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martian Game profile

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Mod Boss
7841

Jun 7th 2011, 15:03:37

you are all special in the eyes of fluff
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RUN IT IS A KILLER BUNNY!!!

BattleKJ Game profile

Member
1200

Jun 7th 2011, 15:08:15

martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 15:14:40

completely unrelated to my post! Also that's nothing special compared to what goes on around here tbh.
you are all special in the eyes of fluff
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BattleKJ Game profile

Member
1200

Jun 7th 2011, 15:19:21

How is it completely unrelated, that was one of the houses that showed up in the game.......... ...... ..................................................................................................................................................

martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 15:22:16

touchee :P
you are all special in the eyes of fluff
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BattleKJ Game profile

Member
1200

Jun 7th 2011, 15:24:02

I expect a handwritten apology. Right after you're finished double checking as you still dont believe me.

Galandy Game profile

Member
463

Jun 7th 2011, 15:34:29

i got 8 out of 16
<[FBI]ZEN> Which is funny...because I am Spanish and Native American mixed....which means I am a Mexican....
<Galandy>move to canada ZEN everyone else does
<[FBI]ZEN> And breed with a Quebecian
<[FBI]ZEN> To make the ultimate snob/migrant worker

martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 15:38:59

Didn't need to double check, I realized I had seen it after you mentioned it:P

oh yeah, didn't you know that mods never apologize? :P j/k
you are all special in the eyes of fluff
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king7012 Game profile

Member
175

Jun 7th 2011, 16:12:52

Got 11 out of 16. I could fluff out better looking houses

galleri Game profile

Game Moderator
Primary, Express, Tourney, & FFA
14,314

Jun 7th 2011, 16:49:53

I got 7 out 16.
FAILURE IS WIN!


https://gyazo.com/...b3bb28dddf908cdbcfd162513

Kahuna: Ya you just wrote the fkn equation, not helping me at all. Lol n I hated algebra.

kemo Game profile

Member
2596

Jun 7th 2011, 18:21:26

5 -16
anyone got a ocean view house in arizona for sale?
all praised to ra

dustfp Game profile

Member
710

Jun 7th 2011, 18:42:10

$1mil doesn't buy much in Sydney either, if you look close to the city :p
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Loafer Game profile

Member
180

Jun 7th 2011, 18:52:35

12 right :%

CaptainTenacious Game profile

Member
556

Jun 7th 2011, 19:08:17

yea, how expensive houses are in vancouver is quite disgusting. glad houses in hamilton are only 200k for a 5 bedroom house
~The Saucy Buccaneer~
I drink in moderation.
Moderation being an imaginary place i go to when i drink.

king7012 Game profile

Member
175

Jun 7th 2011, 19:26:33

Houses in calgary are getting retarded to. My generation will never be able to afford houses. with the average house price in calgary being 450k i cant afford a mortgage.

martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 19:49:24

as a financial investment, property in general is a poor choice, condos are a horrible choice. It's better to rent and put the different into stocks/bonds. You come out further ahead in the end (simple spreadsheet will show you that over a 40 year mortgage you pay more than the value of the property in interest to the bank).

People who profit are generally just lucky for the most part in terms of timing.

As far as hammerton goes: a quick search reveals that houses tend to start at around $250,000 (and they are quite dilapidated). Maybe you mean rural areas outside of hammerton.

Nice try though
you are all special in the eyes of fluff
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xaos Game profile

Forum Moderator
237

Jun 7th 2011, 20:17:03

Martian, it's also worth arguing that at "standard" rates on a 30-year mortgage, if you're financially able to make double payments on the property, you'll have it paid off in approximately 6 years.

xaos Game profile

Forum Moderator
237

Jun 7th 2011, 20:17:58

Oh, also, you can't get anything more than a literal one-room shack for about a quarter million around here. Goddamn tourists.

martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 20:26:53

in order to pay off a $300,000 mortgage in 6 years with a 3% rate (fixed) you would need to pay: 4,558 per month.
Meaning that your pre tax income would have to be $85,000 and you would be putting your entire income into the mortgage!


Edited By: martian on Jun 7th 2011, 20:29:42. Reason: I can't type;(
See Original Post
you are all special in the eyes of fluff
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martian Game profile

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Mod Boss
7841

Jun 7th 2011, 20:31:20

for a 30 year mortgage fixed (not possible but lets assume) your monthly payments would be: $1,265
so you need to pay much more than double to reduce a 30 year mortgage down to 6.
These are very generous conditions btw.

(I'm excluding all the other fees)
you are all special in the eyes of fluff
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martian Game profile

Game Moderator
Mod Boss
7841

Jun 7th 2011, 20:38:20

by comparisson: my rent on a 1 bedroom apartment is about $1000 including utilities. Now lets say that utils are $100/month. Maintanance is $50/month and prop taxes at $100/month (much less than they would be)
then the diference between rent vs purchase is$465/month
If I invest the $465/month at 5% (easy) over 30 years I get to a total of: 387,000

To break even the house would have to sell for $300,000+387,000+$155,000 =842,000 meaning that property values would have to go up by an average of 12%/year over 30 years.

Note that I am setting conditions that are very generous to the house. I can get better investment rates AND the expenses associated with the house are somewhat higher than what I stated.
you are all special in the eyes of fluff
(|(|
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RUN IT IS A KILLER BUNNY!!!

Akula Game profile

Member
EE Patron
4113

Jun 7th 2011, 20:39:17

11 / 16
=============================
"Astra inclinant, sed non obligant"

SOL http://sol.ghqnet.com/
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kemo Game profile

Member
2596

Jun 7th 2011, 21:19:33

fook that man. an expensive house round here is maybe 4 bedroom with 3 acres all for under 400k
all praised to ra

deepcode Game profile

Member
309

Jun 7th 2011, 21:30:46

That's gotta be a joke right? Those puny little houses sell for over a million bucks? They are nice alright, but hardly a "mansion" in size or quality.

BobbyATA Game profile

Member
2384

Jun 7th 2011, 21:30:54

martian I'm confused. At quick glance you are saying by renting you will have $387,000 in savings in 30 years. Wouldn't a 300k house today need to sell for just $387,000 in 30 years then in order for purchasing the house to be worth it. Where are the 300k and 155k coming from?

BobbyATA Game profile

Member
2384

Jun 7th 2011, 21:31:37

also I have to argue that the one house is both crackhouse and mansion heh (the one KJ also linked to)...

archaic Game profile

Member
7014

Jun 7th 2011, 22:43:14

Originally posted by martian:
oh yeah, didn't you know that mods never apologize?


I believe that is called Micksters law. Kinda like Moores law, except where the size of a mods ego doubles for every year he gets to live la vida italica.

;p
Cheating Mod Hall of Shame: Dark Morbid, Turtle Crawler, Sov

archaic Game profile

Member
7014

Jun 7th 2011, 22:49:01

Ah yes, once again Canadians lag about 4 years behind America. Whenever somebody answers the question ;Is this just a bubble?' with the answer 'No, this time its different!'

- time to sell.
Cheating Mod Hall of Shame: Dark Morbid, Turtle Crawler, Sov

Mr Charcoal Game profile

Member
993

Jun 8th 2011, 1:46:35

So you Souther Ontarionites quickly forgot that houses arent the best places for grow ops!

http://www.thebarrieexaminer.com/...=2798694&archive=true
Originally posted by NOW3P:
Religion is like a penis - it's perfectly fine to have one, but you're best served not whipping it out in public and waving it in people's faces.