Quote: Originally Posted by MHz
Did you miss the keyword 'slumlord' in my previous post? What you posted fails to address them at all. I'll wait till you tidy it up some.
Poor MHz- babbling nonsense into his tinfoil hat yet again!!!!!!!!!!!!!!!!!!!!!!!!
Is the mother ship not worried that you are on the loose without adult supervision??????????????????????????
Here is an article indicating that despite LIE-beral excuses- foreign investment is in fact having significant influence on Cdn house prices. With some comments of my own in brackets):
Canadian Housing To Be Listed On Chinese Amazon-Style Site 9/16
From Huffington Post Canada. April 1/2018
By Daniel Tencer
12 hrs ago
JD.com will soon be serving Canadian homes for sale to its nearly 300 million customers. A JD.com sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, Dec. 4, 2017.
(And why would such a service be offered to 300 million Chinese unless there was a significant number of them buying Cdn housing stock and competing with Cdns in the process?)
Chinese consumers will soon be able to buy a home in Canada with the click of a button.
Real estate portal Juwai, which markets overseas properties to mainland Chinese buyers, has signed an agreement with online retail site JD.com that will see houses in Canada listed for sale "like milk, shoes and other household goods," the company says.
(Cdns should maybe asking just how unstable and indebted our economy really is if they think it is so essential to pick up ANY foreign investment from any source- even one as hostile to western democracy as Communist China?)
The agreement will also include listings of homes in Australia, the U.K. and the U.S. — all among the top markets for Chinese real estate investors.
(And of course our LIE-beral govt sees no reason to track ANY foreign activity in our country! Revenue Canada is already on record as IGNORING foreigners who are operating in Canada and are alleged income tax cheats because it takes too much trouble to track them back overseas! Revenue Canada agents would rather collect pennies from easily targeted resident Cdns than bother collecting dollars from hard target foreign operators exploiting LIE-beral indifference to white collar crime!)
With nearly 300 million customers, JD.com is China's second-largest online retail business, behind Alibaba. Juwai has some 2 million home listings worldwide. JD.com general manager of real estate Fuhu Zeng and Juwai CEO Carrie Law announce the two companies' partnership to list overseas real estate on JD.com.
"This partnership with JD.com is incredibly innovative and exciting on one level, but on a deeper level it simply represents Juwai.com continuing to fulfill its core mission of helping Chinese become global residents and investors," Juwai CEO Carrie Law said in a statement.
(Yes- and such investment also aids Communist govt in influencing foreign govts as well! Cdn LIE-berals are quite happy to throw open the doors to all sorts of “entrepreneur” class immigrants with money to invest- and let them vote in our elections without any real security checks!)
The move comes as China is in the midst of loosening capital controls that, in the past few years, had made it more difficult for citizens to buy overseas real estate. Those controls were blamed in part for a slowdown in interest from Chinese buyers in Vancouver, Australia and elsewhere. But Juwai now expects a pick-up in interest as it becomes easier, once again, for Chinese nationals to buy foreign properties.
(And in related news- as relations between China and United States deteriorates, Cdns hear of police investigations into the alleged laundering of hundreds of millions of dollars in B.C. casinos- again with no LIE-beral interest or concern for organized crime operating here! Given the known determination of Chinese Peoples Army in pursuing technology by any means necessary so they can challenge United States- whom LIE-berals assume we can always hide behind and expect to protect us- this Chinese military and economic challenge SHOULD NOT be getting aid from Cdn LIE-berals turning a blind eye to whoever is operating in Canada!)
(In related news- a group of CBC reporters found it absurdly easy to launder $35,000.00 in Ontari-owe casinos as an experiment to see if casinos in this province had any better security against criminal gangs laundering money- turns out they DONT! And along the way- the CBC reporters heard stories of Ontari-owe casinos turning a blind eye to loan sharks plying their vicious trade in front of security staff! None of these links ot organized crime leads any place that is beneficial to Canada!)
"We know there is tremendous pent-up demand for overseas real estate, with stability and diversification more important to most buyers than capital gains and yields," Law said, as quoted at the Financial Times.
(Yes- and comparative freedom from the Cdn tax man and freedom to launder money as needed make Canada a LIE-beral style criminal tax haven! And yet LIE-berals find it hard to understand why Yankees think we are a happy haven for criminal gangs, Chinese and Russian spies and assorted terrorist groups! Yankee security specialists were NOT IMPRESSED when a known terrorist walked through RCMP officers guarding our idiot prime minister Justin- with the terrorist posing for a selfie with Our idiot Boy and then wandering off again! Nor has the LIE-beral image as being soft on crime been allayed by the discovery that Our idiot Boy took a Sikh terrorist- previously convicted by an Indian court- with him on that ill fated India trip and yet the idiot Boy still wonders why Indian politicians snubbed him!!!!)
The move comes at a time when many of the most popular destinations for Chinese investors are looking at restricting the flow of foreign cash into housing markets. New Zealand, which has seen house price spikes in its major cities similar to those seen in Toronto and Vancouver, is in the midst of banning foreigners from buying existing homes.
And British Columbia's NDP government has introduced a slew of new measures aimed at improving affordability, which includes an increase in the province's foreign buyers' tax, to 20 per cent from 15 per cent. It also includes a controversial "speculation tax" that taxes empty homes, a move criticized by many as potentially impacting Canadian owners of second homes more than foreign buyers.
(OH yes- that foreign buyers tax simply ups the cost a little for foreign business people who can simply use relatives already living in Canada to set up dummy investment corporations to purchase the property and avoid that pesky tax! As for taxing empty homes- it puts up the cost for developers waiting for their paperwork to proceed through snail pace city hall permit offices- and that cost will be passed on to Cdn consumers! And as always we should point out that civil service union Hogs often own these investment properties and if their flow of gravy from investments is cut then they will be making BIGGER DEMANDS for pay raises!)
(Hog investment in property - some of it rather shady- is well documented! About 15 years back a pair of Toronto cops spotted a Mercedes parked on Marlee Ave and approached- finding a strong chemical smell coming from the open window as they questioned the black driver. A search of the car uncovered a couple of pounds of cocaine and the guy was arrested for trafficking. At trial the guy explained it was his brothers car that he had borrowed for the day. He explained he was a school teacher who was home on a years worth of paid Workmans Compensation- but naturally he offered no reason for being parked in the rough Marlee district well away from his residence- though he DID claim that he helped his brother with home renovations- and that his brother was a house renovator who had flipped and sold over 30 houses in a few years!)
(This case raises various questions- like if the guy is so sick he has to be on paid health leave from school board for a year- but can still help with house renovation- who is monitoring his health and when can we expect him back at work? In addition- the drug charges were thrown out of court due to improper search procedures since the strong chemical smell associated with newly made cocaine with its mix of quite volatile chemicals- had evaporated in the couple of years it took to get to trial- the reason for the cop search evaporated- case DISMISSED! And it seems pretty obvious that the brother was using his house renovation business to launder his drug money!)
(Or we could talk about the more legit Alberta municipal employees own the 11 Toronto Parkdale buildings that went through a bruising rent strike in 2017 who were accused of price gouging. And former Mississauga mayor McCallion found herself at the heart of a court case involving a failed hotel investment which fell apart after it was discovered that the Mississauga parcel of land- which was owned by municipal union Hogs- were the hotel was to be built was badly contaminated with dangerous chemicals! And isnt it nice that Mississauga municipal workers later apparently cleaned up the site- at tax payer expense so the land could be sold and used by other developers- after the court trial ended with no convictions- but LOTS of nasty public suspicions!)
The B.C. government recently announced changes to the property tax, reducing the rate and exempting some smaller cities from it.
Despite ongoing interest from Chinese buyers, Juwai's Law doesn't see the market returning to its habits of a few years ago; in fact, she foresees a slowdown in the once-hot Vancouver market, in essence because it's become too expensive.
(Yes- new LIE-beral mortgage rules have temporarily crippled the housing industry! The new rules have also crippled the ability of citizens to sell off the city house at a nice profit and retire to some place cheaper!)
"Our data shows that Chinese buying interest in Vancouver peaked in 2015," she said, as quoted at Better Dwelling. "The overpriced market and lack of inventory has restrained Chinese demand since that time."
(Oh gosh- Chinese interest in Cdn investments peaked right before Our idiot Boy Justin got elected? Just how much economic damage is the idiot Boy really doing to Canada with his mad deficits, racist views on native thieves, his sexist blather about a female reporter and her negative experience with Justin grabbing her ass, and his assorted trade wars that it will take a federal election and a new govt to unravel!!!)
Law argues that years of very low interest rates, and not Chinese buyers, are behind Canada's run-up in house prices.
"When rates are low and credit flows, prices go up. It's the first thing every university student learns about the housing market, and it has nothing to do with foreign buyers."
(Well yes- high interest rates tend to produce lower housing prices- un less lunatic LIE-berals are involved! But our interest rates are inching up as banks implement more restrictive lending practices- yet house prices continue to climb! We now have the WORST of both worlds- we still get foreign investors and organized crime influences and we also contend with higher interest rates and frozen wages as our economy stagnates due to the LIE-beral trade wars!!!! Thank you LIE-berals for yet MORE FAILED POLICY!!!!)