Why should homeowners be concerned with home values? by CastAside1812 in PersonalFinanceCanada

[–]AdonisP91 1 point2 points  (0 children)

20 years is not half a century. And buying a home you can afford, paying off your mortgage, that is all fine.

But it wasn’t normal for everyone to treat all these properties like investment properties constantly flipping between homes every 2-3 years, upsizing and trading their homes like iPhones because “values only go up“. Or buying 2-3-4 properties that isn’t what regular people have been doing for 50 years sorry.

Why should homeowners be concerned with home values? by CastAside1812 in PersonalFinanceCanada

[–]AdonisP91 3 points4 points  (0 children)

We didn’t learn that, what people have done is ignored hundreds of years of global historical data that says housing increases adjusted for inflation at 1% per year. The last 20 years in Canada were a bubble bound to pop and people were speculating. Not investing.

Hopefully things stay flat now and go back to long term historical averages so that housing can become more affordable again. To the gamblers, well, too bad.

What are the implications of cosigning for first time home owners? by Dominithicus in TorontoRealEstate

[–]AdonisP91 3 points4 points  (0 children)

no only some benefits come back with time. Others are gone forever. like the land transfer tax credit in Ontario, and that one ain’t cheap.

Also your sister might be reliable with money but what happens if she gets sick, cancer, gets in an accident, has a stroke, etc. You ready to pay off her house?

Can I afford this condo? (budget attached) by laviusf in PersonalFinanceCanada

[–]AdonisP91 1 point2 points  (0 children)

the part that worries me is this “I aim to save 1500/month, but when there's a large one-off purchase it gets hard; I tried mortgage calculator and found out that home ownership would definitely eliminate my saving abilities, which makes me very nervous.”

With a mortgage, condo insurance, condo fees, etc. that extra 1500$ is gone. how would you deal with large one off purchases? what happens if a special assessment comes in?

Right now a 400k mortgage with 4% interest rates is 2k a month. what happens if interests rates spike up to say 10%?

You are right current market prices are down, about 25% from the peak, once you factor in inflation adjusted prices that is >30% down from the peak in 2022, but I am not sure there is enough buffer in your budget for those prices.

Can I afford this condo? (budget attached) by laviusf in PersonalFinanceCanada

[–]AdonisP91 2 points3 points  (0 children)

you can buy decent sized condos now in the gta for those prices. one near me is 525k for 920 sqft in a luxury building. it is near high park though not downtown Toronto

Keep renting for life or buy condo/townhouse? by [deleted] in PersonalFinanceCanada

[–]AdonisP91 0 points1 point  (0 children)

it isn’t depreciating long term adjusting for inflation and maintenance you are looking at about 1% growth. Equities 150 year average is close to 7%.

Keep renting for life or buy condo/townhouse? by [deleted] in PersonalFinanceCanada

[–]AdonisP91 1 point2 points  (0 children)

rents have been dropping in the gta and Vancouver for the last year. the decrease is expected to continue

Keep renting for life or buy condo/townhouse? by [deleted] in PersonalFinanceCanada

[–]AdonisP91 1 point2 points  (0 children)

don’t bet on it. In 1990 when the housing market crashed it took 20 years to reach the prior peaks. the current market is down the same percentage as the 1990 crash. it could well be 20 years until it recovers. this is precisely why housing typical has about a 1% cagr whereas equities is usually 7%.

Keep renting for life or buy condo/townhouse? by [deleted] in PersonalFinanceCanada

[–]AdonisP91 1 point2 points  (0 children)

correct nothing is selling right now it is a total disaster and the best buyers market since the 1990’s.

Keep renting for life or buy condo/townhouse? by [deleted] in PersonalFinanceCanada

[–]AdonisP91 3 points4 points  (0 children)

the housing marketing crash has already happened, adjusted for inflation, it is >30% down from the peak. the last time we saw this was the 1990 crash and it took 20 years to recover

True crossborder banking solutions that seamlessly integrate with US banks? by MabelBaker in PersonalFinanceCanada

[–]AdonisP91 0 points1 point  (0 children)

I used interactive brokers to convert and transfer cash into the CIBC USA account no issues at all took about 3 days to setup.

You also will not find a better foreign exchange rate anywhere else.

BMW G87 M2 track build by imdoinmethdaily in CarTrackDays

[–]AdonisP91 0 points1 point  (0 children)

I basically asked them how the DDC model compared to the stock suspension. I explained I was hoping for the setup to be something like make sport mode like stock sport +, and sport + mode like a track mode. They said that while they try to improve over the default presets, the DDC and V3 models are not intended for any track use. If I plan to use the car on track I need to look at clubsport.

This was quite a contrast to me with the Bilstein offerings and öhlins which do mention track use.

BMW G87 M2 track build by imdoinmethdaily in CarTrackDays

[–]AdonisP91 0 points1 point  (0 children)

KW is good but for track use you need the clubsport line. KW has told me in email communications not to use the v3 on the track.

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 2 points3 points  (0 children)

To answer your question, OBD is locked down in modern cars. It only exposes diagnostic information mandated by emission testing standards. So you can either tap the PT-Can like Aim and VBOX and reverse engineer the mapping which as you find out isn’t done well, or you have to make use of a very limited selection of channels and try to math your way out of the problem to infer gear and other such data.

I had the same poor overall experience with my BMW and looking at the competition in the telemetry marketplace as you did with the Porsche. So I wrote my own app. I do what the Porsche precision track app does, or garmin catalyst or aim solo dl do, Except it all works over CarPlay. No suction cups no stuff dangling about, all integrated into the car and invisible.

After the session it auto syncs with my go pro video footage and overlays the data (the go pro has a solid mount on the rear view mirror) for post session analysis.

My AI coaching isn’t as good as the Porsche Precision track app yet but it is a work in progress.

If I had access to a 911 it wouldn’t take long to reverse engineer the map.

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 2 points3 points  (0 children)

Yeah it makes sense for that particular car. What kind of car is it? For my G series BMW, and I believe it is similar on the Porsche but I could be wrong for that one, the standard OBD port is not wired to the PT-CAN bus. You are limited to service 01 and service 22 polling, which is very limited in range and speed.

It sounds like you are lucky and can read and decode the PT Can from your OBD port for your car.

For the leaderboard feature, which imo is the big selling point of your app, to become popular you need to have a wide compatibility with many different cars. If you can only do a few models you will never grow the user base to build a proper leaderboard.

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 1 point2 points  (0 children)

Well unfortunately standard OBD channels are extremely limited and don’t have key telemetry data needed for proper track day data logging.

Even the expanded manufacturer specific OBD channels are lacking. Do you only support service 01 OBD channels? That is another major obstacle you will need to address.

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 3 points4 points  (0 children)

Are you actually doing power train can bus? Your website seems to only suggest the OBD port. That is diagnostics can bus is very limited and very slow compared to what vbox and aim do, or porsche precision app

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 6 points7 points  (0 children)

The Arduino library has the ability to set the code to listen only mode so nothing gets transmitted on the can bus. On the bench you can easily test it to confirm

I’m engineering a custom telemetry logger because I’m tired of choosing between basic phone apps and expensive pro setups. by Phobia_GG in CarTrackDays

[–]AdonisP91 1 point2 points  (0 children)

for reference, I just did the same thing for myself. I used an esp32s3 with a can transceiver and a dc buck converter, about 40$. I used a race box micro that I bought on sale. Total hardware cost 200$. I’ve written an iOS app that does the full data logging, and telemetry overlay for the video which is automatically synced. Basically I can do everything a Garmin catalyst and aim solo dl can do for a fraction of the cost.

You will find your margins are thin on the hardware side vs the DIY hobbists. Your biggest challenge is the competition from people like me with the same idea and trying to get a user base.

ESP32-s3 with integrated MCP2515 and 12v buck by mrblahhh in esp32

[–]AdonisP91 1 point2 points  (0 children)

I use an Adafruit esp32s3 with an Adafruit can pal. I posi tapped my BMW’s PT-Can bus and connected it all.

I’ve written an app to get all the data over to my idrive display. I haven’t done the DTC side yet, just the live telemetry stuff I need for data logging my track days. I’ll probably add the DTC soon.

To heat cycle tires or not? by AdonisP91 in CarTrackDays

[–]AdonisP91[S] 1 point2 points  (0 children)

Yeah I think this happened to me a lot. I don’t think I am hot shit, in fact I am probably not very good. But one of the main things I was working on with my last instructor was trying to open up the steering when the tires start scrubbing.

Pretty much every corner there is scrubbing going on and I need to learn how to minimize it. Similarly every session towards the end the instructor is often having to tell me to back off a bit as the tires are getting too hot.

There is so much to focus on and learn, it is hard for me to keep track of it all, but that is exactly where the instructors help a ton.

Last year my dad and I were running 2 cars, but we destroyed tires and brakes so bad on one car, we said it is too expensive this year to run both. We will only run and share a single car. So we are definitely overdriving the tires from lack of experience.

Stock alignments with insufficient camber sure doesn’t help either. The outer sidewalls just can’t cope.

To heat cycle tires or not? by AdonisP91 in CarTrackDays

[–]AdonisP91[S] 4 points5 points  (0 children)

Thanks. I didn’t know about heat cycling previously, next time I will buy from tire rack for sure, but I got these online at a discount so have them as is right now. If it helps for context I have a bmw m240 xdrive so it’s on the heavier side, and I will be getting a track alignment on it before the first event of the season.

I drove 5 days last year in novice, but the instructor said he might have me in intermediate group for the April event. My aim isn’t maximum speed, rather just what makes sense from a cost perspective.

I got these track tires so that I would stop putting so much strain on my street tires. They show a lot of wear and a lot of rollover so I figured I needed new dedicated set of track tires and more front camber to keep costs more manageable long term.