As most Canadians hear every few weeks, the pay system for the federal Civil Service has been updated, and the new system (called Phoenix) has had many problems, which has caused many serious problems for… Read More »Phoenix Pay System Side Swipe
Is it worth putting your hard earned money into purchasing Quicken Canadian Edition? There are new features, but is it worth the price? Yes, but you could do it all yourself as well?
It seems the GTA overheated housing market (i.e. bubble) is about to have a sharp knitting needle poked into it. All levels of government are talking of taxes to stop speculation in this “… just plain stupid ..” real estate market. As a Libertarian, I am not fond of governments sticking their oar into a free market, but this market is being gamed by outside forces. The entire real-estate industry has always been near the Pay Day Loan world in my view, but in the GTA right now, this is getting stupid. The Ontario Government did announce a bunch of measures, which may help?
I keep hearing arguments that there are ethical real-estate folks out there, and I have no doubt that there are some, but when this much money is being thrown around, the unscrupulous come running. Making 2% (or higher) on a million dollar sale, is motivation enough for some.
I note that no solution being suggested has any regulations being put on the real-estate industry? Rules and regulations in this area might be more useful, as well as an ethics watch dog in the area might help too.
Rent controls sound like a good idea, but increasing government control of the rental market worries me as well. Government regulation isn’t going to fix things, if anything it will create a more cumbersome system. Landlords will simply hire consultants to find ways to get around regulations.
The bubble has even come to Ottawa, with nutty folks speculating in the Ottawa market. I get calls daily from real-estate folks wanting to help sell the Big Cajun Hacienda (I didn’t know I wanted to sell it). Sure I might make good money selling my house, but where would I live? The only fun stories I have seen are of folks moving from YYZ to YOW, and being able to buy their new house for cash, except that might be what is causing Ottawa’s market to heat up?
As I have said, money is not the root of all evil, but it is the cause of a lot of stupid decisions.
Maybe Marijuana legalization is coming just in time, so we can all mellow out about this whole thing?
I missed a chance to be at a Financial Smart Guy Brunch (formerly known as the N.C.F.B.A), sounds like it was a rip-snorting event. I am glad my absence was noted, although the commentary about cloud chasing (while true) was not necessary (see the tweet further on). Some great new investment ideas were discussed including:
Guess which ones are real. I would also think that Bernoulli would win in a Thunderdome Cage Match with Kahneman (but I think they may have been pulling my leg on that one).
I guess there is such a thing as bad press ? I suppose it is good they remembered me.
United does seem to be the friendly skies any more, and also a collection of great Easter weekend financial reads for your pleasure.
It’s tax season, and it’s important to get it done. Don’t procrastinate! Make sure you file your taxes on time. I’ve already received my refund, so it’s time for you to get yours too.
Estimated reading time: 4 minutes
Are you assuming that you can claim all of your dependants? Not if your dependant is called Fluffy or Rover. Get all the tax credits you are due, but make sure you are not gilding the lily on things either.
There is a housing bubble starting in Ottawa, and the prices of homes are on the rise, leading to bidding wars and quick sales. While this is interesting to many, it’s not something I’m interested in, as I’m not sure where I would live if I sold my Big Cajun Hacienda. I suppose I could live in a van down by the river, but that’s getting crowded too. Meanwhile, there have been reports of landlords in Toronto raising rents, but this could backfire as it may prompt the government to introduce tighter rent controls, which could ultimately harm the landlords’ profits.
Remember the important financial credo to live by:
Pigs get fat, Hogs get slaughtered
Kind of a special Easter message, for those landlords trying to make it big.
Easter is coming folks, next week the week leading up to the big weekend. Another good time to start rethinking any financial plans you might have.
I didn’t write anything this week, but I continue to clean up a lot of my older writing, and republishing them on social media. You should really be following me on Twitter, I am told I am a delight to read. I also tweet under my own name if you are curious as well (much more raw and rude commentary on life, technology, sports and my own odd humor). What kind of tweets might you see?
