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The Decline of Vancouver.

Jan. 9, 2017, 12:14 p.m.
Posts: 12535
Joined: June 29, 2006

http://www.theglobeandmail.com/news/world/chinese-scrutiny-of-money-movers-could-slow-canadian-property-sales/article33485996/?cmpid=PM0117

the chinese gov are trying

I wonder if this will be effective at all or corruption will poke it full of holes?

Jan. 9, 2017, 12:16 p.m.
Posts: 12535
Joined: June 29, 2006

http://www.metronews.ca/news/vancouver/2017/01/09/bcs-job-growth-is-unequal-and-unsustainable-ccpa.html

So, kinda what we've all been saying all along….

In other news, GF and I happened to load up the MLS page having accidently left the VPN blocker on over the weekend. Sure enough, a giant splash page encouraging US investors to buy Canadian real estate appears…

I was told that LNG will save us all and a roast in every oven. What, me worry?

Jan. 9, 2017, 1:38 p.m.
Posts: 16525
Joined: Nov. 20, 2002

I wonder if this will be effective at all or corruption will poke it full of holes?

well according to the artical it will take a month for someone to come up with a work around but at least the Chinese gov are now attempting to stick a finger in the dike so to speak and of course now cristy clark has our back ;)
so after 15 years of the laundered money dribbling out of mainland China … shit has changed

Jan. 9, 2017, 5:29 p.m.
Posts: 6499
Joined: April 10, 2005

I was told that LNG will save us all and a roast in every oven. What, me worry?

She looks like Alfred E. Neuman.

Thread killer

Jan. 9, 2017, 6:11 p.m.
Posts: 1811
Joined: Nov. 6, 2006

I can't beleive that dj on the island called her a milf. C'mon, looks like she cuts her own hair.

Jan. 9, 2017, 7:33 p.m.
Posts: 16525
Joined: Nov. 20, 2002

we used to at least get the cleavage shots but not anymore and I don't know why

Jan. 9, 2017, 7:50 p.m.
Posts: 10393
Joined: May 23, 2006

She looks like Alfred E. Neuman.

Somebody rep this man. :lol:

Freedom of contract. We sell them guns that kill them; they sell us drugs that kill us.

Jan. 9, 2017, 8:46 p.m.
Posts: 16525
Joined: Nov. 20, 2002

I payed out my mortgage so then I try to get clear Title which involves getting the lien taken off in BCLT office, after talking to 2 people at the bank it became clear they didn't how to give me the right paper work, apparently its very uncommon … kinda sad

Jan. 16, 2017, 2:20 p.m.
Posts: 16525
Joined: Nov. 20, 2002

hey heads up in the remote chance you ever pay off your mortgage if you tell your insurance company right away and give them a copy of the banks payout notice they will reimburse you some of your house insurance … got a check for 27$

Jan. 17, 2017, 8:47 a.m.
Posts: 2658
Joined: July 6, 2003

hey heads up in the remote chance you ever pay off your mortgage if you tell your insurance company right away and give them a copy of the banks payout notice they will reimburse you some of your house insurance … got a check for 27$

Why is that?

Originally posted by Purecanadianhoney
I don't see how hard it would be to scrape out the head of your cock once in a while.

Jan. 17, 2017, 9:31 a.m.
Posts: 16525
Joined: Nov. 20, 2002

I would guess that a house with no mortgage has been deemed a better risk for the insurance company by the actuaries

But it does show that its probably a good idea to go over your policy with your insurance company everytime you write that check if something as simple as paying off the mortgage can save 27$

Jan. 17, 2017, 10:29 a.m.
Posts: 16525
Joined: Nov. 20, 2002

http://www.cbc.ca/news/business/cmhc-mortgage-insurance-1.3938943

The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages, starting in March.

probably a good idea given the crazy RE markets?

Jan. 18, 2017, 9:01 a.m.
Posts: 1107
Joined: Feb. 5, 2011

I don't agree with people complaining about their property taxes… Like their property goes up in value by $400k in one year and they complain that they have to pay another few thousand dollars in property taxes. Step back and think about that for a second - someone's net worth just went up $400k in 12 months and they gotta pay (say an extra $4k of property taxes) - they are still up $396k!! I just made those numbers up, but you get what I'm saying.

I do understand that its more of a cashflow issue than anything though - so people should have the option to defer but they should still be charged interest on the amount deferred.

In my post above, I had my mechanics wrong in terms of how property taxes are calculated, but this article is essentially what I was trying to say - worth a read.

http://www.macleans.ca/economy/realestateeconomy/b-c-boomers-have-lost-their-moral-authority-to-judge-millennials/

Jan. 18, 2017, 12:14 p.m.
Posts: 856
Joined: Dec. 27, 2002

Chinese are fucking up new zealand too

https://www.theguardian.com/world/2016/sep/07/why-auckland-is-leading-the-worlds-housing-market-boom

Increasingly, not New Zealanders. Foreign investment in Auckland has boomed under the National party government (this is not confined to Auckland). According to Core Logic in 2012, 37% of buyers were investors. Today that proportion is nearly 50%, a significant number of whom are Chinese.

Jan. 18, 2017, 12:22 p.m.
Posts: 11969
Joined: June 4, 2008

Surprised no one has posted the NY Times article laughing at our Banana Republic.

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