Ranbir Gill

[Ranbir Gill @SC604V]

@ronmortgageguy Wow @ronmortgageguy is that for uninsured mortgages. That would put the stress test at 5.89%. Looking to renew a 1.6MM and that 3.79-3.89% looks amazing in the current context.

[Ranbir Gill @SC604V]

@valdombre We're a Post-nation state now. Those foreign investors are funding the retirements of homeowning Canadians by inflating their asset values allowing them to take huge sums of money out when they sell or refinance

[Ranbir Gill @SC604V]

@valdombre Guy looking for a job there is obviously a native born Canadian as well.

[Ranbir Gill @SC604V]

@Mapletreelady @ronmortgageguy 60s & 70s it was poor village families
Now some are lower income, but lots of upper middle class and wealthy city folk

Kids come as anchors, get PR and parents send $$$. Parents aren't citizens so no income tax implications. And gifts have no tax either. That's how.

[Ranbir Gill @SC604V]

@VetCashHolden @nicholaswhite77 @Martyupnorth_2 They're citizens. Ain't happening

[Ranbir Gill @SC604V]

@Lanefab

[Daniel Foch @danielfoch]

City of Toronto has voted in favour of upzoning 6 units in all residential neighbourhoods

Gives new meaning to "the six"

LET'S BUILD!

[Ranbir Gill @SC604V]

@ronmortgageguy @Critter_Paths It was so perfectly used in the Dawn of the Dead (2004) remake.

[Ranbir Gill @SC604V]

@SteveSaretsky And Vancouver? How's it looking on the ground here?

[Ranbir Gill @SC604V]

@Lanefab @tholder Are you using an air to water heat pump for the floor warming?

[Ranbir Gill @SC604V]

@JG_Nuke @jpastaman Is the all cash part somewhat misleading? Doesn't all cash buyer usually just means that you have no mortgage subjects

The buyers still likely will go for a mortgage. They're just hooped if they can't get it

Not having a mortgage subject just guarantees the purchase

[Ranbir Gill @SC604V]

@bal

[Angelica 🌐⚛️🇹🇼🇨🇳🇺🇸 @AngelicaOung]

Because for some insane reason the Chinese companies don’t focus on “maximizing returns to shareholders” but “minimizing profits so you can kill your competitors.”

They call it being 內卷 or “involuted” although I’ve never understood the meaning of that term either in English or Chinese. I just know what it is.

Imagine a German Mittelstand SME cornered the market in making some obscure but essential widget for more than a century and got the bright idea of outsourcing the manufacturing to China.

For 8-15 years everything works beautiful. Costs plummet and even junior Chinese executives get to fly business class because everyone is so flush. Then, on a cursed day, some Chinese guy figures out how to do it without the Germans.

The $8,000 widget becomes $950 overnight. If you asked him how he arrived at that insane pricing he’ll say “I take my cost. I add my 20% profit. Boom.” But wait! You and the woebegone German are the only ppl on the planet with this technology?

Why not price it at $6000? You’ll make more money because you still significantly undercut the German. You’ll both survive and have more money in your pockets! It’s a duopoly.

Nope! That maniac, even after he buried that Mittelstand that has been passed through multiple generations minting fat profits, will keep cutting costs. Junior executives aren’t flying business no more.

And then he’ll lower prices. On himself.

It’s pathological. I’ve heard Chinese economists beg businesses not to do it. It’s why the stock market in Shanghai sucks. And it’s why the Chinese businesses are beasts.

[Ranbir Gill @SC604V]

@GaryFX22 @Tablesalt13 Completely wrong. The entire island, Hippy cities like Nelson, and a lot of First Nations throughout BC.

[Ranbir Gill @SC604V]

@mustang35 @Tablesalt13 They're both on treaty land, so best of luck

[Ranbir Gill @SC604V]

@Lanefab @etobian @oori_arch Any below ground laundry storage allowed?

[Ranbir Gill @SC604V]

@Tablesalt13 BC doesn't want to separate. You need to reframe it as not Western Canada but just Alberta.

[Ranbir Gill @SC604V]

@Lanefab Great post! So much wonderful info. What's your experience with New West?

[Ranbir Gill @SC604V]

@MichaelMegale1 @RoyalPremiums @RiseOfAlberta Reality sucks for the Alberta hillbilly separatist pipe dreams

[Ranbir Gill @SC604V]

@best_voyages @ruthisfedup @RiseOfAlberta Ok your house can secede. Good luck with that

[Ranbir Gill @SC604V]

@TomJefferson30 @snapstryk @Tablesalt13 I didn't vote for the Liberals, NDP or Green. They're all useless. But that doesn't mean your right wing drivel makes any sense either. Dumb ass

[Ranbir Gill @SC604V]

@keithbaldrey