Unfortunately all the smart people are here in the Romper Room.
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Coronavirus
- Thread starter nobbie48
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LOL.
Guilty as charged.
It's just cabin fever. People are going a little stir crazy and this is a place to get stuff off your chest.
Trials
Well-known member
**** you have a great avatar
Coronavirus: Caution urged over Madagascar's 'herbal cure'
The WHO says there is no proof after the country's president claims a herbal tonic has cured people.
www.bbc.com
if the numbers are correct nobody has died from covid-19 in Madagascar So ZOOM meeting and we'll figure this out right quick!
My face is so fat right now, it wouldn't fit on the screen.
Trials
Well-known member
Do you have a big bushy beard on?
- Super hot market numbers are cherry picked IMO, do you think it will keep increasing like this today??? Are you going to base your decisions today on cherry picking the past, hope not?
- We can also cherry pick stock market numbers for the investing....which you have not IMO.
- Investing the down payment...
- The rent numbers are too high to start.
- 3.5% inflation is almost double reality.
- The posted and discounted interest rates on the mortgages were much higher in the early phases than the latter. This throws way off how much was paid early on on interest. You need to fix that in the calculation, you can't just average them out either as that is not how the time value of money works (TVofM).
- Land transfer taxes (and TVofM)
- Closing costs (and TVofM)
- Real estate fees....
- last two of the above when selling...
- Very unlikely that someone lives in the same home for 20 years.... What one can be afforded in 2000 will likely not suit their needs in 2020 so at least once there will be a rinse and repeat on transfer taxes, closing costs, real estate fees... TVofM on these... Sort of the unrealistic idea of just buying your dream home as your first home...
- We can assume the renter will do the same (move) which is just an adjustment on rent paid and the delta...
- Your property taxes looks OK if it is Toronto, 905 will be much higher IMO...
- Maint costs are OK IMO if they exclude any and all upgrades and the majority of the work is done by the homeowner. Too low if things are being upgraded and/or contractors need to be hired for most tasks. Hard to determine TVofM on this as it will depend on old home vs new home (when the costs occur).
Proper TVofM is mostly what is underestimated/missed. Using averages for rent and housing prices misses a lot of market variables the calculation needs to be more focused on real numbers. When you do the above you will find the gap closes significantly, small shift from hot market numbers and they invert.
But owning also comes with some advantages in family stability etc. that cannot be easily monetized. Hope all this helps.
As mentioned before I do expect buying opportunities for people that can do their own repairs. Flippers will stand on the sidelines due to the market uncertainty and homes that need repairs and updating will get cheaper (or more accurate will not be driven up...). As the prices are not being driven up opportunity presents itself. I did exactly this in 2008... There are many reasons why sellers of these houses cannot just wait it out.
Lol. ?
Fair.
You're right, we need to find the medium between okay let's crank the engine (economy) vs leaving it to sit. The people are not ready to handle the revving yet, like you've pointed out numerous other times, the 20% will ruin it for the rest of us.
My point was, we are only peaking now regardless of how we got here we need to keep people's heads on a swivel for the next few weeks.
Back to the face marker idea. Get caught doing something dumb and your privileges are revoked until the marker wears off in a few weeks. No freedom for you.
Or just double / triple the fines for stupidity. Start making money back on the backs of the idiots to the municipalities.
You just know some psychopath is going to go on a rampage with a magic marker, tackling people and drawing on their faces.
"I'm taking you all down with me!!!!"
bigpoppa
Well-known member
Thats some Karen **** right there
That's a very shortsighted view and is also apples and oranges. We're not talking about something "going away" because it become no longer needed. We're talking tens of millions of businesses that employ many millions of people in things that are very much still needed and are major sources of employment that keeps our society intact.
These places can't all just sit idle for 6 months and expect to survive.
Come on....
Cue the Hitler memes from the crybabies.
It was just announced today that fighting these tickets has been made easier, so I'm sure the lawyers are already rubbing their hands together getting ready to make all sorts of arguments against them, some of which may even stick. So in the end, slimy lawyers will ensure that the stupid people can continue to be stupid at the expense of society as a whole.
And the second problem is enforcement. Unless they're going to put millions of enforcement officers on the streets across the country (and again, cue the Hitler memes from the crybabies) fines are great and all but don't entirely solve the problem. Look at road enforcement, for example - 50kph over the limit has all sorts of very serious implications now...but you rarely need to go about 5KM on any 400 series highway to see people driving 150+ anyways.
Karen **** has been happening non-stop, left, right and centre.
People spitting and coughing on grocery store clerks and bus drivers, coughing on paper currency before handing it to cashiers.
These idiots / f$@ktards should be made prime examples of. Arrest the Karens and let them stew. Front line staff put up with enough **** during the good times...now there's 100x more idiocy happening and people acting like asshats.
Frozen Shoulder.
Japan today is a lesson for what can go wrong. They are starting to surge in cases.
And that's a society where *EVERYONE* wears a mask, even during non-pandemic times.
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