Friday Free-for-all! January 25th 2019

It’s the end of another work week and that means it’s time for another Friday free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

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

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[…] –Mortgage stress test for private lenders?–How to launder money in real estate?–What happens in LA–Losing $60 million on Canada Goose–Mortgage growth drops to multi-year low– […]

Best place on meth

So much for the polls, they are notoriously useless in predicting bye-elections.

Greens are getting decimated which does not bode well for them in the next BC election.

paulb

New
219
Price Change
69
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TI:11393

http://www.clivestevepaul.com

Shit It Down Already(original)

Hi everybody….
Out on a day pass..so far so good.

Hoping to be next Nanaimo MLA and hold the balance of power.
(BTW f*ck Plecas )

Any special requests ?

bullwhip29

Elections BC clears up confusion on who can vote in Nanaimo byelection
https://vancouverisland.ctvnews.ca/elections-bc-clears-up-confusion-on-who-can-vote-in-nanaimo-byelection-1.4275854

>>> what is this BS? aren’t eligible voters simply mailed a voter card that tells you where the nearest polling station is?

patriotz

“aren’t eligible voters simply mailed a voter card ”

Yes. The problem, according to the article, is that the Nanaimo provincial riding doesn’t cover the whole city, and some people don’t seem to understand this. Probably compounding the confusion is that the municipal election, in which everyone in the city could vote of course, was held very recently.

bullwhip29
Laibach

How cute! What’s the pig’s name, Kovrig or Spavor?

Hyper-mega-Bull

white ppl r hilarious

Best place on meth

I just burned out my retinas.

bullwhip29
Laibach

How exciting, hard to decide what is prettier?

“But whereas the Chinese buyer came in prior (to the Year of the Pig) and bought a place to live and potentially bought a few investment properties, maybe this year and next year they come in and look for somewhere where they want to live.”

bullwhip29

As house prices slide, Kenney urges elimination of mortgage stress for Albertans
https://calgaryherald.com/business/real-estate/weak-demand-over-supply-will-drive-down-home-prices-in-2019-creb

joe

Second Apple Employee Accused of Stealing Apple Car Details

https://www.macrumors.com/2019/01/30/apple-employee-apple-car-secrets-theft/

Simple Solution

I am SHOCKED….

No pattern to see her at all though….

Laibach

This is the racist pamphlet that deliberately confusing the word “stealing” with Chinese term “research & development”. We notice such confusions being quite frequent lately. Why is that?

Best place on meth

Why on earth do tech companies allow ANY chinese within 500 metres of their front doors?

They should know better.

Oracle

Best result for housing might actually be a Liberal win tonite.

It will hold the NDP accountable to do what they were elected to do. They desert their vote base at their own peril.

SilentBob

I’m not sure how many people from Nanaimo frequent this board, friend. If your intent is to try and sway voters, you might consider taking your shilling to a more appropriate forum.

Shut It Down Already (original)

He’s been so focused on the by-election he didn’t even notice that the parent/grandparent sponsorship program reached capacity in under 10 minutes of opening.

Wow just wow.

Oracle

What 21,000 applications at 4-8 parents and grandparents on both spouse sides. That’s like 84,000- 168,000 per year. That’s how Trudeau intends to increase immigration to 500,000 per year.

Keep cheering. Public healthcare is going to be finished. Yes WOWowow.

Laibach

Canada always cordially welcomed all kinds of leaches and vermins that will eventually suck the host dry.

Oracle

Cynical are we? This board couldn’t sway anything. That was a legitimate question.

Bag it and tag it

Best result of housing, for those like you that want prices to go up, yes.

Oracle

Another fail.

Still haven’t figured it out have you?

bullwhip29

I’m not suggesting the Libs are the answer, but the NDP certainly have not given voters much to chew on. Some could even say what we got wound up to simply be more of the same only in a different color. In light of the delayed and deliberately timed release of the spending report (to hit the Libs right before the by-election), I am not so sure things really are any different in Victoria. With regard to those speculation tax notices that were apparently supposed to be mailed out by end of 3rd week of Jan, now I hear the NDP backtracked again and pushed the distribution out until the end of Feb (while completion of registration is still slated for end of March) so as to not upset anyone at this key time.

Big Bear

Everyone, meet “Allen”.

He has two full houses that are being airbnb’d. He’s violating almost every bylaw regarding STRs.

https://www.airbnb.ca/rooms/27900730
https://www.airbnb.ca/rooms/29875200

Laibach

Fucks inflated and bought all available houses that were meant for local families to live in to run their shoddy businesses. Our society, if still exists, must do something with those anomalies. Whatever they do it creates a problem all around (laundering, stashing, birth-tourism, drugs, social services, frauds, lies, forging..). Regardless it is our government’s fault by letting them swarm here like flies over shit?

bullwhip29
Dave

Free salt with that?

Best place on meth

You need to cut back on the salt jokes Dave, those things can raise your blood pressure.

bullwhip29

Construction halts on $1-billion mixed-use complex in downtown L.A.
https://www.latimes.com/business/la-fi-oceanwide-plaza-stalled-20190125-story.html

Dave

This is the difference between Canada and the US:

Federal agents have inquired about Oceanwide and other downtown development projects with foreign investors as they seek evidence of possible crimes including bribery, extortion, money laundering and kickbacks that could involve L.A. city officials and development executives.

Bubble

CBC: Quebec immigration scandal: Golden Visa. (the investigation is 10 years too late)”
https://youtu.be/kFZSkSBnFBY

paulb

New
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http://www.clivestevepaul.com

Dave

Apple earnings this afternoon provide some insight into the Chinese economy. iPhone sales in the quarter were $13.17B, down from $17.96B the year before.

I think those numbers have more to do with the state of their economy than people buying Huawei phones.

If you are a stock trader, I think bad news is good news in the sense that if the Chinese economy is really hurting, then they are more likely to make a trade deal with Trump. The consequence of that is continued global growth. That has a positive impact on Vancouver real estate as the next recession will likely get kicked down the road a number of years.

Hyper-mega-Bull

yes, china is ‘more likely’ to make a deal but that doesn’t mean they are likely.

the fact that they refused to behave even after trump spared ZTE tells me that china needs a lot of reeducation before they’ll be able understand the reality of their situation.

Dave

When you don’t have Democracy, the only way to vote the party in power out is through revolution. An economic downturn increases internal instability. The ChiComs don’t want that. They need wealth and growth.

They’ll do a deal.

Hyper-mega-Bull

if they do a deal they’ll immediately cheat on it and then trump will continue to turn the screws and china’s economy will slow down more.

if china trades fairly there will be a economic cost to stopping ip theft, obeying the WTO and implementing reciprocal trade. obviously it’s less than a full blown trade war.

but who’s to say that even the lower cost of trading fairly isn’t too much for chicoms to bear?

Best place on meth

China wont do a deal because they would have to stop cheating which they are incapable of doing. Cheating is like breathing to them, they can’t stop.

Trump knows them and he’s stringing them along.

No deal and tariffs rocket higher in 30 days.

Shut It Down Already (original)

You probably think walking away from the longest government shutdown in history empty-handed was part of some genius strategy, too.

StupidityCheck

Yep, he is the master negotiator and an Uber-successful businessman! Lol.

BPOM can only see facts when they conveniently align with his right-wing worldview.

Canada is for Canadians

Trumps new handle: Cave Man

Best place on meth

Your gloating is premature, once again.

You probably thought with 100% certainty that he wouldn’t get Kavanaugh confirmed.

Just sit back, watch, and refrain from commenting. You’re always wrong.

Shut It Down Already (original)

I’ll take this as a “yes”, then?

Shut it down already (original)

I’ma about to shut down shit down about the shut down.

Funds run out feb 15. It’s not over.

Shut It Down Already (original)

It’s not over, you’re right. He just didn’t want to miss a chance to make a big song and dance on TV next week. He’s a showman, not a politician.

It was also a genius strategy to wait until losing the midterms before trying to deliver on his number one campaign promise. That’s if you ignore all the other promises he conveniently dropped, I suppose. No wonder he’s so unpopular.

YVR

It must suck to hate someone who wins so much. Polls are meaningless, but I guess that is all you got. Trump has the same popularity in polls Reagan had at this time of his first term. Reagan went on to win by the biggest landslide in modern presidential history for a second term. Trump has kept more campaign promises than any president in modern history. He also did better in the midterms than any other president in modern presidential history. Can’t wait for the SOTU. That old bag of shoe leather Pelosi might not make it through.

Shut It Down Already (original)

If polls are so meaningless why does the man himself cite them when he thinks they’re in his favour?

Reagan’s popularity descended to this level over his first two years. Trump’s has been this low since the second week. There’s really no comparison. But then polls are apparently meaningless so why would you even bother?

Shut It Down Already (original)

Oh, and GWB did better in the 2002 midterms.

YVR

False. In the 2002 midterms the GWB Republicans were at 51 to 49. Trumps Republicans won 53 Republican seats with the Democrats holding 45 and there are 2 independents. The greatest in modern history.

Shut It Down Already (original)

LOL. Bush didn’t lose the house and he picked up the same number of Senate seats as Trump just did.

YVR

He likes trolling the fake news and people like you with TDS.

Laibach

If they make a deal that should be bullish for Vancouver RE, so here we go again?

Simple Solution

Van RE is dead…. heading back to reality. NOt heading back to previous insanity…

bullwhip29

if it becomes more clear that the ndp are done, a small fire will be lit under this market. that could come as early as tomorrow. as has been discussed, the feds are also tossing around ideas of how to stoke the lower end of the market for first timers. my understanding is that the Jing Li class action suit is also headed all the way to the supreme court

Dave

I think it’s likely the NDP are still with us for at least a year. If they lose tomorrow, I think they’ll win a majority this Spring. If they win tomorrow, and decide not to have an election, it means they’re holding on until at least Spring 2020. I think that would be stupid on their part because they’re at the mercy of the Greens who are cornered and will act out to sabotage the NDP. The smartest thing the NDP could do right now is turf the Greens. With a quick election, a lot of Green voters will go NDP because a lot of them are feeling dejected after the Referendum loss. If you don’t think you can win a majority government under present conditions, then when would you expect to win? Plecas probably won’t get recalled so that’s… Read more »

Simple Solution

Hope dies last….

you guys are dreaming

Dave

I don’t think we are going to return to insanity, but a soft landing is now a more likely outcome.

Shut It Down Already (original)

A soft landing by definition is no decrease in prices at all, a plateau if you will. We’re well beyond that.

Simple Solution

“soft landing”??? You must be joking. Have you looked at what prices are doing?

bullwhip29

i think there could be more going on here than meets the eye. the trump admin has got their dirty fingers all over this market. he has the power to literally guide it wherever he wants with a single tweet now. frankly any and all corporate news (among other things) has to be taken with a grain of salt now too. there is so much BS and other shenanigans that go on unchecked that should give the average person a reason to take a step back and not get involved. when apple warned a number of weeks ago, it triggered a vicious sell off that took the S&P down by exactly 20.01% as Dec 24 of all days, which likely activated all sorts of stop losses in the process. then you get trump declaring a market bottom and an epic… Read more »

KickThemOut
Hyper-mega-Bull

your post reminds me of this article i read. it was years ago but i still can’t get it out of my head: Newly disclosed confidential government documents suggest that the Cultural Revolution plumbed previously unreported depths of savagery. The documents, prepared by local government offices in the 1980’s, two decades after the events they describe, seem to offer a meticulous record of how Red Guards and Communist officials in one province not only tortured their victims to death but also ate their flesh. “These are the most gruesome and shocking revelations to date on the Cultural Revolution,” said Robin Munro, an Asia Watch specialist on China and one of the few people who have examined the documents. “This evidence reveals horrors from the Cultural Revolution that rival in character if not in scope the worst excesses of the Khmer… Read more »

Hyper-mega-Bull

i posted a link that’s in moderation. but if you google “cultural revolution cannibalism” you’ll find some disturbing reading. just another example of the evils of communism.

Best place on meth

Aah, finally a civilized way to enjoy a soothing dip in some delightfully warm water.

Meanwhile, in the rest of china https://lh4.ggpht.com/-TnjfsmiFrPY/UCPcrm–SgI/AAAAAAAAbno/6tBssi12PZs/china-crowded-pool-1%25255B7%25255D.jpg?imgmax=800

MAKE TRUDEAU A DRAMA TEACHER AGAIN!

The last line is hilarious!

Huawei Technologies Co. Ltd. CFO Meng Wanzhou was in BC Supreme Court Tuesday (January 29) to alter conditions of her bail and set new court dates following a 13-count indictment from the U.S. Department of Justice.
Meng’s lawyer David Martin applied to alter her sureties, who contributed to Meng’s $10 million bail. It was noted one surety wanted to be released while another, Robert Cheng, required more cash to compensate for the old surety but also because of a decline in property value to Cheng’s home.

DaMann

That’s hilarious. Even one of the sureties is thinking she is going to bolt. and pretty funny about the drop in RE value. Everything seems to be secured by paper gains and not actual money!

Canada is for Canadians

Just extradite that piece of trash already.

YVR

“It was noted one surety wanted to be released while another, Robert Cheng, required more cash to compensate for the old surety but also because of a decline in property value to Cheng’s home.”

LOL you would thing the daughter of a multi billionaire could come up with bail on her own. At least if she planned on keeping her bail conditions.

patriotz

“LOL you would thing the daughter of a multi billionaire could come up with bail on her own. ”

In fact the judge would not accept bail from Meng or her husband alone, but insisted on sureties from others with Canadian residency. This was widely reported at the time.

https://vancouversun.com/news/local-news/bail-hearing-continues-today-for-huawei-executive-meng-wanzhou

bullwhip29

Teresa Wat to replace John McCallum as Canada’s Ambassador to China
https://www.richmond-news.com/news/tensions-escalate-between-china-and-canada-after-huawei-boss-arrest-1.23524448

>>> just kidding…or maybe I am not.

bullwhip29
Hyper-mega-Bull

as things in china deteriorate look for china to start a war to distract it’s people and the world.

only question is, who will they attack?

SilentBob

Considering that they tend to be extremely cowardly and will only engage those they think they can beat for fear of losing face, maybe Tibet?

Canada is for Canadians

Taiwan ?

SilentBob

I’m doubtful they could beat Taiwan, all things considered.

Best place on meth

They’re going have to take their shot at Taiwan soon or the window will close on them.

bullies gonna bully

I think we are beyond the point where they can target someone external without suffering a great cost. I think they will look within.

During the cultural revolution they liked to target school teachers, professors, anyone who wore glasses.

Later it was peacefully protesting university students and monks.

Most recently Christians and Uyghurs, winnie the pooh and pepa pig.

Who’s next? My money’s on overweight school children.

patriotz

“anyone who wore glasses.”

I think you are confusing China’s Red Guards with Cambodia’s Khmer Rouges. Plenty of the Red Guards wore glasses as did Mao’s wife herself. But the KR were inspired by Mao.

Big Bear

Address?: https://www.airbnb.ca/rooms/31212290

Seems illegal to me.

bullwhip29

1010 W. 57th Ave, Vanc

Canada is for Canadians
Big Bear

Done.

Laibach

““Criminals and bad actors can be certain that they will not get away with criminal activity,” acting Attorney-General Matthew Whitaker said at a Washington press conference announcing the charges. “Those who do business in the United States can also be certain the Department of Justice will protect them from criminals, no matter how powerful or influential they are.”

Mr. Whitaker also said he was “deeply grateful” to the Canadian government for arresting Ms. Meng on behalf of the United States last month. Ms. Meng is out on bail in Vancouver. On Monday, Ottawa said it had received a formal extradition request.”

https://www.theglobeandmail.com/world/us-politics/article-us-alleges-meng-wanzhou-part-of-10-year-conspiracy-by-huawei-to/

Best place on meth

Huawei is finally being treated like the criminal enterprise that it is.

Now that the extradition papers have been file, the ringleader Meng needs to be thrown in jail until she’s turned over to US authorities.

Laibach

For starters Huawei should adopt the new company’s slogan. Promoted by the western establishment while epitomizing local virtues – “lying, cheating and stealing.”

https://www.theglobeandmail.com/politics/article-canada-can-expect-more-chinese-wrath-as-us-takes-broad-aim-at-huawei/

Best place on meth

“Chinese leaders are probably going to be angrier at Canada now that it’s clear that U.S. prosecutors are taking broad aim at Huawei for allegedly breaking laws, cheating business associates and engaging in industrial espionage – or, as U.S. Commerce Secretary Wilbur Ross put it at Monday’s press conference, “lying, cheating and stealing.”

Make that the motto of the entire country.

USA: “In god we trust”

PRC: “In lying, cheating and stealing we trust”

StupidityCheck

“the Department of Justice will protect them from criminals, no matter how powerful or influential they are.”

LOL. Bad news for the resident Trump trolls.

bullwhip29

CBC The Fifth Estate
Ghost Immigrants: Paying for Canadian citizenship
https://www.youtube.com/watch?v=ERMtBEgk9ls

Big Bear

Thanks for sharing.

bullwhip29

CBC News
Golden visas: Are wealthy foreigners taking advantage of Quebec’s immigration program?
https://www.youtube.com/watch?v=kFZSkSBnFBY

Canada is for Canadians

“Are wealthy foreigners taking advantage… ”

a rhetorical question ….

Doomcouver

They definitely won’t be sending any Hauwei executives to the USA or to extradition treaty countries anytime soon.

Stand up for Canada

This is great news. Regardless of the outcome rich Chinese will now be afraid to immigrate to Canada. Sure we may have the legit Chinese middle class folks who want to make a life for themselves here which is fine but the wealthy Chinese cheaters will think twice and now will likely think about pulling out. Look for a massive increase in listings come spring or before.

patriotz

“Regardless of the outcome rich Chinese will now be afraid to immigrate to Canada.”

Yeah right. How about waking us up when rich Chinese stop immigrating to or visiting the US itself. The great majority of wealthy Chinese have nothing to do with the kind of international hijinks that Huawei has been up to.