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Any Vangoons want to go into business with me offering to be straw buyers for idiot Mainlander investors? My Mandarin is pretty good, I figure we can scam a bunch of scammed before the whole house of cards collapses.
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Jul 25, 2016 19:40
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Furnaceface posted:This cant be a real post. You really are involved in the BC housing industry arent you? I don't know how to respond to this post. You seem to take issue with some point. Maybe should should say what that is? I'm not advocating subsidies to developers, I'm just spitballing here, speculating on what the province is going to announce. It looks like my speculation was close to the mark. quote:...
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Jul 25, 2016 19:42
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Femtosecond posted:I don't know how to respond to this post. You seem to take issue with some point. Maybe should should say what that is? I think I misread what you posted actually. I thought you were implying that the government has no place in ensuring or providing the basic needs and services such as affordable housing (which purpose built rentals typically fall into) and not just theorizing what the dumb BC Liberals will inevitably do. Whoops!
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Jul 25, 2016 19:46
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Furnaceface posted:I think I misread what you posted actually. I thought you were implying that the government has no place in ensuring or providing the basic needs and services such as affordable housing (which purpose built rentals typically fall into) and not just theorizing what the dumb BC Liberals will inevitably do. Rereading what I wrote I do see how that post could be read out of context and misinterpreted. More spitballing: I wonder if this new fund toward rental housing will be directed toward low income and social housing or toward market rental? There's a huge difference between the two. From the BCLiberals I'm expecting the latter.
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Jul 25, 2016 19:59
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Powershift posted:Don't worry, i'm sure they'll be putting that massive surplus into a legacy fund for when they can't pump any more luxury studio apartments out of the ground. We even have our own pipeline to China. This analogy is great. Who are OPEC and Russia in this analogy though?
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Jul 25, 2016 19:59
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Majuju posted:BC brings in 15% property tax for foreign buyers Yea, but what if I want to give a million dollar donation to a realtor who just so happens to buy a place with that money. That's still legit right.
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Jul 25, 2016 20:43
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Madkal posted:Yea, but what if I want to give a million dollar donation to a realtor who just so happens to buy a place with that money. That's still legit right. Well, they recently determined that only 3.3% of real-estate was directly to foreign buyers, so they're proudly proclaiming they're solving a problem that doesn't exist. http://bc.ctvnews.ca/majority-of-foreign-buyers-from-china-new-real-estate-data-reveals-1.2977337 Somebody give these fuckers a raise so they can buy another 4 houses.
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Jul 25, 2016 20:46
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Powershift posted:Well, they recently determined that only 3.3% of real-estate was directly to foreign buyers, so they're proudly proclaiming they're solving a problem that doesn't exist. 3.3% over a 19-day period in June.
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Jul 25, 2016 22:00
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Franks Happy Place posted:Any Vangoons want to go into business with me offering to be straw buyers for idiot Mainlander investors? My Mandarin is pretty good, I figure we can scam a bunch of scammed before the whole house of cards collapses. Yeah sure, I have a suit and a haircut. Do we keep the houses in our names and tell them to pound sand after the illicit money transfer, or will that get us shot?
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Jul 25, 2016 22:06
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Rime posted:Yeah sure, I have a suit and a haircut. Do we keep the houses in our names and tell them to pound sand after the illicit money transfer, or will that get us shot? Just chop them into 100 pieces when they come to collect.
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Jul 25, 2016 23:09
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Mainlanders already pipe money through relatives in Canada and party officials are adept at using shell corporations domestically in China so this tax will not be levied on anyone as all of a sudden a bunch of Chinese students in Canada will suddenly be primary shareholders of multimillion dollar property corporations.
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Jul 25, 2016 23:21
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There's no cap gain exemption for corporations.
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Jul 26, 2016 00:55
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Isn't a PR what you're buying with your foreign investor immigration?
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Jul 26, 2016 02:10
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ocrumsprug posted:Isn't a PR what you're buying with your foreign investor immigration? Y E S E S
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Jul 26, 2016 03:47
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Uh, so the foreign buyer tax is only going to apply in Vancouver? Is this just gonna gently caress over Victoria?
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Jul 26, 2016 07:06
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No, Victoria housing prices are a spillover from people giving up on affording anything in Vancouver. edit: also the tax isn't gonna do anything
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Jul 26, 2016 07:09
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https://twitter.com/AlexUsherHESA/status/757928827548995584 Several pages back a bunch of you were rationalizing skipping university because ~reasons~ quote:Overall, 2005 bachelor’s degree graduates had average annual earnings of $45,200 (in 2014
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Jul 26, 2016 14:46
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https://twitter.com/CdnMortgageNews/status/757696503184027649 lmao
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Jul 26, 2016 15:15
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namaste faggots posted:https://twitter.com/AlexUsherHESA/status/757928827548995584 What's the median income for university and college graduates?
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Jul 26, 2016 15:21
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EvilJoven posted:What's the median income for university and college graduates? $74k+ after 6 years, and $54k+ after 6 years, respectively. Except fine arts, they're down in the high-30's poverty.
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Jul 26, 2016 16:06
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I skimmed that link on my phome- do those numbers include unemployed, or merely those with jobs?
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Jul 26, 2016 16:21
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Rime posted:$74k+ after 6 years, and $54k+ after 6 years, respectively. Those are college diploma grads, what about college bachelor's grads? The bachelor number is impressive as a median, if they're not just counting people working in their chosen field or whatever.
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Jul 26, 2016 16:26
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https://twitter.com/martinmacmahon/status/757958890558455808?s=09
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Jul 26, 2016 16:34
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That's an easy one. Put public and private pressure to the CMHC to hurry up cutting cheques, raise retail banking fees.
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Jul 26, 2016 16:50
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for reference, current stress tests factor a 30% drop in vancouver prices
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Jul 26, 2016 16:54
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That'll set prices back at least 10 months.
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Jul 26, 2016 16:55
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Where are the billions from the new 15% foreign buyer tax going to go? Into the empty LNG prosperity fund bank account?
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Jul 26, 2016 17:20
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Ikantski posted:That'll set prices back at least 10 months. I'm sure the 40+% of the economy dependent on FIRE will be fine just waiting around a year for prices to recover. CI you must get hard thinking about the knock-on effects of a 50% price cut. Imagine all those unemployed Realtors™.
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Jul 26, 2016 17:29
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that conversation rules https://twitter.com/CdnMortgageNews/status/757972663516012544
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Jul 26, 2016 17:37
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Femtosecond posted:Where are the billions from the new 15% foreign buyer tax going to go? Into the empty LNG prosperity fund bank account? Into the Fast Ferries slush fund
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Jul 26, 2016 18:16
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namaste faggots posted:https://twitter.com/AlexUsherHESA/status/757928827548995584 Nobody wants to skip university, its just not affordable to many people and the financial barriers to entry are a very real and stupid thing. Even with scholarships I couldnt afford university and had to work full time for 4 years after high school just to go to community college.
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Jul 26, 2016 18:42
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Furnaceface posted:Nobody wants to skip university, Actually a lot of people just wanted to score a decent paying job so they could get a place to live and settle down instead of paying out the rear end for High School Part 2: This Time It's For Wealthy Folks, but going to uni was what they were told to do their whole lives so they went anyway whether it put them up to their eyeballs in debt or not
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Jul 26, 2016 18:49
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https://twitter.com/keithbaldrey/status/758008851991900160 https://twitter.com/keithbaldrey/status/758006877238112256 https://twitter.com/keithbaldrey/status/758011745080225792 No loving wonder why Rennie tried to minimize the real scope of foreign buying and why the government is now so eager to tax it. It's massive. The government is seeing green. This is just foreign buyers too, not overall foreign investment. Doesn't take into account money flowing through the QIIP.
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Jul 26, 2016 20:21
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really i thought rennie was just trying to prevent a pogrom of chinese immigrants in vancouver by declaring racism whenever anyone brought up foreign buyers sad!
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Jul 26, 2016 20:32
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Furnaceface posted:Nobody wants to skip university, its just not affordable to many people and the financial barriers to entry are a very real and stupid thing. Even with scholarships I couldnt afford university and had to work full time for 4 years after high school just to go to community college. What province are you in where this was necessary? I grew up quite poor and was able to max out OSAP every year for tuition and living expenses, work poo poo minimum wage jobs over the summer to pay my rent and feed myself, and eventually made it through alright. The amount of help I got from my family (helped me buy groceries the odd time) was negligible. Obviously I have a poo poo ton of debt, but it was worth it. Edit: mind you I had no dependents, need for a vehicle, or other financial commitments other than keeping myself alive velvet milkman fucked around with this message at 21:18 on Jul 26, 2016 |
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Jul 26, 2016 20:43
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Furnaceface posted:Nobody wants to skip university, its just not affordable to many people and the financial barriers to entry are a very real and stupid thing. Even with scholarships I couldnt afford university and had to work full time for 4 years after high school just to go to community college. Not sure what you're talking about because I worked 3 part time jobs while going to school full time to finish my degree without any student loans and only 2 piddly poo poo scholarship. Bootstraps.
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Jul 26, 2016 23:17
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I walked uphill both ways -- through the snow -- to get my degree.
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Jul 27, 2016 00:41
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a fleshy snood posted:What province are you in where this was necessary? I grew up quite poor and was able to max out OSAP every year for tuition and living expenses, work poo poo minimum wage jobs over the summer to pay my rent and feed myself, and eventually made it through alright. The amount of help I got from my family (helped me buy groceries the odd time) was negligible. Obviously I have a poo poo ton of debt, but it was worth it. This was back in 97, but my first application for OSAP was rejected if thats any indication of the situation I was looking at.  I mean, looking back now I kind of lucked out because I wanted to go to Queens for CompSci even though I hated everything about it. It was where the money was supposed to be after all. Now I have a diploma, found a field I have interest in, and can pursue a degree in the future should I want to pursue it (I probably will) because Im in a well paying job that is fairly secure. Im just 8 years behind schedule, nothing too big.
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Jul 27, 2016 01:05
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School can be for fun or for money, choose one.
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Jul 27, 2016 01:43
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namaste faggots posted:really i thought rennie was just trying to prevent a pogrom of chinese immigrants in vancouver by declaring racism whenever anyone brought up foreign buyers Yeah surprised they haven't gone full "Chinese head tax IS BACK" yet.
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Jul 27, 2016 02:16
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