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Fuzzy Mammal posted:Just like last summer I was just in Nova Scotia visiting the parents for a week and it is depressing as ever. If you try real hard you can find children so it's not entirely constituted of seniors. Aside from a few university towns and top-end tourist attractions it is just atrophying away... If you want to be depressed look at the economic plans that the various towns have for revival. Reopening the old coal mines! A ferry from Yarmouth to Maine (that stops for 30 minutes in Yarmouth)! It's like they can't think of any plans other than going back to what things were like in their day. They do not invest in modern infrastructure (e.g. Eastlink caps rural internet at like "15" MB down and 2 up, and the stretch of highway from Canso to Sydney is the worst I've ever seen in Canada) and on social issues they are 20 years behind Canada. The mayor of Sydney spends his time arguing for public prayer at his meetings. The mayor of Shelburne threw a shitfit because people thought her Duck Dynasty themed "Redneck Contest" was actually kind of racist. Halifax will be fine, but the rest of the province is going to fall off a cliff. edit: left out some relevant recent poo poo Isentropy fucked around with this message at 23:34 on Jul 21, 2015 |
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Jul 21, 2015 23:32
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Isentropy posted:If you want to be depressed look at the economic plans that the various towns have for revival. Reopening the coal mines! A ferry from Yarmouth to Maine! (that stops for 30 minutes in Yarmouth) It's like they can't think of any plans other than going back to what things were like in their day. They do not invest in modern infrastructure (e.g. Eastlink caps rural internet at like "15" MB down and 2 up, and the stretch of highway from Canso to Sydney is the worst I've ever seen in Canada). Yeah. I hear you. My parents were bitching because apparently they're closing that highway and all the heavy freight traffic that is ferry-bound for Newfoundland will be taking the southern route through St Peters. Which is funny because that road is also hilariously bad. They resurface 1/8th of it every summer and by the time they're done they have to start over at the other end again because it's fallen apart. Port Hawkesbury is on life support now that the paper mill is mostly shut down. Baronjutter posted:You spend 4-5 grand a MONTH??? Haha that's nothing. Let me just copypasta from the investing mailing list at work. Please excuse the formatting and read bottom up. quote:Yup, Adam explained it very well. Most of the points actually came from sign up bonuses. Most cards will give you anywhere from 25k to 100k points after spending anywhere from $500 to $10k.
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Jul 21, 2015 23:39
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Just FYI you're kind of revealing your employer with that post.
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Jul 21, 2015 23:44
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Square Peg posted:Yeah our last IT guy would always make company computer and software purchases through his personal card and then expense it back and kept the points. Holy poo poo thsts brilliant I'm gonna talk to our procurement guy about doing this a few dozen times. Maybe it'll get me to finally ask for a higher limit on my card.
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Jul 21, 2015 23:55
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OhYeah posted:So there are people working for the oil industry who made 6k+ a month and had nothing saved? Like not even a grand so you can survive one month without using a credit card for loving grocery shopping? Dude, I know a couple who both work(ed) in the oil industry; combined they made almost $300k/year before taxes and they were living paycheque to paycheque. Now that they're both out of work (who'd have thought that at the first sign of a downturn that all the inexperienced and overpaid staff would be the first against the wall?) things are about to get...interesting...for them. And here I am with less than a quarter of their income, saving more money than I know what to do with, frankly. I just hope to hell they don't come asking me a loan. Either that or I'll give it to them, then get my cousin Guido to get them to pay up when the time comes...
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Jul 22, 2015 00:12
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MeinPanzer posted:So because of a family medical emergency I'm back for a few months from the States to live in Vancouver with my parents. They live in Victoria normally and they've been lucky enough to be able to stay in a condo owned by a family friend in Kitsilano. The whole area is full of Lululemon-clad housewives parading around tiny dogs and over the last couple of weeks every single conversation I've overheard the neighbour having on his patio has been about flipping properties. this video is accurate https://www.youtube.com/watch?v=mXQCABue8y8
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Jul 22, 2015 00:34
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blah_blah posted:Just FYI you're kind of revealing your employer with that post. It's in his profile anyway.
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Jul 22, 2015 00:40
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It's me, the h1-b dink expat who hoovered up a taxpayer subsidised degree and fled to america!
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Jul 22, 2015 00:47
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Fuzzy Mammal posted:
Jesus, I'm sure if I tried something like that I'd gently caress it up and end up like 200k in debt. Don't the credit card companies close loop holes like that? It all reads like The Gang's steak and chicken airmiles scam.
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Jul 22, 2015 00:57
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Baronjutter posted:You spend 4-5 grand a MONTH??? FYI 4 grand net is something like 70k salary wise so I'm not sure how you think it's a ton of money.
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Jul 22, 2015 01:35
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jm20 posted:FYI 4 grand net is something like 70k salary wise so I'm not sure how you think it's a ton of money. Because earning 4k per month is not the same as spending 4k per month on consumption
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Jul 22, 2015 01:46
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Mantle posted:Because earning 4k per month is not the same as spending 4k per month on consumption Look at these poors.
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Jul 22, 2015 01:49
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drat, I can't even think of what to spend $4k a month on aside from mortgage, cars, tuition.
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Jul 22, 2015 01:58
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Baronjutter posted:Jesus, I'm sure if I tried something like that I'd gently caress it up and end up like 200k in debt. Don't the credit card companies close loop holes like that? It all reads like The Gang's steak and chicken airmiles scam. Yeah credit card companies have gone after things like reward miles.
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Jul 22, 2015 02:11
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According to this thread about airmiles abuse, CC companies are tightening it up, but they are not "loopholes" - everyone ends up profiting. https://news.ycombinator.com/item?id=9916974
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Jul 22, 2015 02:46
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this my little pony avatar guy seems pretty well off
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Jul 22, 2015 03:21
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cowofwar posted:drat, I can't even think of what to spend $4k a month on aside from mortgage, cars, tuition. Food, liquor, travel. Those are basically three of my favourite things, and I could increase spending on any one of them to an arbitrary level if I so chose. There's still the question of why people with nothing in the bank would prioritize those things over saving for a rainy day, other than sheer stupidity and greed, but I do see the attraction.
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Jul 22, 2015 03:41
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Rime posted:With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower According to a Fraser Insititute study. The Toronto Star has a story about why the comparison between Ontario and California is BS. Of course I'm biased against Fraser because it's a Fuzzy Mammal posted:Just like last summer I was just in Nova Scotia visiting the parents for a week and it is depressing as ever. If you try real hard you can find children so it's not entirely constituted of seniors. Aside from a few university towns and top-end tourist attractions it is just atrophying away... Why do so many seniors move to Nova Scotia? It's weather can't be very good for them, and tax rates on goods and services are higher here than in other provinces. I would think people living on a fixed income would move somewhere else. Ccs fucked around with this message at 03:47 on Jul 22, 2015 |
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Jul 22, 2015 03:43
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For one California is running a large budget surplus.
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Jul 22, 2015 03:47
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From now on, if you make less than 100k/year, gtfo out of this thread. Starting here <------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------>
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Jul 22, 2015 03:51
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More like if you dont have 100k or more in personal debt you cant post here.
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Jul 22, 2015 04:03
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Ccs posted:Why do so many seniors move to Nova Scotia? It's weather can't be very good for them, and tax rates on goods and services are higher here than in other provinces. I would think people living on a fixed income would move somewhere else. It's more just that seniors are the only ones who haven't gotten the gently caress out by now.
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Jul 22, 2015 04:19
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Ccs posted:According to a Fraser Insititute study. The Toronto Star has a story about why the comparison between Ontario and California is BS. lmao the meltdown was on how dare Ontario issue more muni bonds to repair and improve province infrastructure.
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Jul 22, 2015 05:06
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Its earnings season, but some good poo poo I wanted to share. Yes I am that pathetic that I copy links down to read later. https://twitter.com/dbcurren/status/623655749089103872 http://www.economist.com/blogs/buttonwood/2015/07/commodities http://www.valuewalk.com/2015/07/searching-for-natural-hedges-against-interest-rate-risk/ http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2632024 And now, http://www.zerohedge.com/news/2015-07-21/wall-street-prepares-reap-billions-another-main-street-wipe-out and for those who asked. Dollar Cad is over, there is only 10 basis points left that the BoC can cut, due to the limits of Canadian bond market depth and inventory of bonds on standby. This also means a QE program will be stupidly short lived, since QE needs a free supply of floating bonds to purchase inorder to force bond holders into equities and equity like risk. However, if the economy gets worse, QE and Twist will come to Canada. In which case, if you think inflation was bad now in Vancouver, look at that UK and Seattle mean home price chart again, study it. Love it.
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Jul 22, 2015 05:58
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Cultural Imperial posted:From now on, if you make less than 100k/year, gtfo out of this thread. Salary or Investment or combined? Furnaceface posted:More like if you dont have 100k or more in personal debt you cant post here. If you have a part time job you qualify for a 100k mortgage 
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Jul 22, 2015 06:11
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jm20 posted:If you have a part time job you qualify for a 100k mortgage
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Jul 22, 2015 06:18
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I want to believe, Hal, I want to believe, but you always sound like a crank from /r/collapse and I just can't take that seriously anymore.
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Jul 22, 2015 06:37
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Let me get this straight, austerity is good because it summons the ~confidence fairy and enables the government to build up a warchest of dry powder for some hot hot bailout money. Naturally, the captains of industry will start to spend money and invest in their businesses, creating jobs. This will somehow happen in the face of shrinking global demand for, well, anything. So now we're lowering interest rates to weaken the dollar to attract foreigners to buy our goods and that isn't working either (unless you're selling houses) and worse, we've only got about 10 basis points left to cut. Once Poloz has bottomed out the overnight rate, he'll have to resort to buying bonds and poo poo. Except that there isn't that much bonds for him to buy. So in summary, austerity is good because ¯\_(ツ)_/¯
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Jul 22, 2015 13:11
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Austerity is up there alongside trickle down economics.
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Jul 22, 2015 14:49
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jm20 posted:Austerity is up there alongside trickle down economics. Not really, because trickle down economics is a very fuzzy subject and you can use vague arguments to claim it works which might be difficult to argue against but austerity is demonstrably an idiotic idea and it can never work. Like I said before, austerity is a question of philosophy and not a question of economic policy.
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Jul 22, 2015 15:02
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Europe is giant case study in why austerity is a bad idea.
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Jul 22, 2015 15:20
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quote:http://www.huffingtonpost.ca/2015/07/20/crooked-house-toronto_n_7833452.html
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Jul 22, 2015 16:39
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Man, I really wonder what's going to happen to all these loving suburb developments that have been popping up along the north coast in the most buttass remote locations. Like, pay $50,000 to buy a half acre in a "planned community" and deal with a Homeowners Association 100km from any civilization. It's retarded, and driving up the price of remote rear end land too high for any crazy people to actually buy said land and get away. I've become convinced that the end of crown land sales / exemptions in the 1970s was a deliberate attempt to gently caress us all down the line by making it extremely hard to acquire allotments if you aren't rich as gently caress. We must have the least available titles per capita of any western nation. Ex: http://www.bcoceanfront.com/oceanfront-minstrel-island-oceanfront-properties?id=437 As soon as I'm employed again I'm taking out a $50,000 mortgage and buying up by Bella Coola or Porcher. gently caress having to interact with Canadians. Rime fucked around with this message at 18:14 on Jul 22, 2015 |
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Jul 22, 2015 17:32
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jm20 posted:Crooked House On Shaw Street In Toronto Listed For $688,800 Pretty good deal, I lived around the corner in a similar house (built 1890) in somewhat better condition and it could sell for $1.2M easily. Tear it down and build a gaudy oversized house and you could do well for yourself. Or just sit on it for land value, we got constant lowball solicitation from developers trying to buy up the block.
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Jul 22, 2015 18:41
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Rime posted:As soon as I'm employed again I'm taking out a $50,000 mortgage and buying up by Bella Coola or Porcher. gently caress having to interact with Canadians. move to savory island. it's still cheap (cause you need a boat)
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Jul 22, 2015 19:44
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Funny story, we put an offer in on the house on the far right in 2007 (it was listed at $399K at the time and we went for full asking and were outbid). The house we looked at was crooked as poo poo, but this house above was much much worse, and was also in a state of extreme neglect - it had no less than three broken windows that I could see, and had a bunch of scrap metal piled in the backyard. Our concern with the house on the right was less that it was crooked (it was very crooked, you could put a pencil on the ground and it'd roll across the room easily) but that the owners of the house above would let that thing collapse into ours. The area is gorgeous and I doubt you could buy anything decent there for less than $875K, but I think tearing it down would be easier said than done. I think there's an underground creek or something running in between both houses which means that any new property would eventually sink like that too without some major engineering involved. e: from the looks of it, someone did some serious work on the house we originally bid on. It was leaning at a much more extreme angle in 2007.
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Jul 22, 2015 19:49
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flashy_mcflash posted:Funny story, we put an offer in on the house on the far right in 2007 (it was listed at $399K at the time and we went for full asking and were outbid). The house we looked at was crooked as poo poo, but this house above was much much worse, and was also in a state of extreme neglect - it had no less than three broken windows that I could see, and had a bunch of scrap metal piled in the backyard. Our concern with the house on the right was less that it was crooked (it was very crooked, you could put a pencil on the ground and it'd roll across the room easily) but that the owners of the house above would let that thing collapse into ours. The article says the house on the right underwent a full renovation by the current owners. Some sick part of me wants to see property values jump double digits every month just to see how high it can go. Were past the point of a soft landing or even moderate reset at this point so whatever. Bring on the guillotine.
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Jul 22, 2015 20:01
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jm20 posted:Crooked House On Shaw Street In Toronto Listed For $688,800 That house is a duplex, so it's $688,800 for half, $1,377,600 for the whole lot. I like how realtors have to put lots of 8s in the price to attract Chinese buyers. Here are the listings: 868 Shaw St, Toronto, ON, M6G 3M2 866 Shaw St, Toronto, ON, M6G 3M2
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Jul 22, 2015 23:52
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As seen on YTV: https://www.youtube.com/watch?v=p-x-MSpesX4
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Jul 23, 2015 01:15
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speaking of bubbles, greedy chinese get fleeced by the stock bubble: http://www.nytimes.com/2015/07/23/business/international/stock-downturn-hits-chinese-investors-in-the-heart-not-just-the-wallet.html quote:Amateur traders turned to numerology long a fixture of Chinese culture to pick the best investments. Some purchased prayers beads made especially for investors in hopes of boosting their luck.
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Jul 23, 2015 02:07
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