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OT: November 2015 Edition Mod warning in post 1

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Reclamation Project said:
USD goes far in Canada right now. I'd be investing if I had the funds. Especially in a market like Calgary where the economy has been hit, but will surely rebound. I've seen some monstrous deals.
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When the crash started in January/February, I looked at the kijiji (buy sell of sorts) of areas in Fort MacMurray. If you were into Guns/Trucks/Quads/everything redneck and hillbilly, did you ever have some good deals going on. Housing sales in Calgary have taken a big hit. Makes me wonder if this will cascade to other provinces.

Of course, a lot of Albertans are blaming the NDP party for being elected into provincial government, or Justin Trudeau. Silly geese.

I'm just excited because I'm starting to look at a small place to purchase when I'm finished my practicum. A little 1-2 bedroom apartment that's modern and quiet go for around 180-220. Not bad for a first purchase place.

If you had big capital, buying plenty of Canadian money could be a good thing. Would not surprise me if our loonie goes to 60-65 cents American dollar before the climb.
 
Merry Christmas my HF peeps and make sure you read every word of those Christmas cards!

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Mattias said:
When the crash started in January/February, I looked at the kijiji (buy sell of sorts) of areas in Fort MacMurray. If you were into Guns/Trucks/Quads/everything redneck and hillbilly, did you ever have some good deals going on. Housing sales in Calgary have taken a big hit. Makes me wonder if this will cascade to other provinces.

Of course, a lot of Albertans are blaming the NDP party for being elected into provincial government, or Justin Trudeau. Silly geese.

I'm just excited because I'm starting to look at a small place to purchase when I'm finished my practicum. A little 1-2 bedroom apartment that's modern and quiet go for around 180-220. Not bad for a first purchase place.

If you had big capital, buying plenty of Canadian money could be a good thing. Would not surprise me if our loonie goes to 60-65 cents American dollar before the climb.
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Calgary has too many of their eggs in the gas and oil basket. I read they have far and away the worst economy right now in Canada.

I expect it to dip a bit lower too. That in combination with crude oil, and there is a small fortune waiting to be made. 18 months ago crude was trading at over 100. It's at 38 right now.

Calgary will surge. I've seen some incredible depreciation over the last few years. Multimillion dollar houses hitting the auction block and closing in the $750,000-$1,000,000 range. That's automobile depreciation! Go out and buy an AMG and it'll hold its value better.

Someone is gonna make bank off this.
 
Reclamation Project said:
I'll never understand the Family Guy appeal. That show blows.
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its mindless, i could prob take some of my own advice but you need to look into less things and just enjoy.

Legionnaire said:
Thinking about moving to Clearwater or Tampa. Cali kinda sucks. I'll miss you guys for sure but at least I'll have hockey. That is mandatory!
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how someone can say they are moving to that part of florida and say CA sucks(not just LA) is quite entertaining.

that's coming from one of the few people who enjoyed their time in central fl
 
Reclamation Project said:
What changed your mind? The crumbling infrastructure, the atrocious state accounting, the grotesque gas prices, some of the highest income taxes in the country, the record high housing prices, or all of the above?
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All of the above. I also figured out that Jerry Brown keeps raising the minimum wage to try and force retirees out of the state and finally get rid of Prop 13 property tax protection.

Plus, Charles Manson is still alive. That wouldn't happen in Florida.
 
Jason Squirties said:
its mindless, i could prob take some of my own advice but you need to look into less things and just enjoy.


how someone can say they are moving to that part of florida and say CA sucks(not just LA) is quite entertaining.

that's coming from one of the few people who enjoyed their time in central fl
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I hear ya. The grass is always greener on the other side.
 
Saturday it is then. My God, I have hooked up with so many beautiful women. This one is different. Former actress, model etc, etc. I do not even feel worthy. That is my issue. I do not even feel worthy of a decent woman.
 
Reclamation Project said:
Calgary has too many of their eggs in the gas and oil basket. I read they have far and away the worst economy right now in Canada.

I expect it to dip a bit lower too. That in combination with crude oil, and there is a small fortune waiting to be made. 18 months ago crude was trading at over 100. It's at 38 right now.

Calgary will surge. I've seen some incredible depreciation over the last few years. Multimillion dollar houses hitting the auction block and closing in the $750,000-$1,000,000 range. That's automobile depreciation! Go out and buy an AMG and it'll hold its value better.

Someone is gonna make bank off this.
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Dutch disease at its finest. Most of Canada had most o of its eggs in the oil world. The previous government had a fondness for oil work. Last PM was even an albertan. Crude was trading 38, I've read reports of Alberta crude going for 20. With new government trying to expand revenue collection to marijuana and alternative energy, I wonder how long Canada will be in the pits for. Food prices went up across Canada too.

Jesus though, that's quite the depreciation! That's like Detroit drop. Multimillion to 750k? Here I'm hoping a little apartment will drop into the 100 range.

Odd anecdotal story: coworker spent a good chunk of change renovating his place. His house is located far out of town (live in a small town anyhow) and is trying to sell it for 400+. Didn't sell for a year and so he decided to just keep sinking more money into the house with the hope/expectation it will sell with more expensive further renovations and a price bump of 450+. For reference, other houses in the area go for 200-250.

There will be a large influx of boomers getting ready to retire in 5-10 years, and I feel houses will be more affordable than ever (outside Toronto and Vancouver). Future may just be bright after all.
 
Merry Christmas!

Matty, I love that you are verbose. Yeah, and you are right. That surgery is invasive. I spent a decade with someone who had complications from that - and the drugs. It was hard. I do not deal with hospitals and death very well.
 
Legionnaire said:
Merry Christmas!

Matty, I love that you are verbose. Yeah, and you are right. That surgery is invasive. I spent a decade with someone who had complications from that - and the drugs. It was hard. I do not deal with hospitals and death very well.
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Thanks! Sometimes I over complicate words from being passionate about subjects :cry:
 
Mattias said:
Dutch disease at its finest. Most of Canada had most o of its eggs in the oil world. The previous government had a fondness for oil work. Last PM was even an albertan. Crude was trading 38, I've read reports of Alberta crude going for 20. With new government trying to expand revenue collection to marijuana and alternative energy, I wonder how long Canada will be in the pits for. Food prices went up across Canada too.

Jesus though, that's quite the depreciation! That's like Detroit drop. Multimillion to 750k? Here I'm hoping a little apartment will drop into the 100 range.

Odd anecdotal story: coworker spent a good chunk of change renovating his place. His house is located far out of town (live in a small town anyhow) and is trying to sell it for 400+. Didn't sell for a year and so he decided to just keep sinking more money into the house with the hope/expectation it will sell with more expensive further renovations and a price bump of 450+. For reference, other houses in the area go for 200-250.

There will be a large influx of boomers getting ready to retire in 5-10 years, and I feel houses will be more affordable than ever (outside Toronto and Vancouver). Future may just be bright after all.
Click to expand...

Oil surpluses are staying high so it'll be for a while. Tons of supply sitting around.

The biggest misconception around home renovations is that they appreciate when in reality they mostly do the opposite. Once you pass the threshold that the neighborhood comps indicate, you're wasting money. Most people install all this fancy **** when in reality basic, new finishes make the biggest difference. Kitchen and bathroom remodels are the biggest yielding projects a homeowner can do outside of functional necessity ones (leaking roof, rubbish water heater, cracked pool, burned out AC, damaged foundation etc). People are delusional. It's like modifying a car. Forgeline wheels, Akrapovic exhaust, and an Ohlins suspension kit are worth very little in resale.

I'm all for high-end finishes, but not as an investment. Anything I do is because I want it, not because I expect to get that money back. Basic, clean finishes will yield the best return.
 
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