341–350 of 629 posts
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what site(s) should I be using to look for jobs in Montreal in software? My background is in mechatronics but a ton of the embedded engineering jobs I've seen require some French language skills.
If you are not interested in learning French you'll have a hard time finding a job in Montreal.
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Also, the real problem is foreign ownership. What evidence is there that foreign ownership is a major problem? I've heard plenty of anecdotes, but no actual data. I do know that Vancouver real estate agents are milking the "yellow peril" for all it's worth. "Buy now before China owns all of Vancouver!". Suffice to say, Canadians are doing what American's did in the early 2000's. They are going into a crazy amount of…
There actually is data. Ian Young, who writes the Hongkouver blog for the South China Morning Post, said this in a recent interview with Vancouver Magazine: > We’ve got peer-reviewed academic data from David Ley at UBC, who found what he called ‘an unusually decisive link’ between immigration and property prices in Vancouver, and this is going back over 25 years. We had Markus Moos and Andrejs Skaburskis who did anot…
If anything, those studies show that ethinic-Chinese people are more predisposed to buying a house than renting, even when renting is much cheaper.
I live in Vancouver. Well, Burnaby. Like many Vancouverites on HN I am studying for a comp sci degree, and want to work as a developer. I accept that I have to make sacrifices to keep living in Vancouver, such as: -Living in a suburb (like Burnaby) -Getting roommates/a shared room -Living on a bus route instead of being a 5 minute walk from Skytrain With those sacrifices, I can find rents for $750-1000/month. $750 is…
I live as a developer in Seattle. Right now I live 45 min from downtown on a bus route with a roommate and I pay more rent for half an apartment than you do for your full one.
One of the main reasons of the housing crisis in the Bay Area is Prop 13 ( https://en.wikipedia.org/wiki/California_Proposition_13_(197... ) Prop 13 basically keeps the property taxes constant (or 1% increase) as the value of your house increases (doubles or triples). Your tax gets re-calculated only if you sell your house and the new owner starts paying potentially multiples of what the previous owner has been payin…
A Canadian who invests in single-family homes recently told me that the U.S. state of Indiana charges double real-estate taxes if the home is not owner-occupied. As a Californian who owns rental property in Arizona, I am all in favor of this, provided that means my primary residence would be taxed less. Real-estate taxes on your primary residence is the equivalent of paying rent. It has become so high in some states…
It seems like many major cities of the world are experiencing this problem, and no city has been able to come up with a good solution. It always leads to displacement and newspaper articles about displacement, but no real solutions. Here are a couple of solutions: 1. Build really tall. Hasn't worked out all that great in Hong Kong, though. 2. Rent control. This is often unfair and inflates price of non-rent controlle…
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I live as a developer in Seattle. Right now I live 45 min from downtown on a bus route with a roommate and I pay more rent for half an apartment than you do for your full one.
Also in the Seattle metro area; rent here is just massively out of balance. There is a total lack of regional urban planning and competition in the form of sufficiently available housing to keep prices low. All of that development went to the improperly supported suburban exodus movement of the 80s and 90s.
I think Washington state's regressive tax pyramid and dependence on plebecites will still stymie progress, though; in Canada, provincial and federal governments have much more centralized power to levy taxes and spend.
I live in Vancouver. Well, Burnaby. Like many Vancouverites on HN I am studying for a comp sci degree, and want to work as a developer. I accept that I have to make sacrifices to keep living in Vancouver, such as: -Living in a suburb (like Burnaby) -Getting roommates/a shared room -Living on a bus route instead of being a 5 minute walk from Skytrain With those sacrifices, I can find rents for $750-1000/month. $750 is…
I lived in Vancouver (proper) for many years and as a developer $70k is a joke. Even moreso now that the Canadian dollar is hovering around 70 cents. I now live in a city where the cost of living is substantially lower, and I make substantially more (about 100k). I could make more, but I don't have to. I spend about half my time traveling, something every Vancouver person aspires to do and yet never does. Leaving tha…
One of the main reasons of the housing crisis in the Bay Area is Prop 13 ( https://en.wikipedia.org/wiki/California_Proposition_13_(197... ) Prop 13 basically keeps the property taxes constant (or 1% increase) as the value of your house increases (doubles or triples). Your tax gets re-calculated only if you sell your house and the new owner starts paying potentially multiples of what the previous owner has been payin…
Prop 13 has nothing to do with real estate price inflation. If anything, shifting of property tax burdens from long-time homeowners to new homeowners would tend to suppress prices. Shifting that burden evenly across the population would tend to cause more churn as long-time homeowners get pushed out, but would do nothing to increase aggregate housing or lower aggregate prices. Although, you can get pretty far into th…
Its hard to imagine the current real estate inflation in the case where home owners had to pay taxes against the fair market value. In other words, home owners would at least see some value in new construction. As it stands now, there is only downside.
I live in Vancouver. Well, Burnaby. Like many Vancouverites on HN I am studying for a comp sci degree, and want to work as a developer. I accept that I have to make sacrifices to keep living in Vancouver, such as: -Living in a suburb (like Burnaby) -Getting roommates/a shared room -Living on a bus route instead of being a 5 minute walk from Skytrain With those sacrifices, I can find rents for $750-1000/month. $750 is…
Are these amounts expensive for a developer there? I pay $1150 monthly rent ($1600 CAD) for a so-so house outside of Houston.
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Prop 13 has been argued (I'd say convincingly) to reduce liquidity: http://www.nber.org/papers/w11108 (Less churn - opposite of what you hypothesize)
How does Prop 13 work? The people who wrote that paper are saying that it is a subsidy; absolutely not. The tax rate is frozen, so as I understand it, the person simply pays a lower rate, it is not a system where a tax is paid and then has it refunded to them. I am going to be highly critical of an economic research paper that looks at a tax as a subsidy, so here we go: 1. A tax rate lower because of a law than your…