MikeCrotch posted:

You can make homes a much less attractive investment opportunity so that people stop speculating on them, notably;

- some kind of seizure or other law that means you have to sell or be repossessed if you have a property that's vacant too long

- increased tenants rights that mean no no-fault evictions, caps on rent increases, higher standards for apartments

- Increased taxes on rental income, capital gains and property tax (though the latter is often passed onto the renter)

- public owned housing with a cap on rent meaning there is a supply of cheap housing to compete with private rental

- actual rent controls

- limits on ownership of housing

- increased interest rates or difficulty in getting financing for landlords that make it a riskier/less profitable venture

Problem is at the minute is that real estate is both super profitable and low risk as long as you have the up front capital, though we are seeing the bottom of the commercial property market thanks to the pandemic and permanent WFH being a thing. Watch offices get transformed into the shittiest apartments known to man as a result though.

Justin Tyme posted:

Watched a vid on WV poverty and food stamps and got an ad for hellofresh lmbo, more like fresh hell

Justin Tyme posted:

Watched a vid on WV poverty and food stamps and got an ad for hellofresh lmbo, more like fresh hell

MikeCrotch posted:

You can make homes a much less attractive investment opportunity so that people stop speculating on them, notably;

- some kind of seizure or other law that means you have to sell or be repossessed if you have a property that's vacant too long

- increased tenants rights that mean no no-fault evictions, caps on rent increases, higher standards for apartments

- Increased taxes on rental income, capital gains and property tax (though the latter is often passed onto the renter)

- public owned housing with a cap on rent meaning there is a supply of cheap housing to compete with private rental

- actual rent controls

- limits on ownership of housing

- increased interest rates or difficulty in getting financing for landlords that make it a riskier/less profitable venture

Problem is at the minute is that real estate is both super profitable and low risk as long as you have the up front capital, though we are seeing the bottom of the commercial property market thanks to the pandemic and permanent WFH being a thing. Watch offices get transformed into the shittiest apartments known to man as a result though.

quote:

Back in B.C., the frenzy is so great that some people are resorting to buying without ever setting foot in their new homes. That's what happened to Ean Jackson and his wife Sibylle Tinsel. They recently sold their home in Vancouver and were looking to downsize somewhere farther afield.

The couple settled on the tiny community of Powell River, B.C., about 100 kilometres up the coast. They have friends in the area so it was always a long-term plan, but their home sale sped up their timeline.

There were few houses available when they started looking, and what was there was hard to see given pandemic restrictions. "We couldn't get up there in time to even see the place," Jackson said in an interview.

So they did what millions of Canadians did while shopping for consumer goods this year — they shopped online and hoped for the best.

Their realtor was able to give them a walkthrough of the interior and exterior via video, and they liked what they saw enough to put down an offer.

Though they are excited for this new chapter, it "all feels very awkward," Jackson said.

"It feels really strange. And we look at each other at dinner time just about every night and say, 'Did we do the right thing? … Did we get ripped off? Or is this going to work out?"

Cold on a Cob posted:

oops the link , though i clipped the only funny part anyway https://www.cbc.ca/news/business/housing-bubble-small-towns-1.5973134

quote:

Canada's housing market is indeed flush with cash at the moment, with the national average selling price hitting an all-time high of $678,091

Cold on a Cob posted:

further proof genx are just as idiotic as boomers

https://twitter.com/StephenPunwasi/status/1377605065754697728?s=20

inlining the images b/c gently caress having to click through

Cold on a Cob posted:

Paradoxish posted:

I love how the person who believes that you can save for a house by buying less coffee is the one that's supposed to be "good with money" here.

Shifty Pony posted:

rent/utilities: 50% of income
student loans: 10% of income
healthcare: 15% of income
food: 20% of income
Starbucks: 1% of income

"just drink less Starbucks!" - a loving moron

Shifty Pony posted:

rent/utilities: 50% of income
student loans: 10% of income
healthcare: 15% of income
food: 20% of income
Starbucks: 1% of income

"just drink less Starbucks!" - a loving moron

BeefThief posted:

I think I'm just gonna cancel my health insurance next year to save 15% on my expenses, then I can drink all the fuckin coffee I want

Shifty Pony posted:

rent/utilities: 50% of income
student loans: 10% of income
healthcare: 15% of income
food: 20% of income
Starbucks: 1% of income

"just drink less Starbucks!" - a loving moron

Accretionist posted:

One of these days, we should start a 'Poor-sonal Finance' thread.

Take me, I was 'New Poor.' Didn't know how it was done.

Pro-Tip: Restaurant Supply

^^Classy 'Old Poor' trick.

From my local:

• $20.09 for 25 lbs of oats. $0.09 per half cup.
  
• $3.99 for a #10 can of tomato sauce. 6 lb 10 oz. Under-seasoned for flexibility. $0.17 per half cup.
  
• $4.19 for 5 lb of shredded cabbage. Salad for lunch. Salad for dinner. Salad for entertainment. Salad for sport. $0.13 per cup.

Wish I was onto this back in the day. Back when my teeth hurt and the car... made so many noises.