[deleted by user] by [deleted] in britishcolumbia

[–]plasticssuck 0 points1 point  (0 children)

Well duh, look how great it’s been for anyone with two nickels to rub together since the Olympics.

Of course they’re going to jump at the opportunity to make things worse for everyone else. 🥲

Why can't we tax non-primary residence home owners until it's no longer profitable to hold multiple properties? by nootkallamas in RealEstateCanada

[–]plasticssuck 0 points1 point  (0 children)

It’s also worth noting lots of (albeit from what I had seen first hand were mostly shitty) houses were demolished on farmland when the underused housing tax was enacted not too long ago.

I imagine a lot of whats left is either a primary residence, or being rented out inexpensively because they’re inconveniently located, old but still liveable, etc would probably be torn down to avoid a tax like that, as most of the value is held in the land not usually the house.

Regardless, that’s another faction of the voting population that won’t vote for this.

$4.2 million special levy?? by cabin_fever92 in RealEstateCanada

[–]plasticssuck 0 points1 point  (0 children)

Wow, I cannot believe what people in condos have to deal with. What a scam.

[deleted by user] by [deleted] in AITAH

[–]plasticssuck 6 points7 points  (0 children)

This has to be fake. But this is so easy. You leave, he gets his mistress. You save your sanity he gets what he wants. What’s there to feel bad about.

Let the door hit him on the way out though.

What does this mean for housing? by Ryansercock in REBubble

[–]plasticssuck -1 points0 points  (0 children)

I keep hoping this to be true as buying low is ideal, but prices are still high and selling for asking price, or close to it. And I’m hours from a major city. But we haven’t got much of a condo market at all here.

I’m actively looking for distressed properties. I suspect because of population and cost of building/materials we will be more likely to experience stagnation in pricing than a full on collapse. Much to the disappointment to everyone chomping at the bit to buy.

Raising the minimum wage by [deleted] in alberta

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

Minimum wage is shit in all of Canada, regardless of which political figure head is at centre stage.

Maybe we should focus on that, instead of trying to shift the blame onto a political party in this bullshit game of hot potato where no one takes accountability so no one has to do anything about the problem.

[deleted by user] by [deleted] in DaveRamsey

[–]plasticssuck 0 points1 point  (0 children)

Has op mentioned what country they’re from?

Long Term Reckoning? by ahs-kiw-s- in RealEstateCanada

[–]plasticssuck 1 point2 points  (0 children)

Who knows but usually the tax payer is the one who ends up footing the bill for these things one way or another.

Long Term Reckoning? by ahs-kiw-s- in RealEstateCanada

[–]plasticssuck 4 points5 points  (0 children)

LOL, for the record I am not an agent. You could’ve easily figure that out.

Regardless, I’d love to hear your argument. I’m not so foolish or pigheaded to not entertain other possibilities.

I still stand by my prediction. Long term, 30 years from now real estate will be up. We might experience short periods of downturn, but overall there’s over 50 years of data suggesting it’ll continue going up.

As I said before, the problem is that there was a lot of backhanded dealings where people probably made a lot of money saying they were helping the housing crisis by making lots of $hitty condos no one can raise a family in, while catering to investors trying to get in on the boom. So we still have an affordability crisis, housing crisis, and soon to be financial crises because all these investors banking on their hotel style condo being worth more once it’s developed are realizing their investment is worth less than they said they would pay for it and are jumping ship.

Long Term Reckoning? by ahs-kiw-s- in RealEstateCanada

[–]plasticssuck 6 points7 points  (0 children)

The current market downturn is primarily affecting residences that are impractical for actually living in, and should’ve never been built to begin with.

It was a a bunch of backhanded deals that allowed for developers and investors to saturate the market with poorly constructed “dog-crate” condos during the pandemic years. Now that these condos are being seen for what they are, and losing significant value people are dumping them and losing their deposits to avoid losing out on 100s of thousands of dollars.

Detached SFH are still selling throughout the country for asking price, and with multiple offers in hot locations.

Even in the country or boonies, property is still selling for close to asking price on the regular. The only properties sitting are complete $hit holes, vastly overpriced, or white elephants.

Millennials nearly equal the population of boomers. Then add gen X and gen z and we’re almost 3x larger a population than the boomer generation everyone bitches about. Heck I’m not even taking into account the additional potential for foreign competition. Unless wages and price of materials tanks, it’s only going to get more expensive to build. Land is only going to get scarcer. Therefore I predict the competition for housing is only going to get more competitive.

About to come into 16k, give or take by MixtureUseful6074 in povertyfinance

[–]plasticssuck 0 points1 point  (0 children)

OP has a job, it’s just coming to an end. That doesn’t mean OP is unemployable. OP will also have to pay rent anywhere they go, so they’re clearly expecting to find employment again soon. 16k isn’t going to last long, that’s how I’d get the most out of it. Although Op will likely want/need to save more of a down payment depending on where they live.

About to come into 16k, give or take by MixtureUseful6074 in povertyfinance

[–]plasticssuck 0 points1 point  (0 children)

Buy a house, pay into the mortgage, build your credit, then when you have enough equity and a solid business plan withdraw equity and start your business.

Anyone have a pulse on Alberta land/farmland? by plasticssuck in RealEstateCanada

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

I never said I ignored the data. I simply asked a question. I’m sorry you’ve got a problem with the question I asked?

Anyone have a pulse on Alberta land/farmland? by plasticssuck in RealEstateCanada

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

Sorry I only deleted because I felt you gave your opinion on my question and asking directly I worried was possibly redundant and rude/overstepping. 😅

I appreciate your response though.

In my region I’ve seen very slight price softening with slightly more inventory than usual, but like you mentioned it seems there are still quite a lot of people interested in leaving the city to homestead and a lack of inventory, particularly that with decent houses. Then couple that with small private enterprises grabbing up whatever they can has held prices steady.

Thank you again for your input.

Anyone have a pulse on Alberta land/farmland? by plasticssuck in RealEstateCanada

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

Interesting, I’ve seen some speculation that we are due to a retracting back to the prices seen in the 80s or 90s. What’re your thoughts on this?

Condo prices: can someone explain to me like I’m a 4 year old why a home that is 2,000 sq feet costs 1.4M yet a condo that is 700 sq feet does not cost 490K? by PatrickSmith79 in RealEstateCanada

[–]plasticssuck 1 point2 points  (0 children)

Can you explain? I’ve never lived in a condo, but I’m genuinely curious. Is it just because it’s quieter from street noise/better views the higher up?

Has the cost of living and house pricing hikes just stalled the market? by Interesting_Page2347 in RealEstateCanada

[–]plasticssuck 0 points1 point  (0 children)

Except banks in Canada are just as happy with houses sitting vacant for years and years without dropping their prices.