CANADA HOUSING CRASH

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CANADA HOUSING CRASH Anonymous Sat Jul 9 16:36:07 2022 No.50254564 [Reply] [Original]

>Real estate will never cras-
BTFO
already down 15-24%
every single buyer in early 2022 has been wiped out even with 20% down

>>	Anonymous Sat Jul 9 16:37:38 2022 No.50254589 >>50254564 why would anyone buy a house in canada, the us is so close so what is the point

>>	Anonymous Sat Jul 9 16:39:05 2022 No.50254605 >>50254564 Toronto and Vancouver get what they deserve.

>>	Anonymous Sat Jul 9 16:39:12 2022 No.50254606 >>50254589 those houses for selling for the equivalent of 1 million usd in February, pure delusion and fomo from buyers and canadian banksters

>>	Anonymous Sat Jul 9 16:39:31 2022 No.50254611 >>50254564 it has to be an epic move to convince Canadian retards that their money tree has died.

>>	Anonymous Sat Jul 9 16:39:48 2022 No.50254613 File: 9 KB, 207x244, ED299D1B-CC90-4BB5-B23C-A56BE6F2A235.jpg [View same] [iqdb] [saucenao] [google] >>50254564 Yes, yes, this pleases the bobo

>>	Anonymous Sat Jul 9 16:39:58 2022 No.50254615 >>50254564 Just found out they don’t do long fixed rate mortgages in Canada; you have to refinance every couple years. Yikes!

>>	Anonymous Sat Jul 9 16:41:09 2022 No.50254637 >>50254615 That's right, 5 years is the most common but many people are a purely variable (without payment changes, just amortization extension)

>>	Anonymous Sat Jul 9 16:42:56 2022 No.50254664 File: 174 KB, 750x741, 6934E91E-76B8-473D-811B-E0C62B834C76.jpg [View same] [iqdb] [saucenao] [google] >>50254564 Kek this site is pretty based. Anyone know of a site I can find similar data as a burger?

>>	Anonymous Sat Jul 9 16:44:08 2022 No.50254677 >>50254637 and the 5 year max means every year, 20% have to renew

>>	Anonymous Sat Jul 9 16:50:44 2022 No.50254755 >>50254564 HAHAHAHAHHAHAH I am VINDICATED my stupid gf has been telling me to buy a house in Vancouver for past 2 years. I keep saying no and wait >but anon a good family friend of ours is an engineer and he says houses wont go down

>>	Anonymous Sat Jul 9 16:53:07 2022 No.50254783 >canada call me when a first world country crashes

>>	Anonymous Sat Jul 9 17:14:01 2022 No.50255033 >>50254755 and housing related games make up 25% of GDP. Canadians: > let's run a land pyramid scheme in the least densely populated western nation Great idea.

>>	Anonymous Sat Jul 9 17:16:09 2022 No.50255067 >>50255033 If they could just keep up the finance schemes it would have worked too. It's an infinite money glitch regardless of demographics as long as you can always get money to buy more (using money you got from buying more).

>>	Anonymous Sat Jul 9 17:16:21 2022 No.50255070 >>50254564 considering mortgage rates are three times higher than they were a year ago, its really only cheaper to buy a house if u put like 50% down, and even still its not cheaper than it was in 2020, so calling this a "crash" is a bit disingenuous.

>>	Anonymous Sat Jul 9 17:19:42 2022 No.50255110 File: 1.15 MB, 1080x1955, ajtfbrrhst491.png [View same] [iqdb] [saucenao] [google] Ummm, think again sweetie

>>	Anonymous Sat Jul 9 17:22:07 2022 No.50255141 >>50255110 > woman realtor guess when they have more time to make up lies? When volume is down.

Anonymous Sat Jul 9 17:24:21 2022 No.50255176

>>50255067
not really. what, are we going to get to a point where you are told "buy this small apartment for 2mm" when it's next to a fucking empty field *and* if you have a good job you can go to like 10 other countries and get cheaper housing?
no, Canadians are retards.

>>	Anonymous Sat Jul 9 17:47:41 2022 No.50255513 >>50254589 the quality of life in canada is higher in every catagory. you get healthcare and paid vacation leave, literally everything is more affordable, and theres less crime.

>>	Anonymous Sat Jul 9 17:49:31 2022 No.50255537 >>50254589 >america numba oooooneeeeeee

Anonymous Sat Jul 9 18:10:34 2022 No.50255844

>>50255513
>the quality of life in canada is higher in every catagory.
not really.
> you get healthcare and paid vacation leave,
you pay for healthcare with taxes, 2 weeks is all you get
> literally everything is more affordable
false. the us is actually cheaper.
> and theres less crime.
location dependent

>>	Anonymous Sat Jul 9 18:11:40 2022 No.50255861 >>50255844 >he thinks burgers don't pay for healthcare with taxes as well. plus premiums. plus copays. plus tip

>>	Anonymous Sat Jul 9 18:12:00 2022 No.50255864 >>50255844 >2 weeks vs. 0 weeks OH SAAY CAN YOU SEE

Anonymous Sat Jul 9 18:14:50 2022 No.50255909

>>50255861
well, no, unless you're talking about welfare. if you're wage worker you do not get healthcare through taxes, you pay for private insurance.
>>50255864
yes, both canada and the us are shit when it comes to labour rights. neoliberalism and all of that.

>>	Anonymous Sat Jul 9 18:16:49 2022 No.50255929 >>50255110 > many years before the market corrects itself to 2018 levels

>>	Anonymous Sat Jul 9 18:20:38 2022 No.50255984 >>50254589 Toronto is better than New York. Still, Toronto needs to be nuked.

>>	Anonymous Sat Jul 9 18:21:42 2022 No.50256004 >>50255844 how many mass shootings a year in canada?

>>	Anonymous Sat Jul 9 18:21:46 2022 No.50256006 >>50255513 >literally everything is more affordable Food isn’t, taxes are higher, car insurance is higher by a lot.

Anonymous Sat Jul 9 18:22:43 2022 No.50256020
File: 50 KB, 594x616, 2022-07-09 14_22_06-U.S. or Canada_ Which Country Is Best to Call Home_.png [View same] [iqdb] [saucenao] [google]

>>50256006
>>50255844
debunked

https://www.investopedia.com/financial-edge/1012/u.s.-or-canada-which-country-is-best-to-call-home.aspx

>>	Anonymous Sat Jul 9 18:22:59 2022 No.50256025 >>50254677 You can have 10 year fixed but you get raped on the interest rate.

>>	Anonymous Sat Jul 9 18:26:06 2022 No.50256078 >>50256004 There’s been a few in Canada. There’s also tons of gang shootings in Toronto.

>>	Anonymous Sat Jul 9 18:28:13 2022 No.50256109 >>50254564 >Mississauga >Innisfil >Scugog >Oshawa >East Gwillimbury >New Tecumseth >Caledon What the fuck are these names? Is this native gibberish?

>>	Anonymous Sat Jul 9 18:29:10 2022 No.50256126 >>50254615 The crash will be biblical.

>>	Anonymous Sat Jul 9 18:30:22 2022 No.50256142 >>50256020 See >>50255984 comparing the hellhole that is New York City to anything else isn’t really fair.

>>	Anonymous Sat Jul 9 18:31:32 2022 No.50256162 >>50256078 oh, ours are weekly

>>	Anonymous Sat Jul 9 18:31:55 2022 No.50256165 >>50256109 Yes.

>>	Anonymous Sat Jul 9 18:32:32 2022 No.50256172 >>50256142 prices go down when you leave both citites, but not unfair to compare them as equal metro areas for both countries. toronto is canada's new york

>>	Anonymous Sat Jul 9 18:32:56 2022 No.50256180 >>50256162 Due to your higher populations. Only makes sense.

>>	Anonymous Sat Jul 9 18:34:40 2022 No.50256207 >>50256172 Not really, New York has 3x the population as Toronto. Toronto is comparable to Chicago.

>>	Anonymous Sat Jul 9 18:34:53 2022 No.50256211 >>50256180 do the math on that statement you flagrant retard. divide american mass shootings by 10 and by your genius calculation it will be equal to canadas. what a fucking braindead worm turd of a response.

>>	Anonymous Sat Jul 9 18:35:43 2022 No.50256224 >>50256211 >implying it’s a linear scale

>>	Anonymous Sat Jul 9 18:36:33 2022 No.50256229 >>50256224 its not on the bitcoin rainbow chart

>>	Anonymous Sat Jul 9 18:37:36 2022 No.50256245 File: 314 KB, 1600x900, 180522094603-t1-us-intl-shooting-list.jpg [View same] [iqdb] [saucenao] [google] >>50256224 gosh, i wonder... what could it be... must be the population numbers

>>	Anonymous Sat Jul 9 18:38:10 2022 No.50256257 >>50254589 All the northern American cities are hellholes

Anonymous Sat Jul 9 18:38:21 2022 No.50256261
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>>50254589
Why would I want to live in the US where guns are everywhere and you get shot for literally anything? Go to school, get shot. Go to the store, get shot. Shit one of the most recent shootings had an 8 year old get shot in the chest and severed the kids spine. What fucking child deserves to get shot?

Anonymous Sat Jul 9 18:40:05 2022 No.50256278

Nothing I love more than visiting Toronto for the escorts. Hot Asian escorts you can fuck for $270 CAD and hour. Two pops per session with BBBJ. Most Asian providers will do a pussy slide too. The white providers are also way better than the white providers in the US and wayyy cheaper too. I fucking LOVE toronto whores.

Anonymous Sat Jul 9 18:45:54 2022 No.50256346

Canada is still a pretty good place to live but I'm fucking tired of the climate. The weather is shit for more than half the year no matter where you go. I envy the US for its diversity in terms of climate, from snowy and cold winters to tropical weather

>>	Anonymous Sat Jul 9 18:48:20 2022 No.50256380 >>50256245 Increase in population in crowded areas increases conflict and the rates of mass shootings and violence in general. It’s not a linear scale.

Anonymous Sat Jul 9 18:52:14 2022 No.50256437

>>50256278
Disgusting
>>50256346
>Canada is still a pretty good place to live but I'm fucking tired of the climate
Canada is quickly becoming 3rd world. Sky high costs and nothing to show for it. Russia is better at this point.
>>50256020
1600 for 1br in Toronto is low. I think average is around $1800-$2000.

>>	Anonymous Sat Jul 9 18:56:00 2022 No.50256494 >>50255513 nothing is more affordable vs the US, many things are more than in the UK. taxes are very high and housing costs are horrific.

>>	Anonymous Sat Jul 9 18:57:12 2022 No.50256507 >>50256020 For me Canadians are really deluded. You can't compare anything in Canada to New York. You'd need to compare Canada to a decent, mid-sized US city.

>>	Anonymous Sat Jul 9 18:57:30 2022 No.50256513 >>50255513 >Everything is more affordable Okay you're just taking the piss now, houses on US side of the border are $100k. Cross into Canada and even in a shit area they're 500k lmao

>>	Anonymous Sat Jul 9 18:57:40 2022 No.50256518 >>50255033 >25% of GDP yea but who cares as a Canadian Plumber I make way more money then you ever will and will always have a job. I make real money that I can hold in my hand

>>	Anonymous Sat Jul 9 18:58:12 2022 No.50256526 >>50256025 exactly so in practice it's 5 tops

>>	Anonymous Sat Jul 9 18:59:13 2022 No.50256541 >>50256257 Montreal is ok

>>	Anonymous Sat Jul 9 19:00:05 2022 No.50256554 >>50256278 I know men and women who go to toronto from Vancouver to go on fuck vacations. this explains a lot

>>	Anonymous Sat Jul 9 19:00:28 2022 No.50256557 >>50256541 yeah but you gotta speak French

>>	Anonymous Sat Jul 9 19:00:48 2022 No.50256559 >>50256541 Montreal is not in the us retard

Anonymous Sat Jul 9 19:00:49 2022 No.50256560

>>50256437
The big problem with Canada is you can't work your way out of it.
Say 5 years ago you had $120k take home.
That was ok vs housing costs, not great, but ok.
Now fast forward 5 years prices are up 50%.
So you ask your boss for a 50% raise. He agrees.
But you only see ~50-60% (location dependent) of that money. So really you needed to ask your boss to double your salary.

Anonymous Sat Jul 9 19:01:02 2022 No.50256563

>>50256245
>I make my decisions on where to live based on ten annual school shootings, 9 of which are a black 19 year olds shooting his cousin in the parking lot
Very reasonable logic, very applicable to every day life. 330 million people and a few got shot at a school. Guess it's over for America.

>>	Anonymous Sat Jul 9 19:01:14 2022 No.50256566 >>50254589 Literally THE reason to buy a house in canada. Get US job for money and canadian residence for superior quality of life. The only hurdle is high real estate price, conveniently resolving itself on its own.

>>	Anonymous Sat Jul 9 19:01:50 2022 No.50256573 >>50256559 ah i read north american

>>	Anonymous Sat Jul 9 19:02:54 2022 No.50256586 >>50256518 >will always have a job. until your back/knees give out that is or you have an accident and no one will hire you ever again.

>>	Anonymous Sat Jul 9 19:03:00 2022 No.50256588 >>50254564 "why yes, vote for a libtard" they said, "what could go possibly wrong?" they said

>>	Anonymous Sat Jul 9 19:06:24 2022 No.50256636 >>50256518 yeah but you're thick as fuck. why are you telling me your are a plumber? I'm writing about the Canadian economy. Put it in a blog.

>>	Anonymous Sat Jul 9 19:07:43 2022 No.50256655 >>50256560 yeah, wage slavery sucks but that's by design. Capitalism is for capitalists. >>50256566 >Get US job for money and canadian residence for superior quality of life. you mean like remote job?

>>	Anonymous Sat Jul 9 19:08:55 2022 No.50256676 >>50256655 yeah but normally you have high taxes and lower housing costs or higher housing and lower taxes. By having both Canada is particularly hard to live in.

>>	Anonymous Sat Jul 9 19:09:40 2022 No.50256680 >>50255513 6/10 made me reply

Anonymous Sat Jul 9 19:10:41 2022 No.50256690
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>>50256560
5 years ago only 1.5% of the population had 120k take home is about 200k before tax in Ontario. Housing in this country has been disconnected from reality for a while.

>>	Anonymous Sat Jul 9 19:11:46 2022 No.50256702 File: 271 KB, 828x1471, 821CC889-29A3-4DF1-A0B2-09CACD754324.jpg [View same] [iqdb] [saucenao] [google] >>50256690 Other photo from stats Canada.

>>	Anonymous Sat Jul 9 19:12:37 2022 No.50256711 >>50256676 no, in practice you have low salaries, high taxes, high cost of living, shitty standard of living and a fascist government that actively wants to genocide you.

>>	Anonymous Sat Jul 9 19:14:32 2022 No.50256737 >>50256690 >>50256702 was gonna post something like that, yeah in order to earn $200K+ you need to be in the stop strata.

Anonymous Sat Jul 9 19:14:47 2022 No.50256740

>>50256690
yeah I did consider saying 10 years!
whatever the number the point is, as you say, housing is no longer attached to wages.
Housing is simply defined in terms of other houses, new entrants are forced to take on crazy debt to join the swap party. Those who bought in at reasonable prices have a totally different disposable income.
I think it's fair to say that despite having a top 5% job I have the disposable income of a new teacher who bought ten years back.
And with high marginal rate every 50k more I earn I only see 25k of it, and housing goes up by more than that per anum!
I'm certain if the Fed can hold rates this high or higher for any period of time, Canada will have a big crash.

Anonymous Sat Jul 9 19:15:02 2022 No.50256747
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>>50256261
Former Canadian here, we had literally no gun control prior to 1995.
After that one school shooting and the Oka riots people voted for more gun control.
I hate it, personally.

>>	Anonymous Sat Jul 9 19:15:54 2022 No.50256761 File: 1.87 MB, 1280x720, 1647123912942.webm [View same] [iqdb] [saucenao] [google] >>50256437 >Russia is better at this point.

>>	Anonymous Sat Jul 9 19:16:39 2022 No.50256770 >>50256702 ok so I am in the 1% according to this. yet I can't afford a single family home anywhere near the centre of a city. I will be living next to a guy who has a shit job, no responsibility but bought ten years back. No thx Canada I will leave!

>>	Anonymous Sat Jul 9 19:18:58 2022 No.50256809 >>50256747 Canada still has a high rate of gun ownership too.

>>	Anonymous Sat Jul 9 19:21:44 2022 No.50256844 >>50256770 You make 250,000? Doing what? I mean I make ~100,000 so I take home about 70k. As soon as you start making above 100k you get absolutely fucked in taxes in this country. The USA is a better place to live if you’re a high income earner.

>>	Anonymous Sat Jul 9 19:22:24 2022 No.50256850 >>50256844 tech and yes you get raped by tax. I hate the USA so much.

Anonymous Sat Jul 9 19:22:49 2022 No.50256857

>>50256761
Instead of actually posting real data instead you went with this stupid putin 0 iq meme. ok
>HIV
Doesn't actually exist. Virology is a literally fraud.
>Suicides
Look at Japan.
>Abortion
USSR legacy.
>Illegal immigrants/migrant
ok. Look at the EU. This is a capitalist systemic issue.
>some eco meme
ok
>mosque
Russia is multi-ethnic nation. Makes sense
>1/3 Muslim in 15 years
another unsubstantiated meme

Can't read the rest.

Anonymous Sat Jul 9 19:23:50 2022 No.50256875
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>>50254564
Who gives a shit about Toronto, I want to know if Calgary's prices will crash. Calgary has pretty reasonably priced real estate compared to the rest of Canada but I want 2 story 3 bd with a garage and a garden in an affluent white area for $300k CAD. Right now the going rate for that is $500-$600K CAD. Will it ever go down or is that asking for too much?

>>	Anonymous Sat Jul 9 19:24:28 2022 No.50256885 >>50256850 >tech Amazon SDE3?

>>	Anonymous Sat Jul 9 19:24:59 2022 No.50256891 >>50256850 >tech Isn’t the good times almost over for that? Since tech has been inflated to shit due to all the money printing?

>>	Anonymous Sat Jul 9 19:25:40 2022 No.50256903 >>50256875 >Right now the going rate for that is $500-$600K CAD. I think you mean $800-$1000. Average house price in Canada is $850.

>>	Anonymous Sat Jul 9 19:25:50 2022 No.50256905 >>50256844 another doofus who doesn't understand marginal tax rates

Anonymous Sat Jul 9 19:26:38 2022 No.50256917

>>50256891
i didn't push for a higher wage in the last 12 months so should be considered "good value", plus I'm snr. Worst case I will get a good redundancy period payout.
This is why I don't want to pay $1mm for some very avg home that leaves me having to service a huge mortgage. Will I always be paid so well? Perhaps not, and if I am I want to actually save that shit into stocks.

Anonymous Sat Jul 9 19:27:48 2022 No.50256934
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>>50256875
Calgary. I mean just look at this shit. Green everywhere yet Canadians are like "oh housing is so expensive because we have no land".

>>	Anonymous Sat Jul 9 19:29:20 2022 No.50256958 >>50256934 house prices are the product of the monetary policy not land availability.

>>	Anonymous Sat Jul 9 19:29:56 2022 No.50256970 >>50256958 yes I agree, but Canadians think their house prices are actually valid, and not the product of producing fiat like confetti.

>>	Anonymous Sat Jul 9 19:30:00 2022 No.50256971 >>50254564 I always wonder who in their right mind would want to live in Canada, then I remember Indians and Chinks exist.

>>	Anonymous Sat Jul 9 19:30:59 2022 No.50256982 >>50256971 most Indians are here for the Canadian citizenship which they can then use to get into the US, vs the green card lottery.

Anonymous Sat Jul 9 19:32:17 2022 No.50257006

>>50256903
Yeah the house down the street from me, same layout as mine that I bought for 240k like 5 years ago is being listed for 700k because they renovated the inside a bit lol. It’s absolutely crazy. I also live in a small town, not even a city. Prices are absolutely divorced from reality, Toronto’s cancer high prices have spread everywhere like a contagion.

>>	Anonymous Sat Jul 9 19:33:34 2022 No.50257024 >>50256903 Calgary is cheaper than the rest of Canada and its also better in every way. >>50256934 Lets keep it that way I don't want to live in an urban sprawl.

>>	Anonymous Sat Jul 9 19:34:18 2022 No.50257032 File: 101 KB, 815x1085, F7EFA128-CB13-413F-A05F-DB91975D779F.jpg [View same] [iqdb] [saucenao] [google] >>50256905 I think it’s you who doesn’t understand.

>>	Anonymous Sat Jul 9 19:34:31 2022 No.50257036 >>50257006 it's a systemic monetary issue, not a location issue.

Anonymous Sat Jul 9 19:34:33 2022 No.50257038

>>50256891
good times over for tech? dunno about USA, but literally every western country is screaming for tech applicants. unfilled jobs in the thousands each year in the tech sector due to lack of viable tech workers. You can go far with just basic understanding of any programming language, again i just speak for the west

Anonymous Sat Jul 9 19:35:21 2022 No.50257050

>>50257006
and the reality of that for people who don't own is a total collapse in their wages, which as I said they can't make up as 500k rise in home prices , if you get a raise marginal tax takes half of it, meaning you need double the raise to stand still

>>	Anonymous Sat Jul 9 19:36:36 2022 No.50257068 >>50257038 in 20 years in tech i've never had to hire such weak candidates. > you have a pulse? > you can speak coherently? > you know what a hash map is? okay you are in

>>	Anonymous Sat Jul 9 19:36:49 2022 No.50257073 >>50257024 Calgary is not $200K+ cheaper. Prices are more or less the same across the country unless we're talking about very remote areas.

>>	Anonymous Sat Jul 9 19:37:15 2022 No.50257082 >>50255070 Ya houses are actually more expensive than ever at the moment. Prices need to drop another 30-40%

>>	Anonymous Sat Jul 9 19:39:14 2022 No.50257110 >>50257082 yup, we have a long way to fall

>>	Anonymous Sat Jul 9 19:40:00 2022 No.50257121 >>50255070 yes and that circle is squared by house prices dropping. BoC can't control rates, they have to follow the Fed. So it's all about what the Fed does. The Fed will not change their course because Canada is having a hard time.

Anonymous Sat Jul 9 19:40:01 2022 No.50257122

>>50257038
>>50257068
> but literally every western country is screaming for tech applicants
This is an outright a lie. What companies really want is CHEAP and SKILLED workers who are willing to work overtime for no cost. You want talented hard working people? pay up. Can't? STFU and go out of business.

Anonymous Sat Jul 9 19:42:14 2022 No.50257149

>>50257122
Agree with the sentiment but even for well paying jobs I'm seeing people who have very little to brag about getting paid a very good wage.
There is a dearth of good developers out there.
If the Fed raise rates high enough to kill tech, given the high demand right now, they will have killed many industries.

Anonymous Sat Jul 9 19:44:10 2022 No.50257178

I knew we were at the peak of this RE boom when the 4th family member of mine decided to become a real estate agent. One of their close friends became a RE agent, and now another cousin of mine has drank the kool aid-claims he's doing it for the knowledge.

>>	Anonymous Sat Jul 9 19:44:57 2022 No.50257189 >>50257149 >given the high demand high demand for what? skilled workers willing to work for free? yeah, sure. There is a high demand for free housing too. So what?

Anonymous Sat Jul 9 19:47:16 2022 No.50257222

>>50257178
I think the big problem is that Canadians are well educated compared to many nations. Certainly compared to Americans.
However they are very literal. They don't understand sarcasm. They are what I'd call "book smart".
They read a book about econ 101 and they say to themselves "now I know this". They read a newspaper article about how Canada has "strong regulations on housing", how prices will "only go up" and they absorb it whole. This is the only explanation I have for how prices have gotten so out of hand vs wages. They are too trusting, too happy to latch onto the simplistic explanation.

>>	Anonymous Sat Jul 9 19:48:17 2022 No.50257238 >>50257189 I'd like you to shut the fuck up now, and forever. Stop looking for some pathetic little argument to validate your existence.

>>	Anonymous Sat Jul 9 19:48:47 2022 No.50257249 >>50254564 Beautiful. And soon. The rest.

>>	Anonymous Sat Jul 9 19:49:38 2022 No.50257260 >>50256245 Only like one or two are true school shootings.. The other 280+ are nig chimpouts

>>	Anonymous Sat Jul 9 19:50:54 2022 No.50257272 >>50257222 >house prices are high because of the usury based bankster system >blame the people that just want a place to live because it's a literally a basic human right instead

Anonymous Sat Jul 9 19:51:33 2022 No.50257277

>>50254615
>Just found out they don’t do long fixed rate mortgages in Canada; you have to refinance every couple years. Yikes
Same in the UK. Which is particularly entertaining given that I've watched this road get absolutely eviscerated by builders, for sale and sold signs this last year or so. We're at peak house.

>>	Anonymous Sat Jul 9 19:52:03 2022 No.50257287 >>50257272 and where in my replies am I blaming people who want a place to live, given I'm talking about usury, fiat currencies and rentier activity, lord cuck?

Anonymous Sat Jul 9 19:53:20 2022 No.50257300

>>50257277
It's a cultural thing.
The UK is the home of the rentier. Everyone wants to be a landlord.
Worldwide most of the former UK colonies have housing bubbles. Even within Canada in the Francophone Quebec the problem is not as bad, despite having the same currency and interest rates.

>>	Anonymous Sat Jul 9 19:54:21 2022 No.50257320 >>50257238 >How dare you to disagree with my made up fairy tale world view I'm sorry but the world is not sunshine and rainbows like you've been taught

Anonymous Sat Jul 9 19:54:45 2022 No.50257327

>>50255033
>let's run a land pyramid scheme in the least densely populated western nation
They do the same in the UK, Australia and Canada. Only around 5% of the land is housing. In Australia, if everyone had half an acre, it'd still only be less than that.

They only place thats escaped is America, but they're getting the zoning going there too now. Nice. It's far too easy and profitable trick not to exploit. It's also rather akin to basically enslaving your population. Double nice.

>>	Anonymous Sat Jul 9 19:55:01 2022 No.50257329 >>50257320 So you don't actually have anything to say. I think I heard your mum calling, your snack is ready.

Anonymous Sat Jul 9 19:56:35 2022 No.50257350

>>50257327
yeah it's basically like having open fenced gulags.
you can see the field but you are not allowed to walk there or the guards will shoot you.
sadly this gulag is largely run by the people born into the gulag. Banks couldn't do what they are doing without their little bagholders and helpers: landlords.

>>	Anonymous Sat Jul 9 19:56:55 2022 No.50257355 >>50257287 >I think the big problem is that Canadians... The big problem is capitalism/globalism

>>	Anonymous Sat Jul 9 19:58:02 2022 No.50257368 >>50257355 as a georgist i'd say the main problem is rentier activity

>>	Anonymous Sat Jul 9 19:59:28 2022 No.50257391 >>50257329 I did have something to say, but you personally attacked me instead for some odd reason, so I think it's YOU who has nothing to say.

Anonymous Sat Jul 9 20:00:15 2022 No.50257405

>>50257368
which is largely enacted by a subset of Canadians.
It's also the fault of north americans for not disambiguating real wealth creation from rentier activity. For the North American mindset everyone either "makes money" or does not. If you "make money" you must be adding, whereas showing a profit is not enough. The wealth creator adds value. The rentier appropriates value. For example the landlord taking rent from a working family every month, far in advance of the cost to maintain.

>>	Anonymous Sat Jul 9 20:00:58 2022 No.50257415 >>50257327 > It's also rather akin to basically enslaving your population. Double nice. Almost like it's a systemic issue (eg for-profit housing). >>50257350 yeah, capitalism sucks ass

>>	Anonymous Sat Jul 9 20:01:16 2022 No.50257421 >>50257391 well you should learn to be more polite instead of your very acerbic style.

>>	Anonymous Sat Jul 9 20:02:01 2022 No.50257430 >>50257368 >rentier activity landlordism is an inherit part of capitalism

>>	Anonymous Sat Jul 9 20:02:41 2022 No.50257446 >>50257032 a third of your money gone to fund jews in ukraine

>>	Anonymous Sat Jul 9 20:03:49 2022 No.50257468 >>50257421 >well you should learn to be more polite >"I'd like you to shut the fuck up now, and forever." I beg your pardon?

>>	Anonymous Sat Jul 9 20:04:00 2022 No.50257472 >>50257430 are you ware of henry george ? he's the bridge between marx/smith. i'm a fan of land value tax. it would absolutely fix a lot of the problems in canada. I'm not a huge fan of capitalism but more especially the rentier part of it.

Anonymous Sat Jul 9 20:04:06 2022 No.50257474

>>50257122
maybe in cuckmerica. here in norway the tech sector is so starved they take anybody with a basic understanding of coding. It is the most employee starved sector atm. Median salary in norway is 45k usd, you start at 50k with just the simpliest understanding of coding at any company. Pay raise to 70k after 3 years, and up to 100k after 5 years. You see, here in the civilized world, the company doesnt determined what your salary is worth. Your work experience determine your pay levels, doesnt matter what a company is willing to pay, you are by law required to pay their experience.

>>	Anonymous Sat Jul 9 20:06:22 2022 No.50257507 >>50257472 land value tax will not fix capitalism because the tax revenue will inevitability find their way back into the capitalists' pockets because it's still capitalism (ie private property).

>>	Anonymous Sat Jul 9 20:07:21 2022 No.50257518 >>50256770 Why should a single male be able to afford a single FAMILY home find a woman, get married, have sex. Then you can buy one. t. combined 250k HHI with more favorable tax overall since we both make 125k each roughly

>>	Anonymous Sat Jul 9 20:07:30 2022 No.50257519 >>50255513 Nothing is more affordable in Canada. I live here, everything is almost triple the price even with conversion compared to the States Also, healthcare isn't free, everyone pays into OHIP and OHIP doesn't even cover everything

>>	Anonymous Sat Jul 9 20:08:04 2022 No.50257528 >>50257507 well we'll have to agree to disagree on that one. anyhow the wider point: if the fed holds rates high enough for long enough landlords will lose their shirts in canada. good.

Anonymous Sat Jul 9 20:08:28 2022 No.50257536

>>50257122
>>50257474
also, overtime is per definition illegal. what kind of shit standards do you cuckmericans practice? You can choose to work overtime if you want, but that comes at great expense for your employer. breach of this and the company gets it shit pushed in instantly

Anonymous Sat Jul 9 20:08:30 2022 No.50257537

>>50257474
>take anybody with a basic understanding of coding.
I really doubt that. " basic understanding of coding." is vague. Most companies have very high entry bars -- full onsite loops with whiteboard interviews, coding challenges, phone interviews etc.

>>	Anonymous Sat Jul 9 20:09:05 2022 No.50257543 >>50257518 1. i'm in the top 1% (albeit 2017 stats so prob 5% by now) 2. i'm married and have 2 kids so pipe down 3. I can afford a home but refuse to pay $1mm for a shit bucket i know will fall in price

Anonymous Sat Jul 9 20:10:59 2022 No.50257558

>>50257537
no that's not correct. I'm a hiring manager for a major company with a huge tech dept.
this year we've had to have one phone screen and then do the single tech screen interview on the same day because otherwise if we leave it, we find the candidate already accepted a new offer.
I expect that to ease now that the mkt is slowing a bit, but there is a *lot* of air to be let out before we get picky again.

>>	Anonymous Sat Jul 9 20:12:12 2022 No.50257573 >>50254564 It still doesn't matter. Even at the reduced prices nobody can afford any of that garbage except rich foreigners and banks. Blackrock/Blackstone will buy it all.

Anonymous Sat Jul 9 20:12:47 2022 No.50257587

>>50257537
nope, not even for KPMG or Accenture, or any fortune 500 company here. They are almost begging people with some experience to join. It used to be atleast bachelors and master's degrees was common, but not anymore. Only the government positions require a school paper nowadays, and even then, experience and skills puts you ahead anyway.

>>	Anonymous Sat Jul 9 20:13:27 2022 No.50257595 >>50254664 https://bestneighborhood.org/race-in-detroit-mi/ You’re welcome

Anonymous Sat Jul 9 20:13:42 2022 No.50257600

>>50257355
The big problem is a combination of supply and demand

on the supply side we simply are not building enough housing in this country. The cost of building is far too fucking high, a large component of which is city/municipal development charges. Because the cost of building is so damn high, the only buildings that get built are "luxury" condos because the incremental cost to go "luxury" vs "affordable" is not that high once you've got all the other costs out of the way and is the only way you can make even a meager profit on new development. That's also why the only purpose-built rental housing in this country is either 50+ years old, or brand new "luxury" product priced at $3-4psf. There's far too much NIMBYism in major cities to solve the supply side of the housing crisis. We also have absolutely retarded, counterproductive rent control in most provinces that completely kills any incentive for development of new purpose built rental housing. Luckily in Ontario we have no rent control on post-2018 units but that will probably get fucked at some point in the future as well

on the demand side we're pretty open about our desires to backfill all productivity loss and domestic outflow with immigration and foreign students. The targets set through 2024 are the highest ever and for that reason Canada is projected to have the highest population growth in the G7 (on a % basis). Because Canada is effectively 3-4 viable cities (Toronto, Montreal, Calgary, Vancouver) and a bunch of wilderness, all of these immigrants pile into these 4 cities, which of course for the reasons described above have minimal supply to absorb this influx of people

of course people love to blame landlords because they're the ones most people directly interact with in a negative way, paying them (well below market) rent for their rent-controlled apartments. Of course anyone with 2 brain cells to rub together understands how stupid this argument is, but most Canadians clearly do not.

>>	Anonymous Sat Jul 9 20:14:39 2022 No.50257622 >>50257573 no they won't, this idea is basically "the fed put", disseminated by desperate tard canadians, balls deep in mortgage / heloc debt.

>>	Anonymous Sat Jul 9 20:14:42 2022 No.50257625 >>50254589 This. Fuck Canada.

Anonymous Sat Jul 9 20:14:46 2022 No.50257627

>>50257537
this industry is just beginning for the rest of the world now. might be oversatured in the us, but not in the west. you can pick from the highest of shelves in any company and position u want with 5 years of working in IT. unlimited opportunities for coders in USA to move abroad

>>	Anonymous Sat Jul 9 20:15:31 2022 No.50257638 >>50257518 >Why should a single male be able to afford a single FAMILY home To attract a mate, wealth is definitely a factor.

Anonymous Sat Jul 9 20:16:09 2022 No.50257648

>>50257558
Without knowing all details about the company, position, pay etc. I can't really validate anything you're saying. From my own personal experience any real sde positions have long technical interviews and that's where most people fail because the bar is usually very high and too many candidates.

Anonymous Sat Jul 9 20:17:09 2022 No.50257657

>>50257405
>For example the landlord taking rent from a working family every month, far in advance of the cost to maintain.

Eat shit, faggot. Most renters in Ontario live in rent-controlled buildings where the government only lets you push rents on renewals 1-2%, which is WELL below the cost of maintenance. You can get away with AGI's but those are a hassle as well. For 2023 the rent bump on renewals is 2.5%, while we operate in a 5%+ inflationary environment. That means margin compression since your cost of operations are going up at inflationary rates but you can't pass it along to your rentoids paying $1,000/mo in a market that commands $2,000/mo+

These same parasites have the gall to blame the housing shortage on landlords and not the fact that these people are hogging housing they couldn't otherwise afford today solely because they got lucky enough to win the rent control lottery. Complete joke.

Anonymous Sat Jul 9 20:17:56 2022 No.50257669

>>50257600
the cost of the home is the materials + labour + land.
materials are what they are, it's a global price
labour, okay it's a western country, it can't be that low, plus labour needs housing, which is high.

land - this is the variable part. when money is basically free people borrow insane amounts.
housing cost == available credit
available credit is high, materials and labour are fixed, land cost balloons.
however land cost can also fall, as it will now the price of money (interest rates) is higher.

Canadians always fall back on immigration ramping house prices forever. Reality: you will get lower and lower quality immigrants as better qualified ones can select from several countries and they won't select the one with high taxes *and* high housing costs *and* high food costs.
Your post is the typical Canadian post.

>>	Anonymous Sat Jul 9 20:17:58 2022 No.50257671 >>50255110 yellow flag

>>	Anonymous Sat Jul 9 20:18:08 2022 No.50257672 >>50257600 Demand is driven by HELOCs though. 20% of the population is buying a house, waiting for the house to go up in value and borrow to buy another all while renting it out. It’s not sustainable in the long run.

>>	Anonymous Sat Jul 9 20:18:57 2022 No.50257683 File: 160 KB, 1023x767, 1656889420913.jpg [View same] [iqdb] [saucenao] [google] >>50254564 the only thing stopping the u.s. from completely collapsing is how much worse canada and europe are.

Anonymous Sat Jul 9 20:19:01 2022 No.50257685

>>50254564
>Chinks BTFO
>Canada deserves this for cucking real Canadians out of homes
>Meanwhile, US houses can't be built fast enough and prices still going up slowly but surely
>note: major Canadian cities were already pumped so hard it had to dump
>Chinks will make you pay for it tho so thank your govt

>>	Anonymous Sat Jul 9 20:19:08 2022 No.50257687 >>50257657 yeah you could tell from your other post that: 1. you are ill educated 2. you are a landlord

Anonymous Sat Jul 9 20:20:48 2022 No.50257704

>>50257622
Yes they will. I am not saying debtmaxxers aren't going to get fucked hard, they will. It's just that those properties aren't going to go back on the market for some ultra-cheap price. They're all going to globohomo orgs and foreigners. Nobody high-up gives a shit about helping common people afford anything anymore, they are telling us to our face that we'll own nothing and be happy.

Anonymous Sat Jul 9 20:21:48 2022 No.50257723

>>50257669
Okay cool call me when land prices fall enough such that the construction of "affordable" housing is something actually feasible. Certainly hasn't happened yet.

>>50257672
And those people can and will get fucked in this environment. Good riddance.

>>	Anonymous Sat Jul 9 20:21:55 2022 No.50257728 >>50257704 All the tards were saying > stocks will never go down, the 1% own > bitcoin will never go down all wrong, same as with the "blackrock put"

>>	Anonymous Sat Jul 9 20:22:56 2022 No.50257735 >>50257723 you haven't understood anything I've said about prices being set by available credit.

Anonymous Sat Jul 9 20:23:11 2022 No.50257739

>>50257687
I work for a large corporate landlord, yes. But I am almost certainly better educated than you.

>>50257728
and the other side of the coin is permabears who have been calling for collapse the last 30+ years and start to get insufferable when things actually fall

Anonymous Sat Jul 9 20:23:14 2022 No.50257740

OH NO HOUSES ARE DOWN 15-24% I'M RUINED.

Even after this latest "crash" my condos are still up 250% in less than 10 years.

Reality is house pricing will never crash in Toronto/Vancouver as they are by far the most hospitable places in Canada. You are acting like -24% is catastrophic when Toronto has been going up 20%+/year for like the last decade LOL. Oh no 1 bad year ahahahah. You rent cucks will stay poor forever. Why don't you just buy some real estate instead of seething because you missed out. This is probably a once in a lifetime dip as we will be returning to 20% y/y gains in Toronto right after this. Trudeau wants immigrants to keep flowing and Canada to hit 150 million. My condos will still 10x from here...

PROOF:
https://housepriceindex.ca/#chart_change=on_toronto

>>	Anonymous Sat Jul 9 20:24:15 2022 No.50257749 >>50257739 well neither of us can know the future. hope your corp landlord gets absolutely fucked by rising rates and WFH.

>>	Anonymous Sat Jul 9 20:25:16 2022 No.50257760 >>50257740 >20% y/y gains in Toronto what an innumerate retard

Anonymous Sat Jul 9 20:25:41 2022 No.50257770

>>50257600
>The big problem is a combination of supply and demand
No. I mean not really. you have plenty of supply but prices are still high, why? because it's more profitable to sit on a property (ie speculate) then to lower the price. Also, I want a house but I can't afford it, does this mean there is no demand?

So, the whole supply/demand issue is moot.

> The cost of building is far too fucking high,
Cost of construction is only part of the total cost but it's not the determining factor.

>, paying them (well below market) rent for their rent-controlled apartments
what does "below market" mean? The price is whatever market rate. Landlordism is parasitism. Landlords (together with banksters) are parasites of society.

Anonymous Sat Jul 9 20:26:36 2022 No.50257784

>>50257735
I understand very well that land is basically the plug in any development pro-forma. I don't think land will ever get cheap enough in major Canadian cities to allow "affordable" housing to pencil at a reasonable return.

>>50257749
WFH just means your average rentoid spends more time in their home. That makes their home (whether owned or rented) more valuable to them and they're willing to pay more for it. Rising rates suck but CMHC-insured debt is still relatively cheap. All of this combined cost creep will eventually just filter down to the price of rent anyways

>>	Anonymous Sat Jul 9 20:27:20 2022 No.50257795 >>50257038 >You can go far with just basic understanding of any programming language Is this true? Will my intermediate javashit really get me a wage cage? t. 30 y o learntocodeooor

Anonymous Sat Jul 9 20:27:24 2022 No.50257796

>>50257770
supply is the issue: the supply of credit
people bid what they can pay monthly mortgage on.
as rates fall that enables higher borrowing.
as rates rise that crushes higher borrowing.
prices are bid up by the highest borrower.
higher rates mean everyone can borrow less.
therefore the highest bid is less.

>>	Anonymous Sat Jul 9 20:27:51 2022 No.50257806 >>50257657 >the cost of maintenance What cost of maintenance? maintenance is part of rent. >market that commands $2,000/mo+ lol, why not $10,000m+?

Anonymous Sat Jul 9 20:28:59 2022 No.50257815

>>50257784
>All of this combined cost creep will eventually just filter down to the price of rent anyways
not how prices are set.
tell me do you rent out commercial space at the cost to run + N% profit?
or do you rent it out based on the location value (land price) and the quality of the building, at the max price the market can support?
If the latter you are at the max price, how will increasing the input cost magically make the market able to pay more?

Anonymous Sat Jul 9 20:29:21 2022 No.50257822

>>50257760
Seethe rentoid. Trudeau free money FTHSA starts next year. Real estate is going to bounce back in Toronto to ATH. Keep praying for your crash that worked out well for everyone else that stayed on sidelines for last decade. Market would have to drop -80% for me to lose money at this point.

Anonymous Sat Jul 9 20:30:26 2022 No.50257835

>>50257822
yes but we are talking about the future prospects for the housing mkt relative to the cost now.
we are not all say around talking about an overweight retard who we happen to know bought in N years ago. We don't give one flying shit about you.

>>	Anonymous Sat Jul 9 20:31:07 2022 No.50257839 >>50257796 yes, that's what I initially said, house prices are the product of the global monetary policies not supply/demand.

Anonymous Sat Jul 9 20:33:45 2022 No.50257875

>>50257839
yes and then when you started arguing with me in a pointless way I thought "hey this guy is nuts".
The looser the credit the more the land goes up as the labour/materials stayed the same cost for most of 2000-present, until they hit zirp and inflation went nuts. Therefore the cost went into the land. Without the land cost rise housing would be okay, as we still have to pay to build, yes there are issues with fees etc but the land is the killer.
Land value tax is set to make the land price close to zero.

>>	Anonymous Sat Jul 9 20:33:49 2022 No.50257876 >>50257822 >Seethe rentoid. >You can't afford to buy? Good, this means I can profit. Then people wonder why we are where we are at right now. Morality governs reality.

Anonymous Sat Jul 9 20:33:56 2022 No.50257877

>>50257770
>you have plenty of supply

Says who? Where is this supply? Why is the residential vacancy rate so low in Toronto if there's all this supply?

>because it's more profitable to sit on a property (ie speculate) then to lower the price

No "investor" worth their salt is going to buy a unit and then leave it vacant instead of renting it out. Even if you're cash flow negative it's better to have some subsidy of your mortgage than to just eat that entire cost. The only time you'd leave it vacant instead of renting is when you have stupid fucking rent control like we have here in Ontario. During COVID, when rents fell 10-20% because everyone fled the city cores, landlords were incentivzed to hold units vacant and wait for the market turnaround because due to our rent control laws, locking in a tenant at rents 20% below the prior market rent meant that haircut was locked in forever. You can't push it back to market when it rebounds, you can only push it 1-2% a year. No one wanted to take that permanent impairment of cash flow/value, so they held units offline. Now the market has come back and those that locked in tenants at COVID pricing want to kill themselves. Thanks, rent control!

>Also, I want a house but I can't afford it, does this mean there is no demand?

Clearly there's enough demand to push the price of housing beyond your budget.

>Cost of construction is only part of the total cost but it's not the determining factor.

What is the determining factor, then?

>what does "below market" mean? The price is whatever market rate. Landlordism is parasitism. Landlords (together with banksters) are parasites of society.

Below market means exactly that. If you're someone who began renting in Toronto in the 1990's or whenever when rent was like $500 bucks, due to rent control that has only risen at like 1-2% per year. Such that today, you're paying like $1,000/mo in rent despite comparable vacant units going for say, $2,000/mo.

Anonymous Sat Jul 9 20:35:46 2022 No.50257894

>>50257877
Trudeau is basically running a plan where they look at the new housing builds in Canada, then they set the immigration target at 150% or 200% of that, to put more and more pressure on housing stock, to continuously ramp prices.
The earning power of immigrants will drop, why would you come to Canada if you can go to europe or USA?

>>	Anonymous Sat Jul 9 20:36:11 2022 No.50257898 >>50257875 >Land value tax is set to make the land price close to zero. Except it doesn't because the tax revenue will be recycled back into the pockets of owners because the system is still based on profit.

>>	Anonymous Sat Jul 9 20:36:55 2022 No.50257907 >>50254564 Canada's housing crashed because Trump left presidency. Now all the liberals can come back

>>	Anonymous Sat Jul 9 20:37:13 2022 No.50257913 >>50256109 Half of them are native names and the other half are English/British lmao.

>>	Anonymous Sat Jul 9 20:37:22 2022 No.50257915 >>50257898 All profits do ultimately flow to land, but socializing the location part of that profit (the main part) would be a game changer. If we must have capitalism then euthenizing the rentier would transform life.

Anonymous Sat Jul 9 20:40:34 2022 No.50257937

>>50257806
>What cost of maintenance? maintenance is part of rent.

What the fuck are you talking about? Rent is charged based on what rent control allows, not "market rate" unless you own a building not subject to rent control, or you're renting out a vacant suite. Maintenance is all sorts of things related to the maintenance of the productive capacity of the asset. Repairs to units, mechanical systems, common areas, etc. You can't necessarily pass all that along to the tenant because, again, rent control only allows you to increase rent 1-2% per year in most cases. In some cases if you spend a lot of money to increase the quality of the building you can apply for an "above guideline increase" or AGI but it's a hassle to do and your rentoids get mad when they're actually made to pay for the improvement in building quality

>>50257815
>If the latter you are at the max price, how will increasing the input cost magically make the market able to pay more?

Increasing input cost without any mechanism for recovery will further disincentivize ownership/development of new rental stock. This leads to less available supply, or at least lower supply growth. If demand remains constant against shrinking supply growth, that should push prices higher

>>	Anonymous Sat Jul 9 20:42:08 2022 No.50257952 >>50254564 imagine living in SCUGOG do canadians really

Anonymous Sat Jul 9 20:43:29 2022 No.50257970

>>50257877
> Why is the residential vacancy rate so low in Toronto if there's all this supply?
Vacancy rate =/= supply. Vacancy rate is how many are available to buy/rent.
>No "investor" worth their salt is going to buy a unit and then leave it vacant instead of renting it out.
The investor will do whatever is most profitable for them.
>Clearly there's enough demand to push the price of housing beyond your budget.
prices are not supply/demand driven. they're driven by the monetary policy and greed.
>What is the determining factor, then?
the monetary policy and greed.
> Below market means exactly that.
the market rate for vacant units.

Anonymous Sat Jul 9 20:43:32 2022 No.50257971

>>50257894
The USA is far more anti-immigrant than Canada and you have a non-zero chance of getting shot wherever it is you happen to be. Europe has their own problems to contend with and in many cases has even more expensive housing than Canada. Europe has a far more normalized "rent for life" mindset, so I don't know where you're going to find cheap housing anywhere desirable there.

Anonymous Sat Jul 9 20:43:50 2022 No.50257974

>>50257937
>further disincentivize ownership/development of new rental stock.
jesus christ you really are a canadian npc
as if most landlords are building houses.
they take a house off the market, then they "increase supply" by renting it back out.
And demand won't remain constant once housing stops appreciating so much, all the leeches will get flushed down the drain. Loose credit has created demand by giving the NPC tard easy money. Why are there TV series on housing? It's for the tards.

>>	Anonymous Sat Jul 9 20:45:02 2022 No.50257988 >>50257971 this again is just the typical "oh canada is amazing" shit. It's just not true. Canada is "okay". There are plenty of other places. You can't just keep increasing housing costs and skimming off the top without push-back.

Anonymous Sat Jul 9 20:45:46 2022 No.50258000

>>50257915
>socializing
Taxes are not socializing anything. socializing would be giving people land/housing for free so they do not have to rely on greedy parasites to live.
>If we must have capitalism then euthenizing the rentier would transform life.
and like i said before taxes will not euthenizing the rentier because it will inevitably find its way back into their pockets because the system is greed based.

Anonymous Sat Jul 9 20:45:58 2022 No.50258002

>>50257970
>Vacancy rate =/= supply. Vacancy rate is how many are available to buy/rent.

So you're asserting that there's a ton of owned units being held intentionally vacant? Is there any proof of this?

>The investor will do whatever is most profitable for them.

In virtually 0 cases is "leaving the unit vacant" more profitable for them

>prices are not supply/demand driven. they're driven by the monetary policy and greed.

Everything is driven by supply and demand. You can argue the demand side is driven by monetary policy and greed, but it still boils down to supply/demand

>the market rate for vacant units.

Correct, but units that are not vacant are, in many cases, paying well below market rate for vacant units due to rent control laws.

>>	Anonymous Sat Jul 9 20:47:53 2022 No.50258016 >>50258000 taxing land and then spending it on schools or to build public housing is socializing. yes the private sector might get that pay but they have to exchange it for real value eg labour

Anonymous Sat Jul 9 20:49:20 2022 No.50258027

>>50257937
>What the fuck are you talking about?
people pay rent and it's the job of the landlord to save some of that for maintenance.
>disincentivize ownership/development of new rental stock.
good. we do not need to incentive parasitism. housing is a human right.

>>	Anonymous Sat Jul 9 20:49:44 2022 No.50258031 >>50257795 yes, but communication is a vitale part of being an eligible candidate in scandinavia. They most of the time require you to speak the language fluent

Anonymous Sat Jul 9 20:52:40 2022 No.50258070

>>50257974
>they take a house off the market, then they "increase supply" by renting it back out.

Corporate landlords don't own "houses", they own multifamily buildings which are designed for corporate ownership. No individual is going to "buy" a 50-unit purpose built rental building to live in.

Individual landlords, sure, they primarily buy condo units to rent out. Again, landlords are the only ones out here actually creating new supply of units by being the source of demand for new condo construction, which eventually in some cases become rental units. Without the investor-driven creation of new rental units we'd have even less supply in this city/country.

As these mom and pop condo unit landlords get flushed out, that means they're not going to buy the next unit that comes up. That means the next condo development won't pencil because they can't get the pre-sale requirements. That means supply goes down. The offset there is if the units already held by investors either get rented out or sold to end users, that helps alleviate some of the pressures.

>>50257988
There are plenty of other places, sure, and all of them are running similar schemes. The US is cheaper on average for now, but they have much more corporate involvement in single family ownership and that trend isn't reversing without sweeping legislation. The US being as cheap as it is is an aberration and for-profit groups are working hard to take advantage of it.

Anonymous Sat Jul 9 20:54:51 2022 No.50258090

>>50258027
>people pay rent and it's the job of the landlord to save some of that for maintenance.

Hard to save it for maintenance when the amount you're being paid in rent isn't high enough due to artificial market distortions like rent control. And then rentoids in this city wonder why their buildings are in such poor condition. Maybe it's because it's filled with people paying $900/mo for a suite that would otherwise rent for double that, at least, in a normal market environment

>housing is a human right.

Bullshit it isn't. Housing is something that costs money, time, and effort to provide. You are not entitled to the hard work of others. Is food a human right? Do you bitch and complain when you need to pay the grocery store for food? Stupid fucking child.

Anonymous Sat Jul 9 20:57:04 2022 No.50258120

>>50258002
> Is there any proof of this?
https://www.self.inc/info/empty-homes/
>In virtually 0 cases is "leaving the unit vacant" more profitable for them
Is there any proof of this?
>Everything is driven by supply and demand.
Except it's not. Morality governs reality.
>but it still boils down to supply/demand
but doesn't. I want a home, I cannot afford it, does this mean there is no demand? or an empty home is sitting at above market rates waiting for someone to buy it, does this mean there is no supply?

>>	Anonymous Sat Jul 9 20:58:46 2022 No.50258138 >>50258016 >taxing land and then spending it on schools or to build public housing is socializing. right, but that's not what you said, you just said "land value tax"

>>	Anonymous Sat Jul 9 21:01:43 2022 No.50258170 >>50258138 that's what land value tax is, read up on it.

Anonymous Sat Jul 9 21:03:46 2022 No.50258194

>>50258070
I personally see the missing link here as land value tax. The gains made are on appreciation as well as the month-to-month running of providing a service.
If we took the absurd appreciation out by flushing out speculators, regulating foreign ownership and having our fucking banks lend against productive activity, we'd still have enough to build but it would take the insane speculation out, making buildings cheaper.
Canada really has had a nightmare ten years, very poorly run country.

Anonymous Sat Jul 9 21:05:14 2022 No.50258214

>>50258090
>Hard to save it for maintenance when the amount you're being paid in rent isn't high enough
why is it hard to save? high enough for what?
>Bullshit it isn't.
because you say so?
>Housing is something that costs money, time, and effort to provide.
yes and all of it is paid for by labour
> You are not entitled to the hard work of others.
but landlordism is exactly that appropriation of someone else's labour through the machanism of private property (ie violence)
>Is food a human right?
yes
>Do you bitch and complain when you need to pay the grocery store for food?
if I cannot afford good quality food yes.

Anonymous Sat Jul 9 21:05:22 2022 No.50258215

>>50258120
>https://www.self.inc/info/empty-homes/

Seems to include vacation homes which will obviously be empty most of the year. I don't care enough to dig into the methodology so I'll assume you're correct - at the end of the day the owner can do whatever they want with the property, it's theirs. If they want to hold it vacant and eat the cost of mortgage/property tax with no offsetting revenue that's on them. It's inherently self-destructive and they'll either sell it to someone else for a profit (or loss), or end up renting it out to recoup some cash flow.

>Is there any proof of this?

Logically why would one forgo rental income if they as the owner still get to benefit from property price appreciation? It makes no sense

>but doesn't. I want a home, I cannot afford it,

tough shit, make more money.

>does this mean there is no demand? or an empty home is sitting at above market rates waiting for someone to buy it, does this mean there is no supply?

if an empty home is sitting at above market rates, it won't sell and the owner will continue to eat the carrying costs. If prices stop going up, they'll eventually sell or rent it out. Since you can't afford housing now, sounds like you'll just have to wait and speculate on housing falling to a level you deem "affordable".

>>	Anonymous Sat Jul 9 21:06:37 2022 No.50258229 >>50258170 >that's what land value tax is land value tax necessarily means it will go towards social causes? says who?

Anonymous Sat Jul 9 21:08:18 2022 No.50258239

>>50258229
it goes to the govt who then spend it
I don't want to get into some mutt tard thing about govt being evil etc.
The govt use it as tax income to spend on services and ideally also reduce the tax on labour.
So you get less people as lazy landlords and people who actually create value get to keep more of it. And the value they create won't be rentier income as that's taxed more!

Anonymous Sat Jul 9 21:12:00 2022 No.50258290

>>50258215
>at the end of the day the owner can do whatever they want with the property, it's theirs.
yes and under capitalist regime this means doing whatever they think is most profitable to them at the time for whatever reason
>Logically why would one forgo rental income
I don't know, maybe because they think it's not worth it to them, because because they're speculating by flipping homes or something or maybe the goal is to buy a lot properties and keep them vacant with the goal of increasing the market rate etc.
>tough shit, make more money.
case in point
>it won't sell
how do you know?

>>	Anonymous Sat Jul 9 21:14:42 2022 No.50258320 >>50257877 >No "investor" worth their salt is going to buy a unit and then leave it vacant instead of renting it out. Lol mass long term vacancies have been a feature of every major property market for years now where have you been.

Anonymous Sat Jul 9 21:14:45 2022 No.50258322

>>50258290
in London in some boroughs vacancy rates are high as property taxes are very low and for a long time appreciation was so high that many owners didn't want the hassle, they were getting big appreciation, had little to no cost of carry.
This is another thing about land value tax, if you don't use the land you are bleeding from the ears. Even if it's an empty lot as the unimproved value is taxed, so you pay the same as a 4 story house next door.

Anonymous Sat Jul 9 21:15:15 2022 No.50258329

>>50258194
LVT seems to make a lot of sense, but unfortunately given the state of the current system I can't see it ever being implemented. We're too far along the current path to just about-face and destroy all the "value" tied up in real estate. I believe we currently tax improvements based on "highest and best use", but I guess that doesn't necessarily reflect the value of the underlying land.

>>50258214

>why is it hard to save? high enough for what?

It's hard to save for the reasons I described in my prior post, you idiot. If your maintenance bill is $500/mo but your rentoids currently pay you a combined $300/mo in rent across the entire building because they're rent-controlled tenants that have been there 30 years, how do you expect to save enough from rent receipts to cover the bill?

>because you say so?

I could say the same about your bullshit claim that housing is a human right. Why is it a human right? Because you say so?

>yes and all of it is paid for by labour

Go build your own house then. Unless you do that, you have no right to demand one be provided to you. You can use your labor to earn a wage that can then go towards funding your cost of shelter from a generous landlord who does you the service of providing it to you.

>but landlordism is exactly that appropriation of someone else's labour through the machanism of private property (ie violence)

Landlordism is earning a return on invested capital, much like all other investment. You invest in the purchase of an asset, and you also invest in the maintenance/improvement of the productive capacity of that asset, providing shelter to others without the means to purchase it for themselves. Be grateful there are people out there more adept at managing their capital than you are, who have graciously offered to provide you a home you do not have the ability to acquire on your own. If this bothers you, get you fucking skills up and make enough money to afford your own place (or move).

>>	Anonymous Sat Jul 9 21:15:46 2022 No.50258333 >>50258320 Many Canadians have been reading econ 101 books and swallowing it whole.

Anonymous Sat Jul 9 21:16:36 2022 No.50258350

>>50258239
>it goes to the govt who then spend it
yeah but how the government spends it depends on the government, what laws are passed etc. and none of is guaranteed to benefit the 99%.
>reduce the tax on labour.
or corporate taxes
>I don't want to get into some mutt tard thing about govt being evil etc.
I didn't say gov is evil, I just said that increasing taxes on land does not necessarily mean it will improve anything
>So you get less people as lazy landlords and people who actually create value get to keep more of it.
yes that's what you want to happen but not necessarily what those who create laws would want to happen

Anonymous Sat Jul 9 21:18:14 2022 No.50258366

>>50258329
>We're too far along the current path to just about-face
the general implementation plan is that existing land owners would be given a one-off compensation for the drop in land value due to the tax. Agree it's a mountain to scale given what a total mess Canada is in.
yes taxing improvements is like taxing work, why discourage it? tax the fuck out of the guy running a huge tarmac carpark in the middle of a city, as much as the guy with a sky-scraper next door.

Anonymous Sat Jul 9 21:19:15 2022 No.50258380

>>50258350
>yeah but how the government spends it depends on the government, what laws are passed etc. and none of is guaranteed to benefit the 99%.
sorry but I don't normally converse with mutts for long, america is just so fucked up. I'd just put the whole thing in the bin.

Anonymous Sat Jul 9 21:19:47 2022 No.50258384

>>50258320
Maybe in commercial property where in some cases the debt backing the property specifies a minimum asset valuation to support the debt, whereby locking in a low rate impairs the value and the loan. In any case you can't just eat that vacancy forever unless you enjoy burning money, but that makes you a pretty shitty investor if so.

>>50258322
sounds like we need to think about improving landlord-tenant boards to make it easy to rid yourselves of terrible tenants. I completely agree in some cases, why would I take the risk of renting out my place if the tenant holds all the power? But this is why I wouldn't get into real estate investorship in the first place, too much scum to deal with and your hands are tied as the landlord in many cases because of this perception that you hold all the power

>>	Anonymous Sat Jul 9 21:21:03 2022 No.50258397 >>50258384 no it has nothing to do with tenant rights and everything to do with the low cost of carry

Anonymous Sat Jul 9 21:21:08 2022 No.50258398

>>50258329
>If your maintenance bill is $500/mo but your rentoids currently pay you a combined $300/mo in rent across the entire building
ok, in this case yes, but is that actually the case? no one pays $300/mo in rent and maintenance bill is $500/mo.
>Why is it a human right?
because everyone needs a place to live, that's why.
>Go build your own house then.
Non-sequitur.
>Landlordism is earning a return on invested capital, much like all other investment.
You have 0 right to any return on your capital, in fact capital itself has no right to exist. It's purely imaginary. Landlordism is parasitism.

>>	Anonymous Sat Jul 9 21:23:03 2022 No.50258421 >>50258380 lol, so much for "land value tax". remember, morality governs reality. Function determines form. if society is based on immorality/greed, everything will take the appropriate form.

Anonymous Sat Jul 9 21:24:32 2022 No.50258437

>>50258398
>ok, in this case yes, but is that actually the case? no one pays $300/mo in rent and maintenance bill is $500/mo.

The numbers are made up but the gist is the same. You don't get enough in annual rental increases to keep up with the annual increase in running costs, especially over years/decades. The only time you get to mark a unit to market is when it turns over and the tenant vacates, but because tenants know how the rent control game works, the longer they're in the unit the less incentivized they are to ever move out, because they likely can't afford to pay market rate. This is the city telling them they can't afford to live here anymore, but luckily rent control allows these less productive people to hoard housing from those willing to pay market rate for it

>because everyone needs a place to live, that's why.

make more money or move somewhere cheaper, then. Others don't need to bend over backwards to accomodate you because you can't afford to pay the going rate in a region. What makes you think you're entitled to live in a globally desirable area if you don't make enough income to justify it?

>You have 0 right to any return on your capital, in fact capital itself has no right to exist. It's purely imaginary. Landlordism is parasitism.

Cringe, go finish high school you edgy child.

>>	Anonymous Sat Jul 9 21:25:27 2022 No.50258448 >>50258421 America is in a league of its own for immorality. European countries have a kind of capitalism lite where everyone isn't a wall to wall cunt. America has cultural issues that make it dreadful.

>>	Anonymous Sat Jul 9 21:27:13 2022 No.50258463 >>50256857 How do I get into the fsb

>>	Anonymous Sat Jul 9 21:27:24 2022 No.50258465 >>50258031 Scandinavian languages are piss-easy to learn though aren't they? I know Swedish is really easy but not sure about the rest. They aren't nightmare languages like German in terms of learning curve at least.

>>	Anonymous Sat Jul 9 21:28:17 2022 No.50258476 >>50258384 >Maybe in commercial property Genuinely don't know how you've missed this. Have you never seen a brand new appt building sit vacant for months or longer?

Anonymous Sat Jul 9 21:28:54 2022 No.50258486

>>50255513
>you get healthcare
it takes up to 5 years to find a family doctor, and then they often move around so you get fucked again. i tried going to a clinic today and all of them are closed by 2pm because theres no doctor there. because of this, ER wait rooms are completely full and you'll be waiting the whole day to finally see a doctor, sitting around sick people.

it's a fucking disaster in this country and all the smart people flee.

>>	Anonymous Sat Jul 9 21:29:50 2022 No.50258503 >>50258476 >Have you never seen a brand new appt building sit vacant for months or longer? Because it's leasing up and that shit takes time? Of course I've seen them sit, but lease-up timelines on a brand new building are like a year.

Anonymous Sat Jul 9 21:30:44 2022 No.50258510

>>50258448
Easier to make money in the US vs anywhere else in the world and you can pretty much do whatever you want. Miss me with the low housing inventory, exorbitant cost of living and heavy regulations. Ffs, the UK has a TV tax for an already-taxpayer-funded broadcasting network.

Anonymous Sat Jul 9 21:31:19 2022 No.50258521

>>50258437
if the property is so out of maintenance that you need to spend more than the rent then you've got some serious problems and should probably reevaluate your choices.
>make more money or move somewhere cheaper, then.
why? I can apply the same logic to you: you can't pay maintenance bills? sell the place and let someone else manage. no one owes you anything.
>Cringe, go finish high school you edgy child.
Not an argument.

Anonymous Sat Jul 9 21:33:34 2022 No.50258546
File: 192 KB, 1024x734, 1655596757037.jpg [View same] [iqdb] [saucenao] [google]

I'm I bought a condo in Abbotsford BC (near Vancouver) a year and a half ago.

Bought for 256,000 and now it's 400,000

I've almost created 200k in a year and a half. I will continue renting it out and letting the values rise.

>>	Anonymous Sat Jul 9 21:33:44 2022 No.50258549 >>50258448 I agree and Canada is not too far off. >>50258463 just call Putin.

Anonymous Sat Jul 9 21:34:44 2022 No.50258563

>>50258521
>if the property is so out of maintenance that you need to spend more than the rent then you've got some serious problems and should probably reevaluate your choices.

Moreso that the faster growth in repairs/mainteannce/operating costs vs rental growth leads to compression in operating margins. There's still healthy profit, just less so. And no, we're not going to spend that profit on improving your living experience for 0 return on invested capital. We'll just let it fall into disrepair until you get the hint and fuck off, or we'll renovict you.

>>	Anonymous Sat Jul 9 21:34:47 2022 No.50258565 >>50255909 Retard health insurance companies and hospitals are basically branches of the government at this point >t. Healthcare biller

>>	Anonymous Sat Jul 9 21:34:47 2022 No.50258564 >>50258546 >I will continue renting it out and letting the values rise. where do you live in the meantime?

>>	Anonymous Sat Jul 9 21:37:00 2022 No.50258592 >>50258564 I rent a laneway home in East Van.

>>	Anonymous Sat Jul 9 21:37:49 2022 No.50258601 >>50256261 lol you guys are to burgericans what belgians are to the frogs. always with that inferiority complex

>>	Anonymous Sat Jul 9 21:38:36 2022 No.50258610 >>50258563 lol so the problem is actually your greed "why should I improve the place instead pocketing the difference?" not imagery "supply/demand" curves. So, thanks for proving my point.

Anonymous Sat Jul 9 21:43:05 2022 No.50258666

>>50254589
I can chime in as an east euro with relatives and friends who migrated to Canada and US.
Why Canada:
>close to European style welfare
>people are more polite
>less dark skinned people (crime in worst places in Toronto are nothing compared to Chicago, Detroit, New York)
>funnily enough, less xenophobia (yes, my relatives who hate darkies, don't want to be hated as immigrants in Canada)
>(mostly) no natural disasters
>had big pushes to bring in nurses and blue collar workers
Why US:
>land of opportunities
>highest wages in the world save for small niche countries
>low taxes
>comfortable weather in most states
>big houses
>cheap cars and food
>all the stuff they see on TV is from there

>>	Anonymous Sat Jul 9 21:44:18 2022 No.50258677 >>50258610 That profit serves as my return on invested capital. Why would I forgo that to improve the living standards for lifelong tenants paying well below market rate?

>>	Anonymous Sat Jul 9 21:50:24 2022 No.50258753 >>50256020 >comparing anything to NY holy fuck this is the cope they feed the leafs to prevent them from leaving their shithole

>>	Anonymous Sat Jul 9 21:54:06 2022 No.50258792 File: 41 KB, 549x549, 34687248_10156534610663993_8303187916595658752_n.jpg [View same] [iqdb] [saucenao] [google] >>50256380 >288 >0

>>	Anonymous Sat Jul 9 21:54:22 2022 No.50258796 >>50257518 A family should have 1 working male 1 stay at home female and 3 children. If a single male cannot afford a house how is a proper family supposed to? Women in the workplace is unnatural and they do not belong there.

Anonymous Sat Jul 9 22:04:05 2022 No.50258908

>>50258366
>tax the fuck out of the guy running a huge tarmac carpark in the middle of a city, as much as the guy with a sky-scraper next door
This kind of land value tax idea is retarded, the only reason the guy running a carpark instead of a skyscraper is because he doesn't have the capital to afford a skyscraper, so if the LVT is meaningful enough to make a difference then he'd be forced to sell because it would no longer be profitable.
Meanwhile the rich can always afford to build the most wealth generating asset on the land, so that's what the land value tax will encourage.
It's just another idea that will consolidate wealth towards the people that are already richer than the average rich.
The real answer is to reduce municipal regulation because they take months/years to approve anything, they charge a fuck ton for new builds, and limit what can be built. If they're removed from the equation then anyone can build what they want and anyone can afford a home.

>>	Anonymous Sat Jul 9 22:11:46 2022 No.50258987 >>50254664 this is what you want, ive been using it to look for a new place to live https://www.arcgis.com/apps/mapviewer/index.html?webmap=30d2e10d4d694b3eb4dc4d2e58dbb5a5

Anonymous Sat Jul 9 22:20:19 2022 No.50259069

>>50258677
Because the market rate is fucked and you're a demon. How the fuck are you still pearl-clutching as you witness society descend into despair and depravity all around you? Do you realize that this shit world you're creating is where your children will live in?

Anonymous Sat Jul 9 22:34:48 2022 No.50259245

Canadians are hopelessly naive children with unrealistic views and expectations of the world.

I used to work in the US and came back to Toronto to be closer to my folks. The longer I stay here the more my contempt for "Canadian values" grows. If you are highly educated and ambitious the only reasons to stay in Canada is to start your own business and game government subsidies or become a politician (if you have the stomach to swallow that shit).

>>	Anonymous Sat Jul 9 22:49:05 2022 No.50259383 >>50258666 Checked, what state/province ?

>>	Anonymous Sat Jul 9 23:54:49 2022 No.50260101 >>50259383 Ontario, Alberta, New Jersey, Maryland.

>>	Anonymous Sun Jul 10 00:07:24 2022 No.50260238 >>50257595 >Grosse Point solid blue Based, just how I remember growing up there

Anonymous Sun Jul 10 00:07:49 2022 No.50260245
File: 78 KB, 1000x771, ()Shinzo.jpg [View same] [iqdb] [saucenao] [google]

>>50254564
Gov interfers with the free market keeping housing prices artificially high. Homes cannot be sold under market value by law, the bank happily honor this bargin.

Why would anyone want to live in canada at all?
No Freedom of Speech
No Freedom of Assembly
Gov takes 65% of your earnings in tax to pay for a health care system that doesn't work and doesn't cover your drugs.
Can't Get a passport if you need one.
Still pushing quarantine and vax mandates
Can't keep internet working for 75% of the population.

The nation is a 3rd world joke passed of as a liberal hellhole.

>>	Anonymous Sun Jul 10 00:08:51 2022 No.50260262 >>50254564 isn't that only like 1 or 2 years worth of price? I don't know anything about canada

>>	Anonymous Sun Jul 10 00:13:20 2022 No.50260309 File: 549 KB, 1342x1774, 1619140132139.jpg [View same] [iqdb] [saucenao] [google] >>50256245 Why do Americans love school shootings?

>>	Anonymous Sun Jul 10 00:17:18 2022 No.50260347 >>50254564 >down 15-24% We are only at the start of this. Housing will continue to fall for another year, until the end of the recession or rates peak. Stupid fools, paying more than a million to live in a place were its cold for 8 months of the year

>>	Anonymous Sun Jul 10 00:20:52 2022 No.50260388 >>50255513 Not over here where I live. We banned crime in my gated community and everyone is nice and friendly. I can even walk to my local creamery if I feel like doing so.

>>	Anonymous Sun Jul 10 00:32:58 2022 No.50260528 >>50258987 bless

>>	Anonymous Sun Jul 10 00:37:12 2022 No.50260568 >>50254589 I visited Toronto in the mid 90s. Am from Chicago. It was the cleanest nicest city I have ever been in. I have never gone back and probably won’t because I know it’s perma fucked like Chicago and every other city in America.

Anonymous Sun Jul 10 00:42:22 2022 No.50260630

>>50256557
Nah there's a ton of anglophones in Montreal. You'd be surprised by how many people live there for years and don't speak a lick of French.
And since housing prices are so retarded in the rest of Canada now, we're starting to see a lot of Chinese immigrants buying up property here.
5-10 years from now Quebec will be exponentially more anglophone, especially Montreal.

>>	Anonymous Sun Jul 10 01:00:32 2022 No.50260866 >>50254589 They don't let them out

>>	Anonymous Sun Jul 10 01:26:30 2022 No.50261181 >>50254615 5 years actually

>>	Anonymous Sun Jul 10 02:42:28 2022 No.50262142 File: 206 KB, 1080x1131, Screenshot_20220709-224104_Brave.jpg [View same] [iqdb] [saucenao] [google] >>50254615 Ahhh so it's over then even for people who bought 10 years ago as they will renew to a higher mortgage rate

>>	Anonymous Sun Jul 10 02:52:07 2022 No.50262251 >>50256020 Now compare pay

>>	Anonymous Sun Jul 10 03:16:44 2022 No.50262540 >>50254564 Housing market will never crash anon. See USA housing market.

>>	Anonymous Sun Jul 10 04:02:44 2022 No.50263039 >>50256245 >UK 0 Ok but now try to compare it against knife attacks.

>>	Anonymous Sun Jul 10 04:06:55 2022 No.50263094 >>50254564 I'm not even a bobo and this pleases me. Leafbros were getting boned way too hard. Even though they kind of deserve it for who they vote into office.

Anonymous Sun Jul 10 04:24:57 2022 No.50263265

>>50262142
Yeah if it gets going it could be really, really brutal. My parents bought in 2016 and refinanced early in 2019 for a better rate but could still get fucked bad in 2024 if rates hike and stay high until then. My dad is a turbonormie and doesn't seem to be able to take the possibility seriously and remains unwilling/incapable of saving money instead of slowly running up his secured line of credit.

>>	Anonymous Sun Jul 10 06:03:41 2022 No.50264065 >>50260630 T fucking con si tu crois que les quebecois vont laisser les anglophones continuer comme ca. Believe it or not, the second Ottawa stops giving Quebec blowjobs we're gone.

>>	Anonymous Sun Jul 10 09:55:59 2022 No.50265565 >>50254589 Very hard to get a greencard in U.S, very easy in Canada. Plus tech jobs are still very easy to get in Canada and pay is similar. t. third worldie in Vancouver with 375k salary

>>	Anonymous Sun Jul 10 09:57:33 2022 No.50265576 >>50254589 US is infested with spics

>>	Anonymous Sun Jul 10 10:12:42 2022 No.50265654 >>50265576 Anon, I...

>>	Anonymous Sun Jul 10 10:14:12 2022 No.50265666 Market cap of Toronto residential real estate is about 4.3 trillion dollars. Market cap of NYC residential real estate is just over 6 trillion. NYC has 5x the GDP of Greater Toronto.

>>	Anonymous Sun Jul 10 10:23:06 2022 No.50265721 >>50260309 Why do blacks love gun crime?

>>	Anonymous Sun Jul 10 10:23:28 2022 No.50265727 >>50257474 Do Norwegian companies hire from other european countries? I have 2 years of c++ experience, I'm gettin 2k bruto in eastern europe, I think I might be getting screwed over right now.

>>	Anonymous Sun Jul 10 10:26:54 2022 No.50265749 >>50258601 Belgium is better than France (because it has Flanders)

>>	Anonymous Sun Jul 10 10:34:47 2022 No.50265804 >>50255513 based on what? on reddit and internet news articles? lol

>>	Anonymous Sun Jul 10 10:38:01 2022 No.50265815 >>50256655 And communism/socialism is for the dear leaders and party members, everyone else has it even worse. What's your solution?

>>	Anonymous Sun Jul 10 10:40:45 2022 No.50265833 >>50265721 For the same reason trailerpark whites love it.

>>	Anonymous Sun Jul 10 11:01:40 2022 No.50265975 >>50265833 But they love it more, not denying they don't like it themselves.

>>	Anonymous Sun Jul 10 11:05:43 2022 No.50265997 Hopefully this happens elsewhere so China collapses and they go back to eating shallows and locusts

>>	Anonymous Sun Jul 10 11:06:29 2022 No.50266004 >>50254589 you save more money in canada since you dont have to spend it in kevlar vests

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/biz/ - Business & Finance