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the talent deficit posted:is it even possible to get from chilliwack or abbotsford to vancouver without using something like greyhound? seriously i have no idea. Literally the only way to do it from Abbotsford is to take the bus to Mission and be on the West Coast Express that takes you to Vancouver about 5 times a day on weekdays and the last train leaves at like 8:30am or something. Then you have to do the reverse from 3-7pm to get home. If you want to get to Vancouver from Abbotsford or Mission any other times on public transit you're SOL. And Chilliwack you just can't do it.
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Apr 2, 2016 21:43
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Incorrect, there's a bus now: http://www.chilliwacktimes.com/news/290942261.html quote:Chilliwack residents will, for the first time, be able to take public transit to Abbotsford and Langley, which will link them to other systems to travel as far as Vancouver and on to the ferry terminals. Ridership is pathetically low though, might get cancelled.
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Apr 2, 2016 22:58
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I just did this a couple of times, from Victoria to Abbotsford and back. Get off the ferry, take a bus to Surrey, then Langley, then Abbortsford, and you can stay on the bus and go to Chilliwack too. It takes a long time. 
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Apr 2, 2016 23:03
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mastershakeman posted:All that stuff like the rocket dockets, mers, etc is smoke. What's the "humane" solution, a decade of living for free for everyone? I should probably read the various foreclosure laws in Canada but if they have anything like the USA does they're vastly too friendly to people who stop paying their mortgage. Correct me if I am mistaken, but part of the reason people have had such good fortune to continue living in their foreclosure is because the banks didn't pursue any action isn't it? Like if my renter stops paying rent and I ignore the situation for 10 years for some reason, the outcome would be the same.
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Apr 2, 2016 23:08
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Throatwarbler posted:I just did this a couple of times, from Victoria to Abbotsford and back. Get off the ferry, take a bus to Surrey, then Langley, then Abbortsford, and you can stay on the bus and go to Chilliwack too. When my car died in Chula Vista once, I thought it would be hoot to take public transit. The drive to college was 25-35 minutes, how long could the bus take? 3 hours later I turned around and went home having not reached school. Making public transit lovely is a passtime of North America.
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Apr 2, 2016 23:24
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ocrumsprug posted:Correct me if I am mistaken, but part of the reason people have had such good fortune to continue living in their foreclosure is because the banks didn't pursue any action isn't it? In a few cases, it was also because the banks realized they didn't have the paperwork to prove they owned the mortgage. So it would be like if you wanted the police to evict your tenants for non-payment, but couldn't actually prove to any authority that owned the unit in question.
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Apr 2, 2016 23:37
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Falstaff posted:In a few cases, it was also because the banks realized they didn't have the paperwork to prove they owned the mortgage. What in the world? 
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Apr 2, 2016 23:47
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Reverse Centaur posted:Incorrect, there's a bus now: Oh nice, I didn't know that. It would take loving forever to get to Vancouver on that schedule though, holy crap.
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Apr 3, 2016 00:58
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mastershakeman posted:What's the "humane" solution, a decade of living for free for everyone? mastershakeman posted:Compare this to someone who stops paying their rent and is out on the street incredibly quickly. Theres a massive favoritism to protecting "homeowners" (since they don't actually own it) over renters and this is just another example. I know some countries like Germany have very strong rules in favor of renters as well as policies in place to help keep bubbles from occurring so it does seem doable in the real world and not just ivory tower theory to have sane and effective regulation (edit: ugh how did I leave out that word?!) of the housing and renters market. What exactly those policies are and how to get them implemented in the US or Canada, at least in part since not everything is going to translate seamlessly legally, is something else entirely and I don't really know where to begin there. Professor Shark posted:What in the world? I don't know if Canada has a equivalent of it but it was a form of electronic legal documentation record keeping that was designed to speed up home purchases and sales greatly while also avoiding paperwork fees to improve profits. More reading here: http://www.dailyfinance.com/2011/02/16/mers-mortgage-mess-new-york-illegal-foreclosure/ Here is a more modern (2015) but also more localized (Seattle area) article on how issues with MERS are still a big problem and why: https://theintercept.com/2015/09/18/leaked-seattle-audit-concludes-many-mortgage-documents-void/ The problems with MERS was also why robo-signing became a thing on such a huge scale. The tl&dr on it is: widespread legal fraud allowed in favor of banks. PC LOAD LETTER fucked around with this message at 04:10 on Apr 3, 2016 |
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Apr 3, 2016 02:04
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mastershakeman posted:What's the "humane" solution, a decade of living for free for everyone? Giving away a bunch of foreclosed empty homes to people who would actually claim them and pay for upkeep, etc. wouldn't actually be such a bad idea. it'd be like a modern version of the Homestead Act.
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Apr 3, 2016 03:15
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A humane solution to the consequence of being a greedy gently caress with poor impulse control? Get the gently caress outta here
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Apr 3, 2016 03:33
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So we looked at a house today just out of interest. Holy poo poo, whoever said you can't lose in the real estate market needs a swift kick in the head. 4-5 years ago: young girl saw a heritage home right across the park for $240k. Got super excited and bought it. Today: foundation issue "discovered" by inspection as condition for sale ($229k). Engineer determined foundation issues, entire thing needs to be replaced. Approx. cost: $60k. It has been on the market for 8 months now and is $169k. No bank will lend money for this house to buy until the problem is fixed. She's pretty much hosed until she can a) repair it or b) pay off enough to low ball it to a developer. The kicker is: the foundation issue was known when she bought the place. The previous owner didn't make it public knowledge.  But disregard that because nobody loses in real estate
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Apr 3, 2016 04:08
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Yea previous owners love to leave surprises like that for buyers and inspections miss tons of poo poo because they can't open up the walls. While its certainly true old homes were generally much better built and used better quality wood a decade or 2 of neglected upkeep, or even just mediocre upkeep, by the previous owner can mean you effectively end up buying a very expensive on-going project that you just happen to live in. New homes can have troubles too of course, especially the ones made during a bubble/boom, quality can really go downhill. If you can find one done by a good builder and don't mind paying extra (5-10%) quality new to newer homes are out there and all things considered I think a new to newer is a better buy since the standards for insulation and electrical as well as layout will be much better than 40yr+ construction. You can usually get good information from a established local contractor who has been in the area for a couple decades about which homes and builders are crap or good. They can sometimes find some things that the regular inspectors miss so its handy to have one go over a home you're interested in in more detail before buying. Typically cost $2-300 in the US to have one do that. Not sure what it costs in Canada.
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Apr 3, 2016 04:24
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ocrumsprug posted:Correct me if I am mistaken, but part of the reason people have had such good fortune to continue living in their foreclosure is because the banks didn't pursue any action isn't it? Falstaff posted:In a few cases, it was also because the banks realized they didn't have the paperwork to prove they owned the mortgage. So it would be like if you wanted the police to evict your tenants for non-payment, but couldn't actually prove to any authority that owned the unit in question. Ownership (standing) is another super rare thing that got hyped up, and a lot of the times the bank would 'lose' and simply reword the complaint and come right back. That being said, there's a bunch of cases in Florida where it looks like the banks might have shot themselves in the foot permanently, but I'm betting they'll come out on top (statute of limitations issues). At least in my jurisdiction, you didn't need paperwork to prove ownership, and the UCC doesn't require it either. What likely happened is someone stalling a case long enough, on a property worth so little, the bank said gently caress it and stopped paying its attorneys. All that being said, it'll be interesting to see each jurisdiction in Canada with how they deal with these issues if/when the bubble pops. With everyone leveraged to such a high degree, strategic defaulting in Canada makes a huge amount of sense, although I'm not familiar with the bankruptcy code there to know if people can get away scot free like they can in the USA. The best part is going to be when homeowners are screaming that the banks ripped them off and that the value of the house isn't what they thought it was when they signed the paperwork and that they should get to stay in the house at half the price, because hey they deserve it by god even though smarter people were refusing to get in on the bubble. If you want a humane solution to foreclosures, have the government (as they're the ones backstopping everything) take the house and rent it out instead of trying to keep equity as high as possible.
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Apr 3, 2016 04:41
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PC LOAD LETTER posted:Yea previous owners love to leave surprises like that for buyers and inspections miss tons of poo poo because they can't open up the walls. Yeah, except y'know, the problem was literally right in your face when you go down to the unfinished basement and see a huge crack in the foundation wall on both sides with vertical steel braces and a bunch of 2x4 and 2x6 in the middle literally the only thing stopping the house from caving itself in. An incompetent mentally challenged house inspector would have noticed it too. I forgot to mentioned she failed to get an inspector and took it at face value. Because what could go wrong!
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Apr 3, 2016 05:03
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quaint bucket posted:The kicker is: the foundation issue was known when she bought the place. The previous owner didn't make it public knowledge. So why doesn't she just sue the previous owner for the 60K? It's pretty cut and dry if he/she knew and failed to disclose. Edit: Just looked it up on a suspicion, and if I'm reading this right, hidden defect protection is only a thing in Quebec?!? This can't be right. What the gently caress RoC? Aramis fucked around with this message at 06:09 on Apr 3, 2016 |
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Apr 3, 2016 05:58
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mastershakeman posted:So for example, if someone never even showed up to court, they got a minimum of one year in the house for free / to collect & pocket rent. Show up to court and literally say nothing, 2-3 years. Fight? 5+, 10 if you get lucky with timing and judges about losing their jobs if they clear their call....Ownership (standing) is another super rare thing that got hyped up mastershakeman posted:The best part is going to be when homeowners are screaming that the banks ripped them off and that the value of the house isn't what they thought it was when they signed the paperwork and that they should get to stay in the house at half the price, because hey they deserve it by god even though smarter people were refusing to get in on the bubble. If you want a humane solution to foreclosures, have the government (as they're the ones backstopping everything) take the house and rent it out instead of trying to keep equity as high as possible. I admit I wouldn't mind it too much, since it'd be a big improvement on the current situation, if your idea (govt. take possession of foreclosures and rents them out at reasonable prices) were implemented instead though. Getting such an idea into law past the lobbyists and entrenched interests would be virtually impossible though. Lobbyists having too much say in legislation is a big problem everywhere in the US right now though. Probably always has been but things really seem to be coming to a head in the last decade or so. quaint bucket posted:Yeah, except y'know, the problem was literally right in your face when you go down to the unfinished basement and see a huge crack in the foundation wall on both sides with vertical steel braces and a bunch of 2x4 and 2x6 in the middle literally the only thing stopping the house from caving itself in. An incompetent mentally challenged house inspector would have noticed it too. I forgot to mentioned she failed to get an inspector and took it at face value. PC LOAD LETTER fucked around with this message at 07:16 on Apr 3, 2016 |
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Apr 3, 2016 07:12
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quaint bucket posted:So we looked at a house today just out of interest. Where is this house located? Your post history suggests Metro Vancouver, but that price should be a red flag to anyone. quaint bucket posted:Yeah, except y'know, the problem was literally right in your face when you go down to the unfinished basement and see a huge crack in the foundation wall on both sides with vertical steel braces and a bunch of 2x4 and 2x6 in the middle literally the only thing stopping the house from caving itself in. Oh. Kind of an important detail there. UnfortunateSexFart fucked around with this message at 07:20 on Apr 3, 2016 |
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Apr 3, 2016 07:17
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Reverse Centaur posted:Where is this house located? Your post history suggests Metro Vancouver, but that price should be a red flag to anyone. Prince George.
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Apr 3, 2016 08:21
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Reverse Centaur posted:Where is this house located? Your post history suggests Metro Vancouver, but that price should be a red flag to anyone. Prince George. Moved from Vancouver last year to make more money for less quality of life
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Apr 3, 2016 18:01
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quaint bucket posted:Prince George. Moved from Vancouver last year to make more money for less quality of life Take up an outdoor sport or forever pine for Vancouver.
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Apr 3, 2016 18:16
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Aramis posted:So why doesn't she just sue the previous owner for the 60K? It's pretty cut and dry if he/she knew and failed to disclose. Pretty sure what I saw is considered a patent defect. The only protection there is "buyer's beware"
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Apr 3, 2016 18:31
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crbrsd posted:Take up an outdoor sport or forever pine for Vancouver. I live for off-roading in mall parking lot
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Apr 3, 2016 18:32
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quaint bucket posted:I live for off-roading in mall parking lot Cross-country skiing, nature photography, hiking, heck there's even some decent climbing routes in the canyons around PG if you look hard enough. You're a stones throw from the untouched beauty of Tweedsmuir, the blasted-moonscape weirdness of Itcha-Ilgachuz, or the quiet tranquility of the Bowron Lakes. Lawdy if you really don't like walking then grab a Bob Ross set and start painting.
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Apr 3, 2016 19:02
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The mountain biking is also really good (Otway, Pidherny, Cranbrook, University hill). Closest ski hill is 15 minutes from downtown, plus 4 more within two hours (and the Hart kiddie hill downtown). Seems like the only people who move here and stay long term are the ones who are really into outdoors stuff, because it's not like there's much else to do (as you seem to have found out).
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Apr 3, 2016 19:16
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Rime posted:Cross-country skiing, nature photography, hiking, heck there's even some decent climbing routes in the canyons around PG if you look hard enough. You're a stones throw from the untouched beauty of Tweedsmuir, the blasted-moonscape weirdness of Itcha-Ilgachuz, or the quiet tranquility of the Bowron Lakes. Lawdy if you really don't like walking then grab a Bob Ross set and start painting. We're talking about PG, so what you really do is buy a $200 beater truck, put a 1 day permit on it, tearass around the logging roads until the rear differential blows, shoot it full of holes and torch it. But, yes, if you really like the outdoors, PG beats the pants off Vancouver. The danger is getting stuck in PG.
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Apr 3, 2016 19:18
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crbrsd posted:The mountain biking is also really good (Otway, Pidherny, Cranbrook, University hill). Closest ski hill is 15 minutes from downtown, plus 4 more within two hours (and the Hart kiddie hill downtown). Yep, we have learned that the first month or so living here. Heck, one of the biggest reason why I moved here was really outdoors (I fish, hunt, camp, hike) and perceived lower cost of living (it balanced out in the end). Going for a hike today to try to take advantage of the lifestyle here. Haven't really had a chance because of certain issues (lovely racists pot head white trash neighbours in CH and new kid shortly after moving again). Loving the heritage area where we're renting but looking at the possibility of buying to see if it is even something worth exploring. Our main concern about PG is the lifestyle within the city, social network, and the education system for the kids. We will probably end up going w a private school in the end if we stay here.
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Apr 3, 2016 20:21
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Private Schools even exist in PG? Wow.
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Apr 3, 2016 20:28
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Been living downtown for a year this week, and have yet to hear anything about a lease renewal or rent increase 
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Apr 3, 2016 21:11
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PC LOAD LETTER posted:But how common is all that? Reading the story about the rocket docket and in general foreclosure court decisions seem to go in favor of the banks by a massive majority. Taibbi wrote a great article on all this. There was no overhyping going on. The system is clearly hilariously rigged against homeowners here. If the situation was reversed and it was nearly all the homeowners winning the decisions in their favor and essentially ending up with free homes or living in a home for 10yr+ before eviction you'd have a point. But that isn't anywhere near close to what is happening. I love Taibbi, but he's seeing smoke where there's no fire. The issues, sadly, are really simple, and all the hullaballo about ownership was pretty much just a way for judges to slow things down if they wanted to. I could go into the legal technicalities but there's no point. When it comes down to it, these people didn't pay their mortgages, no different than not paying their rent. Canadian folks - where can I go dig up your statutes for BC / Ontario (as those are the big cities in play here)? I might read up on them but don't want to go through more effort than I need to.
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Apr 4, 2016 04:09
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Aramis posted:So why doesn't she just sue the previous owner for the 60K? It's pretty cut and dry if he/she knew and failed to disclose. Caveat emptor! Otherwise how would I be able to flip condos every six months?
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Apr 4, 2016 04:33
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mastershakeman posted:I love Taibbi, but he's seeing smoke where there's no fire. The issues, sadly, are really simple, and all the hullaballo about ownership was pretty much just a way for judges to slow things down if they wanted to. I could go into the legal technicalities but there's no point. When it comes down to it, these people didn't pay their mortgages, no different than not paying their rent. https://www.ontario.ca/laws http://www.bclaws.ca/
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Apr 4, 2016 06:44
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mastershakeman posted:I love Taibbi, but he's seeing smoke where there's no fire..... and all the hullaballo about ownership was pretty much just a way for judges to slow things down Kinda amazing of you to blow off the missing paperwork/ownership problem as nonsense too. If you're knowledgeable on this subject, as you claim to be, you know good and well it wasn't some minor detail. Being able to prove ownership and to prove you own the debt on a given property is a pretty big friggin' deal, you can't have a functional housing market if you can't do either of those things, and quite frequently the banks couldn't do that without the paperwork. Which they didn't have. So they fabricated it. If anyone other than the banks had done that they'd go off to jail for fraud. Quite the double standard to say the least. It had nothing at all to do with "judges slowing things down". Especially since if you'd read the article you'd know the judges frequently did the exact opposite. mastershakeman posted:When it comes down to it, these people didn't pay their mortgages, no different than not paying their rent.
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Apr 4, 2016 07:58
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THC posted:Been living downtown for a year this week, and have yet to hear anything about a lease renewal or rent increase My landlord forgot to do the yearly increase for like 6 months once, I sure as gently caress wasn't going to mention anything. Once they remembered they still had to give 3 months notice. Was sweet
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Apr 4, 2016 18:54
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The Butcher posted:My landlord forgot to do the yearly increase for like 6 months once, I sure as gently caress wasn't going to mention anything. The landlord for my wife's place hasn't raised the rent in 4 years, in the thick of Silicon Valley. No idea what he's thinking.
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Apr 4, 2016 18:58
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Our old landlord's never raised the rent on us, they always just thought having good tenants that paid rent on time and didn't trash the place was worth not getting an extra $100 a month or whatever. Seeing the number of letters from debt collectors and banks that the old tenant kept getting for literally 18 months after we moved in, I can see where they're coming from, as I doubt they got a lot of rent paid by their previous tenant.
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Apr 4, 2016 19:02
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I've had one rent increase over 6 years; the building also changed hands to a new corporation, and they've never increased the rent either. Not sure why, guess they like the stability of the tenants they have here.
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Apr 4, 2016 19:32
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Since I moved into my place in 2009 I've actually had a $100 rent reduction.
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Apr 4, 2016 20:44
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If you own the property, aren't local and are just holding it for capital appreciation then a long term responsible renter is easily worth two months rent a year. Damage and empty properties consume a huge amount of money.
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Apr 4, 2016 22:03
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Every landlord or property company I've rented from has always raised the rent the maximum allowable amount Maybe I'm just a huge rear end in a top hat
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Apr 4, 2016 22:07
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