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incontinence 100 posted:The matriarch of a family I know peripherally recently passed away. The matriarch has many children and when it came time to execute (dispatch whatever) the will, there was acrimony. It turns out one of her many sons is deeply in debt from a mortgage and a large HELOC. 
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Oct 23, 2019 05:28
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Yes, it's like a lava lamp.
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If it did exist nobody would use it, because with our volatile land prices nobody would be able to agree on what the price would be 3-5 years in the future.
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Jan 17, 2020 19:59
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Also the two of them are paying $1,300/mo for food (and cleaning supplies for some reason)?
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Jun 8, 2020 05:56
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sleep with the vicious posted:Something has to give eventually It'll be the government
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Jul 2, 2020 05:48
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RBC posted:i think were supposed to feel sorry for the guy who inherited a valuable property or something yeah this is what it is. Literal propaganda to make you sympathize with the absentee land owner; this could easily happen to you (if only your grandfather was a wealthy gentleman of some kind)!
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Aug 30, 2020 06:27
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A house styled building?
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Sep 1, 2020 23:00
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Maybe they're over in the Canadian investing thread?
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Oct 24, 2020 00:34
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loving hell, what were you considering buying?
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Nov 1, 2020 18:58
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The other day some CBC radio programme had a story about a couple who had bought $20k worth of some college sports players cards, and then sold them for millions of dollars ten years later. My conclusion is that sports fans are loving insane and that couple was correct to grift them out of that money.
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Nov 16, 2020 05:43
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Juul-Whip posted:Oh no! Why yes, when I was in the office I was doing work 100% of the time, no doubt about it.
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Nov 18, 2020 21:24
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My mortgage broker just called to remind me about renewal in a couple months. Since I bought five years ago value is up a tiny bit, and interest rates are down. Everything went better than expected I guess.
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Nov 19, 2020 01:40
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Bid Pmax - 50k on everything and hope you get lucky. Do not pay the absolute maximum you can afford on anything unless you are 100% certain you will not lose any income in the near future. e: VVV fair, bid Pmax - 25k. Remember that it is a starting point after all, they will ask you to come up. PittTheElder fucked around with this message at 00:21 on Nov 27, 2020 |
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Nov 26, 2020 23:16
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Kraftwerk posted:I don’t see why government debt is such a big deal? It isn't. But as you say, most people (quite reasonably) don't have the expertise to know whether it is or isn't, and when the only source of news you hear about it is the right wing papers writing about Canadian Tax Payers Federation and Fraser Institute papers, it's easy to get the wrong idea.
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Nov 27, 2020 17:42
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Kraftwerk posted:Well maybe we make money so complicated because it’s basically fake and a method of control for sustaining social order. I’m not a gold standard guy but modern economies are too big to be backed up by a limited resource. We had to use fiat currency because there isn’t enough gold in the world to capture all the value of the Canadian economy. This is a big driver (especially pre-Industrialization), as having the economy continue to grow while the money supply cannot because you haven't discovered a new silver mine lately is very bad, but it's not the whole story. Fiat money as we use it today largely emerged out of the big 20th century wars, where having a government that can just print new money is extremely useful, whether you're fighting a cataclysmic war or digging your way out of a Great Depression, or just keeping a thumb on the market at the macro scale. That last point in particular is exactly why a lot of the gold standard and bitcoin crew hate fiat money; it has nothing to do with the lack of backing, and everything to do with philosophical ideas about what the government should do. Groups like the Austrian school want to take control of monetary policy away from governments because it is too useful. Fried Watermelon posted:Most people just use the idea that all finances have to be treated like household finances. Which means you should never spend more than what you are bringing in. And then there's this. Household finances is the kind most people are familiar with, and there's not enough voices in the media willing to point out that governments are fundamentally different from households, and as such the rules are completely different. PittTheElder fucked around with this message at 18:14 on Nov 27, 2020 |
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Nov 27, 2020 18:11
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Eh that still doesn't really change the argument about variable being better always. Though the cash back thing would.
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Nov 29, 2020 02:39
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T.C. posted:Have variable rate mortgages existed as a real option through a time of sustained interest rate increase? If not, the premise behind variable rate having always been historically better is pretty faulty. The point of variable rate is that the banks are almost certainly more aware of what's going to happen with future interest rates than you are. And you don't get to fix at the current rate, you fix at what the lender offers; at a time when interest rates are expected to rise the fixed rates will be much higher to cover that risk of prime rate bumps.
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Nov 29, 2020 22:00
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Do you think I moved to a small town so I could experience small town living? gently caress no give me a rushed together cookie cutter house and a 30 minute commute to anywhere.
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Dec 29, 2020 03:00
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And if the mountain falls down on the town, a new wave of locals can get jobs digging it out again, thus creating the self sustaining economy.
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Dec 29, 2020 18:11
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It's not like it's impossible to do, I live in a wood framed Condo building and I rarely ever hear my neighbors.
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Jan 14, 2021 17:10
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Honestly as I shop for a new house now, it's wild how lovely some of these
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Apr 16, 2024 00:18
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