Friday Free-for-all! June 22, 2018

You know what time it is? Friday free for all time!

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:

The U-Haul data point

putting on the brakes

25% of sold houses torn down

real estate owners registry

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

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Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again
I’m thinking about supporting Wai Young for mayor of Vancouver. I don’t like how she is opposed to the school tax on $3 million+ homes and how she is allied with the West Siders who are trying to get rid of the tax. But just about everything else she is saying is music to my ears. No new bike lanes! OMG Yes! This is from the Vancouver Sun article on her this morning: “Folks, have you noticed the increase in homelessness?” Young asked. “The increased dirt and the inner city decay that is in our city? The increase of garbage cans overflowing? The needles on the streets, in our parks, in our playgrounds?” She is right. Downtown Vancouver has turned into a cess pool. And now that we are heading into the dry season, the stench of piss is already… Read more »
Just me
Guest
Just me
For me housing policies have to take priorities. I don’t like the rotting of downtown, nor I have a strong preference for bike lanes and the such. But anyone who sides with homeowners and wishes for house prices to be even higher than they already are, well, that person should not get my vote. I am not going to vote for Christmas if I am a turkey. And wai Young is Christmas. She is the status quo for housing. She is the one who says there is no problem with current house prices, like Christy Clark before her. Sorry, but one has to pick the Keats bad. And that means people who actually realize that doctors, lawyers, scientists and the like are effectively priced out from the housing market by Chinese millionaires. Wai Young will side with the Chinese millionaires.… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

How are people priced out when they’re still managing to account for at least 90% of sales?

Just me
Guest
Just me

Right. Of course one of the official clowns of the blog had to chip in.

Yes, SIDA. You are right. Earth is flat. Now go and vote for someone who will guarantee higher house prices for the next decade.

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

Come back when you have some data? You literally have no way to rebut my statement.

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

At least in house VCI sino- apologist SIDA didn’t mortgage and unleash their arsenal of potty- mouth expletives

…dumbass…

Bestplaceonearth
Guest
Bestplaceonearth

You have failed. Don’t assume the rest of the people too have. Quit your jealousy.

southseacompany
Member
southseacompany
Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again
Absolutely. I agree, her biggest downside is she does support status quo on housing. But who doesn’t, among the political class, at the end of the day? The NDP claim to want to make housing more affordable, but as Oracle points out, we are now well into the NDP’s mandate and rental housing has only become more expensive and scarce. And Oracle is absolutely right that the rental situation will be worse in August and September with back to school. None of the politicians will do anything about this. None of the politicians will call for an end to endless international students and immigrants. All of the political parties, left and right, support more immigration to prop up a real estate pyramid scheme. I don’t think Wai Young can be bought off by developers. She is opposed to the school… Read more »
Oracle
Guest
Oracle
There is no believing here that the skyrocketing numbers of foreign student, 10 yr visas, supervises are the cause of the rental crisis. They will think you are a realtor pumper lol. On a blog with only a few dozen people. They think it will sway public opinion of millions. Lol But yeah, Aug 1st should see a huge spike in asking prices for rents. And nothing short of a 5% rent hike in the new year as well but many people will use loopholes to evict. The low end in the valley has been experiencing FOMO at a crazy level. The people in vancouver focusing on the million dollar homes ….well the look on their faces gonna be priceless when they are priced out of the entire lower mainland let alone Metro Vancouver as they were thinking. In any… Read more »
Bestplaceonearth
Guest
Bestplaceonearth

Don’t tell, just me would burst his balls.

patriotz
Member

Wai Young is a nutcase who was an embarrassment to the Conservatives when she was MP for Vancouver South (defeated in 2015). If you actually want to elect a mayor who is pro -West Side homeowner and anti-bike lanes, vote for the NPA candidate Ken Sim, because if Young actually runs (which likely won’t happen IMHO) she will just split the vote.

https://en.wikipedia.org/wiki/Wai_Young

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

If she was an embarrassment to the Harper Conservatives, or to any establishment politicians, then that is just one more thing to like about her. The establishment politicians are the ones who brought us here, so let’s not forget that. All those politicians who are embarrassed about Wai Young have done absolutely nothing for ordinary working people.

Just me
Guest
Just me

You talk about the establishment? Well, you know who the real establishment is in Vancouver in 2018? It is homeowners, developers, real estate agencies of dubious origin and often from different countries. And politicians who take their side and support even stronger flows of people and money from mainland China. This is the establishment in Vancouver. Not some left leaning idiots who like bike lanes.

There is a difference between a minor annoyance and an outright disaster. If you vote for the real estate establishment, you choose the disaster to avoid the annoyance.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

I guess I just want to see political correctness smashed to pieces above anything else. I feel like we will never be able to solve our housing woes until political correctness is stopped first and people (all people regardless of race) can talk about their true experiences and opinions. Right now, we can’t do that and so any solution that any politician comes up with will be half-baked and likely to make the situation worse in some unanticipated way. The battle for affordable housing truly has moved on to being a battle against political correctness. I just think we need a disruptor who will shake up politics and Wai Young may be the one to do it.

patriotz
Member

“The battle for affordable housing truly has moved on to being a battle against political correctness. ”

So you think electing a politician who is pro-China and pro-entitled homeowner is actually going to help housing affordability, because supposedly she is opposed to “political correctness”, which in her case simply seems to equate with being a buffoon. Well by all means give her your vote.

Best place on meth
Member
Best place on meth

” a politician who is pro-China and pro-entitled homeowner”

Automatically disqualified from Canadian politics and the human race.

I would strip her of citizenship and deport her back to her shithole of origin.

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

Hong Kong?

Best place on meth
Member
Best place on meth

Yes, Hong Kong which is now run by, and over run by the mainland vermin.

Bestplaceonearth
Guest
Bestplaceonearth

Bhahahaha, the jealousy just exposed it’s true color.

Royce McC
Guest
Royce McC

She’s an embarrassment because she did things such as likening a Conservative internet surveillance bill to doing the work of Jesus. She is bonkers. Her winning would actually be hilarious as she would very quickly become a bigger magnet for discontent than Gregor.

Just me
Guest
Just me

Pressure builds to close ‘birth tourism’ loophole for getting citizenship

http://vancouversun.com/news/local-news/pressure-builds-to-close-birth-tourism-loophole-for-getting-citizenship

“We are reaching a tipping point,” he said. “Nurses have told me that this is displacing folks from giving birth in Richmond.”

The number of babies born to foreign nationals at Richmond Hospital rose to 384 last year from just 18 in 2010 and now accounts for about 20 per cent of all deliveries, according to Vancouver Coastal Health. Under Canadian law, babies born here get Canadian citizenship regardless of their parents’ citizenship.

An entire industry of citizenship brokers and maternity tourism businesses are profiting from this “illegitimate business model,” said Peschisolido, who represents Steveston-Richmond East. “A whole slew of folks are complicit in this.”

Name
Guest
Name

As we see time and time again, the locusts will exploit any loophole in the Canadian system to gain their advantage over us. We need to remain vigilant and not be concerned about being PC or whatever and we need to control the situation.

Ulsterman
Member

Interesting to see how many of these women would not ACCIDENTALLY give birth during a Vancouver stopover if citizenship was not on the cards. Incredible to think that something so plainly abused could not almost immediately be outlawed in one sitting of parliament. Of well, here goes years of studies, committees, and focus groups to determine the “best path forward.”

patriotz
Member
” Incredible to think that something so plainly abused could not almost immediately be outlawed in one sitting of parliament.” It cannot, because it would also require that all provincial and territorial birth registry systems be changed to co-ordinate with federal citizenship records. Conservative immigration minister Alexander in 2014: “It’s too soon to tell what vehicle we will choose for doing that. It involves the provinces because births take place in provincial medical systems and we want to get the solution right with our provincial partners,” Alexander said. “I would expect action on that front this year but not necessarily as soon as the Citizenship Act.” http://www.cbc.ca/news/politics/canadian-citizenship-rules-face-broad-reform-in-2014-1.2508758 Of course the Conservatives took no action at all. We all know how hard it is to get all provinces on side for any issue. One thing the feds could do by themselves… Read more »
YVR
Guest
YVR

Last time I checked the Conservatives were not longer in power. In 2010 when they were in power this was not a problem. Today it is a problem and we have the federal Liberals and BC NDP promoting this practice. The BC NDP could stop this immediately if they wanted to.

Best place on meth
Member
Best place on meth

No reason why a ban on automatic citizenship couldn’t be made retroactive.

Lawmakers make the laws.

SilentBob
Guest
SilentBob
Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

PS: I was initially leaning towards Hector Bremner but he seems missing in action. Last I heard, he was still planning on running. But he’s been awfully quiet. He is striking me as a ditherer so I don’t like that.

bullwhip29
Guest
bullwhip29

this a$$clown would be worse than Moonbeam

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Oh. And God Help Surrey If Coleman Wins!!!!!!!!!!!!!!!!!!!

bullwhip29
Guest
bullwhip29

Disappointing Canadian data diminishes prospect of rate hike
https://ca.reuters.com/article/domesticNews/idCAKBN1JI1SI-OCADN

Name
Guest
Name

May inflation rates (previous month in brackets):

— Newfoundland and Labrador: 1.8 per cent (1.5)
— Prince Edward Island: 2.4 (2.2)
— Nova Scotia: 2.3 (2.8)
— New Brunswick: 2.1 (2.2)
— Quebec: 1.7 (1.7)
— Ontario: 2.3 (2.1)
— Manitoba: 2.7 (2.9)
— Saskatchewan: 3.0 (2.5)
— Alberta: 2.6 (2.3)
— British Columbia: 2.7 (2.7)

look at Sask and Man. wow.
keep those interest rates low Poloz what a job you are doing.

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

Saskatchewan and Manitoba together represent about 7% of both the population and GDP. I’m guessing Poloz knows this whereas you don’t.

bullwhip29
Guest
bullwhip29

SCMP: Canada housing non-profit courts Ottawa with affordability plan – as founder Westbank woos millionaires in China with gifts and soaring prices
http://www.scmp.com/news/world/united-states-canada/article/2151920/canada-housing-non-profit-courts-ottawa

Laibach
Member
Laibach

Wow…

“Gillespie framed Vancouver as a city attracting “the best and the brightest” of the world’s intellectual capital.”

And yet for many years, we have a flood of obtuse creatures strolling the city in trophy cars searching for laundromats and parking spots for their “intellectual capital”.

Name
Guest
Name

Gillespie was nonplussed by the then-recent cancellation of Canada’s federal immigrant investor programme*, and expected it to be replaced anyway.
“The way to think of it is water is running down the hill. You put a boulder in the middle of the creek and the water heads around it. It always finds a way. People find a way … it has always been that way. It’s like they are trying to plug a hose with a little pebble.”

So true that when one hole in the wall is plugged up the rats will always find another way into the house…

Just me
Guest
Just me

What Gillespie failed to disclose is that we have the technology to stop heavy water flows: they are called dams.
If there was political will, we could stop the flows and build a serious dam that makes it uninviting for some dodgy millionaires to move here.

The problem is not the technology, it is the political will.

Gillespie is corrupt to the bone, as are those politicians who hang around him.

Best place on meth
Member
Best place on meth

Does Gillespie look reasonably flammable?

Just asking for a friend.

Name
Guest
Name

Canadian Dollar continues to Slide:

The Canadian dollar was trading at 74.97 cents US, down from Thursday’s average value of 75.13 cents US. The loonie faltered following disappointing economic data from Statistics Canada out Friday.
Statistics Canada said Canada’s annual inflation rate rose 2.2 per cent in May, far below the 2.6 per cent consensus among economists. April retail trade data also disappointed with a 1.2 per cent contraction that surprised economists.

canuck dollar in the ditch, inflation up, retail sales down. what a great job of ruining Canada you are doing Poloz.
and wait until Trump cancels nafta and puts duties on canadian made cars then we will really be sunk.

Laibach
Member
Laibach

But Poloz knows what is he doing, just ask some of VCI clowns.

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

I completely forgot that you’re both better informed and more experienced than him. Apologies.

Name
Guest
Name

We post factual articles and data and you post insulting nonsense. You really are a moronic clown.

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

What’s the point in posting data if you clearly fail to understand how to draw meaningful conclusions from it?

Name
Guest
Name

What’s the point of you posting insulting comments that add nothing to this blog?

Just me
Guest
Just me

SIDA insults others when he runs out of arguments. He is almost religious in his belief that foreign money is not to blame for any ill in Vancouver. And he is happy to crucify whoever brings counterarguments that show how silly his beliefs are.

Whether he does this out of spite, stupidity or self-interest, it is not clear. At least, in the case of BPOE, we know it is a mixture of ignorance and greed.

Name
Guest
Name

SIDA is a troll. And there are also a few other trolls on here like BPOE who we should not waste our time with.

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

If you were genuinely interested in debate you’d have followed up on the topic of provincial inflation which you started. But instead you chose to run away and hide.

Just me
Guest
Just me

OK, let’s talk Provincial inflation. The official figures in BC stand at 2.7%. BC is not a small province in Canada. Given the way they are designed, the official figures do not include the massive and ongoing runup in housing costs for a large part of the working population in BC. Is Poloz worried about that? Hardly.

Poloz appears more concerned about his career prospects than the long-term good of the economy.

The amount of systemic risk introduced by the lax monetary policy of the past 5 years is staggering. Nobody knows when, but at some point, the wheels will come off the debt cart. Poloz is simply hoping this will happen when he is safe in a new appointment with some international agency or bank.

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

Ontario and Quebec combined have 4 times the population of B.C., and inflation rates which are much closer to the target.

But do let me know when you finally get it.

Name
Guest
Name

“Ontario and Quebec combined have 4 times the population of B.C.”

so we should ignore everywhere else? That’s bad logic on your part.

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

Uh, no. It’s called a weighted sum.

Just me
Guest
Just me

Funny you say that. The majority never seemed to bother you when it comes to legislation that hits vested housing interests.
Those Provinces have the majority of the population, correct. But Poloz made the clear choice to ignore the capital inflation in BC to appease interests elsewhere. Yet another episode of “let the wretched provinces burn”.

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

It’s not about democratic majority it’s about being the lion’s share of GDP. Or should I get out the crayons? It’s quite pathetic the lengths you’ll go to to try and present yourself as being more knowledgeable and capable than Poloz.

Just me
Guest
Just me

Ontario and Quebec are important. But the guy is setting national policy. And those two provinces by now account for a minority of the total.

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

Actually, those two provinces alone are the majority.

patriotz
Member

“Given the way they are designed, the official figures do not include the massive and ongoing runup in housing costs for a large part of the working population in BC.”

The only large group subject to a substantial increase in housing costs so far is renters, and rent is in CPI. There aren’t that many first time buyers (who are the ones hit by the increase in prices) and they have a choice not to buy.

Now if mortgage rates go up, watch out for a substantial increase for owners, and that’s included in CPI as well.

Just me
Guest
Just me

“There aren’t that many first time buyers (who are the ones hit by the increase in prices) and they have a choice not to buy.”

Of course I have a choice not to buy. I could say the same for gasoline, food, medications, hair cuts.
It is irrelevant for the argument that a large share of ongoing capital inflation is not well captured by CPI.

patriotz
Member

“I could say the same for gasoline, food, medications, hair cuts.”

It’s not the same. CPI does not cover the cost of buying an oil refinery, farm, drug factory, or barber shop, or shares in any of the preceding. The “C” stands for consumption, and consumption of shelter is renting.

Name
Guest
Name

No running, just ignoring of a troll.

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

Once again, the data is on my side – not yours. I know how much you hate that, that’s why you accuse them of having “religious” or “flat earth” beliefs. Pathetic.

Name
Guest
Name

There is no “data on your side” the numbers are what they are. You are just spinning an opposing view which is what you always do.

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

You’re clearly clueless. All the data we have paints a picture of Canadians gorging on credit to satisfy a lust for real estate at the expense of any other type of investment or financial plan.

Whereas you have nothing except toxic prejudices.

Name
Guest
Name

My prejudices are not toxic.

Bestplaceonearth
Guest
Bestplaceonearth

It’s all others’s fault for my failure. Me? I am perfect! Right, just me!

Just me
Guest
Just me

Right. You are obviously perfect. Witty, intelligent, honest and, above all, generous.
A great specimen of a man you are.

kabloona
Member
kabloona

Canbuck now more than 75 cents US at the moment……oil back up over $69 USD……

😉

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

If nafta gets cancelled do you think that will result in the sort of economic environment which warrants increasing rates?

Best place on meth
Member
Best place on meth

What kind of asshole keeps defending emergency low rates all the time?

AIDS!!!

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

Dumbass, you’re supporting another country in a trade war (say, doesn’t that make you a traitor?) and then moaning about the prospect of continuing low rates? Does it hurt to be so stupid?

Name
Guest
Name

Please sign the active petition to stop birth tourism:

https://petitions.ourcommons.ca/en/Petition/Details?Petition=e-1527

we all need to get involved to stop this abuse of the generous Canadian system by foreign interests.

kabloona
Member
kabloona

A headline we will see more often in the near future, perhaps….?

😉

“Real estate deal gone bad led to three Brampton men being viciously beaten: police”

https://www.thestar.com/news/gta/2018/06/22/real-estate-deal-gone-bad-led-to-three-brampton-men-being-viciously-beaten-police.html

Specuskeptic
Member

This one’s for you BPOE. https://thetyee.ca/Opinion/2018/06/22/Opponents-Of-BC-Tax-On-Homes-Are-Wrong/
“Why the Opponents of BC’s New Tax on Homes Over $3 Million Are Wrong
No it’s not radical, punitive, confiscatory or unfair. Here’s why.”

Just read it. Don’t bother responding because imma do that here for ya right now.

Blah blah robinhood tax blah blah blah. Something something freeloaders blah blah. Your momma’s basement.
Buahahaha.

Did I nail it?

(I nailed it, didn’t I BPOE ;-))

Specuskeptic
Member

Forgot to include a clutch passage.

“Even though the gains in value of top-tier properties have arisen mainly through luck, these homes carry low property tax rates and go totally tax-free on their gains and any bequests. In contrast, most Canadians face relatively high rates of tax on earnings from their daily efforts as workers, employers, self-employed and proprietors. If any taxes need to be increased, commonplace fairness suggests that emphasis be on currently low-taxed high-value real estate and not by raising rates on already highly taxed activities . “

Just me
Guest
Just me

Rhys Kesselman is making sense. The difference between real estate marketers and serious academics.

Just me
Guest
Just me

“These gains are the result of good fortune as well as policies provincially and nationally that have allowed large pools of foreign wealth to inflate the local housing market.”

“…some critics of the surtax have proposed an alternative that would raise income tax rates by 0.25 percentage points for incomes above $150,000. That would push the marginal tax rate in B.C. for top earners above 50 per cent. Yet, an individual earning $150,000 (or even $200,000) would not be able to buy a home priced over $3 million unless they had a massive down payment. It is ironic that some who through good fortune became property rich would be pointing to increased taxes on productive upper earners.”

Dave
Member

This is a critical point. We can’t keep taxing producers and production. We need to tax wealth because it’s reasonable given the situation.

Bestplaceonearth
Guest
Bestplaceonearth

Tell that to the NDP. Can’t keep taxing with out building the economy. But, they can never understand it.

Specuskeptic
Member

But they DO understand it. That’s why the tax on high value properties.

Bestplaceonearth
Guest
Bestplaceonearth

Of course they understand the Robinhood tax. It’s free money to them.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

How about spending less???? Why do we need to increase taxes at all? They are already at crazy levels.

Just me
Guest
Just me

Not increase. Shift the burden from one (productive) activity to a idle (umproductive) asset like land.
Taxes are bad. Let us at least make them less bad by designing them fairly and efficiently.

YVR
Guest
YVR

“Not increase. Shift the burden from one (productive) activity to a idle (umproductive) asset like land.”

LOL the NDP shift taxes. They have never seen a tax they would like to cut. Under the NDP it will only be tax increases in the guise of making housing more affordable. The original idea of the property tax was to lower income taxes and increase property taxes. The NDP instead raised both.

Just me
Guest
Just me

Not all wealth. Only land. Land cannot be hidden, its supply is inelastic. There is no distortion. Unlike for labor income and other productive activities employing non-land capital.

patriotz
Member

“We need to tax wealth because it’s reasonable given the situation.”

It’s not a tax on wealth, it’s a tax on one inflated asset that produces nothing. Big difference. You could own a $3+ million house and have a net worth much smaller than someone who owns a cheaper house.

Just me
Guest
Just me

“That the owners who have benefitted the most from a skyrocketing real estate market must pay modest increases relative to their home values should be acceptable in a region where many families are struggling to pay rising rents or to become owners of lower-valued homes. In short, the property surtax is neither radical nor punitive nor confiscatory nor unfair. Rather, the new surtax will generate public revenues in a simple, certain, efficient, and equitable manner.”

Bestplaceonearth
Guest
Bestplaceonearth

Benefits from what? It’s not like they don’t need a roof lover their heads. Stop the Robinhood tax. Or, your RRSP and tsfa are next. You hate the haves, do you not!

Specuskeptic
Member

RRSP and tsfa are federal jurisdiction. Still looking for a rational, fact-based argument. But do please continue with the fear mongering you greedy prick…

Bestplaceonearth
Guest
Bestplaceonearth

The NDP will do anything to put their hands in the cookie jar,. You bears are so naive.

Just me
Guest
Just me

it’s funny you mention TFSA. They exist because of Rhys Kesselman, who was the first to propose them and convinced the Feds to adopt them as a national program.

Prof. Kesselman must be laughing if reading this. He certainly is no pro-tax crusader. In fact, if you had the intelligence and patience to read what he wrote, he gave you many arguments why we should tax land and not labor income.

Not only you are annoying, BPOE, but you are also irremediably stupid.

Bestplaceonearth
Guest
Bestplaceonearth

If you are so smart, why aren’t you rich! Bhahahaha!

Just me
Guest
Just me

Who told you how much money I have or earn?

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

You’ve told us you have non-registered investments, that you pay income taxes in April, and what you consider to be incomes of the rich. And you don’t consider yourself to be rich – that would be unfair, right?

Just me
Guest
Just me

And, y the way, educate yourself and read what Kesselman wrote. You seem to have the mental age of a grade 2.

Royce McC
Guest
Royce McC

Yeah…

If you think intelligence and wealth are strongly correlated, I question how much time you’ve spent in the real world. I’ve met a bunch of smart people and a bunch of rich people. There wasn’t necessarily a lot of overlap. That’s not all to say that wealthy people are dumb. But among the wealthy people I have met, many 1) had inherited their wealth (which takes NO smarts) and 2) were just smart enough to know how to grease the right palms, etc. to preserve their financial interests.

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

Many other countries had TFSA equivalents for years. Canada was playing catch-up, not inventing something new.

For what it’s worth the TFSA limits are ridiculously low, too. But that’s mostly down to idiots who kept on bleating about “fairness”.

patriotz
Member

“For what it’s worth the TFSA limits are ridiculously low”

The reason they’re low is so that rich people can’t transfer all their investments to a TFSA, and then draw social benefits intended for lower income people like GIS, because TFSA withdrawls aren’t counted as income.

YVR
Guest
YVR

They could have just adjusted the GIS rules to factor in a TFSA. The GIS does not factor in multi million homes either. And we know suite rental income not claimed is overlooked by CRA. But of course the GIS was not the reason to limit the TFSA. It is the far left like Trudeau and Horgan love increasing taxes in the guise of helping the middle class or poor.

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

And other countries with higher tax-free account limits haven’t solved this problem?

And do you think a “rich” person would really benefit that much if the limit was $10K instead of $5k?

Additionally, transferring other assets into a TFSA might incur capital gains at the time of transfer – negating some of the benefit of future tax-free withdrawals.

What a ridiculous position.

The limits are set low because morons decided that because they’re not using them they’re somehow a benefit for just the rich. In fact they’re one of the fairest forms of savings vehicles out there. Far fairer than RRSPs.

Laibach
Member
Laibach

Lol, BPOE to understand something? That would be in a domain of science fiction. He is brain-dead but he doesn’t know it yet.

Bestplaceonearth
Guest
Bestplaceonearth

Sounds like you understand how the market works? Then how come are you not in the market? Why do you allow yourself to fail? Bhahahaha!

Specuskeptic
Member

Imma point out something that is obvious to all readers on the board now. You clearly have no counter to the arguments made in the article. It speaks volumes.

Now, return to your petulance there BPOE…

Bestplaceonearth
Guest
Bestplaceonearth

Rubbish opinion, no need to present counterargument. But I like writing counter offers, if you know what that is.

Specuskeptic
Member

You are very silly.

Best place on meth
Member
Best place on meth

Kudos to you for actually having the patience to debate a stupid, greedy cunt like bpoe instead of just mocking him like he deserves.

paulb
Member

New
160
Price Change
94
Sold
93
TI:12755

http://www.clivestevepaul.com

BubbleTea
Guest
BubbleTea

Double Whammy! Sub 100 sales in the middle of summer plus more price change than sales. Panic yet?

Bestplaceonearth
Guest
Bestplaceonearth

Panic all right…I see people eating grass on the street, as they need to save every penny for the wealth tax…not.. bhahahaha

Name
Guest
Name

Sheep eat grass… bhahahaha

Bestplaceonearth
Guest
Bestplaceonearth

They do, don’t they!

Best place on meth
Member
Best place on meth

Seriously, what’s your first language and which shithole did you arrive here from?

Laibach
Member
Laibach

Guess?

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

I seriously believe this blog has been inflrtrated by people working for the Chinese Gov’t.

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

Anybody who interferes with the racists is, by definition, an employee of a foreign government. Give me a fucking break.

Bestplaceonearth
Guest
Bestplaceonearth

Hmmm, I have seven sh$tholes in my house. You have to share it with others, don’t you. That’s why all the jealousy.

Name
Guest
Name

bhahahaha !!!

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

This is how you spend every Friday nigh. I feel quite sorry for you.

Name
Guest
Name

it’s Saturday dummy.

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

Oh my.

Just me
Guest
Just me

E pieces must not be resisted lately, as inventory does not track listings.
People are taking properties off market, in the vain hope of a market pick up later in the year?

No Chump
Guest
No Chump

Yes, that is exactly what they’re doing; they are hoping for some sort of miraculous turnaround which isn’t going to happen. The boom is over and done with.

Bestplaceonearth
Guest
Bestplaceonearth

Why is listing getting slow down? I thought the owners are Heading to the exit? Bhahahaha?

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

“Why is listing getting slow down?”

A 50 cent-er in action!

They have Level two English classes in Dorm F at 7 pm. Might want to check it out.

Go away loser and take AIDS with you.

Bestplaceonearth
Guest
Bestplaceonearth

Oh, eglngkis police in present! Watch out!

Name
Guest
Name

bhahahaha !!!

Specuskeptic
Member

Some followup from last week’s John Oliver bit…

“A popular Chinese social media site is censoring discussion of Last Week Tonight and its HBO host John Oliver after he mocked Chinese President Xi Jinping, his apparent sensitivity about being compared to Winnie the Pooh and his country’s crackdown on human rights.

Attempts to send posts with either the terms “John Oliver” or “Last Week Tonight” on the Twitter-like microblogging service Sina Weibo on Friday were met with failure messages saying “the content contains information that violates relevant laws and regulations.” ”

Rich.

http://www.cbc.ca/news/entertainment/china-blocks-john-oliver-on-social-media-after-scathing-show-1.4717752?cmp=FB_Post_News

bullwhip29
Guest
bullwhip29

City to consider dual-tower, 438-room hotel that would offer long-term-stay suites for hospital visitors
http://www.richmond-news.com/proposal-for-huge-new-vancouver-hotel-takes-next-step-images-1.23345990

– proposed site is at 878-898 West Broadway, between Willow and Laurel streets (something tells me that something special will be done with 888 W. Broadway address)
– the new hotel is intended to serve both tourists and families visiting the nearby Vancouver General Hospital, with a large proportion of much-needed long-term-stay suites

YVR
Guest
YVR

Birth tourism seems to be an NDP top priority. I wonder if they will add a casino in the birth hotel for convenience.

Oracle
Guest
Oracle

All my relatives invited people over via 10 year visas. Encouraged to have babies here. Why not? Free for all Canada.

All the TFWs having them and you are paying for them. They are not included in stats. Hahaha

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

VGH isn’t a maternity hopsital.

YVR
Guest
YVR

“VGH isn’t a maternity hopsital.”

The NDP are working on that. Part of the Sino agenda.

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

If you’d care to think about it more than 4 seconds you might realize what the primary reason for suites might be. I’m sure you’d love to imply a more sinister purpose, however, because that is essentially all you’re here for.

Bestplaceonearth
Guest
Bestplaceonearth

Ok, I am gonna use my time to support for Wai Young. I will check back after the civic election and see who still stays in the basement, or who will move to the modular housing. I bet you will get ahead if talking to Paul instead of the other loser bears.
Good luck! Hope you will win more than you have failed.

Just me
Guest
Just me

“Ok, I am gonna use my time to support for Wai Young.”

Interesting. If people like you are going to support her, I am confident she has no chance.

bullwhip29
Guest
bullwhip29

‘Are you stupid?’: Richmond driver mounts curb, hits pole, flees Vancouver gas station
https://globalnews.ca/video/4292283/are-you-stupid

Name
Guest
Name

bhahahaha !!!

Best place on meth
Member
Best place on meth

He looks like the librarian kicker, I recognize the soulless vacant look on his face.

Best place on meth
Member
Best place on meth

Good for him for putting on his right turn signal when he exited the gas station after destroying it.

Name
Guest
Name

Vancouver not interested in tool to detect fake Airbnb licenses, says housing advocate

http://www.news1130.com/2018/06/22/vancouver-not-interested-tool-detect-fake-airbnb-licenses-says-housing-advocate/

“As an IT specialist, Rezel got to work to create software to detect the fake license numbers, but had a hard time getting the attention of city hall. He says he finally had a discussion with a manager at city hall this week. She let him know they weren’t interested in the software.”

So here we have a private citizen who is able to do what the CoV seems incapable of doing, and the CoV is not interested even when the CoV is actually responsible to police this situation. Why do we even pay taxes when the very entities we pay taxes to are not interested in doing any actual work?

Name
Guest
Name

Vancouver not interested in tool to detect fake Airbnb licenses, says housing advocate

http://www.news1130.com/2018/06/22/vancouver-not-interested-tool-detect-fake-airbnb-licenses-says-housing-advocate/

Just me
Guest
Just me

“As an IT specialist, Rezel got to work to create software to detect the fake license numbers, but had a hard time getting the attention of city hall. He says he finally had a discussion with a manager at city hall this week. She let him know they weren’t interested in the software.”

Just me
Guest
Just me

He offered a simple, cheap solution. The city said no.

Wonder why Airbnb is so happy about the deal they struck with the city of Vancouver? Abuse is condoned and blatant. Hosts simply ignore the bylaws and keep renting out their units. Enforcement is nil.

What a joke we have become.

Oracle
Guest
Oracle

NDP struck the deal.

Just me
Guest
Just me

Nope. It is municipal level. This is Vision Vancouver and Gregor Robertson.

It is a memorandum of understanding between Airbnb and the city.

Oracle
Guest
Oracle

Meoggs

Oracle
Guest
Oracle

You know who Geoff Meggs is? Guess where he is now? Guess where he was before?

NDP Power position/Vision

Oracle
Guest
Oracle

That’s why ridesharing not coming.

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

Perhaps the city said no because they can do exactly the same thing themselves but better without having to involve an outside party. It’s not exactly a sophisticated tool, and the rules that were used don’t even know if numbers which look valid are indeed valid – making it a little pointless.

Just me
Guest
Just me

“Perhaps the city said no because they can do exactly the same thing themselves but better without having to involve an outside party.”

There is absolutely zero evidence of that. And if it was the case, the city would say so, at least for PR reasons.
The city is aiding and abetting homeowners and speculators who want to make tax-free cash on the side.

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

The simple truth is we don’t know why the city declined. But don’t let that stop your imagination running wild.

Name
Guest
Name

“The simple truth is we don’t know why the city declined”
But you said this earlier:
“Perhaps the city said no because they can do exactly the same thing themselves but better without having to involve an outside party. ”
so it’s ok for you to wildly speculate on a motive and Just me tries to reign you in and then you dodge the point and come back with an insult.

Just me
Guest
Just me

Facts only apply to others. SIDA is a fact-free zone.

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

It’d help you out no end if you were to learn the difference between somebody openly giving their opinion and presenting a fact. Take as long as you need.

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

Dumbass, I presented an alternative to the original narrative to demonstrate my point that we simply don’t know why they declined. That’s exactly why I used the word “perhaps”.

Best place on meth
Member
Best place on meth

You know you’ve got the prick cornered like rabid animal when he shrieks “dumbass” at you.

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

It’s hardly my fault that the three of you can’t conprehend basic language constructs. No wonder the world is such a confusing place for you.

YVR
Guest
YVR

“What a joke we have become.”

You got what you voted for. Hogan and Robertson.

Just me
Guest
Just me

Horgan has nothing to do with this agreement between the city and Airbnb.
Criticizing is fine, but check your facts first.
Vision is fully responsible for this scam. And may I ask: are you so sure that NPA would be any better in restricting Airbnb? What makes you so confident?

YVR
Guest
YVR

“Horgan has nothing to do with this agreement between the city and Airbnb”

Horgan legitimized Airbnb province wide. Gave the green light with the PST agreement. He did exactly what Airbnb suggested they do. Either the NDP and dumb and naive or they want more Airbnb province wide.

MAKE TRUDEAU A DRAMA TEACHER AGAIN!
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN!

A flipping company for the masses.

https://www.groundfloor.us

xhistory
Guest
xhistory

Sports fan?
There are thousands of stadiums being planned or built, in all shapes and sizes, usages and financing…

In San Diego, private investors want to build 800 units for students…

stadiumdb.san_diego_mls_stadiumcom/designs/usa/

franko
Member
franko

” MAKE TYRUDEAU A DRAMA TEACHER AGAI! ”

I suppose that should depend on whether he was an accomplished or mediocre drama teacher, or if more demanding vocations were beyond his capacity to grasp or may have interfered with more alluring activities like his conduct at the Creston Valley music festival in August, 2000.

Slava
Member
Slava

For the “woe is me” 3 million dollar plus+ Homeowners, Here is an idea:

A significant reduction in property taxes if when you sell your home you agree to sell at a price that reflects local incomes that are taxed in BC,and not at current assessment price levels that only reflect incomes of tax free foreign money, mainly from China

What do you say?

Slava
Member
Slava

The utterance of the phrase “Hard Earned Home Equity” should be outlawed in BC, because it reflects an outright and very cynical lie.

Best place on meth
Member
Best place on meth

You can’t outlaw the phrase, but you can mock and ridicule the greedy, knuckle dragging dirtbags who keep uttering it.

Looking at you, Biggest Prick On Earth.

Slava
Member
Slava

It would still be great and a lesson learned, if anyone caught uttering it would be lightly tasered:)

Specuskeptic
Member

I highly doubt there’s anything big about that particular prick. Just a suspicion…. Lots of compensating going on there if you catch my drift.

Slava
Member
Slava

Mentally ill.

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

Just another lonely Saturday night for you.

Best place on meth
Member
Best place on meth

Just another day ending in “y” being a miserable, universally despised prick for you.

What’s it like to be hated by everyone?

Never mind, you have no shame therefore you don’t care.

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

You know, I think I blame those nasty foreigners for the fact that you’re a colossla failure by just about every measure. I hope that makes you feel a little better?

Just me
Guest
Just me
Driving near Chaldecott Park in Dunbar this afternoon, I passed by a fake Italian palace of the variety built in the past 5 years in that area. The house was probably 3,500sqft, with expensive-looking finishes and dubious taste garnishments. Outside was a bright red sign calling David Eby a thief. That household would probably pay the grand total of $5,000 per year for the privilege to live in one of the best, cleanest and most desirable areas in North America. They probably spent a few million to build that horrible mockery of a home. I have serious doubts they pay any taxes on income brought into the country. Yet they felt they had the right to call Eby a thief for charging them a pittance. My stomach turned. In good conscience, we cannot let this pass. If there is any… Read more »
Best place on meth
Member
Best place on meth

Did the sign look reasonably flammable?

Just asking for a friend

PS. what about the house itself?

Slava
Member
Slava

Don’t be afraid, start to take the signs down if on Public property.
“Canadian Politeness/cowardliness” will not get anyone anywhere as the results show, and virtue signaling is now passé.

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

You should probably apply for a senior position at the CRA if you think you can identify tax evasion from a moving car.

Just me
Guest
Just me

Even if one (naively in my view) were to assume that the monster house in question was built with locally taxed income, the absurdity of the red sign remains.
That household spent more on candelabra and ridiculous mock fittings than it would on 20 years of school tax. The arrogance and greed are frankly embarrassing and something I thought we would never see in Canada. Clearly these people feel entitled to public services but their contribution is not proportionate to their ability to contribute.

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

And you suggesting that rich Canadians are not entitled to public services? Why, exactly? And what’s the richness threshold? How do you know what they already contribute? You really do make a lot of assumptions. No wonder you’re always angry.

Just me
Guest
Just me

Not at all. They are entitled fully. But they should contribute according to their ability. Resenting to contribute what is effectively pocket change (given the homes they live in) is not only wrong, it is shameful.

As Rhys Kesselman pointed out in the article linked above, there is no fairness argument that would pass further scrutiny. These people are just shamefully greedy and embarrassing.

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

Great, so you’ve backed away from “serious doubts they they pay income tax” to “they have a sign on their lawn”. Well done, you.

Slava
Member
Slava

Please stop projecting.

Name
Guest
Name

They should be in china and try calling a local politician a thief and then see what happens to them… a re-education camp would be in their immediate future.

Slava
Member
Slava

Yes the audacity of these insects.

southseacompany
Member
southseacompany

“Real estate board stats point to slump in North Shore housing market”, North Shore News
http://nsnews.com/news/real-estate-board-stats-point-to-slump-in-north-shore-housing-market-1.23346156

“Sales in the top end of the North Shore real estate market are continuing to fall and prices are beginning to edge downward.”

“Prices have also started to edge down. An average West Vancouver selling price of $3.8 million at the peak of the market is now down to about $3.2 million. In the highest end of the luxury market, that change is even more pronounced.
“If you talk to people who have homes worth over $4 million . . . they’re down a ton,”

“Listings are up between 20 and 35 per cent in both communities compared to historical norms, he added.”

Specuskeptic
Member

“Prices have also started to edge down. An average West Vancouver selling price of $3.8 million at the peak of the market is now down to about $3.2 million.”

Soon it’ll be below the 3 mil mark…. So much for that “extortion level” tax rate.

Oracle
Guest
Oracle

Low need is higher. Meaning the top level isn’t selling

Meaning no cheaper for you.

Specuskeptic
Member

*In Gandalf voice: “You have no credibility here.”

Just me
Guest
Just me

“Eilers said only 135 single family homes in West Vancouver have sold between the beginning of 2018 and the end of May, compared to 584 during the same time period in 2016. In North Vancouver, 322 houses sold in the first five months of this year, compared to 704 in the first five months of 2016.”

“The foreign buyers tax, elimination of “shadow flipping” and new mortgage stress tests have all contributed to a cooling of the North Shore housing market, said Eilers.”

YVR
Guest
YVR

“The foreign buyers tax, elimination of “shadow flipping” and new mortgage stress tests have all contributed to a cooling of the North Shore housing market, said Eilers.”

In other words the NDP have had nothing to do with the cooling.

Just me
Guest
Just me

By changing the narrative at the Provincial government, the NDP has had a lot to do with this. Investors and money launderers now feel vulnerable and with no protection from high up. For the first time in decades.

Oracle
Guest
Oracle

Exactly. Not one of their policies have come into effect yet. And we are in year two.

Specuskeptic
Member

We are not in year two and your repetition of that lie will not make it any more true.

Slava
Member
Slava

Lying is a cultural heritage in India.

Specuskeptic
Member

If I were to bet, his DNA is not from India. He poses as someone from there to give him cover to say obnoxious things and ascribe insider knowledge to himself. He thinks it gives him license.

Best place on meth
Member
Best place on meth

He lies so much I wouldn’t be surprised if he was actually from china.

Ditto YVR.

YVR
Guest
YVR

“I wouldn’t be surprised if he was actually from china.”

Never been there. Horgan on the other hand made a trip there his first priority.

YVR
Guest
YVR

You know you things are getting embarrassing for the NDP shills when the best defense is splitting hairs on the second year anniversary of being in power. Bottom line the NDP have accomplished nothing on housing other than inflating it further. The election was held on May 9, 2017 BTW. Year 2 in progress. We can wait another month or two to what ever spin date you want. The results will be the same. Higher prices, higher rents.

Specuskeptic
Member

It’s part of a pattern of the BCLib hacks to spin and distort. You know full fucking well that the market will take time to turn irrespective of anything any provincial gov’t does – BCLib or NDP. The position you’ve taken is a fundamentally dishonest one.

YVR
Guest
YVR

“You know full fucking well that the market will take time to turn”

Take time to turn? Prices are up 20%. You probably won’t see BC Liberal era prices under this NDP term. Is that a success?

Specuskeptic
Member

3 Facts:
– Horgan became premier in July 2017.
– You know full well that a housing market does not turn on a dime.
– You are making an effort to deceive by spinning facts.

YVR
Guest
YVR

“Horgan became premier in July 2017”

What will you excuse be next week in July 2018?

Specuskeptic
Member

Mike Smyth applauds Eby http://theprovince.com/news/bc-politics/mike-smyth-eby-set-to-tackle-mind-blowing-money-laundering-in-b-c

Even our resident greed hogs can’t agree that this shit needs attention and a clamping down on. Seriously. You’re either with civilised society or you’re with the money launderers/fentanyl distributors. There’s very little grey area here.

Smyth’s still a partisan hack, but even he sees the writing on the wall here.

Just me
Guest
Just me

““It raises squarely the issue of British Columbia — and specifically Vancouver — as a hub of international money laundering and the chronology of how we got there,” he said.”

“Eby said he was shown shocking casino surveillance videos of high-rolling gamblers entering casinos with vast amounts of cash.

“Individuals wheeling large suitcases packed with $20 bills,” he said. “A guy lugging a hockey bag full of $20 bills into a casino. Others bringing stacks of cash to casino cages.”

Just me
Guest
Just me

“Eby told a House of Commons committee in March that much of the money appeared to flow from organized criminals in China, who discovered Metro Vancouver casinos were an easy destination to launder their ill-gotten loot.”

“But Eby said the shady activity in casinos could just be the tip of B.C.’s money-laundering iceberg.

“There is an appearance of a link between casinos, the real estate market, the fentanyl crisis and drug dealing around the province,” Eby said, adding German has also flagged suspicious financial activities in the B.C. horse-racing industry and the sale of expensive luxury cars.”

Just me
Guest
Just me

“He pointed to the recent case of Dan Bui Shun Jin, a suspected international money launderer arrested at The River Rock in May. Jin is accused of laundering more than $855 million though Australian casinos alone.

Police said they are investigating Jin’s activities in Canada, Australia, the U.S., Macau and Singapore.”

YVR
Guest
YVR

Still no arrests, no charges and no changes that solve the issue. These studies are for optics. River Rock should have been shutdown already. Would any other business accused of facilitating money laundering and drug trafficking continue to operate uninterrupted?

Just me
Guest
Just me

Why shut down, if there are legal patrons who bring legitimate tax money?
We need to stop the major donors of the BC Libs from laundering their money in those places if you ask me.

Oracle
Guest
Oracle

Deportation of a non-resident who doesn’t hold PR or citizenship!

Hahahahaha

patriotz
Member

Jeust me:”(Eby) pointed to the recent case of Dan Bui Shun Jin, a suspected international money launderer arrested at The River Rock in May”

“Still no arrests”

Do you even read the posts you’re replying to?

YVR
Guest
YVR

Australia not BC. Wong country. Nice to see they care. Otherwise this guy would be laundering as usual. And all theta happens is he is deported. No charges. I am sure Eby tried his best to avoid enforcing what Australia wanted.

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

You’re quite pathetic, YVR.

YVR
Guest
YVR

Sorry I don’t like vermin. Don’t take offense. China will take you back.

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

Thanks for proving my point.

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

Who are you implying is somehow supportive of money laundering?

Just me
Guest
Just me

There is a long list of people, certainly in Vancouver. Some of them are more explicit than others. But it is clear that many vested interests benefit from the continuous flow of dirty money, most of it rom mainland Chins.

Some are more subtle than others, but the divide is clear. And it starts with local politicians. Where do you stand, if I may ask?

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

Of course I don’t support money laundering or any other crime, imbecile.

Just me
Guest
Just me

Do you think that money flies from China are good for the economy. Shall we ask people for source if funds? Shall we have CRA look into lifestyles inconsistent with declared incomes? Shall we verify the source of income if students and housewives?

If you answer no to any of these questions, it is clear where you belong in the ongoing debate.

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

What’s a money fly? Ask which people for sources of funds, and under which circumstances? If students and housewives what exactly? You’ll need to express your questions clearly if you want answers, I’m afraid. It’s only fair.

Just me
Guest
Just me

“What’s a money fly?”
Flow.

“Ask which people for sources of funds, and under which circumstances? ”
All people, regardless of origin. If you own expensive homes, cars, go to private schools, while declaring little or no income, we should have automatic reviews.

“If students and housewives what exactly?”
If students and housewives buy 5 million dollar homes while declaring little or no income, CRA should not be afraid to proceed with further questions.

Many of these reasonable and common sense checks are not done for fear of racial profiling and other silly accusations.

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

Let’s use cars as an example to work through. What do you define as expensive? Does the dealer have to report the transaction to the CRA, meaning you’d need your SIN or something? What about used cars?

Just me
Guest
Just me

When I see an expensive car, I know it. Staring with R&R, Bentleys and Ferraris. Perhaps start from the obvious cases and work your way down?
If you have nothing to fear, it is just a minor annoyance. But it re-establishes a semblance of legality in this corrupt city.

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

So you can’t even define “rich” or consider how your idea would be implemented? Great start.

Just me
Guest
Just me

I just wrote that if you drive a Bentley or a Ferrari you must be quite well off and have high income. What other definition of rich are you looking for?

Compare expenditures to income: it is reasonable, fast and you have nothing to fear if you are legit. Why would you argue against it?

Shut It Down Already (original)
Guest
Shut It Down Already (original)
I’ve got absolutely no idea what your proposal is, so it’s hard to argue one way or the other. Are you suggesting that all buyers of such cars get an automatic audit? Who is responsible for reporting the transaction? What about vintage/collectible cars? What sort of income in your mind should allow somebody to purchase a Ferrari? Do you go by the purchase price or the expected maintenance costs? What if income in the previous year was zero but in prior years it was 7 figures? Is that acceptable for you? It’s clear that you’ve not thought this unworkable idea through and simply despise people with nice cars whilst convincing yourself that it’s somehow not possible to have wealth without a high income (which is somewhat ridiculous when you consider how many Vancouverites have sold their multi-million dollar houses). In… Read more »
Oracle
Guest
Oracle

And that should worry you. Smith writes for the developers. Meaning no teeth in upcoming policy.