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The Decline of Vancouver.

Dec. 27, 2017, 10:12 p.m.
Posts: 11419
Joined: June 4, 2008

If our liberals aren't going to save us, who will?

https://www.theglobeandmail.com/opinion/how-much-real-estate-do-foreigners-really-own-statscan-got-it-wrong/article37439665/

Jan. 8, 2018, 8:06 p.m.
Posts: 2217
Joined: May 23, 2006

https://www.youtube.com/watch?time_continue=6&v=UtzVw7yIo2U

Jan. 8, 2018, 11:16 p.m.
Posts: 11419
Joined: June 4, 2008

Posted by: tungsten

https://www.youtube.com/watch?time_continue=6&v=UtzVw7yIo2U

This is our generations claim to fame.

Jan. 10, 2018, 6:06 p.m.
Posts: 5700
Joined: April 10, 2005

Out on the road today, I saw a Deadhead sticker on a Cadillac.

Jan. 10, 2018, 8:01 p.m.
Posts: 2217
Joined: May 23, 2006

I had a Cadillac. But all the Deadhead stickers were on my brothers '65 VW micro bus.

Though MIT urban studies professor Phillip Clay had in 1979 defined gentrification as a four-stage process, Moskowitz points out there is a 0 stage where cities open themselves up to real estate speculators. In 0 stage cities start “gentrification through zoning, tax breaks, and branding power.” The book argues that that central to gentrification is cities adoption of housing policies benefiting only real estate developers.

Sound familiar?

https://www.counterpunch.org/2018/01/10/gentrification-kills-race-inequality-and-the-death-of-american-cities/


 Last edited by: tungsten on Jan. 10, 2018, 8:44 p.m., edited 4 times in total.
Jan. 11, 2018, 7:22 p.m.
Posts: 11419
Joined: June 4, 2008

More people doing the analysis our government officials would rather we wouldn’t do.

https://www.theglobeandmail.com/report-on-business/rob-commentary/what-toronto-and-vancouver-housing-data-do-and-dont-tell-us/article37562481/

Jan. 11, 2018, 8:23 p.m.
Posts: 468
Joined: Nov. 23, 2002

Posted by: ReductiMat

More people doing the analysis our government officials would rather we wouldn’t do.

https://www.theglobeandmail.com/report-on-business/rob-commentary/what-toronto-and-vancouver-housing-data-do-and-dont-tell-us/article37562481/

Way back when I was signing the tune that foreign buyers were having a crippling effect on our housing market a lot of people weren't buying it or saying the numbers were too small (or that it was "racist" to say things like that. I argued that one of the dangers was the off-shore buyer who was willing to way overbid and have no conditions on their offer which put significant upward pressure on prices. 

From the article:

"When 10 "local" buyers for a unit get outbid by a big offer from offshore, the winning bid has just set the benchmark for what prices can be achieved – and this will subsequently affect buyer and seller behaviour, especially if that dynamic is as substantial as the "flow" data indicate. This means that a modest number of buyers can have a major impact on the market."


 Last edited by: syncro on Jan. 11, 2018, 8:27 p.m., edited 1 time in total.
Jan. 12, 2018, 8:48 a.m.
Posts: 1464
Joined: April 25, 2003

...meanwhile over here Vancouverites are doing the same damn bidding on our houses, so we pulled out of the market for a while to let things cool.

In our case it worked out: the new house didn't attract the attention of well-heeled off-island foreigners of any kind but the duplex we sold did.  Got a real nice price from a couple with Vancouver money that didn't want to miss out on yet another place.  The knife cuts both ways I guess.


 Last edited by: tashi on Jan. 12, 2018, 8:50 a.m., edited 1 time in total.
Jan. 12, 2018, 4:50 p.m.
Posts: 468
Joined: Nov. 23, 2002

Posted by: tashi

...meanwhile over here Vancouverites are doing the same damn bidding on our houses, so we pulled out of the market for a while to let things cool.

In our case it worked out: the new house didn't attract the attention of well-heeled off-island foreigners of any kind but the duplex we sold did.  Got a real nice price from a couple with Vancouver money that didn't want to miss out on yet another place.  The knife cuts both ways I guess.

Yeah, but don't forget that's an effect of people getting pushed out of the Vancouver market. There are people leaving Vancouver based solely on housing costs and relocating in BC seems the next logical step. I see migration as much less of an issue that immigration.

Jan. 12, 2018, 8:51 p.m.
Posts: 1464
Joined: April 25, 2003

Yep, the shit rolls downhill. 

Just gotta be the dung beetle if you want to stay while your home gets expensive.

Jan. 17, 2018, 5 p.m.
Posts: 971
Joined: March 18, 2017

So again nothing is going to be done.  Cool.

Jan. 17, 2018, 5:07 p.m.
Posts: 14533
Joined: Nov. 20, 2002

https://www.bankofcanada.ca/2018/01/fad-press-release-2018-01-17/

Jan. 17, 2018, 5:09 p.m.
Posts: 14533
Joined: Nov. 20, 2002

Posted by: Endur-Bro

So again nothing is going to be done.  Cool.

is that even legal

Jan. 17, 2018, 6:35 p.m.
Posts: 11419
Joined: June 4, 2008

Posted by: Endur-Bro

So again nothing is going to be done.  Cool.

Remember when David Eby was the only sane voice here?  Yeah, he's now the AG.  Please email him and ask him his opinion on Endur-Bro's last link.

I haven't yet, and I really hope I'm fucking wrong, but I suspect I'm not gonna be.

Stop voting for political parties you dumb cunts.

Jan. 18, 2018, 6:19 p.m.
Posts: 468
Joined: Nov. 23, 2002

This is definitely worth a listen - lots of juicy details including how the liberals were well aware of the shenanigans going on with Vancouver r/e. Of course it without saying the majority of the perpetrators of this fraud are Chinese. 

The most staggering fact in this interview is that there are over 200,000 households who declare less income that what their yearly property taxes are. Let that detail sink in for a moment.

https://omny.fm/shows/the-jon-mccomb-show/immigration-fraud-tax-avoidance-real-estate-scheme

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