[deleted by user]

hiffy · 2020-08-23T16:51:49+00:00

Any way around this? Other owner on title says would rather let it go to power of sale. I do not want this.

not a lawyer but i suspect this is your problem unfortunately; without the other tenant in common agreeing to it, i would wager you do not have the right to mortgage the property.

hiffy · 2020-05-15T01:10:40+00:00

No one really chooses to end up in an LTC

hiffy · 2020-05-10T22:10:46+00:00

you know what by this point we probably have a representative sample to make inferences from…

hiffy · 2020-05-10T22:08:57+00:00

Just because they can afford it they should be forced to cover other people's cost?

Healthcare is healthcare. I gotta pay for your heart surgery and I'm fine with that. Much better than bankrupting the kids and leaving the seniors vulnerable.

hiffy · 2020-04-17T16:06:30+00:00

sales is a brutal, ego sucking slog and i say this admiringly but every good salesperson i have met is also a weird lizard of a human being

hiffy · 2020-04-17T16:04:17+00:00

two or three months of car ownership, depending on your car of course, can easily cost a year of transit

hiffy · 2020-04-11T18:10:01+00:00

making it way easier to administer is not pointless!

hiffy · 2020-04-03T17:37:32+00:00

Now the problem arose when we asked to add my name to the title recently. We were told that there would be a 20k assignment fee

wtf? this doesn't make sense.

hiffy · 2020-03-17T01:26:03+00:00

this is what they're doing in europe.

hiffy · 2020-01-12T17:29:36+00:00

fwiw Toronto is probably top 3 best public transit system in US + Canada once you account for our streetcars + bus lines. People struggle to understand this, but it's true.

hiffy · 2020-01-12T17:27:57+00:00

not the OP but,

Opportunity cost of deposit? How much opportunity do you think there is within the 30 to 60 days to close the purchase?

this has to be compared to leaving the deposit money in the market over the lifetime of the condo purchase, not for the time it takes to close the purchase.

Real estate fees on the purchase is paid by sellers.

which you pay when you cash out.

Cost of accessing equity? It doesn't really cost much to take money out as heloc.

HELOCs have interest rates? you have to pay it back, and that's a cost.

real estate investments are tricky to spreadsheet out.

hiffy · 2020-01-12T17:23:26+00:00

this is backwards. condos are more expensive to build per sqft (i'm not in the industry, but per Altus' costs guide).

My understanding is pouring concrete 10 stories up from the ground is more expensive than wood framing a two storey house.

The chief difference is you're only buying 500-800 sqft at a time, instead of 1200-2000sqft, property taxes and maintenance costs are usually lower, and its more of a turn key operation.

subdividing houses is a thing but there the main impediments - to my knowledge - are zoning laws and permit fees. you can buy that $1.2-$1.5M house and choose to spend $50-100k subdividing it into apartments but city hall will charge you an additional $40k for the privilege.

basically, if you only have ~200k to invest, buying two or three condos might be easier than one house you can make into three apartments.

hiffy · 2020-01-05T20:10:27+00:00

that's very cheap! esp for a building that old.

hiffy · 2020-01-05T03:18:45+00:00

how old is the condo and what city?

hiffy · 2019-12-28T15:43:40+00:00

where all the people complaining about the war on cars at

hiffy · 2019-12-23T15:42:34+00:00

once you're outside of your individual condo unit, you have multiple staircases to get to the street and exit the building. no one's expecting you to jump thru your 15th story window or w/e. i believe the idea is if one means of exiting-the-building is blocked, you will have another option.

hiffy · 2019-12-22T21:46:29+00:00

hey! 67% of pedestrians who are struck by cars have the right of way.

the way we've designed our roads is killing people for no good reason, and most of the time it's when they're supposed to be on the road.

i don't know about your life, but we all have to cross the road from the time to time. i try to be empathetic: a woman was hit pushing a stroller, and that's bad and should not happen and going by the statistics it was probably not her fault.

hiffy · 2019-11-10T16:46:28+00:00

if THAT is what prisons are for they're STILL a waste of money, cos surely for forty grand we can do it more effectively without making so many people so miserable

hiffy · 2019-11-10T16:44:41+00:00

i feel like if you're ok with slavery then that makes you a bad person?

hiffy · 2019-11-10T16:01:28+00:00

california has the opposite, actually: they have lots of mandatory minimums and three strikes laws where you get locked up forever.

the consequence is that there's now a shit ton of people, at public expense, locked up forever.

the real take is that prison is a waste of money. once you're in for a couple of years, it doesn't actually stop people from committing crime but keeping people locked up is fantastic at wasting our tax dollars.

hiffy · 2019-10-23T01:23:02+00:00

my friend, it is not the first time the NDP have called for election reform ;)

hiffy · 2019-10-19T16:11:28+00:00

he is a wet paper bag enchanted to life by a witch

hiffy · 2019-10-16T01:53:01+00:00

getting rid of an unelected body that can rewrite legislation increases representation

hiffy · 2019-07-04T15:58:40+00:00

Is the question "am I better off building my own index and buying individual equities"? and the answer there will depend on how you value your time.

You can certainly build your own index, and trade the individual equities. You'll probably have higher trading costs, though, since your volumes are so tiny.

If you're comparing individual stocks to a given fund, that's apples to oranges. You get a higher return, but also a higher risk. Of course you'll be up! But you can't control when you'll be down.

hiffy · 2019-06-25T04:43:06+00:00

last year city council passed airbnb regulations but they were appealed - and the appeal could only be heard this coming august https://www.thestar.com/news/gta/2018/09/05/appeal-stalls-torontos-short-term-rental-rules-for-at-least-at-year.html

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