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It's pretty funny how there's so much pressure for married couples to buy a house even though they really don't need the extra space.
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Aug 13, 2016 16:27
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leftist heap posted:http://www.theglobeandmail.com/news/british-columbia/low-income-renters-in-vancouver-face-difficultcalculations/article31400346/ nothing like cramming poor people into artisanal rabbit hutches
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Aug 14, 2016 22:00
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Bip Roberts posted:Can't buy a haircut. lol
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Aug 20, 2016 19:46
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Femtosecond posted:Vancouver could be like Vienna and build massive amounts of publicly owned housing, though that would involve giving incentives to developers, which does not seem terribly popular in this thread. The Vienna model works because the city owns most of the land and buildings, hence has more leverage to dictate terms. Also more fundamentally it works since the Austrian federal government provides lots of funding to subsidize the public housing model.
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Aug 22, 2016 22:37
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namaste faggots posted:http://business.financialpost.com/news/fp-street/how-a-potential-housing-downturn-could-hit-hard-for-canadas-big-banks-eventually I like how in terms of household debt to income Canada has already exceeded the peak of the US credit bubble.
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Aug 23, 2016 22:58
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sbaldrick posted:That's way to high for an elevator tradesman unless his Dad owns the company. Then, when I’m 30 or so and ready to have kids, I can move out of Toronto and have a huge home for my family. I'm glad that he built his wealth on non-diversified local real estate holdings.
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Aug 26, 2016 01:39
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cowofwar posted:Well businesses in Toronto managed to lobby for less frequent and less stringent elevator service and maintenance regulation. It's a race to the bottom, a very fast race to the bottom with a hard landing. falling windows and falling elevators. Condo life is the best
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Aug 26, 2016 22:00
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Guest2553 posted:Worst. It was less painful to hear that my parents got scammed for six figures in a prefab condo operation that has since vanished under questionably legal restructuring. The whole concept of people signing up for pre-sales makes my head hurt, especially given how the non-refundable deposits are fairly large
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Aug 28, 2016 13:40
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namaste faggots posted:Look at it this way. Take the minimum downpayment before the CMHC will make you take out mortgage insurance, which is approximately 25% of your home purchase value. Then figure out the cost of borrowing the remaining 75% including insurance, closing fees etc. Then figure out how much you'll pay monthly. If that number is less than what it costs to rent an equivalent property, then buy. If not, don't buy and keep waiting for home values to decline. Yeah the hilarity of this bubble is you have people paying $1500-$2000 a month more just for the joy of homeownership.
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Sep 3, 2016 12:37
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Ceciltron posted:And nobody will learn anything in the process. The big short ending owned
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Sep 9, 2016 03:26
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leftist heap posted:Lol, this is some great late stage capitalism poo poo. Nobody makes enough money or has a stable enough job to qualify for mortgages anymore. Guess we better loosen mortgage requirements! It's like the ninja scene in The Big Short
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Sep 21, 2016 00:39
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lol https://www.youtube.com/watch?v=YHU_KLYhibI
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Sep 30, 2016 00:24
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The chinese will be forced to import smug Vancouverites to make it a authentic neighborhood. We live in a world class city with lots of jobs and opportunity!
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Oct 1, 2016 01:01
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namaste faggots posted:He's literally an irl shitposter as an analyst for a "boutique" fund aka no one invests in it lmao He's probably just like that Zero Hedge weirdo who got disbarred for finance sector fraud. But but I use lingo overkill so it means people will be believe my crazy arguments.
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Oct 1, 2016 12:30
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Femtosecond posted:Reminder: Strata councils are little tin pot dictatorships Reminder condos combine the shittiness of apartment living with the pains of home ownership
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Oct 2, 2016 01:47
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Airbnb rentals are pretty horrible. Also lolling at the idiot he didn't realize that part of being in a condo means piles of rules.
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Oct 2, 2016 03:22
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namaste faggots posted:
Vancouver is colony of mainland china
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Oct 2, 2016 19:26
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ocrumsprug posted:Them underpaying is only part of the reason for their turnover. If you are staying in Vancouver, that is close to top of the line you can expect. It's another horrible salt mine cult compound tech company that tries to look like a fun place on the outside.
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Oct 16, 2016 00:38
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MickeyFinn posted:20% isn't enough, 50-75% and bust. Well just look at a the Big Short, it only takes a small amount of failures to collaspe things like mortgage security bonds.
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Oct 23, 2016 15:55
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I would blow Dane Cook posted:inexplicably veered off the road and hit a large stone The best part of the article
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Jan 13, 2017 01:59
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https://www.youtube.com/watch?v=Kl4kJ9TGhJA
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Mar 4, 2017 16:30
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lmao the Canadian federal government is having to bail out bankrupt Albertan energy companies http://www.reuters.com/article/us-canada-oilwells-orphans-idUSKBN16E2I1 quote:The Canadian province of Alberta may get federal aid to help clean up the rising number of oil wells whose owners have gone bankrupt, with federal officials acknowledging the relevant provincial agency lacks sufficient funds. Bubbles are great as long the government and tax payer is on the hook for cleanup costs!
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Mar 8, 2017 00:16
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mashed_penguin posted:Update to condo board hijacking from the other week - http://www.cbc.ca/news/canada/toronto/condo-owners-resign-toronto-1.4131732 I've always found buying condos to be a strange concept. Let's combine the misery of apartment life with the insanity of HOAs.
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May 28, 2017 21:18
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PT6A posted:How do you even spend that much on groceries if you're eating out twice a week as well what the gently caress are they even eating? Also $220 a month on coffee
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Jun 24, 2017 18:23
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The Butcher posted:Just for kicks to kill the end of my shift today I created a HAL portfolio based on all the publicly traded companies in his list, backtested from the day he posted it, Jan 30, 2015. lmao
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Jul 29, 2017 01:10
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cowofwar posted:Hhahahahha let’s floor this gas pedal and take the bubble to the moon! At least this means you would no longer be in Vancouver....
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Nov 15, 2017 01:49
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the talent deficit posted:it's san francisco Of course
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Dec 8, 2017 01:54
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PT6A posted:I'm the plumber who trained himself by watching Windows screensavers. Remember this game? https://www.youtube.com/watch?v=DkV8PqlMwNc
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Dec 22, 2017 15:43
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sitchensis posted:I was looking at bachelor apartments in Metro Vancouver on Padmapper. I don't think I saw one that started below $1,500 a month. gently caress this dumb city. Vancouver: Where overpriced rents meets a undersized job market.
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May 20, 2018 01:04
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mila kunis posted:The Sydney real estate bubble is collapsing. Hope for canada? lol quote:“The local mainstream media (MSM) have made great efforts to play down the systemic nature of the early findings of the Royal Commission along with the fall in house prices in Sydney,” David writes:
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Jul 12, 2018 23:49
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Dinosaurtrain posted:I don't even know what the loving point to this graph is. Ft Lauderdale the most expensive place in North America to live lol It's more a matter of local income vs things like rent. Homes are much cheaper in Florida but rent is fairly high compared to income.
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Aug 3, 2018 23:03
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RBC posted:stopped reading at "We know that a $300,000/year household income is pretty middle class" lol quote:This post will give you a taste of what it’s like to make $1 million a year. You’ll also get to decide whether making a top 0.1% income is truly worth the price.
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Aug 20, 2018 01:08
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McGavin posted:Tale as old as time lol
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Nov 6, 2019 23:55
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