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Baronjutter
Dec 31, 2007

"Tiny Trains"

I really wish we still built proper row houses anymore. Just take an existing single family home block, divide all the lots in 2 or 3, and build a street wall of individually owned no loving strata involved row houses.

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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





namaste faggots posted:

That $1164/sqft unit used to be occupied by a bunch of mountain biking bros who had a sweet Park Bike stand and used to wrench a santa cruz blur out there

i know because i overlook it. it was pretty hilarious after a windstorm in 2015 when half their poo poo went flying

i can't believe that shitbox is only 500 sqft

i thought the unit i live in was the smallest plan in the building but it's 715 sqft. i dunno how they lived in 500 sqft

UnfortunateSexFart
May 18, 2008

𒃻 𒌓𒁉𒋫 𒆷𒁀𒅅𒆷
𒆠𒂖 𒌉 𒌫 𒁮𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑


rhazes posted:

Dishwasher, sure. But I ride my road bike 4x a week and run just as often so for me, in-suite laundry is almost a necessity. I'm doing my laundry every second day and often it's stuff that needs to be separated so it's 2 or 3 loads..

My 70s condo has a shared laundry room for 60+ units that's always empty because everyone has (against strata rules) added washer/dryer combos to one of their closets.

One of the bonuses of an older building in Vancouver is more than one closet after all.

MiddleOne
Feb 17, 2011

Baronjutter posted:

I really wish we still built proper row houses anymore. Just take an existing single family home block, divide all the lots in 2 or 3, and build a street wall of individually owned no loving strata involved row houses.

Row houses kinda blow.

namaste friends
Sep 18, 2004

by Smythe
https://twitter.com/noshortre/status/787303803426975744?s=09

I would blow Dane Cook
Dec 26, 2008


:australia::hf::canada:

Femtosecond
Aug 2, 2003

Baronjutter posted:

I really wish we still built proper row houses anymore. Just take an existing single family home block, divide all the lots in 2 or 3, and build a street wall of individually owned no loving strata involved row houses.

That's fee simple. It was illegal in BC for some reason for a very long time, which is probably why developers haven't really made very many of them. I have no idea why. This article about it is from 2010 and at that point they still hadn't changed the rules.

http://www.theglobeandmail.com/life/home-and-garden/architecture/finally-a-row-house-of-ones-own/article571864/

This 2015 article states that it is legal, so the rules only changed very recently.
http://www.rew.ca/news/opinion-it-s-time-to-increase-supply-of-fee-simple-row-houses-1.1794077

Kreez
Oct 18, 2003

I wonder how much of the new build shoebox market is relying on 25-35 year olds making $70,000 a year throwing the maximum a bank will lend them at whatever is new and shiny? Could we see that market slowing down in 2 days, when the new stress test rules come into effect? (Or perhaps until November when the same rules come into play for 20% down mortgages as well if the banks want to insure them, which I assume they will)

Using a market rate of 2.25%, the new stress test rate of 4.64%, 39% gross debt allowed, and $400 in property tax & utilities, your 70k earning HootSuite employee who just HAS to live in a new building near a brewery could get a mortgage for $430,000. Throw in a down payment of somewhere near 20% thanks to downsizing boomer parents, and you can "afford" a $530,000 condo, which just happens to be pretty much the exact price of a 600sqft. condo!

With the new rules, that mortgage will only be for $330,000, and after a 20% down payment that gives us $420,000 to spend.

I'd put money on a 600sqft. condo costing $420k instead of $530k this time next year... Thoughts?

MickeyFinn
May 8, 2007
Biggie Smalls and Junior Mafia some mark ass bitches

Kreez posted:

I wonder how much of the new build shoebox market is relying on 25-35 year olds making $70,000 a year throwing the maximum a bank will lend them at whatever is new and shiny? Could we see that market slowing down in 2 days, when the new stress test rules come into effect? (Or perhaps until November when the same rules come into play for 20% down mortgages as well if the banks want to insure them, which I assume they will)

Using a market rate of 2.25%, the new stress test rate of 4.64%, 39% gross debt allowed, and $400 in property tax & utilities, your 70k earning HootSuite employee who just HAS to live in a new building near a brewery could get a mortgage for $430,000. Throw in a down payment of somewhere near 20% thanks to downsizing boomer parents, and you can "afford" a $530,000 condo, which just happens to be pretty much the exact price of a 600sqft. condo!

With the new rules, that mortgage will only be for $330,000, and after a 20% down payment that gives us $420,000 to spend.

I'd put money on a 600sqft. condo costing $420k instead of $530k this time next year... Thoughts?

Reported for obvious pornography.

Femtosecond
Aug 2, 2003

I don't think the developer of that 11,000 unit Lougheed mega project is going to be in that big of a rush to put shovels in the ground.

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.

Kreez posted:

I wonder how much of the new build shoebox market is relying on 25-35 year olds making $70,000 a year throwing the maximum a bank will lend them at whatever is new and shiny? Could we see that market slowing down in 2 days, when the new stress test rules come into effect? (Or perhaps until November when the same rules come into play for 20% down mortgages as well if the banks want to insure them, which I assume they will)

Using a market rate of 2.25%, the new stress test rate of 4.64%, 39% gross debt allowed, and $400 in property tax & utilities, your 70k earning HootSuite employee who just HAS to live in a new building near a brewery could get a mortgage for $430,000. Throw in a down payment of somewhere near 20% thanks to downsizing boomer parents, and you can "afford" a $530,000 condo, which just happens to be pretty much the exact price of a 600sqft. condo!

With the new rules, that mortgage will only be for $330,000, and after a 20% down payment that gives us $420,000 to spend.

I'd put money on a 600sqft. condo costing $420k instead of $530k this time next year... Thoughts?

You'd like to think it would work that way, but it was just the last page that Canadian tech companies are bemoaning "labour shortages" when they pay fractions of what engineers can make elsewhere, so it's pretty loving clear that almost all the "rules" of capitalism are moot at this point (except for the constant generation of crisis and boom-bust cycles.)

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

Kreez posted:

I wonder how much of the new build shoebox market is relying on 25-35 year olds making $70,000 a year throwing the maximum a bank will lend them at whatever is new and shiny?

Lots of it. Everyone in I know who has bought one of those is in exactly that demo.

Fuckin concrete skyboxes. No deck, windows don't even open far enough to suicide out of.

Kreez posted:

Could we see that market slowing down in 2 days, when the new stress test rules come into effect? (Or perhaps until November when the same rules come into play for 20% down mortgages as well if the banks want to insure them, which I assume they will)

Yes.

Rime
Nov 2, 2011

by Games Forum

Vehementi posted:

Is your info up to date? Amazon definitely pays mid six figures, which is still a big discount considering USD:CAD, but from all the salaries I've heard of from friends who work or worked at Amazon your information is wildly inaccurate

Straight from current employees of all the above companies, yes. Amazon isn't paying "Mid-Six" unless your a senior dev, and even there they're wildly underpaying (mid-six is a stupid term, since we're talking about maxing out around $140k cad). There's a reason they're getting mad turnover.

Rime fucked around with this message at 20:47 on Oct 15, 2016

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Rime posted:

Straight from current employees of all the above companies, yes. Amazon isn't paying "Mid-Six" unless your a senior dev, and even there they're wildly underpaying (mid-six is a stupid term, since we're talking about maxing out around $140k cad). There's a reason they're getting mad turnover.

Them underpaying is only part of the reason for their turnover. If you are staying in Vancouver, that is close to top of the line you can expect.

Rime
Nov 2, 2011

by Games Forum
Well yeah, I highlighted their absurd "on-call" policies in my original post. Who the gently caress wants to regularly put in 16 hours a day on saturday or sunday (or both, in the case of one person I know) when you're salaried at $80k? You're driving your effective wages through the floor if you put up with that bullshit.

Lobok
Jul 13, 2006

Say Watt?

Baronjutter posted:

I really wish we still built proper row houses anymore. Just take an existing single family home block, divide all the lots in 2 or 3, and build a street wall of individually owned no loving strata involved row houses.

You can take your increased density and shove it up your rear end you commie libtard.

Rime
Nov 2, 2011

by Games Forum

Baronjutter posted:

I really wish we still built proper row houses anymore. Just take an existing single family home block, divide all the lots in 2 or 3, and build a street wall of individually owned no loving strata involved row houses.

There's shittons of these out in Coquitlam. I stare down at them from my current job site and wonder how such a maze would survive the collapse of the personal vehicle, since the neighborhoods aren't designed for transit and they're like a 30 minute walk from the nearest grocery store. An impenetrable wall of cul-de-sacs and dead-blocs.

Saltin
Aug 20, 2003
Don't touch

Rime posted:

(mid-six is a stupid term, since we're talking about maxing out around $140k cad).

Mid-six is a stupid term because it actually means ~500k/year.

Professor Shark
May 22, 2012

The Nova Scotia Teacher's Union is putting out both a lot of pressure for us to vote to strike but also lots of releases telling members that a strike doesn't necessarily mean picket lines, I assume because, like myself, people can't afford to go on strike.

namaste friends
Sep 18, 2004

by Smythe
So basically a cuck strike

Professor Shark
May 22, 2012

An older coworker was trying to get another younger teacher and myself riled up over the government wanting to take away the Service Award and wasn't too pleased when we told her that there was no way in Hell that we'd ever get it when it came time for us to retire, so it was hard to be upset over.

Like, goddamn lady, I'm worried about taking a pay decrease over the next 4 years, not the cheque you get when you retire in July before you start subbing in September.

Lexicon
Jul 29, 2003

I had a beer with Stephen Harper once and now I like him.
What's a service award?

etalian
Mar 20, 2006

ocrumsprug posted:

Them underpaying is only part of the reason for their turnover. If you are staying in Vancouver, that is close to top of the line you can expect.

It's another horrible salt mine cult compound tech company that tries to look like a fun place on the outside.

Femtosecond
Aug 2, 2003

Spotted this image on twitter. I'm going to assume the numbers are accurate.



What sort of correction do you think we'll get?

a) 1980s correction, -52%
b) 1990s correction, -23%
c) Worse than both.
d) Actually, house prices can only go up.

edit: Let's also add

e) somewhere in between 1980s,1990s

Femtosecond fucked around with this message at 00:46 on Oct 16, 2016

Professor Shark
May 22, 2012

Lexicon posted:

What's a service award?

Money that is meant to make up for the lack of cost-of-living or something, I understand it gets spent on boats and cars from the retired teachers who come in and talk about how hard being retired is in the staff rooms

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
Its real hard to get by servicing the cost of car ownership after spending a cash bonus on a depreciating asset the second you retire. How do these people even survive such hardship

Rime
Nov 2, 2011

by Games Forum

Femtosecond posted:

Spotted this image on twitter. I'm going to assume the numbers are accurate.



What sort of correction do you think we'll get?

a) 1980s correction, -52%
b) 1990s correction, -23%
c) Worse than both.
d) Actually, house prices can only go up.

edit: Let's also add

e) somewhere in between 1980s,1990s

$800k is still a loving retarded amount of money to spend on anything in this life unless it's life-extension, so anything short of a 75% correction or better is meaningless.

Professor Shark
May 22, 2012

Sorry guys I think I'm a bit salty this evening

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

etalian posted:

It's another horrible salt mine cult compound tech company that tries to look like a fun place on the outside.

My gut tells me that they are going to pull out of Vancouver in a few years. The market of software developers here just is not big enough here for their interview process and their turn over. My buddy on his way out the door told me that three of the projects he was managing were currently only had one intern due to departures.

Every month I imagine most people get the same 4 headhunters bugging them on Linkedin.

Femtosecond
Aug 2, 2003

ocrumsprug posted:

My gut tells me that they are going to pull out of Vancouver in a few years. The market of software developers here just is not big enough here for their interview process and their turn over. My buddy on his way out the door told me that three of the projects he was managing were currently only had one intern due to departures.

Every month I imagine most people get the same 4 headhunters bugging them on Linkedin.

Yeah remember all the excitement about Facebook setting up shop here? They quietly pulled out when it became clear that the talent pool was too shallow.

Everyone I know that has worked at Amazon in Vancouver has moved onto other things. It doesn't seem like a place people are excited to work at.

blah_blah
Apr 15, 2006

You have a fundamental misunderstanding of why those offices exist in the first place.

Femtosecond
Aug 2, 2003

Even using them to streamline immigration of foreigners to the USA wasn't worth it apparently

namaste friends
Sep 18, 2004

by Smythe
Because Vancouver is the best place on earth

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

The FB office was only ever intended to be open for 2 years, it's not like people were caught unaware as to the talent market in Vancouver.

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





no one who worked in the vancouver fb office was canadian. it was never meant to be permanent and it would have been in yellowknife if somehow sf <-> yellowknife flights were shorter than sf <-> vancouver flights

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

The FB Van office was run by two Canadians, good friends of mine. They were at FB in the valley and moved up to Vancouver to run the office while it was open. Handful of other expats did time up there too while it was living out its purpose. The couple of times I worked there people seemed to be having a good time, but they all knew when their clock was up to move south.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Subjunctive posted:

The FB office was only ever intended to be open for 2 years, it's not like people were caught unaware as to the talent market in Vancouver.

What was the rational for 2 years? Is there a limit on how long the Canadian PR->NAFTA US visa trick works? Seems like a lot of effort for something that you, for mysterious reasons, don't want to do in the third year.

Rime
Nov 2, 2011

by Games Forum

ocrumsprug posted:

What was the rational for 2 years? Is there a limit on how long the Canadian PR->NAFTA US visa trick works? Seems like a lot of effort for something that you, for mysterious reasons, don't want to do in the third year.

They openly stated in the press releases that the FB office was a clearing house for US Visa wait-outs. And the BC government lauded that we were shipping our talent south.

Guigui
Jan 19, 2010
Winner of January '10 Lux Aeterna "Best 2010 Poster" Award
I'm a bit surprised the thread disagrees with C.I. on renting a condo. Back when we stayed in Toronto, I had a few classmates that did this, and they were dismayed when they came over to our place.

Our building used to have some plumbing challenges, and some of the residents too manners into their own hands when the toilet tanks would not fill due to clogging or whatever. Some people used to crap in plastic bags and either put them out on the balcony with the rest of the pigeon crap, or they would be more 'sensible' and toss it down the garbage chute.

In the past, the garbage chute often got clogged as people would put waaaay too much garbage at once. About every season, we would have the cursory visit by the fire marshall because someone decided to set a fire I the chute to dislodge the mass of clogged garbage.

Well this one time, for a while, the garbage chute reaked of human crap. We complained because the smell would come into the appartment and we were a little peturbed at having to duct-tape the door entrance (this also helped to control for cockroaches, but anyway). Needless to say, someone decided to set fire to this mass of garbage and human fecal material....

... Needless to say, we were waiting outside we could hear the fire marshall yelling and screaming at the management. Apparently one of his crew

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Professor Shark
May 22, 2012

So the book Highrise

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