mooo

https://www.youtube.com/watch?v=leHb2hdCLqo via /r/Documentaries https://ift.tt/39MEDgQ

https://ift.tt/3eijSbW via /r/funny https://ift.tt/2OeMSGG

Apologies for the clickbait title but rest assured, there’s no scam here. I’ve come up with a list of time-tested, foolproof ways to save money that are infinitely more reliable than whatever investment scheme you’re cooking up. And speaking of cooking:Learn to cookDoordash, ubereats, skip-the-dishes, delete them from your phone. Learn to cook rice, vegetables and inexpensive proteins like beans, chicken, pork, tofu, chickpeas etc. Does your food need more flavour? Buy some salt, pepper and garlic. That’s all it takes to start. Is your food over/under done? But a meat thermometer. Stop buying $10 lunches and $3 coffees. I used to buy $3 coffee every day. That’s $60 a month ($90 if weekends are included) On COFFEE. I bought a $50 coffee maker and it paid itself off in 2 months. Now I’ve owned it for 3 years.Take care of your teethBrush twice a day. Try to do the same with flossing, but no one ever does it, so try to start once a week. You know why dentists make so much money? You know why they see your mouth as a goldmine? Because you won’t be able to put up with your painful, busted ass teeth for your whole life and you’re going to need them fixed. Taking care of your teeth cuts down on the amount of times over your life that you’ll wake up in the morning going “ow, my tooth hurts, wonder why” and then suddenly you’re out $500… or $2000…Prioritize the importance of your physical belongings and take care of them accordinglyDo you need a flashy, expensive (or even mid-range car) to impress clients at your job? No? Then it’s OK to drive a beater. Do you need a suit for work? No? Then it’s OK to buy your daily workwear from somewhere like Costco or Walmart. Those are your low-priority items. If you rip a hole in your $10 work shirt, you can probably afford to throw it out.However, the flip side of that is, if you need to have a suit or nice car on-hand… TAKE CARE OF THEM. Don’t wear your nice suit and dress shoes out in a snowstorm… don’t skip the oil change on the car. If you’re tech savvy, you can keep your beater smartphone or laptop meeting your needs for a long time. Do you need a top-of-the-line gaming rig? If so, spend the money on long-lasting parts (I.e. CPU), and take care of your rig; clean it regularly, watch the temps, try not to get malware. I’m still wearing a jacket I bought 10 years ago.Other tips and tricksBuy long-lasting footwear – it’s insanely easy to spend a lot of money on cheaply-made, branded (and completely awful) footwear. I’m looking at you, Jordan’s. Buy some decent sneakers and hiking boots and rotate them around accordinglyGet away from Instagram/FB if you’re in circles where people try to promote their belongings, flex or look like they can afford a lifestyle they probably can’t. Way too many people go into debt trying to look fresh on Instagram. Don’t get sucked in. Speaking of debt…Pay off your credit cards – Credit card companies make their money off you not realizing how much 20% interest really isEdit Wow thanks for the feedback folks! Some really great tips in the comments too (esp. liked the one about taking care of your KIDS teeth, in addition to your own!)And to clarify re #3, I’m definitely not saying “don’t spend money on luxuries that make you happy”. What I am saying is, if (when) you spend money on luxuries, TAKE CARE OF THEM!Bought some fancy-ass dress shoes you like? Realize you’re wearing $700 on your feet and walking through puddles isn’t a great idea. Bought the new $2000 MacBook Air? Maybe keep your un-covered drinks away from it. Finally saved up for that Lexus? Slap some snow tires on that baby and make sure you have some decent insurance. Nice new phone? Yeah? Buy the case! If you decide to go all out, don’t skimp out, just spend your money where it creates (or protects) the most value.Edit 2 Obligatory “I am not a financial advisor” but here’s some other tips to address some complaints from offended individuals that this isn’t real financial advice:You likely don’t need balance protection insurance on your credit card – It’s notoriously difficult to successfully file a claim and the coverages are much narrower in scope than they are sold asIf your bank waives account fees for carrying a minimum balance, look into getting the best account you can (e.g. a “TD all inclusive” account provides free cheques, money orders, safety deposit box etc. And is free if you maintain a $5,000 minimum balance)You only need overdraft protection if you regularly dip into overdraft (e.g. if it’s unavoidable based on your income cycle). If it only happens once in a while, the individual ding is likely still cheaper than total cost of the protection.When shopping for a mortgage, don’t overlook credit unions. A massive component of a lot of credit unions’ business is lending, especially residential mortgage and small business lending. Credit unions can offer rates far more competitive than banks, even to non-membersIf you’re thinking about investing and can stomach some short-term volatility, look into Exchange Traded Funds (ETFs) – bundles of diversified securities issued by major financial institutions. Many sector-specific ETFs (including Oil/Gas, Real Estate and Finance) still haven’t recovered from COVID and it might be worth your while to look into them. COVID recession aside though, ETFs can be reliable, income-generating instrumentsFinancing can be a reasonable option if you’re trying to manage cashflow, but generally speaking it is better to outright buy something you can currently afford rather than finance it. Cars especially.Edit – Last one, I promiseProtect your credit score! It’s not just a number, it’s your key to reliable, low-interest credit (which you’re going to need if you ever want to buy a house, or even just open a line of credit). Tanking your credit score and limiting yourself to alternative lending “solutions” is a very dangerous, slippery slope. via /r/PersonalFinanceCanada https://ift.tt/3cAe2FA

The boring, foolproof, non-financial financial advice everyone overlooks

Apologies for the clickbait title but rest assured, there’s no scam here. I’ve come up with a list of time-tested, foolproof ways to save money that are infinitely more reliable than whatever investment scheme you’re cooking up. And speaking of cooking:Learn to cookDoordash, ubereats, skip-the-dishes, delete them from your phone. Learn to cook rice, vegetables

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https://ift.tt/2ObIImx via /r/plants https://ift.tt/3rmC4YL

https://ift.tt/3pPl1hr via /r/Damnthatsinteresting https://ift.tt/3pQW5Gr

Apologies for the clickbait title but rest assured, there’s no scam here. I’ve come up with a list of time-tested, foolproof ways to save money that are infinitely more reliable than whatever investment scheme you’re cooking up. And speaking of cooking:Learn to cookDoordash, ubereats, skip-the-dishes, delete them from your fucking phone right now. Learn to cook rice, vegetables and inexpensive proteins like beans, chicken, pork, tofu, chickpeas etc. Does your food need more flavour? Buy some salt, pepper and garlic. That’s all it takes to start. Is your food over/under done? But a meat thermometer. Stop buying $10 lunches and $3 coffees. I used to buy $3 coffee every day. That’s $60 a month ($90 if weekends are included) On COFFEE. I bought a $50 coffee maker and it paid itself off in 2 months. Now I’ve owned it for 3 years.Take care of your teethBrush twice a day. Try to do the same with flossing, but no one ever does it, so try to start once a week. You know why dentists make so much money? You know why they see your mouth as a goldmine? Because you won’t be able to put up with your painful, busted ass teeth for your whole life and you’re going to need them fixed. Taking care of your teeth cuts down on the amount of times over your life that you’ll wake up in the morning going “ow, my tooth hurts, wonder why” and then suddenly you’re out $500… or $2000…Prioritize the importance of your physical belongings and take care of them accordinglyDo you need a flashy, expensive (or even mid-range car) to impress clients at your job? No? Then it’s OK to drive a beater. Do you need a suit for work? No? Then it’s OK to buy your daily workwear from somewhere like Costco or Walmart. Those are your low-priority items. If you rip a hole in your $10 Walmart work shirt, throw it out and replace it.However, the flip side of that is, if you need to have a suit (or a flashy, expensive car) on-hand… TAKE CARE OF THEM. Don’t wear your nice suit and dress shoes out in a snowstorm… don’t skip the oil change on the car. If you’re tech savvy, you can keep your beater smartphone or laptop meeting your needs for a long time. Do you need a top-of-the-line gaming rig? If so, spend the money on long-lasting parts (I.e. CPU), and take care of your rig; clean it regularly, watch the temps, try not to get malware. I’m still wearing a jacket I bought 10 years ago.Other tips and tricksBuy long-lasting footwear – it’s insanely easy to spend a lot of money on cheaply-made, branded (and completely awful) footwear. I’m looking at you, Jordan’s. Buy some decent sneakers and hiking boots and rotate them around accordinglyGet away from Instagram/FB if you’re in circles where people try to promote their belongings, flex or look like they can afford a lifestyle they probably can’t. Way too many people go into debt trying to look fresh on Instagram. Don’t get sucked in. Speaking of debt…Pay off your credit cards – Credit card companies make their money off you not realizing how much 20% interest really isEdit Wow thanks for the feedback folks! Some really great tips in the comments too (esp. liked the one about taking care of your KIDS teeth, in addition to your own!)And to clarify re #3, I’m definitely not saying “don’t spend money on luxuries that make you happy”. What I am saying is, if (when) you spend money on luxuries, TAKE CARE OF THEM!Bought some fancy-ass dress shoes you like? Realize you’re wearing $700 on your feet and walking through puddles isn’t a great idea. Bought the new $2000 MacBook Air? Maybe keep your un-covered drinks away from it. Finally saved up for that Lexus? Slap some snow tires on that baby and make sure you have some decent insurance. Nice new phone? Yeah? Buy the goddamn case. If you decide to go all out, don’t skimp out, just spend your money where it creates (or protects) the most value.Edit 2 Obligatory “I am not a financial advisor” but here’s some other tips to address some complaints from offended individuals that this isn’t real financial advice:You likely don’t need balance protection insurance on your credit card – It’s notoriously difficult to successfully file a claim and the coverages are much narrower in scope than they are sold asIf your bank waives account fees for carrying a minimum balance, look into getting the best account you can (e.g. a “TD all inclusive” account provides free cheques, money orders, safety deposit box etc. And is free if you maintain a $5,000 minimum balance)You only need overdraft protection if you regularly dip into overdraft (e.g. if it’s unavoidable based on your income cycle). If it only happens once in a while, the individual ding is likely still cheaper than total cost of the protection.When shopping for a mortgage, don’t overlook credit unions. A massive component of a lot of credit unions’ business is lending, especially residential mortgage and small business lending. Credit unions can offer rates far more competitive than banks, even to non-membersIf you’re thinking about investing and can stomach some short-term volatility, look into Exchange Traded Funds (ETFs) – bundles of diversified securities issued by major financial institutions. Many sector-specific ETFs (including Oil/Gas, Real Estate and Finance) still haven’t recovered from COVID and it might be worth your while to look into them. COVID recession aside though, ETFs can be reliable, income-generating instrumentsFinancing can be a reasonable option if you’re trying to manage cashflow, but generally speaking it is better to outright buy something you can currently afford rather than finance it. Cars especially.Edit – Last one, I promiseProtect your credit score! It’s not just a number, it’s your key to reliable, low-interest credit (which you’re going to need if you ever want to buy a house, or even just open a line of credit). Tanking your credit score and limiting yourself to alternative lending “solutions” is a very dangerous, slippery slope. via /r/PersonalFinanceCanada https://ift.tt/3cAe2FA

The boring, foolproof, non-financial financial advice everyone overlooks

Apologies for the clickbait title but rest assured, there’s no scam here. I’ve come up with a list of time-tested, foolproof ways to save money that are infinitely more reliable than whatever investment scheme you’re cooking up. And speaking of cooking:Learn to cookDoordash, ubereats, skip-the-dishes, delete them from your fucking phone right now. Learn to

Read More

https://ift.tt/3roaBGd via /r/OldSchoolCool https://ift.tt/3cFcLwL

I’ll start off by saying I’m not a real estate agent, nor in housing finance. But I keep a close watch out of personal interest and because my profession requires me to know a bit of what’s happening (plus I find it fascinating). I’ve been following it closely for the last 15 yrs.Another thing I’ll say upfront regarding the foreign investment numbers I provided, we’ve seen numbers all over the place, and often contradictory in the same week (I recall a few years back one institutional report came out on a Monday saying it was under 4% and another bear-on-real estate article came out on Wednesday saying it was over 18%! along with others stating everything in between). And I watched as the numbers slowly trended downwards as Provincial govt measures took hold and as foreign currency control measures took affect (most notably a crackdown on $50,000 USD transfers out of China in 2018 and how that started to play into the new social credit system measures in 2020). So I’ve averaged some reporting numbers since the truth likely laid somewhere in the middle).In the end, I’m neither bullish nor bearish in the medium to long term. It’s been all context driven to date, and will continue to be in the future (that’s all I can say on that). In 2019 if someone told me the apocalyptic plague or a catastrophic meteor would’ve hit, I wouldn’t have believed it. And I wouldn’t have thought prices would’ve reacted as they had. Well, we got the plague. Will it be meteor-2022?Anyway, this is a timeline which explains a lot of the market from the 2008 financial crisis to present, along with some possible scenarios into 2025 to 2027 based on the history of it all.2008 – 2012 – Following 2008 a lot of people were hesitant to buy property. We fared much better than the US and much of Europe through the financial crisis, but there was still a lot of uncertainty. But by 2013 the market started to get back to 2007 levels.By 2013 Toronto felt their jobs were finally safe again following the financial crisis and Canada’s economy was doing well again.2014, people who put off housing purchases the prior 5 years (during the financial crisis) started to jump in. Toronto was seeing big population gains as well (domestic + international). Prices went from a relative calm to a climb.2015, People saw larger gains in real estate than other investment tools. This prompted more people to get in on it (be it reno-flippers, those wanting long-term primary residence, and domestic & foreign investors). Construction took off following a sharp increase in builder confidence for the first time in 7 years. By Dec 2015 detached houses were going up by $8000/month (versus $3000/month earlier in 2015).2016, by February it seemed like everyone who was pondering getting a property for themselves (first time, upsizing or investing) started to feel FOMO. By May detached houses were going up $12,000-$14,000/month. The momentum kept building in a feedback loop throughout the rest of 2016.By the end of 2016 / beginning of 2017 detached homes were going up by $20,000/month. It was insane. Politicians were feeling the heat as people were getting really angry and pointing their fingers at both politicians and foreigners (even though other major factors and reasons were also at play which didn’t get nearly as much attention as it should have, like those mentioned above). There was word that anywhere between 10-15% were foreign buyers (but final records showed it was actually much less, I think around 5-9% in certain market segments once records were checked, but it fueled greater FOMO in the interim before it finally fell to around 3% after the foreigner tax was imposed, and then down to 1.5% in the year leading up to COVID. I wouldn’t be surprised if foreign investment is now almost 0% since COVID and since AirBnB was banned). By Feb / March 2017 (just weeks before the brakes were applied by the Wynne gov’t) the population’s thoughts towards the market seemed to fall between two extremes…(1) that this couldn’t continue and it would end bad if the govt didn’t intervene(2) at increases of $25,000/month, better get in and buy now or be locked out foreverProbably half of the public looking for homes were somewhere between these two thoughts and were prepared to buy out of FOMO if prices kept going up, but they were equally willing to not buy and to just wait-and-see if they thought the province and feds were going to hit the brakes on housing.April 2017, the govt hit the brakes with the foreign buyers tax. The FOMO bubble popped. The prospective home buyers mentioned in the previous paragraph now wanted to wait-and-see what was going to happen with prices before buying. It stopped a lot buyers from buying which stopped the price increases. At the same time sellers took their homes off the market to see what was going to happen (ie they didn’t want to risk selling at a lower price if they didn’t get what they wanted). That sudden collapse in supply stopped prices from dropping. It was a standoff… buyers weren’t buying and sellers weren’t selling. Prices stagnated and stayed stable.June 2017 – the feds introduced the stress test. That reinforced buyers not being confident yet in buying, and sellers not wanting to sell at risk of a lower price. The home price stand-off continued, with prices remaining in suspended animation (there was a drop, maybe about 8%-15% depending on the area of Toronto, but it was short lived over the rest of the year).Fall 2017: With the damage from the financial crises over, quantitative easing by the feds was over. Interest rates started to climb. Housing prices stayed stable as all sides held their wait-and-see position.2018 – rates continued to climb. In May 2017 they were around 2.1%. By May 2018 they were 3.4%. But by this point a whole year had gone by since the foreign buyers tax, and 11 months since the stress test. People (sellers and buyers) saw that Armageddon never did happen as many feared. People felt they dodged a bullet and jumped back into the market despite higher rates. Housing prices slowly started to climb again.2019 – housing prices started a new, moderate and steady climb. In early 2019 the increases soon made up for the price decreases just 12 to 18 months earlier in 2017.Feb-May 2020 – Covid stopped and reversed the climbs. This time Armageddon did actually happen (the Plague) and nobody wanted to buy if the market was going to crash. BUT homeowners were trapped. In a normal crises if buyers all stopped buying, it would entice homeowners (at least in theory) to sell as fast as they could to cash in as quickly as possible before prices went too low which would cause them to lose their shirts. In theory that would cause a real-estate market crash.But (and it’s a major BUT) COVID prevented homeowners from selling all at the same time, in a large selling movement. Stay-at-home orders and lockdowns shut down the real-estate industry (for both buyers and sellers) and homeowners were not given the opportunity to sell off. A massive drop in prices and a collapse did not occur. (There was a moderate drop in prices from March to May with a brief major dip in March 2020, but that quickly rebounded).June 2020: As we went into summer people realized THREE things:A crash was averted because COVID prevented a sell off (ie: you can’t sell your home if COVID lock-downs have locked all your potential buyers in their homes, making it so you don’t even list your home), andPeople were working from home and knew WFH would be a long-term reality. WFH increased demand exponentially, andthe government sharply started up quantitative easing again to allow the government to safely take on massive debt loads to shoulder the economy through COVID. This plunged interest rates which was like pouring oil on point #2. Whereas housing was still extremely expensive (still at 2018 levels as we entered summer 2020), a LOT of people suddenly found they could afford it with new record low interest rates.Jul 2020 to now – the market kept going up and up and up for the same reasons mentioned above. In addition, areas in the Golden Horseshoe (beyond the GTA) really took off more than any time before as (1) WFH enabled it and (2) as locals in those areas got FOMO for the first time. Since November, it spread to all of Southern Ontario, and now you can be in a small village in the middle of nowhere and houses are at least $350,000+ in a village of 2000 people half way between Windsor and Leamington (which has never happened before). It’s crazy. Even central Nova Scotia (a long-time write-off by the rest of Canada) has become the new El Dorado for real-estate.How long can it continue? Well, it’s anyone’s guess. The BOC said they’re not planning to ease off of quantitative easing until 2023 because they can’t (they need to keep debt servicing costs lower than GDP growth to be able to manage and tackle the debt – lest it collapse gov’t services – which should keep retail mortgage borrowing rates low). And because mortgages and buyers are are still “stress tested”, this leads one to assume that even if rates were to start to rise in 2023, that people can financially shoulder a 2% increase (which could take us as far along as 2025 to 2027).Probably what will determine how much or how fast prices will continue to increase will be if the current pool of buyers maxes out because prices pass a certain threshold. The question then will be if prices will go into a holding pattern at that point – which is a strong possibility (However, I can’t see them collapsing, because if they go down there will be hoards of others who will want to get in to take advantage of ultra low interest rates as a result of quantitative easing).After 2025 (and into 2027), if rates go up beyond what people were stress-tested for, who knows where things could go (There are just too many factors to make predictions beyond 2026 / 2027 – ie: • possible increases in immigration, • possible decreases in immigration as the US under Biden will be copying our immigration point system to compete better which leaves immigrants having to chose between them and us, • rates possibly staying the same to help the gov’t try to get rid of $1T in new debt, • rates possibly going up further, • increased supply, • decreased supply, • another recession, • complete economic boom times … Just nobody can know at this point). Plus so many recent buyers will already have a cushion of 5-10 years equity built up in their homes.So there’s our 13 year history of Toronto housing since 14 Sep 2008 (from the day Lehman Bros collapsed and the financial crises started, until today)And if you’re curious what all this quantitative easing is about, here’s a comment I wrote to explain it elsewhere, with a bit of a deeper explanation I wrote here, and how it ties into all of this and our interest rates (Which at least provides somewhat of a constant into the medium term which can allow us to make some predications a few years out).(Edited a couple of number typos) via /r/PersonalFinanceCanada https://ift.tt/3cDlAaG

An explanation of 13 years of Toronto real estate and how we got to this point (and a bit of what’s maybe around the corner in the short-to-medium term)

I’ll start off by saying I’m not a real estate agent, nor in housing finance. But I keep a close watch out of personal interest and because my profession requires me to know a bit of what’s happening (plus I find it fascinating). I’ve been following it closely for the last 15 yrs.Another thing I’ll

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I’ll start off by saying I’m not a real estate agent, nor in housing finance. But I keep a close watch out of personal interest and because my profession requires me to know a bit of what’s happening (plus I find it fascinating). I’ve been following it closely for the last 15 yrs.Another thing I’ll say upfront regarding the foreign investment numbers I provided, we’ve seen numbers all over the place, and often contradictory in the same week (I recall a few years back one institutional report came out on a Monday saying it was under 4% and another bear-on-real estate article came out on Wednesday saying it was over 18%! along with others stating everything in between). And I watched as the numbers slowly trended downwards as Provincial govt measures took hold and as foreign currency control measures took affect (most notably a crackdown on $50,000 USD transfers out of China in 2018 and how that started to play into the new social credit system measures in 2020). So I’ve averaged some reporting numbers since the truth likely laid somewhere in the middle).In the end, I’m neither bullish nor bearish in the medium to long term. It’s been all context driven to date, and will continue to be in the future (that’s all I can say on that). In 2019 if someone told me the apocalyptic plague or a catastrophic meteor would’ve hit, I wouldn’t have believed it. And I wouldn’t have thought prices would’ve reacted as they had. Well, we got the plague. Will it be meteor-2022?Anyway, this is a timeline which explains a lot of the market from the 2008 financial crisis to present, along with some possible scenarios into 2025 to 2027 based on the history of it all.2008 – 2012 – Following 2008 a lot of people were hesitant to buy property. We fared much better than the US and much of Europe through the financial crisis, but there was still a lot of uncertainty. But by 2013 the market started to get back to 2007 levels.By 2013 Toronto felt their jobs were finally safe again following the financial crisis and Canada’s economy was doing well again.2014, people who put off housing purchases the prior 5 years (during the financial crisis) started to jump in. Toronto was seeing big population gains as well (domestic + international). Prices went from a relative calm to a climb.2015, People saw larger gains in real estate than other investment tools. This prompted more people to get in on it (be it reno-flippers, those wanting long-term primary residence, and domestic & foreign investors). Construction took off following a sharp increase in builder confidence for the first time in 7 years. By Dec 2015 detached houses were going up by $8000/month (versus $3000/month earlier in 2015).2016, by February it seemed like everyone who was pondering getting a property for themselves (first time, upsizing or investing) started to feel FOMO. By May detached houses were going up $12,000-$14,000/month. The momentum kept building in a feedback loop throughout the rest of 2016.By the end of 2016 / beginning of 2017 detached homes were going up by $20,000/month. It was insane. Politicians were feeling the heat as people were getting really angry and pointing their fingers at both politicians and foreigners (even though other major factors and reasons were also at play which didn’t get nearly as much attention as it should have, like those mentioned above). There was word that anywhere between 10-15% were foreign buyers (but final records showed it was actually much less, I think around 5-9% in certain market segments once records were checked, but it fueled greater FOMO in the interim before it finally fell to around 3% after the foreigner tax was imposed, and then down to 1.5% in the year leading up to COVID. I wouldn’t be surprised if foreign investment is now almost 0% since COVID and since AirBnB was banned). By Feb / March 2017 (just weeks before the brakes were applied by the Wynne gov’t) the population’s thoughts towards the market seemed to fall between two extremes…(1) that this couldn’t continue and it would end bad if the govt didn’t intervene(2) at increases of $25,000/month, better get in and buy now or be locked out foreverProbably half of the public looking for homes were somewhere between these two thoughts and were prepared to buy out of FOMO if prices kept going up, but they were equally willing to not buy and to just wait-and-see if they thought the province and feds were going to hit the brakes on housing.April 2017, the govt hit the brakes with the foreign buyers tax. The FOMO bubble popped. The prospective home buyers mentioned in the previous paragraph now wanted to wait-and-see what was going to happen with prices before buying. It stopped a lot buyers from buying which stopped the price increases. At the same time sellers took their homes off the market to see what was going to happen (ie they didn’t want to risk selling at a lower price if they didn’t get what they wanted). That sudden collapse in supply stopped prices from dropping. It was a standoff… buyers weren’t buying and sellers weren’t selling. Prices stagnated and stayed stable.June 2017 – the feds introduced the stress test. That reinforced buyers not being confident yet in buying, and sellers not wanting to sell at risk of a lower price. The home price stand-off continued, with prices remaining in suspended animation (there was a drop, maybe about 8%-15% depending on the area of Toronto, but it was short lived over the rest of the year).Fall 2017: With the damage from the financial crises over, quantitative easing by the feds was over. Interest rates started to climb. Housing prices stayed stable as all sides held their wait-and-see position.2018 – rates continued to climb. In May 2017 they were around 2.1%. By May 2018 they were 3.4%. But by this point a whole year had gone by since the foreign buyers tax, and 11 months since the stress test. People (sellers and buyers) saw that Armageddon never did happen as many feared. People felt they dodged a bullet and jumped back into the market despite higher rates. Housing prices slowly started to climb again.2019 – housing prices started a new, moderate and steady climb. In early 2019 the increases soon made up for the price decreases just 12 to 18 months earlier in 2017.Feb-May 2020 – Covid stopped and reversed the climbs. This time Armageddon did actually happen (the Plague) and nobody wanted to buy if the market was going to crash. BUT homeowners were trapped. In a normal crises if buyers all stopped buying, it would entice homeowners (at least in theory) to sell as fast as they could to cash in as quickly as possible before prices went too low which would cause them to lose their shirts. In theory that would cause a real-estate market crash.But (and it’s a major BUT) COVID prevented homeowners from selling all at the same time, in a large selling movement. Stay-at-home orders and lockdowns shut down the real-estate industry (for both buyers and sellers) and homeowners were not given the opportunity to sell off. A massive drop in prices and a collapse did not occur. (There was a moderate drop in prices from March to May with a brief major dip in March 2020, but that quickly rebounded).June 2020: As we went into summer people realized THREE things:A crash was averted because COVID prevented a sell off (ie: you can’t sell your home if COVID lock-downs have locked all your potential buyers in their homes, making it so you don’t even list your home), andPeople were working from home and knew WFH would be a long-term reality. WFH increased demand exponentially, andthe government sharply started up quantitative easing again to allow the government to safely take on massive debt loads to shoulder the economy through COVID. This plunged interest rates which was like pouring oil on point #2. Whereas housing was still extremely expensive (still at 2018 levels as we entered summer 2020), a LOT of people suddenly found they could afford it with new record low interest rates.Jul 2020 to now – the market kept going up and up and up for the same reasons mentioned above. In addition, areas in the Golden Horseshoe (beyond the GTA) really took off more than any time before as (1) WFH enabled it and (2) as locals in those areas got FOMO for the first time. Since November, it spread to all of Southern Ontario, and now you can be in a small village in the middle of nowhere and houses are at least $350,000+ in a village of 2000 people half way between Windsor and Leamington (which has never happened before). It’s crazy. Even central Nova Scotia (a long-time write-off by the rest of Canada) has become the new El Dorado for real-estate.How long can it continue? Well, it’s anyone’s guess. The BOC said they’re not planning to ease off of quantitative easing until 2023 because they can’t (they need to keep debt servicing costs lower than GDP growth to be able to manage and tackle the debt – lest it collapse gov’t services – which should keep retail mortgage borrowing rates low). And because mortgages and buyers are are still “stress tested”, this leads one to assume that even if rates were to start to rise in 2023, that people can financially shoulder a 2% increase (which could take us as far along as 2025 to 2027).Probably what will determine how much or how fast prices will continue to increase will be if the current pool of buyers maxes out because prices pass a certain threshold. The question then will be if prices will go into a holding pattern at that point – which is a strong possibility (However, I can’t see them collapsing, because if they go down there will be hoards of others who will want to get in to take advantage of ultra low interest rates as a result of quantitative easing).After 2025 (and into 2027), if rates go up beyond what people were stress-tested for, who knows where things could go (There are just too many factors to make predictions beyond 2026 / 2027 – ie: • possible increases in immigration, • possible decreases in immigration as the US under Biden will be copying our immigration point system to compete better which leaves immigrants having to chose between them and us, • rates possibly staying the same to help the gov’t try to get rid of $1T in new debt, • rates possibly going up further, • increased supply, • decreased supply, • another recession, • complete economic boom times … Just nobody can know at this point). Plus so many recent buyers will already have a cushion of 5-10 years equity built up in their homes.So there’s our 13 year history of Toronto housing since 14 Sep 2008 (from the day Lehman Bros collapsed and the financial crises started, until today)And if you’re curious what all this quantitative easing is about, here’s a comment I wrote to explain it elsewhere, with a bit of a deeper explanation I wrote here, and how it ties into all of this and our interest rates (Which at least provides somewhat of a constant into the medium term which can allow us to make some predications a few years out).(Edited a couple of number typos) via /r/PersonalFinanceCanada https://ift.tt/3cDlAaG

An explanation of 13 years of Toronto real estate and how we got to this point (and a bit of what’s maybe around the corner in the short-to-medium term)

I’ll start off by saying I’m not a real estate agent, nor in housing finance. But I keep a close watch out of personal interest and because my profession requires me to know a bit of what’s happening (plus I find it fascinating). I’ve been following it closely for the last 15 yrs.Another thing I’ll

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In the IT world, it seems that government salaries are lower than market average, but they make up for it with a pension / defined-benefit plan. All the government employees I know are looking forward to their pension and seem to think it is a better deal overall than private companies’ higher salary but no pension. This is especially with the average market returns expected to be so low the next decade or so, and with the life expectancy going up, a pension in perpetuity is better than any nest egg you could save up on your own.Are there any calculators online (or past reddit threads) that help you fully compare private vs. government total compensation? I know it’s vague, but imagine for example total benefits of being a developer at Shopify vs. a developer at Treasury Board or EDC.From the calculations I have run, it still seems like private is a better deal. And this would be corroborated by the vast amounts of talent at Shopify and not at Treasury Board. I might not be calculating it right though. via /r/PersonalFinanceCanada https://ift.tt/3cmvGwq

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Hello PFC. I’m currently in the market looking for an apartment in the Mississauga/Toronto area. What I’m noticing is a lot of these apartments being advertised are offering a free month(s) bonus or even a free year of parking as a perk to move in. With the prices falling in some areas, what are the possible catch 22’s of these free offers?Question 2: When prices start to rise again will these management companies be able to hike prices (hidden fees or other ways) to recoup all these discounts?What are your thoughtS? via /r/PersonalFinanceCanada https://ift.tt/39vuNQ5

Question about Free Month offers on rentals

Hello PFC. I’m currently in the market looking for an apartment in the Mississauga/Toronto area. What I’m noticing is a lot of these apartments being advertised are offering a free month(s) bonus or even a free year of parking as a perk to move in. With the prices falling in some areas, what are the

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Glovo doesn’t work because they have a weird weight limit. Trying to figure out if there is any other app? I don’t want this to be too complicated lol via /r/serbia https://ift.tt/3j1aux4

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All units must be registered in order to operate. Only 2700 out 18,000 units have registered so far chances are high anything your report is not on the list.2.Landlords can only rent the property they live in. So if you see only airbnb renters but never the landlord report them.There’s a 4% municipal tax that is to be collected. With the impact of covid and the many encampments of homeless this money is needed now more than everCall 311 or visit website The new regulations came into effect early this month https://ift.tt/3tcwVUI Edit. Link fix via /r/toronto https://ift.tt/2MA2c3e

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By now we’ve all heard stories of US brokers not allowing buy trades, or not letting people search for the stock etc. Idk about you guys, but I’ve had phenomenal performance with the wealthsimple app. Even TD broke this morning, but this little guy wealthsimple is working. Sure the notifications and emails come like 8 hours after the trade lol, but if you have the app open, the orders are handled in a timely manner. Today in the initial crash, my buddy was actually able to pick up $GME at $150 USD. They was no bs of “you can’t trade”, “server crash”, or getting an unexpectedly high purchase price due to volatility. She placed the order during the halt, and go one of the first prices when it unhalted. Obviously this is how all platforms should behave, but seeing what the other guys are doing, shout out to Wealthsimple.Note: not endorsing any of the stocks mentioned in this post. Don’t gamble with money you can’t afford to lose. Do your DD before investing. Have an emergency fund. 🙂 via /r/PersonalFinanceCanada https://ift.tt/39tKEin

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I’ll be honest, I’m a 23 year old who knows nothing about money besides to save it, hence why I’m here.My parents are seniors (68f, 70m). My dad has worked his whole life as a self contractor doing carpentry. He was working up until September where he got chest pains, went to the ER and found out he immediately needed a triple bypass heart surgery. He was in the hospital for two weeks for prep and tests, and then another two weeks or so for recovery. They’ve told him that he cannot go back to work anymore – especially something so labour intensive. It took him over a month to be able to walk for more than a few seconds and he still struggles with breathing, plus he constantly needs to take a ton of heart medication now (for the rest of his life). Plus now he’s at high risk due to covid. My mom has small scale babysitting (under five kids) but that came to an end when covid started.My dad is in a lot of debt. I don’t know the exact number but I’m guessing close to 100k between all his credit cards. My dad has a lot of credit cards with interest rates as high as 20%, and he’s too stubborn to find a better option because he refuses to admit he’s made bad financial decision.I believe my dad got his pension sorted out and gets $700 a month. My mom hasn’t applied for hers because she said she’ll get $400 at most so it’s not worth the effort ($400 is better than $0 Imo). They don’t get any other government support in Canada. They’re also Polish citizens. I don’t know the exact details but my mom is getting some retirement money in Poland but she can only get it when someone visits Poland and brings it back for her – which I’m not sure why. I don’t believe my dad is getting anything in Poland.My sister has been pushing for my dad to file for bankruptcy to help with the debts, which he seems to be in the process of pursuing. They don’t own anything. They rent an apartment and borrow my brothers car when they need it. I paid for uni out of my pocket so they weren’t affected by that either. Their rent is ~$1400, which is really cheap for our area. My dad made about 35k a year before.Is there any other financial assistance they can get? I just can’t understand how two seniors can only be getting $1100 in support when the average rent in my city is $2100 and so many others seem to have found at least some top up through covid relief (especially since my dad can’t work anymore and my mom is his caretaker) or elsewhere.I hope I included all the important info. Please ask if there’s anything I missed.Edit: I just want to thank everyone so so much for their input. I never expected so many of you would take the time to help me our and offer advice to guide me and my parents through tough times. I wrote this up before work on a whim thinking I’d get a few responses if any. I wish I could reply to everyone individually. If anyone has asked a question I will try my best to get to it when it slows down at work. Thank you again!!!!! via /r/personalfinance https://ift.tt/39jgRIZ

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Hello everybody!I’ve just published an article about the imposter syndrome and I thought it could be useful for some of you. I know it’s not directly related to development, but I think it’s really important to speak about it, so here I am.Of course, if the moderators judge that this post shouldn’t be here, I would understand if it’s deleted.In this article, I’m trying to answer these questions:What’s the imposter syndrome?What are the symptoms of the imposter syndrome?What leads to the imposter syndrome?Can everybody be victim of the imposter syndrome?What are the consequences of the imposter syndrome?How to overcome the imposter syndrome?Key takeaways:The imposter cycle is an infinite loop where you’ll have bumps of satisfaction followed by anxiety and doubts, making any success bitter.The fear of failure (or the fear of success) can stop you for thriving in what you love doing. Try not comparing yourself to the others and be proud in what you achieved.If you want to be the best, you won’t make it. There is always somebody who seems better than us; instead, try to do your best, your way. Pinpoint your mistakes, and try to improve from there.True humility is a good quality. But humility doesn’t mean undermining our successes and the praises we receive. Having an accurate perception of our worth is important, too.It’s not clear where the imposter syndrome comes from, but our conception and high praise of intelligence doesn’t help us (or our peers) to have a good mental model of ourselves.Being on the imposter road for too long will undermine your mental health. Remember: health is the most important.We need to speak more about our own experiences regarding the imposter syndrome, to support each others. To tell the world that it’s fine to have these feelings.If you’re experiencing the imposter syndrome, you’re not alone. Speak about it with the persons you trust the most, the ones who can support you.I believe that the IT industry is a competitive mess where many of us claim knowing everything, even if we’re full of doubts and insecurities. The focus should be on what we’re building and how to make our users happy, not infinite debates which doesn’t improve anything.I hope it can help some of you. Any feedback, positive or negative, is welcome!Here’s the article. via /r/webdev https://ift.tt/3iQ9WKw

Understanding the Imposter Syndrome

Hello everybody!I’ve just published an article about the imposter syndrome and I thought it could be useful for some of you. I know it’s not directly related to development, but I think it’s really important to speak about it, so here I am.Of course, if the moderators judge that this post shouldn’t be here, I

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Hello everybody!I’ve just published an article about the imposter syndrome and I thought it could be useful for some of you. I know it’s not directly related to development, but I think it’s really important to speak about it, so here I am.Of course, if the moderators judge that this post shouldn’t be here, I would understand if it’s deleted.In this article, I’m trying to answer these questions:What’s the imposter syndrome?What are the symptoms of the imposter syndrome?What leads to the imposter syndrome?Can everybody be victim of the imposter syndrome?What are the consequences of the imposter syndrome?How to overcome the imposter syndrome?Key takeaways:The imposter cycle is an infinite loop where you’ll have bumps of satisfaction followed by anxiety and doubts, making any success bitter.The fear of failure (or the fear of success) can stop you for thriving in what you love doing. Try not comparing yourself to the others and be proud in what you achieved.If you want to be the best, you won’t make it. There is always somebody who seems better than us; instead, try to do your best, your way. Pinpoint your mistakes, and try to improve from there.True humility is a good quality. But humility doesn’t mean undermining our successes and the praises we receive. Having an accurate perception of our worth is important, too.It’s not clear where the imposter syndrome comes from, but our conception and high praise of intelligence doesn’t help us (or our peers) to have a good mental model of ourselves.Being on the imposter road for too long will undermine your mental health. Remember: health is the most important.We need to speak more about our own experiences regarding the imposter syndrome, to support each others. To tell the world that it’s fine to have these feelings.If you’re experiencing the imposter syndrome, you’re not alone. Speak about it with the persons you trust the most, the ones who can support you.I believe that the IT industry is a competitive mess where many of us claim knowing everything, even if we’re full of doubts and insecurities. The focus should be on what we’re building and how to make our users happy, not infinite debates which doesn’t improve anything.I hope it can help some of you. Any feedback, positive or negative, is welcome!Here’s the article. via /r/webdev https://ift.tt/3iQ9WKw

Understanding the Imposter Syndrome

Hello everybody!I’ve just published an article about the imposter syndrome and I thought it could be useful for some of you. I know it’s not directly related to development, but I think it’s really important to speak about it, so here I am.Of course, if the moderators judge that this post shouldn’t be here, I

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