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edit: wrong thread...
Kafka Esq. fucked around with this message at 19:18 on Mar 15, 2013 |
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Mar 15, 2013 18:54
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| # ¿ May 8, 2024 03:18 |
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Ahem, so - when the bubble crashes, what happens? Housing starts and occupancy are roughly the same short of an oversupply of condos in the downtown core, so builders will make houses still. (I am actually more familiar with BILD, having worked with their chair for a while, and I don't see any reason to doubt they'll still keep building out the GTHA in the event of a condo crash.) There will be a short term market shock from the condo bubble bursting, and it might drag down prices a bit. However, we're not really afraid of any kind of runaway bullshit like the Americans are we? The economy won't take as much of a hit, people will still make mortgage payments, CHMC will remain solvent, they're not overleveraged with crazy mortgage derivatives.. Right?
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Jun 19, 2013 14:08
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Throatwarbler posted:Anyway you guys sure are angry about other people buying things they like because it raises prices and reduces supply for yourself.
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Jul 31, 2013 19:40
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Best place west of the Rockies?
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Aug 3, 2013 02:10
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Cultural Imperial posted:you're competing with a lot of white trash.
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Aug 6, 2013 00:14
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It's one of the scariest words in Canada now.
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Aug 13, 2013 20:14
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Read back in the thread for everything people told BaronJutter to do. He eventually convinced her.
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Aug 27, 2013 13:37
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On a Long Enough Timeline, All Profit Drops to Zero
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Sep 13, 2013 03:26
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http://www.ipolitics.ca/2013/10/10/throne-speech-2011-annotated/ Amazing how little got done. edit: hmm, wrong thread Kafka Esq. fucked around with this message at 02:36 on Oct 12, 2013 |
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Oct 11, 2013 23:11
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The state of the bubble is a bit of a mystery to me right now. Are there any blogs taking full stock of the whole picture? I can only find stuff on Vancouver and Toronto.
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Oct 17, 2013 05:59
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Neoliberals are all about privatisation and deregulation, which is exactly why you would see it in a housing thread. How is that hard to understand?
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Oct 18, 2013 18:25
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I personally cannot imagine remaining illiquid for 30 years, so I have a hard time weighing in.
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Oct 19, 2013 23:06
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Bedroom communities are all the same, just stay away from garbage dumps, sewage reprocessing and college residences and you can just ignore everyone forever.
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Oct 20, 2013 13:54
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So what's the systemic risk we've built into the system? I can't imagine a rise of even one or two points on the interest rate not bringing payments on certain mortgages down, but what is the real problem now? The government is intent on keeping rates low.
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Oct 23, 2013 15:07
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Dreylad posted:I was talking about this with someone today, and it's largely because people are too lazy to figure out how much they're actually being taxed, and partly because it's the mentality that taxes are something you always pay next year, with next year's paycheque (ignoring deductions). It's short sighted, but it's psychological: it's a lot easier to talk about your $60k/year job than the $30k you take home. It also tends to justify spending beyond your means. Knowing how much I will physically have in my bank account is reassuring.
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Oct 25, 2013 18:15
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Northern pay grades and taxation are ridiculous and could easily contribute to a McMurray-like inflation of prices. I don't know if it's on the same level as a Toronto-style pay-for-it-with-debt bubble.
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Dec 5, 2013 21:38
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So what's the best thing to do as a renter before, during, and after a bubble bursting?
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Dec 12, 2013 22:37
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In Ontario, you cannot use the security deposit for anything other than last month's rent. The landlord also cannot bill you for no-fault repairs - he can only apply for an above guideline rent increase. At fault repairs are a completely unknown variable, obviously.
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Dec 24, 2013 17:03
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Lexicon posted:People still use 'bourgeois'?
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Dec 25, 2013 15:41
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edit: whups!
Kafka Esq. fucked around with this message at 01:42 on Jan 9, 2014 |
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Jan 9, 2014 01:40
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I don't get it, is he just a moron? Or is there something funnier there?
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Jan 17, 2014 23:03
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The fact that NYC has three times as many high rises and is still building almost as many as Toronto is pretty crazy.
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Jan 21, 2014 19:38
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Whiteycar posted:I was waiting for a taxi in front of a hotel in Toronto. 2 cabs pull up at the same time both into the unloading section. One customer gets out says thanks, the other is taking a bit, I could see some wild hand gestures going on. The customer gets out and says something to the effect of "Call the loving cops then Im trying pay you!" He wouldn't take credit cards only cash. The other driver was from the same company and started chewing the non-credit driver out. I see my co-workers showing up so I stop paying attention for about 2 minutes. Turn my head back and there into a full of fist fight.
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Jan 26, 2014 21:59
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Lexicon posted:No one knows. A rule of thumb: buy when everyone tells you what a terrible mistake it is to own property.
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Jan 29, 2014 17:00
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edit: gently caress, wrong thread again!
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Jan 30, 2014 23:07
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Pro-tip: live in a building that is mostly retirees, they are the most fun to be neighbours with. Until they die next door and have no visitors. Then it's sad, and smells.
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Feb 7, 2014 22:09
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I'm not sure I've picked up on what the housing bubble popping would mean for future renters. Should I expect rent to go down and posh apartments to open up? Will it do nothing while people try to recoup their losses?
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Feb 10, 2014 22:50
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Somebody I know just bought a condo in downtown Toronto - University and Dundas - and is waiting on the keys to move in. Should I tell him to run?
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Feb 13, 2014 05:24
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Probably a refusal to insure new five percent down mortgages popping up as bond yields lower.
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Feb 26, 2014 22:44
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Twiin posted:My partner has had to move twice in the last year because her landlord took over the apartment. I'm lucky, I've only had to move once in the last two years for that reason.
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Mar 25, 2014 18:56
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Twiin posted:I guess we should stop living in third floor apartments and two-story townhomes also.
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Mar 25, 2014 21:18
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Being subject to a registry that denies you HOUSING, likely without a trial or any kind of hearing, is so hilariously likely to be abused by scummy and honest landlords, and swinging the power balance so wildly out to one side that it MUST be a Conservative policy plank somewhere.
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Apr 9, 2014 15:36
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Kalenn Istarion posted:was willing to spend when the economy was on the gutter to support construction and other infrastructure jobs. edit: vvv you shouldn't make jokes like that. Kafka Esq. fucked around with this message at 20:09 on Apr 11, 2014 |
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Apr 11, 2014 20:05
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jet sanchEz posted:Yeah, she wanted the house and, of course, the realtor came back to her with the 1.232M offer to beat but she said that paying $132K over asking is stupid.
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Apr 25, 2014 19:57
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How the hell do they get rid of the Aura after 20-30 years?
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Apr 27, 2014 17:52
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It's almost 300 meters tall.
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Apr 27, 2014 17:59
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A waiter is a perfectly respectable job.
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Apr 27, 2014 18:10
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Oh. That is pretty apt.
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Apr 27, 2014 18:13
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You've become slightly deranged over the course of this thread.
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Apr 29, 2014 03:37
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| # ¿ May 8, 2024 03:18 |
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VERTiG0 posted:Jesus gently caress could you imagine? Has that happened in any other country before?
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Jun 5, 2014 22:38
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