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04-24-2024, 11:21 PM
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#31101 | | RS Veteran
Join Date: Dec 2001 Location: GTA
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Did you mean Diversity, Equity, and Inclusion? 
__________________ 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. | Quote:
Originally Posted by EvoFire But fuck that exterior is like dating integra girl | | 
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04-25-2024, 07:35 AM
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#31102 | | Rs has made me the man i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 3,067
Thanked 2,918 Times in 1,251 Posts
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Originally Posted by bcrdukes Did you mean Diversity, Equity, and Inclusion? | That's so 2019, it's now DEIB. Diversity, Equity, Inclusion and Belonging.
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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
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04-25-2024, 07:40 AM
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#31103 | | Rs has made me the man i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 3,067
Thanked 2,918 Times in 1,251 Posts
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| https://twitter.com/vancouvermrkt/st...eizFCbZWi2p2MA Quote: |
In Metro Vancouver, there are currently more detached houses listed for sale over $6 Million (381) than condos under $500,000 (364).
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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
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04-25-2024, 07:47 AM
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#31104 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
Failed 480 Times in 243 Posts
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Originally Posted by RabidRat | sweet! the automotive equivalent of human centipede
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04-25-2024, 08:12 AM
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#31105 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,110
Thanked 4,492 Times in 2,166 Posts
Failed 296 Times in 140 Posts
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Originally Posted by lowside67 We could not be more boring with our investments - snooooooooze. Our goal is to achieve a meaningful return over and above inflation, while taking the minimum risk and volatility to do so. ZZZ. | 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.
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04-25-2024, 08:31 AM
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#31106 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,173 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
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Never had a “stock tip” work out, not once. Lol
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Dank memes cant melt steel beams
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04-25-2024, 09:06 AM
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#31107 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
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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
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04-25-2024, 09:10 AM
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#31108 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,173 Times in 6,083 Posts
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Yes I have a few screen caps of selling 3 BTC for $650 each
Woulda been in my Turbo Macan by now
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Dank memes cant melt steel beams
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04-25-2024, 09:12 AM
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#31109 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,110
Thanked 4,492 Times in 2,166 Posts
Failed 296 Times in 140 Posts
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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.
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04-25-2024, 09:18 AM
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#31110 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
Failed 480 Times in 243 Posts
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I don’t know why I tell you gais. Now I’ll be butt hurt all day….. gonna take it out on spy balloon.
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04-25-2024, 12:14 PM
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#31111 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,452
Thanked 2,933 Times in 781 Posts
Failed 407 Times in 108 Posts
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I don't know anyone who would have the ability to hold 300 BTC without selling along the way. It's impossible.
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04-25-2024, 12:40 PM
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#31112 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,431
Thanked 2,905 Times in 1,169 Posts
Failed 153 Times in 76 Posts
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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.
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04-25-2024, 12:42 PM
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#31113 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,431
Thanked 2,905 Times in 1,169 Posts
Failed 153 Times in 76 Posts
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Originally Posted by Hondaracer Never had a “stock tip” work out, not once. Lol | 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.
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04-25-2024, 01:20 PM
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#31114 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
Failed 480 Times in 243 Posts
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Originally Posted by PeanutButter I don't know anyone who would have the ability to hold 300 BTC without selling along the way. It's impossible. | 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
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04-25-2024, 01:27 PM
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#31115 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
Posts: 4,268
Thanked 5,498 Times in 2,067 Posts
Failed 265 Times in 101 Posts
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Originally Posted by Badhobz 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 | 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 
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Originally Posted by MG1 In Mike we Trust | | |
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04-25-2024, 01:29 PM
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#31116 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,536
Thanked 2,438 Times in 1,027 Posts
Failed 166 Times in 73 Posts
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Originally Posted by lowside67 I am a nerd so I did some math.
Real estate is good, but the real value is in the forced savings mechanism. If you put a few hundred thousand away for 15 years, and don't do anything except add a few thousand more a year, all results will be good...
-Mark | 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.
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04-25-2024, 01:32 PM
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#31117 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
Failed 480 Times in 243 Posts
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apologies for my senility for the time frame but yes, around that time!
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04-25-2024, 01:35 PM
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#31118 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
Failed 214 Times in 128 Posts
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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.
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04-25-2024, 04:48 PM
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#31119 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,452
Thanked 2,933 Times in 781 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by unit 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. | 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?
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04-25-2024, 06:58 PM
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#31120 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
Failed 214 Times in 162 Posts
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Originally Posted by JDMDreams 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. | 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.
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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. | | |
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04-25-2024, 08:49 PM
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#31121 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,600
Thanked 5,049 Times in 1,866 Posts
Failed 185 Times in 100 Posts
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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...
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1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
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04-25-2024, 09:15 PM
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#31122 | | Zombie Mod
Join Date: Aug 2003 Location: Langley
Posts: 9,890
Thanked 5,175 Times in 1,555 Posts
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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?? Quote: https://www.castanetkamloops.net/new...t-smart-at-all
A Kamloops couple has filed a lawsuit after allegedly spending $1.3 million on a Sun Rivers smart home that turned out to be pretty dumb.
Shawn and Robyn Murray filed a lawsuit this week in Kamloops provincial court seeking $30,000 from defendants Layne and Chrisann Boucher, who are identified in the notice of claim as the previous owners of the house.
According to the claim, the Bouchers listed their Visao Terrace home last summer and it caught the attention of the Murrays — in part because of its apparent high-tech smart-home system.
“When viewing the property, the claimants observed nine panels throughout the house that operated the security system, climate zones and sound system,” the Murrays’ claim reads.
According to the claim, the Murrays were “induced by the thought of owning a smart home” based on the panels, and they entered into a deal to purchase the home for $1.3 million. They took possession in November believing that they would be able to use the nine panels to control the home’s security system, lighting, climate zones and sound system.
That was not the case, according to the claim, which alleges the Murrays “have been unable to use” the smart-home system whatsoever.
The claim further alleges that the Bouchers’ realtor, when contacted by the Murrays’ agent, said the system is “so old that it would be pointless to revive” and the panels “never worked the lights or anything.”
The Murrays’ lawsuit is seeking $30,000 for "reimbursement for misrepresentations."
Once they have been served, the Bouchers will have 30 days to reply.
None of the allegations in the claim have been proven in court.
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Romans 10:9
Last edited by Presto; 04-25-2024 at 09:52 PM.
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04-25-2024, 09:18 PM
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#31123 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,797
Thanked 9,482 Times in 4,138 Posts
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Apparently 1990-2024 averages at 5.78%, the average of what you guys said lol https://tradingeconomics.com/canada/interest-rate Quote: |
Interest Rate in Canada averaged 5.78 percent from 1990 until 2024, reaching an all time high of 16.00 percent in February of 1991 and a record low of 0.25 percent in April of 2009.
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__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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04-26-2024, 07:32 AM
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#31124 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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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.
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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. | | |
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04-26-2024, 07:41 AM
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#31125 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
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Originally Posted by JDMDreams 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. | 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
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I'm old now - boring street cars and sweet race cars. | |
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