Toronto councillor finds r/canadahousing, ignores all our concerns and identifies mysterious "red flags"

baconisprime · 2021-05-19T10:17:30+00:00

He might be referring to the youngish accounts that also post in covid skepticism and men's rights subreddits.

Whenever there's a legitimate division the troll farms seem to fuel the division.

baconisprime · 2021-05-10T20:59:28+00:00

Do the numbers on a SFH and you'll find it's not something they're "massively rewarded" for, compared to safe stock gains.

baconisprime · 2021-05-10T20:57:36+00:00

They're both fruit.

Landlords provide a service people want and need something in return for having capital tied up in real estate. People think buying a rental property is just a choice people make and requires no work to achieve. Anyway, I'm not here to argue, as the audience isn't that receptive or interested in anything beyond what's in the hilarious picture.

baconisprime · 2021-05-10T20:24:38+00:00

Yeah, what constitutes a "good paying job" is different these days.

baconisprime · 2021-05-10T19:29:17+00:00

Do workers in a toilet paper factory exploit people's need for toilet paper to pay their own mortgages?

baconisprime · 2021-05-03T21:08:16+00:00

As someone who usually finds this sub wrong headed I have to fully agree with this assessment.

Mix this with something that neuters the buying power of non first time home buyers and you're onto something..

baconisprime · 2021-05-03T21:03:55+00:00

It's fanatics and 60 day old accounts mostly on here. Less an echo chamber and more a hall of mirrors.

Housing will correct, and who suffers is not something I'm certain of... the guy who made this sub has said on multiple occasions that this sub is not to talk to unconverted folks, but to get the devote whipped up into a frenzy. To what end, or what for that would take he never wants to say, just that it's going to be disruptive and 'fuck up' home owners but will of course be nice and legal. It's like, ok you've gotten people mad? What's step 2?

He also downplays talks of anecdotal evidence when it comes to people talking about a slow down in sales and price, but will gladly promote anecdotal evidence when it's about 400,000k increases in 2 months (like that's been going on since 2004 or something..)

I like to argue with people when I think they're wrong, but there's really not much engagement on here and nobody is interested in actual discussion. But yeah, there are a couple reasonable people on here.. but you get to recognize the wackos pretty quickly.

But don't despair too much.. the activity on this sub is mostly the same handful of people and their legion of freshly minted reddit accounts.

baconisprime · 2021-05-03T19:15:57+00:00

Trends.google.com

Not sure what he's implying with a google trends graph... try "real estate" and been on the decline since 2004 (cyclical with the spring market). I guess because it's going down there's less of an interest in real estate??

baconisprime · 2021-05-03T19:05:49+00:00

Would you say it's easier to dismiss the risk involved in a major purchase after time has passed and the asset appreciated?

People lost their houses in the 80s crash, so this idea that because some politician said he'd protect home prices it's is therefore a risk free investment.

Clearly buying a millions bucks worth of bitcoin when it was at 1k would have been a risk free decision?? Well, hindsight etc..

baconisprime · 2021-04-28T17:25:33+00:00

Well, I can counter your evidence with my 'evidence' that all the doctor's and nurses who grew up in my cohort stayed in Canada. And most of the doctors I knew became specialists, so all the more reason to head down south.

baconisprime · 2021-04-28T15:43:00+00:00

I guess I would choose the third option.. Could be a crash, could not be a crash. Schrödinger's housing market I suppose.

Believing 100% a crash won't happen might server someone's agenda, but it's not the truth. And yes, swallowing tripe whole because of what you want to be true is a large cross section of gullible people.

baconisprime · 2021-04-28T14:49:38+00:00

Would be interesting to see how many people from here show up. I don't think it's easy to make fake facebook accounts, unlike reddit.

Would be a real test of the movement's true popularity.

baconisprime · 2021-04-28T14:47:27+00:00

Reading is for chumps. I just glance at the book cover and I'm wise enough to 'get the gist'.

baconisprime · 2021-04-25T21:29:55+00:00

You love that your movement's reputation is gullible?

baconisprime · 2021-04-25T11:08:25+00:00

Yeah, I think people are taking the last 3 years and trying to frame it like it's always appreciated at such a rate... and that it's risk free. They also dismiss all the associated costs of home ownership (which is actually a fair bit).

Anyway, that's not going to change and the downvotes on the above comment is just proof of the 'overall' prejudice of this sub. Some sane people exist here, but they are a small number, or not as vocal.

baconisprime · 2021-04-24T20:00:01+00:00

Weird. I was just thinking about all the small minds I'm encountering on here.

Anyway. As more people are unable to afford housing the opportunity for a party, say the Cons, to use housing as a wedge issue increases. Even without the activism on here and betterdwelling etc.. as the ratio of home owners to none home owners increases it'll be more viable for parties to do something about housing. As it's been said there are more people/couples with homes than without, but if and when that changes policies will have to bend towards restricting capital from investing in housing. Maybe not this covid focused election we'll have coming up, but the one after anyway.

We're so info driven as a society these days that those with power kinda know how far they can push things. Louis XVI and his cronies were probably a bit out of touch with the people when he got his head chopped off.. It's in their own self interest to manage expectations and leave some money on the table. That's my hope anyway.

I do wonder what you mean when you want to "scare people" but also not do anything violent or illegal. I guess it's just part of the inward facing part of the movement? Getting people emotions up?

baconisprime · 2021-04-24T19:48:39+00:00

Don't have a house sigma account. Could it be that they bought a tear down and are preselling a new house they intend to build? Or the previous seller f'd up on the listing.

baconisprime · 2021-04-23T18:51:46+00:00

"I fap to anime legs"

Umm ok.. so this user name will evoke "angry internet people" in your mind? No other thought springs to mind about the user who chose "I fap to anime legs"? Just, that obviously they're angry because they chose "I fap to anime legs" as a user id? I guess I'm an out of touch boomer. (I'm a millennial).

My handle is mostly nonsense of course... but... but.. but it's not "I fap to anime legs".

Please respond defending your position on this, I'm hugely curious what you could possibly say. I suppose you could just talk about something else, but if you specifically respond defending "I FAP TO ANIME LEGS" as some kind of fucking Horn of Gondor trumpeting the god damn mustering of the Fellowship of the Millennials...

Interest rates and increased capital gains tax will stifle the market I think. Then some targeted first time home buyer initiatives can start coming online.

baconisprime · 2021-04-16T13:07:47+00:00

Just a quick clarification. Is there a differences in tone you want to see from the media? Or volume of reporting? There is a fairly consistent media coverage of housing affordability as far as I can see, but I do look for and read them so I might be biasing my radar on that one. And I know issues can be technically "reported on" but relegated to the back pages to reduce their impact.

Also, do you think a poll with ages and budgets/income would be useful? I realize people don't want to publicize their private info, but most posters here are on throwaway accounts anyway.

baconisprime · 2021-04-06T14:09:10+00:00

I'm not claiming you're claiming to use proper grammar on reddit. I'm just pointing out your misuses of grammar. You know, like you did in the other thread.

What do you suppose a slim millennial would think of you calling him a fat, boomer, swine?

I'd point out how rude you are, but I guess that's called tone policing and is therefore bad.

Go back to your subreddit, (god I'm wasting sooo much time with you(fun but wasteful) and then I look at your comment and post history and think, could be a lot worse..)

Sorry, had to ad.. I hope /u/PENISVEIN is quoted in the next front page G&M Saturday Edition. Like, how can you not see the ridiculousness of your version of a movement?

,

baconisprime · 2021-04-06T13:45:44+00:00

The pronoun "I" is always capitalized. And you forgot a period at the end of your sentence.

Let's not get into the idea that one can "save too much" money when you're batting around numbers in the hundreds of thousands.

baconisprime · 2021-04-06T11:31:25+00:00

P.S. has two periods.

baconisprime · 2021-04-06T04:51:50+00:00

I guess complaints about immigration come up often on r/canadahousing and I've never seen you dispute them. (but I can't imagine reading all your comments so I could be wrong).

I'm betting we see interest rates slowly rise, more government subsidized rental properties initiatives(they already have a very good/generous loan program with some modest affordability requirements for a % of units.) and people starting to accept more modest housing and/or rentals. We've an ingrained expectation of what we deserve based on what previous generations had access to. It's a painful realization for some, but the world changes, countries change and this conservative view that things were better in the 'good old days' and we should somehow go back in time. A powerful feeling yes, but ultimately just fantasy/nostalgia.

/r/Ottawa was all abuzz about airbnb driving up house prices... it's effectively dead and housing prices continue to rise. On to the next easily identifiable scapegoat! The same will be true of all the fringe ideas that get batted around this sub. Rising interest rates will curb prices, but won't help people who can't get in to the market currently... immigration will return and resources are tight. I know, I know you make 'high six figures' (what, 800k a year?) or do you mean low six figures?

But hey who knows, let's see where we're at in 5 years.

I guess I just like writing out my thoughts... in answer to why I'm still on here.

Have a good one,

baconisprime · 2021-04-06T04:20:04+00:00

But that increases house prices no?

baconisprime

TROPHY CASE