Canada Housing/Debt: Trust me, I'm a landlord.

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

vyelkin: Jan 2, 2011

DariusLikewise posted:

Won't this just get shot down immediately or is there a loophole to exploit?

There's a lot of pressure on CMHC to acquiesce considering the BC government has already okayed it and Trudeau seems to be just as excited to fuel the housing bubble as everybody else.

# ? Jan 14, 2016 17:38

Adbot: ADBOT LOVES YOU

# ? May 27, 2024 09:01

Femtosecond: Aug 2, 2003

Cultural Imperial posted:

http://www.theprovince.com/touch/story.html?id=11650272&utm_source=dlvr.it&utm_medium=twitter

You know that Molson brewery that is zoned for industrial? Some mainlanders are going to build luxury condos there.

This story is just baffling. I was expecting that this was a scheme to fleece ignorant rich people from China, but Sun Commercial seems like they've done actual real estate deals in the past.

I don't think I've ever read any industrial land commentary from a current Vancouver politician that wasn't explicitly and strongly in favour of protecting industrial land.

# ? Jan 14, 2016 17:42

Franks Happy Place: Mar 15, 2011; It is by weed alone I set my mind in motion. It is by the dank of Sapho that thoughts acquire speed, the lips acquire stains, stains become a warning. It is by weed alone I set my mind in motion.

More importantly, the percentage of land designated industrial (or commercial or residential etc) in a given Lower Mainland municipality is fixed by the Metro Vancouver Regional Growth Strategy, which is a binding development plan Vancouver is a party to.

Unless they can find a giant lot somewhere else to rezone as industrial they can't, I don't see how this is going to work.

# ? Jan 14, 2016 17:58

Femtosecond: Aug 2, 2003

Franks Happy Place posted:

More importantly, the percentage of land designated industrial (or commercial or residential etc) in a given Lower Mainland municipality is fixed by the Metro Vancouver Regional Growth Strategy, which is a binding development plan Vancouver is a party to.

Unless they can find a giant lot somewhere else to rezone as industrial they can't, I don't see how this is going to work.

I was going to mention something like this as well, but my knowledge on the issue is pretty weak and I came up with little when I looked for details. This article mentions a two thirds vote of Metro Vancouver (municipalities?) to change the industrial land use. This article explicitly mentions Mount Pleasant and the Flats, but not the Molson lands. Not sure if that's because that area is not protected or because the Vancouver Sun author had a word count they needed to hit.

# ? Jan 14, 2016 18:07

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

lol Ryan Holmes http://business.financialpost.com/e...__lsa=987e-bb1b

(that one's for CI)

# ? Jan 14, 2016 19:17

namaste friends: Sep 18, 2004; by Smythe

Ryan Holmes deserves an order of Canada for being the most thought leaderest of Canadian thought leaders

# ? Jan 14, 2016 19:24

McGavin: Sep 18, 2012

Hootsuite: Made from industrial cardboard!

# ? Jan 14, 2016 19:27

Kafka Esq.: Jan 1, 2005; "If you ever even think about calling me anything but 'The Crab' I will go so fucking crab on your ass you won't even see what crab'd your crab" -The Crab(TM)

Load bearing cardboard housing industry :groverhaus:

# ? Jan 14, 2016 19:38

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

Cultural Imperial posted:

Ryan Holmes deserves an order of Canada for being the most thought leaderest of Canadian thought leaders

You can't say the guy doesn't have a special affinity for constructing houses of cards

# ? Jan 14, 2016 19:40

Hubbert: Mar 25, 2007; At a time of universal deceit, telling the truth is a revolutionary act.

Franks Happy Place posted:

More importantly, the percentage of land designated industrial (or commercial or residential etc) in a given Lower Mainland municipality is fixed by the Metro Vancouver Regional Growth Strategy, which is a binding development plan Vancouver is a party to.

Not as binding as you'd think, as noted in one firm's summary of Greater Vancouver Regional District v. Township of Langley:

Greater Vancouver Regional District v. Township of Langley and Wall GVRD v. Langley (Township) and Hendricks: Regional Growth Strategies � Just Wishful Thinking? posted:

The Court also found that the GVRD had exaggerated the legal impact of the regional context statement and found that the regional context statement did not create enforceable duties but rather �guidelines for long term planning�. The Court accepted the position that the regional context statement within the OCP created a visionary set of policies that could not be interpreted with the same rigour as legislation.

This is more explicitly outlined in the judgement itself:

Greater Vancouver Regional District v. Township of Langley, 2014 BCSC 414 posted:

[58] Secondly, the GVRD has exaggerated the legal impact of the regional context statement, OCP and Strategic Plan. The language of the planning documents reflects that they are only guidelines expressing policy. They are not written in the specific and directive style of legislation, regulations or bylaws. For instance, with regard to the Green Zone, the Strategic Plan commits the district to �enter into partnerships� with all levels of government to �seek through partnerships� the �identification� of land that can be added to the Green Zone, and the �development of new tools� to protect the Green Zone such as creating parks or trusts. In the same vein, the regional context �identifies� issues that overlap between the OCP and RGS and identifies ways to harmonize the two over time. These are not enforceable duties but guidelines for long term planning. As noted by the Court of Appeal, the documents are a �visionary� set of policies that cannot be interpreted in the same manner as legislation.

edit: let's avoid the consistency debate please, the online LGA is down

# ? Jan 14, 2016 19:42

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

The Gunslinger posted:

Hah if only. Most people don't even include the interest they're paying when assessing these things, let alone pesky things like maintenance and property taxes. I have clients who are up to their loving necks in debt and think they're safe because EQUITY! despite not even understanding how to properly calculate it.

The sheer amount of boomers I see counting on their homes to bail them out in retirement is staggering. Most have little to no savings left and are leveraged to the hilt with their property back stopping the entire house of cards.

What kills me is the attitude many of them have. I was asking a client last week about what his plans were for retirement, trying to see what he wanted to do with fat auto pension and so on. (I work in tax related stuff) His response: "I dont want to leave the kids anything, they should have to work for it" which is code for lets plan on me burning all of money long before I'm dead. Already has boats, trailers, etc. I had to put real effort into keeping myself from laughing. Guy without a high school education that made 6 figures due to his union nearly bankrupting his company, inherited significant money because his parents generation actually invested and lived within their means talking about his kids being entitled. I wish I could say that sort of guy is the minority but our practice is a decent cross section of this area and sadly its almost becoming the norm.

Cheap debt and zero introspection are what's driving this bubble. I don't want the entire economy to explode because it affects responsible people as well but god drat if a lot of fuckers don't deserve some sort of reckoning for this. That's without getting into what the government is doing in Ontario, poo poo is literally insane and people are just happily supporting it.

It's hard because everyone thinks Trudeau is already weak on the economy so he will never do anything to expedite the bubble bursting, like raising interest rates. This has already gone on long enough to gently caress over a good chunk of responsible people, the longer it goes on, the more responsible people will be hosed.

Furnaceface posted:

The internet has killed a lot of that business, and its all outsourced as well anyway.

Also global food prices are declining. Except in Canada where a head of cauliflower is currently at $7 because

JFC, people. IT'S OUT OF SEASON. YOU LIVE IN CANADA. YOU CAN'T GET SOME VEGETABLES ALL YEAR ROUND. I'M SORRY PLANTS NEED UV LIGHT TO GROW BUT THAT'S HOW IT WORKS.

# ? Jan 14, 2016 19:54

namaste friends: Sep 18, 2004; by Smythe

Peter banana, if I were zombie HitlerStalin and I could complete isolate Canada from all food imports, what vegetables would we be eating without causing mass starvation?

# ? Jan 14, 2016 20:02

Coylter: Aug 3, 2009

peter banana posted:

JFC, people. IT'S OUT OF SEASON. YOU LIVE IN CANADA. YOU CAN'T GET SOME VEGETABLES ALL YEAR ROUND. I'M SORRY PLANTS NEED UV LIGHT TO GROW BUT THAT'S HOW IT WORKS.

Yea its in time like this you realize how spoiled the current generations are. I mean people used to survive winters on like 2-3 different food items.

# ? Jan 14, 2016 20:04

Postess with the Mostest: Apr 4, 2007; Arabian nights
'neath Arabian moons
A fool off his guard
could fall and fall hard
out there on the dunes

peter banana posted:

It's hard because everyone thinks Trudeau is already weak on the economy so he will never do anything to expedite the bubble bursting, like raising interest rates. This has already gone on long enough to gently caress over a good chunk of responsible people, the longer it goes on, the more responsible people will be hosed.

JFC, people. IT'S OUT OF SEASON. YOU LIVE IN CANADA. YOU CAN'T GET SOME VEGETABLES ALL YEAR ROUND. I'M SORRY PLANTS NEED UV LIGHT TO GROW BUT THAT'S HOW IT WORKS.

Trudeau isn't weak on the economy, look at this: http://www.theglobeandmail.com/news/politics/ottawa-weighs-skipping-budget-hearings-as-stimulus-pressure-grows/article28140276/

Looks like the guy is pretty well ready to sacrifice any illusion of transparency he's built up in order to get stimulus out the door asap. He's strong on the economy, like, Putin strong.

quote:

Liberals are signalling that the urgency of stimulating the economy could pre-empt the parliamentary tradition of pre-budget hearings.

�I am not sure whether the finance committee will be struck in time to get insight from Canadians. We clearly hope that�s the case, but since I can�t predict with certainty when that will happen, I can�t tell you that I have a clear answer,� he said when asked whether the hearings will occur. Mr. Morneau is conducting his own pre-budget consultations this week, and Finance Canada is accepting suggestions online. Liberal MPs have been asked to hold unofficial consultations with local officials in their ridings.

A senior Liberal MP who is likely to be elected chair of the finance committee confirmed the hearings might not happen.

Cultural Imperial posted:

Peter banana, if I were zombie HitlerStalin and I could complete isolate Canada from all food imports, what vegetables would we be eating without causing mass starvation?

Turnips bro. Those things grow in the worst soil, last forever and they're pretty tasty. Parsnips, potatoes and don't forget pulses like lentils, technically a vegetable.

# ? Jan 14, 2016 20:09

Baronjutter: Dec 31, 2007; "Tiny Trains"

We've been doing a lot of russian cooking. Slavs know how to get through winter on cheap crops and borscht is amazing.
It's ok to seasonally adjust your diet.

# ? Jan 14, 2016 20:13

Dreylad: Jun 19, 2001

Foodland Ontario has recipes based on what's in season so that's always a place to look.

We grew sweet potatoes for the first time ever using a new kind that's designed for cooler climates. They were pretty thin compared to what you can find in the grocery store, but there's always new crops being bred for different climates.

# ? Jan 14, 2016 20:16

Risky Bisquick: Jan 18, 2008; PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.; Buglord

Baronjutter posted:

We've been doing a lot of russian cooking. Slavs know how to get through winter on cheap crops and borscht is amazing.
It's ok to seasonally adjust your diet.

You'd be surprised to know some slavs have turned away from mother potato given they have eaten decades of potatoes daily, sometimes twice a day.

# ? Jan 14, 2016 20:21

Deep Dish Fuckfest: Sep 6, 2006; Advanced
Computer Touching; Toilet Rascal

Twice a day, of course, was a luxury only possible during good times.

# ? Jan 14, 2016 20:33

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

Ikantski posted:

Trudeau isn't weak on the economy, look at this: http://www.theglobeandmail.com/news/politics/ottawa-weighs-skipping-budget-hearings-as-stimulus-pressure-grows/article28140276/

Looks like the guy is pretty well ready to sacrifice any illusion of transparency he's built up in order to get stimulus out the door asap. He's strong on the economy, like, Putin strong.

Turnips bro. Those things grow in the worst soil, last forever and they're pretty tasty. Parsnips, potatoes and don't forget pulses like lentils, technically a vegetable.

I don't necessarily think he's weak on the economy. I said "people think" he is. He's the first world leader I've seen in my adult life who doesn't believe that a country's budget should be balanced "like a family's" and has the balls to deficit spend in a recession with low interest rates. I just know I heard it from campaign ads for 2 months last year from Cons and NDP, as did the average Canadian voter (notoriously dumb). Like, the G&M endorse the goddamn Cons for being "strong on the economy." That was basically the whole non-Liberal campaign

Coylter posted:

Yea its in time like this you realize how spoiled the current generations are. I mean people used to survive winters on like 2-3 different food items.

Unironically this.

Cultural Imperial posted:

Peter banana, if I were zombie HitlerStalin and I could complete isolate Canada from all food imports, what vegetables would we be eating without causing mass starvation?

Any kind you want if you grow enough on your 1/4 acre. What kind of rentailure doesn't have a root cellar? Surely you have one in your cottage/ski chalet, at least?

peter banana fucked around with this message at 21:08 on Jan 14, 2016

# ? Jan 14, 2016 20:54

namaste friends: Sep 18, 2004; by Smythe

Wow I can't wait someone tells the yogaites of Vancouver that they're not allowed to buy anything but tubers from while foods for 6 months of the year

# ? Jan 14, 2016 21:01

cowofwar: Jul 30, 2002; by Athanatos

Just buy cheap bags of no-name frozen veg in the winter and make soup, shepherd's pie or other stews with cheap meat. Don't go buying $7 peppers like a chump.

# ? Jan 14, 2016 21:04

Postess with the Mostest: Apr 4, 2007; Arabian nights
'neath Arabian moons
A fool off his guard
could fall and fall hard
out there on the dunes

peter banana posted:

He's the first world leader I've seen in my adult life who doesn't believe that a country's budget should be balanced "like a family's" and has the balls to deficit spend in a recession with low interest rates. I just know I heard it from campaign ads from 2 months last year from Cons and NDP, as did the average Canadian voter (notoriously dumb). Like, the G&M endorse the goddamn Cons for being "strong on the economy." That was basically the whole non-Liberal campaign

If deficit spending during a recession with low interest rates is correlated with ball size, Harper would have needed a forklift following him around everywhere.

# ? Jan 14, 2016 21:07

unlimited shrimp: Aug 30, 2008

Coylter posted:

Yea its in time like this you realize how spoiled the current generations are. I mean people used to survive winters on like 2-3 different food items.

I did some work with Toronto Seed Library and I'm also an amateur-ish gardener, so I'm generally unsympathetic to complaints about not being able to eat out of season vegetables.
However, it's a useful barometer for the state of the economy and it's fair to ask why quality of life is declining (even in terms of frivolities like out-of-season foods).

# ? Jan 14, 2016 21:12

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

Ikantski posted:

If deficit spending during a recession with low interest rates is correlated with ball size, Harper would have needed a forklift following him around everywhere.

Sorry, I'll amend that to, "Trudeau has the balls to admit he's deficit spending in a recession."

# ? Jan 14, 2016 21:15

vyelkin: Jan 2, 2011

Ikantski posted:

If deficit spending during a recession with low interest rates is correlated with ball size, Harper would have needed a forklift following him around everywhere.

I liked the bit where he had to be forced into it by the opposition threatening to depose him.

# ? Jan 14, 2016 21:19

leftist heap: Feb 28, 2013; Fun Shoe

Lexicon posted:

lol Ryan Holmes http://business.financialpost.com/e...__lsa=987e-bb1b

(that one's for CI)

This definitely isn't getting enough attention for being hilarious.

# ? Jan 14, 2016 21:25

Newfie: Oct 8, 2013; 10 years of oil boom and 20 billion dollars cash, all I got was a case of beer, a pack of smokes, and 14% unemployment.
Thanks, Danny.

House assessed at 827k in an out of the way part of St. John's and isn't even connected to city water and sewer. Good ol bubble.

http://cbc.ca/1.3402704

# ? Jan 14, 2016 21:25

peter banana: Sep 2, 2008; Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

cowofwar posted:

Just buy cheap bags of no-name frozen veg in the winter and make soup, shepherd's pie or other stews with cheap meat. Don't go buying $7 peppers like a chump.

There's literally nothing stopping people from buying (or heaven forfend, growing) cauliflower when it's in season and freezing it themselves. Literally nothing but their own stupidity. Sorry, I've just seen this "$7 cauliflower" poo poo about 5 times this week on my Facebook and it's loosening my grip on sanity. I guess everyone I know apparently subsists on brassicae.

# ? Jan 14, 2016 21:27

Postess with the Mostest: Apr 4, 2007; Arabian nights
'neath Arabian moons
A fool off his guard
could fall and fall hard
out there on the dunes

Wait so the Liberals attacked Harper on the deficits that they forced him to run?

# ? Jan 14, 2016 21:27

Coylter: Aug 3, 2009

Newfie posted:

House assessed at 827k in an out of the way part of St. John's and isn't even connected to city water and sewer. Good ol bubble.

http://cbc.ca/1.3402704

drat that guy is really getting shafted. He basically pioneered there and is now getting "soft" evicted by the city.

# ? Jan 14, 2016 21:29

vyelkin: Jan 2, 2011

Ikantski posted:

Wait so the Liberals attacked Harper on the deficits that they forced him to run?

Yeah that's like politics 101 these days man. You attack your opponent for literally everything even if it's a policy that a) you would have run if you were in their position; b) a policy you personally campaigned on in the past or will personally campaign on in the future; or c) a policy that you made them implement. It doesn't matter. Just attack attack attack, nobody gives a poo poo about fact-checking anyway.

# ? Jan 14, 2016 21:30

tagesschau: Sep 1, 2006; D&D: HASBARA SQUAD
THE SPEECH SUPPRESSOR

Remember: it's "antisemitic" to protest genocide as long as the targets are brown.

peter banana posted:

There's literally nothing stopping people from buying (or heaven forfend, growing) cauliflower when it's in season and freezing it themselves. Literally nothing but their own stupidity. Sorry, I've just seen this "$7 cauliflower" poo poo about 5 times this week on my Facebook and it's loosening my grip on sanity. I guess everyone I know apparently subsists on brassicae.

Gripe completely invalid unless you can me know where I can fit a chest freezer (or, heaven forfend, a garden) in my apartment.

# ? Jan 14, 2016 21:38

Furnaceface: Oct 21, 2004

peter banana posted:

There's literally nothing stopping people from buying (or heaven forfend, growing) cauliflower when it's in season and freezing it themselves. Literally nothing but their own stupidity. Sorry, I've just seen this "$7 cauliflower" poo poo about 5 times this week on my Facebook and it's loosening my grip on sanity. I guess everyone I know apparently subsists on brassicae.

I grow my own but not everyone has that luxury. Even frozen veggie prices are rising and its a big deal when cost of living is already near a breaking point in this flimsy economy.

And thats not even touching on the whole "Eat Healthy" push from our own government to reduce the strain on the healthcare system due to obesity related illnesses.

# ? Jan 14, 2016 21:40

Postess with the Mostest: Apr 4, 2007; Arabian nights
'neath Arabian moons
A fool off his guard
could fall and fall hard
out there on the dunes

tagesschau posted:

Gripe completely invalid unless you can me know where I can fit a chest freezer (or, heaven forfend, a garden) in my apartment.

You gotta lock in that cauliflower equity man, everyone knows you can't build equity from an apartment.

# ? Jan 14, 2016 21:42

Dreylad: Jun 19, 2001

peter banana posted:

There's literally nothing stopping people from buying (or heaven forfend, growing) cauliflower when it's in season and freezing it themselves. Literally nothing but their own stupidity. Sorry, I've just seen this "$7 cauliflower" poo poo about 5 times this week on my Facebook and it's loosening my grip on sanity. I guess everyone I know apparently subsists on brassicae.

Cauliflower is (or was) one of the new superfoods or whatever stupid food trend is happening right now so people are mad they can't get their super vitamins

# ? Jan 14, 2016 21:52

vyelkin: Jan 2, 2011

I get cauliflower for like $3 here in the US, y'all are getting shafted no matter what the season.

# ? Jan 14, 2016 21:54

Arivia: Mar 17, 2011

vyelkin posted:

I get cauliflower for like $3 here in the US, y'all are getting shafted no matter what the season.

Welcome to Canada.

# ? Jan 14, 2016 21:56

Furnaceface: Oct 21, 2004

Dreylad posted:

Cauliflower is (or was) one of the new superfoods or whatever stupid food trend is happening right now so people are mad they can't get their super vitamins

Grabbing a random vegetable as my example was the biggest loving mistake and I should have been way more vague or generic because I understand zero parts of this post.

Dr. Oz makes my job a living hell.

# ? Jan 14, 2016 21:56

namaste friends: Sep 18, 2004; by Smythe

And this is why I refuse to support local stores or eat local.

# ? Jan 14, 2016 22:13

Adbot: ADBOT LOVES YOU

# ? May 27, 2024 09:01

The Butcher: Apr 20, 2005; Well, at least we tried.; Nap Ghost

Cultural Imperial posted:

http://www.theprovince.com/touch/story.html?id=11650272&utm_source=dlvr.it&utm_medium=twitter

You know that Molson brewery that is zoned for industrial? Some mainlanders are going to build luxury condos there.

Smells a bit like fraud to me. Some scheme to bilk investors overseas for a project that can't be built? Who loving knows. Can't say I give a gently caress if rich mainlanders are fleecing rich mainlanders.

I'd be very surprised to see the city rezone from industrial. Would probably be the death warrant for Vision. Majorly bad symbolism/optics, and doesn't make sense economically.

# ? Jan 14, 2016 22:19

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

«‹›1518 »