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01-29-2009, 04:30 PM
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#51 | | Banned (ABWS)
Join Date: Jan 2009 Location: Burnaby.
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Originally Posted by Mice  You jealous?
It's okay I understand. It's impossible for you to purchase a home in Vancouver unless you have strong financial backups. My parents just transferred two of their homes under my name. | HAHAHAHAHAHAaaaaaaaaaaaaaaaaaaaaaaaaAAaaaaaaaaaaaa aaaaaaaaaahaaaaaaaaaaaaaAaaaaaaaaaaaaaaaaaaaaaaaa
it doesnt matter if your parents just transferred two homes to your name its still THEIRS!!!! Plus you ll be liable for all the equity they pulled out of it to buy you that mercedes or gallardo.  | 
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01-30-2009, 06:29 AM
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#52 | | Willing to sell a family member for a few minutes on RS
Join Date: Feb 2005 Location: Surrey
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01-30-2009, 07:24 AM
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#53 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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to transfer into your name, don't you have to pay taxes on the transfer based on current market value? i guess your parents paid for that too?
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
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[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
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01-30-2009, 09:06 AM
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#54 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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Originally Posted by GLOW to transfer into your name, don't you have to pay taxes on the transfer based on current market value? i guess your parents paid for that too? | Ya, capital gains on the difference between the purchase price it was bought for and the value of it when it was transferred. I only know this because my mother in law did this when she was terminally. It allowed her kids to avoid having to go through probate and all the costs associated with it but they did have to pay capital gains.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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01-30-2009, 10:43 AM
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#55 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^that's assuming there IS a gain in value 
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Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-30-2009, 11:41 AM
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#56 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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Originally Posted by wouwou ^that's assuming there IS a gain in value | True, that also assumes that it's not your primary residence. I believe if you don't already own a home and you stay in it for a while (year comes to mind) you will not have to pay the gains. Please don't take this advice as fact though check with your lawyer or accountant because I'm going from memory and sometimes my memory or interpretation may be incorrect. 
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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01-30-2009, 11:45 AM
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#57 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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^Oh I am pretty sure his parents' accountants and lawyers will take care of that
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-30-2009, 11:52 PM
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#58 | | I contribute to threads in the offtopic forum
Join Date: May 2004 Location: Vancouver
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i dont' even know if people who say they own so many properties and stuff are serious anymore... whether they're lying or not...
i don't own anything right now, does that make me a failure compare to all those people that their parents transfer everything to them?...
and if it's true... then yes i'm jealous by the fact you have a couple of nice places you can live in.. but i'm not jealous at your ability to make your own earnings to buy these properties... if i were you in this case.. i wouldn't be bragging about how your mommy and daddy transferred properties to you...
but then again.. that's just me, the guy who owns practically nothing who's still in SFU with a student loan..
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01-31-2009, 12:26 AM
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#59 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
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Some people really need to grow up and start talking and bragging about what they've accomplished, not what others have accomplished.
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01-31-2009, 03:38 AM
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#60 | | Banned (ABWS)
Join Date: Apr 2007 Location: Vancouver
Posts: 157
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Originally Posted by scheng924 i dont' even know if people who say they own so many properties and stuff are serious anymore... whether they're lying or not...
i don't own anything right now, does that make me a failure compare to all those people that their parents transfer everything to them?...
and if it's true... then yes i'm jealous by the fact you have a couple of nice places you can live in.. but i'm not jealous at your ability to make your own earnings to buy these properties... if i were you in this case.. i wouldn't be bragging about how your mommy and daddy transferred properties to you...
but then again.. that's just me, the guy who owns practically nothing who's still in SFU with a student loan.. | i wouldn't worry about it that much scheng924, some people just come out of the right hole, the same people think they're the big dick but it's just the umbilical cord
Last edited by hung_low; 02-01-2009 at 03:21 AM.
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01-31-2009, 10:24 AM
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#61 | | WOAH! i think Vtec just kicked in!
Join Date: Apr 2004 Location: Vancouver
Posts: 1,687
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Originally Posted by Synaptik vancouver's housing price is a direct result of mainlanders and hk immigrants coming here and buying up everything in sight.
also lol@rmd acura and rmd automall dealers. never had to work for a sales ever. |
Yup, foreign investment is the # 1 reason why housing prices are high.
If you look at other high priced cities, such as San Fran, Hawaii etc. It's because theres foreign people that buy up properties, and therefore increasing the price. Hawaii gets foreign investment from everybody, cause everyone loves the sun and sea.
For Vancouver, the foreign investors are mainland immigrants with shiet loads of cash. It's the same thing happening in San Francisco (where there are tonnes of asians). Where housing in other cities in the US dropped dramatically. San Fran just had a "modest" decline.
Asians want to live in a city where they don't need to adapt much to new cultures or learn the english language.
The locals cant compete with the foreigners when they bring in their millions of dollars.
It sucks for locals, but thats just the nature of the city.
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