OT: LOCAL COVID19 - PART IV... Seriously, local only

[Sensmileletsgo]

Politicians are not necessarily idiots. They are acting based on their interests and the people who finances them. They are also imperfect like all of us and will not always make the best decisions. Also, it's not like a pandemic was super easy to manage. This is NOT a video game.

Getting a house is not that hard, of course you have to be reasonable and target what your finances allow. All you need to do is work and save money for the cashdown. It's weird but when I stopped partying and spending on alcohol, etc, money filled my pockets and suddenly I was able to build myself a future. Basically all you need to do is stop wasting money on crap and overconsumption.

Truckers/anybody are not being silenced whatsoever. All the measures have been TEMPORARY, life is already slowly going back to normal, mandates are slowly going to disappear. Vaccine passports won't be needed soon. All the government needed was time to deal with the situation. I mean, what is hard to understand here? A lot of people sick at the same time = lot of people want to be treated at the hospital = capacity limits. It's very very easy to understand. All my kids except the youngest understand that. Same with my friends families

Now imagine if the same kind of people that organized the convoy were at the head of the government... The health system would have imploded and the country would be in shambles. Economy would be crashing. Do you really think "total freedom" is the way go? Society needs to babysit people, too many are just not responsible enough and would drive 80 in my street right now, without winter tires and probably under the influence.



I have no idea what you're trying to say in general as it makes little sense but for the record, I don't give a crap about the government. I care about my family, friends, community and all the good people. I also care about law and order because it's basically the ONLY way to live. If society wasn't build on law and order, we wouldn't be on the internet and we probably wouldn't even be alive



You missed a really good opportunity to plug the "birds aren't real" parody

Getting a house is not that hard? In most urban cities in Canada it is quite difficult for your average young Canadian.

 

[StoicSensFan]

Getting a house is not that hard? In most urban cities in Canada it is quite difficult for your average young Canadian.

Yeah but have you tried not partying and spending on alcohol?

 

[YouGotAStuGoing]

Yeah but have you tried not partying and spending on alcohol?

Having a hard time budgeting, can someone good with finances help? I can’t keep living like this.

Rent $850
Food $100
Hydro $80
Water $150
Partying and alcohol $635,750
Internet $60
Cell phone $65

Gentle-natured ribbing aside, the advice falls a bit flat when salaries haven’t risen proportionally with either inflation or housing costs for years. It just doesn’t apply – not when even those who are responsible and frugal with their money are struggling.

 

[JD1]

Having a hard time budgeting, can someone good with finances help? I can’t keep living like this.

Rent $850
Food $100
Hydro $80
Water $150
Partying and alcohol $635,750
Internet $60
Cell phone $65

Gentle-natured ribbing aside, the advice falls a bit flat when salaries haven’t risen proportionally with either inflation or housing costs for years. It just doesn’t apply – not when even those who are responsible and frugal with their money are struggling.

Idk. Math is math. Prices are prices. Interest rates are interest rates.

I could spell it all out for in a very detailed manner but won't bother. House prices. Incomes. Interest rates. Debt service ratios. Fact is I bought my first home at 30. I was a government worker. I know the classification I was. What I paid for that house. What my mortgage rate was. Versus today. I know what the math says and it doesn't agree with the narrative.

My 25 year old owns a home. Her friends, all couples, own homes. Starters. But homes. I didn't know anyone that owned a home when I was 25.

Vancouver. Toronto. Maybe. I don't know the numbers. Here in Ottawa, ya I know the numbers and I'm really f***ing good at math. The math at today's interest rates favours home ownership for young people more than it did when in I was in the market for my first home.

 

[Nac Mac Feegle]

I'm in Prescott-Russell, and it's hard to find any homes here going for less than $500k. And that's a good hour from Ottawa. Anyone who thinks home ownership is easy or even doable for most folks today isn't being honest.

 

[Here I Pageau Again]

Politicians are not necessarily idiots. They are acting based on their interests and the people who finances them. They are also imperfect like all of us and will not always make the best decisions. Also, it's not like a pandemic was super easy to manage. This is NOT a video game.

Getting a house is not that hard, of course you have to be reasonable and target what your finances allow. All you need to do is work and save money for the cashdown. It's weird but when I stopped partying and spending on alcohol, etc, money filled my pockets and suddenly I was able to build myself a future. Basically all you need to do is stop wasting money on crap and overconsumption.

I beg to differ with the bolded! I wish all I could do was work hard and give up a few luxuries and buy a home in proximity to my work and family.

But thumbs up to the rest!

 

[Here I Pageau Again]

I'm in Prescott-Russell, and it's hard to find any homes here going for less than $500k. And that's a good hour from Ottawa. Anyone who thinks home ownership is easy or even doable for most folks today isn't being honest.

I wish I could find something for 500K. Lol. Anything detached in my area is selling for over 1 million (townhomes are going for 800k+). And I live over an hour from Toronto in a non desirable area!

 

[Pierre from Orleans]

Getting a house is not that hard? In most urban cities in Canada it is quite difficult for your average young Canadian.

Yea I have no idea what he's talking about. The housing market is becoming quite unaffordable in Ottawa

 

[BankStreetParade]

Idk. Math is math. Prices are prices. Interest rates are interest rates.

I could spell it all out for in a very detailed manner but won't bother. House prices. Incomes. Interest rates. Debt service ratios. Fact is I bought my first home at 30. I was a government worker. I know the classification I was. What I paid for that house. What my mortgage rate was. Versus today. I know what the math says and it doesn't agree with the narrative.

My 25 year old owns a home. Her friends, all couples, own homes. Starters. But homes. I didn't know anyone that owned a home when I was 25.

Vancouver. Toronto. Maybe. I don't know the numbers. Here in Ottawa, ya I know the numbers and I'm really f***ing good at math. The math at today's interest rates favours home ownership for young people more than it did when in I was in the market for my first home.

There are far more details required here because I'm smelling bullshit.

 

[BankStreetParade]

Can’t wait to get some f***ing pho from Chinatown soon.

Pho Hoan on Montreal Rd. Their broth is the perfect balance of delicate and full-flavoured with that nearly clear color to it. I've tried the pho at about 25 places over the years and they are consistently the best of the bunch.

 

[Tuna99]

There are far more details required here because I'm smelling bullshit.

Your math might say everyone can afford a house at age 25 it’s just their bank accounts say they can’t

 

[BigRig4]

Good spot to watch the game tomorrow around the Lansdowne area?

 

[Micklebot]

There are far more details required here because I'm smelling bullshit.

The starter homes on the street I bought my first house on back in 2010 are getting listed at twice what I paid, not sure about the final selling price, but the current strategy is to list low and start a bidding war, I just sold my parents old place in Winchester and got 100k over asking, pre pandemic maybe there's a case but the market right now is just bonkers.

At the same time, an entry level gov't job, like an AS1 position, topped out at 52 k in 2010, and currently pays 62k in the final increment.

Interest rates are pretty good though...

 

[Qward]

Having a hard time budgeting, can someone good with finances help? I can’t keep living like this.

Rent $850
Food $100
Hydro $80
Water $150
Partying and alcohol $635,750
Internet $60
Cell phone $65

Gentle-natured ribbing aside, the advice falls a bit flat when salaries haven’t risen proportionally with either inflation or housing costs for years. It just doesn’t apply – not when even those who are responsible and frugal with their money are struggling.

Your water bill is outrageous. Do you drink a swimming pool a day?

Also, where did you find $850 rent?

 

[Pancakes Pancakes]

Good spot to watch the game tomorrow around the Lansdowne area?

The Senate. Just down over the bridge on Bank Street, near Sunnyside.

 

[Tuna99]

Your water bill is outrageous. Do you drink a swimming pool a day?

Also, where did you find $850 rent?

He’s thirsty for a Cup

 

[Qward]

I think some people forget we dont all have parents that can give us the 20% down on a house.

Looking at Ottawa, I found a couple houses for $500,000. Lets pretend the market isnt stupid and your offer is accepted. And lets say your mortgage is 1.99%

5% down is $25,000 and you need $19,000 in insurance. payments are $2,089 a month
20% down is $100,000. No Insurance. Monthly payment is $1,692.

Thats a big difference. If its not a big difference to you, well I am happy that you are financially secure. A lot of are not.

 

[Pancakes Pancakes]

Your water bill is outrageous. Do you drink a swimming pool a day?

Also, where did you find $850 rent?

he's living in my shed, with my swimming pool equipment. Gave him a discount too.

 

[Big Muddy]

Getting a house is not that hard? In most urban cities in Canada it is quite difficult for your average young Canadian.

The housing market has been crazy for at least the last 2 years. It affects buyers regardless of their age. This market is not a "buyers market". Good time to sell a house though.

 

[Tuna99]

The housing market has been crazy for at least the last 2 years. It affects buyers regardless of their age. This market is not a "buyers market". Good time to sell a house though.

1 in 5 homes in Ontario this year bought by foreign buyers and it was a huge election issue. Seems like it’s gotten worse and not better

 

[Big Muddy]

The starter homes on the street I bought my first house on back in 2010 are getting listed at twice what I paid, not sure about the final selling price, but the current strategy is to list low and start a bidding war, I just sold my parents old place in Winchester and got 100k over asking, pre pandemic maybe there's a case but the market right now is just bonkers.

At the same time, an entry level gov't job, like an AS1 position, topped out at 52 k in 2010, and currently pays 62k in the final increment.

Interest rates are pretty good though...

Ya, the housing market is crazy everywhere in North America. Not sure what caused it, but perhaps because of COVID, people decided they can live anywhere now and work from home. That's one plausible explanation. Good time to be selling a house, but really bad time to be buying a house. According to several real estate agents that work in the Ottawa valley that I spoke to, house prices went up 28% in 2020, and were up 22% in 2021 (as of August 2021).

 

[Ice-Tray]

You know things are starting to turn a corner when the COVID thread finally takes a turn to a much less divisive topic: the Canadian housing market, and how most folks can’t afford to buy shit!

 

[Big Muddy]

1 in 5 homes in Ontario this year bought by foreign buyers and it was a huge election issue. Seems like it’s gotten worse and not better

Yes, I've encountered a lot of people buying homes in the last 6 months and flipping them. A number of them were real estate agents, but I'm sure there are many others from many other categories/etc.

 

[Tuna99]

Yes, I've encountered a lot of people buying homes in the last 6 months and flipping them. A number of them were real estate agents, but I'm sure there are many others from many other categories/etc.

Just looked at a $3 million home and it was flipped by foreign buyers who make a deal with the contractor to split profit to they just buy the house, the contractor carries the cost of the Reno and they split the profit. Probably only need to put up 200K for down payment + interest on the Reno loan to upgrade a house from 800K to 3 million - unreal

 

[Pierre from Orleans]

Your water bill is outrageous. Do you drink a swimming pool a day?

Also, where did you find $850 rent?

Water is bi monthly no