Aspiring New Somali Home Owners Soo Gaala!*Canadians

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The B.C. Home Owner Mortgage and Equity Partnership announced last month gives first-time buyers a maximum $37,500 loan toward their down payment, and it’s interest-free and payment-free for five years. :banderas:


Somali realtors are asleep at the wheel on this new program and what it means for Hoyos in Canada.

If any of you are looking to buy a house with Hoyo in the next 12months, hurry up and invest in BC. You may not score a home for 500k downtown Vancouver but, a 450k townhouse in Surrey might get you something very nice.

Full article:
https://beta.theglobeandmail.com/ne...http://www.theglobeandmail.com&service=mobile
 

Mohamud

ʜᴀᴄᴋᴇᴅ ᴍᴇᴍʙᴇʀ
The program could end up boosting demand – and therefore prices – by encouraging even more people to compete over the same number of homes, said Joshua Gottlieb of the Vancouver School of Economics.

"It seems like a policy that does not reflect an understanding of the current markets or basic economics," he said in an interview.

"This is actually not really promoting ownership. This is promoting owning a small share of a home and taking a big risk with other people's money."

BC is a joke of a province tbh
 
vancouver-desktop.jpg



The B.C. Home Owner Mortgage and Equity Partnership announced last month gives first-time buyers a maximum $37,500 loan toward their down payment, and it’s interest-free and payment-free for five years. :banderas:


Somali realtors are asleep at the wheel on this new program and what it means for Hoyos in Canada.

If any of you are looking to buy a house with Hoyo in the next 12months, hurry up and invest in BC. You may not score a home for 500k downtown Vancouver but, a 450k townhouse in Surrey might get you something very nice.

Full article:
https://beta.theglobeandmail.com/ne...http://www.theglobeandmail.com&service=mobile

450K for a townhouse is not worth the debt :manny:
 
Waad walantahay lol. What is a $37,500 interest free loan going to do? No one can afford to live there. Even those who bought their homes 50 years ago when their houses were worth 10% of what it is now are having to sell and move out East because they can't afford to pay their property taxes. The average house price there is $1M so that means you have to pay around $1500 a month in property tax

This is what gets you a $2.4 million dollars in Vancouver. You can get this shitty property for $200,000 in Ottawa or Edmonton.

http://www.remax.ca/bc/vancouver-real-estate/na-5130-slocan-street-na-wp_id162938147-lst/

Surrey is like an hour away from Vancouver and overrun by Indians and Chinese and a place no one wants to live in and this is what you get for $1.5 million. You can get this for $500K in any other major city.

http://www.remax.ca/bc/surrey-real-estate/na-2588-163a-street-na-wp_id162492299-lst/

You need at least $300K household income to comfortably afford to own property in Vancouver.

I have met dozens of people in Edmonton from B.C. and they are all crying about how they were priced out in their own city that they have lived in for 5-10 generations by Chinese millionaires and 4 Indian families that live in a 4 bedroom house. They're depressed they had to move to Edmonton; it's a big downgrade for them. They whine every chance they can get about being in Edmonton lol

Large corporations and universities can't even attract the best and brightest to move to Vancouver and you're talking about Somalis with very low income struggling to pay their community housing rent lol.
 
Waad walantahay lol. What is a $37,500 interest free loan going to do? No one can afford to live there. Even those who bought their homes 50 years ago when their houses were worth 10% of what it is now are having to sell and move out East because they can't afford to pay their property taxes. The average house price there is $1M so that means you have to pay around $1500 a month in property tax

This is what gets you a $2.4 million dollars in Vancouver. You can get this shitty property for $200,000 in Ottawa or Edmonton.

http://www.remax.ca/bc/vancouver-real-estate/na-5130-slocan-street-na-wp_id162938147-lst/

Surrey is like an hour away from Vancouver and overrun by Indians and Chinese and a place no one wants to live in and this is what you get for $1.5 million. You can get this for $500K in any other major city.

http://www.remax.ca/bc/surrey-real-estate/na-2588-163a-street-na-wp_id162492299-lst/

You need at least $300K household income to comfortably afford to own property in Vancouver.

I have met dozens of people in Edmonton from B.C. and they are all crying about how they were priced out in their own city that they have lived in for 5-10 generations by Chinese millionaires and 4 Indian families that live in a 4 bedroom house. They're depressed they had to move to Edmonton; it's a big downgrade for them. They whine every chance they can get about being in Edmonton lol

Large corporations and universities can't even attract the best and brightest to move to Vancouver and you're talking about Somalis with very low income struggling to pay their community housing rent lol.

Simmer down, :whoa:

Why would you explode into foreign buyers, skills gaps, Chinese millionaires, Indians, more millionaires and every excuse about why people can't.

Click this listing below and don't reply how far it is from Vancouver and yadda yadda.
https://www.realtor.ca/Residential/...582-67-AVENUE-Langley-British-Columbia-V2Y3B2

It's under 300k and it's a 3-4 bedroom. And it's detached.

Semi affluent Somali parents should move thier kids out of Toronto and Ottawa ASAP! Get them away from Somalis and into communities where they won't be involved with the lower classes.

I growing to believe in "Class" seperation within Somalis. Somalis within the despora are going to break apart into Haves and Havenots.

So, what do you think of that listing?

262k and with a 37k down payment from the Government.:mjohreally:
 

Mohamud

ʜᴀᴄᴋᴇᴅ ᴍᴇᴍʙᴇʀ
Simmer down, :whoa:

Why would you explode into foreign buyers, skills gaps, Chinese millionaires, Indians, more millionaires and every excuse about why people can't.

Click this listing below and don't reply how far it is from Vancouver and yadda yadda.
https://www.realtor.ca/Residential/...582-67-AVENUE-Langley-British-Columbia-V2Y3B2

It's under 300k and it's a 3-4 bedroom. And it's detached.

Semi affluent Somali parents should move thier kids out of Toronto and Ottawa ASAP! Get them away from Somalis and into communities where they won't be involved with the lower classes.

I growing to believe in "Class" seperation within Somalis. Somalis within the despora are going to break apart into Haves and Havenots.

So, what do you think of that listing?

262k and with a 37k down payment from the Government.:mjohreally:

You're lowkey an insidious f*ck

Welcome to the board :salute:
 

Mohamud

ʜᴀᴄᴋᴇᴅ ᴍᴇᴍʙᴇʀ
I don't really see that an insidious. What he's talking about is inevitable.

In a country far removed from Canada? The class system would be no different than your regular Canadian and that's if we have the same level of success within our elites.

Also generally Somalis take care of family which yields money transfer and wealth distribution thats country's like Canada goff at.

Sure we're going to have millionaires and even billionaires but an outright bourgeoisie proletariat system? I doubt it to be honest. But eh anything is possible with us.
 

Mudug-Madman

Gaalkacyo Gangster
In a country far removed from Canada? The class system would be no different than your regular Canadian and that's if we have the same level of success within our elites.

Also generally Somalis take care of family which yields money transfer and wealth distribution thats country's like Canada goff at.

Sure we're going to have millionaires and even billionaires but an outright bourgeoisie proletariat system? I doubt it to be honest. But eh anything is possible with us.
I'm pretty sure he was talking about Somalis in the diaspora.

They'll be divided into have and havenot families. And the longer we stay here, the more westernized we become. Which means less patience for distant, deadbeat family members.
 

Mohamud

ʜᴀᴄᴋᴇᴅ ᴍᴇᴍʙᴇʀ
I'm pretty sure he was talking about Somalis in the diaspora.

They'll be divided into have and havenot families. And the longer we stay here, the more westernized we become. Which means less patience for distant, deadbeat family members.

But most families in the west have similar income to start. There's already parity given the nature of the civil war and so on. So it comes down to our generation which granted has its fair share of problems but Somalis mostly immigrated to countries where there was a stable shot at longevity for their kids. Most of the women are getting educated and younger males are following suit.

Most diaspora communities share similar success stories whether it's tragic Iraqis or well-to-do Nigerians and Chinese.

We'll become westernized, but a distinct community like Italian Americans. We're too visible to merely fit in.

What Larry is proposing is still possible but generally speaking not a great outcome and a slow process.
 
My dad has been looking at houses in Canada. It's really cheap in Ottowa compared to London, I low-key thinks he wants to move back :williamswtf:
 
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