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Those hotel numbers seemed a bit high. Just looked out of curiosity. Only $100 for the City Centre Motor Hotel. Some of the rooms don't even have bedbugs! The Cobalt and Ivanhoe "hotels" don't even have websites, so those are probably even better steals. Rime you can keep these options in your back pocket in case your van starts leaking this winter.
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Jul 19, 2016 02:38
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JawKnee posted:if we're talking about the downtown core the average AirBnB price goes up to $390 That's pretty steep. Are we talking about comparable accommodations to a hotel room?
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Jul 19, 2016 02:42
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Throatwarbler posted:You are literally asking if the cost of having a roof over one's head will impact someone's decision to go to a place. For the famous resort town of Vancouver where everyone finds a Lambo, for their sweet 16, parked in the alley behind their East Van bungalo? I find I can only be concerned that visitors to Vancouver either are too rich or too poor, but not both. I'm afraid you will need to pick one.
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Jul 19, 2016 03:27
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Checkmate.
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Jul 19, 2016 03:54
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The Butcher posted:Those hotel numbers seemed a bit high. Just looked out of curiosity. Only $100 for the City Centre Motor Hotel. Some of the rooms don't even have bedbugs! Cobalt has been pseudo-SRO for, like, 50 years now man. Not sure about the Ivanhoe but I'm pretty sure it's been the same since about when people stopped traveling on the fuckin' railway. I've got a dope house back up in the Burnaby Heights for the next couple of years, but I appreciate the concern.
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Jul 19, 2016 04:17
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Rime posted:Cobalt has been pseudo-SRO for, like, 50 years now man. Not sure about the Ivanhoe but I'm pretty sure it's been the same since about when people stopped traveling on the fuckin' railway. You're going to live with a heroin dealer?
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Jul 19, 2016 04:54
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Rime posted:I've got a dope house back up in the Burnaby Heights for the next couple of years, but I appreciate the concern. I'm poking fun, but glad to hear it man. Keep taking care of yourself, and feel free to shoot me a PM if things ever go really sideways, I'll help if I can.
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Jul 19, 2016 05:30
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namaste faggots posted:http://www.wsj.com/articles/as-rates-sink-housing-bubbles-rise-1468758085 How dare thou utter such heresy! Also yes.
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Jul 19, 2016 10:35
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Some Ontario person chime in, can you re-assign a presale condo or not: Risk of speculation in Toronto condos mitigated by presales: CMHC quote:Most Toronto condominium projects do not begin construction until 70 per cent of units are sold, curbing the risk of speculation, Canada’s housing agency said on Tuesday in a report that suggested overbuilding fears may be overdone.
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Jul 19, 2016 15:51
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namaste faggots posted:http://www.wsj.com/articles/as-rates-sink-housing-bubbles-rise-1468758085 If they 'do something' it will still crash and government will get the blame. THC posted:Well then you're bad at impersonation and you don't understand my views as well as you think you do. Anti-racism is not an obstacle to solving the housing market. You don't even understand your own views.
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Jul 19, 2016 16:23
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If only we singled out and hated on chinese people more this housing bubble would have been controllable.
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Jul 19, 2016 18:12
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PK loving SUBBAN posted:If only we were more racist, then Canadians wouldn't have record levels of debt! DariusLikewise posted:If only we singled out and hated on chinese people more this housing bubble would have been controllable. Look at this fuckin' Melania
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Jul 19, 2016 18:45
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The Butcher posted:Checkmate. Fair and balanced.
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Jul 19, 2016 20:05
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So we're paying $1400 for a 2 bedroom. A 1 bedroom in our building just got listed at $1400. Jesus christ was is going on in Victoria? I just hope the bubble and economy crashed until my rent gets too high. This is also a location where a low-barrier homeless shelter for 100 people is going up next door.
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Jul 20, 2016 04:47
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PK loving SUBBAN posted:Look at this fuckin' Melania This salty over your Fuehrer's convention crashing and burning?
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Jul 20, 2016 05:12
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Baronjutter posted:So we're paying $1400 for a 2 bedroom. A 1 bedroom in our building just got listed at $1400. Jesus christ was is going on in Victoria? I just hope the bubble and economy crashed until my rent gets too high. $1350 for a one bed over the strait, rent controlled for many years now. Cry me a river. At least you can move into the shelter when you get evicted for "family to live there". (jk, the shelter's gonna be full) I'm pretty convinced the economy is going to eat it within a year. Enough that if I could effectively bet on it I'd put a good chunk down right now.
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Jul 20, 2016 05:15
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6 month introspection on my housing market statements at the beginning of the year: I was totally wrong about foreign money. It really is having an impact, at least for the nice hockey stick curve that started in 2014.
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Jul 20, 2016 05:40
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Eventually you run out of people to sell to.  https://twitter.com/SteveSaretsky/status/755532719191302145
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Jul 20, 2016 07:39
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Baronjutter posted:So we're paying $1400 for a 2 bedroom. A 1 bedroom in our building just got listed at $1400. Jesus christ was is going on in Victoria? I just hope the bubble and economy crashed until my rent gets too high. You in one of those nice old places on Rockland and Vancouver? I'm surprised the rent hasn't gone higher sooner. A relative of mine teaches at the cathedral school, be interesting to see what the shelter does to the neighborhood that tent city hasn't already.
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Jul 20, 2016 13:45
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Femtosecond posted:Eventually you run out of people to sell to. Looks like government OVERSIGHT
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Jul 20, 2016 14:32
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Anyone noticed that CIBC is selling negative-yield bonds now, or is that something only the CanFinance thread would be interested in? http://www.cbc.ca/beta/news/business/cibc-negative-yield-bonds-1.3685259
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Jul 20, 2016 14:52
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It depends. Are you going to tell us how this is a sign that the 4 horsemen of the apocalypse are going to ride through bay Street by November
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Jul 20, 2016 14:55
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*commutes in to Vancouver from Tsawassen for barrista gig.
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Jul 20, 2016 15:49
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namaste faggots posted:6 month introspection on my housing market statements at the beginning of the year: Holy poo poo... can't believe you've finally come around. Kudos for being willing to publicly revise an opinion.
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Jul 20, 2016 17:12
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Rime posted:Anyone noticed that CIBC is selling negative-yield bonds now, or is that something only the CanFinance thread would be interested in? <Beta, fearful, can bubble thread poster>: This economy, so inbalanced! I guess I'll pay to keep it in these bonds. <Alpha, virile, millionaire property owner>: What's that, another 40 percent this year? Shucks 
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Jul 20, 2016 18:43
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Here's a question for this thread - now that the collapse is on the horizon (though likely still almost a year away) what will happen to the loonie when the market crashes? Crashes usually bring deflation and a lack of demand which reduces imports, reducing depreciation pressure. When Japan crashed the yen skyrocketed to its then all time high from this effect. On the other hand there is some share of foreign investment that will be running for the exits. And the USD went goddamn everywhere when that bubble burst, though it overall trended down till 2012.
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Jul 20, 2016 19:22
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I hope it crashes and burns because I get paid in USD.
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Jul 20, 2016 21:01
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Do Vancouverites even have jobs to lose or is it all gig economy poo poo and FIRE?
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Jul 20, 2016 21:24
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Myriarch posted:foreign investment that will be running for the exits. CAD is already down 25% over the last few years. Either foreigners aren't running or foreign cash isn't that big of a factor in the first place.
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Jul 20, 2016 21:57
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Mantle posted:CAD is already down 25% over the last few years. Either foreigners aren't running or foreign cash isn't that big of a factor in the first place. Alternative rational: They are the sort of people that smuggled money into Canada and bought a Vancouver special for 8 times it's value and a Bentley, so they may not be sophisticated forex traders.
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Jul 20, 2016 22:23
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Myriarch posted:Here's a question for this thread - now that the collapse is on the horizon (though likely still almost a year away) what will happen to the loonie when the market crashes? it might drop temporarily but the real estate market isn't big enough to drive exchange rates and i don't think there'll be a run on the banks. if the government bails out mortgage holders or home owners (spoiler: they totally will) there might be a small negative effect the economic impact is mostly going to be felt in vancouver and southern ontario as suddenly a poo poo ton of tradespeople and realtors are out of work
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Jul 20, 2016 22:28
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the talent deficit posted:it might drop temporarily but the real estate market isn't big enough to drive exchange rates and i don't think there'll be a run on the banks. if the government bails out mortgage holders or home owners (spoiler: they totally will) there might be a small negative effect TBH at this point all this point it seems like all the realtors in Vancouver have it coming to them
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Jul 20, 2016 22:37
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DariusLikewise posted:TBH at this point all this point it seems like all the realtors in Vancouver have it coming to them We had a letter in the local paper from a realtor the other week about how it's not fair that the province is regulating them when it's worked so well self-regulating before and a few bad apples ruined everything for everyone else and 
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Jul 21, 2016 00:11
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Lexicon posted:Holy poo poo... can't believe you've finally come around. Kudos for being willing to publicly revise an opinion. i like to think that i care so little about ~online community~~ that i'm the only person posting here that doesn't think that he's literally gaining experience points and that any capitulation means that i'm now only a level 27 forums poster
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Jul 21, 2016 00:17
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Level 27? Don't be silly You're Number 6
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Jul 21, 2016 01:08
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quaint bucket posted:Rain forest inspired ensuite with waterfall features. Open plan minimalist ensuite. Nobody really needs walls or a vanity to take a poo poo. Just wash your hands in the shower! 
Juul-Whip fucked around with this message at 02:28 on Jul 21, 2016 |
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Jul 21, 2016 02:23
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I only noticed today you can lock in for 10 years at 3.49. I'm almost at the point of saying gently caress it and buying something with a rental unit downstairs to take advantage while money is so cheap. We're a small town with a college so vacancy rates are low and at that rate you could easily pay over half your mortgage with your apartment and have it locked in for 10 years. When it all comes tumbling down I'll rent out the top and buy some former rig pigs dream home and ride the next inflation to riches.
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Jul 21, 2016 02:31
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flashman posted:I only noticed today you can lock in for 10 years at 3.49. I'm almost at the point of saying gently caress it and buying something with a rental unit downstairs to take advantage while money is so cheap. We're a small town with a college so vacancy rates are low and at that rate you could easily pay over half your mortgage with your apartment and have it locked in for 10 years. When it all comes tumbling down I'll rent out the top and buy some former rig pigs dream home and ride the next inflation to riches. It's not the worst idea provided you could and would aggressively build savings during that period. Still requires some bets on timing though.
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Jul 21, 2016 04:59
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Why lock in a fixed rate? You really think rates are going to stop dropping, climb to back up where they are now, cover the gap between variable and fixed, then power on above 3.49% with enough time left in your mortgage term to soak you?
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Jul 21, 2016 05:51
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The Butcher posted:It's not the worst idea provided you could and would aggressively build savings during that period. Still requires some bets on timing though. We'd end up paying less than what we do to rent now (obviously before putting aside for maintenence and poo poo) and we are DINKS living in a basement apartment for the past 5 years so I think the frugality is there to keep building. The student thing really offsets alot of fears I have about a market collapse letting people buy instead of rent (and anyone with a pulse and 45k family income can find a house here in their range if they wanted to own) yippee cahier posted:Why lock in a fixed rate? You really think rates are going to stop dropping, climb to back up where they are now, cover the gap between variable and fixed, then power on above 3.49% with enough time left in your mortgage term to soak you? I think rates will be higher than the 10 year fixed after a 5 year term yes. Whether or not they will go up enough to offset the extra interest paid in the first 5 years is probably a no, but I'm a sucker for stability I guess.
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Jul 21, 2016 06:01
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