TemporaryBoyfriend

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[–] [email protected] 1 points 11 months ago (3 children)

If your mortgage balance is low, it might make more sense to switch the whole thing to a HELoC. I switched when my mortgage fell below 50% of my original balance. It worked out for me because interest rates were low, and when I was down to about 30% of my original mortgage amount, I received an inheritance that mostly wiped it out, leaving me with a super-cheap line of credit that I used to borrow against so that I could invest.

[–] [email protected] 7 points 11 months ago (5 children)

Uh, how has he not been tried as a war criminal? Damn.

[–] [email protected] 2 points 11 months ago (3 children)

You deal with that by flattening the upward trend (or even reversing it a little) by adding more inventory. Corporate ownership of residential housing is a big thing, as is owning second and third homes as investment properties. My upstairs neighbour with a middle-management job and a stay at home wife owns the largest suite in my building, plus two rental condos. It's way, way more common than you think.

[–] [email protected] 9 points 11 months ago

The best explanation I've seen so far is that now that the abortion issue was crushed by a conservative supreme court in the USA, the next thing they're trying to do is indoctrinate the youth, because church attendance is dwindling.

Of course, it doesn't take long for that bullshit to bleed into Canada.

It's time to double-down on the demand for free/cheap and secular education.

[–] [email protected] 5 points 11 months ago

I've been telling this to anyone who will listen...

At the federal level, any income, personal or corporate, from property rentals or short term rental of any single family residental property is taxed at the highest marginal rate, PLUS a surcharge of 1%, increasing at 2x the rate of inflation every year. All taxes raised from the surcharge go to federal housing programs.

At the provincial level, any property that isn't your primary residence gets taxed at 1% of the total property value. The tax rate increases at 2x the rate of inflation every year. All taxes raised go to provincial housing programs, including rebates for first time home buyers.

At the municipal level, cities should be able to tax any property used as a short term rental at whatever rate they feel is fair. Also, any vacant property is taxed at least double the provincial rate.

This immediately stops individuals and companies from investing in single family residential properties, forces individuals and companies to divest their residential property portfolio as they become unprofitable as the tax rates increase, and slowly creates a steady flow of residential homes onto the market. It shouldn't create a housing crash, it should stop and slowly reverse the upward trend of housing over the course of 5 to 10 years.

Please steal this idea.

[–] [email protected] 5 points 11 months ago

I wish it I could say that it's hard to forget that safety regulations are written in blood. Yet here we are.

[–] [email protected] 9 points 11 months ago

Got any recommendations on teaching someone empathy, when they are clearly already a sociopath?

Short of the whole clockwork orange treatment?

[–] [email protected] 1 points 1 year ago

Hydro is the oldest city-scale power production method in Ontario. Yes, it's green, but it's a proven technology. I'm talking about solar and wind.

[–] [email protected] 3 points 1 year ago

Looks like there are two varieties - IR or Bluetooth Low-Energy (BLE).

[–] [email protected] 13 points 1 year ago

These idiots can be heard as soon as they finish a high-school sexual health exam.

I'm willing to bet that all of them would fail spectacularly.

[–] [email protected] 4 points 1 year ago (2 children)

Huh. Now you've got me wondering... Could you leave a device hidden in store that receives the IR signals that program the tags, capture that information, then parse it out later? You could literally log prices changes at the shelves, in real time.

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