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Every time I read about "getting into the market" is makes my blood boil. They're pushing these as ways for people to "get into the market" as in start building equity so they can get a place that isn't lovely. Idiots will go and buy these thinking it's just something they have to endure under they can move up to the next rung on the property ladder. I mean once you start up that ladder the only direction to go is up, the only thing stopping everyone owning a big ol' house is that it's just too hard to "get into the market". They should build a 50 story tower that's just full of thousands of 4x4' closets that people can technically own so they can "get into the market". gently caress realtors, gently caress condo marketing.
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Jan 27, 2015 00:39
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For $100,000 I could buy a bitchin' 40 foot yacht, and park it in a swanky marina in False Creek for what the condo and misc. fees would be on that rats nest in surrey. I wonder which is more likely to impress the ladies. 
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Jan 27, 2015 00:41
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Cultural Imperial posted:https://twitter.com/pwaldieGLOBE/status/559798377043726336?s=09 liquidity trap here we come
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Jan 27, 2015 00:42
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I'm going to start selling "starter" mutual funds and ETFs as a way for people to "get into" the market and build equity before moving on to their grown-up funds. They will be small, worthless, volatile funds but hey they're cheap!
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Jan 27, 2015 01:09
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Remember best time to buy something like real estate or stock, is when the price is going up up up!
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Jan 27, 2015 01:12
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Baronjutter posted:I'd love a consumer market where marketing is illegal and every single product is objectively reviewed/rated/quantified by some sort of god-ai and said stats/ratings are the only things that can appear on packaging and listings. Without being able to fall back on meaningless bullshit buzzwords or pseudoscience so many products would absolute not exist. Hell it would make real-estate a lot better too. I have less stringent demands. I just wish that every real estate ad whether sale or rental had to list the total living area at least, and preferably an accurate floor plan with decent pictures of each room. This would take very little effort for landlords and be a huge bonus for rental searches. I wouldnt have had to waste time seeing some dank Waterloo basement apartment where the landlord forgot to mention that the ceilings go as low as 6' (is that even legal??).
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Jan 27, 2015 01:23
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Saltin posted:In a thread where pretty much everyone agrees that renting is better than owning, it's pretty funny to see people laughing at hot water tank rentals. Who the gently caress wants to own a hot water tank. You need to own them forever in order for it to be better than renting. Leasing cars is the better analogy here.
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Jan 27, 2015 01:51
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Sassafras fucked around with this message at 18:04 on Jan 28, 2015 |
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Jan 27, 2015 01:53
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eXXon posted:I have less stringent demands. I just wish that every real estate ad whether sale or rental had to list the total living area at least, and preferably an accurate floor plan with decent pictures of each room. This would take very little effort for landlords and be a huge bonus for rental searches. I wouldnt have had to waste time seeing some dank Waterloo basement apartment where the landlord forgot to mention that the ceilings go as low as 6' (is that even legal??). Back when I was an idiot and condo shopping I was driven absolutely crazy how realtors would never put the floor plans on their listing. It would be some pictures, but nothing that actually showed the layout or size of things. Every single time I'd email them and they'd say they have plans that they could print out and bring to me when we meet when would a good time be to meet this is a very hot property so we should meet soon. Or some would outright say "I don't give out floor plans until people have seen the property, people sometimes get the wrong impression off floor plans and they can be confusing" or "in my experience people don't know how to read or visualize off floor plans so I don't include them in the listing" Baronjutter fucked around with this message at 01:58 on Jan 27, 2015 |
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Jan 27, 2015 01:56
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Saltin posted:In a thread where pretty much everyone agrees that renting is better than owning, it's pretty funny to see people laughing at hot water tank rentals. Who the gently caress wants to own a hot water tank. You need to own them forever in order for it to be better than renting. This isn't quite right, IMO. It's a truism that if you have the capital, it's generally better to own vs rent. It's only an exception in housing right now because the ownership option has been undergoing a speculative mania for a while. There's no analogue with vehicle or hot water tank rentals - no one's speculating in either of those.
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Jan 27, 2015 02:06
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Let's start a goon project to massively profit from the bubble bursting.
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Jan 27, 2015 02:21
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unlimited shrimp posted:Let's start a goon project to massively profit from the bubble bursting. Just short some canadian REITs.
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Jan 27, 2015 02:22
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Let's start a goon project to inflate a hot water tank bubble. We'll all get rich!
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Jan 27, 2015 02:25
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etalian posted:Just short some canadian REITs. Don't do this unless you find the REIT that invested heavily in Vancouver single family homes. Most of them are rental apartments, industrial and commercial which likely will be on different cycle.
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Jan 27, 2015 04:10
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ocrumsprug posted:Don't do this unless you find the REIT that invested heavily in Vancouver single family homes. Most of them are rental apartments, industrial and commercial which likely will be on different cycle. You could target home building companies that are overexposed to the Alberta side of the bubble.
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Jan 27, 2015 04:17
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triplexpac posted:Since I've gotten married I've been having nightmares of us having to move out to the suburbs to buy a house, and having to drive into the city every day. I would legitimately kill myself before moving to the burbs.
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Jan 27, 2015 04:33
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Grand Theft Autobot posted:I would legitimately kill myself before moving to the burbs. lol http://www.680news.com/2014/04/29/toronto-facing-longest-commute-times-in-ontario-report/
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Jan 27, 2015 04:42
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Rime posted:For $100,000 I could buy a bitchin' 40 foot yacht, and park it in a swanky marina in False Creek for what the condo and misc. fees would be on that rats nest in surrey. Doesn't BC still control who can live on the water pretty harshly? Otherwise its a great idea. *edit* It seems you can buy a 3 bedroom float house in Vancouver itself for like 400k, everyone in BC is stupid sbaldrick fucked around with this message at 04:54 on Jan 27, 2015 |
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Jan 27, 2015 04:51
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Wouldn't be easier to just build houses out of real estate and banker skeletons in the aftermath?
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Jan 27, 2015 04:53
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etalian posted:lol 
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Jan 27, 2015 04:54
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etalian posted:Wouldn't be easier to just build houses out of real estate and banker skeletons in the aftermath? Then you'll just have a bubble on real-estate and banker bone houses since its not like they'll ever build more of them so the price can only go up, up, up.
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Jan 27, 2015 05:03
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sbaldrick posted:Doesn't BC still control who can live on the water pretty harshly? Otherwise its a great idea. If you are asian just break in and live in some rich chinese guy's empty downtown condo.
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Jan 27, 2015 05:17
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unlimited shrimp posted:Let's start a goon project to massively profit from the bubble bursting. Can I just call all hedge funds "goon projects" from now on?
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Jan 27, 2015 05:26
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THC posted:I've seen time lapse videos of a Toronto car commute and like, god drat how do these people go on living? Also, if the energy rates do go up, then the middleman company just declares bankruptcy, screwing the seniors even more.
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Jan 27, 2015 05:29
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http://www.vancouversun.com/busines...l#ixzz3PzEOWVoAquote:
ERRYBODY WANNA BE ERE
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Jan 27, 2015 05:37
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It owns how cheaper credit basically provides even more incentive for people to live beyond their means by buying a too high priced house. it's basically a horrible feedback loop also ftw: 
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Jan 27, 2015 06:02
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etalian posted:also ftw: To be fair, you could replace "Vancouver" with almost any other Canadian city right now and still get the same result. 
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Jan 27, 2015 06:10
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“Vancouver is going to do well, everyone wants to be here,” declared David Negrin, president of Aquilini Development.
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Jan 27, 2015 06:23
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lol http://www.bloomberg.com/news/2015-01-26/ubs-says-asia-s-rich-show-less-love-for-aussie-australia-credit.html quote:Asia’s wealthy are falling out of love with the Aussie dollar as record-low yields and sustained declines persuade them to look elsewhere, according to UBS Group AG. (UBSG)
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Jan 27, 2015 06:34
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Cultural Imperial posted:lol A$ depreciation can only mean Australian House prices to the moon!
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Jan 27, 2015 10:29
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etalian posted:lol 60 minutes, each way, on average. I can't imagine how that could be preferable to the sweet release of death.
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Jan 27, 2015 12:28
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Grand Theft Autobot posted:60 minutes, each way, on average. I can't imagine how that could be preferable to the sweet release of death. I'm curious if that's a function of distance or traffic. That being said it seems like there's a balance between size of city and length of commute.
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Jan 27, 2015 13:49
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ocrumsprug posted:Don't do this unless you find the REIT that invested heavily in Vancouver single family homes. Most of them are rental apartments, industrial and commercial which likely will be on different cycle. The vast majority of REITs are equity REITs, which own the assets. Of the small handful of Mortgage type REIT's, I am unsure any of them actually hold individual private mortgages. It would be interesting if there was such a thing, so if anyone can find one, please post it.
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Jan 27, 2015 14:15
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etalian posted:You could target home building companies that are overexposed to the Alberta side of the bubble. Still pretty risky as timing would be difficult. I thought some of the smaller mortgage providers would have been short targets already, but luckily I didn't place that bet as I would have had some pretty significant losses. I instead chose to "short" Canada and moved all my investments to USD denominated US and international markets. Even if the US market wasn't doing well, I would be pretty happy with just the gains on the exchange rate.
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Jan 27, 2015 15:50
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computer parts posted:I'm curious if that's a function of distance or traffic. That being said it seems like there's a balance between size of city and length of commute. Yeah put me down as "kill self" if I ever had to move to the burbs to commute longer than 15-30 min. My poor wife has an hour+ commute though. I always joke we should just buy a house in Langford so she's closer to work and she doesn't drive. I could enjoy a 60 min 10km commute every day! I could start bitching endlessly that the government needs to expand all the highways because traffic is so bad, but also be violently opposed to any sort of urban containment boundaries or ALR's and call transit "wasteful social engineering". Man I could start a blog about how we could solve the "housing problem" by just "Letting developers build what the market wants". \/\/\/ CI, I am all ready all over that blog. Baronjutter fucked around with this message at 16:55 on Jan 27, 2015 |
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Jan 27, 2015 16:08
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Or you could just read strong towns blog http://www.strongtowns.org/journal/ namaste friends fucked around with this message at 16:19 on Jan 27, 2015 |
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Jan 27, 2015 16:09
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http://www.theglobeandmail.com/report-on-business/rbc-is-first-to-cut-mortgage-rates-as-bond-yields-plunge/article22639128/quote:
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Jan 27, 2015 16:21
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computer parts posted:I'm curious if that's a function of distance or traffic. That being said it seems like there's a balance between size of city and length of commute. In Toronto, it's because we get hosed constantly by the rest of the province (and country). Though much of Toronto's provincial tax goes out to build extra schools in Sudbury or where the gently caress ever, they'll be in the cold, cold ground before they allow their tax dollars to fund an upgrade to our literally crumbling infrastructure. Also, we have had an almost comical parade of idiot mayors who refuse to go hat in hand to the provincial parliament and beg for some money for the Ontario's economic engine. The Don Valley Parkway, which brings people in from the east/northeast has been regularly overcapacity for the last decade and since it's an elevated roadway through a valley, really the only way to fix it is to tear it all out and start over somehow. The Gardiner Expressway and Queen Elizabeth Way, which bring people in from the west isn't much better. But it's just a problem that's big and expensive and steps on NIMBY toes, so no city administration wants to touch it as the situation gets progressively worse. That's just the roads commuters can use, not even Torontonians want to see their taxes raised to support something like public transit (which is nearly non-existent in the suburbs anyway) Industry has tried to move out of Toronto and have their bases in the suburbs, but Millennials famously don't have or want because commuting in Toronto is a nightmare. Amazon had previously moved their HQ to Mississauga, but are now moving back into the core to attract younger people. Something's gotta give at some point, maybe when it does we'll have someone actually competent in city hall.
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Jan 27, 2015 17:01
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Cultural Imperial posted:Or you could just read strong towns blog That paradox of gentrification blog post is so good. The blog is so good. peter banana posted:The Don Valley Parkway, which brings people in from the east/northeast has been regularly overcapacity for the last decade and since it's an elevated roadway through a valley, really the only way to fix it is to tear it all out and start over somehow. The Gardiner Expressway and Queen Elizabeth Way, which bring people in from the west isn't much better. But it's just a problem that's big and expensive and steps on NIMBY toes, so no city administration wants to touch it as the situation gets progressively worse. That's just the roads commuters can use, not even Torontonians want to see their taxes raised to support something like public transit (which is nearly non-existent in the suburbs anyway) It`s kind of stunning how many times the relief east-west line has been proposed, planned, but no politician wants to be responsible with pulling the trigger on a project that will be expensive, disruptive, but ultimately take a huge load off of existing subway infrastructure. I mean someone may come up and tell me what the correct solution to Toronto`s transportation problem, and that`s great, but it`s just been decades of no one doing anything. I know that some proposed solutions could make things worse so it`s best that they haven`t gone ahead, but still. Dreylad fucked around with this message at 17:06 on Jan 27, 2015 |
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Jan 27, 2015 17:01
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quote:Though much of Toronto's provincial tax goes out to build extra schools in Sudbury or where the gently caress ever, they'll be in the cold, cold ground before they allow A "gently caress Toronto" platform wins elections.
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Jan 27, 2015 17:24
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