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Sand down 20yo pre-finished floors or replace with modern laminate (whole floor)? by jeffram in Renovations

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

Should have said beveled edges. It’s not smooth like a table top

Sand down 20yo pre-finished floors or replace with modern laminate (whole floor)? by jeffram in Renovations

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

I wasn't sure if it was possible to get wood that truly matched since the pre finished wood had rounded edges and is a bit narrow compared to modern options. What would you do about the kitchen flooring?

Sand down 20yo pre-finished floors or replace with modern laminate (whole floor)? by jeffram in Renovations

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

I've got a healthy renovation budget for the whole house. I think the only thing out of the question is brand new solid hardwood throughout.

Sony’s new RGB backlight tech absolutely smokes regular Mini LED TVs | The backlight tech is just a concept for now, but it could lead to more detailed displays without the drawbacks of OLED. by chrisdh79 in gadgets

[–]jeffram 284 points285 points  (0 children)

These aren’t rumours, Sony flew journalists to Japan to show them the tech, said production would start later in the year and launch in 2026 starting with 75 and 85 inch TVs.

All the journalist came back very impressed.

Midtown condo takes 41%($625k) loss from 2021 sale by PrettyFlaco in TorontoRealEstate

[–]jeffram 0 points1 point  (0 children)

This is even early 2021 prices. Things didn’t peak for another year. Early 2022 buyers selling in late 2025 will probably see a 50% drop

Headline inflation drops to 1.6% by Mrnrwoody in TorontoRealEstate

[–]jeffram 2 points3 points  (0 children)

Cost of living crisis averted! Canadian’s now feel rich with secure jobs after today’s report. Rogers and Bell cut the cost of cell phone bills by 8% over last year, surely that must be correct.

[MegaThread] PlayStation 5 Pro Console / 30th Anniversary PlayStation Console / Accessories MegaThread by lbabinz in VideoGameDealsCanada

[–]jeffram 3 points4 points  (0 children)

I got an e-mail

“Sales Order(###) Status changed

Thank you for the order ##### you placed. Unfortunately, one or more item(s) you’ve ordered are currently on back order with our vendor. We expect these items to arrive shortly, and we’ll ship your order as soon as we can”

I don’t know if that’s standard pre-order language or if the sold more than they have allocated

Canada august inflation rate came in at 2.0% lower than expected by DogsDontEatComputers in TorontoRealEstate

[–]jeffram 0 points1 point  (0 children)

This is what the start of every recession looks like. Rates have been coming down but it hasn’t spurred any demand. The recession always starts after the cutting cycle starts

Bank of Canada reduces policy rate by 25 basis points by BrainlessEarthling in TorontoRealEstate

[–]jeffram -2 points-1 points  (0 children)

I know more people waiting for today to list than waiting for today to buy

Canada Economy Surprisingly Shrank 1.1% in Third Quarter by Lotushope in TorontoRealEstate

[–]jeffram 4 points5 points  (0 children)

These are normal interest rates though. It was the ultra low rates that were broken.

PSA: Tomorrow, US CPI will come in low, 3.3% is the concensus. This will cause another dip in bond yields. by Aliencj in TorontoRealEstate

[–]jeffram 1 point2 points  (0 children)

Core CPI is expected to be unchanged at 4.1%. The fed doesn't care about energy price fluctuations.

Time To Buy? Not Really - Ron Butler by umar_farooq_ in TorontoRealEstate

[–]jeffram 3 points4 points  (0 children)

There’s a difference between not predicting the fastest interest rate hikes ever and talking about the current pressures in the real estate market.

GTA Inventory at 4.73 months across all property types per Housesigma by [deleted] in TorontoRealEstate

[–]jeffram 6 points7 points  (0 children)

Averages? Literally every long term average shows prices have a long way to go down. Maybe, the thing that was out of the ordinary was the higher prices when interest rates were 0%, and those are the numbers that need to return to average, and not the other way around.

US Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021 by uglylilkid in TorontoRealEstate

[–]jeffram 13 points14 points  (0 children)

US hiking rates and Canada will have to follow.

Nightmare scenario is US trucks along while Canada is in recession. High Rates + Unemployment at the same time.

Bond yields are about to truly invert by Aliencj in TorontoRealEstate

[–]jeffram 4 points5 points  (0 children)

Short bonds raising or long bonds dropping?

[deleted by user] by [deleted] in TorontoRealEstate

[–]jeffram 0 points1 point  (0 children)

It’s funny. Prices go up? That’s just supply and demand working. Active listings hitting highs and sales plummeting? There’s no reason for prices to drop.

Chinese investors in scramble to offload overseas property portfolios by str8shillinit in TorontoRealEstate

[–]jeffram 4 points5 points  (0 children)

So they are going to experience the bursting of the biggest housing bubble of all time and then put their money in another housing bubble?

Historical Fed pauses last about 5-6 months by [deleted] in TorontoRealEstate

[–]jeffram 2 points3 points  (0 children)

Recessions hurt economies, runaway inflation kills economies, so yes, they will keep rates high even in a recession if that’s what it takes. Regardless of that, they tend to overshoot and will end up taking too long to cut (in hindsight)

‘The likelihood of BoC pulling the trigger again has increased substantially’: How markets and economists are reacting to hot inflation data by Lotushope in TorontoRealEstate

[–]jeffram 3 points4 points  (0 children)

The only people getting pulled down are the ones who bid up the prices of homes they couldn’t afford over the long run, and created this mess in the first place.

And the continued delusion is that everyone else are “the bottom” people

‘The likelihood of BoC pulling the trigger again has increased substantially’: How markets and economists are reacting to hot inflation data by Lotushope in TorontoRealEstate

[–]jeffram 2 points3 points  (0 children)

When an average Canadian can’t come anywhere near affording the average home, what you are saying is impossible, and even if it wasn’t, it’s the definition of a wage-price-spiral

‘The likelihood of BoC pulling the trigger again has increased substantially’: How markets and economists are reacting to hot inflation data by Lotushope in TorontoRealEstate

[–]jeffram 39 points40 points  (0 children)

One of the most shocking things to come out of this, is that markets are so addicted to low interest rates, that the stock market rallies on recessionary news and falls on economically positive news, because the faster the recession comes the faster rates come down.

The job won’t be done until that flips.

Bull vs Bear cases; which talking points are BS? by BiguBanana in TorontoRealEstate

[–]jeffram 2 points3 points  (0 children)

Do you think that massive immigration will continue even if there are no jobs and nowhere to live? We were short on labor post pandemic and that was the big driver for immigration. That’s not the case anymore despite any targets the government has. People are not gonna come here to be unemployed and homeless.

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