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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.

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Old 02-10-2023, 09:50 AM   #24876
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https://vancouversun.com/business/re...0-million-debt

Vancouver Sun article lists the properties and status from the court filing.

Imagine you're the last guy in this property:
All your neighbors got paid but you.

Georgia Court: An existing 25-strata unit complex in Chinatown. Coromandel started buying individual units in 2017 and to date has purchased 24 of 25 units for a total of about $25 million, the petition says. The developer had an agreement to purchase the 25th unit with a closing date in January 2023, the petition says, but has “not been able to complete the sale as they lack the financial resources to do so.” Coromandel had planned to redevelop the property into a larger strata building in the future.
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Old 02-10-2023, 04:03 PM   #24877
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Instead of owning 1 out of 25 units, he now owns 25 out of 25 units
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Old 02-10-2023, 06:04 PM   #24878
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Those mainlander devs come swinging in with big dick energy when they're bidding.
Until they get exposed and they're only working with a little pecker!
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Old 02-10-2023, 06:42 PM   #24879
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Unfortunately most of the mainlanders I’ve met aren’t lying when they come with that big Dick energy. They are the same idiots who are bidding 3.8 on a house that’s assessed at 3.1 in this recession.

I wish more of them were paper tigers so I can low ball these sellers
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Old 02-13-2023, 12:32 AM   #24880
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They might not seem happier but they sure as hell pretend they are a lot happier than especially when it comes to getting their god damn mothers to show off on the families WeChat

Ohhh look like your “brother”, he drove his Ferrari with his insanely hot girlfriend to harbin for fun. Look at all the seafood they eating !!! While you live in this dump of a house with your stupid Corolla and your 5 feet nothing tiny Hong Kong wife like a peasant
Well if you're into changing GFs every week then sure insanely hot gfs will work. After a week you'll be sick of their brains haha.
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Old 02-13-2023, 10:35 AM   #24881
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Unfortunately most of the mainlanders I’ve met aren’t lying when they come with that big Dick energy. They are the same idiots who are bidding 3.8 on a house that’s assessed at 3.1 in this recession.

I wish more of them were paper tigers so I can low ball these sellers
$3.8M is really nothing for some of them, and any depreciation they incur is probably seen as just an insurance cost for having the money secured on this side of the Ocean.
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Old 02-13-2023, 10:49 AM   #24882
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yes unfortunately. We went to see a couple more 3-4m houses this past weekend and i kept hearing these china fucks saying how affordable these homes are.

fuck you. seriously. fuck you and the rolls royce you rode in on.

They should station Canada revenue agents/Border patrol agents at everyone of these open houses in richmond and bust all these motherfuckers.
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Old 02-13-2023, 12:10 PM   #24883
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We all got what we wanted, turd loves those people hehehe
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Old 02-13-2023, 01:14 PM   #24884
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Funny the person planing to move to Portugal complaining about foreigners moving to Canada.
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Old 02-13-2023, 01:34 PM   #24885
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But he's a white moving to a white place so it's not a problem.
It's not a foreigner problem here it's a rich person problem. Plenty of shit 5th generation canadians fucking up the market as much as the new Chinese money is, probably a lot more tbh.
I just don't think money should be a positive factor in immigration. If you are so rich you don't have to work here, I don't see the value. The way people have basically been able to purchase citizenship here goes against everything that immigration should be about.
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Westopher is correct.
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seems like you got a dick up your ass well..get that checked
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old 02-13-2023, 01:57 PM   #24886
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^im sure thats true around the 1.5-2.5 million dollar mark, but the higher you go, the only thing spoken is mandarin and all of a sudden all the realtors dont speak any English either.
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Old 02-13-2023, 02:20 PM   #24887
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^im sure thats true around the 1.5-2.5 million dollar mark, but the higher you go, the only thing spoken is mandarin and all of a sudden all the realtors dont speak any English either.
Tell me your poor, without telling me your poor.

My realtor is white
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Old 02-13-2023, 02:33 PM   #24888
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I rather have $5 million dollar none English speakers than refugees that come in claim benefits and gets another hand out from my tax dollars. At least the china man is paying property tax, tax when they buy their rolls Royce and LV.
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Old 02-13-2023, 02:40 PM   #24889
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I rather have $5 million dollar none English speakers than refugees that come in claim benefits and gets another hand out from my tax dollars. At least the china man is paying property tax, tax when they buy their rolls Royce and LV.
You think they're not claiming benefits....?
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Old 02-13-2023, 02:43 PM   #24890
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Remember 90% of them are students or homemakers with 15 million dollar homes.
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Old 02-13-2023, 03:10 PM   #24891
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I rather have $5 million dollar none English speakers than refugees that come in claim benefits and gets another hand out from my tax dollars. At least the china man is paying property tax, tax when they buy their rolls Royce and LV.


The refugee is probably paying more taxes than these people.

Our system is a complete joke. I got audited for the Empty homes tax, I have my wife and I AND a tenant living here. I’ve lived here for 7 years. Every bill under our names, vehicles registered there etc.

You drive through Shaughnessy and 1/4 of the properties have 8” lawns and unkept landscaping etc. adult these people with 20 million dollar homes and a 7/11 pay as you go cell phone as proving their living in the home.

Makes me not really give a fuck about anything else or other people, guess if you don’t own a home you’re SOL
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Old 02-13-2023, 03:30 PM   #24892
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It’s pretty bleak. Even if you have money you’re competing with other significantly richer foreign/new immigrant buyers for these few ratty homes. I think the problem is the inventory levels are pretty low since everyone thinks it’s a recession and the few products left on the market are being fought over by everyone.
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Old 02-13-2023, 04:16 PM   #24893
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I've been regularly looking in Tsawwassen for the last 4 months and the inventory of actual houses available for sale has dropped from 102 to 68 in that time. That's a pretty big decrease.
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Old 02-13-2023, 04:20 PM   #24894
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. If you are so rich you don't have to work here, I don't see the value. The way people have basically been able to purchase citizenship here goes against everything that immigration should be about.
Maybe they're likely to start up business > Spend money on goods and services > But no job so more jobs opening for locals, all wins
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Old 02-13-2023, 04:48 PM   #24895
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All the people with that kind of money just say they "import / export" lol
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Old 02-13-2023, 06:06 PM   #24896
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https://bc.ctvnews.ca/250-free-trees...lity-1.6271811

Let's address the real issues facing our society - Canopy inequality.
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Old 02-13-2023, 06:43 PM   #24897
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So my lesbian next door neighbours put their house on the market for $1.07m 12 days ago.

I thought that was kind of cheeky, it was assessed (in July) at $915,000.

It doesn't seem like they have been getting a lot of interest, the first weekend it was on sale it had an open house for 2 hours and I saw maybe 5 or so groups show up, and then maybe another half dozen private showings in that time.

They've already dropped price down to $1.039m today.

The funny thing is that they totally fucked off and haven't been living there for the past 2 weeks. (Maybe moved in with their parents temporarily, I didn't see any moving vans or anything so their furniture and stuff is all still in the house)

So I'm wondering what their motivation is for selling?
One of the girls is a mechanic for BC transit, the other is an appraiser or something for a real estate firm (so I'd think she knows what she's doing) so I can't imagine it's financial issues, They bought in 2017 for 625K and they have two tenants in the downstairs suite which must cover half the mortgage or so.

I thought maybe they're trying to game the market, but I would have thought the biggest price drops have already happened.

So bizarre.
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Old 02-13-2023, 07:18 PM   #24898
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Probably split up
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Old 02-13-2023, 07:31 PM   #24899
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Probably split up
They actually just got married last November. That would be one hell of a short marriage. And they also have twin 8 month old boys.
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Old 02-13-2023, 08:04 PM   #24900
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I think the problem is the inventory levels are pretty low since everyone thinks it’s a recession and the few products left on the market are being fought over by everyone.
Sounds like it's a good time to sell LOL

Anyone want a 6630sqft piece of land that I call home?
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