Profile cover photo
Profile photo
Steve Caunce
writer, illustrator, Social Anthologist
writer, illustrator, Social Anthologist
About
Steve's posts

Post has shared content

Post has attachment
And the shoes keep getting laced up tighter and tighter.

Post has attachment
Foreign-owned vacant property should be taxed extra. (Not just condos, vacant factories, cottages and other real estate property as well.)

Post has shared content

Post has attachment
Generations of takers, proud of their grifting.

Post has shared content
Properties that rent for below mortgage.
"Pasalis said he decided to carry out the research after hearing anecdotally that Toronto has some “unusual” property investors.

“What was unusual is that, unlike regular investors, many of them were not particularly concerned about the rental income they could generate and were even willing to buy a property that didn't earn enough to cover all expenses,” Pasalis wrote in a blog.

“These investors were buying because of their belief that house prices would only continue to appreciate. … This type of attitude shift is in itself a sign of a market bubble.”

To estimate how many homes are being bought by investors, Pasalis looked at home sales and rental listings to see how many newly-bought homes were listed shortly after on the rental market.

He estimates that 36 to 39 per cent of the homes bought in Greater Toronto’s hottest neighbourhoods in recent years have been bought by investors. The speculation is taking place in outlying areas as well, with investor purchases quintupling in Ajax, Oshawa and Whitby in the space of four years."

Post has shared content
Tulips are the ubiquitous heralds of Spring.
A Tulip’s Tale
A Tulip’s Tale The word tulip was first mentioned in Western Europe, in the context of “Turkish Letters” of a diplomat Ogier Ghiselin de Busbercq in about 1554. This was the time of Ottomans wore typical Turkish tülbend ("muslin" or "gauze"). The correlati...

Post has attachment
< “Most notably, lenders currently underwrite mortgages for residential investment properties as if they are owner occupied homes, resulting in a loophole that allows buyers to finance money-losing investment properties largely with debt; these loopholes should be closed by tightening lending practices.
< “If public policy makers want to prevent damage to our housing market, they need to act now.”>

Post has attachment
Floridians live in an Alternative Reality already.
Animated Photo

Post has attachment
Have fun with this one.
Photo
Wait while more posts are being loaded