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07-09-2015, 08:47 AM
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#51 | | Hacked RS to become a mod
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Originally Posted by willystyle  Read more about it since yesterday.
China's stock market has gained 110% in value this year, lost 30% in the last couple of days, then the western mainstream media calls it a crash. Lol | It doesn't matter how much it went up, it's still a crash. That's not what "western media" calls it, it's what it literally is.  | 
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07-09-2015, 08:49 AM
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#52 | | Pull Out Towing. Women rescued for free.
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Originally Posted by originalhypa People leveraging their debt based on the value of their home, and using that to buy a luxury car. It's absolutely insane! | Prior to the 2007 US crash, I heard lots of stories of people in the US were doing that.
Bought a $200K house in Riverside, CA. Value shoots up to $400K so they get a second mortgage and buy a Hummer, fancy furniture, holidays.... 
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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07-09-2015, 08:52 AM
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#53 | | HELP ME PLS!!!
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Originally Posted by SkinnyPupp It doesn't matter how much it went up, it's still a crash. That's not what "western media" calls it, it's what it literally is. | Then we better see a recession or depression as days follows as that's normally what a real crash is.
This is more of a correction than a crash to me.
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07-09-2015, 08:56 AM
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#54 | | Hacked RS to become a mod
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Originally Posted by willystyle Then we better see a recession or depression as days follows as that's normally what a real crash is.
This is more of a correction than a crash to me. | Whatever you want to call it I guess... Media here is covering it the same way as there. Don't look for reasons to be mad where there are none is all I meant to say.
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07-09-2015, 08:57 AM
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#55 | | HELP ME PLS!!!
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Originally Posted by SkinnyPupp Whatever you want to call it I guess... Media here is covering it the same way as there. Don't look for reasons to be mad where there are none is all I meant to say. | The mainstream media here is bias as hell as always pertaining anything to Russia and China.
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07-09-2015, 09:01 AM
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#56 | | Hacked RS to become a mod
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Originally Posted by willystyle The mainstream media here is bias as hell as always pertaining anything to Russia and China. | How do you think that news is covered in Russia and China? Keeping in mind that there is no free press in either of those countries - media is all state run. No bias there I'm sure!
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07-09-2015, 09:03 AM
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#57 | | HELP ME PLS!!!
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Originally Posted by SkinnyPupp How do you think that news is covered in Russia and China? Keeping in mind that there is no free press in either of those countries - media is all state run. No bias there I'm sure! | I read propaganda from both to form my own opinion. Your average joe don't.
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07-09-2015, 09:12 AM
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#58 | | Hacked RS to become a mod
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Originally Posted by willystyle I read propaganda from both to form my own opinion. Your average joe don't. | Propaganda only comes from one side... The other may or may not have a bias, it depends on the source.
The only reason to read state run media is for the comedy, IMO.
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07-09-2015, 09:32 AM
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#59 | | I Will not Admit my Addiction to RS
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this is good news for current home owners in vancouver. we can expect home values to only remain steady rise in the coming years. vancouver RE is like the ideal substitute good to holding stocks
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07-09-2015, 10:06 AM
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#60 | | I wish I was where I was when I wished I was here
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D Quote:
Originally Posted by originalhypa | Nothing in the article talks specifically about people putting up loans on their homes for luxury cars.
While I don't doubt that this is happening since us North Americans are dumb with our money but I don't think its a key player in why BC is up 50%. I believe it's mainly because of the influx of mainlanders and mainlanders kids with mommy and daddy money, others because BC has the best weather for super cars, and also the Canadian dollar being low which also boosts some sales from US customers from the west coast
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07-09-2015, 11:39 AM
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#61 | | they call me the snowman
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Originally Posted by hchang D
Nothing in the article talks specifically about people putting up loans on their homes for luxury cars. | While that is true, one has to wonder where is the money coming from?
If my house goes up, which it has over the last few years, I'm actually poorer for it based on higher property taxes. If my house goes up on paper, I'm not earning any more than I was prior to the bump.
Unless you take into account the one thing that paper value will give you, and that is higher leverage for borrowing.  Quote: Hello, Capital Direct? I need a loan based on my home going up in value so I can buy a Porsche.
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While I don't doubt that this is happening since us North Americans are dumb with our money but I don't think its a key player in why BC is up 50%. I believe it's mainly because of the influx of mainlanders and mainlanders kids with mommy and daddy money, others because BC has the best weather for super cars, and also the Canadian dollar being low which also boosts some sales from US customers from the west coast
| The Globe and Mail article on the subject is a lot more in depth than the CBC article and it goes into detail about the factors. Quote:
Several factors account for the trend:
*The international flavour of high-income people flocking to British Columbia and the Lower Mainland.
*A “business-friendly” provincial government that has residents feeling flush, willing to spend money on strong automotive brands.
*British Columbians are leveraging equity on their homes to help finance new cars. Residents are accustomed to dealing with a high cost of living, so why not throw a premium car into the game?
| It comes down to consumer confidence being very high, just like it was in the US in 2007, a year prior to their major crash. British Columbia?s luxury car boom is in full swing - The Globe and Mail | |
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07-09-2015, 11:49 AM
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#62 | | Banned (ABWS)
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Originally Posted by SumAznGuy Prior to the 2007 US crash, I heard lots of stories of people in the US were doing that.
Bought a $200K house in Riverside, CA. Value shoots up to $400K so they get a second mortgage and buy a Hummer, fancy furniture, holidays.... | I bought a GMC Typhoon(Mistake, they are money pits to the extreme!!!) off a guy who rode the real estate boom up. He had one house that tripled in value in like 3 years, then mortgaged it to the tits to buy like 5 properties and build 5 houses or something on it, an entire cul-de-sac
Then the crash started early in Colorado and he had to sell all the toys to survive, I think he even lost his original house...
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07-09-2015, 11:51 AM
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#63 | | Banned (ABWS)
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Originally Posted by Gululu this is good news for current home owners in vancouver. we can expect home values to only remain steady rise in the coming years. vancouver RE is like the ideal substitute good to holding stocks |
Yeah but it destroys the social fabric of your city, people cannot afford to have children so many people drown themselves in liquor, drugs and hookup sex!
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07-09-2015, 12:28 PM
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#64 | | I subscribe to Revscene
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Originally Posted by multicartual Yeah but it destroys the social fabric of your city, people cannot afford to have children so many people drown themselves in liquor, drugs and hookup sex! | that just sounds like a normal friday night at the Roxy, bud
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07-09-2015, 01:04 PM
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#65 | | My homepage has been set to RS
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Originally Posted by multicartual Yeah but it destroys the social fabric of your city, people cannot afford to have children so many people drown themselves in liquor, drugs and hookup sex! | Just over 7 billion people on this earth,
I don't think we need more kids.
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07-09-2015, 01:26 PM
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#66 | | I keep RS good
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Originally Posted by subordinate Just over 7 billion people on this earth,
I don't think we need more kids. | we need more kids.
to create more real problems.
so we can solve those real problems, therefore become more advanced.
imagine the technology needed to sustain like 18 billion people on this planet or something.
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07-09-2015, 02:36 PM
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#67 | | Pull Out Towing. Women rescued for free.
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Originally Posted by multicartual I bought a GMC Typhoon(Mistake, they are money pits to the extreme!!!) off a guy who rode the real estate boom up. He had one house that tripled in value in like 3 years, then mortgaged it to the tits to buy like 5 properties and build 5 houses or something on it, an entire cul-de-sac
Then the crash started early in Colorado and he had to sell all the toys to survive, I think he even lost his original house... | To think, Colorado is in a housing boom right now. Colorado home prices rising at fastest rate in country - The Denver Post
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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07-09-2015, 02:42 PM
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#68 | | HELP ME PLS!!!
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We don't need any more people. This planet is already over-populated. For the rest of the world to have our living standards here in Canada. We need a population of 3 billion.
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07-09-2015, 04:18 PM
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#69 | | My homepage has been set to RS
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should we all be concern about china having a crashed with the market? If I dont have any money invested with china I shouldnt care right?
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07-09-2015, 05:03 PM
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#70 | | I don't get it
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Face it, us poor folks in Vancouver are just HOPING this 'crash' helps our real estate problem. Reality is (and deep down you know it too), this 'crash' is unlikely to change anything in this overpriced city.
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07-09-2015, 08:47 PM
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#71 | | I contribute to threads in the offtopic forum
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Originally Posted by ilovebacon should we all be concern about china having a crashed with the market? If I dont have any money invested with china I shouldnt care right? | You may not have any money invested in China, but your employer, your clients, city, friends might have. So yes you should care.
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07-09-2015, 09:22 PM
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#72 | | Banned (ABWS)
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Originally Posted by willystyle We don't need any more people. This planet is already over-populated. For the rest of the world to have our living standards here in Canada. We need a population of 3 billion. |
I want someone to carry on my traditions, way of life, and care for me when I'm too old to chirp 2nd...
...
Who am I kidding I'll never be too old to chirp 2nd  | |
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07-09-2015, 09:39 PM
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#73 | | MiX iT Up!
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buy low
sell high
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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07-09-2015, 10:29 PM
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#74 | | y'all better put some respeck on my name
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Supposedly a good time to find some deals on the Hang Seng.
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07-09-2015, 11:15 PM
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#75 | | HELP ME PLS!!!
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Originally Posted by ilovebacon should we all be concern about china having a crashed with the market? If I dont have any money invested with china I shouldnt care right? | That's like saying if I don't have money invested in NASDAQ (US stock market), and it crashes. It shouldn't affect me.
It did and it will.
China is too intertwined with the world economy. If China's economy crashes, it will take everybody else along with it, just like the US back in '08. Quote:
Originally Posted by HKSR Face it, us poor folks in Vancouver are just HOPING this 'crash' helps our real estate problem. Reality is (and deep down you know it too), this 'crash' is unlikely to change anything in this overpriced city. | When and if China crashes, it will affect more than just real estate in Canada. it will affect our cost and standard of living.
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