Real Estate in Toronto is crazy.
"But the most alarming number is the new average price of a detached home in Toronto, which has officially crossed the two-million mark with a Feb. 2021 average of $2,073,989. That's a 23 per cent leap over last year's February average.Mar 3, 2022"
"But the most alarming number is the new average price of a detached home in Toronto, which has officially crossed the two-million mark with a Feb. 2021 average of $2,073,989. That's a 23 per cent leap over last year's February average.Mar 3, 2022"
I was in Toronto about 12 years ago. It was a beautiful city. I couldn't believe how clean it was. I thought "if only we could clean up Chicago like this."
What really struck me was your public housing. Until around ten years ago, public housing in Chicago wasn't suitable for a dead dog. Toronto had the exact same buildings (here we call them "the projects") but yours were clean. There was no graffiti. The first three stories weren't bricked up. There were flowers growing in the garden. The grass was green. Weeds won't even grow at Chicago public housing.
But what really struck me was there were middle class houses right across the street from public housing. Public housing in Chicago has always been the kiss of death for real estate values in Chicago. The projects go up on your block, and you can't even give your house away. Homeowners literally walk away from their property. The area becomes an instant slum. It fascinated me that this didn't happen in Toronto.
What really struck me was your public housing. Until around ten years ago, public housing in Chicago wasn't suitable for a dead dog. Toronto had the exact same buildings (here we call them "the projects") but yours were clean. There was no graffiti. The first three stories weren't bricked up. There were flowers growing in the garden. The grass was green. Weeds won't even grow at Chicago public housing.
But what really struck me was there were middle class houses right across the street from public housing. Public housing in Chicago has always been the kiss of death for real estate values in Chicago. The projects go up on your block, and you can't even give your house away. Homeowners literally walk away from their property. The area becomes an instant slum. It fascinated me that this didn't happen in Toronto.
We invented the project apparently... It was a model for US projects afterwards... We built the first of them just after WW2.
https://en.wikipedia.org/wiki/Regent_Park
https://en.wikipedia.org/wiki/Regent_Park
They started going up here at around the same time. It's curious that the buildings (low and high rise) are virtually identical in Chicago and Toronto. But in Chicago, the vast majority of public housing became blighted and horrible. In Toronto, you could convert them right over to market rate apartments, or even condos.
Most of the public housing in Chicago has been torn down and most of what's left has finally been upgraded and updated. But it's like 70 years too late. In Chicago public housing has always carried a huge stigma, whether you lived in it or you lived close to it. Public housing instantly destroyed every neighborhood it's ever been placed in. I'd have to write a book to explain it but if you knew about redlining and blockbusting in Chicago then you'd know why. Redlining and blockbusting are the reasons why there are still so many racially segregated areas in Chicago today (and some suburbs too), even though redlining was made illegal 60 years ago and blockbusting hasn't happened for probably 30 years.
Times are different now. There's no longer a huge stigma attached to public housing. Some public housing is mixed market rate/Section 8/CHA and it's actually nice. But government policy, bank practices, and racial attitudes from 60-70 years ago kind of set the mold for Chicago today.
Most of the public housing in Chicago has been torn down and most of what's left has finally been upgraded and updated. But it's like 70 years too late. In Chicago public housing has always carried a huge stigma, whether you lived in it or you lived close to it. Public housing instantly destroyed every neighborhood it's ever been placed in. I'd have to write a book to explain it but if you knew about redlining and blockbusting in Chicago then you'd know why. Redlining and blockbusting are the reasons why there are still so many racially segregated areas in Chicago today (and some suburbs too), even though redlining was made illegal 60 years ago and blockbusting hasn't happened for probably 30 years.
Times are different now. There's no longer a huge stigma attached to public housing. Some public housing is mixed market rate/Section 8/CHA and it's actually nice. But government policy, bank practices, and racial attitudes from 60-70 years ago kind of set the mold for Chicago today.
Yeah, we've got a few, some torn down, places like that.
Those low-income "projects" like the Tasker Homes Projects. (see link)
When they demolished them in the 90's, nearby neighbors had a flood of roaches and rats that fled the demolition and looked for another warm hideout.
https://libwww.freelibrary.org/digital/item/65426
That photo looks nice... I'll bet it was nice when they built it anyway... Too bad about entropy 🙁
We had low rise housing projects exactly like that here. They look nice when they're new. That never lasted very long.
Back to the OP. Your job is to stay as healthy as possible and unless you need the $$$ keep doing what you're doing. I retired 14 years ago and couldn't be happier. I'm also 69.
I'm not sure if that sounds good or bad. 😱 But hey, it might be an adventure - and you don't have to stay there 20 years.
Hey Fast Eddie D,
I really think this is a personal decision. I can't put myself in your position.
We still have COVID in Australia, so I am still a little paranoid about mixing with people indoors.
regards
Greg
I really think this is a personal decision. I can't put myself in your position.
We still have COVID in Australia, so I am still a little paranoid about mixing with people indoors.
regards
Greg
With gas at around $8 a gallon now and prices doing what they are on just about every thing we'll need a mortgage to get a loaf of bread soon. I'm in the Ottawa area in a detached home so my place which has septic and well and sits on a dirt road is only about worth about $800k.
Rising costs are so bad the government is admitting to 4 percent inflation.
As to whether the OP should continue working no one knows the situation as well as he does. I'm sure there are days it is nice to be able to rest though.
It is so bad, expenses for heating, maintenance, water, etc, for an appartement, I rent near Paris France, has raised 30%. From the accounting yearly document I just received today. I never had that bad over decades.
And, this raise is only from Covid-19, the present energy mess consequences will show up later in the accounting.
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Yes, go to the interview, it’s not a commitment, it could be an adventure and you’re not under the ground yet!
Take a resume and some Show&Tell maybe. I see they are a speaker company and since an interview is a two way street let them know you’d like a demo of their technology during your visit (as offered on their website).
Looks like a serious attempt at a disruptive business on their part, they have sales and funding along with some ’names’ on their Board of Directors.
Take a resume and some Show&Tell maybe. I see they are a speaker company and since an interview is a two way street let them know you’d like a demo of their technology during your visit (as offered on their website).
Looks like a serious attempt at a disruptive business on their part, they have sales and funding along with some ’names’ on their Board of Directors.
Eddie, from just a few previous replies of yours, as soon as I saw this post's title, I immediately thought "no"...
Going to the interview and finding out what Resonado is all about is one thing, actually taking the job is another. They are a commercial enterprise, which means performance, schedule pressure and the customer issues trumps all other concerns. Can your constitution take that?
Of course, it depends on the job they'd be considering you for. It can be something not on the front lines. I worked a wonderful job for probably a solid 15 years, where I created pretty basic automated test solutions in an R&D environment. (Most everyone loved me, because I essentially made their job easier) Maybe you'd be the guy that runs their Anechoic chamber and the test gear for quantifying performance to spec for the audio systems they design for their customers.
I'd avoid managing a project, such as some custom audio install for someone's commercial RV product line. I'm 65, watch my blood pressure and realize those intense opportunities are gone for me in in this life, realistically. Particularly in today's world, where many, many firms will work you to death by expecting the highest return possible for their "investment". Hey Joe, I need someone to "own" this...position.
I'm glad Amazon turned my down. I heard it wasnt me or my interview. I would have broke myself in two just trying to get to, do and get home from that job.
Going to the interview and finding out what Resonado is all about is one thing, actually taking the job is another. They are a commercial enterprise, which means performance, schedule pressure and the customer issues trumps all other concerns. Can your constitution take that?
Of course, it depends on the job they'd be considering you for. It can be something not on the front lines. I worked a wonderful job for probably a solid 15 years, where I created pretty basic automated test solutions in an R&D environment. (Most everyone loved me, because I essentially made their job easier) Maybe you'd be the guy that runs their Anechoic chamber and the test gear for quantifying performance to spec for the audio systems they design for their customers.
I'd avoid managing a project, such as some custom audio install for someone's commercial RV product line. I'm 65, watch my blood pressure and realize those intense opportunities are gone for me in in this life, realistically. Particularly in today's world, where many, many firms will work you to death by expecting the highest return possible for their "investment". Hey Joe, I need someone to "own" this...position.
I'm glad Amazon turned my down. I heard it wasnt me or my interview. I would have broke myself in two just trying to get to, do and get home from that job.
This is where I'm fortunate. My rent increases are capped by a provincial guideline - this year it was 1.2%. My rent includes utilities, even electric (which is nice when you like tube amps), my rent has gone up 150$ / month in ten years. People living in newer buildings (built after 1991) aren't so lucky - the bastard Conservatives removed that rent cap.
4 years ago we bought 5 acres and a lived-in house for $65k.