Friday Free-for-all! January 11th 2019

New Year, New Friday!

It’s the end of the week and that means it’s time for another Friday free-for-all, our open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

City of Vancouver house prices drop 10%
Housing headed for a crash?
Canadian market imploding
Two years of gains wiped out
Interest rates rise

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

558 Comments on "Friday Free-for-all! January 11th 2019"

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StupidityCheck
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StupidityCheck

Let the trolling begin! Here’s a few suggested topics:

1. Trump rules!
2. Turd sucks!
3. Chinese crime examples.

Oracle
Guest
Oracle

Shouldn’t your allegiance be to Canada if you are living here? Unless you are a ‘citizen of convenience.’

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

4. Conspiracy theories

Hyper-mega-Bull
Member
Hyper-mega-Bull

you’re trolling right now

Slava
Member
Slava

Symptom: Trump derangement syndrome infection above. Orange man, bad!

Diagnosis : Overt main stream media brain conditioning daily massage that effects many weak minded individuals, with many already prone to virtue signaling and cry bullying. Leads to mental imbalance and mental illness.

SilentBob
Guest
SilentBob
Oracle
Guest
Oracle

Canada is going to have to announce a ban on all Chinese tech companies. National security danger.

Laibach
Member
Laibach

One honest and friendly claim, must be true.

Huawei Canada says it would never spy for China.

“Canadian arm of Chinese telecom provider says it would never allow Beijing access to networks it supports”.

https://www.theglobeandmail.com/business/article-huawei-canada-president-denies-espionage-claims/

SilentBob
Guest
SilentBob

Well that’s certainly good enough for me. Issue resolved.

Best place on meth
Member
Best place on meth

Bullshit. It’s the law in china that they MUST allow it.

bullwhip29
Guest
bullwhip29

Menga Wanzhowski…

southseacompany
Member
southseacompany

“Trudeau Says Housing Reforms Mean Fewer Overextended Canadians”, Bloomberg

https://www.bloombergquint.com/business/trudeau-says-housing-reforms-mean-fewer-overextended-canadians

“Prime Minister Justin Trudeau is defending his government’s tightening of mortgage eligibility rules, saying it’s aimed at protecting homebuyers from overextending themselves.”

Doomcouver
Guest
Doomcouver

It would protect home buyers if new homebuyers actually existed anymore. The affordability crisis has already squeezed out most potential homebuyers before the new regulations came in. It’s directly causing the rental crises in Toronto / Vancouver.

southseacompany
Member
southseacompany

“Powell says Fed’s balance sheet will be ‘substantially smaller,’ indicating more tightening ahead”, CNBC

https://www.cnbc.com/2019/01/10/powell-says-balance-sheet-will-be-substantially-smaller.html

“The Federal Reserve’s balance sheet will be reduced significantly from where it is now, Chairman Jerome Powell said Thursday in remarks signaling that more monetary tightening is ahead.”

Doomcouver
Guest
Doomcouver

The debt hangover might be the biggest one globally ever in the history of credit markets. This is not hyperbole it’s literally what appears to be happening. Globalism is a sword that cuts both ways.

Shut it down already (original)
Guest
Shut it down already (original)

Starbucks will be the next US brand to warn of China trouble after Apple, Goldman Sachs says

https://www.cnbc.com/2019/01/11/goldman-starbucks-will-be-next-us-brand-to-warn-of-china-trouble.html

Doomcouver
Guest
Doomcouver

I was warning about the China bubble before it was cool. That’s right, I’m a hipster-bear.

bullwhip29
Guest
bullwhip29

Richmond realtor Morning Yu fined $18,000 for professional misconduct
https://vancouversun.com/news/local-news/richmond-realtor-morning-yu-fined-18000-for-professional-misconduct

>>> so new coast 2.0, 3.0…. still carrying on business as usual…meh

Laibach
Member
Laibach

Very strange, Chinese again?

Slava
Member
Slava

In-Morning Yu? What about Evening Yu?

Oracle
Guest
Oracle

Alias. Why the Canadian government allows multiple names for the Chinese is beyond me.

Koreans don’t do this. Why Chinese?

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

Lots of things are beyond you. Honesty, for example.

Best place on meth
Member
Best place on meth

Isn’t 18K about half of one sales commission?

Wow, that’ll teach ’em to straighten up and fly right.

She must be shitting dogs right about now.

bullwhip29
Guest
bullwhip29

Vandalism causes death of 700,000 young chum salmon at B.C. hatchery
https://bc.ctvnews.ca/vandalism-causes-death-of-700-000-young-chum-salmon-at-b-c-hatchery-1.4249712

>>> a local told me that he suspects sabotage by a competing business recently set up by chinese owners. many new seafood farming businesses (not to mention int’l schools) have popped up in recent years all around that area.

bullwhip29
Guest
bullwhip29

Don’t miss “Fly Over China” at Canada Place for a limited time
https://www.richmond-news.com/news/fly-over-china-without-leaving-lower-mainland-1.23591502

Doomcouver
Guest
Doomcouver

Does it include a virtual retaliatory arrest and imprisonment? If not I’m not going.

Best place on meth
Member
Best place on meth

This is what all commercial flights should do, just fly over.

Hyper-mega-Bull
Member
Hyper-mega-Bull
migrating a conversation from the last post to here http://vancouvercondo.info/2019/01/vancouver-sales-hit-18-year-low.html#comment-346020 >Shut It Down Already (original) >If people don’t pay taxes because no taxes are payable then I have absolutely zero problem with that. Why would you? obviously as a tax payer and user of government services i’m against bringing in people from a country who are wealthy and advantaged, use government services, enjoy the benefits of living in a safe, clean, high tax country while not contributing. it is fundamentally unfair. back to my original question: what’s your opinion on the mountain of evidence showing chinese immigrants don’t pay taxes. do you think it is in canada’s national interest to increase immigration from china? you seem to agree with that chinese immigrants don’t pay tax and it seems that you are ok with it. i have my own theory on… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

FAO Shut It Down Already (original)

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

I’d say your concept of taxation is naive at best, and I am not agreeing with what you say. I’ve no idea what gave you that idea. There are forms of taxation aside from income.

Here’s a question for you. Does somebody who runs a business and employs others but doesn’t yet draw a salary make a contribution you consider to be valuable?

Hyper-mega-Bull
Member
Hyper-mega-Bull

you have chosen not to answer my question so i won’t answer yours and i’ll tell you why you are in favour of immigration from china despite the fact that 40% are low income after 5 years because you have chosen to hide your reasons.

in my opinion, the reason is that they are the same race as you. you favour other chinese above all else.

you are a racist.

Slava
Member
Slava

However supports this Han Chinese Colonization of Metro-Vancouver, is simply racist against Canadians.

Slava
Member
Slava

*Who ever.

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

Your question is ill-posed. I’m neither for or against more or less immigration from any particular country be it China or anywhere else.

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

I see HMB scurried away after his failed fishing expedition. How unfortunate.

Oracle
Guest
Oracle

Owned again. Hahaha

SIDA wants a Chinese colony here and is doing everything to make that happen. Canadians need to be made aware of people like this and KickThemOut!

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

Stop embarrassing yourself, Oracle.

KickThemOut
Member
KickThemOut

Burnaby’s Saputo milk plant sold for $218 million, likely to be turned into condos.

No one knows who the buyer is either.

https://www.vancouverisawesome.com/2019/01/11/saputo-milk-plant-burnaby-sold-condos/

KickThemOut
Member
KickThemOut

Wanna guess the background and country of origin of this despicable sex monster?

Vancouver nightclub sex assault victim angry attacker gets two weeks
https://vancouversun.com/news/local-news/teen-victim-of-sex-assault-at-nightclub-angry-attacker-gets-two-weeks-in-custody

Hyper-mega-Bull
Member
Hyper-mega-Bull

they don’t name him so it’s impossible to say. checkout this guy though:

In apology for sex attacks, Canadian film producer Raymond Law cites harsh Hong Kong upbringing that made him feel ‘unloved’

https://www.scmp.com/news/world/united-states-canada/article/2151550/apology-sex-attacks-canadian-film-producer-raymond

Canada is for Canadians
Guest
Canada is for Canadians

As bankruptcies edge up, Poloz personally responds to Canadians’ concerns

https://ckpgtoday.ca/article/550030/bankruptcies-edge-poloz-personally-responds-canadians-concerns

“Governor Stephen Poloz said he hears just how difficult higher borrowing costs can be straight from the people feeling the pain.”

>>> are we feeling all warm and fuzzy now ?

Slava
Member
Slava

I will write Poloz a warm and fuzzy letter thanking him for raising the interest rates and to keep on raising them.

It is finally a dream come true for savers like me.

xyz
Guest
xyz

If a slight rise in rates puts you over the edge then how are these people budgeting?
The central bank has been warning about rising rates for years…

Slava
Member
Slava

Simply, they are not budgeting. They have been pretending and living above their means, all these years.

Fake it till can’t make it…lol

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

They’ll simply blame those nasty foreigners.

Slava
Member
Slava

Thursday morning, @CNN called the KUSI Newsroom asking if a reporter could give them a local view of the debate surrounding the border wall and government shutdown. After we informed them about our past reports, they declined to hear from us.

Never let facts get in the way of our false narrative.
Sincerely,
CNN
https://twitter.com/KUSINews/status/1083568597903929344

Slava
Member
Slava

IS THERE A 10-FOOT WALL OUTSIDE OBAMA’S HOUSE? WE WENT THERE TO FIND OUT
https://dailycaller.com/f260e3c2-4e84-4c6b-8166-ed7f6b151736
(but it’s daily caller, so it must be nazi and fake news and fake video…lol)

Case closed. Now back to Vancouver real estate news.

Slava
Member
Slava

My apologies, working link:
https://dailycaller.com/2019/01/04/obama-house-wall/

Stupidity Checked.

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

Great, so they proved that a wall wasn’t necessary to restrict their access. That was their point, right?

Oh.

Slava
Member
Slava

Their access like almost everybody’s was and is restricted, because of many walls, barriers and guards.
So aren’t those barriers, walls and guards immoral, as per Nancy, and Chuck? No they are not. Nancy and Chuck are mentally deranged.

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

A combination of barriers, fences, and guards you say? Sounds a bit like the current state of the southern border, no?

What point are you trying to make exactly? Just do you know – you’re failing miserably.

YVR
Guest
YVR

You don’t even understand the argument. You have been owned again.

Slava
Member
Slava

This obnoxious retard, seems to be a masochist, and keeps coming back for more:)
You cannot reason with mental illness….

Slava
Member
Slava

No it doesn’t sound like it. Walls are included on the equation as well.
You need to brush up n reading comprehension and or stop playing stupid.
How did you figure that they were granted access? You hallucinated a fantasy video instead of watching the one in the link, or are you just mentally ill?

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

Oh my word. They didn’t get access, and I never claimed they did. But there wasn’t a 30ft high wall to stop them. A 30ft high wall wasn’t needed. Are you anywhere close to understanding yet? Please say yes.

Slava
Member
Slava

Oh my word. The whole street was blocked off with concrete barriers, guards and finally a wall around the home with an integrated guard house.
So this is a wall around the home and much more. Is it immoral as per Nancy and Chuck? No it isn’t.
Are you now close to understanding that the article and video’s function at the very least, is to point out hypocrisy of those that claim walls are immoral?

AssLava
Guest
AssLava

Build that wall high and it will stop the bad guys from coming in on airplanes and stop the Chinese from shipping over fentanyl right?

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

The US taxpayers are being asked to hand over nearly $6bn just so that one self-absorbed celebrity doesn’t feel “foolish”.

Slava
Member
Slava

In any country, over thirty million undocumented Illegal aliens is a very serious matter and a border wall, $6 bn, along with other measures, is peanuts to pay, as opposed to how much the US Taxpayer is already handing over because of this status quo.

Imagine if Canada had thirty million undocumented illegal aliens? Grab a brain and snap out of your mental illness.

Or maybe China can take these thirty million illegal economic migrants?:)

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

Thank you for conceding that Mexico is not paying. That’s a start, I suppose.

patriotz
Member

“In any country, over thirty million undocumented Illegal aliens”

There is no credible estimate of anywhere near that many in the US. Also a great many illegal immigrants in the US are visa overstays, not Mexican border crossers.

http://www.pewresearch.org/fact-tank/2018/11/28/5-facts-about-illegal-immigration-in-the-u-s/

Sold2Soon
Member
Sold2Soon

Slava, watch this if you actually believe the wall will cost only $6 bln.

https://youtu.be/vU8dCYocuyI

Shut It Down Already (original)
Guest
Shut It Down Already (original)
1. It’s standard procedure for ex-presidents to retain their secret service detail when they leave office 2. A loose arrangement of concrete barrier segments, all of 2 feet high, is nothing like a 30ft high wall or even a 10ft high wall. An arthritic 80year old could climb over that. Those barriers are to stop vehicles. 3. Obama is not a country (see also 7.) 4. Obama’s security arrangements cost less than $5.7bn 5. It’s already acknowledged that the US taxpayer covers the bill for former presidents’ security. Nobody is shutting down the government to request additional funding for him. 6. The US taxpayer, not Mexico, would foot the bill for Trump’s “steel slat fence”. Your hero lied to you. Multiple times. About the construction of the wall, the statistics he tried to use to justify it, and in who… Read more »
Slava
Member
Slava

Your response shows a distinct and serious lack of reading comprehension (or playing stupid), and denial of the obvious. I am sorry for your mental illness.

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

Pathetic.

Slava
Member
Slava

Yes, you are pathetic. Your posts illustrate that well:)

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

And yet you have no counter arguments, only squirming.

Fascinating.

Slava
Member
Slava

My argument, facts btw, are in my previous posts and the piece and video from Daily Caller.
Re read them, digest them and use your second chance to show that you have attained at least some proficiency in reading comprehension and rational logic.

So far you are making a straight fool out of yourself, figuratively plugging your ears and repeating over and over, that which was previously disproved. Not an argument, but plain delusion and suspected mental illness.

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

Hilarious. Your counter argument is restating your opener? I’d love to see which of the points I stated above you believe to have been disproved. Feel free to provide said proof. No pressure.

Slava
Member
Slava

Once you have attained basic proficiency in reading comprehension, a new world will be opened for you.
Good luck!

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

Again no substance, no proof provided. Yet still you feel compelled to reply. Refute my points or concede them. Or continue to be a dick. I don’t care which.

Best place on meth
Member
Best place on meth

Slava, you do realize this cunt will have the last word no matter what.

Do you have the stomach to go on forever?

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

If you spew shit expect to be corrected. And ridiculed.

ted
Guest
ted

You clearly delusional. You can dance around the topic all you want but why are you against the US defending its border? You seem to be bent out of shape for $5 billion, do you know what illegal immigration costs the US? No you don’t , the wall pays for itself.

YVR
Guest
YVR

He is not against defending the US border, he is against anything Trump is for. Like the democrats, the media and anyone else with TDS they must 100% oppose anything Trump does. SIDA is even against creating manufacturing jobs which tells how sick he is.

Make Trudeau a Drama Teacher Again!
Guest
Make Trudeau a Drama Teacher Again!
Spare a thought today for poor Chip Wilson. The Lululemon founder’s waterfront mansion lost nearly $6-million in value last year. It’s now worth just a little over $73-million, according to the latest B.C. property assessment figures.
But it’s not just the mega-rich witnessing a drop in the estimated worth of their homes. It’s a phenomenon occurring in the detached home market throughout Greater Vancouver. It’s happening in Toronto, too, where sales in 2018 fell off a cliff.
It’s not even just Canada. Some of the most expensive markets in the world, including Hong Kong and London, have seen recent declines. Singapore is in the grips of a slowdown as well; Australia, too. The great global housing slump is on, and how deep and devastating it becomes remains to be seen – but the concern is very real.
The International Monetary Fund recently issued… Read more »
paulb
Member
Active Member

New
118
Price Change
38
Sold
20
TI:10034

http://www.clivestevepaul.com

Slava
Member
Slava

Rapid listing accumulation in early January?

Bag it and tag it
Member
Bag it and tag it

I think we’ll hit 13K by the end of Feb and 16K end of May.

Best place on meth
Member
Best place on meth

16K by the end of April.

Oracle
Guest
Oracle

Hopefully.

Keep the pressure on MLAs and Mps by writing to them. Say prices way too high and they were elected to fix housing.

That will keep them from relaxing mortgage rules.

Laibach
Member
Laibach

The next major milestone would be a single-digit number for sold?

Canada is for Canadians
Guest
Canada is for Canadians

People are waking up to the real estate crash. I work with a guy who went all in about two years ago with an investment property and he’s really worried. He said to me “I thought prices would keep going up” .

Slava
Member
Slava

Those like him who profit from this Han Chinese colonization are part of the problem, and they will be taught a lesson, and it cannot be more deserved…

Best place on meth
Member
Best place on meth

I can’t believe this market is getting even worse.

That may be the lowest January sales number since the 1890’s.

Oracle
Guest
Oracle

We need a quick price crash.

Not a slow drawn out process. Then demand slowly builds with population increase.

Need a black swan immigration event.

Specuskeptic
Member

In 2008, MOI didn’t cross above the 15 month threshold until October. Extrapolating the current increase, we may have a 15+ MOI bu July this year. Yes, I do realise that extrapolating is a dodgy thing to do as far as predicting the future is concerned. This is a lesson the bulls may soon receive wisdom from as well…

Laibach
Member
Laibach

I would agree with this statement except for the locust segment of the market which is quite irrelevant for the regular citizens and taxpayers.

Home prices in Metro Vancouver remain ‘resilient’.

https://dailyhive.com/vancouver/royal-lepage-metro-vancouver-housing-report-january-2019

Best place on meth
Member
Best place on meth

“According to the report, the aggregate home price in the region reached $1,274,831 in the fourth quarter of 2018 — up 2.1% in the same period in 2017.”

I have no idea where they’re getting these prices from.

Laibach
Member
Laibach

Is shit about to hit the fan?

Senior Huawei Canada executive to leave company as scrutiny mounts

https://globalnews.ca/news/4839500/huawei-canada-scott-bradley-departs/

Bubble
Guest
Bubble

Rumours have it that he was called to visit Shengzhen, Huawei’s headquarter, fearing that he may not return to Canada.

Ultra Bear
Guest
Ultra Bear

He would have disappeared and his kidneys would have been harvested.

Oracle
Guest
Oracle

Fuck Huawei and the other spying Chinese tech companies. Time to bury them.

YVR
Guest
YVR

Samsung unveils the first racist and immoral TV. It is named “The Wall”.

https://globalnews.ca/news/4835082/samsung-the-wall/

kabloona
Member
kabloona

“The Australian Dream Died Alone in an Apartment”

https://ca.finance.yahoo.com/news/australian-dream-died-alone-apartment-000024322.html

“….Of course, a crash in property prices is arguably what this costly market needs — but with an oversupply of apartments, record-low interest rates, and Australia’s big four banks reluctant to lend aggressively in the run-up to a government inquiry into their business practices, the traditional brakes preventing a crash have worn out. We’re getting perilously close to the point where this housing correction turns disorderly. Fasten your seat belts.”

kabloona
Member
kabloona

“Surrey real-estate lawyer sentenced to eight months of house arrest for tax evasion”

https://www.thestar.com/vancouver/2019/01/11/surrey-real-estate-lawyer-sentenced-to-eight-months-of-house-arrest-for-tax-evasion.html

“VANCOUVER—A Surrey lawyer has been sentenced to eight months of house arrest for tax evasion for not reporting $1.28 million of taxable income related to real-estate transactions, according to the Canada Revenue Agency.

Baldev Singh Ghag was sentenced on Jan. 10 after he pled guilty to one count of tax evasion. CRA says Ghag failed to report $1.28 million he earned for legal services for real-estate transactions between 2005 and 2008. He must also pay a fine of $418,865….”

Oracle
Guest
Oracle

If he was Chinese, a blank stare would have got him off.

DaMann
Member
DaMann

So his fine is essentially the taxes he owed on it. Hmm yah there is a deterrent. No wonder people don’t pay their taxes. The punishment if you get caught is weak. So he has house arrest or 8 months, big deal. He could still work from home!

patriotz
Member

“So his fine is essentially the taxes he owed on it.”

He still has to pay the back taxes. The fine imposed upon conviction for tax evasion doesn’t affect that. Two separate liabilities.

DaMann
Member
DaMann

ahh ok, thanks!

Oracle
Guest
Oracle

But does he lose his lawyer licence? If not, does this send a signal to other re lawyers to continue with business as usual?

bullwhip29
Guest
bullwhip29
southseacompany
Member
southseacompany

‘Don’t panic! It’s the housing correction we needed to have”, Sydney Morning Herald
https://www.smh.com.au/national/don-t-panic-it-s-the-housing-correction-we-needed-to-have-20190111-p50qub.html

“A modest and much-needed price corrective is finally bringing some calm into a two decade-long investor frenzy in Australia’s major cities. The sustained combination of loose lending practices, low interest rates, unlimited negative gearing and capital gains tax discount on sale had created unprecedented local demand for investment properties.”

“Added interest from global elites and a burgeoning Chinese middle class was producing in effect an infinite demand for Australian property. No amount of new supply could meet that demand, though this is still lost on those states trying to build their way out of unaffordability.”

southseacompany
Member
southseacompany
“Global real estate hot spots hit hard by market shift”, Globe & Mail https://www.theglobeandmail.com/business/article-global-real-estate-hot-spots-hit-hard-by-market-shift/ “The cooling trend encompasses a host of specific, local factors such as Brexit, U.S. tax changes and new barriers to foreign investment. Primarily, though, it rests on two broad factors: increasingly unaffordable prices and rising interest rates. Both are likely to be a drag on real estate markets for the foreseeable future and spell the end of a decade of glorious returns for investors and homeowners.” “The trend does not bode well for a country such as Canada, where homeowners have piled on unprecedented amounts of debt to buy into the national real estate boom. Canadian homeowners and investors should brace themselves for a future in which real estate is a riskier, less rewarding investment than it has been over the past decade. It’s a scenario… Read more »
Oracle
Guest
Oracle

So NDP isn’t even mentioning public inquiry in the middle of a critical byelection campaign. Wow.

Won’t happen.

When NDP loses power, they wouldn’t want the new government charging and prosecuting them.

Nothing done on low end housing under a million. Sales can go to zero but if prices not drastically affected, what’s the point?