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I wonder how this bubble relates to the housing prices in St. John's, Newfoundland. We've seen a tremendous increase in housing prices; since 2004 the average price of a single detached home has roughly doubled (the average price is around 350,000 now). However St. John's is really doing well, as it's the port for all the offshore development we have and with 12 or more supply boats and more on the way there is a lot of money in town. Will this help alleviate impact of a bubble bursting, or are prices set to fall here as well. Keep in mind other than for work St. John's is a miserable place weather wise so it can't be the town itself attracting buyers.
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Feb 15, 2013 13:57
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There are stricter lending rules for your mortgage if it has to be backed by the bank rather than the taxpayer, so these people are probably getting higher mortgages than would be possible with a proper downpayment.
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Feb 16, 2013 16:02
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Sassafras posted:For all that people laugh at that site, I have friends who very successfully rent out places they furnished for ~1000 bucks on there for 600-800 per month above what would otherwise be market rent. If nobody used it, would it exist? A lot of times big oil will pay the tab for someone's living arrangements if they have to travel for work. I'm sure Calgary is chock full of oil company rentals that are empty most of the time. Even here in St. John's I know people personally renting out condos which while decent are not nearly worth the four grand a month they are pulling in. People are alot more frivolous with company money.
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Aug 14, 2013 10:41
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I'm not sure why but housing has really gone crazy all across Newfoundland. In the small town where I grew up there is probably 20,000 people nothing but space and land is gonna run you around 70-100 thousand for a postage stamp. In St. John's it gets even worse, all the new developments are running you roughly 350k and it's all sold and developed by the same contractors (probably part of the issue). I mean in the grand scheme of the country it's not that high but you are living in Newfoundland so you would figure prices would be a bit more sane.
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Aug 14, 2013 18:28
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Big K of Justice posted:Same thing is happening in parts in Newfoundland due to jobs expansion in oil and mining industries (mainly oil). Yeah you've got that right. The load of people working in Alberta and coming back with lots of money buying houses and putting in a basement apartment is keeping the price crazy high where I am in Newfoundland as well. This town has basically nothing in terms of employment besides a hospital and schools and a soon to be closed mill but houses are around the 300,000 mark for anything decent. I just keep hoping for the money supply to tighten up and at least if nothing else keep prices stagnant for a few years while I continue to save for a down payment, as it's pretty hard to stomach throwing out 300k to live in a "suburb" of a town of 20 thousand people.
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Dec 8, 2013 21:14
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Fuzzy Mammal posted:In the US you can also count capital depreciation of 1/27th the assessed value of the property against your income, plus mortgage interest, plus upkeep & expenses. It's nice. That sounds like the opposite of nice.
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Jan 15, 2014 23:52
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Heat here in the winter (Newfoundland) runs most people 3-400. One of the aspects of home ownership that no one thinks of is the extra cost to heat a huge space compared to a smaller apartment (or maybe if you are lucky you can get utilties included with rent).
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Feb 13, 2014 02:55
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Rent being too low is laughable. Who could afford the rent if it was on par with the price of purchase? Wasn't it just posted that the median household income in Vancouver is around 60k?
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Jun 29, 2014 17:46
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Just wait until their kids get old enough to need cellphones, that 210 won't cover TV, Internet, and Telecom anymore. I guess they are the conservatives target audience with their campaign for cheaper cellphones. What's going on with the two mortgages? Is that on the same house?
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Sep 27, 2014 02:22
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I used to assist a home inspector around here when I was younger (taking his notes on a palm pilot while he went around) and he had all kinds of sweet stuff like a sensor to test for moisture behind gyp rock and one of those infrared cameras to see cold spots and stuff. Seemed like pretty useful stuff, usually people used it to drop their offer though rather than be afraid to buy (a lot of the houses around here are old and lovely so I guess they thought why not).
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Nov 4, 2014 22:43
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tagesschau posted:The presence of immigrants doesn't magically create demand if they don't have money. What a superficial analysis. Thats why we should only let in the rich ones...
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Nov 19, 2014 21:12
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When you look at household debt levels I think it's a dangerous assumption to make that people are opting for these long term car payments so they can invest the cost of the car rather than because it's the only way to make their brand new car payment manageable with the mountain of other debt they are carrying. It's fine if you do it for the right reasons but don't ascribe that level of financial acumen to everyone.
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Nov 20, 2014 22:27
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Toll the roads and provide free alternate access with the earnings. The rich people can avoid travelling on a free bus or train with the teeming unwashed masses and the poor people save what they would have spent on gas and car insurance and stuff.
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Nov 24, 2014 16:31
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An Angry Bug posted:Or maybe both our countries could get their heads out of their asses and just fund infrastructure with taxes like they're supposed to. Tolls are a form of tax though. It helps makes car use unappealing for regions which have the capability to function differently which I'm all for. A tax across the board for gas use or insurance is going to hit rural areas where there is no public transit.
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Nov 24, 2014 16:50
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Terebus posted:Again I think this is an issue of accessibility. If I could take transit without extending my commute by 3 hours a day I would but since I don't have that option I have to drive. Why should I get double punished because TransLink can't provide a sensible service and I happen to live and work in the wrong locations. In this ideal world all this extra revenue from toll roads would go towards making transit a viable and cheap alternative to operating your own vehicle. If for whatever reason transit isn't possible in your area and toll roads are a crippling expense then I would suggest moving because it doesn't sound like a sustainable location anyway.
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Nov 25, 2014 00:58
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It keeps your hair from icing up when its blustery out.
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Jan 8, 2015 18:56
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Wow no need to dogpile it isn't as if it was a childrens hospital or something this was just a place for low life scum.
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Mar 9, 2015 20:43
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PT6A posted:lol if you need a line of credit for a $1200 purchase, I mean, drat. Your rear end can't afford a child if you don't have that much disposable cash on hand. You are a retard.
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Mar 16, 2015 04:01
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Jealous? As if.. You probably flew coach
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Mar 23, 2015 03:51
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Not sure it was because of the housing bubble!
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Mar 24, 2015 07:00
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I don't see how that's my problem. If people are such utter bell ends that they can't save for their taxes then throw them in debters prison. Why should their stupidity prevent me from utilizing my hard earned money all year?
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Mar 27, 2015 06:52
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blah_blah posted:Just tax bonuses at 25% like they do in the US, plus some additional province-dependent rate. Boom, loophole for the rich created.
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Mar 27, 2015 07:16
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blah_blah posted:Yes, that sure is a 'loophole'. Might as well eliminate the top two federal brackets because who would accept salary rather than bonus for four percent more?
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Mar 27, 2015 07:24
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Well when I do a mundane task I do it like this P.S EUROPE
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Jul 25, 2015 04:51
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A truck or whatever James Bond car you've got your "knickers" wet for are equally stupid if you can't afford it so who gives a gently caress which one means your cock is smaller.
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Jul 30, 2015 06:45
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Best to invest in precious metals and ammunition then..
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Aug 2, 2015 01:44
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P.d0t posted:In Calgary, I dated a chick who literally was living in her parents' basement and gave me interminable poo poo for not owning a car, when I co-owned a 2-BR 2-bath condo with my sister. Just me and sis sharing a mortgage
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Sep 10, 2015 00:05
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P.d0t posted:The post-script to this story, is that now my sister and her BF (who has like 2.7 jobs and makes more money than I do, at each of them) are now living in the same place, because they still can't afford a house. Why haven't they sold it and rented while waiting for price correction?
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Sep 10, 2015 03:32
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P.d0t posted:Sell? Prices are tanking in calgary, and rent is absurd; last summer I saw a studio renting for $1000/mo here. And I've seen those particular units. Like, they're not in the ghetto but they're old-ish and nothing special. Really sounds to me like buying a half a condo with her brother wasn't really something that worked out well for her.....
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Sep 10, 2015 05:46
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etalian posted:your average joe smo sucks at timing the market in everything from stocks to real estate. This dumb broad I was dating was living with her parents while I was buying in at the peak of the market on the halves with my sister.. What an idiot
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Sep 10, 2015 05:55
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Kraftwerk posted:You know what I did when I got a job at 23? I spent most of my money on a car and then consumed most of it on booze, nightclubs and fancy meals. Say what you will about the housing bubble, this loving broke the system with some help from his parents. Amazing! To think all you need is to commit fraud and get lucky that no unforseen repairs or expenses (or a lack of tenants) comes up and you too could pay the bank 5 or 6 years of interest on a 35 year mortgage.
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Sep 24, 2015 00:50
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just buy the individual packets for 25 cents if you really need that mayo
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Oct 13, 2015 15:30
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Definitely go gently caress it and shower anyway a bit of water damage never hurt anyone..
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Nov 13, 2015 01:20
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lol the socialist government of the province of alberta is too uncertain *continues to do business in the third world
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Dec 4, 2015 22:29
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PT6A posted:Uncertainty is a cost, but only one of many. Bribes are another cost, labour is another cost, and so on and so forth. Given that there is a lot of uncertainty in the third world, and a lot of bribery too, you've illustrated very well why producers might choose to continue producing in Alberta, even if other costs are higher. I'm just saying we should remove the "uncertainty" element entirely, even if it results in a royalty increase or additional regulations. It's better that we should charge businesses higher amounts of money, but be a good and trustworthy partner in all our dealings. Sadly, we must also deal with the legacy of the PCs provincially and the CPC federally which were none too spotless on that account... alberta oil is poo poo
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Dec 4, 2015 23:05
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At current prices no one is coming back regardless of how ~*~uncertain~*~ the NDP are making the oil companies feel. if prices go back up they will start investing regardless of the impending royalty review, it's a load of horse poo poo meant to drum up opposition to what they see as a threat to their profit margins.
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Dec 4, 2015 23:28
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The NDP raised royalty rates without so much as a review? Who's to say they won't raise them again.. too much uncertainty with the Notley regime to invest in this land locked sub par product..
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Dec 4, 2015 23:40
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As if domestic abuse is a product of a multitude of factors including poverty upbringing and mental health. Do you nerds think we can somehow identify the root causes and work to eliminate them to reduce abuse or something? The only solution is cold steel against the temple or the gentle caress of the hangman's noose.
flashman fucked around with this message at 23:15 on Dec 7, 2015 |
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Dec 7, 2015 23:12
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I would kill millions to stop domestic violence..
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Dec 7, 2015 23:17
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EvilJoven posted:I'm an unsophisticated hick and I was living in Toronto. Didn't mesh well. buy some Atvs on credit and suck it up, wage slave
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Feb 8, 2016 15:25
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