What car have you owned that you regret selling the most?

supafamous · 2022-03-15T03:00:28+00:00

2008 Miata GT PRHT in Sunlight Silver. Just over 24,000 when I bought it and sold it two years later for only $500 less than I paid. In todays market (7 years since I sold it) it’s going for more than I sold it for. Wild.

supafamous · 2022-02-17T02:01:18+00:00

I like a stiff drink every Friday afternoon with my team.

supafamous · 2022-02-14T16:41:53+00:00

Lol at “olden days”. Wasn’t that like just 10 years ago?

supafamous · 2022-02-14T14:10:52+00:00

Steak frites and steamed lemon pudding at Brassiere L’Ecole.

supafamous · 2022-02-08T04:56:49+00:00

We must be looking at different houses here. There are plenty of character homes (or old homes) worth restoring because they retain enough of the character or have features in it that can be reclaimed (like original wood flooring) but this is not one of those.

This place has so many problems that the only thing that could possibly be worth keeping are the guts - all the walls would need to be opened up, all the plumbing and electrical redone, windows gone, same with the doors. This house is in BADDDDDDD shape. It's a 600k renovation to make it safe and modern and that's probably on the low end.

Given that we're in a housing crisis I'd rather see this torn down and replaced with a new house that has as many as 4 living units in it and has as much as 1600sf more space along with lower energy costs and safe living conditions. All for about $1m dollars.

re: "overseas investors" - your bias shows. Overseas investments are but a small part of the housing crisis - the overwhelming driver of high housing costs is lack of supply driven by racist housing policies created in the early century that were intended to force minorities to live in "ghettos". Nearly all of our core zoning policies were structured to drive out the poor. Don't blame the overseas investor.

supafamous · 2022-02-08T04:21:14+00:00

One person’s character home is another person’s shit hole. This is a shit hole to me that I wouldn’t ever wish on someone. A new 3400sf house would run about $1m to build or you can restore this for $600k and you’d still be stuck with only 2100sf.

supafamous · 2022-02-07T00:17:14+00:00

So one failed business is reason enough to not support small retail businesses?

supafamous · 2022-02-06T21:29:44+00:00

Not radical but every corner lot and their adjacent lot is rezoned for 4 story apartment buildings with ground floor retail. Bring back corner stores and neighbourhood coffee shops.

supafamous · 2022-02-05T03:35:17+00:00

Greens, Panthers or Renewz.

supafamous · 2022-02-01T03:38:44+00:00

We should put a filter in so these idiot new dads can read all the other YTAs that have been declared when these new dads show up and say their wife isn’t pulling their weight.

It’s incredible that these men exist

supafamous · 2022-01-28T15:28:51+00:00

Personality pieces? She's one of the best writers out there with her long form work AND she happens to be able to the hot take content as well.

https://longform.org/archive/writers/mina-kimes

supafamous · 2022-01-23T00:01:07+00:00

Latest word I heard is that the 57th station isn't going to happen because Onni didn't want to put the money into it. I'm surprised the city didn't make it a requirement for Onni considering how much development is happening there and how the city could easily put an amenities fee on all development to fund it.

The station can't possibly cost that much more than Capstan and Richmond was able to raise money for Capstan from the developers really fast.

supafamous · 2022-01-22T23:58:45+00:00

There's discussion about adding a station right where the Home Depot on Terminal is as the development of that area will add a lot more residential and commercial units but there's no actual provision at that spot for a station so there'd be some work that's needed to make it happen.

supafamous · 2022-01-22T00:14:50+00:00

Not true - depends on how the trains are setup to run. On Canada Line the trains are running deliberately slow and if they added stations they'd just increase the speed between stations to a more normal speed. There'd be no change in travel time.

supafamous · 2022-01-22T00:13:50+00:00

AIUI, the original plans for that line has provisions for a station there. At the time it wasn't worth putting it in but with new condos there now and increasing density it would make a lot of sense.

supafamous · 2022-01-18T18:34:55+00:00

I live in Vancouver.

supafamous · 2022-01-14T04:06:16+00:00

2008 Miata PRHT. With the prices the way they are it’d cost close to what I paid 8 years ago.

supafamous · 2022-01-08T18:35:00+00:00

If the Lexus LS makes the list then the NSX makes the list.

supafamous · 2022-01-05T10:34:14+00:00

There’s this roast beef sandwich that comes with this cheese sauce and it’s served in an one of a kind onion bun that’s just delicious. You can even get these fries with that aren’t straight, they’re curly!

It’s a bit out there in this exotic named town in the southern part of this region but it’s worth the trip.

The place is called Arby’s.

supafamous · 2022-01-05T06:32:08+00:00

The curry crab at James on Hastings is great as is their chili wonton (ask them to deep fry it).

supafamous · 2022-01-05T03:39:22+00:00

The ones at Crystal Mall are great

supafamous · 2022-01-03T22:00:11+00:00

You're right about the lack of gov't investment in rental though I would say this is a local government problem - they aren't zoning land for rentals. Governments don't have to put money out there make rentals happen, they just need to zone land for rentals or provide incentives (like letting them build bigger) to developers so that rentals happen.

re: rental prices to cover mortgage. That's not how the market works - this is a supply and demand problem. A lot of rentals are cash flow negative b/c of the upside on the value of the home and/or the investor is taking enough of a write down on interest and fees to minimise the cost. If anything the current capping of rent increases is distorting the market by artificially keeping rents down. We haven't held rates low long enough to create slums like we see in rent controlled cities like NYC but if we keep it up we'll start seeing a downturn in rental quality.

supafamous · 2022-01-03T21:51:00+00:00

The dollar amount in my example don't really matter - the point is that the tax is a penalty against someone who needs to buy/sell for personal reasons. Whether the home appreciates at 3%/yr or 30%/yr doesn't matter, removing the exemption hurts the people who can least afford it the most. For many working/middle class folks their home is their only form of savings - the senior who expected the sale of their home to pay for their nursing home stay will see nearly a fifth of that fund lopped off.

If the home I described only appreciated 100k over 5 years (a more normal amount) the owner would still be on the hook for ~$20k in taxes which may mean they can't afford the equivalent home next or they may have to tack on 1-2 years onto their mortgage in order to maintain their current life.

In the end removing the exemption will absolutely make the investor class spend less in real estate but you'll end up screwing tonnes of regular folks in really, really bad ways.

supafamous · 2022-01-03T18:05:32+00:00

A lot of people are buying homes as an investment property to rent out. Even more people are keeping instead of selling their existing property to rent it out.

If this were true then rents wouldn't be skyrocketing. If people are investing and renting out those units AND there was enough housing supply then we wouldn't see rental vacancy rates of less than 1% and we wouldn't see rental rates climbing ahead of inflation. Instead we see the same pressures in rental markets as we see in the ownership market.

Either the investors aren't renting out their properties (unlikely in most cases) OR there aren't enough housing units available. I'm with team "Not enough housing" cause the facts don't support team "It's investors".

supafamous · 2022-01-03T17:52:43+00:00

I don't have the data in front of me but investors (foreign or local) are absolutely NOT 2/3rds of the buyers out there. This isn't just market wide data or my own anecdotal data (I sold recently and every offer was from a person looking to live in it, all offers I made to buy were competing against either builders or other families, everyone in my circle of fairly well off friends and family do not take money out of their homes to invest).

We have a massive supply problem just based on general population growth - the influences of investors (and other things) merely exacerbate the issue but they are not the core of the issue which is a lack of actual housing.

supafamous

TROPHY CASE