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I never had an issue with people in Vancouver, although I was a grad student for most of my time there. It might be different if you roll with the Yaletown yuppie crowd or whatever. I would say that I've found people in large US cities to be less friendly than people in Vancouver on average.
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Sep 22, 2014 02:33
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Grand Theft Autobot posted:If it makes you feel any better, here's an advertisement from Minneapolis: Downright modest and understated compared to Trump Vancouver https://www.youtube.com/watch?v=sRIB1lk0N-c Although the people who buy in Trump will be multi-millionares who live like that. But they will all be either Chinese or Saudi. My wife works across the street at a similar hotel and gets rolexes etc as tips. It's so bizarre.
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Sep 22, 2014 02:36
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Dr. Witherbone posted:I've never understood the "vancouver's full of assholes" meme. All I can judge strangers by is basic civility/manners (apologizing if they bump into you accidentally, holding doors, making polite chit chat etc) and they pass that. Goddamn If you drive or bike, that is the quickest way to descend to the depths of uncontrollable rage. My mind is constantly blown whenever I hear drivers honking at others to hurry up and make their left turns into traffic. I can't even loving remember the last time I saw a car stop at a crosswalk for a pedestrian. My partner and I were crossing the street ON A loving WALK SIGN and almost got run over by some baby boomer rear end in a top hat. The kicker is that the second baby boomer rear end in a top hat behind him honked at us to get out of his way. My building put up a white board in the lobby so that people could leave each other messages to fost 'community'. They had to take it down after a couple months because of all the snarky anonymous messages.
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Sep 22, 2014 02:37
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The whiteys are racist, the asians are just as racist, and everyone is a shallow rear end in a top hat aside from the dwindling "Canadian civility". Spending time outside the lower mainland this summer really made me realize what a poo poo place this town is, and how detrimental it must be to a persons psyche if they live here for too long. I mean, yeah, it's got a lot of nifty services but the culture slowly turns you into an rear end in a top hat just like everyone else. I can't wait to GTFO next summer. Rime fucked around with this message at 03:59 on Sep 22, 2014 |
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Sep 22, 2014 03:30
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People think major big city is full of assholes, news at 11.
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Sep 22, 2014 03:57
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Cultural Imperial posted:I can't even loving remember the last time I saw a car stop at a crosswalk for a pedestrian. We must be living in different cities. I've noticed that Vancouverites just walk out into the street almost without looking. Cars just stop, and not emergency-braking-stop. They slow down if someone is even near a crosswalk. I saw some guy's Porsche take a 4 litre of milk when he blew a crosswalk, but had to stop for a red light. The pedestrians were not happy. Not at all. The only real gripe I could have with Vancouver drivers is that everyone feels the need to get everywhere at warp-loving-six, but if not that, then 20k/hr *below* the limit. Cultural Imperial posted:My building put up a white board in the lobby so that people could leave each other messages to fost 'community'. They had to take it down after a couple months because of all the snarky anonymous messages. normal person + anonymity + audience = total fuckwad This has nothing to do with Vancouver specifically.
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Sep 22, 2014 04:20
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I once met a chainsaw juggler in Vancouver. Cool dude. I've never had an issue with the people I met there, with the exception of the one neo-nazi with whom I shared a regrettable skytrain ride. It's also a beautiful city (or was, when I lived there, though I can't see how that would change.) Shame it's such an unlivable place - it's always had a high cost of living as far back as I'm aware, but in recent years it's just grown untenable. Really, all its problems are economic... Job prospects, CoL, housing. Especially the housing. It'll suck when it crashes, but better soon than later for everyone involved.
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Sep 22, 2014 04:59
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Tumblr with no naked ladies, but plenty of empty Vancouver houses Next time Uncle Tom tells you that houses cost so much is because the demand is so high for them, and that the vacancy rate of 0.1% proves it, show him that. I believe there are WAY more than that, as these are just the obvious ones.
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Sep 22, 2014 05:14
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There should be a program that moves homeless people into these investment properties. Other people can still buy and sell them at will, but someone gets to live in it in the meantime.
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Sep 22, 2014 05:26
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ocrumsprug posted:Tumblr with no naked ladies, but plenty of empty Vancouver houses Hahaha, oh man, whomever owns those places is about to see their investment get wrecked (or would it increase the value if it becomes an obvious tear-down?). The Urbex community in Vancouver largely refuses to post explicit location details anymore due to the speed with which they end up scrapped out and destroyed.
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Sep 22, 2014 05:31
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Rime posted:Hahaha, oh man, whomever owns those places is about to see their investment get wrecked (or would it increase the value if it becomes an obvious tear-down?). The Urbex community in Vancouver largely refuses to post explicit location details anymore due to the speed with which they end up scrapped out and destroyed. Do kids throw parties in abandoned houses in Vancouver? Those kinds of things are usually insanely fun, and can result in serious lawsuits against the absentee owner if a kid gets hurt/alcohol poisoning.
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Sep 22, 2014 05:53
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on the left posted:Do kids throw parties in abandoned houses in Vancouver? Those kinds of things are usually insanely fun, and can result in serious lawsuits against the absentee owner if a kid gets hurt/alcohol poisoning. Some of them appear to have a bit of it. It is a real shame the squatter community in Vancouver died out over the last couple of decades. There has likely never been a better time to squat. (Though there are no legal protections like the UK has for it.)
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Sep 22, 2014 05:55
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Tiny useless anecdote time. Back in the 70's my dad and his friends were invited to a "demo party". Some friends of friends had a lovely run down bungalow that they were getting kicked out of because the landlord said it's too expensive to fix and he's just going to demolish it. They decided to have a big party after they had all their poo poo moved out and just trash the place. They didn't actually destroy the overall structure, but most of the interior walls, glass, fixtures, everything got smashed to poo poo. Landlord was lying to evict them quick, he wanted to do a basic fix-up and rent to someone else at a way higher rent. There was some legal back and forth but I think in the end they only lost their damage deposit. Owner had to demo the house due to the damage.
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Sep 22, 2014 06:20
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Sep 22, 2014 06:24
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Anyone else starting to think there will not ever be a property collapse in Canada? I do. Everyone is so throughly invested in the status quo that I can't ever see that changing. Mountains will be moved - via the currency or otherwise - to keep the status quo. I really don't care - I'm leaving the first sensible opportunity my partner and I get.
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Sep 22, 2014 06:28
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The crash happens after the last bear turns. Basically, you'll know a correction is imminent when CI announces that he's just taken out a $1.5m mortgage on a penthouse suite in a new condo building. Until then, it's up up up!
LemonDrizzle fucked around with this message at 06:32 on Sep 22, 2014 |
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Sep 22, 2014 06:30
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Lexicon posted:Anyone else starting to think there will not ever be a property collapse in Canada? I do. Everyone is so throughly invested in the status quo that I can't ever see that changing. Mountains will be moved - via the currency or otherwise - to keep the status quo.
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Sep 22, 2014 06:36
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cowofwar posted:The bubble is held afloat by perpetually increasing amounts of credit being offered. So it will pop when the credit dries up. The banks will not restrict credit until the government makes a move and that wont happen with an election looming. Unless some huge external event happens that challenges the system expect the status quo until the next election. This is plausible for sure, but it strikes me that canada may simply always be a place with expensive real estate, forever more - standards of living, etc be damned. It's so throughly ingrained that I can't ever see this getting unwound.
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Sep 22, 2014 06:57
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Lexicon posted:Anyone else starting to think there will not ever be a property collapse in Canada? I do. Everyone is so throughly invested in the status quo that I can't ever see that changing. Mountains will be moved - via the currency or otherwise - to keep the status quo. No, but I am rapidly coming to the realization my ability to be at a point in my life where I want a house will not outlast the bubble. Every financial collapse has it roots in the last crisis, but has there ever been a case where it is as obvious as the current environment is? When the next financial crash happens because we left interest rates at zero for 12 years, and every asset class on the planet is in a huge bubble, what will we call it? How many economists will go on TV and say no one could the Great Bubble Poppening of 2020?
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Sep 22, 2014 07:00
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Lexicon posted:Anyone else starting to think there will not ever be a property collapse in Canada? I do. Everyone is so throughly invested in the status quo that I can't ever see that changing. Mountains will be moved - via the currency or otherwise - to keep the status quo. short answer: yes there will be a property collapse long answer: It helps to put things into perspective by trying to understand forward economic indicators like exchange rates, interest rates, current account imbalances etc etc. Then take stock of what your friends, family acquaintances are doing and from all of that imperfect information, you can assemble a pretty decent approximation of what sort of people are buying homes and how deeply levered they are. If it doesn't make sense, and in my experience, it sure as gently caress doesn't make sense, then you know to stay the gently caress away and realize that this bullshit will not last forever. Canada in particular has seen at least three property bubbles since the 80s. While the macroeconomic circumstances are very different for each of them (well, it depends), the fact remains that people who are buying houses, who shouldn't be buying houses, are/were doing so in droves. We actually had a minor collapse/downturn in 2008 that was reversed by a) our greatest finance minister ever Jim Flaherty PBUH b) a bunch of ignorant rear end cunts who had no idea how close the world economy was to burning to the ground. Canada is currently faced with some interesting macro problems. 1) America's economy is improving. Our biggest trading partner is now buying more goods from us. We are now in trading surplus. This is good. The loonie, unlike interest rates, has its value set by the open market and not the Bank of Canada. This means that the dollar is likely to rise. As Poloz hath spoke, the BoC isn't interested in targeting a value for the exchange rate of the loonie. 2) As we've all noticed, the loonie started tumbling earlier in the year when the Fed started talking about QE pullback at around November/December 2013. The decline was based upon speculation by shithead currency traders who want to make money off of higher US interest rates. As we all know, Janet Yellen has stated that the Fed doesn't intend to raise interest rates until late 2015. *I* think this is bad for Canada as goods are now artificially more expensive than they should be to buy. CPI is currently at a "healthy" 2% but I am *guessing* that we could see this increase the longer the loonie stays low (as the effects of more expensive imports hit the idiot canadian consumer). This implies that the BoC will have to increase interest rates in order to keep inflation in check at a future point in time. I'm thinking some time after 2015. Earlier (for housing market bears) if we're lucky. The USA is Canada's largest trading partner by a long shot according to wikipedia: http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_Canada China is next. China as we all know is well on its way to having major problems with its own housing market. There is even speculation by the FT that they're in for a balance sheet recession. The latest government stimulus (from last month) has apparently had no effect because businesses are too scared borrow money. This is awesome and hilarious to me and I can't wait to see the economy deteriorate so badly that mainlanders are committing acts of cannibalism again. Xi jinping's anti-corruption drive is wreaking pure havoc on capital flows right now. There's even stories that the canadian government is helping china crack down on these princeling shitheads. In short, the medium term outlook for China can't be good given all this stuff and other indicators such as a decline in demand for raw materials (lol gently caress you australia). Something *is* going to happen and it's going to cause the housing market in Canada to blow up. But like I've said many times, the trick is timing and if I knew how to time this, I'd be richer than god.
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Sep 22, 2014 07:01
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LemonDrizzle posted:The crash happens after the last bear turns. Basically, you'll know a correction is imminent when CI announces that he's just taken out a $1.5m mortgage on a penthouse suite in a new condo building. Until then, it's up up up! hey gently caress you guy
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Sep 22, 2014 07:01
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ocrumsprug posted:No, but I am rapidly coming to the realization my ability to be at a point in my life where I want a house will not outlast the bubble. But Yellen has said as much that the Fed is likely to raise interest rates in 2015. The Fed has been tapering off QE since last year. https://www.marketwatch.com/story/fed-stays-confident-sees-slightly-faster-pace-of-tightening-2014-06-18
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Sep 22, 2014 07:04
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Do any of you remember the tech boom in 2000? I was in 4th/5th year of university and everyone was loving day trading. I mean loving everyone. I also remember thinking, wow this stinks to high heaven, how the gently caress is pets.com supposed to make money? What loving dotcom is actually making money? I stayed the gently caress away from that poo poo. If it's smells like bullshit, it's likely to be bullshit.
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Sep 22, 2014 07:06
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Status quo until the next election. After that, a decade of welp.
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Sep 22, 2014 07:08
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Cultural Imperial posted:Do any of you remember the tech boom in 2000? I was in 4th/5th year of university and everyone was loving day trading. I mean loving everyone. I also remember thinking, wow this stinks to high heaven, how the gently caress is pets.com supposed to make money? What loving dotcom is actually making money? If anyone remembered the tech boom there wouldn't be a housing boom.
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Sep 22, 2014 07:11
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EvilJoven posted:Status quo until the next election. Well his Weed Emminence  Justin Trudeau could keep this housing bull run going by giving away houses soooo
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Sep 22, 2014 07:12
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Jumpingmanjim posted:If anyone remembered the tech boom there wouldn't be a housing boom. And that drives me loving crazy as it was only 14 years ago.
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Sep 22, 2014 07:13
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Cultural Imperial posted:And that drives me loving crazy as it was only 14 years ago. And now there's another stupid tech bubble already.
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Sep 22, 2014 07:20
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Jumpingmanjim posted:And now there's another stupid tech bubble already. Not at all as far as publicly traded valuations are concerned, though of course you can credibly argue that a lot of VC money is getting pissed away.
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Sep 22, 2014 07:26
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Sep 22, 2014 07:27
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One more thing lexicon, keep an eye on Ottawa and Montreal. These two markets are cratering. It's-happening-ron-paul.jpg
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Sep 22, 2014 07:49
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Meh, I'm not going to play battling anecdotes. I've ran into my share of assholes, sure, but it's a small share. I consider Vancouver a friendly town.
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Sep 22, 2014 07:58
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Cultural Imperial posted:A friend of mine from undergrad (originally from the island) once said that Vancouver is a great place to live if it weren't for the people. To be honest you could say the same thing about anything on planet Earth, really.
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Sep 22, 2014 10:15
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OhYeah posted:To be honest you could say the same thing about anything on planet Earth, really. Na, there are some places that are just generally lovely, people or no.
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Sep 22, 2014 10:18
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Cultural Imperial posted:One more thing lexicon, keep an eye on Ottawa and Montreal. These two markets are cratering. It's-happening-ron-paul.jpg As someone living in Ottawa, we get fliers from Minto begging us to buy their new houses outside of the greenbelt. Right now it's $5k in custom furnishing and decorating. The have a great ad on the radio about how you should buy a house because then your dog will have room to run around.
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Sep 22, 2014 14:10
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Cultural Imperial posted:One more thing lexicon, keep an eye on Ottawa and Montreal. These two markets are cratering. It's-happening-ron-paul.jpg I am hoping that as the situation there deteriorates that it will get reported more openly. If Montreal implodes, and you cannot blame it on the separatists, everyone speculating in Vancouver might start moving to the exits.
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Sep 22, 2014 14:45
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Every time I have to explain to my mom why she doesn't want a pied-a-terre in downtown Toronto I feel like I'm having less and less of an effect. Probably because increasing housing values of the past 4 years since I've lived here have made a fool out of me. I told her yesterday that if she wants a condo as a thing to have like a new car or a boat, and she doesn't plan to sell within 10 years, then have it. But don't count it as part of her wealth strategy. If her PNW can handle at least a 25% loss on that investment then who am I to stop her? However, she could make a lot of healthy investments with an $80k downpayment which wouldn't carry a mortgage with it. She and my step-dad probably take home around $200k every year. Their current mortgage is around $500k for a house in London ON and hooo doggy does she love her HELOCs, she's forever ripping poo poo our of that house and putting new poo poo in. My step father comes into Toronto 3 times a week for business and they want a condo so he doesn't have to stay in hotels. I tried to make her read Garth Turner's blog, but after our chat yesterday I feel like I'm going to be invited to a condo-warming soon, and hearing about how much she lost on the place a year later.
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Sep 22, 2014 14:54
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Cultural Imperial posted:One more thing lexicon, keep an eye on Ottawa and Montreal. These two markets are cratering. It's-happening-ron-paul.jpg Rural is the indicator out west, since those properties are echo-inflated, and they've been nosediving all summer.
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Sep 22, 2014 15:11
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I was looking around the web for some references on house prices in Quebec and i think this report by remax is quite telling. If you look look at the house prices graph and the houses sold graph i think it tells a pretty interesting story. Considering sales are going down down down at record low interest rate, one can only imagine what will happen once the rates start going up up up. http://www.remax-quebec.com/pdf/etudes/perspectives-immobilieres/2014/survol-national_fr.pdf
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Sep 22, 2014 16:33
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I can't believe MLS doesn't include days on market and price adjustments. What a crock of poo poo.
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Sep 22, 2014 16:43
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