and it's not even just the subject of money that's annoying. it's when people assume and argue that their way of spending their money is the correct way.

Was it this one?

https://www.realtor.ca/Residential/S...olumbia-V5S0A9

There are some interesting freehold townhouses for sale right now in Fraserview:

https://www.realtor.ca/Residential/S...olumbia-V5S4S3

https://www.realtor.ca/Residential/S...olumbia-V5S4T6

Which ones go over $1 million? :lol

just wondering if anyone that lives at the river district, does it smell during the summer since its next to the river?

It's not the Ganges, you can eat fish from it

lol, i beg to differ on the latter... investments like equities probably have more emotion attached to it than anything else... hence why 99% of people lose lol.

Before River District existed my buddy lived a couple blocks away, west of Jellicoe St and I remember it did have a bit of a smell in the summer but since I moved in a couple years ago oddly there isn't a smell anymore.

hmm. my neighbor didn't tell me which one

haha, most people lose because they don't have a plan that they stick to.

not sure how anyone can get emotionally attached to an equity, and if they run that risk, just buy the broad market!

best thing about equities vs. the house you live in, you cannot argue about market value of an equity, it is supported by thousands of transactions every minute. a house, well, no one has your exact house, so you will never know if what you got is truly fair (or if your realtor is fucking you over for quick commission).

Its fair if you think it's fair. If you don't feel its fair don't sell at that price. Why does it need to be more complicated than that?

For every crooked realtor you could likely find an equally crooked stock broker/trader/'advisor'?

trader? stock broker?

are you in the 80's?

investing is fucking easy, a couple of dynamite low cost ETFs, invest every month, re balance twice a year, think about it every 5-10 years to make sure your ratios are right for your age.

That's a pretty bold (dumb) statement to make..

quite the opposite. you're in your 20's or 30's - S&P500 every month, you'll be wealthier than most by time you retire.

fucking simple.

when warren buffett says that his estate will be invested in 90% S&P, 10% US bond fund, why look much further?

that, plus if you need money within 5 years, sell out and put into fixed income (term deposits) to eliminate any risk. it's really not hard.

Supposedly Vancity is limiting line of credits from 80% to 65% effective next month. You can get a loan but limiting line of credits.

A lot of banks already use a sliding scale depending on the value of the home... typical $1MM home, can easily get 80% on a secured line of credit... $10MM home, more like 60%.

Mark

It's rumored to be across the board. I'll see if I can get more information from my friend who works there.

Yeah easy peasy I'm well on my way to retiring at 40 lol.

If it was that easy everyone would be doing it... Oh wait I just described our RE market.

the hard part is not spending all your money.

it's the whole real estate / forced savings argument all over again.

step one to financial freedom is budgeting based on %, not actual dollars.

retirement after 17 years of working is easily attained if you can invest 50% of your take home pay. most people want the new car every 3 years to keep up with the Joneses, this is why most ppl struggle. that and poor financial literacy.

live within your means, retire at 50 is totally doable for many.

Yep, totally agree with this. But most people rather have that 6gb data plan, or that annual vacation, or spending half their paycheque on car payments, or eating out all the time. Being well on your way to financial freedom is more within how much you spend, not how much you make.

costs me $53 with tax a month for unlimited everything and 5gb data




:pokerface:

Who is your carrier and how do I get that plan? :nyan:

A bunch of idiots camped out in front of the Pepperwood development in Langley on 208 and 84th ave. It's phase 4 (iirc) of a multi dwelling development. 4 BR are going for $375k in a neighbourhood that is growing faster than they could have ever thought.

http://img.photobucket.com/albums/v2...ps75azplnv.jpg

I snapped this quick while waiting at the light. But there are about 35 tents in front.

I regret not buying a couple of houses in this area. They were going for $600k new back in 2010, $800k about two years ago, while the most recent sale was for $1.05 about a week ago. People are losing their fucking minds.

Out of curiosity, how big is your unit?
You said it was a town house right?

No homo right?

Lol @ lining up for that garbage.

The area is already a fucking congested ghetto, our company is going to be adding to da ghetto building 100 townhouses right around there starting later in the summer.

That whole 208th corridor is so fucked, such terrible city planning around there. Camp out to buy a unit and rent it to the next crack head available.