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Baronjutter posted:I read an article a week or so ago about a condo project that was going to have a dog has an amenity. Like a strata-owned dog that the residents could "book" or "rent" or what ever. That kinda seems like a cool idea, I love dogs and often wish I had one but I'm much better hanging out with other people's dogs than deal with all the lovely aspects when they live with you full time. But that poor dog being raised by a bunch of loving condo owners. Dogs need training and consistent discipline, seems like a pretty lovely environment for the dog. Unless it's like an adult chill dog that's already trained and doesn't give a poo poo as to which human is currently petting and walking it. Some hotels do this, but it's kind of okay because someone takes the dog home at night and the dog has a cool place to chill. Also people on vacation are happy and miss their dogs at home. In a condo it sounds horrible
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# ? Sep 25, 2014 14:44 |
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# ? Jun 5, 2024 08:16 |
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as a cat owner, cats are dumb as poo poo (far dumber than most breeds of dogs) but it actually takes very little effort to ensure they don't destroy the apartment you're renting. They mostly just destroy your stuff. Like my couch, you shits!
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# ? Sep 25, 2014 14:45 |
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poo poo in the halls. Vancouver sounds like hell on earth.
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# ? Sep 25, 2014 15:06 |
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Danny LaFever posted:poo poo in the halls. Vancouver sounds like hell on earth. Best place on earth, for me to poop on!!!
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# ? Sep 25, 2014 15:15 |
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Baronjutter posted:Best place on earth, for me to poop on!!! So great that BC's economy is too good for foreign companies to invest in.
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# ? Sep 25, 2014 15:20 |
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Awwww we didn't give foreign capital enough incentives for them to create jobs here.
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# ? Sep 25, 2014 15:58 |
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Baronjutter posted:Awwww we didn't give foreign capital enough incentives for them to create jobs here. Honestly I would be looking for reasons to bail on my LNG commitments about now too.
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# ? Sep 25, 2014 16:53 |
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Could someone tl;dr the LNG situation generally, and in particular with respect to BC?
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# ? Sep 25, 2014 16:58 |
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Here's the FT article in question. http://www.ft.com/intl/cms/s/0/908e5616-4454-11e4-8abd-00144feabdc0.html#axzz3ELNAv800 quote:Petronas, Malaysia’s state-owned oil and gas group, is threatening to pull the plug on a $10bn liquefied natural gas project in Canada, saying new taxes and rising competition from a slew of US shale gas projects threaten its viability.
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# ? Sep 25, 2014 17:02 |
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Haven't people been buying up houses in the towns where these proposed LNG ports will be?
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# ? Sep 25, 2014 17:12 |
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Lexicon posted:Could someone tl;dr the LNG situation generally, and in particular with respect to BC? Basically the BC government finally decided to make a push to develop a LNG export industry, just in time to be at a minimum 5 years behind every other jurisdiction in the world and with the price already collapsing to the point where the investment no longer makes sense. All the companies that were on board to build the terminals, are now quietly (or not so much in this case) slinking off the bandwagon. Why it has taken this long to get the government to move on this is anyones guess though. I want to say they were distracted by HST, but frankly that doesn't even really fit the timeline. The BC Liberals have been coasting on inertia for ~10 years now.
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# ? Sep 25, 2014 17:15 |
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well at least we can fall back on the condo industry
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# ? Sep 25, 2014 17:19 |
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They'll blame it on red tape and environmentalist opposition and probably something the NDP did. Yeah, we need a big condo export terminal. Maybe expand duke point to include the needed facilities.
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# ? Sep 25, 2014 17:20 |
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ocrumsprug posted:Basically the BC government finally decided to make a push to develop a LNG export industry, just in time to be at a minimum 5 years behind every other jurisdiction in the world and with the price already collapsing to the point where the investment no longer makes sense. I see. Why was it dependent on the government though? If there was a buck to be had, I would assume the various energy outfits (we have several of them in this country, I hear) would be chomping at the bit to get it rolling. Or.... is that the point? That it wasn't sufficiently economically viable, and so the government was the only one willing to spend the vast amounts of money to do the thing?
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# ? Sep 25, 2014 17:27 |
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http://globalnews.ca/map/1384836/ Does anyone know how to use this map (data is from 2005, but still useful) to combine it with condo prices and payday loan places? I am sort of curious.
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# ? Sep 25, 2014 18:07 |
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Lexicon posted:I see. Why was it dependent on the government though? If there was a buck to be had, I would assume the various energy outfits (we have several of them in this country, I hear) would be chomping at the bit to get it rolling. It is more likely a case of 'it's viable, but these competing jurisdictions are bidding for our investment dollars and they are making better offers'.
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# ? Sep 25, 2014 18:41 |
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Baronjutter posted:I love pets, I just hate barking dogs keeping me up all night because of lovely owners and lovely landlords that don't enforce rules. It's way easier to say "no pets" than actually kick some out out of a building because their dog barks every second they're not home. If noise complaints were handled by the city and not the landlord that would be another issue, but so many landlords just don't want to deal with anything, specially conflict between tenants and will often side with who ever isn't bothering them. A couple of my friends live in buildings that allow cats and they smell like cat piss and my wife gets all itchy (allergic) anytime she goes over. I've seen god drat kitty litter in the hallways. The problem of course is easily solved by better building codes and landlords actually cleaning and enforcing rules. My other friend's apartment has an ongoing problem with dog poo poo in the hallways and stairwells because people are too lazy to take their tiny toy breeds outside, specially in the winter, and just let them poo poo in the hallways. If you're renting at the lower end of the price spectrum pet-free buildings are always so much nicer. If you're going to be stuck in a poorly maintained slum it's just nice to eliminate pet poo poo and noises from the list of horrible issues, it's just one less thing to have to endure because your landlord is NOT going to be helping you. If you're allergic to the neighbour's cat, you end up having to move. If the neighbour's dog keeps you up all night, tough poo poo you end up having to move if you want to sleep. I don't want people driven from their homes because some idiot decided they just absolutely need an animal in their apartment. Um, this is an issue even when you own your house as I do with my neighbors annoying as gently caress animal. sbaldrick fucked around with this message at 19:37 on Sep 25, 2014 |
# ? Sep 25, 2014 19:33 |
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http://www.vancouversun.com/touch/story.html?id=10232604quote:As a growing number of global cities levy special taxes to cool overheated housing markets, some Vancouverites are wondering, why not here?
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# ? Sep 25, 2014 21:03 |
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Can't have taxes on the rich because that's both classism and racism Can't have taxes on all property transfers because you can't cool the housing market even though everyone's screaming about affordability. You can't increase density because of NIMBY's. The status quo is horrible but changing it would be even worse!!
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# ? Sep 25, 2014 21:08 |
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There's a complete failure in the Canadian press to acknowledge that there's too much lending going on.
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# ? Sep 25, 2014 21:11 |
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I don't understand how people will scream about "housing is unaffordable!!! This is ridiculous!!". Tons of polls keep showing housing affordability being a top issue in Vancouver. People want everyone else's houses to be worth less just not their own, so they flip the gently caress out at any measure that would cool prices globally. They basically don't want prices to go down but they want to be able to afford more, so the answer is always "easier debt". It's just such a weird situation, I don't understand how human brains work sometimes. I have friends in Vancouver and all they talk about is housing prices and how unaffordable things are, but at the same time it's almost a matter of pride since it "proves" Vancouver is just such an amazing place. When the typical Vancouverite yells about wanting housing to be more affordable they still can't shake the notion that prices will always be going up. They want houses to be more affordable not just so they can have a place to live, but so they can "build equity". In fact from talking to Vancouverites it seems like the top priority for them. Their issue isn't that they don't have space to live, the issue is that they are upset people are making tons of money off housing but they've been priced out of even the bottom end. Because of this mindset they will violently resist any measure that would solve the affordability issue but at the same time kill what they see as a never ending money printing investment.
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# ? Sep 25, 2014 21:27 |
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^ That's why there is no solution to the problem of Vancouver's unaffordability other than not living there.
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# ? Sep 25, 2014 21:37 |
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The solution is to wait for the inevitable crash
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# ? Sep 26, 2014 06:08 |
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So my friends saw a house on Wednesday night, put in a bid last night and bought the house. I don't think they did a home inspection... hope it all works out for them!
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# ? Sep 26, 2014 14:31 |
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Which part of the country are they in? I'm not sure if Mike Holmes ventures out of the GTA too much.
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# ? Sep 26, 2014 14:45 |
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Blade_of_tyshalle posted:Which part of the country are they in? I'm not sure if Mike Holmes ventures out of the GTA too much. They're in Toronto. House was about 690k Edit: Actually maybe someone can explain this to me. I don't want to ask her because I want to just be happy for her while she's buying this house. I asked her what the process was. She said she saw the house on Wednesday night, they put in a bid on Thursday (5K under the asking price) and they got it. The owners were going to have an open house on Saturday. Why would the owners not wait and do the open house? And is it possible the owners did a home inspection and had the paperwork or something? triplexpac fucked around with this message at 14:59 on Sep 26, 2014 |
# ? Sep 26, 2014 14:45 |
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The only reason I can think of, they've listed the house before and no one wanted to buy it.
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# ? Sep 26, 2014 15:04 |
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triplexpac posted:They're in Toronto. House was about 690k Ask her who her home inspector is and when she's doing it? Even if the sellers had a home inspection done, you'd be a fool to trust it. There aren't any standards or licensing for home inspectors, you should always get your own as well as a licensed electrician and plumber to take a look. Most people do a conditional offer that gives the buyer a week or two to do a home inspection, secure the mortgage and ensure they can get insurance. There may be some other conditions as well. After that time, you make your final offer that has the conditions removed and maybe a little more negotiating to fix stuff that came up in the inspection. Most realtors won't take clients to see a place that is conditionally sold. After the open house, there would probably be multiple offers, even a bidding war but they would probably all be conditional. Your friends would most likely be outbid and sad that they didn't get to start building equity. After people get outbid and depressed a few times, they do stupid things. One of those things is removing the inspection conditions right off the bat. That saves the seller the hassle of having their place off the market for a week while you do your inspection, they don't have to negotiate further when an inspector finds flaws and they can deny knowing about any problems that arise if they did do an inspection and came back with something major. If the house wasn't going to have anything come up during the inspection, you'd be stupid to close before the open house. They'd be missing out on a huge potential bidding war in Toronto's hot market. If the house does have major problems, it's very advantageous to take a quick offer with no inspection.
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# ? Sep 26, 2014 15:51 |
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I'm thinking of purchasing a condo in Toronto. Please point to resources where it would show me that it is a bad idea. For reference, it's a 2 bed + 2 bath for 450K.
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# ? Sep 26, 2014 15:52 |
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Ikantski posted:Most people do a conditional offer that gives the buyer a week or two to do a home inspection, secure the mortgage and ensure they can get insurance. There may be some other conditions as well. After that time, you make your final offer that has the conditions removed and maybe a little more negotiating to fix stuff that came up in the inspection. Most realtors won't take clients to see a place that is conditionally sold. Oh I guess I forgot to mention that she told me that their offer was unconditional
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# ? Sep 26, 2014 15:53 |
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My girlfriend's family just sold a poo poo house for around $500,000. When my family was in a similat situation in selling a bubble house in Florida, they decided to rent until housing prices crashed. They got lucky in some ways since the market crashed in only a year after sale. How would a prospective homeowner in Toronto handle the given market? Every indicator I look at and the thread here thinks a crash is inevitable, but what does a family do in the meantime? Rent for x years?
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# ? Sep 26, 2014 15:54 |
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Yeah, rent, it owns. Depending the rent/buy ratio in your city even if you want to buy you're still better off renting for like 20+ years, like you come out ahead financially even if there isn't a crash.
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# ? Sep 26, 2014 15:58 |
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Baronjutter posted:Yeah, rent, it owns. Depending the rent/buy ratio in your city even if you want to buy you're still better off renting for like 20+ years, like you come out ahead financially even if there isn't a crash. I know they're very intent on buying (rent/buy ratio or not) but it's more trying to make sure they don't get a house that will suddenly in six months drop to 50% of it's inflated value.
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# ? Sep 26, 2014 16:02 |
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People won't even buy a $1.99 todo list app without studiously examining reviews and carefully weighing options, and yet people do unconditional offers on loving half a mill or more houses? This is absolutely insane.
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# ? Sep 26, 2014 16:09 |
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I guess just keep us posted with whatever hilarious deficiencies were covered up by drywall and paint. It's pretty easy to work out the logic here. 1. The sellers got an unconditional offer before the open house. That tells them me their place would have received a lot of interest after the open house. 2. They could have potentially ended up with an offer 100k higher in a bidding war but with an inspection. 3. The sellers decided that $685k > ( $690k + potential bidding war - inspection) So figure that the renovations required are going to be a bare minimum of 20k with potential to be much, much higher. If you want to find out if a house is solid, you can just ask the seller "Would you sell this place for a discount if we skipped the inspection?". If the answer is yes, run away.
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# ? Sep 26, 2014 16:11 |
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These friends on yours are rich bankers right?
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# ? Sep 26, 2014 16:12 |
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ZenVulgarity posted:I know they're very intent on buying (rent/buy ratio or not) but it's more trying to make sure they don't get a house that will suddenly in six months drop to 50% of it's inflated value. that might be what happens though? oh gently caress, your poor friend.
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# ? Sep 26, 2014 16:18 |
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Baronjutter posted:Yeah, rent, it owns. Depending the rent/buy ratio in your city even if you want to buy you're still better off renting for like 20+ years, like you come out ahead financially so long as you do something useful with the savings realized as a renter even if there isn't a crash.
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# ? Sep 26, 2014 16:38 |
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Cultural Imperial posted:These friends on yours are rich bankers right? Haha nope not at all! It's an interesting case study anyway, since my wife and I want a house someday but aren't financially set up to do it anytime soon. We can observe our friends and see how it all goes for them.
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# ? Sep 26, 2014 16:51 |
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# ? Jun 5, 2024 08:16 |
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peter banana posted:that might be what happens though? oh gently caress, your poor friend. Of course when I bring up anything I get "you're bot from Toronto!" from the homeowners. Because I need to live there to understand economic cycles with plenty of available data? But we hate the idea of renting is not a good reason to lose several hundred thousand dollars!
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# ? Sep 26, 2014 17:11 |