Author Topic: Real Estate Culture  (Read 945 times)

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Offline Queen LaQueefa

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Re: Real Estate Culture
« Reply #45 on: April 08, 2022, 07:37:55 pm »
How would government be able to micromanage where someone gets money, and whether itís a gift, or for helping with a house?   Thatís an unworkable, naive idea. 

And now people who manage to hide income would get a better mortgage rate and be able to have less of a down payment? 

Do you actually think these things through?

Are you done whining?
I queef, therefore I am.

Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #46 on: April 08, 2022, 08:16:40 pm »
Are you done whining?

How is that ďwhiningĒ?
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Offline Black Dog

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Re: Real Estate Culture
« Reply #47 on: April 14, 2022, 12:31:15 pm »
I don't often agree with her on much but I think Jen Gerson is right about this here

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Every political party claims to want to fix the "housing problem" but not one has the balls to tell the truth about it. Housing isn't a "problem" in Canada. Housing is an asset class ó and one that must be protected and nurtured regardless of the long-term consequences to family formation and social cohesion. No government is ever going to "fix" housing because the whole shady underbelly of our economy needs "housing" to stay exactly as it is: an inflated asset bubble with prices rivalling the most dynamic cities on earth.

The first mistake most of us make is that we think of a house in entirely the wrong way. We imagine that a house is something that contains a few walls and a roof and is a place to live and raise kids in, and host a few family and friends over for dinner. Maybe if we have a "house" we can enjoy a lifestyle that exists as a pale shadow to what the typical middle-class kid enjoyed 30 years ago.

This is wrong. You are wrong.

A house is not a home. It is a legal reality that entitles you to limited use of a particular spot of land. Houses arenít places to live. Theyíre an investment. They don't exist to actually shelter people from the cold, they exist to juice the economy and keep the elderly afloat on paper gains well into their retirement years. The shelter part is incidental. You could live in a cardboard box in certain lots in Vancouver and be a millionaire on paper. Itís all the same to the bank and the government.

Oh and this is exactly what I was driving at in another thread:

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Our Boomer got his and that's what matters. We have an entire government apparatus set up to protect that guy. The guy with the money and the guy who votes. The rich-on-paper people are happy, and as long as everybody gets a seat somewhere on this pyramid, then everybody else should be happy too. Sure, there's a growing financial strain on the poors sitting at the bottom of the "property ladder," but as long as we're keeping those at the top fat, and fed, and their retirement plans solvent, so what? The young chumps at the back will be able to work their way up in time. Probably.
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Offline MH

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Re: Real Estate Culture
« Reply #48 on: April 14, 2022, 02:20:40 pm »
Yeah, I like her.  A reasonable conservative for sure.

If housing was about homes they wouldn't gripe about "demand" - which conflates buying as a home with buying as an investment regardless of use.

One party is talking about stopping this - the NDP.

And a ton of the conservative populist convoy people are PISSED about housing btw.  I'm with them.
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Offline Black Dog

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Re: Real Estate Culture
« Reply #49 on: April 14, 2022, 02:47:48 pm »
Yeah, I like her.  A reasonable conservative for sure.

If housing was about homes they wouldn't gripe about "demand" - which conflates buying as a home with buying as an investment regardless of use.

One party is talking about stopping this - the NDP.

And a ton of the conservative populist convoy people are PISSED about housing btw.
  I'm with them.

What are they pissed about, exactly? I would guess most of these people are landed gentry types who have benefitted from the housing bubble.
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Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #50 on: April 14, 2022, 07:11:40 pm »
Yeah, I like her.  A reasonable conservative for sure.

If housing was about homes they wouldn't gripe about "demand" - which conflates buying as a home with buying as an investment regardless of use.

One party is talking about stopping this - the NDP.

And a ton of the conservative populist convoy people are PISSED about housing btw.  I'm with them.

What is there to be pissed about?
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Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #51 on: April 14, 2022, 07:25:54 pm »
How long have real estate prices been federal jurisdiction?
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Offline BC_cheque

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Re: Real Estate Culture
« Reply #52 on: April 15, 2022, 03:11:47 pm »
If you believe housing is a right, it does become a federal issue.

Personally I'm mixed on that but I'm just playing devil's advocate of when/why housing becomes a federal issue.


Offline BC_cheque

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Re: Real Estate Culture
« Reply #53 on: April 15, 2022, 03:18:40 pm »
Yeah, I like her.  A reasonable conservative for sure.

If housing was about homes they wouldn't gripe about "demand" - which conflates buying as a home with buying as an investment regardless of use.

One party is talking about stopping this - the NDP.

And a ton of the conservative populist convoy people are PISSED about housing btw.  I'm with them.

Growing up, investment property was for the lowly. Having to deal with home improvements and tenants instead of passive income like owning stocks was frowned upon
 
Those days are long gone and owning investment property is a sign that you have arrived. I don't think we'll ever get back to the old mentality, homes for investments are here to stay, NDP be damned.

Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #54 on: April 15, 2022, 04:06:24 pm »
If you believe housing is a right, it does become a federal issue.

Personally I'm mixed on that but I'm just playing devil's advocate of when/why housing becomes a federal issue.

Believing itís a right is not enough.  It needs to be affirmed by the courts and/or parliament.   

It hasnít been affirmed as a right.
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Offline BC_cheque

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Re: Real Estate Culture
« Reply #55 on: April 15, 2022, 04:47:32 pm »
Believing itís a right is not enough.  It needs to be affirmed by the courts and/or parliament.   

It hasnít been affirmed as a right.

Canada is signatory to International Covenant on Economic, Social and Cultural Rights which does recongise housing as right and early in his first term Trudau affirmed the commitment (even if it's not in constitutional right).

I think it becomes a murkier issue what 'housing' is. Is it the right to live within four walls and not on the street or being able to afford a four bedroom house and den within an hours drive of a major city?

Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #56 on: April 15, 2022, 05:42:10 pm »
Canada is signatory to International Covenant on Economic, Social and Cultural Rights which does recongise housing as right and early in his first term Trudau affirmed the commitment (even if it's not in constitutional right).

I think it becomes a murkier issue what 'housing' is. Is it the right to live within four walls and not on the street or being able to afford a four bedroom house and den within an hours drive of a major city?

Itís not a right unless itís in law and been upheld by courts.  Trudeau signing something may be aspirational, but itís  not a right. 

Clearly, no one has any right to a home in Canada.  If youíre homeless, there may be shelters and such, but the government isnít even obligated to house you in any way. 
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Offline Bubbermiley

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Re: Real Estate Culture
« Reply #57 on: July 13, 2022, 12:27:12 pm »
So my rate is going up to 1.65% variable ... but to look in for 5 years is 3.49%??🤔

Why would I ever lock in ?
Have subsequent events answered your question?
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Offline MH

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Re: Real Estate Culture
« Reply #58 on: July 13, 2022, 12:57:15 pm »
Have subsequent events answered your question?

Yep.  I locked in a few months back btw...
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