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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[…]  Kabloona pointed out this article about a vacant zombie neighborhood in West Van. […]

Oracle
Guest
Oracle

Regarding the spec tax. Starting to see adds where professional renters will rent your unit long term but will not sleep there.

Would occupy the place for 1 or 2 days per month for a few hours for below market rents. Key to place not necessary as owner designate can open the door those 2 days. Will sign a rental agreement that owner can send to city.

Plus no law says renters can’t rent multiple places.

Id rent 10 if I can get paid about $100 per month/rental. And no the city isn’t going to cross Check tenants.

The Spec Tax is all hot air.

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

Why not post a link to one, then?

Oracle
Guest
Oracle

Breaking news:

NDP MLA whose running for mayor set to deliver ultimatum to NDP to cancel spec tax on Nanaimo.

Wow.

Oracle
Guest
Oracle

And it’s only 0.5% and the first $400,000 is exempt. And principle residences and rentals exempt.

Barely anyone will pay this hot air tax anyway.

All about votes.

kabloona
Member
kabloona

“In one of West Vancouver’s nicest neighbourhoods, nobody’s home except dust bunnies and raccoons”

https://www.thestar.com/vancouver/2018/06/24/in-one-of-west-vancouvers-nicest-neighbourhoods-nobodys-home-except-dust-bunnies-and-raccoons.html

“VANCOUVER — In one of Canada’s most expensive neighbourhoods, in hilly West Vancouver, sits a row of seemingly abandoned mansions.

Not a single person can be found on the upper north side of Highview Place on a weekday midafternoon….”

🙂

Just me
Guest
Just me

Rob Shaw: NDP dig in for long and painful fight on speculation tax.

http://vancouversun.com/news/politics/rob-shaw-ndp-dig-in-for-long-and-painful-fight-on-speculation-tax?video_autoplay=true

B.C.’s New Democrat government ended the spring session of the legislature thinking the worst was over when it came to the painful launch and scrambled retooling of its speculation tax.

But a new flare-up of anger has opened up battles on several fronts that will test the political mettle of Premier John Horgan’s government, and could even threaten its very survival.

Name
Guest
Name

This tax is for the good of the province and for future generations so these greedy whiners should realize that and shut up about it.

Name
Guest
Name

https://globalnews.ca/news/4294198/go-back-to-your-country-video-captures-angry-exchange-on-vancouver-bus/

chineeze creating more trouble …. maybe she’s on her way to buy a few condos….

bullwhip29
Guest
bullwhip29
Best place on meth
Member
Best place on meth

“Ms. Li’s legal team is arguing that the foreign-buyers tax, which is now 20 per cent of a property’s fair market value (it was 15 per cent at the time of her purchase), has violated foreign treaties, is not within the province’s power and discriminates against non-residents on the basis of national origin, which, they say, is contrary to Canada’s Charter of Rights and Freedoms.”

Wrong on all counts, and claiming racism is so pathetic.

Laibach
Member
Laibach

It wouldn’t be surprising if mainlanders at some point starts suing manufacturers of the performance cars for making too fast and sensitive cars therefore racially challenging their driving abilities.

https://youtu.be/zALq2FopzaI

bullwhip29
Guest
bullwhip29
Best place on meth
Member
Best place on meth

ROR!

Hirarious!!!

Name
Guest
Name

chineeze should only ride bicycles.

bullwhip29
Guest
bullwhip29

Government seeks forfeiture of casino chips seized from suspected money launderer
http://vancouversun.com/news/crime/government-seeks-forfeiture-of-casino-chips-seized-from-suspected-money-launderer

bullwhip29
Guest
bullwhip29

In one of Canada’s most expensive neighbourhoods, in hilly West Vancouver, sits a row of seemingly abandoned mansions…
https://www.thestar.com/vancouver/2018/06/24/in-one-of-west-vancouvers-nicest-neighbourhoods-nobodys-home-except-dust-bunnies-and-raccoons.html

Laibach
Member
Laibach

Terrible, the devastation as a result of the locust invasion on community will be felt for many years to come.

Oracle
Guest
Oracle

They will be majority in a few years.

Dyugle
Guest
Dyugle

I believe renters became the majority recently. Do you see this trend reversing?

Oracle
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Oracle

Half of renters half an inheritance eventually coming from parents. Some also have parents with significant assets overseas.

Only about 20% of people are true renters without inheritances.

Just me
Guest
Just me

Jenny Kwan is not a good lawmaker. Further evidence below.

Douglas Todd: Canadian officials battle dozens of migration scams

http://vancouversun.com/opinion/columnists/douglas-todd-canadian-officials-battle-dozens-of-migration-scams

Specuskeptic
Member

Kwan’s also an anti-Japanese racist. Nothing like bringing up old wounds from the old country. Count me as not a fan.

Best place on meth
Member
Best place on meth

” Kwan emphasized that border officials should never deal in “outdated stereotypes” about traditional foreign cultures. She wants immigration officials to take “cultural sensitivity training.”

Fuck off you angry, dumb cunt.

It’s prospective immigrants who need to adapt to our culture and get some fucking training before coming here, not the other way around.

The more we pander to corrupt, third world cultures where fraud is the norm, the faster this country circles the drain.

Sadly that idiot Kwan represents my riding, which will happily vote for a potted plant if it runs under the NDP banner.

YVR
Guest
YVR

“The more we pander to corrupt, third world cultures where fraud is the norm, the faster this country circles the drain.”

The Left wing parties have run out of ideas. The US Democrats and federal Liberals and NDP here. The ‘free stuff for everyone’ doesn’t work anymore. Bring in more vermin with hopes to get their vote is all they have left.

Oracle
Guest
Oracle

“The more we pander to corrupt, third world cultures where fraud is the norm, the faster this country circles the drain.”

We are already there. Those that don’t see it are the ones that will be left behind going forward. In a corrupt world, how can the law abiding person get ahead?

The next few decades in the country will be ugly.

The million more people coming here in the next 20 years will be all from asia. And we know how those countries function. I feel so bad for Canada.

Specuskeptic
Member

And that’s why Jason Kenny spent years attending various ethnic parties looking like this. https://o.aolcdn.com/images/dims3/GLOB/crop/1321×693+999+1096/resize/1200×630!/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fmidas%2Ff200fcd852e3247c7fb10ca5278513ec%2F206402850%2F08024003.jpg

So what’s this about left wing parties again? I don’t know why I bother. You seem impervious to reality.

YVR
Guest
YVR

Is there more immigration now or under the previous government?

Specuskeptic
Member

… and if you really want it spelled out for you YVR, here it is. https://www.huffingtonpost.ca/2018/05/25/jason-kenney-pulp-fiction-harper-ethnic-vote-conservatives_a_23443144/

From the article linked above. “The so-called immigrant vote strategy paid off for the Conservatives in 2011; they won a majority government after expanding their tent into ethnic communities. Kenney explained the strategy worked because he became “passionate” about proving his theory from that pub night years ago.”

You’re going to have to find some new facts to shape your preconceived notions around there angry man.

YVR
Guest
YVR

“Canadian government wants 310,000 immigrants in 2018, 340,000 a year by 2020”

The Conservative opposition, meanwhile, already has serious concerns about the targets for 2018. Chief among them is Canada’s ability to settle and integrate the new arrivals, said Conservative immigration critic Michelle Rempel, especially given the influx of people crossing the Canada-U.S. border irregularly over the winter, spring and summer.

https://globalnews.ca/news/3836805/340k-immigrants-per-year-by-2020-government-unveils-new-immigration-targets/

patriotz
Member

“especially given the influx of people crossing the Canada-U.S. border irregularly over the winter, spring and summer.”

Who are almost all of black and Middle Eastern origin, groups which the Conservatives are willing to write off and are hated by the Chinese. As I said this is typical, “get tough” on the groups whose support they don’t want and cater to the groups they do want. It also ties into the Conservatives’ strategy of attracting former BQ supporters in Quebec.

YVR
Guest
YVR

When Prime Minister Justin Trudeau used Twitter to welcome refugees to Canada last winter, it prompted a spike in inquiries from would-be refugees to Canadian embassies abroad, and resulted in confusion within the federal government

http://nationalpost.com/news/politics/trudeau-tweet-caused-influx-of-refugee-inquiries-confusion-within-government-emails-reveal

YVR
Guest
YVR

Carol James said,

“a ban on foreign ownership of homes is not being considered as part of Budget 2018 planning. British Columbians are proud to welcome thousands of newcomers each year who help strengthen our province.”

YVR
Guest
YVR

Liberals Aim To Open Floodgates To Chinese Migrants, Investment

The federal Liberal government has embarked on a campaign to attract more Chinese investors and migrants to Canada, including temporary foreign workers.

https://www.huffingtonpost.ca/2016/08/10/liberals-increase-chinese-investment-migrants_n_11434858.html

YVR
Guest
YVR

Immigration Minister Ahmed Hussen said that by 2036 100 per cent of Canada’s population growth will be as a result of immigration

Canada will welcome nearly one million immigrants over the next three years, according to the multi-year strategy tabled by the Liberal government today in what it calls “the most ambitious immigration levels in recent history.”

https://www.cbc.ca/news/politics/immigration-canada-2018-1.4371146

YVR
Guest
YVR

Conservative immigration critic Michelle Rempel was critical of the plan, suggesting the government needs to do a better job of integrating newcomers. “It is not enough for this government to table the number of people that they are bringing to this country. Frankly the Liberals need to stop using numbers of refugees, amount of money spent, feel-good tweets and photo ops for metrics of success in Canada’s immigration system.”

patriotz
Member

The Conservatives lost the 2015 election because they didn’t hold on to enough suburban seats in metro Vancouver and the GTA. That actually had more to do with a shift of voters from the NDP to the Liberals, and new voters going to the Liberals, than an actual loss of voters for the Cons. But the Cons did hold on to some seats in spite of this trend – those with the highest Chinese populations.
Our values are your values, Harper tells Chinese Canadians

Laibach
Member
Laibach

She should be sent to the space on a business trip.

Just me
Guest
Just me
“The federal email correspondence came to light in the same month that the federal NDP immigration critic, Jenny Kwan, criticized Canadian immigration officials for asking a couple “offensive and insulting” questions, which were aimed at determining if a Pakistani woman was in a bona fide marriage with her male sponsor, who had been in Canada for 13 years. It was “completely inappropriate” for immigration officials to note the female applicant for Canadian permanent resident status is three years older than her spouse, said Kwan, the MP for Vancouver East. She called on Immigration Minister Ahmed Hussen to look into what she calls a “systemic” problem with the way staff handle the popular spousal-sponsorship program. However, a detailed email from a senior official at Global Affairs, which was obtained through an access to information request, indicates that fake marriages are among… Read more »
Just me
Guest
Just me

“The widespread problem posed by fake marriages was confronted in 2013 by then-immigration minister Jason Kenney, who began a crackdown on “marriages of convenience,” which included a public video featuring real victims of marriage-migration scams. The federal Liberals continue to use videos to warn people against being abused by a marriage scheme, but the government has eased some rules for Canadian spouses sponsoring foreign nationals.”

Oracle
Guest
Oracle

It’s wide open right now. 2018 going to be a record year for marriages and divorces. Thanks to Trudeau and the Developers he’s helping.

Best place on meth
Member
Best place on meth

A Trump trade war could push China to the brink

https://www.marketwatch.com/Story/a-trump-trade-war-could-push-china-to-the-brink-2018-06-19?&siteid=yhoof2&yptr=yahoo

They are leveraged to the hilt, even pledging stocks for more loans and their stock market is being destroyed by Trump’s trade war.

Just me
Guest
Just me

Why China Can’t Fix Its Housing Bubble
The government has hatched another misguided response to sky-high prices.

https://www.bloomberg.com/view/articles/2018-06-24/why-china-can-t-fix-its-housing-bubble

“Despite reforms in recent years, there’s little question that Chinese real estate is in bubble territory. From June 2015 through the end of last year, the 100 City Price Index, published by SouFun Holdings Ltd., rose 31 percent to nearly $202 per square foot. That’s 38 percent higher than the median price per square foot in the U.S., where per-capita income is more than 700 percent higher than in China. Not surprisingly, this has put homeownership out of reach for most Chinese.”

patriotz
Member

“Not surprisingly, this has put homeownership out of reach for most Chinese.”

They’re talking as though China was a Western country. A few decades ago China didn’t have any market housing at all, and today it still represents only a fraction of the housing stock in China. Only a little over a half of Chinese are official residents of cities. Note official – many residents of cities are migrant workers who can’t buy housing or use public services in them. Also in the cities much of the stock is still Communist-era or older housing which is not on the market. I’m not claiming there’s no bubble in the market housing sector, but comparisons to the US aren’t very useful.

Laibach
Member
Laibach

And Canadians ended up as a casualties of all that craziness because someone decided to let all that shit to spillover in Canada while welcoming all that plague in.

Just me
Guest
Just me

“Underlying all this is the simple fact that China can’t allow real-estate prices to decline significantly. Politically, homeowners have come to expect their property values to rise continually in a one-way bet; reforms that threaten this dynamic have even led to rare protests. Given that household lending now makes up 22 percent of financial-institution assets, a reset in housing prices would also carry serious financial risks. ”

Just me
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Just me
“For one thing, rental yields in China are extremely low. In big cities, such as Beijing and Shanghai, yields are hovering around 1.5 percent (compared to an average of about 3 percent in the U.S. and 4 percent in Canada). Wages in China simply aren’t high enough to keep up with the credit-fueled rise in asset prices, and thus developers can’t earn a reasonable rate of return by renting out units. A tax break won’t fix that. Worse, developers are heavily weighted down with debt, much of it short-term. Many are paying out 7 to 8 percent bond yields, with debt-to-equity ratios of around 380 percent. Encouraging them to rent out their housing surplus thus drives a money-losing trade: Developers rent to consumers to make a 1.5 percent yield, while paying a combined debt-and-equity cost of capital of almost 10… Read more »
Lost...but not leased
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Lost...but not leased

Looking forward to German report on casino and money laundering.

…….I don’t doubt what is submitted and presented will be pretty shocking.

Oracle
Guest
Oracle

What are the sentences?

Who loses their licence?

What immediate policy is introduced (rather than another ‘study’ lol)?

What homes are repossessed?

Otherwise the report is a waste of taxpayers money and kicks he can further down the road.

Oracle
Guest
Oracle

The minions can then talk about it for 2 days with the ‘told you so’ while nothing gets done about it.

See the pattern??

Specuskeptic
Member

I see a pattern in your posts – panic as your over-extended RE portfolio collapses in value while your mortgage costs rise. Tell me I’m wring and throw in the “panties in a bunch” comment for good measure, fool.

Oracle
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Oracle

Dude. I don’t have a real estate portfolio. If I did, I wouldn’t be wasting my time here. Lol

I’m here to deflect your energy to the root causes of the high prices.

Minor changes seem huge to you because you’re not critically thinking. And each time a new policy passes, you’re perplexed as to why nothing has happened.

And again, zero real estate in this country. I do have overseas though.

Specuskeptic
Member

You are not critically thinking… unless you define critical thinking as typing volumes of shit hoping some of it will stick.

“Minor changes seem huge to you…” Imma stop you right there. You are projecting. I explained above why small changes, collectively, make a difference while individually, not much.

I’m not perplexed as to why nothing has happened. The tanker will take time to turn around.

You claim, zero real estate in this country. This is likely untrue. Perhaps I should play your game of burden of proof reversal – you were once fond of saying “prove me wrong” LOL.

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

Oracle is from Europe, no doubt about it.

YVR
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YVR

Yes sure. And you are from Canada.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again
Regarding Rich Coleman and that Vancouver Sun article by Michael Smyth about money laundering and how it was systemic under the BC Liberals and how it went well beyond casinos to also include real estate and fentanyl trafficking: Everyone needs to remember that throughout the BC Liberals’ 16-year reign of terror, Rich Coleman was BOTH the housing minister and the minister for gaming. So he oversaw housing policy and casino policy — the very two areas that were caught up in money laundering. I remember going to his MLA website when he was still part of the government and I remember reading how he was touting his law enforcement background. He has a long background in law enforcement before joining politics. So he can’t feign ignorance to the law. Coleman had to have known what was going on under his… Read more »
Just me
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Just me

Regardless of party distinctions (which I do not particularly care about) I do agree that Coleman should be held accountable for a decade of dirty deals, rather than have a cushy government job in Surrey.

Make Vancouver Canadian Again
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Make Vancouver Canadian Again

Surrey is too good for Coleman. Any crack head from the Whalley Strip 135A Street would make a better mayor than Coleman and would have far more integrity!

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

Living in Surrey should be punishment enough.

Oracle
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Oracle

I think living in richmon is much worse.

Make Vancouver Canadian Again
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Make Vancouver Canadian Again

Coleman doesn’t even live in Surrey. I believe he lives in Langley.

Make Vancouver Canadian Again
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Make Vancouver Canadian Again
Regarding Wai Young: I am probably not going to vote for her. I am still waiting for a candidate to come forward who is worth voting for — and if none come forward whom I like then I won’t vote at all. I was just saying that I was warming up to her, but that does not necessarily mean I will vote for her. Her support for rich homeowners is a big negative. But if she were mayor, it might lead to some entertaining politics in Vancouver. It won’t be dull that’s for sure. And if she really is as crazy as everyone says she is, she might cause so much disruption to politics in Vancouver that she may inadvertently break the log jam of politics in Vancouver and actually result in some political realignments that give voice to ordinary… Read more »
Just me
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Just me

Loved this comment by Ron Polly:

“Just wait till September . That is when China and Canada start sharing tax information to find out where a lot of people got their money from in China to buy so much property here.
China has had trillions gone missing from paying for infrastructure that was never built. China wants it back.
If they were smart they would sell now for what ever they could get and get out of Dodge .”

patriotz
Member

“That is when China and Canada start sharing tax information”

Everyone cheats on their taxes in China anyway, so I’m not sure how valuable any information we get from them might be.

Just me
Guest
Just me

More important is the information they will get from us. Hopefully detailed and rich, about the wealth of many Chinese citizens in Vancouver.

Oracle
Guest
Oracle

So now this is going to bring down the market? Yeah, just wait until this comes into effect. Lol

Haven’t you learned?

Remember shortening the amortization from 40 years to 25?
Remember not insuring homes over $1 million?
Remember B20?
Many more…

Specuskeptic
Member

You spend a lot of time on here Boracle. There’s an opportunity cost associated with that. Get out there and buy buy buy!

Oracle
Guest
Oracle

Why? And be in debt jail the rest of my life??

If you had half a brain you would realize I protest the ignorance here. Not that I’m a house pumper.

Every insignificant change you guys cheer like it’s THE game changer when critical analysis says it is not. That is what the powers that be are doing…playing you guys as pawns.

Real change would have brought house prices down 25% since Election and that includes low end.

But what do you see out there??

Specuskeptic
Member

You embody the ignorance here and add to it. This big oil tanker of a market needs time to turn. Though some cheer smaller changes as game changers, I cheer them as adding to a greater whole of moving the market in the direction it needs to go to make homes more affordable for working people. No single factor will make all the difference, but collectively, they will. That’s why the many-pronged approach is being taken by the government. The single biggest factor will be the inevitable rise in rates. When the market turns, it will reveal the truth to your motivation as a poster here – a fucking pumper posing as a bear. There’s no other explanation for the repetitive shit you post here with your menagerie of sock puppets.

Oracle
Guest
Oracle

You are such a lost puppy. Oh well. Off to the festival you go.

Slava
Member
Slava

Bingo. Insecure realtor or East Indian House Builder realizing it will be the end of the line sooner rather than later, with a sprinkling of some mental health issues.

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

Why did you change your name again?

Oracle
Guest
Oracle

Loopholes.

Details Details Details. The rest is just BS to get renters excited.

Oracle
Guest
Oracle

Such as only tax info of non-residents will be shared. Not the hundreds of thousands of PR funnelling in money to buy multiple homes.

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.

Oracle
Guest
Oracle

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

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 »
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?

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.

Oracle
Guest
Oracle

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

Hahahahaha

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.

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

““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.”

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.”

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.

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.

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

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

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?

Slava
Member
Slava

Lying is a cultural heritage in India.

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.

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.

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.

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.”

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.

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 »
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.

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.

Slava
Member
Slava

Please stop projecting.

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

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.

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?

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.

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?

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.

Slava
Member
Slava

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

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?

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.

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/

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

A flipping company for the masses.

https://www.groundfloor.us

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

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.

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.

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.

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.

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”.

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.

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

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.

Oracle
Guest
Oracle

Meoggs

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

“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.”

“Rezel says the problem lies in the Memorandum of Understanding between the city and Airbnb, a copy of which Rezel was able to acquire through a recent Freedom of Information request. The agreement stipulates the city, not Airbnb, is responsible for getting hosts to comply with the new bylaw, including acquiring business licenses.

Getting Rezel’s software to work to weed out the fakes would require Airbnb’s cooperation.”

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?