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How much do fresh grads from UT or UBC make?
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Dec 16, 2015 16:17
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| # ? May 12, 2024 21:46 |
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A new export market for us. CAD'll be booming again in no time: http://www.telegraph.co.uk/news/worldnews/asia/china/12051354/Chinese-buy-up-bottles-of-fresh-air-from-Canada.html
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Dec 16, 2015 16:19
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Lexicon posted:A new export market for us. CAD'll be booming again in no time: http://www.telegraph.co.uk/news/worldnews/asia/china/12051354/Chinese-buy-up-bottles-of-fresh-air-from-Canada.html Canadian company which started out bottling Rocky Mountains air as a joke has seen its product fly off the shelves in pollution-hit China, with first shipment selling out in four days
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Dec 16, 2015 16:42
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Im not sure if reading that makes me want to laugh or cry. Oil appears to be having a bad morning. Alberta appears to be blaming Notley. Water appears to still be wet.
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Dec 16, 2015 17:37
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Cultural Imperial posted:I hope you all get raped in the market today. gently caress all of you Heh like we can even afford to invest
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Dec 16, 2015 19:08
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15 minutes to lift off 
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Dec 16, 2015 19:43
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Cultural Imperial posted:15 minutes to lift off Just go buy a Whopper anytime you want man, they sell them all day. VVV JUST GIVE ME A HINT is it the US raising interest rates? Oh Trudeau is giving the news how bad could it be? he handsome. bring back old gbs fucked around with this message at 20:09 on Dec 16, 2015 |
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Dec 16, 2015 19:45
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I hope you like being poor bro
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Dec 16, 2015 19:58
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We have liftoff Get hosed all y'all assholes
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Dec 16, 2015 20:07
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R.I.P world economy
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Dec 16, 2015 20:19
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Why don't people invest in the states instead of being sad?
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Dec 16, 2015 20:28
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They are, that's why USD to cad is now 1.38 loving lol
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Dec 16, 2015 20:41
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The real big news is that the Fed has indicated they're planning to have 4 rate hikes in 2016. That's much more aggressive than almost everyone was expecting - it would bring us to 1.375 percent. What's the percent of principal these near interest only mortgages in B.C. are at? Like 2%? Bringing that to 3.3% is going to force some people out of their overpriced homes.
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Dec 16, 2015 21:03
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Myriarch posted:The real big news is that the Fed has indicated they're planning to have 4 rate hikes in 2016. They might try to postpone eviction at renewal by switching over to a var rate assuming Canada continues to have bad growth numbers. It might be a case of having quite a wide gap between var and fixed mortgage rates. Now if we start pushing people to var rates, and Canada starts growing the foreclosures will be immediate instead of at renewal.
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Dec 16, 2015 21:35
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Oh nooo I might have to pay 60% of what renters do for the same thing instead of 50%.
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Dec 16, 2015 22:28
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James Baud fucked around with this message at 11:12 on Aug 25, 2018 |
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Dec 16, 2015 22:55
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James Baud posted:What are you going on about? It's way cheaper to rent than buy in Vancouver, etc, unless you crank the annual price appreciation dial way up on a rent vs buy calculator and also foolishly assume you won't move in roughly 3x as long as will actually prove true.
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Dec 16, 2015 23:45
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Reverse Centaur posted:Oh nooo I might have to pay 60% of what renters do for the same thing instead of 50%. Filed under "has no idea what they're talking about." Renting has been cheaper than buying, at least in Toronto, for nearly a decade.
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Dec 17, 2015 01:01
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I'm paying $700 per month for a north shore condo (i.e. one of the most expensive parts of the most expensive city) that would rent for at least twice that. But yes I don't know what im talking about, clearly. Edit: yes, maintenance, etc, brings it a little closer, but the point stands. Until your glorious market collapse happens, I didn't make a mistake by buying 10 years ago, and will probably still be better off after the crash. UnfortunateSexFart fucked around with this message at 01:26 on Dec 17, 2015 |
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Dec 17, 2015 01:18
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Look you dumb fucks, I can put down enough down payment on a house in Vancouver that I would be paying less that I am currently paying in rent per month. You loving retards talk about housing costs vs renting like the principal amount owed doesn't factor into them. Shut the gently caress upppppppp
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Dec 17, 2015 01:46
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Just renewed my mortgage. My rate went down by 1 percent. Oh well. Sucks to be me.
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Dec 17, 2015 02:38
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SpannerX posted:Just renewed my mortgage. My rate went down by 1 percent. Oh well. Sucks to be me. Talk about dodging a bullet by a hairs breadth.
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Dec 17, 2015 02:40
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Reverse Centaur posted:I'm paying $700 per month for a north shore condo (i.e. one of the most expensive parts of the most expensive city) that would rent for at least twice that. But yes I don't know what im talking about, clearly. If, after reading this thread, you feel personally attacked about a condo you bought in 2005, you're really missing the point. The unprecedented credit expansion of 2008-9, in Canada, and the failure to unwind in any meaningful way over the following 7 years is the culprit. If you're trying to argue that buying a condo in Toronto in the current market is less expensive than renting, I don't know what to say to you that hasn't already been said. You're wrong and the information is in front of you if you'd care to read it.
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Dec 17, 2015 02:41
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Unless you bought recently, doesn't the rate increase just force a few house poor people to liquidate for a loving enormous profit?
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Dec 17, 2015 02:42
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Vehementi posted:Unless you bought recently, doesn't the rate increase just force a few house poor people to liquidate for a loving enormous profit? To whom?
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Dec 17, 2015 02:45
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Holy poo poo did the sa short bus just unload into this loving thread
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Dec 17, 2015 02:47
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ocrumsprug posted:To whom? Failed to say in Vancouver, wherein the answer is "to all the people buying houses in Vancouver for hilarious amounts of money". Or do you also feel the rate increase will stop those sales? I'm just saying, if you bought 4 years ago your poo poo is worth 30%++ more now, so if you're forced to sell, big deal.
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Dec 17, 2015 02:55
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If you're forced to sell right now during the bubble it's probably for your own good (if you bought many years ago). Rates going up and forcing people to sell and then resort to humiliating renting for a few years while prices drop would probably be really good for them financially.
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Dec 17, 2015 03:05
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I'm fine with renting as long as it's not a basement or one of those horrid tenements from the 80s with the basement laundries, rat infestations, bed bugs and roaches.
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Dec 17, 2015 03:09
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People that start to feel a pinch but sell immediately will do okay. It's the people that try to maintain the status quo for as long as possible, tapping ever single source of credit who will be hosed because when they are eventually forced out they will default on their mortgage or there wont be any buyers. You have to know when to cut your losses and it turns out, most people don't. Which is why you end up with people keeping dead restaurants open way too long while bankrupting themselves and serving microwaved frozen food.
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Dec 17, 2015 03:12
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Cultural Imperial posted:Holy poo poo did the sa short bus just unload into this loving thread Toot toot all aboard.
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Dec 17, 2015 05:17
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In keeping this with thread's Australian bent, here's an aussie site reporting on Canada's bubble: http://www.macrobusiness.com.au/2015/12/canada-takes-action-against-liar-loans/
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Dec 17, 2015 09:25
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Cultural Imperial posted:Holy poo poo did the sa short bus just unload into this loving thread Who, me? Maybe, but I'm not in some McMansion, 10 minutes to work by car (can't take a bus, too far to walk) and I'm better than half paid off on this thing with my mortgage being my only loan outstanding. Still making investments, and have a pension at the end of this permanent job. To rent what equals this house around here now I'd be paying more than the mortgage. Still have to live somewhere, and the wife likes the place. Though she could change her mind. That's what I have to avoid, her wanting to move into something more expensive further out of town.
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Dec 17, 2015 09:26
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Cultural Imperial posted:Look you dumb fucks, I can put down enough down payment on a house in Vancouver that I would be paying less that I am currently paying in rent per month. You loving retards talk about housing costs vs renting like the principal amount owed doesn't factor into them. Shut the gently caress upppppppp Lol this is his first post in the thread Reverse Centaur posted:My 1970s North Vancouver condo had a $10,000 per unit special assessment for new pipes (leaks all over every few months) and now everyone's trying to sell and no one can. It's a trendy area close to the ocean and downtown but new 500 sq foot condos go for $300,000 and anyone who bought in the last five years spent more than that. I paid $230k in 2005 and would be lucky to get my money back right now. Luckily I can afford to stay put, but I seem to be in the minority. ~pride of ownership~
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Dec 17, 2015 10:11
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blah_blah posted:~pride of ownership~ That was 1.5 years ago. Now units sell for much more without any effort. But yeah I was freaking out a bit back then. I'm not saying ownership is guaranteed better, but so far for me it has been despite almost everything going wrong since 2005. And I know it could still get worse.
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Dec 17, 2015 10:25
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Cad to USD is at an 11 year low Lol get fuckedddddddd
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Dec 17, 2015 16:13
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More like USD to CAD is at an 11 year high, party time (for software companies that bill non-canadians in USD).
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Dec 17, 2015 16:22
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Ikantski posted:More like USD to CAD is at an 11 year high, party time (for software companies that bill non-canadians in USD). No kidding. I can sell my US house for what I paid for it when the dollars were at parity and make $50,000+ in CAD when I come home.
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Dec 17, 2015 16:30
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Cultural Imperial posted:Look you dumb fucks, I can put down enough down payment on a house in Vancouver that I would be paying less that I am currently paying in rent per month. You loving retards talk about housing costs vs renting like the principal amount owed doesn't factor into them. Shut the gently caress upppppppp gently caress yoooooooooou
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Dec 17, 2015 16:33
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| # ? May 12, 2024 21:46 |
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Reverse Centaur posted:I'm paying $700 per month for a north shore condo (i.e. one of the most expensive parts of the most expensive city) that would rent for at least twice that. But yes I don't know what im talking about, clearly. What are your condo fees?
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Dec 17, 2015 16:57
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