| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 | | 
06-07-2023, 12:13 PM
|
#26376 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
Posts: 9,615
Thanked 7,645 Times in 2,564 Posts
Failed 434 Times in 126 Posts
| Quote:
Originally Posted by Traum  I hope you're wrong, Mark, cuz I am really not liking these continued rate hikes at all LOL~ But given how discretionary spending still seems to show no sign of letting up -- esp in the travel & tourism sector -- I wouldn't be surprised to see another rate hike later this year. | Yeah lets raise the interest rates of local residents to counter the discretionary spending of tourists, that'll fix it.
Fuuuuuuuck fuck fuck.
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | 
|  | |
06-07-2023, 12:24 PM
|
#26377 | | RS Veteran
Join Date: Dec 2001 Location: GTA
Posts: 29,844
Thanked 11,520 Times in 4,710 Posts
Failed 440 Times in 282 Posts
|
What if....they brought back interest rates from the 80s? 
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | | |
| | |
06-07-2023, 12:36 PM
|
#26378 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,656
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
Bitches about inflation, raises minimum wage, hands out more money, charge more carbon tax, buy more immigrants to hand out money to, raises property tax due to inflation, send more free weapons to Ukraine, continues to stir shit up with Russia, Taiwan China.
Sure raising interest rates will fix inflation.    | |
| | |
06-07-2023, 12:53 PM
|
#26379 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
| Quote:
Originally Posted by bcrdukes What if....they brought back interest rates from the 80s? | Bring back housing prices from the 80s and I'd blow tiff macklem for those.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | 
| | |
06-07-2023, 12:54 PM
|
#26380 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
| Quote:
Originally Posted by JDMDreams Bitches about inflation, raises minimum wage, hands out more money, charge more carbon tax, buy more immigrants to hand out money to, raises property tax due to inflation, send more free weapons to Ukraine, continues to stir shit up with Russia, Taiwan China.
Sure raising interest rates will fix inflation. | Do you, uhhh, know that the bank of canada and the Canadian government are two different things?
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
| | |
06-07-2023, 01:00 PM
|
#26381 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
Thanked 9,871 Times in 3,926 Posts
Failed 881 Times in 421 Posts
|
it's a crown corp
minimum wage decisions are made more locally though
| |
| | |
06-07-2023, 01:02 PM
|
#26382 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
|
For better of for worse, and what seems clearly worse, their decision making is independent from one another.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
| | |
06-07-2023, 01:10 PM
|
#26383 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,656
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
^^ that's the issue, too much bureaucracy, not in my department mentality, affects the whole country but there's no communication and they look at it at a micro city/ provincial level but not county wide. They are way too narrow sighted.
| |
| | |
06-07-2023, 01:18 PM
|
#26384 | | I *heart* Revscene.net very Muchie
Join Date: Apr 2001 Location: Burn-A-Bee
Posts: 3,989
Thanked 416 Times in 189 Posts
Failed 10 Times in 10 Posts
| Quote:
Originally Posted by JDMDreams ^^ that's the issue, too much bureaucracy, not in my department mentality, affects the whole country but there's no communication and they look at it at a micro city/ provincial level but not county wide. They are way too narrow sighted. | One is trying to buy votes, and the one isn't.
__________________ Never argue with a dumbass, they drag you down to their level and try to beat you with experience My Feedback
Blah™
| |
| | |
06-07-2023, 02:25 PM
|
#26385 | | in the butt
Join Date: Aug 2016
Posts: 2,851
Thanked 3,590 Times in 1,314 Posts
Failed 170 Times in 93 Posts
| Quote:
Originally Posted by Hakkaboy One is trying to buy votes, and the one isn't. | This isn't the Trump thread
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
| | |
| | |
06-07-2023, 03:52 PM
|
#26386 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,803
Thanked 2,888 Times in 1,241 Posts
Failed 626 Times in 198 Posts
| Quote:
Originally Posted by westopher Ehhh I guess my daughters room is going to stay small for the foreseeable future.
My favourite part
"We need to combat inflation"
"A strong contributor to high inflation is mortgage payments increasing due to high interest rates"
You can't write this shit. | Given from what I’ve seen in the market, the statement is not completely wrong.
For the last decades or so, we’ve maintain the rent relatively low thanks to the continual increase in housing value. Thus, LLs are ok taking in a lower rent since they would make their return in increase of property value.
Now that housing is no longer growing and interest rate is so high, LLs would charge the maximum rent the market is ready to pay. And the fact that out government only allowed minimal increase in rent didn’t help.
I’ve heard cases where LLs rent were so cheap vs the market going rate, that it made sense for them to kick out tenants, stay rent free for 6mth just so they don’t get in trouble with RBT and raise all at once to market maximum.
So in a sense, yes. Price of rent, a major component in inflation is going up thanks to the increase in interest rate.
__________________
Nothing for now
| |
| | |
06-07-2023, 03:56 PM
|
#26387 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,656
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
Also property tax, insurance cost, maintenance fees. Everything is going up. Except stonks
| |
| | |
06-07-2023, 03:59 PM
|
#26388 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
When I first rented my 700sq ft basement suite out for $1600 a month in 2016 people were emailing me telling me to die, shit greedy landlord etc.
Since 2016 I’ve never once raised the rent on my suite and now comparables are probably $1800-$2200. Hope those people are happy hehe
__________________
Dank memes cant melt steel beams
| |
| | |
06-07-2023, 04:03 PM
|
#26389 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
Failed 291 Times in 187 Posts
|
Easily that much, you're on the west side of Van aren't you? 1 bedrooms in my building in Richmond are renting for $2200
| |
| | |
06-07-2023, 04:18 PM
|
#26390 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
Thanked 2,584 Times in 995 Posts
Failed 253 Times in 72 Posts
| Quote:
Originally Posted by westopher Bring back housing prices from the 80s and I'd blow tiff macklem for those. | If 80's interest comes and 2010's housing prices comes back. It's not a bad trade off even if you lose your cheaper home.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
| |
| | |
06-07-2023, 04:55 PM
|
#26391 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
| Quote:
Originally Posted by 68style Easily that much, you're on the west side of Van aren't you? 1 bedrooms in my building in Richmond are renting for $2200 | East van, hasting sunrise
__________________
Dank memes cant melt steel beams
| |
| | |
06-07-2023, 04:56 PM
|
#26392 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,596
Thanked 4,042 Times in 1,232 Posts
Failed 129 Times in 79 Posts
| Quote:
Originally Posted by JDMDreams Also property tax, insurance cost, maintenance fees. Everything is going up. Except stonks | S&P 500 is up 12% and Nasdaq is up 26% YTD - can't complain really.
-Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
| | |
06-07-2023, 05:28 PM
|
#26393 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by JDMDreams Also property tax, insurance cost, maintenance fees. Everything is going up. Except stonks | S&P 500 is up 12% YTD
Nasdaq is up 32% YTD
TSLA is up 108% YTD
AAPL is up 42% YTD
MSFT is up 35% YTD
Just stay in the index... Most investors shouldn't be picking individual stocks. Buy the index and just move with the market. Picking individual stocks in the long run is a losing game.
| |
| | |
06-07-2023, 05:30 PM
|
#26394 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by Hondaracer When I first rented my 700sq ft basement suite out for $1600 a month in 2016 people were emailing me telling me to die, shit greedy landlord etc.
Since 2016 I’ve never once raised the rent on my suite and now comparables are probably $1800-$2200. Hope those people are happy hehe | Why don't you raise rent?
Every maintenance cost you incur has gone up since 2016.
| |
| | |
06-07-2023, 05:45 PM
|
#26395 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,596
Thanked 4,042 Times in 1,232 Posts
Failed 129 Times in 79 Posts
| Quote:
Originally Posted by PeanutButter S&P 500 is up 12% YTD
Nasdaq is up 32% YTD
TSLA is up 108% YTD
AAPL is up 42% YTD
MSFT is up 35% YTD
Just stay in the index... Most investors shouldn't be picking individual stocks. Buy the index and just move with the market. Picking individual stocks in the long run is a losing game. | We bought Nvidia in February for our clients... feeling like heroes over here at nearly +125%!
-Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
| | |
06-07-2023, 05:55 PM
|
#26396 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
| Quote:
Originally Posted by PeanutButter Why don't you raise rent?
Every maintenance cost you incur has gone up since 2016. | Up until this point it’s never really been worth it but next time around it will be going up the max.
__________________
Dank memes cant melt steel beams
| |
| | |
06-07-2023, 07:34 PM
|
#26397 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Aug 2007 Location: Paradise, BC
Posts: 6,967
Thanked 6,702 Times in 2,705 Posts
Failed 255 Times in 141 Posts
| Quote:
Originally Posted by sonick Yeah lets raise the interest rates of local residents to counter the discretionary spending of tourists, that'll fix it.
Fuuuuuuuck fuck fuck. | I wasn't really thinking about the discretionary spending of (foreign) tourists when I made the statement. It was really more about referring to how lots of locals are travelling -- be it locally, regionally, within Canada, or internationally. In my social media feed (which is of course super, super accurate and indicative of the whole world hahah~), at any given point, there are probably at least 3+ people I know who is travelling somewhere, and it has been like this for quite a while. Add to the fact that plane tickets are scarce, expensive, and people are still travelling, that tells me a good bunch of people are still actively contributing to this discretionary spending spree.
(I wish I were in the same boat...)
| |
| | |
06-07-2023, 07:49 PM
|
#26398 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,103
Thanked 3,393 Times in 1,284 Posts
Failed 92 Times in 70 Posts
|
What percentage of homeowners are actually feeling these rate increases so far? With a lot of people locked in at lower rates for a couple more years it could be quite awhile before these rate hikes actually show their teeth for a lot of people no?
| |
| | |
06-07-2023, 08:03 PM
|
#26399 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
Well I think historically it’s been like 50/50 variable and fixed. So even say it’s 35% variable that’s still a huge increase in overall payments.
This is the first time we went variable and it was probably the most costly financial mistake we’ve made. However it’s still completely manageable and our lifestyle hasn’t changed
Two of my best friends were both on variable and both of them have gone from $2600 or so a month to over $5200
__________________
Dank memes cant melt steel beams
| |
| | |
06-07-2023, 10:10 PM
|
#26400 | | Rs has made me the man i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 3,007
Thanked 2,847 Times in 1,222 Posts
Failed 62 Times in 24 Posts
| Quote:
Originally Posted by MarkyMark What percentage of homeowners are actually feeling these rate increases so far? With a lot of people locked in at lower rates for a couple more years it could be quite awhile before these rate hikes actually show their teeth for a lot of people no? | https://www.canadianmortgagetrends.c...inues-to-fall/ Quote: |
As of August 2022, 44.2% of new mortgage borrowers chose a variable rate, down from a peak of 56.9% in January 2022, according to the Fall Residential Mortgage Industry Report published by the Canada Mortgage and Housing Corporation (CMHC).
| The last few months were a somewhat good time to lock in as some folks were getting rates around 5% for 3 year mortgages and if you're on variable still you're likely around 5.7-6% right now. I locked in 2 increases ago at 5.37% and would have been at 5.7% if I hadn't locked in. Taking my medicine.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 10:23 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
