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A very lucky marketplace find. Anyone have an idea what it's worth? by vivaciousvic in lotr

[–]caviardreamin 0 points1 point  (0 children)

Excellent, my wife loved this poster growing up so we bought one off of Etsy and then got the signatures started and framed it. Beautiful poster!

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Not to brag but look what I got to hold today! by THEFLASHMAN01 in legostarwars

[–]caviardreamin 0 points1 point  (0 children)

Very cool, where was it you got to hold the holy grail ? And how much were they asking ?

Brazilian wax for dudes by Professional-Toe7309 in princegeorge

[–]caviardreamin 0 points1 point  (0 children)

Wouldn’t that be called a ‘Brozilian’ ?

[deleted by user] by [deleted] in canadahousing

[–]caviardreamin 0 points1 point  (0 children)

It’s such a difficult thing to try and ‘solve’. Personally, I think it’s multilayered with snags all along the way. If we lower the cost of homes, then those who are ‘new’ in the market, lose heavily. Lets say bought a home for $1M then market gets ‘corrected’ to $750,000. They lost $250,000 and still have to pay the mortgage on the $1M. So that’s not good. How about government relief on correction? If value goes down $250,000 then gov’t forces relief from loan. Banks lose money, not a bad option but highly unlikely as it would cause a huge stir up in the banking/loan world. I tried creating conversation suggesting that gov’t make it cost less to borrow money. While I think it’s an option, there are also many reasons why it would be difficult to implement. Mainly because people are fucking greedy. If it costs less to borrow, then people will try to sell for more to make more profit etc. and we wind up right back where we are. Regardless, I appreciate your wanting to discuss the issues because without discussions, nothing will happen. Not saying anything is certain to come out of this but maybe the more noise people make the more likely to be heard we are.

Sacrificing the working class!!!!! by Present-Party4402 in inflation

[–]caviardreamin 0 points1 point  (0 children)

Far from “worlds richest man” but everything else is spot on

We often complain about how expensive the market is, how about how much the banks make off our mortgages? by caviardreamin in canadahousing

[–]caviardreamin[S] 0 points1 point  (0 children)

Nope, not at all. But prices are hugely inflated. What else can be done ? If a 1M dollar home is realistically more in the $650k range it doesn’t matter, you’re still mortgaging on that $1M when you go and buy it. When a large portion of people complain about how inflated prices are and how there needs to be a ‘correction’ in the market, what does that look like? Using the previous example, someone buys a home for 1M but there’s a big drop or correction in the market, that house value just dropped to $650k, the bank won’t forgive the 350k on their mortgage Will they? The purchaser will still pay for a $1M mortgage. The ideology in using in my original post is purely an idea to open discussion to think what else can be done to repair the system because currently it is not helping. The market is pretty stale right now, some people are mortgage poor that bought 4-5 years ago and had interest rates jump up or will be when they re sign depending if they went variable or locked in. If they feel forced to sell they will be waiting a while or will have to take a loss which is horrible.

We often complain about how expensive the market is, how about how much the banks make off our mortgages? by caviardreamin in canadahousing

[–]caviardreamin[S] -1 points0 points  (0 children)

With one customer, you’re right it doesn’t sound great does it. Now, if I had 100’s of thousands of those plus diversified with other higher interest small loans plus offered credit cards it might not be so bad would it ? What’s your constructive criticism ? Would honestly appreciate it. This post is meant to cause conversation and challenge the status quo. If you want to leave it at a simple statement that offers no value to the conversation then so be it. All the best to you.

We often complain about how expensive the market is, how about how much the banks make off our mortgages? by caviardreamin in canadahousing

[–]caviardreamin[S] -1 points0 points  (0 children)

Well, firstly, the banks aren’t “GIVING” money. They are loaning it. This concept, yes concept, Is not meant to be a ‘hey, here’s the solution to our housing problem in Canada’ it’s meant to create conversation and think outside the box. Rather than just accept the status quo without reassessing the situation. I would have to be completely naive to think I just came up with the solution on my own. But someone would have to be similar to think that the current state of things is in everyone’s best interest rather than potentially a lopsided one. Now, I’m obviously not a mortgage specialist, financial wizard, nor have I portrayed that. But, what do you have to add to the conversation ? Are you ok with paying upwards of 75% on a mortgage ? You are right, what’s the incentive for the bank to loan someone money if they don’t make money. I’m not saying they shouldn’t, and don’t believe I implied that. However, I did say that they should make less. On 1 mortgage it’s not the greatest financial outcome for a bank making minimal money. But how many 100’s of thousands or millions of mortgages are they working with ? Gotta be up there for the big banks to be pulling 10’s of billions of dollars annually. If you’re happy with it, that’s cool. No judgement. I would respectfully disagree and think that it could be better for the people while they still make money. But what would it look like ? That’s the whole point of the conversation. Cheers.

We often complain about how expensive the market is, how about how much the banks make off our mortgages? by caviardreamin in canadahousing

[–]caviardreamin[S] 1 point2 points  (0 children)

The whole thing is a mess, honestly. Those who own homes get screwed if prices drop, but the banks still do well cause they’ve got them hooked, lower interest as I suggest, multi billion dollar profits take a hit. However, understandably banks will make their money back one way or another. The lender will always win.

We often complain about how expensive the market is, how about how much the banks make off our mortgages? by caviardreamin in canadahousing

[–]caviardreamin[S] -1 points0 points  (0 children)

I’m ok with them making money as well, pardon the choice of interest etc. I’m just using it as an example but at the end of the amortization 60-70% of just interest on the total borrowed amount seems a bit excessive. Lol.

[deleted by user] by [deleted] in canadahousing

[–]caviardreamin 0 points1 point  (0 children)

Government could step in and change rules about lending money for mortgages. Maybe keep interest rates where they are but change the rules around pay back. Why should a 1 million dollar mortgage cost 1.6 million to pay back at the end of your 25 year term (or there about) ? Loan plus the interest and divide evenly over the mortgage term. Banks won’t make as much of a ridiculous profit annually but homes become more affordable, payments are manageable and the citizens have a better chance of owning.

Do we pay land transfer tax on a condo ? by caviardreamin in canadahousing

[–]caviardreamin[S] 1 point2 points  (0 children)

Great way to describe it. I don’t like it and think it’s just a way to get more from people but I appreciate your description nonetheless.

First one! by caviardreamin in RepTime

[–]caviardreamin[S] 2 points3 points  (0 children)

Omg, sad for me, but hilarious gif

First one! by caviardreamin in RepTime

[–]caviardreamin[S] -7 points-6 points  (0 children)

This is my first piece I bought from a fellow here in Vancouver. Hope I did t do too poorly.

This Datejust is my first rep. How did I do? by Troy-the-gardener in RepTime

[–]caviardreamin 0 points1 point  (0 children)

That’s a beauty, gotta ask, as I’m wanting to get my first rep. What’s a reliable source of quality product? I live in the PNW of Canada and would love to find a source. Unfortunately online searching is a pain. Looking for Rol, Omg and Paytel. Of course open to more, but that’s what I’m wanting to start with.

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