PhillipBlunt Posted September 27, 2018 Share Posted September 27, 2018 27 minutes ago, Warhippy said: I do wonder what the Libs will be saying about this motion. There was a LOT of talk about their shutting down German and his invesitgative unit in to fraud and money laundering and the reasons why. https://www.cbc.ca/news/canada/british-columbia/province-appoints-task-force-to-get-dirty-money-out-of-real-estate-1.4841085 I think we can start expecting a sell off soon if they apply the right laws and pressure Let's hope it's done right. High time this happens. That will go a long way towards currying public favor for the NDP, although I'm sure those who voted Liberal will find some issue with the investigation. 1 Link to comment Share on other sites More sharing options...
RonMexico Posted September 27, 2018 Share Posted September 27, 2018 18 minutes ago, PhillipBlunt said: Let's hope it's done right. High time this happens. That will go a long way towards currying public favor for the NDP, although I'm sure those who voted Liberal will find some issue with the investigation. German said stricter controls were required, because Lower Mainland casinos were unwittingly serving as "laundromats" for the proceeds of crime. BCLC is just as crooked if they failed to do anything about dudes rolling in with Santa Claus like bags full of cash and leaving without dropping a dime. 1 Link to comment Share on other sites More sharing options...
PhillipBlunt Posted September 27, 2018 Share Posted September 27, 2018 1 minute ago, RonMexico said: German said stricter controls were required, because Lower Mainland casinos were unwittingly serving as "laundromats" for the proceeds of crime. BCLC is just as crooked if they failed to do anything about dudes rolling in with Santa Claus like bags full of cash and leaving without dropping a dime. I agree. People and organizations need to actually be held accountable. It's truly pathetic how passive and lenient this province is. Link to comment Share on other sites More sharing options...
CBH1926 Posted September 29, 2018 Share Posted September 29, 2018 Toronto, Vancouver among biggest property bubbles in the world, UBS says https://www.cbc.ca/news/business/toronto-vancouver-housing-bubble-1.4842272 Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 5, 2019 Share Posted January 5, 2019 (edited) Global Real Estate Meltdown ??? Edited January 5, 2019 by kingofsurrey Link to comment Share on other sites More sharing options...
Violator Posted January 5, 2019 Share Posted January 5, 2019 Was looking at buying a place in murrayville they want 500,000 for it the building had already gone bankrupt once and at those price its gonna happen again. Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 5, 2019 Share Posted January 5, 2019 2 hours ago, Violator said: Was looking at buying a place in murrayville they want 500,000 for it the building had already gone bankrupt once and at those price its gonna happen again. Sounds like prices in the city are following..... probably prices in the Valley to now follow Will it be carnage though ???? Link to comment Share on other sites More sharing options...
Violator Posted January 5, 2019 Share Posted January 5, 2019 21 minutes ago, kingofsurrey said: Sounds like prices in the city are following..... probably prices in the Valley to now follow Will it be carnage though ???? Hopefully not Lots of construction jobs will be lost if people stop buying houses. Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 5, 2019 Share Posted January 5, 2019 9 hours ago, Violator said: Hopefully not Lots of construction jobs will be lost if people stop buying houses. Too much supply now coming on board for Vancouvers growth rate. Combined with China's new foreign investment regs..... Looks like a few years of dropping prices here in BC. Big time investors here in the know..... were dumping property last May. Link to comment Share on other sites More sharing options...
Violator Posted January 5, 2019 Share Posted January 5, 2019 (edited) 3 hours ago, kingofsurrey said: Too much supply now coming on board for Vancouvers growth rate. Combined with China's new foreign investment regs..... Looks like a few years of dropping prices here in BC. Big time investors here in the know..... were dumping property last May. Aunt said they have 1000 unsold condos in victoria. Cost is the biggest factor. Edited January 5, 2019 by Violator 1 Link to comment Share on other sites More sharing options...
kurtis Posted March 2, 2019 Share Posted March 2, 2019 I can't seem to find this anywhere... Can you get a loan for a down payment on a apartment well already having a student loan? Or will the banks only give you the loan if you have no student loans? Link to comment Share on other sites More sharing options...
406in604 Posted March 2, 2019 Share Posted March 2, 2019 47 minutes ago, kurtis said: I can't seem to find this anywhere... Can you get a loan for a down payment on a apartment well already having a student loan? Or will the banks only give you the loan if you have no student loans? All depends on your gross debt service ratio. My guess is no as most students can barely qualify for their student loan. The stress test is a mofo as well. Link to comment Share on other sites More sharing options...
Alflives Posted March 2, 2019 Share Posted March 2, 2019 1 hour ago, kurtis said: I can't seem to find this anywhere... Can you get a loan for a down payment on a apartment well already having a student loan? Or will the banks only give you the loan if you have no student loans? I don’t think you can borrow the down payment, unless it’s from family. Even then that family member needs to sign a form or something. Link to comment Share on other sites More sharing options...
406in604 Posted March 2, 2019 Share Posted March 2, 2019 54 minutes ago, Alflives said: I don’t think you can borrow the down payment, unless it’s from family. Even then that family member needs to sign a form or something. Gift letter. 1 Link to comment Share on other sites More sharing options...
FS91 Posted March 2, 2019 Share Posted March 2, 2019 15 hours ago, 406in604 said: All depends on your gross debt service ratio. My guess is no as most students can barely qualify for their student loan. The stress test is a mofo as well. I've heard talks that they may be getting rid of the stress test soon. Would anyone have insight into this? Link to comment Share on other sites More sharing options...
406in604 Posted March 2, 2019 Share Posted March 2, 2019 Just now, FS91 said: I've heard talks that they may be getting rid of the stress test soon. Would anyone have insight into this? I doubt it goes away but some reform is a must. Link to comment Share on other sites More sharing options...
kingofsurrey Posted March 2, 2019 Share Posted March 2, 2019 14 minutes ago, 406in604 said: I doubt it goes away but some reform is a must. Yah, why would we want stable affordable real estate prices for BC families ... ? Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted March 2, 2019 Share Posted March 2, 2019 Looking at this thread is eerily similar to the Quadriga reddit threads: those who already got a house when prices were good many years ago got lucky, like those who pulled their money out of the exchange, and those who don't have a house are like those who lost their money: totally &^@#ed with a large side of false hope. 1 Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted March 2, 2019 Share Posted March 2, 2019 (edited) Pretty sad I can buy 6,000 square feet in Montana for $300k USD but that'll cost me 1.5 million in the Valley. I would leave this dump in a heart beat if I enjoyed the prospect of moving away to a strange land and not knowing anybody there. Edited March 2, 2019 by Tortorella's Rant 1 Link to comment Share on other sites More sharing options...
406in604 Posted March 2, 2019 Share Posted March 2, 2019 1 hour ago, kingofsurrey said: Yah, why would we want stable affordable real estate prices for BC families ... ? Free everything for everyone! Explain how you make housing affordable. I have ideas but they have 0 to do with a stress test. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now