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Dreylad posted:OK so we're agreed Estonia is a member of NATO. quote:
Lmao
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Sep 16, 2015 04:21
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blah_blah posted:As long as Vancouver, Toronto, Ottawa, and Montreal remain more than a few dozen kilometers from Sand Hill Road in Palo Alto this isn't happening. What is the tech job market in canada like right now out of curiosity?
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Jan 11, 2016 06:24
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e;
mila kunis fucked around with this message at 10:43 on Dec 24, 2023 |
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Jan 11, 2016 22:48
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E:
mila kunis fucked around with this message at 10:44 on Dec 24, 2023 |
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Jan 11, 2016 22:52
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e:
mila kunis fucked around with this message at 10:44 on Dec 24, 2023 |
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Jan 11, 2016 23:12
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Rime posted:Yeah, actually. Say for the past ten years I'd taken my excess monthly income and, instead of blowing it on frivolous bullshit, put it in a savings account, I'd be able to buy a house almost anywhere in BC right now. That's true. Cutting down on consumer spending has always been traditionally great for economies. Ballooning costs of shelter, transport, and other basic non-negotiable requirements in life causing people to cut expenditure elsewhere isn't a loving drain on an economy at all! Watch this, and stop thinking of everything in terms of individual morality tales instead of aggregate outcomes: https://www.youtube.com/watch?v=B6vV8_uQmxs&t=2542s (at 42:22, he's talking reduced salaries but the same principle applies re: cutting expenditure) People want to own their own property because rent is pissing money into the ether and most jobs are in the big cities. What are you even talking about dude? mila kunis fucked around with this message at 23:55 on May 21, 2017 |
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May 21, 2017 23:49
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Might get the possibility of a remote option so I can get the gently caress out of Toronto. What's the most affordable actual city in Ontario for renting generally? London? Waterloo?
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Sep 25, 2017 18:30
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Oh no now where do I go to get a bloomberg.com rss feed but with racism
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Mar 7, 2018 15:58
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Cold on a Cob posted:The sourced report is interesting too btw. Is there any chance of rental costs going down due to this or are the speculators just sitting on empty units?
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Apr 23, 2018 21:59
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Powershift posted:And it will only take 140 years with current wage growth for wages to match up! TD should start offering actual indentured servitude contracts. Become a butler for a princeling so you can your very own hole to burrow in for the night.
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May 28, 2018 17:59
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Are there good resources to read/catch up on the worlwide real estate speculation crisis? This thread is good but I feel like the fuckery going on is global in scope and it'd be interesting to read about the major players and what's happening. Here's stores shutting down in ny because speculators find vacancies more profitable: http://www.nydailynews.com/opinion/change-math-keeping-nyc-storefronts-vacant-article-1.3932715 https://gizmodo.com/full-bank-accounts-empty-storefronts-the-economics-of-1706993230 https://commercialobserver.com/2016/09/soaring-retail-rents-keep-vacancies-high-so-prices-should-come-down-right-maybe-not/ mila kunis fucked around with this message at 22:32 on Jun 11, 2018 |
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Jun 11, 2018 22:30
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The Sydney real estate bubble is collapsing. Hope for canada? https://wolfstreet.com/2018/07/11/sydney-house-price-bubble-mortgage-market-royal-commission/
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Jul 12, 2018 22:13
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Die you fuckers https://twitter.com/lisaabramowicz1/status/1024479711207084034
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Aug 3, 2018 21:02
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Baronjutter posted:CI should get on twitter and then someone here could just link his vancouver RE tweets. He needs to monetize his thing and reach greatness as a d-list twitter personality like another canadian former posting titan, getfiscal
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Sep 5, 2018 00:29
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Mandibular Fiasco posted:Oh, we rent a nice house - it's close to my wife's work, close to SkyTrain for me to get downtown. Modern appliances (SubZero fridge, etc.), great landlord, but our family has grown since we moved in, and we're ready to upgrade to something bigger with more room and with more accessible schools (our house is a hike to the nearest elementary school). Problem is anything we like is $1.6M, which is just insane considering the income required to afford such a thing. Now these houses aren't extreme luxury by any stretch, but are decent upper middle class sort of places. Given our incomes, we should be able to afford something like this, but the market is non-functional for anyone that didn't inherit massive wealth, or is a 1%er, or is bringing money in from overseas. Our rent is also really low by current standards, so finding something nicer is likely going to double our costs, but give us none of the security of tenure (landlord owns the house right next door) or a proportionally better place for the cost. What's astonishing is that there's a national election in a month and this stuff that's impacting millions seems barely on the radar of priorities to talk about.
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Sep 9, 2019 06:20
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sitchensis posted:I'd love for it to happen, but it's a delusional fantasy to think that any public body will swoop in and buy up properties on the cheap in order to turn them into public housing ala Vienna. Fine with me. Turning 51+% of the population into rental serfs might finally lead to some loving political change.
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Apr 16, 2020 07:47
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Is Scotiabank in deep poo poo?
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May 27, 2020 23:41
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Rime posted:Bank Of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate There's no hope is there huh. They'll never let housing become affordable again. I should accelerate my plans to leave this place but idk where to go. The cheaper places in Canada probably don't have jobs for me so maybe leave the country entirely (after the pandemic), but loving where to lol.
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Aug 5, 2020 23:26
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half cocaine posted:
It's 210 more per month. That seems like a lot to me.
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Sep 11, 2020 06:47
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$10 more will send a family into debtors prison thanks trudeau
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Dunno this bubble seems pretty invincible so far. Buy in or get out (of the country, which I hope to do when the pandemic recedes)
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Oct 6, 2020 21:24
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Where did you move to?
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Oct 8, 2020 14:25
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Is it fair to say it's unlikely GTA non-condo houses are going to drop? I've seen a lot of condo construction which means supply has been going up somewhat, but if supply isn't budging for detached/semis/townhouses then what could force those down?
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Oct 27, 2020 17:17
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Generational analyses are silly. The great depression led to a massively strong labour movement that forced governments and capitalists into a wide range of things from building affordable/public housing to sharing more of the profit for labourers and so on. With the widespread devastation following WW2 and so much work to be done rebuilding the world, productivity gains and economic output growth allowed capitalists to share those profits with labour while maintaining their returns, but as the (western) world got mostly rebuilt by the 70s there was a profitability crisis. It turned out capitalism doesn't work if capitalists don't get theirs, throw in some oil shocks, and a huge revolt from above led to the neoliberal turn, capitalism and speculation unleashed and all the fun stuff we have today. I totally believe that a large segment of boomers are selfish psychos but they're shaped by material circumstances just like other generations.
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Oct 27, 2020 18:58
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What's a reasonable city in the country to be able to afford your own place with actual jobs available if remote jobs go away post pandemic? I've been looking at Kitchener/Waterloo, wondering if anyone else had recommendations.
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Nov 8, 2020 19:32
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Alctel posted:Gatineau Thanks!
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Nov 11, 2020 00:31
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https://twitter.com/BenRabidoux/status/1329464130017890310 https://www.youtube.com/watch?v=oyFQVZ2h0V8
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Nov 24, 2020 21:50
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There has to be some sort of reckoning lmao. We can't keep getting away with this!
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Nov 24, 2020 21:53
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Hasn't Japan kept interest rates at 0 for like 3 decades now or something, even going into effective negative rates for a while?
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Nov 24, 2020 22:03
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Kraftwerk posted:Maybe that’s why we still haven’t moved away from Monetarist policy to New Monetary Theory. We have, it's just that the welfare goes to the rich to buy up and drive up asset prices.
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Nov 27, 2020 19:24
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Mandibular Fiasco posted:The underlying thesis is still correct. There is no connection between wages and costs and the price of housing has been perverted by multiple factors that in a rational market, a correction would be expected. What we were all wrong on was the extent to which the Canadian government will backstop real estate by printing insane amounts of money through crashing interest rates. About the UK but I think big chunks of it apply to Canada as well: https://www.theguardian.com/commentisfree/2020/dec/27/the-guardian-view-on-britain-out-of-the-eu-a-treasure-island-for-rentiers
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Dec 28, 2020 07:36
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Flater posted:We can't have a country where half of us are thrive by sucking the other half dry. You absolutely can. House prices to go up 30% this year.
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Jan 1, 2021 14:06
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Crow Buddy posted:Despite the obvious flaws in the USA that a lot of Canadians are pretty familiar with, if you were to offer 100 world randos a greencard or a CDN PR I am fairly confident that the green card would be the more popular choice. That's just because of marketing. Having lived for a long time in both countries, America's fine if you're affluent but a nightmare compared to Canada if you're not.
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Jan 4, 2021 01:12
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The Butcher posted:Just trick someone into loving you and hope it's not the triple reverse maneuver where they trick you into loving them. We need to transition as a society to arranged marriages and multigenerational households, housing crisis solved.
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Jan 16, 2021 02:00
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That's not a particularly useful statement if most of NS's population is concentrated around Halifax.
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Jan 21, 2021 06:08
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tagesschau posted:It may very well be the case that Canada's housing bubble has already made us uncompetitive compared to the rest of the western world. I got to the point where I think I would qualify as reasonably experienced and hireable in most places in my profession and everytime I feel we've reached the point of being able to to buy we get the floor yanked out from under us by another price rise. Everywhere's gone nuts that we've looked, from BC to smaller cities in ON to Halifax. Where do you go outside of canada though? Other places in the western world from Norway to New Zealand seem to be suffering from the same poo poo.
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Jan 24, 2021 04:56
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What's so bad about halifax?
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Feb 4, 2021 02:20
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Cold on a Cob posted:
This country and the people who run it are trash lol
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Feb 4, 2021 22:44
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linoleum floors posted:It is common for sellers to have an inspection done before offers in the GTA. Not all the time but it happens. That being said the people putting offers without a financing condition is probably even worse unless they have the actual cash to pay in full on closing. Lol the first thing a realtor we talked to told us this year is to not have a financing condition when buying because we'd lose to other bids. I hate this country
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Feb 8, 2021 16:50
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This thread is 8 years old, goddamn
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Feb 8, 2021 18:20
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Speaking of, https://old.reddit.com/r/TorontoRealEstate/comments/lg4a58/where_were_the_desperate_buyers_back_in_october/ I don't know if FOMO from people wanting a home to live in is enough to explain the massive increase in demand in like just a few months, I feel like there must have been a massive inflow of speculative capital from somewhere
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Feb 10, 2021 07:39
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