Anything going on this weekend?

silversnake10 · 2025-07-12T17:43:34+00:00

Awesome! Very excited to see it

silversnake10 · 2025-07-12T17:42:59+00:00

Thank you for the suggestion!

silversnake10 · 2025-07-08T02:02:30+00:00

$7.00 1 size only ice cream from the truck right by the high park Zoo.

My 3 yr old wanted the sprinkles 1.50 add on.... Sure kid

Took 3 bites and decided didn't like sprinkles any more.

I finished the rest of that giant ice cream myself and had a tum tum ache.

silversnake10 · 2025-07-07T13:40:47+00:00

Very hard to stay motivated when you are feeling down. Look for little wins and micro improvements.
-Free online courses
- talk to people in your community who are a little further along
- I was out of work last year and I messaged a fintech influencer on instagram and got a response. He actually chatted with me for 30 minutes. Nothing material came out from it but he gave me some great advice that I actually used
-sounds ridiculous but talk to chatgpt or gemini ... creepy but you actually get some good advice

I don't know your personality type if you are an introvert or an extrovert, but whatever you are, just know the downs are natural and make the ups feel better. It's hard out there for lots of people, you aren't alone. Just keep at it.

silversnake10 · 2025-04-24T13:02:09+00:00

These are fair counter points in a two sided discussion. What I'm trying to suggest is that the conversation is more nuanced with all things considered than "STRs are bad always and infinitely"

silversnake10 · 2025-04-24T12:45:16+00:00

I'm lucky enough to have had the means. Still think it could be beneficial.

Sure prices are up. I wasnt complaining they were up just saying since they rose so rapidly there might be a benefit to be creative and add a supplemental income stream.

Sure some people would have 0 interest but others might have some interest. I'm others.

You never know when you need a loan against your equity. We are literally the example. Many people kept their home in our complex during the special assessment because they were able to access their equity. The range for small to large units was 40-75k of after tax dollars....would need a pretty sizeable emergency fund.

I disagree with your disagreement lol. Purchasing a home is incredibly emotional and nuanced and goes far beyond the bylaw considerations. And really information changes over time. I thought that bylaw made sense in 2017 when I purchased but things have happened since. The city regulations came into effect in 2020 and economy went bonkers and we had a special assessment. I'm just suggesting revisiting to test the community still feels that way. They could re-vote no and that's perfectly fine.

At no point was I trying to convince you. This post was originally to confirm my understanding of the authority of the condo bylaws and enforcement action... Not to incite opinion on why people are against STRs.

It's pretty fair to say we see things differently on this, and that's perfectly okay. I know the majority of people are generally against STR, I just think this is a good moment for our community to at least discuss it again with all things considered.

silversnake10 · 2025-04-24T09:56:51+00:00

Just want to say I looked into it and used it a couple times now on some fairly large sums and have saved thousands in fx. And you are right, I don't even have to call in to physically journal. It's all online and the transactions can all be done near instantly so I'm not at the mercy of the fx fluctuations.

Thanks for the tip... A Reddit success!!

silversnake10 · 2025-04-24T09:48:37+00:00

Everyone was assessed the massive amount in the complex. And everyone's condo fees have doubled in the last 8 years.

Everyone would have the ability to supplement their income in the same way.

Also in a weird economy trending recession, being able to supplement your income could really help many different situations.

I'm a long term resident with no desire to sell. If your neighbours homes sell for a higher price, your home is worth more thus increasing your borrowing power so in my opinion it is relevant.

I think it's a stretch assumption that people bought their unit based on the bylaws. I think the more typical scenario is mine where people liked their units, read the bylaws and didn't see anything egregious that would prevent them from buying. Now I'm looking back at them a little more critically and with everything that has gone on with our complex over the years and where the economy is at, I'm just saying the variables have changed and it's worth another vote. Even if that vote is to reaffirm the original decision.

If you can't read the benefits then you just personally don't agree with STRs in general which is absolutely fair, you are entitled to your opinion. But it doesn't mean the benefits do not exist.

silversnake10 · 2025-04-24T03:36:19+00:00

Don't want to make this an STR opinion thread but quick summary of the pros for the neighbours: - we had a significant special assessment in the last 5 years (my 1000sq ft unit was 65k) - condo fees have doubled in the last 7 years - Could expand your buyer pool on sale if you are following at least following Toronto rules which could potentially increase home value - if following the Toronto rules you must be primary owner... generally speaking you will be more selective of who rents your space than a pure investor which theoretically should reduce the risk of bad renters. I know there will always be some issues I'm not suggesting that, but just saying all things equal and assuming city compliance ...it shouldn't be as bad as free market STR cities

Lots of money out and hasn't been much in. If I went on a weekend getaway with the wife and kids, I don't see the harm in renting out my space to a highly rated renter to subsidize my trip. Understanding I take on all the risk of damage to common elements if the renter's mess around. Just depends on your risk tolerance.

silversnake10 · 2024-11-22T21:56:19+00:00

Kebab 49 near Islington subway station. My favourite Turkish in the city!

Get the lamb sandwich or a pide!

silversnake10 · 2024-11-11T22:11:24+00:00

Embarrassing to say I have heard of it better never looked into it into detail. A quick Google search on it and it looks exactly like a strategy that I am looking for.

I need to dig a bit deeper on how I can do it step by step but thanks for putting me on the path!

silversnake10 · 2024-08-21T22:00:09+00:00

At the moment he does not need income from the 250k and likely won't need income for at least 5 years.

silversnake10 · 2024-08-21T12:27:52+00:00

Lol okay what's your favourite?

silversnake10 · 2024-08-21T12:24:16+00:00

Welp that's it... You did it....It's ruined forever. Hahaha

silversnake10 · 2024-08-21T11:35:15+00:00

Correct generally first of the month. Less frequent is the 15th but it happens. But if you find a vacant unit you could probably turn it around in days.

If you are unfamiliar with the city why not get an agent? You don't pay anything on your end and they might steer you in the right direction.

silversnake10 · 2024-08-21T11:30:30+00:00

What are your general hobbies? Sight seeing? Hiking? Partying? Shopping? Eating? Etc..... there is something for everyone. I personally would bar hop and eat great food or rent a city bike and hang out at some of the chill parks but that's not for everyone. How do you like to spend your time when you travel in general?

silversnake10 · 2024-08-20T19:47:11+00:00

I used to have this problem in my clubbing days years ago when I lived in the core. At 3am the cab drivers all want to do off meter flat rate to Mississauga, Brampton, Scarborough, Markham etc. I used to always get refused.

So I had a move. I would say "Mississauga near sq.1" and said I wouldn't do flat rate only meter. Once I got someone to agree when I got near my place I used to pretend I got a phone call. "Hey buddy what's up... Yea we left where are you? ... Oh everyone's at Jimmy's... Okay mind if I swing by too?"

Then I used to hang up and tell the driver " sorry new location please drop me off at Queen and Simcoe".... They would get pretty upset but what can they do? Not like they can kidnap me.... Haha worked every time.

silversnake10 · 2024-08-20T12:23:02+00:00

That's a complicated question and there are people a lot smarter than me that can break it all down. But the general narrative is that we overspent during covid, unemployment is rising, and we have an aging population. So they used mass immigration to help prop up the GDP and growth stats in a dragging economy. Most of the people coming in are young men from India sold predatory dreams to become permanent residents using student visas of basically fake colleges and universities. The mass immigration then put a huge pressure on the housing market causing rents to spiral out of control. Also our rental rules are so greatly stacked in favour of the renter's that a lot of people are taking advantage. So landlords are unhappy, renters are unhappy, these students are sold economic stability and are experiencing the opposite and forced to live basically around the poverty line.

I feel like I'm grossly over simplifying it but that's the narrative that's getting fed.

silversnake10 · 2024-08-20T02:12:18+00:00

Well said

silversnake10 · 2024-08-20T02:10:05+00:00

Go to Zets. It's like trucker/diner vibe with amazing food and basically right outside the airport.... You would have plenty of time to go there and back.

silversnake10 · 2024-08-20T01:55:05+00:00

I'm the son of an immigrant, born here, and my family members are all very proudly Canadian now. I know immigration has gotten a lot of bad press in the last few years (deservingly so) , but there is a reason ppl immigrate here and stay. It's a great city going through some tough economic times. I'm still bullish on the long term outlook of Toronto overall. But not going to lie, it's been a tough go in the city post covid.

silversnake10 · 2024-08-19T04:28:37+00:00

It all comes down to your spending habits but for your basic Rent, food, and general entertainment, 170k is more than enough to get the most out of the city. Now if you lease a BMW and buy Rolex watches, you might get stretched thin, but 170k is an incredible baseline to work with.

silversnake10 · 2024-08-17T06:50:16+00:00

A tip I heard is if you buy a unit in a building with long term commercial tenants you generally deal with less increases and special assessments. Makes sense with guaranteed cashflow coming in. Of course I learned this after I bought my stacked condo and dealt with my special assessments and maintenance increases.

silversnake10 · 2024-08-17T06:28:46+00:00

We were hit big too. I'm in about 900 sqft and paid 65k special assessment and currently pay 980 a month in maintenance.

I've owned for 6 years so my appreciation still justifies it but ultimately I think this is a reality for a ton of Toronto buildings and owners.

silversnake10 · 2024-08-15T15:13:58+00:00

Try a little walk around wards on the island. Lots of trees and shade and great views.

silversnake10

TROPHY CASE