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 01-03-2018, 12:42 PM   #11251
Orgasm Donor & Alatar owned my ass twice!
 
Traum's Avatar
 
Join Date: Aug 2007
Location: Paradise, BC
Posts: 6,917
Thanked 6,650 Times in 2,679 Posts
Failed 253 Times in 139 Posts
BC boosts homeowner grant to 1.65M as assessed value of homes rises again - NEWS 1130

Quote:
Now, anyone who owns a home under $1.65 million is eligible for a $570 basic homeowner grant.

The government says raising the threshold means the grant would be applicable to 91 per cent of B.C. homes, the same percentage as last year.

The province has steadily increased the threshold over the last few years as the value of real estate has climbed, from $1.6 million last year and $1.2 million in 2016.
Kind of hard to believe that a $1.65M dollar amount would cover 91% of BC homes. Given how crazy prices are in the LM, I'd like to know what the percentage of coverage is for homes in the Lower Mainland. My (uneducated wild) guess is, it'd be lower than 75%.

Case in point -- my parents' 50+ yrs old bungalow in East Van where we have been living for the past 30 years has an assessment value that just exceeds the $1.65M amount. I certainly don't think it is a particularly fancy or luxurious house. It is hardly anything more than your typical middle class family home in a typical middle class neighbourhood. But apparently it is somehow part of the top 9% now.
Advertisement
Traum is offline   Reply With Quote
Old 01-03-2018, 02:48 PM   #11252
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,574
Thanked 14,966 Times in 5,970 Posts
Failed 2,061 Times in 690 Posts
Well while Vancouver obviously has the most expensive single family homes, cross boundary and I’d wager to say 90% of the homes east of boundary fall below the threshold. That’s a pretty sizable portion.

Also Richmond probably has a lot of house over that mark but they are all on big lots
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 01-03-2018, 03:23 PM   #11253
Rs has made me the man i am today!
 
m3thods's Avatar
 
Join Date: May 2008
Location: Burnaby
Posts: 3,148
Thanked 1,053 Times in 595 Posts
Failed 21 Times in 13 Posts
Quote:
Originally Posted by Harvey Specter View Post
The Asian kid at https: //youtu.be/fxoUNzrt26Q?t=15m50s has the funniest expression on his face when he realizes that the girl is talking about his people

Edit: I can't get the auto-embed to respect the timestamp

Last edited by m3thods; 01-03-2018 at 03:25 PM. Reason: ugh auto-embed
m3thods is offline   Reply With Quote
This post thanked by:
Old 01-03-2018, 03:31 PM   #11254
they call me the snowman
 
originalhypa's Avatar
 
Join Date: Apr 2001
Location: online
Posts: 19,749
Thanked 3,993 Times in 1,374 Posts
Failed 187 Times in 91 Posts
^
hahaha, I knew what you meant to post.
He's all like "yeah, yeah, I agree....." then "wtf did she just say?!"




Quote:
Originally Posted by Harvey Specter View Post
Wow.
Goes to show that Vancouver's biggest industry since Expo86 has been real estate.
I took advantage of the market in 1999 buying my house when the prices were at their lowest point. It seems like back then, Hong Kong investors were looking at buying homes in the Vancouver area in an effort to protect themselves for the 1998 China takeover. Once they realized it wasn't that bad, the sales dried up and the value of homes dropped significantly. At the time our house was originally listed for $425k. We got it for $360k after over a year on the market.



From a historic standpoint, it looks like 2008 saw a huge drop in value based on the market at the time. A drop of almost $100k in the span of a year. Granted, this only took us back to 2006 levels. If this trend continues, those who say the drop won't be significant could almost be right.
originalhypa is offline   Reply With Quote
Old 01-03-2018, 03:49 PM   #11255
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,574
Thanked 14,966 Times in 5,970 Posts
Failed 2,061 Times in 690 Posts
Perfect storm with 2008 market crash and 2010 olympics imo
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 01-03-2018, 08:31 PM   #11256
I contribute to threads in the offtopic forum
 
snowball's Avatar
 
Join Date: Jan 2005
Location: North Vancouver
Posts: 2,985
Thanked 1,674 Times in 579 Posts
Failed 50 Times in 22 Posts
Even with the influx of Hong Kong money prior to 1997, prices were relatively stable and "reasonable" until: July 2, 2003. We did a good job of advertising our world class city to more than just tourists it seems. You reap what you sow.
snowball is offline   Reply With Quote
Old 01-03-2018, 08:45 PM   #11257
Willing to sell body for a few minutes on RS
 
Jmac's Avatar
 
Join Date: Aug 2004
Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
Failed 231 Times in 90 Posts
Can someone explain the reasoning behind a homeowner's grant and, especially, why it's granted to people who have $1M plus in assets?
Jmac is offline   Reply With Quote
Old 01-03-2018, 08:54 PM   #11258
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,622
Thanked 7,506 Times in 2,033 Posts
Failed 173 Times in 83 Posts
Quote:
Originally Posted by Harvey Specter View Post

This popped up in the related vids

Australian show
__________________
Quote:
Originally Posted by GS8 View Post
When I think about ewe, I touch myself
GS8 is offline   Reply With Quote
Old 01-03-2018, 09:13 PM   #11259
I told him no, what y'all do?
 
GLOW's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 10,103
Thanked 5,990 Times in 2,595 Posts
Failed 104 Times in 66 Posts
Quote:
Originally Posted by originalhypa View Post
^
hahaha, I knew what you meant to post.
He's all like "yeah, yeah, I agree....." then "wtf did she just say?!"
"they're knocking down all the trees" ...looks at asian kid with expression
__________________
Feedback
http://www.revscene.net/forums/showthread.php?t=611711

Quote:
Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity
Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat

GLOW is offline   Reply With Quote
Old 01-03-2018, 09:21 PM   #11260
Rs has made me the woman i am today!
 
Join Date: Apr 2007
Location: Langley
Posts: 4,086
Thanked 3,375 Times in 1,279 Posts
Failed 92 Times in 70 Posts
Quote:
Originally Posted by Jmac View Post
Can someone explain the reasoning behind a homeowner's grant and, especially, why it's granted to people who have $1M plus in assets?
You got me, but the amount of homeowners who were bitching about $570 last year because their house was over 1.2 million was staggering.
MarkyMark is offline   Reply With Quote
Old 01-03-2018, 09:22 PM   #11261
I contribute to threads in the offtopic forum
 
snowball's Avatar
 
Join Date: Jan 2005
Location: North Vancouver
Posts: 2,985
Thanked 1,674 Times in 579 Posts
Failed 50 Times in 22 Posts
Quote:
Originally Posted by GS8 View Post
https://www.youtube.com/watch?v=IZs2i3Bpxx4

This popped up in the related vids

Australian show
This is a great video because it shows that the influx of new money does not only impact "white canadians" but also asian immigrants that have been here for generations.
snowball is offline   Reply With Quote
Old 01-03-2018, 09:37 PM   #11262
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,574
Thanked 14,966 Times in 5,970 Posts
Failed 2,061 Times in 690 Posts
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 01-03-2018, 09:53 PM   #11263
Rs has made me the man i am today!
 
will068's Avatar
 
Join Date: May 2002
Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
Failed 46 Times in 23 Posts
Quote:
Originally Posted by snowball View Post
Even with the influx of Hong Kong money prior to 1997, prices were relatively stable and "reasonable" until: July 2, 2003. We did a good job of advertising our world class city to more than just tourists it seems. You reap what you sow.
I remember in the early and mid 90s about folks complaining about prices. How it was absurd to buy a town home for more than 200k. And that you can buy a West Van Style mansion in Langley/Abby for 500k.

Then again, I was just 10, wtf did I really know.
__________________
RS Buy&Sell Rating
will068 is offline   Reply With Quote
Old 01-03-2018, 11:44 PM   #11264
RS has made me the bitter person i am today!
 
welfare's Avatar
 
Join Date: Oct 2006
Location: van
Posts: 4,530
Thanked 1,170 Times in 625 Posts
Failed 286 Times in 153 Posts
Going back to the 5%, it's probably important to note where that 5% has that money parked. On the higher end of the scale property. That 5% is a large portion of the backbone of Vancouver real estate.

A One-Point Plan to tackle Vancouver?s housing affordability crisis: kill Quebec?s millionaire migration scam | South China Morning Post
A very interesting article on the QIIP. Basically the selling out of affordability by the government.
Feds won't dare go up against Quebec. And really why would they harm that golden goose? Trudeau's plan doesn't address this issue. In fact I don't see how Trudeau's plan addresses affordability as a whole at all.

I think the issue is common in many of the hot spots. Same policies, different names. LA, NY, SF, TO..
__________________
Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
welfare is offline   Reply With Quote
Old 01-04-2018, 07:00 AM   #11265
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 welfare View Post
Going back to the 5%, it's probably important to note where that 5% has that money parked. On the higher end of the scale property. That 5% is a large portion of the backbone of Vancouver real estate.

A One-Point Plan to tackle Vancouver?s housing affordability crisis: kill Quebec?s millionaire migration scam | South China Morning Post
A very interesting article on the QIIP. Basically the selling out of affordability by the government.
Feds won't dare go up against Quebec. And really why would they harm that golden goose? Trudeau's plan doesn't address this issue. In fact I don't see how Trudeau's plan addresses affordability as a whole at all.

I think the issue is common in many of the hot spots. Same policies, different names. LA, NY, SF, TO..
That's because Trudeau doesn't have a backbone. In fact so far I don't feel he have done a single thing.
Mr.HappySilp is offline   Reply With Quote
Old 01-04-2018, 07:16 AM   #11266
RS has made me the bitter person i am today!
 
welfare's Avatar
 
Join Date: Oct 2006
Location: van
Posts: 4,530
Thanked 1,170 Times in 625 Posts
Failed 286 Times in 153 Posts
Quote:
Originally Posted by Mr.HappySilp View Post
That's because Trudeau doesn't have a backbone. In fact so far I don't feel he have done a single thing.
While I don't disagree, I don't think any candidates would step on Quebec's toes. It would be political suicide.
But you can't throw money at the problem when money is the problem.
Like trying to fight a flood with water.
It treats the symptom but not the cause. And actually makes it more sustainable for the problem to grow. Meanwhile spending billions to do so
__________________
Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz

Last edited by welfare; 01-04-2018 at 07:41 AM.
welfare is offline   Reply With Quote
Old 01-04-2018, 10:38 AM   #11267
RS.net, where our google ads make absolutely no sense!
 
heleu's Avatar
 
Join Date: Sep 2008
Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
Failed 16 Times in 13 Posts
Latest REBGV stats are out:
Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market | Real Estate Board of Greater Vancouver

The cost difference between townhomes and houses seems to be diminishing slowly. I'm still hoping to upgrade to a house sometime this year.

I got a mortgage pre approval that was enough to buy a house, but it would be nice to buy something slightly nicer. If my townhouses can continue to hike in value while houses stay stagnant, it should work out.
heleu is offline   Reply With Quote
Old 01-04-2018, 11:32 AM   #11268
Willing to sell body for a few minutes on RS
 
quasi's Avatar
 
Join Date: Jul 2001
Location: Cloverdale
Posts: 11,573
Thanked 3,775 Times in 1,344 Posts
Failed 83 Times in 42 Posts
Quote:
Originally Posted by will068 View Post
I remember in the early and mid 90s about folks complaining about prices. How it was absurd to buy a town home for more than 200k. And that you can buy a West Van Style mansion in Langley/Abby for 500k.

Then again, I was just 10, wtf did I really know.
Similar memories, when my family moved here in 1989 I remember my dad saying who in their right mind would spend $100,000 on a house?

We had moved from Sask. I think my parents sold there home there for $25,000 at that time.
__________________



“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa
quasi is offline   Reply With Quote
Old 01-04-2018, 12:12 PM   #11269
My homepage has been set to RS
 
Join Date: Mar 2004
Location: East Van
Posts: 2,160
Thanked 854 Times in 422 Posts
Failed 22 Times in 18 Posts
Quote:
Originally Posted by quasi View Post
Similar memories, when my family moved here in 1989 I remember my dad saying who in their right mind would spend $100,000 on a house?

We had moved from Sask. I think my parents sold there home there for $25,000 at that time.
My family also moved to Metro Van in 1989. Came from Edmonton. I remember the real estate agent was showing my dad houses in Vancouver for 250k and he was saying it was wayyyy too much. Parents had just sold their house for $75k in Edmonton...
Liquid_o2 is offline   Reply With Quote
Old 01-04-2018, 12:33 PM   #11270
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
Mid 1990 parents bought their house in Coq for 250k. Sold it in early 2000 for 350k. Purchase a house in Burnaby for 440k. Sold it last year to my sister for a discount at 1.44m....

Seems like the housing market have been pretty steady till about 10 years ago?
Mr.HappySilp is offline   Reply With Quote
Old 01-04-2018, 02:40 PM   #11271
Orgasm Donor & Alatar owned my ass twice!
 
Traum's Avatar
 
Join Date: Aug 2007
Location: Paradise, BC
Posts: 6,917
Thanked 6,650 Times in 2,679 Posts
Failed 253 Times in 139 Posts
Dumb question time again -- what does it mean when the (land) "Title" field in MLS / Realtor.ca says "Strata"?

I have only seen "freehold" and "leasehold" in the past, and I know what those are. But "strata" is new to me. This unit seems to be part of a small apartment complex, so it would only make sense if there is a strata council associated with the building. But the title actually saying "strata"...
Traum is offline   Reply With Quote
Old 01-04-2018, 04:01 PM   #11272
they call me the snowman
 
originalhypa's Avatar
 
Join Date: Apr 2001
Location: online
Posts: 19,749
Thanked 3,993 Times in 1,374 Posts
Failed 187 Times in 91 Posts
Quote:
Originally Posted by welfare View Post
While I don't disagree, I don't think any candidates would step on Quebec's toes. It would be political suicide.
It makes me wish that Quebec had voted for sovereignty back in 1980 or 1995. Having lived in Montreal, it was a unique society. But no different than the many cultured areas that we have in our province.

I've been forced to take a provincially mandated french language test. It was administered in my office by a provincial official, followed by two Sur de Quebec police officers. It was a bit uncomfortable, although I passed with flying colors.

originalhypa is offline   Reply With Quote
Old 01-04-2018, 04:40 PM   #11273
RS.net, helping ugly ppl have sex since 2001
 
hud 91gt's Avatar
 
Join Date: Feb 2002
Location: Vancouver
Posts: 8,339
Thanked 3,985 Times in 1,537 Posts
Failed 35 Times in 27 Posts
Quote:
Originally Posted by Traum View Post
Dumb question time again -- what does it mean when the (land) "Title" field in MLS / Realtor.ca says "Strata"?

I have only seen "freehold" and "leasehold" in the past, and I know what those are. But "strata" is new to me. This unit seems to be part of a small apartment complex, so it would only make sense if there is a strata council associated with the building. But the title actually saying "strata"...
Freehold = Your land
Lease Hold = Not your land (It's leased land)
Strata = Your strata as a whole owns the land. You nailed it. It's a complex, with a strata.
__________________
Crush - 1971 Datsun 240z - Build Thread
The Daily - Rav4 V6 - “Goldilocks”
hud 91gt is offline   Reply With Quote
This post thanked by:
Old 01-04-2018, 04:43 PM   #11274
y'all better put some respeck on my name
 
Harvey Specter's Avatar
 
Join Date: Dec 2002
Location: Vancouver
Posts: 18,343
Thanked 9,386 Times in 2,408 Posts
Failed 393 Times in 159 Posts
I'm keeping an eye on inventory this Spring because if inventory stays low don't expect prices to come crashing down. In fact you'll probably see a spike.
Harvey Specter is offline   Reply With Quote
Old 01-04-2018, 04:56 PM   #11275
Orgasm Donor & Alatar owned my ass twice!
 
Traum's Avatar
 
Join Date: Aug 2007
Location: Paradise, BC
Posts: 6,917
Thanked 6,650 Times in 2,679 Posts
Failed 253 Times in 139 Posts
Quote:
Originally Posted by Harvey Specter View Post
I'm keeping an eye on inventory this Spring because if inventory stays low don't expect prices to come crashing down. In fact you'll probably see a spike.
Are you referring to inventory in general? or specifically only on:

1) apartment/condo
2) townhomes
3) duplex / single detached

?
Traum is offline   Reply With Quote
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 04:41 AM.


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