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Best place on meth
Member
Best place on meth

Landslide victory for the anti-china party in Taiwan, so soon after the landslide wins of anti-china candidates in Hong Kong elections.

It’s official, literally everyone around the world despises those worthless mainland vermin, even other ethnic chinese.

Istuary Innovation Group
Guest
Istuary Innovation Group
paulb
Member

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

asdf
Guest
asdf
southseacompany
Member
southseacompany

“How Real Estate Will Radically Change in the New Decade”, Robb Report

https://robbreport.com/shelter/new-construction/a-pin-in-the-bubble-how-the-real-estate-market-may-burst-in-the-2020s-2887703/

“After a roaring decade, real estate is looking a lot less promising in the 2020s.”

paulb
Member

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Werner Stein
Guest
Werner Stein

“Secondly, I thought it was only those nasty foreigners who were buying recently?”

Thanks for the slow pitch race card.

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

You’re simply clueless.

paulb
Member

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Werner Stein
Guest
Werner Stein

“You have no substance, kid. Seek help.”

Substance as in factual references?

How about the thousands of people who were affected by the drug overdoses.
Or the people whose lives were turned into chaos because of renovictions.
Or the neighborhoods stripped of a sense of community
Or the gang violence
Or the people murdered because of mistaken identity
Or businesses who can’t find skilled people because they can’t afford to live here.
Or the economic ruin that is about to fall upon those who bought in the last few years.

I guess to you, this is just acceptable collateral damage, that comes along with higher prices.
After all, the taxpayer will pick up the tab.

I know your rebuttal will consist of a personal insults. The facts are indisputable, so you will default to the name calling and boorish language.

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

“Or the economic ruin that is about to fall upon those who bought in the last few years.”

First of all that’s your opinion – not fact.

Secondly, I thought it was only those nasty foreigners who were buying recently? Isn’t that what the idiots claim?

Bestplaceonearth
Guest
Bestplaceonearth

Don’t want to see those? Move to your text book perfectly functional economy that produces wheat and barley only.

Don’t want to have drug overdosed? Don’t get high. You get the grief with the rest.
Stop blaming the external factors.

Take control of your own life! It is just that simple. Pride, ego, complacency and self-claim achievement don’t pay rent or finance a mortgage. Real jobs and hard work do!
Grow out of your textbook and theory, kid.

There must be a help line at your school that one can call for guidance. Google it.

Werner Stein
Guest
Werner Stein

“Eat or be eaten, it’s a bittersweet reality in the grown up world.”

I gather some people are stuck at the survival stage. It takes all they have, and higher achievements are beyond their reach. Self-preservation, trumps civic obligation.

Fairness and economic justice are just abstract nonsensical meaningless social constructs for these lost misguieded land barons.

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

Hush now, Wiener Troll.

bestplaceonearth
Guest
bestplaceonearth

You have no substance, kid. Seek help.

asdfasdf
Guest
asdfasdf
Werner Stein
Guest
Werner Stein

“People around you move up the food chain”

Interesting choice of words.
Supports my theory of the reptilian brain at work, that sees the world as:
” eat or be eaten”

Bestplaceonearth
Guest
Bestplaceonearth

Eat or be eaten, it’s a bittersweet reality in the grown up world. The sooner you adapt, the better for you, kid.
Don’t come up with another theory that you can’t capitalize on.

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

Learn to use the reply button for fuck’s sake.

Bestplaceonearth
Guest
Bestplaceonearth

“…working theory.”

If this theory justifies your inaction to being priced out, it’s clearly working.
People around you move up the food chain, you are stuck at the bottom with all the fancy theories, of which you got no control over.
What else can you come up with!

paulb
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Werner Stein
Guest
Werner Stein

The economics of the bubble is simple to understand: Crank out lots of liquidity, boost the velocity of money, and bingo you have asset inflation, and the wealth effect does the rest.
Throw into the mix the crooked politicians and money laundering criminals to aid as an accelerant, and you have the mother of all bubble.

What is more complex, and interesting is the deviant psychology it produces. I noticed how aggressive and belligerent some of the posters become at the mere mention that their “hard earned “equity will eventually disappear into the same nothingness it came from.

The vestiges of their reptilian brain go into overdrive. I think it’s because their self-worth is so closely tied to their inflated home values, they cannot accept the return to their diminutive status.

Just a working theory.

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

You never replied after you were shown how easy it is to find past posts after all that bleating of yours – so you can climb down off that high horse, imbecile.

patriotz
Member

$1 and $2 property assessments confirm worst fears for residents of sinkhole-plagued B.C. neighbourhood

“Million dollar oceanview homes in a sinkhole-plagued area of Sechelt on the Sunshine Coast are now worth a toonie while nearby undeveloped plots that previously sold for hundreds of thousands of dollars are now valued at a mere loonie, according to B.C Assessement. “

Dave
Member

Typical media dirtbags.

That’s not what BC Assessment is saying. They’re assigning $1 to each property because they cannot be occupied and hence there is no methodology for them to put a valuation on the land.

Market value is obviously much higher, but until it’s put to the market, nobody knows. But that doesn’t get headlines.

patriotz
Member

“That’s not what BC Assessment is saying.”

In fact that’s exactly what they are saying. Look at the screenshot. It’s entirely possible that the properties might sell for more at some time in the future, but it’s also entirely possible that they will never be buildable and therefore worthless.

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

Isn’t the $1 value to ensure that they only pay minimal property taxes?

aaa
Guest
aaa

Restaurant owner steals eight dogs in two hours by killing them with toxic darts to prepare ‘dog hot pot’

https://www.dailymail.co.uk/news/article-7830077/Restaurant-owner-kills-steals-eight-dogs-two-hours-toxic-darts-prepare-dog-hot-pot.html

southseacompany
Member
southseacompany

Nice graph on Steve Saretsky’s site. I didn’t realize monthly sales for detached have dipped lower than in ’08/’09.

https://stevesaretsky.com/greater-vancouver-detached-sales-bounce-72-in-december/

southseacompany
Member
southseacompany
“Letters to The Province, Jan. 6, 2020: Home devaluation doesn’t pass the stress test” https://theprovince.com/opinion/letters/letters-to-the-province-jan-6-2020-home-devaluation-doesnt-pass-the-stress-test “A neighbour told me a story that I’m sure will affect thousands of recent homebuyers due to the massive devaluation in home values for 2020. He borrowed $200,000 on his property last year and gifted that to his daughter for her use in purchasing a small house for $1 million. With the new stress test last year she and her husband barely qualified for the $800,000 mortgage. They chose a one-year term as they wanted to renegotiate a longer term this spring. “Now imagine the mortgage company’s reaction when they discover the $200,000 in equity is gone. The father is now $200,000 in debt and both he and his daughter have lost this amount of equity in their respective properties. The daughter might lose her… Read more »
Projection
Guest
Projection

They don’t have to go through another stress test nor qualification if they simply extent the existing mortgage.

Oracle
Guest
Oracle

This comes up every year. Too many dumb people out there.

You only need to qualify when you buy he house. Doesn’t matter if your 20% underwater in 5 years. You can still renew.

Like I said. Too many dumb people.

patriotz
Member

But the equity is now under 20% so the lender will likely demand that they get mortgage insurance, which has its own set of qualifications. Even if they qualify they will have to pay for the insurance.

Oracle
Guest
Oracle

Wrong. I explained this to you 5 years ago. And yet you post drivel.

Ad Hoc
Guest
Ad Hoc

the lender may want them to make up the difference.

Projection
Guest
Projection

There is no re-testing, so I am not sure about the lender demanding anything. The bank wants them to keep paying, not walk away.

Ad Hoc
Guest
Ad Hoc

how under water are you? will you keep paying? you’d better keep paying…

Bestplaceonearth
Guest
Bestplaceonearth

He will sure keep paying for the next five years,
then he will be mortgage free with clear title.

Where will you be in five years, kid?

southseacompany
Member
southseacompany

“CEO of Canada’s biggest bank calls for caution as Ottawa considers adjusting mortgage stress test”, Financial Post

https://business.financialpost.com/news/fp-street/ceo-of-canadas-biggest-bank-calls-for-caution-as-ottawa-considers-adjusting-mortgage-stress-test

“The chief executive of Canada’s biggest bank says the federal government need to exercise caution as it considers adjusting the mortgage stress test that has loomed over the housing market and rankled the real-estate industry.”

southseacompany
Member
southseacompany

“Detached-home market recovery may be slower than predicted: analyst”, Vancouver Courier

https://www.vancourier.com/sports/detached-home-market-recovery-may-be-slower-than-predicted-analyst-1.24046837

“Experts differ on year ahead for B.C. property market, as real estate analyst predicts “rough year” for Metro Vancouver’s single-family homes”

southseacompany
Member
southseacompany

“Outlook 2020: Property market faces uncertain year”, Business In Vancouver

https://biv.com/article/2020/01/outlook-2020-property-market-faces-uncertain-year

“If real estate investors were to make some resolutions for the new year, analyst Dane Eitel might suggest exercising wariness amid forecasts painting an optimistic picture for the B.C. market. After all, some organizations may not have a vested interest in sounding an alarm over bleakness ahead, he said”

“While industry has been touting a recent bump in sales (up 88.1 per cent year-over-year in December,, “the purchasing that has been going on here the last two quarters or so is largely stress test mitigation-based,” Eitel said.

DaMann
Member
DaMann

“the purchasing that has been going on here the last two quarters or so is largely stress test mitigation-based,”

What does he mean by this?

southseacompany
Member
southseacompany

Home prices have fallen the equivalent of the stress test ‘buffer’, allowing some people to buy homes they previously could not have qualified for.

DaMann
Member
DaMann

ok got it. Thanks!

Werner Stein
Guest
Werner Stein

“I feel so generous giving a nasty kid like yourself so much tips.”

No thanks, I don’t care much for your generosity.
I find your potty mouth , and boorish manners quite despicable, and repulsive.

Bestplaceonearth
Guest
Bestplaceonearth

Same Right back at you, plus quite pessimistic to the point of boring.

Ad Hoc
Guest
Ad Hoc

“point of boring” says the most repetitive poster. that’s irony.

Bestplaceonearth
Guest
Bestplaceonearth

Without posts like mine, this blog is full of whining and moaning. So, you are welcome, kid.

Ad Hoc
Guest
Ad Hoc

I think it would be okay without you.

Oracle
Guest
Oracle

Provincial Election coming in September.

Greens calling it after their convention in June.

Specuskeptic
Member

“Provincial Election coming in September.

Greens calling it after their convention in June.”

False. Unsubstantiated.

Oracle
Guest
Oracle

Oh and have you bought yet or are you now 35 and still waiting for the ‘crash’? Lol

Oracle
Guest
Oracle

Did you get another set of panties for Christmas you dumb snowflake?

Bestplaceonearth
Guest
Bestplaceonearth

The sooner the better.

Ad Hoc
Guest
Ad Hoc

NDP would easily win again.
NDP are doing a good job for the people and the Libs are nowhere now.

Oracle
Guest
Oracle

NDP failed on housing. The close ridings have rents up and prices on low end up since election. They will lose maple ridge and some surrey ridings. .

Specuskeptic
Member

“NDP failed on housing. The close ridings have rents up and prices on low end up since election. They will lose maple ridge and some surrey ridings. ”

[citation needed]

Oracle
Guest
Oracle

You are dense. You think they’re is a citation for everything on the internet? Hahaha

You probably sit in front the google all day trying to plan your life strategy.

Here’s a Hint that I know you’re going to ignore.

FOMO 2.0 in spring of inventory drops to 7K. But sorry, I can’t provide a citation on the internet for that. Hahaha

bestplaceonearth
Guest
bestplaceonearth

Some individuals can’t survive without referring to what the books teach them…and repeat from another sources, regardless of how credible and pessimistic the sources are. They do not know how to come up or form personal opinions; it’s too weak of a character. No wonder they trail behind!
Grow a pair, take the lead, don’t be a follower.

Ad Hoc
Guest
Ad Hoc

It’s more fun to just make up stuff isn’t it ?

Oracle
Guest
Oracle

I disagree. We pulled out all the stops for the NDP last election and still fell short in the popular vote. This time the urgency to get rid of CC is not there.

paulb
Member

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Oracle
Guest
Oracle

Damn.

I can see FOMO 2.0 in a few months.

What were the numbers at this time last year?

Bestplaceonearth
Guest
Bestplaceonearth

TI had to be close to almost 10k this time last year.

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

Almost exactly 10K. It’s not hard to check.

Werner Stein
Guest
Werner Stein

“You have no clues why the developers pulled out of this market.”

You are suggesting that the developers have no confidence in the future of real estate in BC.
But you have a great deal of confidence, as you stated in earlier posts, that prices have started to recover.
What superior knowledge do you have that the developers do not?

Please share.

“Good luck with your text book education. All the money wasted.”

Maybe you are right on that, who needs an education when you can be an omnipotent Google Wizard and a Reply button instructor.

bestplaceonearth
Guest
bestplaceonearth

You should ask for a refund from whatever school you go to. Or, your parents should stop financing your schooling; there is no ROI.
You just have to get out there and learn for yourself. Make acquaintances with a realtor or mortgage broker; these nice people might even give you free coffee and cookies. The bank loan officer won’t bite. Go to sale center, learn who is buying what. Start networking, don’t hide behind a monitor and be a chicken. I feel so generous giving a nasty kid like yourself so much tips.
Otherwise, good luck becoming a professional renter for life! Your landlord will be very happy to collect your rent cheques.

Ad Hoc
Guest
Ad Hoc

Spoken like a true douchebag real estate agent. Go sell a house… if you can.

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

Weren’t you the one whose first post was bitching about trolls?

Bestplaceonearth
Guest
Bestplaceonearth

Oh, why is there so much anger and hatred in you at a young age!

Ad Hoc
Guest
Ad Hoc

… at a young age!

Thanks for the compliment !