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real estate prices in Canada sustainable?

real estate prices in Canada sustainable?

Old May 7th 2021, 9:45 pm
  #406  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by dbd33
You got outbid.

Now here is a car

https://bringatrailer.com/listing/1969-citroen-ds-6/
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Old May 7th 2021, 10:05 pm
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Partially discharged
Several times. Back in the lead but probably not willing to come up with enough cash.

I prefer the Safari, if you're going to go weird, go all the way. The Chapron is fabulous, of course, but that's serious money.
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Old May 9th 2021, 10:14 am
  #408  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by dbd33
Several times. Back in the lead but probably not willing to come up with enough cash.

I prefer the Safari, if you're going to go weird, go all the way. The Chapron is fabulous, of course, but that's serious money.
Are you buying the cars as an investment or as a hobby ?
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Old May 9th 2021, 11:52 am
  #409  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Shard
Are you buying the cars as an investment or as a hobby ?
For fun. Cars and horses are where money goes, not where it comes from. Have to let that one go, it'll be 60 grand and there's a lot of fencing to do here.
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Old May 9th 2021, 4:04 pm
  #410  
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Default Re: real estate prices in Canada sustainable?

If I had land and funds, I would collect vintage small aircraft, and have a giant aquarium built into my wall....
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Old May 9th 2021, 5:18 pm
  #411  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Jsmth321
If I had land and funds, I would collect vintage small aircraft, and have a giant aquarium built into my wall....

If I had the kind of money needed to maintain small aircraft I'd retire to the Bahamas.
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Old May 9th 2021, 5:56 pm
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Default Re: real estate prices in Canada sustainable?

Originally Posted by dbd33
If I had the kind of money needed to maintain small aircraft I'd retire to the Bahamas.
Oh I wasn't talking about flying and maintaining them in airworthy condition, just collecting them museum style where they look pretty but not functional anymore.

Way too expensive to keep such things in airworthy condition...
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Old May 11th 2021, 3:07 pm
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Jsmth321
Oh I wasn't talking about flying and maintaining them in airworthy condition, just collecting them museum style where they look pretty but not functional anymore.

Way too expensive to keep such things in airworthy condition...
My cousin has a Cessna, we were several thousand feet up when I noticed there was a little plaque that had 1947 engraved on it. Conversation went something like this

-Please tell me that is your registration number.
-Oh that? No it's the year of manufacture
- Gulp, are we quite close to landing?
- Not far
- Good.
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Old May 11th 2021, 3:17 pm
  #414  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by HGerchikov
My cousin has a Cessna, we were several thousand feet up when I noticed there was a little plaque that had 1947 engraved on it. Conversation went something like this

-Please tell me that is your registration number.
-Oh that? No it's the year of manufacture
- Gulp, are we quite close to landing?
- Not far
- Good.
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Old May 11th 2021, 3:53 pm
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Default Re: real estate prices in Canada sustainable?

Originally Posted by HGerchikov
My cousin has a Cessna, we were several thousand feet up when I noticed there was a little plaque that had 1947 engraved on it. Conversation went something like this

-Please tell me that is your registration number.
-Oh that? No it's the year of manufacture
- Gulp, are we quite close to landing?
- Not far
- Good.
We had a job in Miami so, for a change, we decided to go in my colleague's single engine plane. The first step is to fly over Lake Ontario, there's a period when landing isn't an option so his wife was most insistent that we take life jackets. We flew out to the coast in a series of little hops and then along the coast (I got to drive!) down to Opa Locka. Fantastic trip. When we got there the pilot stood on the wing and opened the storage bin, not accessible from the interior; there were the life jackets.

He later traded up to a share in a twin with retractable landing gear. One of the other shareholders landed it with the wheels up. That was an expensive mistake for all involved and the end of flying for my associate.
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Old May 11th 2021, 4:10 pm
  #416  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by dbd33
If I had the kind of money needed to maintain small aircraft I'd retire to the Bahamas.
I don't know why people maintain boats in Ontario. I get there is lots of water but taking the boat out the water 6 months of the year seems to cause a lot of problems when it is time to go back in.

Last edited by JamesM; May 11th 2021 at 4:13 pm.
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Old May 11th 2021, 4:20 pm
  #417  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by JamesM
I don't know why people maintain boats in Ontario. I get there is lots of water but taking the boat out the water 6 months of the year seems to cause a lot of problems when it is time to go back in.
I don't miss "pull out day" that's for sure. At the ABYC most boats are put on cradles and then brought out of the lake on a marine railway; a railway powered by people pulling on ropes. It's in mid-October so that's a long cold day. Of course, most any day in Ontario when you have to go outside seems long and cold.
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Old May 12th 2021, 1:26 am
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Jsmth321
One example as to some of the reasons renting is so unstable in parts of Canada.

https://www.cbc.ca/news/canada/londo...lord-1.6017626
Well, I don't doubt landlords in Canada are much like those in England where my brother worked for a time as a winkler, that is someone who winkles a tenant out of a property. A typical move there was to take the external door off the apartment so that the tenant couldn't leave for fear of their stuff being stolen. The tenant calls and complains, the landlord pretending to know nothing, brings a "new" door a couple of days later. The next week that door disappears. That said, wanting to move in a relative would be common where the relative has just arrived in the country and needs somewhere to stay. Many of the people I work with are immigrant landlords with a steady stream of inbound relatives.

The problem for the woman in the article is that she can't afford market rent and so has to bottom feed. If she could afford the going rate then the landlord wouldn't have an incentive to winkle her. How much sympathy one should have somewhat depends on how she came to have no job and no savings, if she's truly long term disabled then the answer is either a rent subsidy tied to the disability allowance or government owned subsidized housing. Both of those options have their issues. The eviction method is a red herring though, the problem is poverty, not the mechanics of the landlord/tenant act.
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Old May 12th 2021, 10:50 am
  #419  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by Jsmth321
Those who can afford to buy houses are in jobs not as affected by the pandemic and job losses?

On a reddit discussion on this article like half of the 207,000 jobs lost were in the 18 to 24 age group, who may not be in the real estate market?
There is probably a lot of truth in that. It's the young ones who are losing out in the pandemic.

If you're older you either have decent savings or a good track record for a mortgage.
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Old May 12th 2021, 1:04 pm
  #420  
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Default Re: real estate prices in Canada sustainable?

Originally Posted by dbd33
Well, I don't doubt landlords in Canada are much like those in England where my brother worked for a time as a winkler, that is someone who winkles a tenant out of a property. A typical move there was to take the external door off the apartment so that the tenant couldn't leave for fear of their stuff being stolen. The tenant calls and complains, the landlord pretending to know nothing, brings a "new" door a couple of days later. The next week that door disappears. That said, wanting to move in a relative would be common where the relative has just arrived in the country and needs somewhere to stay. Many of the people I work with are immigrant landlords with a steady stream of inbound relatives.

The problem for the woman in the article is that she can't afford market rent and so has to bottom feed. If she could afford the going rate then the landlord wouldn't have an incentive to winkle her. How much sympathy one should have somewhat depends on how she came to have no job and no savings, if she's truly long term disabled then the answer is either a rent subsidy tied to the disability allowance or government owned subsidized housing. Both of those options have their issues. The eviction method is a red herring though, the problem is poverty, not the mechanics of the landlord/tenant act.
Isn't it necessary to have access to the house/apartment in order to remove an external door?

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