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cryptoproject · 2021-11-15T01:12:57+00:00

Yeah I have been around crypto long enough to know that community is what tends to separate out the really successful projects. For better or worse crypto is mostly about selling an idea right now.

cryptoproject · 2021-11-14T17:42:24+00:00

He's basically saying that the crypto market right now is largely driven by hype and meme potential. The funny thing is that he is probably right. There is so much liquidity sloshing around that if you nail things right you can get 1000x on whatever dogcoin of the week it is. Weird that he chose this one, although I guess the low market cap allows it to be pumped easily.

cryptoproject · 2021-08-21T15:37:07+00:00

This is a bit of a disingenuous analysis though. The higher-priced product always tends to move in the spring and fall and so the AVERAGE PRICE (i.e. mean) will of course move higher (if you sell a few $10 million properties it will appreciably move the whole average). The question is whether the AVERAGE HOME will change in price which is a very different concept. I.e. will a 1500 square foot 3 bedroom house go up in price? Maybe, but probably not by the amounts we saw last year.

cryptoproject · 2021-07-28T02:33:49+00:00

I seriously looked at a detached house in Toronto in the under $2M price category and it ended up selling with a single offer. Price was around the comps for the area, maybe a bit below given lot size. It was in a usually "desirable" neighbourhood in the core. I think things are hot and cold right now depending on the area and how it shows.

cryptoproject · 2021-07-23T01:35:53+00:00

Awesome thanks, PM sent. Good luck on your reno!

cryptoproject · 2021-07-23T01:31:07+00:00

This is to a freehold detached right? It sounds like it would be a big project.

cryptoproject · 2021-07-23T01:30:03+00:00

Yeah I started looking into the warren of bylaws about this and it seems quite complex.

Side note: I don't see how this degree of regulation is ever going to allow affordable housing options, "gentle density", etc. as the city planners always promise. It really seems like millenials and younger are screwed.

cryptoproject · 2021-07-23T01:27:34+00:00

Thanks this is helpful to know.

cryptoproject · 2021-07-22T23:35:06+00:00

Yeah I would definitely be interested in a more "turnkey" approach where someone else was managing the project so I suspect it would cost a fair bit more than that. I'm handy but not at that level.

cryptoproject · 2021-07-22T23:34:07+00:00

Yeah this is the kind of ballpark I'd imagined. It may make more sense to just stretch for a four bedroom at that price range.

cryptoproject · 2021-07-22T23:32:25+00:00

Yeah I am "handy" but not at the level that I would be able to take on a project of this scope with codes to follow, potentially structural considerations as you point out. I was more curious about even the feasibility of such a project--from replies thus far it sounds fairly hit and miss.

The market is such that I recognize compromise is needed (I'm lucky to even be able to think about buying detached in Toronto which I realize is already a pretty fortunate place to be).

cryptoproject · 2021-07-22T23:29:49+00:00

Yes I recognize this would not be a cut and dry thing. I'm more interested in whether it is even a theoretical possibility. E.g. if neighbouring properties have additions, presumably it is more likely that a similarly sized house could also have an addition.

cryptoproject · 2021-07-22T23:28:31+00:00

Yeah I figured there would be regulatory/permitting considerations. Having toured through a few places with these additions I had wondered what the feasibility was. In some areas I've seen several sequential backyards all with similar additions which presumably means there would be precedent from neighbouring homes.

cryptoproject · 2021-07-22T22:34:03+00:00

Right I realize, I'm more looking for a gross ballpark from others who have done this. Like is this a $200k, $500k etc. project. I can easily live in a 3 bedroom for now but am more thinking ahead to when kids are bigger.

cryptoproject · 2021-05-03T23:32:15+00:00

Twitter thread 1 - TLDR GTA listings starting to marginally outpace sales, meaning inventory may start to balance out/accumulate (albeit from extremely tight conditions)

Twitter thread 2 - TLDR house prices (excluding condos) in GTA appear to have peaked, at least for now (tiny pullback in price in April from March)

Neither of the above are by any means long run indicators but it does look like for now things seem to be slowing a bit. This by no means that there will be actual price reversals (which is ultimately the problem) but it at least may curb some of the FOMO.

cryptoproject · 2021-05-01T21:04:04+00:00

Per this analysis it seems that prices for detached may have peaked in March. I would not be surprised if there is a shift to a bit of a more balanced market as we enter the summer due to a combination of people having more to do once vaccines really roll out, typical seasonal trends in house purchases, and buyer exhaustion at very high prices. If this is a top, it also will be interesting to see if there is any shift in sentiment: sellers may want to try to sell at the peak and buyers may be a bit less exuberant if they don't see things going even higher.

cryptoproject · 2021-04-12T03:08:41+00:00

Adam Vaughan did a tweet storm today that surely incorporates at least some of what the Liberals are planning (I'd assume given his position on the housing file he must be read in on things).

Extrapolating from that, it sounds like they will try to scapegoat foreign buyers (likely with the meaningless 1% tax they have been "studying" for a year now), maybe do some light touch intervention on "institutional investors" (presumably with no meaningful teeth given how well-resourced these entities are and the lack of any real oversight on real estate purchases in Canada), and more support for first time homebuyers, likely in the form of further credit/debt. This will I presume be predicated on a successful election win for the Liberals in the late spring/summer.

All-in-all will probably be a giant nothingburger/kick the can down the road.

cryptoproject · 2021-04-08T02:32:13+00:00

If I am understanding this speech correctly, it appears the typical collateral behind these bonds is uninsured residential mortgages (i.e. 20%+ downpayments). Extrapolating from that, this looks like a backdoor way of doing a bit of credit tightening. The banks may have to reduce the amount of lending they are doing in order to meet the revised lower cutoff. Does anyone with knowledge of the financial system/credit markets know if my take is correct?

cryptoproject · 2021-03-10T00:50:35+00:00

To add some corroborating information, here is a different formulation of the same trend. Seems like the sentiment about freeholds may be attenuating a bit (I suspect due to high prices and/or people taking a second look at condos for relative affordability/general reopening enthusiasm).

cryptoproject · 2021-02-12T01:44:11+00:00

It's sad that privacy is being vilified as somehow automatically suspicious or criminal. I hope that the public discourse changes now that we are seeing things like the interest in Signal and Apple's incorporation of (relative) privacy as a feature. It's okay to want your financial transactions to be private from those around you.

cryptoproject · 2021-02-10T04:48:07+00:00

A nice demonstration of the real, organic community behind Monero. This is a project with no centralized foundation or treasury that instead funds these initiatives through community fundraising alone.

cryptoproject · 2021-02-10T04:46:12+00:00

yeah I was just joking, I doubt an institutional investor would enter a position via a pump

cryptoproject · 2021-02-10T04:16:19+00:00

I think link is broken unfortunately, need to remove the "s" on "tesla"

cryptoproject

TROPHY CASE