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Baronjutter
Dec 31, 2007

"Tiny Trains"

Lexicon posted:

Most humans like light, especially when they wake up.

Fresh air is really nice too.

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etalian
Mar 20, 2006

Lexicon posted:

Most humans like light, especially when they wake up.

If only there could be some invention to prevent light from entering a bedroom?

less than three
Aug 9, 2007



Fallen Rib
I'm going to oddly enough agree with PT6A. Bedrooms without windows are great for the darkness aspect.

MiddleOne
Feb 17, 2011

Lots of people with sleeping issues in this thread.

PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

Baronjutter posted:

Fresh air is really nice too.

Fresh air is nice, but street noise that comes from an open window is more bad than fresh air is good. Also, I like light when I wake up, but I don't like nighttime light pollution (headlights, streetlights, etc.) when I'm trying to sleep, nor do I particularly like light from the sunrise at 5AM, which is what we get for a good portion of the year in Calgary.

namaste friends
Sep 18, 2004

by Smythe
Canada added 59k jobs in may.


http://www.cbc.ca/m/news/business/canada-adds-59-000-jobs-in-may-1.3101712

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
That's unexpected good news. Too bad Manitoba's losing jobs, I thought it was supposed to be the shining beacon of Canadian mediocrity for the next year.

iv46vi
Apr 2, 2010

less than three posted:

I'm going to oddly enough agree with PT6A. Bedrooms without windows are great for the darkness aspect.

They are also not legal bedrooms:

quote:

That is why the National Building Code of Canada (NBCC) has very clear requirements as it relates to bedroom windows and how a bedroom window can serve three distinct purposes in the home:

1) Light (at least five per cent of the floor area served)

2) Ventilation (at least 0.28m2 or 3 ft2 or an adequate year-round mechanical ventilation)

3) Emergency Escape: (Article 9.7.1.3 & 9.7.1.4) An Emergency Escape requires that each bedroom must have a door that leads directly to the exterior of the building or have a properly-sized egress window that can be opened from the inside without the use of keys, tools, hardware or special knowledge* (unless this bedroom has a sprinkler system installed).

Precambrian Video Games
Aug 19, 2002



The Conservatives set up a $300+ million dollar fund for native Canadians to experience the pride and joy of home ownership. No jokes.. It has succeeded in funding the construction of a whopping 99 homes since 2008.

quote:

In the last eight years, the fund has grown to $344 million through non-housing investments, with administrative expenses, including stipends and travel, now costing about $3.6 million a year. But the take-up for actual fund-backed mortgages has been dismally low.

Ken Coates, a professor of public policy at the University of Saskatchewan, says the delays are no surprise, because housing on reserves has long been seen as a treaty right and the responsibility of the federal government, while market-based housing is a new concept that arouses skepticism among some First Nations.

...

Beaucage acknowledges the fund's initial plans were a "little naive," but says the fund is "starting to gain momentum.… Things are going to get better."

He cites the $5.4 million spent last year on so-called "capacity development," helping to educate First Nations in planning, governance and finance for new market-based housing. That requires much travel across the country, paving the way for perhaps 10,000 to 15,000 homes he says can still be built by 2018, the fund's 10th anniversary.

So they spend a little over 1% of the fund's value in administration. Ok fine, it's just the standard to enrich fund managers. But :lol: at spending $5.4 million to try to convince native Canadians to buy into our totally functional housing market. How does the government defend this poo poo, you ask?

quote:

"We want to see First Nations individuals to be able to have the pride, the security and the financial stability that comes with owning their own home," said Candice Bergen, minister of state for social development. :vomit:

"Of course, we always review programs to ensure that they meet the goals required, but we think it's important that First Nations individuals can own their own home on reserve. That's why we created this fund."

...

Critics say creating private ownership of homes on remote reserves can be difficult, as First Nations members often lack a credit history and steady income, and there is no thriving local housing market to sell into if owners want to move.

Yeah well what do those unnamed critics know?

RBC
Nov 23, 2007

IM STILL SPENDING MONEY FROM 1888

eXXon posted:

The Conservatives set up a $300+ million dollar fund for native Canadians to experience the pride and joy of home ownership. No jokes.. It has succeeded in funding the construction of a whopping 99 homes since 2008.


So they spend a little over 1% of the fund's value in administration. Ok fine, it's just the standard to enrich fund managers. But :lol: at spending $5.4 million to try to convince native Canadians to buy into our totally functional housing market. How does the government defend this poo poo, you ask?


Yeah well what do those unnamed critics know?

stopped reading at "market based solution"

RBC
Nov 23, 2007

IM STILL SPENDING MONEY FROM 1888
i lived in a shared rental apartment with one bedroom with no windows and we got the weirdest loving tenants who wanted to rent that room without fail

Furnaceface
Oct 21, 2004





I want to believe but I still get the feeling that they are leaving out some key information. They always do. I hate the job release stats, theres so much doctoring that we never see the big picture, like how many of those full time jobs are temporary/seasonal/contract and how many of those jobs are the second/third jobs people have had to take up just to get by.

Mederlock
Jun 23, 2012

You won't recognize Canada when I'm through with it
Grimey Drawer
You can be pretty much positive a significant portion of those jobs are seasonal roads/grounds/summer work

cougar cub
Jun 28, 2004

Low oil hasn't really sunk in for some oil workers in Alberta. Had a safety guy tell me he would prefer $940 a day but would be willing to settle for $900. He also asked if we had a FN partner he could work through so that he didn't have to pay taxes.

I mean, good on him if he can get that much but holy gently caress buddy.

sbaldrick
Jul 19, 2006
Driven by Hate

less than three posted:

I'm going to oddly enough agree with PT6A. Bedrooms without windows are great for the darkness aspect.

My wife works straight nights as a nurse, she would love a bedroom without a window (I would hate it).

apatheticman
May 13, 2003

Wedge Regret
Just wear sleeping masks.

Gorau
Apr 28, 2008

cougar cub posted:

Low oil hasn't really sunk in for some oil workers in Alberta. Had a safety guy tell me he would prefer $940 a day but would be willing to settle for $900. He also asked if we had a FN partner he could work through so that he didn't have to pay taxes.

I mean, good on him if he can get that much but holy gently caress buddy.

It really depends on how he's set up. If he's an independent contractor $900 a day is a pretty good price. Most contractors will have to pay for their truck, room and board, various payroll taxes, fuel, insurance and so forth. Along with that you don't work every day so you need to make a little more on per job contracts than long term contracts. I'd be surprised if he was taking home more than 350 a day honestly (before income taxes).

namaste friends
Sep 18, 2004

by Smythe

quote:



Ministry of Finance - Potential Implications of Reducing Foreign Ownership of BC's Housing Market

Ratings: (0)|Views: 1,026|Likes: 0

Published by Jeff Lee

B.C. Ministry of Finance briefing note on possible implications of a tax on luxury housing and a real estate speculator tax, with a look at how other jurisdictions are dealing with foreign ownership.

See more

 

Ministry of Finance Analysis Page 1DATE PREPARED:TITLE: Potential Implications of Reducing Foreign Ownership of

BC’s

Housing Market

 

ISSUE:

There is a perception that non-resident investors are driving anaffordability crisis in residential real estate

 SUMMARY:



 The key factors that drive the real estate market include: demographics, interestrates, geographical restrictions, and the health of the broader underlying economy.House prices are increasing in Greater Vancouver as a result of these factors.



 There is a perception that foreign investors and speculators are driving anaffordability crisis in residential real estate

 –

 particularly in Greater Vancouver.



 The data we have does not support this perception. Estimates of foreign investment

in BC’s housing market are subject to considerable uncertainty due to a lack of

conclusive data. However, industry experts estimate that foreign buyers likely makeup less than 5 per cent of home sales activity in Greater Vancouver.



 Some jurisdictions faced with rising house prices have taken a variety of measuresto curtail foreign investment in residential real estate.



 BC could implement policy measures to reduce foreign investment and take policymeasures to increase the affordability of housing by reducing its price.



 Measures to drastically reduce foreign investment would have the followingimplications:



 Likely little impact on general housing prices given the limited extent of

foreign investment in Greater Vancouver’s housing market.



 Roughly $1 billion in residential real estate sales, representing about 1,400units, would be lost.



 Roughly $350 million in nominal GDP would be lost. This translates into about0.2 per cent of BC's economy.



 Around 3,800 total jobs would be lost, mainly in the construction and realestate sectors.



 Housing starts would fall by about 760 units, more than the annual number ofstarts in Abbotsford-Mission in recent years.



 Further, if home prices fell by 10 per cent due to policy measures, then:

o

 Roughly $60 billion dollars in home equity would be lost, averaging about$85,000 per homeowner in the Greater Vancouve




https://www.scribd.com/doc/267770785/Ministry-of-Finance-Potential-Implications-of-Reducing-Foreign-Ownership-of-BC-s-Housing-Market

Juul-Whip
Mar 10, 2008

The rich would lose a percentage of their hard-won riches and we just can't have that.

Postess with the Mostest
Apr 4, 2007

Arabian nights
'neath Arabian moons
A fool off his guard
could fall and fall hard
out there on the dunes

What the christ??

There's a [stupid] perception that foreign ownership is driving prices higher.
The limited data we have is that less than 5% of home sale activity is foreign buyers.
Measures to drastically reduce this <5% of the market would have no effect on house prices and $1b less houses would be sold.
It will also crash the market by 10% making 60 billion dollars evaporate.
In conclusion, gently caress you.

namaste friends
Sep 18, 2004

by Smythe
Yeah, it's also written by an 11th grader. Anyway, the boc is likely to cut rates again so this is all moot.

Femtosecond
Aug 2, 2003

quote:

The data we have does not support this perception. Estimates of foreign investment in BC’s housing market are subject to considerable uncertainty due to a lack of conclusive data. However, industry experts estimate that foreign buyers likely makeup less than 5 per cent of home sales activity in Greater Vancouver.

"We don't have any data at all to support an informed stance, but these real estate guys told us it's all ok so I guess we're good."

The "it's only 5%" angle is really irritating to me. Yeah that's a small number, but it seems clear to me that even a small amount of purchases that have no relationship to the local economy could significantly distort the market.

The government is being willfully disingenuous.

cougar cub
Jun 28, 2004

Gorau posted:

It really depends on how he's set up. If he's an independent contractor $900 a day is a pretty good price. Most contractors will have to pay for their truck, room and board, various payroll taxes, fuel, insurance and so forth. Along with that you don't work every day so you need to make a little more on per job contracts than long term contracts. I'd be surprised if he was taking home more than 350 a day honestly (before income taxes).

Naw it was a company role with everything provided

Bloody Hedgehog
Dec 12, 2003

💥💥🤯💥💥
Gotta nuke something

Furnaceface posted:

I want to believe but I still get the feeling that they are leaving out some key information. They always do. I hate the job release stats, theres so much doctoring that we never see the big picture, like how many of those full time jobs are temporary/seasonal/contract and how many of those jobs are the second/third jobs people have had to take up just to get by.

The key info is that anytime a government says that X number of jobs were created, they leave out the fact that they're the most shittiest, dead-end, minimum wage, soul-shattering jobs possible.

ZShakespeare
Jul 20, 2003

The devil can cite Scripture for his purpose!

jm20 posted:

:qq: I thought houses only go up in value, why am I being punished :qq:

hahaha yeah people are so stupid not being able to predict getting laid off 26 years in the future and having their property destroyed by landslides and the insurance company weasling out of paying up hahaha gently caress that guy so much what an rear end in a top hat.

etalian
Mar 20, 2006

Bloody Hedgehog posted:

The key info is that anytime a government says that X number of jobs were created, they leave out the fact that they're the most shittiest, dead-end, minimum wage, soul-shattering jobs possible.

also includes things like part time time jobs

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

ZShakespeare posted:

hahaha yeah people are so stupid not being able to predict getting laid off 26 years in the future and having their property destroyed by landslides and the insurance company weasling out of paying up hahaha gently caress that guy so much what an rear end in a top hat.

It's easy to gloss over the facts and think someone else caused his financial problems, but if you actually make a timeline you might come to another conclusion which the article glossed over. The guy had 3 years between getting laid off and the landslide, so this is hardly a situation of circumstance rather than woeful financial incompetence. He spent either 3 or 4 years getting a nother job and will certainly not be able to pay back his amount owing over his useful working life.

Read your home insurance policy, and you would in fact know landslides are typically never covered either.

Anyways, it sucks for him, but he was the executor own his own financial downfall.

Helsing
Aug 23, 2003

DON'T POST IN THE ELECTION THREAD UNLESS YOU :love::love::love: JOE BIDEN

ZShakespeare posted:

hahaha yeah people are so stupid not being able to predict getting laid off 26 years in the future and having their property destroyed by landslides and the insurance company weasling out of paying up hahaha gently caress that guy so much what an rear end in a top hat.

The particular charm of this thread is that it's evenly divided between interesting discussions of the economy and sadbrains masturbating to financial distress porn.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Helsing posted:

The particular charm of this thread is that it's evenly divided between interesting discussions of the economy and sadbrains masturbating to financial distress porn.

I thought you would be the last person to tut-tut us about sniggering at some dude investing ~50% of his net worth in a recreational property.

HookShot
Dec 26, 2005

Helsing posted:

The particular charm of this thread is that it's evenly divided between interesting discussions of the economy and sadbrains masturbating to financial distress porn.
It's like bizarro world, where most of CI's posts are better than everyone else's!

Seat Safety Switch
May 27, 2008

MY RELIGION IS THE SMALL BLOCK V8 AND COMMANDMENTS ONE THROUGH TEN ARE NEVER LIFT.

Pillbug
So Ghost Lake, a place which I have only previously visited in order to use as a racetrack, is being kept deliberately low as part of flood mitigation measures.

Naturally, this impacts property values in the area, since the lake is no longer as lakey as it once was.

Seems like a hard decision to make. Flood a city of over a million people, causing untold catastrophic damage, or make a responsible infrastructure decision and tell a few cottages to fix their wells and buy a smaller boat.

Jan
Feb 27, 2008

The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.

Bloody Hedgehog posted:

The key info is that anytime a government says that X number of jobs were created, they leave out the fact that they're the most shittiest, dead-end, minimum wage, soul-shattering jobs possible.

Someone's gotta create those jobs now that TFWs aren't there to take them.

Big K of Justice
Nov 27, 2005

Anyone seen my ball joints?

Mederlock posted:

You can be pretty much positive a significant portion of those jobs are seasonal roads/grounds/summer work

Or film jobs.

I almost... Almost made it back to LA... Until the show I was supposed to work on got shifted to a vendor in Vancouver. So back I go. That means I'm getting counted twice as a created film job. I got to dig up that bc film calculator where you can plug in numbers and see how much money they'll give you to do any work in bc.

At least my new furnished rental is a month to month. I'll stick around bc long enough to get a larger downpayment on that desert ranch house I always wanted in the middle of nowhere in the southwest us.

Big K of Justice fucked around with this message at 14:21 on Jun 6, 2015

namaste friends
Sep 18, 2004

by Smythe
http://www.financialpost.com/m/wp/b...han-top-earners

quote:


It may appear the rich are reaping larger benefits from the real estate boom but a new report from Moody’s Analytics shows it’s actually low-income Canadians that are seeing the most improvement to their overall wealth on a relative basis.

Economist Adam Goldin parsed the numbers released from Statistics Canada this week that show total Canadian net worth (in constant 2012 dollars) rose $4.2 trillion from 1999 to 2012 with the largest gains going to households in the top 20 per cent income bracket.

But when you examine the impact on overall wealth, it’s low-income Canadians that have come out the big winner. Real estate’s share of total wealth rose to 57% from 46% during the period examined by StatsCan for low-income Canadian families which compares with a rise to 40% from 34% for high-income families.

Goldin said while the focus has been on the wealthy “the data also highlight real estate’s growing share of total wealth for low-income families compared with high-income ones.”

He says typically low-income people have most of their wealth tied up in their house. “Many of them were wiped out during the U.S. housing crash,” said Goldin, in a interview.

The economist noted overall wealth inequality has increased, according to the survey but he called the widening “minor” when compared with other nations.

During the period, average wealth for the top fifth of earners rose 80 per cent to $1.3 million from $722,000. StatsCan said 45 per cent of the gain could be attributed to real estate and 55 per cent to other assets.

The bottom 20 per cent saw their average wealth increase 38 per cent to $109,300 from $79,500. However, for that segment of the population, real estate was responsible for 73 per cent of the gain and other assets accounted for 27 per cent.

“Canada’s wealth distribution remained fairly constant during the 13-year period primarily because the nation’s housing correction during the Great Recession was short and shallow,” wrote Mr. Goldin, in his note. “Peak-to-trough loss in the U.S. were around 25% compared with 7% in Canada, while the downturn lasted nearly five years in the U.S., compared with one year in Canada.


etalian
Mar 20, 2006

let's get excited over wealth gains tied to a high illiquid asset.

MiddleOne
Feb 17, 2011

The contemporary definition of wealth is loving hilarious. Sure, it might be correct in a strictly academic sense but it makes dick all of sense when you apply it to actual people.

I would blow Dane Cook
Dec 26, 2008
Don't forget wealth effects. House went up in value(on paper), lets go shopping darlings. Chanel, Prada, LV, we've got equity darling.

namaste friends
Sep 18, 2004

by Smythe
It drives me crazy. You become a paper millionaire. Sell your loving house and live off the interest you morons.

AVeryLargeRadish
Aug 19, 2011

I LITERALLY DON'T KNOW HOW TO NOT BE A WEIRD SEXUAL CREEP ABOUT PREPUBESCENT ANIME GIRLS, READ ALL ABOUT IT HERE!!!

Cultural Imperial posted:

It drives me crazy. You become a paper millionaire. Sell your loving house and live off the interest you morons.

It's pretty hilarious, if you sell and get 1.1m after taxes and fees and such and you invest that a yearly return of 6% gets you 66k a year. There are plenty of places where you can live quite comfortably off of that, or you could get a job too and have two incomes and reinvest some of that money and retire at 50 and live the good life until your vices kill you.

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MickeyFinn
May 8, 2007
Biggie Smalls and Junior Mafia some mark ass bitches

eXXon posted:


quote:

"We want to see First Nations individuals to be able to have the pride, the security and the financial stability that comes with owning their own home," said Candice Bergen, minister of state for social development."


It surprises me that people think that home ownership endows a family with these things rather than being a consequence of them.

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