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  #781  
Old Posted Nov 2, 2015, 10:33 PM
trofirhen trofirhen is offline
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Originally Posted by WarrenC12 View Post
Aren't all of your posts rhetorical?
Aren't all of your posts "AD HOMINEM?" It's getting to be routine, and other posters - and perhaps mods - are noticing it.
     
     
  #782  
Old Posted Nov 2, 2015, 10:41 PM
jsbertram jsbertram is offline
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more news to stir the pot

Royal Bank scraps size limit on newcomer mortgages to keep up with Chinese demand
Canada's largest bank used to limit loan sizes to $1.25M for those with no local credit history

more:
http://www.cbc.ca/news/business/rbc-mortgage-limit-size-1.3299631
     
     
  #783  
Old Posted Nov 2, 2015, 10:43 PM
Pinion Pinion is offline
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Originally Posted by WarrenC12 View Post
Well, asset tax seems to be verboten, but people in $3M homes shouldn't be getting a free ride just because they bought it 50 years ago for $100k. "Forcing" people out with high taxes to another owner who can afford them will help our market problem. Low income squatters only make it worse.
I can't believe I just read this.
     
     
  #784  
Old Posted Nov 2, 2015, 10:51 PM
twoNeurons twoNeurons is offline
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Originally Posted by st7860 View Post
Easy. Either stop the 30 thousand people coming to metro vancouver annually from coming

Or start up zoning like crazy .
30k for all of Metro Vancouver ( 2,500,000 people ).

And a small fraction of them coming to Vancity itself.

There are also approximately 30,000 deaths across BC every year ( and growing, due to baby boomers starting to get old ). Likely about ⅔ from Metro Vancouver.

For now, births exceed deaths... but that will soon change.

Quote:
Vancouver Census Metropolitan Area (CMA) housing starts were trending at 21,459 units overall in September compared with 22,419 units in August. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
source: http://www.rew.ca/news/housing-starts-in-vancouver-slip-a-little-in-september-cmhc-1.2080919

That's 21k ( 6-month moving average ) starts in September. Even though they hide the real number behind a 6-month moving average ( to make it hard for the public to see TRUE declines and patterns, imho ) that's still 20k UNITS... housing 40–50k people is my guess. PER MONTH.

We have LOTS and LOTS of space in Metro Vancouver to absorb 30k people yearly without even flinching. Look at the vast swaths of land across the Fraser river.

In the end, high housing prices are NOT caused by a lack of supply. They are caused by cheap money and FUD from the real-estate industry, along with a dose of yellow peril in the media.
     
     
  #785  
Old Posted Nov 2, 2015, 10:58 PM
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Originally Posted by jsbertram View Post
Royal Bank scraps size limit on newcomer mortgages to keep up with Chinese demand
Canada's largest bank used to limit loan sizes to $1.25M for those with no local credit history

more:
http://www.cbc.ca/news/business/rbc-mortgage-limit-size-1.3299631
Cmhc and genworth among others allow citizens to buy a investment property with an amortization as long as 40 years and the down payment may be borrowed from a first home as well . rbc is helping put people in homes
     
     
  #786  
Old Posted Nov 2, 2015, 10:58 PM
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Quote:
Originally Posted by twoNeurons View Post
In the end, high housing prices are NOT caused by a lack of supply. They are caused by cheap money and FUD from the real-estate industry, along with a dose of yellow peril in the media.
High housing prices for COV SFH are most certainly a lack of supply.
     
     
  #787  
Old Posted Nov 2, 2015, 11:03 PM
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Originally Posted by twoNeurons View Post
30k for all of Metro
In the end, high housing prices are NOT caused by a lack of supply. They are caused by cheap money and FUD from the real-estate industry, along with a dose of yellow peril in the media.
In the end there are only 42 thousand or so single family homes in vancouver and more are being lost every year. No matter what the conservatives or liberals have done there are still over 200 thousand people coming to Canada per year the bulk of which go to vancouver , Toronto , and Montreal . Basically there's not enough houses to go around
     
     
  #788  
Old Posted Nov 3, 2015, 12:54 AM
Vin Vin is offline
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  #789  
Old Posted Nov 3, 2015, 2:39 AM
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Quote:
Originally Posted by twoNeurons View Post
source: http://www.rew.ca/news/housing-starts-in-vancouver-slip-a-little-in-september-cmhc-1.2080919

That's 21k ( 6-month moving average ) starts in September. Even though they hide the real number behind a 6-month moving average ( to make it hard for the public to see TRUE declines and patterns, imho ) that's still 20k UNITS... housing 40–50k people is my guess. PER MONTH.
That's an annualized number.

Do you really think it's possible for the construction industry to make enough housing for 500,000 people in a year in this city? Cause that's what you just implied...
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  #790  
Old Posted Nov 3, 2015, 5:43 AM
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well, so if 70% of west end homes are going to chinese, it might be an interesting time to do some rezoning for density. since the feds and province aren't willing to do anything about affordability, why not upzone for 100,000 units on the west side, now that the nimbys have been thinned out and replaced with foreigners. win-win.
     
     
  #791  
Old Posted Nov 3, 2015, 7:27 AM
Caliplanner1 Caliplanner1 is offline
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Originally Posted by a very long weekend View Post
well, so if 70% of west end homes are going to chinese, it might be an interesting time to do some rezoning for density. since the feds and province aren't willing to do anything about affordability, why not upzone for 100,000 units on the west side, now that the nimbys have been thinned out and replaced with foreigners. win-win.
It's kind of ironic that the urban sprawl of my city, Los Angeles, has made low density housing affordable and enjoyable. I do enjoy coming home (5 minutes from work) to a nice big backyard/swimming pool and privacy.

I am now starting to seriously reconsider my attraction to Vancouver as a "livable city" with all this increasing density or overcrowding/loss of quiet suburban privacy towards increasing urban congestion/noise within the context of higher housing prices etc.!
     
     
  #792  
Old Posted Nov 3, 2015, 8:50 AM
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Originally Posted by Caliplanner1 View Post
It's kind of ironic that the urban sprawl of my city, Los Angeles, has made low density housing affordable and enjoyable. I do enjoy coming home (5 minutes from work) to a nice big backyard/swimming pool and privacy.

I am now starting to seriously reconsider my attraction to Vancouver as a "livable city" with all this increasing density or overcrowding/loss of quiet suburban privacy towards increasing urban congestion/noise within the context of higher housing prices etc.!
We would expand if we could. Vancouver is out of space to expand, everything is infill now
     
     
  #793  
Old Posted Nov 3, 2015, 2:49 PM
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Originally Posted by Pinion View Post
I can't believe I just read this.
Which part are you having trouble with? Wealth taxes exist all over the place.
     
     
  #794  
Old Posted Nov 3, 2015, 4:21 PM
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Originally Posted by Caliplanner1 View Post
It's kind of ironic that the urban sprawl of my city, Los Angeles, has made low density housing affordable and enjoyable. I do enjoy coming home (5 minutes from work) to a nice big backyard/swimming pool and privacy.

I am now starting to seriously reconsider my attraction to Vancouver as a "livable city" with all this increasing density or overcrowding/loss of quiet suburban privacy towards increasing urban congestion/noise within the context of higher housing prices etc.!
The myth of Vancouver is far more attractive than the reality.

As to density, you'll find on SSP and other "urbanist" boards a weird visceral hatred of the single family home. It's probably partly because of poster demographics, and in Vancouver the realization that a SFH is forever out of reach for most of them, so they might as well attack it! Nevermind that studies show time and time again that it is the type of housing most people aspire to. We must force condos down everyone's throats!

The most successful neighbourhoods tend to be the prewar ones with modest houses on small lots. Cozy enough that you know your neighbours, but still have your own little castle. IMHO we should be upzoning the SFH neighbourhoods that have larger lots only by allowing the creation of smaller lots and ensuring through zoning that the house cannot occupy too much of the lot, and vulgar limestone clad monstrosities cannot be created on them.
     
     
  #795  
Old Posted Nov 3, 2015, 5:00 PM
trofirhen trofirhen is offline
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Originally Posted by whatnext View Post
The myth of Vancouver is far more attractive than the reality........


The most successful neighbourhoods tend to be the prewar ones with modest houses on small lots. Cozy enough that you know your neighbours, but still have your own little castle. IMHO we should be upzoning the SFH neighbourhoods that have larger lots only by allowing the creation of smaller lots and ensuring through zoning that the house cannot occupy too much of the lot, and vulgar limestone clad monstrosities cannot be created on them.
Burnaby Heights, just on the hill above the PNE used to be like that. Hope it still is. Small, tidy houses, white picket fences, and an apple tree in the yard quite often. Very "🞵🞵🞵🞵 and Jane."
     
     
  #796  
Old Posted Nov 3, 2015, 5:03 PM
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Originally Posted by trofirhen View Post
Aren't all of your posts "AD HOMINEM?" It's getting to be routine, and other posters - and perhaps mods - are noticing it.
I suggest that you just put him on your ignore list. Works really well and makes this forum much nicer place...
     
     
  #797  
Old Posted Nov 3, 2015, 6:33 PM
EastVanMark EastVanMark is offline
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Originally Posted by whatnext View Post
The myth of Vancouver is far more attractive than the reality.

As to density, you'll find on SSP and other "urbanist" boards a weird visceral hatred of the single family home. It's probably partly because of poster demographics, and in Vancouver the realization that a SFH is forever out of reach for most of them, so they might as well attack it! Nevermind that studies show time and time again that it is the type of housing most people aspire to. We must force condos down everyone's throats!
Agreed. A whole lot a hatin' goin on.
Young, starry eyed, idealistic, hipsters complete with like minded individuals at City Hall, who, for the most part make life choices where starting a family or business is out of the question so the condo lifestyle is great for them, just naturally try to impose their views of the world onto everyone else. This issue is amplified by greedy developers who salivate at the chance to reap yet more profits with such ways of thinking and subsequent city policies, and go out of their way to protect them.

For some reason its always a "one size fits all" approach in Vancouver, rather than recognizing that different people have different wants and needs, and planning and running your city accordingly.
     
     
  #798  
Old Posted Nov 3, 2015, 6:52 PM
Pinion Pinion is offline
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Originally Posted by WarrenC12 View Post
Which part are you having trouble with? Wealth taxes exist all over the place.
Your solution to Chinese buying up the city is to force people who bought a long time ago to sell to Chinese buyers, ie the only ones who can afford it now.
     
     
  #799  
Old Posted Nov 3, 2015, 7:14 PM
Vin Vin is offline
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Agreed. A whole lot a hatin' goin on.
Young, starry eyed, idealistic, hipsters complete with like minded individuals at City Hall, who, for the most part make life choices where starting a family or business is out of the question so the condo lifestyle is great for them, just naturally try to impose their views of the world onto everyone else. This issue is amplified by greedy developers who salivate at the chance to reap yet more profits with such ways of thinking and subsequent city policies, and go out of their way to protect them.

For some reason its always a "one size fits all" approach in Vancouver, rather than recognizing that different people have different wants and needs, and planning and running your city accordingly.
I think this discussion is a lot more than just "hatin SFH". Higher density not only houses more people, it reduces everyone's ecological footprints, and enables munipalities to be more efficient and sustainable on managing growth. One example is that transit services can better serve higher density neighbourhoods, and thus their investments can be further justified.

The days of extensive urban sprawl is long gone, at least in large Canadian cities. In the Lower Mainland, this is not only because of a lack of land to expand, but also because sprawl has brought a whole hosts of problems, like wasted time on traffic jams, financial resources on building and maintaining roads and highways, encroachments into agricultural lands and green belts, increased pollution, etc. In terms of health issue, studies have also confirmed that folks living in the suburbs are less healthy, as opposed to people living in high-density neighbourhoods who can walk to shop, dine, and run numerous errands without having to drive.

In fact, contrary to what you are claiming, the present Vancouver's City Hall council is doing many things counter-productive to densification. And speaking of hipsters, many actually live near Main street area, which is a primarily low density residential neighbourhood.

I would say 95% of Vancouver's residential land is currently SFH, so why fret when some residents want a little more share of this land to be turned high-density? Remember, quoting from you, this is not a "one size fits all" approach. You also need to consider the increasing number of urban folks who are actually calling for higher density in this city.

Last edited by Vin; Nov 4, 2015 at 6:24 PM.
     
     
  #800  
Old Posted Nov 3, 2015, 8:20 PM
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Your solution to Chinese buying up the city is to force people who bought a long time ago to sell to Chinese buyers, ie the only ones who can afford it now.
I have no problem with anybody who can afford to buy, doing so. My solution is to extract public value from these buyers with aggressively higher property (asset) taxes.
     
     
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