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!

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bullwhip29
bullwhip29
1 year ago
bullwhip29
bullwhip29
1 year ago

Massive 19-acre property in Richmond back on market for $16.8 million
https://www.vancourier.com/real-estate/sprawling-resort-style-estate-relisted-for-16-78-million-photos-1.23611428

“…this resort-style home…comprises a stunning West Coast Modern house sitting on more than 19 acres of prime Richmond farmland…”

The 2019 B.C. Assessment roll pegs the property’s value at just $2,700,829, but with a caveat that this is farmland value, as the home is within the Agricultural Land Reserve

bullwhip29
bullwhip29
1 year ago

China’s illegal ‘white monkey’ foreign models paid to bare skin and be gawked at as marketing prop
https://www.scmp.com/lifestyle/fashion-beauty/article/2183105/chinas-illegal-white-monkey-foreign-models-paid-bare-skin

bullwhip29
bullwhip29
1 year ago
bullwhip29
bullwhip29
1 year ago

China on Thursday said it has detained a Chinese-Australian writer for allegedly “endangering China’s national security,” a vague charge frequently leveled at critics of the ruling Communist Party
https://www.newstimes.com/news/crime/article/Australia-urges-China-to-treat-detained-writer-13557226.php

bullwhip29
bullwhip29
1 year ago
Simple Solution
Simple Solution
1 year ago
Reply to  bullwhip29

shocking

Canada is for Canadians
Canada is for Canadians
1 year ago
Reply to  bullwhip29

I see this in the Burnaby Costco to where chineeze buy entire shopping carts full of various vitamins, baby formula and other stuff to ship to china and resell. They should be banned from Costco.

Slava
Slava
1 year ago

The locusts pollute their country, hence they need to look for and hoard everyday items from others.

Can obviously observable and repetitive actions, show and prove inferiority?

bullwhip29
bullwhip29
1 year ago

Asian lifestyle, household goods stores have big Canadian expansion plans
https://globalnews.ca/news/4883881/asian-lifestyle-stores-canada-oomomo-muji-miniso/

bullwhip29
bullwhip29
1 year ago

Rennie “Intelligence” Team forecasts 1.1 million population rise in Lower Mainland by 2041, requiring 500,000 new housing units
https://www.straight.com/news/1191291/report-forecasts-11-million-population-rise-lower-mainland-2041-requiring-500000-new

Simple Solution
Simple Solution
1 year ago
Reply to  bullwhip29

well if an independent non biased genius like Rennie says so…..

Canada is for Canadians
Canada is for Canadians
1 year ago

Rennie can’t even pay his parking tickets ….

bullwhip29
bullwhip29
1 year ago
Laibach
Laibach
1 year ago

Regardless that everyone already know it, liberal leader Andrew Wilkinson again confirmed what a looser clown he is.

B.C. Liberal Leader Andrew Wilkinson looks foolish in wake of legislature spending scandal

https://www.straight.com/news/1191201/bc-liberal-leader-andrew-wilkinson-looks-foolish-wake-legislature-spending-scandal

Best place on meth
Best place on meth
1 year ago
Reply to  Laibach

“It’s worth noting that the federal Liberal candidate in Burnaby South, Richard T. Lee, was deputy speaker of the B.C. legislature from 2015 until he was defeated in 2017.

This means there could be blowback against him, too, when supporters of the other candidates are knocking on doors in the riding.”

Turd picks another sleazy loser to run against Jag, but again, he’s chinese so you know who will vote for him regardless.

Laibach
Laibach
1 year ago

Most likely those are by far the best candidates (la crème de la crème) that Liberal party could come up with.

Dave
1 year ago
Reply to  Laibach

Somehow the NDP linked my email address with living in Burnaby and now I’m on their email list. And then Gmail starts giving me ads about unionizing.

How is that legal? I didn’t ask to be on their list.

paulb
paulb
1 year ago

New
256
Price Change
47
Sold
65
TI:10956

http://www.clivestevepaul.com

Make Trudeau a Drama Teacher Again!
Make Trudeau a Drama Teacher Again!
1 year ago
Reply to  paulb

Great to see such a robust listing market.

Make Trudeau a Drama Teacher Again!
Make Trudeau a Drama Teacher Again!
1 year ago

From the trenches:

A South Surrey spec home builder is a friend of a co-worker of mine and he announced he is going back to substitue teaching.

No joke.

Laibach
Laibach
1 year ago

Good luck to those students that he is going to teach, they will need it.

Simple Solution
Simple Solution
1 year ago
Reply to  Laibach

Perhaps he can give the students some first hand knowledge on speculative bubbles….

Make Trudeau a Drama Teacher Again!
Make Trudeau a Drama Teacher Again!
1 year ago

From the trenches:

A girl I know listed her home in East Vancouver for $2.3. It has been on the market 10 days. No offers, she is pulling it off until the spring ‘when prices will be better’

I am not sure this is a good strategy. I wounder how many others are waiting to spring to list?

Best place on meth
Best place on meth
1 year ago

Good for her, she can relist at 200K less in the spring and then spend the rest of the year chasing prices down as she refuses to sell for “less than it’s worth”.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago

You’d have told her to sell in 2006.

Simple Solution
Simple Solution
1 year ago

Realestate is a good investment if it cash flows positive OR you intend to live in it. If she is selling to buy another home what difference does the price make?

Slava
Slava
1 year ago

Exactly. What a brain-less comment from the self-hater SIDA, where now the facts on the ground continuously disprove its argument, and its existence…lol

I can’t imagine what a sad life that must be.

bullwhip29
bullwhip29
1 year ago

she should start with a 500k haircut and work from there

Laibach
Laibach
1 year ago

Of course, no brainer.

Scheer says he would fire McCallum for Huawei comments

https://www.ctvnews.ca/politics/scheer-says-he-would-fire-mccallum-for-huawei-comments-1.4266050

Laibach
Laibach
1 year ago
Reply to  Laibach

Just mindboggling how notably stupid people arrive on those critical positions like envoy or even minister or president. This drunken schmuck shot Canada in both feet with one hit, thinking he is doing some “diplomacy” while sucking up to the Chinese press.

Kelly McParland: Just as China is hanging itself, along comes John McCallum

https://nationalpost.com/opinion/kelly-mcparland-just-as-china-is-hanging-itself-along-comes-mccallum

Bull! Bull! Bull!
Bull! Bull! Bull!
1 year ago
Reply to  Laibach

He is a professor and was a minister under two PM.

If he’s notably stupid what are you?

He’s doing what Liberals do best. He’s lying. This time to the Chinese.

Bag it and tag it
Bag it and tag it
1 year ago
Reply to  Laibach

McCallum is such shit-stain traitor. Good for Scheer to say that, though I recently became a member of the new PPC, and will be votin for them to send a message even if that means sacrificing the next election result…it will pay off for the following election.

southseacompany
southseacompany
1 year ago

“Liberals have options to help millennials buy homes; would be a vote winner, too”, Vancouver Sun

https://vancouversun.com/pmn/news-pmn/canada-news-pmn/liberals-have-options-to-help-millennials-buy-homes-would-be-a-vote-winner-too/wcm/af03401a-caf2-4e1b-a057-ff1f9216852c

Smells like inflationary “help to buy”is coming.

DaMann
DaMann
1 year ago

They would be just that stupid too wouldn’t they? Interest free loans? Free down payments? God, just leave the market be and let it crash down. Lower prices are the ONLY thing to help people buy homes, that’s it. Anything else just throws fuel on the fire. Morons!

Bag it and tag it
Bag it and tag it
1 year ago

Millennials are dumb enough to fall for it and boomers and smart enough to realize it will inflate the value of the retirement home equity nest egg.
Politicians just can’t seem to sit back and allow affordability to improve by simply allowing prices to continue to drop.

Royce McC
Royce McC
1 year ago

Yeah, this is definitely more about existing owners than it is about the Millennials. A record % of Canadians “own” right now. The politicians don’t want to alienate them. This is a signal to them that their “hard earned equity” (read: policy-driven on-paper wealth) is safe.

Given how gutless politicians seems to be, I’m actually hopeful this will mostly be lip service. They’ll look busy doing something, even if it’s putting a band-aid on the breached hull of the Titanic.

YVR
YVR
1 year ago

“Millennials are dumb enough to fall for it ”

Coming from the genius who voted in Trudeau and his crew of misfits.

Hyper-mega-Bull
Hyper-mega-Bull
1 year ago

IT’S OFFICIAL CHINA COLLAPSE IS ON. FULL BORE.

Pork in China Is Now Selling for Less Than Cost Price

https://www.caixinglobal.com/2019-01-23/pork-in-china-is-now-selling-for-less-than-cost-price-101373294.html

price declines in such an important commodity tell us china is slowing down very fast.

Dave
1 year ago

It doesn’t suggest that at all. The article told you that supply was increased because farmers were forced to slaughter early because of swine fever. In the short run that causes excess supply and low prices but in the medium run, the opposite is likely to happen. If you want to make the case it reflects an economic downturn, then look at the prices of other goods.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  Dave

We all know that the more pigs you breed the more pork buyers magically appear.

KickThemOut
KickThemOut
1 year ago
Doomcouver
Doomcouver
1 year ago
Reply to  KickThemOut

If he can legitimately get her out of extradition he should. I’d like to see her extradited to the US too but everyone deserves an adequate defense in our court system.

Canada is for Canadians
Canada is for Canadians
1 year ago
Reply to  Laibach

These types of judicial decisions are why people don’t have any respect for the courts.

“The judge found that the police were too quick to rely on the detection dog’s “ambiguous behaviour” as supplementing the grounds to arrest the accused and to search the vehicle.”

The dog reacts to the presence of drugs by “sitting down” and so the police have reason to suspect there are drugs in the vehicle, but the judge says the dog’s actions were “ambiguous”. So should the dog do a pirouette and stand on his nose or something? Based on all the observed actions, the cops were well within reason to search this guys car. And good on the police to find that hiding place that was almost overlooked.

Hyper-mega-Bull
Hyper-mega-Bull
1 year ago
Reply to  KickThemOut

i assume he is trying to entice the chinese to trust the process by giving them hope of winning to calm the situation for now and see how things play out later. the process will take years.

it’s better to deal with the fallout when the decision is made (if there is any) rather than deal with it for years before the decision and then deal with it again after the decision.

Simple Solution
Simple Solution
1 year ago
Doomcouver
Doomcouver
1 year ago

You can feel the momentum starting to build towards the collapse. Thanks to the debt and speculative factors in our market, price drops will continue to create more price drops. Builders and investors can see the writing on the wall and are starting to recoil in abject fear.

Simple Solution
Simple Solution
1 year ago

Just listed 5028 Pine Crescent…. Nice big lot
Asking: $2,980,000
2018 Assessment $3,405,000
2017 Assessment $4,009,000

Canada is for Canadians
Canada is for Canadians
1 year ago

Canada’s ambassador to China says Huawei’s CFO has a strong case to avoid extradition

https://www.citynews1130.com/2019/01/23/canada-ambassador-china-huaweis-cfo/

>>> it sounds like Canada is preparing the way to cave into china and release meng meng …

SilentBob
SilentBob
1 year ago

Sounds like he’s scared shitless that he’ll be next to occupy a small room with 24 hour lighting.

Laibach
Laibach
1 year ago

Was he drunk or just took a side in this case?

Hyper-mega-Bull
Hyper-mega-Bull
1 year ago

so far everything he has said and done was good. i have to assume this is some sort of manipulation tactic because it breaks the established pattern in such an extreme and odd way.

maybe they are telling chinese this: “let our ppl go, make your case in court (you have a good chance of winning!!!) and accept the result.”

but we all know they have no chance of winning.

Screwed
Screwed
1 year ago

https://www.theglobeandmail.com/world/article-australian-novelist-and-political-commentator-disappears-in-china/
An Australian novelist and political commentator has disappeared in China, raising alarm that Beijing is using harsh methods against other Canadian intelligence allies as it seeks the release of a Huawei executive arrested in Vancouver.

Ultra Bear
Ultra Bear
1 year ago

Princess Meng might have a secret passport given only to China’s elite. If she bails, the Americans are going to be enraged at us like never before.

https://www.thestar.com/vancouver/2019/01/22/huawei-cfo-meng-wanzhous-secret-passport.html

How could CSIS could have dropped the ball that bad? Fellow travellers in the intelligence community?

Doomcouver
Doomcouver
1 year ago
Reply to  Ultra Bear

She’d have to get the GPS tracker off first or they’d know she’s going to the airport.

Best place on meth
Best place on meth
1 year ago
Reply to  Doomcouver

She could hop on a chopper on any helipad and get whisked away to a chinese ship in international waters.

Big Bear
Big Bear
1 year ago
Reply to  Doomcouver

She could go for a stroll along Boundary Bay right next to the little airport 😉 .

Big Bear
Big Bear
1 year ago

I ratted this a-hole several times and he’s still on it. Am I missing something?: https://www.airbnb.ca/rooms/27900730

southseacompany
southseacompany
1 year ago

“With Quantitative Tightening, Asset Price Deflation Has Arrived. Time To Sell?”, Forbes

https://www.forbes.com/sites/adamstrauss/2019/01/22/with-quantitative-tightening-asset-price-deflation-has-arrived-time-to-sell/#122212ff69d0

“Behind these asset price declines, higher interest rates and recent reductions in the size of the Federal Reserve’s balance sheet are reducing liquidity and increasing a flight to cash. Given the high level of leverage of consumers, corporations, and governments, the financial system has become addicted to the Federal Reserve providing excessive liquidity; with the reverse now occurring, bad things are starting to happen in the financial markets.”