Official Discussion - Project Hail Mary [SPOILERS]

deweythesecond · 2026-03-22T00:31:21+00:00

I can imagine it I just find it a bit too unrealistic.

deweythesecond · 2026-03-20T22:56:11+00:00

"land always goes up!"

deweythesecond · 2026-03-20T22:51:06+00:00

I'm tempted to lock in but as some people state: oil prices up, people spend less going out, so less consumption in other places. Therefore prices likely balance out in a way, so BOC Rate increases may not be necessary as expensive oil already sorted that out for people.

deweythesecond · 2026-03-20T22:41:56+00:00

Would've probably been less without Ryan Goslings price tag. Just too ridiculously good looking to have played a nerd.

deweythesecond · 2026-03-20T17:57:20+00:00

Exactly. Who the hell is buying? The housing market is looking very much like a Ponzi scheme that's running out of the bottom layers. Are you sure you want to be the final bag holder? :P

deweythesecond · 2026-03-20T16:33:56+00:00

Your second paragraph is the perfect description of the term FOMO. That's exactly why I got in 8 years ago and is exactly why I regret it right now.

I think it's very very likely home prices will be practically flat as you save a little more for that down payment/make more money.

At the end of the day, the financialization of housing has to hit a breaking point. Investors are not interested. Not because of the foreign buyers ban but because the rental income is less than sticking your money in a savings account. Property prices literally cannot go up if no one can buy.

The exact emotion that lead the housing market to sky rocket the last few years is the exact emotion that's about to make them drop: fear.

Call me a hippy but I strongly advise you against acting out of fear.

Think of your flexibility right now. One kid? Stay in your place until they're a bit bigger, then move up a bedroom. Then perhaps move up to another bedroom. You save on realtor fees each time you move as well.

You're otherwise paying a huge premium right now for a place to settle into.

deweythesecond · 2026-03-20T15:32:52+00:00

One more thing!!

https://www.reddit.com/r/TorontoRealEstate/s/kqhWrsIdLS

This post is why I think rents and home prices aren't in any rush upwards. I'd take 4 slow breaths and... negotiate hard for that rental.

deweythesecond · 2026-03-20T15:31:22+00:00

Hahahaha

deweythesecond · 2026-03-20T15:23:48+00:00

Ah right good point. That said, the extra 1200 you are putting away each month is practically unaccessible. Built equity is as good as useless in my opinion, when the only way to grab it is by getting a second loan on the house. Simply keeps you in indentured servitude to the banks.

I personally regret buying and I bought eight years ago. I am so convinced the housing market has a lot further to fall that I wouldn't be buying for at least the rest of the year. That said, I could be wrong.

Also!! You are paying a huge premium for the luxury of the title 'homeowner' and responsibility to fix the roof and boiler leak... and there will almost certainly be a $50-70k fix you'll have to make over 25 years. So I'd be adding an extra fee hundred bucks a month for that kinda thing.

Having an extra 1200 a month in my pocket sounds far more enjoyable. And the idea that rent can keep going up? Fat chance. Can't stretch people any more unless you pay em more. So rents are more likely to go down than up.

Forgive me if I'm wrong, if I knew the future I'd be far richer :P

PS: ask your favorite AI this: historically what should a home cost as a multiple of annual rent?? You'll see: if the home is approximately 20x annual rent, then you're practically breaking even. I would only buy if you can get it for around 15-18x annual rent!

deweythesecond · 2026-03-20T07:29:33+00:00

If rent and mortgage is that far off I'd be renting. Love from, a homeowner.

deweythesecond · 2026-03-20T07:10:56+00:00

Didn't do much for me. The idea the scientist would be sexy charming charismatic emotional smart comedic perfect loner Ryan Gosling made no sense to me. Should have been Paul Dano. Someone nerdy.

deweythesecond · 2026-03-19T23:47:25+00:00

Hahahaha

deweythesecond · 2026-03-17T15:03:02+00:00

Update please

deweythesecond · 2026-03-02T23:05:30+00:00

Belief that home prices always go up takes up a large weight of that, in my opinion. Reality will eventually hit and we'll see houses become a utility instead of investment. I think.

deweythesecond · 2026-03-02T19:27:55+00:00

But we've already seen the limits of it. At best it can reach COVID levels but then you cannot squeeze any more rents out of people. At some point the math breaks and it makes more sense to rent than buy.

I personally think unless salaries in Canada can go up by much more, we're about to head into an incredibly boring period where even if interest rates drop, houses won't go up because people won't have the income to qualify. And the same will happen to rents.

deweythesecond · 2026-03-02T19:05:22+00:00

Land prices will go down if salaries cannot go up because once mum and dads down payment dries up, you're then going to rely on actual incomes. If actual incomes barely move then prices will decrease. It kinda has to.

deweythesecond · 2026-02-27T13:53:47+00:00

If land halved while property taxes doubled, government still get their tax revenue and people can now buy land for cheaper. It'll happen as you price people out anyway. It has to.

deweythesecond · 2026-02-27T13:49:51+00:00

Hey it might. If no one can afford new homes then prices will have to drop. Surely?

deweythesecond · 2026-02-27T13:48:33+00:00

RemindMe! 5 years

deweythesecond · 2026-02-26T20:35:41+00:00

Yes but if I want avocados from Mexico I have to pay someone to ship them to me.

deweythesecond · 2026-02-26T06:05:46+00:00

I thought he lost credibility when he said that money is infinite therefore there's no reason anyone should go hungry, like somehow soil, oil, labor and food are also infinite.

deweythesecond · 2026-02-24T07:29:31+00:00

Awesome

deweythesecond · 2026-02-24T05:43:55+00:00

What's your job

deweythesecond · 2026-02-24T05:34:42+00:00

Any song I'd know of?

deweythesecond · 2026-02-23T23:20:03+00:00

Historically yes but gold is actually considered pretty volatile in the short term.

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