Happy New Year! The Real Estate Market in 2019

It’s the beginning of a whole new year and that means it’s time for expert predictions about the Real Estate market in 2019:

From the Professor:

“My guess is 2019 will not be a banner year for sales in Greater Vancouver and I expect further price declines,” said Tom Davidoff, an associate professor at UBC’s Sauder School of Business.

From the Accountant:

Historically, the real estate industry has been a “laggard” when it comes to embracing technology, says Frank Magliocco, a partner at PwC Canada who specializes in the housing market.

“But I think what you’re going to see now is a fairly significant ramp up in embracing that technology once it becomes more mainstream,” he said.

“It’ll be increasingly important to remain and be competitive in the marketplace. Once you see these technologies prove out, you’ll see more and more adoption.”

On Quantative Tightening:

When it comes to reversing their crisis-era bond buying, central bankers are focused on the destination. Traders in risk assets care more about what could be a painful journey.

The tension may prove even more consequential in 2019 now that the European Central Bank is stopping — though not yet unwinding — asset purchases. Bank of America Corp. analysts say liquidity from the developed world’s four major central banks will contract by $200 billion next year, driving volatility in the riskier markets that thrived under quantitative easing.

From the Real Estate Salespeople:

Even though British Columbia is expected to lead the country’s year-over-year decline in home sales in 2019, the provincial average resale price will rise slightly, according to a national real estate forecast published December 17.

The average sale price of a B.C. home sold on the Multiple Listing Service next year will be $720,000 – a rise of 0.9 per cent over 2018’s figure, predicted the Canadian Real Estate Association (CREA).

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[…] If you were hoping 2019 would kick off with a booming real estate market… well, it’s not going so well. […]

bullwhip29
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bullwhip29
bullwhip29
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bullwhip29
southseacompany
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southseacompany

“Metro Vancouver housing sales hit nearly 20 year low”, Global news video

https://globalnews.ca/news/4818696/metro-vancouver-housing-sales-hit-nearly-20-year-low/

“Housing numbers released this week have confirmed the predictions of some economists and industry experts: Metro Vancouver’s once red-hot market has cooled down substantially — with total sales plummeting to the lowest rate in the region in 18 years.”

southseacompany
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southseacompany

“Plummeting house prices has buyers backing out”, Breakfast Television Toronto

https://www.bttoronto.ca/videos/plummeting-house-prices-has-buyers-backing-out/

“Plunging house prices in the GTA has opened the door to unscrupulous moves by some buyers as one Oshawa couple found out”

Doomcouver
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Doomcouver

This is what the start of a rush to the exits looks like. The marginal buyers always back out first at the first sign of trouble. Wait for the spring market, then the self-feeding deflation monster should really get going.

Canada is for Canadians
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Canada is for Canadians

And yet Realtors would have us believe everything is a-ok.

southseacompany
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southseacompany

“Dumb — Australian housing market example for the world”, Digital Journal

http://www.digitaljournal.com/business/op-ed-dumb-australian-housing-market-example-for-the-world/article/540029#ixzz5brkOrgYH

“The Australian housing market, like so many lop-sided economic holidays for the upper end of the market, started with cheap money. Housing prices boomed, loans were easy to get, including the now infamous “no attempt to conduct proper lending practices” starting in the US and now copied worldwide.

“Rental prices also went to absurd levels, far above the original baseline, to pay for these extremely expensive mortgages. (Sounding like a good idea so far? It wasn’t.) This is how the national house of cards got built.

southseacompany
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southseacompany

“It’s Not Just Toronto And Vancouver: A Synchronized Global Housing Downturn Is Here”, Huffington Post

https://www.huffingtonpost.ca/2019/01/05/global-housing-downturn_a_23634322/

“Housing markets around the world are moving in unison more so than ever before.”

Oracle
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Oracle
Here is a summary on what has transpired over the last 4 years in Metro Vancouver. Again, my opinion but think about it. This latest madness all started when trudeau massively increased foreign students and ten year visa holders. The demand for rental space went through the roof. The demand for short term rentals went through the roof. This caused rents to spike. The spike in rents was a blessing for countless condo owners who rent them out. Especially in the suburbs. There was no need to sell and rents were pushed higher. This set off FOMO and everyone started buying. Further and further out. The prices in the valley are still near record highs for strata. Detached still rising way out in Chilliwack. This massive increase in rents and prices on sub $800,000 can be reversed by simply capping… Read more »
StupidityCheck
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StupidityCheck

Don’t think so. Thanks to HAM, the high-end got out-of-reach, so the locals had to fight over the scraps — rentals and condos.

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

“Had to”?

StupidityCheck
Guest
StupidityCheck

Yep. Gotta live somewhere! Unless you’re smart enough to move!

Big Bear
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Big Bear

Just leave and move to Calgary then…

Oracle
Guest
Oracle

Who’s Big Bear?

Doomcouver is that you? And your other moniker ‘screwed’.

Doomcouver
Member
Doomcouver

Not me. I’d never wish Oracle on the people of Calgary.

Specuskeptic
Member

Boracle: You don’t get to call out others on sock-puppets. I have neither the time nor the crayons to explain to you why. Hypocrite.

kabloona
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kabloona

From Bloomberg: “Toronto, Vancouver Housing Sales Plummet to Decade-Lows in 2018”

By Natalie Wong and Erik Hertzberg – January 4, 2019, 2:00 AM PST

https://www.bloomberg.com/news/articles/2019-01-04/toronto-vancouver-housing-sales-plummet-to-decade-lows-in-2018?cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter&utm_content=business&utm_campaign=socialflow-organic

“…..Sales in the Toronto region fell 16 percent to 77,426 transactions in 2018 while the average price fell 4.3 percent to C$787,300 ($583,400), the Toronto Real Estate Board reported Friday. That’s the worst year for sales in Canada’s biggest city since 2008. In Vancouver, full-year sales fell 32 percent to 24,619, the lowest since 2000 and 25 percent below the 10-year average.”

Bubble
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Bubble

In Van West, there are 228 houses listed between $2 million and $4 million. And 305 houses listed over $4 million.
NDP’s “school tax” will affect all of them.

There were 33 sales in December, 2018 on Van West.

Best place on meth
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Best place on meth
StupidityCheck
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StupidityCheck

Alt-Right conspiracy blog. No wonder you’re so misinformed.
https://mediabiasfactcheck.com/zero-hedge/

Best place on meth
Member
Best place on meth

So the Saretsky piece is a conspiracy theory?

Oracle
Guest
Oracle

So the people posting up sales and assessments.

Are you really going to buy something that costs a million dollars with money saved up from working ?

I’m thinking max $800,000 with 50% down and a suite. That’s my limit.

So why focus on homes we can never afford.

Best place on meth
Member
Best place on meth

The point is that the million dollar place will soon be 800K.

Oracle
Guest
Oracle

Let’s hope so. I’m getting tired of this waiting. NDP needs to give a stronger push.

Canada is for Canadians
Guest
Canada is for Canadians

Then you should speak for yourself only.

Oracle
Guest
Oracle

You’re right. My bad.

I’m just looking for sub million properties. Never gonna be able to afford the $8 million house that drops to $6 million. A 25% cut.

Maybe that’s why our opinions differ.

Doomcouver
Member
Doomcouver

I wouldn’t even consider a 25% cut on detached housing a meaningful correction, more like a breather. 25% cut is roughly 2015 prices. A 50% cut however is about 2006 prices in inflation adjusted terms, that’s what a real correction would look like.

Best place on meth
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Best place on meth

Enough about HAM, now over to east Van where the locals live:

334 41ST AVE E….assessed 1.399…listed 1.399…sold 1.260…10% below assessed

6521 ARGYLE ST….1.699…1.699…1.558…7% below

2841 14TH AVE E…1.219…1.288…1.080…11% below

833 KEEFER ST….1.644, 1.599…1.500…9% below

1178 28TH AVE E….1.372…1.250….1.162…15% below

2254 24TH AVE E…1.204…1.059….1.045….13% below

YVR
Guest
YVR

6521 ARGYLE ST….1.699…1.699…1.558…7% below

This one was a partially built 4 plex that was sold as is. In 2016 the house (that was torn down) sold for $1,750,000. Not a good return after a lot of work for someone.

YVR
Guest
YVR

Sorry wrong house. It wasn’t sold in 2016 for $1,750,000 but still some lost their shirt.

YVR
Guest
YVR

6521 ARGYLE ST was sold in 2016 for $1,750,000 (just sold $1.58)

833 KEEFER ST was the partially built 4 plex which was assessed at $1,525,000 in 2017 before they tore down the old house and started construction on the 4 plex and now just sold for $1,500,000 with a partially built 4 plex.

Best place on meth
Member
Best place on meth

Now that 2018 assessments are out, we can get a more accurate picture of recent price activity. No more comparing today’s sales against 18 month old values.

3320 27 AVE W, assessed 3.041… listed 2.998… sold 2.720…10% below assessed

1238 37TH AVE W… 8.317… 6.880…5.550…33% below (HAM fire sale?)

4783 MARGUERITE ST….4.088…3.680…3.100…24% below

3946 30TH AVE W…3.931..3.998…3.550..10% below

4885 NARVAEZ DR…5.663…4.500…4.520…20% below

Doomcouver
Member
Doomcouver

Wow blood is running in the streets on detached sales. I’ll be shocked if we’re not seeing the broader collapse start in the next 6-12 months. There’s a pile of 500 dead canaries in the coal mine. Any half-intelligent housing speculator that isn’t completely blinded by greed should be soiling themselves right now. Sell now or be priced in forever.

YVR
Guest
YVR

1238 37TH AVE W… 8.317… 6.880…5.550…33% below (HAM fire sale?)

This house as assessed at $8,927,000 in 2017. Close to 40% off peak. It was listed for $6,488,000 in 2013 and sold in 54 days.

On the flip side the condo I live in was assessed at $1.3M in 2017 and now at $1.5M in 2018. In 2013 it would have been about $1.0M. A huge difference in price direction from the high end to the mid and low end.

Canada is for Canadians
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Canada is for Canadians

There is no way that value will hold with detached values dropping so quickly.

Guest888
Guest
Guest888

1238 37TH AVE W:
2017 Assessment: $8,927,000 — down 38%.

bullwhip29
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bullwhip29

Lawyer for Peschisolido and Co. cited by Law Society of B.C. for assisting immigrant investor fraud
https://www.richmond-news.com/lawyer-for-peschisolido-and-co-cited-by-law-society-of-b-c-for-assisting-immigrant-investor-fraud-1.23578246

Laibach
Member
Laibach

Lawyer Yvonne Hsu has been cited by the Law Society of British Columbia for alleged incompetence and engaging “in activities that [she] ought to have known assisted in or encouraged dishonesty or fraud.”

Usual, boring traditional virtues. Incompetence, dishonesty and fraud. Can they come up with something different for once?

Best place on meth
Member
Best place on meth

She doesn’t look like a mainlander.

She actually has an expression on her face suggesting the possibility of a soul present within the body. Maybe even a hint of compassion for her fellow beings and, this is a longshot, a slight sense of humour.

Might even be locally born and raised.

Laibach
Member
Laibach

“She doesn’t look like a mainlander.”

But she flawlessly maintains that dull, brainless facial expression that would always help mitigate or avoid consequences for the stinky shit done.

bullwhip29
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bullwhip29

Paul Oei fails in bid to have BC Court of Appeal hear his case against B.C. Securities Commission $5-million fraud finding
https://www.richmond-news.com/wedding-anniversary-proving-ominous-for-securities-fraudster-1.23578149

bullwhip29
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bullwhip29

Vancouver police and the city are investigating after eight large trees at Spanish Banks were topped by vandals sometime in the last few days
https://www.cbc.ca/news/canada/british-columbia/vandals-hit-spanish-banks-topping-8-large-trees-1.4966776

>>> to think that some owner(s) in the area executed this literal hatchet job not only in the dark of night but also in the wake of recent wind storms after putting some thought and planning into it.

YVR
Guest
YVR

Gee I wonder who would have done this? I bet when they catch them nobody will be surprised. Probably those long term local residents who have lived there for years and always hated those trees.

CRA221
Guest
CRA221

Interestingly here is a google streetview link (hope it works) of the back of a house directly across the street from the trees. Looks like the guy has a long pole to cut his trees on his property (caught in the act?…..too bad the image is from 2015). It’s just speculation and probably not connected, but I just found it to be a funny coincidence considering the news story.

https://www.google.com/maps/@49.2743616,-123.2126072,3a,90y,12.26h,82.74t/data=!3m6!1e1!3m4!1sHwiFBgHmDYuHRLAdgvJb1A!2e0!7i13312!8i6656

Then again in that neighbourhood it’s likely his gardener LOL

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

Nothing to see here….
From G&M

https://tgam.ca/2RuXlBm

“These records also identified one of the company’s customers as Nelson Wong, whom, the claim states, is an alias of Maxim Poon Wong. Mr. Wong, according to the filing from the civil-forfeiture agency, is known to police as an associate of the Triads and the Yellow Triangle Boys gang and also a business partner of Michael Whieldon, a high-level importer of cocaine from Mexico to Metro Vancouver.

Mr. Wong was arrested by Vancouver police in 2015 while carrying a box of bundled $20 and $50 bills worth $225,000 as well as the recipes and equipment needed to make methamphetamine, according to the court document.”

As a portion of the total money spent on RE, drop in bucket. Hype value for RE machine to promote FOMO? Pure gold.

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

Xi Jinping Orders Military to ‘Enhance Combat Readiness’ After U.S. Travel Warning

https://www.breitbart.com/asia/2019/01/04/xi-jinping-orders-military-to-enhance-combat-readiness-after-u-s-travel-warning/

What does compbat readiness mean for the Chinese army? Surrounding university dorms and monasteries?

Maybe paying off n. Koreans and Vietnamese to fight for them?

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

Oh, you read Breitbart? What a fucking surprise.

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

I’m not afraid to look at the arguments or facts regardless of the source because I am interested in truth.

You look at one side because you are interested in deciving yourself and others.

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

Of course, I should have known, those who read neo-nazi websites (like another poster here does) are simply scholars in search of balanced information and not at all mouth-breathing dipshits.

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

Take a deep breath and calm down. Your spazing right now. Maybe go for a walk

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

*you’re

YVR
Guest
YVR

Thanks for adding that comment. I forgot to include alternate views are also labeled neo-nazi and of course Trump is Hitler, correct? No facts, no ideas, no argument, just unsupported slurs and attacks.

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

Strawman, too predictable. Try asking which website and poster I was referring to before lunging at the keyboard next time?

StupidityCheck
Guest
StupidityCheck

Don’t bother, you won’t get anywhere with people incapable of seeing how ridiculous they are.

Best place on meth
Member
Best place on meth

Everyone’s a nazi to the hysterical left.

As if the Democrats weren’t bad enough before the mid-terms, look at the raging nutjobs that are the new face of the party.

https://news.yahoo.com/impeach-motherf-er-newly-elected-175347830.html;_ylt=AwrXnCIRBTFccgEATATQtDMD;_ylu=X3oDMTByYnR1Zmd1BGNvbG8DZ3ExBHBvcwMyBHZ0aWQDBHNlYwNzcg–

StupidityCheck
Guest
StupidityCheck

If the GOP had any shame, he would have been impeached already. Now that Dems have subpoena power, it shouldn’t take much longer.

Best place on meth
Member
Best place on meth

Impeached for what?

Being rude and offending you?

StupidityCheck
Guest
StupidityCheck

Conspiracy to defraud the US, obstruction of justice, mentally unfit, numerous campaign finance violations, emoluments, graft, etc.

Best place on meth
Member
Best place on meth

Zero proof so far of any of your conspiracy theories.

What media sources do you follow that have made you so ill informed?

StupidityCheck
Guest
StupidityCheck

Zero proof? Is that what they tell you at ZeroClue?

There’s a shitload of proof, documented here:
https://www.amazon.com/Proof-Collusion-Trump-Betrayed-America/dp/1982116080

Bonus proof: His lawyer swore under oath that he committed two felonies at the direction of Trump.

Best place on meth
Member
Best place on meth

A book of fiction and opinions is all you have?

And the crooked lawyer swore under oath?

Well then, that settles it. Impeach away!!

StupidityCheck
Guest
StupidityCheck
Best place on meth
Member
Best place on meth

Link fail?

Maybe you meant to link to by comment on the mail bombs which is your go-to place to run and hide every time your argument fails miserably. Am I right?

I’m sorry if I unnerved you by exposing your “author” as a fraudulent conspiracy theorists (I thought you hated conspiracy theories but I guess not) , but you really should take a closer look at the sources you latch on to for “evidence”.

Seth Abramson teaches “creative writing” at a third rate university. He writes for Huffpo and Guardian. He’s rabidly anti-Trump and constantly makes shit up to get attention. You must have believed everything in Michael Wolff’s book as well, yes?

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

Of course there’s no proof, that’ll only come with Mueller’s report. But something tells me you’ll reject any outcome from that unless it’s a one liner stating that he’s “terrific” and “nobody has higher numbers, believe me”.

There is, however, ample evidence to suggest obstruction *may* have occurred. We’ll find out in due course.

https://www.zerohedge.com/news/2018-07-26/mueller-digging-through-trumps-tweets-make-obstruction-case

Best place on meth
Member
Best place on meth

Don’t mind the triggered leftist who wants to shut down every media source that doesn’t support his extremist views.

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

False.

YVR
Guest
YVR

He is a commie after all. Commie 101 is to shutdown free speech. Today’s lefties don’t even want to debate anything. All they want is to shutdown (shut it down already) all alternate views under the labels alt right, hate, racist, sexist or what ever they can come up with. No ideas and no ability to debate different ideas. That is why they are being thrown out of government all over the free world. Communist China is all they have left after Trudeau is gone.

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

Using racial slurs is just an innocent “alternate view”? Riiiight.

Best place on meth
Member
Best place on meth

Racial slurs are the worst things on earth, but all other slurs are not only acceptable, but should be hurled as often as possible against anyone who’s opinion you disagree with.

Is that correct, hypocrite?

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

Strawman, but bravo for the effort.

Best place on meth
Member
Best place on meth

Wrong again, you don’t know what a straw man is.

A slur is a slur, period.

You rail against one type while engaging frequently in other types which makes you a HYPOCRITE.

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

You’re of course welcome to believe whatever nonsense you choose.

FYI, the strawman was suggesting that I believe that slurs should be hurled at anybody I disagree with – you’re welcome.

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

Total US jobs gain was a whopping 312,000. That works out to 0.10% of their population, while Canada’s jobs gain of 9,300 works out to a lousy 0.025% of our population (a quarter of the US number per population).
Way to go Justine.

Doomcouver
Member
Doomcouver

Add to that most of the Canadian job gains are in low paying service jobs. Also wage growth is under-performing inflation. There’s nothing to celebrate about getting these 9300 more jobs. This just shows that Canada’s economy is extremely fragile, and any contraction in the credit and real estate markets will mean massive job losses and high unemployment. We can thank a severe case of Dutch disease for our current predicament.

YVR
Guest
YVR

“Add to that most of the Canadian job gains are in low paying service jobs.”

But those are valuable jobs at great places to work such as Tim Hortons and A&W. Plus the added bonus is the proliferation of those wonderful restaurants which adds so much to the vibrancy of our cities and our culture. I love the 10 different Tim Hortons and A&W within walking distance to me in downtown Vancouver. Hopefully we can keep this economy growing with real estate and fast food related jobs. Only a genius like Trudeau could engineer such an economy.

Oracle
Guest
Oracle

I’m thinking if Trump is ever jailed, civil war would break out in the USA. Can you imagine 20,000,000 million angry supporters ?

I think Trump knows this.

What you guys think?

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

Nobody is about to start a civil war over the most unpopular president in living memory.

YVR
Guest
YVR

Thanks for fake news but Trumps approval rating is about the same as Obama overall and his approval rating for just Republicans is the highest in recorded history. If there was a civil war which side would win? The ones with the guns or the ones who are scared of guns?

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

Presently his approval is about the same as Obama’s was at the same phase of his presidency but it would be rather stupid to look at a single moment in time, wouldn’t it?For all but the last couple of weeks Trump’s approval rating has generally been lower than any president in living memory, and certainly lower than GWB’s was at any point in his first two years.

Bleat “fake” and try to twist the facts as much you like, though.

But to address your dumb question the people who would win would be those backed by the armed forces and international allies, not some disorganized rural folk with rifles and red baseball caps who are easily outwitted.

You probably think Apple’s stock is up “hundreds of percent” since 2016, too, I would wager.

YVR
Guest
YVR

“But to address your dumb question the people who would win would be those backed by the armed forces”

You think the armed forces would side with the democrats? Man you are out of touch.

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

I’m suggesting that a civil war wouldn’t be split along simplistic party lines. Sorry if it’s confusing you.

YVR
Guest
YVR

“Presently his approval is about the same as Obama’s was at the same phase of his presidency”

So Trump is not the “most unpopular president in living memory” then is he? Approval ratings are for the most part manipulated by the media and irrelevant. Still Trump looks better than most. Trump didn’t have the media fawning over him like Obama or Clinton. Clinton’s job approval rating was 36% in 1993 in his first year. Lower than Trump. George W Bush had approval ratings as low as 22% again way, way lower than Trump ever has been. Only 911 kept Bush up. In Reagans second year he was about 40% which lower than Trump at the same point. Those are the facts.

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

Again, I’m referring to the aggregated approval over his term so far. Not a random instant in time.

Life must be really hard for you.

Doomcouver
Member
Doomcouver

He won’t get indicted until after he stops being president. They have enough dirt on him to put him behind bars post-presidency though.

YVR
Guest
YVR

Man people are dumb. You go to jail for committing a crime you are convicted of. Not false accusations by fake news and political spin by the opposition party and their allies only a fool would believe. Besides Trump will be president for another 6 years.

Best place on meth
Member
Best place on meth

I think the rabid, drooling leftists dreaming of jailing him are the dumbest shits in the history of the USA.

Even impeachment isn’t going to happen.

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

I’d say imprisonment odds are low very, but not zero. Divorce is definitely on the cards, however. Sad!

Best place on meth
Member
Best place on meth

Shifting the goalposts again?

Divorce now?

Even the pyscho bitches the Democrats just brought on board didn’t sink as low as to bring up divorce as something to be gleeful over.

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

What goalposts are being shifted? The topic is subjective, and I stated quite clearly my opinion on the odds of imprisonment or impeachment (both of which are still possibilities, of course). You’re really not very good at this, are you?

Best place on meth
Member
Best place on meth

Why not attack his son Barron while you’re at it?

Seems like the kind of lowlife approach you’d have no problem taking.

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

“very low”

paulb
Member

New
132
Price Change
48
Sold
28
TI:9546

http://www.clivestevepaul.com

Hyper-mega-Bull
Member
Hyper-mega-Bull

wait, so you’re telling me that governments aren’t going to take actions that everyone knows will destroy the economy? !?!

Fed Chairman Powell Sees Flexibility on Rates This Year
Stocks rally after chairman says central bank isn’t on a fixed path to push benchmark rate higher

https://www.wsj.com/articles/fed-chairman-powell-sees-flexibility-on-rates-this-year-11546616769

YVR
Guest
YVR

Another round won by Trump. Powell is conforming.

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

Powell knows that the trade war is a drag on the economy, and he’ll obviously continue to set rates as he sees fit independently of an bridiculous attempts at interference. He’s even said he’ll not resign if asked – clearly thumbing his nose, not conforming.

If you see inflation move far from the target rate and stay there then you might just have an argument that they’re bending to his will. But if the bank is doing its stated job, which it clearly is, then calling it a victory for Trump is just another example of your hilarious, yet always cute, cheerleading.

As an aside, don’t you think an artful dealmaker could acheive their budgetary goals without having to shutdown the government or threaten to keep it shut down for years? What’s skillful about that negotiating tactic in your opinion?

YVR
Guest
YVR

A good negotiator puts pressure on the other side to come to the table to make a deal. Trump did it to Trudeau. Remember Trudeau was supposed to just wait Trump out on NAFTA? He gave in to what Trump wanted rather quickly, now didn’t he. Trump did it to North Korea with unprecedented sanctions and threat of military action. Trump has China on its knees with their economy about to collapse. The Democrats have caused the shutdown by not coming to the table. Trump will crush them just like he did the others.

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

A good negotiator gets what they want effortlessly without resorting to such measures. He’s unable to get what he wants because of his inability to understand the motivations of those he’s negotiating with. It’s a massive fail.

Should I take your lack of reply about Powell as you conceding the point in your usual gracious manner?

YVR
Guest
YVR

“Should I take your lack of reply about Powell as you conceding the point in your usual gracious manner?”

Sorry I did not respond to your rambling nonsense. Powell just did exactly what Trump wanted. Again Trump won. The markets yesterday proved it.

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

Powell is responding to economic conditions, not the toddler’s non-stop whining and attempts to interfere with monetary policy. The fact that his words happened to be more aligned with Trump’s goals is merely coincidental, evidenced by the fact that he will not resign if asked.

Perhaps that’s your mistaken idea of “conforming”, however.

YVR
Guest
YVR

“A good negotiator gets what they want effortlessly”

Nobody gets what they want effortlessly other than those entitled criminals we have imported to Metro Vancouver which you are probably one of. Anything worth getting must be worked for and that is what Trump is doing. Both parties in the US have been trying to reform immigration and secure the border for the past 35 years. Nobody has got it done through your so called effortless negotiations now have they. In fact Obama accomplished nothing in 8 years other than double the debt. Waite and watch as you get another of your predictions wrong. Trump will the one who gets the border secured.

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

A highly skilled negotiator would find it effortless by definition. I’ve made no prediction here, either. That’s just yet another demonstration of your dishonesty. Your comments about Obama are another. I’m simply saying that somebody who claims to be expert dealmaker should have achieved their goal by now with resorting to throwing a tantrum. And that’s an indisputable fact.

bullwhip29
Guest
bullwhip29

B.C. government reduces or eliminates deductibles for many Fair Pharmacare clients
https://vancouversun.com/news/local-news/b-c-government-reduces-or-eliminates-deductibles-for-many-fair-pharmacare-clients

>>> another win for the students and housewives…surely some clever souls now looking at this as another lucrative business opportunity

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

I pity the person who reads an article about people skipping prescription drugs due to the cost and tries to use it (without any basis) to have yet another dig at Chinese. So pathetic.

YVR
Guest
YVR

The only person who said anything about Chinese was you.

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

Oh my, aren’t you the clever one?

Slava
Member
Slava

No one is interested in who you pity….

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

Incorrect.

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

Its true.

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

Well then, that changes the situation entirely. Thanks for speaking up!

Canada is for Canadians
Guest
Canada is for Canadians

Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat

https://www.mansionglobal.com/articles/chinese-dumped-1-billion-of-u-s-real-estate-in-third-quarter-extending-recent-retreat-116204?link=TD_nypost_articles.7c7e0f416376f79f&utm_source=nypost_articles.7c7e0f416376f79f&utm_campaign=circular&utm_medium=MANSIONGLOBAL&locale=

“Chinese investors unloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad.”

>>> Anbang will sell the Bentall towers and probably the care homes they own in BC as well.

Best place on meth
Member
Best place on meth

It’s heartwarming seeing the words “chinese” and “retreat” together.

The only thing that could make that the perfect trifecta is adding “massacred”.

southseacompany
Member
southseacompany

“It’s not just Vancouver: Property market slump goes global, jolting cities from Hong Kong to Sydney”, Financial Post

https://business.financialpost.com/real-estate/property-markets-from-hong-kong-to-sydney-join-global-slump

Doomcouver
Member
Doomcouver

2008 was just a taste of what a global real estate collapse might look like. The next one will be bigger and more widespread.