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HookShot posted:I wish we had an option to vote for "literally anyone other than Clark" where your vote automatically gets applied to whoever comes in second in your riding. We're full enough of hippies out here that I wouldn't even be surprised if the Greens end up doing better than the NDP. The Liberal candidate got 15% of the vote in my riding last election, yet everyone on Facebook is trying to explain that a Green vote is handing a win to the Liberals. Anyone have a map that clearly lays out which ridings are at risk without a strategic vote?
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Apr 21, 2017 19:04
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Strategic voting is stupid
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Apr 21, 2017 19:14
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Femtosecond posted:Rent control started to be exempted in Toronto because everyone stopped building rental buildings in the late 80s and it was thought that ending rent control would incentivize developers to create new purpose built rental. I've read a few short lines in articles about the recent Toronto changes to rent control suggesting that this policy didn't work at all, and significant amounts of new rental wasn't created since. Unfortunately I haven't found any data or deeper articles with more details about this issue though. If someone has one please post it. Earlier on the same page: Maneck posted:I have mixed feelings about the rental freeze. It has to happen when Landlords are doing things like doubling rent overnight because of what is presumably a bubble. On the other hand, landlords were actually building new rental units in the City: https://www.urbanation.ca/news/86-toronto-experiencing-rental-renaissance-new-report-shows It took a long bloody time, but in the 2010s large rental buildings with rental units were actually being built again.
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Apr 21, 2017 21:40
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yippee cahier posted:The Liberal candidate got 15% of the vote in my riding last election, yet everyone on Facebook is trying to explain that a Green vote is handing a win to the Liberals. Anyone have a map that clearly lays out which ridings are at risk without a strategic vote? if you're in Oak Bay-Gordon Head, Saanich North or Victoria-Beacon Hill, a vote for the Greens probably won't be wasted.
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Apr 21, 2017 21:58
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EvilJoven posted:Removing rent control is just another form of trickle down economics and trickle down economics is complete bullshit. Please elaborate more on this point. I'm genuinely interested to see how you link these two completely unrelated things.
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Apr 21, 2017 22:18
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Maneck posted:It took a long bloody time, but in the 2010s large rental buildings with rental units were actually being built again. Are you saying there's a causal link? Wouldn't it be more likely that something more proximate in time is the cause of the increased building?
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Apr 21, 2017 22:24
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blah_blah posted:Please elaborate more on this point. I'm genuinely interested to see how you link these two completely unrelated things. Benefit for rich landlords (lack of rent control) -> more housing being built for poor renters -> lower rent for poors (or at least more housing). Not saying it's right or wrong but that's how I read the post.
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Apr 21, 2017 23:46
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No one knows why exactly rental construction has come back a bit, but speaking for Toronto, pretty much all of municipal, provincial, and federal policy prefers condos whether you're the person building it or living in it. The changes in policy decades ago are why rental construction all but disappeared. Lately though, rental prices are crazy and vacancy is at a 7-year low so building rental apartments seems like a good idea for some investors out there. Apparently it's been pension funds that have become interested in the monthly cash flow.
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Apr 22, 2017 00:30
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I expect with all the lovely investment-property artisanal landlords out there these days, you could even charge a slight premium to be in a professionally managed rental building, where the landlord knows what the gently caress they're doing and probably won't just toss you out for shits and giggles.
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Apr 22, 2017 00:35
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Subjunctive posted:Are you saying there's a causal link? Wouldn't it be more likely that something more proximate in time is the cause of the increased building? There is a causal link between when prospective landlords build and when they think it will be a good investment for them. As for evidence if why they started building again in the 2010s, your guess is as good as mine. When the number of new rental buildings crashes in the next few years, though, it won't be hard to figure out why.
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Apr 22, 2017 00:41
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THC posted:if you're in Oak Bay-Gordon Head, Saanich North or Victoria-Beacon Hill, a vote for the Greens probably won't be wasted. It took me way longer than I'd like to admit to find my riding on this list because I completely forgot what the name of it provincially was  edit: and also it's basically the same as the federal name only shorter. I just wasted ages looking in "S".
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Apr 22, 2017 01:54
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Evis posted:Benefit for rich landlords (lack of rent control) -> more housing being built for poor renters -> lower rent for poors (or at least more housing). Not saying it's right or wrong but that's how I read the post. Ya, this.
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Apr 22, 2017 03:18
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http://vancitycondoguide.com/windfall-gains/ Congratulations hookshot
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Apr 22, 2017 04:11
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Apr 22, 2017 04:17
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namaste faggots posted:http://vancitycondoguide.com/windfall-gains/ My mom's rancher with a completely unfinished basement that hasn't been renovated since it was built in the 90s was assessed at $600k this year lol. edit: you can probably find my posts in this very thread about how it was valued at 400k like two years ago. HookShot fucked around with this message at 15:12 on Apr 22, 2017 |
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Apr 22, 2017 04:29
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"You're going to need a job to get one of them classy refrigerator boxes to live in."
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Apr 22, 2017 12:17
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Leave Vancouver.
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Apr 22, 2017 13:51
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classic mansplaining
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Apr 22, 2017 14:47
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Oh my loving god people are paying just under half a million dollars for houses in Shelburne http://www.cbc.ca/news/canada/i-m-shaking-my-head-hot-toronto-housing-market-driving-prices-up-in-small-town-ontario-1.4077117 Get out of Vancouver and get out of Southern Ontario. Both of those places are beyond hope, especially since we all know that the government is going to do everything it can to keep this game of musical chairs going forever.
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Apr 22, 2017 15:59
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I can't imagine what kind of loving human garbage can afford 500k mortgages
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Apr 22, 2017 16:02
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I've been to Shelburne on a booze run once when I was a teenager on some sort of hippy camp out thing back in the late 90s. Unless that town has grown significantly it's no bigger than my own home town that was barely big enough to host a single decent grocery store a corner store a Home Hardware and a liquor store. And people are spending half a million dollars to buy a house there.
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Apr 22, 2017 16:06
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https://twitter.com/YVRHousing/status/855806189900185600 now we know why ontario consented to a foreign buyer's tax
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Apr 22, 2017 16:36
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I love the idea of changing our definition of what a home is in order to keep the gravy train going, Baby Boomers are going to be the Last Good Generation, but only if we change or definition of "good"
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Apr 22, 2017 16:54
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namaste faggots posted:https://twitter.com/YVRHousing/status/855806189900185600 Remind me, what did they do last year? Other than whistling past the Toronto graveyard while BC burned, I mean. E: Oh, you didn't mean that Ontario did stuff last year.
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Apr 22, 2017 17:06
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https://twitter.com/stephenpunwasi/status/855885930367995904
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Apr 23, 2017 00:11
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Subjunctive posted:Remind me, what did they do last year? Other than whistling past the Toronto graveyard while BC burned, I mean. The foreign buyer tax was implemented and empty home tax was announced to start in 2017. Federal government did nothing, but they've never done anything if only Vancouver is affected.
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Apr 23, 2017 01:27
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Is anyone else as amazed as I am at the apparent inconsequentiality of the $1M CMHC threshold?
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Apr 23, 2017 01:28
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UnfortunateSexFart posted:The foreign buyer tax was implemented and empty home tax was announced to start in 2017. Federal government did nothing, but they've never done anything if only Vancouver is affected. CHMC changed its stress test rules too, which probably just drove more people to non-bank mortgages.
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Apr 23, 2017 02:21
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Apr 23, 2017 04:08
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EvilJoven posted:Leave Vancouver. Working out for me. Monthly disposable income at 4 figures after all fixed and regular expenses while owning a house? Don't think I could get that in Vancouver unless I work at Hootsuite.
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Apr 23, 2017 04:35
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Haha I know right. I mean sometimes the weather is a bit of a downer but it's still awesome, like this morning when I woke up early and wondered if I should go ride my new fancy bike or go rent an airplane for a bit and realized I couldn't do either so I just puttered around the house until my wife woke up. And it dawned on me that despite having a median household income I had enough money that the only thing keeping me off of expensive bikes and out of a loving airplane was the weather. If I lived in the GTA or Vancouver it'd be the cripplingly high cost of living and that doesn't literally blow over in the matter of a few hours to a few days.
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Apr 23, 2017 05:40
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Family (and to a lesser degree, friends) keep us in the GTA. We tried compromising by moving to Hamilton. My commutes to Toronto were awful, the local job market was poo poo (I was offered 30 to 40k less there per year than I make in Toronto), and we saw our friends and family a lot less being that far away.
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Apr 23, 2017 13:08
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Family and friends keep us looking back to the GTA but it's becoming more clear that this "temporary", resume-building job in northwestern Ontario isn't ever leading us back to Toronto. We're now looking to Alberta or BC since we're already past that geographical threshold where more physical distance between us and family isn't going to change things, and there's better places to raise a kid than where we are now.
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Apr 23, 2017 16:41
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quote:https://betterdwelling.com/city/toronto/foreign-buyers-domestic-greed-121000-toronto-homeowners-multiple-homes-city/ I'd love to know the equivalent Metro Vancouver numbers.
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Apr 23, 2017 16:53
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https://twitter.com/silver_watchdog/status/856168686247436288
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Apr 23, 2017 17:53
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Could you explain the chart a bit for the idiots among us?
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Apr 23, 2017 17:59
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We're hosed
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Apr 23, 2017 18:00
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Subjunctive posted:Could you explain the chart a bit for the idiots among us? I think it means that the cmhc will have problems selling it's mortgage backed securities which it buys off of banks. Which means that the cost of borrowing will go up for home buyers
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Apr 23, 2017 18:11
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It's a big deal since this is the cmhc we're talking about and I don't think anyone should consider them a high risk under normal circumstances.
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Apr 23, 2017 18:14
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Yeah, they seem like a risk sink rather than source. Could they stop buying mortgages or change the terms on which they do so?
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Apr 23, 2017 18:17
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