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Harvey Spector

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Harvey Spector last won the day on August 22 2017

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  1. I simply posted a video of a student who claims there was a second shooter. And the tv station who filmed the interview conveniently edited out the part of the interview where she said "second shooter". Here is the tv station interview: http://www.khou.com/video/news/student-says-she-bumped-into-suspect-after-shooting/285-8009097 Why would they do this? I have no skin in this game and it was a horrific terrible tragedy, but this needs to be investigated further and not swept under the rug...
  2. That's all you got? You haven't researched her on the Internet to see how her parents voted, if she does drugs, etc?
  3. WOW!!! Of course she is lying, there is no possible way there could have been a second shooter. A second shooter involved would be a total conspiracy theory. She probably is a drug user, Trump supporter, racist, whatever the spin will be by the left...
  4. For immediate release BC Home Sales Dip After Strong December Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period last year. The average MLS® residential price in BC was $721,477, up 16.2 per cent from the previous year. Total sales dollar volume was $3.83 billion, a 37.4 per cent increase from January 2017. “BC home sales dipped 10 per cent from December to January, on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "New mortgage rules requiring conventional borrowers to qualify at a higher interest rate likely contributed to the decline in home sales last month. The impact was magnified by a strong December as many households advanced their purchase decisions ahead of the policy's implementation." Despite the decline in January transactions, the seasonally adjusted annual rate of home sales was 101,800 units. Compared to January 2017, market conditions tightened in all BC board areas except Victoria, where the sales-to-active listings ratio declined from 46.3 per cent to 40.5 per cent. Despite this decline, Victoria remains in strong sellers' market territory. Total active listings in the province were down 8.6 per cent to 20,901 units, compared to the same period last year. BCREA is the professional association for more than 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients. To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods. For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada's real estate boards to ensure maximum exposure of properties listed for sale.
  5. Happy Valentine's Day to all you peeps!! Take the night off from this cesspool and take your significant other out for a nice Italian dinner!!!
  6. He could also be a Kennedy as well. His mom had an affair with Ted Kennedy...
  7. I always wondered why Justin Trudeau had such a soft spot for Castro. It's all starting to make sense now...
  8. The Impact of the BC Home Partnership Program on Metro Vancouver Home Prices Summary Findings: Our analysis indicates that the Home Partnership Program (HPP) contributed to an annualized increase of 0.55 per cent to the market price of an apartment and an increase of 0.57 per cent to the market price of a townhouse in Metro Vancouver over the first three-quarters of 2017. The HPP either paid or approved a total 1,395 transactions as of September 2017. This represented 1.7 per cent of total BC home sales and 0.9 per cent of the dollar volume. Approximately one-third of the HPP paid or approved transactions occurred in Metro Vancouver, comprising 1.2 per cent of total home sales. Nearly all the HPP paid or approved transactions (96%) in Metro Vancouver were for apartments or townhouses. Analysis: In December 2016, the BC government announced the creation of the Home Partnership Program (HPP) to provide down-payment assistance for prospective BC homebuyers. The assistance was in the form of a second loan that is interest and payment-free for the first 5 years, with interest accruing and principle/interest payments beginning in the 6th year. Using program data provided by BC Housing, we analyzed the impact of HPP on home prices over its first nine months. As of September 2017, the HPP either paid or approved 1,395 transactions representing 1.7 per cent of total BC home sales and 0.9 per cent of dollar volume. Those purchases were widely dispersed around the province with BC’s four largest cities accounting for close to half of purchases facilitated through the program. Approximately one-third of total HPP transactions by count and 40 per cent by dollar volume were in the Metro Vancouver area, accounting for 1.2 per cent of total home sales. The next highest participating region was Victoria, which accounted for just 6 per cent of the total HPP transactions. In Metro Vancouver, the typical successful HPP applicant was as expected. Most were relatively young first-time homebuyers, purchasing homes within their financial means. The median buyer in the first nine months of the program was 33 years of age with an income of about $82,800. The median home price of HPP funded purchases was $415,000, with a down payment of 10 per cent, half of which was provided through the HPP. Approximately 30% of those buyers in Metro Vancouver had less than the 5 per cent down payment required before accessing the HPP funds. Of the total number of HPP funded purchases in Metro Vancouver, about 96 per cent were in the apartment or townhouse segment of the market, which is the focus of our impact analysis. Our analysis indicates that the HPP was helpful to many homebuyers, but not popular enough to cause a significant impact on market conditions, given the program timing coincided with already constrained supply conditions. As an analytical framework, we incorporated a measure of market conditions known as the sales-to-active listing ratio (SALR). This ratio captures the relative balance between supply and demand in a housing market. Using this simple but powerful framework, the relationship between home sales and the supply of homes on the market is directly linked to changes in the market price of homes. A very high SALR typically means that supply is falling short of demand and that home buyers are bidding up home prices. A very low SALR typically brings declining home prices as excess supply causes home sellers to bid down their asking price to attract a relatively scarce number of home buyers. To account for the impact of the HPP, we control for what the sales-to-active listings ratio would likely have been without the HPP. In effect, home sales (demand) would be lower while the number of homes for sale (supply) would be higher, resulting in a lower SALR and, therefore, slower growth in prices. For example, from January to September 2017, the six month trend in the Metro Vancouver apartment SALR was 65.4 per cent. At this level, the SALR model would predict annual apartment price growth of approximately 18.6 per cent. Adjusting for the impact of the HPP by pulling out those transactions and adding back the supply, the SALR would fall to 62.3 per cent, a level that correlates with an annual home price growth of approximately 18.06 per cent. This suggests that the annualized impact of the HPP on Metro Vancouver apartment prices was about 0.55 per cent over the period. Similarly, in the townhouse segment, we estimate that without transactions through the HPP, growth in home prices would have been reduced by 0.57 per cent on an annual basis. This analysis incorporates the most liberal assumption that all successful HPP applicants would not have purchased a home without the added assistance of the program. Even under this discipline, we find the program was not a significant driver of price appreciation in the Metro Vancouver housing market. Cameron Muir, Chief Economist, cmuir@bcrea.bc.ca; 604.742.2780 Brendon Ogmundson, Economist, bogmundson@bcrea.bc.ca; 604.742.2796 Additional economics information is available on BCREA’s website at: www.bcrea.bc.ca. To sign up for BCREA news releases by email visit: www.bcrea.bc.ca/news-and-publications/publications/ manage subscriptions.
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