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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
The boomers voted (i.e. homeowners with paid off mortgages or who have massive HELOCs) for the Liberals in massive numbers. Of course they don't want home prices to go down.
Neither do any of you detached home owners, even if you're millennial and can somewhat empathize with the plight of your less fortunate colleagues and friends.
This type of gaffe is par for the course for Robertson, but he has a lot more political savvy than most give him credit for.
Not sure if supply is going to do anything quite frankly because the only supply we can reasonable build in places where young people want to live (e.g.cities) is condos. And no one is buying condos these days because young people don't want them.
All the talk about the missing middle, apparently no one knows how to plan for and build a good middle.
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Literally the only option is to keep the home market flat for a LONG time, and increase supply substantially and wages. How the fuck anyone can do that I don't know, but I do know monopoly mega corporations paying minimum wage to their workers while simultaneously investing their profits in hedge funds that buy up real estate is for fucking sure how you don't do that.
People really gotta get it through their heads the way they spend their money is a hell of a lot more important than how they vote.
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98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever
Westopher is correct.
Quote:
Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
People really gotta get it through their heads the way they spend their money is a hell of a lot more important than how they vote.
This. I know a shit ton of people that make 2x or 3x more than me. And they're all complaining about how Carney is in and how they're gonna be broke and life is gonna be shit for the next 10 years. Yet, they out here buying new parts and shit with several tens of thousands in consumer debt.
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I don’t think any high income individual’s life would be affected by Carney winning. Maybe higher taxes here and there, but as far as their lifestyle goes, nothing much.
It’s the people in the lower income bracket who would be severely punished by liberal policies. They are, by design, to keep people dependent to the government. They offer little incentive for people to move up in income bracket unless one could jump significantly. Else, the small increase in income is often negated by the loss of their social benefits.
I honestly couldn’t give a rat ass who is in power. I’ve got enough that in the worst case scenario, I’d just pack up my bags and move somewhere else. But I feel bad for young kids who are just starting when the government policy works against them. And they don’t really have the luxury of moving somewhere else.
I truly hope that Carney wouldn’t be that radical. However, as of now, I don’t see much different between him and Trudeau. No policies to actually help people to succeed, but rather, touch up policies that really does little.
Literally the only option is to keep the home market flat for a LONG time, and increase supply substantially and wages.
You can increase supply but very few will actually buy it when pre-con is significantly more in price than resale. This is also ignoring all the risks associated with pre-construction, contracts heavily tilted towards developer's favour, poor layouts, buyers who don't understand their contracts, high $/sq.ft, unhealthy economy, poor buyer sentiment, etc, etc.
Until pre-con is priced at a discount to resale, I don't see anything changing in the housing market. Besides, Canadians are top 3 in terms of highest Household Debt to Income and Household Debt to GDP, which shows the incredible risk of debt serviceability.
Last edited by VRYALT3R3D; 05-16-2025 at 08:37 AM.
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Quote:
Originally Posted by VRYALT3R3D
You can increase supply but very few will actually buy it when pre-con is significantly more in price than resale. This is also ignoring all the risks associated with pre-construction, contracts heavily tilted towards developer's favour, poor layouts, buyers who don't understand their contracts, high $/sq.ft, unhealthy economy, poor buyer sentiment, etc, etc.
Until pre-con is priced at a discount to resale, I don't see anything changing in the housing market. Besides, Canadians are top 3 in terms of highest Household Debt to Income and Household Debt to GDP, which shows the incredible risk of debt serviceability.
It literally was less than resale market when I bought. I bought a new build slightly below $500/sq ft. when new ish condos in the same area were selling for 5-525. Once the market started steadily climbing without really any drops then presales were marketed at the price it was going to cost in 2 years with the same increases instead of current values, or a slight discount because you had to wait. I don't know the reason for it, I just know that it was. Probably due to market conditions, which seeing how many presales are sitting, it may finally happen again.
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98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever
Westopher is correct.
Quote:
Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
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Quote:
Originally Posted by BIC_BAWS
This. I know a shit ton of people that make 2x or 3x more than me. And they're all complaining about how Carney is in and how they're gonna be broke and life is gonna be shit for the next 10 years. Yet, they out here buying new parts and shit with several tens of thousands in consumer debt.
That was only partly what I meant. I was more alluding to spending your money in businesses that stand for your values is more effective than voting. Money is more powerful than policy in capitalism. Look at the US. Laws and the economy don't apply to people that are already rich. Stop spending your money in places that create conditions you don't want. It's harder and harder because people didn't give a fuck, now they are like "what am I supposed to do? Not buy from Amazon?"
Like yes, that's exactly what you're supposed to do.
It's like people that are mad because China has all the money that used to be ours. Bro go look at how many things in your house say made in China and you'll have your reason. It isn't GYNAs fault.
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98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever
Westopher is correct.
Quote:
Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
It's like people that are mad because China has all the money that used to be ours. Bro go look at how many things in your house say made in China and you'll have your reason. It isn't GYNAs fault.
In a different poli chat, someone shared a video of an automotive performance part maker in the US calling out crappy Chinese parts. But he blames China and not his retard customers who are happily shelling out fraction of the cost and expecting quality.
fucking idiot americans man.
Edit: Found the video. At around the 2:40 timestamp, he says "you're going to get the junk, cheap shit that they send over here". Here's the problem with dumb people. There's cheap shit everywhere. If you're gonna buy cheap parts, you're going to get cheaply made parts. So its not that China is sending you guys junk cheap shit, you guys intentionally purchased junk cheap shit.
Definitely going with a legit Walbro 255 for my turbo car's fuel system upgrade after someone I know(not me!) bought one of those $40 255 pumps off Amazon and it died in like 2 days.
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The vast majority of people are cheap, and dumb. Couple that with poverty and there is no chance your average person is willing to “speak with their wallet” when it comes to goods.
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Would be ironic if it was an American company or brand specifying the requirements of the terribly made parts from a supplier in China.
I would like to believe those of us on the forum are are intelligent enough to know the difference...I hope.
Usually it isn't like that. But according to an uncle I know that used to work in China trade, what happens is, US companies will give the US-grade specifications to a Chinese manufacturer while only offering a dirt cheap price. The US-grade specifications will require all sorts of safety measures -- lead-free paint, for example. Or buttons stitched onto a toy that can withstand X lbs of pulling forces. The US companies will even do their due dilligence checks with QC, sending inspectors over to check on stuff like whether the factory making the items will meet the ISO-whatever manufacturing specifications, whether the produced items meet the stringent US specs, etc.
But in reality, with the low prices being paid by the US companies, it is impossible to produce the goods that will meet the requirements. After all, things are always built to a price. So what ends up happening is widespread corruption. The factory that the inspector is brought to is essentially a model factory where the production requirements are met, but the actual production happens elsewere at small time factories. Inspection of products should have been random, but the manufacturers will get tipped off on which boxes the inspector will check, and the maufacturer will load those boxes with products that actually meet all the safety requirements and so on.
And of course the inspector sent from the US gets wined and dined and ladied up when they are in Dongguan to ensure that the inspection will get a passing grade.
Of course, that's what happened before. How much of that remains to be true now is anyone's guess.
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Quote:
Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
Usually it isn't like that. But according to an uncle I know that used to work in China trade, what happens is, US companies will give the US-grade specifications to a Chinese manufacturer while only offering a dirt cheap price. The US-grade specifications will require all sorts of safety measures -- lead-free paint, for example. Or buttons stitched onto a toy that can withstand X lbs of pulling forces. The US companies will even do their due dilligence checks with QC, sending inspectors over to check on stuff like whether the factory making the items will meet the ISO-whatever manufacturing specifications, whether the produced items meet the stringent US specs, etc.
But in reality, with the low prices being paid by the US companies, it is impossible to produce the goods that will meet the requirements. After all, things are always built to a price. So what ends up happening is widespread corruption. The factory that the inspector is brought to is essentially a model factory where the production requirements are met, but the actual production happens elsewere at small time factories. Inspection of products should have been random, but the manufacturers will get tipped off on which boxes the inspector will check, and the maufacturer will load those boxes with products that actually meet all the safety requirements and so on.
And of course the inspector sent from the US gets wined and dined and ladied up when they are in Dongguan to ensure that the inspection will get a passing grade.
Of course, that's what happened before. How much of that remains to be true now is anyone's guess.
Something I have learned over the years is that Chinese manufacturing can be as good or as bad as anyone, it all depends on how much money they put into it.
For instance, lately I've been buying tools for watchmaking. As a rough example, you could buy the $3000 Swiss version of a tool that can be excellent, or you can get a $300 cheap Chinese one that will be pretty shitty with tolerances all over the place. Or there may also be a $1000 Chinese tool that is the same quality as the Swiss one with the same tolerances. It's obviously not super cheap, but it's 1/3rd the price of the Swiss and the same (or sometimes better!) quality.
So what you're saying makes perfect sense to me. They have the capability, but time and effort = money, and not everyone is willing to put the money in. Especially if the brand has been built up already. So I could totally see that happening.
The vast majority of people are cheap, and dumb. Couple that with poverty and there is no chance your average person is willing to “speak with their wallet” when it comes to goods.
And that is the root cause. Unfortunately this is also nothing new. The exact same concerns were voiced decades ago, but people voted with their wallets and opted for cheaper prices.
Bribery, hookers, and blow? In China? No waaaaaaaaaaaaaaaaaaaaaay!
For some second or third tier companies, maybe, but for major players like Mattel, not a chance. There might be some bribery going on in terms of getting selected as oem, but the product is never compromised for top tier companies.
They only work with manufacturers with state of art factories. They have often the best machines in business. Yes, you have factories with crappy equipments, but there’s no chance you can work with top tier companies. Every little detail from machines used in manufacturing to materials to components are in their contract.
The qc process of top companies are anal. They would flat out reject the entire shipment of hundreds of containers if one sample didn’t pass the qc. And the oem bears all associated costs including penalties. Their contracts always have such term in place.
Source: I used to work in companies negotiating terms for these contracts. And trust me, when just writing the contract is hundreds of thousands of dollars, there’s no room for these shenanigans unless you can bribe the c-suite.
No need. It happens anyway. Everything is SOP in China. Bitches, gifts and fun is taken as must of trip. They don’t even ask what they want. They just think if they treat you well, you might be more lenient on stuff.
The crazy stories I’ve experienced and heard.
And really, the “fun” we can have here is nothing like those in China. It’s beyond your wildest dream, but real.
In Canada, if you wanted to move to a neighbourhood with the highest tech and the "movers and shakers" of Canada, where would you move to? (Pretend you have an unlimited budget, where are all the interesting people living in 2025?)
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Can someone like Honda explain to what the fck is up with those ostriches? I thought conservatives where all about hunting and eating meat. But know they are crying about some dumb ass birds being killed.
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Can someone like Honda explain to what the fck is up with those ostriches? I thought conservatives where all about hunting and eating meat. But know they are crying about some dumb ass birds being killed.
Ha, this story is hilarious and another illustration of how the far right has lost their mind.
It's the typical far right combination of conspiracy theory (avian flu isn't that bad - RFK has gotten on this bandwagon) plus distaste for perceived govt overreach.
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