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My friends keep buying but I think I am in a different demographic than most in this thread  Harper and company intend to lose knowing that poo poo will fall apart and they can get another nine years starting in 2020ish jet sanchEz fucked around with this message at 17:37 on Dec 5, 2014 |
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Dec 5, 2014 17:35
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Professor Shark posted:It's silly to think that they INTEND to lose, it's more like they have a back-up plan for when it does, and HOLY poo poo if people aren't going to be looking for a someone other than themselves to blame when poo poo hits the fan! Yeah, "intend" was a poor choice of words but I don't think any tory will be surprised if they lose and they will most definitely have a great time in the house blaming everyone else for the woes of the country. It will be a frustrating thing to witness, I am sure.
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Dec 5, 2014 23:13
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Cultural Imperial posted:Nope. See above post about housing starts, a leading indicator of the housing market. Housing starts for April will be real interesting, by then there will be no way for anyone to not notice how bad things have gotten. OPEC intends to destroy the American fracking industry, which will take a couple of years of low oil prices. The tarsands oil industry getting destroyed is just an added bonus to them.
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Dec 8, 2014 17:15
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Kraftwerk posted:
I have friends that are rich and a lot of them have bought houses in the last couple of years, most of them have spoken to me about the bubble and none of them care if they lose 20% as they have bought their houses because they needed a house. People who have been speculating on the market and buying up condos or houses to rent are the ones who will get burned.
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Dec 23, 2014 20:47
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I grew up in a monstrous home in Parkdale, just a few blocks from that big house across from High Park that you guys are talking about. We had 5 bedrooms, 4 bathrooms, 2 fireplaces, a large dining room, a huge living room, a loving kitchen pantry and it was a semi-detached house. The Victorian homes in Toronto's west end are gigantic.
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Dec 24, 2014 16:41
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Mississauga issued $1.1 billion worth of building permits in 2014 http://www.mississauga.ca/portal/ci...309305F36159BF2 The City of Mississauga issued building permits for more than $1.1 billion in construction in 2014. Total permits issued by City staff increased by more than 15 per cent to almost 3,800 in 2014 from about 3,300 in 2013, an average year. The City also issued an additional $400 million in conditional permits to help get construction underway.
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Jan 13, 2015 19:07
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Ceciltron posted:It can be done, but won't be easy. My dad had a similar strategy in the 90s. He paid off a 25 year mortgage in 7 years. The secretary at the bank called him "Mr. Lump Sum". My girlfriend paid off her condo in 6 years doing this as well, hard to achieve for many people as you have to live within your means.
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Jan 21, 2015 21:02
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PC LOAD LETTER posted:Paying off bubble prices requires more than living within your means though. Particularly if you're making the median national wage or less. In that situation you need to not only live as a ascetic but to also not have any financial disasters befall you for at least a decade or 2. She paid it off 4 years ago, it took her 6 years to pay it off. She bought in 2004.
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Jan 22, 2015 08:58
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PC LOAD LETTER posted:So pre bubble years for Canada. Good on her but that is still pretty tough for most people to do. Even with making large sacrifices in their standard of living due to the stagnating/declining wages over the last few decades. Yeah, it worked out well for her, there were a couple of years I tried to convince her that putting the lump sum into the markets would be a better idea but she is "risk adverse" so always put it into her condo. She makes good money and even maxed out her RRSPs nearly every year, I don't know how she did it sometimes.
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Jan 22, 2015 17:47
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My girlfriend's uncle sold his house in Vancouver this past weekend for ~$1.3M. He and his wife paid less than $200K for it back in the '80s. He was going to keep it for a few more years but he wanted to downsize now and do some travelling.
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Jan 26, 2015 17:11
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Cultural Imperial posted:Any boomer rear end in a top hat not doing this is a loving moron. That's tax free capital gains. Yup, he is 61 and intends to keep on working as long as the company will let him. He gets 2 months of vacation and each year travels all over the world, he was in Nepal last spring and is visiting eastern Europe this year. His kids are all grown up and left Vancouver years ago so he doesn't need a house anymore, he bought a condo by a metro station and will travel 15 minutes to his job. Best place in the world to live, etc.
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Jan 26, 2015 22:36
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My friend lived at number 48 and his mom blamed any and all problems on this unlucky number and, when she finally cut off her toes while mowing the grass (yes, she was wearing flip flops), they moved. They only bought the place because it was cheap and her husband didn't believe in superstitious bullshit.
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Feb 10, 2015 06:02
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"Investors were promised a 34 per cent annual return on an investment of $99,000 which was supposed....." Lol, how insane do you have to be to fall for this? I mean, there is dumb and then there is just plain insane.
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Feb 15, 2015 17:23
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I haven't owned a car in seven years, it is awesome.
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Feb 17, 2015 04:20
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I've been paying $600 a month for the last 9 years, my landlord likes me and just says that if I ever move out, he'll raise the rent then.
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Feb 26, 2015 09:13
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Baronjutter posted:What the gently caress no it wasn't. My parents took out a 100k mortgage and back then in the mid 80's that was like huge and insane and all their friends were worried they were going into such extreme house-debt. That was to buy a huge house in one of the most expensive parts of town too. Prices were not much different in Toronto back there. My parents bought a house for $180K in 1991, their mortgage was about three times their annual combined wages, it wasn't considered too risky back then. Or at least, it wasn't considered risky in their circles; they ended up paying it off in about 15 years or so.
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Mar 25, 2015 21:54
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The Prison thread had some discussion about Whole Foods; a lot of their stuff is cheap because they use the California prison system as a labour pool. Killer Mike song, etc...
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Mar 30, 2015 20:53
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If you own, you are basically renting from yourself.
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Apr 12, 2015 23:47
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HookShot posted:If she has it through the fact that her mother is French, your wife would have had to claim her French citizenship before she turned 18, I think. Either that or it's just WAY harder afterwards. I had to go to the consulate just before my 18th birthday to register with them in order to keep it since when I was a kid I was just on my mom's French passport. Yes, it is very hard after the age of 18. My sister's husband was born in Poland and they started the process for all six of her kids to get EU passports last summer. It was at my insistence that they got it done and it is just in time because my eldest nephew turns 18 in June. He picked up his passport just today, in fact.
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Apr 14, 2015 23:04
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So how many people have lost their job in Alberta since the crash began? 30 000? More?
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Apr 23, 2015 17:26
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My sister gets unsolicited offers on her house in Roncesvalles Village all the time, usually quite low. The person feels that because they casually know my sister she will give them a few hundred thousand dollars off of her house if she ever decides to sell it, people are really just dumb as hell sometimes.
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May 8, 2015 16:24
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Baronjutter posted:My grandpa is pretty old, in his mid 80's and live alone in a nice 2br bungalow in a very expensive neighbourhood on a hill with a fantastic view. He gets a lot of the same poo poo. People will just come to his door and offer him crazy low-ball prices thinking he's some stupid old man. It really pisses him off. Jesus, that is crazy. I hope you have his will and everything sorted out, these are the types of people who will get a lawyer once he dies and say that he promised them all sorts of poo poo. This happened when my father died, it was brutal, people have no shame. Luckily, my mother was the executor of his estate and told everyone who didn't have anything in writing to fyad.
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May 8, 2015 19:40
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Baronjutter posted:He's extremely secretive about his will and gets mad for weeks if you bring it up, like just wanting to make sure he's got it sorted out regardless of who gets what. He sadly trusts no one and has a lot of trust issues/paranoia around finances. He had a rough time during the war and a rough time as an immigrant (loving calgary of all places, no wonder he has such strong opinions on canadians) and wouldn't speak to any of us for a good 10+ years but he's mellowed out a bit now that he's older and realized being angry and alone at the end of your life isn't so fun. He really really likes my wife, because she isn't Canadian (canadians are all stupid uncultured scum barely above the lowest form of life: the american). Even though a lot of the reasons he had a very bad time during the war was at the hands of Russians, he still likes my wife better because at least she's not Canadian. My mom is ok but married a god drat canadian, I seem to be ok too because I like to visit europe and knew better than to marry a stupid canadian. Is he the one who said "Canada is a welfare state for losers"? Or was that someone else's grandpa?
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May 8, 2015 20:50
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Seat Safety Switch posted:Ignore them and buy an equivalent weight of Apple stock? My friend begged me to buy Apple in 2009. It was approaching $100 and I thought that it was too high already. Hahaha.
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May 15, 2015 15:29
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How many millionaires are in Toronto? Or any large city in the world? Forty five thousand millionaires moving into a city over 7 years seems crazy to me.
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May 22, 2015 01:46
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My father is a Kiwi so I have a NZ passport which also allows me to live and work in Australia, I hate both those countries though.
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Jun 17, 2015 07:49
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Off topic question----where is the best place to convert Canadian pesos into Euros in Toronto? My nephew is going to Poland for a month and I want to give him some money for his trip. I've already told him to stay there permanently because Canada is sure to implode while he is gone, maybe I'll even join him....
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Jul 9, 2015 17:57
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jm20 posted:You can buy things in Euros in Poland just fine, just make sure you know the rough exchange for Złoty and it'll be fine. I would personally live in Canada over Poland, but ymmv. Thanks guys, yes, he is two blocks away from the Polish credit union on Roncey, I honestly thought Poland used the Euro. Wow. The kid has an EU passport, he is seriously thinking of staying somewhere over there, teaching English for a couple of months.
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Jul 9, 2015 18:38
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Aren't some of the new condos at the base of the Don River in Toronto sinking? That's all reclaimed land that was Lake Ontario a hundred years ago. I was told that the Canadian Tire at Leslie and Lakeshore is sinking too, they've had to remove all their garage bay doors because the structure has shifted so much.
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Jul 14, 2015 21:01
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Wow, the dollar fell more than a whole cent today to 77.43. It's going to be at 72 cents by Christmas.
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Jul 15, 2015 21:42
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I suppose that after this week's stock market rout, people with money in China are panicking, property in Australia must be deemed a good investment.
jet sanchEz fucked around with this message at 17:37 on Aug 23, 2015 |
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Aug 23, 2015 17:30
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With China cratering, this is going to be an extremely bad week for Canada.
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Aug 24, 2015 07:35
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Yup, people are panicking. This will be a historic day. Also, holy gently caress, 5 trillion lost globally since August 11th?
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Aug 24, 2015 14:53
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I wonder how low the dollar will fall? Down to 73 cents by Friday?
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Aug 24, 2015 15:13
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1500quidporsche posted:Now is a great time to point out the great con that is defined contribution pension plans as everyone's is probably in the shitter right now. How's the TTC's pension plan?
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Aug 24, 2015 23:57
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resistentialism posted:Another look at this dumb house that sold, but the description made me smile: That house is a 3 minute walk to the beach, I would have bought it had I the money.
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Sep 2, 2015 16:53
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What does Malibu have to do with Toronto?
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Sep 3, 2015 16:15
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I'd like to live in California too but I live in Toronto. Sometimes this thread is like an echo chamber. I have well educated friends that have bought homes in the past couple of years and they feel that the market is likely to correct but, so what? The prices will go back up again eventually. I guess it helps that they've all bought houses that they can afford and they have bought these homes to live in and not as an investment.
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Sep 3, 2015 16:58
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I have a friend in Newport Beach and everything shuts at 7pm, there is very little to do once it gets dark, it is a beautiful place to live but boring. I'd retire there, maybe.
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Sep 3, 2015 17:16
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Cultural Imperial posted:This thread is so cute. I can't wait to see how many people act like it ain't a thang after they lose 30% of their ~equity. Then their job. Then their partners job. Then the repo man comes to take their ~premium luxury car away. I was just providing a differnece of opinion to the thread because, as I said, it is often like an echo chamber in here. My friends have money but they are not stupid, they haven't speculated on the future other than they know that their future will be in Toronto. Most of them seem to drive Subarus, if that matters.
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Sep 3, 2015 22:17
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