With a 9B deficit and a commitment to stealing more taxpayer money to put into other peoples' housing en masse (which bad government policies made expensive) ... just imagine the tax increases the NDP would bring in over coming years to paper over their mess. Can't fathom why anyone not on welfare would vote NDP. Free stuff is not free. Look at our falling productivity and falling small biz ownership rate here in BC (19% -> 13% in the last 7 years), we're bleeding out.
I've been a LL for 20 years. I've been slowly selling a couple of places and buying the other tenants out so I can have vacant units since 2022. I've successfully done both. I'm small-time with a few SFHs with suites, and I sense a similar trend in my market. All this started for me with the rise in rates and no way to pass the costs on to my current tenants. Now, I'm happy charging higher than market rents for transient renters. These transient renters don't cause me any grief that our old tenants did, mostly, the old tenants became high maintenance all the while paying way under market rents. The NDP is doing a huge disservice to existing landlords with their current policies causing many to flee the industry. I'm hodling my SFH's because I have 20 more years til retirement and I know these will at least double by then, probably more with the current policies limiting supply. I know where my vote lies.
@@Wellspring604 Anyone who needs a furnished, partially furnished, or vacant home for 90 days or more. New-to-town workers, new-to-town families, displaced families, travelling workers and some students. You can thank Com mie Khalon for this change for us. We can absorb vacancy, which I might add complies with the Com mies vacancy tax rules.
Whats stupid about the 40% NDP first time home buyer is that those new builds are in very very specific areas. Why can't they make that rule for all new builds and not leasehold only? I'm confused about this. Maybe I just don't understand it?
Sounds complicated. When a person wants to sell they will have to walk away because anyone who wants to buy it won't be able to afford it. How is it any different than renting? What a weird scheme?
it seems everyone buying a home can afford one. Seems pretty simple, most complainers are just not able to climb onto the first rung of the ladder yet. I'd recommend upping your marketable skills and start saving.
inventory is low quality. That's what first time buyers should be buying, it is probably less expensive. fix it up and add value on while owing the property
is not going to happen the way the monetary system is set up. Inflation at 2% makes homes go up 5-6% per year to keep up with that. Better buy now if you haven't already
I believe the NDP's initiative to develop rapid, homegrown construction capabilities will effectively boost the housing supply, which should naturally lead to lower housing prices. However, they cannot openly acknowledge the goal of reducing prices - because as you said, that would be political suicide.
@TheVancouverLife It would ultimately solve things after the inevitable pain for some. Of course our meddling governments won't stop pumping up this stupid bubble. Too bad it isn't like the US where they actually let the markets work like they are supposed to.
@debbielockhart7762 i have to disagree. I believe that if the market crashes, the government will take control of all the bank forclosed assets, in otherwords we would see the government owning the majority of the once private homes and they would be paying for these homes through excessive money printing. it would be a massive bank bail out through the cmhc insurance. It would be at the expensive of the middle class and it would be exceptionally worse for the people who are just starting out or on the lower end of the financial pyramid. The banks, the government, and the 1% would get very wealthy while everyone else would be starving.
@@debbielockhart7762 learn how investing works! With 2% inflation, govt policy and a free market, there are huge opportunities to make life-changing money in BC.
First is not a tax. That’s a lie. It’s carbon pricing. P P Poly Whatever the Slogan Slinger has given you miss information. Facts carbon pricing not carbon tax. You may disagree with charging super rich corporation farmers to make better choices about climate action, but your leader is lying to you about the carbon tax because it carbon pricing. We have to have a carbon plan or will lose trade with certain countries. But . We really have a wealth inequity problem. 1% of Canada controls 25% of Canadians wealth. You are broke or don’t have opportunities for that reason. Wealth Tax is the answer. 2% on wealth over 20 million. Not more income tax. Wealth tax, and please read up on this topic before you just disagree because someone said tax. And please let us work together as Canadians. I take back calling Pierre Poly Whatever . I would like to know who his make up artist is tho. It’s very natural looking
With a 9B deficit and a commitment to stealing more taxpayer money to put into other peoples' housing en masse (which bad government policies made expensive) ... just imagine the tax increases the NDP would bring in over coming years to paper over their mess. Can't fathom why anyone not on welfare would vote NDP. Free stuff is not free. Look at our falling productivity and falling small biz ownership rate here in BC (19% -> 13% in the last 7 years), we're bleeding out.
I've been a LL for 20 years. I've been slowly selling a couple of places and buying the other tenants out so I can have vacant units since 2022. I've successfully done both. I'm small-time with a few SFHs with suites, and I sense a similar trend in my market. All this started for me with the rise in rates and no way to pass the costs on to my current tenants. Now, I'm happy charging higher than market rents for transient renters. These transient renters don't cause me any grief that our old tenants did, mostly, the old tenants became high maintenance all the while paying way under market rents. The NDP is doing a huge disservice to existing landlords with their current policies causing many to flee the industry. I'm hodling my SFH's because I have 20 more years til retirement and I know these will at least double by then, probably more with the current policies limiting supply. I know where my vote lies.
Well said. 👍
Could you describe a transient renter? Are they here temporarily like students?
@@Wellspring604 Anyone who needs a furnished, partially furnished, or vacant home for 90 days or more. New-to-town workers, new-to-town families, displaced families, travelling workers and some students. You can thank Com mie Khalon for this change for us. We can absorb vacancy, which I might add complies with the Com mies vacancy tax rules.
Whats stupid about the 40% NDP first time home buyer is that those new builds are in very very specific areas. Why can't they make that rule for all new builds and not leasehold only? I'm confused about this. Maybe I just don't understand it?
solid idea. I don't think Ravi or Eby thought of opening this up to the masses of new construction
Sounds complicated. When a person wants to sell they will have to walk away because anyone who wants to buy it won't be able to afford it. How is it any different than renting? What a weird scheme?
it seems everyone buying a home can afford one. Seems pretty simple, most complainers are just not able to climb onto the first rung of the ladder yet. I'd recommend upping your marketable skills and start saving.
We did this 99 year lease scam already on Musquim / UBC area and this citizens of B.C. had to buy out the people.
never trust a party with indian leader
inventory is low quality. That's what first time buyers should be buying, it is probably less expensive. fix it up and add value on while owing the property
What do you expect to happen in the market in 2025 if fixed mortgage rates don't decrease much further from where they are right now?
I went out to a movie last night. Was kinda dead for a friday...
Meanwhile people are spending $300+ on sold-out concert tickets... 🤷♂️
house pricing in van and most of BC needs a price correction and a big one. Hard for any political party to say that but that's what we need
is not going to happen the way the monetary system is set up. Inflation at 2% makes homes go up 5-6% per year to keep up with that. Better buy now if you haven't already
I believe the NDP's initiative to develop rapid, homegrown construction capabilities will effectively boost the housing supply, which should naturally lead to lower housing prices. However, they cannot openly acknowledge the goal of reducing prices - because as you said, that would be political suicide.
It is no friendly on the rules..
What is the conservative plan? That is a real question because the facts are THE CONSERVATIVE HAVE NOT told us their platform.
They're going to axe the tax...what more do you need?
we all know what they plan to do, and if they take any action, they get my vote.
Vote me in and I swear I’ll ensure I crash the market 70% to make homes affordable for ALL! 🎉
Ha! That would cause an entire new set of problems!
@TheVancouverLife It would ultimately solve things after the inevitable pain for some. Of course our meddling governments won't stop pumping up this stupid bubble. Too bad it isn't like the US where they actually let the markets work like they are supposed to.
@debbielockhart7762 i have to disagree. I believe that if the market crashes, the government will take control of all the bank forclosed assets, in otherwords we would see the government owning the majority of the once private homes and they would be paying for these homes through excessive money printing. it would be a massive bank bail out through the cmhc insurance. It would be at the expensive of the middle class and it would be exceptionally worse for the people who are just starting out or on the lower end of the financial pyramid. The banks, the government, and the 1% would get very wealthy while everyone else would be starving.
@@debbielockhart7762You can only pump a balloon to a point and then the forces of physics cause it to pop. The government is not above those forces.
@@debbielockhart7762 learn how investing works! With 2% inflation, govt policy and a free market, there are huge opportunities to make life-changing money in BC.
First is not a tax. That’s a lie. It’s carbon pricing. P P Poly Whatever the Slogan Slinger has given you miss information. Facts carbon pricing not carbon tax. You may disagree with charging super rich corporation farmers to make better choices about climate action, but your leader is lying to you about the carbon tax because it carbon pricing. We have to have a carbon plan or will lose trade with certain countries. But . We really have a wealth inequity problem. 1% of Canada controls 25% of Canadians wealth. You are broke or don’t have opportunities for that reason. Wealth Tax is the answer. 2% on wealth over 20 million. Not more income tax. Wealth tax, and please read up on this topic before you just disagree because someone said tax. And please let us work together as Canadians. I take back calling Pierre Poly Whatever . I would like to know who his make up artist is tho. It’s very natural looking