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RBC posted:my landlord took out a 650,000 mortgage on our house at the peak of the market and now the house is worth 500k at best lol Do your part and stop paying rent and start squatting.
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# ? Jan 8, 2023 20:40 |
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# ? Jun 10, 2024 07:25 |
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she says she wants to move in here. im still paying rent until we find a house to buy in the next 4-5 months. i told her, good luck at the ltb lol.
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# ? Jan 8, 2023 21:17 |
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My boss got owner-use evicted and they're sure it was BS so they've been watching the local listings like a hawk to see if it's advertised for rent within this year. I also got into a stupid argument with a guy who's a lawyer and a landlord who says illegal evictions can't happen because the tenancy board will rule against the landlord. I was trying to explain most people don't have time to constantly search listings to see if their former landlord who evicted them for family use it re-listing it at $1000 more a month. Nothing can get through to people like that. They live in these professional upper middle class bubbles where everyone has the money and time to partake fully in the legal system. The rule of law will always prevail in the end, so any tenant that is screwed by a landlord only has their own laziness to blame for not seeing through the process.
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# ? Jan 8, 2023 21:53 |
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the brilliant thing is i occassionally deliver mail here, so like, i'll know if she actually moves in or not (not sure she understands this) I fully believe she will live here for a year then either duplex the house or put it up for sale. either way shes losing hundreds of thousands of dollars
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# ? Jan 8, 2023 22:22 |
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Developers are whining that it's impossible to build. quote:Delivering new Metro Vancouver rentals now ‘next to impossible’ (I feel like I don't understand wth Bouchard is getting at but ok sure?) These sort of complaints I've heard this before from another source... that there's apparently all this Fed money around but it's apparently contingent on having the permit, but it takes years to get a permit, and maybe you don't even get one so developers are like uhhhhhh maybe I won't? But yea if the private sector can't do it maybe the government could step in to create the badly needed housing? Oh no right that's not possible for reasons. I guess we'll just do nothing.
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# ? Jan 8, 2023 22:30 |
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Keep raising interest rates and bury some overleveraged investors. Wow where did all this housing come from.
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# ? Jan 9, 2023 00:20 |
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qhat posted:Keep raising interest rates and bury some overleveraged investors. Wow where did all this housing come from. Hey, that's my MLA you're talking about there!
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# ? Jan 9, 2023 00:39 |
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tagesschau posted:That doesn't follow. What a renter can pay is dependent on their income, not on what landlords want to charge or the purchase price of a condo. And if renters can't pay more, there's no amount of wishful thinking that will make that condo a cash-flow-positive investment. Tenements and multiple families crammed into apartments
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# ? Jan 9, 2023 04:20 |
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I found the opposite of the Toronto Life person the other day; one of our former instructors is a Toronto-based AC first officer, and he decided he'd rather commute from Calgary to Toronto four times a month rather than put up with living in Toronto, after trying that for 8 months or so. I also know a few Vancouver-based pilots who live here and commute. I don't think it's the sign of a healthy country that people would be willing to put up with that rather than living in our largest, ostensibly most vibrant cities.
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# ? Jan 9, 2023 05:31 |
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The last time I worked in Toronto I had to commute from Ottawa for 2 months before I found a place to rent
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# ? Jan 9, 2023 06:08 |
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PT6A posted:I don't think it's the sign of a healthy country that people would be willing to put up with that rather than living in our largest, ostensibly most vibrant cities. To be fair, the examples you mentioned sounds like extremely unusual and outliers. I don’t know anyone who would put up with that.
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# ? Jan 9, 2023 09:30 |
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So the BC provincial nomination program now gives you more points for PR if your job offer is somewhere in the interior. i.e somewhere where there are no serious jobs that a person would specifically immigrate to BC for. If you want people to move to these small towns with nothing going on, then you need to actually provide serious incentives for business to start up there. Nobody is moving to loving Hope, because Hope is dead and no amount of immigrant prodding is going to change that.
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# ? Jan 9, 2023 09:36 |
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qhat posted:Hope is dead and no amount of immigrant prodding is going to change that. You referring to the town, or just in general?
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# ? Jan 9, 2023 14:11 |
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McGavin posted:You referring to the town, or just in general? Yes
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# ? Jan 9, 2023 14:13 |
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qhat posted:So the BC provincial nomination program now gives you more points for PR if your job offer is somewhere in the interior. i.e somewhere where there are no serious jobs that a person would specifically immigrate to BC for. This is just echoes of that Japan thing we were talking about, basically paying people to move to nowheresville. I don't get it. You're giving a blood transfusion to an already dead body.
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# ? Jan 9, 2023 15:25 |
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Fidelitious posted:This is just echoes of that Japan thing we were talking about, basically paying people to move to nowheresville. I don't get it. If government actually wanted to build out these towns then they actually need to build them out. We’re talking massive subsidies for new business, massive investments in infrastructure like high speed internet, fast transit both local and to other cities, better schooling with higher education, and obviously affordable housing. There are places in the USA where this approach has seen some success (Chattanooga comes to mind), but it has required real expenditures on the part of government though. Eh nah let’s just leave it to the immigrants, I’m sure they’re happy about moving to buttfucknowhere to work a poo poo job for minimum wage with no help from the government, and this way we don’t have to see them walking down our wealthy Shaughnessy streets so it’s a win win for all.
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# ? Jan 9, 2023 17:09 |
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My dental hygienist complaining that she bought a new house further out, but it took her until just before Christmas to sell her current Aurora place for "only" $1.5M. So now she's stuck with a $300k mortgage to make up the difference since she bought the new place at the peak thinking her old place would sell immediately. Also complaining about property taxes going up every year! "Where are all the taxes going? I had to pay land transfer tax too. It's like I don't even own my house!" This is a conservative voter through and through. Also with her family income she could only get a $450k mortgage, and now owns a $2M property.
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# ? Jan 9, 2023 19:28 |
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that all seems fine and totally normal
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# ? Jan 9, 2023 19:44 |
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Fidelitious posted:This is just echoes of that Japan thing we were talking about, basically paying people to move to nowheresville. I don't get it.
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# ? Jan 9, 2023 21:07 |
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Seems very bad! https://twitter.com/dustbobgod/status/1612526417031626758?s=46&t=wW_E8R4TjRqQB7bay6esiw
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# ? Jan 10, 2023 04:26 |
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Funny I see almost 200 ish 1bdrm listings that are cat friendly. I think that guy is talking out of his rear end.
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# ? Jan 10, 2023 08:32 |
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qhat posted:Funny I see almost 200 ish 1bdrm listings that are cat friendly. I think that guy is talking out of his rear end. I think he's talking about just the $1,400/mo ones? Terrible graph
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# ? Jan 10, 2023 13:15 |
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That graph is an incredibly dumb way to present the data, sheesh. Why would you present it cumulatively instead of graphing how many listings are in each 100 dollar gap? Or do both at least. And yeah, I assume he meant competing for 25 listings if you want to pay a maximum of $1400. Thinking 1200 or 1300 (taking a guess here) for a 1-bedroom in 2019 was expensive is a bit out of touch though. Objectively yes, that's expensive, but I think that was actually a pretty decent deal for a 1-bedroom back then.
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# ? Jan 10, 2023 15:10 |
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https://toronto.ctvnews.ca/will-the-bank-of-canada-raise-mortgage-rates-again-in-2023-here-s-what-industry-experts-predict-1.6216395quote:"A recession is good news for mortgage rates. A recession would mean rates wouldn't go up, and further, and it would mean rates would have to drop to stimulate the economy," Laird said. Yeah rates don’t go up until people start defaulting and the banks straight up stop lending. Where do they find these clowns?
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# ? Jan 11, 2023 08:30 |
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qhat posted:https://toronto.ctvnews.ca/will-the-bank-of-canada-raise-mortgage-rates-again-in-2023-here-s-what-industry-experts-predict-1.6216395 For real, rates won't go up because in a recession tens of thousands of people lose their jobs and homes. But hey, good news for the slumlords, their interest rates will stabilize or go down. gently caress this guy forever.
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# ? Jan 11, 2023 14:52 |
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Fidelitious posted:For real, rates won't go up because in a recession tens of thousands of people lose their jobs and homes. If inflation is persistent, the central bank has to decide whether to prioritize cutting inflation or spurring credit, it can’t do both. The idea that rates will always fall during a recession is dangerous, and possibly irrelevant anyway because banks might not want to lend at any price.
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# ? Jan 11, 2023 17:44 |
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yikes https://twitter.com/d_demelis/status/1613159996522364929
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# ? Jan 12, 2023 03:08 |
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Since the Twitter preview sucks: I'm guessing the unlabelled cities are Victoria, Calgary, Regina, Winnipeg, Ottawa, Quebec and ?Fredericton/Saint John? Also lol at this reply: https://twitter.com/CristianEnache_/status/1613361031211896834 Don't worry, you can borrow enough that your payments are half of your gross income instead.
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# ? Jan 12, 2023 07:26 |
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Lol, he thinks telling people that debt that shouldrequire 240k of income will still be given to people with much lower income? Turns out debt service ratios was just the man keeping us down.
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# ? Jan 12, 2023 16:50 |
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Purgatory Glory posted:Turns out debt service ratios was just the man keeping us down. Anything that means number not go up is clearly a lie. All hail the infallibility of number. Seriously, though, since the average Toronto home is accessible only to the top 5% of earners (most of whom probably already own their home), a lot of homeowners here are about to discover that their hundred-year-old home on a 20' lot has too many digits in its asking price.
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# ? Jan 12, 2023 17:11 |
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new bc premier doing a housing thing, fulfilling one of his promises he made during the nonexistent leadership "race"quote:B.C. plans $500M fund to keep older rental buildings with non-profits, not developers Not a ton of money, but a good small thing that is easy to setup and get working right away.
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# ? Jan 12, 2023 22:26 |
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Femtosecond posted:new bc premier doing a housing thing, fulfilling one of his promises he made during the nonexistent leadership "race" Yep, definitely a good thing. Do we know which non-profits are set up to do this?
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# ? Jan 12, 2023 23:47 |
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Of course people would flood out of Toronto and into Durham. Toronto is terrible and Durham is fantastic. Everyone knows this. https://twitter.com/MikePMoffatt/status/1613993278055276544?s=20&t=C1tPlGA7eC-lflGzxxU5Zg
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# ? Jan 14, 2023 03:19 |
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Change percentage doesn't seem to work too well if your net changes from negative to positive or the opposite.
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# ? Jan 14, 2023 14:28 |
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If just 72 people had stayed in calgary, they'd be getting infinite growth right now
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# ? Jan 14, 2023 19:22 |
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Calgary is honestly pretty great, apart from being in Alberta. It should absolutely be a destination for migration, we’re constantly working on unfucking it instead of making it worse! Our LRT even works under a variety of climatic conditions. Take that, Ottawa!
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# ? Jan 16, 2023 08:53 |
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The problem with Calgary is the government, and is a big part of why some (a lot of?) people don't move there.
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# ? Jan 17, 2023 04:33 |
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qhat posted:The problem with Calgary is the government, and is a big part of why some (a lot of?) people don't move there. Do you mean the municipal government or the provincial government? We're trying to improve both, and we shall. I shall outlast Danielle Smith and her vile bullshit, come hell or high water, because this is my home and I will fight for it as long as I draw breath. I will not be discouraged. I live where the Elbow meets the Bow, I work where I can see the majesty of the Rocky Mountains every single day, and I will not permit the UCP to take this from me. This is my home, and I will fight for it.
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# ? Jan 17, 2023 05:26 |
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Why do so many Albertans want GOP style government? Is it fumes blowing in from Mordor?
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# ? Jan 17, 2023 11:35 |
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# ? Jun 10, 2024 07:25 |
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With sufficient migrants from the desolate wasteland that is Ontario Alberta might follow its hero Texas into having a competitive electoral environment instead of voting right 100% of the time outside of Calgary
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# ? Jan 17, 2023 16:10 |