Vancouver's Real Estate Market

[Tapioca]

We really only have ourselves to blame for China's corrupt money. We have demanded cheaper prices and we, as shareholders of some of the world's largest companies, have demanded higher returns. It's coming home to roost, unfortunately.

Since we're on the topic of electric vehicle charging stations, the new condo development in Langley that people were lining up for actually has charging stations assigned to each unit:

Condo & Penthouse Features - Yorkson Creek

There's no mention if the strata will be on the hook for the power, or if the power will be bundled in the billing for each suite.

[SumAznGuy]

Originally Posted by Dragon-88

Side note: I learned from a Realtor friend yesterday about finding renters. He mostly posts his ads in Korean or Japanese newspapers. In most cases he looks for 1-2 year students, but apparently they are very well kept and take care of the place and actually clean up when their term is done.

Just don't go on CL looking for korean students. My wife did that and founds lots of "ads" for them.

To be fair, we've dealt with many types of china students/families in our building.
There was one girl who was raised in a boarding school in England so she was able to take care of herself and spoke very good english.
We've also met the poor ones who didn't want strata to go through with the building being repainted cause they like to live in a dive.
Some of these kids are living on their own for the very first time so they have no concept of what we deem as acceptable or not acceptable behaviour.

[SumAznGuy]

Originally Posted by buhdeh

When I was condo hunting in Toronto, I couldn't even count the number of units in brand new buildings that were being rented out to mainlanders and were completely trashed.

One of my neighbours just returned from their 6 month stay in Mexico.
Retired couple who spends their winters in Mexico and rented out their unit while they were away.

The couple they rented to seemed nice at first. Then after the moved in, they got a puppy and let the dog poop and pee everywhere.
They left rotting garbage in the sink till the unit was full of fruit flies.

Fast forward to last week, the couple that rented had broken up sometime in the past 6 months and all that was left was the girl and her dog plus another female room mate. They claimed they hired a professional cleaner to clean the place before returning the keys. The owners went into the unit and found dried doogy doo everywhere as well as the furniture was all chewed up from the puppy.

[MarkyMark]

I seriously don't understand how people can live like that.

[Harvey Specter]

Originally Posted by westopher

Lol business in North America is done in the most unethical manor in the world. Other countries are just joining the party.

+1.

Just one example is Vancouver city council and list goes on.

Only difference between corruption in North America vs. Asia is it's not as obvious. It most places in Asia it's a known fact that you need to pay off certain individuals to get stuff done, here it's more hush hush and favors are usually done at a smaller scale e.g get me a permit and I'll fix your house or give you a donation next time around, etc...

[SumAznGuy]

Originally Posted by Harvey Specter

+1.

Just one example is Vancouver city council and list goes on.

Only difference between corruption in North America vs. Asia is it's not as obvious. It most places in Asia it's a known fact that you need to pay off certain individuals to get stuff done, here it's more hush hush and favors are usually done at a smaller scale e.g get me a permit and I'll fix your house or give you a donation next time around, etc...

Lots of fine dinners with nice wine. Bring your wife. We can watch the canucks in my private suite. etc....

Hell, put a $20 in your palm and shake the bouncer's hand to get into the club faster.

[Mr.HappySilp]

Originally Posted by MarkyMark

I seriously don't understand how people can live like that.

LOL one of the students we rented out for 2 years. After she left we had to throw out the whole bed. Apparently there was blood stains all over the matress and cover is dirt. I guess she never bother to change the bed sheets either coz it is black. Yea...... and I think I am lazy for not washing my bed sheets every week.

[matrixfwd]

Vancouver realtor accused of making threats




http://www.theglobeandmail.com/news/...ticle30024457/


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[Ch28]

Originally Posted by Tapioca

We really only have ourselves to blame for China's corrupt money. We have demanded cheaper prices and we, as shareholders of some of the world's largest companies, have demanded higher returns. It's coming home to roost, unfortunately.

Since we're on the topic of electric vehicle charging stations, the new condo development in Langley that people were lining up for actually has charging stations assigned to each unit:

Condo & Penthouse Features - Yorkson Creek

There's no mention if the strata will be on the hook for the power, or if the power will be bundled in the billing for each suite.

Oh, god. All that yellow highlighted text reminds me of a Geocities website or something

[4444]

Originally Posted by westopher

Lol business in North America is done in the most unethical manor in the world. Other countries are just joining the party.

i disagree, there can be questionable acts, but in general all the companies i have worked for truly do look out for their employees, the environment, the betterment of the world, though profits do dictate to what extent the above occurs.

I don't think i could say the same for developing nations.

a lot of this comes down to government regulation too. in china, for example, there are no regulations against dumping chemicals in streams and rivers (i was there once and told that, couldn't believe it).

[CharlesInCharge]

Originally Posted by 4444

i disagree, there can be questionable acts, but in general all the companies i have worked for truly do look out for their employees, the environment, the betterment of the world, though profits do dictate to what extent the above occurs.

I don't think i could say the same for developing nations.

a lot of this comes down to government regulation too. in china, for example, there are no regulations against dumping chemicals in streams and rivers (i was there once and told that, couldn't believe it).

I think youre the last person on RS to judge "betterment of the world" when you take opposition to such a profound comment made by someone who isnt a rat race brainwashed robot.
http://www.revscene.net/forums/70753...ml#post8755082

[GLOW]

Originally Posted by matrixfwd

Vancouver realtor accused of making threats

Vancouver realtor accused of making threats - The Globe and Mail


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inb4 layla yang scumbag memes
#thuglyfe

[4444]

Originally Posted by CharlesInCharge

I think youre the last person on RS to judge "betterment of the world" when you take opposition to such a profound comment made by someone who isnt a rat race brainwashed robot.
http://www.revscene.net/forums/70753...ml#post8755082

Yup, I'm brainwashed, uneducated, a puppet... whatever you think

[UFO]

Originally Posted by originalhypa

It may not be new to your ancient society of corrupt dirtbags, but the last time I checked this was still North America where most business was done in an ethical manner.

So yeah, it is new. Which is why it's on the front page of every news outlet right now.

I know you're an old man, astute in your wisdom of the real world. Which is why I'm having trouble accepting your naivity that things like the above happen

Businesses take advantage/abuse loopholes all the same, which is really what this is, a loophole that is being abused. And you can also bet that these students and their families who 'live' here are collecting welfare cheques, free MSP, subsidized/free education.

[Akinari]

Originally Posted by matrixfwd

Vancouver realtor accused of making threats




Vancouver realtor accused of making threats - The Globe and Mail


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Reading this garbage disgusted me to the nth degree. Nevermind the lowlife realtor, it's immensely appalling how all levels of government can essentially plug their ears and cover their eyes and say absolutely nothing wrong is happening with our housing market, all the while pretty much acknowledging that this is going on right under their noses and nothing is going to be done to stop it because nothing can be done, otherwise they'd all be labelled racists and they'd stop earning their equally insanely high salaries.

It's just so frustrating when those who have lived in Vancouver their entire lives are witnessing their city going to shit, as a result of these greedy politicians who know nothing more but to continuously shovel money into their pockets. For young families who are looking to purchase a home for a first time, having to compete with foreign criminals trying to launder their corrupted money out from another country, must be a terrible experience.

[Ludepower]

These foreigners have cold hard cash and laundering it through. How does the government stop it when its the canadian relatives and fake business that are purchasing it.

[4444]

i know it may seem cool to be anti corporate, saying all companies are corrupt, just consider this for western companies:

A company has to act within guidelines, financial, regulatory, sector specific, etc. A company will have rules that must be complied with, and if not complied with, will be found out and those breaking the rules will be held accountable (having said that, white collar crime isn't heavily enough hit). Sarbanes Oxley rules are just one to prevent issues stemming from the Enron/Worldcom accounting cluster fuck.

There have been issues, of course, but we learn from them and move on.

Corporate entities being used by individuals to skirt the laws (panama papers style) is not anything to do with companies. Companies and corporations are not interchangeable. Any corporate entity used is just an extension of the person utilizing said entity to avoid tax, hide money, etc.

I know CIC will just say i'm brainwashed, uneducated, rat racer, etc. but in the end of the day, it is humans that are corrupt, company guidelines, governmental regulations, etc. prevent much more fraud and unethical behaviour occurring. The problem is, people like CIC have probably never worked a real job, or has no actual experience seeing how companies work.

Regulations in the western world are so much more strict than in the developing world. Corruption and unethical behaviour, whilst still alive in the western world (and will always be to some degree), is significantly greater in developing economics and markets due to a lack of regulation and a greater focus on growth than morality.

[m4k4v4li]

Kareem Serageldin, its his fault clearly

[originalhypa]

Originally Posted by westopher

Lol business in North America is done in the most unethical manor in the world. Other countries are just joining the party.

Let me say that I would like to think that it's better in North America, where we actually teach ethics to business students.

In my industry we deal with Cable and Telephone companies where there is a strong focus on ethical business. Look at Telus' corporate statement on corruption.

Bribery and corruption is one of the primary obstacles to economic development. It undermines the rule of law, weakens trust in public institutions and challenges democratic principles. Bribery and corruption can exist in any society, rich or poor, creating a need for continued vigilance by regulators, law enforcement agencies and industry leaders.

Risks from bribery and other forms of corruption are a concern for companies both in Canada and abroad. Companies may be confronted with demands for bribes, challenged by competitors acting corruptly or faced with employees violating their codes of conduct. TELUS mitigates these risks by implementing and enforcing a robust Anti-Bribery and Corruption Compliance Program that is supported by clear policies, processes and controls.

Since 2012, we have addressed anti-bribery and corruption risks through a risk-based framework that includes:

Senior management involvement and support: senior leaders across TELUS were identified as responsible and accountable for making sure the Anti-Bribery and Corruption Compliance Program is effectively implemented and consistently monitored. Senior executives set the tone to create a culture where bribery is unacceptable.

Corporate compliance policies and procedures: a specific Anti-Bribery and Corruption Policy was rolled out to the TELUS team after being approved by the TELUS Board of Directors. The policy provides further clarity and guidance for employees and third parties engaged by TELUS, and supplements other guidance in the TELUS Code of Ethics and Conduct, the Supplier Code of Conduct, and our Code of Conduct for Business Sales Activities.

Training and education: our annual Integrity training highlights our zero-tolerance approach to bribery and corruption. Further training continues to be provided through our Business Sales Code of Conduct and Anti-Bribery and Corruption programs.

Incentives and consistent disciplinary procedures: annual performance objectives were created for employees responsible for implementing and monitoring the compliance program. Failure to act in accordance with the Anti-Bribery and Corruption Policy may subject employees to disciplinary action, which may include dismissal.

I have seen many situations where we as suppliers knew one of our competitors was using personal gain as an incentive to do business. In all of those situations, it wasn't long before someone figured it out, and people lost their jobs.

So yes, unethical practices still exist. But not even close to the extent that bribery and scandals happen in Asia and South America.

Originally Posted by 4444

i know it may seem cool to be anti corporate, saying all companies are corrupt, just consider this for western companies:

A company has to act within guidelines, financial, regulatory, sector specific, etc. A company will have rules that must be complied with, and if not complied with, will be found out and those breaking the rules will be held accountable (having said that, white collar crime isn't heavily enough hit). Sarbanes Oxley rules are just one to prevent issues stemming from the Enron/Worldcom accounting cluster fuck.

There have been issues, of course, but we learn from them and move on.

werd.


However I would like to see bankers and fraudsters actually get jail time for what they've done. People manipulating the markets, banks profiting off drugs or arms. Then there are situations like the Mike Duffy trial make me wonder if justice is really blind, or just inconsistent.

[SumAznGuy]

Originally Posted by originalhypa

I have seen many situations where we as suppliers knew one of our competitors was using personal gain as an incentive to do business. In all of those situations, it wasn't long before someone figured it out, and people lost their jobs.

So yes, unethical practices still exist. But not even close to the extent that bribery and scandals happen in Asia and South America.

I think the key to it all is your last the second line here.
It's not uncommon to take people out on business lunches/dinners
I've also heard stories of after dinner events in the name of building better customer/supplier relationships.
Like my example. Tickets to the Canucks in someone's private box.

I've heard of stories where drug companies take pharmacist/doctors to info seminars + golf and dinner to introduce them to new medications that they can prescribe for certain illnesses.

Of course, all this doesn't compare to the amount of corruption there is in other developing countries.

[originalhypa]

Originally Posted by SumAznGuy

It's not uncommon to take people out on business lunches/dinners
I've also heard stories of after dinner events in the name of building better customer/supplier relationships.
Like my example. Tickets to the Canucks in someone's private box.

We're not even allowed to give our customers donuts based on their corporate policies. It sucks to work for one of the big corporations.

So it looks like if you're into grey market, under the table, or straight up bribery, get into a trade or politics.

[Z3guy]

building repore or getting to know your customers via hockey suites or playing golf is normal business practices to me. Heck, the stuff the pharma guys do is borderline unethical. However, for most part, North American business is competitive as heck where everyone is looking for an edge, but for the most part, play pretty above board. Asian business seems to start with the corrupt route or "how can I benefit personally Vs the company" mentality first. It is a huge difference imo.

[unit]

Originally Posted by originalhypa

We're not even allowed to give our customers donuts based on their corporate policies. It sucks to work for one of the big corporations.

So it looks like if you're into grey market, under the table, or straight up bribery, get into a trade or politics.

my old company was sort of like that as well. we used to get tons of xmas party prizes from vendors, then as we got bigger we weren't able to accept them anymore.

[SumAznGuy]

Originally Posted by originalhypa

We're not even allowed to give our customers donuts based on their corporate policies.

NOOO!!!!

Spoiler!

[dat_steve]

Originally Posted by Akinari

Reading this garbage disgusted me to the nth degree.

That and the fact that any threats uttered with such poor, poor English really loses any effect. "You don't want to fucking be alive"..wait don't you mean I do want to be alive and I don't want to die?