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PK loving SUBBAN posted:I know half a dozen people who keep telling me how happy they are they moved to Hamilton and how there's a thriving arts scene there and it's where all the cool kids are. To be fair to Hamilton, Stelco doesn't really operate anymore, not like the 80s
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Oct 3, 2016 20:02
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Risky Bisquick posted:To be fair to Hamilton, Stelco doesn't really operate anymore, not like the 80s Well all those waterfront factories were still spouting pollution and looking apocalyptic when I drove by on Sunday afternoon so something's going on there.
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Oct 3, 2016 20:04
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The waterfront piers that were formerly mordor industrial are largely being reclaimed and redeveloped in to parkland or residential developments. I wouldn't be surprised if the entire area was gentrified and redeveloped in twenty years. If all you see of Hamilton is the view from the skybridge then you're missing a lot.
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Oct 3, 2016 20:07
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cowofwar posted:The waterfront piers that were formerly mordor industrial are largely being reclaimed and redeveloped in to parkland or residential developments. I wouldn't be surprised if the entire area was gentrified and redeveloped in twenty years. [crime, general canadian malaise towards working, unemployment]
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Oct 3, 2016 20:08
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I am already working at the rear end end of the tech industry by being in Vancouver. I would rather not see where my career would take me by moving to Kamloops or Vernon.
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Oct 3, 2016 20:08
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Baronjutter posted:It's really depressing that Canada doesn't have a huge number of smaller cities that have great qualities of life and actual jobs that people who don't want to live in Toronto or Vancouver or Montreal could live in. Even the US seems better in this respect. In europe most countries of course have their few big expensive cities, but there's usually dozens or more medium cities and tons of smaller cities that are still worth living in. this is a seriously dumb loving post i hope ur trolling
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Oct 3, 2016 20:12
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Hamilton is host to some of the most amazing green spaces I've ever seen inside a city boundary including some of the nicest waterfalls in southern Ontario.
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Oct 3, 2016 20:12
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cowofwar posted:The waterfront piers that were formerly mordor industrial are largely being reclaimed and redeveloped in to parkland or residential developments. I wouldn't be surprised if the entire area was gentrified and redeveloped in twenty years. Dude I've been to Hamilton. Go peddle this poo poo to the tourists. Or maybe blind people who also can't smell.
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Oct 3, 2016 20:14
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PK loving SUBBAN posted:I know half a dozen people who keep telling me how happy they are they moved to Hamilton and how there's a thriving arts scene there and it's where all the cool kids are. Those people probably don't live right next to Burlington Street and I can't think of any city with an industrial section that looked good. Plenty of reasons Hamilton sucks like driving and its frankly bizarre urban planning.
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Oct 3, 2016 20:16
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Why isn't Morneau interested in clamping down on primary residence fraud by Canadians? I bought my first house from a shady guy who's wife's name was on the title as her primary residence.
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Oct 3, 2016 20:22
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namaste faggots posted:Why isn't Morneau interested in clamping down on primary residence fraud by Canadians? I bought my first house from a shady guy who's wife's name was on the title as her primary residence. Are you suggesting we should report to the CRA our RE transactions for oversight purposes 
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Oct 3, 2016 20:30
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leftist heap posted:OK, please point out the market based solution to rent control for which there is broad consensus among economists. Then for fun narrow it down to the ones that are remotely politically tractable. Supply-side solutions/purpose-built rental housing would probably be the two most common. Generally agreed with cheap credit/foreign investment etc but those are examples of things that affect the housing market much more than the rental one.
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Oct 3, 2016 20:38
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Baronjutter posted:It's really depressing that Canada doesn't have a huge number of smaller cities that have great qualities of life and actual jobs that people who don't want to live in Toronto or Vancouver or Montreal could live in. Even the US seems better in this respect. In europe most countries of course have their few big expensive cities, but there's usually dozens or more medium cities and tons of smaller cities that are still worth living in. Move to London, The Forest City! The drugs aren't that much of a problem. Also its drivable!
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Oct 3, 2016 20:49
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Cerepol posted:Move to London, The Forest City! "eat all the candy you want, we've got insulin!"
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Oct 3, 2016 20:51
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You could always live in Brandon Manitoba or Kenora
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Oct 3, 2016 20:57
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Fried Watermelon posted:You could always live in Brandon Manitoba Don't move to Kenora or you'll get stuck in traffic surrounded by filthy 'tobans every weekend in the summer.
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Oct 3, 2016 20:58
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A typical condo building is already 60%+ rental. People buy them as investments so that they can rent them out. Removing rent control would potentially make these investments more lucrative, which would likely result in increased demand for condos and in developers being extra incentivized to create condos vs rental. The big difference between condos and rental is that with condos you can do presales and get money and prove demand before construction even starts. A policy to encourage rental would have to be something that would effectively erase this condo advantage. I don't know what this would be. Easier lending for rental projects maybe.
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Oct 3, 2016 21:00
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Yeah I get it, Hamilton sux lol. But large areas of Toronto, Vancouver, Montreal and Quebec are also festering shitburgs. False Creek and the nearby waterfront areas were similar industrial poo poo-holes in the '60s. Hamilton is the ninth largest city in Canada by population and 17th largest by area so it's not really accurate to paint the entire region as being entirely representative of the north Barton industrial area. It is deserving of its title of having one of the highest mobility aids per capita. Scooters everywhere.
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Oct 3, 2016 21:09
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Femtosecond posted:A typical condo building is already 60%+ rental. People buy them as investments so that they can rent them out. Removing rent control would potentially make these investments more lucrative, which would likely result in increased demand for condos and in developers being extra incentivized to create condos vs rental. Condos also have the cap gains advantage and depending on your city, a municipal property tax advantage.
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Oct 3, 2016 21:11
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Femtosecond posted:A typical condo building is already 60%+ rental. People buy them as investments so that they can rent them out. Removing rent control would potentially make these investments more lucrative, which would likely result in increased demand for condos and in developers being extra incentivized to create condos vs rental. Regulating the housing market doesn't have to be all carrot you know. You really seem to fixate on everything being solved by some sort of subsidy.
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Oct 3, 2016 21:12
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Lobok posted:Condos also have the cap gains advantage and depending on your city, a municipal property tax advantage. Every condo has a municipal property tax advantage, it's called deferral until sold.
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Oct 3, 2016 21:13
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Femtosecond on city council: Buuh, how can we stop all this condo development??? Duuhhh, nothin we can do i guess except subsidize rentals I guess.
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Oct 3, 2016 21:16
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Risky Bisquick posted:Every condo has a municipal property tax advantage, it's called deferral until sold. I meant the whole building itself pays less in municipal property taxes each year. If you take two structures that are exactly the same and one is high-rise rental and one is high-rise condo the latter pays less each year.
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Oct 3, 2016 21:24
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Baronjutter posted:It's really depressing that Canada doesn't have a huge number of smaller cities that have great qualities of life and actual jobs that people who don't want to live in Toronto or Vancouver or Montreal could live in. Even the US seems better in this respect. In europe most countries of course have their few big expensive cities, but there's usually dozens or more medium cities and tons of smaller cities that are still worth living in. I think you're forgetting about Waterloo, the Silicon Valley of Canada. Or maybe you should call Silicon Valley the Waterloo of California given how hot and exciting these new RIM products are!
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Oct 3, 2016 21:38
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cowofwar posted:Yeah I get it, Hamilton sux lol. But large areas of Toronto, Vancouver, Montreal and Quebec are also festering shitburgs. False Creek and the nearby waterfront areas were similar industrial poo poo-holes in the '60s. Do you know where I can find states for the scooters? I live a half-hour away in Brantford, and I see them EVERYWHERE. And please, don't poo poo on my dream of moving out of this backwater shithole by saying Hamilton sucks. It's still a step up for those of us born into less-fortunate circumstances, that want to find decent jobs (or be closer to the one I already have), places to go that serve more than piss-water beer and lame country music, girls that have hobbies more interesting than "see how many tattoos I can fit on my clavicle and shoulder-blade", and not fall under the incessant whine of white people complaining about how "Natives do nothing but drink and steal and whine. Fuckin' Trudeau."
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Oct 3, 2016 22:26
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Femtosecond posted:A typical condo building is already 60%+ rental. People buy them as investments so that they can rent them out. Removing rent control would potentially make these investments more lucrative, which would likely result in increased demand for condos and in developers being extra incentivized to create condos vs rental. Ban presales.
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Oct 3, 2016 23:08
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Fried Watermelon posted:You could always live in Brandon Manitoba When a town of 15000 is considered a small city in Canada I kind of agree with baronjutters point about the lack of development in non-urban areas.
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Oct 3, 2016 23:32
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blah_blah posted:The rental market is only loosely connected to the housing market in Vancouver and has been this way for a long time. Vancouver has housing prices on par or exceeding basically every city in North America, but rents are low in comparison. So why isn't toronto flooded with new rental builds then? There's no rent control on new buildings. Your argument is demonstrably false.
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Oct 3, 2016 23:41
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My part of Vancouver really is being flooded by rental-only buildings. I think there are more rental condo towers under construction than strata on the north shore now This is being built at the north side of Lions Gate Bridge  Lonsdale and 13th  East Keith road  And there may be a few more that aren't coming to mind right now
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Oct 4, 2016 00:01
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What's a "rental condo"? Do people buy the units and then have to rent them out?
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Oct 4, 2016 00:10
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Subjunctive posted:What's a "rental condo"? Do people buy the units and then have to rent them out? This is like the most common thing in the condo market. You buy like 3 condos (at presale) then rent them out for barely what your mortgage is, then you flip out when you realize that upkeep will eat into your breaking even, and sometimes dealing with tenants actually takes time and effort. But it's all ok because you still got idiots throwing away their money to pay for YOUR mortgage. In old buildings full of olds it's usually banned, but most all new condos end up getting nearly 50% rented out. Except renting a condo is often poo poo because you get treated 2nd class by the live-in owners, and you have an idiot as a landlord.
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Oct 4, 2016 00:13
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RBC posted:So why isn't toronto flooded with new rental builds then? There's no rent control on new buildings. Your argument is demonstrably false. Because there are lots of other significant factors encouraging speculation and favoring condo construction over rental construction, from basically all levels of government? I don't know how you can call this 'demonstrably false' when the confounding factor is the biggest property bubble in Canadian history.
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Oct 4, 2016 00:19
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blah_blah posted:Because there are lots of other significant factors encouraging speculation and favoring condo construction over rental construction, from basically all levels of government? I don't know how you can call this 'demonstrably false' when the confounding factor is the biggest property bubble in Canadian history. Uh no poo poo? Why even bring up rent control? It's demonstrably false because it is. You claimed Vancouver doesn't build purpose built rentals because of rent control. I said that's not true, because Toronto doesn't either, and it doesn't have rent control on new buildings. This is what we call "reality." Not a fabricated economic case study done in a vacuum.
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Oct 4, 2016 00:30
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those new north van condos are lol. pay downtown prices for suburban infrastructure and commute times. and half of them are adjacent to the freeway haha
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Oct 4, 2016 00:35
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does the seabus run 24 hours now? no? gently caress off
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Oct 4, 2016 00:38
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RBC posted:It's demonstrably false because it is. You claimed Vancouver doesn't build purpose built rentals because of rent control. I said that's not true, because Toronto doesn't either, and it doesn't have rent control on new buildings. I said it was one of the contributing factors, which it is ("A big part of this..."). I mean, if we're going to go down the 'reality' road, I live in a purpose-built rental in San Francisco, where, just like Toronto, we don't have rent control on new buildings (but do on pre-1979 buildings). Purpose-built rentals are actually being built reasonably frequently out here. It's almost as if the right combination of incentives, rather than any single one, can make that happen.
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Oct 4, 2016 00:40
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blah_blah posted:I said it was one of the contributing factors, which it is ("A big part of this..."). A big part of this implies your point is rent control is the big contributing factor. Which is wrong. Not to mention your total lack of understanding of what rent control actually is and that when "economists" claim it reduces supply they are referring to price ceilings, which is not the type of control that is employed in BC.
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Oct 4, 2016 00:55
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I mean it's almost as if you have no point at all to make except for this shallow understanding of a garbage economic theory that's 20 years old.
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Oct 4, 2016 00:56
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http://www.theglobeandmail.com/glob...rticle32219135/quote:Ottawa has brought this country's housing fantasy to an end
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Oct 4, 2016 01:14
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blah_blah posted:I said it was one of the contributing factors, which it is ("A big part of this..."). There it is. A supply sider in SF, lmao. Tell me more.
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Oct 4, 2016 01:17
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