Vancouver's Real Estate Market

[westopher]

You know that someone who makes 500k and pays 50% in taxes has more money than someone who makes 100k and pays 45% in taxes, right?
You sound like one of those people that thinks moving up a tax bracket means you take home less money. Do some basic math before your posts man.
So to answer your question, sure the guy that bought the new gt3RS takes home less money than the cactus waitress.

[yray]

bruh

more money more responsibility

[68style]

In both these people's cases, they don't even live in BC... so no luxury tax.

Not that this is their concern in any way. They're okay to pay tax on their luxury purchase... just don't think their income should be taxed as much because they are paying so much more than others.

It's an asinine argument though... like they're bitching they have to pay, for sake of argument, $100k in income tax last year... so $100k just disappeared that they could have bought a couple Rolexes with... but Mukhbar or heck even Wendy the dental hygenist paid only $10k.

Okay, but Wendy also only made $40k and they made like $300k... so yah it hurts to see $100k disappear, but it hurts a whole lot less when you have $300k to spend than $30k does.

They just can't understand the reality that anyone below them lives in anymore, it's as simple as that.

It's the same as sick days in the government, I have some ridiculous total like 1500+ hrs of sick leave accumulated... and other people are like "Oh man you're a goof, should have called in sick more often you don't get anything for that" but my attitude is like I am proud of having that amount for 2 reasons: I didn't slack over the years like most of these mouth breathers and I am also super thankful that I've never been sick or, heaven forbid, terminally ill. That's not something everyone gets to say in their life even at this age.

Social safety nets aren't supposed to be there for people to EXPLOIT to the max all the time, it's there to help out the people who need it most. If you don't like that or don't like contributing to that, I would highly advise moving to another country that puts less emphasis on it and hope that your good luck in life continues on as it already has. If you like the safety nets here and the environment that's been created in Canada with the mindset that it has, then just be happy that you're fortunate enough to be a part of it. DOes it mean you can't question decisions? Heck no... it's a democracy... but man the people all over the country that think they're entitled to the max of everything and know how everything works and that they could do it better than everyone else and just complain about how awful everything is, it's mind boggling.

[EvoFire]

Originally Posted by westopher

Minimum wage is literally meant to be a living wage. That's why it was created.
The people with hundreds of millions, or billions are the ones making the economy falter. Not the poors. It's a tale as old as time.

My interpretation is different, it's more so that people aren't legally exploited being paid less because of age/sex criterias, though that only guarantees the lowest denominator.

The boat for minimum wage as a livable wage has set sailed LONG ago and if you want min wage to be parity to livable wage you just introduce a lot of other issues. You can't tell me $35k annual is a living wage in Vancouver or Victoria or Kelowna for a single person, even $45k is cutting it pretty close when you consider rent is easily $2k a month. And no, manic's idea of 6 guys living in a 1bd condo is not a living wage.

[westopher]

Yes the point is it isn't a living wage but the reason it was created is for people to be paid enough to survive.
You saying it shouldn't be goes against the principle of what it exists for. It doesn't mean I believe it is currently.

[PeanutButter]

Our taxes are marginal. I think it's one of the most fair tax systems available. I'm right leaning all day, but I do think the people with more should be paying more. So our tax system is pretty efficient I feel.

In regards to this new capital gain tax rule, I think it's a cleaver way to increase revenue while affecting the least amount of people. I have friends talking about how unfair it is and this rule won't even affect them. Who's making $250k capital gains per year? Now does this new rule actually reduce investment in Canada? That is possible I guess, but how do you even quantify that?

[Hondaracer]

Originally Posted by westopher

Yes the point is it isn't a living wage but the reason it was created is for people to be paid enough to survive.
You saying it shouldn't be goes against the principle of what it exists for. It doesn't mean I believe it is currently.

Places like CoV have literal definitions for both living wage and min wage. To evo’s point I don’t think both of them have much correlation anymore

Min wage is basically share a bed or sleep on a floor in order to survive. Min wage used to be a “kids” starting point now it’s an army of manics minions staffing Tim hortons and sleeping in hot beds.

I couldn’t afford to live in my suite if I even made a “living wage” Franky. $2000 a month is 48k a year. On a living wage what does that leave you with to survive? 15k? lol fuck

[68style]

^ $24k a year, but still doesn't leave you with anything on, say, a 50k salary

[Hondaracer]

Some good math there on my part

[RabidRat]

Originally Posted by JDMDreams

Is he actually making money though? Let's say he makes $500k, he's like paying 50% of that to the gov, plus they have to deal with that new capital gain rule. He's also paying all the bs luxury tax for the gt3.

So how's that fair, you make it, great success but you get taxed to death. How would the min wage cactus waitress feel if the gov took 50% of her $17.4 and her tips from having her tits out.

Then you have all the buddy guy no engrish, Uber driver, with unemployed wife and 5 kids, that's milks Max child tax benefits and low income credits that gets them like $3-4000 a month for breathing?

It's the same thing with doctors, you can see their salary $350k but do they actually make that much after taking off employees and rent for a family practice.

A GT3 is so unnecessary it doesn't even show up on this pyramid. Where are our priorities as a country if we're going to prioritize some asshole getting his GT3 vs putting food on someone's table?

I can't imagine anyone would prefer to be be poor, no matter how great a deal they're going to get on their tax rate. If they had the opportunity, they too would rather be successful, even if it's not "a good deal on tax".

[Manic!]

There is no shortage in Canada of people who want to buy a GT3. The problem is there are not close to enough GT3 allocations.

In Canada we have way to many people with way too much money, too many people with not enough money, and not enough people in the middle.

I really don't understand what Hehe is trying to do. He already has a ton of money but want's to rip his kids out of school and become a citizen of another country for what? A few more dollars in the bank? When his kids want to go to university they will probably have to leave the country they are living in to go to school. get a job, get married have kids all in another country.

[Hondaracer]

A country not overrun with drug addicts, social warriors, and crime in his case. Must be nice

As the brain drain accelerates you’ll only see more and more incompetence in govt. which ultimately, means more money out of your pocket.

Projects like the North short waste treatment plant and site C are only the tips of the ice burgs. How much does anyone want to bet the Massey tunnel replacement goes over budget? 25%? 50%? There isn’t even a shovel in the ground or a plan in place and you can guarantee it will be a disaster.

Canada has lost its way and unless you’ve got some $$$ things are going to get substantially worse in terms of quality of life for most. I’d love to test the waters elsewhere but things change and ultimately I may be able to later in life and not have to work at all.

In terms of schooling I already have colleagues who can barely afford to but enroll their kids in private schools to not have to deal with all the politics and BS that comes with the public system. I’m sure you can pay for an infinitely better education abroad and ultimately go wherever you want for post secondary.

[RabidRat]

What's the politics and BS in public school? Genuine question.

[mikemhg]

Originally Posted by 68style

My buddy was working on a property in West Van the other day he sent us some pics, dude bought 2 lots around him just to not have neighbours and his garage delivers cars to the front door of a 20,000sq ft house that's brand new.

These people are the ones stashing their literal mountains of cash off-shore or funelling it out of the country.

Look at the Disney CEO?? He makes $37M just his salary last year and they're fighting over minimum wage for park workers? He could cover the entire park's salaries by just turning down 1 paycheque. The gap from bottom to top is way too wide and the ones at the top are the ones that are saying oh we need to make cuts blah blah blah profitability blah blah blah economy blah blah blah meanwhile they're contributing nothing and just take take take.


Funny enough in this same vein, of all the people I know in various circles of my life, the 2 richest people that I know personally enough that they would talk about things in more than a "Hey how was your day" type of way... but the 2 biggest complainers about the economy and using terms like communist or socialist are both those 2 richest people that I know. I listen to them complain non-stop about how much taxes they pay and fuck this country etc and both of them are taking delivery of brand new Porsche's next month... one a GT3 RS and the other one whatever the electric wagon is called (I don't care because it doesn't interest me). Like, they literally are so high up they can't even see how life really is, just that they can't figure out how to keep ALL of it. Ridiculous. I told the 1 of them the other day when they said fuck this country like... bro... you JUST posted to your IG feed that you're taking delivery of a GT3 RS next month... that car costs as much as a house in most provinces in this country... you are making more money this year than you ever have in any other year... what exactly is going wrong for you that the country is fucked? No surprise he's a PP supporter too lol

Waiting for Hehe to jump on this one

[JDMDreams]

Because Canada is now human rights > anything else. Can't do drugs? No problem human rights, killed someone? No problem human rights, you can sprinkle some mental illness on top. Just like the lady who got killed from the guy on bail release who broke into her house. Molested a kid? Say no more, delay the trial and get it cancelled.

Yea, Canada sure is a great place to raise those imaginary unaffordable kids. Where's the $10 day care? Don't forget to remind them what sogi is, and they can identify as a dog if they'd like.

[Hondaracer]

Originally Posted by RabidRat

What's the politics and BS in public school? Genuine question.

The main thing my colleagues seem to bring up is all the push and pull with Sogi, gender politics, pulling back curriculums for the sake of the dumbs, etc.

[westopher]

Hehe is stickin it to the libs by uprooting his whole life because you can't even have help here below minimum wage because woke.

[EvoFire]

Originally Posted by Hondaracer

A country not overrun with drug addicts, social warriors, and crime in his case. Must be nice

As the brain drain accelerates you’ll only see more and more incompetence in govt. which ultimately, means more money out of your pocket.

Projects like the North short waste treatment plant and site C are only the tips of the ice burgs. How much does anyone want to bet the Massey tunnel replacement goes over budget? 25%? 50%? There isn’t even a shovel in the ground or a plan in place and you can guarantee it will be a disaster.

Canada has lost its way and unless you’ve got some $$$ things are going to get substantially worse in terms of quality of life for most. I’d love to test the waters elsewhere but things change and ultimately I may be able to later in life and not have to work at all.

In terms of schooling I already have colleagues who can barely afford to but enroll their kids in private schools to not have to deal with all the politics and BS that comes with the public system. I’m sure you can pay for an infinitely better education abroad and ultimately go wherever you want for post secondary.

I'm just pick on one thing, you'll be the same person bitching if Site C wasn't built and now your hydro bill quadruples because BC needs to buy half their power from Washington state.

[JDMDreams]

Meanwhile in Canada, you can fail math, but don't forget you can identify as mraaaam. Also no way in hell can you raise rents inline with inflation or property tax %s.

I guess the other way to win the Canada lottery is to do ancestry DNA test, identify as 0.00001% native cuz they all swam over from Asia so same same. Then change your name to sukdeep hawk tuah whalepenis, visible minority x native and get dat sweet sweet status card.

[Hondaracer]

Originally Posted by EvoFire

I'm just pick on one thing, you'll be the same person bitching if Site C wasn't built and now your hydro bill quadruples because BC needs to buy half their power from Washington state.

It was obviously needed to be built, same with TMX, etc.

All I’m saying is too much to ask to even be within the stratosphere of the initial price? This is incredible miss-management in project procurement.

Basically you have to lie to the public when providing an estimate and then accept any and all cost overruns because of the lack of talent and skilled enough work force to build these projects. Who else could have built TMX other than a Keiwit etc?

That north Van treatment facility is what, double the budget and abandoned by the initial contractor? That is -crazy- for a project like that.

If you operated like this in the private sector you’d be done. But it’s willingly accepted in the public sector. I’m sure if you spend 10 minutes digging into it comparable projects in sale by private enterprise are neverrrrrr this poorly managed.

[JDMDreams]

^ it takes like 2 years + to replace a pipe, repave a road in worse condition than before they dug it up. Don't forget the road is dug up closed with cones unusable all that time, + you pay 6-7 fat guys/ broads who hold slow/ stop signs while smoking. Everyone else just stands around and looks at the hole.

Meanwhile there's 3rd world China that can get it done overnight. But then that's against human rights and we're too good for that.

[westopher]

Originally Posted by JDMDreams

Meanwhile in Canada, you can fail math, but don't forget you can identify as mraaaam. Also no way in hell can you raise rents inline with inflation or property tax %s.

I guess the other way to win the Canada lottery is to do ancestry DNA test, identify as 0.00001% native cuz they all swam over from Asia so same same. Then change your name to sukdeep hawk tuah whalepenis, visible minority x native and get dat sweet sweet status card.

Yeah indigenous people have had it so easy.
Fuck you're an idiot.

[Manic!]

Originally Posted by Hondaracer

A country not overrun with drug addicts, social warriors, and crime in his case. Must be nice

As the brain drain accelerates you’ll only see more and more incompetence in govt. which ultimately, means more money out of your pocket.

Projects like the North short waste treatment plant and site C are only the tips of the ice burgs. How much does anyone want to bet the Massey tunnel replacement goes over budget? 25%? 50%? There isn’t even a shovel in the ground or a plan in place and you can guarantee it will be a disaster.

Canada has lost its way and unless you’ve got some $$$ things are going to get substantially worse in terms of quality of life for most. I’d love to test the waters elsewhere but things change and ultimately I may be able to later in life and not have to work at all.

In terms of schooling I already have colleagues who can barely afford to but enroll their kids in private schools to not have to deal with all the politics and BS that comes with the public system. I’m sure you can pay for an infinitely better education abroad and ultimately go wherever you want for post secondary.

Lets look at Monaco. A country with a pop of 40K. Looking at hehe's posts he is looking at living in one of the poorer area's of the country. Whats the point of living in Monaco if you don't have a yacht in the marina.

Another country he is looking at is Costa Rica. I know a Canadian who lived there for decades he and his Costarican wife moved back to Canada because it is to dangerous. You basically stay in your gated community and don't leave it unless you absolutely have to. A lot of people hire private security. Go look at what the Canadian goverment has to say. https://travel.gc.ca/destinations/costa-rica .

YouTube

Look at the comments in the video.

Spoiler!

My partner and I were the victims of an armed home invasion by three masked men in 2018. We had just finished our dream home near Playa Hermosa just south of Jaco. We were hogtied with zip ties with a gun to our head and knives to our throats for almost 5 hours. They destroyed our just built house. Ripped cabinets and mirrors off walls thinking we had money and valuables hidden there. We were certain they would kill us when they put a mattress up against the window of the room the kept us hostage in. I still can’t believe this happened to us. It is something you see on tv or in movies but would never happen to us! Yes, the police were useless. Possibly even involved in the crime. We tried to stay an carry on as we felt by leaving the attackers would win. But we never felt safe again so after six months moved back to the USA. The USA certainly has it’s problems too regarding gun violence. Thought I’d share our experience so folks know these things do happen in Costa Rica and more often than is reported. The tourist industry there certainly does not want this to be common knowledge.

I know next to nothing on Andorra.

[donk.]

Originally Posted by Manic!

I really don't understand what Hehe is trying to do. He already has a ton of money but want's to rip his kids out of school and become a citizen of another country for what? A few more dollars in the bank?

Humans will always want "a little bit more"

Ps, you guys should move this dumpster fire to the fight club

[noclue]

I never found Europeans friendly/accepting to minorities, tolerate at best so good luck fitting in especially in a rich tight-circle one like Monaco. But hey at least you can flex that you live near Toto Wolf and all the other F1 stars