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Professor Shark posted:Haha they want Chinese "specialists", aka slave labor, and are also warning us that our hesitancy to irrecoverably destroy our environment is going to make us lose out, because that's how natural resources work. It's like a fuckin' Deadwood episode.
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# ? Sep 18, 2014 00:06 |
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# ? Jun 1, 2024 05:43 |
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special skills like "will work for nothing" and "will allow me to shack them up 4 to a room and charge them each $500/month for the privilege"
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# ? Sep 18, 2014 00:07 |
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I take back everything I said earlier, that op-ed is quite the demonstration of international business genius.
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# ? Sep 18, 2014 00:18 |
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hahahahah
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# ? Sep 18, 2014 00:39 |
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https://businessincanada.com/2014/09/17/canada-housing-bubble-china-corruption-crackdown/quote:
quote:
Here's the FT article cited by Lucas Kawa: http://www.ft.com/intl/cms/s/0/6ec199d0-3cc5-11e4-871d-00144feabdc0.html?siteedition=intl#axzz3DUITVb3y quote:The anti-corruption campaign which has swept across China in the last two years has gone global, as Beijing seeks to enlist the help of western democratic governments in pursuing officials who flee overseas. namaste friends fucked around with this message at 00:52 on Sep 18, 2014 |
# ? Sep 18, 2014 00:46 |
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Meanwhile in the UK. http://blogs.wsj.com/moneybeat/2014/09/17/the-boes-understandable-split/?mod=WSJBlog quote:It shouldn’t be surprising that the Bank of England’s Monetary Policy Committee is split on interest rates–the U.K.’s economic data are telling divergent stories. quote:The questions confronting the BOE are: how much labor market slack remains, and how quickly will wages start to move higher as that slack is absorbed?
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# ? Sep 18, 2014 01:07 |
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Cultural Imperial posted:Meanwhile in the UK. All this chart shows is that you'd be stupid not to buy now it's your only chance you don't want to miss it
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# ? Sep 18, 2014 03:33 |
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Grand Theft Autobot posted:All this chart shows is that you'd be stupid not to buy now it's your only chance you don't want to miss it I have two friends in London who have bought in the last month. One friend is on the verge of buying. I have one friend in Melbourne who's on the verge of buying. In my circle of friends, I am the lone loser who rents.
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# ? Sep 18, 2014 03:39 |
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Cultural Imperial posted:I have two friends in London who have bought in the last month. One friend is on the verge of buying. I have one friend in Melbourne who's on the verge of buying. Jeez, what's keeping you from growing up? Don't you want to be an adult. Just trying to relive your college days forever?
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# ? Sep 18, 2014 03:58 |
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Bip Roberts posted:Jeez, what's keeping you from growing up? Don't you want to be an adult. Just trying to relive your college days forever? When you have kids you'll want the extra space, because human babies and children are much larger than human adults.
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# ? Sep 18, 2014 04:05 |
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I guess that's a cultural thing that kids=need a big house. Maybe because I mostly hang out with fellow working class people, but all the parents I know rent, often just 1-2 br apartments. You get a room, you kid or two get a room. What more space do you need? I mean more space is awesome but it's certainly not essential. Hell my wife grew up in 1br or even bachelor units along with her two parents, turned out fine.
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# ? Sep 18, 2014 18:30 |
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Baronjutter posted:I guess that's a cultural thing that kids=need a big house. Maybe because I mostly hang out with fellow working class people, but all the parents I know rent, often just 1-2 br apartments. You get a room, you kid or two get a room. What more space do you need? I mean more space is awesome but it's certainly not essential. Hell my wife grew up in 1br or even bachelor units along with her two parents, turned out fine. This is actually causing severe, severe strain on families on assistance in BC and has for decades. Welfare rules state that children can't share a room with their parents, and children of different genders can't share a room either, oh and parents can't sleep in the living room. So if you're a single mother with a daughter and a son, trying to survive on assistance, you're up poo poo creek trying to find a 3 bedroom to rent on the laughable amount they give you to "live".
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# ? Sep 18, 2014 18:39 |
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What the gently caress, this very recent and suburban ideas of how much space kids need is a god drat law?? I'm sure some well meaning ignorant pushed for it back in the day to ensure kids weren't living in what they considered slums. Why can't mom convert the living/common room into her bedroom? That was the norm in eastern europe, 2br was a luxury only for the rich or connected or big families. If you had a kid you'd make the bedroom the kid's bedroom, and get a little room divider and a sofa that converts to a bed. There's a lot of poo poo like this that got entrenched into law post-war. It was all in the same of slum-clearing and suburbanizing the cities. Raising a kid anywhere other than a suburban cul de sac is basically child abuse and parking is a human right.
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# ? Sep 18, 2014 19:15 |
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When I was younger my brother, sister and I had to share a room and the room didn't even have a window.
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# ? Sep 18, 2014 20:01 |
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Rime posted:This is actually causing severe, severe strain on families on assistance in BC and has for decades. Welfare rules state that children can't share a room with their parents, and children of different genders can't share a room either, oh and parents can't sleep in the living room. So if you're a single mother with a daughter and a son, trying to survive on assistance, you're up poo poo creek trying to find a 3 bedroom to rent on the laughable amount they give you to "live". There's something strangely prurient about an insistence that sibling's sleeping areas have to be separated by gender.
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# ? Sep 18, 2014 20:22 |
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GhostofJohnMuir posted:There's something strangely prurient about an insistence that sibling's sleeping areas have to be separated by gender. Indeed. I winced when I read that.
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# ? Sep 18, 2014 20:31 |
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The Bank Of Canada Thinks There’s A Massive Amount Of Discouraged Workersquote:When Bank of Canada Governor Stephen Poloz held a press conference on Tuesday, there was one remark in particular that stood out: the rather elevated number of Canadians he believes have left the labour force because they’re discouraged. Yeah. Strong and stable economy.
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# ? Sep 18, 2014 21:25 |
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OSI bean dip posted:The Bank Of Canada Thinks There’s A Massive Amount Of Discouraged Workers Maybe these youths should just work harder and get rich, back in my day we didn't have none of this discouraged business
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# ? Sep 18, 2014 21:54 |
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OSI bean dip posted:The Bank Of Canada Thinks There’s A Massive Amount Of Discouraged Workers Can they buy houses? No? Then who gives a gently caress?
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# ? Sep 18, 2014 22:02 |
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Grand Theft Autobot posted:Can they buy houses? No? Everyone who views their house as their retirement fund should, that's for drat sure.
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# ? Sep 18, 2014 22:12 |
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Grand Theft Autobot posted:Can they buy houses? No? Well, this is an important indicator of the health of the economy. If young workers can find jobs, it sets their careers back by years. This in turn will exacerbate the decline of the economy as the boomers literally die off.
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# ? Sep 18, 2014 22:14 |
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Rime posted:Everyone who views their house as their retirement fund should, that's for drat sure. "I think you are drawing a line between two unrelated things." -
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# ? Sep 18, 2014 22:16 |
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Rime posted:Everyone who views their house as their retirement fund should, that's for drat sure. Cultural Imperial posted:Well, this is an important indicator of the health of the economy. If young workers can find jobs, it sets their careers back by years. This in turn will exacerbate the decline of the economy as the boomers literally die off.
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# ? Sep 18, 2014 22:38 |
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OSI bean dip posted:The Bank Of Canada Thinks There’s A Massive Amount Of Discouraged Workers
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# ? Sep 18, 2014 22:39 |
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melon cat posted:I don't understand the term 'withdrawing from the workforce'. Does it mean that they quit their jobs and are just chronically-unemployed? Or are they underemployed? They said gently caress it, stopped looking and went on welfare / moved back in with mom and dad. Since they're not actively looking for work, or haven't worked in over six months, they're no longer considered part of the active workforce. They don't count toward unemployment statistics
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# ? Sep 18, 2014 22:41 |
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FrozenVent posted:They don't count toward unemployment statistics Heeheehee
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# ? Sep 18, 2014 23:13 |
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Rime posted:This is actually causing severe, severe strain on families on assistance in BC and has for decades. Welfare rules state that children can't share a room with their parents, and children of different genders can't share a room either, oh and parents can't sleep in the living room. So if you're a single mother with a daughter and a son, trying to survive on assistance, you're up poo poo creek trying to find a 3 bedroom to rent on the laughable amount they give you to "live". Most nations around the world can survive in house with fewer than 3 bedrooms. I hate how Canadians think were "above" that. http://inhabitat.com/how-big-is-your-home-see-how-your-space-compares-to-those-around-the-world/
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# ? Sep 19, 2014 18:31 |
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Just browsing Reddit, came across this winner: http://www.reddit.com/r/PersonalFinanceCanada/comments/2gvl6c/bought_a_newly_built_home_been_there_2_months/ quote:Hi i recently bought a house with 5% down. Ive lived there for 2 months and i just got laid off from work. I can't afford to pay for the place at the moment so I plan on moving into my parents place until i can find another job. The bank gave this guy a mortgage?
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# ? Sep 19, 2014 19:38 |
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https://www.youtube.com/watch?v=MbzUPjc0N_g Notice the age of the commercial: May 2012. They're playing the poo poo out of this on City, CTV, and Global in Vancouver right now. It's a mediocre building--so mediocre that it looks similar to its neighbouring building, a social housing project.
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# ? Sep 19, 2014 19:58 |
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peter banana posted:Most nations around the world can survive in house with fewer than 3 bedrooms. I hate how Canadians think were "above" that. I mean, we had to flout the law sometimes growing up out of necessity and just pray that Welfare didn't decide we were due for a "random" inspection (they can do this, they'll assess the value of your possessions as well). The stresses that the system gleefully imposes on people like my poor mother are entirely non-conducive to getting people off welfare. Rime fucked around with this message at 20:24 on Sep 19, 2014 |
# ? Sep 19, 2014 20:20 |
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gotta waste taxpayer money aggressively making sure no one is gaming the system
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# ? Sep 19, 2014 20:22 |
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https://twitter.com/LJKawa/status/513049360087523328 Evan Siddall - Genius http://www.cmhc.ca/en/corp/nero/sp/2014/2014-09-19-1400.cfm?WT.cg_n=TWT_COR2 If you guys don't already do so, I suggest following Luke Kawa. He's my second favorite econ related twitterer after Ben Rabidoux. If you can tolerate his baseball tweeting.
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# ? Sep 19, 2014 20:40 |
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Yeah, he's good. Took me a while to take him seriously due to the stupid-frat-boy-bro look he cultivates in his avatar.
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# ? Sep 19, 2014 21:04 |
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Yay like the 6th condo project in the last year has gone bankrupt or simply vanished or tried to gently caress us on billing. This never used to happen. Booming healthy construction industry! christ if it's not a company I recognise and we've done lots of work with in the past we should ask for half up front or something. I guess we're only out a couple thousand, a lot of contractors we know are out tens or hundreds of thousands.
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# ? Sep 19, 2014 23:14 |
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For posterity, do you mind listing these companies, baronjutter? Calling it now: 2015 will be a bloodbath.
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# ? Sep 19, 2014 23:18 |
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Baronjutter posted:Yay like the 6th condo project in the last year has gone bankrupt or simply vanished or tried to gently caress us on billing. This never used to happen. Booming healthy construction industry! christ if it's not a company I recognise and we've done lots of work with in the past we should ask for half up front or something. I guess we're only out a couple thousand, a lot of contractors we know are out tens or hundreds of thousands. Victoria right? I was there recently - was checking out real estate ads and the pricing on condo units is really hilariously expensive. Complete divorce from local incomes.
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# ? Sep 19, 2014 23:43 |
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Wouldn't it make sense to have reasonably priced rents for everyone instead of home price speculation?
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# ? Sep 20, 2014 00:02 |
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I think we've got some sort of legal stuff going with some of them, and some have promised to pay once they've "sorted out" their finances so my boss probably doesn't want me bad-mouthing any of our clients or ex-clients, he's really paranoid that way. Victoria apparently has a higher average income than Vancouver. Lot of rich retired people and government workers here. There's just nothing in the middle. It's either work at a restaurant or in tourism for minimum wage, or be some minister's aid for 100k+. The high income jobs are never ever locals either, it's people from all over Canada who worked their way up some career ladder to finally get a transfer to Victoria. All the condos are being bought by those people or retired people. Every 60ish rich person from Toronto aparently wants to buy in a brand new tower in Victoria to "get away from all the construction and skyscrapers in Toronto" and once their condo in Victoria is done they instantly join some neighbourhood group dedicated to blocking all other new construction, usually saying how much they spent to move here from Toronto to avoid such things and thus Victoria must never change because it's what they bought into. Like I'm not at all joking, I've heard in city council public hearings over development people literally say poo poo like "We paid a premium on our condo and moving to Victoria to buy a certain lifestyle and now it's under attack by developers!" while living in a condo that just went up that year, that previously was protested by people just like them that had moved there a few years earlier. But yeah, people actually think the high price they paid for their Victoria condo entitles them to a city that never changes and a view that is protected forever, even if it's just phase 3 of the same development they bought into. Also laughing so hard at my friend's ex who was really controlling over finances and thought him self a financial expert and would drop hints that she didn't have her finances together because she was "still" renting lost about 60k when he sold his condo after 4 years.
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# ? Sep 20, 2014 00:03 |
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etalian posted:Wouldn't it make sense to have reasonably priced rents for everyone instead of home price speculation? No because only losers rent.
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# ? Sep 20, 2014 00:08 |
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# ? Jun 1, 2024 05:43 |
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Cultural Imperial posted:No because only losers rent. This is such a ridiculously strong cultural meme or what ever. Not to give too many stupid Victoria anecdotes, but it's not just lovely realtors that push this line. I've heard many "poverty advocates" push this line as well. They want the government and city to do more to make ownership possible for the poor and needy. They'll come right out and saying "trapping" the poor in rental situations is keeping them in poverty because they can't build equity. And tons of people eat that poo poo up. "We need to build affordable houses and stratas so people of all income levels can have the pride of ownership and build equity rather than being trapped throwing all their money away on rent". They paint renting the same as payday loans or other horrible financial poo poo that keeps the poor poor. It has a lot of traction and I'll hear politicians and people passionate about "affordable housing" talk about it. Like subsidized rentals and such are just a stop-gap to get people off the streets, but ideally we'd be subsidizing condos for these people. I mean you're not a real Canadian if you rent, how can you have any pride or dignity if you're over 30 and renting?? I'd be absolutely terrified if this started to become actual policy. In some ways it has, there's all sorts of weird subsidies and tax breaks the city offers developers if they have X amount of "affordable" condos. So in a way the government is trying to directly subsidies ownership. But all it results in is a couple 400sqft condos that are 150k instead of 180k and some councilors pat them selves on the back for providing affordable housing.
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# ? Sep 20, 2014 00:18 |