Friday free for all! 420 dude!

Well, it’s the end of another glorious work week in the best place on earth. How are your investments doing?

It’s friday and that means it’s time for another Friday free-for-all, our open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

10k y’all

1 year sold sign reprimand

suckers blame foreign buyers

buy a vote

warning on real estate recession

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

Sort by:   newest | oldest | most voted
Sebastien
Member
Sebastien

305 5088 Kwantlen Street, Richmond
Mar 8:$980,000
Apr 19: $750,000
Change: – 230000.00 -23%
A: $586,000

29340 Galahad Crescent, Abbotsford
Apr 10:$2,600,000
Apr 19: $1,980,000
Change: – 620000.00 -24%
A: $1,397,000

148 E 64th Avenue, Vancouver
Mar 8:$2,099,000
Apr 19: $1,688,000
Change: – 411000.00 -20%
A: $2,004,400

5508 Brookdale Court, Burnaby
Oct 2:$2,680,000
Apr 19: $1,749,000
Change: – 931000.00 -35%
A: $1,873,000

1704 15038 101 Avenue, Surrey
Apr 18:$880,000
Apr 19: $618,880
Change: – 261120.00 -30%
A: $501,000

Who would buy there?????!!!!!
309 2891 E Hastings Street, Vancouver
Oct 4:$639,900
Apr 19: $499,000
Change: – 140900.00 -22%
A: $467,000

1,000,000 gone in 6 weeks.
4682 W 6th Avenue, Vancouver
Mar 5:$3,888,000
Apr 19: $2,888,888(8s!!!)
Change: – 999112.00 -26%
A: $3,470,000

patriotz
Member

4682 W 6th Avenue, Vancouver previous sale 31-Mar-2017 $3,330,000

LS in Arbutus
Guest
LS in Arbutus

This one is interesting. For what you get, at $2.9 that’s “cheap.” At the height, that would have sold for $4 million. Great area as well. I don’t see prices surging back up… directly has been one way for the past couple of years and now downward momentum is building.

YVR
Guest
YVR

It is a 2000 sq ft house on a small lot with lower end finishing for westside. It was never going to sell for $3.8 even at peak. Over $1400 per foot for a lower end house is still about as silly as it gets.

LS in Arbutus
Guest
LS in Arbutus

Oh and it’s a New Coast listing. Just on that, I’d be wary.

CRA221
Guest
CRA221

I avoid all new locust realty listings. Usually if you’re not asian they don’t think you can afford the house…..I’ve experienced blatant racist behaviour from them at open houses.

It’s like it’s inconceivable to their agents that there are people of other ethnic backgrounds with the means to buy in that price range.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

305 5088 Kwantlen Street, Richmond
Mar 8:$980,000
Apr 19: $750,000
Change: – 230000.00 -23%

$750k for an 11 year old 2 Bed, 2 Bath, 862 sqft Apartment condo in RICHMOND.

what the fuck are you morons celebrating about?

750 for an old 2 bedroom in richmond.

you’re all in denial.

bullwhip29
Guest
bullwhip29

Statistics Canada has released revised estimates for its retail-trade figures — and they are considerably weaker when compared to the initial readings published by the federal agency
http://business.financialpost.com/news/economy/recent-retail-sales-far-weaker-than-initial-estimates-revisions-suggest

Disgruntled
Guest
Disgruntled

Poloz called them up and said I need some weaker numbers here help a Central Banker out.

Name
Guest
Name

Core inflation is increased to 2.3% in March. Gasoline up 17%. Still no BoC interest rate hikes.

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

You should tell the Bank of Canada about the inflation rate – they surely didn’t factor that into their decision earlier this week.

Name
Guest
Name

I left Poloz a voice mail.

Dave
Member

The Greens are happy with gas inflation. We’re getting what we voted for!

This is what I mean by the big squeeze that’s coming our way. Higher insurance is next. Then photo radar. Then more carbon taxes. Then mobility taxes. Then more alcohol and consumption taxes.

The problem with all this is it just kills the working family the most.

This is ultimately where the NDP are going to lose the next election. Those seats in Surrey and North of the Fraser won’t stay NDP if this plays out the way I think it will.

kabloona
Member
kabloona

NDP are currently up in the Polls….and Surrey will be happy as long as they continue to delay Uber and Lyft….

🙂

Dave
Member
They have been, but I think Kinder Morgan will hurt their numbers. I previously thought Horgan could win a majority if he had an election this summer. If he pivots on Kinder Morgan, I think he could still pull it off. Basically, he should make a deal with Trudeau and Alberta to back off the legal challenges in exchange for goodies. The Greens would have to take him down if he also pushes LNG hard at the same time. Or he can roll the dice on PR and see if they can grind this out for four years. At the end of it, I think people will be tired of the GreeNDP, so he won’t be Premier in four years. In any case, I am talking about popularity 3 or so years from now. The squeeze is just starting. It… Read more »
Whister or Bust?
Guest
Whister or Bust?

Agreed. A lot of people are pissed about KM.

While this is hardly scientific it shows Angry John doesn’t speak for all British Columbians!

http://vancouversun.com/news/local-news/daily-poll-are-you-for-or-against-kinder-morgans-trans-mountain-pipeline-expansion

68% for the pipeline.

Patiently Waiting
Member
Patiently Waiting

I just voted three times, and could go all day if I wanted, and I’m no computer whiz.

KickThemOut
Member
KickThemOut

Wow, you get a gold star!? Must be the most work you’ve done in the last decade. Tell us, how hard was it to vote 3 times? Did you have to take two breaks between the votes?

Patiently Waiting
Member
Patiently Waiting

Why the pissy mood? You behind on your Beamer payments?

Whister or Bust?
Guest
Whister or Bust?

Actually it records your IP to prevent that. Obviously people can use all sorts of things to get around that but its indicative of the feeling out there because the eco-terrorists can do the same.

patriotz
Member

“A lot of people are pissed about KM.”

The scientific polling indicates that KM is actually not a big deal one way or another with most voters.


Is BC really polarized over Kinder Morgan Trans Mountain?

Whister or Bust?
Guest
Whister or Bust?

That is a month old. A lot has changed.

I think people are pissed about Horgan allowing Waver to run the Province and they way he’s handled the whole issue.

Weaver is a bit player and he is making decisions for this Province because Angry John is terrified of an election.

Neither of these people were voted in as Premier.

patriotz
Member

“Weaver is a bit player and he is making decisions for this Province because Angry John is terrified of an election.”

Decisions like approving that LNG plant? Who’s terrified of an an election? My bet is that Horgan will make some compromise on TM, and there won’t be an election over that either. Because the Greens are in this for PR and they don’t get it if an election is held before Fall 2021.

patriotz
Member

“Neither of these people were voted in as Premier.”

Nobody is ever voted in as Premier. It is an appointed, not elected, office.

YVR
Guest
YVR

This is just another nail in the NDP coffin. They like to dig their own grave.

Oracle
Guest
Oracle

That’s what this is all about.

Oracle
Guest
Oracle

All BS Polls

And most Indians in Surrey want UBER.

There are only a few thousand pro taxi votes in Surrey. Many tens of thousands pro uber.

I’m sure the taxi plate owners are bribing the politicians with cash.

Whister or Bust?
Guest
Whister or Bust?

Ask your sources…

Dave
Member

The odds of a May hike are now less than 50:50.

Whister or Bust?
Guest
Whister or Bust?

He is hoping he can hold off long enough so we can go into a recession and he can cut them. He is a complete tool.

UBC in crisis
Guest
UBC in crisis

Warning: New Coast becomes “LeHomes” at the same office location.
http://lehomes.com/

LS in Arbutus
Guest
LS in Arbutus

That has to be the stupidest name ever. Chinese French I suppose.

bullwhip29
Guest
bullwhip29

precisely the kind of thing the asian nouveau riche love

KickThemOut
Member
KickThemOut

at least it’s better than shit and rapists you seem to love and protect.

Oracle
Guest
Oracle

Le Maison.

“Let’s buy Montreal now”

Laibach
Member
Laibach

Sounds like a cheap fragrance and smelling like a dirty business. Classless churls could have also named it “Le Casino Rulex” or “Le Blanchisserie Vuitton”, same shit.

LS in Arbutus
Guest
LS in Arbutus

LOL!

xhistory
Guest
xhistory

Pemberton Holmes was already taken….
.. uhh.. wait a sec..

Best place on meth
Member
Best place on meth

Fucking locusts, always one step ahead of the law.

You’re about to be shut down for fraud on a massive scale?

Just rebrand.

Name
Guest
Name
Rabbit One I thought this is same case, but West Van realtor. Yesterday’s B.C. court judgement. Large spousal / children support http://www.courts.gov.bc.ca/jdb-txt/sc/18/06/2018BCSC0615.htm https://www.soprovich.com/i-1/at-home-with-jason-soprovich.pdf This was posted yesterday by “Rabbit One” but it bears re-posting because I see it as a cautionary tale when dealing with women. Take note that this Realtor guy who is a pretty regular Joe but worked himself up into a fairly good financial position in life has just had the rug pulled out from under him by his now ex-wife who has left him and now gets massive child support from the ex. for their almost adult children as well as getting the house to live in exclusively (he has to move out). Plus she has him paying the lease on her luxury automobile. So she now gets to fcuk other guys in the home she… Read more »
Dave
Member

I would just stop working in Canada and go travel overseas, working odd jobs here and there for cash (e.g. teach english).

He wins in that case. No wife and enjoys the weather. She loses because he’s not paying her another cent.

No way I work to pay the way he was told to do. I’d either make money under the table in Canada or just collect welfare and the handouts people get.

KickThemOut
Member
KickThemOut

Well, don’t plan on ever coming back because you will be thrown in jail for failing to work and pay the alimony. And even when you are in jail, you will be expected to continue to pay alimony.
ICBC will not suspend driver license if there is more than $3000 in unpaid alimony. Pretty soon Trudeau will probably extend that to passport too. Wonder how he will feel if Sophie divorced him and demanded $100K+/yr in alimony.

Dave
Member

Then I’ll play the system. Get a doctor to say you can’t work a stressful job anymore. So now you’re flipping burgers instead of condos. Nobody is going to put you in jail for any substantive time if you’re not able to earn the top 0.01 percentile of income in the country.

Our judicial system is a complete joke.

Name
Guest
Name

Family Law is totally geared towards the woman, especially if there are kids involved. The man doesn’t stand a chance and it’s almost always the woman who initiates a divorce.

KickThemOut
Member
KickThemOut

You aren’t the first to thought of that route….you can guess how well that worked out for people who tried it.

UBC in crisis
Guest
UBC in crisis

What happened in 2017? The realtor stopped working or Chairman Xi did something?

From a summary prepared by the respondent’s accountant, the realty company had historic pre-tax net income as follows:

2011, $2,450,000

2012, $1,750,000

2013, $1,250,000

2014, $2,450,000

2015, $1,900,000

2016, $2,950,000

2017, $1,000,000

Name
Guest
Name

I noticed that as well. It’s indicative of how the West Van market is slowing down.

Boom
Guest
Boom

He was banging other women… she caught him …. he was thinking with the little head

Name
Guest
Name

Dead Richmond cyclist’s parents ‘incredibly shaken’ by tattoo-teardrops photo

http://vancouversun.com/news/local-news/dead-richmond-cyclists-parents-incredibly-shaken-by-tattoo-teardrops-photo

“Fan’s Instagram accounts lists him as a real estate agent at Sutton Centre Realty in Burnaby. A call to the company confirmed Fan was employed there.”

KickThemOut
Member
KickThemOut

So your point is??! Are you seriously fucking trying to suggest that BPOM & team bears should try to harm any RE agents riding bicycles while they are driving?! Really? How sick and disturbing are you bears?!

Best place on meth
Member
Best place on meth

And you still try to deny you’re space889, you lying piece of shit?

Name
Guest
Name
KickThemOut
Member
KickThemOut

The scums we are letting into this great country of ours. How low can Oracle’s cousin go? Raping 8yr girls at weddings? Deport them all back to that hellhole before our daughters are harmed.

http://www.bbc.com/news/blogs-trending-43824192

Sebastien
Member
Sebastien

Once the 80% collapse happens, many of them will leave because they’ll be underwater on their mortgage.

KickThemOut
Member
KickThemOut

I thought foreign buyers bring suitcases of cash. Now bears claim they are all mortgage slaves?

Just me
Guest
Just me

No. We simply claim that they will not want to invest in a depreciating asset.

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

Pretty sure you’ve said multiple times that they don’t care if prices decrease as they’re just happy to have their money in a safe country. You’re clearly quite clueless even when it comes to your own dumbass opinions.

Just me
Guest
Just me

Good point.
I guess they start by parking their money. Then they realize they can make even more, and their greedy nature takes over. That is when they start buying three SFH or more.

Thanks for reminding me of all this, it is a valuable clarification.

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

Clueless.

Best place on meth
Member
Best place on meth

I don’t make either of those claims.

I simply point out that mainland chinese are vermin.

bullwhip29
Guest
bullwhip29
KickThemOut
Member
KickThemOut

Classic whataboutism which does nothing to address the issue at hand. Seems like someone is butt hurt about truth of their culture being exposed.

Just me
Guest
Just me

“Classic whataboutism which does nothing to address the issue at hand”

Funny you say that. This is the exact definition of every single post you make on this blog. You add negative value, and you know it.

KickThemOut
Member
KickThemOut

Embrace conflict with China. Somehow I doubt BPOM despite all his “tough” talk will be doing the exact opposite.
https://www.dailyo.in/politics/doklam-diplomacy-xi-jinping-china-narendra-modi-pla/story/1/23470.html

Laibach
Member
Laibach

“Every year during the months of May and June, the high passes of Himalayas witness activity as the Chinese cross over and intrude on Indian territory.”

Locust business as usual, what else they could do but intrude?

KickThemOut
Member
KickThemOut

Well, I know you desperately want some you know where. Except you can’t even pay people, so you have to settle for BPOM.

Just me
Guest
Just me

What is wrong with you. Why are you obsessed by these weird thoughts.
Seek help.

Best place on meth
Member
Best place on meth

I’m looking forward to war.

Everyone despises the chinese, for good reason.

KickThemOut
Member
KickThemOut

This is just fucking sick and Oracle wants to import it into our politics? Disgusting vermins

https://www.aljazeera.com/indepth/opinion/rape-political-tool-india-180419091411624.html

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

Oh f*ck..
..please don’t start this crap again…..really…..seriously…

bullwhip29
Guest
bullwhip29

Hong Kong man strangled ex-girlfriend in anger over her new lover, court hears in ‘wardrobe corpse’ trial
http://www.scmp.com/news/hong-kong/law-crime/article/2142404/hong-kong-man-strangled-ex-girlfriend-anger-over-her-new

>>> as they say, it is better to have loved and lost than never having been loved at all, right space? perhaps it is time to revamp the PoF profile? even this wacko was getting some…

KickThemOut
Member
KickThemOut

Classic attempt at whataboutism and name calling as if that proves you are right. The only thing you have proven is your utter stupidity, lack of respect for Canadian values by defending the indefensible, and continuing exposing good, kind hearted, innocent Canadian women to such human garbage. Why do you hate women so much? Is it because they wouldn’t date a loser like you? Seriously, get yourself examine, and best, get the fuck out of this great country, you sick fuck, and go back to where you really belong, a literal shithole where hand washing is unknown.

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

Hey, moron, you’re not playing the game properly. You’re meant to make a clear distinction between those from the mainland and those from Hong Kong.

Best place on meth
Member
Best place on meth

Hey moron, the point was that space is a fucking psycho capable of murdering a woman because he hates them all.

The point was not HK vs shithole.

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

That’s the only point you ever try to make, actually.

Name
Guest
Name

March inflation rate in Vancouver (Feb)
— Vancouver: 3.2 (3.3)

Dave
Member

Get used to it. Prices are headed UP UP and UP.

Let’s see if wage growth can keep up.

The irony is all those union workers who voted NDP and the ones who will get screwed the most. Pay for teachers, doctors and nurses are all going to lag inflation. Same thing for minimum wage workers who are getting a bump in pay… it’s not going to offset the cost of living here.

Welcome to the SQUEEZE!

Hyper-mega-Bull
Member
Hyper-mega-Bull

vancouver wants to give the vote to non-citizens. and no one cares. some even think it’s a good idea.

how stupid are vancouverites?

world class stupidity.

Disgruntled
Guest
Disgruntled

“how stupid are vancouverites?”

Actually quite smart; “Vancouverites” are not Canadian citizens anymore, but are PRs and foreign students. “Vancouverites” love the idea. Trudeau and Quebec, keep your feet on that gas pedal, Canadian immigration is a wonderful thing, especially the “investors”, let’s increase it more please.

Just me
Guest
Just me

I am with Hyper-mega-Bull. This vote to non-citizens is total, unadulterated nonsense. I really don’t see the need for it. And if they are serious about the country, they will become a citizen and vote like everyone else.

Laibach
Member
Laibach

Why degenerate Spaceshit always loses whatever is left of his rotten mind and runs full amok on Fridays? Is that some homeland endemic shit or else? Strange pattern…

Best place on meth
Member
Best place on meth

He’s gone full retard once again and fucking up the blog.

Why admin lets him run amok is beyond me. This isn’t free speech, it’s an attempt to destroy free speech via massive amounts of spam.

Whistler or bust?
Guest
Whistler or bust?

Heres Eby….

Vaughn Palmer: Fall referendum looks anything but a fair, open process http://vancouversun.com/opinion/columnists/vaughn-palmer-2

Best place on meth
Member
Best place on meth

Libcreds are becoming more and more shrill in their vicious opposition to PR, while Eby smiles and tells them they can shut up and wait for the work to be completed.

specuskeptic
Member

“Libcreds are becoming more and more shrill in their vicious opposition to PR”

In other news, VCI bulls are becoming more obviously butthurt by the day. Correlation? Causation? Coincidence? Stay tuned as the story unfolds….

YVR
Guest
YVR

Eby is a crook. Crooked Eby has a ring to it.

Best place on meth
Member
Best place on meth

Ohh, you mean like “Crooked Hillary”.

Yes, that’s a very good comparison.

I’m just going to back away slowly now.

YVR
Guest
YVR

Yup Eby is trying to rig the referendum just like Hillary rigged her run for president. Lets just hope Eby’s rigged referendum fails the same. People can see a crook from a mile away.

Oracle
Guest
Oracle

They are designing the referendum to fail.

Like any sitting NDP MLA wants to lose his job with PR.

Not happening.

backwardsevolution
Guest
backwardsevolution

YVR – oh, now you are really showing your true colors, aren’t you? Things must be getting pretty desperate out there.

Just me
Guest
Just me

Just read the article. Vaughn Palmer is really scraping the bottom of the barrel. He and Rob Shaw have lost any objectivity, they are just lashing out at the NDP with no rhyme nor reason.

I am not very p9litical, and I feel no allegiance to any one party. But when journalists do this kind of thing, it naturally leads me to side with the party they are attacking. I think the NDP is doing something right if Vaughn Palmer and Rob Shaw criticiz them so acrimoniously.

Gotta love David Eby!

Just me
Guest
Just me

“The Vancouver Sun’s Vaughn Palmer says no, there shouldn’t be a public inquiry because they are expensive.”

Doing nothing will cost us even more money, as these criminals ruin the city and buy up everything with drug money. But what does Vaughn care about? He seems to said with the devil, as long as we go back to high house prices.

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

Dumb racists are what is ruining Canada. We need to invest more in education so that people don’t end up unemployable, bitter, jealous, and hateful.

Just me
Guest
Just me

…aaand you used another opportunity to make a fool of yourself.

Good join Garth! You have no shame.

Best place on meth
Member
Best place on meth

Jon McComb: A public inquiry is the antidote to Canada’s money-laundering problem

https://globalnews.ca/news/4157669/money-laundering-public-inquiry/

“With the new revelations about the so-called “Vancouver Model” of money laundering linking fentanyl, casinos and luxury Vancouver real estate, some are calling for a public inquiry into the matter.
The Vancouver Sun’s Vaughn Palmer says no, there shouldn’t be a public inquiry because they are expensive.”

Vaughn Palmer siding with the Libcreds and locusts, again.

Just me
Guest
Just me

“Palmer says that’s a far more cost-effective way to go than a public inquiry method. But is cost-effectiveness really what we’re after?

One of the institutions that have come up for significant scrutiny and criticism is the government agency tasked with monitoring financial crime, FINTRAC – the Financial Transactions and Analysis Centre of Canada.”

“For years and years and years, you and I have been told that FINTRAC is on the case, it is there to make sure money laundering doesn’t occur and suspicious transactions over $10,000 will be checked.

Well, we have been misled on a gigantic scale.”

YVR
Guest
YVR

Public inquiry = kick the can down the road.

Oracle
Guest
Oracle

The dumb here won’t get it.

An election may be called in 7 months after the referendum fails.

Yet the dumb are oblivious.

Just me
Guest
Just me

“So when the casino fires off the paperwork to FINTRAC saying, “Yeah a guy just pulled up here with $500,000 in 20s in a hockey bag, thought we’d let you know, have a nice day,” the casino says, “Hey, we’ve done our job, we’20sve reported to FINTRAC.”

So they give the guy $500,000 in chips, maybe he wins some, maybe he loses some. And when he cashes those chips out, the casino writes him a clean cheque, and that player has effectively laundered half a million dollars.

He can take the cheque to the bank, he can do whatever he likes with it. FINTRAC is supposed to look into that, but FINTRAC cannot request additional information from the casino.”

backwardsevolution
Guest
backwardsevolution

The casino should be immediately shut down and seized, closed forever. No cheques should ever be issued by a casino to somebody coming in with large amounts of cash.

What a clown country we are. We have let in the scum of the scum.

YVR
Guest
YVR

“The casino should be immediately shut down”

Of course it should be shutdown. Any other business that knowingly breaks the law would have their license to operate taken away. The BC government could do that with a stroke of a pen. But that would immediately solve the casino money laundering problem and send a message to others participating in money laundering the government is serious about stopping it. Clearly that is not what Eby wants otherwise he would do it. Instead we get political grand standing, finger pointing and studies which do nothing to solve the issue.

Just me
Guest
Just me

Sadly, our Province became accustomed to tax money from casinos. This is 100% the responsibility of the BC Libs.
Moving back to sanity will take time. Sad but true.

But keep voting the BC Libs and see how that works out. I am sure they will stop money laundering overnight.

YVR
Guest
YVR

You said: “The first step is recognizing you have a problem. Only then you can set out to solve it.”

The report by Eby’s consultant was completed weeks ago. Have they not recognized the problem? We don’t know because the report is hidden from the public. Casinos still in operation. They could revoke the license overnight. Is it not time to just admit the NDP lied to you and they have no intention of taking any meaningful action.

Just me
Guest
Just me

“So the police get this report from FINTRAC saying, “Hey, some guy pulled into the casino with half-a-million in cash, you may want to check on that,” but the cops say, “Hang on a second, we’ve got a reported transaction, but no other evidence to go on.”

There’s no way law enforcement is going to dive into that without information or an explanation.”

Just me
Guest
Just me

“This is one of the reasons why Vancouver and B.C. have been left as complete sitting ducks to these Chinese Triads who know they can bring fentanyl here, launder money through casinos and shadow banking systems.

They don’t even have to smuggle money back — it’s just all done through the underground banking system.

So I say, bring on the public inquiry – it’s worth the cost, and it’s time to clean up the corruption.“

YVR
Guest
YVR

Some people prefer action rather than studies. Why not have the RCMP seize the houses under proceeds of crime and press criminal charges. Seems more productive that inquiries and studies which change nothing as Eby’s studies have proven so far. If you can’t do it easily then change the laws so you can. So far zero action by Eby and the NDP. Just lots of talk and political grand standing.

Whistler or bust?
Guest
Whistler or bust?

Too much work and the CRA is no match against $1000 hr lawyers.

Better to lean on waitresses for undecleared tips.

Just me
Guest
Just me

If you are right, and they do nothing, the backlash will be massive. They will have to act. I will judge them at that point.

As for your beloved BC Libs: Christy Clark did not run any study because she openly claimed there was nothing wrong with our system. And she hinted that saying otherwise would be racist. But you voted for her anyway….

Oracle
Guest
Oracle

No it won’t. You being in this blog are blinded by groupthink.

Nothing is going to be done. Zero results. Yet you can’t see it.

YVR
Guest
YVR

“the backlash will be massive:

The NDP is counting on people like you to stand behind them no matter what they do. They have no plan to act.

bestplaceonearth
Guest
bestplaceonearth

Like they give a rat arse about how you judge!

Oracle
Guest
Oracle

You can’t make dumb people intelligent.

They can’t see that it’s been 1 year since the election and NO RESULTS!!

They are still doing the ‘studies’. Hahaha

And an election gets ever closer.

backwardsevolution
Guest
backwardsevolution

Sales are slowing, inventory is rising and prices are dropping. How do you like them RESULTS?

Oracle
Guest
Oracle

Prices doubled in the valley in last 2.5 years.

Don’t see them dropping.

backwardsevolution
Guest
backwardsevolution

YVR – I get the impression from you that you don’t really want this corruption to be investigated and stopped, that you’d rather keep it all under the radar. A thorough investigation would amplify the absolutely horrible disaster the Liberal Party has been.

I’m sure the RCMP ARE investigating and I’m sure homes will be seized. Patience. It’s all going to come out.

Dyugle
Guest
Dyugle

The public inquiry could alert the public to the problem and thus change public opinion allowing for, or calling for more drastic actions. This is one way to force the government to act. Liberals brought in the FBT due to public opinion. The public inquiry is a win win for the NDP. Shame the Liberals and get public aproval to act forcefully. Also it would deflect the Kinder Morgan fiasco.

Bag it and tag it
Member
Bag it and tag it

With a name like ‘Palmer’, of course he’s on the take.

Best place on meth
Member
Best place on meth

The Vancouver Model: BC Casinos Linked with Chinese Gangs, Drugs and International Crime

http://www.casinoreports.ca/2018/04/20/the-vancouver-model-bc-casinos-linked-with-chinese-gangs-drugs-and-international-crime/

The suspicions that money from criminal activity has been laundered through British Columbia casinos for years have spread and are now turning into a crisis, the province’s Attorney General David Eby said on Thursday. In a TV interview, he talked about transnational crime and Chinese gangs that target British Columbia in an elaborate scheme, known by international experts as “the Vancouver model”.

According to journalists, Chinese gangs known as The Triads have deeply “infiltrated” Canada’s economy, flooding the streets with narcotics and washing the money from selling Fentanyl through B.C.’s casinos and real estate”

Best place on meth
Member
Best place on meth

“The Global News investigation details how the Vancouver model has worked through the years. The Chinese transnational organized crime syndicate, known as The Triads, was trafficking drugs, including Fentanyl, from the Chinese province Guangdong into Vancouver. They laundered the money generated from drug sales through British Columbia casinos and real estate market, and then, they transferred the funds back to China and to factories producing narcotics. This “deadly trade cycle”, as journalists call it, have affected multiple sectors of the economy in the country and have had an impact on various communities.”

I don’t know about you guys, but I think a massive wave of property seizures and deportations are in order.

Just me
Guest
Just me

This will forever be an incredible source of shame in the history of Canada, and Vancouver in particular.

To all those smug homeowners who are still fighting to repeal the NDP new taxes: you are condoning the criminal behaviour and money laundering of criminal syndicates who are killing many vulnerable addicts in the city, including children as young as 15. Tainted cheap synthetic drugs manufactured in China generate the massive profits that bankroll the continued acquisition of Vancouver real estate.

Human decency is compromised in the name of middle class profit. Shame on the lot of them.

Best place on meth
Member
Best place on meth

“If you lie down with dogs, you get up with fleas”

Liberals in Victoria and Ottawa have been lying down with chinese dogs.

backwardsevolution
Guest
backwardsevolution

Just me – good post. Fentanyl is deadly. Some is coming in from China through our mail service. As long as it is under 30g, Canada Post is not allowed to open the package.

“Bootleg fentanyl is highly lucrative

The math works like this, according to Edmonton physician Hakique Virani: A kilogram of pure fentanyl powder costs $12,500. A kilo is enough to make 1,000,000 tablets. Each tab sells for $20 in major cities, for total proceeds of $20-million. In smaller markets, the street price is as high as $80.”

https://www.theglobeandmail.com/news/national/how-fentanyl-is-getting-through-canadas-border/article29547443/

Just me
Guest
Just me

We need, as a society, to face up top the fact that some people are getting rich by killing our youngest and most vulnerable.

Much of that money gets recycled in real estate. Until we stop this perverse loop, the incentives to make money that way will be there.

We need to stop the Chinese criminal rings that orchestrate the whole trade.

bestplaceonearth
Guest
bestplaceonearth

Are you gonna run for the next election? Otherwise, your words are just salivating the blog.

bestplaceonearth
Guest
bestplaceonearth

Now you are blaming your failure to the “smug” homeowners! You fingers are getting longer, and so is your nose!
People need to stop taking those deadly pill if they don’t want to get hurt. There is consequence on everything!

Just me
Guest
Just me

There is a simple equation that holds in Vancouver economy:

High house prices = criminal money recycling.

One cannot exist without the other. And many middle class Vancouverites are OK with things to continue unchanged. The government should not interfere, they need to sell their homes for millions. No matter how the buyer made his money.

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

What data are you basing this garbage on, dumbass?

Just me
Guest
Just me

Once the German report will be published, will you acknowledge the truth finally? Or will you sycophantycally attack that as well, on ground of racism?

bestplaceonearth
Guest
bestplaceonearth

There, this tofu brain found the solution to the affordability issue in Vancouver! You should work for the NDP!

YVR
Guest
YVR

Report issued November 2017. Anyone know who was in power at that time in BC and who the AG was? Where is he? Oh he is pointing fingers and studying the issue. Hello, if laws are being broken then do something!

Just me
Guest
Just me

The first step is recognizing you have a problem. Only then you can set out to solve it. Let’s see what they will do over the next few months. If they do nothing they will be crucified by their own electors.

Under the BC Libs we were told there was no problem. in fact, even suggesting there was a problem was labelled racist.

You draw your own conclusions.

Best place on meth
Member
Best place on meth

Just back away slowly from the crazed partisan

No sudden movements..

Bag it and tag it
Member
Bag it and tag it

He’s already discredited himself on this site, not worthy of a response. I’ve lumped him in with Oracle as posters I do not read.

Oracle
Guest
Oracle

oh you read me. It’s your PC schooling making you say that.

YVR
Guest
YVR

“The first step is recognizing you have a problem.”

I think we passed that point years ago. The NDP campaigned on this being a problem last year and them taking rapid action. They did not campaign on studying the issue a year after the election.

bestplaceonearth
Guest
bestplaceonearth

Everyone knows BC has a problem since last July when the NDP sworn in!

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

Yet another Friday night alone for you?

Just me
Guest
Just me

Are you talking from personal experience?

Best place on meth
Member
Best place on meth

Never alone on a Friday night.

How about you, another night cruising East Hasting?

Best place on meth
Member
Best place on meth

If you thought Bob Rennie was dead, well, you’re mistaken. Sadly, he’s still breathing, still pumping out misinformative garbage, and still a corrupt traitor.

“Rise or fall of home prices largely linked to purchasing power: analyst”

https://www.kamloopsmatters.com/bc-news/rise-or-fall-of-home-prices-largely-linked-to-purchasing-power-analyst-899993

The data analyst claimed that while foreign buyers and speculation both play a role in the real estate market, neither is as significant as public perception would suggest. He cited government statistics that 5.4 per cent of Metro Vancouver home sales go to overseas nationals, and added Rennie Group data that analyzed home purchase applications, of which two per cent had international addresses.

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

“Give us the data!”

“…so we can ignore it, because we’re dumb racists!”

Just me
Guest
Just me

You and Judi Tyabji deserve a hell of your own making. By playing the race card, you are defending the killers and drug dealers who recycle the money in the real estate market. I really wonder how you can sleep at night, as it has become apparent that our middle class housing money is bankrolled by recycling blood money.

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

I pity you. Please, if you do nothing else, make sure your offspring get the education that you clearly never had. You can break the cycle.

Just me
Guest
Just me

If only you knew what you are talking about.
But you are clueless. And a liar.
Keep up your good work: the more you disseminate your nonsense, the more people realize the last 10 years were a major scam.

Oracle
Guest
Oracle

FFS thy already knew and voted accordingly.

It’s you thatvwas out to lunch.

No one is having an awakening. What has the NDP done besides talk?

Give your head a shake. House prices still in gazillions.

bestplaceonearth
Guest
bestplaceonearth

The last ten years was your own failure, own it and grow up!

bestplaceonearth
Guest
bestplaceonearth

Between Rennie and a basement dweller, people would trust Rennie more . Remember “be bold or move to suburb”, he was right!

Best place on meth
Member
Best place on meth

Mortgage Regulations Cool March Home Prices

https://www.canadianmortgagetrends.com/2018/04/mortgage-regulations-cool-march-home-prices/

“Housing legislation in Ontario and British Columbia, introduced in 2017 to cool their overheated urban markets, has continued to do just that, while dragging down average home prices year-over-year across the country.

“Government policy changes have made homebuyers and sellers increasingly uncertain about the outlook for home prices,” said Canadian Real Estate Board (CREA) President Andrew Peck. “The extent to which these changes have impacted housing market sentiment varies by region.”

Due to the new OSFI rules that came into effect this January, buyers are finding it hard to borrow enough to purchase more expensive homes. Instead, the new lending rules have likely forced them into less expensive markets, or encouraged them to buy before the rules tighten even further.”

Just me
Guest
Just me

Bunch of lies from the industry group. Yet, I found this pearl:

“Ramlo conceded that the 91 per cent of Rennie’s new home applications that were from Lower Mainland addresses would include satellite families and international students living in the region.”

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

And I bet you think that means 91% of sales were to foreigners. Because you’re clueless.

Just me
Guest
Just me

Not all 91%. But a good chunk of that is financed with money “earned” elsewhere or recycled through the fentanyl trade.
The evidence of the latter is building up fast as well.

As you keep advocating for Chinese money launderers, you are effectively advocating for ruthless drug dealers who are killing thousands of people with fentanyl every year.

But do not let that stop you.

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

Oh my god you’re retarded.

Just me
Guest
Just me

The more you insult others, the clearer it becomes you have no arguments.

specuskeptic
Member

So I’m updating my SIDA book of standards, and I need confirmation as I’m editing the new version over here.

“Locust” = racist term (even though the term originated in Hong Kong and referred to a specific group of “investors” who also happen to invest here to a certain extent)

“Retarded” = Acceptable term to describe someone who disagrees with you and sometimes uses frustratingly facile arguments or flawed logic or evidence.

To clarify SIDA, you decry the racism on this board and turn around and call people “retarded”? Interesting moral compass and standard you have there. To be honest, I actually read and considered what you had to say in many posts here. Looks like you’ve gotten caught up in the very same hate vortex you decry in others.

Please feel free to correct the record if there’s been an error here.

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

I was hoping you’d catch that because BPOM used the exact same word a little earlier on and you said absolutely nothing. What gives, hypocrite?

Best place on meth
Member
Best place on meth

Apparently you have no idea what hypocrisy means.

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

Stop embarrassing yourself.

specuskeptic
Member

Well, BPOM is not claiming moral superiority over all nor is he policing the board for sensitivity. That’s a role you seem to have been taking on.

Also, hypocrisy is when one says one thing and does another. I don’t see where I’ve done that.

I guess I’ve just learned to not take you seriously on that issue…

Side note: I highly doubt you actually was “hoping” I’d catch that. It’s a nice post facto justification though. What word describes an untruth and a person who tells them?

specuskeptic
Member

*you were “hoping”

bestplaceonearth
Guest
bestplaceonearth

The users are also part of the problem!

Just me
Guest
Just me

The users are addicts. And they are dying. What you wrote is not always silly but completely unacceptable.

You are basically condoning the dealers, but then again some of them might become your customers when they buy RE.

You should really hang your head in shame. But I know you won’t.

Bag it and tag it
Member
Bag it and tag it

“Housing legislation in Ontario and British Columbia, introduced in 2017”
I don’t recall any housing legislation introduced in BC in 2017 that was designed to cool housing.

bestplaceonearth
Guest
bestplaceonearth

It was the uncertainty of the NDP that cool housing!

specuskeptic
Member

David Eby responds to Judi Tyabji on Voice of BC.

Fucking brilliant.

https://youtu.be/X0_fhvAchAk?t=1925

Weeeaaarrrr EEEbeee?

patriotz
Member

“Under the BC Libs we were told there was no problem. in fact, even suggesting there was a problem was labelled racist.”

Keep up the good work Judi, we know who’s paying you. I’ve always said that these kind of accusations are the best thing that could happen to the NDP. It shows whose side the BC Liberals are on.

Just me
Guest
Just me

I just saw the video. Judi Tyabji is a clone of Christy Clark. She plays the race card to keep the flows of dirty money from China unabated. She is probably making money from them, as we as Christy,
‘Shake on both: this is exactly what we have had to suffer at the hands of the BC Libs for many years.

We were getting whacked on the head to point out illegal behaviour, No more.

YVR
Guest
YVR

How many houses does she own? We know Horgan owns two, Selena the housing minister owns two, Carol James owns two and Eby just bought.

Selective Memory
Guest
Selective Memory

So those 4 NDP ministers own fewer houses as a group than one-man REIT Mike De Jong?

Thanks for reminding us.

Just me
Guest
Just me

There is still an open question of how many Christy owns. It has been suggested in the past she may be the beneficial owner of properties on the west side, but it is hard to confirm given our laws on anonymity.

YVR
Guest
YVR

Do you not see the irony? The NDP are claiming prices are too high due to speculators but they are the speculators. They were the ones buying while the Liberals were in power. Now you think they are going to take meaningful action to decimate their net worth?

Just me
Guest
Just me

I see no irony at all. Compile a list of ownership (with values) and let’s see who comes ahead.
The BC Libs will win hands down in this RE wealth competition: and that is even without accounting for the anonymously held property many of them undoubtedly hold through registered companies.

Whister or Bust?
Guest
Whister or Bust?

Of course they will. They had real jobs before becoming politicians earning real money.

They weren’t union organizers and Keg waiters.

patriotz
Member

“Eby just bought”

I have already pointed out that according to his disclosures dated July 5, 2016, and July 5, 2017 (the most recent) Eby owned one property in Victoria. But you know he hasn’t “just bought” anyway.

Tiredofthis
Member
Tiredofthis

Oh dear Judi, not the racist card…well I guess we now know one of the many BC politicians that will be implicated in this money laundering cartel. Mr Cooper and Mr Eby have only just begun to unravel this web, and soon to be joined by more very powerful people with much to gain by dismantling the network.

This city has become an international joke, and the Vancouver model is now beginning to break down taking home prices with it…yes folks this time it’s for real.

Bag it and tag it
Member
Bag it and tag it

Hey Gordon, maybe get your wife Judi to play the racist card…it’ll sound better coming from her since she’s from India. Fail!

Just me
Guest
Just me

If you google Judi Tyabji, you will get a sequence of BC Libs failed politicians. Most of them connected to our corrupt RE industry establishment.
The list includes her spouse, Gordon Wilson, as well as a collection of questionable characters (Christy Clark features prominently…..apparently Tyabji is the author of a very positive biography of our former leader, where she spares no compliments to her master).

Best place on meth
Member
Best place on meth

Go have another affair with a married man, Judi.

What a slimeball.

specuskeptic
Member

Yep. She’s a great ethical scion well-suited to point out moral failings in others. I’m wondering if that lipstick she’s wearing comes in “hypocrite”…

specuskeptic
Member

More on Tyabji… or, more specifically, her fentanyl-dealing son. You just can’t make this stuff up http://vancouversun.com/news/crime/ex-mla-tyabjis-son-gets-new-trial-date-on-fentanyl-importation-charges

Rich…..

Best place on meth
Member
Best place on meth

No wonder the home wrecker Tyabji is so touchy about the whole subject of fentanyl and china, her own offspring is dealing the shit and killing people.

What a family of scumbags.

Sebastien
Member
Sebastien

21291 123b Street, Maple Ridge
Oct 4:$998,000
Apr 20: $540,000
Change: – 458000.00 -46%
A: ? ( Zolo estimates it at 900k)

11405 92 Avenue, Delta
Feb 20:$1,250,000
Apr 20: $888,000
Change: – 362000.00 -29%
A: $838,800

5700 120 Street, Surrey
Jan 2:$2,488,000
Apr 20: $1,799,888
Change: – 688112.00 -28%
A: $1,469,400

1252 21st Street, West Vancouver
Oct 3:$4,880,000
Apr 20: $3,988,000
Change: – 892000.00 -18%
A: $3,453,000

Just me
Guest
Just me

Keep ‘em coming!

We need to start seeing below assessed more often, it will be the trigger for serious adjustments.

Oracle
Guest
Oracle

Are you serious? We bedded to have the massive correction the NDP policies promised us.

With the massive influx of immigrants and illlegals, rents are just going to skyrocket and prices will form a base and rise.

By the way, rents are rocketing higher. but look the other way…you will wear that mistake. Hahaha

See Saw
Guest
See Saw

Thinkpol sez that half the detached homes in the CoV sold below assessments in Q1.

bestplaceonearth
Guest
bestplaceonearth

And what will you do to change your life with these “serious adjustments”? Nothing…zip…nada!

YVR
Guest
YVR

Problem with these price drops is they are only being reduced to a price above assessed value. Most were just listed way over what they could have ever sold for. Meaningless.

Just me
Guest
Just me

I agree. But the trend is your friend.
Until last Winter we were moving in the wring direction!

YVR
Guest
YVR

Asking prices going from way above market value to a little above market value is a meaningless trend that we have seen for years. What matters is the prices places sell for which is up in the double digits since the NDP took office. That is a very bad trend and it is moving in the wrong direction.

Just me
Guest
Just me

Data, please. You sound very self-confident, so you should be able to back these wild assertions.

I suspect you are making stuff up now. Cannot deal with the fact the BC Libs were way worse.

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

There used to be a poster here called “Canary in the coalmine” or something like that.

They also thought prices changes held predictive powers.

They were also wrong. You’re welcome to trawl through the archives.

And of course sales prices are the only ones which matter. And we have zolo for those.

Oracle
Guest
Oracle

NDP 1st anniversary in a few weeks.

Fail in year 1:
– Site C; need for LNG subzideized by you.
– LNG ; Moe making $$
– Ride-sharing; holy cash kickbacks batman
– ICBC; rates up. You pay. Stakeholders protected.
– Hydro; rates up
– HOUSING!!!! Hahaha

What to expect in year 2?

– failed referendum
– KM approval
– more studies ( no action, no one goes to jail)

An election???

Some of you have to come to the realization that NDP has a limited window to fin housing. They have pissed away most of that time. Yet the retards on here like to say this type is a post is from a Liberal supporter. Meanwhile the real troll just love the retards here.

Again. NDP has failed us.

Just me
Guest
Just me

Well, at the next election try and vote for the BC Libs. Then let us know how that works out for you.

bestplaceonearth
Guest
bestplaceonearth

Well, the economy had been great since 2002…until last July. Can’t tell the future, but the past proved itself. And of course, there are grunted people at anything!

specuskeptic
Member

Do you considered me a grunted person? If so, what am I grunted at? Who else on this board are grunted people at anything?

Best place on meth
Member
Best place on meth

He meant to say gruntled.

specuskeptic
Member

I’m plenty gruntled. 🙂

backwardsevolution
Guest
backwardsevolution

bestplaceonearth – the economy has been artificial, along with the interest rates. The Ponzi economy was manufactured and sustained with heavy government intervention. The past certainly did prove itself, and we’re now left with the damage. But it was a fun party, wasn’t it? Lots of politicians paid off, lots of realtors driving leased vehicles, and lots of foreigners speculating.

Lost...but not Leased
Guest
Lost...but not Leased
Scam artist /certifiable fraud Einstein talked about miracle of compound interest. Even a small amount of “fractional reserve” currency can compound to an UNpayable amount. The Banksters had to have a game plan for when ” the chickens came home to roo$$t”. They put so many bandaids on the steaming pile of debt( derivatives, MBS, etc), it culminated in Depression 2.0 in 2008…a collapse that was likely engineered as opposed to accidental. The US crash was more an internal reckoning, perhaps a test run……given USA can literally create it own economic weather. Since Depression 2.0…the next scam was loowwww(almost zero) interest rates,cheap credit… simply another drug to addict the masses..perception of wealth and security. Classic wealth avenues of Hard work and initiative were laughed at…so more became addicted/ entrapped in the cheap credit cycle.Duly note many Ex Commonwealth nations(Canada, New… Read more »
patriotz
Member

“Scam artist /certifiable fraud Einstein talked about miracle of compound interest.”

Like many other quotes attributed to Einstein, there is no evidence that he actually said this.

Just me
Guest
Just me

“Well, the economy had been great since 2002”

The only thing booming has been RE. We cannot have an economy based on RE alone. The boom in RE has hidden the ongoing decline of many other sectors. We are now more reliant on RE than Alberta is on oil.
And that’s not good.

Best place on meth
Member
Best place on meth

Shut the fuck up and go vote for the tobacco lobbyist.

Oracle
Guest
Oracle

Go back to your country.

backwardsevolution
Guest
backwardsevolution

Oracle – what’s the purpose of your life if not to undo the last election? Because the Liberals destroyed the province and left it dying on the side of the road, now someone has to come in and clean up their mess.

YOU have failed.

Oracle
Guest
Oracle

So go lenient on ndP and housing? Limited time left. Just saying.

backwardsevolution
Guest
backwardsevolution

Oracle – yes, you keep reminding everybody, and we keep noticing that you want the NDP to fail. It takes time to see the effects of policy change; we should see some results in a few more months.

Name
Guest
Name

Tenants ‘terrified’ as developers apply to rezone their Burnaby rental apartments:

http://www.news1130.com/2018/04/20/tenants-terrified-developers-apply-rezone-burnaby-rental-apartments/

“Seven rental buildings are slated for rezoning. They include 4960 Bennett, 5900 Olive, 6366 Cassie, 6433 McKay, 6444 Willingdon, 4241 Maywood, and 6075 Wilson. All are three-storey walk-ups, and most were built in the 1960s.”

Given Burnaby City Council’s pro-development stance and their track record of rubber-stamping new developments this will all proceed. It’s ironic since Burnaby City Council and mayor Corrigan have their roots in the NDP background but they are hardly acting like NDPers but more like the Socreds of old.

backwardsevolution
Guest
backwardsevolution

Name – time for Corrigan to go! So Canadian citizens get turfed out in order to make more high-rises apartments for the Chinese speculators? More Airbnb’s? More drug money funneled into the city?

What the hell is going on? Phone, write or email to complain. This has got to stop.

Name
Guest
Name

http://vancouversun.com/news/local-news/d-o-a-punk-legend-joe-keithley-announced-bid-to-become-mayor-in-burnaby

“As mayor, Keithley says he will increase affordable housing and rental units, freeze property taxes for a minimum of two years, and halt demo-victions in the Metrotown area. He also plans to institute term limits for elected officials, distance citizens’ committees from the mayor’s office and make Burnaby a more sustainable and greener city.”

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

Turd limits…

OH …..”term limits”

PS WTF is the difference ?

backwardsevolution
Guest
backwardsevolution
Name – when this Ponzi finally fizzles, there will be lots of units available. San Francisco had virtually no vacancy before the 2008 crisis, but after that there was a healthy surplus of units. I am quite convinced that the Chinese did not come here to live, but to speculate, just like they did in the major cities in China. As soon as the Chinese government tried to pull back on the speculation and passed laws which prevented these speculators from buying more than “X” number of units in China, they headed over here big time (as well as Australia, New Zealand, etc.) They have been gambling and speculating in our markets, and our governments have let them. As far as I’m concerned (and I’m still debating this in my head), property taxes should have increased as property values increased,… Read more »
specuskeptic
Member

“As far as I’m concerned (and I’m still debating this in my head), property taxes should have increased as property values increased, and they should have gone up a lot.”

They go up based on values in relation to others in the neighbourhood and not based on absolute values. A 130% increase in assessed value does not mean the commensurate rise in property taxes. If your home inflated more than your neighbours’, then your bill would two (and vice versa). (Correct me if I’m mistaken)

backwardsevolution
Guest
backwardsevolution

specuskeptic – yes, I know that “everybody’s” house value goes up. What I mean is if house prices have inflated, for example, say 20% over a given year, then up the property taxes by 20%, and then do the same the next year and the next. When the homeowners (who didn’t buy on speculation) start getting squeezed, then they’ll start screaming at the rapid increase in house prices. People never see others until they feel some pain themselves.

My point is that there needs to be a mechanism that stops this speculation in its tracks. Angry voters have a way of doing this.

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

This tear down mode of existing multi – family rentals is becoming epidemic. On a non- partisan basis, I think it strikes at the heart of basic human decency and exposes our politicians as $$$ whores.

Richmond has had its first purge of freehold strata ( Garden City and Cook Rd ) thanks to Bob Rennie and co…apparently he is working on other Richmond stratas. Suffice it to say there are a number of Richmond stratas that are of similar age.

The excuse is these buildings are at or near the end of their lives. That can be debated….

IMHO, because there is no direction at the Federal level…local gov’ts simply take the path of least resistance.

specuskeptic
Member
More from “the right people are squawking” file: “From The Leg: Concerns about spending initiatives, ability to fund” “Speculation Tax: The upcoming tax on Assets and Capital (Speculation Tax) will affect every person who has a second home or vacation home in Vancouver, Kelowna/West Kelowna or on Vancouver Island, whether you live in BC or not. People who have been coming to BC for generations to a cabin on a lake etc., will have their property taxes jump. One property owner from Alberta who has a vacation property on Vancouver Island will see his property tax go from $3000 to $10,000. Is the purpose of this tax to punish all who have a second home and force them to sell? What about people who bought property as a retirement asset instead of buying into the stock market. They will see… Read more »
bestplaceonearth
Guest
bestplaceonearth

Right on the money, and I should also add, don’t expect to do any business in BC either. There are a small groups-but-loud-mouths that protest anything – and demand everything else!

backwardsevolution
Guest
backwardsevolution

bestplaceonearth – oh good, that must mean you’ll be moving.

The Liberals were in the “business” of selling out the province. Is that the type of “business” you mean? Like a cheap hooker-type business?

backwardsevolution
Guest
backwardsevolution
specuskeptic – “The real culprits are more likely the low interest rates, inadequate housing supply, and the strong economic growth BC experienced under the former government.” Artificially suppressing interest rates for a decade was such a stupid thing to do, I agree. It almost appears like it was done on purpose, don’t you think? “Come on in and sign on the dotted line. Can’t sign your name? We don’t care, just use an ‘X’. No down payment? We don’t care because CMHC has our back. You want to pledge foreign collateral against the purchase? Okay. How about one of those 40 year amortizations? You want to set up a shell corporation in order to purchase the property and hide your name? That’s all good. Suitcase full of cash? Sure, we can launder that for you.”
backwardsevolution
Guest
backwardsevolution

specuskeptic – “The real culprits are more likely the low interest rates, inadequate housing supply, and the strong economic growth BC experienced under the former government.”

There is already an adequate housing supply, but it’s being held off market by speculators.

The artificial economic growth was a real win-win, wasn’t it? One we have all paid dearly for. Corruption coming out of every pore, money laundering, a prolific drug trade, a city full of foreigners who do not possess our values, crowded streets, rampant speculation, and the list goes on. It’s been a terrific sell-out, hasn’t it?

specuskeptic
Member

Yes. I think the rule changes (lowering bar to 0/40) and inflationary policy decisions (low rates) are the biggest factors. Further on in the video, Palmer basically frames the MLA’s beef (posted above) as a question, and Eby Responds well (IMHO)

https://youtu.be/X0_fhvAchAk?t=2252

Just me
Guest
Just me

These people protesting are nothing but a bunch of whiners who have been pampered by the BC Libs. The taxes being proposed are tiny in relation to their massive house values. But they are still throwing everything they have to stop them.

If these are our elites, we are so screwed…..

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

Be interesting to see some data come forward that reveals the impact of the speculation tax on the markets the NDP targetted…….such as Kelowna area. Specifically the Alberta owners.

What do you do….Bail asap…or ride it out till next election ? NDP have a history of never admitting mistakes( ie ICBC..ALR ,Fast Ferry…etc)

Never could figure out why NDP targetted NDP stronghold blue collar Nanaimo, unless of course they saw much of their support were NOT homeowners.

patriotz
Member

“will affect every person who has a second home or vacation home in Vancouver, Kelowna/West Kelowna or on Vancouver Island”

What a liar. The tax was never going to apply to the whole Island, and as of the date of the column (April 19 2018) it had been cut back to Nanaimo/Lanztville and urban Greater Victoria only. Nor are there many “cabins on lakes” in any other the other urban areas. Nor will it affect second home owners who pay a level of income tax appropriate to their RE assets. She’s just shilling for the RE industry and the illegal short-term rental operators (who are most of the “second home” owners IMHO).

patriotz
Member

“What about people who bought property as a retirement asset instead of buying into the stock market.”

How about – renting it out for 6 months a year! You can still use it for the other 6 months and you’ll have more money to spend!

backwardsevolution
Guest
backwardsevolution

“The Hong Kong Monetary Authority had stepped in 13 times within a week by Thursday morning, using its reserves to sell US$6.54bn and buying Hong Kong dollars to prop up the local currency, after it slumped to its weakest level since 2005. Hong Kong’s dollar hit the lowest level allowed under a more than three-decade-old U.S. dollar-peg agreement, forcing the de facto central bank to step in to defend the currency and stabilize it.”

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

Maybe George Soros is back to his olde tricks of targetting certain currencies for fun and profit ????

xhistory
Guest
xhistory

The moderator asks:
‘How is your investments doing?”

And to be sure we know to which he refers…
‘420 dude’

In order to help the aggregators and modelers, there is only ONE person on the West Coast you need to watch (not me), in order to time the whole ShabanG, the connexion between Capital, Debt, Leverage, Real Estate, and the role of the Canadian Marijuana complex….

good luck and SpeedGod