Sort by:   newest | oldest | most voted
Best place on meth
Member
Best place on meth

WEAR POLL???!!!

Laibach
Member
Laibach

Possibly there weren’t any sales hence why bother posting?

Best place on meth
Member
Best place on meth
The Chinese middle class is again taking substantial risks to move their money out of China. As a result, Chinese investors are blowing up foreign real estate markets while risking getting ripped off at the same time. https://www.zerohedge.com/news/2018-11-05/chinas-middle-class-again-desperate-move-its-money-out-country The South China Morning Post recently highlighted one such example, profiling several Chinese citizens who purchased property in Australia to safeguard their wealth, only to see the well-known Australia-based property agent suddenly shutter its doors in August, leaving behind about $50 million in missing deposits and failed settlements. This kind of “unexpected” event is just one example of the risks that Chinese mainlanders face while trying to protect themselves by moving assets overseas, especially in light of Beijing’s strict capital controls on outbound capital. Many Chinese citizens even seek out citizenship or visas in nearby friendly foreign countries to diversify away from… Read more »
Canada is for Canadians
Guest
Canada is for Canadians

What a country where their own citizens cannot trust their own government or their own financial system. But instead of trying to make it better at home, they run away like rats off of a sinking ship and then ruin it somewhere else for everyone else too. Mainlanders are the total vermin of the earth with their lying, cheating, and stealing.

Doomcouver
Guest
Doomcouver

Their poor investment decisions will come back to bite them when they find out the rental yields are absolute garbage, and when the foreign demand inevitably dries up the locals won’t be paying these high prices.

Oracle
Guest
Oracle

Lol. Please stop.

Doomcouver
Guest
Doomcouver

You first.

Oracle
Guest
Oracle

Lol

Bag it and tag it
Member
Bag it and tag it

If I was them, I’d do the same thing. The blame lies with the politicians in their destination countries for welcoming their money with open arms regardless of the damage it’s doing.

Laibach
Member
Laibach

Right, their lack of sense of others lives and spaces is just stunning. Either in the city, street, bus, gym, swimming pool, traffic, wherever. Acting and behaving like entitled parasites with that weird prepotent expression on the face probably expecting the rest of us to be delighted and honored by their presence and actions. However more annoying and frustrating are their local enablers at all levels who are immensely benefiting of their shitshow while the entire community and society go down to the shitter.

Oracle
Guest
Oracle

Quit fighting for Canada. It is lost. Worry about yourselves.

Selective Memory
Guest
Selective Memory

I have heard, second-hand but from a reliable source, that many wealthy Chinese are understandably alarmed by Xi’s tightening grip on power, and responding by trying to move more assets out of the country. One sign of success might be a Bitcoin surge, but I haven’t noticed that yet.

Oracle
Guest
Oracle

Trump era is over.

Republican lost the House.

Let’s see if the Dema and Reps make deals to make the rich even richer in the USA. Dems won’t let the stock market crash. Not reverse the tax cuts.

Oracle
Guest
Oracle

Wonder if Weaver is drinking every night now that his days in power are numbered.

Surely by now he must realize the NDP wants PR to fail. The NDP base isn’t even motivated after all the lies. Meanwhile, got call from developer friend asking me to fill out application for FPTP.

Only 23 days left….

Then Election. No way the NDP MLAs were going to sacrifice the equity in their investment homes.

bullwhip29
Guest
bullwhip29
Canada is for Canadians
Guest
Canada is for Canadians

yet more chinese crooks …

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

I assume you didn’t read the article?

Best place on meth
Member
Best place on meth

“BCSC’s notice of hearing names six additional people – Chun Ying “Jim” Pan, Chung-Sheng “Johnson” Kao, George Lay, Gagan Deep Bachra, Chi Kay “Dixon” Wong and Meng Cher “Philip” Tsai – who were appointed by Lim and Low as directors of related companies in the FS insurance group that also sold the unsecured loans.”

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

Darrell Wayne Wiebe must be an anglicized name, amiright?

Best place on meth
Member
Best place on meth

Your social credit score just went up another point.

Soon you’ll qualify for a free 10 km ride share on wechat.

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

Nice distraction.

bullwhip29
Guest
bullwhip29
Canada is for Canadians
Guest
Canada is for Canadians

and more chinese crooks …

Stand up for Canada
Guest
Stand up for Canada

Money money money. That’s their God. Let’s see who can buy the nicest card and biggest homes and lets stress and sue each other. We just need more money so we can show face. What a disgusting culture.

bullwhip29
Guest
bullwhip29
Laibach
Member
Laibach

So cute…

Canada is for Canadians
Guest
Canada is for Canadians

Trudeau set to issue apology for 1939 refusal of ship of Jewish refugees

https://www.citynews1130.com/2018/11/07/trudeau-set-to-issue-apology-for-1939-refusal-of-ship-of-jewish-refugees/

yet another apology for something that happened before he was born from this political grandstander…

Hyper-mega-Bull
Member
Hyper-mega-Bull

canada’s refusal to help them resulted in many dying in nazi concentration camps.

FUCKING NAZI CONCENTRATION CAMPS.

and you’re criticizing trudeau for expressing regret over that.

i think our national drama teacher has set you ppl up to look callous and ignorant and you fell for it.

Bag it and tag it
Member
Bag it and tag it

…and no one on that ship still alive. It’s one thing to acknowledge errors of the past, but don’t apologize in such cases.

Doomcouver
Guest
Doomcouver

That’s actually incorrect, some of the survivors are still alive and are in the House of Commons today for the official apology. I personally think these apologies are meaningless however. Unless you can get Zombie William Lyon Mackenzie King to rise from the grave and give the apology. That’d be kinda cool……

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

The survivors obviously thought it had meaning. Why wouldn’t that be enough for you?

Laibach
Member
Laibach

It is time for a new cabinet (department) within the government, the Ministry of apologies and compensations. They would be easily the most productive department in the house.

Canada is for Canadians
Guest
Canada is for Canadians

They can apologize for all the apologies they need to make because of our ancestor’s “bad” behaviour…

Best place on meth
Member
Best place on meth

I wan’t an apology for the horrific Immigrant Investor Program that inflicted so much pain and suffering on the people of Canada.

Selective Memory
Guest
Selective Memory

1939 was such a long time ago. Don’t Nazis deserve another chance?

bullwhip29
Guest
bullwhip29

Zoo visitors in China pelted a one-tonne crocodile with rocks until it bled just to see whether it was real or not
https://www.mirror.co.uk/news/world-news/crocodile-left-bleeding-after-zoo-13541420

Oracle
Guest
Oracle

The naive locals have no idea on what values they’re importing.

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

Every event which is extreme enough to make international headlines MUST be representative of over a billion people, right? Right?

Hyper-mega-Bull
Member
Hyper-mega-Bull

there’s no shortage of fucked up shit making local headlines here.

Bag it and tag it
Member
Bag it and tag it

well, I’ve seen video of 2 other China zoo rock throwing incidents, and the telling part is the reaction of bystanders, who acted like the rock throwers were doing nothing wrong and didn’t care or were amused.

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

Way to miss the point, bozo.

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

As Hong Kong’s property market turns south, homeowners in the New Territories are feeling the pinch more than others, as flat prices in the area have fallen faster and as much as 16 per cent since August
https://www.scmp.com/business/article/2171941/new-territories-home-prices-surged-most-hong-kongs-property-boom-are

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

As I sit pool side in Mexico the last 10 posts have brought a smile to my face.

Who can I thank for the trip? Well my landlord of course! He’s renting me his multi-million dollar westside house for a fraction of the cost to buy. I have 2.5 yrs left on my 5 year lease. I’d say I could have a similar house today for $500 less per month than I signed for. I’d also say the house has dropped over $1 mil since I started renting it.

Owning real estate in Vancouver doesn’t define me. Having an enjoyable life with my family does.

Laibach
Member
Laibach

Nice, enjoy!

ps. I bet Oracle would disagree with you.

Doomcouver
Guest
Doomcouver

Oracle will still be trumpeting his bull case even if Vancouver property crashes 80% off current value. Some people never learn.

Oracle
Guest
Oracle

Has it crashed 80%? Or even 30%?

And don’t give me examples of high end homes.

Show me a detached that went from $1.2 to say 900K.

italiano
Guest
italiano

3360 Parker st. assessed 1,174,000, sold 830,000

Stand up for Canada
Guest
Stand up for Canada
Or 3280 e Georgia Assessed 1.266m Sold 775k (39% below) Or 95 e 42nd ave Assessed 1.925 Sold 1.34 (30% below) Only thing selling above assessments are new builds from previous years assessment or extensive Reno’s. Media is not reporting much else because there’s not much to report. There are no sales right now so it’s hard to price your home. This is way scarier than for example being invested in stocks as there is movement everyday so you at least know how much your stocks are worth. I have no idea how much my house is worth. Things that are selling on average sell 10-20% below assessed on east side for detached. It is inevitable that this will trickle down to the condo market and the last of the dumb money. And the OP is probably invested in a… Read more »
Canada is for Canadians
Guest
Canada is for Canadians

But Oracle still won’t stop slinging the bs.

Oracle
Guest
Oracle

Why is it inevitable that it will trickle down??

DaMann
Member
DaMann

Haha. Nice rebuttal and nice stat. That’s what I like to see!

Oracle
Guest
Oracle

So all properties are selling at 30% below assessment?

Righttttt!

The outliers are cash payments.

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

What makes you think there are so many SELLERS willing to commit fraud?

Dave
Member

Ya, too low to make sense. Likely some funny business. Maybe the vendor did a loan to the buyer off-title so they could get mortgage approval.

Dave
Member

Could be some kind of casino laundering deal too. Or a marry my “cousin” for citizenship deal. Or maybe some kind of brothel arrangements.

Lots of creative deals to be had in Vancouver.

Canada is for Canadians
Guest
Canada is for Canadians

I think there was sexual favours involved.

Oracle
Guest
Oracle

20% on one property cherry picked?

Dave
Member

Wow. Lot values are starting to crumble. The lot value in this area is now $775 to $800k. It was $1M about a year ago, so that’s probably a 20% drop.

I’m surprised by that amount of downside already because the stats aren’t showing it and I wouldn’t have predicted lots to fall this far this fast. This would have been my bottom call and you know it’s going down further.

patriotz
Member

” Lot values are starting to crumble.”

Lot values are essentially a futures market for finished houses because builders will only pay a price for a lot value property that they think enables them to sell the finished house at a profit.

Oracle
Guest
Oracle

Let’s see what your kids say in 20 years. When they won’t be able to afford rent/lease.

Canada is for Canadians
Guest
Canada is for Canadians

Rents are dropping too.

Oracle
Guest
Oracle

You are going to be in for a surprise when you have to move.

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

You’re giving your landlord $6K a year more than necessary but he’s paying for your vacation? Sure, if you say so.

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

I was waiting for my spitting mad Sino Apologist to chime in.

I am paying a rent that I am very comfortable paying. $6k a year wouldn’t come close to covering the repairs he has had to make.

I’m paying a fraction of the cost of ownership so YES he is paying for my vacation.

Thanks for your concern though…

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

You’re lucky to have a landlord who shares details of their mortgage and other expenses with you.

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

I’ll bite, you angry little child.

He doesn’t, but I know what taxes and upkeep are.

Whether he paid cash or not, there is a cost of capital and opportunity cost on the capital.

I know that my rent barely covers, taxes, insurance and maintaince. And based on your ‘buy vs rent calc’ this is not a very good deal.

This is the last I will respond to this topic. Unlike you, I have a life and am happy to pay the rent I do to live in the house I do. You glib trolling comments are laughable.

So in your second language:

Fuck off.

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

I figured your argument would boil down to opportunity cost. How disappointing.

I do hope they spend that $6K on something nice. It sounds like they deserve it.

Canada is for Canadians
Guest
Canada is for Canadians

Vancouver expects $30 million in first year of empty homes tax

https://www.citynews1130.com/2018/11/07/vancouver-expects-30-million-in-first-year-of-empty-homes-tax/

“Owners who don’t declare that status will be taxed, which amounts to one per cent of a property’s assessed value, and owners who miss the due date by even a day will also face a $250 penalty.”

I find it astounding that some people would rather pay this “tax” than rent out their property.
It just goes to show how drunk some people are with real estate and what incompetant business people they are.

Oracle
Guest
Oracle

That’s only 1500 or so $2 million houses. There are probably that many families here with assets over $100 million. I don’t think they are going to care.

Doomcouver
Guest
Doomcouver

More like they’ll ignore it for a decade or longer, until they go to sell and find there’s a massive lien on the property because they weren’t paying their empty homes tax.

Oracle
Guest
Oracle

Lol

Madashell
Guest
Madashell

Mainland Chinese thinks once the home is rented out, it is no longer “New” and will not get a good price when time to sell.

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

More like it’s actually used for 4-5 months of the year but the owners think that they can’t rent it out due to the recent changes to fixed term leases.

Canada is for Canadians
Guest
Canada is for Canadians

Used for 4-5 months? Where are the owners the rest of the year? China perhaps?

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

Does it matter where they are? I don’t recall seeing anything in the legislation about that.

Canada is for Canadians
Guest
Canada is for Canadians

I just wouldn’t want to make an assumption so I thought I’d ask.

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

You think you’re smart.

Oracle
Guest
Oracle

10 year visa holders. Millions have that visa.

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

Well you would know wouldn’t you?

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

What a way to spend your vacation.

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

I find enganging a half-wit like you fun. I’m pool side, spending a few minutues a day on this forum is fun me. Its 12:20 am here so just going to bed but I’ll touch base with you soon.

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

While you’re there will you be telling the locals how you really feel about them?

http://vancouvercondo.info/2018/06/fanciest-empty-homes-around.html#comment-334405

Doomcouver
Guest
Doomcouver

If I believed in the fairy tale that yearly double digit percentage appreciation on an illiquid non-productive asset was sustainable, I’d probably buy 10 and leave them all empty.

paulb
Member

2 days…

New
380
Price Change
185
Sold
187
TI:13396

http://www.clivestevepaul.com

Screwed
Guest
Screwed

Sales up, inventory down.

SilentBob
Guest
SilentBob

People who can afford to are presumably pulling listings in hopes of a spring rebound. Time will tell.

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

Zolo showed a bit of a bump in prices, so I think some were taking advantage of market weakness. Time will tell if that was a wise move or not.

rockerguy
Member
rockerguy

Here’s a cool new chart: The ratio of average daily listings in each month, divided by the average daily listings for January of the same year: https://goo.gl/Y5YRhb

One of these years is not like the others….

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

Luxury condo developers and others aiming at the high-end consumer market have a new target on their radar: “Henry” – an acronym for young adults who are “high earners, not rich yet,”
https://www.vancouverisawesome.com/2018/11/08/henry-target-luxury-condo-builders-vancouver/

Oracle
Guest
Oracle

As of Yesterday, only 1.4% of PR ballots returned.

It’s going to fail.

Election coming. The Greens and NDP purposely screwed it up. Why not have a 1 day vote unless you want it to fail.

No wonder they didn’t do anything on housing.

bullwhip29
Guest
bullwhip29

Fans of pop star Ariana Grande accuse Vancouver raised pop star Kris Wu of gaming iTunes rankings
https://www.washingtonpost.com/world/2018/11/08/fans-pop-star-ariana-grande-accuse-chinese-star-gaming-itunes-rankings

bullwhip29
Guest
bullwhip29

Vast Chinese Meddling Abroad Exposed in Report by Canadian Policy Institute
https://www.theepochtimes.com/canadian-think-tank-exposes-vast-chinese-meddling-abroad_2710967.html

Best place on meth
Member
Best place on meth

“Confucius Institutes, overseen by China’s Ministry of Education, are a Trojan horse and visible manifestation of influence on campuses. As demonstrated by “In the Name of Confucius,” a one-hour documentary made in Canada, these organizations are vehicles for espionage, censorship, and curriculum manipulation.
That is why the University of British Columbia has thrice rejected a Confucius Institute on campus. ”

Yes, but UBC still accepts thousands of spies posing as students.

bullwhip29
Guest
bullwhip29
Shut It Down Already (original)
Guest
Shut It Down Already (original)

How would you say the scale of this compares to Hanford?

Hyper-mega-Bull
Member
Hyper-mega-Bull
bullwhip29
Guest
bullwhip29

The Chinese state-run news network unveiled two “AI synthesized anchors” yesterday. They’re based on real people, but their faces and voices are computer-generated — allowing them to say and do things that their real models never did
https://www.abacusnews.com/digital-life/chinese-state-media-has-tv-news-anchors-can-broadcast-24/7-computer-generated-faces/article/2172298

>>> more like “allowing them to say and do things that their real models never” wanted to…

Laibach
Member
Laibach

Not much difference though. So many of supposedly real people look and act like the humanoid robots so difference won’t be noticeable. Remember at open houses and condo presales, didn’t they all look like some weird robots going door to door and scooping whatever is available.

YVR
Guest
YVR

CNN has been doing this for years. The CNN anchors and reporters are all controlled from Hillary Clinton’s basement.

Best place on meth
Member
Best place on meth

I don’t see how anyone will be able to tell a real china man from a robotic one.

Actually the robotic ones will probably have more personality.

Oracle
Guest
Oracle

The Diwali celebration in the Fraser Valley were out of this world last night. Hundreds of thousands of people celebrating.

I’m now convinced that the entire Fraser Valley will within 1 decade be majority Indian. In 2 decades? Forgetaboutit! There will be 1 million Indians here by then.

Megamansions on ALR? You haven’t seen anything yet.

I’m preparing for the upcoming new world. There are pros and cons but I nowbsee it as inevitable.

Oracle
Guest
Oracle

And huge push coming for having a Diwali stat holiday just like Easter. Let’s do it!

Hyper-mega-Bull
Member
Hyper-mega-Bull
yes it’s true that indians make large mansions on ALR, but this wasn’t an issue until chinese started building HOTEL sized mansions and renting out every single room as a hotel. they even have shuttle bus service. they even operate as illegal nightclubs, casinos, where customers are kidnapped, beaten up and extorted. look at this timeline. for over a year police knew this house was being used for illegal activity but did nothing. has corruption reached the point where police are accepting bribes? In April 2016, RCMP say they got a tip that someone was being held hostage at the address. A search of the sprawling home revealed 15 people gambling, gaming tables, casino chips, playing cards, a money counter and an elaborate video surveillance system, according to the civil action. A year later, RCMP were called again when a… Read more »
Laibach
Member
Laibach

Fucks even got the address tailored to fit their lunacy, 8880 Sidaway Road.

Canada is for Canadians
Guest
Canada is for Canadians

US mortgage rates jump to highest level in nearly 8 years

https://www.citynews1130.com/2018/11/08/us-mortgage-rates-jump-to-highest-level-in-nearly-8-years/

“The yield on the 10-year reached 3.23 per cent Thursday, up nearly a full percentage point from 2.33 per cent a year ago.”

Ultra Bear
Guest
Ultra Bear

Quick question: Could rents be also in a bubble? Is there somewhere a graph comparing wages, population growth ( Metro Van) and the average/median rent over time?

Laibach
Member
Laibach

Oracle is going to explain it all about rents shortly, please be patient. He knows exactly why they are so high and what will happen next.

Oracle
Guest
Oracle

I’m sure you don’t know why. You’ve been wrong here for 10 years.

Canada is for Canadians
Guest
Canada is for Canadians

You have been wronger about more things than anybody else here.

patriotz
Member

” Could rents be also in a bubble? ”

Rents cannot be in a bubble because they always reflect real time supply and demand. In a bubble prices are inflated by speculative demand, i.e. people buying because they expect to sell later at a profit.

Selective Memory
Guest
Selective Memory

You could argue that there’s been some speculative activity — people renting an apartment with the intention of subletting for more, e.g. on Air BnB. Hard to see that being a very large part of the rental market, though, especially with new restrictions on home-sharing platforms.

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

There’s also FOMO. People could overpay (or accept a lower quality of housing at the same price) because they anticipate prices will be higher in the future.

Doomcouver
Guest
Doomcouver

I think the rental speculator is a pretty rare occurrence. That said, rent bubbles do exist. The most likely cause of popping a rental bubble is a collapse in local incomes. If home prices collapse however, rents may be buoyed by an increased demand for rent as a hedge against buying. It’s my feeling these two factors may cancel each other out in Vancouver and will lead to mostly sideways movement in rents rather than a collapse. It’s just one opinion though.

SilentBob
Guest
SilentBob

That’s specious reasoning. By your logic the stock market can never be in a bubble because stock prices represent real time supply and demand.

patriotz
Member

“By your logic the stock market can never be in a bubble because stock prices represent real time supply and demand.”

Read what I said again. A bubble exists when the price of something is inflated because people intend to sell it later at a higher price. Anything that can be resold in the future can be in a bubble.

Oracle
Guest
Oracle
If current trends continue, then rents are not in a bubble. Rents have spiked not so much because of permanent immigration but because of so called temporary immigration (that’s really Permanent). This type of immigration includes foreign students, their 10 year visa families, Supervisa grandparents/parents, and Temp foreign workers. Let’s take a look at these. 1) Foreign Students: there are 135,000 of them in BC with majority in metro Vancouver. This number started spiking in 2014/2015. 2) 10 Yr Visa holders are coming in droves. There have been 3 million issued in the last 3 years since its inception. At this rate, we should have 10 million visa holders within 7 years. And it’s renewable. This segment includes HAM and parents of foreign students. 3) Supervisa parents and grandparents. Ever since the government reduced the permanent immigration stream for these… Read more »
Laibach
Member
Laibach

Was I wrong? I said you will elaborate all the rent matter shortly. Who knows it if not you?

paulb
Member

New
153
Price Change
91
Sold
81
TI:13373

http://www.clivestevepaul.com

Bubble
Guest
Bubble

West Side land fire sale:
4491 W 6TH AVENUE, Vancouver Point Grey

$2,760,000 Sold Oct 27, 2018
Assessed $3,311,000

Best place on meth
Member
Best place on meth

Horgan-Wilkinson debate on PR coming up at 7 pm on Global.

I predict the LibCred leader’s main taking points will be

1. It’s too complicated and confusing, people won’t understand it (so let’s just forget about it so we can get back into power soon)

2. Extremists will get power. Dear god, Nazis will take over!

3. NDP stacked the deck to pass this horrible idea that will ruin our democracy.

If anyone is interested in playing a drinking game during the debate, take a shot every time Wilkie uses the word “confusing”, “extremists”, or “democracy”. Bonus shot for “neo-nazis”.

You should be properly hammered 8 minutes in or less.

Specuskeptic
Member

My money’s on “fringe” to deliver a fuck-ton of drinks.