Canada Housing/Debt: Trust me, I'm a landlord.

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

Kafka Esq.: Jan 1, 2005; "If you ever even think about calling me anything but 'The Crab' I will go so fucking crab on your ass you won't even see what crab'd your crab" -The Crab(TM)

etalian posted:

Energy exposed provinces will be the first to crash IMO

also lol

Own your own piece of rock, it's stable in a real estate bubble crash!

Sales people that are high on their own supply are the worst.

# ? Aug 29, 2015 19:02

Adbot: ADBOT LOVES YOU

# ? Apr 24, 2024 11:39

Rime: Nov 2, 2011; by Games Forum

etalian posted:

also lol

Own your own piece of rock, it's stable in a real estate bubble crash!

This woman looks like her parents drank a fuckton while she was in the womb, which makes it all the more surprising that she has enough synapses to make a living by scamming people who don't have FAS.

# ? Aug 29, 2015 19:59

etalian: Mar 20, 2006

Rime posted:

This woman looks like her parents drank a fuckton while she was in the womb, which makes it all the more surprising that she has enough synapses to make a living by scamming people who don't have FAS.

I like how they use child like arguments, a home is a rock that's much better than a condo. Own the best type of rock to avoid being underwater on your mortage.

# ? Aug 29, 2015 20:25

Kafka Esq.: Jan 1, 2005; "If you ever even think about calling me anything but 'The Crab' I will go so fucking crab on your ass you won't even see what crab'd your crab" -The Crab(TM)

my property values are sinking like a rock

# ? Aug 29, 2015 21:33

Wistful of Dollars: Aug 25, 2009

This is basically me and the housing market.

# ? Aug 29, 2015 22:38

Rime: Nov 2, 2011; by Games Forum

When this listing drops below $80k, you'll know it's safe to buy property in BC again:
http://landquest.com/detailmain.aspx?propid=12335

A year and a half ago they were asking around $300k, so it's getting close. :v:

There's some unbelievably sick 100+ acre parcels coming on the market up by Bella Coola recently now that it has no ferry service, so I certainly hope the market implodes sooner rather than later here.

Rime fucked around with this message at 22:59 on Aug 29, 2015

# ? Aug 29, 2015 22:53

etalian: Mar 20, 2006

ha ha

http://www.cbc.ca/news/business/canada-s-economy-5-reasons-not-to-panic-1.3205652

quote:

4. Debts getting paid

Canadians are deeper in debt than ever, but they're also managing responsibly, according to a new report. (CBC)

Canadians are deeper in debt than they've ever been, but they're managing it very well, according to a recent report from credit monitoring agency TransUnion.

Excluding mortgages, the average debt for a Canadian consumer was $21,028 in the second quarter of 2015, compared to $20,880 in the same period last year, the report found.

But debt payments overdue by 90 days are in decline by four per cent, and Canadians are paying down much more of their lines of credit and loans.

"Delinquency rates of all credit products are relatively low, but even so we have observed a pronounced improvement in some of the most popular credit products such as lines of credit," Jason Wang, TransUnion's director of research and industry analysis, said in a news release.

"This is a positive sign that Canadians are both increasingly aware of the importance of making payments on time, and have the capacity to do so."

# ? Aug 29, 2015 22:59

namaste friends: Sep 18, 2004; by Smythe

So we're told that low overnight rates stimulate the economy because it stimulates spending and borrowing. And in Canada's case, consumer borrowing which in theory should grow the economy. But now we're being told that the economy is in good health because borrowers are paying down their debts, presumably at the expense of their consumer spending.

So which is it, dear experts and serious people

# ? Aug 29, 2015 23:12

etalian: Mar 20, 2006

The bit about Canadians not having a debt problem once you exclude mortgage debt was pretty funny.

It's like saying Surrey doesn't have a crime problem once erase murders and drug arrests from the books.

also:

http://business.financialpost.com/personal-finance/mortgages-real-estate/what-should-you-do-with-your-million-dollar-home

quote:

What if you were sitting on a pot of gold worth $1 million and you thought somebody might come and take it away at any moment?

Toronto, Vancouver home prices could plunge 30%, says economist who predicted housing crash that never happened

Peter J. Thompson/National Post
David Madani, the economist known for his prediction of a 25 per cent correction in Canadian house prices, has a new forecast for the Toronto and Vancouver markets.

Continue reading.
In Canada�s two most expensive housing markets that�s the situation some homeowners fear. In Toronto, detached homes keep going up in value after touching an average of $1 million in February. This is an old story in greater Vancouver, where the average detached home is well past $1.4 million.

Are prices really under threat? Some economists think so. David Madani, of Capital Economics, a known housing bear, says the two markets may be as much as 30 per cent overvalued. Derek Burleton, the deputy chief economist with TD Bank, counters that at best the Toronto market has a medium risk of a U.S.-style correction � one where prices dropped by up to 50 per cent in some markets.

If you need proof we can have a correction, check out the price of oil and the impact on the Alberta housing markets. Those markets crashed after the 2008 recession and after finally reaching their old price peaks, or getting close to them, are falling again. The Alberta retreat is not even close to the severity of the U.S. correction.

So what do you do if you think the apocalypse is coming to the Toronto and Vancouver housing markets?

You could use the equity in your home by borrowing against it and diversify your overall wealth by investing in the stock market. The strategy has been suggested by some certified financial planners but it�s one that scares homeowners who don�t want to bet their house.

etalian fucked around with this message at 23:16 on Aug 29, 2015

# ? Aug 29, 2015 23:14

PT6A: Jan 5, 2006; Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

etalian posted:

The bit about Canadians not having a debt problem once you exclude mortgage debt was pretty funny.

It's like saying Surrey doesn't have a crime problem once erase murders and drug arrests from the books.

To be fair, a mortgage can be a reasonable choice under very specific circumstances (i.e. not in the middle of a huge gently caress-off bubble, and you want to live some place for a significant period of time and want stability). Using debt to finance a business can also be a good, albeit risky, strategy. Consumer debt is always an awful, awful choice.

# ? Aug 29, 2015 23:17

etalian: Mar 20, 2006

PT6A posted:

To be fair, a mortgage can be a reasonable choice under very specific circumstances (i.e. not in the middle of a huge gently caress-off bubble, and you want to live some place for a significant period of time and want stability). Using debt to finance a business can also be a good, albeit risky, strategy. Consumer debt is always an awful, awful choice.

I'm just laughing at whoever wrote the article for how they rigged the no credit problem here talking point.

# ? Aug 29, 2015 23:20

Rime: Nov 2, 2011; by Games Forum

etalian posted:

I'm just laughing at whoever wrote the article for how they rigged the no credit problem here talking point.

Yeah, the amount of times they offhand mentioned how the guy had predicted a crash that totally never happened yet guys was pretty funny.

# ? Aug 29, 2015 23:23

etalian: Mar 20, 2006

If you had a million dollars in index tracking stocks and bonds you wouldn't have to work ever again.

# ? Aug 29, 2015 23:28

namaste friends: Sep 18, 2004; by Smythe

quote:

VPD warns against 'evil spirit scam'

It is ill advised to hand your valuables to a stranger, even when you are being followed by an evil spirit.

That is one of the warnings coming from Vancouver police this week after a trio of women were arrested in relation to a con that saw four people defrauded of thousands of dollars in cash and jewellery.

The VPD’s financial crime unit started investigating the “evil spirit scam” in July.

The set-up was the same in each case. A target is approached by the scammer who convinces them they are being followed by an evil spirit who wants to harm their family.

Thankfully, the evil spirit can be easily scared off. To do so, the target must place all of their valuables in a bag to be blessed. But they need to keep the bag closed tight for a few days and keep their mouths zipped for just as many. In particular, they are warned not to tell any of their family members.

When they open the bag at last, it is empty.

The scam has been used in Vancouver before, but in this recent round, each of the four targets were taken for $10,000 to $20,000 in money and jewellery.

Police identified then recommended charges against a trio of women and all three were nabbed at Toronto’s Pearson Airport.

Hailan Lu, 53, Meizhan Pan, 57, and Rong Lin, 61, have been charged with extortion and fraud and are in custody.

Police say others may have been defrauded in a similar fashion.

Anyone with information or who knows someone who may have been a victim of this crime is asked to contact Ivan DeSilva, a VPD detective constable, at (604)-717-3459.

http://www.vancouversun.com/touch/story.html?id=11325440

# ? Aug 29, 2015 23:51

Throatwarbler: Nov 17, 2008; by vyelkin

Doesn't the rock refer to newfoundland? That's what all the newfs I knew called it. Or maybe it was nova Scotia

# ? Aug 30, 2015 00:39

B33rChiller: Aug 18, 2011

Rime posted:

When this listing drops below $80k, you'll know it's safe to buy property in BC again:
http://landquest.com/detailmain.aspx?propid=12335

A year and a half ago they were asking around $300k, so it's getting close.

They might as well list that for a Gorillian dollars. There's no place in Ocean Falls worth spending more than $25k on. That includes the hotel.

# ? Aug 30, 2015 00:54

cowofwar: Jul 30, 2002; by Athanatos

etalian posted:

ha ha

http://www.cbc.ca/news/business/canada-s-economy-5-reasons-not-to-panic-1.3205652

This is stupid. We're talking averages so $148 is easily well within error and not significant.

# ? Aug 30, 2015 01:24

Rime: Nov 2, 2011; by Games Forum

B33rChiller posted:

They might as well list that for a Gorillian dollars. There's no place in Ocean Falls worth spending more than $25k on. That includes the hotel.

There's no place in Ocean Falls worth spending $1 on, but this is BC where isolated fly-in parcels on Porcher Island go for over a quarter million so gently caress reality. $80k on this will be a sign things might be somewhat sane again.

On the other hand, if it sells for more than $150k we may as well give up on every owning anything in BC because that's a sign that things are permafucked here forevermore.

# ? Aug 30, 2015 03:41

UnfortunateSexFart: May 18, 2008; ð» ððð« ð·ððð·
ð ð ð ð« ð®ð ð¾ð ð ð¡ððð

I enjoyed the source of this photo

Now those houses are only worth $1.5 million each. Or maybe they went up $100,000 each if that just opened up a new ocean/mountain view.

# ? Aug 30, 2015 12:26

I would blow Dane Cook: Dec 26, 2008

http://www.dailytelegraph.com.au/re...6-1227503937712

Hahaha look at all these dumb motherfuckers.

# ? Aug 30, 2015 12:32

namaste friends: Sep 18, 2004; by Smythe

All three parties in Canada are suggesting supply side solutions to solve the affordable housing ' crisis'.

Burn this motherfucker to the ground

# ? Aug 30, 2015 15:26

PT6A: Jan 5, 2006; Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

Cultural Imperial posted:

http://www.vancouversun.com/touch/story.html?id=11325440

This scam should not be illegal, it should be carried out by the government to ensure that complete loving morons can't accumulate large amounts of money.

# ? Aug 30, 2015 16:22

namaste friends: Sep 18, 2004; by Smythe

http://www.theguardian.com/money/2015/aug/29/towns-property-boom-forgot-house-prices-newry-conwy-ferryhill?CMP=fb_gu

quote:

Towns the UK property boom forgot: �We sold at a �410,000 loss�

It was a luxury house in a good area, but it was on the market at �695,000 so David Callaghan, 43, reckoned that after negotiating hard to bring it down to �650,000 he had landed a bargain. The property market was roaring away and he was convinced the price would be �750,000 in a year�s time. So he cobbled together the money, stretching himself to the limit with a huge �485,000 mortgage, plus his deposit.

But this was autumn 2007, and this was Northern Ireland. For a brief moment in time a province that was a byword for violence transformed itself into the world�s most sizzling property market. Builders who were knocking out small estates of semis initially priced at �120,000 were selling them for �200,000 on completion six months later. Investors from the Celtic Tiger south were driving north and snapping up anything they could lay their hands on. Banks were falling over themselves to lend.

To Callaghan, and thousands of others like him, it made sense to take the largest mortgage possible. He even managed to borrow some other cash and invested in a one-bed buy-to-let in Belfast.

Then the financial hurricane struck, and with peculiar ferocity in Northern Ireland. Where David bought, just outside Newry, midway between Belfast and Dublin, is perhaps the part of the UK that has suffered the biggest property boom and bust ever recorded. In March, David put the house on the market and it eventually fetched just �240,000 � resulting in a loss of �410,000.

�We�ve been wiped out,� says Callaghan, who is married with two young children. �We gathered everything together we could and sold it. We�ve sold our car, we�ve sold everything � and managed to get �17,000. So the bank has taken that, as well as the �240,000, and we now have nothing.�

He had to sell because his income has fallen heavily since 2007 and he has been struggling to pay the mortgage and childcare. �I was getting ill with it, and my wife was stressed and it was affecting our marriage. It was hanging over us like a cancer. I was having to borrow from her dad. Now we�re renting, and are much, much happier. I feel like I�ve got out of jail.� The buy-to-let in Belfast has also gone, but it wasn�t as bad an investment as the house in Newry. It only fell in value by half, not two thirds.

Claire Dempsey is another victim. She was a single woman in her mid-20s earning not much more than �20,000 a year when, in 2006, her bank offered her an interest-only loan of eight times her income. She scraped together another �23,000 from her savings and from her parents to buy a small semi for a total of �183,000. After falling pregnant and being unable to maintain the mortgage, she eventually sold it for just �65,000.

A recent tepid recovery in prices in Northern Ireland, largely in Belfast, has done little to remove the blight of negative equity. According to HML, a subsidiary of Skipton building society that handles mortgage administration for many other lenders, the number of London homes where the mortgage is higher than the value of the property is just 219 � down 99.8% in the past four years. But in Northern Ireland the figure has actually gone up since 2011, from 44,000 to more than 56,000 households with mortgages.

At Digney Boyd, one of Newry�s biggest estate agencies, director Bronagh Boyd remembers one of the fanciest properties to hit the market in 2006: a 7,000 sq ft new-build (a typical semi is 1,000 sq ft) that the developer wanted to market at �980,000. She refused to value it above �650,000. But eventually it did sell, for more than �900,000, paid for by a mortgage Boyd understands was in excess of �800,000. And now? �We sold it recently for �225,000,� she says.

The peak of the boom was in 2006. �We were doing 10 surveys a day. I was running from house to house like Anneka Rice. Now we mostly do what we call �shortfall sales�,� Boyd says. �We have people coming in who bought for, say, �200,000, and we say your house is worth �85,000. I�ve seen people start crying.�

Land prices have fallen even further than houses. �Somebody paid �330,000 for six acres of farmland without planning permission, in the hope of getting it. We just sold it for �50,000. They were lucky, as part of it was needed for road-widening. Otherwise it was worth almost nothing.�

Boyd admits she was swept up like everyone else, recently having sold her own home at half the price she originally paid. �We all went crazy. We all started to talk in millions of pounds. Now we know the value of �100.�

Yet visitors to Newry aren�t greeted by a scene of economic desolation. The city, once in the heart of �bandit country� during the Troubles, was one of the biggest beneficiaries of the peace dividend following the 1998 Good Friday agreement.

Even on a drizzly Wednesday in August its high street is bustling, largely free of the boarded-up sites, betting shops and pound stores common in the dilapidated centres of many English towns. Major retailers have invested in huge stores on the edge of town to entice cross-border shoppers from the south. Sterling�s rise over the past year has largely killed off that trade � there are virtually no Republic-registered vehicles in the car park at the Quays mall � but the shops are instead full with visitors from across the region.

A local pharmaceutical company, Norbrook Laboratories, has become the poster boy for Northern Irish corporate success, now employing 1,500 people in the area.

Another homegrown Newry success, software company First Derivatives, expects to add a further 500 jobs over the next year. On the streets, local people say that if you want a picture of economic bleakness go to Dundalk, on the other side of the border, not Newry.

So why have property prices crashed so much, and stayed low since?

Estate agents and economists are united in pointing the finger at the banks and their lending practices. While eight times income was rare, says Boyd, six or seven times wasn�t. The British banks were joined by the Irish banks, then American sub-prime lenders, in flooding buyers with easy finance. �If I were one of the banks lending at the time, I deserve to lose my shirt. They were completely reckless, not just with their shareholders� money, but also their customers� lives,� says David, who borrowed from one of the major UK high street banks.

David Callaghan (like Claire Dempsey, not the interviewee�s real name) prefers to remain anonymous in part through embarrassment at what happened, and in part because he is in the final stages of extracting himself from his debts.

A successful �shortfall sale� leaves the seller virtually penniless, but not bankrupt and without their credit record shredded to pieces. Several companies have now sprung up to handle negotiations between homeowners and their lenders over unmanageable mortgage debts.

In Dempsey�s case the debt shortfall was �95,000. Conor Devine, who runs brokerage Negative Equity Northern Ireland, says he was able to prove to the bank that Dempsey had no other assets.

Related: House prices in England and Wales hit record high

Like the Callaghans she scraped together what she could � it added up to �3,000 � and the bank accepted that as full and final settlement of the debt. She can�t be chased for it in future, and the debt has been cancelled on her credit record. Devine says he has helped write off �12m in mortgage debts over the past six months. Crucially, the borrower has to prove they have no other assets.

Bronagh Boyd takes a similar approach. �You can�t take feathers off a frog,� she says. �All the lenders here now have shortfall teams. But you have to make sure you get the agreement before you sell.�

Many fear that the first rise in interest rates, largely because of booming conditions in London and the south-east, could finally pull the rug from many local households struggling in negative equity. Then there�s the wider problems of the province�s economy. Around 70% of it is dependent on the public sector, and austerity cuts are expected to bite hard. But Dr Conor Patterson, who runs Newry and Mourne Co-operative and Enterprise Agency, says that his biggest fear is Britain�s potential exit from the EU.

�Newry hugely benefitted from the peace agreement. If there�s a Brexit there will have to be people controls at the border, ID checks and so on. For 60% of small- and medium-sized businesses here, their primary market is the Republic. People are only beginning to realise what an exit could do to the local economy.�

Ferryhill, County Durham

Ferryhill terraces sell for half their 2007 prices. Photograph: Michael Walter /Troika
Back in November 2007 the average property in County Durham was worth �113,168, writes Emma Lunn. Now it�s just �80,811, which is 29% less, according to the Land Registry.

Ferryhill, a town with a population of about 11,600, has been particularly hard hit. According to Rightmove, the average house price is �66,304, with sold prices 18% down on 2007 and falling again over the past year. A former mining town, it is in Tony Blair�s former constituency of Sedgefield. The last mine closed in 1968 and unemployment has been a big issue.

Homeowners who bought terraced houses have suffered the most. According to Home.co.uk, a terrace bought in June 2007 cost an average �71,373, but it would be worth less than half that now at just �33,875. People buying detached homes haven�t fared much better. The average price was �230,000 in June 2007, but is 40% less at �137,500 now.

Rightmove data shows how homeowners have taken a financial hit. For example, a two-bedroom terrace in Walker Terrace sold for �62,000 in August 2007, but went for just �24,500 in April 2015. Another, in Carlton Street, was sold for �45,000 in November 2007 but just �30,500 in March this year.

The town has tried to fight back, with improvements including a sports complex, a youth cafe and a station revamp.

James Bryan of online estate agent Purplebricks.com describes Ferryhill as a �gorgeous� town, but says it is plagued by a lack of amenities, with the nearest supermarket four miles away.

�House prices were the same as larger neighbouring towns, such as Darlington, Bishop Auckland and Newton Aycliffe, back in 2007-08. However, those places have developed significantly through the investment in both infrastructure and essentials for the local people, such as schools and shops,� Bryan says.

�People are buying and letting in the more built-up towns, which means that it�s a bit more difficult for the people of Ferryhill to sell or rent their property.�

Conwy, north Wales

In Conwy, local buyers can�t afford even the lower prices. Photograph: /Kevin Rushby
According to HML mortgage servicing company, which analyses market data, about 13,230 households in Wales were in negative equity in the first quarter of this year, writes Emma Lunn. North Wales has suffered the most in the principality, with prices in Conwy county falling 4% in the past year alone. The amount of negative equity homeowners find themselves in depends on whereabouts in the county they live.

According to Rightmove, in the county town of Conwy properties cost an average of �207,171 � 7% down on �222,290 in 2008.

Things are even worse in Abergele, a small market town on the north coast of Wales. Properties sold for an average of �139,498 over the past year, 15% down on 2007 when the figure stood at �163,593. And it�s a similar story down the road in Towyn, where prices have fallen 3% over the past year and 11% since 2007.

A typical property in the coastal town is now worth �114,391, compared with �128,911 in 2007.

Adam Male, founder of the online estate agent Urban.co.uk, blames low local wages for a lack of buyers to drive the recovery in Conwy.

Despite the fall in property prices, local buyers still can�t afford to put a foot on the property ladder, particularly following the imposition of stricter mortgage requirements after the financial crisis.

�First-time buyers, an important part of the regional housing market, are renting as saving for a deposit is a distant and difficult goal. For those that do manage it, many are still priced out of the market,� he says.

�To achieve an increasing market you need all kinds of buyers who have wages to match prices, otherwise the market will correct itself. This is precisely what is lacking in Conwy county and what is, in turn, creating a lack of recovery overall.�

Northern Ireland is an utter loving shithole.

Fantastic that even the Guardian can't summon the courage to say what really caused all this. it's greed

# ? Aug 30, 2015 16:23

Melian Dialogue: Jan 9, 2015; NOT A RACIST

Cultural Imperial posted:

All three parties in Canada are suggesting supply side solutions to solve the affordable housing ' crisis'.

Burn this motherfucker to the ground

To be fair, isn't the NDP and Liberal supply side strategy built around more social/public housing? Though thats "supply" targeted, it sort of peels away those most vulnerable to loading themselves with poisonous debt they can't afford and prevents some of the out of control spending.

I may be assuming way too much from Tom "Balance the Budget" Mulcair.

# ? Aug 30, 2015 17:32

etalian: Mar 20, 2006

Jumpingmanjim posted:

http://www.dailytelegraph.com.au/re...6-1227503937712

Hahaha look at all these dumb motherfuckers.

# ? Aug 30, 2015 17:33

OhYeah: Jan 20, 2007; 1. Currently the most prevalent form of decision-making in the western world

2. While you are correct in saying that the society owns

3. You have not for a second demonstrated here why

4. I love the way that you equate "state" with "bureaucracy". Is that how you really feel about the state

Jumpingmanjim posted:

http://www.dailytelegraph.com.au/re...6-1227503937712

Hahaha look at all these dumb motherfuckers.

quote:

Mr Abrahamse said the development had attracted a mix of owner-occupiers and investors.

�Seventy per cent have been locals and 30 per cent have been overseas buyers,� he said.

# ? Aug 30, 2015 18:29

etalian: Mar 20, 2006

reminder that the greedy Chinese narrative is just a cover for how it's financially illiterate Canadians taking on the high risk mortgages.

# ? Aug 30, 2015 18:52

Baronjutter: Dec 31, 2007; "Tiny Trains"

Can it be financially illiterate Canadians creating a bubble which then attracts financially illiterate chinese which add fuel to the fire and provide a nice excuse as to why "it's different this time" ?

# ? Aug 30, 2015 19:56

Rime: Nov 2, 2011; by Games Forum

Being dumb [with money] is something which transcends race, class, and time itself.

It's only "different this time" because Canadians have forgotten that most of our population is dumber than the rocks which they're getting paid stupidly unreasonable amounts of money to dig out of the ground and export.

# ? Aug 30, 2015 20:08

Cromulent_Chill: Apr 6, 2009

Riggers don't understand the level of overproduction in the recent past as well as the link to cost of oil. Their supervisors point to the NDP communist straw man narrative and it gets them politically active in fear for their jobs. I've talked to these 'everyman' daily. They are true believers and this keeps them spending and getting me to earn commission on their loans. I made my biggest car sales check in a down market because the people with money get at cost deals but rubes downgrading get grossed at their 14.99 interest rate to get out of their Ram Tough lifted monstrosity. Go jays go!

# ? Aug 30, 2015 20:30

blah_blah: Apr 15, 2006

Cultural Imperial posted:

All three parties in Canada are suggesting supply side solutions to solve the affordable housing ' crisis'.

Burn this motherfucker to the ground

When you only have a hammer...

# ? Aug 30, 2015 22:30

etalian: Mar 20, 2006

Meanwhile Norway laughs at Alberta:
https://www.thestar.com/news/atkinsonseries/2015/08/28/unlike-alberta-norways-economy-insulated-from-falling-oil-prices.html

Norway uses the sovereign fund method to lock energy boom side effects out of the economy and also taxes energy companies much higher than Alberta.

In all Norway saved 900 billion USD total for its sovereign fund.

# ? Aug 30, 2015 23:52

the talent deficit: Dec 20, 2003; self-deprecation is a very british trait, and problems can arise when the british attempt to do so with a foreign culture

Yeah but I bet Norwegians don't drive sweet trucks.

# ? Aug 31, 2015 02:00

Professor Shark: May 22, 2012

Yeah but they did it Socialist-ly and probably wasted a lot of money with their risky, untested ideas

# ? Aug 31, 2015 02:01

etalian: Mar 20, 2006

the talent deficit posted:

Yeah but I bet Norwegians don't drive sweet trucks.

yes unfortunately being financially responsible means less truck equity.

# ? Aug 31, 2015 02:07

Furnaceface: Oct 21, 2004

etalian posted:

yes unfortunately being financially responsible means less truck equity.

What is even the point of life if you cant roll coal with your sweet dual exhaust F-150 on you way home to your $900k bungalow in sunny warm Calgary?

# ? Aug 31, 2015 02:39

namaste friends: Sep 18, 2004; by Smythe

With two 'sleds' in the back

Seriously gently caress rural culture.

# ? Aug 31, 2015 03:59

etalian: Mar 20, 2006

Furnaceface posted:

What is even the point of life if you cant roll coal with your sweet dual exhaust F-150 on you way home to your $900k bungalow in sunny warm Calgary?

https://www.youtube.com/watch?v=ksZTgezMRMg

# ? Aug 31, 2015 04:04

Rime: Nov 2, 2011; by Games Forum

Well guys, I've officially given up on trying to survive in this market. Follow along as I convert and live in a van, in Van.

~~Don't worry, I'll still be shitposting.~~

# ? Aug 31, 2015 04:26

Adbot: ADBOT LOVES YOU

# ? Apr 24, 2024 11:39

etalian: Mar 20, 2006

Rime posted:

Well guys, I've officially given up on trying to survive in this market. Follow along as I convert and live in a van, in Van.

~~Don't worry, I'll still be shitposting.~~

I still love the reddit story about buying a micro-house to solve the Vancouver affordability problem.

Yup nothing like renting a spot in a mobile home park close to industrial zoning, paying $45k out of pocket and the lot rental per month is still $800.

# ? Aug 31, 2015 04:30

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

«‹›1516 »