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Re: What just happened?

Posted: Sun May 21, 2017 5:23 am
by tdma800
^-- irrelevant - plonk

Re: What just happened?

Posted: Sun May 21, 2017 7:10 am
by jimtan
Let's have a return to sanity. Steve (our honest realtor) did the maths and pointed out that our mortgages outstanding had doubled in 10 years.

Don't allow our problem to get this big...

"Tracking China’s Real Estate Binge

As foreign buyers start to dwindle in Vancouver (new data shows foreign buyers are diminishing) we are left scratching our heads, bewildered, how could the typical detached home suddenly cost over 1.4 million. Did Governments and policy makers not see this coming?

Foreign Capital fleeing China is no secret. In recent years it has become a global phenomenon, widely publicized for helping push real estate prices to euphoric new highs in other cities such as New York, Miami, Seattle, Sydney, London, Stockholm, and Munich the list is endless. Perhaps most ironically, China has inflated a real estate bubble of their own.

China has been on a debt binge, a credit expansion post 2008 financial crisis. Which has resulted in them inflating their own real estate bubble. It’s become so obvious that even those within the industry are concerned. Chinese billionaire Wang Jianlin who made his fortune developing real estate in China calls the current situation the “biggest bubble in history.” 


http://vancitycondoguide.com/tracking-c ... ate-binge/

Re: What just happened?

Posted: Sun May 21, 2017 7:11 am
by tdma800
Irrelevant unlicensed noob website

Re: What just happened?

Posted: Tue May 23, 2017 6:19 pm
by jimtan
Yo Ho, I'M in TO.

How's the recount proceeding? I hear that the NDP is ahead in Courtney by 101 now. Every vote counted, my friends.

Wink

Re: What just happened?

Posted: Tue May 23, 2017 6:45 pm
by tdma800
Irrelevant - plonk

Re: What just happened?

Posted: Wed May 24, 2017 4:08 pm
by jimtan
Well? What does the post election world look like? Has the game changed?

Re: What just happened?

Posted: Wed May 24, 2017 4:42 pm
by tdma800
Irrelevant - plonk

Re: What just happened?

Posted: Wed May 24, 2017 5:47 pm
by jimtan
Christy ahead by just 1,566 votes. Every vote counted!

As I said, big backlash. HeHe!

Re: What just happened?

Posted: Wed May 24, 2017 5:49 pm
by tdma800
plonk

Re: What just happened?

Posted: Wed May 24, 2017 7:14 pm
by jimtan
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???

Re: What just happened?

Posted: Wed May 24, 2017 8:41 pm
by VanLord
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???
Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).

Re: What just happened?

Posted: Wed May 24, 2017 8:49 pm
by tdma800
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???
Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).
irrelevant - plonk

Re: What just happened?

Posted: Thu May 25, 2017 3:41 am
by jimtan
Irrelevant, poink!

There are three scenarios

1) Liberals form minority government. Sooner or later, Government falls.
Elections again.

2) NDP/Green coalition. New government survives as long as pact works. Strive for proportional representation. Game changed for BC.

3) NDP forms minority government with the support of Greens. Government survives as long as Greens don't make strange demands. Most unpredictable outcome.

???
Seems plausible that the NDP / Greens form a pact, however if I were the Greens it still makes sense to give power to Libs and hold them to account on key issues...Should be an interesting few weeks and year(s).
Doesn't work for the BC Liberals because they have only 40% of the vote.

Re: What just happened?

Posted: Thu May 25, 2017 5:12 am
by tdma800
plonk

Re: What just happened?

Posted: Sat May 27, 2017 6:19 pm
by jimtan
Looks like TO is better...

"Toronto Homeowners Are Suddenly in a Rush to Sell

After a double whammy of government intervention and the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic has buyers rethinking purchases and sellers asking why they aren’t attracting the bidding wars their neighbors saw just a few weeks ago in Canada’s largest city.

“We are seeing people who paid those crazy prices over the last few months walking away from their deposits,” said Carissa Turnbull, a Royal LePage broker in the Toronto suburb of Oakville, who didn’t get a single visitor to an open house on the weekend. “They don’t want to close anymore.”

https://www.bloomberg.com/news/articles ... rket-slows