Friday Free-for-all! October 11th 2019

It’s the end of another week and that means it’s time for another Free-for-all open topic discussion and news round up for the weekend.

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

Vancouver prices falling
Without housing we’d be in a recession
Suburban dream a debt filled nightmare
Canadas debt-monster

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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avril
Guest
avril

60 homes sell on the west side of Vancouver and suddenly the real estate cartel is bragging that Greater Vancouver sales have increased by 24% or was it even higher? What a bunch of spinners.

trackback

[…] –CRA looks to credit card receipts to find cash cheats–No return of $2mil in money laundering case–Burnaby tax on landlords–Your real estate agent hates you–Real estate market returning to equilibrium– […]

Best place on meth
Member
Best place on meth

Tomorrow’s a good day to test out that pepper spray you’ve had in storage for years to see if it still works.

https://globalnews.ca/news/6043826/extinction-rebellion-vancouver-march/

Bestplaceonearth
Guest
Bestplaceonearth

I hope they still works and people do actually use them.

paulb
Member

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

Bubble
Guest
Bubble

ReMax home price estimator seems doing a decent job:
https://www.remax.ca/home-estimates-canada

You need to login to use, and it gives a reasonable range of prices, e.g. a $700,000 condo is given $670,000 ~ $730,000
Try it.

aaa
Guest
aaa

Found a video of Shut It Down Already (original) trolling online

https://streamable.com/wb4s1

Best place on meth
Member
Best place on meth

He’s one of the tougher guys in the PLA. The other recruits call him “Rambo”.

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

It surprises me not that you’re dumb enough to click random links provided by strangers.

Oracle
Guest
Oracle

I’m back. After doing a lot of work on the election issue.

I hope the whiners here did the same. If you kept only posting on this site, then you’ve failed. You needed to get engaged.

In 4 days we shall know the direction of Canada. Trudeau wins then expect the entire lower mainland to price out locals. Can’t happen? Just wait.

Immigration will soon be raised to 400,000 per year. That’s about 100,000 to the lower mainland each year.

Good luck.

Oracle
Guest
Oracle

I’ll keep you posted to as why this was the most important election Canadian history.

All any party has to do next election is promise the millions of recent immigrants here complete and total family immigration and along with Quebec, that will guarantee victory perpetually.

The only wildcard going forward is whether Alberta separates. Taking The prairies with it.

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

Those same immigrants are going to be paying for your EI.

Oracle
Guest
Oracle

I’m not upset SIDA. I’m against mass immigration primarily cause of housing. And having the old culture thrown back onto us.

If the whites vote in Trudeau, then so be it.

BUT, we will want Indian regions across Canada. Fraser Valley will become dominant Indian and we will demand our holidays and customers here. No negotiation.

And dual citizenships.

We will want housing structures changed to accommodate extended families.

What these whites don’t understand is that real change is coming. They’ve been played for fools.

Oh well.

Best place on meth
Member
Best place on meth

But to be against mass immigration is “racist” and “xenophobic” according to limp wristed far left cocksuckers like Turd and Jag.

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

That’s not why you’re a racist. But you knew that already.

Oracle
Guest
Oracle

Plus SIDA, the Asian can stay north of the Fraser. That’s already happening. There will be no culture mixing. We both know that but let the locals believe these fairy tales. Lol

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

Actually, I suspect the intersection between things “we both know” is quite small.

Oracle
Guest
Oracle

And your sphere which I don’t know is much smaller than my sphere which you don’t know.

Your sphere probably involves the terms “free salt” “money laundering” “eating dogs” and the like.

Sorry. Don’t know that.

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

That proves my point quite nicely, thank you.

Doomcouver
Member
Doomcouver

CRA combating underground economy with Home Depot purchase records
https://globalnews.ca/news/6036682/cra-underground-economy-home-depot/

YVR
Guest
YVR

What a dumb idea. Does CRA believe those who do cash home improvement deals pay for their supplies by credit card? Makes no sense. If you accept all cash you pay for supplies in cash which home depot would not have a record of who paid it. Those who pay for the supplies by credit card can use that as an expense to offset claimed income plus they get a GST credit. No reason to hide it. Like there is not enough low hanging fruit for those evading taxes. Just randomly audit any home owner with a house worth over $5 million which was bought in the last 5 years.

Oracle
Guest
Oracle

This is to appease the dumb locals.

Screwed
Guest
Screwed

Recession odds in Canada’s crude, condo and cannabis economy
If a recession does come, it “could actually be a lot more severe than people think,” according to David Wolf, part of the asset allocation team at Fidelity Investments Canada.
“The reason for that is it’s most likely to come from abroad,” Wolf said, adding that it could result in Canada’s first credit-cycle retrenchment since the early 1990s.
Wolf said he’s underweight the Canadian dollar and expects to see a “pretty significant depreciation in the currency” over the medium to long term.
“Canada actually stands out for us as being one of the more vulnerable economies despite what looks like a pretty good environment right now,” Wolf said.

xhistory
Guest
xhistory

Fidelity Investments TV commercial today, during a Chiefs – Broncos NFL match .. a young woman singing “Blue Skies” in the background.

paulb
Member

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http://www.instagram.com/clivestevepaul

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

20K party!

YVR
Guest
YVR

Retarded parrot!

Best place on meth
Member
Best place on meth

If only that worthless piece of shit was in a cage.

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

And I’m sure you know exactly how that feels in your $1500/month palace.

YVR
Guest
YVR

Better to pay $1500 per month in rent than $4000 for a mortgage, $500 for maintenance fees and $200 for property taxes along with what ever the strata assesses you for a similar dumpy place. That is a lot of starbucks shifts. How is your road to riches coming?

Oracle
Guest
Oracle

Just too much immigration.

Couple that with a dumb populace voting against their own self interests.

I’ve given up educating others about the true cause of high housing prices only to be ridiculed. Fuck them. If Trudeau wins, let’s these people end up on the streets. They had their chance to listen.

Laibach
Member
Laibach

Where is Justin?

Ben Cook, who gave Ed Sheeran his first record deal, has shocked the music industry by stepping down as president of Atlantic Records.
It comes after the executive admitted causing offense by dressing up as a member of Run DMC at a birthday party.

https://www.bbc.com/news/entertainment-arts-50067203

YVR
Guest
YVR

And the Drama teacher did it 3 times where he was photographed then lectured everyone world wide on how woke he is and bad they are. If someone photographs you doing something 3 times chances are you did it a lot more than that. Time for the Turd to resign.

bullwhip29
Guest
bullwhip29
Best place on meth
Member
Best place on meth

Good, let the Nazi Basketball Association know that some of us don’t approve of concentration camps.

Fucking lowlifes.

YVR
Guest
YVR

The NBA is just another bunch of left wing hypocrites who will do anything for money. Pure evil people.

aaa
Guest
aaa

Looking forward to seeing the counter protest. Would be nice if they were picked up by US cable news. One can only dream.

bullwhip29
Guest
bullwhip29

A B.C. Appeal Court has overturned a lower court decision to return $2 million in cash to the accused in B.C.’s biggest money-laundering case
https://vancouversun.com/news/local-news/b-c-appeal-court-overturns-decision-to-return-2-million-to-alleged-money-launderers

🙁

Doomcouver
Member
Doomcouver

Why the frowny face? Seems like good news to me.

SilentBob
Guest
SilentBob

Sounds like good news to me too, just don’t ask how much money has been spent prosecuting this case so far, let alone the final tally after all the appeals have been exhausted. Draconian though it might be, the Chinese criminal justice system has some advantages over ours.

Doomcouver
Member
Doomcouver

Well, that rule of law is there to protect innocent people. Just because it makes it less efficient to prosecute criminals doesn’t mean we should strip the protections is offers. I think it’s money well spent if we can send the message to money launderers that Vancouver isn’t “open for business” anymore.

bullwhip29
Guest
bullwhip29

Conservative candidate Kenny Chiu is thankful for being able to reunite with his dog after his home was broken into on Thanksgiving Monday
https://www.richmond-news.com/news/kenny-chiu-reunites-with-dog-after-break-in-1.23977913

Chiu returned to a “ransacked home” after attending a volunteer appreciation Thanksgiving dinner

The home’s security features were destroyed and disabled

the same RCMP officer who showed up to the break-in call had also attended to an earlier report of a wandering dog in the neighbourhood

his two daughters, his wife and his 82-year-old mother were not in the house to face the thieves

>>> timing and circumstances way too convenient. I call BS on this story…

xhistory
Guest
xhistory

Timing and circumstances, and the purpose of a yellow vest in a vehicle.

Last year at this time, my car broke down in Clearwater, BC, not just once but a couple of times. I put the Safety vest on and walked to where I had to go,.. just in time for the big raze that was percolating and coming to a boil in Grande Prairie, across the border. People on tv were wearing yellow vests to signify their protests, and I’m walking around town attempting to get my van up and going. So it was bizarre. Here they are at the YellowHead roundabout yellowvesting. Here I am getting an RCMP klaxon blown at me as I walk to city hall.

Just thinking
Guest
Just thinking

Same as Trudope wearing a bulletproof vest… timing is suspect … to make him look like he’s brave…

franko
Member
franko

” Same as Trudeau wearing a bulletproof vest ”

Or donning a hard hat and yellow jacket while slimeball Gerry Butts tries to link Scheer to the Yellow Vest movement for shaking hands with an enthusiastic construction worker wearing a customary required safety vest.

Dave
Member

That sure backfired on Butts. If you asked 10 people about the Yellow Vest movement, I bet only 1 or 2 would know what it is and bet almost none would associate it would some type of racist movement. The image of Scheer with a blue collar worker is a good visual for him. The Liberals are the ones looking like elitists, which I believe it the case.

JT sucks
Member
JT sucks

If you asked 10 people who Gerald Butts is, I bet that only 3 or 4 would know that he has been our real Prime Minister for the last 4 years. Sadly, Justin is just a clueless puppet while Butts is the most devious shameless sleethebag in politics.

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

But of course you do.

paulb
Member

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http://www.instagram.com/clivestevepaul

Just thinking
Guest
Just thinking

Burnaby’s new tax on landlords is class warfare that will backfire

https://www.burnabynow.com/opinion/your-letters/letter-burnaby-s-new-tax-on-landlords-is-class-warfare-that-will-backfire-1.23976651

“I currently earn significantly less than a one-per-cent rate of return (before tax) on my rental house in South Burnaby and this new $570 annual fee will further decrease my return. At some point, it fails to make any economic sense to continue.”

too bad and so sad. I get a kick out of these speculator landlords who cry about having to pay more for city services for their “investment” properties. All the while creating artificial demand for properties and driving up the prices for everybody.

Bestplaceonearth
Guest
Bestplaceonearth

Then just don’t cry foul when receiving a rental increase notice. Someone has to pay for these greedy government taxes. The landlords will not ignore that annual 2.5% anymore.

Just thinking
Guest
Just thinking

or they will just eat it like this speculating LL will do …

Doomcouver
Member
Doomcouver

Yeah landlords haven’t been able to get a decent rental yield since the ’90s. They’ll have to eat the cost of this tax just like they eat the cost of everything else. They’ll do it because they’re expecting a windfall in capital appreciation every year. It’s not sustainable and these amateur landlords will dump their inventory on the market en-masse when the common narrative shifts to a bear market.

Joe Money
Guest
Joe Money

Seems like nobody told this Burnaby landlord that, in this century’s market, nobody makes money from renting out a home… they make money solely from the appreciation of the home price.

Just thinking
Guest
Just thinking

AKA speculator…

Doomcouver
Member
Doomcouver

Let’s just be honest, almost all home-buyers in Canada in the past 2 decades are speculators.

Bestplaceonearth
Guest
Bestplaceonearth

Aren’t we all speculators! The renters have speculated on the government freebies. How has it worked out for them?

Doomcouver
Member
Doomcouver

I think you’re right most people are speculators. Bears know they’re speculators. Most bulls don’t think they’re speculators though, they’re “smart investors”.

YVR
Guest
YVR

The government on one hand is providing subsidies to multi family rental buildings by reducing development levies but with the other hand they are increasing taxes on individual landlords through schemes like this and through higher property taxes (no home owners grant). Sucking and blowing. Do they want more rentals or not? We now have the lowest vacancy rates in the country coupled with the highest rents which are increasing at triple inflation. What a disaster.

Just thinking
Guest
Just thinking

This is the City of Burnaby not the provincial government.

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

What a tool.

KickThemOut
Member
KickThemOut

HK police needs to stop the brutality against freedom protesters…even God has deemed them unworthy and beyond saving. Continue in their brutality and God will slowly exact his vengeance one by one until they are all purged from HK.
https://www.nytimes.com/2019/10/13/world/asia/hong-kong-protests-face-masks.html

KickThemOut
Member
KickThemOut

We need some democracy freedom fighters here…the skytrain stations need a serious remodel

Laibach
Member
Laibach

Meanwhile, the unprecedented deterioration of everything around goes on…

Richmond needs multi-lingual dog poo signs and more dog poo clean-up signs.

https://www.richmond-news.com/opinion/letters/letter-richmond-needs-more-dog-poo-clean-up-signs-1.23967395

Just thinking
Guest
Just thinking

Dog owners and smokers are the worst for messes…

Just thinking
Guest
Just thinking

https://www.cbc.ca/radio/thecurrent/this-b-c-woman-lodged-hundreds-of-911-complaints-about-the-homeless-now-she-s-advocating-for-them-1.5148621

The Allens and their two sons, who were 7 and 10 at the time, moved into their home on Gladys Avenue, near Highway 11 and S Fraser Way, in September 1989.
Fifteen years later, the Salvation Army Centre for Hope moved into the space next door, and she says the family’s “life changed overnight.”
They tried to move, but couldn’t sell the house for the amount they paid.

So because they overpaid in 1989 when the market was in a bubble they couldn’t get what they paid when they tried to sell 15 YEARS LATER at the bottom. See how long the market can languish?

‘Helping these people way outweighs what I lost,’ Peggy Allen says

ya I don’t think so…. she just got Stockholm syndrome.

xhistory
Guest
xhistory

Many branches can be pruned from this article. The financial branch, the human psychology branch, even a pattern common to a stock chart is here. Thanks for posting this. There’s Hope yet, for CBC.

Just thiking
Guest
Just thiking

The wealthy are fleeing Hong Kong and bypassing the U.S. to come to Canada instead

https://business.financialpost.com/personal-finance/high-net-worth/the-wealthy-are-fleeing-hong-kong-and-bypassing-the-u-s-to-come-to-canada-instead

Under Prime Minister Justin Trudeau, the country has aggressively wooed immigrants. Its Global Skills Strategy program, for example, offering temporary work permits to applicants in as little as two weeks, has lured about 40,000 workers and their family members over the past two years.
Canada is also popular, Hu said, especially for clients who want to follow family members who previously emigrated there.

consider this when voting on October 21.

Bubble
Guest
Bubble

We are baaaaack! (bought $5.62 million, listed $5.57 million)

1690 WESTERN PARKWAY (UBC UEL)

2019-Sep-06 Listed $5,567,000

2019-Sep-01 Expired $5,587,000
2019-May-31 Listed $5,587,000

2015-May-12 Sold $5,620,000
2015-May-05 Listed $5,588,000

xhistory
Guest
xhistory

Impressive story on David Eby, by Bob Shaw, Vancouver Sun, October 13 Sunday edition of the Times-Colonist.

I’m going to Meditate on it. This piece is a tour de force, rich with code

bullwhip29
Guest
bullwhip29

Foundations for what looks like a concrete wall have been laid in front of an 18,000-square-foot mega-mansion on No. 2 Road in Steveston, eliciting anger from farmland advocates
https://www.richmond-news.com/news/wall-going-up-on-steveston-farmland-irks-agriculture-advocates-1.23975732

bullwhip29
Guest
bullwhip29

well, it would seem that at the end of the day, the decision on how (or if) the Massey tunnel replacement proceeds will boil down to real estate values…imagine that
https://vancouversun.com/news/local-news/massey-tunnel-replacement-project