You’re selling the house. It’s stressful. Realtors. Photo shoot. Drone. Room measurements. Listing. Showings. Questions. Then, sooner or later, an offer. Hopefully a decent one. You negotiate the price, conditions, deposit and closing date. Sign-backs take place. Each one constitutes risk, since the thing could be lost with the wrong response. Finally, a deal is struck. Relief. Closure. You have a firm contractual commitment. The buyer is legally snared. There’s a known date which determines the packing and moving. Now you can find other home and buy or rent with confidence. Yahoo!
But wait.
Soon a deal may no longer be a deal. At least in BC, where politicians can’t keep their fingers out of anything.
This week it became the first jurisdiction in Canada (maybe the entire world) to say buyers should be allowed to walk away from a legal commitment to purchase any residential real estate without cost or consequence. “The Province is introducing legislation that requires cooling off periods for resale properties and newly built homes,” says the NDP crew. Adds the finance ministress Selina Robinson: “With this step, we’re moving ahead to protect people and their interests in the real estate market by bringing in a cooling off period for homebuyers and looking at additional measures to ensure effective safeguards are in place.”
The facts:
- Buyers will be able to wiggle out of any agreement of purchase & sale within seven days of signing the contract. No reason needed.
- The province also wants to ban unconditional offers. Therefore no home would be sold without, for example, a professional building inspection.
- Consultations will take place on how to ban blind auctions and deal with multiple bids.
- Legislation making these things law will be introduced in a few months – spring of 2022.
“Oh man,” says a broker watching this unfold from Ontario. “What a shit show this is going to be.”
BC is trying to chill a market where prices have remained firm even as sales slow because of a dearth in inventory. Owners are not selling since they fear higher prices if they try to move plus there are vastly fewer listings to choose from. Now they’ve something else to be terrified of – going through an onerous process and snagging a buyer only to see him/her/they walk away because of vapours.
Given this legislation, a sale would not be a sale. No agreement would ever be firm again, until a period of uncertainty had passed – during which no other offer could be accepted. This poses big problems for deposits, which are often $100,000 or more and delivered via certified cheque into realtor trust accounts within 24 hours of an accepted deal. No offer is cemented until the dough changes hands. But if a buyer can quit just a few days later, that money must be processed and handed back. Have you ever seen an easier way to launder a hundred grand in a week? Me neither.
And what about multiple bids? If the ‘winning’ buyer suffers spousal abuse or gets the willies in a few days, does the seller get to choose the second-highest bidder? Or does the process start again? How about the lawyers? And mutual releases which are necessary for the return of funds?
It’s hard to see how any of this makes houses cheaper, which is the self-avowed goal of the Dippers in Victoria. But it’s not hard to imagine the added seller uncertainty would deter potential vendors, further reduce inventory and increase costs.
And what benefit does this confer upon buyers?
Hmm. Well, they get to make frivolous offers. They can be completely impetuous and irresponsible for a week without penalty. But should this change become law, they can also expect a whole lot more scrutiny from real estate agents and vendors before any offer is accepted. A financial/net worth statement perhaps? Proof of income and valid mortgage pre-approval? Employer’s letter? After all, in a competitive market why would a seller blindly accept an offer from some random dude who may end up being emotional, dodgy and gone? Meanwhile more serious buyers have moved on.
In short, this doesn’t empower buyers. It would likely make buying harder. Meanwhile it sure whacks sellers, adding a heretofore unknown level of uncertainty to the process. If enacted it would inhibit and complicate the marketplace, add to vendor stress and probably reduce the incentive to sell. Hence, fewer listings and higher prices.
And don’t get me started on mandatory home inspections. Most of them are costly, useless and without warranty or guarantee. Especially when conducted by the listing agent’s brother’s cousin who used to be a barista. Inspections are worthy, of course, but mandating them will add to the cost of home ownership without conferring a benefit. This law would make every offer in BC not only invalid within seven days, but 100% conditional upon a buyer’s approval of an inspection report.
More diddling. More overhead. More anxiety. Fewer listings. More money.
And less BC.
143 comments ↓
Just one more way left leaning governments assume the average citizen is not responsible enough to look after their own best interests. And by extension of that logic, the government requires the authority to control all aspects of life so citizens can be protected from themselves.
Buyers will be able to wiggle out of any agreement of purchase & sale within seven days of singing the contract. No reason needed.
I sure hope I don’t have to sing a contract. That would put everyone in stitches……laughing.
I don’t see the objection to mandatory inspections. It sounds like a great idea to me. In an overheated market, people make unconditional offers not because it’s a good idea but because they feel they have to.
You’ve often commented on how dangerous it is to buy unconditionally. Seems to me that it’s extremely unfair to force buyers to choose between that and loosing out to some reckless dingbat.
I heard that Scotland has mandatory property surveys in their real estate legislation. The requirements in their system would save some people considerable grief.
https://www.mygov.scot/buying-a-home/home-report
But but but the govt only wants to help…….
Speaking of govts needing help.
A fascinating prediction of various scenarios available to China if they decide to invade Taiwan.
https://www.reuters.com/investigates/special-report/taiwan-china-wargames/
About a 5 minute read.
Don’t worry Ponzie…
There’s pictures and diagrams to help you grasp the strategies.
A good rule of thumb to follow is; whatever government touches, government ruins. This doesn’t seem to be any different.
Have you ever seen an easier way to launder a hundred grand in a week?
Could it be that, perhaps, this was the goal?
V. good write up & well explained Garth.
Read about it this AM and could not believe BC was doing that. It’s not like they’re buying a gun * or something and need a cooling off period before.
Not called La La Land for nothing.
* My bad, financially they are.
No other interpretation possible.
Perhaps the seller will also get a week to change his mind without repercussion.
Who would walk away from a house sale when it’s so hard to even buy one giving low supply and high demand. If anyone is lucky enough to land a house keep it! I missed two launches in Milton of townhouses $900,000 starting. They sold out in an hour. If I had gotten one I wouldn’t have walked away lol. It’s like winning the lotto.
Speaking of the BIG CHILL…
Early November Cop26, Covid TRAVEL TIPS for Cdns travelling to EU + Brexit:
Pack Mukluks, N95s too.
Early Nov Snow Fall GFS, let it play out to the bitter end:
https://i1.wp.com/electroverse.net/wp-content/uploads/2021/11/gfs_asnow_eu_fh0-384-1.gif?ssl=1
“Are you kidding me?” my first thought to.
Little Tibet, Livigno Italia yesterday: 140 cm…more to come
https://www.youtube.com/watch?v=iOy4UdG-94s&t=1s
[Lefty Snowflake narrator has to admit that’s a lot of snow even for the Alps, pun intended]
It’s a lot worse than I report…Northern Africa, namely Morocco and Algeria, expect rare November flurries starting this weekend.
About the N95s:
https://i.imgur.com/tw4OUBB.png
Europa 4th Wave.
—————
Italia Winter forecast, hot – well, from the shin down:
https://i.imgur.com/TWhHCDE.png
Canada:
https://i.imgur.com/Bul5Arf.png [I liked Flaky for ON, Numb for the Prairies]
USA:
https://i.imgur.com/1YrToyu.png [W. Canada to invade Hawaii, E. Canada S-O-L with SE USA]
Mexico, Caribbean Covid Roulette:
https://www.youtube.com/watch?v=hdmb5NFiEW0
As a former decades devoted home gardener, Farmer’s Almanac trounces NOAA and Environment Canada in predictions.
— BUON VIAGGIO Canada
——-
PS:
Get better Premier John Horgan.
Here are your October real estate numbers for the Niagara Region.
Sept 2021-October 2021
New listings 994-865 down 13.0%
Sales 707-774 up 9.5%
HPI Benchmark price 657,400-679,400 up 3.3%
Days on market 20-19 down 5%
https://www.niagararealtor.ca/public/Stats/October%202021%20-%20Media%20Release%20and%20Stats.pdf
Yo.
Anti Vaxx’ers.
https://vancouver.citynews.ca/2021/11/05/bc-covid-denier-make-parhar-dead/
This decision should be filed under, ” We better make a decision before someone makes it for us.”
https://vancouver.citynews.ca/2021/11/05/canada-flag-remembrance-day/
Well if the Central Banks can make investing the past 12 years risk free, why not make everything risk free?
Contracts are a “guide” these days, not a firm solid commitment.
Like gambling is Gaming now…..it’s all just a fun game. Why can’t buying a house be guilt free nor have any consequences?
Justy doesn’t want anyone to lose and everyone to be happy and taken care of…as a result, his rose glasses “no one ever gets hurt in fantasy land” has spread to other politicians who want the same love he gets..and a longer time in office.
Couldn’t realtors get around this through different wording in the purchase agreement?
The blanket cooling off period rule is nuts, but mandating home inspections is a good idea. Upon acceptance of the deal ,the buyer should have a finite period (say a week) where they can choose to get a home inspection. If serious structural issues are uncovered that were not disclosed, the buyer should then have recourse to back out without penalty. That’s transparency, and the only sellers it penalizes are crooked ones. You shouldn’t be able to take advantage of a competitive market to avoid disclosing black mould in the walls or subsidence eating away the ground under the basement.
Moved out east(Nova Scotia) 12 years ago from Vancouver Island. Best decision I ever made, besides marrying my wife. I don’t know how people back in BC afford to live. Halifax area is getting pricy too, but nowhere near the absurdity of BC.This new policy the Dippers are implementing is for lack of a better word, retarded. Just sit back, grab some popcorn and enjoy the shit show I guess.
And get ready for big property tax increases on vacant cottages owned by inbred southern hillbillies from Oakville. No choice, after all the costs that have been added to our healthcare and infrastucture thanks to those escapees from the gta have to be paid for somehow.
We don’t care if the value of your cottage goes down. get over yourselves.
Winter is here.
Just.
Stay.
Home.
As I have said yesterday. Politicians will thinker, poke and probe and…….(drum role) achieve exactly nothing !
Canadian real estate valuations are systemic and thus cancer for our economy and our country. The longer we pretend it is not there (cancer) and it is not chocking the healthy growth of the economy and our country the worse it gets. To be fair we are not the only economy in the world with this problem. This is also the reason agents and owners believe nothing can and will happen AkA higher rates.
Real estate valuations must go down in order for our society to be able to survive and move forward.
Government has a choice of:
1) Crash the real estate market now with some sort of plan and we might just survive.
2) Wait for the crash to be forced upon us (by pretending the half measures will make the difference) everyone is going to be wiped clean
#137 Sail Away on 11.05.21 at 12:59 pm
#131 The West on 11.05.21 at 11:45 am
#102 BillyBob on 11.05.21 at 12:34 am
#21 Tiffany Pontes Dover on 11.04.21 at 3:42 pm
OMG, Billybob also used the “he’s rich” defence for his intellect. Not surprised coming from a guy who will be functionally replaced by an automaton in the next decade. Also this:
https://www.forbes.com/sites/lawrencelight/2017/06/13/why-the-secret-to-getting-rich-isnt-being-smart/
Regarding his substance abuse problems: like most/all of those in the world, it boils down to mental anguish I brought it up to illuminate that issue that he has. To me, it’s evidence that he’s got a guilty conscience or some other issue that he, a fricking psychologist of all people, can’t work out. It’s reasonable to suspect that his exploitation of the fame he’s garnered as the right’s smrt guy who speaks wordily about “cancel culture” among many of the right’s pet topics has caused him that anguish. Only he knows and a person who was a useful psychologist and one who is intellectually honest would tell you what was going on with themselves. He wont because it will cost him followers and $$.
The majority of people in his field and with a solid grasp of the philosophy and the ethics that he toys with (i.e. not me and certainly not any of you) see him as the charlatan that he is. No different than a drop-out like Elon Musk calling himself an Engineer when he has no such credential. They both are bullies and they both do great harm to the real pursuit of knowledge and the betterment of humanity.
Next time you watch one of his videos, look at how he comes across. To my eye he’s shifty and dissembling. He’s great at baffling an opponent, but that doesn’t mean he’s correct and that certainly doesn’t mean that his ideas should hold sway. Far from it. The stuff that he is promoting is backwards looking and would undo a lot of progress that has been made to improve the lives of women and other groups.
I love the tells like that in JP. Also like your alignment with other guys like Joe Rogan, Tucker Carlson, Andy Ngo or Elon Musk… There are numerous conservative thinkers who are very capable of presenting strong arguments for conservatism and presenting well thought-out policy backed by strong research, especially true for the fiscal conservatism that Garth promotes. These guys ain’t them. They are icons for fanbois and instantly reveal how quickly you will intellectually corrupt yourselves when someone comes along and says stuff you like. I’ll include Penny Henny here because she/he is a fanboi of the names at the top of this comment.
Jordan Peterson is. a. joke.
Hey Garth. I recently bought in Texas and they have a similar cooling off period. We did have to pass through more hoops up front, including proof of mortgage pre-approval but the system does exist.
Banning unconditional offers or mandating a valid housing inspection to be shared on request at time of listing isn’t a bad think imho – won’t make houses cheeper but will hopefully protect inexperienced buyers from being taken advantage of in a tough market.
Long term though, with the government’s stated goal of 100 Million people in Canada – we have to build, build, build. Let’s see how all that development fits into the climate agenda…
Fun times ahead.
Goody, another Non Finance Finance Minister.
Add unqualified Provincial FM and raise it biggly for the incoming Fed FM catastrophe. Double WHAMMY here on the left coast.
I’m a big fan of the Costanza Principle for the government: Look at what they want to do, and the opposite is probably the correct idea.
1. The BC legislation certainly falls into that category
2. Ditto with Climate Change Legislation
3. Ditto with the feds upcoming tax regs
4. Ditto with the feds upcoming housing TFSA for Mills
5. Ditto with all the private jets in Glasgow
6. Ditto with….
and on and on.
You think it would be hard to be as spectacularly wrong as the governments have been lately, but it’s actually quite easy.
Be bad at math.
Everything falls out from that.
If they want mandatory home inspections, then these “professionals” better be bonded and insured by an arms length 3rd party. As it stands now in BC, it is pretty hard to get compensation for incompetent or corrupt inspectors without buckets of money for lawyers.
For everyone who thinks there is still a lot of money sloshing around that just can’t wait ti be spent leftover from the CERB, etc…Think again…It’s aint happening down south.
https://www.zerohedge.com/markets/us-credit-card-debt-soars-back-over-1-trillion-covid-excess-savings-run-out
#11 Joe on 11.05.21 at 3:19 pm
Who would walk away from a house sale when it’s so hard to even buy one giving low supply and high demand. If anyone is lucky enough to land a house keep it! I missed two launches in Milton of townhouses $900,000 starting. They sold out in an hour. If I had gotten one I wouldn’t have walked away lol. It’s like winning the lotto.
++++++++++++++++++++++++++++++++
Don’t worry Joe. Someone will come along sooner or later and take your future away from you and make you into a housing serf.
Just hang in there and keep swingin’
#96 Sail Away on 11.04.21 at 10:47 pm
And if somebody shot my dog, there would be at least two bodies in the woods.
—
I’m very confused.
So, if someone shot a critter you would otherwise happily eat, you would commit what is a capital crime in your holy promised land of South Dakota? Is it because they would be jeopardizing your food supply? Or because you loved the critter? But wait, I love people and I wouldn’t eat people.
Oh, and this:
https://www.macleans.ca/opinion/is-jordan-peterson-the-stupid-mans-smart-person/
Easy just back date the offer 7 days.
#22 Faron on 11.05.21 at 3:38 pm
[a bunch of wordy diarrhea….]
——–
Small people denigrate the accomplishments of others.
#11 Joe on 11.05.21 at 3:19 pm
Who would walk away from a house sale when it’s so hard to even buy one giving low supply and high demand. If anyone is lucky enough to land a house keep it! I missed two launches in Milton of townhouses $900,000 starting. They sold out in an hour. If I had gotten one I wouldn’t have walked away lol. It’s like winning the lotto.
Xxxxxxx
So do you think it is ok for the realtor’s bil to run the price up on you, just for fun?
30 years ago, a full generation back in 1991 you could barely give houses away in south central Ontario for any price.
That recession thwacked the RE market mercilessly.
I sold a Toronto house i owned in 89 but witnessed the bloodbath that came thereafter first hand.
A recession that hit like that one will return with a vengeance again in a couple of years.
Although RE will come out of it in the end with a 30 percent haircut in prices, there will be an extended period where next to nothing moves (like it did in the early 90’s) and that’s a … being generous protraction. Very generous.
Money printing/creation will have its superficial temporary tapers….followed with re-startups cloaked in various names changes. But all the same adding to the national debt overall nonetheless.
All that heading into the days of steady inflation and rising interest rates. Nations (US/Canada) no longer able to borrow at artificially low rates anymore… and rates and recession will begin to look like the early 90’s all over. Again.
All that had been “different this time” these past dozen years will vanish into thin air.
It’s kind of like the episode of the Simpson’s where Homer appreciates the metaphysical beauty of watching someone else get a football in the ‘nads.
Homer proclaims, It just works on so many different levels!!”
Yes, Homie, it sure does!
This may just work. I had to diametrically opposed experiences this year:
1. We put an offer on a house that had an “offer date”. Because of competition, the offer had to be unconditional. To make this work, I had to conduct an inspection before the offer date, with zero guarantee I would win the bid. Thankfully, an engineering buddy did the inspection with me in exchange for a very nice bottle of Scotch. There was some weirdness in the house, including a loose furnace exhaust and a giant industrial fan in the laundry room. There was zero opportunity to ask questions or do additional due diligence, since the vendor was pretty much assured an unconditional offer. We put in an offer but were significantly outbid by one of the other five bidders. The vendor walked away with $220,000 more than they had paid for the place just four years earlier and was likely laughing all the way to the bank. For us, it was a waste of time and generally a very unpleasant and time-intensive experience.
2. We sold our condo privately. There is a statutory cooling off period. During this period, I took the buyers through the reserve fund studies, showed them the spreadsheets with annual budgets, explained the cash flow projections for future repairs, pointed out any idiosyncrasies in the condo declaration and explained in detail how condo insurance works. I also diligently answered any follow-up questions they had. The bought the condo at a fair price, in fully informed manner, and are quite happy with it.
The condo experience is really how these sales should be and I sleep well at night knowing we did not pull a fast one on the buyers, even though the sale was ultimately for less than we paid a decade earlier.
I am not sure society benefits when the rules of the game operate so as to ensure a maximum windfall for vendors at the expense of buyers. A cooling-off period would force vendors to actually engage in an honest discussion.
Could get the same bang with a conditional sale. Sheesh
And what’s the problem with this? Most stores have a return policy.
#29 Faron on 11.05.21 at 4:01 pm
#96 Sail Away on 11.04.21 at 10:47 pm
And if somebody shot my dog, there would be at least two bodies in the woods.
———
I’m very confused.
So, if someone shot a critter you would otherwise happily eat, you would commit what is a capital crime in your holy promised land of South Dakota? Is it because they would be jeopardizing your food supply? Or because you loved the critter? But wait, I love people and I wouldn’t eat people.
———
Self defense, clearly. Like Kyle Rittenhouse.
An erratic maniac violently destroying another’s property with a weapon obviously represents a threat. Especially in S. Dakota.
#31 Sail Away on 11.05.21 at 4:19 pm
#22 Faron on 11.05.21 at 3:38 pm
…the accomplishments of others….
—
Sorry for using big words.
JP has accomplished nothing more than a televangelist has. His money making comes, basically, from begging. Telling people what they want to here to make them feel good and safe all while removing any, even slight, chance of engaging with reality is a consistent money maker. Those with ethics won’t touch the model. Your heroes? For sure.
And some accomplishments actually harm people and deserve criticism. JP’s but also this:
Here a Tesla in “Full Self Driving” mode, that Elon has irresponsibly unleashed on an unsuspecting public in defiance of regulators, nearly kills its driver by swerving his car into the path of an oncoming car.
https://twitter.com/i/status/1456628357131644928
But, you are not originally from the US where being taught about the perils of late 19th century unregulated “accomplishments” and how those things resulted in death. Nor do you seem to recognize that fraudulent behaviour greatly escalates in late-stage exuberant market cycles. But, you also seem to think JP is a guiding light of intellectualism.
None of this is surprising. Disappointing, yes. Surprising, no.
Sail Away telling us how much his TSLA stock went up in 3…2…1…
#22 Faron
why do you work so hard to make the people who call you Foron right?
#22 Faron
Well that was a triade and a half.
JP famous now for his academic stand against the encroaching far left and humbling a Lefty UK interviewer.
He’s interesting enough but I have to tell you a boring lecturer, probably why he left U of T.
I challenge anyone to listen thru this for an hour:
https://www.youtube.com/watch?v=UGLsnu5RLe8
more fun yet…
https://www.youtube.com/watch?v=PH67HpFD2Ew
He’s since taken down his really boring lectures where he starts by saying he’s a boring lecturer. The prior 2 examples are his most exciting lectures ever, probably why they are still up on YouTube.
And yes, I sat thru and watched the lectures he pulled to teach myself what the ART OF DIRGE is all about.
Buyers will be able to wiggle out of any agreement of purchase & sale within seven days of singing the contract. No reason needed.
note that this by-law is already in effect for new builds: seven-day cooling-off option already in place for pre-construction sales of condos.
And how often would this ever happen? my guess not often../\. But in cases where it does there has to be some equitable way to resolve the issue. There should be some form of penalties for buyers if they negate the purchase.
The province also wants to ban unconditional offers. Therefore no home would be sold without, for example, a professional building inspection.
this adds what…. 1-2 grand to the sale price? I do have concerns on the quality of inspections.
“Oh man,” says a broker watching this unfold from Ontario. “What a shit show this is going to be.” not surprised
Happening because of all the whiners who did not do due diligence and got screwed?
This is Canada where we implement rules/legislation to address the faulters or the whiners for which everybody gets screwed.
#42 Dolce Vita on 11.05.21 at 4:47 pm
https://www.psych.utoronto.ca/people/directories/all-faculty/jordan-peterson
Nope, he’s still there. I’ve sat through and given numerous boring lectures. Not disqualifying.
#38 Sail Away on 11.05.21 at 4:42 pm
The tropes are strong with you, oh free thinking one.
Faron
Get help dude or walk away from this blog. I can hear you blood boiling in every post you make and I’m in Ontario.
#22 Faron
Jordan Peterson is. a. joke.
—————————————————
So true. It is a sad indicator of our times that people like JP and Joe Rogan get so much traction with the uncritical right-wing populist base.
Well all these home inspectors driving around using transportation method of their choice is opposite of good for global warming , ooops climate change now, name changed.
This is a job for T2.
#22 Faron…forgot
I like it that JP is Cdn and famous and thus I am torn about him.
Most people amazed by his 12 thingy book and even I took his 5 Aspects test and scored very high where I wasn’t supposed to in certain opposing categories that he preambled should not happen.
Then again, he is in a field where they get excited about an R-squared of 35% where in Engineering you’d say there is no relationship (35% considered a slam dunk in Shrinkology).
It’s “Know Thyself” opiate for the masses. It’s what he peddles successfully so esp. with the Righty’s.
If anyone has taken serious Shrink/Social tests, a battery of them like I have (6, each a few hours long) you will come realize JP is quite pedestrian but a nice enough guy that means well and has done well for himself.
The 6 tests?
Shrink/Social EQ, IQ stuff and big on the Higher Self that ALL talk about themselves as but only 0.02% of people are actually like what they describe themselves as. Did well in all 3 apparently, not that I care for the most part.
Still have a threadbare investment portfolio…so, you know.
*”But should this change become law, they can also expect a whole lot more scrutiny from real estate agents and vendors before any offer is accepted. A financial/net worth statement perhaps? Proof of income and valid mortgage pre-approval? Employer’s letter?”*
That might be a good thing to avoid liar loans.
#40 Faron on 11.05.21 at 4:44 pm
Sail Away telling us how much his TSLA stock went up in 3…2…1…
——–
Well, I don’t like brag, but… ok. Twist my rubber arm.
TSLA has doubled since March. My 8-year return since original purchase is 7,088.76%.
Surprised at the attention this is getting.
What actually happed is Selena was rummaging through the Legislature attic and found a journal written by Christy titled “ How to manipulate idiots and make them think you are on their side”
Can’t believe that we are so dumb, to pay a High Salary Based Government Board to set around & dream this stuff up.
Higher interest rates will enter the picture, destroying the Real Estate market in BC, than the same Board reverses their same dumb decision and it gets sucked up by people believing that this nice board have done us a great favour.
Higher rates are coming with the snow clouds, markets will slow, bank interest rises & the suit cases get packed and the walk always start.
Some joker named Dave Dingwall in the news for getting a 19% raise plus about $90,000.00 more for something to do with his work as Cape Breton Uni pres. Totals about 400 grand. His name rings a bell.
Ooof Peloton stock down 35% today. One of the darlings – that just happened to IPO before the Economic Lockdowns.
— Whaddayaknow – Propane futures trade, on the CME:
https://www.cmegroup.com/markets/energy/petrochemicals/mont-belvieu-propane-5-decimals-swap.contractSpecs.html
—Will oil make a run to $100? Higher oil prices mean more Karbon taxes for the governments. See how this game works.
https://finviz.com/futures_charts.ashx?t=CL&p=m1
—
—
— Pop quiz. What do Hawaii, Domincan Republic and Lithuania have in common. Random places eh?
ALL have the “green pass” QR code.
Are you getting the idea that every country, every leader is on board with this global rollout?
But you knew this already… from MARCH 2020:
#45 TurnerNation on 03.18.20 at 4:52 pm
Society wise: Some people say next up is this project https://id2020.org/ – seems a good time to roll it out…I mean they didn’t go to all that work for nothing.
I do get the feeling we are in Phase 1 so far
#38 Sail Away on 11.05.21 at 4:42 pm
An erratic maniac violently destroying another’s property with a weapon obviously represents a threat. Especially in S. Dakota.
—
No, it doesn’t. Not a lethal one. Not here. Not anywhere. Give your head a shake man.
What we are talking about is your tough-guy lunacy of professing to kill a human who lawfully disposed of your dog in a protected forest where the rules were hypothetically clear. This is made more complex because you gleefully bantered a couple years ago about eating said animal (but I guess that’s out of scope for now).
We aren’t talking about the P.O.S. Rittenhouse although I can see that you are trying to get a rise out of me by bringing up a polarizing figure/circumstance. Thanks but no thanks for the whattaboutism.
My favorite non-financial financial blog. A good week. OSFI finally relented and it looks like I’ll be getting a nice raise next year (bout freakin time). Bought 1000 shares of ENB yesterday and they’re up 3% today. Thanks Greta. Hope everyone’s having a great time in Glasgow.
So if the BC government imposes a law allowing a 7 day cooling period/walkaway, could a vendor legally include a clause where the bidder signs away their right to walk? If people can sign paperwork that waives their right to sue then seems to me a clause waiving the right to back out of a contract would be the answer.
#46 Flywest29 on 11.05.21 at 5:02 pm
I can hear you blood boiling in every post you make and I’m in Ontario.
—
Yes, people who shill for the alt-right looking for hand-outs and who promote harmful garbage and who casually toss off a promise to murder make my blood boil.
Maybe you should fly out here so you can hear the boiling more clearly? Some say it sounds like the flapping wings of angels.
Thanks as always Garth for the article. I practice R/E law in Ontario a few points to consider:
1) Vast majority of the time it will be the realtors not the lawyers who are going to be handling the return of funds / money laundering mess on a transaction where the buyer uses the escape clause – thank god for me / god help us.
2) In the before times when things like financing conditions were possible those were sometimes used as a shadow cooling off period clause – not actually that often thankfully as it is impractical most of the time for a seller to prove the buyer didn’t try to get financing as required – no financing waiver on the condition date and that was that deal dead.
3) I do worry about the unintended consequences / signalling that this law could trigger as (other than burning your relationship with a realtor) it sort of encourages even more aggressive bidding and price escalation as really Buyers now would be just initially bidding (risk free) on a seven day exclusive hold option to purchase – with this bit of additional safety offered by the explicit cooling off rights – folks might feel just that much more comfortable marginally increasing their offers – the result being we all collectively spin this whole silly R/E market even more out of control.
@#56 Faron
——–
Squirrel!
It’s been said:
Consumers get better protection when buying a 20 dollar toaster, than when buying a 2 Miillion $ house.
So from that point of view, the legislation would make sense.
But in this case, I’m a cold blooded Capitalist and say let’s stick with the buyer being aware and doing “due diligence”.
#45 Faron
Not disqualifying?
I’d rather watch paint dry.
Do you have a pulse?
Did you honestly sit thru and watch those lectures from start to end, 2 hrs worth or so?
Or, are you one of the legion 10 sec instant genius crowd that can click FF in YouTube and think they got the gist of it all?
If so, think less. Take Jordan’s The Big Five Aspects test and take note of your “Openness to Experience” and “Intellect” section scores (mine in the very high 90’s).
I also watched 5 other of his lectures. Learning Self torture/Self control in case one day I fall into the hands of waterboarders from a rogue nation.
——————-
Recall Tenure: doesn’t mean you are “really” there.
I had Tenure. Wasn’t there a whole lot. Neither is Jordan.
Click Past Events and see where U of T falls into the mix:
https://www.jordanbpeterson.com/events/
Hint:
Ctrl-F, “University” or “College”
Knock yourself out.
Dave Dingwall is entitled!
#54 Wrk.dover on 11.05.21 at 5:30 pm
Some joker named Dave Dingwall in the news for getting a 19% raise plus about $90,000.00 more for something to do with his work as Cape Breton Uni pres. Totals about 400 grand. His name rings a bell.
**************************
I knew he was a former politician. I prefer going from memory but…
Checking Wikipedia I see that he was the guy who said he was entitled to his entitlements. What a great line!
He was right but also so wrong.
Now I recall, I think he expensed a pack of chewing gum at one point.
“In the fall of 2005, Dingwall came under scrutiny for having allegedly made excessive expense claims while he was President of the Royal Canadian Mint. In the midst of these allegations, Dingwall resigned from the Mint on September 28, 2005.[4] When questioned while giving testimony before Parliament as to why he felt he should receive a severance package after the voluntary resignation, he remarked “I’m entitled to my entitlements.”
“At least in BC, where politicians can’t keep their fingers out of anything.”
—————-
How true.
The NDP is apparently even considering FORCING inspections as part of the sale.
Cue the Rolling Stones: “Time is on my Side”
Dolce – things that make you go Hmm. HIV drug they say?
“The antiviral pill, which is combined with a low dose of an HIV drug called ritonavir, can reduce hospitalizations or deaths from Covid-19 by up to 89 percent among high-risk patients, Pfizer said in a news release.”
https://www.nbcnews.com/health/health-news/pfizers-covid-antiviral-pill-may-cut-severe-illness-89-percent-rcna4593
—
— Of note posted here Jan 2021:
https://www.greaterfool.ca/2021/01/17/and-so-it-ends/#comment-761089
#106 TurnerNation on 01.17.21 at 7:37 pm
“Someone had a theory that CV could be like an aerosolized HIV. In that it weakens you such that you get something which is going around. Wintertime brings flu most readily. Others are not so lucky and have immune collapse due to more serious stuff getting them. As HIV would.”
—–
——
– Welcome to the New System, run totally by the Globalists’ companies. Remember, there is no more news, only Manufacturing of Consent.
.Pfizer board member Gottlieb says the Covid pandemic could be over in the U.S. by January (cnbc.com)
.Pfizer’s Covid antiviral pill may cut severe illness by 89 percent (nbcnews.com)
—–
—–
Life in Kanada. All FUN still banned. Comrades won’t you follow the Rules? Almost back 2 Normal guys!!
https://torontosun.com/news/provincial/make-sure-shoppers-dont-bring-home-covid-science-table
““Without public health measures, the risk of explosive outbreaks remains large despite vaccination,” the science table cautions in a report released Thursday:
“Activities such as singing, shouting, exercising and eating — which involve taking off masks — need to be carefully considered, the report says.”
My goodness, Faron you’re aroused more today that usual. Too bad you can’t exchange bile for money, you’d probably be richer than Peterson and Musk combined.
I wasn’t attributing their intellect to their wealth, by the way. I read that Forbes article when it came out years ago along with others that support it. That success is far more than just sheer IQ points is hardly groundbreaking.
I was simply pointing out that by any metric they’ve achieved far more than you, even though – according to you – they’re far less intellectually worthy. So instead of denigrating them for this reality perhaps you should be asking what the comparison says about you.
I realize your ego is too big to allow asking that question directly, but I’m sure it does sift through and this is why you’re so angry all the time lol.
What I do know for sure is, Jordan and Elon spend a lot less time, mental energy and teeth-gnashing angst on you than you’re devoting to them.
Like, none.
Might as well shake your fist at the sun and the moon, Faron.
#57 AntMan – good one (investment and your opening line, too funny)
#51 Sail Away – You dog, I hate you. Nicely done on TSLA, indeed. Phenomenal really. Elon may be weird to me but I love his swashbuckling style. *
More exciting than your picks, nail biting risk but hey:
USOI (ETN the new “Derivative”) +2% today, YTD 20.8% but to Retired Boomers like me, USOI monthly Div Yield:
21%.
SWEET.
So there.
A high risk success story from my threadbare portfolio, well so far.
——————
More TSLA growth to come I think with this besides the huge 100K unit fleet sale to Hertz:
https://www.google.com/search?q=tsla+switch+over+to+iron+batteries&oq=tsla+switch+over+to+iron+batteries&aqs=chrome..69i57.13118j0j4&sourceid=chrome&ie=UTF-8
Solves the current 5% loss in battery charge/year issue with the current batteries they use.
#22 Faron on 11.05.21 at 3:38 pm
Regarding his substance abuse problems: like most/all of those in the world, it boils down to mental anguish I brought it up to illuminate that issue that he has. To me, it’s evidence that he’s got a guilty conscience or some other issue that he, a fricking psychologist of all people, can’t work out.
///////////////
Since you are analyzing.
Is it possible that that your mom abused alcohol because she was feeling guilty that she brought a child into this world but did not have the compassion to love him until much later in life. Thus denying the said child a normal loving happy upbringing.
#120 Dharma Bum on 11.05.21 at 9:24 am
#88 Ponzius Pilatus on 11.04.21 at 9:34 pm
IHTC90
if you let a dog off leash and take your car into a forest in Austria, a Forester who is a guardian of nature, will shoot the dog and take you to prison.
———————————————————————————————-
Suddenly, I clearly understand 1930s and 1940s European history.
——————–
One of my high school buddies became a part time Foerster (park ranger) in Austria.
We often discussed the ethics of shooting “Man’s best friends” who’s running wild in the forest.
He argued, killing any animal is never easy.
But he said he’d rather shoot a potentially rabid predator, than later an injured and mutilated Bambi.
It’s a judgement call, but he says his job is to manage and protect the wild life.
CC: BILLY BOB
I disagree Blog God. home inspections are a very good thing.
When done by a good inspector. They are rare. – Garth
Ontario reports 563 new Covid cases, with vaccinated and unvaccinated cases almost equal now at about 45%.
259 were unvaccinated 46%
249 were fully vaccinated people 44%
15 were partially vaccinated people 3%
40 people the vaccination status was unknown 7%
So 50% of the cases came from 16% of the population? Thank you for drawing our attention to the effectiveness of vaccine. – Garth
#22 Faron on 11.05.21 at 3:38 pm
OMG, Billybob also used the “he’s rich” defence for his intellect. Not surprised coming from a guy who will be functionally replaced by an automaton in the next decade.
/////////////////
They were going to replace weathermen and climatologists with computers but they decided against it because it would be too accurate.
@#22faron
“Jordan Peterson is. a. joke.”
+++
Says the guy who thinks Justin Trudeau is great……
OOH, I LOVE THIS!
#22 Faron on 11.05.21 at 3:38 pm
Re Jordan Peterson
Next time you watch one of his videos, look at how he comes across. To my eye he’s shifty and dissembling.
///////////
To be honest I’ve only seen one of your video clips that happened to be posted on here but I can definitely say that you seemed more shifty than any other person I’ve seen. My dog, you can’t even look directly into the camera.
Can’t look me in the eye Faron, I’m betting you’re lying.
RE: #1″ the government requires the authority to control all aspects of life so citizens can be protected from themselves.”
Be that as it might seem to be it is academic as the government is too big and too bankrupt.
Citizens whether they like it or not have to think and act in their own interest with in their means without committing crime. Sure for some it sucks but that is the way it has to be.
It seems the politicians are taking shots in the dark, and are not sure what they’re trying to accomplish exactly, nor how to do it.
If the issue is buyers not able to make uninformed decisions, and investors chasing tax free capital gains, some suggestions would be:
-Full transparency to buyers on multiple bids
-Full transparency in housing market data
-Increase downpayment requirements to 25% for investors
-Some increase in tax on investor capital gains of properties (to focus on rent instead of capital gains as the incentive)
Are there any other ideas that fix the housing crisis with minimal diddling Garth, or do you think the best is do nothing and let the interest rate increases do their thing?
@#67 BillyBob
“My goodness, Faron you’re aroused more today that usual. Too bad you can’t exchange bile for money, you’d probably be richer than Peterson and Musk combined.”
++++
Apparently.
Being a famous climatologist in a ever warming world full of skeptics does raise ones level of bile it seems.
Perhaps Jordan could use him as a subject in a case study on toxic narcissism with delusions of grandeur.
Elon could just put him on the first rocket to Mars.
Daily weather reports from the Red Planet.
Fame would follow no doubt.
#63 TurnerNation
They’re trying all kinds of crap nowadays TN. I’ve lost track.
Antidepressants work
https://www.youtube.com/watch?v=qrYj5VJKLIs
Merk pill at end of interview or Deutschland has a bird, again
https://www.youtube.com/watch?v=LgidBCS2Nic
Molnupiravir, Italia’s turn to have a bird of excitement, sort of
http://www.rainews.it/dl/rainews/media/coronavirus-palu-aifa-terza-dose-vaccino-farmaco-Molnupiravir-43d30062-3676-4147-aee0-0aeb3c68abf5.html
The list goes on and on and on as you are well aware.
As for me, FFP3’s + hope AZ doesn’t wear off by the end of Jan 2022 when I get my booster (6 mo after 2nd dose). Plus lots of Vitamin D, not an issue in Italia during Winter, still take pills to make sure.
That’s it. Survive until it’s over, over.
Garth,
I break my self imposed exile only to tell you something I have told you before.
You’d have made a helluva lawyer. Poorer but a top shelf counsel.
Thanks for all you do.
See you again in about a year, if then.
WUL
M65Donkey Town, AB
#67 BillyBob on 11.05.21 at 6:27 pm
Focus flyboi, we aren’t talking about me. We are talking about JP and I added a few others into the mix that I view as frauds or hucksters or agitators or people who wish to commit manslaughter.
I will address your thin observations to ask if only people of equal or greater achievement or wealth are able to make statements about others? Not very democratic, is it?
By your logic of success and intellectual worth Trudeau has you beat handily. I’m glad I don’t accept that regime.
#69 Penny Henny on 11.05.21 at 6:58 pm
Clueless.
#74 crowdedelevatorfartz on 11.05.21 at 7:10 pm
Says the guy who thinks Justin Trudeau is great……
—
Weird, if I did why didn’t I vote for him? Keep up or get out pls.
#67 BillyBob
THAT was good.
I liked “shake your fist at the sun and the moon”.
That’s what Twitter is for and this Blog’s Comment section.
Heck, even Google agrees with you:
“shaking fist at sky meaning”
and for once, they don’t smoothly segue into some advertising, e.g.,
People also ask
What is it called when you can’t hear a sound?
#56 Faron on 11.05.21 at 5:32 pm
We aren’t talking about the P.O.S. Rittenhouse although I can see that you are trying to get a rise out of me by bringing up a polarizing figure/circumstance.
++++++++++++++++
Clearest case of self defence I ever saw. The wee lad will surely be exonerated. Apologies will be made but he will no doubt win his malicious prosecution case against the d/a and the city of Kenosha. Go Kyle! Make America safe again.
I think Australia has a cooling off period. How do they make it work?
Getting rid of blind bidding wars seems like a good thing. Buyers knowing what the highest offer is makes sense. Beat it if you want, but no need to pay 100k more than you have to because you have no idea where you stand.
When it comes to taxes, my Enphase Envoy, which logs the output of each of my solar panels every fifteen minutes, has documented 17,400 lbs. of carbon offset on the Enphase site, through my modem in 20 months.
Sounds like something of value even a Luddite might enjoy having soon. Or not, because spite. Luddites!
as dumb as this idea is, as in I have no idea who/how they think this will help, how can this be used to launder money…as long as the payment for the d/p is from a cdn bank and the re-imbursement d/p goes back to the same account? unless you think the original d/p was made in cash?
You have no idea what money laundering is. – Garth
#70 Ponzius Pilatus on 11.05.21 at 6:59 pm
One of my high school buddies became a part time Foerster (park ranger) in Austria.
We often discussed the ethics of shooting “Man’s best friends” who’s running wild in the forest.
He argued, killing any animal is never easy.
But he said he’d rather shoot a potentially rabid predator, than later an injured and mutilated Bambi.
It’s a judgement call, but he says his job is to manage and protect the wild life.
—
A friend used to work for Parks Canada in Pacific Rim. I went to visit with my sister and her dog a decade ago and we were very surprised that dogs couldn’t roam the beach freely there. In Oregon, the beaches are dog heaven. Endless miles of flat beach to roam. So many good smells.
Turns out the number of snowy plovers and other shore birds killed by dogs is massive. If baby seals are hauled out on the beach, dogs can and do attack or harass them potentially to death (that’s why beaches in town are closed to dogs during certain seasons). Once I learned this, it made sense to me. I’m more careful now. Although, basset hounds aren’t known for their stealth…
Frankly, the fetish of people treating their dogs as co-humans is super screwed up. Fur babies and all the language around it. Yes, they are wonderful creatures and deserve love and protection. But, they are also dogs. They are parts of the family, but they are not humans. Shoot, some people even eat them I hear.
In the Austria case I would guess it’s pretty damn rare that a dog is shot and I would prefer that not to happen. But, very stiff penalties for freely roaming dogs in areas protected against them is a no-brainer. If fido gets shot because its killing wildlife? Well, that’s the law. Maybe a felony revenge killing of a federal employee isn’t an equable response? Just me though. I mean, I’m to sumb to get JP. Whadda I know?
#76 Penny Henny on 11.05.21 at 7:16 pm
#22 Faron on 11.05.21 at 3:38 pm
It’s a physical expression of a stutter that gets worse when I’m in front of an audience, potentially, of millions. I regret saying that about JP to this crowd although I do read his body language to be shifty and deceitful.
We already have a 10 day cooling off period in Ontario for pre-construction condo purchases during which a buyer can walk away from their purchase.
The resale market dwarfs the new-condo one, and vendors are individuals, not developers. – Garth
https://www.tricitynews.com/local-news/coquitlam-property-taxes-set-to-spike-about-5-a-year-for-the-next-decade-4715125
Here’s and idea! How about EVERY VENDOR must provide a current (90 days or less) HOME INSPECTION available to all potential buyers. The home inspection company is now on the hook for any oversights…and i can bet they will be VERY particular about the details of what they find. The VENDOR must then disclose and or correct before they list if they want a sale. Just add it to the cost of the COMMISSION…mice nuts. Now there is transparency. Besides it is ridiculous that every buyer would have to go out and get another inspection done.
Family Feud, Canada.
ROGERS.
That’s what happens when there’s Billions involved.
Siblings sue siblings. Parents sue kids.
Tying up variable court time.
Disgusting.
Greed is what greed does.
Mandated home inspections will undoubtedly lead to some sort of increased licensing requirements.
The seven day period will allow buyers to make multiple bids and then decide later which one to keep, unless there is some sort of legislation against that too.
I wonder who it is that the BC government thinks they are helping with this? Is there a large problem with people regretting their house purchases? Why is the legislation only for buyers, why can’t sellers also have 7 days to change their minds?
What ever happened to adults being responsible for their actions? I mean it’s not like you can’t forgo your deposit or sell the house again later if you really don’t want it.
Once again, we see that government solutions, even to problems that don’t exist, always make things worse and create new problems.
Hmm, no comments on Blind Bidding. I wish they would do that soon!
Faron is the most reasonable voice I’ve heard on this blog in years. Thank you, and keep up the honest efforts in challenging what too many here view as “normal”.
So many of the rest of you are just completely whack-job alt-right trolls, totally unaware of your narrow and bigoted political and social views. You come here to give comfort to each other, it seems.
Too often it feels like the comments section here is about 98% white, neo-conservative males with nothing else to do in life.
Dudes, you are way out of touch with reality. Go ask your mommies.
You have no idea what money laundering is. – Garth
—–
you didnt answer the question, and yes I do AML for a living, albeit not in banking or real estate, but in precious metals. I have a CAMS designation.
Tell me how a d/p from and back to a cdn bank account in the name of the buyer is facilitating money-laundering.
If the funds are the proceeds of crime the laundering was done already before the d/p and refund was made
Memo to self: never hire this guy. – Garth
#85 Yukon Elvis on 11.05.21 at 7:56 pm
Cowardly shooting an unarmed man?
—
#38 Sail Away on 11.05.21 at 4:42 pm
So, that’s a lie:
Sturdy conservatives supping at the Fox News trough. Yuck.
On the vaccine, Dr. Tam was just on the news stating that they’ll revisit the “negative PCR test requirement” to re-enter Canada.
Hope they’re working OT this weekend.
I’m heading to US on Monday!
Mandated home inspections?
Heard from a case where a plumber flushed a few toilets.
Took some pictures.
And charged 500 in beaver money.
Would be another gold mine for them.
Can’t say it often enough:
Tax them hard and tax them often.
#74 crowdedelevatorfartz on 11.05.21 at 7:10 pm
Says the guy who thinks Justin Trudeau is great……
—
Weird, if I did why didn’t I vote for him? Keep up or get out pls.
Because you don’t live in JT’s riding.
On the subject of Jordan Peterson. If you need an idol, get a dog. Think for yourself.
#29 Faron on 11.05.21 at 4:01 pm
You are aware that Tabitha Southey is a humorist, aren’t you? And that people who write humor put being funny first? This is kind of like trying to bolster a serious argument with a reference to a Jon Stewart sketch.
Boy, did I take a crazy risk in posting a comment here. Raising my head above the parapet and risk taking a 160 grain Nosler Partition in the noggin at 2900 ft/second in the whirling, hot, whistling lead flying everywhere between Faron and his pals. Never again. I may be old, but I don’t think I’m stupid. Yet.
Sail Away will understand the ballistic references.
Adios muchachos and muchachas. Take good care. I’ll see you all down the trail.
#3 Bob on 11.05.21 at 3:07 pm
I don’t see the objection to mandatory inspections. It sounds like a great idea to me. In an overheated market, people make unconditional offers not because it’s a good idea but because they feel they have to.
===
Let’s see how it works in practice though. Even if the mandatory inspection finds serious problems, buyers are allowed to go ahead with the purchase. In an overheated market, they might ignore the problems and buy anyway, for the fear of not finding another house within their price range.
#104 Kurt on 11.05.21 at 9:18 pm
#29 Faron on 11.05.21 at 4:01 pm
Jon Stewart sketch.
Just because it’s satire, doesn’t make it any less true or cutting. I would kill (I mean, not Sail Away kill or Rittenhouse kill [twice] ’cause that would be crazy) to see John Stewart debate JP.
—
#102 heloguy on 11.05.21 at 8:55 pm
Because you don’t live in JT’s riding.
Ha, true. Well done. But, you know what I meant. Does anyone in Canada actually vote for their MP?
100 Barb on 11.05.21 at 8:51 pm
On the vaccine, Dr. Tam was just on the news stating that they’ll revisit the “negative PCR test requirement” to re-enter Canada.
Hope they’re working OT this weekend.
I’m heading to US on Monday!
—————————
Don’t expect us to come down guns a-blazing and rescue you when stuck in Dodge City.
Foreign services says:
Situation is changing daily. All Canucks stuck on foreign soil cannot expect Embassy help.
Busy getting the Afghans out first.
The inbred cottamaniac detected on Petri dish #20. A good dose of sanitizer, please!
@#97 Crabbytown Carly
Congrats!
You managed to post more than 10 words …. without being DELETED.
And it appears you still come here to read and listen to “98% alt right losers with mommy issues…..”
And you call us weird.
#108
Fair enough.
Unless there’s an Embassy near the shops…
Purpose of trip: To avoid ANY T2 news/blatherings.
Escaping that for an entire week!
Priceless!
Common sense is a commodity that is scarce and can not be bought – grow up and be accountable meh
I can only assume from the plethora of Faron posts over the past few days……
The bathroom reno is complete?
Good home inspection people are very rare. And a great deal of what goes wong with a house over time is hard to see until the siding and drywall is stripped off. The stuff you can see is in most cases superficial and reasonably easy to repair. The serious stuff is often hidden unless you start to knock stuff apart. My current house looked pretty good 25 years ago when we bought it. Lots of “renovations ” to cover up the real problems. { it’s a 85 + year old farmhouse } But after several years the real story became more and more visable. Some serious structural reconstruction over the last 15 years. Good old B.C. rainforest.
Further to my question for Faron yesterday regarding forestry practices, and for those who may be interested in carbon sequestration in forests and how it can help mitigate climate change
https://www.youtube.com/watch?v=GC54Y8zXXl4&ab_channel=ForestConnect
I found the most interesting part starting with speaker Bob at 29 minutes.
IHCTD9 – light up that pellet stove!
#97 Cabbagetown Carly on 11.05.21 at 8:30 pm
Faron is the most reasonable voice I’ve heard on this blog in years. Thank you, and keep up the honest efforts in challenging what too many here view as “normal”.
So many of the rest of you are just completely whack-job alt-right trolls, totally unaware of your narrow and bigoted political and social views. You come here to give comfort to each other, it seems.
Too often it feels like the comments section here is about 98% white, neo-conservative males with nothing else to do in life.
Dudes, you are way out of touch with reality. Go ask your mommies.
==========================================
And you are here because…?
“Reasonable”? hahaha! C’mon. Even Faron has admitted he’s just here to troll like a mofo. Even HIS ego isn’t so grandiose he could really believe angry tantrums, insults, and sneering condescension are the path to winning hearts and changing opinions.
You mention people with nothing else to do in life. Your hero posts more prolifically than any one else here. Work it out.
A truism of human behaviour is that it doesn’t matter how smart you are (or think you are), people just don’t give credence to unpleasant personalities. But they’ll listen to stupid people if said people seem affable enough. (Exhibit A: Justin Pierre James Trudeau.)
Unfair, illogical, but that’s human nature. Hence Faron, though well-educated and purportedly intelligent, is doomed to shake his fist at the sky for eternity with no one paying him any more attention other than to mock his opinions. Such is the price of having such an unpalatable persona.
Fortunately he seems to enjoy it. Like a dog retrieving a stick, can do it all day (and does).
Equally pointless. But it’s his (or his employer’s) time to waste. *shrug*
A simple alternative: the buyer must be permitted the conditional right to pursue conduct a home inspection following the acceptance of an offer to purchase. The buyer can choose to waive this, but such choice is only legally binding if made *after* the offer was accepted.
This eliminates conditional offers without actually mandating that the inspection take place.
#70 Ponzius Pilatus on 11.05.21 at 6:59 pm
He argued, killing any animal is never easy.
——–
Agreed.
It’s particularly hard when they’re spooky and flush wild instead of holding for point.
#118 Sail Away on 11.05.21 at 10:35 pm
#70 Ponzius Pilatus on 11.05.21 at 6:59 pm
He argued, killing any animal is never easy.
——–
Agreed.
It’s particularly hard when they’re spooky and flush wild instead of holding for point.
+++++++++++++++++++++
Was out in the woods one day about 30 years ago. Ran into a CO and had a chat. Mentioned that i had seen a couple of dogs chasing deer. He told me to shoot them if i saw that again. Said i wasn’t sure if they were feral dogs or just domestic dogs with irresponsible owners out for a run. He told me it did not matter, just shoot them cuz they run the deer to exhaustion or hamstring them and they die. I didn’t ask about legalities but i sympathized with the deer. Did not see that again so i was never put to the test.
#62 Ponzius Pilatus on 11.05.21 at 6:00 pm
It’s been said:
Consumers get better protection when buying a 20 dollar toaster, than when buying a 2 Miillion $ house.
So from that point of view, the legislation would make sense.
But in this case, I’m a cold blooded Capitalist and say let’s stick with the buyer being aware and doing “due diligence”.
——————————————————————
Wow, that’s profound paunchy pilot
Here is a thought; what if we’ve got it all backward?
What if it is the inflation that is causing the supply shortages instead of as they tell us it being the supply shortages and backlogs that are causing the inflation?
I mean isn’t that they way it usually works? Inflation first, then shortages?
In order to hoard that toilet paper, you first have to have some money.
I think it makes some sense that supply shortage cannot cause inflation by themselves, because without more money people would be forced to buy less as prices rise. It should be somewhat self correcting. If there is only so much money then only so much can be paid. So a shortage should cause prices to rise a certain amount and then stop as people were priced out.
But inflation causes all kinds of problems. Now there is all this money, so prices can be bid up, but nothing to spend it on.
Cooling off period would be good. This comment of yours is interesting.
****
But should this change become law, they can also expect a whole lot more scrutiny from real estate agents and vendors before any offer is accepted. A financial/net worth statement perhaps?
*****
I just went through the new build buy process and my bank covered their ass everywhere to provide proof of everything. Glad I closed mid Oct before the rates went up.
Point is. The banks IMO are making sure people can afford their mortgages.
I’m modest at a 1/2 million purchase. Don’t know how people can afford one million + but there6s a lot of them it seems. Normal Canadians don’t have this type of money. India and Chinese are abundant in the hood. Somehow they figured out the secret how to do this.
#128 IHCTD9 on 11.05.21 at 11:21 am
“I’d pass on a gasoline genset. The fuel doesn’t last long, and the carb doesn’t remain unplugged if not run regularly on today’s petrol. I’d go with diesel, Propane, or an off the street NG setup.”
For most people simple is better. The way to manage modern ethanol gasoline is simple. Fill your jerry cans prior to winter (about now). Come spring put the gas in your car or your lawn tractor. Do not fill the generator unless you plan to use it. And of course fuel stabilizer.
If you are fortunate, the generator will never see a tank of gas. But if you do use it either for an emergency or for other reasons because you have it then always run the carburetor out of fuel when done with it. (Shut it off using the fuel valve, not the run switch). If there is gas in the tank drain that out and put it in your car.
Many generators are available that run on either gasoline or propane (dual fuel), and the odd model will run on natural gas as well (tri-fuel), but you pay more for those. Propane is nice for storage because the propane lasts longer than the bottle (10 years for the bottle, propane indefinite it does not break down). Natural gas is nice because you can hook your generator right to your BBQ outlet and run it indefinitely, assuming the gas stays on (which it usually does).
Both propane and natural gas burn extremely clean and will not fowl the generator. But having gas as an option is still good for most people.
My generator is tri-fuel. If I need it and the gas is up it will be running on natural gas, 24/7 with no refueling. Nice. I also have some propane and gasoline around. I need the propane for the RV anyway so I just make sure it is all full prior to winter. And the tractor easily uses up the gasoline every summer.
Diesel is nice but these are usually large, noisy machines and very expensive. And pretty much impossible to find right now unless you want to go to a trailer mounted construction generator for north of $5000 for a well used one. Most people aren’t going to do this for something you hope you never need. Maybe a farmer might.
Wood gas? No.
So the order is, depending on how much money you have:
Gas generator, 40 liters of gas, rotated
Gas inverter generator, 60 liters of gas, rotated
Duel fuel inverter, 60 liters of propane
Tri-fuel inverter, 40-60 liters of propane
#124 IHCTD9 on 11.05.21 at 10:15 am
#118 Gravy Train on 11.05.21 at 9:10 am
#169 IHCTD9 on 11.03.21 at 11:30 am
“My beef is your long-standing tendency to talk about the benefits of your solar array while allowing the reader to assume it is a stand-alone system.”
How can my solar array possibly be a stand-alone system if it’s only producing half of my electricity? Your reply isn’t even logical.
____
Hahaha, few if any stand alone systems produce 100% of the required electricity. There’s normally a diesel genset tucked away in the garage, and a big propane tank out back…
————————————-
Despite the assumptions of some of our more autistic friends, I have done some experimentation and research on solar. Here are some things I have observed:
– Without a major battery installation a solar system is useless. Grid tied solar uses the grid to act as that battery and has zero independence from said grid. In most cases if the grid goes down so does the solar, even if it is sunny. The house is in no way independent.
– Batteries easily double the cost of solar over the life of the panels.
– As more people add solar, eventually the grid balancing will not be free. The grid operator needs to keep enough capacity online as if you never had solar at all just to power your lights at night. That capacity must be paid for somehow. Right now they subsidize it in the name of green but that cannot be maintained once everyone and their dog has solar.
– Even with batteries you need backup generation or the grid. A battery system that lasts more than a day or two is hugely expensive and takes forever to charge while the solar is busy running the house. The batteries are mostly for night.
– Without the grid tie most solar systems are under built by half. A stand alone system needs to run the load in the day but also charge the batteries for use at night.
– Most solar houses, even those that do have batteries and enough solar to charge them so they are truly stand alone, run the furnace, hot water tank, stove, and often clothes dryer on natural gas or propane, significantly reducing the total amount of energy used that needs to come from electricity. In this way the stats on energy savings by using solar are usually exaggerated by 100%.
– Forget A/C. It just can’t be done. And home charging for your electric car. Well, I suppose if you had enough land you could put in a 2 acre solar array and run the air conditioner and charge the car at the same time. Assuming the car is at home during the day.
Solar, as a stand alone solution, just doesn’t work.
I for one totally agree with this government overreach in the real estate sector. Here’s why.
1) makes life a lot harder for flippers
2) makes the realtors ‘honest’ and during those 7 days they can post a mandatory ‘under offer’ comment in the MLS listing
3) dirt bag sellers who will now be responsible to at least try and fix their homes instead of dumping all the issues they have neglected possibly for years and trying to get a premium in this broken process of buying without any conditions of an inspection. This is a big win for consumers.
(Just think about it, when potential buyers are now able to say ‘no thanks’ for a rotting house will make others question why the offer was not completed. Buyer beware!
4) Selling realtor will now have to disclose more info once the hidden issues are brought to the attention of the seller.
Transparency has always been the real issue for the realtor association. They have gotten away with financial murder for far too long.
5) I personally would of added a few more rules to get rid of the slackers in the realtor field.
Over the years we have found home inspections to become more and more of a joke. They don’t go on roofs or under crawl spaces. Aren’t responsible for missed items if they aren’t on their particular inspection list, certainly are not engineers or design experts. Basically buy software checklists, electrical plug tester, flashlight, able to turn appliances on and off. Then prepare and print out a nice package for 5-800 bucks.
If you are concerned with a certain part of the house, hire a sub contractor that installs or repairs those areas, much better money spent.
Probably a good thing. Some deals will evaporate but so what. Better before then after the deal is firm.
Most home inspections are cursory at best. The thorough ones I have seen cost about 1200.00
Make the seller disclose known defects which a buyer may not be able to detect upon ordinary inspection.
Make the seller disclose all work done without permits.
#124 Nonplused on 11.06.21 at 2:01 am
Out to lunch at @ 2 am!!!
_______________________________
– Without the grid tie most solar systems are under built by half. A stand alone system needs to run the load in the day but also charge the batteries for use at night.
???????????????????????????????????
But grid tied also feeds the grid for power use at night
__________________________
– Most solar houses, even those that do have batteries and enough solar to charge them so they are truly stand alone, run the furnace, hot water tank, stove, and often clothes dryer on natural gas or propane, significantly reducing the total amount of energy used that needs to come from electricity. In this way the stats on energy savings by using solar are usually exaggerated by 100%.
??????????????????????????????????
I get no electric bill. How is that not a 100% saving on electricity???
We already had the solar hot water system that has paid for itself and a clothes line so a dozen panels are all we need for FREEDOM! Our R-2000 spec home only uses 2 bush chords of salvage wood per year. AC has not been necessary in the past living ocean side, but we do have the excess power on our meter this year to have run an inverter the hot weeks we did have.
We have had an electric dryer in house for 30 years, but it has never been used plus there is a fancy stainless steel under counter model with sensors and such in my separately metered guest house, but I doubt it has seen more than 30 cycles.
We are on a drilled well, so in conclusion, our total property tax, water, sewage, heat and electric bill is $1200/year. Minus the refund we will get for our excess solar power.
You be you and live like you, We’ll be the change and live with carbon credits, thanks.
PLUS I have already told you, locally in remote SW NS we have hydro dams and wind turbines. The standby is not oil, coal or gas.
Suck it up buttercup.
Trudeau begs Saudi for more oil for Quebec, but he kills jobs in Canada? How does that make sense?
#119 Yukon Elvis on 11.05.21 at 11:10 pm
Re: dogs running deer
——–
Yes, ’tis true, feral and uncontrolled dogs can kill wildlife.
It is, however, quite rare for this to happen in actual wilderness since animals that regularly evade more experienced and capable predators can fairly easily befuddle Fluffy. More likely in managed areas with tameish wildlife or livestock.
And yes, when it happens, eradicating uncontrolled and dangerous dogs is perfectly fine. Actually, uncontrolled animals of all persuasion, for that matter.
Re Cabbagetown Charlie…
“Too often it feels like the comments section here is about 98% white, neo-conservative males with nothing else to do in life.”
Just curious, how are you able to distinguish white neo-con male writing?
So who protects the sellers, who need the sale commitment to be buyers? I have seen many real estate deals contingent up to 5 people buying and selling each others houses up the chain of sale. Mandatory Inspections are an absolute joke, just another ploy by bureaucrats to hire more bureaucrats to perpetuate government largesse. Classic.
#124 Nonplused on 11.06.21 at 2:01 am
“[…] I have done some experimentation and research on solar.[…] Please provide references to the books and scholarly peer-reviewed (or refereed) articles you’ve ‘done some research on.’ Everything you’ve written not only contradicts my personal experience with solar power, but with everything I’ve read about them. Have you read any books and articles by Vaclav Smil? Do you even know who he is?
The payback on my solar array is 10 years, but they’re guaranteed for 25, so half the electricity of my all-electric house will be cost- and carbon-free for at least 15 years. How can you beat that? What are you doing to cut your energy costs and carbon footprint? (And, for the record, I’ve never claimed to have a stand-alone system.)
As an aside, aren’t you the least bit concerned about the kind of world you’ll be leaving to your progeny?
The listing agent’s brother’s cousin is also the listing agent’s cousin.
Exactly. – Garth
What’s all the fuss about Jordan Peterson?
He’s just a regular guy who unintentionally struck a nerve in our docile apathetic society by uniquely standing up to the bullies in academia on a particular issue.
Who’d a think a clinical psychologist would ever have stumbled upon rock star celebrity status?
Yes, he is extremely boring (for the most part), especially in his longer “drone on” lectures. He has an annoying, high pitched, squeaky voice, and is a bit awkward.
He is also kind of humorous, in a snarky sarcastic way.
The point is that he struck a nerve and woke up a silent majority that for too long now has been shouted down by an incessant, tumour like growing mass of cancerous dogma from extreme leftists, social justice warriors, pseudo feminists, tenured academic demagogues, marxists, dictators, hipsters, virtue signallers, fascists, revisionist historians, science deniers, moralists, and the victim mentality crowd.
Peterson has empowered millions who were beginning to actually think that something was wrong with them, and that maybe the blaring propaganda machine could be right about up is down, poor is rich, white is black, male is female, he is she, perpetrators are victims, smart is stupid, strong is weak, happy is sad, etc., etc.
No one is saying that Peterson is a genius. He simply speaks the truth. People need to be responsible for themselves to a large degree. Stop being a victim right out of the gate. Try harder. Get your act together. Fix your own house before fixing the world. Straighten out your own issues before meddling in others’ business.
Basic common sense.
Something the current narrative has seemingly abandoned.
Now, a guy who speaks of the most very basic aspects of self conduct is suddenly “controversial”.
Who knew?
He’s pretty much right about mostly everything.
Today’s world just hates that.
@ #135 Dharma Bum on 11.06.21 at 11:10 am
Well said!
#135 Dharma Bum on 11.06.21 at 11:10 am
That hits the nail square on the head. Well done!
Afraid for our progeny Gravy Train ? Of course we are , and ourselves as well.
A world with ,
Absolutely out of control population growth
The top 10% { possibly as much as top 20% in a few isolated cases } of people in a given country doing well.
Everyone else either stagnant or losing ground each year.
Climate change a near certainty, in practical terms impossible to limit, hold current levels, reverse, take your choice. As Greta herself said yesterday ” we need to change the way we do everything ” Simply not going to happen.
All of this and more will give rise to social and International conflicts that will be impossible to patch over.
A few strong tribes may survive, but the vast majority may well see quite a different fate.
All in all we are in a no win situation. Ourselves and our progeny.
Wealth will insulate a few for a while. But for most of us it is just a matter of time.
And that’s assuming no one exercises the Nuclear option.
#135 dharma bum
Thank-you for that. I could not possibly have said it any better.
Hey Garth,
Excellent work except this…”If the ‘winning’ buyer suffers spousal abuse or gets the willies in a few days, does the seller get to choose the second-highest bidder?”
Sounds like you are trivializing spousal abuse? Having spousal abuse in the same sentence as getting the willies is in really bad taste. Not sure what you were trying to prove here? Completely out of character for you. Not sure what happened?
#138 Dragonfly
Wealth will insulate a few for a while. But for most of us it is just a matter of time.
—-
Holly cow. I am going to start needing to take Prozac. I fear that what you have articulated is indeed going to come to pass, but over a longer time frame (i.e. slowly going south over the next 40 or so years). The radicalism of people glueing themselves to the pavement over bridges and near airports will be seen as mainstream within about five years I think as people become more militant about climate. When huge sheets attached to Antartica/Greenland break off and the sea rises, there will be no putting the toothpaste back into the tube. However, without China and India on board with carbon emmissions we are largely stuffed. Might as well have a party on the deck of the titanic until then, or buy some small homestead (away from too many dry trees) in Northern BC and start becoming self-sufficient as much as possible.
Foron,
Thank you *so* much for your peanut gallery psychiatric assessment of Jordan Peterson. So reasoned. So completely outside of your area of expertise – that’s a special kind of stupid right there weather boy!
I’ll go next; tell us where the successful private sector man touched you Foron…
Is there a story to go with this dog photo? Been enjoying hearing about the blog dogs’ dogs.