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1   Aphroman   ignore (2)   2018 May 8, 4:27pm   ↑ like (0)   ↓ dislike (0)   quote        

Prices at the top end of the market plunged 7.6 per cent in the six months to March, making it the world’s second-worst performer during that period, according to the latest global survey of prime properties by Knight Frank LLP. Only Stockholm did worse, falling 9 per cent, while Toronto rose 6 per cent and the top gainer was Seoul.

The findings — based on the top 5 per cent of the housing market in each city — lend support to anecdotal evidence of a slowdown in Vancouver’s luxury segment following the hike of a tax on foreign buyers to 20 per cent from 15 per cent in February, the introduction of a speculation tax, and rising interest rates
2   mell   ignore (1)   2018 May 8, 4:53pm   ↑ like (0)   ↓ dislike (0)   quote        

The Vancouver housing market was even more nuts than the SF bay area market for quite a while.
3   lostand confused   ignore (0)   2018 May 8, 5:10pm   ↑ like (0)   ↓ dislike (0)   quote        

What happened-Chinese government putting the screws?
4   Hassan_Rouhani   ignore (2)   2018 May 8, 5:32pm   ↑ like (0)   ↓ dislike (0)   quote        

lostand confused says
What happened-Chinese government putting the screws?


Canadian.
5   Aphroman   ignore (2)   2018 May 8, 5:48pm   ↑ like (0)   ↓ dislike (0)   quote        

Satoshi_Nakamoto says
lostand confused says
What happened-Chinese government putting the screws?


Canadian.

Damn Liberals, ruin everything!
6   Hassan_Rouhani   ignore (2)   2018 May 8, 5:55pm   ↑ like (0)   ↓ dislike (0)   quote        

Aphroman says
Satoshi_Nakamoto says
lostand confused says
What happened-Chinese government putting the screws?


Canadian.

Damn Liberals, ruin everything!


Yep, with a tax.
7   anotheraccount   ignore (1)   2018 May 8, 9:30pm   ↑ like (0)   ↓ dislike (0)   quote        

Run into some people from Vancouver. One of their young kids bought four houses.
8   WarrenTheApe   ignore (0)   2018 May 8, 11:06pm   ↑ like (1)   ↓ dislike (0)   quote        

Satoshi_Nakamoto says
Yep, with a tax

We could use that in the SF Bay Area. H1-B visa workers should not be allowed to buy a house, either. They are only supposed to be temp workers brought in in the first place.

Vancouver slaps 15% tax on foreign house buyers in effort to cool market
https://www.theguardian.com/world/2016/aug/02/vancouver-real-estate-foreign-house-buyers-tax

But a) the California Democrat Party is the CRA's personal fluffers and b) unlike Canadian provinces, US states/cities can not tax non-residents/foreigners that way w/o approval from Congress, which is also composed of personal fluffers of the NRA (not the rifle one) no matter if they have a D or R after their names.
9   Hassan_Rouhani   ignore (2)   2018 May 9, 6:48am   ↑ like (0)   ↓ dislike (0)   quote        

WarrenTheApe says
Satoshi_Nakamoto says
Yep, with a tax

We could use that in the SF Bay Area.


Noooooooo! I need that $3M for my shack! I deserve it! I've already made plans how I'm gonna spend it.
10   rootvg   ignore (0)   2018 May 9, 10:44am   ↑ like (0)   ↓ dislike (0)   quote        

mell says
The Vancouver housing market was even more nuts than the SF bay area market for quite a while.

Yes, and the Canadians don't put up with it. Their political culture is very different from ours.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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