Going, going…

Mr. Market giveth. He taketh away.

And so we have the story of star-cross’d lovers from the GTA’s exotic exburbs who bought a house from plans in a faraway land (Barrie), then got pooched. File it with the sobs-and-shudders tale of young buyers of Mattamy Homes in the east end of the Big Smoke who came to the same shocking revelation: prices go down! Who knew?

A mess of moisters inflicted with FOMO who rushed into a steamy market in 2017 to buy homes before they were priced out forever are now running to the media because life is, like, so unfair. The latest, Abid and Sapna, paid $639,000 for an unbuilt glue-and-sawdust McMansion north of the big city that is now worth $539,000. Next month it might be less. Meanwhile interest rates have increased, ruining their finances.

And then, oh, that stress test. A&S are moaning to the media this has forced them into the clutches of an ‘alternative’ lender. Yes, they can escape that nasty test by doing so, but the price is a higher mortgage rate.

“I feel badly for people who bought at the peak of the market,” says the local real estate board boss, “but they wouldn’t be complaining if it was up $ 100,000. It’s put them in a tough position.”

Well, a contract is a contract and buyers of pre-construction real estate must understand they’re actually dealing in financial futures. They put some money down now for an asset that won’t be delivered for a year or two and whose value will be determined by market conditions on the day of delivery. Precon buyers did great during the bubble years when prices unexpectedly jacked higher. Nobody complained. Now we’re on the other side of the mountain and many people are being crushed. So they become victims. Not of Mr. Market, but of their own gamble.

The nation’s mortgage brokers raised eyebrows last week with a report slamming the stress test (designed to keep unqualified buyers from buying). At least 100,000 first-timers have been punted from the market, it said, and we are in danger of creating a permanent class of renters. Like that was a big negative. (Nobody has apparently gone to Europe.)

Meanwhile a Conservative MP from Alberta (are there any other kind?) tried to talk the House of Commons Finance Committee, on which he sits, into opening an investigation into the impact of the stress test. But no go. The Libs voted in a block against the motion. No discussion.

All this angst is happening against an interesting backdrop. On Friday came news of a 4% spurt in US economic growth – the best in four years. Unemployment in that country has dropped to 4% or lower, which economists call full employment. Corporate profits are on a tear in both Canada and the States. Stock markets are rolling near record high levels. The Inflation President promises more growth, protectionism, higher living costs and a wage-price escalation. It’s all playing out at this very moment.

Thus, higher interest rates are a certainty. If you think the stress test sucks now, wait. If you believe realtor glop that the market’s ‘stabilizing’ or even ‘recovering,’ I have some Bitcoin futures to sell you. Monthly fluctuations are to be expected, but as the year progresses inventory levels will rise, mortgage rates will increase one or two more times, sales volumes will stay anemic and politicians will find new ways to destroy equity. After a decade of enduring scorn, renters will finally be able to go home for Sunday dinner again.

If you want to buy real estate, wait. By the way, Abid and Sapna foolishly ignored a primary GreaterFool rule. You know which one.

Did you catch yesterday’s blog post on POAs and family turmoil? Paul did. I’d like to share his story. He’s asking for advice, so feel free to dispense it. The hit man sounds like a reasonable option.

Advice: father and mother both in 80’s father needs to be picked up and put in bed then his wheel chair in morning. Has people come in to help with other issues. Sister and her husband seen opportunity so sister moved into house, nice place on acreage, parents are ok financially. Sister demanded payment, which is correct. She gets the auto for all her usage, gas, repairs, nice place to live all she can eat and drink (2 bottles of wine per day), extra cash (like $1,500 to put mutt down) whenever her spend thrift husband living hour away can’t keep up with his $90,000 salary as drug company sales manager. I thought pops should pay her as well say $1,500 per month.

Just found out, the last to know of sisters 3 sibs, that the pair had signed a codicil to the will 3 years ago effectively attaching to the equity of the home at $30,000 per year plus their 1/4 share of remaining assets of parents at the time of father’s death. She has been redecorating the house to her taste at parents’ expense, pushing for increase per year and wants them to put extension on house. 10 year old home. I blew up when I heard this as this could put my mother in a bad way as my sister and mother have never got along and she already runs the house, effectively pushing the rest of family out. Obviously they plan of taking the home, moving in and mother out when father passes. Should I hire a hit man, do it myself or is this a fair and equitable exchange for fathers care?

152 comments ↓

#1 This Week in Money on 07.30.18 at 4:24 pm

Allan Mark Angell from The Angell Group discusses West Vancouver and Westside real estate markets on This Week in Money.

https://youtu.be/oxRABoyKT90?t=46m39s

#2 Ponnaps on 07.30.18 at 4:26 pm

wanted to send you a link to the doggo with the go-pro… but you are already on top of these things :)

#3 Marco on 07.30.18 at 4:36 pm

Kill them all and sell the house than run from this british colony

#4 binkybarnes on 07.30.18 at 4:37 pm

First. Thank you, Garth–best common sense blog on the net.

#5 Howard on 07.30.18 at 4:44 pm

Get your tissues handy…

First-time homebuyers in Barrie squeezed by falling property values

https://www.thestar.com/business/real_estate/2018/07/29/first-time-homebuyers-in-barrie-squeezed-by-falling-property-values.html

#6 NotLegalAdvice on 07.30.18 at 4:48 pm

I’ve been reading this blog for so long I can predict what the topic will be before it’s posted!

FIRSTTTTTTT

#7 Reed McCable on 07.30.18 at 4:51 pm

First!

#8 NotLegalAdvice on 07.30.18 at 4:57 pm

“Has people come in to help with other issues. Sister and her husband seen opportunity so sister moved into house, nice place on acreage, parents are ok financially. Sister demanded payment, which is correct.”

– wait, so your sister is living there for free, eating for free, drinking for free, taking care of your parents probably little to none and demanding $1500/ month?

You might want to seek legal advice. The Law Society of Ontario (LSO) offers a free 30 minute consultation. Use this service.

From an outsider perspective, looks like she’s trying to pull a fast one. And if her plan succeeds, you’ll realize how difficult it will be to kick her out of your parents home.

Good luck.

#9 BobC on 07.30.18 at 5:04 pm

I’m sure no one will agree with me but from experience I say walk away. Live your life where you don’t need any inheritance. If you get any it’s a bonus.
Your sister will be living a hard life taking care of 2 elderly parents. Let her be rewarded for it.

#10 Hawk on 07.30.18 at 5:10 pm

Before you hire the hit man make sure you read Jeffrey Archers short story “No Comebacks” lol

#11 Learner on 07.30.18 at 5:11 pm

Sorry to continue on yesterday’s topic —

About legel will for passing your asset, what if you do not want to split asset to your child’s spouse in case they ever go through divorce, is family trust a better option over will? So only your child can touch the asset and decide what to do with it.

Thoughts and experiences?

#12 NotYourMama on 07.30.18 at 5:12 pm

Paul, it costs a lot for live-in care for an elderly person. A nursing home is about $6k a month, with a shared caregiver. If you get some quotes from 3rd party professional care providers to do the same job your sister is doing, it will either give you peace of mind, or alert you to abuse. That said, the biggest question for me is the provisions in the will to ensure your mother’s care if your dad passes first. Are your parents joint tenants on the title? If yes it will pass to your mom outside of the estate. Does the will, including the codicil, provide her with ownership and use of the house and her assets? It was hard to understand the details of the story, but it seemed like the codicil is accessing $30,000 a year of the home’s equity for the caregiving job? AND demands 1/4 of the assets at the time of your dad’s death? If correct, I think this would result in the home having to be sold at your dad’s passing, and if so, I would want more information from my mom and dad about my mom’s and dad’s wishes. (She May want to cash out and move to a home). In any case, if it was me, more information about what is desired, what is available, and what has been arranged would be necessary before hiring a hit man. Besides, seems like your dad is not long for the world, so may as well let him go naturally. Haha that was a joke. Asking for hit man advice to whack a family member on a popular blog is probably not the wisest move. Just saying.

#13 Zapstrap on 07.30.18 at 5:14 pm

I’d shoot the wolf …

#14 The Real Mark on 07.30.18 at 5:14 pm

Paul should be comforted by the fact real estate prices peaked in 2013, this the nominal value of the property has been steadily decreasing. At the current rate we should see real estate values decrease to the levels of the late 1980s.

#15 Ron on 07.30.18 at 5:18 pm

I don’t have much sympathy for these buyers, BUT

It’s not fair to say that if the value went up they wouldn’t have complained. That would be a paper gain, not worth much for occupants.

The loss of value represents a cash call by their bank and a real hardship. Which makes me wonder, why wasn’t there a financing clause in their offer?

#16 Hawk on 07.30.18 at 5:20 pm

Sapna’s Sapna (ie dream) just became a nightmare, but if they hold for the long term the course will eventually reverse itself.

#17 Screwed Canadian Millenial on 07.30.18 at 5:22 pm

That story is horrifying…

Is there a greedier generation than boomers?!

#18 Spectacle on 07.30.18 at 5:23 pm

Shame that we have to live with this.

Oh, good old Agenda30 United nations has it covered.

Let’s Call them!

https://www.timeanddate.com/holidays/un/elder-abuse-awareness-day

#19 Fish on 07.30.18 at 5:29 pm

I’m,going to be little ms Ridding hood, get myself a wolf

#20 The Real Mark on 07.30.18 at 5:33 pm

#14, seriously, knock that off. Garth, can you do something about the imposter?

#21 Duncan on 07.30.18 at 5:48 pm

Its not just Canada – this from the completely impartial Housing and Finance Institute in the UK recommending the the government pony up for deposits to get people on the house ladder and out of the horror that is renting…

https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers

#22 Renter's Revenge! on 07.30.18 at 5:53 pm

I’ve always been able to go home for dinner on Sundays.

Welcome to Canada Abid and Sapna! Remember, houses always go up, except when they go down.

That actually sounds like a reasonable arrangement for Paul’s sister, even with the codicil. Don’t worry Paul, at 2 bottles of wine per day, she’ll probably die before your parents do.

#23 Lawnboy on 07.30.18 at 5:59 pm

Paul

Your not alone. It happens way too often. I would go with a mediator.

Good luck.

#24 Stone on 07.30.18 at 5:59 pm

#5 Howard on 07.30.18 at 4:44 pm
Get your tissues handy…

First-time homebuyers in Barrie squeezed by falling property values

https://www.thestar.com/business/real_estate/2018/07/29/first-time-homebuyers-in-barrie-squeezed-by-falling-property-values.html

————

Ha ha ha ha ha ha ha ha ha ha!!! Phd and no brains. Priceless.

#25 Penny Henny on 07.30.18 at 6:02 pm

If you want to buy real estate, wait. By the way, Abid and Sapna foolishly ignored a primary GreaterFool rule.-GT

did anyone notice that Sapna is a real estate agent?

#26 The Real Mark on 07.30.18 at 6:04 pm

This personation has gone too far. It is ruining my good name. I’m very upset with this.

2013 is the year!

#27 SS in MTL on 07.30.18 at 6:05 pm

Hey Garth, thoughts on Trump’s plan to cut capital gain taxes? Another 100G in déficit.
http://thehill.com/policy/finance/399582-trump-weighs-big-tax-cut-for-rich-report?amp&__twitter_impression=true

LOL willing to avoid the legislative branch. The biggest heist in history – but sure at least the NFL players won’t kneel. Muhrica.

Will that at least keep ours from moving up? Also can’t wait for Bernier to blame Trudeau for not committing budgetary suicide first

#28 The Real Mark on 07.30.18 at 6:08 pm

#14 The Real Mark on 07.30.18 at 5:14 pm
Paul should be comforted by the fact real estate prices peaked in 2013, this the nominal value of the property has been steadily decreasing. At the current rate we should see real estate values decrease to the levels of the late 1980s.

– You should see a doctor for your problem.

#29 TRUMP on 07.30.18 at 6:11 pm

No asset class has ever gone up in a straight line forever. Period!!

#30 Drew on 07.30.18 at 6:15 pm

If people can’t afford a +2% stress test how do they afford an actual subprime rate that’s 8% or more?

It’s about qualifying, not affording. – Garth

#31 Dave on 07.30.18 at 6:17 pm

Pricing can not come down fast enough, hopefully Trump’s policies destroy the real estate market in Canada

#32 Stone on 07.30.18 at 6:35 pm

Even more priceless. Literally!

https://www.bnnbloomberg.ca/god-like-experience-us-1-billion-property-for-sale-atop-beverly-hills-1.1115752

#33 Where's The Money Greedo? on 07.30.18 at 6:35 pm

Well it looks that FINTRAC did 343 examinations between 2015 and 2017 in the real estate sector across Canada, 130 of which were in B.C., with 87 of those in Vancouver and the Lower Mainland and found out of those 130 examinations, they uncovered about 115 entities with ‘significant’ or ‘very significant deficiencies’ in their policies and procedures, risk assessment, record keeping, reporting and client identification obligations. That means Fintrac found significant money-laundering vulnerabilities at 88 per cent of the real estate entities they examined in B.C. over the last two years.

Fintrac, Canada’s national agency mandated to detect and prevent money laundering, found these deficiencies, why didn’t they do something about it?
I guess they were hushed up by their superiors, who are out to screw all taxpayers!

https://vancouversun.com/news/local-news/dan-fumano-data-point-to-money-laundering-vulnerabilities-in-b-c-real-estate-sector?video_autoplay=true

#34 Financial Orchid on 07.30.18 at 6:36 pm

Gawd, last section is such a #winner. roflmao. You make my day Uncle T.

#35 The real real Mark on 07.30.18 at 6:40 pm

Real estate peaked in 2012. Not 2013.

#36 Communist Conservatives on 07.30.18 at 6:40 pm

Why do the communist conservatives hate the free and open market? Why not one complaint from these communists of government meddling in the housing market via CMHC?

#37 Reality is stark on 07.30.18 at 6:46 pm

As every real estate agent says you never lose money in real estate as long as you hold for 50 years.
When these two are 80 they will be able to sell at a nominal profit.
Another real estate agent once told me “opportunity cost is for suckers” and should not be considered as part of an investment analysis.
Real estate agents are investment professionals by definition.

#38 crowdedelevatorfartz on 07.30.18 at 6:47 pm

@#17 Screwed canadian Millenial
“Is there a greedier generation than boomers?!”

+++++

Their children…. of course.

#39 oncebittwiceshy on 07.30.18 at 6:48 pm

Garth: “Thus, higher interest rates are a certainty.”
<<<<<<<<<<<<<

… and if for some reason the BOC doesn't lift them, this interesting tidbit will explain why mortgage rates will go up.

https://www.theglobeandmail.com/investing/investment-ideas/article-reality-bites-for-canada-as-foreign-hunger-fades-for-its-securities/

Reality bites for Canada as foreign hunger fades for its securities

“We are going to have to offer higher interest rates or a weaker Canadian dollar with the expectation of appreciation.”

It could become more challenging still to attract foreign investment if the European Central Bank follows the U.S. Federal Reserve and the Bank of Canada and begins raising interest rates.

“All of a sudden, the reasons that you invested in Canada in the first place as a foreigner aren’t as compelling as they used to be,” said Bipan Rai, North America head, FX strategy at CIBC Capital Markets.

#40 The Donald on 07.30.18 at 6:55 pm

And that’s why I suggest a preemptive war against North Korea. After liberation, those who don’t want to stay and work for Samsung, can come to USA and Canada to buy the houses we flip to them, you know get things back on track.

#41 SoggyShorts on 07.30.18 at 7:03 pm

#17 Screwed Canadian Millenial on 07.30.18 at 5:22 pm
That story is horrifying…
Is there a greedier generation than boomers?!

*****************************
Why always so butthurt over boomers? You know there’s crappy people in every generation, right?
Should we blame you for raising kids that eat tide pods?
Shall we assume that you demand a blue ribbon for showing up to work? And by “work” I mean writing vegan poetry about your man-bun and unicycle while sitting in starbucks bitching about why your gender studies degree doesn’t get you a 6 figure job.

Nevermind, I get it now: stereotyping and painting entire generations with the same brush is kinda fun.

M38AB

#42 Nonplused on 07.30.18 at 7:05 pm

Paul, I think your sister has out-maneuvered you. I don’t think there is anything you can do about it.

On the other hand, she probably sees the $30,000 a year as her “salary” for looking after dad. So she isn’t going to see anything wrong with it and she’s going to think you are a jerk for wanting her to do it for free when you aren’t.

On yet another hand, your suggestion of $1500 a month cash is $18,000 a year so you are arguing over some $12,000 a year in what is a pretty arbitrary discussion in the first place. If you had to get a third party to do it, who could you hire for $18,000 a year? Or even $30,000 for that matter?

Sure, because you are upset about the situation, all of the nice add-ons seem outrageous, like having use of the car (probably required to do what she’s doing), 2 bottles of wine a day (who doesn’t?), and free room and board. But she’s also not getting any cash and has to wait for the old man to croak to get paid. So ask yourself if she wasn’t getting the $30,000 a year would you care about any of the other details? Except the renovations, I’m not sure what to think about those. Perhaps some of them are necessary. 80 year old people are not known for having well maintained homes. She may see the renovations as preserving the value of the home, and if she does she would probably argue that it is protecting your 1/4 share of the remainder after she gets paid her $30,000 a year too. So she’s going to argue she’s doing you a favor.

So all and all, I would say unless you are willing to move in and care for dad under the same terms, she’s won. Admit defeat and accept the terms before it turns into a family feud. The only argument you have is whether the total compensation she is receiving is excessive once you add up the car, the board and room, the wine, and the $30,000 a year. Maybe it is, maybe it isn’t. If it is, it doesn’t seem particularly excessive to me. It’s a full time job and maybe coming to $45,000 a year in total benefits. I don’t know if you would do it for that, but I wouldn’t.

But I must say, of all the people I hate, I hate my family the most. Don’t do business with family. But in this case I would say there isn’t another option.

——————————

On to other topics, here is an example of how governments seldom know what it is that they do:

https://www.zerohedge.com/news/2018-07-29/minimum-wage-doesnt-do-what-you-think-it-does

I always contended that the minimum wage push was just a drive to push more of the lowest wage earners in the country up the tax ladder. Seems I’m right about that. It helps some low income earners, but only at the expense of everyone else, many of whom are now unemployed low wage earners.

If you read this article and reflect on the complexities involved and the ways the market reacts to government dictate, remembering there are only so many dollars available, you’ll see why the stress test, the increased land transfer fees, the empty house tax and all the other manipulations of the government in the real estate market are going to cause disastrous unintended consequences. The people in charge know not what they do. In the same way that if they hadn’t crucified Christ there probably wouldn’t be a Christian religion, sometimes fools mucking with a stable system can cause untold carnage. One man “washed his hands” of his responsibility and the next thing you know Rome fell and the Jews got persecuted for 2000 years.

Sometimes it’s referred to as “the butterfly effect” (a butterfly flaps it’s wings in the Brazil and it changes the weather in Chicago) but I prefer to refer to it as “the idiot effect” when talking politicians.

We had a Prime Minister once not that long ago who had training in economics and didn’t lobby for minimum wages, carbon taxes, real estate shenanigans, or turning the accidental use of “he” when “she” was preferred into a hate crime. Nobody liked him and he got de-elected. For some reason the only people left in this country who have a lick of common sense are intensely disliked by everyone else. I mean sure, they all seem to have the personality of an engineer and they can’t get dates, but we need these people to survive. What we are trying to do is let the passengers run the boat. Soon we will be out of food and fuel, drifting at sea. All that wouldn’t be so bad but we’ll be out of alcohol too.

#43 LP on 07.30.18 at 7:09 pm

#12 NotYourMama on 07.30.18 at 5:12 pm

I think the hit person is for the sister, not the father.

#44 Asterix1 on 07.30.18 at 7:09 pm

#5 Howard
———————-

I take it you did not bother reading today’s blog!

#45 Alex on 07.30.18 at 7:09 pm

Sapna put house for rent online if anyone interested !

https://www.royallepage.ca/en/property/ontario/barrie/13-bedford-estates-cres/8200192/mlss4202020/?ref=1

#46 Felix on 07.30.18 at 7:19 pm

So….Friday’s dog pic was of a degenerate sloth doing nothing in a hammock. Sunday’s, a vicious child abuser. Today’s, a thief.

They say pictures don’t lie.

Notice a trend, dog owners?

#47 Chaddywack on 07.30.18 at 7:20 pm

Why is 4% unemployment considered “full?”

I thought the unemployment rate excluded people who can’t or don’t need to work (e.g. homemakers, disability, independently wealthy)

There are more openings than applicants. – Garth

#48 Danny on 07.30.18 at 7:31 pm

FOB…..also applies to politics in Ontario.

Many who are stretched financially thought great 10 cents off a litre of gas….Vote Ford…..Help me government because I am over my head in my mortgage and car payments.

You know those fools who voted Ford even though he had no real plans of substance. Now King Ford is acting….of course since there is no Ontario Municipal Board for big real estate developers to overturn an elected City Council decision……Ford’s financial backers are asking for their promised payback.

And boy is Ford delivering with a smaller Council that is easier to influence and control .

And no smaller Council will not save money!

I was at City Hall during Mega City.
Just resulted in higher pay with better benefits and more office budgets…..for Councillors.
And did I mention all those extra Staff in each office.

Garth imagine in your political days… getting elected on a few vague slogans…….and then giving you the run of the Country?

In my new expanded riding…there will be 15 candidates.
Great lower turnout for sure by voters.
And the winner could just get 15% of the eligible votes .
Isn’t democracy grand?

#49 D.D. Corkum on 07.30.18 at 7:37 pm

#41 Chaddywack on 07.30.18 at 7:20 pm

Why is 4% unemployment considered “full?”

———–

Even if the economy is working *perfectly*, there will be some portion of the workforce who is temporarily unemployed.

I think this also includes people that are doing skills retraining necessary to transition to a newer, better-paying job. These people are still part of the workforce in that they are looking to land a job once their training is done.

#50 Mattl on 07.30.18 at 7:45 pm

I love that OG Mark is getting mad at imposter Mark
for spraying typical Mark BS. If Mark is the cageiest troll here he is getting shown up by fake Mark.

They both seem to agree that 2013 was the peak.

#51 Out Of Work CEO, Will Travel on 07.30.18 at 7:49 pm

Paul’s woe reads like an Upton Sinclair novel. You can’t choose your family I guess the good part is choosing outside your family.

#52 Myra Andrews on 07.30.18 at 7:49 pm

Starting September 17th, the BC Government will move forward with a new property transfer tax that will require people to report additional information, including their name, citizenship, and social insurance number, if they purchase through a corporation or trust. They will also mandate property developers to collect a database of pre-sale buyers and remit those to the BC Government.

https://wolfstreet.com/2018/07/30/vancouver-condo-bubble-takes-new-hit-murky-condo-flippers-targeted-in-pre-sale-tax-hunt/

#53 mark on 07.30.18 at 7:50 pm

What goes up must come down, big market correction, this year or how about next?

#54 Stone on 07.30.18 at 7:53 pm

#45 Alex on 07.30.18 at 7:09 pm
Sapna put house for rent online if anyone interested !

https://www.royallepage.ca/en/property/ontario/barrie/13-bedford-estates-cres/8200192/mlss4202020/?ref=1

———-

This gets better and better. Husband has a Phd but no brains and wife Sapna is a real estate agent so should have seen this coming, therefore no brains either. I hope they don’t breed and make brainless children. The world doesn’t need more. Double double priceless!

Unbelievable!

I bet they won’t even get $2,200 a month.

Unbelievable!

#55 Yorkville Renter on 07.30.18 at 7:57 pm

#45 – WOW! So are they full of shit, the wedding is WAY delayed, or is she simply trying to show that she has a single listing? Per her profile, she’s a RE Educator… good lard, that’s so funny it’s bad.

A $400k mortgage is $2200… the rent likely puts them underwater. Now THERE’S an education!

#56 FOUR FINGERS WATSON on 07.30.18 at 7:58 pm

#42 Nonplused
We had a Prime Minister once not that long ago who had training in economics and didn’t lobby for minimum wages, carbon taxes, real estate shenanigans, or turning the accidental use of “he” when “she” was preferred into a hate crime. Nobody liked him and he got de-elected.
………………………….

Maybe it was because he is a lying assh*le who imposed a 31% tax on income trusts after he promised not to during the election campaign.

http://www.johnmckaymp.on.ca/images/clientupload/Income%20Trusts%20prn%5B1%5D.pdf

#57 Long-Time Lurker on 07.30.18 at 8:00 pm

#42 Nonplused on 07.30.18 at 7:05 pm

…All that wouldn’t be so bad but we’ll be out of alcohol too.

>Don’t worry. T2 covered it: weed.

#58 Cdn Mom on 07.30.18 at 8:03 pm

Paul,

Before making any decisions about your sister’s behaviour, and any financial arrangements, I suggest you investigate much further. Send your sister packing on a two month vacation (likely needs it badly). You give up your job for two months, your life, and move in to care for Mom and Dad 24/7. Pay close attention not just to their daily physical, mental and financial needs, but also the lack of time to care for yourself. Good luck finding time for your own appointments, your own healthcare needs, or taking care of your own mental health.

Siblings need to wake up. I watched my mother care for her mother 24/7 (yes, she moved in, leaving my dad in another town), for almost 8 excruciating years. The last year I helped out, leaving my own husband and children 4 nights a week, so my mother could sleep. Her two siblings offered squat. No time, no money, no respite. In fact, one didn’t even bother to travel to the funeral. My mother’s health suffered greatly, she didn’t make needed medical appointments for herself…just no time. She was dead from cancer 13 MONTHS after her mother passed. She was just 64.

So Paul, take all of that into consideration when determining what type of deal your sister may be getting. Siblings should also consider what type of deal THEY are getting…not just the financial side of it.

#59 Spectacle on 07.30.18 at 8:28 pm

BAM, and there it is !

#25. Penny Henny on 07.30.18 at 6:02 pm
If you want to buy real estate, wait. By the way, Abid and Sapna foolishly ignored a primary GreaterFool rule.-GT

did anyone notice that Sapna is a real estate agent?

#60 crowdedelevatorfartz on 07.30.18 at 8:36 pm

@# 41 Soggyshorts

Hilarious.
Well done.

#61 3 new investigations in Okanagan Opened on 07.30.18 at 8:41 pm

This spread of dirty money in areas previously thought to be honest just keeps growing. This inside story is getting good.

Money laundering traced through Vancouver and off shore has been discovered sitting in some interesting Kelowna vaults in the form of houses that are frozen and under investigation as I type.

These are big fish money movers.

I doubt this comes as a surprise to the realtors and lawyers who are involved in the facilitation of such, which is common knowledge among these star citizens.

And here people in Kelowna thought that honest wages were increasing at a healthy pace to support prices levels of 800k medium for a timber frame home in the area.

#62 NotYourMama on 07.30.18 at 8:48 pm

#43 LP yeah, I know.

#63 Interstellar Old Yeller on 07.30.18 at 8:52 pm

Paul, you don’t mention what kind of care your dad is receiving from your sister. Is she on top of all his medical details, appointments, personal care, and making sure he is getting social and emotional contact? Is your mother being financially protected should dad die first?

Nonplused (#42) and Cdn Mom (#58) raise good points. Outsourcing eldercare is expensive and can be inferior to a family member doing it (your parents may be much more comfortable having a family member living with them and it saves face for them among their friends and acquaintances. They aren’t dependent on hired caregivers (undignified), their kid is just staying a while to help out (normal and not a big deal). This can be a big factor in their self image and happiness.)

Look into it further but if your dad is getting good care and your mom will be financially okay if he dies first (be involved to prevent her from being pushed out of the house if it’s truly inappropriate), I wouldn’t sweat the money too much. Caregiving can devastate a caregiver’s health and life. I’d only do it for love of my family; you couldn’t pay me enough to destroy my health and upend my life in that way.

#64 GTA doesn't have anything on... on 07.30.18 at 8:53 pm

…what is going on in BC among borrowers.

Most borrows are facing a US style life sentence of debt prison in BC. Meaning you ain’t getting out if your are among the 4+ times income indebted. You are locked in for the mother of all storms and I doubt many can liquidate at this point.

I seriously think it will be easier to declare bankruptcy and start over than trying to dig your way out of the debt problem.

Then we have Kelowna: HELOC capital of Canada by a huge margin. This one will end well.

The story of BC right now for us financial guys is one hell of a thriller right now.

This movie has it all. Unfortunately it is not fiction.

#65 Linda on 07.30.18 at 9:09 pm

Re: the sister act scenario: can’t hire a hit man now girl, you’d be in the cop shop before the smoke cleared. Ditto doing it yourself – social media sucks that way. Regarding pops care – IS your sibling actually doing all that much care, or is that being done by hired help? I’d check with a legal beagle, but I do not think Pop can set up his will so that Mom is at mercy of your sister once Pop dies. My understanding is that as the spouse, Mom inherits at least half, regardless of what Pops will might say. Maybe even the whole shebang, as sister isn’t a minor. And if Mom did write a will supporting Pop’s version, time to change that puppy to something that will protect Mom’s interests if Pop dies first.

Now if sister is working her butt off & both Mom & Pop are setting things up to reward her efforts, that is their prerogative. First thing to determine is what is being done for what recompense. If you think elder abuse may be occurring (doesn’t have to by physical – mental AND financial count too) then check to see if there is someone with authority who can investigate to make sure all is well. Most likely will be a provincial responsibility but a phone call or email or two should give you contact details. Good source is local retiree organization if you know of one – they tend to have all that stuff to hand for their members to utilize if needed.

And if you are worried about future relations with sis, seems like you are already in a bad relationship so if you are concerned about Mom & Pop’s current & future wellbeing (& not just your share of the possible future inheritance) then make the call.

#66 I'm not Mark, he is on 07.30.18 at 9:10 pm

56 watson

Well they’re all aholes. Liberal and Cons and NDP. They all like and none of them have your best interest in mind. They have agendas and they pursue those.

Except Garth. He’s a saint.

#67 Reality is stark on 07.30.18 at 9:25 pm

Well Abid just learned a valuable lesson.
Never listen to a real estate agent.
Now that you are in the hole $150,000 the marriage is no longer a done deal.
This is the way the world works Ace.
It’s all your fault.

#68 Nonplused on 07.30.18 at 9:56 pm

#56 FOUR FINGERS WATSON

So you are saying there are politicians who don’t lie?

Anyway if there are going to be “income taxes” then “income trusts” are likely not immune. Many of the oil&gas income trusts that had sprung up were really just regular oil&gas companies taking advantage of the loophole.

Anyway Turdeau’s carbon taxes are going to hurt a lot more people, and mostly people who can’t afford it.

#57 Long-Time Lurker

Unfortunately weed is not my thing. I’m fine with legalization for other people but I prefer whiskey.

In fact I am not sure why weed was ever illegal in the first place. It’s a plant. Sure, you shouldn’t be able to do some things that come with the modern era like drive a car stoned, and we know a bit about how to try and handle that with our drunk driving laws. But all making it illegal did was enrich the gangs. It didn’t stop the users from using.

I would apply the same logic to prostitution. If a person is willing to trade sex for money and it is a consensual arrangement, why is the government concerned? It’s only when you get to pimping and forced prostitution that we have a problem, along the lines of slavery. And people are going to do it anyway, no matter how many laws there are.

#69 The real Mark on 07.30.18 at 10:00 pm

MAKE THEM STOP!!!!

This personation schema has gone for way too long. I demand it STOP NOW!.

2013 was the peak, adjusted for sales mix. BELIEVE me or I will get very very mad.

My superior intelligence and literary skills are not getting the attention and support that is due.

I often feel lonely. There seems to be no premia on my superior ideas.

PS look for a 1.50 loonie very soon

#70 Arctic Gringo: Qalunnaaq on 07.30.18 at 10:01 pm

Did we miss this, or nothing to see here – https://www.fin.gc.ca/n18/18-065-eng.asp

I reviewed it last week. Boring. – Garth

#71 Wrk.dover on 07.30.18 at 10:02 pm

Sister and her husband seen opportunity

————————————————

Sister should have taught you grammar. She could have told you about the opportunity she saw.

Walk away, then run. In her mind she won. The best revenge is to live well. She is not doing that now. You are. Right?

#72 45north on 07.30.18 at 10:09 pm

This Week in Money: Allan Mark Angell discusses West Vancouver and Westside real estate markets on This Week in Money.

https://youtu.be/oxRABoyKT90?t=46m39s

I think what he said deserves comment: He said sales are down across Vancouver. Way down.

My conclusion is that the Dippers have made a bad situation worse. British Columbia is about to be hit hard. The new taxes will not generate any extra revenue because there’s no sales. Horgan needs to get his resumé out there.

#73 Heather Hallam on 07.30.18 at 10:16 pm

I came to BC 12 years ago to be caregiver for my parents. They paid me a bit monthly and my mother’s will stipulates that $42,000 is to be paid to me for recognition of my caregiving services. (It was 24 hrs a day). The balance is to be paid equally among my four siblings and me. If I want my mother’s house I have to buy it. My mother was concerned that I wasn’t getting a square deal. I told her the will was fine the way it was written. And even if it wasn’t I was ok with it. Estates can break up families and I didn’t want that.

#74 Yuus bin Haad on 07.30.18 at 10:20 pm

Hi Paul … Pat Foran here.

Call me.

On Your Side, …

#75 renter in Surrey on 07.30.18 at 10:27 pm

#64 GTA doesn’t have anything on…

…what is going on in BC among borrowers.

Most borrows are facing a US style life sentence of debt prison in BC. Meaning you ain’t getting out if your are among the 4+ times income indebted. You are locked in for the mother of all storms and I doubt many can liquidate at this point.

————————————————————————————–

Fear mongering you are.
What sentence?
There are no decent freehold SFH below 1 mil in LM.
Prices are steady as rock.
The only sentence here it life time rent for idiots who missed this boat.

#76 Oft deleted much maligned stock picker on 07.30.18 at 10:31 pm

DELETED

#77 davvikk on 07.30.18 at 10:35 pm

Vancouver Condo Bubble Takes New Hit: Murky Condo Flippers Targeted in Pre-Sale Tax Hunt

http://www.investmentwatchblog.com/vancouver-condo-bubble-takes-new-hit-murky-condo-flippers-targeted-in-pre-sale-tax-hunt/

#78 Leo Trollstoy on 07.30.18 at 10:37 pm

crissy haz no evidence

dont post if u agree

quick question

the Toronto region’s overheated housing market that had peaked in March 2017 with a 33 per cent year-over-year increase in the average sale price

da star sez 2017 peak for SFD… when condo prices peak? they still goes up up up!

#79 Tony on 07.30.18 at 10:49 pm

Re: #78 Leo Trollstoy on 07.30.18 at 10:37 pm

From what I see on mls condo prices peaked in the GTA March 2018.

#80 FOUR FINGERS WATSON on 07.30.18 at 10:49 pm

#68 Nonplused on 07.30.18 at 9:56 pm
#56 FOUR FINGERS WATSON

So you are saying there are politicians who don’t lie?
………………………

They all lie. We all know that. The real questions are : How badly are they gonna screw you ? Who can you trust ? Who can you vote for ? Seems like it is always a choice between the lesser of three evils.

#81 Ace Goodheart on 07.30.18 at 10:54 pm

Assuming Paul’s kidding, and this is in fun I’d give the standard murder mystery answer:

Hit man means pre meditation and Paul has a motive. That’s murder in the first.

Doing the job himself might reduce it to second degree if he could make it look spontaneous.

But the best way would be the unfortunate accident. With a good alibi and knowing she drinks two bottles a day and so is probably drunk, he might just get away with it….

#82 Empt on 07.30.18 at 10:55 pm

Paul, dower laws are very strong. I doubt your sister can force the sale of the house so long as your Mom is alive. And even if Mom moves out the money from the house can’t be dispersed until she no longer needs it (think death). Same applies to other assets. Men can’t leave old wives penniless on the street in Canada while enriching their children. See a lawyer for your province.

We paid $30K/yr for in home care for elderly parents in Ontario. Yes, the caregiver needed the car to do her job. Yes we fed her, and yes her children stayed there too while they went to university. We bought her a computer so she could skype with her family. And we feel we got a great deal – imagine someone putting their whole life on hold to care for our parents! You’re the lucky one, not your sib.

#83 The Real Mark on 07.30.18 at 10:57 pm

#78 Leo Trollstoy on 07.30.18 at 10:37 pm

“the Toronto region’s overheated housing market that had peaked in March 2017 with a 33 per cent year-over-year increase in the average sale price”

All price fluxuations since 2013 are due to sales mix changes and currency devaluation.

Your claims of gains on condo properties over the past few years are suspect as well. Condo prices have been flat to declining since 2014.

#84 Mattl on 07.30.18 at 11:36 pm

#61 – stop lie spamming about Kelowna under different aliases. 800k for a simple home? You can get a nice home for 550k in West Kelowna. 800k gets you lake view walknto beach.

You Kelowna downers are flat out weird – median incomes are up and this is one of the fastest growing cities in Canada. And homes were basically flat from 2008-2016.

How you guys missed out and are now whining about prices is more embarrassing then the Barrie couple. Stop clowning yourselves, all of the data on home prices in this area is widely available. Over the past 10 years the city grew substantially and home prices until recently were only barely beating inflation.

#85 Frustrated Kiwi on 07.30.18 at 11:37 pm

Paul, I think you need legal advice so you can protect your mother properly. A colleague of mine had a sibling trying to push their mother in a property investment that was clearly in the sibling’s best interest, but not in the 80 year old mother’s. He took her to see our family lawyer. They had a good discussion and outcome was the lawyer sending a letter explaining how it wasn’t in his client’s best interests. Sibling backed off, and all seems reasonably friendly at this point. No question that involving an impartial third party helped. Hopefully your mother will give you POA so you can act in her best interests. That will seems dodgy, and as you say, could result in her being pushed out upon your father’s death. Sis needs to be compensated for her caring, but I would suggest that any passing of the estate should occur after both parents pass. Make sure you put your mother’s welfare first (rather than what you may or may not inherit yourself) and you should steer her alright.

#86 Lost...but not leased on 07.30.18 at 11:49 pm

POA ?

People have zero idea of how UGLY THIS CAN GET.

My “tale of woe” was my mother being diagnosed with dementia in late 2014.

In essence, my sibling and I were ” equal ” POA’s

My sibling placed her in a senior care home that I had not pre-screened..my mother kept calling me in suicidal tones. NOTE..NOT ALL SENIORS HOMES ARE ALIKE…DO YOUR HOMEWORK !!!!!!!!!!!! I had found a homes that I felt best suited my mother,but my sibling ignored my opinion.

How dirty does this get ?????
…….fasten yer seatbelts!!!

Suffice it to say I had smelled a rat..which turned out to be my mothers financial advisor……let me regress.

My mother had a document that effectively named me and my sibling as POA…but an error had her deemed as POA and me as alternate POA. However, her financial advisor stated their lawyers determined we were equal.

BTW…..Notaries and other legal minions screw up all the time.

However…my sibling ……somehow..applied for “Committeeship” ***RESEARCH THIS*****.

This effectively gave my sibling 100% control over EVERYTHING re: my mother. The documents indicate my mother’s financial advisor went behind my back and referred my sibling to a scumbag lawyer.

Long story short..my sibling set her useless son up in my mothers home for 3+ years…I was arrested on totally trumped up charges….had a peace bond(expired)…..my mother passed away earlier this year.

LUCKILY..a buddy of mine recorded a lot of this…I will make this very public.

Overall message???
……trust NO ONE and cover [email protected]…..senior abuse and exploitation is rampant and only getting worse.

#87 Can You Dig It? on 07.30.18 at 11:51 pm

Sapna means dreams in Hindi language.

A & S are really living their Canadian real estate dreams!!

Now can you dig that, suckaaaaa?!

#88 april on 07.31.18 at 12:01 am

If an offspring looks after all her dad’s financial affairs and pays his bills should she be paid for the hours she spends keeping track of everything or is this supposed to be taken as her duty. He thinks because he “fathered” her that she owes it to him. He doesn’t want to do it… finds it too overwhelming. He’s 83 and lives in a 1.8 mil house, and has savings plus a small pension.

#89 Lorne on 07.31.18 at 12:17 am

#72 45north
This Week in Money: Allan Mark Angell discusses West Vancouver and Westside real estate markets on This Week in Money.

https://youtu.be/oxRABoyKT90?t=46m39s

I think what he said deserves comment: He said sales are down across Vancouver. Way down.

My conclusion is that the Dippers have made a bad situation worse. British Columbia is about to be hit hard. The new taxes will not generate any extra revenue because there’s no sales. Horgan needs to get his resumé out there.
……..
“Bad situation”….you mean house prices going down??

It might be hard to believe but the major goal of the new taxes is not to make money for the provincial coffers and real estate flippers (unlike the Lieberals), but to avoid any more escalation of prices and, hopefully, a steady decrease in prices so younger people can still stay in Vancouver. Me thinks many people are very happy with the changes in the real estate market and Mr. Horgan and Mr. Eby are actually admired by many.

#90 Midnights on 07.31.18 at 1:06 am

WOW!
https://www.zerohedge.com/news/2018-07-30/loonie-tumble-after-report-canada-excluded-nafta-talks

#91 Puzni on 07.31.18 at 1:15 am

Garth once again no foreign money in BC:

https://vancouversun.com/news/local-news/dan-fumano-data-point-to-money-laundering-vulnerabilities-in-b-c-real-estate-sector

#92 Bobby on 07.31.18 at 2:22 am

If you listen to a realtor, real estate always goes up. But it seems many have missed the downturns in the past. I recall real estate crashing rather hard in Toronto in the 90’s. Perhaps we are seeing history repeat itself.

What is somewhat amusing here in heat wave Victoria, is the local Real Estate Board a few years ago came out with the comical statement that everyone should by now because higher interest rates meant higher home prices. It was quickly removed once someone actually read it. However the board did face a significant amount of ridicule for such an asinine statement. I guess they realized not everyone believes everything they say.

#93 Smoking Man on 07.31.18 at 2:30 am

Going, going , gone!!

Everything you see and hear in life is a sales pitch. Your programming will determine what you buy or sell. When you get this, its called wisdom, got plenty of carpet burns on my scalp searching for it.

The Truth is. No one is right, no one wrong. The religious twelve steps disciple preaching to the converted thinks he’s right. The bourbon gambler begs to differ. What is the golden outcome we all strive for. Beats me.

Repent you toothless, old, bald drunken ass hole.

That’s not in my DNA. I repent for no god or man. I write my oun scripts. Followers are losers.

I may end up face down, naked and dead in a ditch one day, but my lifeless body will have a big smile. I did a lot of cool shit in my short time here. ….I made it. Found the town called nothing else matters.

#94 Dolce Vita on 07.31.18 at 3:18 am

On the 4 sibling estate rivalry:

Greed, Avarice and Envy, never come to a good end.

#95 The real real real Mark on 07.31.18 at 5:04 am

I demand all other Marks stop posting. You’re spreading fake Mark news.

We’re going to see deflation in Canada and our dollar will be more valuable than gold.

#96 Mike in Toronto on 07.31.18 at 5:50 am

“she already runs the house, effectively pushing the rest of family out.”

It’s not her house. Talk to your father and move in. Tell her which room you’re taking. She should be happy that you’re going to change some diapers and give her a few days off every week.

It bugs me that relatives do this kind of stupid sneaky stuff then get upset when you remind them that the property isn’t actually theirs.

But whatever, intolerable sister will fight like a dog to keep the house she “earned”. The grudge will last forever, even if she takes everything, she’ll still be endlessly defensive and nasty about it. There’s no fixing that.

If she gets less than everything, expect the lawyers to take the difference.

#97 NotLegalAdvice on 07.31.18 at 7:35 am

#11 Learner on 07.30.18 at 5:11 pm
Sorry to continue on yesterday’s topic —

About legel will for passing your asset, what if you do not want to split asset to your child’s spouse in case they ever go through divorce, is family trust a better option over will? So only your child can touch the asset and decide what to do with it.

Thoughts and experiences?

—————————-

– the short answer is no. Money held in trust must not violate the rule against perpetuity. Google it. Gives you a maximum time period of 21 years if you are vesting land in a trust. Are you planning on having more kids? Your “trust” sets designated beneficiaries.

Create a will. Add a trust provision in the will holding money in a trust account for your children and any other children you may have with your spouse.

You do not want to die intestate (lacking a will). Or, if you have significant amounts of more money, consider a prenuptial agreement ?

Anyways, this is NOT Legal Advice, just merely Legal Information. Always best to consult with your lawyer on this.

#98 Renting in Burlington on 07.31.18 at 7:36 am

#42
So all and all, I would say unless you are willing to move in and care for dad under the same terms, she’s won. Admit defeat and accept the terms before it turns into a family feud. The only argument you have is whether the total compensation she is receiving is excessive once you add up the car, the board and room, the wine, and the $30,000 a year. Maybe it is, maybe it isn’t. If it is, it doesn’t seem particularly excessive to me. It’s a full time job and maybe coming to $45,000 a year in total benefits. I don’t know if you would do it for that, but I wouldn’t.
——————————————————————
Well said. It would cost $6K a month to put Dad in a long term care facility with full-time care. If your sister is willing and able to take care of Dad in his own home, it’s a blessing for him. She deserves compensation for this. It would cost a lot more than $30 to $45K to hire someone or multiple someones to take care of him 24/7. You should be thanking your sister for doing this for your parents.

#99 Howard on 07.31.18 at 7:39 am

#44 Asterix1 on 07.30.18 at 7:09 pm
#5 Howard
———————-

I take it you did not bother reading today’s blog!

————————————-

Guilty. Well, I read it AFTER I posted that comment/link. So, yeah, oops.

Although Garth didn’t provide the Toronto Star link, so I guess my contribution wasn’t entirely useless.

#100 Howard on 07.31.18 at 7:52 am

#36 Communist Conservatives on 07.30.18 at 6:40 pm
Why do the communist conservatives hate the free and open market? Why not one complaint from these communists of government meddling in the housing market via CMHC?

————————————

Leftists never mention it either.

I would gladly vote for any party that promises to abolish the CMHC and force banks to assume full repsonsibility for their housing bets.

#101 crowdedelevatorfartz on 07.31.18 at 8:08 am

@#95 The real real real real real Mark

“We’re going to see deflation in Canada and our dollar will be more valuable than gold.”
+++++
You’re too late. It happened in 2013. Right after the housing peak.

#102 Howard on 07.31.18 at 8:26 am

#84 Mattl on 07.30.18 at 11:36 pm
#61 – stop lie spamming about Kelowna under different aliases. 800k for a simple home? You can get a nice home for 550k in West Kelowna. 800k gets you lake view walknto beach.

You Kelowna downers are flat out weird – median incomes are up and this is one of the fastest growing cities in Canada. And homes were basically flat from 2008-2016.

How you guys missed out and are now whining about prices is more embarrassing then the Barrie couple. Stop clowning yourselves, all of the data on home prices in this area is widely available. Over the past 10 years the city grew substantially and home prices until recently were only barely beating inflation.

——————————————-

Kelowna should really focus on luring some regional offices away from Vancouver and LM in order to build up a white collar economic base and attract educated young talent. Right now its economy is based entirely on RE (retirees especially) and seasonal tourism.

#103 Shawn Allen on 07.31.18 at 8:54 am

Losing on Futures is Old News

In the 1630’s, and for decades after, shares in the Dutch East India Company (VOC) traded in Amsterdam on that basis on speculation of what the fleet would bring home. Not a few lost their house betting this way. Just warming up they then got into futures on tulip bulbs.

So sad, too bad to this loss on home values. Suck it up and honor the contract.

#104 dharma bum on 07.31.18 at 8:57 am

Something is fishy about Paul’s story.

He and I could NOT possibly have the SAME sister!!!

Here’s how you take care of the problem:

https://www.youtube.com/watch?v=bZPQgSxGKW4

#105 dharma bum on 07.31.18 at 9:06 am

#86 Lost…but not leased

Again!

This guy has the same sister as me?

Could it be?

Hmmmm…maybe I’m a brother from another mother.

#106 The Real Mark on 07.31.18 at 9:11 am

#95 The real real real Mark on 07.31.18 at 5:04 am

“I demand all other Marks stop posting. You’re spreading fake Mark news.”

Although there is nothing fake about peak real estate prices being in 2013, I would like this to stop. My good name is being ruined and I can’t stop crying about it. I’m very sensitive.

#107 Ian on 07.31.18 at 9:31 am

Hey SCM are you learning anything from the Ford government yet? Freedom, private sector growth?

What a great start. They have made so many good moves already. Four more years too. Absolutely love it

How’s the wifi at the McDonalds?

#108 Ian on 07.31.18 at 9:37 am

I still maintain the US unemployment figures are bogus, even though the trend has been good.

The current U6 unemployment rate as of June 2018 is 7.80. That’s the one that includes part time and those who have given up looking. That’s the one that matters especially since Obamacare has pushed employers into creating more part time jobs.

And guess what? The U6 figure, as high as it is, EXCLUDES people after one year. Meaning, if you looked for a year and still don’t have a job, you’re not considered unemployed anymore.

The true unemployment figure is probably well above 10%.

Give it up. There are demonstrably more job openings than people actively looking. Those who are not looking are not part of the labour force. – Garth

#109 Dups on 07.31.18 at 10:24 am

It is usually the sisters husband in fault. He must have brainwashed the heck out of her, so she has no love for her own flash and blood. Shame on sisters like that, selfish and mean. She does not deserve more than her fair share of the siblings. Was she adopted or dropped on her head?

#110 russell on 07.31.18 at 10:29 am

Thanks Garth for posting, no sister is not demanding $1500 month she is Taking $30,000 year, plus all the rest…

#111 IHCTD9 on 07.31.18 at 10:32 am

This kind of family/money crap really sucks. Just reading about it makes me cringe – forget about having lived it.

I hope to get my folks to sell everything they own (little outside of a nice house) and move in with us or one of my siblings. They’d love it, and after everything has been converted to cash it’s infinitely more manageable, and a lot harder to steal.

#112 232 on 07.31.18 at 10:38 am

“Abid and Sapna foolishly ignored a primary GreaterFool rule. You know which one.”

Garth, how do you know they don’t sleep with each other? :D

Not the rule in mind. But they are good kids, I’m sure. – Garth

#113 paul on 07.31.18 at 10:42 am

Thanks for all the comments on sis taking care of parents. Yes she is taking care of parents but the thing is my mother never wanted her in the house. Her and her husband never spoke to my parents or anyone else for 7 years and it was myself who took care of them when they needed anything. They showed up one day and took my dads buick roadmaster and said they would sell it and sold them car they could not make payments on, sold the buick and pocketed the money. Just to show the kind of people I am dealing with. The day they showed up out of the blue I told mother they are here for the house and they ingratiated themselves into the house and no one else is allowed in unless sis needs a break and then she calls. This has torn the family apart and I could care less about the estate or what will be left of it, it is that she will leave my mother in the ditch when dad goes and they will have her house. Family can ruin your heart in the end and at 60 it makes me sad that money trumps love and decency.

#114 Ian on 07.31.18 at 10:44 am

Of course there are tons of job postings…for skill sets that go unmet. The bar to get hired is constantly being raised.

Trump has not solved the employment issues in the rust belt that got him elected in the first place. People will turn on him if he doesn’t deliver.

#115 paul on 07.31.18 at 10:46 am

dharma bum that house in video I kid you not it is the same type of home set back on acreage same design ranch… blows me away… just like the house… bizarre.

#116 KLNR on 07.31.18 at 10:48 am

‘money/greed’ the great destroyer of families and relationships.

#117 waiting on the westcoast on 07.31.18 at 11:17 am

#95 The real real real Mark on 07.31.18 at 5:04 am says… “I demand all other Marks stop posting. You’re spreading fake Mark news.
We’re going to see deflation in Canada and our dollar will be more valuable than gold.”

I think Mark should no longer be used as a noun on the site. You can say … “mark my words” but not “on your mark”

I do miss the clarity of just one mark… (oops, broke my own suggestion).

#118 IHCTD9 on 07.31.18 at 11:32 am

Mr. Abid is a student, probably works in the GTA an hour or more away via the hellish 400. He buys a house expecting it to only go up, now he’s buried in school debt and mortgage debt on top. He went alt-lend for the mortgage, and it doesn’t sound like his fiancée has a real job – she’s a [really bad] RE agent, they both live with Mom and Dad at 29+ years old.

THEN they go ahead and put their faces and names on the net with their story so tens of thousands can rip them new ones for being idiots.

This couple has every box ticked for doomed on all fronts.

#119 232 on 07.31.18 at 12:03 pm

“This couple has every box ticked for doomed on all fronts.”

LOL. Awesome choice of words. Not as witty as Garth, but getting there.

#120 Brett in Calgary on 07.31.18 at 12:12 pm

#58 Cdn Mom

“My mother’s health suffered greatly, she didn’t make needed medical appointments for herself…just no time. She was dead from cancer 13 MONTHS after her mother passed. She was just 64.”

Exactly the same thing happened to my mom. Took care of her mother dying with cancer (83) and she died of cancer 2 years later (63). Now my 2 year old daughter doesn’t have a grandma. No good deed goes unpunished.

#121 Barb on 07.31.18 at 12:33 pm

Paul’s story…oh my gawd!

I’ve never heard a more compelling reason to have only one child.
Then put in some effort to raise lone child with your values.

#122 Wrk.dover on 07.31.18 at 12:47 pm

Paul, you have my sympathy now. Regarding the Buick.

Sis should have at least let you have that! The pinnacle of auto engineering, the climax of real wheel drive, and she probably flipped it for a couple thousand dollars because of it’s age. Corvette engine and all. Ultimate old guy car. Shame. Great loss for you. I’d never let go of the hate over that.

Meh, the house.

#123 TurnerNation on 07.31.18 at 1:08 pm

Life in Kanada. I’ve posted before that one soon will receive jail time for harming a tree. Trees have more rights than people under our forced UN Agenda.

Perfect example. Forced out of their home for a tree.
https://www.blogto.com/city/2018/07/toronto-buying-entire-house-so-it-can-save-tree/

#124 Lost...but not leased on 07.31.18 at 1:15 pm

#1 this week in money…

A lot of people have posted via Allan Mark Angells interview…it is highly recommended.

For a top realtor, brutally honest….
The information he submits should send shivers down the spine of developers, realtors and greater fools.

Example:West Van…to date..300 sales..almost 1000 realtors.

The data suggests this year will beat the previous worst year in RE sales.

The data he submits VERSUS the data the REB are spewing are at opposite poles. The market is in quasi -collapse mode. Brace yourself!

#125 Lost...but not leased on 07.31.18 at 1:19 pm

#104 dharma bun

If dont mind me asking ……whats your tale of woe..as you allude to having same sister.

#126 Renting in Burlington on 07.31.18 at 1:23 pm

#113 Paul
——————————————————————
I understand the challenges better after reading your post. You’re right – if your sister barely bothered with your parents for 7 years and then moved in to stake her claim, it is heartbreaking for you. Can you do something about it? I sure hope so.

#127 James on 07.31.18 at 1:34 pm

#93 Smoking Man on 07.31.18 at 2:30 am

Going, going , gone!!
Everything you see and hear in life is a sales pitch. Your programming will determine what you buy or sell. When you get this, its called wisdom, got plenty of carpet burns on my scalp searching for it.
The Truth is. No one is right, no one wrong. The religious twelve steps disciple preaching to the converted thinks he’s right. The bourbon gambler begs to differ. What is the golden outcome we all strive for. Beats me.
Repent you toothless, old, bald drunken ass hole.
That’s not in my DNA. I repent for no god or man. I write my oun scripts. Followers are losers.
I may end up face down, naked and dead in a ditch one day, but my lifeless body will have a big smile. I did a lot of cool shit in my short time here. ….I made it. Found the town called nothing else matters.
_________________________________________
I thought you lived in a van under the bridge down by the river.
BTW I am quite sure that you do not fit into either the follower bracket or the leader bracket but your demeanor does resemble the loser bracket.
Ignorance is the lack of knowledge and can be forgiven; however, stupidity is having the knowledge and behaving as a loser anyway. You can’t lead stupid!

http://www.i4biz.com/leadership/leaders-followers-and-losers/

#128 IHCTD9 on 07.31.18 at 1:38 pm

#122 Wrk.dover on 07.31.18 at 12:47 pm
Paul, you have my sympathy now. Regarding the Buick.

Sis should have at least let you have that! The pinnacle of auto engineering, the climax of real wheel drive, and she probably flipped it for a couple thousand dollars because of it’s age. Corvette engine and all. Ultimate old guy car. Shame. Great loss for you. I’d never let go of the hate over that.

Meh, the house.
__________

Bro has a 90’s Caprice 9C1 ex cop car with the old school LT1 in it. The last of the real – all iron SBC’s of decades gone by. Tough, and powerful for its day. I really like the old cam in block V8’s, compact, simple, and powerful, and in the case of Ford’s roller cam Windsor engines – awesome sounding!

My own daily driver has a dinosaur under the hood too. The last of the big gas V8’s which competed with diesels throughout the early 2000’s. All iron 496 ci BBC with peak torque of 455 ft-lbs under 3200 rpm. Not going to blow diesels off the road these days, but these engines are easily the easiest on the brain and wallet heavy haulers ever built.

They’re pretty much the only game in town if you live where it gets under -30 regularly and need to move some weight.

#129 jess on 07.31.18 at 2:06 pm

illinois hacking testing testing
Everyone should read this! What they discovered was mysterious and terrifying.

…”On July 12, 2016, Matthew Emmons, an IT technician, was settling into a quiet workday when a colleague approached his cubicle in the Springfield strip-mall office of the Illinois State Board of Elections. Servers holding the personal information of more than 7.5 million voters had ground to a halt, and there was something he had to see.

Within minutes, a handful of techs had anxiously gathered around a monitor showing the registration database servers hitting total capacity. “We knew we were under attack,” Emmons, now the IT director, recalls. “These are very powerful servers, and it had locked those things up.”

Emmons and his colleagues took the servers offline and started to investigate.

https://www.motherjones.com/politics/2018/07/the-midterm-elections-are-in-serious-danger-of-being-hacked-thanks-to-trump/

#130 n1tro on 07.31.18 at 2:12 pm

“Mirza, a PHd….”

“Smart” people can be so dumb.

Hey Abid, join #suckstobeyou You will have a safe space to cry along with others.

#131 James on 07.31.18 at 2:24 pm

#123 TurnerNation on 07.31.18 at 1:08 pm

Life in Kanada. I’ve posted before that one soon will receive jail time for harming a tree. Trees have more rights than people under our forced UN Agenda.

Perfect example. Forced out of their home for a tree.
https://www.blogto.com/city/2018/07/toronto-buying-entire-house-so-it-can-save-tree/
___________________________________________
My mother and fathers home has a gigantic weed on the side lawn, they want a get out of jail card too! They had similar problem with a big old tree in the back that was leaning towards the hydro pole and eating into the sewage line. They live in a rural city town area on a septic. It was an easy down for him as it was on city property and he said get rid of it. They didn’t comply so he assisted the old tree in going to the lumber mill with something called copper sulfate into the John. It didn’t take too long and then he complained to the city to remove the dead tree that was a danger to the hydro lines and the homes. They came in the next day and buzz, buzz, cut, cut she was gone. That fall the town came back and put in a new stick tree for free.

#132 Anne Wilson on 07.31.18 at 2:25 pm

#42 Nonplused

Omg if I wasn’t passed menopause I would want to have your babies.

#133 Grateful Boomer on 07.31.18 at 2:34 pm

121 Barb….Paul’s story

Oh my gawd, I’ve never heard a more compelling reason to have only 1 child.

———————

Sadly, I’ve never heard a more compelling reason to have no children

#134 B20 is the real deal on 07.31.18 at 2:45 pm

@#75 Renter in Surrey reply to #64

***************

#64 GTA doesn’t have anything on…

…what is going on in BC among borrowers.

Most borrows are facing a US style life sentence of debt prison in BC. Meaning you ain’t getting out if your are among the 4+ times income indebted. You are locked in for the mother of all storms and I doubt many can liquidate at this point.

————————————————————————————–

Fear mongering you are.
What sentence?
There are no decent freehold SFH below 1 mil in LM.
Prices are steady as rock.
The only sentence here it life time rent for idiots who missed this boat.

***************

Renters are not tied to their property. Renting can be stressful but so is home ownership. Renters can apply for work across the country or move into the US. They are not tied with their life to a cardboard box and paying their landlord bank.

It goes both ways. Plenty rentals are on the market now vs. last year. Prices are softening as well. Reasonable landlords with long term rental experience will bend over backwards to keep good, solid and liquid tenants as paying customers. Why wouldn’t they?

Watch and learn.

#135 Lost...but not leased on 07.31.18 at 2:56 pm

Re POA etc.

While it may sound uncomfortable…via my experiences…it would be best to have a sit down with ones parents and talk about POA and Wills Estates.

My parents were divorced…my Dad took ill in 2013 but was able to live his last days at home until last 2 weeks as he accessed in home care(free) for several months prior to this,he passed away in 2015.

His WILL was dated 1980(year my parents divorced)…my sibling and I searched for a WILL..we found it… I was named executor…she was not…I think this really upset her…but back then she was a teen and I was a legal adult.

My mother was diagnosed with dementia in 2014…(she had fallen at home…injured herself..while there..doctor diagnosed her..said she HAS to have full time care = a senior care home.) My sister and I then visited a couple of homes…but lo and behold put my mother in a care home I had not seen.

When I visited the home, I could tell right away this was NOT a home for my mother. My mothers dementia was not sever..mostly short term memory.The Wing- Unit she had been put on had people that were literal comatose vegetables, and she felt so isolated and alone. When she had access to a phone, it was painful to listen to her borderline suicidal tones.

One of the homes I had seen I felt was perfect for her for a number of reasons….Again…. RESEARCH THEM !!!

I told my sibling my concerns…to no avail…in fact it got uglier and UGLIER.

What about POA and the law.
My mother had given her brother POA around 2010…then apparently me and my sister had POA in 2013. I couldnt get a straight answer as to WHO was POA.

BE WARNED; THE PROBLEM IS THERE IS NO SUPERMAN BUREAUCRAT THAT WILL DIVE IN AND FIX THINGS. THIS IS NOT A MOVIE WHERE THINGS FLOW SMOOTHLY AND EFFICIENTLY…IN FACT THE EXACT OPPOSITE.

My sister was first off the mark placing my mother in a home when a bed became available…THE END. This is not about justice and fairness. The system is ripe for abuse and needs major corrections..ie such as a document that would require me, as equal POA….. ME to sign off on my mothers affairs. Nope…no such thing it appears..as one of two POAs can simply take charge.

My uncle(Moms brother ) and I joined forces. He told me my sisters POS spouse had called my uncles son and told him to tell my uncle to ….stay out of it or he will BURY him!!! Our access cards to the seniors home were cancelled. My mother PHONE was also removed..permanently.

Govt is beyond useless, as my uncle had contacted the Public Guardian and Trustee…what a disaster…as they in essence worked against us.

My mothers room….for $6500 per month=envision a jail cell with a door that does open. You get a bed…a dresser, maybe a sideboard and bathroom..just a step up from a hospital room. ADVICE:Seriously look at in- home care, which my uncle and I had actually lined up.

My sister used to be a very sweet, caring, smart, attractive,multi- talented person…who marries an arrogant obnoxious POS. Now I see her as pure evil. People will say its not her fault..baloney…we make choices…She and a cabal tricked my mother into signing a new POA

As noted, a friend followed me an we did a lot of videoing..so I have a ton of evidence such as visiting and videoing the lawyer who tricked my mother into a new 11 page POA..then stating he did it above board and she agreed to it.

THEN…we drove and saw my mother(we found ways to sneak into home) told her everything..even showing her the 11 pg document she had signed after 20 minutes in the lawyers office…and her shock and outrage. Itold her I couldnt understand all the legal gobbledeguck…I would need a lawyer to explain it….yet this scumbag lawyer felt she did.

BUT, apparently this happens all the time!!!!!!! ……that lawyers can actually assess a dementia patient and deem them capable…seriously (wtf)…TALK ABOUT RIPE FOR ABUSE.

My sister and her cabal must have determined this latest POA was not sufficient..so they went for COMMITTEESHIP…which trumps everything previous and allowed by sibling 100% control over my mothers finances, assets and health and medical decisions.

I was left powerless and via trumped up charges, had a one year peace bond and one stipulation was I could not go near (within 100 metres)my mothers care home , my sister and her lawyer for one year.
Luckily..My mother was switched to another home last year and I was able to visit her for the last few months of her life.

THEN..mid 2017..My sister started posting photos of knick knacks etc.of my mother home…why…then we clued in the house must be up FOR SALE. My sister wouldnt even admit it..as she let her useless son and his girlfriend live in the home for 3 years and lord knows who they let in or was taken. The house was sold, and I was not permitted to enter it since early 2016. I never had a chance to properly inventory the contents and various family heirlooms, as my sister had changed the locks. I had to ask friends to enter the house and pick up items.

I trace the mess back to my mothers financial advisor…as it never made sense how this lawyer came on the scene..as my sister lives about 45 minute drive away. Then the legal documents stated the lawyer was referred by my mothers financial advisor, ..who should be neutral…and their offices are a stones throw apart. The lawyer, IMHO is a slimeball…and he and the financial advisor must have some gig going on…my mother could not be their only victim….and I have tried to contact the financial advisors superiors…3 of them…ZERO calls returned.

THUS….point is…seniors are extremely vulnerable and the while the system may not be designed to fail them..they are at the mercy of parties that can take serious advantage of them and exploit them ruthlessly.

I should also mention my uncle did hire a lawyer…and I began to suspect he was being milked as he racked up a 5 figure legal bill and, in essence nothing was done. I suspect these lawyers are all in cahoots.

There are so many tricks and landmines for the unsuspecting. In hindsight, there is nothing I could have done differently…and I dont feel guilt, as I went through hell as well trying to fight the good fight.

In due course, I will be dealing with what transpired and holding people accountable. I know myself and my mother cant be the only victims….but this cannot go on.Laws etc have to change. Most of us will be in this position in the future.

My poor mother…my sister went against her wishes..literally nothing my mother had tried to secure legally was followed…TOTALLY disgusting.

Just be aware of how ugly it is and can be in the real world and especially with most vulnerable. Take the appropriate steps ..get it in writing..and dont think this cant happen to you and your family. It gets ugly when parents get old..institutionalized and finally die.

Hope you found this useful..

#136 jess on 07.31.18 at 3:05 pm

don jr. and kushner?

Scilla Alecci
Former Pakistan PM Sharif Sentenced To 10 Years Over Panama Papers

Former Pakistan Prime Minister Nawaz Sharif has been sentenced to 10 years in prison and fined $10.6 million on corruption charges linked to 2016 Panama Papers revelations about his family’s properties overseas.

The National Accountability Bureau, Pakistan’s anti-graft court, also has convicted Sharif’s daughter Maryam to a seven-year prison term and his son-in-law Muhammad Safdar to one year imprisonment.

The historic corruption verdict against Pakistan’s former leader also included prison sentences for his daughter and son-in-law.

https://www.icij.org/investigations/panama-papers/former-pakistan-pm-sharif-sentenced-to-10-years-over-panama-papers/

#137 jess on 07.31.18 at 3:10 pm

hum not just a bunch of teenagers click baiting?

…”But after reviewing social media posts, government records, domain registry information, and archived versions of fake news sites, as well as interviewing key players, OCCRP, BuzzFeed News, and the Investigative Reporting Lab Macedonia can now reveal that Veles’ political news industry was not started spontaneously by apolitical teens.

Rather, it was launched by a well-known Macedonian media attorney, Trajche Arsov — who worked closely with two high-profile American partners for at least six months during a period that overlapped with Election Day.

One of those Americans, Paris Wade, is now running for office in Nevada. Arsov also employed other American and British writers, including at least one who currently works for US right-wing conspiracy site Gateway Pundit.

The investigation also reveals that at least one member of Russia’s “troll factory,” who has been indicted by US special counsel Robert Mueller for alleged interference in the election, was in Macedonia just three months before the web domain for the country’s first US-focused politics site was registered….
read more @
https://www.occrp.org/en/spooksandspin/the-secret-players-behind-macedonias-fake-news-sites

#138 The Real Mark on 07.31.18 at 3:15 pm

Garth, this is getting ridiculous. I am providing a valuable service and these simpletons are mocking me!

#139 LL on 07.31.18 at 3:17 pm

If house value go lower, is tax will be also be low, cost less?
Because right now evaluation are really high (I would say over evaluated), so tax cost more.

#140 Stan Brooks on 07.31.18 at 3:20 pm

The truth about the economy in this place:


Canada’s Richest Families Have As Much Wealth As 12 Million People

https://ca.finance.yahoo.com/news/canada-apos-richest-families-much-140300410.html

Property tax hikes would only hurt the middle class

The report argues that Canada’s tax system heavily favours income obtained from wealth over income earned through labour. Capital gains are taxed at half the rate of ordinary income, and income from dividends paid by Canadian corporations to shareholders qualifies for tax credits.

In other words, if you have enough money to put some into investments like stocks and bonds, you’ll pay less tax on what you earn when you sell those investments than what you would if you made that money by working.

Canada’s 87 wealthiest families have a combined net worth of $259 billion, meaning on average they have 4,448 times more wealth than the average family. The report analyzed data from Canadian Business magazine and StatCan’s survey of financial security.

The $259-billion amount is also nearly what everyone in three provinces— Newfoundland and Labrador, P.E.I., and New Brunswick — collectively own ($269 billion), and is the same as what Canada’s 12 million lowest earners have, combined.

This is them, the protected, the owners of this place the one that the finance minister will NEVER EVER go after. Instead he will screw, you, the small businesses.

I wonder what their IQ is. My guess is much smaller than mine. They are just ‘connected’

The system f..ks you by design and you are proud of it.
Stuuuuuuuuuuuupid sheeple.

And here are your kids and their future. Best place on earth, my behind:

https://ca.news.yahoo.com/b-c-paramedics-respond-130-135152292.html

130 overdose calls in 1 day match record for B.C. paramedics.

The B.C. Coroners Service says more fatal overdoses occur during the days following income assistance payments.

That is right, credit and drugs for you, mansions and offshore accounts for them.

And you are proud of it.

#141 ll on 07.31.18 at 3:25 pm

Eureka!
If houses evaluations goes lower, the municipalities will rise tax.
They don’t rise tax now, because they don’t have to..evaluation are so high!
And some mucicipalities are proud to say “We will not rise tax”!
Of course, with over evaluation like that!!!

#142 Art Vandelay on 07.31.18 at 3:28 pm

Paul, your writing physically pained me to read. Oh and your situation is a tough one too.

Ummm….be balanced, liquid and diversified?
*shrugs*

#143 Fish on 07.31.18 at 3:40 pm

@#42 Nonplused on 07.30.18 at 7:05 pm

Well said!!

#144 Ubul on 07.31.18 at 3:46 pm

#129 jess

Jess, the following part of the article shows that the operators of the office of the Illinois State Board of Elections are incompetent or the article is just an other installment of keeping the Russian interference on the front burner for the sheep public.

“Emmons and his colleagues took the servers offline and started to investigate. What they discovered was mysterious and terrifying. The site’s online voter database had been overloaded by repeated queries. At peak, five requests arrived every second, and though now blocked by a new firewall, they continued to bombard the site for a month. These queries, known as SQL (pronounced “sequel”) injections, are among the most common types of computer attacks, allowing the hacker to send commands to a database to extract, modify, or erase what’s inside.
“It was a little scary, knowing that it’s a nation. This is a part of running elections in the United States now.”

But what shocked the techs most was when the attack had begun. Activity logs showed that whoever had penetrated the database had been snooping inside for almost three weeks, learning about the system’s structure, figuring out what they could and could not do, and pilfering personal information on half a million voters. If the attackers hadn’t overloaded the servers, Emmons and his colleagues might have never known they were there.”

If you want to listen to people who know something about Russian-US relationships, Putin, etc. listen to Prof. Stephen F. Cohen, of Princeton and NYU.

https://www.youtube.com/watch?v=BzwxHyDKvQs&feature=youtu.be

https://www.youtube.com/watch?v=tUoJwXtMue4&feature=youtu.be

Or the transcript:

https://therealnews.com/stories/the-russia-national-security-crisis-is-a-u-s-creation

#145 jess on 07.31.18 at 3:49 pm

what if one was a non believer of the after life and last wishes were widely known and voiced throughout the years – demanding no coffin or religious ceremony of any sort. Just a big party.

Expecting a party imagine my horror to see this guy lying in a coffin filled with CH2O for all to see and given a religious ceremony. When making an inquiry the response was…he’ll never know. There was no party.

#146 jess on 07.31.18 at 3:55 pm

Miranda Patrucic is an editor for the Organized Crime and Corruption Reporting Network (OCCRP) and the recipient of the Global Investigative Journalism Network’s 2017 Global Shining Light Award for her work on Making A Killing — an investigation into a $1.2 billion arms pipeline from the Balkans to Syria.

Q&A – how to follow the money

What can high receivables tell us about a company?

High receivables mean that a company has sold a lot of goods or services, but hasn’t collected payments. Either they’re completely incompetent or they’re doing business with related ventures and taking the money out of the company, and perhaps out of the country.

With shell companies, the real company will take money in the form of a loan from its connected shell and never pay it back.

A lot of corruption in state companies, or state-owned companies that were privatized, involves some level of illicit outflow of capital to related companies. We see this often in industries that have high government subsidies, like mining, where the owner sets up an offshore that buys goods from the local company at below market price or for free, and once the goods are delivered abroad the owner will sell and hide the profit. We see this in the high receivables. The local company then has to be bailed out by the government, often with taxpayers’ money.
What about company assets?

What about company assets?

I’m always interested in intangible assets — for example, licenses. I always check their status and the transactions surrounding them – whether a company overpaid for or undersold its license — because corruption often happens here.
“For every big story you have to produce a miracle. Sometimes you work hard and get lucky. But, it’s also about not giving up.”

Another important thing to look at is if there are linked companies in multiple jurisdictions. I will always go after all the records because things left out in a report in Sweden might have to be disclosed — by law — in the report of the holding company in the Netherlands. Any number that seems too big or too small draws my attention.

Audit reports can also reveal valuable stuff. For example, in the Panama Papers investigation, we were looking into mining companies owned by the daughters of the Azerbaijani president and found that they had an obligation to pay $2 million to the government for the use of a mine, which they failed to do. In the audit report, the managing owners were asked if they feared losing their license, to which the recorded response was no. This lack of regulation eventually helped reveal the favoritism shown to companies connected to the Azerbaijani ruling family.

https://gijn.org/2018/07/09/how-to-follow-the-money-tips-for-cross-border-investigations/

#147 oncebittwiceshy on 07.31.18 at 4:06 pm

Renter in Surrey: “Fear mongering you are.
What sentence?
There are no decent freehold SFH below 1 mil in LM.
Prices are steady as rock.
The only sentence here it life time rent for idiots who missed this boat.”

<<<<<<<<<<<<<<<<<<<<<

Except, between Surrey and Chilliwack there are actually over a thousand single family homes listed on realtor.ca between $600,000 and $900,000.

… and if you're a new buyer there are close to 200 single family homes listed between $400,000 and $600,000.

You might want to step out of 2017 and wake up to 2018, buds.

#148 renter in Surrey on 07.31.18 at 4:38 pm

#147 oncebittwiceshy

between Surrey and Chilliwack there are actually over a thousand single family homes listed on realtor.ca between $600,000 and $900,000.
———————————————————————————

Good luck commuting to Van from Chilliwack every day.

I am checking Langely on zolo.ca every other day – $1M+ houses (decent ones, you can get demolition project cheaper)

#149 Shyster in YVR on 07.31.18 at 6:28 pm

#148 renter in Surrey

this is definitely a lie, I just checked there are 105 homes listed in Langley for under $900k including many in move in ready state. Don’t believe the Shyster do your own search online

#150 Nonplused on 08.01.18 at 2:32 am

#132 Anne Wilson on 07.31.18 at 2:25 pm

“#42 Nonplused

Omg if I wasn’t passed menopause I would want to have your babies.”

No reason we can’t try the fun part and see if it still works. If not we’ll ride motorcycles.

#151 I dream of dinosaurs on 08.01.18 at 3:11 am

I love thunder. it’s thundering here right now. But I know that as entertaining as the storm might be, tomorrow we get rainbows. As God promised, no more world wide floods.

#152 tccontrarian on 08.01.18 at 2:32 pm

#5 Howard on 07.30.18 at 4:44 pm

Get your tissues handy…

First-time homebuyers in Barrie squeezed by falling property values

“…They want to begin their married life in their own place without the expense and inconvenience of moving into a rental.”

Ha! They think they’re entitled to a new home and a guarantee that prices always go up. Delusional, at best.

Thinking is an ‘inconvenience’ for some…

TCC