leadnow has a plan to cancel rent and mortgage

[zabbo]

Just thought I 'd throw this out there and see what you may think. Below is copy of an email I sent to these folks. Thoughts? :thinking-006:

Good morning.

Just a note with a bit of information and a question if I may be so bold.

I am a recently retired senior on a fixed income. My wife and I have worked very hard over the last 30 to 35 years. We saved and went without many things that people around us were enjoying. New cars, nice trips, new furniture and lots of toys come to mind. Instead of purchasing such items we bought a revenue property. This was done, because I worked construction jobs and as such did not have nice retirement and pension plan. The rent from the revenue property is my pension! We are not a huge corporation, just a couple that is getting older and trying to get by like everyone else. We are not so cold as to just evict tenants because they are short a bit on the rent but we are not rich either. The cancellation of rent sounds great.......if you rent. But what if you count on that rent to pay your monthly bills? With this said, may I point out, there will be some persons that take advantage of your plan and refuse to pay their rent, even if they are still working or otherwise able to make that payment.

Now for the question. If you are so anxious to protect renters, in what fashion are you willing to protect senior citizens such as myself?

A view from the other side of the fence.

[Au revoir, Gopher]

Well, if a person wanted to critique all of their campaigns (https://www.leadnow.ca/campaigns/) they would be at it for a while :)

Ban pipelines, ban guns, ban ...


ARG

[Trochu]

I have a work acquaintance who works 7-6, a paid employee, who had been saving with his wife for years. They have a very modest lifestyle, entry level home, single vehicle, no bikes/quads/sleds/boats/etc. that I'm aware of. Last year he finished construction of a very nice two storey fourplex, garage units, etc. I'm sure it costs well over a million dollars. He is very concerned that his tenants may just stop paying rent and there's nothing he can do about it. I'd be concerned as well if all of a sudden I was looking at a $6,000.00 monthy mortgage payment and possibly utilities and taxes.

[58thecat]

they don't pay you don't pay....as in the mortgage...go to the bank and explain this...there is deferred mortgage plans in place right now.

[trailraat]

While I appreciate the governments desire to help people, in my mind the proposal to allow tenants to simply not pay rent for a month is foolish. This will most definitely be taken advantage of.

[Grizzly Adams]

I have a work acquaintance who works 7-6, a paid employee, who had been saving with his wife for years. They have a very modest lifestyle, entry level home, single vehicle, no bikes/quads/sleds/boats/etc. that I'm aware of. Last year he finished construction of a very nice two storey fourplex, garage units, etc. I'm sure it costs well over a million dollars. He is very concerned that his tenants may just stop paying rent and there's nothing he can do about it. I'd be concerned as well if all of a sudden I was looking at a $6,000.00 monthy mortgage payment and possibly utilities and taxes.

No good deed goes unpunished, it seems like our entire suite of retirement schemes have gone to hell, stock markets have crashed, affecting pension plans and RRSPs. A lot of people are going to find they've bought into an exercise of futility, too late in Life. The little man is the one who will suffer. The pension plan schemes have sold us a fairy tale. Want some informative entertainment ? Watch the Laundromat on Netflix.

Grizz

[EZM]

I have a work acquaintance who works 7-6, a paid employee, who had been saving with his wife for years. They have a very modest lifestyle, entry level home, single vehicle, no bikes/quads/sleds/boats/etc. that I'm aware of. Last year he finished construction of a very nice two storey fourplex, garage units, etc. I'm sure it costs well over a million dollars. He is very concerned that his tenants may just stop paying rent and there's nothing he can do about it. I'd be concerned as well if all of a sudden I was looking at a $6,000.00 monthy mortgage payment and possibly utilities and taxes.

EXACTLY.

So we scratch, toil and work to get to a point where we can buy property in the expectation that we will be able to pay it down through using our investment as a rental property. YES …. one day …. many of us will enjoy the equity position on these investments and enjoy the fruits of years of work, sweating, worry and hardship …… but that wasn't free.

Many of us were not children like trump where daddy gave us a small loan of 10 million dollars. We are immigrants, our children are first born here, and have worked to get to where we were coming from nothing. (yeah I know sounds like a great story, but guess what, my parents came here in the 70's with $600).

All the while my other friends, and some of my renters have cooler toys, had cooler vacations than me, and now ….. I see on TV, that in BC the hippies are encouraging others "don't pay rent on April 1st????"

disgusting.

If a renter legitimately looses income over this Covid thing, then I am totally cool with helping them out, but keep in mind, the mortgage or line or credit for the property still comes due for me.

Who helps me?

[zabbo]

they don't pay you don't pay....as in the mortgage...go to the bank and explain this...there is deferred mortgage plans in place right now.

There is NO mortgage! The rent is my source of income. That's how I pay my bills. As I have said, we gave up a lot along the way to be here. We're willing to work with tenants, but to flat out legislate NO RENT, and expect us to pick up the slack is demanding a whole lot. Even if it had a mortgage, the payment is only deferred and interest is still paid. :mad0100:

[Cement Bench]

who is leadnow

[zabbo]

EXACTLY.

So we scratch, toil and work to get to a point where we can buy property in the expectation that we will be able to pay it down through using our investment as a rental property. YES …. one day …. many of us will enjoy the equity position on these investments and enjoy the fruits of years of work, sweating, worry and hardship …… but that wasn't free.

Many of us were not children like trump where daddy gave us a small loan of 10 million dollars. We are immigrants, our children are first born here, and have worked to get to where we were coming from nothing. (yeah I know sounds like a great story, but guess what, my parents came here in the 70's with $600).

All the while my other friends, and some of my renters have cooler toys, had cooler vacations than me, and now ….. I see on TV, that in BC the hippies are encouraging others "don't pay rent on April 1st????"

disgusting.

If a renter legitimately looses income over this Covid thing, then I am totally cool with helping them out, but keep in mind, the mortgage or line or credit for the property still comes due for me.

Who helps me?


Exactly this!!:fighting0074:

[260 Rem]

I do not suppprt the gift of taxpayer money to any business or individual. IMO any “help” should be given in the form of interest free loans only. As it stands, our grandchildren’s kids will still be paying off the national debt incurred during C-19.
Every decision has consequences. How is investing in revenue property any different than investing in any stock? Investment losses are losses. Or maybe we should just have the Gov make up our investment losses as well? Ridiculous!
How about a floating an idea for those of us that do not take any of this free money? Like a “preferred” tax rate? Or being able to claim back the sales tax that is sure to come here in Alberta?
What ever happened to to the the anti-socialist voices in this forum? Time for you to speak up?

[pitw]

Who helps me?

You help yourself as you've already proven you can.

Sad reality but that's the way the lefty's work.

Those of us who paid everything off and are living within our means are expected to help others who are like the critters in the little red hen story. I ain't never seen so many cries for help and I for one ain't helping anyone who has/had a better toy than me. If they starve it just means another one that don't need feeding.

[FishOutOfWater]

Lot of misinformation in this thread...

Some people need to look up the definition of "DEFERRAL".

[whiteout]

Lot of misinformation in this thread...

Some people need to look up the definition of "DEFERRAL".

And the almost guaranteed negative consequences of doing it.

[Au revoir, Gopher]

Lot of misinformation in this thread...

Some people need to look up the definition of "DEFERRAL".

I think you need to lookup what Leadnow is asking for


URGENT: Rent is due in a week and there’s still no plan to help renters who can’t afford their rent or bills because of COVID-19.

The most powerful thing we can do right now to make our voices heard and convince Prime Minister Trudeau and the premiers to help renters is flood them with personal messages from people all across the country. Please email Prime Minister Trudeau and Canada’s premiers, asking them to cancel rent, evictions, and utility payments during COVID-19.
(https://www.leadnow.ca/cancel-rents-covid19/)
They are not asking for a deferral, they are asking for an outright cancellation of rent... and they don't say for how long.

As it stands now, in Alberta

New protections are in place for residential and mobile homes site tenants facing financial hardship due to COVID-19:


Tenants cannot be evicted for non-payment of rent and/or utilities before May 1, 2020.
Rents on residential properties or mobile home sites will not increase while Alberta’s State of Public Health Emergency remains in effect.
Late fees cannot be applied to late rent payments until June 30 and cannot be collected retroactively for this time.
Landlords and tenants need to work together to develop payment plans while COVID-19 is being managed.
Landlords can still file applications and receive orders for possession if the reason for the eviction is unrelated to rent and/or utility payments, or if a tenant refused to negotiate or comply with a payment plan.
(https://www.alberta.ca/coronavirus-info-for-albertans.aspx)
ARG

[zabbo]

who is leadnow

They are a socialist group that support just about anything that might be anti establishment. There is movement in B.C. right now encouraging ALL renters in the province to refuse payment of rent in solidarity with those that can't or are having problems. Not sure they are behind it, but that would be right up their alley! :sign0176:

[Trochu]

Lot of misinformation in this thread...

Some people need to look up the definition of "DEFERRAL".

I don't think there is any misinformation in this thread.

If there is, feel free to correct it.

[58thecat]

There is NO mortgage! The rent is my source of income. That's how I pay my bills. As I have said, we gave up a lot along the way to be here. We're willing to work with tenants, but to flat out legislate NO RENT, and expect us to pick up the slack is demanding a whole lot. Even if it had a mortgage, the payment is only deferred and interest is still paid. :mad0100:

I did not read NO mortgage in your initial post...this whole thing sucks as we all have lost something with regards to finances...this is when buckling down and figuring things out on our own comes into play.
You like most have gone without and made decisions along the way that affect your outcome...as with me...I say if you have your health, your family has their health then you are very well off given what some are up against.

[58thecat]

EXACTLY.

So we scratch, toil and work to get to a point where we can buy property in the expectation that we will be able to pay it down through using our investment as a rental property. YES …. one day …. many of us will enjoy the equity position on these investments and enjoy the fruits of years of work, sweating, worry and hardship …… but that wasn't free.

Many of us were not children like trump where daddy gave us a small loan of 10 million dollars. We are immigrants, our children are first born here, and have worked to get to where we were coming from nothing. (yeah I know sounds like a great story, but guess what, my parents came here in the 70's with $600).

All the while my other friends, and some of my renters have cooler toys, had cooler vacations than me, and now ….. I see on TV, that in BC the hippies are encouraging others "don't pay rent on April 1st????"

disgusting.

If a renter legitimately looses income over this Covid thing, then I am totally cool with helping them out, but keep in mind, the mortgage or line or credit for the property still comes due for me.

Who helps me?

as with me...I have always helped myself...figured it out...just gotta have had this plan in place in your early 20's....my grandma passed just recently and I remember her saying save a penny for a rainy day....well its been raining out for sometime...102 years on this earth she seen it all...wish I could thank her cuz I got a few pennies and more importantly healthy...

[Au revoir, Gopher]

[...] There is movement in B.C. right now encouraging ALL renters in the province to refuse payment of rent in solidarity with those that can't or are having problems. [...]

Not just B.C. There are 'rent strike' movements in Ontario and Quebec as well.

ARG

[MK2750]

If everybody is eligible for EI and/or the government is paying 75% of wages or if all else fails, everybody gets a $2000 cheque, why can't people pay their rent?

I could understand a grace period until a person gets the help they need.

[Ken07AOVette]

they don't pay you don't pay....as in the mortgage...go to the bank and explain this...there is deferred mortgage plans in place right now.

Sorry- in simplest terms; YOUR problem is not OUR problem. That will be the banks answer. If you dont make it they take your property eventually.

Uber rich people with nothing to lose have been seen giving (very pubicly) free rent for a short term and now everyone thinks they are entitled to it.

It is being screamed loudest by the people you would expect, 'you dont have to pay mortgage so I am not paying rent.'

Some can not get past the "deferral" part. Even with a hammer they are so thick. Or so entitled. It has been explained ad neseaum that the owner has a significant investment that they are on the hook for, they may get a deferral but will have to make it up, likely with penalties down the line. They scream louder.

I always explain to my clients when I am doing recovery that the stories of woe, the issues the debtors are going through are their issues, not my clients'.

Your problem is not our problem.

[bobtodrick]

Yup, I just don't get people. Rather than save for rainy day they go out and buy the latest 'must have' as soon as they get some cash in their pockets (not all mind you...but too many).
Been working since 1972...never collected EI. Have a modest house and have always owned pre-owned vehicles.
Might get a temporary layoff for a month.
Have been told I can get all this mortgage deferral, special EI etc.
Just seems like a huge PITA to me and will just make my regular payments out of the money I have saved instead of ****ing away.
But people who think like this appear to be in the minority.

[darren32]

They are a socialist group that support just about anything that might be anti establishment. There is movement in B.C. right now encouraging ALL renters in the province to refuse payment of rent in solidarity with those that can't or are having problems. Not sure they are behind it, but that would be right up their alley! :sign0176:

Thanks for the info. I had not heard of this .... I guess we will see if we get any rent money tomorrow.....

[zabbo]

I did not read NO mortgage in your initial post...this whole thing sucks as we all have lost something with regards to finances...this is when buckling down and figuring things out on our own comes into play.
You like most have gone without and made decisions along the way that affect your outcome...as with me...I say if you have your health, your family has their health then you are very well off given what some are up against.

I have my health ad so does my family. At least for now. My old granny and my Mom always said the same as yours. Tuck a little away for a rainy day. We did just that. As mentioned else where, I'm not that cold as to throw tenants out of their home for no reason. I'm more than willing to work with people. Wait a bit until EI or government money shows up. Ok. Can't make the entire payment? OK, I can knock a bit off for a couple months and see where we are then. The issue I have here is people demanding free rent and no end in sight. What this is really doing, is downloading the financial burden to landlords. I have to presume the idea is, they have revenue property, therefore they must be rich and they can just suck it up and take the hit. Problem is, I still have bills to pay. One way or another we'll get through this, but free rent for an extended period will not be part of it! :sign0176:

Good luck on the hard water!

[tbiddy]

We rent our place. Our landlord called and wanted to make sure everything is kosher. I’m always off for about 2 months for breakup so we have money saved as we do every year. I told him we’ll pay rent like normal as it’s already there. I work on the drilling side and always have a rainy day fund cause well, it’s the oilpatch. Told him maybe we can revisit things in the summer if things are looking like they won’t fire back up for a long time.

The way I look at things, if you have the funds and nothing changed due to COVID you have to pay your rent. I’ve built a great relationship with our landlord and due to that he’ll help us out down the road.

But there will always be people that will take advantage. All these people are seeing no rent, mortgage deferrals, no utilities need to be paid, “free” money and want to take, take, take. But nothing in life is free. It may help you today but what happens tomorrow?

[jrowan]

So for everyone curious about the landlord whose retirement is done through rent:

You should apply for the covid 19 emergency benefit when applications open. That rental income should have been reported as self employment income on your taxes. So loss of self employment income means you qualify for the benefit.

If you setup a holding company for the property I hope you were paying yourself a wage prior to March 15th so that the company qualifies for the wage subsidy. If not your only other option is the interest free (for a year) business loans that are being rolled out.

[MyAlberta]

Sorry- in simplest terms; YOUR problem is not OUR problem. That will be the banks answer. If you dont make it they take your property eventually.

Uber rich people with nothing to lose have been seen giving (very pubicly) free rent for a short term and now everyone thinks they are entitled to it.

It is being screamed loudest by the people you would expect, 'you dont have to pay mortgage so I am not paying rent.'

Some can not get past the "deferral" part. Even with a hammer they are so thick. Or so entitled. It has been explained ad neseaum that the owner has a significant investment that they are on the hook for, they may get a deferral but will have to make it up, likely with penalties down the line. They scream louder.

I always explain to my clients when I am doing recovery that the stories of woe, the issues the debtors are going through are their issues, not my clients'.

Your problem is not our problem.

Your penalty is interest over the life. Skipping as predatory action from the banks, which is BS because any mortgage offering had skip options already. For every door that skips on me, I’m looking at ~$500 interest penalty on top of the payment itself. BC has a $500 subsidy in place already. This gov better step up.

[liar]

Your penalty is interest over the life. Skipping as predatory action from the banks, which is BS because any mortgage offering had skip options already. For every door that skips on me, I’m looking at ~$500 interest penalty on top of the payment itself. BC has a $500 subsidy in place already. This gov better step up.

by"gov" you me and the rest of the taxpayers , right ?

[Ken07AOVette]

Your penalty is interest over the life. Skipping as predatory action from the banks, which is BS because any mortgage offering had skip options already. For every door that skips on me, I’m looking at ~$500 interest penalty on top of the payment itself. BC has a $500 subsidy in place already. This gov better step up.

Yep. And everyone that agreed to the interest when they signed the 15 page contract agreed to it. I am afraid the Gov wont do much in Alberta, we are their piggy bank, they do not know that there is a little hole in the top of it to top up, they are just aware of the big huge hole out the bottom.

[EZM]

I do not suppprt the gift of taxpayer money to any business or individual. IMO any “help” should be given in the form of interest free loans only. As it stands, our grandchildren’s kids will still be paying off the national debt incurred during C-19.
Every decision has consequences. How is investing in revenue property any different than investing in any stock? Investment losses are losses. Or maybe we should just have the Gov make up our investment losses as well? Ridiculous!
How about a floating an idea for those of us that do not take any of this free money? Like a “preferred” tax rate? Or being able to claim back the sales tax that is sure to come here in Alberta?
What ever happened to to the the anti-socialist voices in this forum? Time for you to speak up?

I am TOTALLY at peace with the decline of my equity investments. Despite the fact with the market down I have lost a significant portion of my "equity".

I am TOTALLY at peace with making a decision to purchase a property with my hard earned/saved cash, and take a small mortgage and use a line of credit to create an investment through a rental property.

What I'M FURIUOS about is the government encouraging mouth pieces telling people NOT TO PAY ME RENT

I have paid taxes every year (and far, far more than the average Joe)

I have NEVER been on social assistance

I have created jobs and helped our economy and contributed to my country which I call home

I have and will continue to HELP out some of my tenants who need help (and it makes me happy to do it and gives me peace)….

…..but I have no way to recover it..... and what does twinkle toes do for me.

I am normally looking at a 20-25% return on these properties - if I loose 1/3 of my rental income ….guess what, I'm going broke.

Who helps me?

Landlords are not faceless evil corporate tycoons, they are people like me who have a full time job and need to have a job until they can one day retire and live off what they have built.

And, to make matters worse, I took a 20% pay cut on furlough yesterday.

Clearly this will not qualify me for any assistance of any sort (nor am I asking for it in my case) and I will be fine, as long as I can recover 75% of my rental income.

If not, I'm going into the hole. Selling off equity where I've already lost 30%-40% value in, meaning for every $100 in stock I sell to pay my bills , $150 of value in stock 90 days ago gets cashed in - so even my recovery plan hurts.

Perfect.

Twinkle toes needs to think about this for a second before saving the renters of the world at the cost of others who have worked, paid taxes, never been a burden to the system, and have been loyal Canadians contributing to building an economy for us all.

I am not Mobil Exxon

I am a father, friend and fellow Canadian

[hal53]

I am TOTALLY at peace with the decline of my equity investments. Despite the fact with the market down I have lost a significant portion of my "equity".

I am TOTALLY at peace with making a decision to purchase a property with my hard earned/saved cash, and take a small mortgage and use a line of credit to create an investment through a rental property.

What I'M FURIUOS about is the government encouraging mouth pieces telling people NOT TO PAY ME RENT

I have paid taxes every year (and far, far more than the average Joe)

I have NEVER been on social assistance

I have created jobs and helped our economy and contributed to my country which I call home

I have and will continue to HELP out some of my tenants who need help (and it makes me happy to do it and gives me peace)….

…..but I have no way to recover it..... and what does twinkle toes do for me.

I am normally looking at a 20-25% return on these properties - if I loose 1/3 of my rental income ….guess what, I'm going broke.

Who helps me?

Landlords are not faceless evil corporate tycoons, they are people like me who have a full time job and need to have a job until they can one day retire and live off what they have built.

And, to make matters worse, I took a 20% pay cut on furlough yesterday.

Clearly this will not qualify me for any assistance of any sort (nor am I asking for it in my case) and I will be fine, as long as I can recover 75% of my rental income.

If not, I'm going into the hole. Selling off equity where I've already lost 30%-40% value in, meaning for every $100 in stock I sell to pay my bills , $150 of value in stock 90 days ago gets cashed in - so even my recovery plan hurts.

Perfect.

Twinkle toes needs to think about this for a second before saving the renters of the world at the cost of others who have worked, paid taxes, never been a burden to the system, and have been loyal Canadians contributing to building an economy for us all.

I am not Mobil Exxon

I am a father, friend and fellow Canadian
The problem being is who votes for twinkle toes??????..not Mobil Exxon.....:)

[Ken07AOVette]

EZM- :love0025: :sHa_sarcasticlol::scared0018:

'furious' :)

[MyAlberta]

by"gov" you me and the rest of the taxpayers , right ?

As am I. Stepping up to the banks with appropriate legislation would help Then again, disrupting the bank could bring the whole house down. Did I say that.

[jrowan]

I am TOTALLY at peace with the decline of my equity investments. Despite the fact with the market down I have lost a significant portion of my "equity".

I am TOTALLY at peace with making a decision to purchase a property with my hard earned/saved cash, and take a small mortgage and use a line of credit to create an investment through a rental property.

What I'M FURIUOS about is the government encouraging mouth pieces telling people NOT TO PAY ME RENT

I have paid taxes every year (and far, far more than the average Joe)

I have NEVER been on social assistance

I have created jobs and helped our economy and contributed to my country which I call home

I have and will continue to HELP out some of my tenants who need help (and it makes me happy to do it and gives me peace)….

…..but I have no way to recover it..... and what does twinkle toes do for me.

I am normally looking at a 20-25% return on these properties - if I loose 1/3 of my rental income ….guess what, I'm going broke.

Who helps me?

Landlords are not faceless evil corporate tycoons, they are people like me who have a full time job and need to have a job until they can one day retire and live off what they have built.

And, to make matters worse, I took a 20% pay cut on furlough yesterday.

Clearly this will not qualify me for any assistance of any sort (nor am I asking for it in my case) and I will be fine, as long as I can recover 75% of my rental income.

If not, I'm going into the hole. Selling off equity where I've already lost 30%-40% value in, meaning for every $100 in stock I sell to pay my bills , $150 of value in stock 90 days ago gets cashed in - so even my recovery plan hurts.

Perfect.

Twinkle toes needs to think about this for a second before saving the renters of the world at the cost of others who have worked, paid taxes, never been a burden to the system, and have been loyal Canadians contributing to building an economy for us all.

I am not Mobil Exxon

I am a father, friend and fellow Canadian

Again, you should apply for the covid 19 emergency benefit when applications open. That rental income should have been reported as self employment income on your taxes. So loss of self employment income means you qualify for the benefit.

If you setup a holding company for the property I hope you were paying yourself a wage prior to March 15th so that the company qualifies for the wage subsidy. If not your only other option is the interest free (for a year) business loans that are being rolled out.

[EZM]

Again, you should apply for the covid 19 emergency benefit when applications open. That rental income should have been reported as self employment income on your taxes. So loss of self employment income means you qualify for the benefit.

If you setup a holding company for the property I hope you were paying yourself a wage prior to March 15th so that the company qualifies for the wage subsidy. If not your only other option is the interest free (for a year) business loans that are being rolled out.

If I can break even through this financial crisis I will not be applying for, or taking any government benefit. Purely on principle.

No one in my family, ever, despite layoffs and other hardships has ever had social assistance of any kind.

We are immigrants, and are thankful for the opportunity here in Canada. We owe this back to the country (despite how some administrations squander my tax dollars - but that's another conversation).

I am just upset as how our government would help one set of people, yet hurt others as collateral damage.

Kind of like how Ottawa hurts Alberta.

My rant is over.

[EZM]

EZM- :love0025: :sHa_sarcasticlol::scared0018:

'furious' :)

Yup …. CAPS LOCK …. spelling mistakes and bad grammar rants ….. lol

Thanks for the phone call ….. I guess it's all about perspective sometimes.

At the end of the day, we will live another day, have food in the fridge to eat …. so I guess it's all relative.

We will be impacted by this, and I can't change that.

[58thecat]

Sorry- in simplest terms; YOUR problem is not OUR problem. That will be the banks answer. If you dont make it they take your property eventually.

Uber rich people with nothing to lose have been seen giving (very pubicly) free rent for a short term and now everyone thinks they are entitled to it.

It is being screamed loudest by the people you would expect, 'you dont have to pay mortgage so I am not paying rent.'

Some can not get past the "deferral" part. Even with a hammer they are so thick. Or so entitled. It has been explained ad neseaum that the owner has a significant investment that they are on the hook for, they may get a deferral but will have to make it up, likely with penalties down the line. They scream louder.

I always explain to my clients when I am doing recovery that the stories of woe, the issues the debtors are going through are their issues, not my clients'.

Your problem is not our problem.

perhaps but everybody's financial situation is different and maybe there is a way to work with your financial institution but you will never know unless you book an appointment and sit down....seen some very creative financial plans over the years.

[58thecat]

I have my health ad so does my family. At least for now. My old granny and my Mom always said the same as yours. Tuck a little away for a rainy day. We did just that. As mentioned else where, I'm not that cold as to throw tenants out of their home for no reason. I'm more than willing to work with people. Wait a bit until EI or government money shows up. Ok. Can't make the entire payment? OK, I can knock a bit off for a couple months and see where we are then. The issue I have here is people demanding free rent and no end in sight. What this is really doing, is downloading the financial burden to landlords. I have to presume the idea is, they have revenue property, therefore they must be rich and they can just suck it up and take the hit. Problem is, I still have bills to pay. One way or another we'll get through this, but free rent for an extended period will not be part of it! :sign0176:

Good luck on the hard water!

I agree that this don't pay for your rent is b.s. as it will not benefit any landlord....the tenants do the best they can to make ends meet as anyone else and should not abuse the system but there will be the occasional one unfortunately...hopefully not yours.

good luck.

[HyperMOA]

If I can break even through this financial crisis I will not be applying for, or taking any government benefit. Purely on principle.

No one in my family, ever, despite layoffs and other hardships has ever had social assistance of any kind.

We are immigrants, and are thankful for the opportunity here in Canada. We owe this back to the country (despite how some administrations squander my tax dollars - but that's another conversation).

I am just upset as how our government would help one set of people, yet hurt others as collateral damage.

Kind of like how Ottawa hurts Alberta.

My rant is over.

I think you need to re-evaluate how you look at government programs. This isn’t you taking from the government; it’s you giving less to Trudeau. I guarantee that if you received every single grant, program, subsidy or whatever you would still be a net contributor at the end of the year.

On April 2 of this year the government will take your money and hold onto it interest free till the following April when your taxes are due. Why do you think borrowing their (yours actually) money interest free is bad when they have done the same to you every year that you have been employed? It’s not welfare in the least.

[Ken07AOVette]

I think you need to re-evaluate how you look at government programs. This isn’t you taking from the government; it’s you giving less to Trudeau. I guarantee that if you received every single grant, program, subsidy or whatever you would still be a net contributor at the end of the year.

On April 2 of this year the government will take your money and hold onto it interest free till the following April when your taxes are due. Why do you think borrowing their (yours actually) money interest free is bad when they have done the same to you every year that you have been employed? It’s not welfare in the least.

This- very smart well thought out reply.

[Twisted Canuck]

Just thought I 'd throw this out there and see what you may think. Below is copy of an email I sent to these folks. Thoughts? :thinking-006:

Good morning.

Just a note with a bit of information and a question if I may be so bold.

I am a recently retired senior on a fixed income. My wife and I have worked very hard over the last 30 to 35 years. We saved and went without many things that people around us were enjoying. New cars, nice trips, new furniture and lots of toys come to mind. Instead of purchasing such items we bought a revenue property. This was done, because I worked construction jobs and as such did not have nice retirement and pension plan. The rent from the revenue property is my pension! We are not a huge corporation, just a couple that is getting older and trying to get by like everyone else. We are not so cold as to just evict tenants because they are short a bit on the rent but we are not rich either. The cancellation of rent sounds great.......if you rent. But what if you count on that rent to pay your monthly bills? With this said, may I point out, there will be some persons that take advantage of your plan and refuse to pay their rent, even if they are still working or otherwise able to make that payment.

Now for the question. If you are so anxious to protect renters, in what fashion are you willing to protect senior citizens such as myself?

A view from the other side of the fence.

Well said. My wife and I have had a few rentals over the years, and I managed property for my dad when I was younger. I know your side of the fence. My wife and I were truly glad we sold our last rental property four years ago, we were tired of the headaches involved. When we saw all the government 'suggestions' (read demands) that landlords just let the rent slide for a while, I thought of people I know in exactly your position. I feel your pain.

Nice system if you are a renter, and if you own the property, you are viewed as just another 'rich fat cat' anyway. Man it makes me boil inside...always the angry resentful, who want to steal from 'the rich' and call it 'equitable'. As if. Most socialists don't give a damn about the poor, they just hate the rich (or anyone they perceive to be) and want to tear them down, so everyone can be miserable together.

[Twisted Canuck]

And as long as I am here and thinking about this.....

It's been mentioned a number of times here about applying for government assistance that is available because of Covid-19, and so forth, and I have just one thought on the matter.

Good luck with getting it any time soon. This is the government that can't even fix it's own Phoenix payroll system. It has been a 5 year boondoggle that has cost a couple billion dollars I believe (sounds like the firearms registry, right?)....some get paid, some don't, some get overpaid. It's a mess.

But we are supposed to believe in these 'unprecedented times' that suddenly government efficiency is going to miraculously happen? *BOOM*!!! Just like that, they are going to put a whole bunch of programs into place and start firing checks off, to all those who need help, and to all those who are masters at playing the system any way they can....and it's gonna go smooth?

I for one see this becoming a place to hire a whole bunch more government employees (job creation!) to make a horrendous cock up, that will help maybe a few while making the many continue to suffer....it's going to be a giant, colossal, cock-up. I mean, GIANT.

We're from the Government. We're here to help.

Bless my soul though, it will surely cost more than they say it will, by an order of magnitude or two, and it will accomplish a small fraction of what they say it will. And all our grandkids can pay for it. And theirs too probably.

[EZM]

I think you need to re-evaluate how you look at government programs. This isn’t you taking from the government; it’s you giving less to Trudeau. I guarantee that if you received every single grant, program, subsidy or whatever you would still be a net contributor at the end of the year.

On April 2 of this year the government will take your money and hold onto it interest free till the following April when your taxes are due. Why do you think borrowing their (yours actually) money interest free is bad when they have done the same to you every year that you have been employed? It’s not welfare in the least.

Fair statement, excellent perspective.

I also think that other people can benefit perhaps more than me, and me taking a fair share piece of the pie, leaves less for the rest that need more.

I guess it's a matter of principle. I am very well aware of how much I pay the government and it sucks when you really think of who contributing and who's consuming.

In this "consumer" portion there are the lazy, deadbeat consumers will exist tomorrow as they did yesterday (these are not the ones I'm trying to help) - it's others, like single moms, low income workers with jobs, the legitimate people who make less, have less, but do their part to contribute than need a hand up. I am happy to help those.

If there was a way for me to recover some losses, I will definitely explore that, if it makes sense to do so. I know for sure I will come out the other end of this crisis in a weaker position compared to when I went into it. (like everyone I guess).

[DiabeticKripple]

Renters need to pay their rent.

While the landlords can defer their mortgages, they will have to still pay that portion, plus interest on the mortgage.

If renters didn’t pay, they are essentially living for free in someone else’s house.

If possible work out a payment plan before the end of the lease. If there is 6 months left and they skip 3 months at $1000/month, then they should be expected to shell out another $500/month to cover the rent for the 3 months.

[burbotman]

Renters need to pay their rent.

While the landlords can defer their mortgages, they will have to still pay that portion, plus interest on the mortgage.

If renters didn’t pay, they are essentially living for free in someone else’s house.

If possible work out a payment plan before the end of the lease. If there is 6 months left and they skip 3 months at $1000/month, then they should be expected to shell out another $500/month to cover the rent for the 3 months.


Well said!

[fishtank]

Renters need to pay their rent.

While the landlords can defer their mortgages, they will have to still pay that portion, plus interest on the mortgage.

If renters didn’t pay, they are essentially living for free in someone else’s house.

If possible work out a payment plan before the end of the lease. If there is 6 months left and they skip 3 months at $1000/month, then they should be expected to shell out another $500/month to cover the rent for the 3 months.

Sadly that not going to happen as most sleazy renters will try to moved out in the middle of the month.. I had to deal with that crap few year back

[Ken07AOVette]

Sadly that not going to happen as most sleazy renters will try to moved out in the middle of the month.. I had to deal with that crap few year back

The truly sleazy renters will squat and refuse until they are actually evicted, which takes time and causes more issues as the sleazebags destroy the place.

[zabbo]

Very happy to report that the rent was paid this morning just like clock work! No one has lost their job and things are looking good for at least the
next while. :)

I hope that's the case for most people on both sides of this fence! For those that are having problems, hope you manage to come to some sort of agreement that works for both parties! Tough times for many people! :scared0018:

[1stLand]

Unfortunately most millenials out there fail to grasp basic concepts about money and debt and repayment. They characterize all landlords as being mortgage free boomers who are rich.

Thanks to the CBC and other left-wing canadian media consortiums.

I have yet to see one story on the news highlighting the original posters predicament.

This is why landlords are being punished.

I am 35 and I have had a rental property now for 11 years. My tenants paid their rent yesterday. I didn't even have to contact them. Just business as usual.
Some aren't so lucky.

[Jayhad]

Am I missing something? I thought I read that a renter can not be evicted before May 1st for none payment.... therefore can't you wait a week or two then evict?

I suspect the answer is the landlord has a fraction of the rights the renter does.

If rent doesn't get paid doesn't that constitute a breaking of the rental contract?
Could a landlord then raise the rent the next month as the contract is no longer valid?

Man there was a time I thought of getting a rental property, I'm always hearing negative stories for the landlords though...

[waldedw]

Very happy to report that the rent was paid this morning just like clock work! No one has lost their job and things are looking good for at least the
next while. :)

I hope that's the case for most people on both sides of this fence! For those that are having problems, hope you manage to come to some sort of agreement that works for both parties! Tough times for many people! :scared0018:


Same here, just got back from my 5 km walk in the fresh air and had an EMT for the rent, same guy been renting since 2008, never and issue and hope not to. Having said that with what's happening now if he did have an issue I would work it out with him.

[58thecat]

It should be damage deposit and one months rent up front, damage deposit is equal to the agreed one month rent cost.
If the renter decides not to pay for one months rent then the landlord has the right to take the initial one months rent and immediately a 30 day clock starts counting down that the renter will be evicted, no questions asked, at that point a final walk through and any damage the damage deposit is used for repairs and remaining funds returned to renter...landlord must show receipts for repairs...this applies all year round...if renter wishes to attempt to stay past the 30 days they are removed by LEO's...

Another option is to work something out but if that is not the case the clock starts ticking to eviction time....

All other matter as per the lease agreement apply....

Now I know there are wankers on both sides of the fence out there as in renters and landlords but we are talking soley about the idiots that basically squat for free....

Good luck to those who rent out there hopefully your tenants are ethical people.

[nick0danger]

Man before y'all get your panties in a knot, have you taledk to your Renters? I asked mine, and he said all good, ill let you know if that changes.

[dmcbride]

They are a socialist group that support just about anything that might be anti establishment. There is movement in B.C. right now encouraging ALL renters in the province to refuse payment of rent in solidarity with those that can't or are having problems. Not sure they are behind it, but that would be right up their alley! :sign0176:

Leadnow is foreign funded trash, economic terrorists.

[HyperMOA]

Fair statement, excellent perspective.

I also think that other people can benefit perhaps more than me, and me taking a fair share piece of the pie, leaves less for the rest that need more.

I guess it's a matter of principle. I am very well aware of how much I pay the government and it sucks when you really think of who contributing and who's consuming.

In this "consumer" portion there are the lazy, deadbeat consumers will exist tomorrow as they did yesterday (these are not the ones I'm trying to help) - it's others, like single moms, low income workers with jobs, the legitimate people who make less, have less, but do their part to contribute than need a hand up. I am happy to help those.

If there was a way for me to recover some losses, I will definitely explore that, if it makes sense to do so. I know for sure I will come out the other end of this crisis in a weaker position compared to when I went into it. (like everyone I guess).

Not trying to beat a dead horse or anything here; just a little bit more of, call it, "my perspective".

I get that you want to help people. Having said that, the government does not do 1 thing well or efficiently. If you pay $100 of taxes the person you want to help will receive $8.42 from that $100. The government makes $91.58 just disappear. (This is obviously a made up number, but I think you know what I'm getting at.)

Knowing that the government is inefficient and wasteful, I give you the following challenge. While filling your taxes and going forward I encourage you to apply for every tax grant, deduction, or write-off you are able to. Take the extra money that you normally would've given Trudeau and truly help somebody. Even if it only amounts to $100. Take that $100 to a local church or school. They know people right in your community that are truly struggling. Ask for them to give it to people in need. This way, $100 of your $100 is going to help that single mom not $8.42!

:) But maybe hold off going to the school until the ol Corona blows over.

[MyAlberta]

Am I missing something? I thought I read that a renter can not be evicted before May 1st for none payment.... therefore can't you wait a week or two then evict?

I suspect the answer is the landlord has a fraction of the rights the renter does.

If rent doesn't get paid doesn't that constitute a breaking of the rental contract?
Could a landlord then raise the rent the next month as the contract is no longer valid?

Man there was a time I thought of getting a rental property, I'm always hearing negative stories for the landlords though...

It’s probably a lot less this month, but image month end traffic. Tenants who have committed to a new place, finding it not vacant, and then backing up the Tenants behind them. Ouch. I don’t think Landlords are eager to evict. The vacancy rate is up there.

All rents are in on my side, to which I’m thankful.

[Lamburt]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

[Sporty]

They are a socialist group that support just about anything that might be anti establishment. There is movement in B.C. right now encouraging ALL renters in the province to refuse payment of rent in solidarity with those that can't or are having problems. Not sure they are behind it, but that would be right up their alley! :sign0176:

Not just BC. Canada and worldwide, has these groups popping up. The rent strike initiative ramped up when Italy put a freeze on rents and mortgages. I've moled into a couple of these groups as I am a landlord too. Much of the resources they're sharing is coming from other groups in the US and Europe.

Much to the dismay of these organizers though, most people have paid their rents for April and many have reported that their "evil" landlords have worked out payment arrangments with them for future months. Landlords who are working with their tenants dispels the notion that we're all just a bunch of greedy land barons with no empathy. These groups rely on stoking anger and fear in people and if a landlord has shown empathy and cooperation with their tenants, the rent strike organizers lose their power of gaslighting others into believing that they're being abused. Most of these organizers are the same ones who will jump on any protest but their numbers aren't all that big.

All that said, there are definitely some shifty slumlords out there who are ruthless and make it hard for the rest of us.

[Smoky buck]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

I thought about typing a logical response but then thought no let’s not go into crazy town because common sense cannot be found there :)

[58thecat]

I thought about typing a logical response but then thought no let’s not go into crazy town because common sense cannot be found there :)

Noooooo let'em rip smokey....I am going to work out now but need some entertainment afterwords.....please....

[FishOutOfWater]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

I see you didn't waste any time telling everyone how you really feel...

Welcome to the forum, I guess.

:sad0071:

[Trochu]

I thought about typing a logical response but then thought no let’s not go into crazy town because common sense cannot be found there :)

Common sense left the station and crazy pulled in.

[brendan's dad]

Maybe since all the hockey pools are shut down, we could run a "banned" pool. Anyone "banned" in the last 60 days is eligible for the pool and then we bet on who the "new member" really is. I guess we would need a mod to play along so they could declare a weekly winner.

[marky_mark]

I had 3 rental places by the time i was 25. I had a good legal side biz going and rolled all the money I was making into real estate as it was climbing in 2005-2008. Great idea most would say. Well in the fall of 2008, oil went in the tank, our dollar went even lower. Side job was toast, day job was toast. And I then had 3 rentals plus my house and no one was paying me rent on time. I can remember the feeling of it being the last day of the month, and Id be having about $6000 coming out tomorrow and only having about $2000 in my account. Great times..... I remember working 4 jobs to try and make ends meet. And my renters would be partying it up and blowing their rent money. After having rental properties I realized that most people are scum. If these people cant afford to get a mortgage its for a reason. Usually they liked their weed too much, or smoking was more important than paying their bills, or they really felt the need to get take out food everyday. No matter.... What i learned is that i will never ever own rental properties ever again. I feel sorry for anyone that does. To me, if i meet someone and find out that they dont own the house they live in. Automatically I think less of them, and from my experience, its usually right

[MK2750]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

You do realize that some people choose to rent because they do not plan on staying in an area or they can rent with a much lower payment and invest the difference. From the early 2000s, when I bought my home, to just before 2008 this house was the best investment I had ever made. The last 10 years I would have been far better off renting a house and investing. This of course not taking into account the last couple of months where everything sucks.

Compared to other parts of the world our housing is very affordable but some people will never own a house. They can however afford to drink thousands of dollars worth of alcohol, smoke thousands of cigarettes, do some recreational drugs, maybe a few hundred on vaping, max out a cell phone plan monthly, have every available service on internet and cable, wear one pair of jeans worth more than my entire wardrobe, consider a 60 dollar hair cut an essential of life, pay for 100 dollar oil changes because they are too lazy to crawl under a vehicle for $60, eat at restaurants 4 days a week, buy a sandwich because they are too lazy to make one, drink 3 Tim Horton's coffee a day because they don't understand how a go cup and a thermos works, slam back a couple of Red Bulls and whine about how the world is treating them.

Edit; or just read what Mark said, we were typing at the same time.

[zabbo]

I thought about typing a logical response but then thought no let’s not go into crazy town because common sense cannot be found there :)
Lol! Have to admit, I had to pick my jaw up off the concrete when all landlords were compared to those scalping toilet paper and hand sanitizer. Guess the parts about trying to work with tenants, delay or even reduce rent payments got missed? Ignored? Anyway, thanks for the laugh Smoky! :sHa_shakeshout:


Noooooo let'em rip smokey....I am going to work out now but need some entertainment afterwords.....please....

It does keep the boredom factor down in these trying times. :)

[urban rednek]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does,
In my opinion, Canada should regulate the housing market.
Obviously, you haven't read the new book by J.K. Stalin. :thinking-006:

[Lamburt]

You do realize that some people choose to rent because they do not plan on staying in an area or they can rent with a much lower payment and invest the difference. From the early 2000s, when I bought my home, to just before 2008 this house was the best investment I had ever made. The last 10 years I would have been far better off renting a house and investing. This of course not taking into account the last couple of months where everything sucks.

Compared to other parts of the world our housing is very affordable but some people will never own a house. They can however afford to drink thousands of dollars worth of alcohol, smoke thousands of cigarettes, do some recreational drugs, maybe a few hundred on vaping, max out a cell phone plan monthly, have every available service on internet and cable, wear one pair of jeans worth more than my entire wardrobe, consider a 60 dollar hair cut an essential of life, pay for 100 dollar oil changes because they are too lazy to crawl under a vehicle for $60, eat at restaurants 4 days a week, buy a sandwich because they are too lazy to make one, drink 3 Tim Horton's coffee a day because they don't understand how a go cup and a thermos works, slam back a couple of Red Bulls and whine about how the world is treating them.

Edit; or just read what Mark said, we were typing at the same time.
Yes, a small fraction of people rent because they're not planning on staying in the area. There's no problem with that. The problem is the large majority who are renting because housing is unaffordable.

What you are describing in the second paragraph is partly the effect of housing affordability. There is a whole class of people who have two choices: 1) live in debt for 20-40 years (or even more in other parts of the world) to barely afford a house, or 2) say "to hell with it" and party and enjoy life in the moment. Are you really surprised that many people would pick option 2 over option 1?

If you are over age 40, you had the luxury of being able to buy houses when they were much more affordable so you didn't have to make that choice. You should have some empathy for others. Do not think that your personal genius or ability is what sets your generation apart from the younger generation which is dealing with very different circumstances. You also got to capitalize on globalization and all the immigration that has pumped up our economy while diminishing the future of this country for offspring of the original citizens.

I won't say that the exploitation of people via housing a morally bad thing. All I will say is that it has natural consequences. Any landlords who imagined that their free money scheme had no risk and didn't consider that their serfs might refuse to pay rent, trash the place, or commit other crimes, is living in an imaginary reality.

[marky_mark]

Yes, a small fraction of people rent because they're not planning on staying in the area. There's no problem with that. The problem is the large majority who are renting because housing is unaffordable.

What you are describing in the second paragraph is partly the effect of housing affordability. There is a whole class of people who have two choices: 1) live in debt for 20-40 years (or even more in other parts of the world) to barely afford a house, or 2) say "to hell with it" and party and enjoy life in the moment. Are you really surprised that many people would pick option 2 over option 1?

If you are over age 40, you had the luxury of being able to buy houses when they were much more affordable so you didn't have to make that choice. You should have some empathy for others. Do not think that your personal genius or ability is what sets your generation apart from the younger generation which is dealing with very different circumstances. You also got to capitalize on globalization and all the immigration that has pumped up our economy while diminishing the future of this country for offspring of the original citizens.

I won't say that the exploitation of people via housing a morally bad thing. All I will say is that it has natural consequences. Any landlords who imagined that their free money scheme had no risk and didn't consider that their serfs might refuse to pay rent, trash the place, or commit other crimes, is living in an imaginary reality.

No exploitation
Everyone had to take risks and sacrifices to own a home
I never had to endure the sky high interest rates of the 80's and im thankful for that
Buy a house or a condo that you can afford
Interest rates are very cheap right now
Make additional payments when you can, and you can pay it off sooner
This isnt anything new.. The only thing new is people expecting that everything should be easy. I want that razzle dazzle house truck and boat but I dont want to work for it. Welcome to real life. Its definitely not instagram

[Lamburt]

No exploitation
Everyone had to take risks and sacrifices to own a home
I never had to endure the sky high interest rates of the 80's and im thankful for that
Buy a house or a condo that you can afford
Interest rates are very cheap right now
Make additional payments when you can, and you can pay it off sooner
This isnt anything new.. The only thing new is people expecting that everything should be easy. I want that razzle dazzle house truck and boat but I dont want to work for it. Welcome to real life. Its definitely not instagram
It's an objective fact that housing is less affordable now than it was 20 or 40 or 60 years ago. Lots of the boomer generation don't want to admit that because they want to believe they are superior to the young generation.

Low interest rates are not a good thing. It must prices are hugely inflated due to cheap debt and there's no possibility to save money to purchase something without a long mortgage.

[marky_mark]

It's an objective fact that housing is less affordable now than it was 20 or 40 or 60 years ago. Lots of the boomer generation don't want to admit that because they want to believe they are superior to the young generation.

Low interest rates are not a good thing. It must prices are hugely inflated due to cheap debt and there's no possibility to save money to purchase something without a long mortgage.

What are you talking about? Have you heard of inflation?
All your doing is making excuses

[Ken07AOVette]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

What were your last 20 names in here again? I bet I can guess them. Actually I already know.

To your ridiculous reply;

So landlords are parasites?

Know what I tell anyone looking to rent to someone living in their car, looking for a furnished house and 'starting work next week at some business, forget the name'?

Just throw $10,000 in the wind, tell the person to grab as much as they can on the way to never coming back again, because it is cheaper that way.

I turn away more business for Landlords than all other work combined, in fact more in a year than over 30 combined for all the rest.

Rental properties cost owners countless millions per year. Deadbeat renters do not care at all, their intention is to live free, destroy the place when they leave and make it unliveable for anyone else. Of course I am talking about a percentage of losers, not all renters are bad. In some cases some landlords have had the same renters for many years, even decades but that is the exception to the rule.

I bolded the stupidest parts of your reply. You obviously do not care that the Owner has to fix everytime you wreck the place, has to carry the burden of the mortgage, has to clean and paint and relist everytime there is a midnight move, then is stuck with thousands of dollars loss, because the entitled property destroying renter will never have a job that will be garnishable.

Who exactly is the parasite again?

[MyAlberta]

It's an objective fact that housing is less affordable now than it was 20 or 40 or 60 years ago. Lots of the boomer generation don't want to admit that because they want to believe they are superior to the young generation.

Low interest rates are not a good thing. It must prices are hugely inflated due to cheap debt and there's no possibility to save money to purchase something without a long mortgage.

I know quite a few couples who have leveraged tenancy to help them acquire equity in thier home purchase. Win win. Home values as well as rental rates are largely market driven, not landlord colluded. Without a substantial inventory of privately invested rental, you would be paying much higher rates. Without a doubt, the population has enjoyed good times with economic prosperity, and a time will come when depression sets in.

Two of my family members rent. Why, because it makes sense in thier current lifestyles.

[NCC]

I had 3 rental places by the time i was 25. I had a good legal side biz going and rolled all the money I was making into real estate as it was climbing in 2005-2008. Great idea most would say. Well in the fall of 2008, oil went in the tank, our dollar went even lower. Side job was toast, day job was toast. And I then had 3 rentals plus my house and no one was paying me rent on time. I can remember the feeling of it being the last day of the month, and Id be having about $6000 coming out tomorrow and only having about $2000 in my account. Great times..... I remember working 4 jobs to try and make ends meet. And my renters would be partying it up and blowing their rent money. After having rental properties I realized that most people are scum. If these people cant afford to get a mortgage its for a reason. Usually they liked their weed too much, or smoking was more important than paying their bills, or they really felt the need to get take out food everyday. No matter.... What i learned is that i will never ever own rental properties ever again. I feel sorry for anyone that does. To me, if i meet someone and find out that they dont own the house they live in. Automatically I think less of them, and from my experience, its usually right

You got what you deserved for the risk and hard work, you capitalist pig! (Joking of course).

Odd how some people can afford to smoke, drink, have 2 dogs and 5 cats, eat take out food everyday, wear designer clothes, have the best TV and internet packages available, $10 000 worth of furniture on credit from the Brick, and then cry at the end of the month that they can't afford the rent.

With the exception of the past 6 weeks, anyone in Alberta who was willing to work hard and leave the major urban centers could afford to own a home.

[marky_mark]

you got what you deserved for the risk and hard work, you capitalist pig! (joking of course).

Odd how some people can afford to smoke, drink, have 2 dogs and 5 cats, eat take out food everyday, wear designer clothes, have the best tv and internet packages available, $10 000 worth of furniture on credit from the brick, and then cry at the end of the month that they can't afford the rent.

With the exception of the past 6 weeks, anyone in alberta who was willing to work hard and leave the major urban centers could afford to own a home.

100%

[Smoky buck]

It's an objective fact that housing is less affordable now than it was 20 or 40 or 60 years ago. Lots of the boomer generation don't want to admit that because they want to believe they are superior to the young generation.

Low interest rates are not a good thing. It must prices are hugely inflated due to cheap debt and there's no possibility to save money to purchase something without a long mortgage.

There is still affordable housing available you just need to be flexible on your location

Excuses will not improve your situation and it’s not everyone else’s fault. Your life is what you make it

I am not a boomer and did not have everything handed to me. Spent my teens as a homeless coach surfer and know what it’s like to be hungry. I got ofF my butt and made something of myself. I own 2 houses and actually most of my non boomer friends own their homes.

Please tell me how rough it is out there, how it’s too hard, and everyone is holding you back :sHa_sarcasticlol:

[Lamburt]

What are you talking about? Have you heard of inflation?
All your doing is making excuses
Housing prices have far surpassed inflation in the last 20 years.
https://i.imgur.com/kuAHTOL.png

All I'm doing is stating factual information. You seem to be the one trying to make "excuses". What for? So that you can believe the young generation are lazy idiots and that you are superior, I guess? Quite a sick mentality.

[zabbo]

Yes, a small fraction of people rent because they're not planning on staying in the area. There's no problem with that. The problem is the large majority who are renting because housing is unaffordable.

What you are describing in the second paragraph is partly the effect of housing affordability. There is a whole class of people who have two choices: 1) live in debt for 20-40 years (or even more in other parts of the world) to barely afford a house, or 2) say "to hell with it" and party and enjoy life in the moment. Are you really surprised that many people would pick option 2 over option 1?

If you are over age 40, you had the luxury of being able to buy houses when they were much more affordable so you didn't have to make that choice. You should have some empathy for others. Do not think that your personal genius or ability is what sets your generation apart from the younger generation which is dealing with very different circumstances. You also got to capitalize on globalization and all the immigration that has pumped up our economy while diminishing the future of this country for offspring of the original citizens.

I won't say that the exploitation of people via housing a morally bad thing. All I will say is that it has natural consequences. Any landlords who imagined that their free money scheme had no risk and didn't consider that their serfs might refuse to pay rent, trash the place, or commit other crimes, is living in an imaginary reality.

This is going to be fun! From your join date and number of posts it would appear you are a troll! Anyway, you are correct. Price of real estate has increased dramatically over time. Waaaay back in 1968 my Dad had a 20 K mortgage on a house in small town Alberta. That summer we moved to the big city of Calgary. His new mortgage was 40 K. I can still remember him crapping his pants. For several years after I left home I paid rent. Busted my tail to save and buy a house. First wife got that and I basically started over. Busted my tail again, bought another house. We looked at moving up, found another place we could afford and then stuck our necks out to keep the original house as a revenue property. There have been many times it would have been easy to sell it and walk away. We did without a lot things other people were enjoying. You don't indicate where you live, but I'll make the assumption Calgary. Over the last 35 plus years, if you had a heart beat, a body temperature over 90 degrees and a pair of work boots you had a job almost anywhere you wanted. If you didn't have or couldn't afford the boots many places would supply them. Not only that, but lots of overtime too. Very few young people want overtime. Many of them are too busy on the text machine or phone to be bothered to work, even when they are on the clock. Hint: If you did stay off the phone and show a bit of interest and initiative you would probably be moving up the ladder in very short order. The last 4 or 5 years haven't been as good, but there was still work around if you wanted it. I delivered papers when in high school to buy a motor bike. After high school worked on a paving crew. Started at 7 AM and worked till dark many nights. Yes, 8, 9 and even 10 o'clock. Oh, buy the way make damn sure you're here at 7 tomorrow. Winter time I worked on seismic crews. Froze my butt in the high arctic. Like about 200 miles from north magnetic at one point. Oh yeah, put in a lot more hours working there. Spent many holidays, birthdays, funerals, anniversaries and any other family or fun event you can think of working. Often times stuck in a not so nice bush camp.
After all that you're going to tell me I'm a greedy areso for charging some poor soul rent for a building that I busted my butt to get?

Up to the last few weeks, Corona issue, it has still been possible to save and buy a house. Start small. That's what we did. Quit going to the bar all the time. Oh right, you can't do that right now. Quit the liquor store and the pot shop. Skip the fast food and skip the dishes. Live within your means. In short get off your whiny arse and on your dying feet. Put your tail up, your head down and giver! Nobody on the planet owes you a damn thing!! :snapoutofit::snapoutofit:

[marky_mark]

Housing prices have far surpassed inflation in the last 20 years.
https://i.imgur.com/kuAHTOL.png

All I'm doing is stating factual information. You seem to be the one trying to make "excuses". What for? So that you can believe the young generation are lazy idiots and that you are superior, I guess? Quite a sick mentality.

What’s your cost of owning when you factor in lower interest rates

[hal53]

Housing prices have far surpassed inflation in the last 20 years.
https://i.imgur.com/kuAHTOL.png

All I'm doing is stating factual information. You seem to be the one trying to make "excuses". What for? So that you can believe the young generation are lazy idiots and that you are superior, I guess? Quite a sick mentality.
Nice chart...??????:thinking-006::thinking-006:

[Lamburt]

What were your last 20 names in here again? I bet I can guess them. Actually I already know.

To your ridiculous reply;

So landlords are parasites?

Know what I tell anyone looking to rent to someone living in their car, looking for a furnished house and 'starting work next week at some business, forget the name'?

Just throw $10,000 in the wind, tell the person to grab as much as they can on the way to never coming back again, because it is cheaper that way.

I turn away more business for Landlords than all other work combined, in fact more in a year than over 30 combined for all the rest.

Rental properties cost owners countless millions per year. Deadbeat renters do not care at all, their intention is to live free, destroy the place when they leave and make it unliveable for anyone else. Of course I am talking about a percentage of losers, not all renters are bad. In some cases some landlords have had the same renters for many years, even decades but that is the exception to the rule.

I bolded the stupidest parts of your reply. You obviously do not care that the Owner has to fix everytime you wreck the place, has to carry the burden of the mortgage, has to clean and paint and relist everytime there is a midnight move, then is stuck with thousands of dollars loss, because the entitled property destroying renter will never have a job that will be garnishable.

Who exactly is the parasite again?
My position is that landlords are parasites because they do not add any value to the equation, they simply hoard a resource, which causes the price to be inflated, and then sell it to people who can't afford the inflated price. Just like people hoarding toilet paper.

You are right that many tenants hate landlords - precisely because they are parasites looking to get rich quick off the hard work of the tenants - and destroy their properties. This is perfectly natural and expected. For landlords, that's part of the "business" of exploiting people for easy money. They have to do a really good job of picking serfs.

[Lamburt]

What’s your cost of owning when you factor in lower interest rates
20-40 years of debt slavery.

[marky_mark]

If you want to complain about something
I’d go with vehicle prices
They gave gone up astronomically

[marky_mark]

20-40 years of debt slavery.

It’s called a mortgage
Pay it off in 5 years if you don’t want to do it in 20-40
Your call

[marky_mark]

It’s so hard to do
But I would wager a lot of money
That a vast majority of the people on this forum have done it

[pikergolf]

Housing prices have far surpassed inflation in the last 20 years.
https://i.imgur.com/kuAHTOL.png

All I'm doing is stating factual information. You seem to be the one trying to make "excuses". What for? So that you can believe the young generation are lazy idiots and that you are superior, I guess? Quite a sick mentality.

That chart is driven by large cities, Calgary, Toronto, Montreal and Vancouver. Lots of cheap housing if you are willing to live in a small centre. Hell, in Medicine Hat you can be in a starter for under 200,000 easy, real easy, and it is a wonderful city.

[Smoky buck]

20-40 years of debt slavery.

Maybe pick a more affordable location :snapoutofit:

[liar]

You are right that many tenants hate landlords - precisely because they are parasites looking to get rich quick off the hard work of the tenants - and destroy their properties. This is perfectly natural and expected .

:thinking-006:

[KGB]

Obviously, you haven't read the new book by J.K. Stalin. :thinking-006:

Wow boys, looks like we have a real red Commi here! He should change his name from Lamburt to Lenin...:sHa_shakeshout:

[MyAlberta]

20-40 years of debt slavery.

Try walking through the rental investment formula, and see what the ROI is. If it’s so good, shouldn’t you be an investor? Many investment gurus advocate not purchasing a personal property, and using those monies to invest. How do you know that millions of renters aren’t benefiting from thier situation. If your astute, you’ll be saving your down deposit for the upcoming sag in pricing. Be ready if your buying rental, because that window (the one that makes the formula work), is a very tight one indeed. For personal, relax, there’ll be plenty to choose from, until the rates start moving. But then the blame shifts to the banks. Is there ever a time when you may be a factor?

[Lamburt]

I know quite a few couples who have leveraged tenancy to help them acquire equity in thier home purchase. Win win.
I would not characterize paying $1000/mo towards someone else's mortgage as a "win" for the tenants. Definitely a win for the landlords, though, if they can find a poor sucker who does that for them.

There is still affordable housing available you just need to be flexible on your location

Excuses will not improve your situation and it’s not everyone else’s fault. Your life is what you make it

I am not a boomer and did not have everything handed to me. Spent my teens as a homeless coach surfer and know what it’s like to be hungry. I got ofF my butt and made something of myself. I own 2 houses and actually most of my non boomer friends own their homes.

Please tell me how rough it is out there, how it’s too hard, and everyone is holding you back :sHa_sarcasticlol:
Yea, just move to a ghost town in the middle of nowhere with no services or employment and housing can be affordable. Great solution!

[st99]

Maybe pick a more affordable location :snapoutofit:

Or a smaller house. I bought an 1978 800 square foot house (in 2014) simply because I wanted it payed off in less than 10 yrs. Yes my friends brand new 2500 square foot houses look better, but at least me I'm not worried with what's happening right now, we could be in lock down for 6 months, I'll be fine.

It makes me laugh when people complain how things are harder than in 1980. I bet if you'd live like our parents did in the 80's, you'd be a lot richer now. Go the restaurant less than once a month, get rid of the cable, internet and your cell phone. Have only 1 car per family, and don't travel around the world. You'll get rich on an 80's life style.

[hal53]

I would not characterize paying $1000/mo towards someone else's mortgage as a "win" for the tenants. Definitely a win for the landlords, though, if they can find a poor sucker who does that for them.


Yea, just move to a ghost town in the middle of nowhere with no services or employment and housing can be affordable. Great solution!
Oh well...I guess the best bet for you is to stay right there in your Moms basement then.:)

[MyAlberta]

I would not characterize paying $1000/mo towards someone else's mortgage as a "win" for the tenants. Definitely a win for the landlords, though, if they can find a poor sucker who does that for them.


Yea, just move to a ghost town in the middle of nowhere with no services or employment and housing can be affordable. Great solution!

So, why are you on the wrong side of the formula?

[Trochu]

It makes me laugh when people complain how things are harder than in 1980. I bet if you'd live like our parents did in the 80's, you'd be a lot richer now. Go the restaurant less than once a month, get rid of the cable, internet and your cell phone. Have only 1 car per family, and don't travel around the world. You'll get rich on an 80's life style.

Isn't that the truth though. Nobody want's to live like our parents in the '80's, just complain about how easy they had it. I know lots and lots and lots of people with $800.00 phones, multiple TV's throughout the house, tablets/computers/laptops, Cable/Netflix/Disney Plus, 2+ cars, eat out regularly, bikes/quads/sleds/boats/RV's/etc. When I was a kid, of that list, we had one family computer and internet. That was it. Of course it's easier to afford a house.

[marky_mark]

Oh well...I guess the best bet for you is to stay right there in your Moms basement then.:)

Sitting in the basement waiting for his inheritance

[big zeke]

I hear lots of folks complaining about money yet these same folks don't have a good handle on how they spend theirs and what can be turned off in tight times. Until you have some financial tracker (more than just your credit card bill) you often never see small financial leaks that can be plugged and your money better spent (or maybe even saved).

It's easy to save $0.10 ten times...and then you have a dollar. And a dollar ten times and you have ten and so on and so on.

Starbucks might be more expensive than Tims, Superstore cheaper than Safeway (watch the sales and stock up), renting rarely used tools rather than owning. Mowing your grass rather than paying someone. It all adds up.

BTW, not a fan of calling landlords parasites...they have a lot more at stake than a tenant and that risk deserves a reasonable reward. All they need is 1 month vacant a year and they are sitting at no profit. Their housing investment could drop as easy as it could rise and nobody will bail them out. If you think it's so easy you should try being one.

[darren32]

It makes me laugh when people complain how things are harder than in 1980. I bet if you'd live like our parents did in the 80's, you'd be a lot richer now. Go the restaurant less than once a month, get rid of the cable, internet and your cell phone. Have only 1 car per family, and don't travel around the world. You'll get rich on an 80's life style.

Really great post and oh so true.

[brendan's dad]

My position is that landlords are parasites because they do not add any value to the equation, they simply hoard a resource, which causes the price to be inflated, and then sell it to people who can't afford the inflated price. Just like people hoarding toilet paper.

You are right that many tenants hate landlords - precisely because they are parasites looking to get rich quick off the hard work of the tenants - and destroy their properties. This is perfectly natural and expected. For landlords, that's part of the "business" of exploiting people for easy money. They have to do a really good job of picking serfs.

Hey, 1 of my rentals is empty right now, can I pm you an application? You sound like you would make a great tenant.

[58thecat]

There is still affordable housing available you just need to be flexible on your location

Excuses will not improve your situation and it’s not everyone else’s fault. Your life is what you make it

I am not a boomer and did not have everything handed to me. Spent my teens as a homeless coach surfer and know what it’s like to be hungry. I got ofF my butt and made something of myself. I own 2 houses and actually most of my non boomer friends own their homes.

Please tell me how rough it is out there, how it’s too hard, and everyone is holding you back :sHa_sarcasticlol:



Well said....I knew you'd perk up and put things into perspective.

[58thecat]

I have concluded that Lamburt is a troll folks....tried wrapping my head around the posts....sooner watch my dog figure out which place to take her morning dump.

[Smoky buck]

I would not characterize paying $1000/mo towards someone else's mortgage as a "win" for the tenants. Definitely a win for the landlords, though, if they can find a poor sucker who does that for them.


Yea, just move to a ghost town in the middle of nowhere with no services or employment and housing can be affordable. Great solution!

Still making excuses

Don’t have to go to a ghost town and I would never suggest moving where there is no employment. Basic services are offered in these communities as well but you may need to travel a hour or 2 to a larger community a few times a year. You clearly need to get out and explore more

You can cry in someone’s basement suite paying rent in the city making an ok wage or you can move somewhere else make the same wage and buy a house or even buy a place and work a camp job

Keep crying and blame everyone else or utilize your options.

In the past I have offered people like you 80k a year jobs in affordable communities when they cry about how tough they have it. Not one maned up to take control of their life and kept crying

Excuses and crying holds you back it doesn’t improve your situation

I will retire early how about you :)

[Au revoir, Gopher]

I hear lots of folks complaining about money yet these same folks don't have a good handle on how they spend theirs and what can be turned off in tight times. Until you have some financial tracker (more than just your credit card bill) you often never see small financial leaks that can be plugged and your money better spent (or maybe even saved).

It's easy to save $0.10 ten times...and then you have a dollar. And a dollar ten times and you have ten and so on and so on.

Starbucks might be more expensive than Tims, Superstore cheaper than Safeway (watch the sales and stock up), renting rarely used tools rather than owning. Mowing your grass rather than paying someone. It all adds up.

BTW, not a fan of calling landlords parasites...they have a lot more at stake than a tenant and that risk deserves a reasonable reward. All they need is 1 month vacant a year and they are sitting at no profit. Their housing investment could drop as easy as it could rise and nobody will bail them out. If you think it's so easy you should try being one.

Many (many) years ago I started tracking our household finances in Quicken. After a couple months I looked at where our money was going, the single largest category was "Misc. Cash Expense" a.k.a. "we have know idea what we spent the money on". We started collecting all of our receipts and pretty soon the "Misc. Cash Expense" category was seldom used. You have to know where your money is going before you can decide if it is going to a good place.

ARG

[Ken07AOVette]

It makes me laugh when people complain how things are harder than in 1980. I bet if you'd live like our parents did in the 80's, you'd be a lot richer now. Go the restaurant less than once a month, get rid of the cable, internet and your cell phone. Have only 1 car per family, and don't travel around the world. You'll get rich on an 80's life style.

But that's the way you think when you were born in or after the 80's lol

[MyAlberta]

Many (many) years ago I started tracking our household finances in Quicken. After a couple months I looked at where our money was going, the single largest category was "Misc. Cash Expense" a.k.a. "we have know idea what we spent the money on". We started collecting all of our receipts and pretty soon the "Misc. Cash Expense" category was seldom used. You have to know where your money is going before you can decide if it is going to a good place.

ARG

I also tracked my expenses for 30 years. Housing and groceries were tops. Best investment for me was education. Charting my income clearly shows jumps in income were aligned with certifications.

[brendan's dad]

I am going to go out on a limb and guess Lamburt is BigJohn87 (recently banned)

He wants guaranteed income and free rent..... sounds like a real winner.

[Smoky buck]

But that's what happens when you were born in or after the 80's lol

Hey now some of us born in the 80’s on get it because we were not raised by by parents who were afraid to be too hard on us.

Some of you old buggers needed to beat your kids more so I would not be telling them they are embarrassing lazy idiots :sHa_sarcasticlol:

[Lamburt]

This is going to be fun! From your join date and number of posts it would appear you are a troll! Anyway, you are correct. Price of real estate has increased dramatically over time. Waaaay back in 1968 my Dad had a 20 K mortgage on a house in small town Alberta. That summer we moved to the big city of Calgary. His new mortgage was 40 K. I can still remember him crapping his pants. For several years after I left home I paid rent. Busted my tail to save and buy a house. First wife got that and I basically started over. Busted my tail again, bought another house. We looked at moving up, found another place we could afford and then stuck our necks out to keep the original house as a revenue property. There have been many times it would have been easy to sell it and walk away. We did without a lot things other people were enjoying. You don't indicate where you live, but I'll make the assumption Calgary. Over the last 35 plus years, if you had a heart beat, a body temperature over 90 degrees and a pair of work boots you had a job almost anywhere you wanted. If you didn't have or couldn't afford the boots many places would supply them. Not only that, but lots of overtime too. Very few young people want overtime. Many of them are too busy on the text machine or phone to be bothered to work, even when they are on the clock. Hint: If you did stay off the phone and show a bit of interest and initiative you would probably be moving up the ladder in very short order. The last 4 or 5 years haven't been as good, but there was still work around if you wanted it. I delivered papers when in high school to buy a motor bike. After high school worked on a paving crew. Started at 7 AM and worked till dark many nights. Yes, 8, 9 and even 10 o'clock. Oh, buy the way make damn sure you're here at 7 tomorrow. Winter time I worked on seismic crews. Froze my butt in the high arctic. Like about 200 miles from north magnetic at one point. Oh yeah, put in a lot more hours working there. Spent many holidays, birthdays, funerals, anniversaries and any other family or fun event you can think of working. Often times stuck in a not so nice bush camp.
After all that you're going to tell me I'm a greedy areso for charging some poor soul rent for a building that I busted my butt to get?

Up to the last few weeks, Corona issue, it has still been possible to save and buy a house. Start small. That's what we did. Quit going to the bar all the time. Oh right, you can't do that right now. Quit the liquor store and the pot shop. Skip the fast food and skip the dishes. Live within your means. In short get off your whiny arse and on your dying feet. Put your tail up, your head down and giver! Nobody on the planet owes you a damn thing!! :snapoutofit::snapoutofit:
Disagree. My parents owe me, and I'll tell you why. They inherited a lot from my grandparents. My grandparents however didn't give them everything so that they could cruise around the world having fun, they gave it to them with the expectation that they would have children, live frugally, and pass everything along similarly. That is how our civilization works. Life isn't about having fun for yourself and telling the next generation that you don't owe them anything and that they should fend for themselves.

Lucky for me, my parents are smart to that. Despite my dad dropping out of high school, they managed to do quite well mainly thanks to the oil boom (largely luck of when and where they were born). They ended up being worth a few million just from working oil and buying land that tripled in value in a short period of time. A few years ago they gave us free housing to live in until we buy our own. Very fair I think. My grandparents helped my parents build three houses from scratch, so they received a lot of help in that way.

Our family of 4 lives on $20K/yr so we are not wasteful at all. I learned to live that way from my parents and grandparents. The only vacations we ever did were hunting and fishing which are practically free. Wife works part time and we saved $80K after-tax last year. We are sitting very comfortably so I have nothing to complain about. I just wish we could have a correction in the housing market so we can get more house for our dollar, but unfortunately the government is hell bent on propping up the bubble. We will probably be buying within the next couple years.

All I am saying in this thread is that I can sympathize with the tenants who don't want to pay rent. If you guys can't, then it's because your own brains are incapable of understanding their position. And the reason for that is probably because you're too full of yourselves to admit that you were born into the most prosperous place and time in the world's history and your success is not purely due to your innate greatness, but to your very advantageous circumstances. I've never said that exploiting others is bad, just that you have to be realistic. Naturally tenants are going to hate landlords in this situation and if they have the opportunity to withhold rent or damage things, there's a good chance they will take it.

[big zeke]

I also tracked my expenses for 30 years. Housing and groceries were tops. Best investment for me was education. Charting my income clearly shows jumps in income were aligned with certifications.

Boring accounting crap...much more fun to buy that new gadget that the salesman convinced you that you need...the payments were only XXX a month spread out over twice it's useable life.

And then blame others for your situation.

Folks who don't protect themselves become victims...cuz they tend to make good victims (quote from an old boss)

Oh ya, and double down on that education thing, work experiences as well (no matter the format), it will never work against you.

[Lamburt]

It makes me laugh when people complain how things are harder than in 1980. I bet if you'd live like our parents did in the 80's, you'd be a lot richer now. Go the restaurant less than once a month, get rid of the cable, internet and your cell phone. Have only 1 car per family, and don't travel around the world. You'll get rich on an 80's life style.
I already have that lifestyle. It takes a lot more years to save up for a house now than it did in the 80s, because housing prices are 8X higher, interest rates are low, and wages did not rise nearly as fast as housing prices. I'm not sure why this would make you laugh. It's simply a fact that housing is less affordable today.

[SHEDHEAD]

[QUOTE=Lamburt;4140360]Disagree. My parents owe me,


I stopped reading at this point.

[Trochu]

Disagree. My parents owe me, and I'll tell you why. They inherited a lot from my grandparents. My grandparents however didn't give them everything so that they could cruise around the world having fun, they gave it to them with the expectation that they would have children, live frugally, and pass everything along similarly. That is how our civilization works. Life isn't about having fun for yourself and telling the next generation that you don't owe them anything and that they should fend for themselves.

Lucky for me, my parents are smart to that. Despite my dad dropping out of high school, they managed to do quite well mainly thanks to the oil boom (largely luck of when and where they were born). They ended up being worth a few million just from working oil and buying land that tripled in value in a short period of time. A few years ago they gave us free housing to live in until we buy our own. Very fair I think. My grandparents helped my parents build three houses from scratch, so they received a lot of help in that way.

Our family of 4 lives on $20K/yr so we are not wasteful at all. I learned to live that way from my parents and grandparents. The only vacations we ever did were hunting and fishing which are practically free. Wife works part time and we saved $80K after-tax last year. We are sitting very comfortably so I have nothing to complain about. I just wish we could have a correction in the housing market so we can get more house for our dollar, but unfortunately the government is hell bent on propping up the bubble. We will probably be buying within the next couple years.

All I am saying in this thread is that I can sympathize with the tenants who don't want to pay rent. If you guys can't, then it's because your own brains are incapable of understanding their position. And the reason for that is probably because you're too full of yourselves to admit that you were born into the most prosperous place and time in the world's history and your success is not purely due to your innate greatness, but to your very advantageous circumstances. I've never said that exploiting others is bad, just that you have to be realistic. Naturally tenants are going to hate landlords in this situation and if they have the opportunity to withhold rent or damage things, there's a good chance they will take it.

Wow....a lot of crazy in there.
Parents "owe" you, not at all.
Parent's gave you a house, explains alot.
Live off $20k/year, maybe if Mom and Dad are paying still.
If you've saved money, it doesn't matter if its before or after taxes.
My brain is fully capable of understanding you shouldn't steal from people thank you very much.
Exploiting people is bad!!
I've rented, in no way shape or form did I hate my landlord.
Maybe you should trash your landlord's house and then sit them down and explain it, if they don't get it, you could tell them it's because "they're too full of themselves"! :sHa_shakeshout:

Be honest, you don't actually believe this right, just trolling in your basement?

[EZM]

I side with the renters on this. Landlords are parasites. They don't add value like a beneficial business does, they extort money from people by having monopolized something that's essential for living. Poor people are forced to pay them because there is practically no other option. It's similar to how people bought up all the toilet paper when the pandemic hit, hoping to sell it 10X markup, only with housing for some reason it's been normalized and the government is complicit in it, while with toilet paper it's rightfully viewed as scummy.

You are worried about your retirement, but you don't care that your poor tenants will probably never own their own house, let alone have any retirement of their own, thanks to housing being unaffordable, thanks to people like you monopolizing it. You say they are "entitled" because they don't want to pay rent, but you don't see anything wrong with your own feeling of being entitled to get $1000+/mo from them in exchange for practically no work on your part.

In my opinion, Canada should regulate the housing market. People should not be allowed to buy up 10+ houses. Foreign ownership should be banned until housing is affordable to Canadians. Perhaps renting should only be allowed for properties specifically zoned for it. Although your easy money retirement dreams would suffer, we'd be better off by most other metrics.

Otherwise, wealth inequality will continue to grow. Wealth inequality leads to civil unrest. If it goes far enough, it ends up with the poor people cutting off the heads of the rich people. History shows this quite clearly so don't act shocked if, after you've monopolized property and are getting paid for doing nothing, your serfs start to stand up for themselves against your system and throw a wrench in your plan for easy money.

Unfortunately Canada appears to be doing the opposite. More immigrants to push housing prices higher. Free money to prop up all the people who are overextended themselves because they bought housing at ridiculous prices, in many cases buying more housing than they needed to try to extort money from those less fortunate. It's no surprise that crime and civil unrest are on the rise. Hopefully you have an exit plan as housing will end up worthless if the cities turn into slums.

Unbelievable.

I actually agree with absolutely nothing you said here. Nothing.

No point in even responding is there.

[Lamburt]

BTW, not a fan of calling landlords parasites...they have a lot more at stake than a tenant and that risk deserves a reasonable reward. All they need is 1 month vacant a year and they are sitting at no profit. Their housing investment could drop as easy as it could rise and nobody will bail them out. If you think it's so easy you should try being one.
There is not much risk. They are in a frenzy buying up a finite resource and the government is on their side (ie. high immigration, high regulations on new housing supply). And very little work involved. Right now, some provincial governments are currently bailing landlords out by subsidizing rent payments. They are parasites because they are adding no value. They are simply middle-men who cause the price of housing to be a lot higher than it otherwise would be, thereby causing a lot of hardship for other people, so that they can get some easy money.

[Smoky buck]

There is not much risk. They are in a frenzy buying up a finite resource and the government is on their side (ie. high immigration, high regulations on new housing supply). And very little work involved. Right now, some provincial governments are currently bailing landlords out by subsidizing rent payments. They are parasites because they are adding no value. They are simply middle-men who cause the price of housing to be a lot higher than it otherwise would be, thereby causing a lot of hardship for other people, so that they can get some easy money.

You do realize the only value in renting out your house is so you can hold onto it till the market reach a good point for resale. Outside of that you don’t make a very good return for the expenses and investment in the house

[Lamburt]

I thought about typing a logical response but then thought no let’s not go into crazy town because common sense cannot be found there :)
Not an argument.

Unbelievable.

I actually agree with absolutely nothing you said here. Nothing.

No point in even responding is there.
Not an argument.

Wow....a lot of crazy in there.
Parents "owe" you, not at all.
Parent's gave you a house, explains alot.
Live off $20k/year, maybe if Mom and Dad are paying still.
I explained why my parents owe me. From that perspective, all parents owe their children. I'm sorry if this offends you because you want to feel that you don't have any responsibility in life and are just on this planet to have fun.

You can think of it as my parents giving me a several-hundred-thousand dollar interest-free loan. They own a spare house that we live in.

As for living expenses, yes, we live on $20K/year. Food is the biggest expense. No eating out. One older vehicle that I maintain myself. All kids stuff is second hand, much of it obtained for free. It's actually fun being as frugal as you can be. There is very little we can't do ourselves. Our only vacations are camping, which are free. This just goes to show how wrong everyone in this thread was who insinuated that we can't afford a house due to being extremely irresponsible with money. The reality is that even the most frugal people now have to save for a decade to be able to afford a house. Houses are not as affordable as they were 20, 40, or 60 years ago.

[marky_mark]

Did we not call it about him living for free at home lol

[Ken07AOVette]

Disagree. My parents owe me, and I'll tell you why. They inherited a lot from my grandparents. My grandparents however didn't give them everything so that they could cruise around the world having fun, they gave it to them with the expectation that they would have children, live frugally, and pass everything along similarly. That is how our civilization works. Life isn't about having fun for yourself and telling the next generation that you don't owe them anything and that they should fend for themselves.


You have just perfectly explained entitlement.

You are living on peanuts waiting for the folks to go toes up so you don't have to work anymore.

I still think I know who this is, why not tell the real story?

G'men we are being trolled. Someone hiding the house suffering from 'anxiety' is playing games. No more outta me. Don't feed the troll.

[Lamburt]

You do realize the only value in renting out your house is so you can hold onto it till the market reach a good point for resale. Outside of that you don’t make a very good return for the expenses and investment in the house
That is often true as real estate speculators are in such a frenzy that they bid up prices to the point where rentals are cash flow negative, yet landlords are still buying expecting large capital gains. At least in hot markets like Toronto that's the point they have reached.

These speculators are a curse and the government should be stepping in to shut it down. They result in an extreme elevation of housing prices to the detriment of everyone else (many of whom are then forced to rent from those speculators). But governments like it so far because that means higher property values and higher taxes, and the average Canadian idiot hasn't yet figured all this out and given the government a mandate to step in. I think it will happen soon. We are nearing the breaking point where there's not much upside left but a lot of downside. I'm still hopeful the virus will trigger a correction but it's so unknown that we have to watch and see.

[marky_mark]

Why dont you just say your waiting for your folks to pass so that you can get your inheritance. Because that seems like what your waiting for.
I have scum bag siblings too that see my folks as dollar signs also

So you seen how your folks were able to turn what their parents gave them into a little "empire". Their hard work in the oil patch, which im guessing is a level so low that you would never consider doing it yourself. None of their success and work ethic obviously rubbed off on you. I bet your siblings are doing a lot better than you and your probably a little jealous.

[Lamburt]

You have just perfectly explained entitlement.

You are living on peanuts waiting for the folks to go toes up so you don't have to work anymore.
Not true at all. I hope my parents live a long time yet. When they pass away, I will be a good steward of the inheritance. Most of it will go straight to my children, who will be raised with the same values.

I could retire before age 50 without relying at all on inheritance, simply because we can live so cheaply and save a lot of money. But I will probably continue working because that will provide a larger safety net for my children.


I still think I know who this is, why not tell the real story?

G'men we are being trolled. Someone hiding the house suffering from 'anxiety' is playing games. No more outta me. Don't feed the troll.
I don't think I know you. No anxiety here.

[marky_mark]

You have just perfectly explained entitlement.

You are living on peanuts waiting for the folks to go toes up so you don't have to work anymore.

I still think I know who this is, why not tell the real story?

G'men we are being trolled. Someone hiding the house suffering from 'anxiety' is playing games. No more outta me. Don't feed the troll.

bingo i was typing as you were typing

[Trochu]

As for living expenses, yes, we live on $20K/year. Food is the biggest expense.

Forgive me, but I don't believe you unless you're still mooching off your parents with them paying house taxes, insurance, maintenance, utilities, etc. For reference, the poverty line in Canada is right around $40k and you're stating to be living at half of it. Half the poverty line....:thinking-006:

[Lamburt]

Forgive me, but I don't believe you unless you're still mooching off your parents with them paying house taxes, insurance, maintenance, utilities, etc. For reference, the poverty line in Canada is right around $40k and you're stating to be living at half of it. Half the poverty line....:thinking-006:
That poverty line is probably including rental costs of $20K/year so the total would be $40K/year. We get a higher standard of living for our dollars than your average person because we are price conscious and do a lot of things ourselves that other people would pay for. We eat very well.

[Smoky buck]

There is not much risk. They are in a frenzy buying up a finite resource and the government is on their side (ie. high immigration, high regulations on new housing supply). And very little work involved. Right now, some provincial governments are currently bailing landlords out by subsidizing rent payments. They are parasites because they are adding no value. They are simply middle-men who cause the price of housing to be a lot higher than it otherwise would be, thereby causing a lot of hardship for other people, so that they can get some easy money.

That is often true as real estate speculators are in such a frenzy that they bid up prices to the point where rentals are cash flow negative, yet landlords are still buying expecting large capital gains. At least in hot markets like Toronto that's the point they have reached.

These speculators are a curse and the government should be stepping in to shut it down. They result in an extreme elevation of housing prices to the detriment of everyone else (many of whom are then forced to rent from those speculators). But governments like it so far because that means higher property values and higher taxes, and the average Canadian idiot hasn't yet figured all this out and given the government a mandate to step in. I think it will happen soon. We are nearing the breaking point where there's not much upside left but a lot of downside. I'm still hopeful the virus will trigger a correction but it's so unknown that we have to watch and see.

I have a feeling you are going to find life after Covid19 even harder :sHa_sarcasticlol:

You will likely see a drop in the market in some areas with the economy which will do nothing to improve the situation for people already finding things difficult. What is also likely to happen if you look back on history of other major economic down turns is an increase in housing demand in cities with people leaving smaller areas in search of work. Talk to people who have gone through depressions and tough times

But keep googling how your getting screwed by the system and pray for government to save you lol

The system is fine the problem is you fail at adapting and improving your situation.

Myself and a very large portion of Canadians will pass on the government intervention we are doing fine without it

[EZM]

That poverty line is probably including rental costs of $20K/year so the total would be $40K/year. We get a higher standard of living for our dollars than your average person because we are price conscious and do a lot of things ourselves that other people would pay for. We eat very well.

$20K a year ?????….. my primary home where we live …. and I have no mortgage, car payments or other "debt" cost associated with my primary residence ….. I find this very hard to believe (rent or mortgage free or not).

Property Tax - $5000/yr
Utilities - $4000/yr
Phone/Internet/Cable - $3000/yr
Fuel for Cars - $4000/yr
Insurance House/Cars - $4000/yr

$ 20,000 there already ...........ooooopppps ….. none left for food already ……… and still bills to pay for cost of living ………

I realize Maybe this may be 25-30% higher than average - but these are my numbers, in real life, and the point is the same …..

There is NO WAY you can cover living costs @ $20K/yr

More like $50K/yr IMO

[MyAlberta]

That is often true as real estate speculators are in such a frenzy that they bid up prices to the point where rentals are cash flow negative, yet landlords are still buying expecting large capital gains. At least in hot markets like Toronto that's the point they have reached.

These speculators are a curse and the government should be stepping in to shut it down. They result in an extreme elevation of housing prices to the detriment of everyone else (many of whom are then forced to rent from those speculators). But governments like it so far because that means higher property values and higher taxes, and the average Canadian idiot hasn't yet figured all this out and given the government a mandate to step in. I think it will happen soon. We are nearing the breaking point where there's not much upside left but a lot of downside. I'm still hopeful the virus will trigger a correction but it's so unknown that we have to watch and see.

You are right, Canadians haven’t figured it out yet. Foreign buyers shop the world, and then they see the Canadian market, they buy enmass. I delayed my first home purchase because I thought I needed a larger down payment. In the year I scraped together another 25k, house prices jumped 50k. Go figure.

[MyAlberta]

Disagree. My parents owe me, and I'll tell you why. They inherited a lot from my grandparents. My grandparents however didn't give them everything so that they could cruise around the world having fun, they gave it to them with the expectation that they would have children, live frugally, and pass everything along similarly. That is how our civilization works. Life isn't about having fun for yourself and telling the next generation that you don't owe them anything and that they should fend for themselves.

Lucky for me, my parents are smart to that. Despite my dad dropping out of high school, they managed to do quite well mainly thanks to the oil boom (largely luck of when and where they were born). They ended up being worth a few million just from working oil and buying land that tripled in value in a short period of time. A few years ago they gave us free housing to live in until we buy our own. Very fair I think. My grandparents helped my parents build three houses from scratch, so they received a lot of help in that way.

Our family of 4 lives on $20K/yr so we are not wasteful at all. I learned to live that way from my parents and grandparents. The only vacations we ever did were hunting and fishing which are practically free. Wife works part time and we saved $80K after-tax last year. We are sitting very comfortably so I have nothing to complain about. I just wish we could have a correction in the housing market so we can get more house for our dollar, but unfortunately the government is hell bent on propping up the bubble. We will probably be buying within the next couple years.

All I am saying in this thread is that I can sympathize with the tenants who don't want to pay rent. If you guys can't, then it's because your own brains are incapable of understanding their position. And the reason for that is probably because you're too full of yourselves to admit that you were born into the most prosperous place and time in the world's history and your success is not purely due to your innate greatness, but to your very advantageous circumstances. I've never said that exploiting others is bad, just that you have to be realistic. Naturally tenants are going to hate landlords in this situation and if they have the opportunity to withhold rent or damage things, there's a good chance they will take it.

Curious, how much are your ‘parasitic’ parents are charging you for rent? I don’t have as much problem with those that can’t pay the rent compared to those that don’t want to pay the rent.

[zabbo]

Disagree. My parents owe me, and I'll tell you why. They inherited a lot from my grandparents. My grandparents however didn't give them everything so that they could cruise around the world having fun, they gave it to them with the expectation that they would have children, live frugally, and pass everything along similarly. That is how our civilization works. Life isn't about having fun for yourself and telling the next generation that you don't owe them anything and that they should fend for themselves.

Lucky for me, my parents are smart to that. Despite my dad dropping out of high school, they managed to do quite well mainly thanks to the oil boom (largely luck of when and where they were born). They ended up being worth a few million just from working oil and buying land that tripled in value in a short period of time. A few years ago they gave us free housing to live in until we buy our own. Very fair I think. My grandparents helped my parents build three houses from scratch, so they received a lot of help in that way.

Our family of 4 lives on $20K/yr so we are not wasteful at all. I learned to live that way from my parents and grandparents. The only vacations we ever did were hunting and fishing which are practically free. Wife works part time and we saved $80K after-tax last year. We are sitting very comfortably so I have nothing to complain about. I just wish we could have a correction in the housing market so we can get more house for our dollar, but unfortunately the government is hell bent on propping up the bubble. We will probably be buying within the next couple years.

All I am saying in this thread is that I can sympathize with the tenants who don't want to pay rent. If you guys can't, then it's because your own brains are incapable of understanding their position. And the reason for that is probably because you're too full of yourselves to admit that you were born into the most prosperous place and time in the world's history and your success is not purely due to your innate greatness, but to your very advantageous circumstances. I've never said that exploiting others is bad, just that you have to be realistic. Naturally tenants are going to hate landlords in this situation and if they have the opportunity to withhold rent or damage things, there's a good chance they will take it.

Wow! another trust fund child out to save the world with everyone else's money! Think you belong in Ottawa!

You are correct about one ting, we boomers were born in a time of great opportunity. The rest of the story is, we busted our butts and made the best of it! Guess you missed that part. :budo:

[Lamburt]

$20K a year ?????….. my primary home where we live …. and I have no mortgage, car payments or other "debt" cost associated with my primary residence ….. I find this very hard to believe (rent or mortgage free or not).

Property Tax - $5000/yr
Utilities - $4000/yr
Phone/Internet/Cable - $3000/yr
Fuel for Cars - $4000/yr
Insurance House/Cars - $4000/yr

$ 20,000 there already ...........ooooopppps ….. none left for food already ……… and still bills to pay for cost of living ………

I realize Maybe this may be 25-30% higher than average - but these are my numbers, in real life, and the point is the same …..

There is NO WAY you can cover living costs @ $20K/yr

More like $50K/yr IMO
Phone/Internet/Cable = $500/year
Fuel = $1500/year
Insurance for car = $800/year

You're spending $8200/year more than we spend on those 3 items.

[Ken07AOVette]

Property Tax - $5000/yr
Utilities - $4000/yr
Phone/Internet/Cable - $3000/yr
Fuel for Cars - $4000/yr
Insurance House/Cars - $4000/yr


I hear you on these, I had a talk with my insurance agent today about this. I said I may be dropping house and boat insurance this year if things don't improve. She got all panicy, and I said there is no point insuring a cold house with no heat, power, water or food in it. I can't eat the house and boat sales are at a stop right now.

I dropped insurance on my trucks, will pull the batteries and hope they don't walk. Can't eat them either.

(I'm not starving yet, just watching pennies as the dollars are flying out the door)

[Lamburt]

You are right, Canadians haven’t figured it out yet. Foreign buyers shop the world, and then they see the Canadian market, they buy enmass. I delayed my first home purchase because I thought I needed a larger down payment. In the year I scraped together another 25k, house prices jumped 50k. Go figure.
Shame on Canadians for selling out this country to the highest bidder... to fund their retirement, at the expense of their children living in a country that doesn't resemble traditional Canada anymore.

[Lamburt]

Curious, how much are your ‘parasitic’ parents are charging you for rent? I don’t have as much problem with those that can’t pay the rent compared to those that don’t want to pay the rent.
My parents are not parasitic, they are allowing us to live in a spare house on one of their properties for free. Some of you must think they are real idiots, they could kick us out on the street and be renting that space to some foreigner instead and that would be a big win for them!

[MyAlberta]

Shame on Canadians for selling out this country to the highest bidder... to fund their retirement, at the expense of their children living in a country that doesn't resemble traditional Canada anymore.

So, how much rent are you depriving your parents of?

Canada was made of immigrants who toiled for thier homesteads. Every sibling in my family owns thier homes. We haven’t seen any inheritance, nor do we depend on it.

[Smoky buck]

You know the more I read these posts they become familiar

This BS has been spouted before under a different handle I am about 95% sure

[Smoky buck]

So, how much rent are you depriving your parents of?

Canada was made of immigrants who toiled for thier homesteads.

It’s ok his parents still owe him lol

[Ken07AOVette]

So, how much rent are you depriving your parents of?

Canada was made of immigrants who toiled for thier homesteads.

My parents are not parasitic, they are allowing us to live in a spare house on one of their properties for free. Some of you must think they are real idiots, they could kick us out on the street and be renting that space to some foreigner instead and that would be a big win for them!

We are being punked here, where's Ashton? Wasn't april fools yesterday?

[Lamburt]

Wow! another trust fund child out to save the world with everyone else's money! Think you belong in Ottawa!
On the contrary, I'm not trying to spend anyone's money. I am an advocate of smaller government. I'd love to see the government not bail people out, and let the housing bubble deflate as it naturally would if not for government actions to keep it inflated.

You are correct about one ting, we boomers were born in a time of great opportunity. The rest of the story is, we busted our butts and made the best of it! Guess you missed that part. :budo:
Every generation works approximately as hard as the others. The main difference between generations is not the people themselves, but the environment that there exist in (social, political, etc). Boomers were born into the most propitious opportunity that mankind has known. Sadly, their success got to their head in many cases leading them to believe that their success was solely due to their personal greatness!

[Lamburt]

So, how much rent are you depriving your parents of?

Canada was made of immigrants who toiled for thier homesteads. Every sibling in my family owns thier homes. We haven’t seen any inheritance, nor do we depend on it.
Congrats on being old enough that you could buy houses >15 years ago. A real accomplishment!

[marky_mark]

On the contrary, I'm not trying to spend anyone's money. I am an advocate of smaller government. I'd love to see the government not bail people out, and let the housing bubble deflate as it naturally would if not for government actions to keep it inflated.


Every generation works approximately as hard as the others. The main difference between generations is not the people themselves, but the environment that there exist in (social, political, etc). Boomers were born into the most propitious opportunity that mankind has known. Sadly, their success got to their head in many cases leading them to believe that their success was solely due to their personal greatness!


1 Your folks are bailing you out, its obvious you wouldnt survive if they werent giving you hand outs and supporting you

2 You obviously havent worked as hard as the previous generations because your 10000000% relying on the previous generations hard work in order for you to survive

You dont think that the previous 20 years in alberta wasnt prosperous?????

[MyAlberta]

On the contrary, I'm not trying to spend anyone's money. I am an advocate of smaller government. I'd love to see the government not bail people out, and let the housing bubble deflate as it naturally would if not for government actions to keep it inflated.


Every generation works approximately as hard as the others. The main difference between generations is not the people themselves, but the environment that there exist in (social, political, etc). Boomers were born into the most propitious opportunity that mankind has known. Sadly, their success got to their head in many cases leading them to believe that their success was solely due to their personal greatness!

At no point do I not appreciate what this country has provided me in opportunity. That doesn’t mean I take advantage of others.

It has come to my attention, that you are simply not qualified to discuss the topic at hand

Good day

[marky_mark]

I hope someone on here knows you and shows this to your family

100% outta the will
Then what?

[Lamburt]

1 Your folks are bailing you out, its obvious you wouldnt survive if they werent giving you hand outs and supporting you
That's what families are parents are for. I feel sorry for your kids if you dumped them in the gutter at the first opportunity you had.


2 You obviously havent worked as hard as the previous generations because your 10000000% relying on the previous generations hard work in order for you to survive

You dont think that the previous 20 years in alberta wasnt prosperous?????
Incorrect. My hard work has simply earned less, due to environmental conditions I am living in being less favorable. I've only been in the work force for 10 years. During the last 5, Alberta has been suffering.

[marky_mark]

That's what families are parents are for. I feel sorry for your kids if you dumped them in the gutter at the first opportunity you had.


Incorrect. My hard work has simply earned less, due to environmental conditions I am living in being less favorable. I've only been in the work force for 10 years. During the last 5, Alberta has been suffering.

1 No its not. Ive seen far too many people get taken advantage of by their useless children and its financially ruined them

2 Until 6 weeks ago things were not that bad in alberta if you were willing to work and stay outta the drugs or booze

[Lamburt]

Foreign buyers shop the world, and then they see the Canadian market, they buy enmass.
With the money that the boomers gave them during decades of globalism, buying their cheap junk. That is another angle to how Canada was sold off.

I hope someone on here knows you and shows this to your family

100% outta the will
Then what?
I've discussed all this with my parents and they agree. As I've said, I would be fine without an inheritance. At this point we've saved up over $500K and are ready to buy when the right opportunity presents itself. We are a family and we work together. They are not competing against me like they want to be richer or better than their kids or something. That's a sick mentality I've observed in some people.

[marky_mark]

The worst thing is your procreating

[marky_mark]

With the money that the boomers gave them during decades of globalism, buying their cheap junk. That is another angle to how Canada was sold off.


I've discussed all this with my parents and they agree. As I've said, I would be fine without an inheritance. At this point we've saved up over $500K and are ready to buy when the right opportunity presents itself. We are a family and we work together. They are not competing against me like they want to be richer or better than their kids or something. That's a sick mentality I've observed in some people.

Uh huh
Then why were you complaining earlier about being in debt for 20-40 years if youve saved up 500k?
Another guy that lies through his teeth and cant remember the truth anymore

[MyAlberta]

With the money that the boomers gave them during decades of globalism, buying their cheap junk. That is another angle to how Canada was sold off.


I've discussed all this with my parents and they agree. As I've said, I would be fine without an inheritance. At this point we've saved up over $500K and are ready to buy when the right opportunity presents itself. We are a family and we work together. They are not competing against me like they want to be richer or better than their kids or something. That's a sick mentality I've observed in some people.

Ok, so now your making a bit more sense. My inlaws work the same way, but everyone carries thier wieght and makes roughly equivalent contributions. You aren’t German are you? Your father must be calling the financial shots? For me, having the kids (no family) home makes the most sense, but they gotta do thier things. Your shot at landlords was cheap and unfounded. Rentals can be a good investment as holding for timed value. Unless your father sits on the bag with all his cash, he knows.

[Smoky buck]

This guy has run this routine in the past under a different handle.

Same crying about how his parents owe him boomers sold out his future make it impossible for his generation to get ahead blah blah

The guy is still unable to figure out how to be an adult

[marky_mark]

This guy has run this routine in the past under a different handle.

Same crying about how his parents owe him boomers sold out his future make it impossible for his generation to get ahead blah blah

The guy is still unable to figure out how to be an adult

25 posts and id guess most are here

[MyAlberta]

With the money that the boomers gave them during decades of globalism, buying their cheap junk. That is another angle to how Canada was sold off.


I've discussed all this with my parents and they agree. As I've said, I would be fine without an inheritance. At this point we've saved up over $500K and are ready to buy when the right opportunity presents itself. We are a family and we work together. They are not competing against me like they want to be richer or better than their kids or something. That's a sick mentality I've observed in some people.

Ok, so now your making a bit more sense. My inlaws work the same way, but everyone carries thier wieght and makes roughly equivalent contributions. You aren’t German are you? Your father must be calling the financial shots? For me, having the kids (no family) home makes the most sense, but they gotta do thier things. Your shot at landlords was cheap and unfounded. Rentals can be a good investment as holding for timed value. Unless your father sits on the bag with all his cash, he knows.

So, with your bag of cash, why haven’t you invested in rentals? Doesn’t sound like you are a stocks kind of guy.

[Trochu]

This guy has run this routine in the past under a different handle.

Same crying about how his parents owe him boomers sold out his future make it impossible for his generation to get ahead blah blah

The guy is still unable to figure out how to be an adult

It does sound familiar, parents have millions, mooches off his parents because they owe him, has 100's thousands but doesn't want to buy a house yet, waiting for the market, lives well below the poverty line etc.

[MyAlberta]

Beating up landlords

[EZM]

I hear you on these, I had a talk with my insurance agent today about this. I said I may be dropping house and boat insurance this year if things don't improve. She got all panicy, and I said there is no point insuring a cold house with no heat, power, water or food in it. I can't eat the house and boat sales are at a stop right now.

I dropped insurance on my trucks, will pull the batteries and hope they don't walk. Can't eat them either.

(I'm not starving yet, just watching pennies as the dollars are flying out the door)

I agree but I don't know if I want to drop the level of coverage on my cars or boat. Although my vehicles do not have a lien on them, and that means I can do simple and cheap insurance and don't require comprehensive, they are relatively new, and I want comprehensive and collision coverage on them (just in case we are at fault). If I total my wife's SUV or my truck, I have to dig another $50K (or more) out of my pocket to replace them PLUS have a university kid driving too (and her rate isn't cheap). To me, not worth it, I will pay the extra $2000/yr for this.

And then when you add the boat, house insurance - yeah, insurance is brutal.

As for the other costs, I'd say they are +/- within 30% of what other people pay.

I've thought about this since my post. I am easily $50K/yr without "extras" like vacation, educational costs, etc...

[MyAlberta]

His father is an old world guy. His cash is in the closet, and he’s taught the kids. Or, ‘father’ is figurative, referring to the leader. I’ve been watching a series of Black swan negotiating vids, and they describe this guy. Check it out

[58thecat]

I have concluded that Lamburt is a troll folks....tried wrapping my head around the posts....sooner watch my dog figure out which place to take her morning dump.

Don't feed the troll.....

[pikergolf]

Don't feed the troll.....

He has been banned at least three times that i can remember. The world owes him.

[obsessed1]

Lamburt was around a few months ago with the same story different name. He's a troll. He's also delusional and most likely a liar. His real name must be Justin Trudope because he's so full of Crap he's gagging.

[bushbug]

Iunderstand this is about rent but how would the government feel if everybody didnt pay their taxes because of covid 19

[MyAlberta]

Lamburt was around a few months ago with the same story different name. He's a troll. He's also delusional and most likely a liar. His real name must be Justin Trudope because he's so full of Crap he's gagging.

I’m thinking there’s a reason for it. Young father out on one of the colonies asking if he’s making the right choices. Or a native person stuck out on the reserve. Wouldn’t that make us look like idiots

[HyperMOA]

Lambert is AVB3, or he supposedly hacked his account on the infamous day that AVB3 snapped and was banned. He was also playwell, I think. Some of you might remember that thread too. Basically the exact same nonsense as this one; just replace landlords with furnace repair guys. It was an identical thread almost except he slandered furnace repair professionals for not basically training him to do the repair for free.

He’s an entitled twit. He mentions people that have income properties are parasites; yet his parents have 3 or 4. I assume for homeless people when their kids aren’t living in them for free.

He also saved 80k in one year but can’t afford a mortgage????? Is he upset it’s hard to buy a house cash or that a home is affordable. My dad built his first house in the 70s for less than 27k and he had a 25 year mortgage on it. Oh yes those days were so much more affordable. I had a 450k mortgage and will have it paid off in 17. Guess what, I’m not a boomer.

Then he says he has 500k saved but he is a modest individual. If you are modest you coulda bought about 200k ago and been very happy.

If housing is so over priced why doesn’t lambert build 10 $50,000 houses. Live in one, and give the other 9 to the down-trodden tenants that are enslaved to those horrible landlords. I mean most rentals almost cover the cost of a mortgage, taxes, and insurance. It’s disgusting that a landlord might make “equity” not profit. (Obviously I’m kidding and mocking the ridiculous ramblings of lambert.)

[RandyBoBandy]

Lambert is AVB3, or he supposedly hacked his account on the infamous day that AVB3 snapped and was banned. He was also playwell, I think. Some of you might remember that thread too. Basically the exact same nonsense as this one; just replace landlords with furnace repair guys. It was an identical thread almost except he slandered furnace repair professionals for not basically training him to do the repair for free.

)
I believe we have a WINNER !! Well done HyperMOA :happy0034:

[marky_mark]

Let’s see what he changes his name to next

[Lamburt]

Lambert is AVB3, or he supposedly hacked his account on the infamous day that AVB3 snapped and was banned. He was also playwell, I think. Some of you might remember that thread too. Basically the exact same nonsense as this one; just replace landlords with furnace repair guys. It was an identical thread almost except he slandered furnace repair professionals for not basically training him to do the repair for free.

He’s an entitled twit. He mentions people that have income properties are parasites; yet his parents have 3 or 4. I assume for homeless people when their kids aren’t living in them for free.

He also saved 80k in one year but can’t afford a mortgage????? Is he upset it’s hard to buy a house cash or that a home is affordable. My dad built his first house in the 70s for less than 27k and he had a 25 year mortgage on it. Oh yes those days were so much more affordable. I had a 450k mortgage and will have it paid off in 17. Guess what, I’m not a boomer.

Then he says he has 500k saved but he is a modest individual. If you are modest you coulda bought about 200k ago and been very happy.

If housing is so over priced why doesn’t lambert build 10 $50,000 houses. Live in one, and give the other 9 to the down-trodden tenants that are enslaved to those horrible landlords. I mean most rentals almost cover the cost of a mortgage, taxes, and insurance. It’s disgusting that a landlord might make “equity” not profit. (Obviously I’m kidding and mocking the ridiculous ramblings of lambert.)
I've been saving for 8 years. The local housing market pretty much peaked 8 years ago. Prices have gradually been going down since then. Why would I rush into a mortgage in this environment? Alberta's economy is in the toilet, plus we have this global pandemic on top of it. Housing prices aren't going up any time soon.

I can empathize with these other people who can't afford housing, but I do not care about helping them. If I was a landlord I would be very concerned about increasing wealth inequality leading towards increased violence and disobedience from tenants, but I'm not. As a prospective home owner I am conscious of that and it will factor into the location I buy in, but otherwise I don't really care. Let the big cities turn into slums for all I care and hopefully the greedy landlords will be wiped out in the process.

I am long ammo and survival skills. I believe there will come a time when ammo will be needed for survival. I don't know when but I'd rather be prepared in advance than panicking when all the shelves are empty.

[Lamburt]

This thread has gotten a little off topic. I created another thread that some of you might find interesting for discussing the wider topics: http://outdoorsmenforum.ca/showthread.php?t=379043

[urban rednek]

I was seeing cardshark, bossmansteve, and the other one?? that got banned just before bossmansteve showed up last year in his entitled socialist ramblings.
A troll of minimal skill? Or a fine example of our first world post secondary education? :thinking-006:

[pikergolf]

I was seeing cardshark, bossmansteve, and the other one?? that got banned just before bossmansteve showed up last year in his entitled socialist ramblings.
A troll of minimal skill? Or a fine example of our first world post secondary education? :thinking-006:

He may well be a Russian trying to spread discontent.

[crazy_davey]

Lambert is AVB3, or he supposedly hacked his account on the infamous day that AVB3 snapped and was banned. He was also playwell, I think. Some of you might remember that thread too. Basically the exact same nonsense as this one

If it is him he also used:

Normstad
Bighorn
Jtestorini
Alta270
243plus

[obsessed1]

Edit

[HyperMOA]

If it is him he also used:

Normstad
Bighorn
Jtestorini
Alta270
243plus

Oh for sure. He is banned but reading this with 3 or 4 more accounts right now. He’s always here. AVB3 was just his longest running account. Rugatika and him used to have some classy threads. I miss Rugatika.

[elkhunter11]

From what I know about Leadnow, anything that Leadnow is associated with, isn't a good idea.

[pikergolf]

He may well be a Russian trying to spread discontent.

So given his message and the site being down this AM. :thinking-006: