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Lead out in cuffs posted:50+ new posts this morning. It's happening isn't it? Is it happening? It's not happening.
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# ? Feb 10, 2015 18:17 |
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# ? May 25, 2024 14:01 |
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Does this mean you're gonna buy, CI?
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# ? Feb 10, 2015 18:54 |
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Kafka Esq. posted:Does this mean you're gonna buy, CI? I was wondering the same thing, ha.
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# ? Feb 10, 2015 18:56 |
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CI is just convincing us all not to buy houses so he can buy them all and price us out of the market
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# ? Feb 10, 2015 19:00 |
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http://business.financialpost.com/2015/02/10/why-china-poses-the-next-great-risk-for-a-deflationary-world/quote:
Welp
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# ? Feb 10, 2015 19:14 |
etalian posted:My solution: Yeah my brother was showing me his new place in a tall suburban condo and I noticed everyone milling about was white, so I asked what that was about because you just don't see that south of the inlet. He said "you'll see" then opened his curtains to display a beautiful view of a giant old cemetery.
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# ? Feb 10, 2015 19:42 |
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Furnaceface posted:Didnt it only take 2-3 years for the biggest bubble cities in the USA to get hit? And thats with a way more robust economy than Canada. Not really. If you are talking about how long it took for prices to return to what you would expect outside of bubbles... yea that whole process of deflating did take some time but as soon as the bubble "popped" the pain was nearly immediate. There's also the fact that things like the new owner tax rebate massively sustained the bubble artificially. The whole "it took 2-3 years" is pretty misleading because from the average persons perspective the adjustment was pretty much overnight. From a mortgage broker's perspective it was overnight. Like no joke there was one night where like half the subprimes went under.
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# ? Feb 10, 2015 19:43 |
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Cultural Imperial posted:http://business.financialpost.com/2015/02/10/why-china-poses-the-next-great-risk-for-a-deflationary-world/ People who post in the comments at greaterfool.ca (or really any bearish writing about the Canadian housing market) are always saying things like, "sure the housing market will crash...WHEN CHINA RUNS OUT OF MILLIONAIRES! LOL!"
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# ? Feb 10, 2015 19:54 |
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Cultural Imperial posted:shots fired from Scott Barlow, a Good Writer for the globe: F and F actually required you to have a job with solid work history (going back 1 or 2 years), they just didn't give a poo poo about your credit very much so long as it was clean for the last 6 months or so. While they were of course much better loans than subprimes, they still allowed a pretty high dti ratio and allowed nearly 100% financing with a little creativity. peter banana posted:so places that went crazy will get hit hard and places that went up but stayed fairly normal will land softly? Is that the gist? Ultimately you look at local incomes and local house prices. Do those seem sane or no? Of course even good areas are hit because credit gets frozen and so on but usually losses due to that are quickly recovered.
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# ? Feb 10, 2015 19:58 |
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Why is Canada such a hot market for mainlanders to buy property in, compared to other options anyway? You can get an investor visa in Spain, for example, for a scant EUR500,000, and nicer properties are way, way cheaper. Plus, you then have a path to EU citizenship for yourself and your family, which, patriotism aside, is way more loving useful than Canadian citizenship. If you're going to fly halfway around the world either way, why would you pick Vancouver over Madrid?
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# ? Feb 10, 2015 20:22 |
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PT6A posted:Why is Canada such a hot market for mainlanders to buy property in, compared to other options anyway? You can get an investor visa in Spain, for example, for a scant EUR500,000, and nicer properties are way, way cheaper. Plus, you then have a path to EU citizenship for yourself and your family, which, patriotism aside, is way more loving useful than Canadian citizenship. This is a fantastic question.
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# ? Feb 10, 2015 20:30 |
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It's right on the other side of the small body of water they are used to living near to.
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# ? Feb 10, 2015 20:32 |
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PT6A posted:If you're going to fly halfway around the world either way, why would you pick Vancouver over Madrid? Which would you rather choose: a location that has an established community that shares your language and a lot of your traditions, or some other place where you're going to stick out like a sore thumb?
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# ? Feb 10, 2015 20:33 |
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PT6A posted:Why is Canada such a hot market for mainlanders to buy property in, compared to other options anyway? You can get an investor visa in Spain, for example, for a scant EUR500,000, and nicer properties are way, way cheaper. Plus, you then have a path to EU citizenship for yourself and your family, which, patriotism aside, is way more loving useful than Canadian citizenship. It's odd but one of the main reasons is that 1. they are already here (usually people have friends or relatives and are aware of existing diaspora communities) and 2. we speak English. Many mainland chinese think that the terrible english education they get in school (which puts the french education you get outside of quebec to shame as far as incompetence and uselessness are concerned) will be sufficient for them to get jobs "in business/salesperson" or "as an office worker/lady". It's dream first, plan second. There's also this insane kind of sort of manifest-destiny belief starting to spread over there where like, it is the supposed eventual dream of all to go to Canada. It's kind of hosed up. One of my girlfriend's college roommates' life goal was literally "find a foreigner, get pregnant from him, force him to bring her to Canada". Thankfully, this was the most...extreme case I've been told about. But it does very much remind me of the way North America was presented as the land of opportunity in Europe as a means of dumping population. You can imagine how well such a plan would work, but that's the degree to which (some) people fetishise Canada over there.
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# ? Feb 10, 2015 20:35 |
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PT6A posted:Why is Canada such a hot market for mainlanders to buy property in, compared to other options anyway? You can get an investor visa in Spain, for example, for a scant EUR500,000, and nicer properties are way, way cheaper. Plus, you then have a path to EU citizenship for yourself and your family, which, patriotism aside, is way more loving useful than Canadian citizenship. I think you're forgetting the "Hey I own that place" value of real estate. Anyone who owns anything loves to talk about what they own and where it is. It's way better if a Chinese Millionaire can tell a fellow Chinese Millionaire that he owns a property in a place that they can both relate to, as Coylter and Baudin pointed out. My favourite example in my own life is from a recent dentist visit. My hygienist happened to live in my part of Halifax, and we started talking about real estate. We both own houses in the area. Then she said she also bought an investment property as well. Did I then go on to talk about my stock portfolio? No, that would be impolite. But she had no problem talking about her investment property, because society permits such a thing.
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# ? Feb 10, 2015 20:50 |
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Basically language. While the older Chinese population of Vancouver primarily speaks Cantonese and the Taiwanese population speak mandarin and like 3 other dialects, most Chinese know enough mandarin to communicate with other members of the diaspora. The majority of Vietnamese are ethnic han and many of them speak Cantonese or mandarin. The smaller communities of Malaysian and south African Chinese mostly know enough mandarin to communicate. No Singaporeans or thai chinese though. You can't actually make shitloads money in Vancouver so they take a pass. The only Indonesian Chinese who are here are just passing through until the next time they get massacred. Seattle is starting to see huge amounts of mainlanders in Bellevue because theres a very popular Chinese soap opera set there.
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# ? Feb 10, 2015 20:56 |
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Cultural Imperial posted:http://business.financialpost.com/2015/02/10/why-china-poses-the-next-great-risk-for-a-deflationary-world/ This is why I laugh heartily every time someone presents Russia as the boogeyman military threat of our time, because if we're headed back down the nuclear rabbit hole it will be China that's doing the knocking. Russia is a joke that can't feed it's army, China is a nightmare for anyone that pays attention to how warm things are getting. Rich mainlanders are fleeing because they don't want to see their assets redistributed in an attempt to prop up that house of cards, and they don't want to see their children conscripted when the PRC finally decides to start something with India or whomever. I recommend reading some Chinese history, btw, it's a deeply fascinating region and understanding why it's risen so high and then imploded into internicine warfare so many times is much more satisfying than relying on "lol retard genes and Mao".
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# ? Feb 10, 2015 23:05 |
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Well, if CI has given up maybe I'll buy. I can afford it and am tired of not knocking down walls in my place. I'm getting sick of the incessant nagging from everyone in my life. I'm certain it's a terrible financial decision, but I can't put a price on friends, family, and in laws finally shutting their loving mouth holes.
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# ? Feb 10, 2015 23:43 |
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Sassafras fucked around with this message at 09:11 on Feb 13, 2015 |
# ? Feb 10, 2015 23:46 |
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Wasting posted:Well, if CI has given up maybe I'll buy. I can afford it and am tired of not knocking down walls in my place. Make sure you run the numbers at a higher interest rate and/or with less income.
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# ? Feb 10, 2015 23:49 |
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Cultural Imperial posted:south African Chinese Yeah this was one of the more interesting bits of culture shock for me: I met more Chinese South Africans within a year of moving to Vancouver than in 25 years of living in South Africa.
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# ? Feb 11, 2015 00:01 |
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Reverse Centaur posted:Yeah my brother was showing me his new place in a tall suburban condo and I noticed everyone milling about was white, so I asked what that was about because you just don't see that south of the inlet. He said "you'll see" then opened his curtains to display a beautiful view of a giant old cemetery. Brave canadian ghosts keep greedy mainlanders from gentrifying neighborhood.
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# ? Feb 11, 2015 02:25 |
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Grimes' mom weighs in on CP wrecking the arbutus corridor https://twitter.com/Garossino/status/565371068643549187 quote:@YVRHousing We should admire when the well-heeled get their hands dirty making empty land productive. They're not hurting anyone... for reference, the face of Vancouver West Side Affluenza for just 10 cents a day you can avert this tragedy namaste friends fucked around with this message at 06:29 on Feb 11, 2015 |
# ? Feb 11, 2015 06:25 |
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http://www.bloomberg.com/news/articles/2015-02-10/genworth-s-mcinerney-pressured-by-44-share-drop-in-three-monthsquote:Genworth Financial Inc. has lost 44 percent from the time it announced a reserve shortfall in November through Monday. That’s set up a test for Chief Executive Officer Tom McInerney when the insurer reports fourth-quarter results later Tuesday. Genworth was one of my targets for shorting if poo poo got real, though I only would have been off by a couple of years. ronpaulhappening.gif
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# ? Feb 11, 2015 07:21 |
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Cultural Imperial posted:for reference, the face of Vancouver West Side Affluenza That's like 2 years of majo for one person, what the gently caress.
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# ? Feb 11, 2015 09:55 |
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I hope that mayo is gluten and cruelty free!
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# ? Feb 11, 2015 13:59 |
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Rime posted:I recommend reading some Chinese history, btw, it's a deeply fascinating region and understanding why it's risen so high and then imploded into internicine warfare so many times is much more satisfying than relying on "lol retard genes and Mao". LOL like white canadians would ever give up the chance to be racist hypocrites
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# ? Feb 11, 2015 15:13 |
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Brannock posted:Mainland Chinese people, especially the ones who actually have the money to invest in Canada, share much more in common with Western whites than they do with actual downtrodden minorities who are victims of actual legit systematic racism. Most of the reasons White People are Great Satan also apply to the rich Chinese. Hong Kongers on the other hand are displaced and downtr- ahahahaha
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# ? Feb 11, 2015 15:22 |
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Vaginapocalypse posted:LOL like white canadians would ever give up the chance to be racist hypocrites I see that a new student has arrived at Cultural Imperial's dojo to be tutored in the ancient and inscrutable art of trolling CanPol and CanDebt threads. It is always a pleasure to see a new practitioner learning to align their Chi into the perfect poo poo post and I wish you luck in your future endeavours.
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# ? Feb 11, 2015 17:36 |
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Uh actually CI is anti-han pro-white so im more like the ken to his ryu biyatch
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# ? Feb 11, 2015 19:03 |
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have to wonder what the story is here
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# ? Feb 11, 2015 23:52 |
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OSI bean dip posted:
gonna own when desperate seller signs become common
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# ? Feb 12, 2015 00:28 |
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etalian posted:gonna own when desperate seller signs become common i went and dug into this posting a bit and the number is a voip line without an identifying cid (ie: "private number" when they call). if i were a gambling man, i'd expect it to be someone who lives overseas and rents it out but for whatever reason wants to rid themselves of it. i avoid these numbers like the plague when renting simply because it's likely an absentee owner Lain Iwakura fucked around with this message at 01:14 on Feb 12, 2015 |
# ? Feb 12, 2015 01:12 |
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Why does it say 15,000$ down? Surely a desperate seller would want the whole thing paid for?
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# ? Feb 12, 2015 02:22 |
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Jumpingmanjim posted:Why does it say 15,000$ down? Surely a desperate seller would want the whole thing paid for? Any sort of seller financing is a scam, because it means the property will NOT pass title inspection, insurance inspection, appraisal or home inspection. It allows the seller to 'prop-up' the price without responding to market conditions, and is therefore fraudulent. This includes when a builder offers financing!
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# ? Feb 12, 2015 03:03 |
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Cultural Imperial posted:Grimes' mom weighs in on CP wrecking the arbutus corridor What the gently caress is wrong with this woman that's she's buying that much mayo and looks like a 100 buck a day crack head.
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# ? Feb 12, 2015 04:22 |
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https://www.youtube.com/watch?v=JtH68PJIQLE yeah baby
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# ? Feb 12, 2015 04:51 |
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It was named the best song of 2012 on Pitchfork, which in 2014 also named it the best song of the decade as of August 2014
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# ? Feb 12, 2015 06:00 |
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OSI bean dip posted:i went and dug into this posting a bit and the number is a voip line without an identifying cid (ie: "private number" when they call). if i were a gambling man, i'd expect it to be someone who lives overseas and rents it out but for whatever reason wants to rid themselves of it. i avoid these numbers like the plague when renting simply because it's likely an absentee owner Actually there's been a scam around vancouver for a while now where someone advertises fake sales. I wouldn't be surprised if this is it. Oh god I'm so desperate you can have my fire sale for only 15,000 oh but you need to pay in cash now no cheques.
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# ? Feb 12, 2015 08:52 |
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# ? May 25, 2024 14:01 |
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PT6A posted:Why is Canada such a hot market for mainlanders to buy property in, compared to other options anyway? You can get an investor visa in Spain, for example, for a scant EUR500,000, and nicer properties are way, way cheaper. Plus, you then have a path to EU citizenship for yourself and your family, which, patriotism aside, is way more loving useful than Canadian citizenship. Forget Spain, Portugal is even cooler. Nice climate if you like it hot, nice people, great food. We went to Lisbon last summer and it was one of the best times we ever had. The older parts of Lisbon like Alfama are just terrific.
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# ? Feb 12, 2015 15:50 |