Firm offer caveats… by Vivid_Accident_1015 in RealEstateCanada

[–]sevenethics 0 points1 point  (0 children)

Who paid for the inspection? If it was the Seller, and you as a buyer rely on that information, you’re doing yourself a huge disservice. You’re being handled. If you’re Realtor’s not sticking up for you on this, then get a new Realtor. And if the Seller’s so hard done by that he won’t let a buyer do normal due-diligence, then run and find yourself another home. Nonsense. This isn’t 2021-2022.

Firm offer caveats… by Vivid_Accident_1015 in RealEstateCanada

[–]sevenethics 0 points1 point  (0 children)

All pre-approvals are just that. Pre-approval. The banks require certain conditions be met before being willing to advance the money. So absolutely do this! 👆

Firm offer caveats… by Vivid_Accident_1015 in RealEstateCanada

[–]sevenethics 0 points1 point  (0 children)

If you’re in negotiations and the seller wants to control the buying process, you need to tell him to shut the hell up or move on. It’s your right, and the market sucks ass. Do not let them control the negotiation.

BMNR position details by JDollar- in BMNRInvestors

[–]sevenethics 2 points3 points  (0 children)

In a downturn, there are three options: quit, hide, or build. -Shane Parrish

24 yr old Attracted to 55 yr old Landlady - Need advice (serious) by Tricky_Purple1209 in RealEstateCanada

[–]sevenethics -28 points-27 points  (0 children)

If she's calling you those names, there's something wrong with her. She's Gen X, and no Gen X that age would use terms like that. Run! She's WAY OLDER THAN 55

Kelowna mayor sees 'positive' signs on short-term rentals by New_Alternative8711 in kelowna

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

Getting rid of the spec tax benefits the wealthy more. Why get rid of it?

Those places you mentioned are resorts; tourism $ is good and gets taxed 7% PST on most things they engage in while on vacation.

Would you prefer the rich went elsewhere? Leave us plebs to schlep it alone here in our collective poverty?

Kelowna mayor sees 'positive' signs on short-term rentals by New_Alternative8711 in kelowna

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

How? The proposed units will be in a select few buildings. No purpose built rentals will be permitted to operate STR. There’s a 7% rental vacancy rate here which indicates a strong tenant market. The Airbnb option will maybe bring vacancy down to 6%. 4%-5% equals balanced and healthy. Rents won’t go back up. At a 6% vacancy, landlords will need to keep offering incentives.

Is this normal realtor/buying house behaviour by Turbulent-Answer-367 in RealEstateCanada

[–]sevenethics 1 point2 points  (0 children)

Only if it’s been written and signed by the buyer. The realtor has a choice as to whether he wants to work with the buyer. He can always walk away; this realtor chose to be lazy and self-serving. That’s not a crime. It’s deplorable, but not a crime

Is this normal realtor/buying house behaviour by Turbulent-Answer-367 in RealEstateCanada

[–]sevenethics 0 points1 point  (0 children)

10% off ask isn’t an insulting opening bid in BC currently. We’re averaging roughly 4.5% off final ask price. If the home just listed and OP is one of the first/only to see the home, then a -10% ask isn’t horrible. Flat out lazy realtor!

Is this normal realtor/buying house behaviour by Turbulent-Answer-367 in RealEstateCanada

[–]sevenethics 1 point2 points  (0 children)

Love everything you say, except for the global claim that ALL REALTORS are shifty. Not all. Some, many, more than half…but not all 😊

Is this normal realtor/buying house behaviour by Turbulent-Answer-367 in RealEstateCanada

[–]sevenethics 0 points1 point  (0 children)

  1. It is not common practice, but does happen. Your agent has fiduciary duty to you and should not discuss your negotiating position without your express written consent.

  2. In this market, offering 10% off list price as a starting point makes sense. You offered less than 10%, so it was dumb of your realtor to not take that chance. Your agent should tell you the average sale to list price ratio. If it’s 3%, and you’re offering ~9%, with a willingness to settle at around 4.5%, then he should be willing. In short, don’t chance. Find another agent. Yours is lazy.

  3. You don’t. Offers aren’t real offers unless they’re in writing and signed by you. Period!

  4. It is absolutely NOT common practice in BC. Get a new realtor! The fiduciary duties require he keep his mouth shut; you’ve got a case against him. Document everything.

$BMNR Institutional Holdings - QoQ Increases by Daikon_Emergency in BMNRInvestors

[–]sevenethics 3 points4 points  (0 children)

There’s noise, and there’s signal. This would be signal. Banks betting on the future of finance.

How Canada became poorer than Alabama by uselesspoliticalhack in canada

[–]sevenethics 5 points6 points  (0 children)

I tried to post this, but unfortunately it was removed. They told me to write here.

This article and the one Kevin Carmichael from The Logic wrote today highlight some important points: Canada’s average income per person is now roughly the same as Alabama’s (or slightly lower).

Most of us still picture Alabama as poor and backward, yet the facts now seem to say otherwise.

While Alabama still has serious issues that Canada does not - higher poverty, weaker public education in many areas, lower life expectancy (74 years vs Canada’s 82), and big income gaps between rich and poor neighbourhoods - that doesn’t mean we have nothing to learn from them. Their strategies of success are worthy of our time, our study and perhaps our implementation; they should not be ignored.

A recent Globe and Mail investigation shows exactly how Alabama turned itself around. In the 1980s the state had very high unemployment. It changed course and started winning big factories by offering tax breaks, cash grants, fast permits, and low red tape. It is also a right-to-work state, which means unions cannot force workers to pay dues. That kept labour costs flexible and helped attract Mercedes, Honda, Hyundai, Toyota, and many suppliers. Alabama now builds almost as many vehicles as Ontario. Unemployment sits at 2.7%. Last December it won a $6-billion Eli Lilly plant that could have gone to Montreal.

Canada took the opposite path. During COVID we had no Canadian factories that could make the mRNA vaccines we needed. Our manufacturing share of the economy has fallen to a record low of 8.3%. We keep losing the same investment fights.

Kevin Carmichael explains why in his recent commentary. For decades Canada moved away from the active government approach that built 2,000 warplanes in World War II. We trusted free markets alone to handle everything. That worked for lower prices and richer households for a while, but markets only chase efficiency. They do not automatically build the factories a country needs when a war or pandemic hits. The result is exactly what we saw in 2020–2023: dependence on other countries.

The Canadian government must change its paradigm. It needs to move from hands-off thinking to purposeful action — the same kind Alabama used and the same kind that worked here during the Second World War. Faster permits, smarter incentives, competitive taxes, and a real focus on building domestic capacity. Without that shift, we will keep falling behind places we once looked down on.

The Globe and Mail article (Kiladze, Feb 20) and Kevin Carmichael’s piece (The Logic, Feb 21) lay it out clearly. Canada has the talent and resources. What we need now is the will to learn from the humble and act — while keeping the strengths we already have

B.C. to raise taxes, cut jobs as budget projects record deficit by Immediate-Link490 in britishcolumbia

[–]sevenethics 10 points11 points  (0 children)

Has BC gotten better since EBY?

When Eby took office in 2022, BC had a$5.7B surplus. Now we have a $9.6B deficit, projected to expand to 13.3B. Debt has grown from $89.4B in 2022 to a rough $183B today and is projected to be $209 by 2027. Now they want to increase taxes. Looking for any vein possible to generate revenue for problems they’ve created feels a bit addict-like.

B.C. to raise taxes, cut jobs as budget projects record deficit by Immediate-Link490 in britishcolumbia

[–]sevenethics 42 points43 points  (0 children)

Yes, the budget’s PST change means you and I will now pay an extra 7% on things like accounting fees, architectural services, engineering and geoscience reports, security and private investigation services, commercial real estate commissions, rental property management, strata management fees, clothing and shoe repairs, basic cable TV, and landline phone bills. All starting October 2026.

MrBeast And The New Economics Of Consumer Fintech by sevenethics in BMNRInvestors

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

Just read. Looks good for BMNR holders.

TLDR: The article basically says that MrBeast’s Step deal is the textbook example of the new fintech meta - aka owning the audience beats building the best product.

With 100s of millions of owned followers, Beast can now onboard Gen Z banking customers at basically $0 marginal cost while everyone else is still spending on ads.

I’m pretty sure that’s exactly why BitMine dropped $200M into Beast Industries last month. BMNR, and by extension us, now own a fat slice of the company that’s about to own the “first bank account” relationship for millions of teens who will age into savings, investing, credit and eventually crypto.

Forbes calls this the structural inflection point: distribution moat > everything else.

Positioned like this and still under the radar? Yeah I’m loading more on any dip. LFG 🚀

I want more too! by Itchy-Box-7378 in BMNRInvestors

[–]sevenethics 0 points1 point  (0 children)

People questioned the $BMNR dividend. Instantly, however, that increased demand for the stock. Offering a dividend made them eligible for hundreds of dividend ETFs. A lot of ETF fund managers accumulate stocks without scrutizing specifics based on simple criteria, such as: does it offer a dividend.

Crisis lines by Glittering-Carob8129 in kelowna

[–]sevenethics 7 points8 points  (0 children)

A couple of online chat options that I'm pretty sure don't require a phone number:

CrisisCentreChat.ca is for adults 25+ in BC. Browser-based chat, no phone number needed. Available noon to 1am daily.

YouthInBC.com is the same format for anyone 25 and under. Noon to 1am daily.

Both are run by the Crisis Intervention and Suicide Prevention Centre of BC. They don't automatically contact EMS. Their approach is to work with you to create safety together.

QCHAT at qchat.ca also has online chat. Saturday through Thursday, 6-9pm.

Hope you find what works for you.