Mark Morris (Markinmetaform on Threads) @MarkinMetaForm
A Toronto dwelling 40-something rambling on about whatever pops into his head. Youtube: https://t.co/Gft9Kr03Uk Toronto Joined March 2009-
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lol, this is such a great account...
lol, this is such a great account...
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Look at those builder incentives at work! Boom! Housing crisis = solved. storeys.com/condo-projects…
Is this the coolest piece of memorabilia ever? A piece of the Wright Brother’s prop from their first flight brought to the moon by Neil Armstrong on the first lunar landing.
Why are young people (before kids) still investing in single family homes? Why not rent and buy a triplex for rental income? The economics would suggest that is the best way to start into the housing market but few people adopt this approach. Am I missing something?
QOTD (Seems Correct): Everyone who works in customer services should be legally allowed to fight one customer per year. -Leonardcowalski
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@MarkinMetaForm Loool. This sounds like a conversation best had on a road trip. Bring on September!!!
We love to blame people for treating housing as an investment but don't look at the contributing factors. Careers are dying, employers have made it so workers almost HAVE to make radical investments in order to survive. eroding loyalties, constant layoffs, lack of benefits
@MarkinMetaForm With such a focus on housing in canada you start to believe if you have your own place and “solved” the issue of expensive housing by finally owning its somehow going to fix everything. Its not. Its time to enjoy that thing called life. /2
@MarkinMetaForm Losing a friend is tough. My condolences. I see it too. 👍
A sad story for one of the builders in the GTA: A reminder that short term debt must be watched like a fuse on a bomb. With zoning taking longer, sales and marketing. Timing is everything. Roll over risk is real for short term debt. $350 million in debts Vandyke Group lands…
@Morbidful In May 2022, Tiktoker Taylor Jean Skromme tragically lost her life in a motorcycle accident. This was the last TikTok that she posted on her account.
Toronto has an issue protecting its historical properties. We deal with a lot of facade retention. But is there a solution: The heritage properties are beautiful and they should be protected in some cases. But in other cases it’s hard to understand why these building are…
Boyz II Men and OAR performing in the same night!? They'll have me in a chokehold.
@MarkinMetaForm My apologies. I only read your first post and did not realize there was a detailed explanation. You are 100% correct!
@StephenPunwasi @MarkinMetaForm The Mule has excellent tacos and bourbon.
@MarkinMetaForm @gas_biz You crack me up bud
@MarkinMetaForm Shifting the tax burden away from productive labour income and towards wealth (including, especially, a land tax) and passive income would go some way to resolving the serious issues you raise.
@MarkinMetaForm Lol funny post...randomly came across it 🤣
@MarkinMetaForm “You may be rich, but you will never be Toyota Sienna rich”
Hey @theJagmeetSingh got anything to say on this. Actually let me guess, It’s Galen Weston‘s fault right. 😂😂😂 #cdnpolitics #canpoli
In the 2 years since the NDP signed a coalition to keep Trudeau in power promising affordable housing, “Urbanation found asking rents have spiked by 22 per cent — a total increase of about $390 per month.” Not worth the cost.
@MarkinMetaForm It really depends on the state, but even in a filed or promulgated rate state, the ultimate rate would be fairly low per $1,000 insured compared to a normal CRE transaction. $.40 - $1.00/1000 likely.
@imrangulamani @MarkinMetaForm No. Higher for longer means builders adapt (smaller footprint, cheaper materials/finishes) and build to a price. Eventually the land bought up a decade ago for speculative purposes falls in value and it becomes worthwhile to build starter homes on it again.
@MarkinMetaForm Higher for longer means saving for a dp actually has meaning.
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