Did you mean Diversity, Equity, and Inclusion? :derp:

That's so 2019, it's now DEIB. Diversity, Equity, Inclusion and Belonging.

https://twitter.com/vancouvermrkt/st...eizFCbZWi2p2MA

sweet! the automotive equivalent of human centipede

Wish I would have listened to this advice (which I heard from the Wealthy Barber et al.) many moons ago. Would probably be further ahead, less regret, better sleep at nights, than chasing those flashy stocks/funds that uncle and friends recommended.

Never had a “stock tip” work out, not once. Lol

Did I ever tell you Gai’s ? At one point in my life, This was 2005, I had 300 bitcoins. A nerd in sfu owed me money and he gave me 300 coins. I’m like what the fuck is this ?!? He’s like it’s worth 300 bucks !! You can just cash it.

I found some wacko online to give me 300 bucks for it. If I would have kept that….. or even just forgot about it on that usb key….. I wouldn’t be working now

Yes I have a few screen caps of selling 3 BTC for $650 each

Woulda been in my Turbo Macan by now

Damn .. that 'wacko' ... if he kept those 300 coins, it'd be like $26M @ $87,000 Cdn !! You prob don't need others to remind you that, spy ballon prob reminds you every day and twice on Sundays.

I don’t know why I tell you gais. Now I’ll be butt hurt all day….. gonna take it out on spy balloon.

I don't know anyone who would have the ability to hold 300 BTC without selling along the way. It's impossible.

i used to mine btc at the company i used to work for. it was on a shitty workstation style pc that had a really barebones ati video card, and i didn't even turn it on every day but i would still get like 1btc every 3-4 days. back then it was worth a few dollars. eventually i lost my wallet because i never really cared to look after it.

i've had a lot that i ignored basically go to zero.

a customer once came in and told me about a btc mining company that he invested in that bought all this hardware from china. it was worth like $7 at the time and he bought in hard at like $1 or $2 and made 400k. unfortunately he was thinking it would go to like $50+ and he most likely held and eventually it became worthless.

so true. The only thing i can imagine happening is that i squirrel it away somewhere and forget about it for decades. then JACKPot....

but thats highly unlike like you said. i would have sold it when it doubled already. 600 dollars!? wowwowow thats a lot of money to a broke ass university kid

This isn't a true story... BTC was created in 2008, use of a currency began in 2009.

Good story though, this has actually happened to people :lol

Bro.. you're awesome, seeing all your responses, i got nothing to say. You're really good & know your numbers.

Few things for real estate in my perspective of a noob.
a) rent can go up given new tenants come and go. I had one with 10 yrs at 1100 and now the person left and rent is $1950.
b) now that my place is paid off, i am also able to re-finance for a bigger mortgage.
c) Your investment methods are even more liquid than real estate.

I know if things crash and burn, i can evict and live in my apartment "free rent" for life. Just my comfortability than investing in a market (which i am so sad I never got too deep into it / like you).

Perhaps i shoudl start doing what you do but wife is a noob with zero numbers skills... I got too much mortgage to play right now to even start investing anymore..ugh.. freedom 85 here i come.

apologies for my senility for the time frame but yes, around that time!

But then let's not forget rates won't be 5% for the next 30 years, so technically your cash flow will be better over time, smaller outstanding balance, and you can possibly restretch to 30y over time. Also your rents will go up every year/ new tenant. So eventually you will break even even if you're loosing money now.

When you were mining and got rewarded, did you have a wallet ID on the hard drive you were mining with and was that considered cold storage? Like did that wallet on your hard drive have private keys? Meaning if you still had those keys, you could recover your wallet that you lost or is it completely different when you mine?

If you look at the last 30 years the average interest rate was 7.75%
You are also buying at a point that the mortgage to income ratio has never been higher in history.
There is a point where real estate isn't guaranteed to be a good investment. It might not be now, but it also might be.

94-2024 the average over the entire 30 years is probably somewhere around 4%.

There were a couple of brief peaks at 7% and 9% in '94-95, but then you had a couple valleys of 4.75% in '97, peak back to 7.5% in 2000, back down to 3.75 in 2002, and then it kind of hung around 4.5-5% until a brief peak of 6% in '07, and then sustained sub 3% until 2022...

Their argument of seeing panels when they were viewing the house is garbage. If it was such a deal breaker, why didn't they get that inspected or try it out before making such a significant purchase? Is it actually one of those stupid intercom systems from the 80s/90s??

Apparently 1990-2024 averages at 5.78%, the average of what you guys said lol


https://tradingeconomics.com/canada/interest-rate

I just googled and picked the first sentence lol.
But the point remains, that everything considered things SHOULDN'T be a good investment right now.
They still might be but it goes against all logic, math, and the fundamentals of money.

I personally would expect to pay 5% as your long-term 5-year fixed rate. The narrative of "higher for longer" is here to stay and there is no world that we are going to see central banks trying to get back to 3% fixed rate mortgages.

Your rents might go up by CPI each year, but your strata fees/property taxes/etc will likely go up by a higher percentage than your rents will. And if you incur one month vacancy in every few years, you'll have effectively eliminated the upside of any rental increase for a couple years.

In summary, it might go better than the financial projection, but there are a bunch of ways it could also be worse. So I stand by my assessment as a pretty good baseline of what that investment would probably look like over the long run.

-Mark