Maybe not those homes directly, but when someone wants to upgrade to a bigger/nicer place that's currently a STR it opens up their cheaper place. And so on down the line.

I think the issue is that folks who make $150K. Expect themselves to be driving a M4 / 911 / AMG + a being able to buy a house. Hobbies, eating out without looking at menu price, savings to retire comfortably at 50-60.

They're sold that if they do well in school, life, and get a top 10% salary, they can have anything they want. :ilied:

https://www12.statcan.gc.ca/census-r.../index-en.html

^
I'm surprised top 10% Total Income in BC for 25 -34 males is only $102K before tax. $150K puts ya at top 1%.

$150K - Top 10% of 35 - 44
$150K - Top 12ish% of 45 to 54

I'm curious how one would think these suggested "under the table" AirBNB's would work?

There'd be nothing stopping a guest from making an argument to the RTB that they in fact started a tenancy on that property... That'd put the operator in a bit of a pickle....

The vast majority of Airbnb hosts don’t want to deal with anything full time. The service takes care of booking etc. the transactions are easy, there’s no worry.

I think it won’t be so much creating a website etc. but at work we have an internal classifieds people post their homes on for vacation rentals etc.

What about saying Grandma lives there? Or renting out a property that isn’t yours? What if the home is owned under a business?

[QUOTE=EvoFire;9112200]One of the things that AirBnb allowed was having 4 families all rent a house together on a large get together trip. We once rented a 5 bd house in Kelowna because there were 4 couples traveling together. This will throw that whole thing out the window and renting a hotel just isn't the same without the shared space to hang out.

Sorry I missed this from the announcement, but which part of the rule change is not allowing this?

Asians don't raisin, man.

The Communist government says you can only rent out your principal residence. So if you get the whole house or apartment.........

So you can only air BNB if you sleep with your renters:ifyouknow::notbad:



[quote=xxxrsxxx;9112304]

True old Asian men be drowning in pussy

UBC sponsored pussy.

Chinamenz do love their cats.
https://media.tenor.com/oLmCXKoE_wgA...appy-lucky.gif

At the risk of getting labeled an accomplice in gayness :lol, I agree and I'm glad you posted this. I appreciate the reminder.

We're not our parents. They lived through times where happiness meant not going to bed hungry, after making sure the kids ate first and had their square meal. For them, happiness meant saving and hoarding every cent they could, because there was never enough money and they never know when tough would get tougher. People died.

But our lives aren't in the bottom of the hierarchy of needs anymore, not on buddy's income anyway.

https://i.pinimg.com/736x/0e/8a/b3/0...226e365010.jpg

It's a temporary cashflow setback to be sure, but he'll make it back. To your point, his income will only grow. He's a good guy and people respond to that. People notice when someone is relatable and respectable, and people like to take care of their own. I presume he practices that same empathy in the workplace, on a professional, technical, business capacity. That's a winning recipe in any career.

When you're doing ok for yourself, joy doesn't come from hoarding cash which is really just about survival and amassing cool material shit. Joy derives from things like having and acting on compassion for others. Giving and sacrificing judiciously, when and if it's the right thing to do, when it's not going to dip too badly into your own basic needs. Doing things that having meaning and purpose.

Imo, money only buys you happiness if you're dirt poor. Being a decent person buys you joy when you're doing alright and beyond.

Yeah - the unfortunate reality is I think the real household income number needed to have the "2 new European cars, a new-ish house in Vancouver, and take vacations, dine out, and go retire at 60 or earlier" is $500k/year.

-Mark

I'm somewhat surprised on a google search earlier to see that in BC the average purchase price for a car is $67,000... that seems crazy.. and 20% higher than last year!

You'd think with real estate prices and shit income levels in general here that wouldn't be possible.

It's the 144 month lease!

I prefer used cars in that price range

:ifyouknow:

I was speaking to one of my coworkers in Kelowna who estimates. He was telling me they currently have 3 towers on the books, one is half done, one is just starting and one is still a bit out and they are all behind almost 1 year from presale estimated turnover.

He was telling me they were marketed as a great option for a vacation spot/Airbnb being near the water. He was saying it will be interesting to see how many of the presale owners complete and how many just cut their loses and walk away with the current interest rates and now the changes to the short term rentals. That last tower for example, if it hasn't even started it's probably at least 2+ years out from turn over, not sure on the height which could make it longer than that.

Only in Canada/usa people walk into a road and don't care about being run over

Over in Europe, Africa, SAmerica, Asia, you know very dam well at a young age, to pay attention when crossing a street

snowflake central over here

Not sure where your post originated from, but from experiences in China. If you make eye contact with the driver as a pedestrian they will NOT STOP. If you keep your head down, pretending to be oblivious to everything around you, they WILL STOP if you’re stepping out in front of them. I can’t say that’s why we see some of the shit here, but it’s definitely a thing.

It's a good point about localized social norms and expectations. In Vietnam, it was the same advice. Just keep going and don't stop. if need be the scooters will go around you. It's when you play frogger and stop/pause for openings that will put you out of the normal expected pedestrian behavior and cause issues.

My MIL got honked at quite a few times crossing streets when she'd get nervous and pause in the middle.

Are they the ones that are all within a couple blocks of each other along Lakeshore Road?

"Oh, i'm going to default the 5% deposit, then buy again since now they are giving out free parking, free 10k furniture budget, free lockers and at a much better price" .... errr good luck.

Good luck trying to walk away, realtor friend in presales said, try reading the T&C and the developers are always in the win.

One of my friends has an Audi A4, S-line, and he's been on a perpetual lease for the last three cars he's had and his payment is like $800/month. With Insurance and gas, he's over $1k/month on his car. He only makes $80k a year gross...

Let's say net:
$65,000
= $5,500/month net
($1,000) - Car payment
($2,000) - rent
= $2,400 left over

He has zero savings, but his car looks pretty f*cking nice if you ask me. He also looks fresh as f*ck everytime you see him because he gets a $40 hair cut every two weeks.

Depends on what you value.

With Richmond being Tesla Central, and BC being the among the top 2 adopters of EVs in Canada, I am not at all surprised by the high average purchase price of cars.

ah! the... fake it till you make it... type. FeelsBadMan
THose are the dudes thats gonna blow a mental gasket one of these days trying to keep up with the Jonses.

moot.. you should tell him to buy a used ratrolla, cut his own hair, and start wearing costco clothing. Then he'll be ballarrrrrrrrr!!!!!!!!!!!!

p.s. are you hitting on this guy too peanutty?

Is it just me or am I amazed how some of you know the intricate details of your friends' financial situations?

I mean I know most of my friends are generally doing well financially or a few voice they are struggling. Every once in a while the topic of salary and major expenses comes up but in no way do I ever get a full picture of their financial situations the way some of you guys (think you?) do. *shrugs*