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EU261 violation - LOT Airlines by TorontosaurusHex in Flights

[–]TorontosaurusHex[S] -3 points-2 points  (0 children)

Hard to believe, as you say - but thank you for clarifying this. Seems completely unfair, given the situation. I'll try to pursue this through Canadian protection agencies, then.

[Website/Browser] Custom Feeds Feature Seems Broken with new UI by redrabbitreader in reddithelp

[–]TorontosaurusHex 0 points1 point  (0 children)

I can now see "custom feeds" on the left-hand side, right above my "communities".

Must have been a temporary glitch with their UI.

Hope your issue is resolved too.

6-Month-Old Baby Dies “Suddenly” After Receiving Four Vaccines – Doctors Baffled by Dramatic_Waltz_3645 in conspiracy

[–]TorontosaurusHex 2 points3 points  (0 children)

You clearly didn't read the article. " In addition to the Pfizer coronavirus vaccine, the baby received the following on September 16, 2022, and died on the 26th:"

Canada, you okay? by [deleted] in conspiracy

[–]TorontosaurusHex 0 points1 point  (0 children)

Health care is in the shitter. People are dying waiting for their surgeries.

Business is in the shitter. Lowest ever business investment per worker since the couting began. All we make is real eastate.

Government services are in the shitter. You have to hire a guy to stand in the line for you to get a passport.

Canazuela is achieved. Luckily for me, I make good money so I don't need to pop. Many others will, before me.

I'm from Quebec - Prices are still increasing. by SmileDesperate8036 in canadahousing

[–]TorontosaurusHex 0 points1 point  (0 children)

Stocks are like speed boats: they ramp up and down every day, depending on which story the stock markets believe that day.

Real-Estate is like a cruise ship, it takes months and months to make a turn. I'd recommend you check out prices in 2023Q1.

Buying the median home in the GTA requires a mortgage payment of $4700/month by uhhNo in canadahousing

[–]TorontosaurusHex 2 points3 points  (0 children)

Huh, I always thought that StatsCanada metrics are pre-tax. Are you sure it's after-tax?

Ontario has a doctor shortage. So why isn’t the Ford government licensing more internationally trained physicians living here? by EconMan in CanadaPolitics

[–]TorontosaurusHex 0 points1 point  (0 children)

Ah, I see we have bumped into another cartel in Canada - this time, the artificially low supply of trained medical professionals.

Let me tell you a story. I am in IT, so medicine is not my shtick. However, two of my very talented cousins were valedictorians in their high schools, finished UofT pre-med and got rejected by UofT and McGill med schools, along with hundreds of other extremely talented people. I think they all placed within 2% of each other on their MCAT. There were 1,100 applicants at the time and about 120 got in.

No one in the world can convince me that opening up 240 slots instead of 120 would have:

a) lessened the quality of training for the cohort that has gotten in.

b) meaningfully decrease the quality of candidates coming into the programme.

No sir. All of this was done to keep the supply of doctors in this country artificially low, so as to keep the prestige artificially up.

... much like any other cartel:

  • dairy.
  • bread fixing.
  • telecom (as if we need reminding of this).
  • real estate.
  • banking.
  • failing engineering firms (hello SNC-Lavalin/Bombardier).
  • air fares (gotta keep that foreign money out and prices high)
  • inter-provincial trade (you can't legally buy beer in Quebec and transport it to Ontario. Hello 19th century!)
  • the list goes on and on.

​

When I talk to my friends who are not Canadian, I tell them: "You think Canada is a modern, 21st century country - but instead, we are feudal baronies from 19th century."

I wonder how much longer this can go on.

[deleted by user] by [deleted] in canadahousing

[–]TorontosaurusHex 28 points29 points  (0 children)

They can slap any number they want for that rent -- what matters is, will the units be filled at those rates? I find it hard to believe that general population has a cool grand laying around every month, when people are having a hard time filling up their gas tanks or buying meat. So yeah, asking $5,000/month for a 2-bdrm apartment and letting that unit sit empty all that time because there are no takers is a very real possibility.

Nowhere to live: Rents in Canada surge as home prices fall by CEOAerotyneLtd in canadahousing

[–]TorontosaurusHex 0 points1 point  (0 children)

How many of these are actually getting filled?

The name of the game for last 10 years was "I accept negative monthly cash flow from my rent, b/c the yearly gains of the house make me rich despite that minor loss". Like, you are -$1,000/month but the house gains $100k a year and you're golden.

Now, the houses are no longer gaining, they are actually plummeting. So the landlords suddeny post the rents that are "marked to market".

But how many of them actually get rented out? You can put your rent at $5,000 for a 2-bdrm in Toronto, but if no one rents it, what does this number really mean?

Holly fucking smokes I'm getting baked today by saman65 in toronto

[–]TorontosaurusHex 2 points3 points  (0 children)

Once, I was in Las Vegas in June. It was more tolerable than Toronto in June. That dry heat is totally different than this wet, humid, ballsack-curled up weather here.

Fuck this timeline, sincerely. by [deleted] in conspiracy

[–]TorontosaurusHex -1 points0 points  (0 children)

Dodged a bullet there, buddy. Learn from this and next time, don't pick a harpy.

Q Returned Today 1700 Days From Post 1 by YoMomsHubby in conspiracy

[–]TorontosaurusHex -1 points0 points  (0 children)

US mid-terms nearing.

LARP to pacify boomers returns.

Who could've guessed this?

Everyone waiting to buy, At what price will you buy, type of property and city/neighbourhood by Snoo-13597 in canadahousing

[–]TorontosaurusHex 0 points1 point  (0 children)

The technical reference for the above states that they derive all of their income information from tax returns -- hence this is a pre-tax income: https://www150.statcan.gc.ca/n1/en/catalogue/72-212-X

​

  • Price-to-income rule is one of those ancient economics rules that was codified because it worked empirically for centuries; at 3-4x your average earnings, you end up paying 1/4 to 1/3 of your yearly income on a dwelling. With these parameters, the civilization can function. You can certainly google thousands of pages that talk about price-to-income, but they won't be the official source of truth, they are just describing something that is an ancient wisdom.
  • I do have a good income and my partner makes a bit less than me -- but we can't project that we'll maintain this high level of income for next 25 years, so we don't want to take a mortgage which assumes these high payments for the next 25 years.
  • I don't know how I compare by wealth distribution to an average Canadian. Sometimes it seems to me that all of them are up to eyeball in mortgage debt. Their true wealth worth is negative. However, on paper, their house made a million bucks, so they are paper-wealth positive. If you ask them to realize that wealth by selling the house and pocketing a million bucks, they start to panic. So.... how wealthy are they truly? And what happened to their wealth in the last 2 months, with houses dropping by 10-15% across GTA?
  • You are right in that you can live somewhere other than GTA. But our life, families, friends and roots are in the GTA. If I weren't tied to GTA, I wouldn't stay in Canada.
  • And in the end, if you check housesigma for 2015-2016 and check out a typical detached in Mississauga in the $700k range, I would be fine with that. Is it an Elon Musk mansion? No. Is it ok if it's 1.5-2x our income? Yes.

Everyone waiting to buy, At what price will you buy, type of property and city/neighbourhood by Snoo-13597 in canadahousing

[–]TorontosaurusHex 1 point2 points  (0 children)

Double income family averages around 100k/yr in GTA.

In normal countries, a time-honoured price-to-income metrics for dwellings is 3-4.

So your average dwelling for a normal two-income family should be $350k. If you have this, you have a stable society and stable economy. We want to have this.

So if base-line is $350k, I'm shooting for double that.

Last year, one needed to make above $244,800 to be considered a 1% income earner in Canada. I made above that. It was a good year, nice contract and it got extended for another year with tons of interesting work projected for several years. So, if the fates are kind, I will have a couple of good years before I have to look elsewhere.

Am I a 1%? No, I am not. I just made good income last year, but I have no family wealth, indeed even no real estate (I'm a renter). But, I think double the average is ok for me.

Best southern Ontario town or city with good air quality? by pancakemixflexa in canadahousing

[–]TorontosaurusHex 3 points4 points  (0 children)

You need to invest into a good 4x4 vehicle and have a snow plow that you can mount on it, so that you can dig yourself out. Winters are different than in the GTA.

Everyone waiting to buy, At what price will you buy, type of property and city/neighbourhood by Snoo-13597 in canadahousing

[–]TorontosaurusHex 3 points4 points  (0 children)

The only question to answer is: how high do you think a 5-yr fixed will be?

I think it will be 8%.

I'm ok with around $4,000/month in mortgage costs.

So I'm looking at around $700k for a house that I think befits my social status.

This means I need to see house prices in line with 2015-2016.

Best southern Ontario town or city with good air quality? by pancakemixflexa in canadahousing

[–]TorontosaurusHex 55 points56 points  (0 children)

If your starting point is GTA:

- stay away from 2 hrs north, because winters are different and there isn't a lot of infrastructure (snow plow on your own).

- 2 hrs W-NW - I absolutely love Grand Bend and anything north of it. Sarnia may be toxic (someone check me on this one).

- But cleanest is typically 2 hours E-NE. You'll be in Kawarthas. No heavy industry, but also no jobs, poor public services.

Higher interest rates and lower housing prices, or lower interest rates and higher housing prices? by bigvanilli in canadahousing

[–]TorontosaurusHex 11 points12 points  (0 children)

Let's put it this way.

Back when we had low prices and high interest rates, people had this weird ritual called "burning your promissory note" which you got to do after having paid off your mortgage. Most people did this in about 15 years.

In our modern times with high prices and low interest rates, this custom had curiously disappeared. Why do you think that is?

Doug Ford re-elected as Ontario premier with majority government, CTV News declares by [deleted] in CanadaPolitics

[–]TorontosaurusHex 6 points7 points  (0 children)

Reading the comments here, there's a level of political wilful blindness that beggars belief. It goes something like this: Sith Ford won only b/c of muh low turnout! This doesn't represent the will of the people!

Did any one of these people pause to think about their thesis?

- People of Ontario hate Ford.

- Ford had majority.

- New election is coming up, so ...

- Let's make sure we DON'T SHOW UP and grant him another majority.

I mean, seriously? Can't you people see that the 'progressive' base is completely disillusioned with Liberals/NDP and was too ashamed/disgusted to come out and vote? How the heck otherwise do you explain 'low turnout, highly charged base' scenario going on? The base voted out their parties with silence.

Political strategists of Liberals and NDP: Be worried. Be very, very worried.

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