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milanb

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  1. 2020 Draft Talk

    It's hard to tell. A lot of things can change between now and next year. I honestly can't see a situation where the Vikings are looking for a new QB a year from now and Spielman and Zimmer still have their current jobs.
  2. Buying a House

    Yeah. I ended up selling my 3 bedroom town a few years ago because the unit next to mine was a rental and had potheads living in it. My townhouse was a freehold, which is actually more popular with investors because there are no condo fees. I must admit that I don't understand the logic of buying one of these units to rent it out. At least where I am, where the rents are low compared to the purchase price of the homes. A rule of thumb is that monthly the rent you charge should be 1% of the value of the home. And in that neighbourhood the number is around 0.5%.
  3. Buying a House

    Here in Ontario, an offer to purchase that is accepted by the seller is viewed as a valid contract. In general, you cannot back out of the deal without a valid reason. That is breach of contract and can get you sued. However, almost all offers have boilerplate clauses like "conditional upon home inspection" or "conditional upon buyer selling his current home". AFAIK, the home inspection clause allows you to back out of the deal only if you find one or more major issues (e.g. plumbing, electrical, structural, fire/water damage) that were not previously disclosed. Also, if you are buying a condo, the offer usually contains a "conditional upon reading the condominium bylaws". If you don't like the bylaws you can back out of the deal without providing any reasons. I actually did that in my first attempt to purchase a home.
  4. Buying a House

    I wasn't assuming anything. It was simply a case where I really don't know what the real estate laws are like in the US. I would imagine that they vary by state?
  5. Buying a House

    I don't know what it's like in the US, but here in Canada we have unscrupulous real estate agents who feast on hot markets. They will create bidding wars artificially by purposely setting the list price well below market value, then accepting bids only in a specified time period. It sometimes gets crazy, especially if the property is in a trendy neighbourhood. You get bully offers, escalator clauses and and idiot buyers waiving home inspection conditions. It is all horribly unfair to the buyers, as the seller is under no legal obligation to disclose any of the other offers and can simply reject all offers if he doesn't get the price he wants, even if some of them are over list.
  6. The Technology Thread

    Put another way: remember a few of years ago when the industry was pushing 3D? How well did that work out? 4K is going to stay because it is getting to the point where you can't buy a new TV without it. But most of the broadcast, satellite and streaming services don't even broadcast at true 1080p. And of course your eyes and brain can't tell the difference between 1080p and 4K at normal viewing distances anyway. The Surround Sound is getting out of hand too. How many speakers does one really need?
  7. Buying a House

    Yes. Buying is not always cheaper than renting, for a number of reasons: Transaction costs are typically 5-10% of the value of your home. If you are staying in your home for less than about 5 years it is difficult to make up the difference. Real estate prices do not always go up. If your mortgage amortization is more than about 15 years you are mostly paying interest. In some markets (like e.g. Toronto) the purchase/rent ratios are very high. All that said, there can be huge financial benefits to owning, but you usually need to own your home for a long time to see them.
  8. The Car Thread

    If you look around there are lots of companies and nonprofits that will buy your old beater for about $200 or so, regardless of condition.
  9. Mortgage Lenders

    I used an online mortgage broker when buying my current home. They got me a very competitive rate and were very helpful when it turned out that I needed a bridge loan to cover the difference in closing dates between the house I was selling and the one I was buying. The main advantage I found with the online broker was that I was able to submit all the paperwork electronically. I didn't need to visit anyone at their office. Here in Canada it makes no sense to get a mortgage with one of the chartered banks. Apart from the higher rates they charge, all their mortgages have an insidious "interest differential" clause that can slap you with tens of thousands of dollars in penalties if you need to get out of your current mortgage before it matures.
  10. Yes. You need a serviced lot with the proper zoning. In a small town or rural area it's probably not much of an issue. In a major city, it depends on what the bylaws say. Is there such a thing as an upscale trailer park?
  11. What are the best polite insults?

    I don't think there is such a thing as a polite insult.
  12. Formula 1 Thread

    Looks like F1 is finally going to bring back partial ground-effects in 2021. https://www.bbc.com/sport/formula1/47422390 Quite frankly, this is a no-brainer and something they should have done 20 years ago.
  13. Anyway, just to be clear: I am very sympathetic to the causes of energy conservation and sustainable urban planning and development.
  14. I understand the logic behind it. However, I live by myself in a 2,000 sq. foot single home on a 60 foot lot. And guess what? It's awesome having all this wonderful SPACE all to myself.
  15. 2019 Playoffs

    Another interesting thing about the Canadiens teams of the late 1970's is that they were the first NHL team to recruit heavily from the US college ranks. One of their finds was the late Bill Nyrop, who I believe was from Minnesota.
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