Friday free-for-all! August 16th 2019

Its the end of another week and that means its time for another open topic discussion thread for the weekend.

Friday free-for-all time!

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

We are the 112th best city in Canada

Not allowed to publish price data?

childless cities

money laundering inquiry should focus on RE

soaring price to return with falling rates?

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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StupidityCheck
Guest
StupidityCheck

Suggested topics:

Turd bad, Trump good.
China bad.
Open house traffic.
World class __________.

xhistory
Guest
xhistory

The advertisement above you. and below me.

Best place on meth
Member
Best place on meth

Justin commits crimes like a fucking thug.

Anyone who still supports this piece of shit may as well declare their support for Xi and communist china.

We have a lot of work to do getting rid of traitors, it’s not going to be peaceful.

xhistory
Guest
xhistory

Traitor is a pretty strong word. Loyalty is an admiral quality, and if Canadians feel that Trudeau speaks for them, they can vote for him.
I’m probably voting Green, as I’m loyal to the limits of growth, in light of how our traditional parties were created to maximize expansion and concentration of wealth. We don’t live in those times anymore. But, Meth, without doing your horoscope, I won’t know your starseed, and cosmic mission, although I can guess.

southseacompany
Member
southseacompany

“Vancouver’s empty-home tax is returning inventory to rental market”, Globe & Mail

https://www.theglobeandmail.com/real-estate/vancouver/article-vancouvers-empty-home-tax-is-returning-inventory-to-rental-market/

“New taxes designed to push homeowners into renting out all or part of their empty homes are achieving the goal – at least while the housing market in B.C. remains soft. Lower Mainland property managers and realtors say they’re seeing an increase in the renting business, now that homeowners in urban areas can’t leave properties vacant without incurring the province’s speculation and vacancy tax.”

southseacompany
Member
southseacompany
Full Article: He says an effect of the market downturn has been a return to business on the west side of the city. When extreme wealth started pouring into west side neighbourhoods such as Point Grey, Mr. Fry’s business moved eastward because west side homeowners looked down on the idea of a laneway house rental, he says. Now that the market has slowed, new owners on the west side are open to the idea of a laneway house as a mortgage helper. “When prices jumped up and people were paying exorbitant rates, those Point Grey people wouldn’t talk to us anymore, because why would they have a rental unit? It was déclassé,” he says. “So our work was moving steadily east. And now we are going back and finding more and more projects on the west side, because these homes… Read more »
Bubble
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Bubble
Hyper-mega-Bull
Member
Hyper-mega-Bull

Chinese-American actress Crystal Liu has pulled Disney into the heated political fray surrounding Hong Kong’s pro-democracy and anti-police brutality protests.

https://www.hollywoodreporter.com/news/hong-kong-protestors-call-disney-boycott-mulan-star-voices-support-police-crackdown-1232216

disengage from china

Best place on meth
Member
Best place on meth

You can’t trust any mainlander, no matter what country they currently live in.

Selective Memory
Guest
Selective Memory

I’ve been reading this board for a long time, and that’s got to be one of the most dangerous bits of rhetoric I’ve seen.

Best place on meth
Member
Best place on meth

I’ve been reading this board for a long time, and that’s got to be one of the most empty, vague and meaningless statements I’ve ever seen.

Best place on meth
Member
Best place on meth

Beijing seeks loyalty from ethnic Chinese with foreign passports

http://www.ejinsight.com/20160503-beijing-seeks-loyalty-from-ethnic-chinese-with-foreign-passports/

Much has been said about China’s growing nationalism but little attention has been paid to its increasing assertion of something akin to sovereignty over ethnic Chinese who are citizens of other countries.

While this is particularly noteworthy in Hong Kong, it is also true in the United States, Australia and other countries.

What China wants is for foreign citizens of ethnic Chinese background to be loyal to the “motherland” – meaning China – regardless of their citizenship and to work to further the interests of China.

Selective Memory
Guest
Selective Memory

Instead of condemning every person of Chinese background wholesale, perhaps you should be supporting those willing to stand up against pressure from China.

Best place on meth
Member
Best place on meth

I would if I could find one.

franko
Member
franko

Anybody know what the problem is with Tellus Webmail???
The outage is into its 2nd day now with no explanation, and waiting time for phone inquiries are most likely into hours. This will be hard to accept without demands for compensation.

franko
Member
franko

The outage is now into its 4th day, and Telus claims it is a hardware problem. It so happens that Telus uses Huawei technology. What a surprise!

Best place on meth
Member
Best place on meth

Give meng meng some tools and send her over in a paddy wagon to fix it.

Hyper-mega-Bull
Member
Hyper-mega-Bull

locals are upset that they bought in or near the DTES and generification has stopped. now they are blaming VPD for the ‘hands off’ policy voters and locals once whole heartedly supported.

southseacompany
Member
southseacompany

”A reawakening’: Canadian home sales rise for fifth straight month as mortgage rates decline”, Financial Post

https://business.financialpost.com/real-estate/mortgages/canadian-home-sales-rise-for-fifth-straight-month-as-mortgage-rates-decline

“Homes sales across Canada rose for the fifth consecutive month and recorded a double-digit increase compared to a year ago in part aided by interest rates, according to the Canadian Real Estate Association”

“However, sales in Vancouver and Toronto, the two largest domestic markets, remained “well below” the levels achieved before mortgage stress tests were introduced last year, the association said.”

southseacompany
Member
southseacompany

“If There’s a Recession, It Will Be Made in China”, Bloomberg

https://www.bloomberg.com/opinion/articles/2019-08-16/if-there-s-a-recession-it-will-be-made-in-china

” In order to weather the Great Recession, China shifted its focus from export-oriented manufacturing to domestic real estate and infrastructure, and from private companies to state-owned enterprises. That probably caused productivity growth to slow. Meanwhile, China’s working-age population is now shrinking and its supply of surplus rural labor has dried up. ”

” The trade war is threatening to open a rift between China and the rest of the world economy. Tariffs have global manufacturers scrambling to move production from China to countries such as Vietnam and Bangladesh. “

xyz
Guest
xyz

CANADA CHINA TRADE TARIFF GAP

The Chinese market for many Canadian-made manufactured goods is being blocked by a high tariff wall, which makes the cost of these products prohibitive for Chinese consumers. For example, MO851, a Montreal-based maker of luxury leather goods, has opened a boutique in Beijing, hoping to cash in on the huge Chinese consumer market with a taste for luxury goods. A bag that retails for $465 in Montreal, costs 90 per cent more in Beijing due to tariffs, taxes and luxury taxes.[

http://www.bcchamber.org/policies/canada-china-trade-tariff-gap

I’d like to see the more of the Canadian media talking a lot more about the above tariffs, rather than the one dimensional bashing of Trump.

No Moderated Posts
Guest
No Moderated Posts

More than one-third of Metro Vancouver condos aren’t occupied by owners

https://www.burnabynow.com/real-estate/more-than-one-third-of-metro-vancouver-condos-aren-t-occupied-by-owners-1.23856163

The CoV number is 46 %

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

Old link, already discussed.

Oracle
Guest
Oracle

Now what percentage of those landlords are collecting cash rent or not declaring rent income?

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

What income?

Best place on meth
Member
Best place on meth

We’re #112!! We’re #112!!

Woooooo…..go Vancouver!

Gonna get a big fat foam finger with #112 emblazoned on it and wave it around all over town.

Wooooo!! Fuck yeah!

paulb
Member

Am away on vacation so here is the full week

New
865
415
Sold
519
TI:14706

http://www.clivestevepaul.com

http://www.instagram.com/clivestevepaul/

VanRant
Member
VanRant

Thank you paulb!

Oracle
Guest
Oracle

Thank-you Paul.

Big Bear
Guest
Big Bear

That has to be illegal. CoV dropping the ball big time: https://www.airbnb.ca/rooms/35460289

Bubble
Guest
Bubble

The owner has been trying to flip this lot for 4 years (it has been empty). Not sure how much “foreign buyer tax”, “empty house tax” “speculation tax” and “school tax” to pay.

5988 NEWTON WYND, UBC Vancouver

2018-Nov-20 Listed $9,980,000 R2323953
Royal Pacific Realty Corp.
2018-Nov-13 Terminated $11,280,000 R2233632
2018-Jan-22 Listed for sale R2233632
Royal Pacific Realty Corp.
2018-Jan-15 Terminated $11,380,000 R2177902
2017-Jun-11 Listed for sale R2177902
Royal Pacific Realty Corp.
2015-Mar-01 Sold $7,790,000 V1096811
2014-Dec-15 Listed for sale V1096811
Homeland Realty

patriotz
Member

No empty house tax as it’s not in City of Vancouver. Current assessment $7,735,000 is down about $1.5 mil from previous year.

YVR
Guest
YVR

Rents up almost 10% in the last 3 months. Wow what a disaster for the NDP flunkies and anyone who rents in Vancouver.

https://www.vancouverisawesome.com/2019/08/16/two-bedroom-apartments-vancouver-2/

YVR
Guest
YVR

Wow May to August rents went up from $2915 to $3049. The biggest rent increase in Vancouver history. Go NDP go.

“Rentals.ca has released its National Rent Rankings report for August 2019, and Vancouver was ranked the most unaffordable city again. The average monthly rent for a two-bedroom apartment in Vancouver costs a staggering $3,049, while a one-bedroom costs a steep $2,208. In may, the average two-bedroom cost $2,915.”

Selective Memory
Guest
Selective Memory
Rents are detaching from local incomes. Did you miss the article posted recently about one-third of Vancouver homeowners helping their children pay the rent? One-third! That’s almost certainly a more significant factor than AirBnb, vacant houses, foreign property hoarding, or any of the other factors affecting rental stock that are frequently discussed here. Homeowners with inflated property values are driving up rents past what local incomes can afford — it’s a spill-over effect from the property bubble. The NDP are trying to deflate that bubble, which will ultimately reduce rents. By contrast, the BC Liberals’ endless real-estate pumping helped bring us to this toxic state. BTW , the stats you cite in this post indicate an increase in 2BR rents of 4.6% over a 3-month period. Your preceding post from the same source said month-over-month rents for 2BR’s had jumped… Read more »
Oracle
Guest
Oracle

Just leave it. These minions will one day have to move and then will realize they’re homeless.

$2000 rents common even in Surrey now.

Oracle
Guest
Oracle

And Fuck the NDP for being liars. Hope they’re out of a job.

Vancouver is lost. We have Chinese flags everywhere today.

Selective Memory
Guest
Selective Memory

Chart shows 2BR rents are up 9% in Vancouver. Same chart shows 1BR rents are up 1.9%. Which stat you going to cherry-pick?

Same chart shows rents in Saskatoon are down 10-11% this month. Does that mean the Saskatchewan government is doing a fabulous job? Landlords might not think so.

Maybe there’s too much noise in monthly rental changes to come to any firm conclusions.

YVR
Guest
YVR

A 1.9% increase over 3 months is still a disaster. Close to 8% annual rent increase for 1 bedrooms and 40% for 2 bedrooms. The last 2 NDP governments had the premier resign in disgrace. Hogan is next.

xhistory
Guest
xhistory

I was told a story today about a guy who started out with a banana, and eventually, after a few years trading, obtained a house. It was on YouTube, and the guy kept on putting up videos showing his trades.

bullwhip29
Guest
bullwhip29

Duelling Hong Kong protests in Vancouver shut down major intersection near city hall
https://globalnews.ca/news/5779842/vancouver-hong-kong-protests/

Best place on meth
Member
Best place on meth

Damn, I wish I had known about this.

I would have shown up with a giant Taiwanese flag.

xhistory
Guest
xhistory

Just show up Meth, and sell to both sides

Best place on meth
Member
Best place on meth

No, I want to wave that Taiwanese flag in the faces of the mainland cunts and give them the finger as I walk by.

How dare they wave that disgusting commie flag on our soil, it’s as bad as waving Nazi flags.

Pigs.

xhistory
Guest
xhistory

Wave a UK flag, or German, Portuguese, Japanese, USA, Philippines, Spanish.. do you get it yet? Can you even wave a French-Canadian flag? That’s who lives on Anywhere street, BC. Quebicastani, Canada

Best place on meth
Member
Best place on meth

All flags from free countries are welcome.

That toxic piece of shit Nazi flag from the People’s Shithole of China should be confiscated, ripped to shreds and burned on sight.

Anyone displaying it on our soil deserves a punch to the throat.

Fuck you, china.

xhistory
Guest
xhistory

Yeah, rant on… Funny how I hear Nick Mason play the cowbell at the Pink Floyd concert

Oracle
Guest
Oracle

You sound like another CCP scumbag.

xhistory
Guest
xhistory

Vacuum cleaners, used cars, roofs, here’s one .. go to an AA meeting, and a bunch of drunk guys will say he stole your money for booze, but a drug addict will say ‘let me help you find it’

Oracle
Guest
Oracle

I’ll be checking tomoro where such protest happen. Everyone, keep each other informed and make your way out there.

Let’s shut the CCP and it’s agents down in Canada.

Oracle
Guest
Oracle

Mainland Chinese students are threatening democracy protests. People, now is the time to mobilize against this threat. Be aware where tomorrow’s protests are and let’s show this commie assholes what country they are in.

Don’t be so timid Canadians!!

Piss on China!

xhistory
Guest
xhistory

Douglas Adams, hitch-hike across the galaxy, and the best he could say to the Answer, why are we here? Was 42.

He was born in in 1952, and 42 years later I showed up in BC.

xhistory
Guest
xhistory

…. to Work

Hyper-mega-Bull
Member
Hyper-mega-Bull

Communist Chinese rally downtown Vancouver

https://streamable.com/i7khs

Best place on meth
Member
Best place on meth

Die Nazi scum!

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Driving around Vancouver and Richmond……still lots of multi-family construction.
So…….whats up ?

IMHO Developers will roll the dice and trap pre-sale buyers into completing…
This will result in a bull trap….and delay the long overdue but inevitable correction.
Pre-sale buyers are shitting pants as their pre-sale is dropping in value.

Crystal Ball:
Many landlords by default…rents will collapse.
Flooding of the market by desperate sellers.
Banks lower interest rates…..to no avail.
SHTF in unprecedented proportions.

No Moderated Posts
Guest
No Moderated Posts

My opinion is the financial system is on the verge of complete collapse. Interest rates can’t get any traction and the debt loads at all levels everywhere are increasing rapidly. And the only way to keep this financial ponzi scheme going is for more debt. Following this all through to it’s logical conclusion points to a collapse via massive deflation once the debt gas-bag blows.

No Moderated Posts
Guest
No Moderated Posts

or worst-case scenario, a debt jubilee or some devaluation of currency both of which would benefit those with hard assets and a lot of debt while savers and investors would get totally screwed.

MTADTA
Guest
MTADTA

Debt jubilee? Are you are read of Stansberry Research? They have been using that term for sometime now.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Unclear why many here give a shit for Hong Kong .

It has always been an artificial construct on borrowed time.
The Chinese were royally f*cked over by Britain during the Opium Wars.
Hong Kong’s creation is a direct result of that.
It was the West that injected Communism onto the Mainland.

Hong Kongers have known for decades their gravy train gig would come to an end.

What has the rest of the world gained……NOTHING….we became addicted to the first wave of Chinese $$$$…followed by a 2nd….which seriously skewed global economies and nations sovereignty.

Sooner Mainland China takes over Hong Kong the better.

Best place on meth
Member
Best place on meth

The Chinese were royally f*cked over by Britain during the Opium Wars.

Who cares what happened 150 years ago?

Besides, the chinese were fucked over even worst by the communist party. At least the British didn’t kill 50 million of them but the dumb fucks who inhabit that country today are ok with the mass murder, starvation and torture inflicted on them by fellow chinese which is why I have zero respect for them and consider them barbarians.

The past means nothing, the present is everything and they’re still presently being abused by the communists and seemingly loving every minute of it.

Fuck china\, they’re idiots.

No Moderated Posts
Guest
No Moderated Posts

Turd has an apology for all that …

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Actually…..the Brits…both directly and indirectly are culpable for the deaths of 10’s of Millions of innocent people.

Since Opium Wars…NYC and City of London Bankers pull Beijing’s strings….don’t fool yourself.

xhistory
Guest
xhistory

I may agree with you but I’m worried about my Social Credit Score and threats regarding loyalty and sedition.

No Moderated Posts
Guest
No Moderated Posts

Vancouver renter says he was evicted without notice

https://www.citynews1130.com/2019/08/18/evicted-without-notice/

I wonder who his LL is … ?

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Gregor Robertson?….John Horgan? …… Jean Swanson ?
……..How many more guesses do I get?

bullwhip29
Guest
bullwhip29
Bag it and tag it
Member
Bag it and tag it

The only extreme measure they won’t try is the only one that will lead to a healthy recovery….which of course is taking no measures at all and let the crash run its course.

No Moderated Posts
Guest
No Moderated Posts

The debt based economic system is fundamentally flawed. We can’t have expanding growth based on ever higher debt loads forever; it’s just not sustainable. It’s why the debt system needs inflation, to retire that debt over time but the overall debt has been growing faster than inflation for years now.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Such systems inevitably collapse….low interests rates are their last gasp…..no more wriggle room.

Dave
Member

Is there really a precedent for this? Maybe it’s because technology is fundamentally deflationary. What should interest rates and debt ratios be in such a world?

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Simple…

It’s called the miracle of compound interest…..
The alleged debt becomes impossible to repay in a relatively short time period.
The perpetrators then unleash inflation…the last gasp is low interest rates…

The can kicked down the road hits this big tall wall.

Only option is a “Jubilee”.

No Moderated Posts
Guest
No Moderated Posts

Technology is part of it; because of technology the economy has become too “efficient”, plus the advent of globalization has kept wages too low in comparison to the amount and cost of money that’s available. When the economy was localized, central banks used to be able to mostly control the economy by manipulating interest rates, but with globalization and manufacturing and jobs moving to other economic jurisdictions the CBs lost a lot of their economic control.

bullwhip29
Guest
bullwhip29
Shit It Down Already (original)
Guest
Shit It Down Already (original)

Probably some driver from China that that made a wrong turn..ended up in Australia.

bullwhip29
Guest
bullwhip29

Bus with Chinese tourists rams into pole in the east of Moscow, 15 people injured
https://en.crimerussia.com/gromkie-dela/bus-with-chinese-tourists-rams-into-pole-in-the-east-of-moscow-15-people-injured/

bullwhip29
Guest
bullwhip29

The world’s biggest recruiter of high-roller Chinese gamblers, Suncity, is dramatically scaling back its Australian operations after revelations of its alleged links to organised crime
https://www.theage.com.au/business/companies/suncity-to-shut-its-australian-casino-high-roller-rooms-after-reports-of-crime-links-20190816-p52hvr.html