Author Topic: Real Estate Culture  (Read 227 times)

0 Members and 0 Guests are viewing this topic.

Offline MH

  • Full Member
  • ***
  • Posts: 9057

Share on Facebook Share on Twitter


Offline bcsapper

  • Full Member
  • ***
  • Posts: 1465
Re: Real Estate Culture
« Reply #1 on: August 26, 2021, 04:33:23 pm »
Semi-Detached. 

I wouldn't pay half a million quid to have to rely on my neighbours to be quiet.
Time for bed said Zebedee...

Offline BC_cheque

  • Full Member
  • ***
  • Posts: 1468
Re: Real Estate Culture
« Reply #2 on: August 29, 2021, 05:34:59 pm »
My childhood kitchen in the late 70's was all stainless steel like that.  Not a fan really, it looks so sterile. 
Agree Agree x 1 View List

Offline kimmy

  • Full Member
  • ***
  • Posts: 4405
  • Location: Kim City BC
Re: Real Estate Culture
« Reply #3 on: August 30, 2021, 11:38:19 pm »
Just 10 years ago I was able to buy a 700 sq ft apartment, and I was not exactly wealthy.  Today my place is worth almost double what I paid for it, and I'm locked in to a long term fixed rate mortgage at a ridiculously low interest rate.

I can't imagine how completely screwed I would be if I hadn't bought when I did. 

Those are my thoughts on real estate culture.

 -k
Masked for your safety.
Like Like x 2 View List

Offline Black Dog

  • Sr. Member
  • ****
  • Posts: 778
  • Location: Deathbridge
Re: Real Estate Culture
« Reply #4 on: August 31, 2021, 11:41:41 am »
Is that Patrick Bateman's kitchen?
Creative Creative x 1 View List

Offline Gorgeous Graham

  • Full Member
  • ***
  • Posts: 6376
Re: Real Estate Culture
« Reply #5 on: August 31, 2021, 08:23:55 pm »
https://www.rightmove.co.uk/properties/104968019#/media?channel=RES_BUY&id=media0

This place ?

The pure white carpet and furniture won't age well.  That's a weird place.
I can tell how good of a person you are by how you treat the people you disagree with.
Agree Agree x 1 View List

Offline MH

  • Full Member
  • ***
  • Posts: 9057
Re: Real Estate Culture
« Reply #6 on: September 02, 2021, 03:25:00 pm »
The pure white carpet and furniture won't age well.  That's a weird place.

Funny Funny x 1 Love Love x 1 View List

Offline Gorgeous Graham

  • Full Member
  • ***
  • Posts: 6376
Re: Real Estate Culture
« Reply #7 on: September 14, 2021, 03:11:42 pm »
I have a recent theory that the housing affordability crisis may actually sort itself out, and it may benefit the country.  Reasoning:

Much of Canada's population growth is due to immigration.  Most immigrants go to the big cities.  This has meant small towns are in the process of dying, the whities living there haven't replaced themselves with enough children, and when the boomers are dead the populations of these smaller towns will shrink.  If housing is unaffordable in the big and medium sized cities, immigrants and others will start moving to smaller towns and cities where housing is more affordable, especially with remote work becoming the new thing.

Doesn't mean there aren't some things the gov can fix, like foreign ownership and overall speculation, but maybe the market will largely sort things out.
I can tell how good of a person you are by how you treat the people you disagree with.
Optimistic Optimistic x 1 View List

Offline BC_cheque

  • Full Member
  • ***
  • Posts: 1468
Re: Real Estate Culture
« Reply #8 on: September 14, 2021, 04:39:49 pm »
I think it'll be just as bad in smaller cities.  They already are unaffordable and with more demand, the prices will increase even more.  I've given up on the idea of a correction, the laws of economics are completely gone when it comes to real estate.

The millenials can cry about boomers (and the lucky x'ers) who got to buy real estate, but zoomers and alpha will have it even worse.  At least millenials got to experience what job market is like. 

By the time my kids are grown up most jobs will be automated AND there will be no housing. 




Offline MH

  • Full Member
  • ***
  • Posts: 9057
Re: Real Estate Culture
« Reply #9 on: September 14, 2021, 06:00:40 pm »
Enter Marxism

Offline Mr. Perfect

  • Full Member
  • ***
  • Posts: 4333
Re: Real Estate Culture
« Reply #10 on: September 14, 2021, 08:59:05 pm »
Enter Marxism

Nonsense.

Enter things like rent controls, foreign buyers tax, speculation tax, etc.

Idiot Conservatives approach Iíve heard is using land owned by the feds to build more houses, as if Canada has a lack of land available to build on.

Offline MH

  • Full Member
  • ***
  • Posts: 9057
Re: Real Estate Culture
« Reply #11 on: September 14, 2021, 09:06:04 pm »
Nonsense.

Enter things like rent controls, foreign buyers tax, speculation tax, etc.

Idiot Conservatives approach Iíve heard is using land owned by the feds to build more houses, as if Canada has a lack of land available to build on.

Sure maybe.  But the things you are talking about are more medium term.

Total automation means the end of work and drastic social change will be needed.  If you think about the social changes between pre-industrial times and industrial times - like that.

Also by that time world depopulation will be in sight also.

Lots of things  coming...

Offline kimmy

  • Full Member
  • ***
  • Posts: 4405
  • Location: Kim City BC
Re: Real Estate Culture
« Reply #12 on: September 14, 2021, 11:45:26 pm »
I think it'll be just as bad in smaller cities.  They already are unaffordable and with more demand, the prices will increase even more.  I've given up on the idea of a correction, the laws of economics are completely gone when it comes to real estate.

The millenials can cry about boomers (and the lucky x'ers) who got to buy real estate, but zoomers and alpha will have it even worse.  At least millenials got to experience what job market is like. 

Things are fantastic for people who were able to buy in at the right time. Even me, I bought here 10 years ago, my "net worth" has gone up by 6 figures just because I was able to buy in before housing prices went insane.  At the time, I was guided more or less by some advice from a member here-- "msj"-- who said that buying didn't necessarily make sense unless rents were high relative to mortgages. Well, in 2011 housing prices were down (in the aftermath of the 2008 housing bubble) so the rent vs mortgage calculus made sense. I bought in. At the time, it seemed to be slightly in my favor because I had the means to do it and the economics were favorable.  In the time since, it has been pretty much a windfall.  Home sales prices have gone through the roof, while the cost of actually financing my purchase has decreased significantly.  I renewed my mortgage in 2016 at a lower rate than I initially borrowed at.  In 2020 I renewed my mortgage again at an even lower rate... during the Covid response/recovery phase, financing was as close to free as we'll ever see, and I was positioned to take advantage.


I arrived in Kim City in 2007 with little more than the clothes on my back and a persnickety cat.  Just a few years later I was able to buy a condo. And in the 10 years since I bought, my property has doubled in value and I'm half-way to being a millionaire.  And as much as I would love to be able to say it's because I'm a brilliant person and was able to "pull myself up by the bootstraps" and similar BS, that's all a load of dogshit.  It's not because I'm brilliant, it's not because I did anything particularly smart, it's all because I was in the right place at the right time.

And I think that everybody my age or older was "at the right place at the right time", and I think that everybody younger than me was "at the wrong time" whichever place they happened to be in. And that's why I have a deep anxiety for young people today who are preparing themselves for a place in this world.  I feel guilty even talking about this, because for me personally the best possible thing would be for things to continue exactly as they are. I bought in soon enough, I got mine, and the best possible outcome would be for this disaster to just keep on going the way it is until I cash out.  It makes me feel guilty to know that the best possible thing for me, personally, would be for this socially destructive insanity to just keep going on the way it is.

By the time my kids are grown up most jobs will be automated AND there will be no housing.

By the time your kids are old enough to work, most jobs available for young humans will be "gig economy" jobs. Deliver 12 Amazon packages for $1 apiece, or whatever the going rate is. Deliver 5 SkipTheDishes meals for $2 apiece or whatever the going rate is.  Sell 6 pictures of your snatch or your anus this month on OnlyFans for $6 apiece or whatever the going rate is. We are witnessing the destruction of the labor market.

 -k
Masked for your safety.
Like Like x 1 View List

Offline MH

  • Full Member
  • ***
  • Posts: 9057
Re: Real Estate Culture
« Reply #13 on: September 15, 2021, 05:55:12 am »
And as such, and as such it is not sustainable.

You can't keep giving the economic gains from all of this to a tiny minority of investors.  And probably not in the Democratic West.

Offline BC_cheque

  • Full Member
  • ***
  • Posts: 1468
Re: Real Estate Culture
« Reply #14 on: September 16, 2021, 12:20:54 am »
I feel guilty even talking about this, because for me personally the best possible thing would be for things to continue exactly as they are. I bought in soon enough, I got mine, and the best possible outcome would be for this disaster to just keep on going the way it is until I cash out.  It makes me feel guilty to know that the best possible thing for me, personally, would be for this socially destructive insanity to just keep going on the way it is.

By the time your kids are old enough to work, most jobs available for young humans will be "gig economy" jobs. Deliver 12 Amazon packages for $1 apiece, or whatever the going rate is. Deliver 5 SkipTheDishes meals for $2 apiece or whatever the going rate is.  Sell 6 pictures of your snatch or your anus this month on OnlyFans for $6 apiece or whatever the going rate is. We are witnessing the destruction of the labor market.

 -k

I probably would have the same internal conflict if I didn't have kids.  It's different though when you know your kids are screwed, they are an extension of me. 

If it were other people's kids, I'd probably be equal parts meh and guilt.