As a datapoint ..
As a datapoint .. we're from the Toronto area ... we looked for renting a home in a remote community - a few hours away from Toronto. I am shocked to see how urban prices have creeped into the area. 450K for a nice house in the boonies? Also, rents are through the roof. All the landlords we spoke to who weren't professionals seemed to have 1 main home in the community and two or three others that they bought and renovated. As someone who doesn't own land and was hoping to do so later in my career, I am scared. I knew I was priced out of major cities where the good jobs are (e.g. for my spouse). Since I can theoretically work remote for the most part, I thought .. it'll be okay. Now, I am getting a feeling of dread that I have been priced out of a huge chunk of the market. I am beginning to think that a rise in interest rates won't dampen property prices where there has been significant foreign investment. It'll hurt the mom and pop landlords but not the foreigners putting up all cash. Here is the frustrating part .. this chain of logic says I need to buy something right now ... buy into the bubble! (Housing in Toronto and Vancouver is widely considered to be a bubble). I've essentially held out for 7 years and it is getting to the breaking point. If I had bought into the same (but at that time smaller) bubble, my "investment" would have doubled. Am I screwed?
Posted by throwaway1979 on May 14, 2015, 7:47 AM
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Raise real-world problems, find people facing the same issue, and discuss solutions.7,000 issues0 comments
hackernews (Housing)
I had a similar random thought: Why don't we have a cloud company that does something opposite to what a Cloud company usually does.
China is controlled by the government.
> Prohibition never works, and piracy is a reflection of an unmet need.
Thanks, that's quite interesting.
My experience is that people are getting increasingly isolated anyway, so VR is great in this regard for more and more people.
You misinterpreted the summary.
> The biggest unmet need is housing, and in most areas that is definitely supply constrained.
> why should I not vote to block and prevent this growth?
As a datapoint ..
As a datapoint .. we're from the Toronto area ... we looked for renting a home in a remote community - a few hours away from Toronto. I am shocked to see how urban prices have creeped into the area. 450K for a nice house in the boonies? Also, rents are through the roof. All the landlords we spoke to who weren't professionals seemed to have 1 main home in the community and two or three others that they bought and renovated. As someone who doesn't own land and was hoping to do so later in my career, I am scared. I knew I was priced out of major cities where the good jobs are (e.g. for my spouse). Since I can theoretically work remote for the most part, I thought .. it'll be okay. Now, I am getting a feeling of dread that I have been priced out of a huge chunk of the market. I am beginning to think that a rise in interest rates won't dampen property prices where there has been significant foreign investment. It'll hurt the mom and pop landlords but not the foreigners putting up all cash. Here is the frustrating part .. this chain of logic says I need to buy something right now ... buy into the bubble! (Housing in Toronto and Vancouver is widely considered to be a bubble). I've essentially held out for 7 years and it is getting to the breaking point. If I had bought into the same (but at that time smaller) bubble, my "investment" would have doubled. Am I screwed?
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