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Around the NHL: PTO Season Becomes Waiver Season

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Mattilaus said:
I agree it is not just a Canada issue, but that doesn't mean you don't try to fix it. We are buying this year. Of course now you have everyone coming out of the woodwork saying there is a bubble and everything will collapse. Well....I have been waiting for that bubble to burst for the last 20 years and it hasn't happened. We are financially sound enough to weather any kind of storm and are tired of living above and below people in apartments.
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I'm not saying don't try to fix it.

I am just questioning whether the moves that Canada has made will actually help or rather just impact non-voters and not really help anything anyway.
 
Jim Bob said:


US needs to do this to. One of the biggest pressures on the Canadian and American real estate markets is foreigners stashing their money in single family and condo market. That is one of the factors prices have shot up and young people can't afford homes.
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@old kummelweck

US needs to do this to. One of the biggest pressures on the Canadian and American real estate markets is foreigners stashing their money in single family and condo market. That is one of the factors prices have shot up and young people can't afford homes.
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I think there needs to be a separation between corporations, foreign or domestic, buying up single family homes for investment purposes, and non-citizens purchasing one single family home for the shelter they need.
 
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Mattilaus said:
I agree it is not just a Canada issue, but that doesn't mean you don't try to fix it. We are buying this year. Of course now you have everyone coming out of the woodwork saying there is a bubble and everything will collapse. Well....I have been waiting for that bubble to burst for the last 20 years and it hasn't happened. We are financially sound enough to weather any kind of storm and are tired of living above and below people in apartments.
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Less than 20 years ago was the largest bubble in a generation?
 
Jim Bob said:
@old kummelweck



I think there needs to be a separation between corporations, foreign or domestic, buying up single family homes for investment purposes, and non-citizens purchasing one single family home for the shelter they need.
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Why the hell are these guys buying houses anyway when they are going to get traded in two years?
 
Gras said:
Because if they rent then the money is just thrown away, if you buy then you have a chance to recoup or make money on the home in the future.
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The transaction costs of buying a home for a short period of time are immense
 
SnuggaRUDE said:
Less than 20 years ago was the largest bubble in a generation?
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Partially yes, but i think you are comparing apples to oranges here. Remember i am Canadian. Our banks are highly regulated and it really didn't affect much up here. Our housing prices recovered from the slight dip in like a year. Not exactly a bubble.
 
Mattilaus said:
Partially yes, but i think you are comparing apples to oranges here. Remember i am Canadian. Our banks are highly regulated and it really didn't affect much up here. Our housing prices recovered from the slight dip in like a year. Not exactly a bubble.
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here in the states we have massive unregulated aspects of banking that every few decades cause massive economic implosions that ruins the lives of millions but we dont ever change that because regulations are bad for the economy

or so im told
 
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Push Dr Tracksuit said:
here in the states we have massive unregulated aspects of banking that every few decades cause massive economic implosions that ruins the lives of millions but we dont ever change that because regulations are bad for the economy

or so im told
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Sounds accurate. To give some numbers, the biggest hit to housing prices for us here were Q4 of 2008 and Q1 of 2009 when housing prices dropped a total of 6.47%. By Q3 and Q4 of 2009 they had gone back up 7.88%
 
Mattilaus said:
There should probably be some exceptions but this is a needed measure up here for sure. They should have also banned corporate ownership of single family homes, but what do I know.
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They’re not only buying homes. They’re buying entire apartment buildings, sometimes even entire blocks. And nearly all of them cheap out on doing anything to them.

The girl I’m seeing, her house she’s in just got put up for sale (she rents), so she has to move out. She’s currently paying $700 for a three bedroom house, and I looked online at houses and apartments. Nearly everything available is from some company and for $1600+ to $2900 a month, and they want first, last and a security deposit.

With that money, you can put a down payment on a house and still pay less a month for your mortgage.

I don’t feel too bad paying $800 a month for my two bedroom apartment anymore :laugh:
 
MarkusKetterer said:
They’re not only buying homes. They’re buying entire apartment buildings, sometimes even entire blocks. And nearly all of them cheap out on doing anything to them.

The girl I’m seeing, her house she’s in just got put up for sale (she rents), so she has to move out. She’s currently paying $700 for a three bedroom house, and I looked online at houses and apartments. Nearly everything available is from some company and for $1600+ to $2900 a month, and they want first, last and a security deposit.

With that money, you can put a down payment on a house and still pay less a month for your mortgage.

I don’t feel too bad paying $800 a month for my two bedroom apartment anymore :laugh:
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Before we left Toronto we were paying 2100 for a one bedroom and we considered it a steal. The people who rented it after we left are paying 2800.
 
Mattilaus said:
Before we left Toronto we were paying 2100 for a one bedroom and we considered it a steal. The people who rented it after we left are paying 2800.
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My dumpy Gainesville apartment is almost 2K, though it is a 3 bedroom. It's almost 3 times what I paid for my old mortgage... crazy times.
 
Mattilaus said:
Before we left Toronto we were paying 2100 for a one bedroom and we considered it a steal. The people who rented it after we left are paying 2800.
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My first ever apartment it was $220 a month for a two bedroom, and it had a second floor with an office space, or storage, or a third bedroom (even though legally it couldn’t be one, as it didn’t have any way to get outside if needed). It ended up being a band room that a local band rented out for practice space.

That same place is now $1950 a month. On average of my city, that’s around 42.5% of a pre-tax monthly income here for a full-time worker.
 
Push Dr Tracksuit said:
here in the states we have massive unregulated aspects of banking that every few decades cause massive economic implosions that ruins the lives of millions but we dont ever change that because regulations are bad for the economy

or so im told
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Or the regulations themselves create the bubbles and malinvestment.
 
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