REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 05-04-2017, 04:11 AM   #9726
i like gifs
 
Ch28's Avatar
 
Join Date: Dec 2001
Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
Failed 4,294,967,295 Times in 169 Posts
Posted this in the election thread earlier, but it applies in here as well

New York Times Exposes BC Liberal Corruption with regards to Real Estate

Quote:
"Participating companies have created few jobs, according to government figures, while more than 140 million Canadian dollars ($106 million) have been doled out in tax refunds since 2008, when the initiative was expanded."

“The government is selling B.C. as a tax haven for the global elite to park investment here, but not have to contribute.”
"At one point, the tax breaks were projected to create more than 13,000 jobs in British Columbia. According to ministry figures, though, fewer than 300 have been created as a result of the program, and possibly as few as 122."

"Experts say that with few public details, it is hard to tell whether the plan is worth the lost tax revenue. They also say the lack of disclosure prevents the public from knowing if companies are using the province as a pit stop on a global quest to avoid taxation."

"The tax breaks favor foreigners in other ways, too. Companies can receive refunds on real estate activities with foreigners, including mortgage loans on property in Canada for international buyers. Conducting the same domestic activities for Canadians would not qualify for the refunds. This has raised concerns that the tax refunds may encourage banks and other companies to prioritize foreigners over Canadians in Canada’s overheated housing markets."
tl;dr: Government finances the purchase of property to foreigners through tax breaks that are not available to citizens. The tax breaks are paid for by the citizens who pay tax, those corporations benefiting from the breaks are tax exempt, of course, or taxes at the CCPC rate, which is designed to encourage and promote small businesses in the province.
Advertisement
Ch28 is offline   Reply With Quote
This post thanked by:
Old 05-04-2017, 06:31 AM   #9727
RS.net, helping ugly ppl have sex since 2001
 
hud 91gt's Avatar
 
Join Date: Feb 2002
Location: Vancouver
Posts: 8,344
Thanked 3,986 Times in 1,538 Posts
Failed 35 Times in 27 Posts
Quote:
Originally Posted by Tapioca View Post



The census is conducted every 5 years. The government has 3 sets of census data over the last decade.
Maybe i'm way out to lunch, I was under the impression somewhere in the last decade Harper put huge cuts in the census (Or even cancelled) for budget cuts.
__________________
Crush - 1971 Datsun 240z - Build Thread
The Daily - Rav4 V6 - “Goldilocks”
hud 91gt is offline   Reply With Quote
Old 05-04-2017, 11:11 AM   #9728
y'all better put some respeck on my name
 
Harvey Specter's Avatar
 
Join Date: Dec 2002
Location: Vancouver
Posts: 18,406
Thanked 9,463 Times in 2,438 Posts
Failed 393 Times in 159 Posts
So studio apartments with no parking which are usually around 420-450sq/ft in DT are now selling for $475k-$500k. For perspective, the same units were selling for around $400k a few months ago. Unreal.

Last edited by Harvey Specter; 05-04-2017 at 11:16 AM.
Harvey Specter is online now   Reply With Quote
This post thanked by:
Old 05-04-2017, 05:16 PM   #9729
nah
My homepage has been set to RS
 
nah's Avatar
 
Join Date: May 2001
Location: New Westminster
Posts: 2,339
Thanked 357 Times in 165 Posts
Failed 41 Times in 24 Posts
Quote:
Originally Posted by Harvey Specter View Post
So studio apartments with no parking which are usually around 420-450sq/ft in DT are now selling for $475k-$500k. For perspective, the same units were selling for around $400k a few months ago. Unreal.
Thanks for the interest free loans Krusty!
nah is offline   Reply With Quote
Old 05-04-2017, 05:36 PM   #9730
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,737
Thanked 15,065 Times in 6,024 Posts
Failed 2,068 Times in 693 Posts
Quote:
Originally Posted by nah View Post
Thanks for the interest free loans Krusty!
Personally I chuckle moreso at the people who voted in Justin thinking affordable homes were coming along with the liberal platform.

Everyone should have known christy had no intention of actually pulling the trigger on any tangible affordability effects. Justin however I saw a few people voting for him based strictly on affordability and monies in der pockets
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post FAILED by:
Old 05-04-2017, 07:42 PM   #9731
Performance Moderator
 
68style's Avatar
 
Join Date: Jun 2001
Location: Richmond
Posts: 16,665
Thanked 17,352 Times in 5,806 Posts
Failed 291 Times in 187 Posts
^ What kind of idiot thinks the federal government is going to do anything to lower housing prices in BC?
68style is offline   Reply With Quote
This post thanked by:
Old 05-04-2017, 09:06 PM   #9732
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,737
Thanked 15,065 Times in 6,024 Posts
Failed 2,068 Times in 693 Posts
Quote:
Originally Posted by 68style View Post
^ What kind of idiot thinks the federal government is going to do anything to lower housing prices in BC?
Dumb dumbs
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post thanked by:
Old 05-05-2017, 01:17 AM   #9733
y'all better put some respeck on my name
 
Harvey Specter's Avatar
 
Join Date: Dec 2002
Location: Vancouver
Posts: 18,406
Thanked 9,463 Times in 2,438 Posts
Failed 393 Times in 159 Posts
A few sample studio sales from April...

Yaletown - 432sq.ft - list: $479,000 sold: $512,000
Downtown Robson - 500sq.ft - list: $524,800 sold: $515,000
Downtown Drake - 465sq.ft - list: $529,000 sold: $515,000
Harvey Specter is online now   Reply With Quote
Old 05-05-2017, 08:04 AM   #9734
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,737
Thanked 15,065 Times in 6,024 Posts
Failed 2,068 Times in 693 Posts
Lol... $1,180 sq/ft on that yaletown box
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 05-05-2017, 08:56 AM   #9735
My homepage has been set to RS
 
Join Date: May 2002
Location: Vancouver
Posts: 2,370
Thanked 1,874 Times in 604 Posts
Failed 217 Times in 88 Posts
Quote:
Originally Posted by Harvey Specter View Post
So studio apartments with no parking which are usually around 420-450sq/ft in DT are now selling for $475k-$500k. For perspective, the same units were selling for around $400k a few months ago. Unreal.
I have been watching/buying Studio apartments closely. Not sure where you have been looking Harvey Specter, but this is what I see;

Yaletown: $900 to $1300 per ft
Gastown: $750 to $1000 per ft.

Allot of people in Gasttown advertise at $700 to $800 a ft but they always go above asking.....
__________________
16 GT3 RS
11 R8 V10
17 Long beach blue M2
86 944 Turbo with 340rwhp Lindsay Racing kit
15 991 PTS GT3
18 VW Golf R
Z3guy is offline   Reply With Quote
Old 05-05-2017, 09:01 AM   #9736
I subscribe to Revscene
 
dat_steve's Avatar
 
Join Date: Jun 2006
Location: Vancouver
Posts: 1,909
Thanked 843 Times in 365 Posts
Failed 12 Times in 9 Posts
Quote:
Originally Posted by Harvey Specter View Post
A few sample studio sales from April...

Yaletown - 432sq.ft - list: $479,000 sold: $512,000
Downtown Robson - 500sq.ft - list: $524,800 sold: $515,000
Downtown Drake - 465sq.ft - list: $529,000 sold: $515,000
omgad!! sold for 10k below listing tho! panic! crash!
dat_steve is offline   Reply With Quote
Old 05-05-2017, 09:01 AM   #9737
My homepage has been set to RS
 
Join Date: May 2002
Location: Vancouver
Posts: 2,370
Thanked 1,874 Times in 604 Posts
Failed 217 Times in 88 Posts
Quote:
Originally Posted by Hondaracer View Post
Lol... $1,180 sq/ft on that yaletown box
from an investment standpoint it is not so bad, because if you put down 25% on $500K, your mortgage will be approx. $1400, maintenance $250, property tax $100, $50 insurance for a monthly total of $1800. The cheapest rent you can get in Yaletown is $1700 per month.......
__________________
16 GT3 RS
11 R8 V10
17 Long beach blue M2
86 944 Turbo with 340rwhp Lindsay Racing kit
15 991 PTS GT3
18 VW Golf R
Z3guy is offline   Reply With Quote
This post thanked by:
Old 05-05-2017, 09:36 AM   #9738
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,737
Thanked 15,065 Times in 6,024 Posts
Failed 2,068 Times in 693 Posts
I agree, in my mind though it's very hard for me to invest into a unit which I would never consider living in myself.

However, that was a $150,000 mistake I made about 4 years ago when a developer we were working with offered me a unit that wasn't selling for below list (335k I think) in south surrey. A year later the neighboring unit sold for 520
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 05-05-2017, 09:49 AM   #9739
My homepage has been set to RS
 
Join Date: May 2002
Location: Vancouver
Posts: 2,370
Thanked 1,874 Times in 604 Posts
Failed 217 Times in 88 Posts
^ I know it is tough to buy something you would never live in, but people buy stocks in a company that they would never actually buy their product, same kind of thinking when it is an investment......
__________________
16 GT3 RS
11 R8 V10
17 Long beach blue M2
86 944 Turbo with 340rwhp Lindsay Racing kit
15 991 PTS GT3
18 VW Golf R
Z3guy is offline   Reply With Quote
This post thanked by:
Old 05-08-2017, 12:06 AM   #9740
nah
My homepage has been set to RS
 
nah's Avatar
 
Join Date: May 2001
Location: New Westminster
Posts: 2,339
Thanked 357 Times in 165 Posts
Failed 41 Times in 24 Posts
Gary Lamphier: In Vancouver, houses generate higher incomes than people | Edmonton Journal
nah is offline   Reply With Quote
Old 05-08-2017, 12:23 AM   #9741
nah
My homepage has been set to RS
 
nah's Avatar
 
Join Date: May 2001
Location: New Westminster
Posts: 2,339
Thanked 357 Times in 165 Posts
Failed 41 Times in 24 Posts
Another good article about how foreigners are treating Heritage status homes. The City should fine the shit out of the owners for letting it rot or not give them a permit to build a new house on the lot when this one falls.

Abandoned and flooding Vancouver house raises fears for next door neighbour - British Columbia - CBC News
nah is offline   Reply With Quote
Old 05-08-2017, 12:36 PM   #9742
reads most threads with his pants around his ankles, especially in the Forced Induction forum.
 
Mr.HappySilp's Avatar
 
Join Date: Mar 2004
Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
Failed 929 Times in 340 Posts
Quote:
Originally Posted by nah View Post
Another good article about how foreigners are treating Heritage status homes. The City should fine the shit out of the owners for letting it rot or not give them a permit to build a new house on the lot when this one falls.

Abandoned and flooding Vancouver house raises fears for next door neighbour - British Columbia - CBC News
Lol foreigner that invest in the housing market don't care shit about heritage house coz to them it doesn't look good. They want to build giant homes that covers most of the lot with 15+ bedrooms and they don't care as long as it looks like is build with money (such a Trump's gold color apartment). It lacks any class or personality.
Mr.HappySilp is offline   Reply With Quote
Old 05-08-2017, 12:45 PM   #9743
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,737
Thanked 15,065 Times in 6,024 Posts
Failed 2,068 Times in 693 Posts
Instead of banning the demolition of the heritage homes they should just force developers and owners to build to a certain style that suits the neighborhood.

Imo that house in the article is not "heritage" it's jammed up beside an industrial complex on a busy road with a shit tonne of new infrastructure and buildings. I can almost guarantee you it does not have any sort of historical designation they are just using the term heritage due to the age.

My house was built in 1908 and it has no designation even though it has quite a bit of "character" the money involved in an extensive reno would be redicuous for most places and if push came to shove and I was being held back from tearing down and rebuilding I'd probably just burn my own place down or cause enough structural damage to deem it a write off.
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 05-08-2017, 01:08 PM   #9744
Rs has made me the woman i am today!
 
Join Date: Apr 2007
Location: Langley
Posts: 4,102
Thanked 3,393 Times in 1,284 Posts
Failed 92 Times in 70 Posts
Nothing looks worse than some monstrosity that doesn't fit the neighborhood it's in. The EI's we're/are notorious for this, building some huge pink house in an older neighborhood with houses a quarter of the size.
MarkyMark is online now   Reply With Quote
Old 05-08-2017, 01:24 PM   #9745
To me, there is the Internet and there is RS
 
Manic!'s Avatar
 
Join Date: Apr 2004
Location: Nanaimo
Posts: 16,472
Thanked 7,663 Times in 3,601 Posts
Failed 1,506 Times in 644 Posts
Quote:
Originally Posted by MarkyMark View Post
Nothing looks worse than some monstrosity that doesn't fit the neighborhood it's in. The EI's we're/are notorious for this, building some huge pink house in an older neighborhood with houses a quarter of the size.
Go big or go home. Only the first few houses will look out of place.
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Manic! is offline   Reply With Quote
Old 05-08-2017, 01:28 PM   #9746
Rs has made me the woman i am today!
 
Join Date: Apr 2007
Location: Langley
Posts: 4,102
Thanked 3,393 Times in 1,284 Posts
Failed 92 Times in 70 Posts
I don't mind big, but I do mind big and ugly.
MarkyMark is online now   Reply With Quote
Old 05-08-2017, 02:23 PM   #9747
OMGWTFBBQ is a common word I say everyday
 
Join Date: Apr 2001
Posts: 5,026
Thanked 2,538 Times in 1,155 Posts
Failed 81 Times in 54 Posts
Craftsman or Tudor, or go home.

Brick, shingle, or Hardie plank, or a combination of them. That's it.
Tapioca is offline   Reply With Quote
This post thanked by:
Old 05-08-2017, 11:34 PM   #9748
HELP ME PLS!!!
 
DragonChi's Avatar
 
Join Date: May 2002
Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
__________________
DragonChi's BuySell rating
DragonChi is offline   Reply With Quote
This post thanked by:
Old 05-11-2017, 12:51 AM   #9749
Where's my RS Christmas Lobster?!
 
Join Date: Jun 2002
Location: vancouver
Posts: 813
Thanked 41 Times in 12 Posts
Failed 20 Times in 8 Posts
hey guys.. I got a scenario and I need your opinion. Currently i have an investment house in cloverdale which prob worths 850k. Bought for 637k a year ago with 30% down. So now I am thinking to let it ride and buy more for investment. I can either #1 pull equity from my house and buy 1 house around 700k in Langley, Mission or Abby. #2 sell my house and buy 2 around 700k also out in Langley, Mission or Abby. It seems I could only afford these areas if I wanted detached houses but also because of their potential. There could be a #3 if I wanted condo closer to Vancouver. What do you guys think is the best?
imp>dom is offline   Reply With Quote
Old 05-11-2017, 03:21 PM   #9750
I HERP TO YOU DERP
 
hypediss's Avatar
 
Join Date: Oct 2004
Location: 604
Posts: 1,190
Thanked 235 Times in 103 Posts
Failed 12 Times in 6 Posts
imo a forum is the last place you should be asking advice relating to investments, especially of this amount...

everyone here can claim to have knowledge or some theory of the market but no one would be accountable to the outcome of it
hypediss is offline   Reply With Quote
This post thanked by:
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 04:11 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net