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Professor Shark posted:But what you said is ridiculous so why would talk about it? Actually he admitted he only votes Con because he has money tied up in Northern Gateway and other projects. FYGM, if you will. VVV: Yes? Did my typing stutter or something? Rime fucked around with this message at 15:51 on Jun 27, 2014 |
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Jun 27, 2014 15:38
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Rime posted:I'm sure the people who leap to the defence of the Chinese have just the most wonderful things to say about First Nations as well, behind closed doors of course. What the gently caress is this? Some kind of drive by implication that because I'm against racist generalizations of "foreigners" i'm racist against first nations?
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Jun 27, 2014 15:48
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Professor Shark posted:But what you said is ridiculous so why would talk about it? What's so ridiculous? It seems to be a common viewpoint in this thread that it's okay to hate people with money, especially if they've earned it in a way that you personally believe is unethical, or if they use it in ways you disagree with. When circumstances conspire such that a single, identifiable group is linked with this, it would seem to follow that it's then okay to hate that group, no? I don't subscribe to Marxist class-warfare bullshit to begin with, it just seems like certain instances of racism seem to follow naturally from it.
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Jun 27, 2014 16:15
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PT6A posted:What's so ridiculous? It seems to be a common viewpoint in this thread that it's okay to hate people with money, especially if they've earned it in a way that you personally believe is unethical, or if they use it in ways you disagree with. When circumstances conspire such that a single, identifiable group is linked with this, it would seem to follow that it's then okay to hate that group, no? I don't subscribe to Marxist class-warfare bullshit to begin with, it just seems like certain instances of racism seem to follow naturally from it. Even if many members of a particular racial or ethnic group tend to be wealthier than others, not all of them are (and often most are not, though people like to believe that this isn't the case because wealthy minorities tend to be more visible throughout history than the less wealthy or influential majority), so it's dumb to be racist against that group. Seriously, just change "money" to "crime" and ask yourself that question again.
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Jun 27, 2014 16:25
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on the left posted:Most people over 40-50 would have bought a house long enough ago to avoid the high prices, and i'd imagine that's a large enough share of the voting population of Canada to make a real difference I'm not entirely sure what you're arguing here; while I understand that's a sizeable voting block, that group largely votes against the interests of the poor who largely don't own their own homes, and so won't benefit from any sales to nearly the same scope as the individual owners will; further, if the new owners happen to be absentee or largely so, then the government also loses out on a lot of tax revenue, and local business loses consumer spending - something that with a large enough impact hurts the economy, and also the likelihood of the expansion of social programs by any government that is first and foremost concerned with economic wellbeing. All that being said I think the influence of foreign investors is largely overblown (I seem to recall a paper a while back that asserted that most sales were to other Canadians). My problem is the lack of regulation to keep housing from being treated as a commodity that one can speculate on given how illiquid it is. Throatwarbler posted:But all those people are individuals though, so gently caress them. How does the individual gain of these helots benefit the fatherland? it's cute how hard you routinely miss the point.
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Jun 27, 2014 16:25
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Rime posted:Actually he admitted he only votes Con because he has money tied up in Northern Gateway and other projects. FYGM, if you will. That actually makes a lot of sense. I guess we're all flakes for not understanding why the government is so great despite all the horrible poo poo they do, including giving him money.
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Jun 27, 2014 16:32
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gently caress you people with money Now OSFI, last week OECD, IMF, Bank of Canada - everybody talking about it, but will anybody do something? #canadaho…http://t.co/1DnL2aP4F9 namaste friends fucked around with this message at 16:38 on Jun 27, 2014 |
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Jun 27, 2014 16:35
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Cultural Imperial posted:
Flake. Try working for your money.
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Jun 27, 2014 16:41
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Professor Shark posted:Flake. Try working for your money. This, but unironically.
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Jun 27, 2014 16:42
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PT6A posted:This, but unironically. How long would you be able to live if your contract-by-contract work dried up?
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Jun 27, 2014 16:51
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Professor Shark posted:How long would you be able to live if your contract-by-contract work dried up? Depends how much I cut my spending, and how quickly I got another job. EDIT: The post you quoted was meant as a joke. If you take a lovely snipe at me, I'm going to take one right back at you.
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Jun 27, 2014 16:56
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Professor Shark posted:How long would you be able to live if your contract-by-contract work dried up? Oh dear. My-money-as-penis-length discussions are pointless, just like playing poker with imaginary money.
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Jun 27, 2014 16:57
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PT6A posted:Depends how much I cut my spending, and how quickly I got another job. I don't know what you're talking about, everyone uses the word "flake", but assuming you couldn't find work you wouldn't apply for EI, right?
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Jun 27, 2014 17:17
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Professor Shark posted:I don't know what you're talking about, everyone uses the word "flake", but assuming you couldn't find work you wouldn't apply for EI, right? I'm not eligible for EI as a result of not being an "employee", so, uh, no, I would not apply for EI.
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Jun 27, 2014 17:19
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RBC posted:What the gently caress is this? Some kind of drive by implication that because I'm against racist generalizations of "foreigners" i'm racist against first nations? Actually, Rime is psychic and knows everyone's intentions, veiled or not, at all times. It's a hard burden for him to carry, so be kind to him when he accuses people he never met before of racism and bigotry.
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Jun 27, 2014 17:57
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B-but it's so hard being white! Waaaaaagh!
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The difference between this thread and the comments section on Garth Turner's blog is getting smaller and smaller every day.
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Jun 27, 2014 20:06
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Saltin posted:The difference between this thread and the comments section on Garth Turner's blog is getting smaller and smaller every day. People get real mad about being priced out of the housing market, far more than for any other asset class.
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Jun 27, 2014 20:10
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PT6A posted:I'm not eligible for EI as a result of not being an "employee", so, uh, no, I would not apply for EI. drat, that must be terrifying. Welfare, then?
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Jun 27, 2014 21:26
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Professor Shark posted:drat, that must be terrifying. Welfare, then? Savings, investments, large assets (car, for one), property, in that order. If I can't find a job or figure out some other way to make money by the time those things dry up, I'd be pretty surprised. Or was your point that, because I already have money, it's irrelevant that I'm also working to make more money? If you want to say that, come right out and say it instead of beating around the bush. It's nonsensical, but it seems to be what you want to say so badly.
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Jun 27, 2014 21:30
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I have no idea what you're talking about in your second paragraph but the first one had p much what I was looking for thanks.
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Jun 27, 2014 21:37
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Professor Shark posted:I have no idea what you're talking about in your second paragraph but the first one had p much what I was looking for thanks. What insight are you hoping to achieve? Serious question.
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Jun 27, 2014 21:47
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I was just interested in what Pt6a would do if times got rough, particularly given his political views and job. Sell my poo poo basically, which to be fair would be most people's plan. Edit: Personally mine would be sell my house to someone else Professor Shark fucked around with this message at 22:25 on Jun 27, 2014 |
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Jun 27, 2014 22:16
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This thread is getting really terrible.
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Jun 28, 2014 05:22
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PT6A posted:I'm not eligible for EI as a result of not being an "employee", so, uh, no, I would not apply for EI. You can be, and you should probably look into that. And that's probably about as much as we need to be saying about PT6A's personal finances in the Canadian Housing Bubble thread.
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Jun 28, 2014 05:53
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This is true, but it doesn't cover run-of-the-mill unemployment (nor should it, because I'm not paying into the system). Part of the wonderful lifestyle I enjoy as a result of being my own boss is the fact that I know I have to cover my own retirement and, shall we say, lean periods. It's certainly a tradeoff, which is one of the reasons I caution people against doing what I'm doing without thinking about the consequences. Everyone looks at me jealously when I say I can get up at 9AM and have a leisurely start to the day, but they don't think about the hours I spend doing the books, or the lack of EI, or the incomparable joy of paying for my own dental work. Right now, I wouldn't have it any other way, but it's not all sunshine and daisies. I agree this is straying fairly far away from Housing Chat, so I'll leave it at that.
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Jun 28, 2014 06:26
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https://twitter.com/hmacbe/status/482524443848081409 this is why we can't have nice things  At least we can borrow money to pay off that car loan
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Jun 28, 2014 06:33
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PT6A posted:Everyone looks at me jealously when I say I can get up at 9AM and have a leisurely start to the day At my company most (software) engineers come in between 10 and 11.
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Jun 28, 2014 23:32
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blah_blah posted:At my company most (software) engineers come in between 10 and 11. Yeah, but this industry is far from the norm.
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Jun 29, 2014 00:29
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Lexicon posted:Yeah, but this industry is far from the norm. He's in IT though.
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Jun 29, 2014 05:23
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It's employer-dependent, though. I know people in the industry who have to be at work at 5AM, too. Focusing on the details is silly, though, because the freedom I can afford myself as a result of being self-employed doesn't only apply to one aspect of my life or schedule. The point is that the increased freedom, in all its wonderful forms, comes with increased risk, so it's a tradeoff.
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Jun 29, 2014 05:36
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blah_blah posted:He's in IT though. I'm aware
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Jun 29, 2014 06:23
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Cultural Imperial posted:https://twitter.com/hmacbe/status/482524443848081409 Does that say Canadian real estate is wildly overpriced or that rent controls have the effect of wildly disconnecting rent from the real cost of living, given that we're not way out of whack with some of the other economies on value to income metrics? I don't know the answer, it's an honest question. I Am NOT COMMENTING ON THE MERITS OF RENT CONTROLS so let's not start that derail.. BC's rent control policy specifically is more restrictive than say Ontario. In the former rents are at ridiculously disconnected multiples of value (the place I live in has a mortgage payment probably double what I pay in rent), while in Toronto, it's still possible to rent a downtown condo out for more than your mortgage payment PLUS condo fees, depending on the property. Basically trying to turn the argument on its head by saying what if it's rents being too low rather than values being too high.
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Jun 29, 2014 17:39
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Rent being too low is laughable. Who could afford the rent if it was on par with the price of purchase? Wasn't it just posted that the median household income in Vancouver is around 60k?
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Jun 29, 2014 17:46
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Kalenn Istarion posted:Basically trying to turn the argument on its head by saying what if it's rents being too low rather than values being too high. Then you would have to be saying having one of the highest price-to-income ratio in the world is somehow normal. Or, you'd have to be arguing that paying $2250/mo for a 450sq/ft bachelor in
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Jun 29, 2014 17:48
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Kalenn Istarion posted:Does that say Canadian real estate is wildly overpriced or that rent controls have the effect of wildly disconnecting rent from the real cost of living, given that we're not way out of whack with some of the other economies on value to income metrics? I don't know the answer, it's an honest question. I Am NOT COMMENTING ON THE MERITS OF RENT CONTROLS so let's not start that derail.. Rent controls are completely meaningless in B.C., since owners are allowed to change the rent as much as they want at the end of a tenancy, and the average duration of tenancy is around two years. Not to mention in the meantime they can increase rent in line with CPI, so whatever small lag in rents between changes in occupancy are nearly negligible. Permitted rent increases in 2012 were 4.3%, while actual increases were almost half that. Rents aren't going up much in Vancouver because that's the support level being dictated by actual economics. Honestly dude, you seem to be carrying some opinions based on a lot of misinformation, like wildly underestimating the price/income ratios. I know you work at a bank or whatever, but maybe you should try even a cursory bit research to get a handle on the easy-to-find facts.
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Jun 29, 2014 17:59
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Franks Happy Place posted:Rent controls are completely meaningless in B.C., since owners are allowed to change the rent as much as they want at the end of a tenancy, and the average duration of tenancy is around two years. Not to mention in the meantime they can increase rent in line with CPI, so whatever small lag in rents between changes in occupancy are nearly negligible. Permitted rent increases in 2012 were 4.3%, while actual increases were almost half that. Rents aren't going up much in Vancouver because that's the support level being dictated by actual economics. I worked in a part of the bank that pays zero attention to residential real estate drivers and ate up a significant portion of my time reading about things that had nothing to do with the content of this thread. Part of why I continue to pop up here is that I'm trying to educate myself about perspectives outside of the one I personally hold. I tend to learn more through debate, poking holes in other ideas and having holes poked in mine, than I do from aimlessly trolling the internet. Hopefully I've made up for it somewhat with my contributions on market mechanics but I'm aware of how some of that will have been lost in my other (poo poo)posts.
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Jun 29, 2014 18:53
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^^ Exactly right. Rent is paid with income (which for Vancouver, isn't great) not credit.
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Jun 29, 2014 18:59
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Kalenn Istarion posted:I worked in a part of the bank that pays zero attention to residential real estate drivers and ate up a significant portion of my time reading about things that had nothing to do with the content of this thread. Part of why I continue to pop up here is that I'm trying to educate myself about perspectives outside of the one I personally hold. I tend to learn more through debate, poking holes in other ideas and having holes poked in mine, than I do from aimlessly trolling the internet. Hopefully I've made up for it somewhat with my contributions on market mechanics but I'm aware of how some of that will have been lost in my other (poo poo)posts. Fair enough, I'll approach your posts in the same spirit. 
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Jun 29, 2014 21:33
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opps, group tab takes getting used to.
Femur fucked around with this message at 23:55 on Jun 29, 2014 |
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Jun 29, 2014 23:21
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This is a speech given by the head of CMHC at the Canadian Home Builders Association conference: http://www.cmhc-schl.gc.ca/en/corp/nero/sp/2014/2014-04-04-1155.cfm?WT.cg_n=TWT_COR2 An interesting read. I haven't come close to digesting it yet.
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