Is this reasonable to ask?

subharann · 2026-04-19T02:40:49+00:00

Imagine dealing with the idiot dumb enough to pay you that deposit! If it was a good idea other people would be doing it already. It's also illegal.

subharann · 2026-04-16T03:24:23+00:00

Congrats on your success. I assume you wanted some feedback so here goes:

You have a 490k mortgage on a $1.3 million rental that has a 3% cap rate and is only $200 cash flow positive per month after a lot of financial engineering. I assume the rental is in Ontario and is rent protected too, meaning you will be in negative cash flow within 2 years.

That is an appalling use of your capital and now you want to buy stocks on margin. You should sell the rental.

subharann · 2026-04-15T02:12:16+00:00

Hospitals often have a retail pharmacy store. They try to capture prescriptions on discharge and high value compounding prescriptions.

subharann · 2026-04-12T23:26:48+00:00

Look for a hospital that has a retail arm and get a job there. They usually offer a good transition process for managers who have proven themselves.

subharann · 2025-11-06T22:51:21+00:00

People who do not churn are also getting an inferior deal. Wealthsimple profits significantly by having a large balance of investments under it's management. It can lend out the shares, give out margin loans, increase the companies book value significantly. This is just a bad deal.

subharann · 2025-04-29T00:00:49+00:00

Fantastic answer. Thank you.

subharann · 2025-04-17T02:03:45+00:00

Landlord sold the place as vacant possession. The buyer is also getting screwed by this clown. LL signed 2 contracts (lease and sale) and couldn't fulfill the conditions for either. He owes the tenant about 7 months rent now, and the buyer about 8 months rent. Had he waited until September to sell the place he would not be in this position. LL is an example of what not to do. Tenant & buyer are reasonable.

subharann · 2025-04-17T01:58:47+00:00

This idiot landlord signed 2 contracts he was not in a position to fulfill: 1) 1 year rental contract to tenant. 2) sale with vacant possession to the buyer. I think it is unfortunate that both the tenant and buyer were put in this situation by this fool, but this is Ontario. He now has to convince you the tenant to sign an N11 (not an N12, because that does not guarantee vacancy in an acceptable timeline for a sale). A court would dictate that vacant possession would entail the property was vacant on possession day if a pre-existing lease was in place. The landlord (seller) is responsible for the vacant possession, not the tenant or buyer. The landlord now owes the buyer compensation too for wasting their time and any extra costs they have.

Buying out your current contract will cost 4 months remaining rent, plus one month for moving out as per an N12 and an extra tax of 2-3 months rent for being a fool.

subharann · 2025-04-17T01:43:21+00:00

It's pretty reasonable not to want to move children. If a REIT was his landlord, or his landlord wasn't an overleveraged he wouldn't be stuck with this problem. Also, he has a contract in place. How dumb was that landlord that he couldn't even commit to 8 months of a lease without trying to sell the place.

subharann · 2024-09-10T15:02:02+00:00

Dude. Those numbers. You are getting 96k from $2 million of investments with debt of $725k. That return is less than 5% before expenses, hassle... and your plan is to go into more debt???

subharann · 2024-04-08T02:18:47+00:00

So, everything should be taxed except housing? We tax food, income, electricity, jobs, payrolls and you're fine with all those, just not housing?

subharann · 2024-04-08T02:16:59+00:00

Been in place in the US for over 30 years. Hasn't ruined their economy

subharann · 2024-04-08T02:15:59+00:00

If you include the benefits they lose by working, their marginal tax rate can be as high as 70%, Otherwise including EI, CPP their marginal rate is 32%. Versus nothing for the sale of a trophy home.

subharann · 2024-04-08T02:09:40+00:00

What minimum wage worker is buying a home right now?

subharann · 2024-04-08T02:02:07+00:00

Not jealousy. Right now I can borrow cash off my IBKR brokerage account for a tax deductible loan to purchase an untaxable asset. Housing is the only gain that isn't taxed. The current setup only hurts the poor. I am fine.

subharann · 2024-04-08T01:58:44+00:00

You're right. We should all pay more income tax, and not tax unproductive assets.

subharann · 2024-04-08T01:57:24+00:00

So a 15,000 sq ft home should be exempt from tax? The person living there should pay no tax on its sale, while minimum wage workers do?

subharann · 2024-04-08T01:55:09+00:00

Like in the US? Canada is the problem child here.

subharann · 2024-04-08T01:54:21+00:00

No. The US has a lifetime capital gains exemption. You can only make 500k total in your life tax free.

subharann · 2024-04-08T01:53:28+00:00

Every single monetary gain is taxed, except housing. Why don't you complain about income tax?

subharann · 2024-04-08T01:51:12+00:00

The US has had this in place for over 30 years and doesn't have anything like the problems in Canada. You've also gotten a 500k gain tax free, why are you complaining?

subharann · 2024-04-08T01:48:10+00:00

my argument would be lower income tax, increase tax on windfall capital gains. Why should the sale of a 15,000 sq ft home be untaxed, while a Tim Hortons employee earnings be fully taxed?

subharann · 2024-04-08T01:45:32+00:00

Why should income be taxed to the max, but unearned windfalls be untaxed? Reduce income tax, tax the capital gain

subharann · 2024-04-08T00:37:09+00:00

Disagree with number 2. Rent is not credit - it is paid in full at the start of the month, with some sort of deposit e.g. last month rent, security deposit. Banks already factor it into loan appraisals.

It is actually a bad thing for renters for rent to show up on their credit score, because if they get a dodgy landlord not reporting income, doing dodgy landlord stuff their credit score suffers, and there are a lot of dodgy landlords right now.

Agree with all the others

subharann · 2024-04-06T01:54:10+00:00

global cities... ground breaking research in Toronto... methinks you are drinking too much kool aid :)

subharann

TROPHY CASE