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  1. #1
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    Coronavirus. Please CRASH TORONTO and Vancouver house prices. Sincerel all Millenials

    I am tired of seeing old phucks with multiple houses who had normal jobs. The one positive thing of this illness, is the possibly of crashing TORONTO and VANCOUVER house prices.

    The market is CURRENTLY getting flooded BY AIR BNBS. I am expecting the prices to drop within 6 months since housing lags behind stock market.
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  2. #2
    Registered User Suit's Avatar
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    Here folks, is proof that Canada is, in fact, an authoritarian state.

    You don't even know that your properties are owned by the CCP lmao, quit blamin old white canucks.
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    Originally Posted by Suit View Post
    Here folks, is proof that Canada is, in fact, an authoritarian state.

    You don't even know that your properties are owned by the CCP lmao, quit blamin old white canucks.
    its all old phucks and phucking CPP. Young ppl get completely screwed over.
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    Registered User Suit's Avatar
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    Originally Posted by winston89418 View Post
    its all old phucks and phucking CPP. Young ppl get completely screwed over.
    Hate to break it to you, there are not enough Canadian richies, especially old ones, to do this.

    It is literally China.
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    Originally Posted by winston89418 View Post
    I am tired of seeing old phucks with multiple houses who had normal jobs. The one positive thing of this illness, is the possibly of crashing TORONTO and VANCOUVER house prices.

    The market is CURRENTLY getting flooded BY AIR BNBS. I am expecting the prices to drop within 6 months since housing lags behind stock market.
    Under regular circumstances - yes, the housing market typically trails the stock the market.

    This situation however is much different. With the incoming boom of unemployment, the real estate market is going to turn extremely volatile. Could go either way.
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    Registered User Anachron's Avatar
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    ITT we wish for people to die because we are too lazy to get of our own ass.

    Edit : Forgot to add, while being completely uninformed of the actual situation ( which is foreign investors driving up the prices due to pure speculation ).
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    Originally Posted by Suit View Post
    Here folks, is proof that Canada is, in fact, an authoritarian state.

    You don't even know that your properties are owned by the CCP lmao, quit blamin old white canucks.
    This.


    Your nation (and mine) need to start telling China to fuk off.
    "Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner"
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    Originally Posted by thebrainiac View Post
    Under regular circumstances - yes, the housing market typically trails the stock the market.

    This situation however is much different. With the incoming boom of unemployment, the real estate market is going to turn extremely volatile. Could go either way.
    From my knowledge its goes
    1. stock market - 2. high consumption (exotic cars, watches etc) - 3. housing market

    I agree this is a black swan event and its quite different
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    Originally Posted by Anachron View Post
    ITT we wish for people to die because we are too lazy to get of our own ass.

    Edit : Forgot to add, while being completely uninformed of the actual situation ( which is foreign investors driving up the prices due to pure speculation ).
    Originally Posted by Mercworx View Post
    This.


    Your nation (and mine) need to start telling China to fuk off.
    If you say anything here (vancouver) about chinese ppl buying all the realestate you a racist srs
    recent survey says 5% increase in housing from money laundering and CRA doesnt give a puck

    The local casino got busted here money laundering and the top players were all students or house wifes as occupation
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  10. #10
    Positive Mental Attitude Aristotelian's Avatar
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    Originally Posted by Suit View Post
    Hate to break it to you, there are not enough Canadian richies, especially old ones, to do this.

    It is literally China.
    It was money flooding out of Taiwan and Hong Kong in the past - you could almost call it the 'misappropriation of state funds' if you were so inclined. Party card holders in China then started 'speculation' but buying up such an amount of property they'd manipulate the market.

    But it isn't just them - since Toronto prices have soared so much over the last 15 years - it's Dubai money, India, Saudi and Qatar.

    Look at Forest Hill and Rosedale. Nothing like they were in the 80s and 90s. And the Canadian government is complicit in this - it's as if they want Toronto to become a stomping ground for money laundering.
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    Registered User Anachron's Avatar
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    Originally Posted by Aristotelian View Post
    It was money flooding out of Taiwan and Hong Kong in the past - you could almost call it the 'misappropriation of state funds' if you were so inclined. Party card holders in China then started 'speculation' but buying up such an amount of property they'd manipulate the market.

    But it isn't just them - since Toronto prices have soared so much over the last 15 years - it's Dubai money, India, Saudi and Qatar.

    Look at Forest Hill and Rosedale. Nothing like they were in the 80s and 90s. And the Canadian government is complicit in this - it's as if they want Toronto to become a stomping ground for money laundering.
    No municipality would care about this, the higher the house prices the more property tax they can collect. Pathetic but true.
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    hehe, all your houses are belongs to us.
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    Originally Posted by tunafishha View Post
    hehe, all your houses are belongs to us.
    Tuna 2020
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    Lol if you think any party will let house prices crash. That would screw their most important voting base, the old kunts that bought their homes for 20k in 1970 and feel entitled to sell it for $2,000,000 to wealthy Chinese people.
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    Originally Posted by Aristotelian View Post
    It was money flooding out of Taiwan and Hong Kong in the past - you could almost call it the 'misappropriation of state funds' if you were so inclined. Party card holders in China then started 'speculation' but buying up such an amount of property they'd manipulate the market.

    But it isn't just them - since Toronto prices have soared so much over the last 15 years - it's Dubai money, India, Saudi and Qatar.

    Look at Forest Hill and Rosedale. Nothing like they were in the 80s and 90s. And the Canadian government is complicit in this - it's as if they want Toronto to become a stomping ground for money laundering.
    I agree its not just chinese atm There is a large population of wealthy Iranians in north Vancouver doing it as well.
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    Originally Posted by freshnevafrozen View Post
    Lol if you think any party will let house prices crash. That would screw their most important voting base, the old kunts that bought their homes for 20k in 1970 and feel entitled to sell it for $2,000,000 to wealthy Chinese people.
    it phucking sucks. I remember when Vancvouer and Toronto was just Expensive (200-300k more for the same house compared to praires). Not crazy like this.

    The downtown condo market in GTA/GVA is getting flooded from air bnb postings. Fully furnished condos increased supply 50% currently.
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    Originally Posted by Anachron View Post
    No municipality would care about this, the higher the house prices the more property tax they can collect. Pathetic but true.
    Right. And this is what encourages people to launder money through property. It is happening around the world - from Tripoli to Bulgaria to Belgium to Canada.

    And the social consequence though is that the neighborhoods (like the ones I mentioned) are destroyed. Empty houses that are simply used to park money taken out of a state (perhaps when a politically linked family flees the fall of a regime...) without a care for the property tax etc.

    It is pathetic and I wish more could be done about it. Well, I wish more would be done about it.
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    Registered User Anachron's Avatar
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    Originally Posted by winston89418 View Post
    it phucking sucks. I remember when Vancvouer and Toronto was just Expensive (200-300k more for the same house compared to praires). Not crazy like this.

    The downtown condo market in GTA/GVA is getting flooded from air bnb postings. Fully furnished condos increased supply 50% currently.
    This is an even bigger problem than the foreign investors situation ( although in a lot of cases, it's linked ).

    Any municipality should crack down on these. Most of these people don't even have commercial insurance, which should be a minimum requirement.
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    Originally Posted by winston89418 View Post
    it phucking sucks. I remember when Vancvouer and Toronto was just Expensive (200-300k more for the same house compared to praires). Not crazy like this.

    The downtown condo market in GTA/GVA is getting flooded from air bnb postings. Fully furnished condos increased supply 50% currently.
    they always get flooded closer to summer time

    Who knows what might happen, but most people that own these houses can weather a few bad months. On top of that, it's near impossible to get a mortgage on a property without 20% down so why would they sell too low when they have so much equity tied into the property?

    Also, not to mention a lot of homes in vancouver are paid off so people would rather get the price they want instead of selling at a 50% loss, they might as well just rent it out. Might be different out in maple ridge/abbotsford though where a lot of working class people might be getting fukked over because of this virus
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    Originally Posted by winston89418 View Post
    it phucking sucks. I remember when Vancvouer and Toronto was just Expensive (200-300k more for the same house compared to praires). Not crazy like this.

    The downtown condo market in GTA/GVA is getting flooded from air bnb postings. Fully furnished condos increased supply 50% currently.
    Why the PHUCK would you live in Toronto to begin with ? It's a dumpster. Vancouver i can understand but Toronto ? Lmao. And it's not just the chinese phucking up the market but the money laundering too, which is done by just about any criminal coming to Canada for lax regulations and cucked government.
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    Originally Posted by SkiGains View Post
    they always get flooded closer to summer time

    Who knows what might happen, but most people that own these houses can weather a few bad months. On top of that, it's near impossible to get a mortgage on a property without 20% down so why would they sell too low when they have so much equity tied into the property?

    Also, not to mention a lot of homes in vancouver are paid off so people would rather get the price they want instead of selling at a 50% loss, they might as well just rent it out. Might be different out in maple ridge/abbotsford though where a lot of working class people might be getting fukked over because of this virus
    the air bnb are getting flooded in the rental market. No one is obvously traveling and its creates a massive supply; its not normal for summer...
    its gonna take some time since house prices lag behind but with the crazy unemployment rates its coming.
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    Originally Posted by Brazzah View Post
    Why the PHUCK would you live in Toronto to begin with ? It's a dumpster. Vancouver i can understand but Toronto ? Lmao. And it's not just the chinese phucking up the market but the money laundering too, which is done by just about any criminal coming to Canada for lax regulations and cucked government.
    i live in Vancouver not toronoto, the real estate is the same. Every where else its affordable to buy, except maybe montreal. I feel like our government is so spineless and the sjw people call you a racist if say something bad.
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    Originally Posted by winston89418 View Post
    i live in Vancouver not toronoto, the real estate is the same. Every where else its affordable to buy, except maybe montreal. I feel like our government is so spineless and the sjw people call you a racist if say something bad.
    So don't live in Vancouver, and make your money go further?
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    Originally Posted by Anachron View Post
    So don't live in Vancouver, and make your money go further?
    its hard for Canadians, Most finance/tech and company head quarters located in Vancouver or Toronto. I did move from the Alberta since oil tanked and its even getting worst there.

    Americans have many more cities to live in for job opportunities compared to Canada.
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    Be patient.

    Will probably take years to stagnate then deflate.

    And years on the way up, if it ever happens again.

    You are right though. It's done.
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    Originally Posted by winston89418 View Post
    its hard for Canadians, Most finance/tech and company head quarters located in Vancouver or Toronto. I did move from the Alberta since oil tanked and its even getting worst there.

    Americans have many more cities to live in for job opportunities compared to Canada.
    There's companies headquartered in Montreal as well. There's a lot of branches of different companies just about anywhere else in Southern Ontario.

    Just trying to bring some perspective, not everyone needs to live on Toronto or Vancouver.
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    The people controlling the rent prices in Hongcouver and Chironto don't even live in those places lmfao. That's what happens when your real-estate market panders to Chinese buyers.
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    Originally Posted by winston89418 View Post
    the air bnb are getting flooded in the rental market. No one is obvously traveling and its creates a massive supply; its not normal for summer...
    its gonna take some time since house prices lag behind but with the crazy unemployment rates its coming.
    the people that can afford $200k downpayments on an apartment are the ones that can weather the storm. The people hoping for a crash aren't going to be much better off after this either
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    Originally Posted by SkiGains View Post
    the people that can afford $200k downpayments on an apartment are the ones that can weather the storm. The people hoping for a crash aren't going to be much better off after this either
    There are a lot of people over leveraged playing the multiple property game. If air bnb isint available and ppl not being able to pay rent, they are gonna be underwater. Its just a matter of time.
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    Originally Posted by Anachron View Post
    There's companies headquartered in Montreal as well. There's a lot of branches of different companies just about anywhere else in Southern Ontario.

    Just trying to bring some perspective, not everyone needs to live on Toronto or Vancouver.
    I know there are some headquarters and you dont need to live in Toronot or Vancvouer. I wish alberta oil would go back to highs but thats a pipe dream. I remeber when you could of just moved to fort mac and make 100k as a labourer.
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