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HomelessinSD
Real Estate Talker
Posts: 599
Joined: Tue Jun 15, 2004 2:12 pm

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 8:08 am

There are lots of countries in the world that don't allow any foreign ownership of land / property. There are also lots of countries that tax the hell out of foreigners for buying property in their country. Same thing with citizenship: North America is pretty unique in that it allows newborns automatic citizenship just for being born in the country.

IMO, there is nothing wrong with any country imposing restrictions, taxes, or forbidding ownership of property in their own country. The government is supposed to speak for and protect it's citizens, not to necessarily be "fair" or provide the same rights to foreigners.
 
reallyreal2
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Posts: 687
Joined: Fri Jun 03, 2016 11:30 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 8:13 am

demonizer just doesn't get it - don't blame him though , he ain't that bright.
 
Demonizer
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Posts: 219
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 9:59 am

HomelessinSD wrote:
There are lots of countries in the world that don't allow any foreign ownership of land / property. There are also lots of countries that tax the hell out of foreigners for buying property in their country. Same thing with citizenship: North America is pretty unique in that it allows newborns automatic citizenship just for being born in the country.

IMO, there is nothing wrong with any country imposing restrictions, taxes, or forbidding ownership of property in their own country. The government is supposed to speak for and protect it's citizens, not to necessarily be "fair" or provide the same rights to foreigners.

yes agreed. everyone knows that, especially in smaller poorer yet beautiful countries like thailand or vietnam, There is also some restrictions in Mexico and other tropical destinations.

 but as i said before, Canada is a big country. apparently we need people to come buy the land or else why would they be actively courting outsiders to buy?
and another thing no one addressed is this isn't country wide. it's only in one city??? that's pretty strange if you ask me. 
 
Demonizer
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 10:04 am

this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."
 
westcoastfella
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Posts: 1582
Joined: Fri Mar 23, 2007 8:11 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 10:47 am

Demonizer wrote:
yes agreed. everyone knows that, especially in smaller poorer yet beautiful countries like thailand or vietnam, There is also some restrictions in Mexico and other tropical destinations.

 but as i said before, Canada is a big country. apparently we need people to come buy the land or else why would they be actively courting outsiders to buy?
and another thing no one addressed is this isn't country wide. it's only in one city??? that's pretty strange if you ask me. 

You're right, Canada is a big country.  And to my earlier point, foreigners can can easily purchase property tax-free in any other part of the country.  There is nothing forcing a foreigner to come to Vancouver and pay a 15% tax.

As for nation wide applicability....  I believe the federal income tax rate and GST are the only nation-wide tax rates that are consistent.  Every other tax that we have is regional, either provincial or municipal.  In that respect, this is no different.
 
westcoastfella
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 10:53 am

Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

The whole point of my original rebuttal was that this view is bullshit.  Everyone knows that its all foreigners, and this tax correctly targets all foreigners equally.  The only people that seem to think this is all about the Chinese are a) the media, and b) the Chinese community.  Unfortunately, constantly being featured in the media (for good or bad reasons) does not help.
 
tdma800
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Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 11:23 am

Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

most of the time its people oozing with envy about wanting others which have things they cant have brought down to their level
 
Demonizer
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Posts: 219
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:02 pm

westcoastfella wrote:
Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

The whole point of my original rebuttal was that this view is bullshit.  Everyone knows that its all foreigners, and this tax correctly targets all foreigners equally.  The only people that seem to think this is all about the Chinese are a) the media, and b) the Chinese community.  Unfortunately, constantly being featured in the media (for good or bad reasons) does not help.

you see it, but the average tom dick and harry could even lash out into hate crimes due to the hysteria surrounding chinese buyers. there is already clearly more racist hate crimes on the rise.
 
VanLord
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Posts: 288
Joined: Fri Aug 24, 2007 3:52 pm

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:05 pm

Demonizer wrote:
westcoastfella wrote:
Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

The whole point of my original rebuttal was that this view is bullshit.  Everyone knows that its all foreigners, and this tax correctly targets all foreigners equally.  The only people that seem to think this is all about the Chinese are a) the media, and b) the Chinese community.  Unfortunately, constantly being featured in the media (for good or bad reasons) does not help.

you see it, but the average tom dick and harry could even lash out into hate crimes due to the hysteria surrounding chinese buyers. there is already clearly more racist hate crimes on the rise.

Where are these so called racist hate crimes that you speak of in Vancouver?   
 
Demonizer
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Topic Author
Posts: 219
Joined: Tue Nov 03, 2015 10:06 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:07 pm

tdma800 wrote:
Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

most of the time its people oozing with envy about wanting others which have things they cant have brought down to their level

exactly right, it isn't so much about them wanting to actually buy a home or housing affordability (affordable to who?), or else they would have bought before, last year, maybe the year before last. all the warning signs and indications were there even 10 years ago.
 they are just mad that they didn't buy before and others did and those that did made a killing. it's not a housing issue, it's a jealousy issue. hating to see people basically become house rich who had bought a home even a few years ago. many of the whiners could care less to own a home, they never had the capability. they are just mad other people did and became rich.
Last edited by Demonizer on Wed Sep 14, 2016 12:19 pm, edited 1 time in total.
 
Demonizer
Real Estate Talker
Topic Author
Posts: 219
Joined: Tue Nov 03, 2015 10:06 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:09 pm

VanLord wrote:
Demonizer wrote:
westcoastfella wrote:
The whole point of my original rebuttal was that this view is bullshit.  Everyone knows that its all foreigners, and this tax correctly targets all foreigners equally.  The only people that seem to think this is all about the Chinese are a) the media, and b) the Chinese community.  Unfortunately, constantly being featured in the media (for good or bad reasons) does not help.

you see it, but the average tom dick and harry could even lash out into hate crimes due to the hysteria surrounding chinese buyers. there is already clearly more racist hate crimes on the rise.

Where are these so called racist hate crimes that you speak of in Vancouver?   

racist graffiti is just one part, assault of asian looking people, robbery, b&e, car theft/break
you don't hear much about it in the media. just a bit. there was a news report on racist stencil on sidewalks around vancouver just a few weeks ago. it's there just not reported on. or not big enough story to write an article about it. 
the racist sentiment was always there even 20 years ago (much longer than that), it's just that now people have a reason and outlet to just let it all out like how Trump has empowered some racist idiots to speak out their hidden views. racism has always just been simmering below the surface ready to boil over.
 
Demonizer
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:12 pm

one not need to look far at how our perceptions shaped by media can cause racist attacks. ie. muslim community. 

this issue is not much different than the muslim one. it's just a different shitty reason which has been amplified and magnified.
 
Demonizer
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Posts: 219
Joined: Tue Nov 03, 2015 10:06 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:17 pm

westcoastfella wrote:
Demonizer wrote:
this is getting off topic. the original intent of the article is not about a 15% foreign buyers tax. 

the whole original article was to point out that hardworking successful technicians, scientists and businessmen, people (ie. Chinese or of Chinese/Asian heritage) are being targeted as scapegoats to housing unaffordability for locals.

it is partially true but that is not the only demand for housing. it's not just foreigners either.

it's everyone. 

from all over. not just China

"None of the people interviewed by The Globe are, by their account, big real-estate investors, vacant-house owners, the parents of spoiled rich kids, investors parking their money here as a hedge, or corrupt Communist Party officials – the mainland Chinese stock characters that appear most often in local media."

The whole point of my original rebuttal was that this view is bullshit.  Everyone knows that its all foreigners, and this tax correctly targets all foreigners equally.  The only people that seem to think this is all about the Chinese are a) the media, and b) the Chinese community.  Unfortunately, constantly being featured in the media (for good or bad reasons) does not help.

how can you be so sure? there are wealthy people in canada too. not to mention the TSX venture exchange is in vancouver so many executives are here. lawyers, accountants, shipping/trade companies in this port city. I think that the complaints by the many lower middle class to poor will always be there, chinese buyers or not. let's not let them target the chinese when we know full well that chinese aren't the only people that are successfully buying homes. that's akin to the model minority myth. where the perception of chinese is skewed into some boogieman definition. they are denied fair treatment by many, denied if they have any problems or issues, not treated fairly by police, law, medical practitioners, not all but in general the model minority myth is damaging to those who need help the most. and it even gives unwarranted punishment. Police will more than likely give you a ticket instead of a warning simply because they think you can afford it.
 
eyesthebye2
Real Estate Talker
Posts: 1170
Joined: Sun Jul 27, 2014 6:41 am

Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:41 pm

Demonizer wrote:
VanLord wrote:
Demonizer wrote:
you see it, but the average tom dick and harry could even lash out into hate crimes due to the hysteria surrounding chinese buyers. there is already clearly more racist hate crimes on the rise.

Where are these so called racist hate crimes that you speak of in Vancouver?   

racist graffiti is just one part, assault of asian looking people, robbery, b&e, car theft/break
you don't hear much about it in the media. just a bit. there was a news report on racist stencil on sidewalks around vancouver just a few weeks ago. it's there just not reported on. or not big enough story to write an article about it. 
the racist sentiment was always there even 20 years ago (much longer than that), it's just that now people have a reason and outlet to just let it all out like how Trump has empowered some racist idiots to speak out their hidden views. racism has always just been simmering below the surface ready to boil over.


Asians are not a visible minority in Vancouver. Stop trying to paint yourself the victim.
Asian are not a target for home invasion...they are more often the victims because they own the highest % of the targeted detached homes.
 
Demonizer
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Re: The dragon in the room: Hostility toward rich, Chinese newcomers

Wed Sep 14, 2016 12:49 pm

VanLord wrote:
Demonizer wrote:

the new face of Canada is emerging and it's a good thing. the previous occupants fucked up.

Sounds like you are pretty racist, most of your comments in this section have racist undertones.  Canada may not be perfect but its been a pretty great place for many years, if its so fucked up, why are all these people trying to come live here. 

i'm a product of my environment, i can't help but be a bit racist. i grew up around white boys my entire life so i see the problems are even worse coming from that end. Canada is great, don't get me wrong. i'm born and raised. but are still made to feel foreign so you face some identity issues and feeling that you do not belong or are accepted. this is common amongst first/second generation canadians and even those who have been here for many generations. that's the perpetual foreigner mentality. as long as there are idiots like reallyreall, this wont end until they get called out on their bs and  snuffed out. regarding your question about why people want to come live here, i cannot fully answer that question as i didn't "come" here. but i have heard from a korean guy that it's like paradise and the air is clean, good water/food, more space etc.
Last edited by Demonizer on Wed Sep 14, 2016 1:18 pm, edited 1 time in total.
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