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Ah yes home ownership, that magical time when you no longer have to worry about using too much electricity or water
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Feb 24, 2015 22:27
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triplexpac posted:Ah yes home ownership, that magical time when you no longer have to worry about using too much electricity or water Right but you get all that plus interest back when you sell. Every penny you spend on the purchse or upkeep of a house goes into your house as equity, and then when you sell you get it all back PLUS more because they aren't making more land. You can't lose.
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Feb 25, 2015 00:04
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Did any of you renting fucks pay attention to today's BoC speech? I only got the tweets and I've been snowboarding all day
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Feb 25, 2015 00:41
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In addition to private sector cuts, the commodity crash is already causing austerity type measures in Alberta: http://www.cbc.ca/news/business/low-oil-prices-drowning-alberta-s-finances-1.2969151?cmp=rss&utm_source=twitterfeed&utm_medium=twitter lmao, it's important to note that clever Albertans setup their budget to assume oil would stay at 95 dollars a barrel over the next few years. quote:Private sector forecasts for the Alberta economy range from half a percent of growth in 2015 to a 1.5 per cent contraction. The province itself is forecasting 0.6 per cent growth, which is an improvement over 2009 when the economy contracted by more than four per cent. etalian fucked around with this message at 01:27 on Feb 25, 2015 |
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Feb 25, 2015 01:23
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etalian posted:In addition to private sector cuts, the commodity crash is already causing austerity type measures in Alberta: All these loving cuts because they are so afraid of loving debt financing. Some mentally challenged individual that doesn't understand that a government's finances arent supposed to look like a households posted:“We’re going to balance this year’s operating budget and carry on the work that Albertans have told us we need to do — deliver core programs and services, and build and maintain the infrastructure that is so important to the quality of life of our growing population.” http://business.financialpost.com/2...__lsa=772f-3d65
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Feb 25, 2015 01:35
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Dumbasses should have balanced the budget with an assumed cost of oil at $50/barrel and thrown the surplus in to the Heritage Fund.
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Feb 25, 2015 01:38
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investco had a nice report: https://www.invesco.ca/commonAssets/resources/pdf/en/Invesco/INV_GreenwoodCanadaReviewOutlook_ISJFJGE_0215.pdf  
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Feb 25, 2015 01:42
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etalian posted:In addition to private sector cuts, the commodity crash is already causing austerity type measures in Alberta: The most amazing thing to me is that the part you quoted is under the revealing header: "Companies suffering"
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Feb 25, 2015 01:45
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Heavy neutrino posted:The most amazing thing to me is that the part you quoted is under the revealing header: "Companies suffering" One of the cunning plans is bringing back health premiums for the province health plan: http://www.cbc.ca/news/canada/edmonton/health-care-premiums-floated-by-alberta-s-finance-minister-1.2963440
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Feb 25, 2015 01:48
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etalian posted:One of the cunning plans is bringing back health premiums for the province health plan: Why not just raise the income taxes? BC has "premiums" but they aren't premiums at all - they simply go into general revenue. It seems enormously wasteful to have this whole level of bureaucracy to manage and take these general payments when it could easily be rolled into income tax.
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Feb 25, 2015 01:54
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etalian posted:One of the cunning plans is bringing back health premiums for the province health plan: Lexicon posted:Why not just raise the income taxes? BC has "premiums" but they aren't premiums at all - they simply go into general revenue. It seems enormously wasteful to have this whole level of bureaucracy to manage and take these general payments when it could easily be rolled into income tax. An Albertan with an income of $50,000 will pay twice as much provincial taxes as someone with the same income in Ontario. Now they'll get to pay a healthcare premium as well. cowofwar fucked around with this message at 02:01 on Feb 25, 2015 |
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Feb 25, 2015 01:57
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Lexicon posted:Why not just raise the income taxes? BC has "premiums" but they aren't premiums at all - they simply go into general revenue. It seems enormously wasteful to have this whole level of bureaucracy to manage and take these general payments when it could easily be rolled into income tax. This is how it's handled in all the other provinces, as far as I know, which is why many Canadians suffer under the delusion that we have free universal health care rather than a system which is only slightly different from that of the US. BC prefers nickle & dime taxation which allows them to fake the taxes as "low" but actually extracts higher revenue from the populace overall. If you rolled all the sundry premiums and fees this province charges at every turn, we'd likely have one of the highest personal tax rates in the country.
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Feb 25, 2015 01:59
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Cultural Imperial posted:Did any of you renting fucks pay attention to today's BoC speech? I only got the tweets and I've been snowboarding all day Here's the speech: http://www.bankofcanada.ca/2015/02/lessons-new-old-reinventing-central-banking/ Poloz briefly reviews the history of central banking and the results of inflation targeting policies. He finds that low levels of inflation are necessary but not sufficient for financial stability, but that low nominal interest rates can lead to increased risk tolerance and leverage rates, raising the risk of crises, and that economic imbalances caused by excessive debt are particularly hazardous. Consequently, targeting low inflation carries risks, and can result in limited options for central banks to respond. The increasing interconnectedness of the global financial system also means that domestic financial stability is not enough to prevent crises, as shocks from around the world may be transmitted and amplified. The Bank of Canada has responded by increasing international cooperation; conducting better risk assessments with more sources of data; and analyzing how monetary policy influences risks to financial systems. While the Bank of Canada believes the pros of inflation targeting outweigh the cons, and is still committed to the policy, a lower future natural rate of interest will leave the Bank with even less maneuvering room. As well, Poloz is concerned about the unknown effects of globalization and global supply chains; the effect of more economies having heavily managed exchange rates; the baby boomer retirements; structural changes to income distribution; and the macroeconomic effects of small firms, which Poloz believes the economic recovery depends on. Poloz thinks the sudden drop in oil prices has increased risks related to Canadian household indebtedness; to full employment and full economic capacity; and to the ability to target stable inflation. The drop in interest rates last month was intended to insure the economy against those risks and buy time for the Bank to assess the economic effects.
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Feb 25, 2015 02:04
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lolquote:Foreign real estate buyers to pay fees of at least $5,000 under foreign investment review system
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Feb 25, 2015 02:11
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Rime posted:BC prefers nickle & dime taxation which allows them to fake the taxes as "low" but actually extracts higher revenue from the populace overall. If you rolled all the sundry premiums and fees this province charges at every turn, we'd likely have one of the highest personal tax rates in the country. Ain't that the truth. It's so dishonest and self-deluding though. I'd much rather have an adult conversation about how much the province costs to run and the level of taxation across income and sales tax necessary to support that, rather than these myriad ways that they hide stealth taxes. One feature of US jurisdictions that has always stood out as a mostly-BC-er is the pricing of government things - in a given state, the price to get a driver's licence is always $21.50 or whatever - some price that's clearly indexed and bears some relationship to the underlying cost for the service. Compare that to BC, where you just know it would never not be rounded up to the nearest $25 or $50.
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Feb 25, 2015 02:11
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etalian posted:lmao, it's important to note that clever Albertans setup their budget to assume oil would stay at 95 dollars a barrel over the next few years. It's a pretty sound assumption. Oil prices, like housing prices, can only go up. 
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Feb 25, 2015 02:15
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Lexicon posted:Ain't that the truth. It's so dishonest and self-deluding though. I'd much rather have an adult conversation about how much the province costs to run and the level of taxation across income and sales tax necessary to support that, rather than these myriad ways that they hide stealth taxes. See also: All the little government mandated courses and BS qualifications you need to do any job in this province. Want to wash dishes at your local restaurant? Better get foodsafe first. Want to be a cashier at a liquor store? You got serving it right? Want to drive a forklift? You got a licence for that? I understand the necessity of training for certain things, but instead of saying the restaurant is responsible for having a food safety program and training their employees, our government somehow thinks they need this whole training industry surrounding basic concepts like "Wash those filthy mitts before handling food" and "keep hot food hot and cold food cold"
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Feb 25, 2015 02:46
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lolling at Alberta -Overly reliant on energy industry -Province government used oil revenues to balance province budget, assumed $95 per barrel for a long period of time -Oil crash means public sector austerity due to obsession with balanced budget -Multi-billion dollar capex cuts and 30,000 layoffs for energy industry -Things like inflated home prices driven by oil bubble and also big population migration to Alberta for energy jobs -lower tier strippers compared to Montreal Jan posted:It's a pretty sound assumption. Oil prices, like housing prices, can only go up. Lots of local news articles seem to enjoy citing experts on how the crash will be a short term problem, even though the scale of production and storage caused by the asset bloat problem probably means it will take years to escape the current rock bottom energy commodity prices.
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Feb 25, 2015 02:50
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B33rChiller posted:our government somehow thinks they need this whole training industry surrounding basic concepts like "Wash those filthy mitts before handling food" and "keep hot food hot and cold food cold" I've dealt with a few restaurants now in various contexts. There are some solid people in it for sure, but holy gently caress are a lot of people really, really, painfully stupid. I don't trust them to know how to spell their own loving names, much less how to safely handle food. Judging by some of the inspection reports I've seen, people are really bad at. Like, raw meat juices dripping onto produce in the fridge and whatnot. So, it shouldn't be necessary, but it obviously is.
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Feb 25, 2015 03:01
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etalian posted:-lower tier strippers compared to Montreal Well yes, I should hope so, Montreal is reputed for its poutine, its bagels and its strip clubs.
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Feb 25, 2015 03:26
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Jan posted:Well yes, I should hope so, Montreal is reputed for its poutine, its bagels and its strip clubs. https://www.youtube.com/watch?v=C6KoWwGRYDg
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Feb 25, 2015 03:30
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Cultural Imperial posted:No poo poo. I once paid 550 for a studio. I remember paying this in Ottawa, I miss those days.
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Feb 25, 2015 03:37
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sbaldrick posted:I remember paying this in Ottawa, I miss those days. A sane national level housing policy would be focused on reasonable affordable rents for everyone instead of the current lovely casino mindset. etalian fucked around with this message at 04:29 on Feb 25, 2015 |
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Feb 25, 2015 03:39
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etalian posted:I sane national level housing policy would be focused on reasonable affordable rents for everyone instead of the current lovely casino mindset. What are you, some kind of communist?
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Feb 25, 2015 03:50
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etalian posted:I sane national level housing policy would be focused on reasonable affordable rents for everyone instead of the current lovely casino mindset. That's a nice end goal, but what would you do specifically to achieve it that's not going to backfire in some way? Our current system incentivizes lovely behaviour, but a lot of other proposed systems simply incentivize different lovely behaviour.
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Feb 25, 2015 04:18
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PT6A posted:That's a nice end goal, but what would you do specifically to achieve it that's not going to backfire in some way? Our current system incentivizes lovely behaviour, but a lot of other proposed systems simply incentivize different lovely behaviour. Copy clever germans, they do various things to discourage rapid home price increases and things like the Vienna model provide good quality affordable housing for everyone. Of course things like Vienna model only work because the central government heavily subsidizes the whole process but IMO the current system is pumping billions of dollars into the home ownership casino. Ironically enough the CMHC was originally created to provide low cost public housing for WWII vets but over time its objective mutated into something else aka serving as piggy bank for the banking sector.
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Feb 25, 2015 04:32
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Health Services posted:Here's the speech: http://www.bankofcanada.ca/2015/02/lessons-new-old-reinventing-central-banking/ Awesome! Thanks
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Feb 25, 2015 04:37
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Jesus gently caress I love Smoke's
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Feb 25, 2015 05:29
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Count Canuckula posted:Jesus gently caress I love Smoke's trigger warning? 
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Feb 25, 2015 05:39
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Count Canuckula posted:Jesus gently caress I love Smoke's I was quite dissapointed when they opened shop here. It was crap compared to local shops.
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Feb 25, 2015 06:39
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etalian posted:Copy clever germans, they do various things to discourage rapid home price increases and things like the Vienna model provide good quality affordable housing for everyone. I have a serious eurocrush on Germany. Granted, I've only stayed in the Baden-Württemberg area, and barely transited north of that, but just from what little I've seen, it's like they take all the lovely things about Quebecistan and make them awesome. Mandatory eco-friendly standards on new constructions, exacting standards and maintenance on old ones, mandatory inspection and phasing out of old vehicles, great tramway service even with the excuse of "but winter!", motorists that actually respect the developing cycling network (though god help you if you decide to jaywalk when you shouldn't), not a single drat pothole in sight anywhere... Add cheap but awesome beer and delicious boudin and sausage products to the mix, and I was just about ready to relinquish my Canadian citizenship and become eurotrash on the spot. Literally the only inconvenience I've encountered is the exorbitant price of bicycle tubes in that area (10€ for a piece of latex, what the christ). Edit: But to stay on topic, mostly, I was seriously impressed by the simple tradeoffs I've experienced in the 4 AirBnB places I've stayed in. Those fancy yet simple windows where you can just turn the handle to let a breeze in without opening the entire thing, instant water heating instead of big unyieldy water tanks (more expensive but an unquestionable gain in the long run), "smart" thermostats in every single place (though that might just be the places I've stayed at)... Yeah. Jan fucked around with this message at 06:46 on Feb 25, 2015 |
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Feb 25, 2015 06:41
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less than three posted:I was quite dissapointed when they opened shop here. It was crap compared to local shops. They had the saddest little food trailer I ever did see in Calgary during stampede. Could see it from outside my window and maybe a customer a night.
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Feb 25, 2015 06:47
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Jan posted:I have a serious eurocrush on Germany. Granted, I've only stayed in the Baden-Württemberg area, and barely transited north of that, but just from what little I've seen, it's like they take all the lovely things about Quebecistan and make them awesome. Basically german's housing goal seeks to have minimal housing/rent cost inflation over time, they do it mainly through a combination of factors include state meddling in the market but also making it easy for private sector developers to expand as long as they follow the central plan for the area aka avoid spawl. So basically you have world class cities like Munich and Berlin with rents around 800 euro to 1200 euros for 1 bed, but on they flip side they don't have insane rates like NYC/SF. The US system on the other hand assumes that by providing easy credit be nice to the banks and also heavily subsidizing home ownership not rentals through things such as tax cuts/30 year loans you get affordable housing. Instead you get a casino roller coaster in the system with constant boom and bust cycles due to reckless stupid nature of the banking sector. For some reason most of the world seems to now think the US model makes the most sense. etalian fucked around with this message at 06:52 on Feb 25, 2015 |
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Feb 25, 2015 06:50
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etalian posted:For some reason most of the world seems to now think the US model makes the most sense. High leverage combined with generally stable modest returns is viewed by the public as free money. If you stop this and cause prices to fall, you will be treated as if you directly confiscated money out of savings accounts.
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Feb 25, 2015 07:30
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less than three posted:I was quite dissapointed when they opened shop here. It was crap compared to local shops. yeah, cracp compared to mean poutine
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Feb 25, 2015 07:53
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A Smoke's opened up here across from Concordia's dowtown campus and lasted a little under two years. It's gone now. The poutines were fine, but $10+ is too much for fries, gravy and cheese.
Ceciltron fucked around with this message at 14:35 on Feb 25, 2015 |
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Feb 25, 2015 14:23
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London only has one poutine place and it's Smoke's. Apparently I'm missing out on better quality poutine 
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Feb 25, 2015 14:29
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Smokes in Winnipeg is OK but then tons of people got their cards skimmed and I don't think its doing well anymore.
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Feb 25, 2015 14:33
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I went to some little hole-in-the-wall in Canmore last night that had the best poutine ever. La Belle Patate.
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Feb 25, 2015 15:17
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Smokes in Ottawa is alright if it's past midnight and you're too lazy to walk to Zak's.
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Feb 25, 2015 15:48
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