|
Femtosecond posted:Did they bury the dude in the yard? It's probably where they removed the oiltank. And yeah, I've seen articles about how COVID is causing huge slowdowns in the money laundering market, so there's probably a lot of dirty money desperate to put itself into real estate right now. Since there are only a handful of listings (basically estate sales and foreclosures), that's probably why we're seeing those
|
#
?
May 15, 2020 21:51
|
|
|
|
| # ? May 21, 2024 19:54 |
|
|
sitchensis posted:Wait, we also allow foreign students to use our public school systems for a fee? Not just post secondary? That's a surprise. Also just properly fund our schools already instead of relying on sky high foreign student tuition.
|
|
#
?
May 16, 2020 04:16
|
|
|
less than three posted:That's a surprise. And risk making the good residents of the west side of Vancouver mad with another school tax?
|
|
#
?
May 16, 2020 04:22
|
|
|
Lead out in cuffs posted:It's probably where they removed the oiltank. Even before covid the market had slowed down remarkably and estate sales and similar 'forced to sell' situations were already a big chunk of listings. Gotta be even more so now. I'm going from anecdotal things I've heard as I'm sure that sort of data isn't tracked.
|
|
#
?
May 16, 2020 05:27
|
|
|
Wrong thread
Alhazred fucked around with this message at 09:20 on May 17, 2020 |
|
#
?
May 17, 2020 09:14
|
|
|
good news everyone, BC's tourism industry has recovered! I saw my first chinese tour bus of the season in Rogers Pass today. (empty six seat minivan  )
|
|
#
?
May 17, 2020 09:47
|
|
|
A bit off topic, does anyone have any experience or luck getting a reduction in their rent from their landlord because of covid? I'm wondering if it's worthwhile to ask and see.
|
|
#
?
May 17, 2020 19:07
|
|
|
Are you in BC, and is so have you claimed the provincial rent relief?
|
|
#
?
May 17, 2020 19:16
|
|
|
 The Butcher fucked around with this message at 23:31 on May 17, 2020 |
|
#
?
May 17, 2020 23:29
|
|
|
lol
|
|
#
?
May 17, 2020 23:39
|
|
|
I've got a sneaking suspicion that the banks may not actually be our friends.
|
|
#
?
May 17, 2020 23:44
|
|
|
entire financial system like https://i.imgur.com/gILCRix.gifv
|
|
#
?
May 17, 2020 23:54
|
|
|
After I posted that I had to go bike out and physically poke a TD ATM this afternoon like some kind of caveman since the app was refusing to let me do a mobile cheque deposit and the same ad was there on the main screen along with other "having financial difficulties? We are here to help! (you go into debt)" stuff. This seems... ominous.
|
|
#
?
May 18, 2020 02:08
|
|
|
Is this an accurate summary of VanRE? https://twitter.com/gl0balism/status/1262563164220243971
|
|
#
?
May 19, 2020 16:46
|
|
|
eXXon posted:Is this an accurate summary of VanRE? If we're talking west side of Vancouver, it should be Right NIMBY and the last panel NO RENTERS And a 4th panel where Ken Sim is complaining he can't find any foodservice workers and doesn't know why. less than three fucked around with this message at 18:03 on May 19, 2020 |
|
#
?
May 19, 2020 17:59
|
|
|
eXXon posted:Is this an accurate summary of VanRE? Kind of? Mostly? The sole socialist Coalition of Progressive Electors (COPE) councillor is Jean Swanson, who is perceived as a Left-NIMBY and her voting record on rezonings is scattershot random. Sometimes things will sail through while other times she'll vote against seemingly minor projects because of "it'll cause gentrification" and other times because "it's a giveaway to developers". Essentially any rezone at all that offers some sort of bonus density or other trade off in exchange for below market rental units is criticized and perhaps even voted against because the deal "isn't good enough". Seems to me like a sort of open ended concept. Never seen what "good enough" actually looks like. Green Party is also often critiqued as left NIMBY and their voting record also pretty random. Honestly I follow Vancouver muni politics more than most and I still can't sort out any sort of coherent ideology behind this party aside from "not-Vision" and "do what's popular". Femtosecond fucked around with this message at 18:12 on May 19, 2020 |
|
#
?
May 19, 2020 18:00
|
|
|
Maybe someone who was on debate club can give a name to this phenomenon of I dunno, what I'm going to call, "unbounded critiques" but every side of the VanPoli, VanRE argument has one. Left-NIMBY - when faced with a density deal to create affordable housing: "It's not a good enough deal" (what is a good enough deal?) Market Urbanist - when faced with increasing rents despite continued housing development: "we haven't built enough" (how much is enough?) Demand side - when prices/rents remain high despite increased demand side regulation: "we need to crack down on airbnb/speculation/vacant houses" (haven't we done this? Where is more coming from?) It's the instant answer to any problem but always somehow impossible to meet. If there is any effort made to satisfy the critique but which fails, the answer will always be that the solution demands further effort.
|
|
#
?
May 19, 2020 18:11
|
|
|
Given the avalanche of new rentals on the market recently, I'm coming more over to the idea that AirBnB should be outlawed completely in Vancouver. The City has clearly done a terrible job regulating it for the past few years, if they aren't capable or have the resources to do it, then it just shouldn't be allowed at all.
|
|
#
?
May 19, 2020 18:17
|
|
|
qhat posted:Given the avalanche of new rentals on the market recently, I'm coming more over to the idea that AirBnB should be outlawed completely in Vancouver. The City has clearly done a terrible job regulating it for the past few years, if they aren't capable or have the resources to do it, then it just shouldn't be allowed at all. What we're seeing with the City of Vancouver's imperfect regulation of Airbnb is essentially what you get when Airbnb doesn't lift a finger on their end and the onus is 100% on the CoV to enforce and track down violators. The effectiveness of the regulation comes down to how much CoV is willing to spend to mitigate the issue. At some point the enforcement isn't 100% but it's "good enough" for how much CoV is willing to spend.
|
|
#
?
May 19, 2020 18:38
|
|
|
Femtosecond posted:What we're seeing with the City of Vancouver's imperfect regulation of Airbnb is essentially what you get when Airbnb doesn't lift a finger on their end and the onus is 100% on the CoV to enforce and track down violators. The effectiveness of the regulation comes down to how much CoV is willing to spend to mitigate the issue. At some point the enforcement isn't 100% but it's "good enough" for how much CoV is willing to spend. I stand by my original comment that AirBnB should be completely outlawed in the City of Vancouver with steep fines for both owners and AirBnB for flouting the ban.
|
|
#
?
May 19, 2020 18:47
|
|
|
Femtosecond posted:Maybe someone who was on debate club can give a name to this phenomenon of I dunno, what I'm going to call, "unbounded critiques" but every side of the VanPoli, VanRE argument has one. I've been reading Land of Destiny (which was a pro-read, thanks for the suggestion), and my big takeaway is that RE investor capital is a many-headed hydra. You can institute one solution to one problem and cut off a head, but if you're not cauterising the neck by making that solution permanent, while also working on all of the other heads, then it'll just come back stronger than before. Oh and the hydra is also putting money into persuading your buddy helping you that actually the hydra is doing good things for society, and being eaten is really a good thing. We need all of the above. We need more density, but in a way that isn't a hand-out to developers. We need more housing. "Enough" is "more than population growth, then keeping pace with population growth once things have stabilised". Even at the peak of the recent "development boom", the number of units wasn't keeping pace with population growth, let alone addressing the lack of supply. We need to crack down on AirBnB and speculation and vacant houses. Sure we've started doing that, but we've hardly done enough. And really, the solution to all of this is something like the Vienna model. Tank the housing market, the government buys up a bunch of property, and starts building low-income and social housing at an unprecedented scale. Unfortunately this will basically never happen because every level of our government is hosed, and even when they temporarily unfuck themselves, it isn't in a coordinated manner. Vienna is counted as its own province in Austria, so it can take care of its own healthcare and social housing, and it's the capital of the nation, so the national government is right there, experiencing the problems. We have the City of Vancouver alternating between councillors with RE investors' hands firmly up their rectums (like the NPA for the last 70 years) and councillors who actually represent people's interests, with the investor puppets in power more often than not. We have BC alternating between the BC Liberals' naked corporate grift and the NDP trying frantically to repair the damage and protect citizens, with the BC Libs in power more often than not. At the federal level we get the pendulum swinging between the Liberal party who are full-blown neoliberal corporate shills, and the Conservatives who are one step from anarcho-capitalists.
|
|
#
?
May 19, 2020 18:58
|
|
|
qhat posted:I stand by my original comment that AirBnB should be completely outlawed in the City of Vancouver with steep fines for both owners and AirBnB for flouting the ban. The sort of ex-Airbnb's that we're now appearing on the market, that is entire condos that are entirely rented on Airbnb, were already completely outlawed by Vancouver regulations. So it's really an enforcement issue. The only Airbnb use that is legal in Vancouver was renting your primary residence. Likely legal uses would be renting out a room in your house or renting out your apartment for a few weeks while you're elsewhere. Obviously the fully furnished, austere hotel looking apartments we're seeing appear on the market were never someone's primary residence and were never legal.
|
|
#
?
May 19, 2020 19:00
|
|
|
Femtosecond posted:What we're seeing with the City of Vancouver's imperfect regulation of Airbnb is essentially what you get when Airbnb doesn't lift a finger on their end and the onus is 100% on the CoV to enforce and track down violators. The effectiveness of the regulation comes down to how much CoV is willing to spend to mitigate the issue. At some point the enforcement isn't 100% but it's "good enough" for how much CoV is willing to spend. Yeah, some of it is just the scale of the problem. There was an article in November about the City having over 3,600 open cases they were investigating. There is just no efficient or effective way to get through that large of a caseload. https://globalnews.ca/news/6140928/vancouver-short-term-rental-enforcement/ And the bigger problem is that AirBnB shouldn't be left to local governments to regulate. It's a huge multinational business -- that sort of entity needs to be tackled at the national or international level.
|
|
#
?
May 19, 2020 19:03
|
|
|
Femtosecond posted:The only Airbnb use that is legal in Vancouver was renting your primary residence.
|
|
#
?
May 19, 2020 19:20
|
|
|
I'm getting a big raise to move to Toronto later this year and I'm looking at moderately nice apartments or preferably townhouses with a small backyard. I don't understand how anyone can afford this poo poo. I've been watching rent prices weekly for two months now and they have not changed. How do people live like this, it's insane. Canadian rent and housing prices are a national tragedy and crisis and nothing will ever be done about it
|
|
#
?
May 19, 2020 19:22
|
|
|
Just live in a van, brah.
|
|
#
?
May 19, 2020 19:39
|
|
|
Femtosecond posted:The sort of ex-Airbnb's that we're now appearing on the market, that is entire condos that are entirely rented on Airbnb, were already completely outlawed by Vancouver regulations. So it's really an enforcement issue. I'm not suggesting that some should be allowed, I'm suggesting that none should be allowed, like even listing on that website is basically a giant advertisement that you are currently breaking the law. Accepting a booking at all should basically amount to an automatic fine in the thousands.
|
|
#
?
May 19, 2020 19:41
|
|
|
odiv posted:I know very little about Airbnb and Vancouver, so forgive the stupid question, but can you not put your legit B&B on the site? Yes. There's a license for more traditional B&Bs: https://vancouver.ca/doing-business/bed-and-breakfast-business.aspx Or get a full hotel license and charge hotel tax, eg: https://www.cambie.beautifulguesthouse.ca/ Edit: Oh wait, you were asking about putting it on the site, not operating one legitimately. AFAIK there's no law against advertising on AirBnB. The law is against operating a short-term rental without a license and/or outside of the stipulations (particularly that you must live in the unit). But for your legit B&B or hotel, why would you want to advertise it on AirBnB when there are services like Google or Expedia that deal only with legit hotels? Lead out in cuffs fucked around with this message at 20:20 on May 19, 2020 |
|
#
?
May 19, 2020 20:16
|
|
|
There are some actual B&Bs I know of that use AirBnB in addition to other things. I imagine some are trying to funnel people to book from their website or another service. Or they're just trying to get business however they can. AirBnB gets a lot of traffic. Just seemed like Femtosecond was saying that was illegal in Vancouver which seemed weird, but maybe plausible? Though they likely just using meant AirBnB without paying taxes and poo poo. Which is why I asked.
odiv fucked around with this message at 20:52 on May 19, 2020 |
|
#
?
May 19, 2020 20:47
|
|
|
The illegal poo poo is primarily people AirBnB'ing something other than their principal residence, which is where the line is drawn. If resources is the problem, then the people they do catch should be hit so hard with fines that 1) The host never lists again, and 2) The city covers the cost of investigation. If that's not possible, then AirBnB should be barred from the City/Province. Maybe that's a simplistic take, but I fail to see how this problem is completely unsolvable, especially considerating we kept uber and lyft out for many years and that's something which actually provides a service to the general population here.
|
|
#
?
May 19, 2020 22:54
|
|
|
So I wonder what happens to people who have this sprung on them between purchase date and closing date: https://twitter.com/coloradogains/status/1262874816639651844?s=19 (Does it matter for Toronto/Vancouver SFH market since all those properties are uninsurable? Chops off a bit of the reach for move-up buyers I guess.)
|
|
#
?
May 20, 2020 02:37
|
|
|
For contrast, where we assume everything posted on twitter is true and can be taken at face value: https://twitter.com/JulieDeath/status/1262839793198567424?s=19
|
|
#
?
May 20, 2020 02:45
|
|
|
Sassafras posted:So I wonder what happens to people who have this sprung on them between purchase date and closing date: On this topic as well I heard from a lawyer friend that banks have started to tighten up practices. That old tactic of leveraging your HELOC from one property into a down payment on the other property? Won't be accepted no more. You'd be def hosed if you were closing and didn't realize that this big change had taken place. Anyone else heard about this or have an article ?
|
|
#
?
May 20, 2020 03:16
|
|
|
Femtosecond posted:On this topic as well I heard from a lawyer friend that banks have started to tighten up practices. That old tactic of leveraging your HELOC from one property into a down payment on the other property? Won't be accepted no more. I mean, the next paragraph in the linked speech is: quote:If there is an insurance claim, CMHC will be called upon to cover these losses. We are therefore evaluating whether we should change our underwriting policies in light of these market conditions. ie "we're thinking about it", not "this is policy now".
|
|
#
?
May 20, 2020 03:19
|
|
|
Sassafras posted:For contrast, where we assume everything posted on twitter is true and can be taken at face value: North shore realtor spotted.
|
|
#
?
May 20, 2020 05:36
|
|
|
Lead out in cuffs posted:I mean, the next paragraph in the linked speech is: I think what one should take from this is 'this is very likely to be our policy soon, so govern yourself accordingly'.
|
|
#
?
May 20, 2020 05:37
|
|
|
Sassafras posted:For contrast, where we assume everything posted on twitter is true and can be taken at face value: FWIW average joes selling is not what causes wholesale housing meltdowns. It's the investors who own a whole portfolio of mortgage backed securities who need to unload hundreds of properties all at once because all of the mortgages have gone into foreclosure at once.
|
|
#
?
May 20, 2020 05:56
|
|
|
quote:As much as one fifth of all mortgages could be in arrears if our economy has not recovered sufficiently.
|
|
#
?
May 20, 2020 06:08
|
|
|
qhat posted:Lol. This is going to cause complete havoc if these arrears turn into defaults by Christmas. Who are we kidding the Feds will bail out the banks for the mortgages and leave the homeowners hanging just like 2008 in the USA.  Scotiabank told me I was richer than I think!
|
|
#
?
May 20, 2020 06:54
|
|
|
|
| # ? May 21, 2024 19:54 |
|
|
sleep with the vicious posted:I'm getting a big raise to move to Toronto later this year and I'm looking at moderately nice apartments or preferably townhouses with a small backyard. I don't understand how anyone can afford this poo poo. I've been watching rent prices weekly for two months now and they have not changed. I recommend haggling with the landlords. Pretty sure they'll move on the price if you push them right now.
|
|
#
?
May 20, 2020 16:03
|
|
