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I would blow Dane Cook
Dec 26, 2008

Risky Bisquick posted:

Eternal sadness

Realistic goal :rip:

Realistic profession, star wars bedsheets though

Winner winner chicken dinner

Eternal sadness

quote:

My parents understand my financial position. They’re not pressuring me to move out, but the house is pretty cramped. My dad snores, so he sleeps in the basement. I sleep in the same room as my mom; we share a queen-size bed. My 23-year-old brother has his own room. There isn’t a lot of privacy, but that’s okay, because we all have different schedules. I stay at my boyfriend’s house most weekends.


namaste friends posted:

someone who is good at the economy please help me budget this. my family is dying

Spend less money on designer purses

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ADBOT LOVES YOU

namaste friends
Sep 18, 2004

by Smythe
https://twitter.com/benrabidoux/status/968846119060099074

Ben Rabidoux's Twitter is pubic again.

mashed
Jul 27, 2004

UnfortunateSexFart posted:

Strata meetings will make you lose all faith in humanity. Like I get annoyed at my co-workers for being really dumb sometimes, but I appreciate them a lot more after last night.

The best strata meeting I went to had two new owners show up with a bottle of wine and glasses and they just knocked that poo poo back in the first 30 mins. Then one went upstairs for another. They spent most of the meeting giggling and cracking terrible jokes but at least they were having a good time.

Our old building the elevator totally broke down and even that took a decent campaign to get the assessment to get it fixed and modernized. Half the owners didn't actually live in the building which made it that much harder to make them give a poo poo. If you ever wonder why no rental strata bylaws exist that sort of poo poo is why. Absentee owners are garbage for anyone that actually lives in the building.

I'm so loving glad we don't live in a strata anymore.

HookShot
Dec 26, 2005
The building I used to live in, if you held the elevator door open with your hand instead of the open button it would break completely. There were giant signs everywhere warning people of this, and yet at least once a week we'd press the button to call the elevator and nothing would happen, then a few hours later the repair dude's truck would be out the front.

I swear like 90% of that building's strata fees probably went to that dude.

namaste friends
Sep 18, 2004

by Smythe
I heard there's like 3 elevator vendors in the lower mainland, meaning if you want to install an elevator in your building, you have to go through this oligopoly to do it.

JawKnee
Mar 24, 2007





You'll take the ride to leave this town along that yellow line
Sounds like an industry that needs disruption!

BRB writing an app that finds nearby poor people independent contractors who will come and lift you and your poo poo up the stairs for pennies

dev286
Nov 30, 2006

Let it be all the best.

namaste friends posted:

I heard there's like 3 elevator vendors in the lower mainland, meaning if you want to install an elevator in your building, you have to go through this oligopoly to do it.

I think after many mergers there may only be three vendors worldwide.... Maybe four?

Otis, Schindler, Kone, Fujitsu

Not to mention the unions that have a stranglehold on maintenance and repairs

Ten years down the road and all the condos will probably need total overhauls and there won't be anyone to do it

UnfortunateSexFart
May 18, 2008

𒃻 𒌓ð’‰𒋫 𒆷ð’€𒅅𒆷
𒆠𒂖 𒌉 𒌫 ð’®𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑


Our 40 year old elevator worked fine forever then the government mandated all elevators have two cylinders or some poo poo and now it never stops at floor level and they can't fix it.

Rime
Nov 2, 2011

by Games Forum
The tower I'm on right now, they didn't bother to clean the machine room. At all.

So, 6 months after construction, the burners on the boilers have sucked in and combusted so much dust that they've seen effectively half their useful service life already. According to the very angry service technician who was cleaning them off and swearing yesterday, at least.

Those burners cost $50,000.

Units in this building started at $800,000 for a studio.

:getin:

Seat Safety Switch
May 27, 2008

MY RELIGION IS THE SMALL BLOCK V8 AND COMMANDMENTS ONE THROUGH TEN ARE NEVER LIFT.

Pillbug

dev286 posted:

I think after many mergers there may only be three vendors worldwide.... Maybe four?

Otis, Schindler, Kone, Fujitsu

Not to mention the unions that have a stranglehold on maintenance and repairs

Ten years down the road and all the condos will probably need total overhauls and there won't be anyone to do it

It's bad across the whole country.

http://www.cbc.ca/news/business/elevator-broken-1.3689394

quote:

Insiders say the steep rise in problems is partly the result of more elevators — Ontario has seen a 10 per cent increase over the past five years. But the real culprits, they say, are aging equipment and structural issues within an industry dominated by four huge multinationals: Otis, Schindler, Kone and ThyssenKrupp.

Thirty years ago, he said, a technician would typically service about 35 to 45 elevators for about $1,000 per elevator a month. The maintenance contract included everything needed to keep the elevators humming — excluding extraordinary events such as flooding or vandalism.

Nowadays, he said, that same contract might be worth about $600 — with each technician responsible for 100 elevators.

namaste friends
Sep 18, 2004

by Smythe
Richmond Elevator doesn't make its own elevators?

Rime
Nov 2, 2011

by Games Forum
They do, and they're the most reliable I find.

Thyssenkrup is absolute garbage.

namaste friends
Sep 18, 2004

by Smythe

Rime posted:

They do, and they're the most reliable I find.

Thyssenkrup is absolute garbage.

My building has one made by Richmond Elevator and its broken 5 times in 7 years, completely replaced once.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

dev286 posted:

I think after many mergers there may only be three vendors worldwide.... Maybe four?

Otis, Schindler, Kone, Fujitsu

Not to mention the unions that have a stranglehold on maintenance and repairs

Ten years down the road and all the condos will probably need total overhauls and there won't be anyone to do it

Oh no, unions.

Rime
Nov 2, 2011

by Games Forum

namaste friends posted:

My building has one made by Richmond Elevator and its broken 5 times in 7 years, completely replaced once.

Most buildings I work on the Thyssenkrup have broken at least 5 times before occupancy, and once I saw one get replaced two months after people started moving in. :chord:

PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

Rime posted:

Most buildings I work on the Thyssenkrup have broken at least 5 times before occupancy, and once I saw one get replaced two months after people started moving in. :chord:

Yep, that's what they have in my building and that's basically what's happened.

Mind you my old building had Richmond elevators and those things went down like a crackwhore as well.

HookShot
Dec 26, 2005
The one in my personal anecdote was an Otis IIRC.

All elevators are trash is what I'm learning from this thread today.

cowofwar
Jul 30, 2002

by Athanatos
Too bad no modern building builds stairs to use anymore. They only exist as emergency exits so they’re stuffed in a corner and are full of access restrictions so you can’t use them to go up or down in a non-emergency.

Coxswain Balls
Jun 4, 2001

HookShot posted:

The one in my personal anecdote was an Otis IIRC.

All elevators are trash is what I'm learning from this thread today.

Elevators are good when afforded with regular maintenance and upkeep.

So in practice all elevators are trash, yeah.

Baronjutter
Dec 31, 2007

"Tiny Trains"

cowofwar posted:

Too bad no modern building builds stairs to use anymore. They only exist as emergency exits so they’re stuffed in a corner and are full of access restrictions so you can’t use them to go up or down in a non-emergency.

Another reason why forests of tall thin condos jammed into one limited are inferior to nice street-walls of perimeter blocks. You can get the same density but only using 4-5 story buildings that end up being much less elevator-dependent and cheaper to build.

yippee cahier
Mar 28, 2005

Baronjutter posted:

Another reason why forests of tall thin condos jammed into one limited are inferior to nice street-walls of perimeter blocks. You can get the same density but only using 4-5 story buildings that end up being much less elevator-dependent and cheaper to build.

but my setbacks and unusable greenspace!!!

namaste friends
Sep 18, 2004

by Smythe
http://archive.is/M4XOb

quote:

Bank of Canada likely to take cautious path with two more rate hikes this year
Analysts polled by Reuters predict a hike in the second quarter and another increase in the fourth quarter, bringing rates to 1.75 per cent by the end of the year

OTTAWA — The Bank of Canada is on course to raise interest rates twice more this year as it aims to strike a balance between a stronger economy and a number of economic risks, including trade negotiations and new housing regulations, a Reuters poll found.

The central bank has raised interest rates three times since last July, amid a robust job market and solid economic growth, but policymakers have said repeatedly they will be cautious in considering further hikes.

Indeed, there are many unknowns for the bank to be cautious about, particularly the uncertain fate of the North American Free Trade Agreement (NAFTA) as negotiators convene for a seventh round of talks this week.

Fourth-quarter growth is also on track to come in below the Bank of Canada’s 2.5 per cent forecast, which economists said is likely to leave the data-dependent central bank on hold.

“Given the more modest pace of economic growth recently, as well as the uncertainty surrounding NAFTA and the housing regulations, we believe the Bank of Canada will move to the sidelines for a spell,” said Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets.

The 30 analysts polled by Reuters unanimously forecast the central bank will hold its benchmark rate at 1.25 per cent at its next announcement on March 7.

From there, the median forecast is for a hike in the second quarter and another increase in the fourth quarter, which will bring rates to 1.75 per cent by the end of the year.

While the second-quarter hike is a quarter sooner than anticipated in the last Reuters poll done in January, it still leaves rates at the same level that was expected for 2018. Analysts expect rates to go to 2 per cent in the first quarter of 2019.

Markets see an 80 per cent probability the Bank of Canada will raise rates in May, while a hike is fully priced in for July.

How heavily indebted Canadians will handle the rate hikes the central bank has already put in place is another risk factor policymakers have said they are closely watching.
Consumer debt in Canada has ballooned in the years since the global financial crisis, with much of that going to a housing market where prices have climbed, particularly in the major cities of Toronto and Vancouver.

Tighter mortgage lending rules put in place at the start of the year have already dampened house resales and economists expect the central bank will be wary of moving too aggressively and risking a more disorderly pullback in the market.

As well, the province of British Columbia, home to Canada’s most expensive real estate market, earlier this month announced it will crack down on real estate speculators by expanding its foreign buyers tax and introducing a new speculation tax.

“It wouldn’t be appropriate to increase the policy rate further knowing that the British Columbia housing market is about to begin a challenging adjustment period,” said Sebastien Lavoie, chief economist at Laurentian Bank of Canada.

👏 bank 👏 economists 👏 are 👏 only 👏 out 👏 to 👏 protect 👏 their 👏 book 👏

Mandibular Fiasco
Oct 14, 2012

namaste friends posted:

http://archive.is/M4XOb


👏 bank 👏 economists 👏 are 👏 only 👏 out 👏 to 👏 protect 👏 their 👏 book 👏

Screw housing and screw idiot bank economists who are conflicted eight ways from Sunday. If the Canadian government doesn't defend the Canadian dollar, I will take what little money I have in Canadian investments and pour it all into the American dollar and double down on a gas-fuelled economy and a currency play. TSX has done nothing in the last ten years, while the US has been on a steady climb out of the dumpster. Meanwhile, we'll all be paying $20 for a head of lettuce from California with a 50 cent dollar.

namaste friends
Sep 18, 2004

by Smythe
https://twitter.com/extraguac4me/status/968929918535925760?s=21

Lol 8%

#yolo

namaste friends
Sep 18, 2004

by Smythe
https://www.theglobeandmail.com/real-estate/vancouver/cibcs-new-rules-for-foreign-clients-could-squeeze-vancouver-market/article38125303/

quote:


CIBC’s new rules for foreign clients could squeeze Vancouver market

A clampdown on lending rules for foreign buyers could prove to be a major game changer for Vancouver's housing industry.

Canadian Imperial Bank of Commerce has sent out a memo to its mortgage specialists that said, as of Feb. 1, it has ended its Foreign Income Program and will introduce more stringent requirements for foreign clients.

Reacting to the federal regulator's new "rigorous due diligence" requirements for all financial institutions, the bank now requires proof of foreign income that is claimed in Canada. Income from a foreign source would be declared on Canada Revenue Agency forms, such as the client's T1 General, foreign income verification statement T1135 or a T1134, if a company were being used to apply. The bank will be looking for a Canadian credit bureau report or a foreign credit bureau report for disclosure of liabilities. In other words, the bank is seeking a higher standard of third-party verification.

Industry insiders say it's likely Canada's other big banks will follow CIBC's lead. Taken together with the recent announcement that British Columbia is broadening the foreign-buyers tax and increasing it from 15 per cent to 20 per cent, taxing empty houses used for what the province calls speculation another 2 per cent and tracking condo presales, the move adds another major squeeze to the Lower Mainland's housing market.

"I think it will have an impact on that superluxury part of the market," says Hani Lammam, vice-president of development and acquisitions for Cressey Development Group. "I'm sure it will. Because, you know, high-net-worth individuals tend to be creative with their finances with their taxes. They play games. I'm sure they don't want to disclose more than they have to."

In the summer of 2016, the Office of the Superintendent of Financial Institutions (OSFI) publicly scolded Canada's mortgage lenders for not paying close enough attention to foreign buyers' incomes, indebtedness and credit scores. In an open letter, the regulator said those risks had increased. On Jan. 1, OSFI brought in new guidelines for all uninsured mortgages, with stronger requirements around verification of income.

The requirement for the submission of Canadian tax forms is huge, immigration lawyer Richard Kurland says.

"It's the information-sharing component which is the core explosive game-changer," he says. "When banks report information, our Canadian financial security authorities get to communicate with their foreign counterparts. And that can mean foreign tax authorities, like Beijing tax collectors or Uncle Sam get the heads up. Canada says, 'Show me what was reported to you as global income property and we'll show you what was reported to us.'

"Knocking on Canada's door can trigger audits back home. That's what you want to see."

A CIBC communications representative said the former Foreign Income Program had been cancelled and a more rigorous verification process was in place. The representative, who declined to be identified because she was not authorized to speak publicly, said that the bank has always verified foreign-buyer income and followed regulator guidelines. But the change of the regulator's language, from "reasonable" due diligence to "rigorous," had meant stepping up requirements. Requests for official comment from the bank were not returned.

All banks contacted for a comment, including CIBC, Royal Bank of Canada and Toronto Dominion Bank, said that they have always done due diligence to verify income and assets for all applicants, and that they've met regulatory requirements.

Royal Bank of Canada said in a statement that it requires the non-resident applicant to confirm that they or a family member intends to live in the Canadian property. The person residing in the property would need to provide proof they are allowed to reside in Canada, for example, a student study permit.

Some banks offering special programs to foreign buyers have come under the gun in recent years for making allowances for non-resident buyers that would never be given to Canadian citizens, particularly around income verification.

Mortgage broker Monique Cornish says that with the changes, CIBC will have one of the most rigorous application processes for non-resident buyers.

"CIBC has been known in our industry as having a fairly large portion of their mortgage portfolio made up of non-resident and new immigrant borrowers, so I'm going to guess that perhaps they had a little bit of pressure put on them by the federal government to implement some new guidelines that would make it a little trickier to qualify for mortgages, and perhaps reduce the percentage of their portfolio that had non-resident borrowers and newcomers to Canada," Ms. Cornish says.

Ms. Cornish says it's also well known in her industry that people with non-resident or new permanent status in Canada have secured mortgage loans with little or no verifiable income to support the loan payments.

"A great example of these individuals – who don't generate sufficient income, or any income, to be able to support the loan – has been students attending university or getting a postsecondary education in Greater Vancouver. Some of the tightening that has been taking place recently is likely a result of these types of examples."

Reza Sabour, a mortgage broker and director with the Canadian Mortgage Brokers Association of B.C., says he has heard through the industry grapevine that the other banks will follow CIBC's lead on the stringent lending rules over the next few months.

"At the moment, they seem to be the first one that's been pre-emptive in doing it, but we suspect that all the banks will be doing it now, too. From my experience, any time there's a little government crackdown on these types of policies, the other banks quickly start to follow because they typically don't want to be audited. And OSFI is quite heavily watching the banks right now."

He says that he's seen banks become increasingly strict the past couple of years with foreign lending rules in the face of mounting pressure from OSFI, as well as intense media coverage of foreign capital.

"We did hear some rumblings that all the banks are trying to be on OSFI's good side right now … they are being pro-active, offering to tighten things up."

There are two types of programs that are used by foreign income buyers to obtain Canadian mortgages. One is for newcomers to Canada, intended to help those with new permanent residency status get into the market in their first few years in Canada. The other is for non-residents, who are people residing outside the country.

"The non-resident mortgage is the hot button product, the one that tends to create what some Canadians perceive to be a double standard," says Mr. Sabour.

While many foreign-owned homes are likely rented out, many other homes are clearly left empty, which has contributed to the city's near-zero vacancy rate and affordability crisis.

"Obviously, there was a problem with that in Vancouver and somebody was approving all those mortgages," Mr. Sabour says. "That created a massive issue, as it should. I think it's fantastic the province is starting to look at that … anything that cracks down on that is a huge win for the local population. Hopefully, it makes enough of an impact where it changes the behaviour."

Mr. Sabour has clients who are local income earners and yet are unable to obtain approval for a mortgage owing to stress-testing measures. And over the years, he's also seen non-residents who were not living in the country but wanted to own real estate in the Lower Mainland for investment purposes who qualified with greater ease because the stress-testing rules didn't affect them as much – since they are able to make large down payments. The standard qualifications for non-residents have been 35 per cent down, 12 months mortgage payments and property taxes upfront, with varying levels of due diligence on income verification and liabilities. Some banks have been more lax than others.

"It would frustrate me as a mortgage broker because I had a lot of clients paying taxes here, doing what their parents said to do – grow up, get a job, save your money and don't ruin your credit rating – and it was very frustrating for them not being able to qualify," says Mr. Sabour, whose own family immigrated to Canada 30 years ago. "I have had two professionals get turned down because of the new [stress test] rules. "And I know obviously some local clients do find that frustrating, because the mortgage rules are impacting them most and someone who is bringing millions of dollars from overseas is not going to care about a 2-per-cent stress test on that qualification. But someone who's worked really hard and now has to move two municipalities away to buy a townhouse, that's frustrating. And it's frustrating for us, too."

The regulator said the change was not targeting foreign buyers or any one bank. Spokeswoman Annik Faucher said OSFI couldn't disclose dealings with specific banks.

"Given record levels of household indebtedness and vulnerabilities in some housing markets, OSFI places an even greater emphasis on financial institutions' prudent mortgage underwriting," she said in a statement.

The guideline states: "[Federally regulated financial institutions] should demonstrate rigour in the verification of a borrower's income, as income is a key factor in the assessment of the capacity to repay a mortgage loan, and verification of income helps detect and deter fraud or misrepresentation."

The new rules likely wouldn't affect the presale market since presale purchases often don't require preapproved mortgages. If a presale project is several years from completion and the buyer is intending to flip it, they only need that first deposit. Also, the bank wouldn't guarantee a mortgage that far out, since a person's financial status can change and so, too, can lending rules, real estate lawyer Wes McMillan says. But he says lending restrictions could definitely affect Vancouver's overheated housing market.

"They could go to a private lender or put their money in another market."

burn this motherfucker down

namaste friends
Sep 18, 2004

by Smythe
http://www.cbc.ca/news/politics/tax-evasion-privacy-crime-1.4554901

quote:

Canadians' confidential tax info to be shared with police in other countries
Government shouldn't hide Criminal Code changes in the budget, says civil liberties advocate

Confidential information from Canadian taxpayers could soon be shared with police and authorities in three dozen countries around the world, under measures included in Finance Minister Bill Morneau's latest budget.

In an inconspicuous section tucked into a small 78-page annex to the budget, the government says it wants to give police and tax authorities new powers to fight tax evasion and advance international investigations into serious crimes, ranging from drug trafficking and money laundering to terrorism.

"The sharing of information internationally for the investigation, prosecution and suppression of serious criminal offences, both tax-related and non-tax-related, is vital to the global fight against serious crime and is consistent with the government's commitments to address global tax evasion and improve the fairness of the tax system," says the budget annex.

'Buried' in the budget
A civil liberties advocate accuses the government of using the budget to hide controversial changes to Canada's Criminal Code.

"If you can get something buried in the budget that nobody knows about, sometimes you can get something past without getting the kind of heat it deserves," said Michael Bryant, executive director of the Canadian Civil Liberties Association and a former Ontario attorney general.

"Well, this deserves a lot of heat from the opposition and scrutiny from media."

Bryant said the proposed changes risk affecting Canadians' civil liberties and should be introduced — and debated — as part of a separate bill.

"The big concern is that Canada would be unwittingly participating in a star chamber investigation and prosecution of somebody in another jurisdiction, or that Canadians would in essence be thrown under the bus and information would be shared with other jurisdictions that don't have our due process and constitutional protections," he said.

Finance Department spokesman Jack Aubry said the provisions were included in the budget because the budget drafting process is where the government analyzes ways in which the tax system can be improved, including in such areas as information-sharing.

"The Government of Canada is committed to implementing strong standards for corporate and beneficial ownership transparency that provide safeguards against money laundering, terrorist financing, tax evasion and tax avoidance, while continuing to facilitate the ease of doing business in Canada," he said.

Enhanced powers
Three separate provisions outlined in the budget annex would enhance the powers of Canadian authorities to share confidential information about Canadian residents.

Currently, the Canada Revenue Agency can share confidential tax information about Canadians with authorities in other countries that are investigating serious cases, such as tax evasion. However, under Canadian law, the CRA cannot share that information with officials in another country investigating a crime other than tax evasion.

"While many of Canada's mutual legal assistance partners are able to share tax information in response to a request from Canada for mutual legal assistance, Canada lacks the legal authority to reciprocate," officials wrote in the budget annex.

That's about to change.

"Budget 2018 proposes to enable the sharing of tax information with Canada's mutual legal assistance partners in respect of acts that, if committed in Canada, would constitute terrorism, organized crime, money laundering, criminal proceeds or designated substance offences," says the document.

Canada currently has mutual legal assistance agreements with 35 other countries or bodies, including the United States, Brazil, Belgium, France, Israel, Russia and China.

That means authorities in one of those countries investigating someone for a crime like money laundering or drug trafficking could apply to Canada for that person's tax records and obtain them.

The proposed new policy affects more than tax information.

While tax authorities in other countries can ask Canada for an individual's tax information, that policy currently doesn't extend to other information like bank account records. Under a second proposal, the government would allow the legal tools contained in the Mutual Legal Assistance in Criminal Matters Act — such as court orders — to be used to obtain information being sought by another tax authority.

Policy gives police more access to tax information
"These tools include the ability for the Attorney General to obtain court orders to gather and send information," says the annex.

The government also plans to give Canadian police more access to tax information. Currently, police investigating certain crimes can obtain a court order to get income tax information. The government plans to extend that ability to access confidential information to the Excise Act, which taxes a variety of products, including tobacco and alcohol.

While the proposal was included in the budget documents, it does not require any government spending.

When asked by CBC News, Morneau read the provisions but was unable to explain them, referring questions to Finance Department officials. An adviser to the Prime Minister's Office and an adviser to Morneau also were unable to answer questions about them.

A Finance official later said the proposals originated with the Justice Department.

While the proposal was included in the budget, it will require the approval of Parliament before it can become law and be implemented. Aubry said it has not yet been decided whether the policy will be part of the budget implementation bill or some other piece of legislation.

The proposals, he said, are an extension of existing legal processes which include safeguards, such as the requirement that judges in such cases grant two court orders — one to obtain the information and a second to permit sharing it with authorities in another country.

Government stepping up fight against tax evasion
"I think Canadians should always care (about) their confidential taxpayer information, how it is being used and if it is being shared. It is always incumbent on the government to ensure that ... the information is treated confidentially and Canadians are aware how it might be used across the government if it ever breaches the silo of the tax department, or outside of the department but also outside of the country."

The proposals came as the government also announced measures to step up its fight against offshore tax evasion.

For example, the government plans to invest an extra $90.6 million over five years to address additional cases of tax evasion and aggressive tax avoidance and will provide $41.9 million more over five years to hire staff at the Tax Court of Canada.

The budget also contains measures to tighten up the rules surrounding foreign affiliates.

:qq: ARE PRIVACY :qq:

Mandibular Fiasco
Oct 14, 2012

This is the best news in the budget. Now that China is run by a dictator for life, the money launderers are going to be running scared. About time this idiot country grew a spine and started defending the interests of its people.

namaste friends
Sep 18, 2004

by Smythe
https://www.reddit.com/r/vancouver/comments/8156i1/canadians_confidential_tax_info_to_be_shared_with/dv0roxk/

quote:

People keep pressuring politicians to do something about "money laundering" (a made up second-order crime that criminalizes financial privacy for the entire population, that was created because the justice system was too lazy to prosecute the first order crime committed by a small population of criminals), and then get surprised when measures like this are passed.

this reddit comment is everything

added screenshot just in case it gets deleted

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
How do you have so much time to scour and post news CI

namaste friends
Sep 18, 2004

by Smythe
i'm on gardening leave rn.

HookShot
Dec 26, 2005
LOL our local MP wrote a letter to the local paper saying that it was "unconscionable" that the budget says hotel taxes can be used to build affordable housing, making that money compete with tourism and marketing.

Get hosed, Jordan Sturdy, you piece of poo poo.

UnfortunateSexFart
May 18, 2008

𒃻 𒌓ð’‰𒋫 𒆷ð’€𒅅𒆷
𒆠𒂖 𒌉 𒌫 ð’®𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑


I told my family doctor I'm leaving the country because the economic situation in Vancouver keeps getting worse. He's from South Africa, moved here in 2006 and said he thought prices were insane then so he never bought a house. And now even he can't afford one in a nice area.

Seems normal.

namaste friends
Sep 18, 2004

by Smythe
you just need to adjust your expectations!!!!!

namaste friends
Sep 18, 2004

by Smythe
http://www.cbc.ca/news/canada/british-columbia/bc-speculation-tax-kelowna-1.4556729

quote:


Kelowna mayor says B.C.'s speculation tax could have 'dire unintended consequences'

Finance minister says B.C.-wide tax needed or speculators will move around province

Kelowna Mayor Colin Basran says he wishes the province had consulted him or even provided a warning about the new speculation tax the B.C. government announced in its 2018 budget.

:qq:"It would have been nice," Basran said, adding the lack of notice and consultation on the new measure caused fears in his community and he wants answers.:qq:

"What we're hearing right now in the community is there's a lot of concern," he said. "This may have some very dire unintended consequences.

"We need to take some time and make sure we get this right."

Basran says those concerns are loudest from the business community and out-of-towners who have bought property in Kelowna.

They're worried about:qq: "disastrous":qq: impacts on the local economy from what Basran says is more like an empty homes tax "which is potentially going to stop people from investing in our economy."

:qq:What about student housing?:qq:

Basran, who was a realtor before he became mayor in 2014, said many low- and medium-income earners in Kelowna have found it nearly impossible to get into the local housing market.

And while he admits the status quo isn't ideal, he thinks the tax is the wrong way to go.

For example, many students rent houses from landlords who live outside the province. He said some of those homeowners might be subject to the new tax, but it's not clear.

"There's a lot of uncertainty.":qq:

Finance Minister Carole James, in a statement, said the government must take action to address "rampant" speculation that has put home prices out of reach for many.

James said by applying the speculation tax to major urban centres throughout B.C., the government won't simply be driving speculators out of one community and into another.

"We want the tax system to be fair for the people that live, work and pay taxes here," she said in the statement.

As for the lack of consultation, James said "it is standard practice for the province to develop tax policies independently and confidentially."

Basran says Kelowna city council is gathering information and holding meetings with the business community to find a way to "tweak" or find alternatives to the tax for his city.


tldr kelowna mayor is a realtor. think tax intended to reduce demand in a housing bubble is unfair to the :qq: community

Oakland Martini
Feb 14, 2008

D&D: HASBARA SQUAD
THE APARTHEID ACADEMIC


It's important that institutions never take a stance like "genocide is bad". Now get out there and crack some of my students' skulls.
I mean it should be province wide, he's right about that.

James Baud
May 24, 2015

by LITERALLY AN ADMIN

Oakland Martini posted:

I mean it should be province wide, he's right about that.

The applicability to non-BC Canadian residents is silly. Should be basing it on Canadian taxes paid, not BC taxes.

There's a rather high degree of mobility between AB and BC in the interior, but especially the border regions. (Not least because moving to Calgary or even Edmonton is way better in most cases than Vancouver if you come from the interior cities.)

cowofwar
Jul 30, 2002

by Athanatos
If you are part of the 0.001% in Vancouver you can spend almost all of your $500k a year to afford a mortgage on a dilapidated house near downtown.

namaste friends
Sep 18, 2004

by Smythe
come on that's hyperbole. You only need to spend 250k a year

yippee cahier
Mar 28, 2005

quote:

For example, many students rent houses from landlords who live outside the province. He said some of those homeowners might be subject to the new tax, but it's not clear.

Who can say if a vacant house tax will apply to houses with tenants living in them?

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I would blow Dane Cook
Dec 26, 2008

Does the owner hate symmetry or something?

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