- EvilJoven
- Mar 18, 2005
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NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
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Fun Shoe
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Nickel*
Also very fitting because that thing is hollow.
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Apr 18, 2017 17:05
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- Adbot
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ADBOT LOVES YOU
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Jun 13, 2024 00:29
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- namaste friends
- Sep 18, 2004
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by Smythe
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http://www.cbc.ca/news/canada/british-columbia/bad-news-for-metro-vancouver-home-buyers-as-prices-climb-1.4073731
quote:
Bad news for Metro Vancouver home buyers as prices climb
According to realty company Royal LePage, the recent correction in housing market may be coming to an end
The latest report from realty organization Royal LePage offers grim news to anyone hoping to buy a home in the Vancouver area.
"There is now reason to believe that the market correction underway in Vancouver may be short-lived," said Royal LePage CEO Phil Soper. "The principal victims of the B.C. government's foreign buyer tax were Canadians who had planned to sell or buy a home and were frightened away by unsubstantiated rhetoric in which the Chinese were entirely to blame for Vancouver's housing shortage.
According to the report the price of a home in Greater Vancouver climbed 12.3 per cent year-over-year to nearly $1.2 million in the first three months of 2017.
Whiplash effect?
Soper says a natural correction was on the way last summer just as the foreign homebuyers tax was introduced and what he calls "heavy-handed regulatory intervention" suddenly slowed demand, but has now caused a whiplash effect resulting in higher prices.
"Vancouver house prices are up compared to the first quarter of 2016, yet this doesn't tell the complete story," continued Soper. "For weeks now, we have witnessed a steady fall in real estate values in the Lower Mainland, with sales activity down some 40 per cent compared to recent norms."
"The reality is that as much as 90 per cent of the housing activity that disappeared overnight in the Lower Mainland after the tax was introduced was from Canadian residents, not foreign investors. Homebuyers are waking up to this reality and may be ready to rush back into the market."
welp
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Apr 18, 2017 19:26
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- Mandibular Fiasco
- Oct 14, 2012
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This is insane. This stupid province is so wildly screwed. So basically, life in BC means spending all your income on shelter. That sounds like a great basis for an economy!
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Apr 18, 2017 19:31
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- Mozi
- Apr 4, 2004
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Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
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Nap Ghost
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When I get to the bottom I go back to the top of the slide
And I stop and I turn and I go for a ride
And I get to the bottom and I see you again, yeah, yeah
Look out
Helter shelter, helter shelter
Helter shelter
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Apr 18, 2017 19:43
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- EvilJoven
- Mar 18, 2005
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NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
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Fun Shoe
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My advice to teens; leave BC and move somewhere else. Good weather (If you don't mind a shitload of rain) is not worth it.
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Apr 18, 2017 19:47
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- namaste friends
- Sep 18, 2004
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by Smythe
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https://twitter.com/karmenblackwood/status/854378831817224194
But why do we need to attract human capital are you saying Canadians aren't already good enough?????
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Apr 18, 2017 20:07
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- Sundae
- Dec 1, 2005
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I love that we've transitioned from "people" to "workers" to "employees" to "resources" to "capital."
You're not a person. You're a human capital resource. Barely.
Now go buy a loving condo. This bubble ain't gonna grow itself.
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Apr 18, 2017 20:19
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- leftist heap
- Feb 28, 2013
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Fun Shoe
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Thanks CBC news for the unedited press release from a real estate company. Top notch reporting.
The lack of good information and the outright misinformation in housing in this two-bit, idiotic country is incredible. We are at the whims of dueling press releases from various special interests to tell us what's going on in the market. Buuuh, self regulation works!
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Apr 18, 2017 22:25
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- Lexicon
- Jul 29, 2003
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I had a beer with Stephen Harper once and now I like him.
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One of the more-prominent donkeys who regularly contributes to the VanRE 'discourse'
https://twitter.com/michaelgeller/status/852181617397211140
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Apr 18, 2017 23:16
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- Evis
- Feb 28, 2007
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Flying Spaghetti Monster
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Won't someone think of all those poor people with second homes in Vancouver?
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Apr 18, 2017 23:20
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- namaste friends
- Sep 18, 2004
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by Smythe
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Fun fact: Michael Geller became something of a celebrity because of the UniverCITY development at sfu. Amongst the planning community, he's considered a moron and a shill for developers.
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Apr 18, 2017 23:23
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- namaste friends
- Sep 18, 2004
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by Smythe
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https://www.biv.com/article/2017/4/proposed-victoria-foreign-buyer-tax-gets-mixed-rev/
quote:
Proposed Victoria foreign-buyer tax gets mixed reviews
Municipalities across Greater Victoria will have a chance to weigh in on whether a foreign-buyer tax should be introduced on residential real estate sales in the area.
Victoria Mayor Lisa Helps had proposed that the Capital Regional District ask the province to levy a 15% foreign-buyer tax in the region should the percentage of foreign purchasers in the CRD be 10% or more for two consecutive months.
Helps, who introduced the motion with acting CRD Chair David Howe, called the idea “pre-emptive,” noting the percentage of foreign purchasers in the capital region is currently “well below” 10%.
That percentage in Vancouver was well above 10% when the province introduced a 15% foreign-buyer tax there last August, she said.
“We know that property in this region is expensive, but the data doesn’t show that that’s because of foreign purchasers,” Helps said, adding that that might change should the Ontario government impose a similar tax to cool the overheated Toronto housing market.
“Again this motion is pre-emptive. It’s so we’re not caught waiting should we start to see an increase,” she said.
But after several people spoke in opposition last week, directors agreed to a suggestion to postpone further consideration for two months to give municipalities an opportunity to submit input.
Juan de Fuca electoral area director Mike Hicks said while such a tax might be needed in Victoria or Oak Bay, housing prices and increases vary widely throughout the region, and the affordability problem Victoria is experiencing isn’t the same in Langford, Sooke or Juan de Fuca.
“Vancouver between Squamish and Hope had a 30 to 50% increase in property values this year. In our area, the Juan de Fuca had 7%. Langford had 8.5, Sooke, 8.75, Metchosin 10% — all really nice annual increases,” Hicks said, adding the increase was 20% in Saanich, 24% in Victoria and 31% in Oak Bay.
“Oak Bay’s average house is $1 million now, but in Langford, it’s $456,000, in Sooke $394,000 and Juan de Fuca $435,000.”
Victoria Coun. Jeremy Loveday said he not only supports the idea of the tax but would like to see it brought in immediately, adding foreign buyers already account for 5.2% of sales here. “Speculation is already an issue in our region. Costs are skyrocketing and the dream of home ownership is getting further and further away for many of our residents,” he said.
Ara Balabanian, president of the Victoria Real Estate Board, said while the board is monitoring the effect of the foreign buyer tax in Metro Vancouver, it’s important to note that Victoria is not Vancouver.
“Our market conditions and our community offer different things to people emigrating from other countries,” he said, quoting from a letter the board recently sent to local municipalities, saying diversity “improves our community and helps to provide a foundation for a sustainable local economy” and increasing supply is a better way to increase affordable housing.
Metchosin Mayor John Ranns said the proposal might be reasonable for Victoria but the problem isn’t affecting Metchosin or the other West Shore communities.
“I also have a concern that every time government gets involved in the free market there are repercussions and we haven’t had the opportunity to view or discuss unintended consequences of this,” Ranns said.
guys we don't need to implement this tax because it's not as bad as elsewhere yet
also unintended consequences to the free market lol
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Apr 19, 2017 01:31
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- namaste friends
- Sep 18, 2004
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by Smythe
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http://archive.is/OlsjY
archiving this for posterity
quote:
A contrarian view on Canadian housing
Canadian housing prices have been on an undeniable tear over the last few years. Home affordability is a touchy subject, and everyone seems to have a strong opinion on the potential causes and implications. At Baskin, we try to perform our research as objectively as possible and to act upon our conclusions, no matter how unpopular they may be. Our singular goal is to make money for our clients, not to generate clicks to our website. We rely on 3rd party research not for its opinions, but to see if we missed anything important in our analysis.
The media and economists appear universally of the opinion that Canadian housing, particularly in the Greater Toronto Area, is an inflated bubble and a disaster waiting to happen. Some people even think that the situation will be worse than what happened in the US in 2008. There is plenty of anecdotal evidence and there are pictures showing run-down looking houses selling for expensive prices. The most common arguments for GTA housing being in a bubble are:
1) Housing prices have risen a lot in recent years and continue to rise
2) Home prices relative to income levels are at historic levels
3) Household debt is at historically high levels
To start, what exactly is a bubble? Merriam-Webster offers the following definitions:
The 2nd and 5th definitions are of obvious relevance. Clearly Toronto housing has been “in a state of booming economic activity”. In 2016 the average GTA home price jumped 20%, with the average detached home price now at $1.21m as of March 2017. But does this necessarily mean it is “something that lacks firmness, solidity, or reality”?
Just because the price of something has risen does not necessarily mean that it’s in a bubble. Since 2009 Apple’s stock price is up over 700%, far outpacing GTA housing, but there are relatively few people who argue that Apple’s stock is in a bubble, simply because Apple has experienced strong growth over the same period of time.
However, housing is not like stocks. Housing is both an investment and a social good, since it provides people with the basic necessity of shelter. These two purposes conflict with each other, since as housing prices rise, homeowners experience a greater return on their investment while making it more expensive for those who are starting out, both on a rental or to-buy basis. It is socially desirable for people who want to have a house to be able to afford one, but on the other hand it seems fair that those who are both willing and able to pay more for desirable properties win out on the bids.
The most common explanation for why GTA housing is “unsustainable” is that it has risen beyond household income levels. Many economists state a relatively arbitrary figure of 3x gross household income as a reasonable benchmark for housing prices. The median home in Toronto is now priced at around 7-8x the median household wage.
Here are some housing prices for other cities around the world by comparison:
The 2nd and 5th definitions are of obvious relevance. Clearly Toronto housing has been “in a state of booming economic activity”. In 2016 the average GTA home price jumped 20%, with the average detached home price now at $1.21m as of March 2017. But does this necessarily mean it is “something that lacks firmness, solidity, or reality”?
Just because the price of something has risen does not necessarily mean that it’s in a bubble. Since 2009 Apple’s stock price is up over 700%, far outpacing GTA housing, but there are relatively few people who argue that Apple’s stock is in a bubble, simply because Apple has experienced strong growth over the same period of time.
However, housing is not like stocks. Housing is both an investment and a social good, since it provides people with the basic necessity of shelter. These two purposes conflict with each other, since as housing prices rise,
homeowners experience a greater return on their investment while making it more expensive for those who are starting out, both on a rental or to-buy basis. It is socially desirable for people who want to have a house to be able to afford one, but on the other hand it seems fair that those who are both willing and able to pay more for desirable properties win out on the bids.
The most common explanation for why GTA housing is “unsustainable” is that it has risen beyond household income levels. Many economists state a relatively arbitrary figure of 3x gross household income as a reasonable benchmark for housing prices. The median home in Toronto is now priced at around 7-8x the median household wage.
Here are some housing prices for other cities around the world by comparison:
What this shows is that from an economics perspective, there is no particular reason why housing has to be affordable for the average person. Real estate in Hong Kong has been expensive since the handover in 1997, and continues to be exceptionally expensive. In desirable places where people want to live, it is natural that good real estate is expensive. Short-sellers frequently counter that Toronto is not a world-class city, like London, Tokyo, or New York, in which case I would suggest that they just come here and visit the city, which is consistently ranked as one of the best cities in the world to live. I don’t see Detroit on any of the “best places to live” lists.
The most common way to view housing as an asset class is the “cap rate”, or the net operating income of a property divided by the property value. For the GTA, cap rates for residential properties are within the range of 3.5%-4.75% as per Colliers, while globalpropertyguide.com shows Toronto condos to yield between 3-5%, depending on the location. The “fair” return on an investment in a rental property (or any other asset class for that matter) depends on the level of interest rates. Since 1990, the spread between the cap rate and the 10-year Government of Canada bond has fluctuated between 2%-4%, and have not tightened in recent years despite rising home prices.
In the GTA, rising home prices seem truly to be a function of the lack of supply rather than because of speculation or foreign buyers. There is a severe lack of supply based on interest for buying a house with inventory in Feb 2017 now below one month, while sales activity is slightly higher than historical levels:
There are not many officially reported statistics for foreign buyers or speculation statistics, but a holistic view at the multitude of evidence shows both the level of foreign buyers in the GTA to be low, and the home vacancy rate to be low as well. Thus, home affordability may be a social issue, but that does not necessarily mean the high housing prices are in a bubble. Low interest rates, lack of housing supply, and Toronto being a desirable place to live all provide fundamental support for a high housing price level.
The next common argument is that Canadian debt is at record highs. Again this is true:
The amount of debt Canadians have relative to income has risen in a straight line since 1991 and is at a record high. However despite the increased debt load, Canadians are only about 2% less able to service this debt than in the 1990s. This is because interest rates have fallen from about 13%-14% in 1991 to below 1% throughout the same period of time.
Again, it is entirely consistent that people and businesses are going to borrow more money if they can pay a lower rate of interest. After all, isn’t the entire purpose of low interest rates to stimulate borrowing and spur investment?
Canadians have also gotten richer. In fact, Canadians have decreased borrowings relative to changes in their net worth over the last 5 years….
…and Canadians are also not borrowing an increasing amount of money relative to home prices. By contrast, the US ratio prior to the financial crisis was in the high 50s.
This is supported by a review of the annual reports of major Canadian banks. Most banks are originating uninsured loans at less than 70% loan-to-value ratios, giving themselves plenty of buffer room while banks like Countrywide Financial in the US were making loans at above >100% before the financial crisis. Furthermore, US homeowners are allowed to simply hand in the keys to their home to default on their mortgages, while Canadians cannot do this. As a result, it seems unlikely that a Canadian housing crash would be anything near as bad as a 2008-style crash.
So what will happen if interest rates rise? Cap rates will likely rise, leading to lower property prices. People will have to re-finance their mortgages on less favorable rates and some people will be unable to pay, further leading to lower housing prices. But this is not unique to the housing market. The prices of most asset classes should fall if interest rates begin to rise, and individuals, companies, and governments that are more heavily levered will be impacted negatively. Many people argue that the current era of low interest rates is creating artificially high prices across all asset classes with severe consequences when interest rates begin to rise. But this is a topic for another time.
So what does this all mean? Housing prices are expensive not because housing itself is in a bubble, but because all asset classes are expensive. Housing prices might still fall 20% or 30% perhaps due to government intervention, but the evidence shows that despite being increasingly unaffordable for new home buyers, the current expensive housing prices are rational, and should be expected in the low interest rate environment. Canadians are also taking on record amounts of debt, but again, with interest rates so low, their ability to service the debt has remained unchanged.
Until rates rise materially, I would not count on being able to buy a detached house in Forest Hill for $500,000 for the foreseeable future.
Ernest Wong
April 17, 2017
this loving dipshit
https://www.linkedin.com/in/ernest-wong-cfa-7192b217/
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Apr 19, 2017 01:41
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- cowofwar
- Jul 30, 2002
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by Athanatos
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What is that informally written barely grade school level written garbage?
quote:To start, what exactly is a bubble? Merriam-Webster offers the following definitions:
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Apr 19, 2017 01:51
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- namaste friends
- Sep 18, 2004
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by Smythe
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http://www.cbc.ca/news/business/toronto-real-estate-summit-1.4073857
quote:
'The hype was crazy': In Toronto's real estate lottery, the winners pity the losers
If real estate is a lottery draw, Toronto-area homeowner Marni Blouin won the jackpot.
Blouin and her husband purchased their modest detached home in Scarborough, Ont., 12 years ago for $238,000. In early April, they listed it for sale at $629,000, after hearing about the scorching-hot market that has boosted Toronto home prices by nearly 30 per cent annually.
"When it was actually getting ready to be listed at the beginning of April, I couldn't even watch the news because the hype was crazy," said Blouin.
They received an offer for $850,000 the very same day the listing was posted on MLS, and soon sold the home for $875,000. Blouin said she and her husband were shocked, but also thrilled.
"It felt really good," she said. "We knew we would get good money, but we didn't think it would yield that much at this point."
No major new measures
A Tuesday meeting between federal Finance Minister Bill Morneau, Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory focused on how to rein in the economic forces that have jacked up the value of homes like Blouin's.
The three leaders didn't announce any major new actions to reporters gathered after the summit.
Morneau said Ottawa has agreed to help the province and city with economic analysis, instruct the Canada Revenue Agency to devote more resources to combating tax avoidance in the real estate sector, and use the Financial Transactions and Reports Analysis Centre of Canada to "ensure compliance" with laws targeting money laundering.
Ontario Finance Minister Charles Sousa (left), Toronto Mayor John Tory and Federal Finance Minister Bill Morneau met to discuss the housing market in the Greater Toronto Area on Tuesday. (Chris Young/Canadian Press)
"Short-term, we've agreed to refrain from introducing new measures for buyers which would impact housing prices in the GTA by boosting demand," said Morneau.
Morneau's provincial counterpart Charles Sousa said his government would announce "a suite of measures designed to increase supply and address demand" in its upcoming budget, to be unveiled on Thursday, April 27.
Multiple theories on home price increases
The problem is, nobody knows exactly what's driving the price increases, said Scotiabank chief economist Jean-Francois Perrault. Wealthy foreign buyers, house-flipping speculators, and a lack of supply caused by restrictive government development policies have all been blamed by various commentators.
Perrault said a tax on foreign buyers, like the 15 per cent property transfer tax in Metro Vancouver last year, would likely be ineffective in Toronto. Although Vancouver's foreign buyer tax "might have had an impact over a short period of time," he said the sparse data on foreign buyers in Toronto suggests there simply aren't as many foreign buyers in Canada's biggest city.
Tsur Somerville, who studies real estate as an associate professor at UBC's Sauder School of Business, said Vancouver's foreign buyer tax "psychologically acted to break things down and slow things down," and reassured Vancouverites that their government was listening to their concerns.
Tsur Somerville, who studies real estate in the Vancouver area, said that city's tax on foreign home buyers had a definite psychological impact on buyers, but that an actual causal effect on the real estate market remains unclear. (CBC)
"I think trying to actually say that it had a causal effect is a lot more problematic, mainly because the market here started declining in advance of the tax," he said.
Scotiabank's Perrault has called instead for a house flipping tax, using the existing system of land transfer taxes to target speculators. The tax would be applied to sellers who have only owned a home for a short period of time, and the tax rate would shrink as homeowners hold the home for longer.
"So the idea is, you make speculating a little bit more expensive, but you also have to recognize at the same time that speculation plays an important role and you don't want to kill it completely," said Perrault.
'A full spectrum of solutions'
Taxes on speculators or foreign buyers might help, said Sean Speer, a Munk senior fellow at the Macdonald-Laurier Institute, but he said it wouldn't address what he sees as the root cause of the problem: a lack of supply, rather than a surplus of demand.
"I think that municipal politicians and provincial politicians need to look at the extent to which their own policies, particularly around zoning and development, are affecting the city's housing affordability challenges," he said.
"We have people steering the car in the direction of addressing the demand problems, and then other voices driving in the other direction to deal with supply," said Speer. "The truth is we need a full spectrum of solutions."
Lucky sellers like Marni Blouin and her husband have already found their solution. Equipped with the profit from selling their house, the couple plans to rent in the Toronto area for the next few years and then retire to Quebec.
Although Marni Blouin sold her family's house for a healthy profit, she said she feels bad for young people trying to break into real estate in the Greater Toronto Area.
Blouin said she's happy for herself, but is worried about how Toronto's inflated housing market will impact young people like her 30-year-old son.
"As much as I like the money, I'm kind of sad for the people that are looking for a house, really," she said.
loooool
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Apr 19, 2017 02:43
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- cowofwar
- Jul 30, 2002
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by Athanatos
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quote:"Short-term, we've agreed to refrain from introducing new measures for buyers which would impact housing prices in the GTA by boosting demand," said Morneau.
Hi we've set a meeting to discuss the opiod crisis.
Well that was a good meeting, we've decided not to hand out free opiates.
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Apr 19, 2017 02:56
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- leftist heap
- Feb 28, 2013
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Fun Shoe
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don't worry guys bill morno has vowed to meet quarterly about housing now that toronto is involved. *dusts off hands* problem solved
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Apr 19, 2017 03:06
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- PT6A
- Jan 5, 2006
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Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane
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lol
Hi we've set a meeting to discuss the opiod crisis.
Well that was a good meeting, we've decided not to hand out free opiates.
I call bullshit on this analogy: handing out clean, measured doses of heroin to addicts would probably be a much more effective way of dealing with the opioid crisis than what was (or, more accurately, wasn't) done with the housing market.
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Apr 19, 2017 03:51
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- I would blow Dane Cook
- Dec 26, 2008
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Toyota Australia has hitched its wagon to Melbourne’s boom in high-rise living with plans for a massive four-tower apartment project over its dealership just outside the CBD.
The proposed development – with more than 1000 apartments earmarked for residents and student accommodation – has taken a step forward, winning endorsement from Melbourne’s city council this week.
That backing will add weight to the plan which now goes to the state government for a final decision.
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Apr 19, 2017 06:20
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- leftist heap
- Feb 28, 2013
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Fun Shoe
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Canadian Debt Bubble: Gimme (decent) Shelter
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Apr 19, 2017 07:05
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- namaste friends
- Sep 18, 2004
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by Smythe
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If we adapt our expectations and create new solutions we can all have "decent" shelter
- marie antoinette
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Apr 19, 2017 07:06
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- leftist heap
- Feb 28, 2013
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Fun Shoe
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if there's one thing history has taught us it's that nothing ever changes.
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Apr 19, 2017 07:05
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- UnfortunateSexFart
- May 18, 2008
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𒃻 𒌓ð’‰𒋫 𒆷ð’€𒅅𒆷
𒆠𒂖 𒌉 𒌫 ð’®𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑
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Blouin and her husband purchased their modest detached home in Scarborough, Ont., 12 years ago for $238,000. In early April, they listed it for sale at $629,000, after hearing about the scorching-hot market that has boosted Toronto home prices by nearly 30 per cent annually.
"When it was actually getting ready to be listed at the beginning of April, I couldn't even watch the news because the hype was crazy," said Blouin.
They received an offer for $850,000 the very same day the listing was posted on MLS, and soon sold the home for $875,000.
http://www.cbc.ca/news/business/toronto-real-estate-summit-1.4073857
loooool
My parents bought in 1988 for the same price in Vancouver, sold for around the same price in 2002. Now that house is worth $3 million and they live on the ground floor of a wood frame condo further out of town.
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Apr 19, 2017 08:39
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- DariusLikewise
- Oct 4, 2008
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You wore that on Halloween?
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Any of these bullet points would made for a hilarious thread title, Anthem properties is way ahead of the times.
lol
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Apr 19, 2017 14:53
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- EvilJoven
- Mar 18, 2005
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NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
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Fun Shoe
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Hey guys.
Guys.
I have an idea.
Leave Vancouver and leave the GTA.
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Apr 19, 2017 14:57
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- EvilJoven
- Mar 18, 2005
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NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
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Fun Shoe
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Step 1: if you have a house sell it.
Step 2: if you completed step 1 you're probably a millionaire congrats go live basically anywhere you want and never work again.
Step 3: if you did not complete step 1 find a job and even if it pays less than what it did in Vancouver / Toronto you'll still have a better QOL and lower COL and come out ahead.
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Apr 19, 2017 15:00
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- namaste friends
- Sep 18, 2004
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by Smythe
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I've got a realtor.com search for 3br 2ba houses in lower tuxedo.
I threaten to move my family there at least once a month.
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Apr 19, 2017 15:06
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- EvilJoven
- Mar 18, 2005
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NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
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Fun Shoe
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If you own a condo you can totally sell and buy basically any house in even the nicest parts of Tuxedo and the fancier part of River Heights and still have enough left over to put your kids through private school.
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Apr 19, 2017 15:20
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- Adbot
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ADBOT LOVES YOU
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Jun 13, 2024 00:29
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- cowofwar
- Jul 30, 2002
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by Athanatos
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So what are the credentials of these *property developers* making GBS threads out powerpoint market analyses in brief?
I'm going to guess a three hour seminar on how to be a realtor held on a saturday.
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Apr 19, 2017 16:00
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Apr 18, 2017 17:05
I'd rather ride out the housing over valuation and keep complaining tyvm
