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http://www.theglobeandmail.com/repo...rticle25482176/quote:Big realtor warns against rate cut, fears ‘more difficult correction’ loving lol A loving realtor wants the BoC to PLEASE THINK OF OUR EQUITY
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Jul 14, 2015 20:26
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the talent deficit posted:Hospitals, fire departments and schools are built to a standard high enough that if they are taken down in an earthquake you probably have other things to worry about. Like how pretty your corpse is. Isn't that going to be the main issue though? If Vancouver gets "the big one", isn't it supposed to potentially be the strongest earthquake in recorded history. Which means standards don't mean poo poo when literally nothing can stand up to force of the earthquake.
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Jul 14, 2015 20:30
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Look what I really want to know is whether I should buy some parachutes and/or hang gliders and be on my balcony ready to ditch my condo building if it starts to crumble.
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Jul 14, 2015 20:39
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Lol at that loving housing development less than 1km away from the YVR runways. I've often had lunch at Aberdeen like 5km away and the descending/ascending planes would give me a jump. I can't imagine how insanely desperate for luxury housing in the ~world class city~ of Though who am I kidding, it's not like the houses will actually be inhabited.  Or if they are, it won't be by the owners, but rather 20 ESL students crammed in curtained-off  rooms at 800$/mo.
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Jul 14, 2015 20:54
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Post earthquake the housing market will suffer a small correction because most of Vancouver will be on fire, or but then people will realize it's now time to buy, because on average it'll be another 250 years until the next mega quake.
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Jul 14, 2015 20:55
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I would imagine after an earthquake people would pay double to get into a house now
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Jul 14, 2015 21:00
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Femtosecond posted:Post earthquake the housing market will suffer a small correction because most of Vancouver will be on fire, or but then people will realize it's now time to buy, because on average it'll be another 250 years until the next mega quake. Yep. Take a look at what happened to new Orleans after Katrina.
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Jul 14, 2015 21:00
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Aren't some of the new condos at the base of the Don River in Toronto sinking? That's all reclaimed land that was Lake Ontario a hundred years ago. I was told that the Canadian Tire at Leslie and Lakeshore is sinking too, they've had to remove all their garage bay doors because the structure has shifted so much.
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Jul 14, 2015 21:01
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Hope realtors are banking all their commission because when the bubble pops they will actually have to work to move inventory. We like to go to open houses despite having no intention of moving, just to get an idea of what's going on in the area. Every realtor hasn't been able to tell me anything about the house other than the obvious cosmetic features. They don't deserve their commission at all given that they only do a couple hours of paper work and show up to the open house before an offer comes in.
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Jul 14, 2015 22:24
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cowofwar posted:Hope realtors are banking all their commission because when the bubble pops they will actually have to work to move inventory. Every realtor I know sinks all their money into buying more investment condos which they mortgage to get the downpayment for their next investment condo. Realtors aren't really clever scam artists, they're really drinking their own Koolaid because they're just that dumb.
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Jul 14, 2015 22:32
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Also is anything in Canada not a luxury rental or condo or house anymore? There only seems to be two types: investment property (code for run down piece of poo poo in which renters are forced to live for $$$), or luxury units that are basically the same as above, generally tiny but they have granite countertops. The number of houses I've seen with shiny kitchens but with obvious foundations or brick/mortar in disrepair asking near million dollar levels is incredible. Most of these kitchens are clearly not even designed or used by someone that cooks. I spend almost all my free time in my kitchen and the layout is extremely important, stuffing fridges in corners, having sinks bizarrely far away, having massive empty space in the center, having useless islands blocking flow, just so many terrible kitchens. I get the sense that everyone is buying from a speculation point or view, not one that looks for functionality, security or anything else that is important for a home. cowofwar fucked around with this message at 22:41 on Jul 14, 2015 |
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Jul 14, 2015 22:38
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cowofwar posted:Also is anything in Canada not a luxury rental or condo or house anymore? There only seems to be two types: investment property (code for run down piece of poo poo in which renters are forced to live for $$$), or luxury units that are basically the same as above, generally tiny but they have granite countertops. Cargo cult house flipping. The TV showed me someone installing granite in a lovely house and making an extra 100k so I too will do that. Every buyer is also an investor with their mind primarily on re-sale value so they buy that poo poo up. They could put a 2nd layer of granite on top and DOUBLE their profit!
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Jul 14, 2015 22:42
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Canadians loving love premium this and luxury that. I've never seen such egregious abuse of those words anywhere else.
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Jul 14, 2015 22:50
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TV Host - "So, what do you guys think of property number 1?" Man - "Seems fine." Woman - "I like it, but it doesn't have the upgrades I want. There's no granite countertops..." TV Host - "It's got great access to schools and shopping, though. And there's a great park next door." Woman - "... but, but granite countertops!"
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Jul 14, 2015 22:59
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Canadian speculators will eventually learn about the concept of inherent value when the run-down house near transit and schools holds its value while their suburban mcmansion in a food desert drops by half and their 600 sqft investment condo down by the train tracks sits empty and unwanted while the building turns in to a ghetto.
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Jul 14, 2015 23:04
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cowofwar posted:The number of houses I've seen with shiny kitchens but with obvious foundations or brick/mortar in disrepair asking near million dollar levels is incredible. Most of these kitchens are clearly not even designed or used by someone that cooks. I spend almost all my free time in my kitchen and the layout is extremely important, stuffing fridges in corners, having sinks bizarrely far away, having massive empty space in the center, having useless islands blocking flow, just so many terrible kitchens. I get the sense that everyone is buying from a speculation point or view, not one that looks for functionality, security or anything else that is important for a home. It's because most people don't bother to cook any more, hence the proliferation of lovely restaurants to cater to their laziness. I share your frustration with awful kitchens with lovely loving storage space and an absurd layout. Besides, anyone who's ever had them knows the real luxury countertop is Corian because you can then have sinks with no annoying lip for poo poo to get caught in. My folks have that, and it's the loving best. Makes cleanup a snap, and looks every bit as good as granite in my opinion.
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Jul 14, 2015 23:05
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My countertops are made out of laminated glue and saw dust which is nice because it is quiet and my nice glass and ceramics don't detonate on contact. I have a lot of dinner parties and no one has ever cared, although perhaps I have been secretly judged. At least an old kitchen is cozy and warm. A modern kitchen in which you eat microwave dinners is dead and sad. The kitchen thing is actually such a weird concept because people who can cook well don't actually use any of that poo poo. Induction cook tops, super heavy copper pots, granite, and all those other lovely overpriced low quality but pretty looking things at kitchen boutique stores. It's all form over function and someone that does a lot of cooking is all about function since it will all get tarnished and scratched with use and needs to be resilient. cowofwar fucked around with this message at 23:25 on Jul 14, 2015 |
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Jul 14, 2015 23:21
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PT6A posted:It's because most people don't bother to cook any more, hence the proliferation of lovely restaurants to cater to their laziness. I share your frustration with awful kitchens with lovely loving storage space and an absurd layout. Look at this pleb, doesn't even know about under-mount sinks
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Jul 14, 2015 23:23
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I really like induction stoves. Probably the fastest heating stove that I've ever used.
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Jul 14, 2015 23:37
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PT6A posted:Besides, anyone who's ever had them knows the real luxury countertop is Corian because you can then have sinks with no annoying lip for poo poo to get caught in. My folks have that, and it's the loving best. Makes cleanup a snap, and looks every bit as good as granite in my opinion. My ~luxury rental building~ has undermount sinks and they are really nice, not sure if this is the precise material though. On the other hand it has a lovely 2-element electric stove but who cooks anyways?
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Jul 14, 2015 23:46
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Cultural Imperial posted:Canadians loving love premium this and luxury that. I've never seen such egregious abuse of those words anywhere else. My friend you have not lived in Asia.
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Jul 14, 2015 23:58
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blah_blah posted:My ~luxury rental building~ has undermount sinks and they are really nice, not sure if this is the precise material though. Wow bay area working poor itt. #donthave5million
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Jul 15, 2015 00:00
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Induction is great with cast iron pans
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Jul 15, 2015 00:10
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Cultural Imperial posted:Wow bay area working poor itt. If I didn't get 3 gourmet meals a day at work I'd probably starve.
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Jul 15, 2015 00:28
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blah_blah posted:If I didn't get 3 gourmet meals a day at work I'd probably starve. Being a lazy piece of poo poo who's bad at cooking and too ashamed to eat out has really helped me lose weight.
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Jul 15, 2015 00:38
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apatheticman posted:Look at this pleb, doesn't even know about under-mount sinks Judging by google images, there's still a lip on some if not all of the undermount sinks. With Corian, it's a continuous surface because it's the same material. It's spendy as gently caress compared to a normal metal sink, but that's acutal luxury for you, isn't it?
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Jul 15, 2015 00:40
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blah_blah posted:If I didn't get 3 gourmet meals a day at work I'd probably starve. You and all your colleagues will be first up against the wall.
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Jul 15, 2015 00:47
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Do modern inductions still buzz or hum when in use, or is that something they've solved by now?
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Jul 15, 2015 00:47
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Cultural Imperial posted:You and all your colleagues will be first up against the wall. Yeah, I've always assumed that that existential risk is factored into our salaries.
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Jul 15, 2015 01:20
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Bloody Hedgehog posted:Do modern inductions still buzz or hum when in use, or is that something they've solved by now? They still buzz like crazy.
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Jul 15, 2015 02:00
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lol http://www.bloomberg.com/news/articles/2015-07-14/oil-rout-idling-canada-factories-may-force-second-poloz-rate-cut quote:Brett Murray has a million pounds of steel plates sitting on the floor of his plant north of Toronto. The chief executive officer of Jebco Industries Inc. has to figure out what to do with them after Royal Dutch Shell Plc canceled a major equipment order last week.
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Jul 15, 2015 02:20
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They'll refit to make breweries and fermenting tanks for craft beer, don't worry.
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Jul 15, 2015 02:31
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etalian posted:lol I drive past this place on the way to work, its massive and one of the last surviving manufacturing plants that employs a decent number of people.  Ceciltron posted:They'll refit to make breweries and fermenting tanks for craft beer, don't worry. There is so much unintended(?) irony in this post. In case you arent familiar, Barrie used to be the location of Molson's second largest brewery plant until they closed it back in the 90s. Also, the countries largest indoor grow op bust was discovered inside the empty plant a few years later. Barrie, people are still moving here for some reason.
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Jul 15, 2015 03:14
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Barrie the best place on earth. Everyone wants to move there for the scenery, the restaurants, the world class
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Jul 15, 2015 03:45
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Cultural Imperial posted:Barrie the best place on earth. Everyone wants to move there for the scenery, the restaurants, the world class When I think "Jobs, Prosperity, and The Canadian Way of Life", I think about Barrie, Ontario
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Jul 15, 2015 03:49
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Furnaceface posted:
That's crazy, I had no idea
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Jul 15, 2015 03:50
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Cultural Imperial posted:Barrie the best place on earth. Everyone wants to move there for the scenery, the restaurants, the world class The reason I hear the most is "to be closer to the cottage".
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Jul 15, 2015 03:50
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Considering how long weekend traffic on the 400 from south of Barrie to Parry Sound makes rush hour on the 401 seem downright pleasant, I can almost believe that. Except for the fact that drat near everyone in Barrie gets stuck in traffic on the way home from working in Toronto so really there's no advantage.
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Jul 15, 2015 04:15
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EvilJoven posted:Considering how long weekend traffic on the 400 from south of Barrie to Parry Sound makes rush hour on the 401 seem downright pleasant, I can almost believe that. Ill take a picture of the 400 northbound on Friday and southbound on Sunday just so you have an idea. Its mind boggling, especially on long weekends where Ive heard that they have estimated over a million vehicles travel through the city via the 400. I have no idea how people can afford the time or cost to do it every drat weekend in the summer.
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Jul 15, 2015 04:30
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I did that trip once when they were in the middle of extending the 401 and there was still a large section that went from 2 lanes per direction down to one. Picture hundreds of thousands of cars all waiting to merge because nobody in this entire country seems to understand how to zipper merge. And then someone has an accident. I at one point coming home I decided to be That Guy, went up up the off ramp and back down the on ramp heading in the same direction (I think here https://goo.gl/maps/C4xgb ). We watched the cars behind us and timed it. It saved us over twenty minutes. It was literally a walking pace.
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Jul 15, 2015 04:46
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