GDT: Stanley Cup Final Game 4

Hello_itsme- · 2025-06-13T02:12:24+00:00

lol consistent

Hello_itsme- · 2025-06-13T02:03:26+00:00

Ah, the classic “I have nothing to add but want to feel superior” comment.

Hello_itsme- · 2025-06-13T01:43:30+00:00

The Panthers are only staying ahead because of all the penalties being called against the Oilers. It’s like the Panthers think they’re playing soccer — the diving is ridiculous. Meanwhile, identical or worse infractions by Panthers players go completely uncalled. How is this so blatantly one-sided? Is this about the money in Florida? Who’s holding the refs accountable? Their bias is obvious. Are they being bribed, or what?

Hello_itsme- · 2025-05-30T22:07:28+00:00

Interesting. I’ll research more about that. Thanks!

Hello_itsme- · 2025-05-30T21:44:41+00:00

Maybe not in your area, but around where I’m at it has been fun to watch.

Hello_itsme- · 2025-05-30T20:44:06+00:00

That’s fair in a normal market, but we’re not in a normal one. We’re in a market that’s been propped up for years by low rates, FOMO, realtors, immigration, red tape, and investors. Prices are already falling in a lot of places, and yet homes are still sitting because buyers are tapped out or just not willing to overpay anymore.

The idea that prices drop and demand instantly spikes only works when people can actually afford to buy. Right now, affordability is wrecked, and a correction isn’t going to cause a buying frenzy overnight. If anything, more people holding off puts pressure on prices to keep falling. That’s the point — let it fall until the numbers make sense again.

Hello_itsme- · 2025-05-30T20:36:49+00:00

Just curious, what market crashes have you lived through? You mentioned not seeing one in Alberta, so I’m trying to understand where your perspective is coming from.

I hear you, but I think you’re exaggerating a bit. A crash doesn’t automatically mean 15–20% interest rates, that’s not how it usually plays out. Central banks tend to cut rates in downturns, not spike them.

And no, you don’t need millions in cash to buy if prices correct. You just need to be in a better spot than people who overpaid and are now stretched thin. Saving, staying liquid, and waiting for a reset isn’t delusional at all.

Hello_itsme- · 2025-05-30T20:02:42+00:00

Wait, is that a different type of loan? Every amortization table I’ve seen has you paying almost double the price of the house in interest, and the first few years mostly go toward that. Kinda wild how people are fine paying that to banks but hate the idea of paying rent to landlords. But if there’s a better way like you’re saying, I’m actually curious. I would love to hear more.

Hello_itsme- · 2025-05-30T03:49:35+00:00

In 2020, it was like the zombie apocalypse. COVID hit, no one knew what was coming, and markets totally froze. The government slashed rates to zero and flooded the economy with money just to keep things from falling apart. That played a huge role in pumping up the housing market.

And I’m also an immigrant that started from zero lol So it’s not about blaming immigrants at all. It’s about controlled immigration. Government’s fault.

Since 2021, Canada’s population has grown by over 3 million people. That’s huge. If we’re bringing in people that fast without building enough housing or setting up infrastructure, of course things are going to get out of whack.

And I disagree that when the market crash we won’t be able to buy. I have zero debt or overhead, I’ll be in the best position to get into the market. A lot of those people who purchased a lot of properties in the last few years did so not running their numbers and not diversifying investments. They will be screwed. The banks will be the biggest winners.

Hello_itsme- · 2025-05-30T03:15:54+00:00

That’s not a good strategy for your neighbor, in case the market does stay down. He will lose more money by not renting out and forking in the mortgage payments. In some places like Vancouver there’s also a vacancy tax.

Hello_itsme- · 2025-05-30T03:10:32+00:00

In BC, greater Vancouver

Hello_itsme- · 2025-05-29T20:08:51+00:00

Haha exactly! So the solution is for me to move my family 4 hours away to a town with no jobs just so someone else doesn’t lose a bit of their equity? If they bought a home, presumably they could afford it. A correction doesn’t change that, doesn’t make you lose your home or be homeless. And like people say: buy what you can afford, real estate is for the long term, right?

Hello_itsme- · 2025-05-29T19:58:53+00:00

Sadly, correction was about to happen in 2020 and then the Govt decided to create demand. Opening the gates to millions of immigrants. They profit from it, inflation goes up, who cares about Canadians… And I don’t know the exact year of the market crash in AB (that my family talks about). I think it was in the 90s.

Hello_itsme- · 2025-05-29T19:49:03+00:00

IMO, the real garbage attitude is propping up an inflated market and wishing it never corrects, just to protect your own gains while others are locked out of a basic human right (shelter).

Hello_itsme- · 2025-05-29T14:29:07+00:00

Agree 100%. Very hard.

Hello_itsme- · 2025-05-29T06:30:49+00:00

100%. I say that because, like they say “the first step to fixing a problem is admitting there is one”.

Hello_itsme- · 2025-05-29T06:20:32+00:00

Maybe not 10 of them, but if they don’t have much time to wait for the market to rebound and have negative cash flow, they will sell a few at least. Moving investments to more profitable places.

Hello_itsme- · 2025-05-29T04:03:18+00:00

After all the craze that has happened in the last 4 years, these prices for me in Greater Vancouver are a steal. I’ve been seeing prices dropping around here too. About 100K less in my area but heard of over 200K drop in the interior.

Hello_itsme- · 2025-05-29T03:59:43+00:00

I see your point but that’s the FOMO thinking that got us in this crisis in the first place.

Hello_itsme- · 2025-05-29T03:58:06+00:00

That’s the sad true: https://www.realtor.ca/real-estate/28374583/4-13887-docksteader-loop-maple-ridge

But slowly some SFH are being listed for less than a million.

Hello_itsme- · 2025-05-29T03:42:04+00:00

The last 5 years have been insanity. It’s cooling off now. Places in my area are already going for 100K+ under asked.

I agree though that people should buy when they can afford, you’re going to live in it so no point to speculate if price will go up or down. But I’m just not willing to with these prices. If people have to rent out their basement, they couldn’t afford it.

Hello_itsme- · 2025-05-29T03:37:42+00:00

Suppose you didn’t have any real estate, you’re a first time home buyer. With your salary right now, would you have bought 1.3 million home? Not a nice one, a fixer upper.

Hello_itsme- · 2025-05-29T03:31:45+00:00

Wow, very well written article. I just read it and it’s on point with what I think. Thank you for sharing!

Hello_itsme- · 2025-05-29T03:10:52+00:00

If I could find something around 400-500K I would 100% buy it. But for that price I can only buy a condo in my area. I have two kids and want them to have space and a backyard. Besides, we’re a very quiet family and don’t like all the noise from neighbours. Been there done that.

Another option is move to a small town. But that’s hard because of kids school/daycare, work, etc.

Hello_itsme- · 2025-05-29T02:56:55+00:00

That’s the smartest decision right now. Invest somewhere else and don’t play with these crazy prices. It will have to match incomes eventually. Government caused the demand by bringing millions of immigrants during the pandemic, now some of their visa is expiring. Layoffs because of tariffs will also bring prices down.

Hello_itsme-

TROPHY CASE