The shedsters

dish

Yesterday, house porn. Today, house poor. Herewith a cautionary tale about people who want to live in garden sheds.

First, some context. Canada is a country of 9,984,670 square klicks. It has 34,482,779 people. India covers 3,287,590 square kilometers. There are 1,210,193,422 Indians. So, 3.75 people per km live here, compared with 364 in India. This is called density.

Singapore has a density of 7,300 people, Japan is 340, Britain is 260 and the US is 33.

Guess what? This country’s basically empty.

Despite having a density one-tenth that of the States (the nation most like ours), our real estate prices are almost double. Household debt in Toronto, Vancouver and elsewhere has erupted higher, while incomes have stagnated. City prices continue to swell, fuelled by cheap money and a bizarre belief anyone not buying now will never be able to.

It’s a weird, Canadian thing. All this space. So few people. And a collective delusion that the Meaning of Life is own property exactly where the least space exists, demanding extremes. That could mean $1.45 million for a rebuilt bungalow on a five-lane arterial in mid-town Toronto, or moving into a garden shed.

That brings us to Nomad Micro Homes, a baby BC company which has received huge press there lately because nowhere else in the country would people stop laughing long enough to write anything down. The idea is simple: live small. So small you must live alone, and basically without possessions.

To be precise, this is not just chic urban weensy, like those 296-foot mini-condos now being flogged for almost $200,000 in Surrey (of all places). After all, condo living is by definition being part of a larger collective, where there are shared spaces, like lobbies and parking garages and laundry rooms where you can impress chicks with your knowledge of colours separation. Instead, Nomad is creating a new class of house – a single, detached, standalone dwelling which in its entirely consists of 100 square feet. Like I said – a garden shed.

To accomplish this, the little refrigerator becomes part of the loft stairs, while the bathroom turns into a shower. You have to crawl out of bed, because there’s no room to stand up. And you get to own one piece of furniture. The house comes in a box, which costs $28,000. I imagine you’ll need at least a set of cotter keys, and maybe a gnarly Swedish guy to put it together. Oh yeah, and some land – plus a building permit, which is an issue because no Canadian city allows people to move into sheds.

Despite that, Nomad is hipster cool. It’s even raising money to manufacture this house through crowdfunding, which proves the company is unconventional, deeply shallow and yet very special. The perfect GenY enterprise.

Here’s how the company describes it all: “With a cool factor set at maximum, this groundbreaking tiny house is flat-packed in a box that’s ready for shipment anywhere on the planet and is easily assembled by our purchasers. Living room, kitchen, bathroom, stair, and sleeping area are all seamlessly integrated into a 10′ x 10′ space. NOMAD’s goal is to reduce consumerism and focus on an affordable and sustainable housing option for the largest portion of our society: hard-working individuals who can’t make ends meet due to the high cost of living.”

Reduce consumerism. Right on, bro. That alone is worth $280 a foot, plus land and utilities.

By the way, the cheapest piece of vacant real estate in Vancouver is a parking spot, underground.

Freehold parking stall with individual title, legal description, property taxes and maintenance fees of $637.24 annually. Entrance from Pacific or Hamilton & Exit off Pacific. Located on P3 with 2 secured gates and measures approximately 9’3″ wide by 19′ long and maximum height of 6’6″.

The cost is $28,000. Imagine how cool that would be – asking that babe you met in hot yoga class to come back to your place in Yaletown. “What’s the address?” she coos, suggestively tugging at her Lulus. “P3,” you reply.

So much for density.

M1

M2

M3

M4

M5

251 comments ↓

#1 Cici on 11.01.13 at 7:23 pm

To be fair, how many of those Canadian kilometers of land are usable in terms of development? Isn’t a lot of that rock, marshland, tundra and sand?

#2 Mike on 11.01.13 at 7:24 pm

I’ve used the wrong liquid in a dishwasher once, in a hotel room in Whistler and ended up with bubbles all over the place just like in that picture. Not fun cleaning it up :)

#3 jan on 11.01.13 at 7:25 pm

Sir
Recently I found out that I could not have more then 25500 in all tfsa combined but I inadvertently did by not knowing differently.
I had two in two different banks instead of just one with 25500 each because I did not know about the limit.
I am now scared as I await forms form CRA. ( I already called them to report it )

When I opened the second account with ING the salesperson did not tell me that its not okay to have another account even though He knew I was sending him a cheque for 25.500 and also knew I has another tfs account.
Is there any advice you could give me on this matter.
Btw – I am a long term immigrant with relatively good English and am worried that I could be in trouble here with this…thanks you

#4 Rusty on 11.01.13 at 7:25 pm

I like it…

#5 Cici on 11.01.13 at 7:27 pm

“a baby BC company which has received huge press there lately because nowhere else in the country would people stop laughing long enough to write anything down”

Great writing Garth!

#6 herf on 11.01.13 at 7:27 pm

What? No book shelves? For shame!

#7 Fzzzz on 11.01.13 at 7:29 pm

I used to live in a space this size after graduation and it is not so bad, providing you are into raging alcohol or drug abuse……

Sort of screws up the future housing market.

#8 LH on 11.01.13 at 7:33 pm

CLOSING DAY

I noticed that many writers on this blog are 100% convinced in their minds that SFH in downtown Toronto are overpriced. Expensive they are, but having an opinion is something altogether different from having on a trade. And I just added to my trade: today I added yet another SFH on my pile of several SFH’s in C01 and C02. All south of Dupont, East of Bathurst, West of Yonge. Just wait 20 years and you’ll see how this area of the city will be pure gold, indeed every passing day it gets more desirable than the suburban riff raff (anything outside of the original city of toronto is pretty suburban by my book, and 905 may as well be Barrie). If RE ever suffers a correction (as it must, eventually), it will the suburbs and exurbs that will take the hardest hit (with possibly smaller declines for areas with good rail transportation near GO Train stations like Mimico or Old Cummer)

I love this trade, it dominates my PA (personal account). I’ve been in this trade personally since 2006, and with family since 1998. I’ve made millions from this trade and it’s still pushing upwards. In trading, one of the best long-term strategies is to just go with the flow (momentum). And momentum is only looking one way. Shorting real estate in downtown Toronto at any point in the last 15 years is a huge losing proposition, the technicals look AWFUL. Thankfully to protect poor fools there is no way to actually short SFH real estate, any more than not owning (and being short a roof over our heads–in that way we are all born short real estate)

By the way, my day job is as a trader at the tax farm (albiet a very large tax farm), on good days I’m actually pretty nice but some days I’m cranky and appear as a certified douchebag giving code smiths like Smoking Man a hard time at work, indirectly contributing to his drinking and gambling problems :)

#9 I'm Shedding on 11.01.13 at 7:33 pm

That’s a nice shed for the back yard honey. My own escape at last.. I love it..

#10 DV01 on 11.01.13 at 7:34 pm

Better off buying & living in an RV.

#11 shanks on 11.01.13 at 7:35 pm

looks like a palace to me!

#12 jaguar on 11.01.13 at 7:35 pm

It’s a Cabana! Or maybe a cool place where guys who write real estate blogs go to summon up their creative thoughts. It does have some redeeming qualities: bar fridge.

#13 Musty Basement Dweller on 11.01.13 at 7:38 pm

These little places look pretty cool. Why not put one in mom and dad’s back yard and pay some rent to help them be able to retire. At least you’re going to have your own place and no strata council to deal with.

#14 Nemesis on 11.01.13 at 7:39 pm

Seriously, AuldPol?

I know what Desi would say…

http://youtu.be/-Qbm-T_OSa4

#15 Spiltbongwater on 11.01.13 at 7:40 pm

I could actually live there. Who needs all this excess crap that we get sold and sold again. Heck, if she is wearing Lulu’s then she is not my type anyway.

Question though Garth. You said we could microwave KY, but was wondering as a non consumer of the products big corp is selling us, can bacon grease be a suitable substitute?

#16 Dexter on 11.01.13 at 7:42 pm

Who wants kids anyway, right?

#17 jan on 11.01.13 at 7:42 pm

As far as bank prefferds and reits you always recommend, what would happen to them in a likely real estate downturn looming.
Thanks very much and I also hope you can relieve my fear of incurring penalties for having invariantly opened 2 tfsa with 25.5 in each.
Thank you in advance.

No correlation. — Garth

#18 Diggstown on 11.01.13 at 7:45 pm

I believe the 296 condos in Surrey are selling for 109K. The article said 190K which I believe is wrong. Details, I know. 296 gets someone in the door for real estate. Try selling 296 when you are ready to move up to a larger place.

#19 I'm Shedding on 11.01.13 at 7:46 pm

As a matter of fact, I’m going to move in to shed and rent the house.

#20 MrHulot on 11.01.13 at 7:46 pm

You would have to step outside to change your mind

#21 pinstripe on 11.01.13 at 7:49 pm

Canada could have their own unique version of Slab City California.

#22 Chev on 11.01.13 at 7:49 pm

Finally somebody puts things in better yet perspective.

#23 lndner on 11.01.13 at 7:50 pm

Garth,Thanks for taking about density.

This was in my mind when I hear shortage of Land or Land availability shrinking. Where in canada they say there is no land to build houses.

Builders jack up prices and plot size getting squeezed for the same reason. You have now 36/34 wide plots for the due to the so called shortage of land. I can not open the curtain of my bed room as the its just a feet away from the other guys window.

and the council votes to change the bye law the enable the same.Its the cartels that rule the world.

#24 Babblemaster on 11.01.13 at 7:50 pm

“City prices continue to swell, fuelled by cheap money and a bizarre belief anyone not buying now will never be able to.” – Garth

————————————————————-

Everyone I know, or meet, believes this fervently. Just came back from Vegas and, while there, I met a guy from Brampton who just completed buying his second American home in Vegas. A detached for $75,000! Like everyone else, he is convinced that interest rates will NEVER go up. I am also now in that camp. So, though it may seem irrational to jump into this market of swelling property prices (based on the fundamentals), it has proven to be the right course for the many that did so in recent years.

Garth, as your predictions of rising interest rates have proven to be false, there is no reason to believe that this insane market will cool. Buying now probably will turn out to be a good decision.

Of course rates will rise (they did this year) and prices will fall. But feel free to delude yourself. — Garth

#25 AxeHead on 11.01.13 at 7:55 pm

Hey, Bubbles would love it…’cept it needs to have a cool retro phone and room for cats and be able to put up a RUSH poster.

I wonder if trailer parks would allow these things? And I wonder if David Suzuki would trade in his $8 mill vacation property for one of these…all in the name of reducing footprint.

#26 TurnerNation on 11.01.13 at 7:59 pm

Lots of chatter on yesterday’s blog re. Mayor Ford.
Weekend rant on that Dog and Pony show:

“The dog that didn’t bark.”

Police Chief Blair opined” “I think as a citizen of Toronto I’m disappointed,” Blair added moments later…”.

That’s odd. Every time I’ve seen cops on TV they refer to us as “members of the public” or “civilians”.

What’s the opposite meaning of public: private.
What’s the opposite meaning of civilian: army.

Ergo they are a private army and we are the public civilians.

Suddenly Blair’s a citizen? He doth protest too little.
Ford’s regime set this city’s constabulary as the highest paid in the land.
Plus 2 paid court days monthly (attended or not), and a long list of gold plated benefits, days off, and suspended-with-pay bonus for indictable offence charges. Job for life. Public union largess.

So dangerous? Hardly. Tons other jobs and trades incur relevant yearly fatality totals. These guys aren’t on the map. Most dangerous job in BC is one of an air taxi pilot. Bad weather, wonky old planes, time pressure.

#27 Paul on 11.01.13 at 7:59 pm

Where is the bathroom?

#28 Duncan on 11.01.13 at 8:08 pm

In what I can only describe as a ‘senior moment’ I once put regular dishwashing liquid in our dishwasher. The result looked a lot like tonight’s picture. Top tip if you ever find yourself in the same boat – dump a cup of cooking oil in – it works!

#29 Obvious Truth on 11.01.13 at 8:08 pm

These guys must be reading the blog. The basement dwellers finally have hope of living above land.

Throw in a crawl space to make it more like home.

By the way. I think my wood shed did larger.

Wait. My truck is larger.

Everything is messed up. What happened to sensible, hard workingCanadians.

#30 Daisy Mae on 11.01.13 at 8:09 pm

Thanks for all the useful info we obtain on this blog, Garth! Now, we know population density by country. (I guess we could have googled it…)

And, by the way, the pic? My son can identify. I did this very thing to him using by mistake, dish washing rather than dishwasher detergent. He was sooo patient and tolerant — went about the business of cleaning up the mess I created without a word… ;-)

#31 Mike on 11.01.13 at 8:13 pm

And here is what I dont understand:
Agricultural land has to be in relation with yield, why prices are going up when yield is going up?

#32 PokerCat on 11.01.13 at 8:14 pm

I love this. I’m buying one for the backyard. I can live there when I’m in the doghouse with my lovely wife.

#33 rp1 on 11.01.13 at 8:15 pm

Not a bad option for the “last generation”.

#34 Bigrider on 11.01.13 at 8:18 pm

Penny Jenny from yesterday.

Not to worry Penny , deleted ,I believe, because our blog host does not like the way I blend two languages together .

Bi Curious, look , club wicked is strictly heterosexual from my understanding, if you’re bi curious , try Church street.

#35 johnny d on 11.01.13 at 8:20 pm

Welcome to Japanada. More and more people are accepting smaller spaces or multiple roommates in order to ‘own’ real estate. Prices will remain crazy for as long as this mentality continues… which could be a very long time.

#36 omg on 11.01.13 at 8:21 pm

#3 Jan – I am not expert, but I think you may get hit with a 1%/month penalty on the over contribution. So hopefully you did not have the double TFSA for very long. They are not going to prosecute you or anything like that. Check this CRA site out to see the penalty:

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/txtn/txtn-eng.html

#37 Kurt on 11.01.13 at 8:27 pm

Quoting the architectural classic “A Pattern Language”, Pattern 78, House For One Person:

… the households with one person in them, more than any other, need to be a part of some kind of larger household -The Family (75). Either build them to fit into some larger group household, or even attach them, as ancillary cottages to other, ordinary family households like House For A Small Family (76) or House For A Couple (77).

#38 Randy Randerson on 11.01.13 at 8:28 pm

The lawn is the toilet.

#39 DOA on 11.01.13 at 8:28 pm

This is the future of housing….well…micro houses and/or converted shipping containers.

Deal with it.

#40 Daisy Mae on 11.01.13 at 8:30 pm

#3 Jan: “I had two in two different banks instead of just one with 25500 each because I did not know about the limit. I am now scared as I await forms form CRA. ( I already called them to report it )”

****************

You came forward, and that helps. But the fact remains, you’ll have to close one TFSA and pay taxes owing.

#41 omg on 11.01.13 at 8:33 pm

#24 Babblemaster

“”he is convinced that interest rates will NEVER go up””

I love people who make these kinds of sweeping projections. I put statements like this in the same camp as “equities are dead”, “this time its different”, “the US will never grow again”

The world economy is so complex and anybody who thinks they can figure it out long-term is just delusional.

There are two rules to remember:

1) The economy in the world will muddle along over time as it has for the last several centuries, sometimes at a fast pace sometimes at a slow pace.

2) Every few years there will be a big economic disruption in a region, and less frequently worldwide. For those that can keep rule 1) in mind, these disruptions present a nice opportunity.

#42 Dr. Bunsen Honeydew on 11.01.13 at 8:51 pm

That seems daft when you could buy and live in a decent campervan for less. Summers on the beach and winters near the slopes. Classy.

#43 Smoking Man on 11.01.13 at 8:53 pm

#8 LH on 11.01.13 at 7:33 pm

Don’t flatter your self LH, I don’t drink because of duchbags, they are grocery clerks coming to collect the bill.

I have a high rpm cpu, need to slow it down from time to time. That biological cpu uses every resource in my body, physically I appear old and tired.

Garth go to bed, my earth shattering post is not perfect yet, band at Seneca is playing CCR. Not going to the room to finish.

Working on slowing down the CPU

#44 Freedom First on 11.01.13 at 8:56 pm

When it comes to RE and density, I think Canadians are right up there. Just look at Canadian debt levels. Even the IMF has been warning us.

#45 T.O. Bubble Boy on 11.01.13 at 8:59 pm

This is like offering people a chance to buy a dorm room.

sad. just sad.

#46 will on 11.01.13 at 9:06 pm

I think the house is kinda cool. Not much room for bookshelves though.

#47 45north on 11.01.13 at 9:08 pm

LH: talking about downtown Toronto SFH:

indeed every passing day it gets more desirable than the suburban riff raff (anything outside of the original city of toronto is pretty suburban by my book, and 905 may as well be Barrie)

agreed the downtown will keep its value better than the suburbs. Ozy gave me a link to a paper: three cities within Toronto:
http://3cities.neighbourhoodchange.ca/
this paper shows that downtown is increasingly occupied by the rich and that the suburbs is increasingly occupied by the poor

however the greatest wealth is found by adopting the poor or more likely a defined group among them. I am thinking of the foundation that built “The Building” on the lower east side of NY. “Nevertheless, out of
what many observers considered to be a garbage heap, there arose some of the nation’s leading entrepreneurs as well as leaders in every profession from law to medicine, from theater to education.”

The Building Seymour N. Harris

#48 panhead on 11.01.13 at 9:10 pm

Wish I could get the sucka into the back of my truck … looks better than my camper and would likely impress the northern maidens … might just keep the bears out a little better too … hey maybe I just found a better use for it.

#49 Average905familyguy on 11.01.13 at 9:11 pm

Hey it’s not just in BC, there is a developer doing mini-condo’s in Toronto now too. They even advertise on their brochure a return on your investment of 5-7%.

– Garth get out your wallet, one of these babies should be in your portfolio.. right?

http://smarthousetoronto.com

#50 Brian Ripley on 11.01.13 at 9:21 pm

You can shrink the foot-print or the price to bring the cost of housing down. I have added a page and 2 charts to track the Monthly Absorption Rate and Months of Inventory of the 6 biggest cities in Canada. The outlier is still Montreal:
http://www.chpc.biz/mar-moi.html

#51 Mr. Frugal on 11.01.13 at 9:23 pm

Didn’t they start building super small houses on zero lots just before the last real estate market crash? I think the fat lady is heading for the microphone…

#52 Smoking Hot on 11.01.13 at 9:28 pm

#24 Babblemaster

75K in Vegas is a lot cheaper then 875K in Toronto… who cares what interest rates do when 75K pays for the house and not just the down payment.

Big difference dude

#53 Son of Ponzi on 11.01.13 at 9:29 pm

Oh goody,
Outhouses are in vogue again.
As they say, if you wait long enough…..

#54 Joe on 11.01.13 at 9:29 pm

Low density = buying into this market.
High density= your RE agent after you bought.

Regarding prices in the North Shore condo market in trendy N Van which I have tracked very closely some are dropping significantly.

Up in till recently you could not find a two bedroom under 4 now they are popping up in the 350’s and lower and considering the massive amount of construction loads of inventory coming.

I saw one place that was listed for 470 two years ago now asking 390.

The RE cartels charade is starting to wear thin.

Still overpriced but dropping, be patient.

#55 willworkforpickles on 11.01.13 at 9:34 pm

Could be if this keeps up they might even be paying a half a million or even a million bucks for detached micro housing in less than a decade here.
…..and in the midst of greater and greater demand… the end shall come, and fire and sword sweep over the land.

#56 Snowboid on 11.01.13 at 9:35 pm

Or better still…

http://www.voyagerrv.ca/rv-2014-Jayco-Jay-Flight-26RLS-Elite-ID2891.htm

At least with wheels, you can follow the annual squirrel migrations in style – and this rolling McShed has room for guests.

#57 Recharts on 11.01.13 at 9:36 pm

#50 Brian Ripley on 11.01.13 at 9:21 pmYou can shrink the foot-print or the price to bring the cost of housing down. I have added a page and 2 charts to track the Monthly Absorption Rate and Months of Inventory of the 6 biggest cities in Canada. The outlier is still Montreal:http://www.chpc.biz/mar-moi.html
————-
TO is oscilating downward toward a buyer market

#58 Halifax Observer on 11.01.13 at 9:38 pm

The bathroom is behind the couch. No joke, there is a build out for it in the picture. I would actually like one of these for the backyard.

#59 Godth on 11.01.13 at 9:40 pm

The in-laws might appreciate that when they visit but the yurt was cheaper…and the outhouse is less maintenance.

#60 deaner on 11.01.13 at 9:40 pm

Off topic… just read that BC is issuing bonds in the tax haven Liechtenstein in Chinese currency.

Does this new Canada-EU trade deal impact withholding taxes or anything? Did any retail investment strategies just become more profitable?

#61 Bob Rice on 11.01.13 at 9:41 pm

“To be fair, how many of those Canadian kilometers of land are usable in terms of development? Isn’t a lot of that rock, marshland, tundra and sand?”

Italy is 70% mountainous. There’s lots of jagged rock, sheer cliffs and inhospitable climates along those tall peaks (both the Alps and the Apennines)… 62 million Italians manage… There’s LOTS of land.. Southern Ontario alone could support 50 million people, easily..

This brings me to one if the reasons why our home prices are high – we have silly green land use policies (greenbelts, moraines, etc) that limit development and drive up cost of land in area like the GTA. Thank you very much, McGuinity, you do gooder…

#62 Victor V on 11.01.13 at 9:49 pm

PRICE DROP – 38 Bayview Ridge Crescent – YORK MILLS

http://themashcanada.blogspot.ca/2013/11/price-drop-38-bayview-ridge-crescent.html

This ridiculous house was first listed in April 2012.

It is a 6+2 bedroom, 12 bathroom house (mansion) on a 227.40 x 324.58 foot lot.

The asking price was $15,000,000!!!

When I posted it in December 2012, the price had been dropped…

To $8,800,000.

It’s now been dropped again…

To $6,295,000.

#63 Son of Ponzi on 11.01.13 at 9:50 pm

That’s why new immigrants should have to spent at least 3 years in the North, shoveling snow and cutting wood to prove that they truly wanna become Canadians.

#64 Victor V on 11.01.13 at 9:52 pm

Versailles of Vaughan: Make your dreams come true

http://themashcanada.blogspot.ca/2013/11/90-rocmary-place-vaughan.html

#65 Son of Ponzi on 11.01.13 at 9:59 pm

#29
“Everything is messed up. What happened to sensible, hard working Canadians?”
The answer is simple: The hardworking Canadians have become opportunistic stock market and real estate gamblers.

#66 Musty Basement Dweller on 11.01.13 at 10:01 pm

#35 johnny d on 11.01.13 at 8:20 pm
Welcome to Japanada. More and more people are accepting smaller spaces or multiple roommates in order to ‘own’ real estate. Prices will remain crazy for as long as this mentality continues… which could be a very long time.
==============================
Huh? Can you explain how people double up on accomodation or accepting smaller spaces helps keeps real estate prices high? How about the opposite ie reduced demand?

#67 not 1st on 11.01.13 at 10:04 pm

Garth, you can get a good used Class A motorhome for about $75-100K that makes about 300 sqft of living space and travel around the country. Isn’t that a better investment?

#68 Julia on 11.01.13 at 10:12 pm

That’s the nicest ice fishing hut i’ve seen! I bet you could get your wife out ice fishing if you had one of those. Oh yeah, that’s not the point of the man cave though is it?

#69 TurnerNation on 11.01.13 at 10:17 pm

Just read the article. Where are the Agenda 21ers lol.
Will do my post on the Lay-of-the-land one day. Global evidence.

Yesterday’s picture: must be one of bigarider’s buddies:

But boss…

No buts just do it. Build this driveway uppa uppa UPPA!

#70 4 AM Sunrise on 11.01.13 at 10:21 pm

#8 LH:

If you are the trader that you say you are, you probably already know about volume. Fewer and fewer houses are changing hands, but if you plot those points on a price graph, the line slopes upward. So of course real estate is on the rise. If ONE house changes hands next month at a higher price, the CREA will throw that one data point on a graph and declare victory, too.

And if you are the trader that you say you are, you probably already know about liquidity, too. So here’s hoping that you sell at a time when the market is still liquid enough for you to cash out at your desired price. Good luck.

#71 Mister Obvious on 11.01.13 at 10:21 pm

It’s incredible what a wide angle lens can do for 100 square feet. That little box looks absolutely cavernous!

When I was 28 years old I lived in a 24-foot trailer for about 10 months. Not a mobile home mind you… just a crappy little trailer.

When you added up all the floor space upon which one could actually stand it totaled maybe 30 square feet, including the bathroom. There are bigger jail cells.

On the upside though, it really teaches you how to get used to your own company.

#72 Son of Ponzi on 11.01.13 at 10:24 pm

#60
“BC is issuing bonds in the tax haven Liechtenstein in Chinese currency”.
The ingenuity of the financial wizards!

#73 sick of realtors who post here on 11.01.13 at 10:29 pm

It seems to me that 25% of the posts here are from realtors putting some kind of spin. Canada has one of the biggest housings bubbles in the world. Average incomes do not support the average prices for RE. You can not but cash positive investment. Rents to owning are off the charts. Over 20% of gdp is from RE which isn’t sustainable. It’s crazy how some con artist realtors come here to spin their Web of lies. I wonder how many realtors have criminal records? I wonder how many realtors have greater then high school? The socialists really created a mess here or do I have to call harper and his puppets conservatives ?

#74 not 1st on 11.01.13 at 10:46 pm

Garth, the answer to your blog is winter and distance.

Few people live here because our damned winter is so extreme and the distance between most major cities is more than 4 hours, in some places its 12 or 14 hrs.

There is no country like Canada in this regard so we are unique, and not in a good way.

#75 Roy on 11.01.13 at 10:49 pm

So, one of the least densely occupied nations on the planet, yet one of the worst housing bubbles = collective delusion. The nation is obviously jam packed like sardines into a few cities.

It is as though the whole population wants to pay ever higher prices, they want to live in increasingly downsized shoe boxes, while the jobs and pay to support it all diminish.

Population growth is only about 3 – 4 million higher in a decade, or about 10% growth. And prices have exploded by ??? Based on demand? Meanwhile condos built are exploding by ??? Limp-wristed Canadians will still pay

Basically got scads of Canadians selling property over and over again back to themselves at ever increasing prices in the delusion they are getting ahead. Try guinea pigs

Forever chasing each other on the wheel, getting nowhere but into an ever increasing humongous hole of debt. On an ever increasing tight leash from agendas dished out by big banks.

Great- a garden shed is the new housing innovation, problems solved. In one of the largest nations in the world, low density, this is the future. Caged rats in coffin boxes promoted as saving the world. Hand us over to China already

#76 Squatter on 11.01.13 at 10:50 pm

#27 Paul on 11.01.13 at 7:59 pm
Where is the bathroom?
***********************
Must be a Murphy bathroom hidden in the wall…

#77 Old Wrinkley on 11.01.13 at 10:53 pm

Jan,
DO NOT loose any sleep over this. You have disclosed this mistake your self before CRA took any action against you and are therefore able to take full advantage of Canada’s ( administered by CRA) Voluntary Disclosure program which are the forms they should send you. They are designed to be used by an average “joe” ( no lawyer needed) and will result in no financial penalties being levied or other possible problems ( like jail time ). CRA will assess what taxes you owe as a result of your mistake and arrange “terms of payment” if you require them. JUST one word of caution, be absolutely honest with them and they will be fair but in compliance with Canadian law as will you at the end of the process. Keep in mind CRA is charged with administering the tax acts of Canada and collecting taxes owed, NOT punishing you!! unless you are dishonest with them.

Sleep well.

#78 recharts on 11.01.13 at 10:53 pm

#73 sick of realtors who post here on 11.01.13 at 10:29 pmIt seems to me that 25% of the posts here are from realtors putting some kind of spin. Canada has one of the biggest housings bubbles in the world. Average incomes do not support the average prices for RE. You can not but cash positive investment. Rents to owning are off the charts. Over 20% of gdp is from RE which isn’t sustainable. It’s crazy how some con artist realtors come here to spin their Web of lies. I wonder how many realtors have criminal records? I wonder how many realtors have greater then high school? The socialists really created a mess here or do I have to call harper and his puppets conservatives ?
————
They entertain Garth, not us.

They moved from RedFlagDeals over here. There is absolute silence there in theRE topics. I they can not pump up RE to themselves.

#79 Devore on 11.01.13 at 10:54 pm

#1 Cici

To be fair, how many of those Canadian kilometers of land are usable in terms of development?

To be fair, even if you ruled out 80% of it, Canada is still very low density.

#80 DonDWest on 11.01.13 at 10:55 pm

““Everything is messed up. What happened to sensible, hard working Canadians?”

Being a hard working sensible Canadian has never been so unprofitable. Thanks to globalization and laissez faire capitalism shoved onto our throats by the likes of the baby boomers – is there any money to be made in an honest day’s work for your community?

I lost my job last week despite leading the team in sales. My job was shipped straight to India. Want to guess what generation the executive who made this decision is from?

Well, screw it – if you can’t beat them; join them. I’m not going to bother sending out another 200 plus resumes in the quint hope of finding another “real” job.

My plan now is to hire a pile of Indian programming slaves for pennies an hour to program junky phone apps that I’ll charge $2 a piece. If a million people decide to spend $2 to sign up – that’s 2 million dollars with almost no expenditure costs. Getting a million people to sign up isn’t exactly difficult in the online world. That’s the business model of the 21st century – hire slaves through globalization and sell crap.

Inventing something actually useful and that provides value to society?! Ha! If there’s one thing I’ve learned from you boomers – is that’s a suckers game! I hope you boomers are proud creating a world where only little monsters can succeed economically. . .

I’m finished trying to do things the “right” way; I’m now doing it your way with no morality strings attached – the only difference is I plan to do it better.

#81 Ben on 11.01.13 at 11:03 pm

Brian – thanks for the charts. Anyone got a theory on *why* Montreal is lagging?

#82 JohnMtl on 11.01.13 at 11:05 pm

@#6 herf on 11.01.13 at 7:27 pm

What? No book shelves? For shame!

=========================

Of course not, its for the internet generation! Poor suckers.

#83 Devore on 11.01.13 at 11:06 pm

#39 DOA

This is the future of housing….well…micro houses and/or converted shipping containers.

For comparison, and reference, a standard shipping container is 320sqft. You could fit THREE of these things inside the space of one container.

#84 Canadian Watchdog on 11.01.13 at 11:09 pm

Sun News on Agenda 21: A Threat To Canadian Sovereignty

All true. Everything is being dictated and planned for you and your kids. It takes some research and bit of time to understand the scale of this operation, and how they managed to infiltrate local governments and our education system while everyone was being entertained with cheap credit. 

Even if you're not a believer, at some point you will be as you read more dogma about how Canada is running out of land (even Calgary) and fresh water, and observe more and more micro condos being built when nobody wants them, or even buying them.

They don't care about money. It's about sustaining profit and power by controlling your lifestyle. And if you don't like it, they'll just import more people who do until you leave.

#85 Ret on 11.01.13 at 11:09 pm

Too small, but before we “belittle” the whole concept, take note of some of the thoughtful design elements incorporated to give both the illusion and the utility of real space.

Windows on two walls in a room. Over sized windows to bring the outside in. Vaulted sloped ceiling to volumize the minimalist footprint. An inside view directly to the outdoor patio area to give a sense of available expanded space. Transom windows strategically places. Quality subdued finishes that complement without competing with each other. Multi-purpose spaces to reduce costs and maximize the utility of each sf.

Does every family need both a family room and a living room? The traffic pattern between the kitchen and the rarely used dining room in most new homes is usually akin to something more like an obstacle course. Don’t people just want to go to a restaurant anyway for those special events.

Most subdivision executive/luxury homes in Canada have been designed like shipping containers. They have a few bricks and random windows along with a door or two scattered around the perimeter and a plethora of pot lights punched through endless expanses of drywall in the interior.

Multiple tasteless bedrooms are considered necessary for the new owners to accommodate freeloaders and family who rarely visit anyway. Cheapo cabinets and lots of $1.29sf tile from the local building will finish every new executive/luxury home or condo in the project. Nice.

800sf of well designed space is more than enough for 2 people. Many of the IKEA demonstration houses in their stores (see on-line examples) are not even that big and they would work for most families.

I know many empty nestors, both young and old, that have 2800 sf homes with 4 bedrooms, finished basements, 3 bathrooms etc and there isn’t one remarkable design element in the whole house. What exactly do they think that they have got that the rest of the world would lust over or even covet?

Get over it Canada. Pot lights and an acre of drywall are not considered thoughtful, intelligent design elements in the rest of the world outside of Canada.

#86 Hollywood on 11.01.13 at 11:23 pm

Not all places in Canada are expensive when it comes to house prices and most tend to be concentrated in the major cities plus “work hotbeds i.e. rich resource towns/cities”. That being said, people can still live in bigger centers i.e. Thunder Bay, Windsor, Moncton, Charlottetown, Fredricton, or many towns less than 20k at considerably less cost then big metropolitan areas.
Also, working in many of these lower costs areas can pay similar in terms of wages as if you were working in a big center. For instance, working for a national company that has divisions across Canada i.e. banks, or other multinational type of outfit. The wage scales tend to pay similar i.e. working at a certain job title.
It all comes down to where you want to live and make certain sacrifices in terms of disposable income, big city vs. small, family and friends etc. It is all about choice to live in a big urban center near downtown and pay huge amounts of money vs. living in another part of the country.
That being said, the best paying jobs CEOs, executives are usually concentrated in the major cities but if you are average middle class Canadian then very similar across the country. Even “rich” Alberta would pay similar for job titles as elsewhere in the country for the most part in communication with people. I am from AB by the way.

#87 KommyKim on 11.01.13 at 11:23 pm

RE: #3 jan on 11.01.13 at 7:25 pm
Recently I found out that I could not have more then 25500 in all tfsa combined but I inadvertently did by not knowing differently. (SNIP)
Is there any advice you could give me on this matter.

Yes, immediately withdraw the over-contributions from your TFSA. You are charged 1% per month for the excess amount which in your case equals a penalty of $255 per month.
More info from the CRA:
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/txtn/txtn-eng.html

#88 Ronaldo on 11.01.13 at 11:28 pm

http://www.omg-facts.com/Interesting/The-Entire-World-Population-Could-Fit-In/55348

Talking about density. The entire world population would fit in the state of Texas with a population density of New York City. There is no shortage of land just yet.

#89 Dogman01 on 11.01.13 at 11:39 pm

I have noticed a few terms popping up in other places: “Tax Farm Slave” – Thank you Smoking Man

Article Supports Garth’s slow US recovery thesis:
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/30/congratulations-america-your-deficit-fell-37-percent-in-2013/

Viva the Revolution!: Very surprised at how articulate he is.
http://www.channel4.com/news/russell-brand-jeremy-paxman-anti-capitalist-revolution-bbc

Blog keeps on givin Garth!
I might check out and buy one of these units Garth; leave me $420,000.00 to invest in Balanced income generating portfolio say 5-7% annualy… “Turn on, tune in, drop out”

#90 jim on 11.01.13 at 11:42 pm

“This brings me to one if the reasons why our home prices are high – we have silly green land use policies (greenbelts, moraines, etc) that limit development and drive up cost of land in area like the GTA…”

taking a moment to reflect, you might observe that the things that cities rely upon come from other places that require preservation. Farmland, aquifers, etc.

Waterloo is about to permanently hoop itself by allowing building on top of one of its main sources of water. Kitchener-Waterloo-Guelph are dependent on groundwater, and they are about to pollute that source by allowing building on top of critical portions of it.

Growth that is unrestrained leads to collapse, be that stocks, ecosystems or cities.

#91 whatever!! on 11.01.13 at 11:43 pm

Hey where is the toilet. I guess you can save space buy digging a ditch to take a dump.

This makes HK condo look huge. What a riot try reselling this thing in a couple of years.

BTW I can buy a shed at Costcos for 998.00 dollars with more space than that

#92 Franco on 11.01.13 at 11:47 pm

Yes Canada has lots of land, but very little of it is habitable, we are in essence overcrowded in some places.

#93 AfterTheHouseSold on 11.01.13 at 11:49 pm

# 80 DonDWest
“lost my job last week”

We are boomers who worked contract jobs for close to 30 years. In and out of work, sometimes suddenly without notice.
We are truly sorry that you lost your job and wish you well. Take care.

#94 Tiger on 11.01.13 at 11:51 pm

80# you sound mad kid ! But don’t blame others for ur down falls , get out there and establish yourself you arrogant goof! Best ta ya not . Don’t blame others for ur click of a button, solution !!! Bb My guess is u still suckin on the nipple! When I was your age , man I was eating carcasses like you quit why n ing insucure , look up ur name in the dick shonary it will spell it of for you! It’s not a free lunch for ya !! Oh wipe that milk off your cheek, go pound don’t blame others for u will beeeee a T Rex $$$k &&U get it

#95 Tiger on 11.02.13 at 12:06 am

80 obviously you let them down, even you were the top producer , what does it take to make it work! You are in a fantasy world, you have to actually
produce profits for the corp, top sail Man U still 50% below making it work sitting on your ass baby ,ur ass will get bigger but not your monthly income LOL

#96 mac on 11.02.13 at 12:07 am

Perfect for the Naramata. If you can convince some rich guy to sell you 0.001% of his vinyard and one of his prankster kids doesn’t run it over or drag it into the lake as a joke.

#97 Bottoms_Up on 11.02.13 at 12:15 am

#3 jan on 11.01.13 at 7:25 pm
———————————–
You won’t be in trouble for over-contributing to your TFSA. Appears you will pay a 1% penalty (so $250):
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/txtn/txtn-eng.html

And banks don’t have to monitor the number of your accounts or your contributions, that’s up to you.

#98 Cici on 11.02.13 at 12:16 am

#80 DonDWest

Sorry to hear about your loss :-(

On the bright side, you could into real estate. According to Smoking Man, LH and many others posting on this blog, the RE party isn’t over. If you don’t want to buy it, simply sell it…apparently you could make millions too. Although the app idea probably has less downside risk.

Good luck to you :-)

#99 Soma on 11.02.13 at 12:18 am

You are comparing apples and oranges USA most like us ?
Really ? Can we support real people living in Nunavut the
Same way folks can live comfortanly and productivly in
Both Buffalo as well as texas or new mexico ?

Grow up garth and find another bush to beat ?

Pleople will need housing as long immigrants keep coming in from rest of world at the rate of 200 000 every year and then reproduce once they are here

#100 Tiger on 11.02.13 at 12:32 am

Garth this guy really pissed me on80 I know this is not about this shit , it’s about diversification I know . But if you let them on this blog, I’m going tear them apart. Now canadians
Did ya know how many % of cad are stupid you wouldn’t know now would you!!!!!!!!!!!!!!!!!! Bbbnjjnjjnjnjnnj
It means something but I don’t know

#101 Tiger on 11.02.13 at 12:36 am

Garth wtf just kidding, have a g nite nice that your on this world!!!! Pls delete this post:)

#102 Ronaldo on 11.02.13 at 12:38 am

http://en.wikipedia.org/wiki/List_of_Median_household_income_of_cities_in_Canada

Interesting that of 27 or so cities in Canada, Vancouver ranks 22nd for medium household income at $67,090 (2010 figures). Ottawa comes first at 94,700 (high paid gov’t workers). Calgary and Edmonton are next with 89,490 and 87,930.

What does that tell us about affordability in good ole Vancouver which comes in at a paltry 67,090 which is 41% below Ottawa and 33% below Calgary.

Then there is Toronto which is one notch above Vancouver coming in 21st with 68,110.

Bad times ahead for those two hot spots.

#103 Ronaldo on 11.02.13 at 12:48 am

The overpopulation myth:

http://www.simplyshrug.com/index.php?option=com_content&view=article&id=63:the-overpopulation-myth&catid=31:general&Itemid=50)

#104 Rocko on 11.02.13 at 12:51 am

Garth, you are a rock star. I have been out of university for 4 years now, working hard and renting a great house for next to nothing. My balanced portfolio is kickin some serious butt this year.

I was wondering what your thoughts are on vacation properties or vacant land? I’m a huge ski bum and hiking junky, would love to have a small cabin to overnight away from it all. As real estate corrects over the next few years, will vacation properties decrease too? What about land value in say the Kootenay’s or Columbia Valley?

Thanks for all you do. Consider this Gen X/Y’er saved (I consider myself and inbetweener: http://www.buzzfeed.com/leonoraepstein/signs-youre-stuck-between-gen-x-and-millennials?s=mobile

Cheers!

#105 Rabbitt One on 11.02.13 at 1:03 am

>3 Jan

Most important thing to do now is to withdraw (de-register) excess amount of TFSA contribution as soon as possible.

Penalty will be changed by monthly basis untill you do so.

I am not tax expert, but CRA’s volunterydisclosure programme is not designed for TFSA over-contribution, but for any income not reported in more than one filing period.

TFSA is still new, de-register now before 2013 calendar year, and still you wil receive letter from CRA around June, July next year, you can appeal, no, rather, request TFSA over-contribution penalty releaf, you have a chane to be granted.
But again, most important thing is to de-register when you appeal. ASAP is the ideal action.

#106 Rabbitt One on 11.02.13 at 1:04 am

sorry, i meant

>Penalty will be charged

#107 Rabbitt One on 11.02.13 at 1:05 am

also,
>income not reported in more than one filing period prior.

#108 ryan on 11.02.13 at 1:05 am

Not much of Canada is actually liveable. I’m sure some can make it work and do, but realistically Yukon, Northwest Territory, and Nunavut should not be factored in. Same goes with Alaska for the US. You should factor in average hours of sunlight per day for the year maybe to make a precise and more accurate picture of liveable real estate in this country. Just saying, but appreciate the effort Garth.

#109 meslippery on 11.02.13 at 1:09 am

Back in the day a custom van would have been paradise
small bed, beer fridge, girl.. need nothing else..
No property tax, rent ,very mobile,
Van now is as big as a new condo just cost less.

#110 Tiger on 11.02.13 at 1:13 am

80 you are sending out 200 in one shot that sayes a lot of u maybe you should be a cabe, you can tell a. Lot of stories their.maybe hook with call girl ,use protection , I’m dun

#111 Ray Skunk on 11.02.13 at 1:13 am

#3 Jan:

Write to the CRA and explain your circumstances.

I did this earlier in the year when I inadvertently overcontributed for 2012. A nice lady from CRA called me, I explained my case (my investment advisors were feeding me out of date info causing me to put more in than I should) and explained it happened in 2011 too. I’d paid a fine for 2011… not keen on doing in in 2012 also.

She wrote back granting an exception for 2012. No penalty.

A few weeks later I got another letter. They were refunding my penalty for 2011.

Write to the CRA. Nothing to lose.

#112 meslippery on 11.02.13 at 1:17 am

Yeah for the blogger who said I should comment on
KY. Never needed it… So hot.

#113 BigDaddy on 11.02.13 at 1:17 am

Vancouver is like living in prison for the working class. I guess all the rich foreigners must just laugh at the locals serfs gullible enough to mortgage themselves to death.

#114 Tdot SFH on 11.02.13 at 1:20 am

Of course rates will rise (they did this year) and prices will fall. But feel free to delude yourself. — Garth

Of course price will fall. Like 5%….600-900k homes a golden eggs.

#115 Son of Ponzi on 11.02.13 at 1:36 am

Seems to me that the First Nations were quite evenly spread out through the country until the white people arrived. Though, the Ukranians were quite happy in the Prairies.
And now the Asians, well they just don’t like the winter.
Vander Zalm would have just given them a shovel.

#116 Dan In Calgary on 11.02.13 at 2:03 am

I like it!

#117 Future Expatriate on 11.02.13 at 2:51 am

The decor rocks, but until we invent Star Trek TOS replicators that can create anything you want (a book to read, a trombone, a treadmill, a turkey dinner, etc.) and then dispose of it when you were through to be recycled, the idea of living in Star Trek crew quarters is a bit ahead of its time. Storage Centers are going to love this trend.

#118 Tiger on 11.02.13 at 3:01 am

80 don d west, what a little man you are,grow up!! Look up retard in your dick. Yeah you still don’t get it ! Dick shon ary u are dun

#119 raisemyrent on 11.02.13 at 3:10 am

mm Garth straight-forward maths on density, but the livable band of Canada leaves us with a much, much smaller country than what you see on the map. I like to tell people that the US is really MUCH, MUCH bigger than Canada. After they react, I explain to them that their net land area (excluding water) is slightly larger to begin with, and that there are funny-speaking Americans from Seattle to Florida, whereas not many Canadians are to be found north of the latitude of, say, Edmonton. Regardless, we still are much less dense than many places.

Back to the box, yikes!
GenY/Millennial at its best; thinking outside the box, becoming millionaires, being different… all whilst missing the point entirely. Whatever happened to maybe just getting a job and working hard for a bit?
What is it with this notion that the housing market is a train out of control (bear with me), and that the goal in life was to get on it as fast as possible?
All this alternate “solutions” to the housing “problem” of unaffordability are still based on the notion that you MUST own (or finance lol).
Rent! Relax! Let them go crazy and watch in quiet amusement. But alas, who would be smart if no one was dumb…

by the way, my trusty Mac tells me “unaffordability” is not a word. We certainly use it… food for thought.

#120 Buy? Curious? on 11.02.13 at 4:04 am

Garth, I like those little compact houses. Get one of those with some solar panels, harvest rain water and some serious broadband, you’re set!

Bigrider, you love referencing Wicked, don’t you? I can feel your sexual frustration from here.

http://www.youtube.com/watch?v=9Wl_uQOABxg

#121 willworkforpickles on 11.02.13 at 6:00 am

FORGET FORGET FORGET – the fundamentals that favor keeping mortgage rates down. They will be jettisoned out the nearest window before your eyeballs can pop. MORTGAGE RATES ARE GOING TO BE GOING UP UP AND UP soon enough.

So get that into ya boys and girls . Higher rates will be coming in O-14 like a freight train coming off the rails down a mountain slope.

#122 Tony on 11.02.13 at 6:26 am

Re: #3 jan on 11.01.13 at 7:25 pm

Claim you knew the tax laws but have undiagnosed amnesia and inadvertently opened two accounts because of forgetfulness.

#123 Tony on 11.02.13 at 6:38 am

Doesn’t that house belong up in a tree for the kids to play in?

#124 bigrider on 11.02.13 at 6:58 am

Hey Bi Curious

The store manager from ‘It’s a Short Mans World”
called.

They want their mannequins back.

#125 bigrider on 11.02.13 at 7:09 am

http://www.thestar.com/business/personal_finance/2013/11/01/beware_of_brokers_urging_you_to_take_out_loans_roseman.html#

Beware of advisors urging you to borrow money to invest ( Garth..LOL) .

Feel free to do the same with no repercussions for RE, especially condos. No high risk there

#126 Ralph Cramdown on 11.02.13 at 7:13 am

Does Humour Belong in Real Estate?

See what Mark Weasellawyer suggests in an article in the Star:

“Some sellers who sell homes by themselves are refusing to pay any commission at all — even to the buyer’s real estate agent — believing they can make more money that way. The commission can exceed several thousand dollars on a typical sale.

What these sellers don’t factor in is the fact that the buyers will then have to pay their agent themselves, meaning they’ll offer less money to buy the home.

As the rules stand now, buyers cannot include commissions as part of the mortgage. But if the rules change to include commissions as part of the loan application, more buyers would be able to afford a home.”

Now what makes me think that this isn’t original thinking on his part, but an idea that has been ricocheting around industry lobby groups? Just roll it into the monthly with the CMHC premium, Joe Sixpack!
http://www.thestar.com/business/personal_finance/2013/11/01/why_2013_has_been_a_good_year_for_gta_housing.html

#127 H&R Blockhead on 11.02.13 at 7:41 am

Hey Jan, get a google.
You will be penalized 1% per month of excess.
Simply remove the excess.

#128 mike on 11.02.13 at 8:58 am

I had an offer on a house with condition on financing in Toronto. I could not get financing for the amount necessary. I had signed the release form to get deposit back 2 days ago at Agency Office. Paperwork was not there. Agent did not leave paperwork with Office. Agent does not want to return cheque-deposit. Agent said that seller does not want to sign the release. Agent very aggressive and impolite. What can I do?
Please advise.

#129 Ralph Cramdown on 11.02.13 at 8:59 am

#99 Soma — “Can we support real people living in Nunavut the Same way folks can live comfortanly and productivly in Both Buffalo as well as texas or new mexico ?”

Median household income in Nunavut is over twice Buffalo’s, and all but a few of Nunavut’s communities get less snow than Buffalo does. I grant you that groceries are cheaper in Buffalo.

#130 mike on 11.02.13 at 9:01 am

Offer with financial condition. Could not get financing. Agent does not want to process the release form to get deposit back. What should I do?

That’s what lawyers are for. — Garth

#131 Smoking Man on 11.02.13 at 9:04 am

Oblivious to the obvious.

Where do I begin? The stupidity of man knows no bounds. This is after all a financial and real estate blog, it primary author the Great Gartho forever adjusting his slide ruler, his calculator and showers us with fundamental data that clearly shows housing prices in this country are insane. Yet sales and price increases continue.

Why? The stupid herd.

This is what the herd did this week. They are calling for the head of a tubby red faced mayor, who’s 2 crimes are indulging in a bit of pipe, and a human fire wall between our wallets and parasitic vampire, tree hugging, bike ridding neo liberals who are hell bent on getting our money for nothing and chic’s for free for ever. Fatso not making it easy for them.

Rather than assemble like a pack of wolves and go for the head, and shred to pieces the man and party that put this province into a world of debt, they pick on tubby, just like in school.

The McGoof legacy
E-health: 1Billion down nothing to show for it.
Canceled gas plants: 1 Billion down nothing to show for it.
Refurbish a nuke plant: 1 Billion. Its coming.
The most expensive auto insurance in the world.

Where is the outrage?

Now we have a new premier, moist lipped Win. She is no better and if she ever gets a majority, this province is doomed. The young are doomed, dogs and cats are doomed.

Ford’s real crime against humanity, protecting our money and keeping the pigs from the trough.

And for this the collective is going to lynch him and lynch him high.

#132 Sean on 11.02.13 at 9:19 am

I would put that in my backyard and use it as a home office so I can see the sun instead of working out of my dingy basement.

#133 Keith on 11.02.13 at 9:32 am

I’d like to live in one. Sure it’s not practical, but I like the idea of having no possessions, furniture or family. Sign me up.

#134 Ronaldo on 11.02.13 at 9:34 am

#121 Tony on 11.02.13 at 6:26 am
Re: #3 jan on 11.01.13 at 7:25 pm

”Claim you knew the tax laws but have undiagnosed amnesia and inadvertently opened two accounts because of forgetfulness.”

Wouldn’t take this one too seriously…someone toying around…….probably a realtor.

#135 Bob on 11.02.13 at 9:48 am

Spent 5+ years living in 2 of Canada’s 3 territories. Very much liveable (yes, even Nunavut). :) Probably the only way one can afford a house in Vancouver is by moving to Yellowknife where the median family income is 105k/year. Go up North and save your money! After a few years if you haven’t fallen in love with the north move south with a solid downpayment and some investments.

#136 Ronaldo on 11.02.13 at 9:51 am

#130 Smoking Man

”Ford’s real crime against humanity, protecting our money and keeping the pigs from the trough. ”

Can’t be much left in that trough the way the previous government was wasting it.

http://1.bp.blogspot.com/-cF9NLEvHaKE/T47Aqv5NbwI/AAAAAAAANeM/HIOuc6kad0c/s1600/pigs_at_the_trough.jpeg

#137 Ronaldo on 11.02.13 at 10:11 am

#80 Don DWest – maybe try looking in the mirror. You may discover where the problem is. Don’t blame the boomers for your woes. Cry baby.

#138 Godth on 11.02.13 at 11:09 am

#80 Don

http://www.youtube.com/watch DELETED

#139 CrowdedElevatorfartz on 11.02.13 at 11:16 am

The micro house has a flaw in its design. The upper “floor” should have a hatch for the stairs so the you have even MORE floor space to ‘live” :)

#140 CrackHead Conservative on 11.02.13 at 11:31 am

People call me a CrackHead and I am a Conservative. We Conservatives know how to run the city of Toronto and the country. Sure some call us CRACKHEADS and sure we have been seen drunk like fools but we are Conservatives. Yes We Conservatives spend spend spend like drunken sailors like the $600,000,000,000.00 from CHMC alone. Yes that looks like a Cracked out number but when you are considered a Crackhead Conservative you go BIG or go to a Crack house.

#141 Penny Henny on 11.02.13 at 11:37 am

Despite having a density one-tenth that of the States (the nation most like ours), our real estate prices are almost double.-Garth
——————————————————–
SEE! It is different here!

#142 Doug in London on 11.02.13 at 11:41 am

The idea that we have abundant space to put everyone in Canada is misleading to say the least. We are largely a nation of urban dwellers, so a lot of us are crammed into a small fraction of the country’s total land area. All that largely uninhabited space in the Cochrane and Kenora Districts of northern Ontario isn’t usable for commuters in the GTA or other large cities and won’t ever be unless teleporting technology (like on Star Trek) is developed.

As for the tiny houses, the idea isn’t new. In the late 1980s a Toronto based house designer came up with a good design for a smaller house (about twice the size of the storage shed house above) but the idea never caught on. Probably zoning never allowed it, instead it only allows for over sized monster homes. That’s odd, that houses are bigger at a time when family sizes are smaller.

#143 Canadian Watchdog on 11.02.13 at 11:51 am

Craigslist GTA Average Rental Price Index – Chart

Oct YoY%

1 Bed 6.8%
2 Beds 18%
3 Beds 16.5%

On a quarterly and per square foot basis, one bedroom rental offers (Q3) was up 9.7% at $2.38/sq.ft. compared to $2.17/sq.ft last year. Two bedroom rentals increased by 9.1% at $2.21/sq.ft. versus $2.02/sq.ft. for the same comparable periods.

#144 CrackHead Conservative on 11.02.13 at 11:51 am

Realtors on this Blog sound like crazy Crackheads when they try to spin that Canada which has a land size of
9,984,670 km² does not have that much useable land. Have you clueless realtors been to Italy that has land area of 301,230 km² of which much is mountains and has a population of 60.8 million inhabitants. Canada is 33 times bigger then Italy. Ontario alone has 1,076,395 km² or more then three times the size of Italy. Even if you take the greenbelt out it’s only 7300 km². Not much useable land? Realtors sound like crackheads or just outright liars who will say anything to make a sale. No land in Canada. LOL What Crackheads

#145 Godth on 11.02.13 at 12:02 pm

Garth, I’m surprised you deleted Jarvis Running The World! O.K. there was a bit of swearing but he was living in a micro-house. Oh well, I guess not everyone appreciates truthy art.

Trash. — Garth

#146 VanLarry on 11.02.13 at 12:18 pm

We use to call these trailers, I believe.

I think 28k is a bit optimistic. These guys: http://www.tumbleweedhouses.com/ are going for 60k.

Might as well consider going full RV at those prices. It won’t sound sexy, but you’ll get the Trailer Park Boys loving crowd.

#147 Godth on 11.02.13 at 12:19 pm

Trash. — Garth

We’re going to have to re-cycle Garth. One man’s trash…
Oct 29th
http://www.banksyny.com/
the video on Oct. 6th is worth a look too.

#148 Ahead of the Curve on 11.02.13 at 12:20 pm

I love it!!!

Perfect place for my mother in law..

#149 Joe on 11.02.13 at 1:01 pm

91-where’s the toilet?
Your looking at it.
Another crap shack to being flogged by your friendly neighbourhood used house salesman.

#150 Mister Obvious on 11.02.13 at 1:18 pm

We’ve been listening to DonDWest piss and moan on this blog for quite a while. The poor fellow just doesn’t understand the cyclic nature of western prosperity. We’ve been booming and busting for centuries.

The part of the cycle you are born into is a complete crapshoot. The key to success is to work with the times you inherit, not blame ancestors for your inability to adapt.

I just read Bill Bryson’s “One Summer – America 1927”.

The America of the 1920’s was not the bastion of parochial rural decency depicted in Norman Rockwell paintings.

It was in fact a tumultuous era filled with crazy publicity stunts, wrongheaded and unenforceable law, criminally corrupt politicians, rabid racism, financial insanity, vicious anti-Semitism and fanatical worship of extremely flawed heroes.

For people of the correct ethnicity with gobs of money it must have been a fantastic time. For the majority it was the last fling before twenty years of hardscrabble life leading up to the prosperous fifties.

Just finished the same book. Immensely valuable perspective. — Garth

#151 Ronaldo on 11.02.13 at 2:02 pm

#141 Doug In London –

”That’s odd, that houses are bigger at a time when family sizes are smaller.”

What is really odd is that it’s older retired people who sell the old family home that they raised their kids in and buy up these humongous houses for two people. Guess they figure on lots of grandchildren. What a joke that is. Saw a lot of this happening in the Okanagan with the influx of retirees from the east back in mid 90’s. Now these same people are trying to flog these things. Whole streets of retirees in some areas. Counted 15 for sale signs a while back on one street in a four block area. Prices down over 100,000 from the highs of 08 or around 23%. This is Vernon.

#152 Blacksheep on 11.02.13 at 2:25 pm

S.M # 130,

“And for this the collective is going to lynch him and lynch him high.”
———————————————–
So maybe fat boy shouldn’t have supplied his detractors’ with:

A) rope B) tree C) justification

It’s not the vice, per se that’s the problem, it’s the lack of intelligence OR abundance of arrogance shown, in not keeping it behind closed doors.

How many weeks surveillance and he never noticed?

#153 Godth on 11.02.13 at 2:28 pm

#150 Ronaldo
Those monster McMansions are going to make great squats when the grandchildren grow up. Always walk on the sunny side of the street…

btw Garth, that recycled painting sold for $615 000.00. Could’ve bought half a house in Van. for that, sheesh.

#154 Vangrrl on 11.02.13 at 2:28 pm

CBC story this morn about the increase in unempoyment of over-50s. A 62- yr old laid-off technical writer is quoted who ‘thought he’d be retired by now’, but instead has to take a minimum wage job in a grocery store to pay off debt… Staying out of debt should be everyone’s priority. Stories like that make me cringe, and they’re only becoming more common.

#155 Son of Ponzi on 11.02.13 at 2:31 pm

#149 mr.obvious
The 50’s and 60’s were prosperous only because the world needed crappy American cars and appliances until they Germans and the Japanese rebuild their economies.

#156 Blacksheep on 11.02.13 at 2:34 pm

DonDWest # 80,

“I’m not going to bother sending out another 200 plus resumes”
———————————————-
Resumes are for Cattle. Welcome to the ‘dark side’.

#157 T.O. Bubble Boy on 11.02.13 at 2:37 pm

It’s official… Carney’s bubble has gone global:
http://business.financialpost.com/2013/11/01/property-hot-spots-from-canada-to-china-renew-easy-money-bubble-fears/

#158 DonDWest on 11.02.13 at 2:46 pm

“We’ve been listening to DonDWest piss and moan on this blog for quite a while. The poor fellow just doesn’t understand the cyclic nature of western prosperity. We’ve been booming and busting for centuries.”

The difference between now and the past is that the ancestors were dead due to lowered life expectancy. Today, the fortunate ancestors haunt you amongst the living due to increased life expectancy. As harsh as this may sound – it would be a lot easier to move on if the baby boomers simply died off – leaving the lot of us in the same boat.

Baby boomers didn’t have to compete with China and India to achieve their economic success. I’m tired of them talking like they’re “hot s***” compared to the younger generations. They’re like a kid who trots around the neighbourhood claiming to be a tough guy because he beat a 90 lbs. weakling. It’s pathetic!

I’ll respect the baby boomers the day that they:

A) Acknowledge they had is easier, way easier than today’s generation. And therefore any economic success they perceive to have earned is cheapened.

B) Demonstrate empathy.

Seeing that none of the two are likely to happen any time soon, I’ll continue to call them out as assholes. Maybe we are a generation of whiners? So what? I would rather be a generation of whiners than a generation of assholes. We’re only going to move ahead when all this “old boomer money” is finally flushed out. . . Hyperinflation? Economic collapse? I’m praying for either or – after all, only my enemies stand to lose; while I stand to lose nothing.

#159 Buy? Curious? on 11.02.13 at 2:48 pm

@123 Bigrider, do you really think I’m short or is it because Garth’s post on compact living that influence your opinion that I’m a small person? *sigh* This coming from a woman who lives out in the subburbs? I laugh at your assumptions! LAUGH! IN YOUR FACE! Bwahaha!

City Living is awesome! SFH is the best investment in Toronto regardless of having the most Gangster Mayor in the world.

#160 Nemesis on 11.02.13 at 2:51 pm

Clearly, Shysters Shedsters come in all shapes and sizes… in no particular order, some SaturdayFunnies for SaltyDogz…

FirstUp, CivicCorruption – Cali! Style… talk about your PulledPorkers – compared to Rizzo our own SenatorDuffy is a veritable SlenderReed… [not to mention something of an underachiever]…

[LAT] – Bell won’t be able to touch some of Rizzo’s wealth: Corrupt former Bell manager Robert Rizzo may be ordered to pay millions to the city, but his public pension and 401(k) are untouchable.

http://www.latimes.com/local/la-me-adv-rizzo-wealth-20131101,0,466737.story

NextUp, further proof [as though any were actually needed!] that “NewMoney” and “GoodTaste” are seldom synonymous… with the added bonus/drama of a Deutsche Bank LondonLuxuryForeclosure [re: Pakistan’s former ‘Privatisation Minister’]…

[UK Telegraph] – The Bishops Avenue: is there anyone at home?: The builders are in and the Saudi royal family is off – are fortunes flagging for Billionaires’ Row?

…”Of course, you can be hard-pressed to discover who owns these properties or how much anyone paid. These are not run-of-the-mill transactions between families moving home. Official Land Registry records reveal a complex web of deals between offshore companies.”…

http://www.telegraph.co.uk/property/10420725/The-Bishops-Avenue-is-there-anyone-at-home.html

And last, but certainly not least, a brief piece primarily of interest to media critics, regional journalists, social theorists and assorted other misfits…

Seriously, SaltyDogz – you know things are bad when the local press and the VillageIdiot Mayor are forced to TapDance a corporate behemoth’s PressRelease into an “event”… On the BrighterSide, we do get an OutStanding Quote ‘O TheDay!:

“Obviously I prefer to see high-paying [full time] jobs that have a full range of benefits…” – Mayor Litke AdLibs in a rare, unauthorized, departure from his prepared script

[PWN] – Shoppers rejoice!…

http://www.pentictonwesternnews.com/news/230223031.html

[NoteToConspiracyTheorists: Yes, it’s true… not a single person in that LeaderIllustration is “rejoicing”… and as for the concluding photograph – one is irresistibly tempted to conclude that the subjects were liberally ThorazineDosed prior to the obligatory ManagementLed HappyClappy. Nemesis, using only the material quoted in that piece, would have written a slightly different Leader: “Mayor Goes OffScript as Moonies Crash WalMart Opening and StoreManager DeclaresWar on LocalRetailers”]

#161 DonDWest on 11.02.13 at 2:56 pm

“Resumes are for Cattle. Welcome to the ‘dark side’.”

Feels good to be here – don’t know why I resisted for so long. Stupid conscience got in the way. Don’t know why there’s so much boomer backlash – they wanted a free for all – they’re going to get it.

Now I’ll leave before I suggest we turn old useless boomer farts into fertilizer to improve the nation’s GDP. . .

#162 Victoria - the Original on 11.02.13 at 3:47 pm

It would make a nice guest house for people to visit for a couple of days only. I would use it to get away from my family and have a wine fridge put in. Big wine fridge.

#163 jess on 11.02.13 at 3:57 pm

oil lease flipping from yesteryear

The U.S. Bankruptcy Court for the District of Delaware approved a settlement agreement today between the United States and the APCO Liquidating Trust (a successor in interest to APCO Oil Corporation). The settlement follows seven years of litigation concerning the APCO Liquidating Trust’s liability under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA or “Superfund”) for costs incurred by the U.S. Environmental Protection Agency (EPA) for the ongoing cleanup of the Oklahoma Refining Company (ORC) Superfund Site located in Cyril, Okla.

http://newsok.com/cyril-gets-right-to-sue-over-well-contamination/article/2451131
Modified: December 15, 1993 at 12:00 am • Published: December 15, 1993
http://www.leagle.com/decision/1993100711F3d996_1846
https://law.resource.org/pub/us/case/reporter/F3/011/11.F3d.996.92-6373.html#fn5
Shew said water rates in Cyril have quadrupled since mid 1989 as a result of the city having to get its water from a rural water district.

That has not only hurt the pocketbooks of local residents but also hampers economic development, he said.Oklahoma Refining shut down the plant in October 1984, a month after filing for Chapter 11 bankruptcy with debts totaling more than $40 million. Now Oklahoma Refining trustee Gary Morrissey of Oklahoma City is seeking a bankruptcy court order allowing the company’s estate to abandon the nearly 200-acre site.

…”Continental Illinois National Bank, biggest creditor in the bankruptcy case, supports the abandonment and does not want any more of the estate’s limited cash collateral used to fund environmental studies or a cleanup.”
http://newsok.com/cyril-water-soil-pollution-probed/article/2152161

too big too fail
http://www.fdic.gov/bank/historical/history/235_258.pd
====================
The Illusion of Choice
http://www.policymic.com/articles/71255/10-corporations-control-almost-everything-you-buy-this-chart-shows-how

media concentration in 1983 50 companies 90 percent
2011 6

ge, news corp, disney, viacom, t warner, cbs

37 banks have merged to become 4
jpm ,chase ,bofa, wells, fargo ,citigroup

House Passes Deregulation Bill Written by Citigroup
Friday, 01 November 2013 11:51
By Jessica Desvarieux, The Real News Network | Video Interview

=====================

#164 live within your means on 11.02.13 at 4:01 pm

Haven’t read the comments yet but years ago a young biker chap, friend of hubby, looked at our garden shed & said he lived in a smaller place that it. Hubby stored his bike in it that winter. Now hubby will have to store his bike + sidecar at a friend’s as he’s got 2 other bikes in the shed plus snow blower & all the gardening, etc. stuff.

Halloween eve. a chap commented on hubby’s 80’s BMW bike w/sidecar in the driveway. Said he’d love to a BMW bike. Hubby said “come & see me in the spring – I’ve one I’m ready to sell”. Woopie. A biking buddy bought a new BMW bike. Can’t work on it & he’s already had it in the shop twice costing him many $$$. Everything is electronic whereas the older bikes are not.

#165 DM in C on 11.02.13 at 4:04 pm

Mike:

Call you bank and stop payment on the cheque. Did you make an offer with a buyer’s agent? Where’s the person representing YOUR interest? Oh, you?

Get a lawyer friend to give the realtor a call.

Jeez man.

#166 Entrepreneur on 11.02.13 at 4:11 pm

#127 Mike: Tell the agent that you will get a lawyer if he does not cough up. This usually starts the ball rolling even if you don’t have or know a lawyer. Better still, tell the agent you will get “my” lawyer on it (make sure that you dressed to look well off & talk the part.). That really scares them. In the meantime, look further into how other people in the same situation handled it…google the problem. Hope this helps.

#80 DonDWest: I agree that the answer to earth and mankind problems are in the youth. The boomers are straggling the youth with their ideology from the top level on down. The problem will exist until earth has had enough which is already shown signs.

Occupy Wall Street movement has revealed that the 99% of the population are being ignored by the government. The 1% rule and control. This has being going on for some time even in when boomers where young but worse now and showing it.

As a society we, the boomers, should be fostering the youth to produce and flourish in our own communities. We are out-of-touch when we have big box stores, fast food chain, and big corporations. Where do we spend our money? Time to support small business with your money. Or are we too far gone?

#167 Ronaldo on 11.02.13 at 4:32 pm

DonDWest

”I’m finished trying to do things the “right” way; I’m now doing it your way with no morality strings attached – the only difference is I plan to do it better.”

”Now I’ll leave before I suggest we turn old useless boomer farts into fertilizer to improve the nation’s GDP. . .”

First, start by reading the book, “The Power of Positive Thinking” by Norman Vincent Peale.

As a boomer at the leading edge of this group and having two GenXer sons who are very successful businessmen who got where they are by tapping into this very large group, I suggest that you would be wise to do likewise. Garth certainly has.

The boomers are going to be around for a very long time with the youngest turning 80 in 2044 so why not take advantage of it.

I am certain that with the skills that you have in order to have attained top sales for the firm you were employed with that you could easily be successful by directing those skills into a business of your own.

I know of several young men, including my own sons, who left the comfort of being an employee to becoming the employer. This is where it’s at.

Bitching and complaining and blaming others for your problems makes you appear like a loser and I don’t think you are. I wish you the best.

#168 jess on 11.02.13 at 4:43 pm

.#149 Mister Obvious

hence the pecora commission

=====
who are consumers of choice ?
check this ad http://thesecondalarm.files.wordpress.com/2013/10/consumersforchoices2.png
http://www.thenation.com/blog/176854/predatory-lenders-fight-regulators-offer-500-visa-gift-cards

http://www.ag.ny.gov/press-release/ag-schneiderman-sues-western-sky-financial-and-cashcall-illegal-loans-over-internet

-violating New York state usury laws, which cap interest at 16 percent for such loans. In August, the Department of Justice began investigating a broad range of banks that handle payments for payday and installment lending companies accused of deceiving customers and charging predatory interest rates.

Regulators say predatory lenders are pairing to Native American groups to exploit tribal sovereignty.

#169 bigrider on 11.02.13 at 4:45 pm

# 158 Bi Curious on his hang up about being short ?

Nothing to do with Garth’s comment man. It’s what your boyfriend said.

Then again, maybe he wasn’t referring to your height. LOL

What do you have against women in the suburbs ??

#170 Shawn on 11.02.13 at 4:52 pm

DonDWest

Job loss is harsh. I’ve been through it twice years ago. It worked out well in the end both times.

I think perhaps the readers of this blog have some idea why you may have been let go despite being a top sales guy.

Perhaps they would have shipped you to India if they could. Just sayin’ because you have not come across as a pleasant person on this blog.

Life has never been without it’s troubles but few today would really want to trade place with previous generations if they really looked at how hard those generations worked.

#171 Meck on 11.02.13 at 5:24 pm

There are plenty of companies which are selling tiny houses. Tumbleweed is one that comes to mind. I first came across them about four years ago. The models are cute, but I’m only thinking of one for a bunkie at the cottage.

#172 Buy? Curious? on 11.02.13 at 5:28 pm

Oh, Bigrider, you make perfect sense. You said that some short man store was missing their maniquen @123 and then you assumed I had a [email protected]? Don’t be so paranoid. We’re all here to get free advice and make money. I love this blog! I get great links from other posters, tips on saving money and above all, a great daily laugh from Garth and his KY jokes. Don’t hate dude. Besides, I’ve knocked out more guys and slept with more women than you’ve had warm pasta meals. (6 guys in 28 street fights, won most, lost one, and 47 women, not including swingers parties). Don’t be number 7, you old diddy.

http://www.youtube.com/watch?v=HTN6Du3MCgI

Relax. Enjoy the blog.

#173 OttawaMike on 11.02.13 at 5:52 pm

Ever heard of tinyhouse.com?

#174 OttawaMike on 11.02.13 at 5:55 pm

Smoking Man
Your Mayor Ford analysis post is one of your best submissions here ever.
Keep those batman tips coming to.

#175 not 1st on 11.02.13 at 6:08 pm

Garth, I sold my house in cowtown too soon.

http://www.calgaryherald.com/news/alberta/Calgary+housing+market+soaring+with+sales+price+hikes/9112111/story.html

Too soon for what? Calgary prices are up 5% in a year. A balanced portfolio beat that. — Garth

#176 Mister Obvious on 11.02.13 at 6:19 pm

“The difference between now and the past is that the ancestors were dead due to lowered life expectancy. Today, the fortunate ancestors haunt you amongst the living due to increased life expectancy.”
——————————-

Yep, my generation, building upon research of previous generations is partly responsible for the extended lifespans and improved health from which your generation will certainly benefit.
Unless, of course, you wish to check out early.

—————————–

“Baby boomers didn’t have to compete with China and India to achieve their economic success. .”
——————————

No. We had to compete with our peers, and there were many. In 1970 I answered an ad to work in a pet food factory. They were offering five rare $5.00 per hour production jobs (shift work) lugging around animal carcasses. I thought I’d show up early and get a leg up. Seven AM wasn’t nearly early enough. They had already interviewed 25 people and about 50 more were still in line. The personnel manager came down the line handing out applications. He ran out of them just before he got to me. He said the jobs were already filled anyway but those with an application could file one for future reference.

Earlier, in 1967, I went to Port Alberni, BC to try to get work in a lumber mill. The methodology was to show up at the mill entrance with about a dozen other guys with your lunch packed and ready for a day’s work. About 45 minutes after the shift began the personnel manager would come out and tell us all to go home and come back for the afternoon shift.

Every once in a while they would select one or two and send them in for shift, usually to fill in for someone who called in sick. If you were lucky you might get a full week filling for someone on vacation after which time you were technically ‘laid off’ and sent back to morning/evening waiting game outside the gate. It was two weeks before I got a shift. I was then laid off weekly for the rest of the summer. I spent a lot of time peering into that office by the gate.

All of that was very typical of my first 10 years in the work force. I didn’t consider myself a member of the privileged class. I was bitter and snarly for most of my twenties and had a long list of ‘silent generation’ a-holes to blame for it.

But as I recall, they didn’t give a rat’s ass and there were no blogs to rant upon.

Say, do you like these hard luck stories? I’ve got a million of them. All true and personally experienced by myself in the heyday of boomerdom. Be sure to ask me about the cold war and the Cuban Missile Crisis. I could really go on about it given half a chance.

#177 Bigrider on 11.02.13 at 6:22 pm

Bi Curious.

Tell us more about yourself and tell is why you hate women.

Quit knocking out all those men. You can’t rage against your inner feelings.

Enjoy the blog too. You have much to contribute.

#178 TurnerNation on 11.02.13 at 6:54 pm

#130 Smoking Man on

It’s tit for tat. They wanted a war.

His Campaign manager’s words:

—————–
-A lot of people have the impression you ran a dirty campaign. What’s your reaction to that?

” The fact of the matter is, all your downtown champagne-sipping socialists can’t understand how some kid from Windsor came in and kicked the shit out of them. It happened. They should get over it.”

http://www.torontolife.com/daily/informer/from-print-edition-informer/2011/11/16/the-qa-nick-kouvalis/

#179 Andrew Woburn on 11.02.13 at 6:55 pm

#157 DonDWest

I am a pre-boomer and I have to agree that boomers had an easier time finding reasonably paying jobs. Boomers came of age when North America became immensely wealthy supplying rocks, trees, food and machinery to a bombed-out world that couldn’t provide for itself. There was a rising tide of young people needing houses. Household and government debts were low because decision makers were still scarred by the Depression and thought debt was a marker of foolishness. Automation and outsourcing didn’t exist and low skill jobs were plentiful and relatively well paid. My first real job was adding and cross-tabbing labour and production statistics for a steel company with a desktop adding machine. At 19 I was earning the equivalent of $30K per year and keeping 90% of it but if course there were next to no social programs. Gasoline was about $2 per gallon in today’s money. There were also a lot less people in Canada and far less concentration into cities so real estate was much cheaper. University grads were in demand because there were so few of them and admission policies were tough. That said there was a lot about that world that you probably wouldn’t like such as the stifling conformity and the career inflexibility and the lack of opportunity for small business entrepreneurs. Most of my contemporaries aspired to careers as “salarymen” for large corporations.

For the average working Canadian life was no more of a picnic then than now. People had to work hard and save hard to get on the housing ladder. Few expected to own a home before they were forty. The real advantage that boomers enjoyed was massive inflation that drove down the effective cost of their mortgages. Inflation surged after America abandoned the gold standard in 1973 and had to be clubbed into relative submission in the early 80’s. You were a winner if you got a mortgage before inflation really kicked in and you were also a winner if you bought your house in the high interest era because house prices and related mortgages were compressed downward by lower affordability.

I’ve been seeing a lot of “the greedy boomers ate my lunch” on blogs lately. It is strangely comforting. Every generation believes its parents are fools and its children are feckless. Like you, the boomers also believed they would never actually be old. I will therefore continue the tradition of giving advice to younger people who don’t want it. Don’t waste your energy hating the boomers. First of all, nobody has much real influence on society’s finances until they are at least 45. The oldest boomers turned 45 in 1990. This train wreck we are in started long before that. Second the sixties and early seventies were a one-off but nobody knew that then. Your real conundrum is technology which is massively eroding jobs and simultaneously opening global vistas of opportunity which were inconceivable in 1965.

#180 recharts on 11.02.13 at 7:01 pm

Again… I am not seeing that on MLS.
MLS rents per sqft semm to be flat

http://imageshack.us/a/img708/4968/fpx9.jpg

#142 Canadian Watchdog on 11.02.13 at 11:51 am
Craigslist GTA Average Rental Price Index – Chart

Oct YoY%

1 Bed 6.8%
2 Beds 18%
3 Beds 16.5%

On a quarterly and per square foot basis, one bedroom rental offers (Q3) was up 9.7% at $2.38/sq.ft. compared to $2.17/sq.ft last year. Two bedroom rentals increased by 9.1% at $2.21/sq.ft. versus $2.02/sq.ft. for the same comparable periods.

#181 Derek R on 11.02.13 at 7:01 pm

#88 Ronaldo on 11.01.13 at 11:28 pm wrote:
Talking about density. The entire world population would fit in the state of Texas with a population density of New York City. There is no shortage of land just yet.

Well, sure, you could do that. Of course a year later they’d all be dead from starvation. At the least each of them needs an acre of good farmland to produce food. So you’ll need a lower density than NYC and more land than Texas. Better land too. Desert and icefields aren’t that useful. So maybe there is a slight shortage.

#182 Daisy Mae on 11.02.13 at 7:29 pm

#13 Musty: “….and no strata council to deal with.”

**********************

And wouldn’t THAT be a blessing. These often self-appointed council members are on a power trip and, as a result, a real pain in the ass. Ours doesn’t know a thing about the law and even less about human rights. Not qualified. So the trick is to just ignore them. No, they won’t go away….but we can always hope.

#183 Ret on 11.02.13 at 7:30 pm

The Ontario Teacher Pension Plan increase for 2014 will be .9%. (The increase will be less for those who retired after 2009.)

The number is a Canada wide based number and is probably within .1% of what the OAS and CPP increases will be for 2014. The OTPP does their calculations using the same statistical methods with data as of Sept.30, about 3 months before the government plans.

http://www.otpp.com/members/your-retirement/reviewing-your-inflation-increase/2014-inflation-increase

#184 4 AM Sunrise on 11.02.13 at 7:33 pm

DonDWest:

I sort of understand where you’re coming from. During my few years in banking, I liked to ask about the career paths of my elders. A sampling of the responses:

In 2002, I got to visit some database administration department of a big bank. There were some old-timers who’d been there since the early 90’s. I asked about their career paths. “I dunno, I got a bachelor’s in philosophy, got a job at the bank as a teller, and now here I am.” From another: “I dunno, I got a degree in biology, got a job at the bank as a teller, and now here I am.” Did they have any career advice for me? “Nope. And by the way, we’re not expanding and we’re not hiring.” Who knows, they may have been outsourced by now.

Some days I felt like I was going to blow a fuse if I heard yet another story of, “I graduated from university, walked into a bank, bumbled into a job, and now here I am in management, 20 years later.” (Note: some of these old-timers were downsized recently.)

My Boomer mom’s first job in Canada was a bank teller. She had no previous experience in banking. Nobody in the mid 70’s told an immigrant, “we can’t hire you because you don’t have Canadian work experience.” Her feeling of that time was that jobs were freely for the taking.

I recently was in charge of training a new employee. She worked in data entry at a Big Bank for some 20 years until she got outsourced/downsized. She…er…didn’t know how to use a computer (I had to teach her to click on the ‘x’ to close a window), so goodness knows what her previous job entailed. Obviously we had to let her go. Last I heard, she’s living rent-free with family (she’s Asian) and helps to babysit her niece.

So I suppose in the early 90’s you could have walked into an office building and stumbled face-first into a “get your foot in the door” kind of job. But the game’s changed and we all gotta roll with it, and it looks like you’re thinking about how to do just that.

Though I think it says something about our wealthy society that there IS a cohort of mortgage-free, cash-rich Boomers (probably on defined-benefit pensions) who can provide for the Thing In The Basement that can’t seem to get a full-time job despite honest pavement-pounding. No wonder the participation rate is where it is. I know, because I used to live in that basement.

#185 Blackadder on 11.02.13 at 7:39 pm

A lot of fear and greed sentiments in the commentaries. Pretty typical for boomers.

#186 Daisy Mae on 11.02.13 at 7:40 pm

#24 Babble: “Like everyone else, he is convinced that interest rates will NEVER go up…”

*********************

How can anyone possibly believe that? Rates have fluctuated since the beginning of time. Unbelievable.

#187 Poorgeoisie on 11.02.13 at 7:50 pm

DonD, I know losing a pay check is painful. One time I was laid off by an automated call (CNR and yeah I went back when they called). Train driving doesn’t have a lot of transferable skills but I took that as a cue to gain more skills. I’m 32 now and have felt stuck behind the mass of boomers ahead of me. But in the end I can’t blame them for being born. We wouldn’t have done any different were we born earlier in other words you gotta play the hand your dealt. I agree there is a lack of sympathy by many who don’t recognize that their age group has put a little luck in their favour but who cares? you can’t eat sympathy.
My dad was a navy guy (and a boomer) he would say “smooth sailing makes for shitty sailors” don’t give up, take your idea and run with it.
Good luck
Smoking man, tiger is straight stealing your schtick. I for one appreciate the original but haven’t the stomach for a hackneyed impersonator.

#188 Daisy Mae on 11.02.13 at 7:51 pm

#46 will: “I think the house is kinda cool…”

*****************

Yeah….for about one hour.

#189 Westernman on 11.02.13 at 7:52 pm

DonDWest @ # 160
Yeah, we’re terrified kid, with your telemarketing skills
all honed and ready to go, try and leave a dime on the table for someone else…
look out world, here comes DonDWest with his telephone… hahahahahahaha…

#190 Daisy Mae on 11.02.13 at 7:55 pm

#58 Halifax Observer: “The bathroom is behind the couch. No joke, there is a build out for it in the picture. I would actually like one of these for the backyard.”

*****************

It would be great for weekend guests.

#191 john on 11.02.13 at 7:59 pm

DonDWest#80

You are bang on. This is the problem and reason why Canada is now forced to create the housing bubble/ponzi. What else would canadians do? Canada should be in a depression as we have shipped out many jobs. There is no more promotions once you get to high up they laid you off. I seem it all to many times people are number one and just before they are to move up they get canned and five young slaves are there to replace you and tell the new slaves that they can advance and make the big bucks one day……lol. now smart people understand this and don’t care about doing more then what is required and in many case don’t even do that. No point in working hard as that is for suckers. Only worm hard for yourself. Can you imagine how bad of a depression Canada would be with the housing bubble?

#192 bob Copeland on 11.02.13 at 8:32 pm

#157: easier my ass. I worked full time for Monarch Marking Systems, weekends at a Texaco gas station, delivered the Indianapolis Star newspaper from 2:30 in the morning until 4:00 Am and freaking sold blood once a week because I was gifted with A/B Negative blood. 5 kids. Maybe you don’t know how to be a man that accepts his responsibilities without whining like a [email protected]! I’m sick of hearing about “boomers” that had it made. We maybe had it made because we knew how to own up to our responsibilities. We voted for the same lying politicians you face today and we dug in little harder. Quit whining like a woman and take care of your responsibilities

#193 bob Copeland on 11.02.13 at 8:51 pm

#175: NO NO NO! We had it made remember! After the draft (lotto? WTF was that) we came home to nothing but begging for a job. “boomers” were “Lucky”! Lol

#194 Joe Vancouer on 11.02.13 at 8:53 pm

I had a ” density conversation” with a few real estate agents in Burnaby and New Westminster BC. They always stick to ” no more land to develop” and my argument always was that we are not India or Japan. There problems is : commuting. City of Vancouver is an epic fail, here the city planers are proud that a kid on a bike can get home faster than a car during rush hour!!! What they fail to see is that most workforce can’t bike 20-25Km each way and the milk/bread guy can’t bring it to them on the bike either. Translink is about a decade behind on planning, but they have $100K+ per year cops on top of security force .The board to run it is full of folks that know nothing about transit and most never used it….highly paid experts that will lead us into the future. I can’t wait.

#195 Smoking Man on 11.02.13 at 8:56 pm

#173 OttawaMike on 11.02.13 at 5:55 pm
Smoking ManYour Mayor Ford analysis post is one of your best submissions here ever.Keep those batman tips coming to.

….
I will keep them coming, bay street making a killing on my calls, wish some dwellers would grown some balls, and make some loot.

The post would have been way better if I wrote it last night when I was in the zone.

It was a hangover post, kind of sucked from the original in my brain listing to CCR.

note to self, always write when in the zone.

#196 Buy Curious vs Bigrider cage match!! on 11.02.13 at 9:28 pm

re #171 Buy? Curious?

hey there Buy my money is on you….Bigrider is full of hot air. What does he know?

You go girl!

#197 Babblemaster on 11.02.13 at 9:33 pm

#52 Smoking Hot – “Big difference dude”

————————————————————-

Of course there’s a big “obvious” difference. However, for the Bramptonian unde discussion, that’s his second US home that he’s bought. Mostly on credit. And he’s NOT stopping yet! He already has it rented and says hes getting a great return. He has no fear of debt because like most people, he’s convinced that interest rates will never rise. I now have to agree that he’s probably right. There is simply too much debt and a significant rise in interest rates would be financially disastrous for too many people. As such, the BoC and the FED don’t have the option to raise rates significantly. Garth says rate will rise and that they have already this year, but let’s get real, 25 points is nothing.

The point(s) I’m making is:
1) debt is massive everywhere
2) as such, rates can’t rise
3) people understand this and have no fear of debt
4) because they have no fear of debt, the market in Toronto (and many other places) has momentum
5) in the absence of a rate rise, there is no correction in sight and the housing market will continue rising

Garth has simply been wrong about rising rates from the Fed or bond market. And thus, a few examples notwithstanding, his call for a housing correction has been wrong. The average Joes that have bet otherwise have been right. And much to my chagrin, I now feel they will continue to be right for a long time.

You argument that rates cannot rise since people have borrowed so much is hilarious. — Garth

#198 Keith in Calgary on 11.02.13 at 10:00 pm

We have a word in Brasil for a neighbourhood of those kinds of houses………………

“FAVELA”

https://www.google.ca/search?hl=en&site=imghp&tbm=isch&source=hp&biw=1518&bih=691&q=favela+rio+de+janeiro&oq=favela&gs_l=img.1.2.0l10.1289.2089.0.3740.6.6.0.0.0.0.138.547.3j3.6.0….0…1ac.1.30.img..3.3.137.M02BdY4TBls

#199 Smoking Man on 11.02.13 at 10:12 pm

You argument that rates cannot rise since people have borrowed so much is hilarious. — Garth

Slight validity to babblemastrrs post.

Only two things that will make rates spike.

Zero unemployment, or 3 consecutive big trade surplus’s

Everything else noise….

Absolutely nobody credible says rates will “spike”. But they will grind higher. Borrowers need to understand that. — Garth

#200 Son of Ponzi on 11.02.13 at 10:22 pm

# 197
“Your argument that rates cannot rise because people have borrowed too much is hilarious – Garth”.
Garth, I think the poster is right.
Remember the saying: “if you owe 100,000, the bank owns you, but if you owe 1,000,000 you own the bank”.
In any case, like a drunk who’s had one too many drinks, this house of cards will just collapse under it’s own weight.

#201 -=jwk=- on 11.02.13 at 10:26 pm

Most municipalities allow you to build structures less than 100sf without any permits needed. That allows for sheds basically, but would also cover this. These could be a good cottage starter too, buy some land pop this on it for now, upgrade later.

You need an occupancy permit. — Garth

#202 Canadian Watchdog on 11.02.13 at 11:05 pm

Charts that make you go hmmm, like these two showing a downward trend in BC mortgages.

#203 Son of Ponzi on 11.02.13 at 11:06 pm

Talked to my realtor today about putting my outhouse on the market.
He said the market is hot right now, particularly for mine which is a Bauhaus, which is rare.
Says with a slap of new paint and some staging it should fetch about 50k.
I also had some people interested in renting it for about 800 utilities included.
Not sure which way to go.
Any suggestions?

#204 TheCatFoodLady on 11.02.13 at 11:37 pm

I had a careful look at the Nomad micro home & tried to see if I could ‘fit’ in there. I gave myself a scenario of being single & minimalist, working from home – telecommuting in some fashion & I tried to make it work. I “ran into problems” right away.

Walking in from a rainy day, where do I hang a wet coat… or dry coat or jacket? I might be able to squeeze a few pairs of shoes under the 1st step but boots?

Moving into the ‘space’, I may be minimalist but I have a few items of stuff – where do I put a handbag or shopping bag? Keys, sunglasses, a book? Clearly I’m either eating in bed or at my coffee table. There’s no room for any sort of side table & the coffee table is too small for anything more than an item or two. Fine – if you have a bit of space to put anything else – but you don’t. Flashlight, gloves, hat, scarf – no space for any of these or comparable items.

Moving into the kitchen – my kitchen doesn’t have a lot – I’m not gadget oriented but the micro home kitchen has room for squat. You might squeeze in a couple of small pots & fry pan, a few basic dishes to use to mix things or eat of off & utensils. Not a whole lot of room for manual can openers, mixing spoons & spatulas – again I personally don’t have many, (don’t need many), but there’s room but diddly in there. What about groceries? Where do you keep a few basic supplies – broom, a few rags, window cleaner & a spray disinfectant/cleaner? How about toilet paper & toiletries you don’t want getting soaked?

Where do you keep a spare set of bed linens, some towels & other bathroom stuff – makeup, perfume if you use it…

Moving up to the loft – again, I don’t have a ton of clothing but unless you’re into disposable clothing, you only have room for a few changes of clothing for one season.

Forget hobbies & interests or pets. A plant or two maybe – if you can put it in a hanger.

The clean, uncluttered lines shown in the pretty pictures won’t last a week – most folks moving into a place like that would desperately be looking for any wall space on which to hang some kind of shelving to put stuff & I’m not talking an excess of stuff but basic stuff.

This pretends to be a low eco-footprint home. Unless you live within a quick walk or bike ride from a grocery store, you’re going to be burning a fair bit of gas doing the daily or every other day shopping you need to do. Forget taking advantage of food sales or any other sale. Forget having a week or so of food in case of a storm or other problem.

Laundry – where do you do that? Sorry but I’m not stomping on my clothes in the shower to wash them, then hanging them to dry. Oh I’d hang them – do that now anyway in my extra room but hang them WHERE in that place?

As a female – how secure is that home? A lot of glass, a lot of points of entry. Where do I safely keep a bike if I want a bike for transport? This isn’t going to work in the boonies – too inconvenient, too isolated. It’s only going to work in the city if a bunch of these are clustered around a common amenity point including laundry, a guest suite or two & storage lockers among other things.

I’m all for living small – the Main Squeeze & I as well as 2 cats have more than enough space with a just under 700 sq. ft. apartment. We could easily go smaller if we had to but not that small.

#205 Bob on 11.02.13 at 11:44 pm

Lets face it..if you don’t know the secret handshake you’re just a poor pathetic punter. The house of cards will collapse as planned when we’re all into equities or RE. Money moves up the pyramid in each economic crisis, who benefitted from the 2008 economic crisis…wake up punters…it’s your blood sweat and tears that feed the system.

#206 Tony on 11.03.13 at 1:03 am

Re: #183 Ret on 11.02.13 at 7:30 pm

I doubt that as the teachers fund has no hedges in place for when the stock market collapses. They like the Canada pension plan will suffer irrevocable damage when the market collapses and flat lines for decades after that.

#207 Tiger on 11.03.13 at 1:09 am

Hey top sails man! Ever heard of becoming upper mangment their looking for go getters and producers hi achevers, just you the western man, you like any one must show some uncany abilities or u are in just the heard!!!! You are stunned by the light! Whear do u think all the hi up boomer jobs will go! Not to India ! But your class mates , that really gave a dam! Look what you can be rob ford mayor of Toronto does crack watch the vid! And if all fails for ya , theare is lots of Mac jobs out there , soon there will be none! Automation bro, just like self check out your gen screwed yourself ! Looking into a little scream won’t help you! The Indians are coming and you are dun, didn’t already say that!!!!

#208 Investment Virgin on 11.03.13 at 1:30 am

This would be perfect in the back yard for when the in-laws come to visit.

#209 Andrew Woburn on 11.03.13 at 1:31 am

The internet seems awash with people who predict runaway inflation and financial Armageddon when the US is forced to unwind Quantitative Easing. Obviously we should all be preparing for this if it is real so I began researching.

My overall conclusion is that nothing much is likely to happen. I can’t find an economist or banker who seems really concerned about negative effects. One of the more mind-blowing articles I read was, “Why Deficits Don’t Matter”. It’s a long read but it will probably change your perspective about government financing even if you disagree with the author

http://advisorperspectives.com/newsletters13/Why_Deficits_Dont_Matter.php

One interesting quote: “We act like there is some limited amount of money available,” says Kelton, “and that government competes for savings with the rest of the economy, and that too much competition for savings drives up interest rates, and higher interest rates crowd out all productive private investment. We act like the federal government is walking a fine line between solvency and insolvency – that if the debt gets too big, our creditors may begin to get nervous, downgrade our debt, our interest rates go up, and suddenly we end up like Greece.” Yes. So? “That picture has no economic meaning whatsoever,” says Kelton. “None.”

After reading it I finally grasped why the US is not at all concerned by the amount of its debt held by the Chinese government. If you prefer a shorter read about QE, I suggest the following:

https://www.creditwritedowns.com/2013/06/qe-the-expectations-fairy-and-other-bedtime-stories.html or

http://www.cato.org/publications/commentary/hyperinflation-no-inflation-yes

#210 Debtfree on 11.03.13 at 1:49 am

http://www.ted.com/talks/xavier_vilalta_architecture_at_home_in_its_community.html

#211 Tony on 11.03.13 at 1:51 am

Re: #175 not 1st on 11.02.13 at 6:08 pm

Take a good look at the size of the property tax hikes each year. There’s a city called Oshawa out in Ontario that is exactly the same. Prices there never rose for the exact same reason. Of course oil is in a freefall and when Iraq comes back on-stream at full capacity in the next 3 to 6 months oil prices will fall back in the 60’s maybe even as low as the 50’s. Commend yourself you sold at the right time.

#212 Yitzhak Rabin on 11.03.13 at 2:09 am

Cool Treehouse dude.

#213 World According To Garth on 11.03.13 at 2:20 am

Just in case some of you still believe in the global warming conspiracy.

http://www.climatedepot.com/2013/07/30/1122-record-cold-temps-in-the-u-s-in-one-week/

And yes……Garth IS right and interest rates will rise.

http://armstrongeconomics.com/2013/11/02/the-beginning-of-the-rise-in-interest-rates-is-here/

#214 Tiger on 11.03.13 at 2:22 am

The coyotes are really getting aggressive ! There is going to be a really good food fest happening ! Hey you can always get well fair and special needs care! Continue to milk the Brest western boy and dum de young in another time you would be. killed! Or put into an asslym called hell (woodlands) google it new west British Columbia that’s where you whining little people would be! If it weren’t for the boomers! To stop this ! You would not be hear any how! Any how dum d and western boy -you don’t have a clue

#215 Tony on 11.03.13 at 3:17 am

Re: #121 willworkforpickles on 11.02.13 at 6:00 am

Canadian mortgage rates are falling at present and when the October jobs report is made public expect them to drop even more. I’m hoping you’re right because i’d like nothing better than higher interest rates but right now i’m seeing the opposite.

#216 Bigrider on 11.03.13 at 8:02 am

#196 Bigrider verses buy curious cage match.

Go finish cleaning your pool or something.

#217 recharts on 11.03.13 at 8:47 am

Doesn’t make much sense. That should correspond to lower sales for BC. From what I hear this was not a bad year for BC. 2012 was a lot worse.

#202 Canadian Watchdog on 11.02.13 at 11:05 pm
Charts that make you go hmmm, like these two showing a downward trend in BC mortgages.

#218 willworkforpickles on 11.03.13 at 8:53 am

Tony #204 ….Fundamentals or even common sense stand for very little in Canada these days . The whole capitol market oriented system can be turned upside down in a flash where nothing is safe . The sound principles and factors behind keeping mortgage rates low that so many have gotten used to has created a false sense of security , and can and will be suddenly adjusted upward to fill the vacuum that has greatly expanded from prolonged low rates.

#219 Smoking Man on 11.03.13 at 10:09 am

The duschbagary of MSM

The wolf pack is out for blood, lets all pick on an easy target, the red faced fat bastard. He crimes, he’s homo phobic, eats too much, indulges in a bit of vodka and smoke. Lets get him, lets crucify him, take him down. He’s an easy target.

And them there is chief Bill Blair, the architect of G20, who’s officers trashed every single right of Canadians guaranteed under the Charter. 5 month of surveillance on Ford must of cost an absolute fortune. Why is MSM not asking how much did that cost.

The Toronto Star I am convinced must be a communist movement of some kind.

Nothing makes my blood boil than watching these parasites shoving there cameras in Ford’s face, and giving the blood sucking thieving liberals at the Ontario legislature a free pass and respect. This city is upside down. When these urban dorks are not busy stocking Ford they are crafting a new word for critical thinkers, Climate Change Deniers.
A feeble attempt at branding anyone who sees through the IPCC bull shit science with the same dogma as someone who is a holocaust denier.

Ford is a good man, he’s got a few bad habits but he’s real and where his heart on his sleeve. Unlike the rest of the city counselors who have hidden agendas to in rich their friends and families with out regard to any accountability to rate payers.

DON’T QUIT MR.FORD fight the bastards…………..

#220 Ronaldo on 11.03.13 at 10:44 am

#203 Son of Ponzie – ”Any suggestions?”

You might consider something like this.

http://cleverjoke.com/two-story-outhouse

#221 TnT on 11.03.13 at 11:17 am

The perseverance of free journalism

The truth seekers smells blood and Rob Ford makes himself an easy target. Why he’s not fit for mayor of this great city. He’s homo phobic, eats too much, and indulges in WAY too vodka and illegal smoke. Let’s show these great citizens of Toronto who he really is, as he makes himself an easy target.

And then there is Chief Bill Blair, the architect of G20, whose officers saved they city and protected every single right of Canadians guaranteed under the Charter.
5 month of surveillance on Ford was really on Sandro Lisi and worth every penny.

The Toronto Star was vindicated, great work Robyn Doolittle

Nothing makes my blood boil than watching this parasite smoke dope and ruin this great city stealing the spot light from the liberals at the Ontario legislature, they got a free pass.

This city is upside down. When these urban dorks are not busy supporting Ford they are crafting a new word for critical thinkers, Climate Change Contributors.
A feeble attempt at branding anyone who sees through the IPCC bull shit science with the same dogma as someone who is a holocaust denier.

Ford is a fat man, he’s got a lot of bad habits but he’s real fat and damages his heart. Unlike the rest of the city counselors who have real agendas to help this great city.

QUIT MR.FORD you are a bastard…………..

#222 Nemesis on 11.03.13 at 11:20 am

Finally! A TimelyTumescentTome… exclusively for Gentlemen!*

SaltyDogz… your completely OffTopic SundayBrunchZen…

[Salon] – The 10 strangest facts about penises [from Author Tom Hickman’s new book, “God’s Doodle: The Life and Times of the Penis”].

http://www.salon.com/2013/11/03/the_10_strangest_facts_about_penises/

BonusZen: http://youtu.be/kLNdMY1JlR0

*Ladies tempted to play GenderPeekaboo will undoubtedly be disappointed to learn that this is not an illustrated feature.

#223 CrowdedElevatorfartz on 11.03.13 at 11:21 am

@#219 Somkngi Mna

Rob Ford is a buffoon.
He is his own worst enemy.
The longer he stays in the media limelight the harder the inevitable fall….
The only thing more frightening than his refusal to resign his position …..is the Toronto voters that still root for him.

#224 scibadubadebumbado on 11.03.13 at 11:26 am

Could anyone tell me what market forces will push up interest rates?
How can you see it coming?
How much control does Government have on it?
It almost seems like some cabal makes up its mind to change the rates without any real reason or rhyme?

#225 noshredofdecency on 11.03.13 at 11:27 am

Don’t forget that during the time that FSR’s ( Floor Space Ratio..the minimum building space…reduced by 47% in Vancouver between 1980 and 2000…the genius creation of the concrete coffin) were shrinking in Vancouver and TO the wages of the elites in City Hall and Thralls who support their politics were all getting their wages and benefits trebled over the same period.

Ever ask why the Sky Train cops make $200K…the police chief makes $14K…more the same in NYC? Advisors in the mayors office are puling down $365K p/and thousands of civic workers are making double and riple of their private industry counterpart.

Juicing up the property tax revenue through the creation of micro condo’s filling once livable areas was a cash tsunami for the elites…the money certainly hasn’t gone into housing the derelicts in the DTES…not so good for the people who live in these crappy coffins.

#226 noshredofdecency on 11.03.13 at 11:29 am

BTW…the chief in Vancouver makes $314,000 p/…oposed to NYC’s at $200….Vanc is a stinky village compared to NYC…..any reason why CDN civil servants are paid so much?

#227 Smoking Man on 11.03.13 at 11:38 am

#223 CrowdedElevatorfartz on 11.03.13 at 11:21 am

Come on Fartz….

Buffoon?

You’re an Anti Fatso, :)

My litigious test for someone credible

If teachers hate him he must be good.

You missed my point.

Greatest crime against our wallets goes un reported.
The Mc goofy libs.

Priorities man.

#228 Ole Doberman on 11.03.13 at 11:39 am

Not a bad little unit, comes with a great view too! Well worth the money. And if you’re dating a midget she’d love it.

#229 scibadubadebumbado on 11.03.13 at 11:41 am

#219 Smoking Man on 11.03.13 at 10:09 am

The duschbagary of MSM

Until the day we recognize the right to privacy for all citizens including celebrities we will have the injustice of trial by media and real harm done to peoples lives before going to court.
We have no right even knowing what Ford does after 5:00 pm outside of City Hall unless he asks for coverage.
If the MSM had their way there would be cameras in every bedroom of celebs looking for those with Kinky Sex habits.
As a society we look down strongly on someone who peeps through windows at a neighbor who is undressing in their home. But we as a society approve of people who go out and buy the National Enquirer and the MSM to peep at celebs taking drugs or sunbathing topless!? Essentially we are paying photographers to peep for us!

#230 Linda Pearson on 11.03.13 at 12:03 pm

#221 TnT on 11.03.13 at 11:17 am

And then there is Chief Bill Blair, the architect of G20, whose officers saved they city and protected every single right of Canadians guaranteed under the Charter.

***************************************

Please tell me you are being sarcastic…otherwise you are deluded. If you truly believe what you said, then I suggest you get a copy of the Canadian Bill of Rights and read every word then commit them to memory.

I’m not a soft-on-crime neo-liberal. But I do expect those tasked with upholding (not just enforcing) our rights and freedoms to actually do so, not break those same laws willy nilly.

#231 Nemesis on 11.03.13 at 12:44 pm

How could I resist?…

[UK Telegraph] – Chinese architect defends ‘phallic’ £154m skyscraper: Critics say the new People’s Daily headquarters in Beijing resembles a super-sized phallus but its designer argues that “unexpected interpretations” are part of architecture’s beauty

“A modest design, it follows the traditions of a party newspaper.” Zhou Qui

http://www.telegraph.co.uk/news/worldnews/asia/china/10423537/Chinese-architect-defends-phallic-154m-skyscraper.html

[NoteToSelf: RobFord would probably feel right at home in that thing.]

#232 Shawn on 11.03.13 at 12:53 pm

WILL TONY BE RIGHT?

Tony has predicted 50 of the last zero market crashes and 50 of the last zero big increases in unemployment.

Keep at it though…

#233 CrowdedElevatorfartz on 11.03.13 at 1:22 pm

@#227 Smoking Man
Anti fatso? No way!
I have lots of obese friends.
And some of them smoke!

You’re just anti teacher ………. :)
And I dont have a problem with that…….

Enjoy the rest of Sunday…… winter is coming.

#234 CrowdedElevatorfartz on 11.03.13 at 1:28 pm

@#221 TnT
“Ford is a fat man, he’s got a lot of bad habits but he’s real fat and damages his heart. Unlike the rest of the city counselors who have real agendas to help this great city.

QUIT MR.FORD you are a bastard…………..”

++++++++++++++++++++++++++++++++++++

hmmmmmmm, methinks subtley isnt your forte’

#235 TnT on 11.03.13 at 1:29 pm

#230 Linda Pearson

Please tell me you are being sarcastic…otherwise you are deluded. If you truly believe what you said, then I suggest you get a copy of the Canadian Bill of Rights and read every word then commit them to memory.

I’m not a soft-on-crime neo-liberal. But I do expect those tasked with upholding (not just enforcing) our rights and freedoms to actually do so, not break those same laws willy nilly.

***********

My comments are more a facetious play on SM post however I think you are delusional when it comes to managing a mass protest such as the G20.

As a free society and one that has had peace for generations we in general don’t realize how quickly a protest can turn very violent. G20 had a small percentage of people who were intent of citing mass violence and fully understand how to quickly get chaos started when amongst the masses, The Southern Ontario Anarchist Resistance (SOAR) for example.

If there were no police present the city would have burnt down, people would have been beaten to death, women raped and property razed to the ground.

Willy Nilly is for Silly Lillies when you have a city to protect.

The fact we had a process review and some cops were charged proves we have a balanced system. I too expect a professional police force and Mr. Adam NoBody got his day in court and can continue being an Ass.

#236 Son of Ponzi on 11.03.13 at 2:13 pm

Had open house at my outhouse yesterday. The cul de sac was jam-packed. The neighbor is not happy.
He sold his out house as a doghouse recently for 200.
But was not a Bauhaus, anyway.
RE agent says we can expect multiple offers.

#237 MinInMission on 11.03.13 at 2:17 pm

Looks like enough room for a “2 place setting” of dishes, one couch, no stereo/speakers, the whole thing is the “media” room, very little room for clothes, no hanging closet, where is the furnace/air conditioner?

On the other hand, really easy to “up-size”. Even a decent RV is bigger and has more amenities!!

#238 World According To Garth on 11.03.13 at 2:24 pm

Your secret govt at work. They don’t care about you. They only care about their corporate buddies and bankers. Will your Garthfolio go up? Yes. But at what cost to your kids?

http://www.globalresearch.ca/protest-against-the-trans-pacific-partnership-tpp-secret-negotiations-behind-closed-doors/5352012

#239 Blacksheep on 11.03.13 at 2:57 pm

Andrew Woburn # 209,

“After reading it I finally grasped why the US is not at all concerned by the amount of its debt”
——————————————–
Yes, professor Stephanie Kelton and MMT.

This is the dirty little secret Garth often references, but never explains, when quelling fears of sovereign default.

Trouble is, it’s kind of a double edged sword.

Good news: As mentioned, debts don’t really matter to much, as long as the sovereign in control shows a little restraint in it’s spending adventures, you know, public perception and all.

Bad news: For the ruse to continue, the Cattle must be taxed, creating demand and thus perceived value for the almighty $.

Even with a global pool to disperse it’s $ into, the US is starting to create a problem with it’s debt, once again, perception is everything.

Kind of makes one reconsider reasons both, for and against holding Gold.

#240 Linda Pearson on 11.03.13 at 3:00 pm

#235 TnT on 11.03.13 at 1:29 pm

It may interest you – though not affect your opinion one bit – to know that my retired husband, brother and two cousins, all of whom were Metro Toronto cops, think Chief Blair should have been fired. Mind you, they were all on the force when police officers were expected to uphold the law not make it up on the fly.

#241 Smoking Man on 11.03.13 at 3:32 pm

#240 Linda Pearson on 11.03.13 at 3:00 pm

If what you say is true, there is hope. Blair slimy, hope other officers in the force are like your family.

#242 TheCatFoodLady on 11.03.13 at 3:34 pm

#236 – fantastic! Expect a vigorous bidding war. I’d insist on a clean offer – no inspection, no conditions. I’ll confess I snuck by & had a look. Your staging was brilliant; clearly appealing to aspirational buyers. No Readers’ Digest in your outhouse. Folks, this savvy seller had artfully fanned out copies of The Economist, Vogue and The New Yorker.

Only the best toilet tissue – some of that triple ply, quilted soft stuff on rolls big enough to use as a pillow. Was there a cheap brass hook on which to hang a bag or jacket? No – this brilliant man had a stunning brushed nickel special large enough to comfortably repose a lap top bag. Speaking of lap tops, the recharging port for cell phones & lap tops was the touch discriminating buyers insist on these days. The interior décor? A soothing wash of soft, buttery leather tones enhanced by exquisitely patterned bamboo flooring. The double walled construction ensures an environmentally stable evacuation experience & for those insisting on a pampered posterior – the padded seat was just the right, completing feature.

$50,000? Nonsense – such fabulous facilities in an up & coming neighbourhood are a rarity. I expect it to fetch north of $65K.

#243 TnT on 11.03.13 at 3:35 pm

#240 Linda Pearson

It may interest you – though not affect your opinion one bit – to know that my retired husband, brother and two cousins, all of whom were Metro Toronto cops, think Chief Blair should have been fired. Mind you, they were all on the force when police officers were expected to uphold the law not make it up on the fly.

*******

Fired for the G20 performance? Funny because I know more officers who think Chief Bill Blair threw some officers under the bus to appease the public than I do for being a heavy hand protecting this city.

Hats off to your family members for being in the line of duty. Best Regards.

#244 Beach Girl on 11.03.13 at 4:11 pm

I like it. Might buy 40 and rent the suckers out. Beach Girl will win. No lease, month to month perfect.

#245 cynically on 11.03.13 at 4:40 pm

Gee, Canada does have a colourful politician with some colour in his actions and reactions, not like all the colourless ones who roam the halls of Ottawa and all the provincial capitals. Lighten up folks.

#246 Valley Renter on 11.03.13 at 10:52 pm

As a renter in southwestern BC, I do hope your views on real estate are bang on as I hope to buy in a house in 4-5 years time.
However, I cannot help but wonder…with populations increasing, why the heck would prices go down? I am no real estate expert but I am just thinking the basics of supply and demand…we have mountains, the ocean, a mild climate…a lot of people in the world want to live here

#247 David on 11.04.13 at 1:09 pm

I don’t hate you as you post Mr. Turner, it is just that for at least 6 years you have been saying a correction in housing prices that will be severe will be happening. You sent me a reply that belittled my professional analysis skills several years ago. I was right, your were wrong. ONE DAY you most certainly will be right. Perhaps even in the next couple of years but you have been wrong for a very long time…I just do not think that a simplistic supply/demand equation relevant. Supply/Demand is the RESULT of factors that seem to not be part of your equation. This is why you have been wrong for so many years. Once there is a supply imbalance, the downside is apparent. Predicting it in advance is the art and science

#248 World Traveller on 11.04.13 at 2:54 pm

Maybe Top Gear can put it on a car.

http://www.youtube.com/watch?v=Yq6Qe4rFFJY

#249 Steven on 11.04.13 at 5:23 pm

I see a new product is available to real estate cultists/ speculators. Soon one or two zeroes will be added to the price and then people will have to move into dog houses hanging under helium balloons for a measely $25,000.00 each. I do hope I am joking about this.
Like I ‘ve said before the real estate market and prices are a financial and mental disease.

#250 Ron on 11.04.13 at 5:30 pm

Just think of the savings you will have in heating costs. Do a few sit-ups and you could heat the whole house with your body heat…

#251 Atul Sharma on 11.04.13 at 7:22 pm

You’re right to identify the extent of the data scrubbing practiced by CREA and others, which is a serious obstacle to understanding market realities. Nevertheless, your discussion seems to be accepting the idea that it’s ok to eliminate outliers in a statistical analysis. In truth, outliers need to be carefully examined to make sure their data are valid. If it’s impossible to say, they also need to be checked for influence i.e. the extent to which they effect the conclusions. If there is doubt, the analysis should be reported with and without the influential observations. But it’s never ok to eliminate outliers simply because they’re outliers. One neutrino going faster than the speed of light would be an outlier, but if real, it would be sufficient to demolish relativity. A. Sharma MD, MSc(Statistics)