Cultural Imperial posted:Hookshot, you need to take up downhill mtn biking.
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# ? Nov 26, 2013 05:07 |
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# ? May 11, 2024 16:01 |
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Baronjutter posted:I don't understand how people don't even do the most basic of research. This isn't picking a printer cable brand or something, these are the biggest purchases you'll make in your life and people can't be bothered to google "condo prices after Olympics" let alone listen to people actually telling them? Christ it's up there with people who just walk onto a dealership and buy the car they thinks looks cool without reading any consumer reports or lemonaid guide or gently caress off anything. The party line shoved down everyone's throats leading up to the event was "The olympics will be good for everyone! Magic money machine! Yaaaay!", to the extent that trying to point out salient examples such as the debt hell that Salt Lake is still in nearly twenty years later got you treated like a goddamn pariah.
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# ? Nov 26, 2013 05:49 |
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well you can't say no one made money right? sigh
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# ? Nov 26, 2013 07:30 |
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https://www.youtube.com/watch?v=sRIB1lk0N-c These are the people who live in Vancouver.
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# ? Nov 26, 2013 14:14 |
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"I own a boat, a Lamborghini and a 2 bedroom + den in Trump Tower" - said no fabulously wealthy person ever
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# ? Nov 26, 2013 14:49 |
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The most unrealistic aspects of that video are the youth and ethnicity. Like anyone young and white has that much money in Vancouver.
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# ? Nov 26, 2013 14:55 |
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Cultural Imperial posted:The most unrealistic aspects of that video are the youth and ethnicity. Like anyone young and white has that much money in Vancouver. The most unrealistic aspect of that video is biker chick using a katana in a cocktail party.
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# ? Nov 26, 2013 16:37 |
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Odddzy posted:The most unrealistic aspect of that video is biker chick using a katana in a cocktail party. no that happens a lot here. bdsm/cosplay conventions at bc place.
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# ? Nov 26, 2013 17:35 |
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It's not loving raining at any point in the video, and the sliced off wine bottle neck is magically reattached when the wine is poured. COME ON! Details, Trump.
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# ? Nov 26, 2013 17:41 |
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Cultural Imperial posted:The most unrealistic aspects of that video are the youth and ethnicity. Like anyone young and white has that much money in Vancouver. I don't know, they look pretty important. I wonder if that Trump Tower will be as much of a massive failure as the one in Toronto.
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# ? Nov 26, 2013 17:43 |
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An 80% vacant condo must feel weird and cavernous.
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# ? Nov 26, 2013 18:37 |
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"Trump" as a luxury brand/mark is rather bizarre to me, given that it's the last name of a guy most people associate with crassness, birtherism, wind farm FUD, and financial ineptitude. I'd be prepared to pay a premium to not live in his building.
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# ? Nov 26, 2013 18:40 |
bathroom sounds posted:An 80% vacant condo must feel weird and cavernous. But yeah I imagine most of the people left who respect Donald Trump are the ones who will never have any money and respect the fact that he does in that weird way that they also vote Conservative for when they will be rich.
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# ? Nov 26, 2013 19:00 |
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Most trump projects have absolutely nothing to do with the "man" anyways. They just buy the "Trump" naming rights to slap on their project. Yes, people are actually paying money for nothing more than the trump name, to put on their luxury development. I could see with his ego if he was paying for the building he'd demand his name on it in GOLD but the dude doesn't actually have money to build anything and he makes most all his money on naming rights these days.
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# ? Nov 26, 2013 19:06 |
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Baronjutter posted:Most trump projects have absolutely nothing to do with the "man" anyways. They just buy the "Trump" naming rights to slap on their project. Case in point: You can buy Trump mattresses. I know because I have one. Am I a millionaire? No, the Trump mattress is an average consumer level product that uses his brand.
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# ? Nov 26, 2013 19:27 |
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Ewww.
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# ? Nov 26, 2013 21:13 |
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Lexicon posted:"Trump" as a luxury brand/mark is rather bizarre to me, given that it's the last name of a guy most people associate with crassness, birtherism, wind farm FUD, and financial ineptitude. I'd be prepared to pay a premium to not live in his building. Oh so much this. I wonder if he has any idea on how much he has done to damage his brand over the past 6 years.
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# ? Nov 27, 2013 01:25 |
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My parents are very close to spending around a million dollars on a house in Steveston. They're currently renting and have done so since they sold their burnaby home in 2011. Despite my conversations with my parents about the state of the housing market, the isolation of living in Steveston, my dad is overly enthused about buying this home. I'm convinced it's because he's a hoarder and he hates the diminished floor space of their 900 Sq ft potemkin village apt. A loving Million dollars to live in Steveston. loving kill me now. The loving house is 1700 soft.
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# ? Nov 27, 2013 02:17 |
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On the plus side, you will get to remind your parents of this mistake every day after they move in with you!
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# ? Nov 27, 2013 20:20 |
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How does it feel to see your inheritance being tossed into the wind?
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# ? Nov 27, 2013 22:09 |
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Rime posted:How does it feel to see your inheritance being tossed into the wind? Let's not kid ourselves. They're going to need every cent of that poo poo to live out their retirement based on the probable returns with any kind of wealth manager.
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# ? Nov 27, 2013 22:10 |
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French Canadian posted:On the plus side, you will get to remind your parents of this mistake every day after they move in with you!
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# ? Nov 27, 2013 22:12 |
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Cultural Imperial posted:Let's not kid ourselves. They're going to need every cent of that poo poo to live out their retirement based on the probable returns with any kind of wealth manager. $1M invested wisely in a diverse portfolio without a leech advisor suckling off it would spin off a very nice income stream with pretty low tax. Hope it's a nice house.
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# ? Nov 27, 2013 22:21 |
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From the National Post: According to the IMF, Canada has the most overvalued housing market in the world Accompanying picture: They also suggested we wind down the CMHC: quote:The International Monetary Fund says Canada is exposing itself to risk by insuring mortgages through the Canada Mortgage and Housing Corporation and recommends scaling back the federal housing agency.
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# ? Nov 27, 2013 22:27 |
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Remember back in the 90s when people were protesting 'globalization' and the world bank the the IMF? I predict we'll see violent marches by hordes of canadian REALTORS (TM)demanding that Christine Lagarde step down for her crimes against canada.
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# ? Nov 27, 2013 23:11 |
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I'm a huge fan of Paul Krugman but not so much Larry Summers. An opinion published by Summers wouldn't normally garner my attention by Krugman talks about it and I found it interesting. http://krugman.blogs.nytimes.com/2013/11/16/secular-stagnation-coalmines-bubbles-and-larry-summers/?src=xpsquote:Secular Stagnation, Coalmines, Bubbles, and Larry Summers The idea that's blowing my mind, maybe the housing bubble in Canada isn't really a bad thing? Inflation is low, the boomers are getting old and the population is declining if you factor out all of the investment class immigrants. Maybe building lovely condos is really paying for all the government services that we want? namaste friends fucked around with this message at 23:32 on Nov 27, 2013 |
# ? Nov 27, 2013 23:24 |
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Cultural Imperial posted:Maybe building lovely condos is really paying for all the government services that we want? Other, much better, options abound. If we turned around tomorrow and nationalized every oil company operating in Alberta, ala Norway, we'd be able to finance government services right out through the upcoming strain of dying boomers and ensure a soft landing as the population of the country settles. After all, unlike lovely condos, Oil is a finite resource that is only going to increase in price up until it goes poof.
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# ? Nov 28, 2013 00:21 |
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Rime posted:Other, much better, options abound. If we turned around tomorrow and nationalized every oil company operating in Alberta, ala Norway, we'd be able to finance government services right out through the upcoming strain of dying boomers and ensure a soft landing as the population of the country settles. I think Krugman and Summers have a much better idea, that is to implement negative interest rates. How much cash is say, Suncor or Encana holding? Or loving Enbridge?
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# ? Nov 28, 2013 00:34 |
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Cultural Imperial posted:I think Krugman and Summers have a much better idea, that is to implement negative interest rates. How much cash is say, Suncor or Encana holding? Or loving Enbridge? $18 Trillion in proven reserves, based on today's list price of $111/bbl (a price which is only going to go up), and the already-in-place infrastructure to suck it out. That wouldn't finance medicare and CPP through the next thirty years of a tax base in free fall? Rime fucked around with this message at 00:47 on Nov 28, 2013 |
# ? Nov 28, 2013 00:45 |
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Conclusions from that IMF report referenced by everyone's favorite hab: http://www.imf.org/external/np/ms/2013/112613.htm quote:
What? You mean people with 60k/year incomes shouldn't be buying 400k condos?
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# ? Nov 28, 2013 01:51 |
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Rime posted:$18 Trillion in proven reserves, based on today's list price of $111/bbl (a price which is only going to go up), and the already-in-place infrastructure to suck it out. That wouldn't finance medicare and CPP through the next thirty years of a tax base in free fall? $111/bbl is the pricing of Brent Crude which is not what our oil is sold for. The oil coming out of Alberta is selling way lower than that and WTI due to limited pipeline/export capacity and the U.S shale boom. I live in Coquitlam, which is about 30 minutes away from Vancouver, and just in the past few years 5 apartment towers have gone up. There are 3 more currently under construction within 3 blocks that cost $280k for 600 square feet...
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# ? Nov 28, 2013 03:52 |
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Mr.Shadow posted:$111/bbl is the pricing of Brent Crude which is not what our oil is sold for. The oil coming out of Alberta is selling way lower than that and WTI due to limited pipeline/export capacity and the U.S shale boom. At least those have the excuse of soon being on a skytrain line. The one on Austin and Blue Mountain defies explanation.
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# ? Nov 28, 2013 04:36 |
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http://m.theglobeandmail.com/report-on-business/toronto-condo-rents-look-poised-to-fall-report-shows/article15652306/?service=mobile Rents in Toronto are expected to fall.
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# ? Nov 28, 2013 22:05 |
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http://www.piquenewsmagazine.com/whistler/rmow-to-investigate-illegal-rental-properties/Content?oid=2519448quote:A local accommodation property owner is speaking out against alleged illegal nightly rental units in the resort, and is asking the municipality to take action. my property value I see Madeleine Hamilton is also getting a crash course in microeconomics.
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# ? Nov 29, 2013 19:05 |
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Cultural Imperial posted:http://www.piquenewsmagazine.com/whistler/rmow-to-investigate-illegal-rental-properties/Content?oid=2519448 It really serves to underscore how things like "zoning" are nothing more than an economic supply/demand regulator mechanism, though no one is keen to admit that. She invokes "safety and security" and you hear similar justification elsewhere ("green space", "safety", "commercial")... but it really is first and foremost an economic concern; i.e. preserving the capitalization rates of existing property owners.
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# ? Nov 29, 2013 19:26 |
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http://www.theglobeandmail.com/life...rticle15676047/ Yes good trick Kerry Gold. This way you get on the property ladder and you can ride it up to the infinite peak of capital appreciation.
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# ? Nov 30, 2013 00:39 |
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Lexicon posted:It really serves to underscore how things like "zoning" are nothing more than an economic supply/demand regulator mechanism, though no one is keen to admit that. She invokes "safety and security" and you hear similar justification elsewhere ("green space", "safety", "commercial")... but it really is first and foremost an economic concern; i.e. preserving the capitalization rates of existing property owners. And as a corollary, this is why I don't believe in 'induced demand' when it comes to traffic. If you build highways to ease congestion so that goods can move more easily, I don't think this necessarily means that people are going to buy cars to fill up the roads. Roads become congested when 1) the population is growing 2) they connect areas zoned for cheap residential homes with the rest of the city
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# ? Nov 30, 2013 00:43 |
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Cultural Imperial posted:And as a corollary, this is why I don't believe in 'induced demand' when it comes to traffic. If you build highways to ease congestion so that goods can move more easily, I don't think this necessarily means that people are going to buy cars to fill up the roads. Roads become congested when Woah I'd love to read your data on why you don't believe in induced demand, you could make big bux proving to urban and transport planners why they're wrong doing lecture tours.
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# ? Nov 30, 2013 00:58 |
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Are the illegal nightly rentals a bunch of airbnb properties that are destroying the market for her rental?
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# ? Nov 30, 2013 05:36 |
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# ? May 11, 2024 16:01 |
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What is even an "illegal nightly rental"? Maybe it's because I'm living in a country where zoning isn't the fundamental aspect of urban planning but I have no idea what the article is even talking about.
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# ? Nov 30, 2013 06:55 |