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Kikkoman posted:Kind of a historical question: back in the eighties when people had 20%+ interest rates, were amortization schedules planned over 25-30 years? I tried googling the evolution of amortization lengths and came up short. Maybe I wasn't searching with the right words. I'm told my parents bought their first place in '82, on like a <5 year amortization. The down payment was on the order of 50%, purchase price about $80,000. The same property last sold in 2014 for $600,000. Structure of the house looks the same, though there is now a separate garage that I don't think existed at the time. I'm actually curious to pull the full title and verify all of this, but not about to spend 
PittTheElder fucked around with this message at 18:45 on May 31, 2017 |
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May 31, 2017 18:31
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Yes, it's like a lava lamp.
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Postess with the Mostest posted:With hydro rates the way they are? You're better off investing in a YETI cooler The quest for the best price is strong with eastern europeans.
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May 31, 2017 18:32
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When the CFB at Chatham closed, they gave everyone working there the option of going to whatever base they wanted, essentially. My parents chose the base at Comox, and we moved there in 1992, when I was three and my brother was one. They bought the place there for around $80k, and I THINK they sold it for around $85-90k in 1998 when we moved to Mission. http://homesincomoxvalley.com/mylistings.html/details-34038568 It sold in 2014 for $255,000. I don't know how much prices there have appreciated since then, but that's in loving Courtenay
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May 31, 2017 19:38
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The military helps pay for housing if you have to sell at a loss, this should be funded by taking a chunk of the profits if you sell at a huge gain.
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May 31, 2017 19:41
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Baronjutter posted:The military helps pay for housing if you have to sell at a loss, this should be funded by taking a chunk of the profits if you sell at a huge gain. Do you believe in removing employment benefits for everybody or just for the people who put their LIFE ON THE LINE for your freedom?
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May 31, 2017 19:42
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Baronjutter posted:The military helps pay for housing if you have to sell at a loss, this should be funded by taking a chunk of the profits if you sell at a huge gain. They actually bought all the houses that belonged to the people who worked at the base for (I believe, I'd have to ask my mom to be sure) what they paid for them, since it was such a huge chunk of the population they were like "ehhh no one is going to be able to sell these at all".
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May 31, 2017 19:43
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HookShot posted:When the CFB at Chatham closed, they gave everyone working there the option of going to whatever base they wanted, essentially. My parents chose the base at Comox, and we moved there in 1992, when I was three and my brother was one. Courteney has gotten really, really bad the last couple of years. I've mentioned the wierdness of a vast number of timeshare condos before, but prices are also approaching lower mainland crazy and rents are as bad as Vancouver now. And we both know how little economy that town has aside from the base...
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May 31, 2017 19:45
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Rime posted:Courteney has gotten really, really bad the last couple of years. I've mentioned the wierdness of a vast number of timeshare condos before, but prices are also approaching lower mainland crazy and rents are as bad as Vancouver now. It always was pretty bad, though? Oh, you meant in terms of housing prices... 
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May 31, 2017 19:46
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Postess with the Mostest posted:Do you believe in removing employment benefits for everybody or just for the people who put their LIFE ON THE LINE for your freedom? To be fair, a LAV3 rolled the other day. RIP that commander. Spousal benefits will probably take 2 years to start. ed: I take that back, it's probably going through PHOENIX so like 5 years
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May 31, 2017 20:26
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cowofwar posted:Remember the empty warehouses (not) full of copper? https://twitter.com/joewong6042/status/870007546391613442 lol
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May 31, 2017 21:22
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Ever wanted to live in a 2.5 million stucco bungalow? Learn the one weird trick banks want you to know! its forgery
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May 31, 2017 21:35
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Baronjutter posted:The military helps pay for housing if you have to sell at a loss There's a bit of moral hazard to be sure, but I don't think it's anywhere near what you'd expect. It's the treasury board that makes determinations for claims past 10-15k or so, and they're reject almost all of the applications they receive. I've talked to a few people who just have the attitude of 'well I lost 20k on my last house but I made 30 on the one before that so I guess it works out in the end'. A lot of the benefits push people towards home ownership (buying down interest, some brokerage/legal fees covered) but even some of that is being cut back (no more reimbursement of mortgage breaking penalties, more difficult to go on IR). Between that, the fact that a lot of people tend to remain in the first term of a mortgage due to constant moves (ie, when more of a payment goes toward interest), and thinking that "sell price - buy price = profit", housing is a losing proposition for most but isn't seen as such.
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May 31, 2017 22:01
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quote:Similar arguments have been put forward to explain Toronto’s house prices. An article in the Globe and Mail sums it up: “Mortgage rates are low. Ontario’s economy is superheated … and, to make matters worse, land is in short supply,” according to the piece. “Politicians and tenants’ groups have declared a housing affordability crisis—again—and have called for a tax on speculators’ profits to cool down the frenzy.” The article continues, “Dark words are muttered about how foreign money is to blame.” Other reasons are cited, too: Toronto is becoming a “world class” city and “acts like a magnet for thousands of migrants from elsewhere in Canada and overseas.” Instead of stocks, “owning a house is now the investment of choice for most of the middle class.” The unlucky masses priced out of the city are looking as far afield as Barrie, Ont. for a home. http://www.macleans.ca/economy/why-every-housing-bubble-looks-like-the-new-normal/
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May 31, 2017 23:08
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"I have a warehouse full of copper, but it's in China" is like the financial fraud version of "I have a girlfriend, but she lives in Canada."
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May 31, 2017 23:25
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The Butcher posted:"I have a warehouse full of copper, but it's in China" is like the financial fraud version of "I have a girlfriend, but she lives in Canada." "My uncle works at the Fed."
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Jun 1, 2017 00:57
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Risky Bisquick posted:To be fair, a LAV3 rolled the other day. RIP that commander. Spousal benefits will probably take 2 years to start. Military isn't on Phoenix. Best non-decision they ever made.
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Jun 1, 2017 01:07
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My friend commands a LAV3 or what ever, I was worried it was him but he's not a gently caress up so seemed low.
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Jun 1, 2017 01:31
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Guest2553 posted:There's a bit of moral hazard to be sure, but I don't think it's anywhere near what you'd expect. It's the treasury board that makes determinations for claims past 10-15k or so, and they're reject almost all of the applications they receive. I've talked to a few people who just have the attitude of 'well I lost 20k on my last house but I made 30 on the one before that so I guess it works out in the end'. A lot of the benefits push people towards home ownership (buying down interest, some brokerage/legal fees covered) but even some of that is being cut back (no more reimbursement of mortgage breaking penalties, more difficult to go on IR). Between that, the fact that a lot of people tend to remain in the first term of a mortgage due to constant moves (ie, when more of a payment goes toward interest), and thinking that "sell price - buy price = profit", housing is a losing proposition for most but isn't seen as such. Source? I need to share this with some of my military friends who are seriously looking at houses with the military as a fall back plan to protect against losses.
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Jun 1, 2017 04:12
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 The stunning amenities afforded to you for only $750,000 + $400+/month in strata fees! Suck it down, rentailures. 
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Jun 1, 2017 04:38
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is that like for your dog to cool down when it's hot? lol no diving
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Jun 1, 2017 04:43
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This services an entire 3 tower, 400+ unit complex btw. I think my job is grinding out whatever hope I had left in life. 
Rime fucked around with this message at 04:53 on Jun 1, 2017 |
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Jun 1, 2017 04:47
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Rime posted:This services an entire 3 tower, 400+ unit complex btw. We were looking at a place in Calgary and one of the amenities advertised was a car wash. Brochures had one of those pressure wash bays with a full enclosure and everything. When built it was a garden hose near a stall in the garage that the condo board ended up saying no one could use because the drain was far away and the chemicals would ruin the concrete. They put a lock on the tap. Condos are poo poo.
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Jun 1, 2017 04:56
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quaint bucket posted:Source? I need to share this with some of my military friends who are seriously looking at houses with the military as a fall back plan to protect against losses. Mobile posting/holding a babby so I can't go too much into detail, but if you google Maj Marcus Brauer or MWO Neil Dodsworth, you can find some information on the topic as it relates to their stories (ie, treasury board compensation differs from military compensation, and they don't like to pay out). Mortgage breaking penalties used to be a benefit provided by Brookfield (the relocation contractor used by the government) but stopped being covered a few years ago. It made a very minor ripple in the news at the time, but this is the first source I found for it. Looks like there were some other benefits cut as well, and others were considered taxable. The current list of things covered can probably be found on brookfield's website. One of the pots of money is used for a bunch of misc expenses (utility connection fees, hotels past a certain cost threshhold, etc) but whatever's not used can be cashed out - directly to an RRSP if the room exists, otherwise it's taxable income - OR used to buy down interest on a mortgage. Unless your friends love where they live, have 25 year contracts in critically manned trades and can drug deal their way staying put for a decade or two, taking the cash is probably better. e. for clarity Guest2553 fucked around with this message at 13:22 on Jun 1, 2017 |
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Jun 1, 2017 05:55
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Rime posted:The stunning amenities afforded to you for only $750,000 + $400+/month in strata fees! Lol thank you for the good on the ground/up in the concrete skycage updates Rime. It's good poo poo. Is there actually a much bigger pool just out of frame to the left and you are just pranking us with the kiddie pool? Also! Is this one of the newer buildings on the Evergreen extension in Coquitlam?
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Jun 1, 2017 06:44
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My favourite thing about that "pool" is how the deepest it goes is a shade over 3 feet deep. That's like waist deep for me as I'm short as gently caress even for a woman.
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Jun 1, 2017 06:53
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apatheticman posted:We were looking at a place in Calgary and one of the amenities advertised was a car wash.
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Jun 1, 2017 07:06
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Just due to my price point and preferences I've been doing rentals in early 80's wood frame 3-4 story apt buildings for the last 7 or so years in Van proper and they've all had a garden hose in the parking garage to wash your poo poo with. I hope whatever dingle writing up the condo promo materials thought to spin that as a "car wash" was rewarded handsomely with a pat on the back and a $10 Starbucks gift card from his supervisor for that breakthrough.
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Jun 1, 2017 07:19
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HookShot posted:My favourite thing about that "pool" is how the deepest it goes is a shade over 3 feet deep. That's like waist deep for me as I'm short as gently caress even for a woman. dude.. it's 3 inches not even enough to get rime's dick wet
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Jun 1, 2017 12:43
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The Butcher posted:Lol thank you for the good on the ground/up in the concrete skycage updates Rime. It's good poo poo. Nah, this is in Richmond. And, no, that's the totality of the pool. Hot tub is the small cube at the end.
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Jun 1, 2017 14:02
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The Butcher posted:Is there actually a much bigger pool just out of frame to the left and you are just pranking us with the kiddie pool? Yeah it's obviously just the kiddie pool next to the real pool you can see to the left, Rime is just having a laugh.
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Jun 1, 2017 14:58
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Square Peg posted:Yeah it's obviously just the kiddie pool next to the real pool you can see to the left, Rime is just having a laugh. I don't think so, you wouldn't have a steep concrete stair case with sharp corners like that going into a pool or a handrail that's drilled into the concrete at the bottom, they always swoop back like the one on the right. It's a 3" to 3.25 ft pool, seems fun for kids, w/e. e: actually, it seems terrible for kids, they could fall off the left side. I am a bad parent. Postess with the Mostest fucked around with this message at 15:06 on Jun 1, 2017 |
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Jun 1, 2017 15:03
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Square Peg posted:Yeah it's obviously just the kiddie pool next to the real pool you can see to the left, Rime is just having a laugh. Nah I'm pretty sure it's a glorified slip 'n slide.
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Jun 1, 2017 15:56
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triplexpac posted:Saw this one on Twitter earlier, it's fun times I forwarded this to my cousin who wanted to know how hosed this market was and she was like, "that lady both had some work done and was stupid enough not to actually have it done in Korea where the doctors have done 5x the surgeries and do it for half the price", notwithstanding the bad home decisions My cousin is Korean as gently caress as you can see
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Jun 1, 2017 16:46
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Square Peg posted:Yeah it's obviously just the kiddie pool next to the real pool you can see to the left, Rime is just having a laugh.  
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Jun 1, 2017 17:56
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I have never wanted to play Pilotwings more in my entire life.
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Jun 1, 2017 18:05
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I stand corrected. I couldn't believe in a pool so lovely, and you've opened my eyes.
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Jun 1, 2017 18:10
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I giggled and thought of this thread when I walked past this condo going up next door to me. PRIDE OF OWNERSHIP.
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Jun 1, 2017 18:31
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Why not just make it a water feature and have a nice patio area goddamn
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Jun 1, 2017 20:28
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I think the bigger question is why would you have an outdoor pool literally anywhere in Canada? Like wheee you can use it for six weeks of the year!!!
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Jun 1, 2017 21:25
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HookShot posted:I think the bigger question is why would you have an outdoor pool literally anywhere in Canada? Like wheee you can use it for six weeks of the year!!! You install it in your strata so the board members get the kickback from the pool company that signed a 5-10 year maintenance deal with.
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Jun 1, 2017 21:28
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