Case against the Foreign Buyers Taxes and Speculation Taxes

[WarrenC12]

Originally Posted by chowhou

Why do you think BC Corporations are uniquely communist while foreign owners are uniquely capitalist? Everyone wants to get an ROI on their assets, and there's no reason to expect a BC Corp to be any more benevolent than a foreign owner. And it seems like you're rallying against corporate profit which is just another way of saying you don't want foreign owners or domestic owners or anyone ever investing in housing again. Why would we want that?

Isn't Hollyburn a notorious local RE investor that's often in the paper for renovictions and poor treatment of tenants?

I agree rent control is the main issue.

[chowhou]

Originally Posted by WarrenC12

Isn't Hollyburn a notorious local RE investor that's often in the paper for renovictions and poor treatment of tenants?

I agree rent control is the main issue.

Other names that instantly come to mind are the Sahotas and Plan A, though I suppose I'm ready for people to say that they're actually foreign (check the skin colour, it's obvious!)

[djmk]

Originally Posted by Kisai

We need to "owners" of property in BC, to actually live in BC, otherwise we're going to keep seeing situations where properties in BC are left to rot because the land owner decides to not pay the electricity or gas bill, and lets the building decay.

you might want to google "Sahota and Slumlord". or maybe Aquilini or Zen

BC owners are not necessarily better

[WarrenC12]

Originally Posted by chowhou

Other names that instantly come to mind are the Sahotas and Plan A, though I suppose I'm ready for people to say that they're actually foreign (check the skin colour, it's obvious!)

Yeah I left the Sahotas out because they don't do as much market rental IIRC.

Hell look at the owners of that building that burned down in Mt Pleasant. Local slumlords extraordinaire. Some of these people literally belong in jail.

[whatnext]

Originally Posted by djmk

you might want to google "Sahota and Slumlord". or maybe Aquilini or Zen

BC owners are not necessarily better

Unfortunately Larco seems to be sliding down that road.

'It's inhumane': Freezing Kerrisdale tenants frustrated with city, landlord over problem building
Faulty boiler, lack of repairs among long-standing problems plaguing two Vancouver apartment buildings owned by Larco Investments
Author of the article: By Dan Fumano
Published Aug 27, 2024

Bhavna Solecki has been wearing two pairs of socks, leg-warmers and a heavy sweater inside her home during the recent unseasonably chilly weather.

Her neighbours, most of whom are seniors, have been forced to bundle up inside their own apartments, she says.

Solecki has an auto-immune disorder that causes serious pain in her joints when the weather is cold, and had trouble getting out of bed Monday morning, she said, after weeks of the building’s heating system not working properly...

https://vancouversun.com/news/local-news...ver-landlord-over-buildings-lack-of-heat

Residents dealing with air quality issues at West Vancouver apartment building
By Kier Junos
Posted October 26, 2024 4:32 pm. Last Updated October 26, 2024 4:36 pm.
Residents of Park Royal Towers, an apartment building in West Vancouver, say they are concerned about the air quality in their home.

The building is owned by Larco Investments, the same company that owns Regency Park in Vancouver’s West End — another building that has faced similar issues.

One renter in his 70s, who did not want to be identified in fear of retaliation, says he has asthma that has gotten worse due to poor air circulation in his home.

“I see it, every day, get worse and worse. I went to the doctor too many times for this matter,” he said.

“They gave me three different kinds of puffers, which is not helping me a lot, but I feel a little more comfortable.”

He says the biggest issues are in the kitchen and bathroom, starting with the fans.

The resident showed CityNews what appears to be a range hood above the stove. However, instead of a vent above the stove taking air out, there is only a storage cabinet....

....CityNews reached out to Larco Investments and the District of West Vancouver for comment.

https://vancouver.citynews.ca/2024/10/26/west-vancouver-apartment-air-quality-issues/