The good side of falling real estate prices

Over at the Globe and Mail commenters are ‘feeling the schadenfreude‘ over falling Vancouver real estate values.

JP Beauchesne:

As a 32-year-old, I am definitely feeling the schadenfreude here. Housing prices are unrealistically high across much of the country, and I would like few things better than to see that market crash so that I can have a shot at buying a decent house myself

Read all the select comments here.

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Big Bear
Guest
Big Bear

Guess I’m not the only one looking on Airbnb: https://twitter.com/mortimer_1/status/1130220899511103488

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Foreign locust will pay top $$$ for Real Estate, then try to recoup funds with stunts like AirBnB …. ie 2 extremes.

CRA and bylaw officers should have an app that detects Chinglish in ads….then take the locusts down.

patriotz
Member

Ottawa’s housing market heats up, defying national chill

“A growing population drawn to the region’s high-tech hub fuels biggest boom in nearly a decade”

Reasonably priced housing has become a drawing card for high-tech industry. Another indication that expensive housing is bad for the real economy.

SFH in Kanata

patriotz
Member

B.C. is leading the way on money laundering. The rest of the country should follow

Note this publication told us in 2017, “In B.C., hold your nose and vote Liberal “.

Laibach
Member
Laibach

And yet no serious discussion what’s going on in Canada. What all those echelons of unemployed, no-English speaking, black or gray market dealing but RE owning individuals doing around. Why are they here and what do they do, whose interest are they after? How did they get here? Also, the entire investor program should be investigated, and citizenships revoked as one of the biggest scams ever.

“Unfortunately, the real People’s Republic of China is not just an economic opportunity. It is also a threat. And that threat is growing. This is no passing storm. China’s rapid rise, even as it remains an unapologetically totalitarian state, is geopolitical climate change on an unprecedented scale. We must think hard about how to mitigate its impact.”

https://www.theglobeandmail.com/opinion/editorials/article-china-is-changing-the-geopolitical-climate-canada-has-to-mitigate/

Best place on meth
Member
Best place on meth

“The irony is that the Trudeau government came into office criticizing the Harper Conservatives for being too critical of China. The Liberals pitched deeper engagement with Beijing as the key to prosperity. The new team in Ottawa appeared to be blissfully clueless about the regime they were trying so hard to get into bed with.”

Worst PM ever, and a worthless traitor to our country.

“The latest lesson comes from the arbitrary detention since last December of Canadians Michael Kovrig and Michael Spavor, and their official charging this week with state-secret crimes, which carry the death penalty.”

Princess meng-meng needs to be thrown in jail.

JT sucks
Member
JT sucks

“Princess meng-meng needs to be thrown in jail”
Same with Prince Turd!

YVR
Guest
YVR

Looks like SIDA’s phone will soon be a useless paper weight.

“Google suspends some business with Huawei, restricts access to Android updates”

The suspension could hobble Huawei’s smartphone business outside China as the tech giant will immediately lose access to updates to Google’s Android operating system. Future versions of Huawei smartphones that run on Android will also lose access to popular services, including the Google Play Store, and GMail and YouTube apps.

https://www.cbc.ca/news/business/google-huawei-android-access-1.5142448

Oracle
Guest
Oracle

The USA Generals and Pentagon are well aware of what they need to do.

China cannot be allowed to rise further. Full stop.

Canada has been a traitor on this front. And now some locals and immigrants within Canada are cheering for China. These people must be outed.

Go USA!!

Best place on meth
Member
Best place on meth

Beautiful! Hauwei is finished.

Now if the vermin would just slap a ban on rare earth exports, this trade war can quickly turn into a shooting war.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Chinese are very resilient and will ultimately triumph .

This is simply a minor setback, as history as shown repeatedly the Chinese are master innovators and inventors and we owe much to their ingenuity.

Best place on meth
Member
Best place on meth

They did invent something or other around 500 years ago.

Nothing but stealing from the US the last 50 years.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

SFH will likely hit bottom soon, the one to watch is those sky boxes….that’s gonna be a disaster re: how loooowww can you go.

Doomcouver
Guest
Doomcouver

If by “soon” you mean half a decade or longer……

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

City of Richmond considering a multi-million dollar museum to tell the “Richmond Story”
Three museum models varying in cost from $3.4 to $53 million under consideration
https://www.richmond-news.com/news/new-richmond-museum-on-the-table-1.23825547

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Richmond Story ?

bwhahahaha..

HERE IT IS:
Richmond was founded by people of European stock…it was once thriving middle class city.
In 1986 an invasion of foreign locusts began to displace the native species, which continues unabated, to the point of literal extinction.

Political leaders developed a case of yellow fever…symptoms are turning a blind eye to birth tourism, illegal hotels..money laundering, etc etc.
================================================================

Regardless…a museum is a stupid idea…Royal Museum in Victoria barely breaks even..in Richmond no-one whose left will give a shit.

bullwhip29
Guest
bullwhip29

NY TImes: Australia’s China Challenge
With Beijing pushing as far as it can wherever it can in the era of President Xi Jinping, Australia has become a global case study in Chinese government influence
https://www.nytimes.com/2019/05/20/world/australia/australia-china.html

Laibach
Member
Laibach

Horror. Time for Australia, the same as for Canada, to start shipping garbage back where it came from. Western world is ripe for the big clean up, garbage got rotten and it stinks badly.

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

like a plague of locusts they descend …

bullwhip29
Guest
bullwhip29

Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as “restricted to a limited space” even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home
https://globalnews.ca/news/5295663/huawei-cfo-meng-wanzhou-house-arrest/

Canada is for Canadians
Guest
Canada is for Canadians

she has one of the most insulting attitudes Ive ever seen….

Best place on meth
Member
Best place on meth

Poor baby, only allowed to travel within a 50 km radius of her mansion.

I wonder if she knows about Spavor and Kovrig, and if she does then why does she keep running her fucking mouth?

I can’t wait until she sees the inside of a US federal prison.

franko
Member
franko

No matter how many times I watch this https://www.youtube.com/watch?=eqnmfNiaM-Y it leaves me shaking my head, and wondering if this guy has ever been rowing with both oars in the water.

franko
Member
franko
Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

People seem to mock the premise that Justin’s biological father is Fidel Castro…do GOOGLE search.

ALSO: Check out Henry Makow site that Justin was likely abused as child(MK Ultra programming) and Pierre Turdeau was a pedophile.

Rumour has it Justin’s deceased brother was murdered..the avalanche premise does not stand up to scrutiny…..Pierre had pissed off his elite handlers

Regardless… time to stop Turdeau legacy….

Specuskeptic
Member

You are a fucking lunatic. It’s possible to dislike Justin without having to make shit up. He provides ample cause.

Royce McC
Guest
Royce McC

Agreed. Actually, it may be worse than that. Crazy-mouth like this even helps the Federal Liberal’s chances at re-electing a majority.

The “hidden agenda”/ “fringe belief” tactic has worked so [clap] many [clap] damn [clap] times.

The CPC’s inability inability to keep themselves from being associated with this kind of foolishness seems really, really sad at times.

patriotz
Member

“People seem to mock the premise that Justin’s biological father is Fidel Castro…”

https://nationalpost.com/pmn/news-pmn/no-fidel-castro-is-not-canada-pm-trudeaus-father

YVR
Guest
YVR

Then there is no excuse for the Turd to idolize Castro. Worse than being his son.

Best place on meth
Member
Best place on meth

“Turd the Traitor”

The china apologist will never live this down,, he will be the first 1 term PM of a majority government in nearly a century.

As the situation with the evil empire gets more intense and more heated, we all need to keep an eye out for china apologists in our country and take notes for future reference.

They need to be held accountable.

Canada is for Canadians
Guest
Canada is for Canadians

Meet the 31-year-old African American CEO aiming to revolutionize real estate investing

https://www.cnn.com/2019/05/20/investing/ryan-williams-cadre-real-estate/index.html

its still about real estate investing… not living in a house as a home …

Best place on meth
Member
Best place on meth

He sounds more American than African.

YVR
Guest
YVR

It is CNN. It has to be about skin colour.

bullwhip29
Guest
bullwhip29
patriotz
Member

He’s right. Everyone who works in the sector knows that it has a greater proportion of immigrants than the general population.

YVR
Guest
YVR

Maybe in areas with few immigrants. Not in Vancouver.

Shut It Down Already (original)
Guest
Shut It Down Already (original)
Statscan: “In 2017, over one in ten core-aged immigrants (10.9%) worked in professional, scientific and technical services. Also, immigrants’ employment in this industry grew by 10.0% from the previous year. In contrast, close to 8% of the Canadian-born were employed in this industry and their employment growth was little changed. Employment growth in professional, scientific and technical services was split between very recent immigrants and established immigrants. Professional, scientific and technical services include subsectors such as legal services, accounting, architectural, engineering and related services, computer systems designs, management, scientific and technical consulting, as well as scientific research and development. This is one of the higher paid industries, and much of the expertise in it requires university or college education. In 2017, virtually half of employed immigrants aged 25 to 54 had university degrees (49.7%), while less than a third (about… Read more »
YVR
Guest
YVR

Irrelevant. Professional, scientific and technical services includes legal advice and representation; accounting, bookkeeping, and payroll services; architectural, engineering, and specialized design services; computer services; consulting services; research services; advertising services; photographic services; translation and interpretation services; veterinary services; and other professional, scientific, and technical services.

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

You’re welcome to present some more “relevant” data.

patriotz
Member

“Maybe in areas with few immigrants. Not in Vancouver.”

It’s pretty clear that in Ottawa immigrants punch above their weight in the tech sector. Many major firms were founded by immigrants, a recent example being Shopify which was founded by an immigrant from Germany.

In Vancouver or Toronto which have the highest immigrant populations you likely do not have such over representation. But Ottawa’s tech sector is bigger than Vancouver’s. I mean the major players, not anyone doing web sites from their home office.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

WTF are you doing here, you Ottawa bureaucrat. I think it’s appalling that an Ottawa bureaucrat is talking about how immigrants “punch above their weight” compared to Canadians. That is anti-Canadian bigotry. You would never get away with saying the opposite. You are a fucking propagandist!!! Are you also Pitz on Zerohedge, the notorious HAM denier over there?

Specuskeptic
Member

Only you and Oracle seem to be obsessed with what Pats does or doesn’t do. Truly fucking weird.

patriotz
Member

First month free: Landlords offering pretty perks to attract renters

“”For the first time in six years, it’s a tenant’s market,” said Moe Mousavi, a property manager at Macdonald Realty and the founder of DeluxeProperties.ca. He says landlords are now being forced to offer incentives because there’s more supply in the market than demand.”

Best place on meth
Member
Best place on meth

“Thomas Davidoff, associate professor at the UBC Sauder School of Business says we’re seeing an increase in the rental market due to a combination of factors, including legislative measures by the province.

He says the empty homes tax and speculation tax, paired with the completion of many new apartment buildings are driving the supply.

“When you’ve got more listings than people looking, you’re going to start to see some concessions,” said Davidoff.”

Stupid NDP, why do they keep like….accomplishing stuff? And wear Eebee?

Doomcouver
Guest
Doomcouver

In a rising market, owners are more inclined to leave their properties empty because they’re making enough on capital appreciation to justify the investment. In a falling market they’re forced to rent their properties or risk a negative investment return. I think risk aversion by prospective buyers will chew through quite a bit of the extra rental supply though so it may cancel each other out. We’ll see…

YVR
Guest
YVR

“In a falling market they’re forced to rent their properties or risk a negative investment return.”

In a falling market the only way to avoid a negative investment return is to sell. Getting a 1% to 2% annual rental return is not going to make much difference other than making the place harder to sell.

Doomcouver
Guest
Doomcouver

I was purely talking about an income minus expenses calculation. In a falling market you’re right the only logical way to preserve wealth is to liquidate the depreciating assets as quickly as possible. Sadly the cult of real estate has a massive cohort of zombie homeowners that are asleep at the wheel and are expecting prices to skyrocket again any day now.

YVR
Guest
YVR

Concessions are lower rents not gimmicks. Rents are at all time highs still. Higher than when Eby took office.

Best place on meth
Member
Best place on meth

Rents are higher now than when Eby took office because Eby was unable to stop them rising within 24 hours of taking office.

He should have lowered rents immediately.

YVR
Guest
YVR

You are the one that said this: “Stupid NDP, why do they keep like….accomplishing stuff?”

We are at 2 years now btw.

Big Bear
Guest
Big Bear

Because rents would be so much lower if the BC Libs were still in power.

YVR
Guest
YVR

First month free is a scam. You are paying an inflated rent which after 1 years sticks plus the rental allowed increase. Anyone with half a brain would ask to take the the free month / 12 off the rent. If it was truly a renters market we would see lower rents not scams.

Best place on meth
Member
Best place on meth

Why Trump Will Win the US China Trade War—Stephen Moore

https://www.youtube.com/watch?v=dFV0-ODvkmg

Best place on meth
Member
Best place on meth

Huawei CFO house arrest contrasts with Canadians detained in China

https://ca.reuters.com/article/domesticNews/idCAKCN1SQ0C3-OCADN

“The difference between the terms of detention of Madame Meng and the two Canadians is going to just jump off the page,” said Paul Evans, a professor at the University of British Columbia who specializes in China and Canada relations.

He added that the contrast could anger Canadians who compare Meng’s conditions with those of Kovrig and Spavor.

The two Canadians have no access to lawyers or bail, are questioned every morning, afternoon and evening, and are held in a room where the lights are not allowed to be turned off at night, according to Canadian diplomats. China has said only that the legal rights of the two men are being fully guaranteed.

Doomcouver
Guest
Doomcouver

Interesting that she’s moving closer to the Chinese Consulate. Makes you wonder if she’d try and flee to the consulate to make a claim for asylum. That’d be a sticky political situation…

SilentBob
Guest
SilentBob

You think she’d give up her cushy digs to go live in a consulate like Julian Assange? Really?

Doomcouver
Guest
Doomcouver

She might since she’s facing a 25 year jail sentence in the USA.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
southseacompany
Member
southseacompany

This entitled boomer whining is going to be painful to listen too.

“The impact on the economy and jobs will likewise be devastating. A recent BC Real Estate Association analysis confirms that a 10 per cent equity loss translates to 26,000 jobs lost, $1.8B in lost retail sales, plus lost tax revenues to government.””

That’s a load of crap. As Mark Carney said back in 2013;
“Real wealth is built through innovation, and it’s gained through hard work. It’s not through some magical asset inflation.”

The best thing for Vancouver’s economy would be for the “magical asset inflation” to stop, and for hard work and innovation to take over.

Simple Solution
Member
Simple Solution

Does anyone else have a good laugh when they read ” BC Real Estate Association analysis” or is it just me?

Dave
Member

That sounds about right to me. They are using a ballpark estimate. There are 2.6M people in the work force, so they’re saying a 10% drop in equity causes a 1% rise in unemployment. Let’s say we get a 40% drop in equity… that’s bumps unemployment from 4.5% to 8.5%, which puts it in the middle of the range we had in the 1990s and 2000s.

For retail sales, we have about $100B per year in BC. A 40% drop means about a 7% drop. I would expect a bit more than that, but I don’t think they’re far off.

southseacompany
Member
southseacompany

The long term gains will outweigh the short term pains.

“Why Falling Home Prices Could Be a Good Thing”, NY Times

https://www.stlouisfed.org/news-releases/2007/04/05/what-effect-would-falling-house-prices-have-on-us-economy

bullwhip29
Guest
bullwhip29

google “bernanke was wrong”

Dave
Member

If the Fed didn’t step in, it would have turned into a full blown Depression. So, I think he got the most important thing right which was keeping the economy solvent. I think what he got wrong was asset inflation from cheap money and the impact to people without assets.

I personally think they are out of ideas. The next downturn will be more of the same and eventually I think we get a debt holiday. I haven’t heard a better idea yet.

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

YEP we are going to have to have the cleanse at some point. Sooner is better than later.

The RE economy was built on sand and if thousands of Realtors, stagers, crappy tradespeople, overpriced restaurants need to get new jobs or go broke for the long term good…

BRING IT ON!

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

Expect the howls to save the beleaguered home owner to get much louder.

Best place on meth
Member
Best place on meth

““We have been taxed out of our home,” said Point Grey resident Ric Pow. “My wife and I are lifelong residents of Vancouver, and have owned and lived in Point Grey for 33 years. We have been careful with our retirement funds, and own our home mortgage-free, which has been a cornerstone of our retirement plan. Our home, along with most others in David Eby’s riding, has lost 25 per cent of its value since the NDP took power.”

Hooray NDP!

Make Trudeau a Drama Teacher Again
Guest
Make Trudeau a Drama Teacher Again

How much has the Boomers home appreciated since 2000? 250%? They can handle a 25% correction to the cornerstone of their retirement.

Did they think Van RE was a tree that grew to the sky?

Did they wonder who was going to be able to afford their home?

YVR
Guest
YVR

If the cornerstone of their retirement plan was to sell their home at bubble prices they still have time. 25% off is just the beginning. They can still retire multi-millionaires simply by moving. Too bad they are too greedy to figure it out.

YVR
Guest
YVR

Looks like fake news when they have the quote of a poor soon to be retried home owner who in fact is a property developer.

Ric Pow
Principal
Sundance Canyon Homes
November 2011 – Present 7 years 7 months
Vancouver

Owner and partner in the company. All business aspects including corporate administration, land acquisition, site planning, multi-family home design, procurement, construction, sales and marketing.

https://ca.linkedin.com/in/ricpow

Oracle
Guest
Oracle

Nice. Outed the damn deceivers.

Keep up the pressure on the MLAs people.

Laibach
Member
Laibach

No “big deal” yet. Not for the majority which liabilities (mortgage + eq. loan) are still lower than the current home values (gains were of epic proportions). Once when equilibrium changes, panic and fear will rule.

bullwhip29
Guest
bullwhip29

perhaps, but imho a significant % kept parlaying their wins into bigger and better properties not to mention buying additional properties for rentals, vacation and family members etc. besides, anyone that tells you losses of 10, 20, 30…% don’t affect them or that they are OK with leaving 100s of thousands or even millions on the table are flat out lying.

Simple Solution
Member
Simple Solution

oops… couldn’t close I guess….

https://biv.com/article/2019/05/whos-getting-sued-may-21-2019

Defendant

Hai Bing Dai

Plaintiff

Shannon Condominium Holdings Ltd.

Claim

$255,000 for forfeiture of a real estate deposit.

Dave
Member

And so it begins. This is the same developer giving out closing bonuses for a project in Kerrisdale.

Failed closings will likely hit West Vancouver and west of Main first, then spread outwards.

Simple Solution
Member
Simple Solution

They are paying 4% flat rate commission PLUS $150K bonus… buyer gets 2 years no strata fees. Seems like they will do ANYTHING short of lowering prices.

No idea why ANYONE would buy now.

Failed closings should start accelerating now…

Dave
Member
I don’t see how it doesn’t accelerate. The stuff closing today is still pre-peak pricing. As time goes on, the units that are closing were sold for higher and higher prices while their values drop lower and lower. Most units are still above water at this point, but you still have the issue of mortgage qualifications. Even though some people have a bit of equity, they might not have the ability too close. Two years ago, those people walked away by flipping the pre-sale for a higher price. If you look at the price curve and the timeline for construction, you would generally expect to see failed closings around Q1 of 2020 and getting worse from there. If the market stabilizes by then, we’ll avoid that second leg down. But if things continue to deteriorate, then 2020 is probably going… Read more »
MAKE TRUDEAU A DRAMA TEACHER AGAIN!
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN!
bullwhip29
Guest
bullwhip29
many presale buyers in this neck of the woods can only hope their deals get cancelled and deposits returned. imho this will be a blessing in disguise for many of these investors but unfortunately many of them will not see it that way, dig their heels in and wind up getting burned a second time when the next shoe drops in what will be a multi-year decline in RE prices that will blanket the whole country. it is almost laughable to read/listen to comments from various sources in other provinces re. the epic money laundering problem and that is somehow only a made in BC issue. not that i am defending the HAM crowd whatsoever, but one should watch the last episode of 60 minutes which featured a story on russian money laundering. anyone that hasn’t been living under a… Read more »
bullwhip29
Guest
bullwhip29
Shut It Down Already (original)
Guest
Shut It Down Already (original)

You didn’t read the article, did you?

SilentBob
Guest
SilentBob

Here’s another good one:

Defendants
1124883 B.C. Ltd. dba Owl Investment Club and Brent Chow

Plaintiffs
Phong Wayne Ung and 1156599 B.C. Ltd.

Claim
$700,000 for fraudulent misrepresentation of an investment opportunity in a property development project.

Have to love the numbered corps … Nothing to see here.

southseacompany
Member
southseacompany

“IMF warns easing Canada’s housing rules would be ‘ill-advised'”, BNN Bloomberg

https://www.bnnbloomberg.ca/imf-warns-easing-canada-s-housing-rules-would-be-ill-advised-1.1261848

“The International Monetary Fund is warning that Canada should not relax housing regulations, saying that the country’s real estate market still needs to cool down amid high consumer debt levels.”

bullwhip29
Guest
bullwhip29
Royce McC
Guest
Royce McC

Step 1: For BC at least, the answer is to massively reduce wildfires.

When it comes to summer tourists here, other schemes they cook up won’t matter. Wildfire haze across this region and up and down the BC coast are becoming routine. In the last couple years, during the haziest times, I’ve chatted with multiple touring families who were pretty crushed that their “trip of a lifetime” to beautiful BC was so badly affected.

If we lose the views in August as a matter of routine, any new efforts will be doing well if they keep the tourism industry from declining.

YVR
Guest
YVR

We are told the wild fires are due to ‘climate change’. With the new carbon tax and $2 gas climate change should be solved. No? I thought that is how carbon taxes worked.

Dave
Member

The only thing that is going to solve climate change is technological change. We need new sources of energy such as Gen 4 nuclear and electric cars. Cutting back on gasoline consumption does more or less nothing for the climate. If BC wants to be a climate leader, we should set up a Venture Capital group that is run by a private company and uses the gasoline tax as a source of funds. The taxpayer would be part owner of those startup companies.

But we’re not serious about the issue. We care more about virtue signalling than results.

JT sucks
Member
JT sucks

“The only thing that is going to solve climate change is technological change”

Not without slowing the birth rate in shit-hole countries.

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

You may want to check the per capita rates of greenhouse gas emissions by country.

YVR
Guest
YVR

Good point. So bringing people from shithole countries where they produce little greenhouse gas emissions to Canada where they will produce some of the highest levels of greenhouse gas emissions per capita makes no sense. If the world is about to end due to climate change should we not immediately stop all immigration from shithole countries to Canada?

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

Right, because the emissions per capita variable cannot possibly be changed?

YVR
Guest
YVR

Are you saying we should have a different standard for immigrants from shithole countries? Does that mean we confiscate the Lamborghini and mansions?

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

No, nobody said that or anything remotely like it.

Troll.

YVR
Guest
YVR

Or are you saying all Canadians should reduce their standard of living to those similar to shithole countries to help compensate for the extra greenhouse gases the shithole immigrants will produce when they come here? And on top of that pay carbon taxes?

I like the ban them and confiscate idea better. After all we need to save the planet.

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

No, I didn’t say that either.

YVR
Guest
YVR

No I said it. You have no plan. Owned again

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

Cut back on the coffee.

Oracle
Guest
Oracle

Hahahahahahahahahahah

SIDA owned again. Hahaha

Don’t mess with YVR man. Read how efficient his posts are. You won’t win against something like that.

Don’t even try. Hahaha oh my stomach hahahahap

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

YVR debates the words he wished you’d said, not what was actually said. It’s rather tiresome, as is basing an entire argument on a misunderstanding of fundamental statistics.

DaMann
Member
DaMann

This

been saying for ages the carbon tax is useless. It doesn’t stop people from driving it just makes them more poor. Then they rebate the money back? idiotic. Funnel all that tax money into green tech put it to use to do something.
We drive more now and have bigger cars on the road than we ever did at 40 cents a litre. If you are going to add a tax then use it!

Best place on meth
Member
Best place on meth

In 2008 a barrel of oil cost $120 and gas in Vancouver was $1.50.

Today oil is $60 and gas is $1.70

YVR
Guest
YVR

One of the NDPs biggest accomplishments. May have something to do with pipelines and taxes.

Best place on meth
Member
Best place on meth

Libs started the carbon tax and increased it regularly.

YVR
Guest
YVR

The Liberals reduced income taxes by the same amount which was the law. The first legislation the NDP put through was to eliminate that law that required carbon taxes to be revenue neutral and then they raised the carbon taxes (with more to come) along with raising income taxes. It is not rocket science. The NDP are about increased taxation in guise of something else.

Oracle
Guest
Oracle

56% of metro Vancouver emissions is the damn gas furnaces in homes.

They can ban those in new builds if they really wanted to.

Royce McC
Guest
Royce McC

@YVR: Neat.

Dave
Member

It’s called sink the Canadian Dollar. That’s the biggest factor.

DaMann
Member
DaMann

this makes me laugh. yah let’s pump tourism and then do nothing. BC is tourist destination number 1 and we have had a doubling of the population in the last 25 years and not a single new Provincial Park for camping within 3 hours of Vancouver. We are absolutely overrun. Start making more parks and expanding some areas or stop promoting tourism. Idiots.

bullwhip29
Guest
bullwhip29

basically any/all feature attractions right across canada are booked solid and selling for top price. i remember the days when they had those “be a tourist in your own town” passes in victoria which they basically gave away for free. today, just getting a seat on the ferry on any semi decent weekend is like trying to find a parking spot at richmond costco on sunday afternoon. so, here were are at a point where locals, many of whom missed the RE bubble, now have to take a back seat to tourists as well

bullwhip29
Guest
bullwhip29

this all said, the illegal hotel and leisure businesses should continue on like gangbusters…

Simple Solution
Member
Simple Solution

So if the city actually wanted to enforce laws, there is a way…

https://www.opb.org/news/article/airbnb-portland-oregon-ordinance-crackdown/#.XOPyev_k02c.twitter

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