This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 67 matches

by RiskArb
Thu May 09, 2013 1:06 pm
Forum: Real Estate Talks
Topic: Bears...please come out of the woods ....
Replies: 73
Views: 27641

Re: Bears...please come out of the woods ....

I've been pretty bullish since signing up to this place in 2003....... however I officially went sour in April last year after my deadbeat buddy bought a crappy new condo in Surrey with zero down. (I posted this quite clearly on RET in case anyone accuses me of revisionist history) Anyways, I'm call...
by RiskArb
Wed Apr 10, 2013 6:44 am
Forum: Real Estate Talks
Topic: Horton...is that you
Replies: 17
Views: 4444

Re: Horton...is that you

Welcome back you perv! ;) This site has long outlived its usefulness for me...... if you can stir the pot a little I'll be back for the chuckles. PS - now that JH is back, I'm calling on the old cast of characters that made this place interesting......BeauxProperties, Thompson, LadyLuck, Marco911 et...
by RiskArb
Mon Mar 18, 2013 10:35 am
Forum: Real Estate Talks
Topic: NDP in May - how bad for RE?
Replies: 63
Views: 14784

Re: NDP in May - how bad for RE?

The NDP will be disastrous for real estate prices..... so I hope they win :D What's in store with an NDP win? - They'll coddle BC's already bloated public sector and cave on union negotiations leading to increased deficits, borrowings and ratings downgrades - More corporate evisceration - we'll lose...
by RiskArb
Mon Mar 11, 2013 1:07 am
Forum: Real Estate Talks
Topic: Whats your thoughts on this listing - Overpriced?
Replies: 4
Views: 2359

Re: Whats your thoughts on this listing - Overpriced?

Hi Red Lantern, IMO this appears to be a very nice but overpriced unit (as are all things priced at $888 to attract Chinese buyers). - New product in this Shaugnessy/South Granvilla/Fairview area is going for $500psf. Penthouses and G/F townhomes going for $600-650psf - The patio probably adds anoth...
by RiskArb
Thu Feb 21, 2013 8:57 pm
Forum: Real Estate Talks
Topic: MAC attack
Replies: 22
Views: 5547

Re: MAC attack

This story made the front page of the South China Morning Post today! "Vancouver Property Scam: Senior executive resigns over deception intended to attract rich Chinese buyers" The article went on to report all the details, the pictures of the Lee "sisters" and the whole concocted ruse of supposed C...
by RiskArb
Thu Jan 24, 2013 3:26 pm
Forum: Real Estate Talks
Topic: More Corrupt Chinese $$$ On The Way - Articles
Replies: 8
Views: 4410

Re: More Corrupt Chinese $$$ On The Way - Articles

So if it isn't obvious enough, the money laundering circle is as follows: 1. Chinese businessperson bribes Government official, usually with property 2. Chinese Government official sells property and launders $$$ through Hong Kong / Macau (mostly Macau casinos) 3. Hong Kong nationals and representat...
by RiskArb
Thu Jan 24, 2013 3:18 pm
Forum: Real Estate Talks
Topic: More Corrupt Chinese $$$ On The Way - Articles
Replies: 8
Views: 4410

Re: More Corrupt Chinese $$$ On The Way - Articles

http://www.bloomberg.com/news/2013-01-22/school-dropout-convicted-of-money-laundering-in-hong-kong.html School Dropout Convicted of Money Laundering in Hong Kong [/size] By Shai Oster - Jan 23, 2013 12:01 AM GMT+0800. A 22-year-old Chinese man who had dropped out of school and worked as a delivery m...
by RiskArb
Thu Jan 24, 2013 3:13 pm
Forum: Real Estate Talks
Topic: More Corrupt Chinese $$$ On The Way - Articles
Replies: 8
Views: 4410

More Corrupt Chinese $$$ On The Way - Articles

http://www.smh.com.au/world/the-great-china-corruption-fire-sale-20130122-2d3v5.html The great China corruption fire sale [/b][/size] Date January 22, 2013 Malcolm Moore in Beijing A wave of properties have hit the market in China as the government aims to clamp down on corruption Thousands of Chine...
by RiskArb
Mon Oct 29, 2012 11:24 am
Forum: Real Estate Talks
Topic: H.K. Imposes Property Tax on Non-Locals
Replies: 68
Views: 16482

Re: H.K. Imposes Property Tax on Non-Locals

Perhaps we can agree the GVRD property market is basically bifurcated - Offshore Driven Markets: Detached West Side, West Van, RMD, BBY, parts of COQ. Offshore buyers (including recently landed immigrants, proxies and noobs) effectively influence 70%++ of the market here. And there's a spill-over ef...
by RiskArb
Sun Oct 28, 2012 9:27 am
Forum: Real Estate Talks
Topic: H.K. Imposes Property Tax on Non-Locals
Replies: 68
Views: 16482

Re: H.K. Imposes Property Tax on Non-Locals

Vanpro, you edited Cam Muir quote, he did not say mainland Chinese counted 1-3% of Vancouver's total number of homebuyers, he said foreign buyers, you made it up. You edited Bob Rennie too, he said those people who lined upt to buy cambie and marine have local IDs, you quoted him as saying no mainl...
by RiskArb
Tue Sep 18, 2012 4:10 pm
Forum: Real Estate Talks
Topic: Back in town for 24 hours
Replies: 3
Views: 2914

Re: Back in town for 24 hours

http://www.2shared.com/video/vSgpMYdP/Piano_3.html Hey everyone. I came back to Vancouver for 24 hours on a lay-over. Ended up at UBC and a friend wanted me to play him the piano for him. I thought while I was playing, I would record myself since there was a long going debate on if I could actually...
by RiskArb
Wed Aug 29, 2012 7:23 am
Forum: Real Estate Talks
Topic: Calling a market top
Replies: 16
Views: 5599

Calling a market top

So one of my deadbeat buddies from high school (never held down a job or followed through on any type of ambition) just bought a place in Surrey. With 5% down. He actually bought it in April and I only found out last week when I passed through town. So that means we're at a market top. It was offici...
by RiskArb
Mon Mar 05, 2012 8:16 am
Forum: Real Estate Talks
Topic: Poor realtor can't find Chinese buyers!
Replies: 15
Views: 7883

Re: Poor realtor can't find Chinese buyers!

Recommendations to sell this house quickly..... - If you want to sell it to the mainland Chinese, you'll need another 7 feet of frontage (mainlanders don't touch 33 foot lots), a 6 car garage, a wok kitchen (instead of an open plan), an 8-foot high stone wall around the perimeter, and replace absolu...
by RiskArb
Fri Dec 23, 2011 7:11 am
Forum: Real Estate Talks
Topic: RE Anecdotes - Post them here!
Replies: 61
Views: 22138

Re: RE Anecdotes - Post them here!

I caught up with a former colleague from the investment banking world. A Chinese property tycoon just gave him US$1.5bn to manage and asked him to buy large natural resource projects of strategic interest to China. And the tycoon threw in a building he owns in Hong Kong as well for my friend to work...
by RiskArb
Fri Dec 23, 2011 6:54 am
Forum: Real Estate Talks
Topic: 4826 DRUMMOND Drive
Replies: 15
Views: 4180

Re: 4826 DRUMMOND Drive

More laundered money from mainland China..... oh joy :roll: