Ozzie Jurock's Profile
Guru
1040
Points

Questions
1

Answers
37

  • Guru Asked on July 27, 2019 in Real Estate.

    In our Land Rush & Outlook conferences I quoted the International Investor survey from www.afire.org for several years. This survey – measuring foreign real estate investment – rated Canada as #3 safest, after Germany and the US. Their 2019 rating will likely be posted in September. In the meantime, Toronto is rated #9 most stable and secure city in the world, tied with Seattle. However, most of the foreign money goes to New York. Go figure!

    From: www.afire.org

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  • Guru Asked on July 27, 2019 in Real Estate.

    One of the leading realtors on the west side told me on Sunday (the 14th) that anecdotally his office has sold 6 properties to Hong Kong Chinese and that their Cantonese speaking agents are in much higher demand. Okay, okay, this is entirely anecdotal, but I would love to hear from more of you in this regard. The fact that things seem to get worse in Hong Kong may indeed motivate more Hong Kong Chinese with a Canadian passport than before.

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  • Guru Asked on July 27, 2019 in Real Estate.

    Hell no! That is a personal vendetta against an equal. You’re not the little man in this situation. The revenge of the little people means that you’re impotent working against Nike, the governmentparking meters or whatever and you do a small thing – perhaps only known to you – to “get even”. (Yes, I realize it’s a joke. If it isn’t get help!)

    TALKING ABOUT PARKING
    I have not been complimentary of the rates that park houses and city meters charge. I think it is madness to have parking meters at hospitals or at family parks. There should be a four-hour free zone at all hospitals and/or visitor free parking passes. Parks should also be free. Here again – we talk affordability and the poorest of all have to pay outrageous fees just to go outdoors or visit sick relatives. I could go on and on but today I want to share with you some happiness about the City of Vancouver’s decision to reduce street parking fees close to community centres (like Coal Harbour) and even on Burrard street from $3 per hour to $1 per hour! I like it in particular where you are often forced to pay $20 for four hours because other options are not available. I also like the cities introduction of a four-hour rate after 6pm. That makes eminent sense and I salute the city.

    Note: However, the meter does not switch over exactly at 6 pm as the esteemed Michael Geller and myself found out. You must wait until at least 6:10 before the four-hour option becomes available.

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  • Guru Asked on July 27, 2019 in Real Estate.

    David Rosenberg is a chief economist for Gluskim Sheff who also writes for the Globe & Mail. He has strong personal views which include that eventually we will have to create a 100-year bond at a good rate, roll in all the bad debt and that way get out of the debt. You MUST look him up!

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  • Guru Asked on July 13, 2019 in Real Estate.

    I pointed out that when President Xi had himself appointed as lifetime chairman, many Chinese citizens in China and elsewhere were concerned about the “iron fist”. His goal is repatriation of Hong Kong plus Taiwan – which he sees as obstinate provinces. China has a lot of time, but he will never give up that goal! In the meantime, money (fearful money) will continue to leave China, but not come to North America right away as the Chinese media is highlighting the trade war. However, remember that there are 300,000 Hong Kong Chinese with a Canadian passport – if worst came to worst and they all would come back to Vancouver – good for real estate!

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  • Guru Asked on July 13, 2019 in Real Estate.

    Yes, perfect revenge of the little man. It’s interesting that the viewing audience for NFL football dropped by over 30% after the in game ‘hate the national anthem ‘knee-bent led by Kaepernick. There are a lot of little men out there taking their own revenge on the NFL. Nike of course did its research and feels that you are in a minority, so did and does not care. Any way to get even: revenge of the little people.

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  • Guru Asked on July 13, 2019 in Real Estate.

    He also forecasts inflation “we have to inflate our way out of it” or “debt default crisis can only be solved with inflation”. So, he likes real estate and commodities such as gold.

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  • Guru Asked on July 13, 2019 in Real Estate.

    I do not dispute their finding of 2% “core” rate, or their “headline” rate, or their “running total” rate, etc. etc. These rates reflect a certain basket that is being measured by government for its reason. I am only interested in the basket of goods and services that changes our living costs, without a corresponding increase in income. Our current rising costs on everyday living are nowhere near 2%!

    Fresh vegetables as of June, are up 17% over last year. Pork is up 6%. In fact, all 8 food groups that the government chooses to report on are also up more than 5%. The government also chooses not to include gas (up 100% in ten years), rents (in Vancouver up 100% in 10 years), house prices (in Vancouver up 100% in 10 years) etc., etc., etc. Add to that simple ‘new cost of living creation’. Take parking in parks, all entrance fees to government services. The list is endless and brings everything that we need to live on higher and higher, but wages are not. Why do Governments like the core inflation rate? Because that’s what they use as an increase on your pension – whereas the reality of where we live and what we do is getting more and more expensive. In the US entitlements are also tied to the official rate.

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  • Guru Asked on June 19, 2019 in Real Estate.

    Go to the BC Real Estate Association website and use their calculators: http://www.bcrea.bc.ca/taxapp/ Type in your purchase price … it will calculate taxes for you.

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