RE Features In Story And Discussion Of Vancouver Execution Style Slaying – “I’m in business for myself. I know how hard it is to get ahead in this city doing it the legit way.”


“Vancouver police are poring over clues to try to figure out who wanted to execute a 38-year-old mother of four less than two weeks before Christmas.
Thuy Yen “Jenny” Vu was shot several times as she sat in her BMW SUV just after 3 p.m. Wednesday with her three-year-old son in the back seat.
Const. Lindsey Houghton said neither Vu, nor her husband, Stephen Michaelson, are known to police. Nor is Michaelson a suspect in the deadly shooting in front of the house the family shared in the 6400-block of Bruce Street.
“At this point detectives have told me it is far too early to speculate on whether this has any connections to gangs,” Houghton said.
“It is far too early to figure out the motive for this….detectives still have far more questions than they do answers.”
Vu and Michaelson bought the house in November 2010 for $1.11 million, property records show.
Vu is listed as a hair stylist and Michaelson as a businessman on the land title documents.
Houghton could not say what kind of business Michaelson is involved in.
Also in November 2010, Michaelson purchased an acreage in Rossland, B.C. for $468,000.”

– from ‘Husband not a suspect in BMW SUV shooting: Vancouver police’, by Kim Boland, Vancouver Sun, 16 Dec 2011

“What is the name of the business? I have been trying to find that out.”
Kim Boland, the Vancouver Sun reporter, at her blog 19 Dec 2011 12:49am

“I have no doubt there must be some link to organized crime. I have heard she had involvement in grow-ops. But she does not have any charges.”
Kim Boland at her blog 18 Dec 2011 11:31pm

—-
“Wow – Million dollar home, acreage in Rossland and an X5 among probably a lot more – shouldn’t be hard to figure this one out for the police. Likely a message for dad to pay up!”
joe at Kim Boland’s blog, 15 Dec 2011 10:15pm

“Is there anything except for million dollar homes in Vancouver? And Beemers rule the lease market cuz Mercedes won’t play.”
putmeincoach at Kim Boland’s blog, 15 Dec 2011 11:08pm

“Good luck finding a house in Vancouver that ISN’T a million dollars.. dumb comment.”
Anonymous at Kim Boland’s blog, 16 Dec 2011 12:07pm

“Actually, it is not a dumb comment. Sure, the majority of homes in Vancouver are a Million+ but there ARE cheaper, less expensive places to live. The obvious point that the poster was making is that these are people of means, OR people who lived as though they were. Who knows what the truth is at this point. Hopefully the investigation is going well. Obviously there is a lot of information that the police find out that they don’t release to the public. So for now it’s just theories and speculation, AND common sense. I’m big on that.The theory (at this point) that there were loan sharks involved seems credible. More credible than the belief that all the people involved, including the victim, are completely innocent. Only one I know for sure is innocent is that little boy.”
Common Sense at Kim Boland’s blog, 18 Dec 2011 11:39pm
—-

“No one deserves to die like that. [Posters] are right [to point that out]. But people are also trying to figure out why this terrible slaying happened. Police say it was targeted. So it is understandable why people speculate.”
Kim Boland at her blog, 18 Dec 2011 11:40pm

“I don’t know Jenny or her husband so I won’t pretend to know all the facts. That said I won’t stick my head in the sand and pretend like this story sounds innocent.
Jenny apparently was a ‘stay at home’ mom for the past years, spending her time at yoga; and her husband is a ‘businessman’. She apparently owned a home in Burnaby, and they bought $1.5 million dollars worth of real estate in one month. Credit is fairly cheap, but you would have to be earning quite the income to make those moves.
Considering they were only on one income with 4 kids, the story tends to sound all too familiar. Pretty you’d girl; loves the good life. Enjoys the ‘finer’ things in life; is attracted to the bad boy who can provide her that fast luxurious lifestyle. Young meat head is attracted to the hot toys and women he attracts with money. After not too long he’s in too deep or addicted to the lifestyle. Some people in this city rack up huge debt trying to keep up with the ‘Bacon’s’. Others say f’k the 9-5 and light up a grow show or two because working a crappy job and or being broke in this city is harsh and gets you no love.
I’m in business for myself I know how hard it is to get ahead in this city doing it the legit way. I know how hard it is to get approved for a mortgage these days after they tightened the lending rules.
Am I jealous? To be honest sure sometimes when you see these people buying all that expensive stuff, traveling, partying, seemingly with no cares in the world, I’m only human. I’m not jealous of the fact that these things usually catch up to people. I’m not jealous of constantly having to look over your shoulder. I’m not jealous of the pain her family must endure for the rest of their lives. I hope the kids get good care, and can adjust to the reality of life with no mom. No kid deserves that.”

YVRGOODTIMES at Kim Boland’s blog, 20 Dec 2011 2:11am
——–

Even though we don’t yet know all the facts behind this ghastly event, the discussion it has already induced is noteworthy. These thoughts about the discussion as much as the incident itself:

“I’m in business for myself. I know how hard it is to get ahead in this city doing it the legit way.”
There will always be those who chase the quick buck.
But in Vancouver today, things are arguably more extreme than during typical times: almost a decade of too-easy money has subverted our society’s principles and beliefs regarding honest work and honest pay. A frontier mentality appears to prevail.
Honest pay is too meagre; quick profits from whatever source are too attractive. Citizens who work hard for conventional wages are considered suckers. People are drawn to fast-and-loose endeavours, be they legal or not. Property flipping; Grow ops; Loan sharking; Gambling; Smuggling; Stock trading…. anything where the potential rewards are disproportionally large compared to the labour involved.
Our economy has been  juiced by massive amounts of debt, with abnormally large amounts of  money released into the economy through the speculative mania in housing. This has caused alterations in behaviour that are deleterious for the long term health of our society.
The misallocation of resources is the resultant central crime of the bubble; we should all rail against the speculative mania for that reason.
– vreaa

36 responses to “RE Features In Story And Discussion Of Vancouver Execution Style Slaying – “I’m in business for myself. I know how hard it is to get ahead in this city doing it the legit way.”

  1. People being drawn to easy money or other situations is always with us, I wouldn’t tie unfortunate events to anything more than human nature.

  2. One interesting piece of information: Rossland and that whole area of the Kootenays is crawling with grow ops. Is it coincidence that he bought an “acreage” up there? Something for the cops to look into.

    • Hey, MLS showed me how cheap those ex grow op properties are, acreage in the ‘loops with septic and hydro already and the house is half gutted already, sounds like a Vancouver developers dream.

    • There’s certainly a fair amount of “alternative economic activity” all over the area, but Rossland is a small town and people know your business. It’s been used as a smuggling point for years going back to the whiskey days of prohibition. I don’t know if it’s still a viable route, but in the 90’s it was certainly easy to walk or ski across the line.

  3. Misallocation of resources is what our modern “capitalist” economy does best. It is an inevitability of negative real interest rates, quantitative easing and other monetary shenanigans. If you really want to get to the source of it – look at the Federal Reserve of Greenspan and Bernanke.

    • yes, it is not possible to solve without addressing the role of the central bank – most people miss that. it’s cronyism and fascism though and getting worse. can’t have capitalism with a central bank controlling the most important price.

    • greenspan is why people are growing pot in the kootenays?

      • don’t know about that but he’s certainly a big part of why most everyone is poorer – already

  4. in my business i have to wory about getting outsourced.

    in her business she has to worry about being shot to death infront of her infant son horribly scarring him for life.

    … ill take my job…

  5. It’s just like Dexter, who could actually do quite a lot of good in Vancouver.

    • Just so that I’m not misunderstood…

      The background story of Dexter is: when was a toddler, he witnessed his mother’s murder. This triggered his desire to kill those who kill innocent people.

      • CanuckDownUnder

        So the writers of Dexter basically stole the Batman origin story?

        Since Vancouver is the new Gotham City, the caped crusader makes a much better reference.

  6. you’ve crossed the line here vreaa. What you’re doing is supporting your position that this couple was involved in the drug trade or loan sharking by posting comments from other sites. Almost daily you pass judgment on homeowners in your pursuit of justifying your rental position.
    I find it very distasteful that you are using this slain woman as an example and using assumptions to do so.
    Step back a little vreaa, take a rest, have a nice holiday.

    • lol

      you’ve crossed the line!!!

    • rusty the pumper – always taking the high road

      for shame, vreaa

      now is not a time for cynicism.. lettuce pray.

    • formula1 -> Comprehension problems? Yet again your penchant for fudgey logic is showing: read the post and brief commentary again. This “slain woman” is not being used as any kind of “example”.
      The post is not about the gruesome incident itself; nor is it about “homeowners”. It’s about
      1. how RE so rapidly and thoroughly infuses a Vancouver story (see Kim Boland’s Sun article) and the discussion thereof (see Boland’s blog). Amazing, eh? Where else would this happen but in a city besotted with RE? [note headline: “RE Features In Story And Discussion Of Vancouver Execution Style Slaying”].
      2. how easy money has distorted the way individuals think and act. (“I know how hard it is to get ahead in this city doing it the legit way.”)

      Again, you’ve also show your concern for our health and welfare: Thanks, we’re having a great holiday; all the best to you & yours, too.

      • you have no idea why this woman was shot vreaa. You’re speculating that it’s “quick or easy money” or drug money. Either way it isn’t your place to offer an indignity to the surviving family by posting your judgment in a public forum. Shame on you.

    • I think the comments indicate the views and biases of those who wrote them, not necessarily the facts surrounding the situation.

      If the purpose of this post is to point out how people want something for nothing and sometimes take it a bit too far, I’d argue this is true regardless any recent house price bubble. Tamping down a specific form speculative fervor doesn’t eliminate banal greed and desperation.

      • jesse -> Note that, in our discussion, we said: “There will always be those who chase the quick buck. …in Vancouver today, things are arguably more extreme than during typical times: almost a decade of too-easy money has subverted our society’s principles and beliefs regarding honest work and honest pay.”
        Our argument is that easy money has made it more likely for “banal greed and desperation” to be rewarded, and that this has altered thinking and behaviours in an unhealthy fashion. Not of all citizens, of course, but of enough to have an impact.

      • “People are drawn to fast-and-loose endeavours, be they legal or not. Property flipping; Grow ops; Loan sharking; Gambling; Smuggling; Stock trading…. anything where the potential rewards are disproportionally large compared to the labour involved”.

        welcome to the vreaa rush to judgment web blog.
        This woman could have been shot in a road rage attack.
        HTF do you know?
        Always the classy one vreaa

      • “this has altered thinking and behaviours in an unhealthy fashion”

        Perhaps this is true but it may simply be plus ca change. Like foreign real estate investors, the assumption that a recent and marked increase in black/grey market activities is adversely contributing to the social fabric requires further study. Though I’m not looking for it in any structured way, a breakdown in lawlessness isn’t being thrust upon me any more than I would have expected a decade ago (attempting to account for my increased nervousness in public venues as I age).

      • We’ve already said this isn’t about any kind of judgment regarding the deceased.
        That aside, please note that Kim Boland, the Vancouver Sun reporter, has stated:
        “I have no doubt there must be some link to organized crime. I have heard she had involvement in grow-ops.”, and,
        “Police say it was targeted.”

        “Road rage attack” is well down the list of probabilities.

      • you’re all racists – buy now.

        -rusty

  7. “Honest pay is too meagre; quick profits from whatever source are too attractive. Citizens who work hard for conventional wages are considered suckers. People are drawn to fast-and-loose endeavours, be they legal or not. Property flipping; Grow ops; Loan sharking; Gambling; Smuggling; Stock trading…. anything where the potential rewards are disproportionally large compared to the labour involved.
    Our economy has been juiced by massive amounts of debt, with abnormally large amounts of money released into the economy through the speculative mania in housing. This has caused alterations in behaviour that are deleterious for the long term health of our society.”

    VREAA – excellent summary of the situation. Bubbles undermine the fabric of society.

    • of all those (ppty flipping, etc.), only grow ops is net creative at societal level. suggest the very high tax burden is another factor behind the diversion into net non-productive activities. yet another disincentive to create and follow the rules. meanwhile, in a place like hk, people seem to have done interesting things with tiny dot of land and zero natural resources (gdp comparable to bc).

      • Singapore is an even better example.

        These are city-states (HK essentially still is) that were built on international trade. Modern day Venices.

  8. It’s an oblique relation but for some reason this post made me think of The Suburbs by Arcade Fire (great song):

    In the suburbs I
    I learned to drive
    And you told me we’d never survive
    Grab your mother’s keys we’re leavin’

    You always seemed so sure
    That one day we’d fighting
    In a suburban world
    your part of town against mine
    I saw you standin’ on the opposite shore
    But by the time the first bombs fell
    We were already bored
    We were already, already bored

    Sometimes I can’t believe it
    I’m movin’ past the feeling
    Sometimes I can’t believe it
    I’m movin’ past the feeling again

    Kids wanna be so hard
    But in my dreams we’re still screamin’ and runnin’ through the yard
    And all of the walls that they built in the seventies finally fall
    And all of the houses they build in the seventies finally fall
    Meant nothin’ at all
    Meant nothin’ at all
    It meant nothin

    Sometimes I can’t believe it
    I’m movin’ past the feeling
    Sometimes I can’t believe it
    I’m movin’ past the feeling and into the night

    So can you understand?
    Why I want a daughter while I’m still young
    I wanna hold her hand
    And show her some beauty
    Before this damage is done

    But if it’s too much to ask, it’s too much to ask
    Then send me a son

    Under the overpass
    In the parking lot we’re still waiting
    It’s already passed
    So move your feet from hot pavement and into the grass
    Cause it’s already passed
    It’s already, already passed!

    Sometimes I can’t believe it
    I’m movin’ past the feeling
    Sometimes I can’t believe it
    I’m movin’ past the feeling again

    I’m movin’ past the feeling
    I’m movin’ past the feeling

    In my dreams we’re still screamin’
    We’re still screamin’
    We’re still screamin’

  9. 4SlicesofCheese

    It would be interesting to see which bank is involved in this mortgage ( if there was one to begin with). I honestly wonder what her “businessman” husbands business is.

  10. I think there was an anecdote about 3 years ago (here or on one of the other blogs) about a software engineer that qualified for a $1.2 million condo (or $1.5 million?) with minimum downpayment.
    So people with honest pay can afford to buy. 😉

    • 4SlicesofCheese

      “Vu also is listed as the owner of a property in the 4900-block Manor Street in Vancouver.”

      Very well off hairdresser.

  11. Leave it to formula1 to try and take the moral high ground. Think before you spew the drivel you write, think!

    Way to be the outraged humanitarian, give up the political correctness; no one is buying your drivel.

    • you’re just a goddamn bigot.

      didn’t you know the railway was built to ship trade from asia to the east coast faster??

      come on, learn your own history.

      [Note to Burt: derp should add “/sarcasm”. -ed.]

  12. Even more RE references in this case (isn’t this simply ridiculous?):

    “Neighbour Frank Brick said Vu moved into the neighbourhood a couple of years ago with her new husband. “They did a big reno on the house when they moved, and that house was only six years old,” Brick said.
    – from ‘Police Identify Vancouver Woman Shot In Front Of Toddler’, cbc.ca, via Huffington Post 15 Dec 2011

    • if interest rates were at normal, historic average levels, eg: 8-12%

      and cannabis was legalized

      and immigration brought down to normal historic average levels of around 100k per year

      we might get to experience sanity in our own city again.

      needless to say, i am not optimistic – all of this would require the following:

      a) an enormous amount of political will
      b) common sense
      c) foresight
      d) disinterested establishment
      e) nationalist establishment

      etc. etc.

      • derp -> Get a grip, you’re becoming a cheerleader. 😉
        Absolute interest rates are not the vital issue, rates of change of interest rates are. Shrinking rates = ‘virtuous cycle’; Expanding rates = ‘vicious cycle’ (even at rates a lot lower than 8%).
        Pot income only small direct influence.
        In-migration is pretty ordinary.
        The bubble will start deflating without any changes in these factors… and once it starts the deflation will self perpetuate.

      • Don’t worry, when Canada’s economy crashes, immigration numbers will plummet.

        As for interest rates 8-10%, not for another few decades (see Japan).

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