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MiddleOne
Feb 17, 2011

ZenVulgarity posted:

I've been following the f35 thread and holy poo poo

It's quite an experience to say the least...

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Rime
Nov 2, 2011

by Games Forum
A few years back I attempted to rent a house out in Ioco in return for repairs and renovations to the structure, since they are all just sitting there boarded up and rotting as heritage assets, but the city of Port Moody had zero interest in it. Now I see why, they were waiting for James Cheng to come along and turn it into another island of glass.

Danny LaFever
Dec 29, 2008


Grimey Drawer
If newspapers exist in 30 years these financial stories are gonna be so grim.

"Had 125K student loan. Lived in parents basement until age 30 working un-paid internships. Changed jobs 10 times over the next 30 years never making more then 35K a year with no pension or benefits. Went into bankruptcy had the bank take what little they accumulated. Curled up and died in the streets."

And old man CI reads the stories as a natural form of viagra from his stronghold in Seattle.

Dreylad
Jun 19, 2001
They should give old man CI a column.

Precambrian Video Games
Aug 19, 2002



Dreylad posted:

They should give old man CI a column.

WHY VANCOUVERITES ARE THE SCUM OF THE EARTH, a column by C. Imperial.

namaste friends
Sep 18, 2004

by Smythe

quote:


The struggle is real.



https://twitter.com/EricandIlsa/status/556877214193815552?s=09

:(

etalian
Mar 20, 2006

Rime posted:

A few years back I attempted to rent a house out in Ioco in return for repairs and renovations to the structure, since they are all just sitting there boarded up and rotting as heritage assets, but the city of Port Moody had zero interest in it. Now I see why, they were waiting for James Cheng to come along and turn it into another island of glass.

A new player in Metro Vancouver real estate development — Brilliant Circle Group Investments Ltd

Lain Iwakura
Aug 5, 2004

The body exists only to verify one's own existence.

Taco Defender

I am struggling to figure out if this is parody or real because after that article it could be either.

maxidious
Sep 25, 2007

Meh

Xoidanor posted:

It's quite an experience to say the least...

Link?

Baronjutter
Dec 31, 2007

"Tiny Trains"

LemonDrizzle posted:

They're right on that point, though - building housing without adequate parking is a really bad idea if you don't have enough good alternative means of transportation in place to make it practical for most residents to do without a car.

These are all projects right in the heart of downtown. Not like Portland building parking free condos out in the burbs and hand waving concerns away by pointing at the not very good bus service in the area. All the parking within a km or so is metered so there's no local street parking for them to use.

Kraftwerk
Aug 13, 2011
i do not have 10,000 bircoins, please stop asking

I've been hunting for apartments closer to downtown and the parking problem is a huge issue for me. Almost every listing has no parking or fees tacked on to get parking. My job is not easily accessible by transit without prolonging the trip by a good hour both ways (Which I really don't want to do.). I'm fast realizing the only way I can afford to live anywhere near Toronto is if I move to the 401-Weston Rd area and get a place for 725/month. Neighborhood looks sketch as gently caress.

PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane
That's why we need better transit. Parking should be expensive. Parking should be the responsibility of the developer and owner to create and pay for, not the municipal government.

The Calgarian morons who are against secondary suites because of "not enough parking" are really starting to piss me off. I had to pay for my parking spot, and I pay condo fees and property tax on it, so anyone who thinks they're simply entitled to a free place to put their car can shove their entitlement straight up their rear end. It would be nice if all the fees from street parking and city parking lots went to funding transit so people don't need to be able to park their car everywhere.

Terebus
Feb 17, 2007

Pillbug

PT6A posted:

That's why we need better transit. Parking should be expensive. Parking should be the responsibility of the developer and owner to create and pay for, not the municipal government.

The Calgarian morons who are against secondary suites because of "not enough parking" are really starting to piss me off. I had to pay for my parking spot, and I pay condo fees and property tax on it, so anyone who thinks they're simply entitled to a free place to put their car can shove their entitlement straight up their rear end. It would be nice if all the fees from street parking and city parking lots went to funding transit so people don't need to be able to park their car everywhere.

I'm cool with this and I pay for my parking spot. If I had better transit options to and from where I work I would take it much more often but transiting currently adds at least an extra hour to my commute.

ohgodwhat
Aug 6, 2005

Kraftwerk posted:

Almost every listing has no parking or fees tacked on to get parking.

If parking would be provided to you for free, it doesn't mean it would be without cost - just that the costs would be absorbed into something else, like everyone's rent. What about the people who don't want a car now paying for something they won't use, and probably only a minor decrease in your total cost to rent?

Kraftwerk
Aug 13, 2011
i do not have 10,000 bircoins, please stop asking

ohgodwhat posted:

If parking would be provided to you for free, it doesn't mean it would be without cost - just that the costs would be absorbed into something else, like everyone's rent. What about the people who don't want a car now paying for something they won't use, and probably only a minor decrease in your total cost to rent?

It's the general lack of parking that was the annoying, not so much the fees that come with whats available. The only reason I'm complaining about the fees is because relative to my salary and the current cost of renting that extra 65-100 bucks a month is actually a huge deal for me.

If I was making 60-70k per year I would have zero complaints.

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.
If you want to live downtown, having a car is expensive and of limited use - except in your case for driving to work.

You'd be better off living in the suburb if $60-$100 in parking is a hardship. The building I live in charges $130 a month or something.

Baronjutter
Dec 31, 2007

"Tiny Trains"

yeah I pay an extra $70 a month for a garage. It's a luxury but so is owning a car in the city. I also store stuff in it though which is nice.

Also it's absolutely possible to reduce reliance on cars if the city actually makes it a priority. Paris has reduced its car ownership from like 60% to 40% in just a few years simply by making transit better (carrots) but also actually having the balls to make driving less attractive (sticks).

EvilJoven
Mar 18, 2005

NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
Fun Shoe

Kraftwerk posted:

401-Weston Rd area and get a place for 725/month. Neighborhood looks sketch as gently caress.

That area is super sketchy don't move there. Look for a place around Wilson between Bathurst and Dufferin or if you're OK with a basement you can get one on Ranee.

Or get a roommate. Living on your own seems to be a luxury most people can no longer reasonably afford.

Bilirubin
Feb 16, 2014

The sanctioned action is to CHUG


Kraftwerk posted:

I've been hunting for apartments closer to downtown and the parking problem is a huge issue for me. Almost every listing has no parking or fees tacked on to get parking. My job is not easily accessible by transit without prolonging the trip by a good hour both ways (Which I really don't want to do.). I'm fast realizing the only way I can afford to live anywhere near Toronto is if I move to the 401-Weston Rd area and get a place for 725/month. Neighborhood looks sketch as gently caress.

I used to live in the apartment complex at Avenue Rd. and Wilson, it was pretty great, despite a view of the 401

Rime
Nov 2, 2011

by Games Forum

EvilJoven posted:


Or get a roommate. Living on your own seems to be a luxury most people can no longer reasonably afford.

I always hear stories about the early days of communism in Russia and how all the mansions were turned into shared living spaces with roommates and how horrible that was, to have to share with four or five roommates and how this was just proof of how bad communism is.

Funny how that's where we ended up in capitalist Canada in 2015, if you're under forty. :v:

Kraftwerk
Aug 13, 2011
i do not have 10,000 bircoins, please stop asking

Ugh looks like my only hope is if my internal networking within my employer pays off and I get transferred to the Munich office. Then maybe I'll enjoy saner living costs....

EvilJoven posted:

That area is super sketchy don't move there. Look for a place around Wilson between Bathurst and Dufferin or if you're OK with a basement you can get one on Ranee.

Or get a roommate. Living on your own seems to be a luxury most people can no longer reasonably afford.

I'll check that area out. That would also put me super close to work and reduce the strain on my gas costs.

Wow they aren't pretty on the outside but there are some NICE places in this area. I just can't tell if it's a bad neighborhood or not. The fact that there's like a random church occupying a stripmall plaza every intersection is kinda weird.

EDIT: Wow: http://www.viewit.ca/vwExpandView.aspx?ViT=156598

Perfect... now if only I had another $300 extra per month... Time to get a weekend gig on the side.

Kraftwerk fucked around with this message at 03:53 on Jan 19, 2015

ductonius
Apr 9, 2007
I heard there's a cream for that...

Rime posted:

I always hear stories about the early days of communism in Russia and how all the mansions were turned into shared living spaces with roommates and how horrible that was, to have to share with four or five roommates and how this was just proof of how bad communism is.

Funny how that's where we ended up in capitalist Canada in 2015, if you're under forty. :v:

The smallest "Khrushchyovka" mass-produced pre-fab apartments in the Soviet Union was 323sq/ft in a single room.

Not only are Vancouver microapartments 75sq/ft smaller, but we must pay for the privilege of living in them, and probably won't be standing fifty years after they were built.

We've literally gone past the point where totalitarian communism did it better.

apatheticman
May 13, 2003

Wedge Regret

ductonius posted:

The smallest "Khrushchyovka" mass-produced pre-fab apartments in the Soviet Union was 323sq/ft in a single room.

Not only are Vancouver microapartments 75sq/ft smaller, but we must pay for the privilege of living in them, and probably won't be standing fifty years after they were built.

We've literally gone past the point where totalitarian communism did it better.

Then there is the Tiny house movement where you just live on the space of the biggest trailer you can get.

etalian
Mar 20, 2006

ductonius posted:

The smallest "Khrushchyovka" mass-produced pre-fab apartments in the Soviet Union was 323sq/ft in a single room.

Not only are Vancouver microapartments 75sq/ft smaller, but we must pay for the privilege of living in them, and probably won't be standing fifty years after they were built.

We've literally gone past the point where totalitarian communism did it better.

lol


I liked the quip from GBS on how Surrey basically resembles the alternative timeline in which Biff has the sports almanac

namaste friends
Sep 18, 2004

by Smythe
Did those Russians have strata fees? Because lol

Mandibular Fiasco
Oct 14, 2012

etalian posted:

I liked the quip from GBS on how Surrey basically resembles the alternative timeline in which Biff has the sports almanac

We're still waiting on the casino. Though Langley, Richmond, Coquitlam, and Vancouver all have them.

The Whalley area has certainly improved in the last ten years; it actually has some development with some jobs there, though they are all government things like City Hall, the health authority, Simon Fraser University. If you don't work for government in some way, shape, or form, I'm not sure how you get a good job (i.e. middle class salary plus benefits) in the Vancouver area, Surrey or otherwise.

JawKnee
Mar 24, 2007





You'll take the ride to leave this town along that yellow line

Mandibular Fiasco posted:

We're still waiting on the casino. Though Langley, Richmond, Coquitlam, and Vancouver all have them.

wut

Brannock
Feb 9, 2006

by exmarx
Fallen Rib

huh? wut? what? whuh??

MiddleOne
Feb 17, 2011


http://forums.somethingawful.com/showthread.php?threadid=3647975

namaste friends
Sep 18, 2004

by Smythe
e: wrong thread

namaste friends fucked around with this message at 06:49 on Jan 19, 2015

blah_blah
Apr 15, 2006


Edgewater.

namaste friends
Sep 18, 2004

by Smythe
China's real estate market is collapsing.

http://www.bloomberg.com/news/2015-01-18/china-dream-ends-for-handan-as-steel-slump-spurs-property-losses.html

quote:

Five months ago, Hao Liwei was living the good life, funded by a 36 percent annual return on a property investment. Then her nightmare began.

Interest payments ceased in August and attempts to recover her money failed. Her home town, the steel-production city of Handan, 450 kilometers (280 miles) southwest of Beijing in Hebei province, was grappling with plunging demand for steel and plummeting prices. Economic growth slumped to 5.5 percent in the first nine months of last year, from 10.5 percent in 2012.

“The sky collapsed and I thought of killing myself,” said Hao, 40, now a taxi driver. “It was just like a dream: I had everything but when I woke up it was all gone.”

Hao is among the collateral damage as China reins in years of debt-fueled investment-led growth that’s evoked comparisons to the period preceding Japan’s lost decades. As policy shifts China toward greater consumption and innovation-led growth, Handan’s reliance on the steel industry for expansion has left it among cities feeling the brunt of adjustment pain.

“Steel towns have been decimated many times before, in Pittsburgh, in the U.K., in France, in Belgium,” said Junheng Li, founder of researcher JL Warren Capital LLC in New York. “Handan has a choice: cling to steel and suffer an inexorable decline or invest in the future, wherever it may be.”

Illegal Fundraising

Handan’s woes deepened in September, when local authorities sent work teams into 13 property developers to contain risks after a failure to repay funds raised illegally from the public sparked panic, Xinhua News Agency reported. Thirty-two homebuilders had raised a combined 9.3 billion yuan ($1.5 billion) in illegal fundraising or high-return deposits, causing police to detain 94 people, Xinhua reported.

In freezing, pollution-darkened air that exceeded the World Health Organization’s safety limit by more than 14 times, Wu Ren waited last week outside a property development in downtown Handan in hope of recovering funds he invested in a developer named Century in Gold. Wu, in his mid-40s, said he invested 500,000 yuan for a return exceeding 18 percent a year. The developer’s boss disappeared in August, he said.

“I thought it’s a harmonious society,” said Wu, referring to a phrase used to describe part of former President Hu Jintao’s ideological vision for China. “I didn’t expect this, to be cheated.”

Phone calls by Bloomberg News to Century in Gold’s sales office hot line last week went unanswered.


Photographer: Hu xiaohua/ImagineChina
A laborer works on a construction ste in Handan, China.
China’s shift away from investment-led growth has led to bear markets in everything from iron ore to coal. Contracts for steel rebar, or reinforcing steel used in construction, on the Shanghai Futures Exchange have fallen more than 25 percent in the past year.

Cyclical Downturn

Goldman Sachs Group Inc. last year joined other banks in calling an end to the commodities supercycle after a decade of price gains fueled by Chinese demand. The biggest consumer of industrial metals and iron ore and the largest oil user after the U.S. posted the slowest full-year expansion since 1990, according to economists projections of gross domestic product data for 2014 that’s due to be released on Tuesday.

In another abandoned property project named Century Garden, also developed by Century in Gold, the sales office was locked last week. A notice from police and the local court stuck on its windows asks those involved in “illegal deposit taking” to turn themselves in while another policy notice warns against “illegal petitioning practices” such as blocking government office gates and public roads.

Behind the office, there’s no sign of activity on unfinished apartment blocks. A huge advertisement hanging on one building promoted the project as “the choice of the wise.”

Overcapacity Story

“This is a classic showcase of China’s overcapacity story,” said Dong Tao, chief regional economist for Asia excluding Japan at Credit Suisse Group AG in Hong Kong. “Industrial overcapacity to start with, followed by property overcapacity and then government-driven infrastructure overcapacity.”

In another corner of the street, Zhao Kejin sat on the concrete stairways of the closed Sunshine Shore property project office. Hand-written white banners hung across its front say, “Give me my blood-sweat money.”

The 55-year-old cement engineering contractor said he had worked on the project for a year and is owed 10 million yuan.

“I need the money to pay my fellow workers,” he said, burning wood in a metal bucket to keep warm. “But no progress yet.”

Evidence from places as far afield as Scotland suggests it will be difficult for towns and cities built off one industry to transition to new growth drivers.

“New industries that will develop if China is successful in moving toward consumer-led growth will require different skills and those can often be found in places that are very far removed from the old growth centers,” said Freya Beamish, a Hong Kong-based economist at Lombard Street Research Ltd. “There are still towns in Scotland where there are simply no jobs.”

namaste friends fucked around with this message at 06:52 on Jan 19, 2015

on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt
Chairman Eleven, please send property speculators who default to live with the rural masses so that they can form a correct view of property ownership.

JawKnee
Mar 24, 2007





You'll take the ride to leave this town along that yellow line

blah_blah posted:

Edgewater.

poo poo I thought that got voted down

etalian
Mar 20, 2006


lmao, can't wait for the Australia commodity bubble to pop as a result of new changes in China aka we can't keep building empty skyscrapers forever

namaste friends
Sep 18, 2004

by Smythe

etalian posted:

lmao, can't wait for the Australia commodity bubble to pop as a result of new changes in China aka we can't keep building empty skyscrapers forever

Australia always seems to lead Canada 1 or 2 years. Maybe they'll both slam into end of the commodity super cycle wall at the same time.

etalian
Mar 20, 2006

Cultural Imperial posted:

Australia always seems to lead Canada 1 or 2 years. Maybe they'll both slam into end of the commodity super cycle wall at the same time.

Just like Canada is has a lovely balanced economy by sector:

namaste friends
Sep 18, 2004

by Smythe
Lol

Jumpingmanjim, how are your banks doing?

cowofwar
Jul 30, 2002

by Athanatos

blah_blah posted:

I should have become a (real) doctor, I guess.
PhD stream
4 yr science undergrad
4-6yr PhD
2-3yr post-doc

Outcome: more post-docs at ~$35-$50k/yr. No job security. Possible tenure track faculty position for 6% of graduates at average age of ~40 at around $100k

MD stream
2-4yr science undergrad
3-4yr MD
2-6yr residency

Outcome: $$$$$$$$$$$$$$$$$$.

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I would blow Dane Cook
Dec 26, 2008
You know in Looney tunes cartoons where the coyote runs off the edge of the cliff and keeps running, but he doesn't fall because he hasn't looked down yet.

That's what the Chinese economy is like.

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