WeneedLumme
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Posts posted by WeneedLumme
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8 hours ago, Warhippy said:
Maybe you should try taking this seriously and understand my irritation If you can't or don't that's fine but being dismissed by someone who refuses to read the data that is rpesented is beyond insulting and quite frankly I don't give a randy shart if you think my response is childish. I'll call anyone out for their behaviour as much as people will mine and for the same damned reasons.
And I will call out anyone who fabricates numbers to support a position that is clearly contrary to facts. Calling someone who buys a condo or two for an investment a "corporation" is silly. And again, saying that 60% of home sales are going to investors, let alone corporations, is beyond silly.
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2 hours ago, Warhippy said:
They all lead back to the same series of studies.
Maybe try reading them instead of being a dismissive and smarmy douche
Just saying
Business/Company/Corporation/Investor. This includes investor ownership of a home in which income is derived from short term rentals or air bnb style rental occurences in which income is derived.
The fastest growing demographic in Canadian housing is the renter demographic. This directly suggests that investor properties are being built and purchased in far greater numbers than before in Canada outside of the 1960s boom. As the owner of an investor property owns the property solely to derive income or profit.
With the recent growth in apartments, dwellings built since 2016 are more likely to be occupied by renters compared with the older housing stock. Just over two in five dwellings built from 2016 to 2021 (40.4%) were occupied by renters in 2021, a higher proportion than any other era of housing stock, except for dwellings built in the 1960s post-war apartment boom.
The decline in homeownership is a reflection of the trends in new construction connected to the densification of large urban centres. Apartments in high-rise buildings with five or more storeys made up the fastest growing building type from 2016 to 2021, rising over twice as fast as the overall stock of private dwellings (+14.7% vs. +6.4%) and accounting for 34.4% of dwellings in Canada.
Condominiums that are tenant-occupied are most often owned by individuals (as opposed to corporations or other entities), likely as an investment property. According to the Canadian Housing Statistics Program, over three-quarters (77.1%) of the condos in British Columbia and over two-thirds (69.1%) of those in Ontario that were not being lived in by the homeowner were owned by individual Canadian investors. Condominiums are typically less expensive than houses and offer owners an opportunity to invest in the real estate market with an asset that generates both rental income and wealth.
Specifically, the following owners are considered to be investors:
- A business or government that owns at least one residential property, excluding Canadian non-profit organizations.Note Given the predominance of businesses in this category, they will simply be referred to as “business” in what follows.
- An individual owner who is not resident in Canada, referred to as a “non-resident investor” below.
- An individual owner who lives outside the province where they own residential property, referred to as an “out-of-province investor” in the province of the non-principal residence.
- An individual owner who lives in the province and owns two or more residential properties, or owns a property with multiple residential units who does not occupy that property. These individuals will be referred to as “in-province investors”.
Maybe try reading them instead of being a dismissive and well.
You know
Maybe you could bold the part where it says 60% of the homes are being purchased by corporations? I don't see it, and really I can and do read.
Even if you want to consider any person who buys even one condo for an investment to be what you called a corporation, where does it say that 60% of homes are being sold to investors?
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.Colmar says some of the key factors to watch for are further interest rate hikes and employment levels – warning that if rising unemployment levels combine with spiking mortgage rates Canada could face a situation similar to the 2008 crisis in the U.S.
A couple of points: (1) If unemployment levels rise significantly, the BOC will not continue to raise interest rates, but will cut them, and
(2) Everybody buying real estate in Canada has at least some equity and an income sufficient to make their mortgage payments, unlike the NINJA (no income no job no assets) mortgages which led to the 2008 US crash. So not really that similar.
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4 hours ago, Warhippy said:
It's not JUST corporations, it's companies. Companies from those papers are also designated as being people holding multiple homes (more than 2) for the sole purpose of investment/financialization and income return.
4 hours ago, Warhippy said:This came from a column I posted a few pages back regarding the financialization of canada's housing sector
Edit*. Added links
https://www.homelesshub.ca/resource/financialization-housing-canada-1
https://sicanada.org/program/financialization-and-housing/
https://www.cmhc-schl.gc.ca/nhs/nhs-project-profiles/2019-nhs-projects/financialization-housing
https://socialinnovation.org/offering/financialization-of-housing/
Nice set of links. So which one of them shows the data that 60% of homes are being purchased by corporations? Btw, company and corporation are synonyms.
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2 minutes ago, bishopshodan said:
whats the time frame of 'now'? where are your 3 in 5 stats from...
is it the same in BC?
I would call BS on claims that 60% of homes in Canada are being bought by corporations. That sounds like a totally fabricated number that is probably at least 10 to 20 times higher than the actual percentage.
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2 hours ago, bishopshodan said:
He says the bubble bursting is 'inevitable' then a min later says ' wouldn't say it's imminent'
He couldve been talking about mortgage rates rising when he said the second part.
How long has the bubble been going/growing?
What are the thresholds that signal the market is in a bubble? I figure someone on here can tell me...income to home price? some comparisons to the USA?
I have been hearing about a 'bubble' for over a decade. If I had panicked and got out of the market, or downsized, I would have missed out on a lot of money. In this very thread there were posters saying the sky is falling back in 2016. I remember well as I was gearing up to buy my biggest purchase. So glad I didn't listen.
Not saying there isn't a downswing coming, not saying there isn't a problem, just saying that people have been calling this for a long time.....maybe it's just a long time coming?
In related news. My niece and nephew, along with their partners just bought 124 acres in Nanoose for $1.42 mil. It backs onto crown land with tons of great lumber.
Very happy for them and stoked at the opportunity. They can build a home for each couple and split the land.
Cost of build plus $721k for a home on 62 acres, per couple, in a great part of central island. That's a success story in the making.
Many people who like to talk about the "bubble" bursting seem not to be aware of the full term, which is "speculative bubble", meaning that a market is being driven by short term speculators betting that prices will continue to rise, allowing them to make a quick profitable flip, not by demand from actual end users.
An example of a real estate bubble would be one of the Chinese cities where 20 or 30% of the homes are sitting empty because they were built and bought on speculation that prices would continue to rise, not for any underlying demand.
While a place like Vancouver can and does certainly have price corrections when prices get excessive, when there is an ongoing shortage of a commodity, ie: excess demand from end users, calling it a "bubble" and expecting a massive price crash is unrealistic.
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6 hours ago, HighOnHockey said:
September 14 Orebro plays Leksand.
Wish ours did. Starting in mid September and finishing in May would be way nicer than starting in mid October and finishing the playoffs in mid June.
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4 minutes ago, CRAZY_4_NAZZY said:
Part of me wonders, with the glut of wingers and forwards that are waiver-eligible, whether Podkolzin might end up in Abbotsford due to a numbers game and being waiver exempt. Should he have an average camp, I could see that happening, but would be very worried if he doesn't have a good camp. He and Nils Aman are both waiver exempt still, and with Tanner Pearson slated to return (without a trade in place) and coming onto the active roster, the only way to be cap compliant is to waive some forwards or send down the ones who are not waiver eligible.
I could see him getting sent down briefly at the beginning of the season for cap reasons, but I think he is too skilled, hard working and motivated to be there for long. They will make room for him.
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3 hours ago, Canucks Curse said:
Who like the deal?
me
poeples who watch the hockey
them blue and green guys with the sticks
the peoples whom want to see wins
yeah all of them
Who dislikes the deal? A handful of armchair GMs who like to believe that their (EA NHL honed) negotiation and team assembly skills would always have enabled them to make a better deal, whenever they wanted to.
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On 8/1/2023 at 10:20 AM, canuck73_3 said:
Push starts are generally harder to steal, The Hyundai/Kia thefts recently were all on key cars. The pushbutton ones were fine.
Smart keys, which go with push starts, give car thieves new ways to steal cars. Ways that do not work against key cars.
https://www.carwow.co.uk/blog/keyless-car-theft-prevention#gref
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2 hours ago, HockeyLover17 said:
Went to White Rock Honda and asked them if they're not interested in buying a used 2017 civic SI and he thought I was crazy. I told him the story and he said he's never heard of something like that. He asked me a series of questions (he was the car appraisal person) and said without even looking at the car the lowest they'd offer is $22,000 because it would be an easy sell at $27,000. Very honest and forthright. That seems fairly accurate to auto trader / Kbb.
Asked if I could use his appraisal to stick it to the other dealer and he said absolutely. At the end of the day, it's not a NEED it's a WANT, so I'm not going to be swindled. But I am going to speak with the GM because quite frankly, agreeing on 2 separate quotes then backing out and lowballing me has lost all trust / faith in that sales manager. I will not deal with him.
Sounds to me like you came down too easily on your price, so they assumed that they could keep chiseling you. They will squeeze every penny they think they can get from you, and if you seem easy....
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On 7/7/2023 at 10:19 AM, thedestroyerofworlds said:
I thought I'd drop this here. There are numerous mRNA treatments/vaccines being tested right now. This is but one example. Cancer treatments get tested and approved using clinical trials that have significantly fewer participants than the Covid mRNA vaccines. We should be thanking the development of the Covid mRNA vaccines because they proved the technology on a vast scale. Now, these specialized mRNA treatments/vaccines can make their way into our lives. Saving lives.
MSK mRNA Pancreatic Cancer Vaccine Trial Shows Promising Results
That's excellent news. I wonder, if and when this vaccine is released to the public, if the Luddite anti-vaxers will still refuse to accept mRNA treatments. They seem to be absolutely determined to qualify for the Darwin Awards. I would be fine with that, since for the most part cancers are not contagious, unlike Covid.
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4 hours ago, Tinky-Winky said:
DAM, canucks fans are never happy, so much hate and anger on social media on this poor guy ....its stupid
Seriously? I see a lot of very happy Canucks fans with just a couple of trolls spouting their usual crap pretending to be clever and knowledgeable. Where are you looking, HFBoards?
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8 hours ago, Wilbur said:
Sounds to me like somebody is trying to get the Covid thread moved to the Adults Table
I would imagine that the anti-vaxers have mixed feelings about that. On the one hand they like to pretend that Covid doesn't exist, and hiding the thread in the Adults Table would help them with that goal. But on the other hand, they enjoy trolling civilized people, and hiding the Covid thread would limit their opportunities to do that.
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33 minutes ago, thedestroyerofworlds said:
Tell us of a side effect that occurred after 60 days for any vaccine. We will wait.
We will shortly reach the 3 year anniversary of the thousands who participated in the clinical trials. There are millions who have been fully vaccinated for 2 and 1/2 years. It's been 2 years for me. And many of those have had boosters.
We're all waiting for these long-term side effects to kick in.
Has anyone ever convinced an anti-vaxer to actually think about anything that conflicts with their agenda? Facts and logic mean nothing to the willfully ignorant.
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1 hour ago, bishopshodan said:
Maybe it's time for the decision making power to be taken away of municipalities.
I think the provincial government has already done something in that vein, eliminating single family zoning throughout the entire province, forcing municipalities to allow multiple housing units on every piece of residential land. Unfortunately, being politicians, you can count on them implementing this idea in some really stupid way that they think will appeal to their constituents.
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As everyone who is not living in a cave is aware, we have a housing shortage in Canada, and more specifically in the Lower Mainland.
I see the clowns in Burnaby City Council are doing their bit to alleviate the supply shortage by turning down a proposal from their planning staff to encourage developers to build more non-market rental housing. The proposal would allow the developers to build more condos (also alleviating the housing shortage) to compensate them for the cost of building the (unprofitable) required non-market housing.
What a terrible idea by the planning department, eh, to encourage developers to provide more housing, both market and non market? No wonder council killed it, after all, everyone on city council already has a home, right?
This brilliant move by these clever politicians is rationalised by the claim that the calculations for this "offset density" are "confusing". Apparently for any proposal to be acceptable to them, the calculations in the Zoning and Development Bylaw must be simplistic enough to be easily understandable by these politicians and their constituents.
Unfortunately, the real problem is that this city council is very left wing, and consequently choose to hold the belief that the path to universal prosperity includes killing the geese that lay the golden eggs. No doubt that in their minds killing this proposal (by their own planning staff!) will cause developers to build huge amounts of rental housing without any of those horrible condos that aren't real housing. Makes perfect sense, right?
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14 hours ago, chon derry said:
Commercial drivers which includes bus’s
Them for sure. But of course there are far more bad class 5 and 6 drivers on the road than there are bad class 1 to 4 drivers., they are just operating somewhat less deadly weapons. Regular testing (and higher standards, like maybe at least Class 4 level tests for all drivers) is not a really bad idea, and obviously would improve public safety. Any competent driver who spends any time on the road can easily see that.
But as far as age goes, everybody has different skill levels and ages at different rates. Some people are looking and acting (and driving) elderly while still in their 50s, while others appear, act and drive much younger in their 70s. Ageist attitudes are generally a function of youth and inexperience. Anyone who assumes that 65 is elderly in the 21st century is demonstrating their ignorance.
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21 hours ago, chon derry said:
I see less and less people using signals lights I also see people using their signals and other drivers not responding to the others signalling ,almost as if their thinking that person isn’t going to turn he must have left his so signal on. Also the right hand rule at 4 way stops is all but gone by the way side. The % of immigrant drivers who aren’t familiar with comparative stringent legislation than what their used to , is higher than ever. This is not me being racist it’s an observation of a retired truck driver. You’d have to be blind not to see it.
I am familiar with the right hand rule at uncontrolled intersections, but at 4 way stops the driver who came to a stop first at the intersection has the right of way, regardless of who is on whose right. That was definitely the case when I received my professional class licence a half century ago. Has this changed since then?
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Wilful ignorance about deadly, tragic situations is disgusting behaviour that deserves to be insulted.
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17 hours ago, Warhippy said:
See here's the issue.
While that may have been true regarding electronics and items of convenience.We are now talking about food. Fuel. Housing. Heating and electricity.
We are talking about items in which without them, people literally die. The "market does not dictate" the prices of this as much as corporations do. Why? because without these staples people die.
Actually, supply and demand apply to everything in a free market. For example, yes fuel is a necessity. But that doesn't mean that people will consume the same amount regardless of the price.
When fuel prices are high, consumers change their behaviour to buy less, by doing things like turning down their thermostat (or turning it up in the summer), carpooling instead of driving separately, changing to more fuel efficient vehicles or leaving the car at home and taking transit, etc. When fuel prices are low, people do the opposite.
And when energy companies are unable to sell all the fuel they have available and want to sell, they are forced to lower their prices until the demand from consumers increases to match the supply.
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On 5/17/2023 at 2:15 PM, Warhippy said:
Corporations set the prices of EVERYTHING in a free market society like ours.
I have seen you saying this a number of times. It is not correct. The Market sets the prices in a free market. The Corporations/Suppliers are only one side of a market. The demand side is equally significant. If consumers are not willing or able to pay the prices the suppliers ask, they buy less or they don't buy at all.
Corporations, like any other sellers of anything, will typically get the most money they possibly can. Consumers, like any buyers of anything, will typically pay the least money they possibly can. Things like competition, shortages, government subsidies etc. will all have effects on where the equilibrium price settles.
Of course putting money into the hands of consumers increases their ability and willingness to pay higher prices. And of course when that happens, sellers will raise their prices. Expecting otherwise is unrealistic.
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45 minutes ago, Wilbur said:
Aw crap, I'm on borrowed time!
Evidently so are all the rest of the 5.5 billion people who have been vaxed. Apparently we have entered the world of "Idiocracy" where only the people from the far left side of the IQ bell curve will survive.
One of the funniest ones I have heard was from a woman who stated that she can have no physical contact with vaxed people because the MRNA vaccines change the recipients' DNA so that she is now allergic to anybody who has been vaxed.
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On 5/15/2023 at 1:02 PM, Gurn said:
just got back from Freshco
Noticed that the bag of McCain's hash browns-which has been $2.99 for 900 grams for a few months; is now that price but is only 800grams now.
Shrinkflation strikes again. 12.5 % smaller package, same high price.
Add on- the product isn't all that great either, Sometimes fresh yellow spud bits, or cubes, other times russett cubes, or bits; and still have to pick out the black bits.
I'll be price checking at Save-on, might be buying from them in the future.
11.1 % smaller, not 12.5, but 12.5 % more per gram.
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Ilya Mikheyev | #65 | RW
in Current Roster
Posted
Would it really be so horrible if Mik wasn't ready to play and stayed on LTIR until sometime during the season? It's not as if we will need to be using Megna or Chaput to fill in for him. We have an abundance of wingers, some young, promising, deserving a shot and who are worth watching.
Injury depth is part of the game. Anybody remember a dozen or so years ago when it seemed to be a given at the start of the season that Bieksa was tradebait because we had too many solid/expensive #2/3 Dmen? But through the magic of LTIR, when the playoffs rolled around we still had: Salo, Hamhuis, Edler, Ehrhoff, Bieksa, Tanev, Ballard...