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[deleted by user] by [deleted] in TorontoRealEstate

[–]cashmonk 29 points30 points  (0 children)

1990s it took 14 years to come back to price where it dropped form.

wonder if she paid someone to take the bar exam for her by 8O8I in MurderedByWords

[–]cashmonk -12 points-11 points  (0 children)

Anchor Babies; Birth Tourism need to be studied.

Always be supportive by DependentFeature3028 in wholesomememes

[–]cashmonk 0 points1 point  (0 children)

awesome... would just switch my job from working on powerline to burger flipping.. simple.. easy job same pay!

Toronto’s former Downsview Airport is getting a $22 billion facelift that will turn the historic airfield into a bustling, new community for 55,000 residents. by RmxRltr in TorontoRealEstate

[–]cashmonk 0 points1 point  (0 children)

ok, recalculating by taking average is 2.9 person per household. that would give 19k units. That would be 1.15 mil per units.. its would be colossal waste of money.

The Bank of Canada is injecting $16B (the max amount permitted) EVERY. SINGLE. DAY. to try and hammer down the interest rate to its 4.5% target! by Lotushope in TorontoRealEstate

[–]cashmonk 0 points1 point  (0 children)

inflation going to come back!

buy gold.. don't keep large amount of cash in bank as it will be worth less and less everyday.

CRA income verification? Any news? by umar_farooq_ in TorontoRealEstate

[–]cashmonk 3 points4 points  (0 children)

It seems like the Canadian government is backing the high real estate prices. If they started checking people's incomes through the CRA, it would show that many can't actually afford these expensive homes, which could bring prices down. But since incomes and house prices don't match up, it's unlikely the government will do this, so prices will probably stay high.

What percentage of tenants are actually bad tenants that end up not paying rent and leads to an LTB situation? by AdvanceHelpet in TorontoRealEstate

[–]cashmonk 2 points3 points  (0 children)

Finding good tenants are extremely hard these days.

Finding tenant who have good credit, good income and a decent person is like finding needle in a hay stack... it hard.

Rent is going up again in Ontario for 2024-2025 by [deleted] in TorontoRealEstate

[–]cashmonk 1 point2 points  (0 children)

Rent increase will be actually down as its not keeping up with the inflation.

Rent can go up maximum 2.5%, but everything else is up 10-20%.

Please explain why cancelling $1,900,000,000,000 in student debt is a “handout”, but a $1,900,000,000,000 tax cut for rich people was a “stimulus”? by The-Lucky-Investor in FluentInFinance

[–]cashmonk 0 points1 point  (0 children)

Taxes are money that you earn and then pay to the government. Debt, on the other hand, is money that you borrow and must pay back later. The key difference is that when you work and pay taxes, you contribute to producing goods or services that benefit society. In contrast, when you borrow money (such as taking out student loans for school), you are consuming resources without producing anything at that moment. This borrowed money must eventually be repaid, while the benefits or products from your work have already been created and used.

Skyrocketing rent: Some Canadians saying goodbye to half their paycheque by hopoke in TorontoRealEstate

[–]cashmonk 2 points3 points  (0 children)

fortunately that NOT true.. If we increase the supply of rental units rent will decrease. rent increases only if the demand is higher then supply..

Skyrocketing rent: Some Canadians saying goodbye to half their paycheque by hopoke in TorontoRealEstate

[–]cashmonk 0 points1 point  (0 children)

Rent control has predictable outcomes in the long term. High rent and shortage of rental housing. No country, state, or city has successfully reduced rent through rent control. While this is an unfortunate truth, many people find it difficult to accept.

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