Author Topic: Addressing climate change  (Read 8119 times)

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Offline MH

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Re: Addressing climate change
« Reply #180 on: August 27, 2019, 03:33:54 pm »
How much would you spend on a new car MH?

How much did you spend on a house?

Hypothetically speaking, if I spent $135k on my house and itís paid off and now valued at $420k or so, do you think weíre in a different financial position and I might be able to put more money into a car if I chose to than someone who just bought in Toronto?

You can do whatever you want.  If you have cash and want to buy a new car you should do just that.

I spent $7K on a seven year old van with 100K km on it, and I grit my teeth. 

I spent $800K+ on a bungalow because I couldn't bear to play casino with an unfair rental market that was costing me $3k per month for housing.  I was not enthusiastic about the housing market which is why I was out of it for decades.  I still think it's going to crash and I don't care.

Offline Squidward von Squidderson

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Re: Addressing climate change
« Reply #181 on: August 27, 2019, 04:05:18 pm »
You can do whatever you want.  If you have cash and want to buy a new car you should do just that.

No one said anything about needing ypur permission.  I was just answering your question. 

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I spent $7K on a seven year old van with 100K km on it, and I grit my teeth. 

Different prioties...   Probably cuz of:

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I spent $800K+ on a bungalow because I couldn't bear to play casino with an unfair rental market that was costing me $3k per month for housing.  I was not enthusiastic about the housing market which is why I was out of it for decades.  I still think it's going to crash and I don't care.

Yes...   Different financial situations breed different spending priorities.   Which was the answer to your question.

You rented for decades despite being able to buy???     Ooops.  The impending doom of the housing market was not a great prediction.
« Last Edit: August 27, 2019, 05:42:03 pm by the_squid »

Offline MH

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Re: Addressing climate change
« Reply #182 on: August 27, 2019, 06:05:46 pm »
1. No one said anything about needing ypur permission.  I was just answering your question. 

2. You rented for decades despite being able to buy???     Ooops.  The impending doom of the housing market was not a great prediction.

1. This sounds like asking permission: "do you think I might be able to put more money into a car if I chose to "

2. The single most massive stupidity in my life.  Friends of mine bought downtown for $300K while I was saying "nope nope".  I am actually a **** moron - please note for any future rebukes.

Offline Squidward von Squidderson

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Re: Addressing climate change
« Reply #183 on: August 27, 2019, 07:44:42 pm »
1. This sounds like asking permission: "do you think I might be able to put more money into a car if I chose to "


No.  It was a question of ability to do it, not whether you think someone should do it.

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2. The single most massive stupidity in my life.  Friends of mine bought downtown for $300K while I was saying "nope nope".  I am actually a **** moron - please note for any future rebukes.

 :(


Offline MH

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Re: Addressing climate change
« Reply #184 on: August 27, 2019, 09:29:49 pm »

No.  It was a question of ability to do it, not whether you think someone should do it.

 :(

Why would you not be able to do that?
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Offline Queefer Sutherland

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Re: Addressing climate change
« Reply #185 on: August 27, 2019, 09:59:48 pm »
And catering to only those people aren't going to do squat to fix the "climate crisis".

Hey that person choose Tesla over a Land Rover. Slow Clap.

Tesla definitely markets towards a certain niche.  They aren't going after the mom with 3 kids.  Early adopters always pay a premium for new tech.

When/if the technology hits critical mass all of the car manufacturers will have EV models plus the price will go down.
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Offline wilber

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Re: Addressing climate change
« Reply #186 on: August 27, 2019, 10:07:38 pm »
Seeing a lot of Teslaís around here these days. Barely pay attention to them now.
"Never trust a man without a single redeeming vice" WSC

Offline Queefer Sutherland

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Re: Addressing climate change
« Reply #187 on: August 27, 2019, 10:11:48 pm »
I spent $800K+ on a bungalow because I couldn't bear to play casino with an unfair rental market that was costing me $3k per month for housing.  I was not enthusiastic about the housing market which is why I was out of it for decades.  I still think it's going to crash and I don't care.

Rent is literally throwing your money away.

Even if there's a market correction in Toronto, it's the safest housing market in the country and a future-proof investment.  Something like 70% of immigrants go to Toronto, so demand will always be there for many decades to come & they'll never be able to build houses fast enough to keep up (condos, well who knows, still doubtful).

Worst case is a correction, your house goes down in value, maybe you could renegotiate your mortgage for less, then value goes back up eventually.  Market has cooled a bit so I think you're fine, and no correction is worth throwing away 36k a year on rent.
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Offline Omni

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Re: Addressing climate change
« Reply #188 on: August 27, 2019, 10:29:36 pm »
Rent is literally throwing your money away.

Even if there's a market correction in Toronto, it's the safest housing market in the country and a future-proof investment.  Something like 70% of immigrants go to Toronto, so demand will always be there for many decades to come & they'll never be able to build houses fast enough to keep up (condos, well who knows, still doubtful).

Worst case is a correction, your house goes down in value, maybe you could renegotiate your mortgage for less, then value goes back up eventually.  Market has cooled a bit so I think you're fine, and no correction is worth throwing away 36k a year on rent.

And all that has what to do with climate change?

Offline Queefer Sutherland

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Re: Addressing climate change
« Reply #189 on: August 27, 2019, 10:42:51 pm »
And all that has what to do with climate change?

Easing MH's psychological pain over housing will reduce GHG emissions due to reduction in nervous farting.
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Offline Squidward von Squidderson

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Re: Addressing climate change
« Reply #190 on: August 27, 2019, 10:59:04 pm »
Easing MH's psychological pain over housing will reduce GHG emissions due to reduction in nervous farting.

Telling him he bought high and there may be a market correction probably hasnít eased $hit. 
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Offline MH

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Re: Addressing climate change
« Reply #191 on: August 28, 2019, 05:44:05 am »
Rent is literally throwing your money away.

Even if there's a market correction in Toronto, it's the safest housing market in the country and a future-proof investment.  Something like 70% of immigrants go to Toronto, so demand will always be there for many decades to come & they'll never be able to build houses fast enough to keep up (condos, well who knows, still doubtful).

Well... maybe.  But rents are taking a historically massive chunk of income and you have to have a household income of 4X the average to buy a small house.  It doesn't seem sustainable.

A small tick, like a government drastically reducing immigration or airbNb regulations coming in or Chinese govt changing policy on foreign investment...

Now - given that I have shown myself to have zero vision in these things anyway - why do you think it's safe beyond the immigration thing ?


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Worst case is a correction, your house goes down in value, maybe you could renegotiate your mortgage for less, then value goes back up eventually.  Market has cooled a bit so I think you're fine, and no correction is worth throwing away 36k a year on rent.

Well at $36k per year you are right....

Offline MH

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Re: Addressing climate change
« Reply #192 on: August 28, 2019, 05:44:22 am »
also CLIMATE CHANGE (thread drift)

Offline cybercoma

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Re: Addressing climate change
« Reply #193 on: August 28, 2019, 07:49:47 am »
WHO ARE THE PEOPLE PAYING$40k for a NEW CAR?!?
People who don't live in major cities where public transportation can quickly and efficiently get them anywhere they need to go.
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Offline MH

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Re: Addressing climate change
« Reply #194 on: August 28, 2019, 08:04:57 am »
Why wouldn't you get one a few years older and save depreciation?