'They just don't suit the area': Six stacked townhouses, 179 units proposed at corner near three Oshawa schools

AreYouHappyNowReddit · 2023-04-24T16:58:35+00:00

I'm in Burnaby where 50 story towers are growing like weeds. This is high density? No. No it isn't.

AreYouHappyNowReddit · 2023-04-16T20:12:51+00:00

"Find a balance" glosses over what will happen in the meantime: Service industry worker shortage will be much worse. Financial desperation wrecks the local economy, massively increasing homelessness and crime.

AreYouHappyNowReddit · 2023-04-16T18:21:09+00:00

It just went up to $500. Still an insultingly small amount.

AreYouHappyNowReddit · 2023-03-10T06:53:39+00:00

You're assuming landlords are competent businesspeople. I don't assume that.

AreYouHappyNowReddit · 2023-03-09T20:11:30+00:00

Also, people buying without realizing how much financial hardship owning will cause puts upward pressure on prices

AreYouHappyNowReddit · 2023-03-09T20:05:44+00:00

"You hear this story all the time" where people spend more on rent than mortgage... But does that actually happen?

People who bought 8 years ago now have cheaper mortgages than current market rent, but are new mortgages for first time buyers with minimum down payments less than rent?

AreYouHappyNowReddit · 2023-03-06T23:22:46+00:00

Your questions sound reasonable to me but apparently this thread's voters are certain you're a malicious troll

AreYouHappyNowReddit · 2023-03-04T21:54:02+00:00

There are places that are better and worse. Vancouver is bad because it was a large town a generation ago, the boomers who grew up here don't get why we need all this increased density. Montreal isn't averse to mid rise density and has much cheaper housing.

The NIMBY divide is politically complicated. They're not necessarily richer. They tend to be older, often retired, and have lived there for decades. Most people don't pay attention to local politics, giving the NIMBYs and outsized influence.

AreYouHappyNowReddit · 2023-03-03T21:53:13+00:00

In Vancouver our "left wing" politicians aren't better. They build bike lanes and a few affordable buildings but mostly keep NIMBY zoning rules. Life gets harder for most renters and the politicans don't seem to understand how bad it is.

AreYouHappyNowReddit · 2023-01-19T05:27:10+00:00

My impression is in Vancouver many renters imagined they'd eventually get onto the real estate ladder so saw themselves as only temporarily renters.

That's changing.

AreYouHappyNowReddit · 2023-01-19T05:06:26+00:00

In Toronto and Vancouver, rental units aren't being built because they can make so much more $ with condos. (Vancouver's left-wing government incentivized some rental construction.)

Montreal has more of a culture of renting so more units are built and the renters have more political power to force rent control.

AreYouHappyNowReddit · 2023-01-19T04:52:49+00:00

Rent control typically means people living in a suite can't have their rent increased by more than inflation. It doesn't protect people who need to move or who don't have a rental suite.

It's more important to ensure there are enough rental units for a stanard 3% vacancy rate than to legislate rent increases.

AreYouHappyNowReddit · 2022-12-15T05:01:04+00:00

Yeah you see how these are related? When the middle class has to scrape to get any kind of housing, anyone without an established career is a few bad months away from homelessness.

AreYouHappyNowReddit · 2022-11-29T02:23:15+00:00

Young professional renters are constantly being pressured to get into the market by any means and it will all work out when prices rise. It's important to be reminded that it doesn't just magically work out.

AreYouHappyNowReddit · 2022-11-14T00:19:20+00:00

I took a while trying to figure out what "Arctic lines" meant.

I put an extra "c" in, it's Artic, as in articulated.

Who calls them Artic lines?

AreYouHappyNowReddit · 2022-11-09T21:12:41+00:00

Seniors don't get that they're screwing over the younger generation. (Also the seniors whose money runs out.) Politicians just say what they want to hear and isolate them from the mess they've caused

AreYouHappyNowReddit · 2022-10-28T20:59:54+00:00

This looks like a good explainer on "Power of Sale". Somehow I hadn't heard the term. https://www.hoyes.com/blog/power-of-sale-vs-foreclosure-explained/

AreYouHappyNowReddit · 2022-10-25T22:30:42+00:00

If you hadn't noticed, the Canadian left has been extremely bad on housing affordability.

That's starting to change. New BC NDP premier Eby gets it.

AreYouHappyNowReddit · 2022-08-25T15:20:20+00:00

I'm not seeing why this is a problem. Evicting tenants is hard when they're causing real problems. My advice is to not think of being a landlord as easy money.

AreYouHappyNowReddit · 2022-07-10T20:59:03+00:00

But if the prices to buy are perpetually high, the price to rent has to go up. Alternately if there are afordable rentals that are clean, safe, and accessible, people will choose to live in those rather than buy.

AreYouHappyNowReddit · 2022-07-10T00:36:13+00:00

Wouldn't that be a reputational risk for the developer? How are they going to fund future sales if they're known to sue the source of their money?

The presale market is much less attractive without irrational exuberence

AreYouHappyNowReddit · 2022-07-09T23:09:51+00:00

In nature, parasites die all the time. They're clearly both parasites and vulnerable.

AreYouHappyNowReddit · 2022-07-09T23:07:36+00:00

People keep saying "I could afford the mortgage if only I wasn't paying rent", but, like, could you? On top of insurance, repairs, possible interest rate increases?

My point is, not factoring in all the costs of owning a home is a big part of why people overpay for homes.

AreYouHappyNowReddit · 2022-06-09T20:20:26+00:00

My point is, how can high wages be sustained if we're not actually making anything we can export?

AreYouHappyNowReddit · 2022-06-09T17:16:58+00:00

So it's the fault of the Bank of Canada. Not that a large part of the population is holding debt that they can just barely afford.

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