Canada Housing/Debt: Trust me, I'm a landlord.

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

Juul-Whip: Mar 10, 2008

Subjunctive posted:

From the article it sounded like home-sharing would still be OK, but not dedicated units. No?

They might be capping the number of days you can do that, so basically it's just like if Big Government went out and personally slashed the throats of every struggling homeowner and their children

# ? Sep 20, 2016 02:02

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# ? May 24, 2024 06:27

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Well those throats weren't going to slash themselves after all.

# ? Sep 20, 2016 02:05

HookShot: Dec 26, 2005

leftist heap posted:

I can't tell if this is a joke? Coleman is the minister for housing AND natural gas development.

Ah that makes sense. I didn't actually know that because I try and pay as little attention to the shitshow that is BC politics as possible, so just saw the LNG thing in that tweet and went "what??"

# ? Sep 20, 2016 02:56

Furnaceface: Oct 21, 2004

Christie Clark exists to remind other provinces that no matter how bad they think their provincial government is or could be, it can always be so much worse.

# ? Sep 20, 2016 03:04

The Butcher: Apr 20, 2005; Well, at least we tried.; Nap Ghost

Jumpingmanjim posted:

So he covers the entire economy then?

Look I'm OK with getting hosed up the rear end by my own elected government, but like hell I'm going to just accept a filthy aussie ripping on us for anything other than my outdated ski gear. MODS!

# ? Sep 20, 2016 03:13

I would blow Dane Cook: Dec 26, 2008

I have hurt the feelings of the Canadian people.

# ? Sep 20, 2016 03:20

Ceciltron: Jan 11, 2007; Text BEEP to 43527 for the dancing robot!; Pillbug

Jumpingmanjim posted:

I have hurt the feelings of the Canadian people.

No apology will ever be sufficient for the moment of humiliation.

# ? Sep 20, 2016 03:31

Pixelboy: Sep 13, 2005; Now, I know what you're thinking...

namaste faggots posted:

Spain is a really hilarious example of how not to regulate finance. Mortgages can never be discharged.

Well, it literally means "death contract", after all.

# ? Sep 20, 2016 04:02

namaste friends: Sep 18, 2004; by Smythe

airbnb and uber/lyft are the same thing imo. on one hand, gently caress homeowners in vnacouve, ban airbnb. gently caress the taxi industry, legalize uber/lyft.

what i'm saying is gently caress you got mine

# ? Sep 20, 2016 04:03

namaste friends: Sep 18, 2004; by Smythe

Ceciltron posted:

No apology will ever be sufficient for the moment of humiliation.

on the other hand he has to endure other australians so lol

# ? Sep 20, 2016 04:04

the talent deficit: Dec 20, 2003; self-deprecation is a very british trait, and problems can arise when the british attempt to do so with a foreign culture

Jumpingmanjim posted:

So he covers the entire economy then?

we also have (tax subsidized) film industry and (tax sudsidized) visual effects industry. and peer to facebook, google, apple and amazon, hootsuite of course

# ? Sep 20, 2016 04:17

namaste friends: Sep 18, 2004; by Smythe

u forgot that the startup industry is tax subsidized lol

# ? Sep 20, 2016 04:18

Femtosecond: Aug 2, 2003

Subjunctive posted:

From the article it sounded like home-sharing would still be OK, but not dedicated units. No?

It sounded a bit like that. Vancouver has legal basement suites, and that is an important part of the rental supply, so it'll be interesting to see if the city designs their policy to try to ensure that those sort of units are used for long term rental. Some sort of max amount of Airbnb rentals in a year (eg 90 days) would be something I could see them doing.

My feeling is that this policy will most strongly target commercial operators that buy a number of condos to continuously rent out on Airbnb. Someone's basement suite is a bit closer in concept to home-sharing, but I could see the city targeting this as well.

I posted this in the tech bubble thread a few days ago, but apparently there are no condo insurances that will cover short term rentals, so all the property managers are recommending to their stratas that short term rentals be banned anyway. It's hard to say how effective those bans will be, depends on the strata.

Anyway none of this seems like good news for Airbnb. There have been studies on Airbnb that suggest that the commercial operators that Vancouver is most likely to aggressively target comprise the massive majority of Airbnb's revenue.

# ? Sep 20, 2016 04:47

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Femtosecond posted:

It sounded a bit like that. Vancouver has legal basement suites, and that is an important part of the rental supply, so it'll be interesting to see if the city designs their policy to try to ensure that those sort of units are used for long term rental.

I'd be very surprised if it affected long-term rentals of any kind.

# ? Sep 20, 2016 04:55

Femtosecond: Aug 2, 2003

Subjunctive posted:

I'd be very surprised if it affected long-term rentals of any kind.

Some sort of cap on number of days of rental per year seems unfeasible to me unless Airbnb is helping the city and capping it themselves. I haven't really paid much attention, but it seemed last time I looked that Berlin's approach of threatening $100k fines created a big drop in Airbnb listings.

I do think people overestimate the amount of long term rentals that are being lost with regard to detached homes and basement suites. A lot of these spaces are marginal and while they may be ok for a short term guest, they may not be that suitable for a long term tenant.

# ? Sep 20, 2016 05:28

namaste friends: Sep 18, 2004; by Smythe

https://twitter.com/RobertFife/status/778190417317793792?s=09

Awesooooome

# ? Sep 20, 2016 13:43

Risky Bisquick: Jan 18, 2008; PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.; Buglord

Guess housing is going to crash now that they can get their hands on the embezzled money

# ? Sep 20, 2016 15:03

cowofwar: Jul 30, 2002; by Athanatos

namaste faggots posted:

https://twitter.com/RobertFife/status/778190417317793792?s=09

Awesooooome

China's gonna have a surge in organs available for transplant.

# ? Sep 20, 2016 15:15

Lain Iwakura: Aug 5, 2004; The body exists only to verify one's own existence.; Taco Defender

HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA

http://www.news1130.com/2016/09/20/lawsuit-filed-over-bcs-foreign-buyers-tax/

quote:

BURNABY (NEWS 1130) � It is the first challenge to the new 15 per cent tax on foreign home buyers brought in by the BC government last month. A student from Burnaby is the lead plaintiff in what could become a class-action lawsuit that claims the new rules go beyond provincial jurisdiction.

The student scrapped together enough for a down payment on a $500,000 home in Langley but can�t afford the new fees. Pulling out of the deal would cost her the non-refundable down payment, putting her in a no-win situation.

�Put the foot on the other shoe and I think a lot of [buyers] got the short end of the stick,� says Vancouver realtor Steve Saretsky. �Obviously these deals were agreed to and then without notice or without any time to get deals changed, a lot of them ended up forfeiting their deposits which some of them had built up their life savings for.�

Saretsky adds he�s not surprised by the lawsuit, just over six weeks after the tax came into effect

He does favour a tax, but says the provincial government went about it all wrong. �I�m not surprised. I think that the implementation of the tax was not done correctly,� says Saretsky. �Ultimately the 15 per cent tax is a good thing, but I think the BC government didn�t really think it through entirely in terms of implementation. I think the deal should have been grandfathered, and so, I�m not really surprised that they�re filing a lawsuit.�

The suit is not certified as class-action yet, but the legal action could eventually involve everyone who has had to pay the tax so far. It claims the province doesn�t have the authority to put such a levy in place and the issue falls under foreign trade, which is a federal jurisdiction.

LMAO Langley

# ? Sep 20, 2016 15:53

McGavin: Sep 18, 2012

namaste faggots posted:

https://twitter.com/RobertFife/status/778190417317793792?s=09

Awesooooome

I guess we just found out what Trudeau had to agree to in order to get "Canadian spy" Kevin Garratt released.

# ? Sep 20, 2016 16:16

namaste friends: Sep 18, 2004; by Smythe

Fun fact, Kevin’s son, Simeon is a real estate pumper irl

# ? Sep 20, 2016 16:35

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

http://www.wsj.com/articles/freddie-mac-starts-pilot-program-with-looser-standards-1474319527

quote:

Mortgage-finance giant Freddie Mac and two nonbank lenders are loosening income and documentation requirements for mortgage applicants in a new pilot program.

The changes announced Monday are designed to help boost mortgage originations among first-time buyers, applicants with low-to-moderate incomes and those who live in underserved areas.

The moves come nearly a decade after the start of the mortgage meltdown, as many consumers remain shut out of the housing market largely because they can�t meet the underwriting criteria that most lenders require. Under the Freddie program, applicants will be able use the income of people who will live with them but aren�t going to be on the mortgage to qualify.

In addition, income from second jobs that borrowers have held for a relatively short period will be factored in. The pilot also doesn�t require bank statements that would show a paper trail of how some borrowers save for their down payments.

Many of the pilot�s features are similar to what Fannie Mae currently allows on some mortgages it purchases but are new for Freddie Mac, which is among the largest purchasers of mortgages in the country. Freddie Mac says it purchases one in every four mortgages originated by lenders in the U.S.

The changes, which went into effect on Monday, will apply to people who sign up for a mortgage with Las Vegas-based Alterra Home Loans or Tustin, Calif.,-based New American Funding. The companies� specialties include lending to low-income and Hispanic borrowers. The lenders will sell the mortgages they originate to Freddie Mac.

The partnership has been in the works since late last year and will be in effect for at least 12 months. Freddie Mac will determine whether to expand it beyond pilot phase if performance meets expectations. It declined to discuss any numbers it has as goals for loan volume or the delinquency level it would like to stay below.

The pilot isn�t lowering down payment or credit score requirements. Rather it is loosening income criteria, including for applicants who have two jobs. Until now, Freddie Mac has required that borrowers who show their income from a second job when applying for a mortgage demonstrate that they have held that job for at least 24 months, a period that in the pilot is reduced to 12 months. Separately, self-employed borrowers will have more options to prove their business exists to the lenders.

In addition, borrowers who will be living with family or other individuals for at least 12 months after they purchase the home will be able to use those non-borrowers� income to get approved for the mortgage. The income will be factored in to help improve the borrowers� debt to income ratio, a key figure that compares borrowers� monthly debt obligations to their gross monthly income.

Paperwork requirements will also loosen up for some borrowers who don�t have bank statements to show how they have saved for their down payment.

# ? Sep 20, 2016 18:47

tagesschau: Sep 1, 2006; D&D: HASBARA SQUAD
THE SPEECH SUPPRESSOR

Remember: it's "antisemitic" to protest genocide as long as the targets are brown.

Subjunctive posted:

http://www.wsj.com/articles/freddie-mac-starts-pilot-program-with-looser-standards-1474319527

quote:
two nonbank lenders are loosening income and documentation requirements

what could possibly go wrong

# ? Sep 20, 2016 18:53

Shifty Pony: Dec 28, 2004; Up ta somethin'

namaste faggots posted:

https://twitter.com/RobertFife/status/778190417317793792?s=09

Awesooooome

"Former diplomat Charles Burton said it appears China used Mr. Garratt as a bargaining chip to get what it wanted, including a role in helping Canada Border Service Agency agents identify illegal Chinese immigrants.

�The Chinese government is just a very sophisticated actor with a lot of experience in dealing with Western governments and it seems we may not have been operating with the same degree of care and sophistication in our negotiations with them,� said Mr. Burton, who served in Beijing."

Ah yes those inscrutable scheming Chinese. There's no chance that the naive doe-eyed Canadian negotiators saw such a cunningly hidden ulterior motive.

# ? Sep 20, 2016 19:19

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

Subjunctive posted:

http://www.wsj.com/articles/freddie-mac-starts-pilot-program-with-looser-standards-1474319527

Second verse, same as the first. We're about due for another global recession right?

# ? Sep 20, 2016 19:20

mastershakeman: Oct 28, 2008; by vyelkin

Subjunctive posted:

http://www.wsj.com/articles/freddie-mac-starts-pilot-program-with-looser-standards-1474319527

as a former foreclosure attorney, let me be the first to say "lmbo". especially the contributor income thing , that was always a blast during loan mods

all of this has happened before , all of this will happen again.

# ? Sep 20, 2016 19:22

namaste friends: Sep 18, 2004; by Smythe

Shifty Pony posted:

"Former diplomat Charles Burton said it appears China used Mr. Garratt as a bargaining chip to get what it wanted, including a role in helping Canada Border Service Agency agents identify illegal Chinese immigrants.

�The Chinese government is just a very sophisticated actor with a lot of experience in dealing with Western governments and it seems we may not have been operating with the same degree of care and sophistication in our negotiations with them,� said Mr. Burton, who served in Beijing."

Ah yes those inscrutable scheming Chinese. There's no chance that the naive doe-eyed Canadian negotiators saw such a cunningly hidden ulterior motive.

Unironically agree. Have you seen what kind of loving fuckwits work in the canadian foreign service and csis?

# ? Sep 20, 2016 19:24

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

OSI bean dip posted:

HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA HAHAHA

http://www.news1130.com/2016/09/20/lawsuit-filed-over-bcs-foreign-buyers-tax/

LMAO Langley

*Gord Sinclair walsk into frame*

Hi, I'm Gord Sinclair of the Tragically Hip. My message to Canadians is this; we are not the country we think we are. Everyday, a foreign student on the west coast with several hundred thousands of dollars "saved" *does air quotes* is affected by undue taxes applied when buying Vancouver real estate. Won't you please take action now to save these poor students from having to become rentailures like every other Canadian student. Only you can save a condo."

# ? Sep 20, 2016 21:25

Lain Iwakura: Aug 5, 2004; The body exists only to verify one's own existence.; Taco Defender

peter banana posted:

*Gord Sinclair walsk into frame*

Hi, I'm Gord Sinclair of the Tragically Hip. My message to Canadians is this; we are not the country we think we are. Everyday, a foreign student on the west coast with several hundred thousands of dollars "saved" *does air quotes* is affected by undue taxes applied when buying Vancouver real estate. Won't you please take action now to save these poor students from having to become rentailures like every other Canadian student. Only you can save a condo."

http://vancouversun.com/business/real-estate/class-action-lawsuit-filed-against-b-c-government-over-foreign-home-buyers-tax

Yep from China.

quote:

If the lawsuit is certified by the court and succeeds, the province could be forced to repay millions of dollars.

Jing Li, a 29-year-old university student from China living in Burnaby, is leading the suit. Li moved to Canada in 2013 to complete a master�s degree in public administration at the University of Saskatchewan. After completing her degree, she moved to Burnaby but never became a permanent resident of Canada.

On July 13, Li signed a contract to buy property in Langley for $587,895, according to the court documents. Li was required to pay a non-refundable deposit of $55,990 on July 20, before the tax came into effect in August. She now argues that because of the tax she has to pay an additional $83,850 because of her lack of permanent residency or Canadian citizenship.

The suit claims many other foreign buyers entered into contracts to purchase homes before the tax was announced or came into force, but their transactions did not close until after Aug. 2.

Her lawyer, Luciana Brasil, argues the additional tax discriminates against foreign buyers because of their status as foreign nationals. She also says it goes against more than 30 international treaties whereby Canada is committed to treat foreign nationals just as favourably as citizens of this country, including the North American Free Trade Agreement.

Brasil said that under NAFTA Article 1139, ownership of real estate or other property is an investment that is protected by the NAFTA.

Brasil said the lawsuit it seeks to overturn the legislation and demands repayment of any tax added to the purchase price of a home because of the buyer�s nationality.

The civil suit filed Monday also claims that only the federal government has the exclusive power over the conduct and regulation of foreign trade.

�The legislature of British Columbia cannot enact legislation that is properly within the constitutional authority of the government of Canada, especially those in connection with the foreign affairs, aliens, international trade, and trade and commerce,� states the lawsuit.

It claims the tax was enacted without proper constitutional authority and is beyond the legal authority of the provincial government.

A judge must decide if the class action application can proceed and Brasil says it could take six months to a year to set a hearing date for the lawsuit.

http://www.sice.oas.org/trade/nafta/chap-112.asp

quote:

investment means:

[...]

(g) real estate or other property, tangible or intangible, acquired in the expectation or used for the purpose of economic benefit or other business purposes; and

# ? Sep 20, 2016 21:33

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

namaste faggots posted:

Unironically agree. Have you seen what kind of loving fuckwits work in the canadian foreign service and csis?

I had the same thought.

# ? Sep 20, 2016 21:41

leftist heap: Feb 28, 2013; Fun Shoe

Subjunctive posted:

http://www.wsj.com/articles/freddie-mac-starts-pilot-program-with-looser-standards-1474319527

Lol, this is some great late stage capitalism poo poo. Nobody makes enough money or has a stable enough job to qualify for mortgages anymore. Guess we better loosen mortgage requirements!

# ? Sep 20, 2016 21:48

Fried Watermelon: Dec 29, 2008

When did China become part of NAFTA?

# ? Sep 20, 2016 22:16

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Fried Watermelon posted:

When did China become part of NAFTA?

Yeah, I figured earlier in the thread that there would be a NAFTA challenge, but I expected it to be...from someone covered by NAFTA.

# ? Sep 21, 2016 00:00

RBC: Nov 23, 2007; IM STILL SPENDING MONEY FROM 1888

when did "scrapped together" become the universal euphemism for "begged parents for money"

# ? Sep 21, 2016 00:05

Furnaceface: Oct 21, 2004

RBC posted:

when did "scrapped together" become the universal euphemism for "begged parents for money"

Around the same time "bootstraps" became a thing to say to keep minorities and the poor in place.

# ? Sep 21, 2016 00:08

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

RBC posted:

when did "scrapped together" become the universal euphemism for "begged parents for money"

Fished right out of the couch cushions of privilege.

# ? Sep 21, 2016 00:11

Lain Iwakura: Aug 5, 2004; The body exists only to verify one's own existence.; Taco Defender

http://www.cbc.ca/news/business/poloz-low-interest-rates-1.3770695

quote:

The governor of the Bank of Canada says Canadians must be ready to readjust their retirement expectations in the face of continuing "ultra-low" interest rates.

In remarks prepared for a speech on Tuesday to economists and people in finance in Quebec, Stephen Poloz said that low interest rates can generally mean higher prices for stocks and bonds, and lead to higher values for real estate.

"I realize this may be cold comfort to those people who have to adjust retirement plans to a lower-for-longer world," Poloz said. "But the difficult reality is that savers must adjust their plans."

The central bank head said that could mean a combination of putting aside more funds, working a little longer than planned or changing their investment mix.

"There are no easy answers, particularly for some who have already retired," Poloz said.

He also noted that with people living longer these days, the low interest rate environment means somebody starting to save today would have to set aside much more to generate the same retirement income as a person who began saving 25 years ago, if both wished to retire at the same age.

The central bank's key interest rate has remained unchanged at 0.5 per cent since the summer of 2015, and Poloz's speech gave no indications that position will be changing any time soon.

"It is quite evident that our economy is still facing strong headwinds, and we need stimulative monetary policy to counteract them and move us closer to full capacity," he said in his prepared remarks. "We also need to watch the full effects of the government's fiscal stimulus unfold."
On pause until 2019, TD predicts

An economist at TD Bank said he was inclined to agree with Poloz's statements.

"Population aging and slower productivity growth mean that the 'cruising speed' of the Canadian economy will continue to tick lower in coming years," said Brian DePratto.

He said TD believes the Bank of Canada is unlikely to increase interest rates until early 2019.

Eat poo poo, money savers. Borrow as much as you can, debtors. :smug:

# ? Sep 21, 2016 00:11

RBC: Nov 23, 2007; IM STILL SPENDING MONEY FROM 1888

# ? Sep 21, 2016 00:16

etalian: Mar 20, 2006

leftist heap posted:

Lol, this is some great late stage capitalism poo poo. Nobody makes enough money or has a stable enough job to qualify for mortgages anymore. Guess we better loosen mortgage requirements!

It's like the ninja scene in The Big Short

# ? Sep 21, 2016 00:39

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# ? May 24, 2024 06:27

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

RBC posted:

when did "scrapped together" become the universal euphemism for "begged parents for money"

In fairness, the Prime Minister of Australia said the answer to the housing bubble was basically to do this.

# ? Sep 21, 2016 00:55

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