ttystikk
Well-Known Member
What do you Canucks think of the ongoing housing crisis up there?
http://www.nakedcapitalism.com/2017/04/wolf-richterwild-housing-speculation-drives-entire-canadian-economy.html
My 8hr flowering experiment
- Thread starter torontoke
- Start date
http://www.nakedcapitalism.com/2017/04/wolf-richterwild-housing-speculation-drives-entire-canadian-economy.html
torontoke
Well-Known Member
I never really got to into real estate since I couldn't ever afford to. But I've often wondered how they are constantly tearing one house down and replacing it with 100houses or a 150apt condo and yet the values and subsequently rents only increase. You would think the rate of build would quickly surpass birth rates and mean tons of vacant property with landlords bleeding cash.
I think a lot of people stand to lose way more money when rates inevitably rise.
GroErr
Well-Known Member
Insanity is what it is, have no idea how my grandkids will afford a house other than if I leave them enough for the insane downpayment they'll need.
I moved my primary residence just over 4 years ago, downsized and bought a 2nd place I rent out for 1/2 the year. Both have doubled in price in that timeframe. Which sounds great, for me because one is strictly an investment property it's all good. For most, the value of your house means shit if you have to pay the same insane prices when you move. Only other way to gain is to sell and move somewhere else out of country, where real estate prices aren't as crazy. Or sell when prices are peaked and rent for a while until the market gets real.
I'm likely going to sell one place this spring and cash in because its' at or close to the breaking point imo. Prices cannot maintain at these levels and I think a ton of people are counting on interest rates at these all-time low rates forever, which has to break soon or inflation will force them up. Once that happens the market will crash hard as there will be a ton of foreclosures, a la 1991-1993.
Only saving grace right now is interest rates are so low compared to early 90's during the recession (my mortgage at the time went from 7% to 11.5% when I renewed!) but it's all relative. Low at 2.5-3.0%, but if that goes to say 4.5% on a $500,000 mortgage, you're f'd or better get 3 jobs
whitebb2727
Well-Known Member
Looking good friend.
I'm excited. Turkey season opens Saturday. I'm taking my 6 year old son for the first time.
I'm excited. Turkey season opens Saturday. I'm taking my 6 year old son for the first time.
torontoke
Well-Known Member
Hehe I bet he has a blast!
We have tons of turkey on our property but a neighbour told us not to bother. He said he shot one and it was so tuff even his dog couldn't chew it.
I've never had wild turkey. Is it any good or tuff like he said.
whitebb2727
Well-Known Member
It is delicious.
It is tough compared to a store bought turkey.
The breast meat is tender. I slice it thin and roll in flower and fry.
The legs and thighs are really tough. I save them up and put in a croc pot for a day.
He has been squirrel hunting with me.
GroErr
Well-Known Member
We have to swerve around them on the roads up my way, specially in the fall. But you know they're tough when even the locals don't bother with them. They'll pick up deer road-kill but leave the turkeys
torontoke
Well-Known Member
Same on my property.We have to swerve around them on the roads up my way, specially in the fall. But you know they're tough when even the locals don't bother with them. They'll pick up deer road-kill but leave the turkeys
My buddies dog chases packs of them almost daily.
He never gets even close so they probably have legs of steel from all the running.
Ya I bet the breast breaded n fried would be awesome. That's probably the only way I'd try it.
Had partridge fillet last summer and that was amazing. Lil shake n bake on it and it was even better.
Gonna try to get my license this year finally.
ttystikk
Well-Known Member
Issac Newton's first law of real estate; what goes up must come down, lolInsanity is what it is, have no idea how my grandkids will afford a house other than if I leave them enough for the insane downpayment they'll need.
I moved my primary residence just over 4 years ago, downsized and bought a 2nd place I rent out for 1/2 the year. Both have doubled in price in that timeframe. Which sounds great, for me because one is strictly an investment property it's all good. For most, the value of your house means shit if you have to pay the same insane prices when you move. Only other way to gain is to sell and move somewhere else out of country, where real estate prices aren't as crazy. Or sell when prices are peaked and rent for a while until the market gets real.
I'm likely going to sell one place this spring and cash in because its' at or close to the breaking point imo. Prices cannot maintain at these levels and I think a ton of people are counting on interest rates at these all-time low rates forever, which has to break soon or inflation will force them up. Once that happens the market will crash hard as there will be a ton of foreclosures, a la 1991-1993.
Only saving grace right now is interest rates are so low compared to early 90's during the recession (my mortgage at the time went from 7% to 11.5% when I renewed!) but it's all relative. Low at 2.5-3.0%, but if that goes to say 4.5% on a $500,000 mortgage, you're f'd or better get 3 jobs
I smell a huge housing crash coming.
It's too late for a 'soft landing', it's overbuilt and prices are too high. That's because they kept the interest rates too low for too long to stimulate banking.
The banksters have led us off the cliff and it's about to be October of 1929 all over again.
Waiting to sell until next spring might be too late, but you're right when you ask what's the point if you just have to buy another place at such inflated prices.
My mom's second husband is Canadian and they were thinking of retiring in BC, somewhere between Vancouver and Whistler. I'm afraid the real estate run up is going to ruin their plans.
torontoke
Well-Known Member
I'm afraid your probably right.
Those areas are as bad or worse then Toronto.
I just moved away from my childhood neighbourhood. In the 90's my dad could have bought the house we were living in for 75k last yr the house next door to it.(my friends) house sold for 1.2mil.
Only to be torn down in favour of a triplex that was sold as 799 x 3.
Craziness
Everyone used to laugh at me for renting but I remember my uncle losing his house in the late 80's when the rate spiked and he was already maxed.
People are often blinded by delusions of grandeur and marvel at all this supposed profit they are going to have. My sister constantly informs me of how much equity her house has earned her and I always say sure as long as u move back in with dad or live in your trailer. Otherwise all the profit/equity is getting rolled into the new place and magically it will be as overpriced as your place.
I'd rather build out of pocket and be mortgage free. Determination and will are going to be the foundation of my home not a bubbling burst any moment bank rate.
GroErr
Well-Known Member
Real estate has always done well by me but long term, but like anything else in investments, timing is everything. Buy in the lows, sell in the highs. Right now people are forking out 1M+ at the peak of a market that's bound to take a dive. Short term gains in real estate are too risky and there seems to be a lot of speculation going on, setting up for a hard fall. A hit on interest rates which is inevitable, the economy takes a dive (or both) and boom, the banks own a bunch of real estate. Fk'rs are like vultures, protecting their downside is all they care about, not putting people out on the street.
I was talking this spring like now, the place I use in the winter but rent in the summer I can sell off and just take the profit. Not in a position to get rid of my primary residence but my mortgage is peanuts so no hurry there. I'm looking at putting it into a place Uruguay. I can get a nice place on the beach or across the road for 250k and pay it outright from the equity in that second property. Thereby the planned 2 weeks in Uruguay in January
But timing wise, it's time to sell...
Dr. Who
Well-Known Member
In the end,,, The loss from reduced yield...made this idea a fail for any commercial enterprise......I still stick with my 11 on - 13 off sched.
Don't bother with this BS....
torontoke
Well-Known Member
So I'm a lil confused doc
You quoted yourself and then say don't bother with the bs.
So is your post bs or is it your telling everyone else don't bother with reduced schedules because they are bs?
Dr. Who
Well-Known Member
I was kind of giving a report - how ever minor - about the end results of my test....
Didn't we discuss on a thread somewhere (this one later?), how at around 8.5 to 9 hrs we began to lose too much yield?
Anyway, yeah, it's that, "Don't bother to try this if you can't afford to lose yield"....The BS being that internet "master grower" that was pushing that he could run at 6 hrs and not loose yield......
torontoke
Well-Known Member
Ohhh ya I believe we have spoken about this before.
I totally agree 6 hrs was not enough.
However I think 8 is enough for an acceptable harvest. But that's based on my needs and being able to meet them.
Not sure if my results could be scaled up to a commercial sized grow and I have no intention of finding out because I'm not a commercial grower.
I am fairly certain tho that if I ran my light 12/12 the difference in my yield wouldn't be much higher if at all.
We shall never know now because I'll never go back to long light cycles ever again.
Instead I'll accept any possible loss as a trade off to running a perpetual 45day harvest. Should mean an extra two crops per year to offset any difference. Either way I'm just happy I won't be out unless something catastrophic happens.
Bakersfield
Well-Known Member
Great thread! I just discovered your post yesterday and haven't made the time to read it through.
What I've put together so far is 8 hours of flower has allowed you to harvest over 2 grams a watt.
I may have misunderstood your results but it looks to me that this method has definite potential in a commercial setting.
I've got 2 thousands I turned Sunday and I am really tempted to try it but I'm kind of apprehensive.
torontoke
Well-Known Member
The doc says he tried it and lost a lot of yield but yes my last crop produced 2g per watt but bear in mind I used ridiculously low 160watts in my cabinet.
To scale up my cabinet to a commercial grow would cost a fair bit more then the traditional thouie on 12/12
I truly think every grow is as individual as its owner and should be planned and used accordingly.
Just nice to have options imo
Bakersfield
Well-Known Member
How many days to harvest your frosties?
torontoke
Well-Known Member
45-47 depending what it is.
That's why I was so interested in that katsu wookie nu be posted finishing in 50 under 12/12. I think with glr preflowering them through veg I could get a clone run of something like that closer to 40 days.
Again I wouldn't expect a 40day plant to appease a commercial growers clientele but it would keep me medicated
