects of increasing red tape to further encumber/enslave their citizens.

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

They served you by putting all the relevant info clearly on their website. It was your mistake. But you seem to enjoy blaming others for your failure.

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

Some people would face persecution if it be known by their country of origin that they took a second citizenship. It’s about protecting citizens of Canada. Nothing do with aiding and abetting criminals, dumbass.

backwardsevolution
Guest
backwardsevolution
I doubt very much whether they’d face persecution because they decided to become a citizen of another country. It’s the fact that they want to have a foot in “each” country that’s the problem, isn’t it? The benefits of both worlds? Do you mean that if he put down his city and country of birth, someone might start asking questions? Might wonder how a former low-paid Chinese civil servant is now living on the West Side of Vancouver and how he got his funds? Might start looking at the finances of the State-Owned Enterprise (SOE) the guy was running in his home town? So many questions and not enough transparency to find the truth. Is there an extradition treaty between China and Canada? If not, why not? When you break the law, take bribes or steal funds, you usually don’t… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

Doubt it all you want. There’s more than one other country in the world. You fools are just obsessed with China for some reason.

Laibach
Member
Laibach

Lol, you fucking talking about Chinese and China’s obsession…

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

It’s hard to say what you’re talking about most of the time.

Just me
Guest
Just me

You are truly ridiculous. Let’s facilitate their criminal behavior, right? It would be racist to do otherwise.

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

Did you even read what I wrote? Or did you read it and fail to understand it? It’s not a crimel in Canada, so by definition there is no criminal behaviour.

You’re literally the dumbest person I’ve ever encountered.

Just me
Guest
Just me

Canada is pursuing criminal behavior of mining companies breaking simple rules,of conduct abroad.
And yes, I would expect that Canadians breaking rules in other countries should not be aided to do so.

These people are clearly behaving against both letter and spirit of their country of origin. It is not our duty to facilitate that. It is as simple as that.

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

Once again (and hopefully finally) the letter and spirit of other countries is not our responsibility when there is no overlap with our own laws. Nothing is being facilitated.

Just me
Guest
Just me

And yet, we have the dubious honor of being the favorite country fro Chinese corrupt bureaucrats and “investors” to launder their money and move their families. The evidence is quite overwhelming, we even have something called the Vancouver model.

Obviously, we are in no hurry to restrict these money flows.

Just me
Guest
Just me

We have aided and abetted money launderers from China for the best part of the past 2 decades, Why are you surprised?

Canada has a lot of white-collar, polite, corruption. Homeowners will pretend to be horrified by illegal behavior, while voting for the very people who make sure that behavior continues undisturbed.

Canada is a great country to be superficially good, while condoning terrible behavior as long as it is profitable.

Best place on meth
Member
Best place on meth

“Ryan is part of several generations of Chinese who left their country of birth for education, careers, family or freedom, and became passport holders of other countries without renouncing their Chinese citizenship. They held on to their Chinese identity cards and renewed their Chinese passports for various reasons – to make it easier to buy and sell property on the mainland, to be able to send their children to Chinese schools and to have access to the Chinese health system.”

What patriotic citizens of no country these fuckers are.

Just me
Guest
Just me

This is the definition of passport of convenience, if ever there was one.

paulb
Member

New
123
Price Change
39
Sold
110
TI:8916

http://www.clivestevepaul.com

Just me
Guest
Just me

Inventory dropping? I really cannot believe it. We do need to implement these speculation taxes asap.

YVR
Guest
YVR

Implement it. They are about to roll it back before it even starts.

backwardsevolution
Guest
backwardsevolution

The detached market is rolling over, the smart money has left or is trying to leave (that’s why they want us to shut up), and the dumb money jumps into less expensive markets like condos.

YVR
Guest
YVR

Anything under $2 million is still going parabolic. In other words 98% of the market.

backwardsevolution
Guest
backwardsevolution

Not in my neighborhood. Eight signs up on the lawns; been there for weeks now.

YVR
Guest
YVR

Inventory is at historic lows for this time of year. Prices are still trending up for most of the market. For sale signs on your neighbors lawns are irrelevant.

Just me
Guest
Just me

My informed guess is that prices might be growing by 20% or more if it was for Christy Clark.

You are making the mistaken assumption things would be better under the BC Libs. I think you are totally wrong.

the SFH market is dead. Discounts are rampant. Most transactions are in the cheaper categories. The trickle-down effect will eventually cool down that sector as well. But we do need to implement the taxes to keep prices from picking up again.

The NDP will need to hold steady and follow up on the budget.

specuskeptic
Member

Inventory is at the low end, but calling it a “historic low” is disingenuous. It’s third or fourth lowest in the last decade by these charts http://housing-analysis.blogspot.ca/

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

When we have the official figures for revenues generated by this tax do you plan to ignore them? It’d be good to know in advance.

specuskeptic
Member

OK… Monday then LOL

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

Just saw an NDP ad on TV

Promoting the “Speculation Tax”……….I kid you not.

Seems to indicate the NDP are knee deep in this issue……catering to their support base and everyone else can go to hell.

backwardsevolution
Guest
backwardsevolution

The housing situation really IS the biggest problem at the moment, isn’t it? At least they’re not over in China taking bribes and selling out the country like the Liberals were.

Lost, your true colors are showing. I don’t think you want the NDP to succeed at all.

YVR
Guest
YVR

Horgan just got back from China FFS.

Best place on meth
Member
Best place on meth

How many did he kill?

backwardsevolution
Guest
backwardsevolution

YVR – yes, and what did Horgan discuss with China? Are you privy to that information? What was discussed? Money laundering and how to stop it? Stopping the outflows of illicit funds? Chinese gangs and casinos?

Somehow I doubt very much whether it was some Krusty Clark junket, you know, trying to drum up more criminal business, bend a few more laws.

YVR
Guest
YVR

Horgan was there to sell out BC to the highest bidder.

backwardsevolution
Guest
backwardsevolution

YVR – you don’t know that. You have no idea what was discussed.

YVR
Guest
YVR

But you know what was discussed when the Liberals went over?

backwardsevolution
Guest
backwardsevolution

Yes, we all saw the results of the Liberal junkets. “Come one, come all, B.C. is up for sale!”

YVR
Guest
YVR

Actually that is a fake quote. Carol James actually said new comers welcome. They strengthen our province. Note prices are up 20% under the NDP so that shows the NDPs results.

Just me
Guest
Just me

No need to do that Christy Clark already sold whatever we had a few years ago.

Horgan was talking commodities, not housing. His budget showed as much.

We just need to make sure that entitled homeowners don’t push him to revert things. But I fully confide in David Eby to stand strong against the revisionist tide!

Best place on meth
Member
Best place on meth

He’s going full oracle.

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

As I said before..I did NOT vote Liberal…but who cares what you want to deduce without proof ?

I’ve lived through enough BC Gov’ts…. including NDP…. to know when to call a spade a spade….

This is shaping up to be the worst NDP Gov’t ever…perhaps THE worst BC Gov’t ever….

YVR
Guest
YVR

“This is shaping up to be the worst NDP Gov’t ever”

That is a tough bar but I think you are right. Horgan has no clue and will go down as the worst premier ever.

backwardsevolution
Guest
backwardsevolution

I think that “the worst premier ever” spot has been taken by Christy Clark, unfortunately for her.

Name
Guest
Name

and Gordo the drunk and brown paper bag VanderZalm.

YVR
Guest
YVR

If true the Liberals would not have won the most seats and the popular vote in ht elast election. Compare to the NDP 16 years ago where they won 2 seats and the former NDP premier was arrested and charged with corruption. Horgan will beat out even Glen Clark by the time he is done.

Just me
Guest
Just me

The BC Libs started from a vast majority, she managed to squander it. She was truly horrible.
She catered only to homeowners and special interests. She bet the house that ever-increasing house prices would get her re-elected and she lost the bet. Big time.

To top it all off, there is now increasing evidence she was actually corrupt. Literally taking money (in cash). Ask people who knew her, see what they tell you.

YVR
Guest
YVR

“The BC Libs started from a vast majority”

Which Christy Clark won in the previous election. Compared to the NDP who have not won a majority or minority government in 5 elections.

That would be NDP = 0 and the Liberals = 5. 2 of which were under Christy Clark.

Bag it and tag it
Member
Bag it and tag it

“I did NOT vote Liberal”
Translation: I was too lazy to vote, but if I did I would have voted Liberal.

Just me
Guest
Just me

I think they should cater to their base. What is the point of p[leasing people who would never vote for them anyway?

And the housing situation in Vancouver is a complete crisis. They will gain votes, not lose them, if they hold steady and implement the tax.

I would vote for them again if they do that.

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

What’s the point of appealing to those who would never vote for you when you’re clinging onto power through a disfunctional collation you ask?

backwardsevolution
Guest
backwardsevolution

Thank goodness they’re in power. I couldn’t imagine another few years of the corrupt Liberals.

Just me
Guest
Just me

You think they have a better chance to convince homeowners to vote them?
If you put together Green and NDP votes, you get around 60% of the electorate. That seems a fairly decent mandate to change things.

Entitled homeowners will whine. Let them. Nobody is buying their sob stories. Tax evading millionaires. The majority of BCers is clearly against them. Otherwise, they would not have voted the way they did back in May.

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

Autocorrect didn’t help but I said it’s not a functioning coalition. It won’t last and cannot be counted on in future. They neee to broaden their appeal.

Just me
Guest
Just me

they will broaden their appeal if they implement taxation of idle RE speculation and stop home price growth. that is the best, most secure way the NDP has to get more votes.

The majority of BCers have said clearly that they do not want to see Chinese millionaires running the Province. Whoever executes that wish will get voted in.

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

You do not speak for the majority and no survey of that nature was ever conducted. If you’re talking about the election then you’re even more clueless than I imagined.

But I guess you at least accepted that they need to broaden their appeal. Thats a start. You’re learning something, just slowly.

Just me
Guest
Just me

“If you’re talking about the election then you’re even more clueless than I imagined.”

A large majority voted to get rid of the BC Libs last May. It is a matter of record, not interpretation.
The key topic of the last election was housing. The BC Libs lost their argument on housing. Draw your own conclusions.

The NDP should broaden its appeal. But that is not going to happen if they backtrack on their housing tax reform. The latter would narrow, not expand, their appeal.

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

“I think they should cater to their base”

“The NDP should broaden its appeal”

You’re not very good at this.

Just me
Guest
Just me

Why are you surprised? They should cater to their base and convince others that they are right. That’s the only way forward.
Backtracking would be political suicide for the NDP.
Are you in disagreement?

Best place on meth
Member
Best place on meth

“The majority of BCers have said clearly that they do not want to see Chinese millionaires running the Province.”

http://www.cbc.ca/news/canada/british-columbia/vancouverites-support-tax-poll-1.3700421

Correct, 90% is a majority.

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

Intersection cameras…
Looks like NDP are going Photo Radar 2.0…NDP seems like they can’t let go of the past

Current intersection cameras are apparently triggered by parties who run red lights..while the NDP now aims to also go after speeders.

Yeah right NDP…all about priorties…… right ???

Best place on meth
Member
Best place on meth

Do you want people to run red lights and speed through intersections?

Why do people in this city whine about laws being enforced?

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

No…has zero to do with running a red light.

………….as it stands. what the NDP are proposing (….and like Speculation Tax….zero clarification as we speak…..) if you enter an intersection ON A GREEN LIGHT going say 51 km/h (aka 1 km over the limit), you could be nailed with a ticket …as technically you are “speeding”…..capisce’?

I recall with photo radar they claim that speeding was defined as going 10 Km/’h over the limit.

My personal experience re accident scenes at intersections indicates parties engaged in making turns tend to be the main problem.

YVR
Guest
YVR

Just another nail in the NDP coffin. These fools never learn. I wouldn’t be surprised to see another fast ferry project announced soon. The NDP repeat the same old mistakes over and over again. I wonder if Horgan is getting a new deck built by a casino operator as we speak.

Selective Memory
Guest
Selective Memory

I’m sure the folks who engineered the coup against Glen Clark are wondering if they could pull it off again.

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

Logistics imply, (and ignoring political persuasion), 10 years is the ” Best Before” date at least for leaders of a given political party.

More recent examples include Gordon Campbell and Gregor Roberston.

Slag the BC Liberals all you want..whatever…..but the left- of- center party aka NDP has no hesitation to whip out the shanks and stab the incumbent leaders in the back…aka the BC NDP had 4…..count em FOUR…. Premiers in their last kick at the governance can.

PS That’s what commie bastards do…….

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

It won’t be 1km/h over as you need to account for variation in speedometer calibration. And decreasing the yellow time will mean some will accelerate to clear the intersection. Of course that’s not safe, but you’ll then realize that the problem was actually manufactured by the presence of the camera not fixed by it.

You’re right that making turns is generally the problem. Lack of patience when visibility is compromised by an oncoming car making the opposite turn I’d say it’s pretty high on that list, as is pedestrians being given the green to cross whilst cars might turn into them (possibly from behind). But as you imply, cameras won’t fix those.

MarKoz
Member
When a light turns yellow, motorists proceeding straight through the intersection are supposed to stop to allow left turners to clear the intersection. In Vancouver, that never happens. Motorists proceeding straight through the intersection keep coming until (and even after) the light is red. At law, if you turn left into the path of someone running a “pink” light, the motorist proceeding straight through is primarily, if not totally, to blame for the accident. There is a catch though. The burden is on the left turning motorist to prove that the motorist approaching from the opposite direction ran a “pink” light. Without a witness, that can’t happen. Many accidents caused by motorists running stale yellow lights are deemed to be the fault of the left turning motorist, simply because there is not witness to support the left turning motorist’s version… Read more »
Just me
Guest
Just me

What exactly is wrong with making intersections safer for pedestrians? This seems just reasonable legislation. You don’t get ticketed if you don’t drive like a nut job at intersections.

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

Making things safer is always how they sell it simply because it’s so hard to argue against. But next thing they’ll do is decrease the time of the yellow light and start adding cameras in places that generate the most revenue rather than at accident hotspots. This happens pretty much everywhere and there’s no reason to believe BC will be the exception.

Just me
Guest
Just me

The places that generate most revenues are, by definition, prone to accidents.

You just don’t like what this government is doing about housing. Probably you even think it is racist, right?

YVR
Guest
YVR

“The places that generate most revenues are, by definition, prone to accidents.”

You try so hard to be smart but fail miserably. Do you even have a clue what you just said? Revenue is generated by tickets where drivers exceed the speed limit or go through red lights not get in an accident. In most cases this would be areas where the speed limit is lower than is safe or yellow lights are short. Naturally people drive faster in safer conditions. This would mean areas where there are fewer accidents get more tickets. The NDP has given this revenue to the city’s which encourages them to lower speed limits and reduce yellow light time in order to increase revenue.

backwardsevolution
Guest
backwardsevolution

Housing is correcting as we speak.

Whistler or Bust?
Guest
Whistler or Bust?

Proof?

Name
Guest
Name
Just me
Guest
Just me

Your convoluted explanation makes little or no sense. And there is not a shred of evidence you even know what you are writing about.
Cameras have been shown to help manage traffic at busy intersections. I will take the evidence against your word.

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

Dumbass, you said cameras generate the most revenue “by definition” at the most unsafe intersections. That is simply not true. It’s only your fault if you cannot comprehend that. But it’s hardly the first time you’ve demonstrated a lack of understanding of basic statistics and logic.

YVR
Guest
YVR

Show us the evidence. You are making a fool of yourself as usual.

The places that generate most revenues are, by definition, prone to accidents.

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

Great, I don’t need to respond to your stupidity now that YVR has spelled it out to you.

Just me
Guest
Just me

If you take solace in the support of YVR, you are in really bad shape…..Mind the company you keep.

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

Thanks for conceding the point in your usual gracious style.

Just me
Guest
Just me

Really funny you mention grace. You are the one insulting everyone left, right and center. I never resort to your level of vitriol and insult.

Fair enough, I don’t expect any better from a person like you.

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

Racists and those who support them deserve zero respect. So go fuck yourself.

Just me
Guest
Just me

Exactly my point.

Just me
Guest
Just me

“Li Mingjiang, from the S Rajaratnam School of International Studies in Singapore, said there were several reasons for Beijing’s clampdown on dual passports holders.
“The second nationality provides protection for corrupt officials, making it more difficult for China’s anticorruption campaign,” Li said.”

The beauty of the Canadian system? The father does not need to become a Canadian citizen, as long as wife/child are CAD passport holders. When things turn south, a simple application for family reunification will guarantee that passport.

In the meanwhile, business as usual. Maker money in China and illegally launder it in Vancouver. We really have the best system in the world for these guys.

backwardsevolution
Guest
backwardsevolution

Just me – good post, all the while claiming they only make $19,000.00 per year. Full child benefits, probably no medical payments. These guys are criminals who are stealing money from the citizens of China AND the citizens of Canada. We don’t need people like that. They’ve come in here with illegal money and forced prices up for our citizens. Get out.

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

You seem to know the results of the audit before it’s finished, you little genius you.

Just me
Guest
Just me

If you have lived in Vancouver long enough, you know the situation.

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

I have lived here long enough to know you’re a clueless moron.

Just me
Guest
Just me

Resorting to insulting, as usual, is just proof you have no solid argument to propose.

All you have been claiming for the past few years has been disproved multiple times over. Keep clinging to your opinions if they were facts.

Do you still believe that Chinese money has only a marginal effect on Vancouver RE prices? By the way, is earth flat?

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

We have the data, dumbass.

Just me
Guest
Just me

Data refer to buyers with foreign passports who are not permanent residents. The issue is with foreign money being deployed, often, by legal residents.

The problem has been documented by several people and through different studies, yet you seem to ignore it for convenience. Go spend some time researching stuff. Enough links have been posted over the past few years.

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

The other data we have shows that locals have borrowed their socks off on the expectation that real estate always goes up, and have sacrificed their retirement plans to do so. Pure greed. With more than a hint of stupidity.

Best place on meth
Member
Best place on meth

The Vancouver system is coming to an end, these vermin are getting squeezed on both sides of the Pacific.

Krunkulos
Guest
Krunkulos

Translation: The other boys were always stronger than me and never needed to cry the way I did. I remain a defenseless victim. I don’t need a house because the only things in my life are my video games and colossal man-tits.

backwardsevolution
Guest
backwardsevolution

So says the neighborhood psychopath who doesn’t like rules, hates transparency, and probably really hates when someone looks at his criminal record.

patriotz
Member

“The father does not need to become a Canadian citizen, as long as wife/child are CAD passport holders. When things turn south, a simple application for family reunification will guarantee that passport.”

Doesn’t guarantee anything. The offshore spouse will have to apply for permanent residency and pass a criminal records check in China. There is also a substantial processing time, more than enough for the Chinese authorities to obtain a “conviction” that will keep the spouse out of Canada.

Just me
Guest
Just me

These guys are smart enough to know that the process has to be started early.
reunification of the immediate family is fairly easy, granted in most cases on the grounds of child welfare.

patriotz
Member

Spousal immigration is not granted on the grounds of child welfare, it’s granted simply because it’s a legal category for immigration. But like any other category it can be refused if the spouse fails the security check. And anyway, nobody is smart enough to know just when in the future things are going to get ugly. And you can’t apply for a PR visa and after it’s granted just come to Canada when you feel like it, it has an expiration date. And spousal applications do get refused – lot’s of them:

https://www.visaplace.com/blog-immigration-law/canada-visa-news/spousal-sponsorship-refusals-are-too-high/

Just me
Guest
Just me

Of course, there are guidelines and rules. Nonetheless, there is a certain degree of judgment required on the part of the persons who process the claims. it is not mechanical. and whether or not children live in Canada naturally constitutes part of the deliberation process.

At the end of the day, refusing immediate family unification is rarely done. And only in cases of clear and unambiguous criminal behavior (or other threats, like health-related issues).

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

Just Me has a bullshit opinion to defeat any fact.

Just me
Guest
Just me

As usual, great argument.

I know you by now, so I discount your posts accordingly.

I just want to warn others, especially more recent additions to the blog, to be aware of your obnoxious and counterfactual race baiting.

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

Again you concede the point without actually admitting you were wrong. Such a child.

Just me
Guest
Just me

““CRA audits just 5 Canadians out of hundreds of RBC Panama Papers accounts”

http://www.cbc.ca/news/business/cra-audits-rbc-panama-papers-records-1.4590306

Just me
Guest
Just me

“”The CRA determined that the majority of the corporations and officers in the information are non-Canadian taxpayers,” spokesperson Karl Lavoie wrote in an email. “The CRA determined that there were fewer than 10 Canadians from the information, and five taxpayers have been identified for audit.”

Instead, a significant number of foreigners might be in for a surprise from their own domestic tax authorities. Lavoie said the CRA has provided details on dozens of those non-Canadian taxpayers who had offshore holdings at RBC to their home countries.”

Best place on meth
Member
Best place on meth

Vancouver father battles Airbnb, questions city’s plan to pour $46 million into building affordable housing while doing little to crack down on short term rentals

http://www.cbc.ca/news/canada/british-columbia/vancouverites-support-tax-poll-1.3700421

Just me
Guest
Just me

” 9 in 10 Vancouverites support foreign home-buyers’ tax, poll finds. Lower Mainlanders support the new tax, but doubt it will solve the problem.”

“Foreign buyers perceived as real problem. The poll asked respondents what they believe to be the main causes of Metro Vancouver’s high real estate prices. full 65 per cent believe “foreigners investing is this real estate market” to be a primary driver of the boom. Forty-one per cent agreed with the more general case of “wealthy people investing in this real estate market.”

See Saw
Guest
See Saw

Why wouldn’t they believe that? After all the MSM and the RE industry has drilled that relentless BS into their heads over the past few years.

Just me
Guest
Just me

You think current prices are a great deal? people are spoiled, they should not complain?

YVR
Guest
YVR

Don’t worry the Carol James and NDP are collecting 7% PST on AirBnB now which will go to affordable housing.

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

It depends on the property. Some are a great deal some are absolutely not. Unfortunately there are idiots entering into bidding wars on tear downs so that they can renovate. Poor bastards.

Just me
Guest
Just me

“Some are a great deal some are absolutely not.”

You must be a really great RE agent to still be able to find value in this market.

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

You mean locals are blowing their brains out competing against imaginary foreigners? Say it ain’t so!

Just me
Guest
Just me

Right you are. Foreign money is negligible in Vancouver. Nothing to see here…..

Just me
Guest
Just me

“Developers often cite lack of housing supply as the main problem, but only 13 per cent of poll respondents believe that to be the case.”

Just me
Guest
Just me

I like this link (a lot). But I suppose you wanted to link to a different article.

Best place on meth
Member
Best place on meth
Lost...but not Leased
Guest
Lost...but not Leased

I think its great that George Clooney’s doppleganger is spiritually vested in this cause..
……….just think if we could get other Hollywood celebs involved.

Just me
Guest
Just me

“Vancouver has made much of its efforts to tackle the housing crunch, including new rules for short-term rentals coming online next month. ”

“There’s been no repercussions,” said Mullins, who sought a provincial seat in Vancouver-Kingsway on the Your Political Party ticket, of current monitoring of Airbnb-type accommodation providers. “The problem is there is no way to regulate it.”

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

Onni were only fined $24K for operating a short-term rental highrise for years. They must have made millions during that period. That really showed how nobody is that serious.

Just me
Guest
Just me

“I get threatening emails once and awhile,” he said, referring to emails he gets from Airbnb boosters who don’t like his advocacy against illegal short-term rentals. “I’m used to it.”

Best place on meth
Member
Best place on meth

Entitled, homeowner freeloading assholes issuing threats because they think they have a right to run an illegal hotel out of their house.

Why did you threaten him, bpoe?

Just me
Guest
Just me
“Residents will be able to apply online for a business licence to run Airbnbs after April 18. But hopeful home-rental-business owners will have to get their landlord’s permission or ensure strata bylaws permit such revenue generation opportunities. And they’ll be required to be on call 24/7 in case the City needs to call and check up on what’s going on. And if they don’t live there most of the time themselves then forget about it. That’s not going to fly, based on how the bylaw is worded. But will municipal officials be able to keep up with rulebreakers? A 2016 Union of B.C. Municipalities report told officials to expect just one in 10 short-term rental operators to get a permit and pay taxes. The rest would need prodding by compliance monitors. We wanted to hear what Vancouver’s planning to do… Read more »
Just me
Guest
Just me

“When rental housing disappears from the urban sphere, the health of the city is affected. It might be costly to keep tabs on bed and breakfast providers, however, evidence suggests the alternative carries a higher price tag still. After all, the removal of a single unit to commercial short-term renting was found to cost San Francisco $250,000 – $300,000 USD. So we look forward to seeing how the City follows through in the weeks to come.”

backwardsevolution
Guest
backwardsevolution
“A large Burnaby home south of Deer Lake Park, close to Metrotown, has been operating as a de-facto hotel, the NOW has learned. The seven-bedroom, eight-bathroom home at 6270 Elgin Ave. was sold for $2.65 million September 2017 before being renovated and converted into a nine-bedroom house hotel, according to B.C. Assessment data. Rooms are listed separately on Airbnb, ranging from $39 to $65 a night. […] Boarding houses are only permitted in certain zones, and operators would have to apply to a planning department for rezoning of the property.” http://www.burnabynow.com/news/burnaby-home-transforms-into-9-bedroom-airbnb-hotel-1.23210464 The owner, when asked if she would like to make a comment, said: “how you wrote a story about my listing? you lived here?” So they come in, totally disregard our rules and laws, and basically do whatever the heck they please, if it makes them money. Nail down… Read more »
Name
Guest
Name

I like this part: “When asked to comment on the situation via the Airbnb site, Mia replied: “Hi, Lauren, thank you for your inquiry, but I do not wish you to write a storey (sic) about my listing without my consent! Thanks!”

in other words, don’t expose my racket or I could get in trouble. LOL.

Just me
Guest
Just me

” When asked to comment on the situation via the Airbnb site, Mia replied: “Hi, Lauren, thank you for your inquiry, but I do not wish you to write a storey (sic) about my listing without my consent! Thanks!”

When asked again if she would like to make a comment, she responded: “how you wrote a story about my listing? you lived here?”

Yong did not respond to a request for comment.”

Translation: Could you kindly pretend nothing is going on and let me go on with my illegal activities undisturbed? Thanks!

Just me
Guest
Just me

” Stella Kasidoulis has lived on Elgin Avenue for 10 years, and she isn’t happy with the changes to her new neighbour’s home. As the mother of a nine-year-old, she says she’s concerned about strangers coming and going from her neighbour’s property, who can sometimes be noisy at night with guests having parties in the backyard.

“I would have bought a place next to hotel if I wanted to live next to one,” she said. “This is ridiculous.”

Just me
Guest
Just me

” “It’s not that neighbourhood feel where you know who lives (nearby).”

As she is also currently trying to sell her own home, she’s also concerned having a hotel next door might lower its value, as well as the others on the street.”

backwardsevolution
Guest
backwardsevolution
A very good investigative report by The Globe and Mail from 2016 (updated in 2017) entitled “The Real Estate Technique Fuelling Vancouver’s Housing Market”: https://www.theglobeandmail.com/news/investigations/the-real-estate-technique-fuelling-vancouvers-housing-market/article28634868/ “In one sample of 250 houses sold and resold in Vancouver’s West Side for more than $2-million in recent years, 11 per cent involved buyers and sellers with the same names as real estate brokers. Some listed their occupation as “Realtor,” several others as “businessperson.” In Vancouver, 1 per cent of the population are brokers – meaning that figure is potentially 10 times what might be expected. The Globe also reviewed records of 1,585 building permits issued in the suburb of Richmond since 2011. More than 200 of the single-family properties – 14 per cent – were owned by people who were brokers or shared a name with a broker; or by a numbered company… Read more »
Just me
Guest
Just me

“And the Liberal government knew this was going on, yet did nothing.”

Not true at all. They did something. They encouraged it!

backwardsevolution
Guest
backwardsevolution

Just me – yes, they did encourage it! I stand corrected. Thanks.

YVR
Guest
YVR

No the NDP have legitimized Air BnB province wide. It was illegal under the Liberals.

The B.C. government will allow Airbnb to collect provincial sales taxes on short-term rentals, which Finance Minister Carole James said will help fund affordable housing. The British Columbia government expects up to $21 million a year in taxes to be collected from the short-term rental market after reaching an agreement with Airbnb. The money will be used to help fund affordable housing and tourism initiatives in the province.

http://www.timescolonist.com/news/b-c/airbnb-to-collect-sales-taxes-on-rentals-money-will-go-to-affordable-housing-1.23167314

Just me
Guest
Just me

I tend to agree this was a big misstep, in an otherwise pretty good 6 months in power.

Best place on meth
Member
Best place on meth

No, it’s not a misstep.

Legitimizing activities in the underground economy that aren’t blatantly harmful is smart policy. You then can regulate and tax them appropriately.

Airbnb will cease being a free for all.

Just me
Guest
Just me

Hopefully, you are right. But my impression is that both the City and the Province are worried about homeowners who use Airbnb and similar platform to make some money on the side.

It feels as if they are saying: it’s OK to do a bit of that, but don’t overdo it. This approach, of course, never works. When people feel that enforcement is lax, their greedy nature takes over and then you start seeing mini-hotel popping up all over town.

Time will tell, I guess.