Posts by Adam Mongrain
I’m sorry
The replies to this actually persuading me the ban is good!
hell yeah
Hey, for what it's worth, you (and others) convinced me that your view was right.
Otherwise, behold the cursed geography of the Canadian province most enthusiastic about high speed railways:
Late to the party but this is excellent.
There is something to the idea that computers, which used to be rare because they were so expensive, are one of the great success stories of material conditions improving for the general population; and also that as a tool one of their most efficient uses is driving people completely mad.
Feelings about the economy are in my feed again so: perception that you are paying more for a stable or declining quality of service will make you mad, even if you are getting progressively wealthier.
ME: I would like some liberty with the format and content of the header and footer sections on a page by page basis
MICROSOFT WORD: this an affront to everything that is sacred. you are no longer welcome in this Document
Two pictures of a very small bedroom. It has no windows and no space for anything other than a bed.
650$ for this one.
hey thanks man
Should have made clear that is an interminable thread.
In summary: solve housing, save the world.
A graph showing that the median price of single family homes has increased by +142% between 2009 and 2025 in the province of Québec, meaning a $250 000 home in 2009 will cost $605 000 in 2025.
In the meantime because existing home prices follow new construction prices pretty closely, you see old homes at prices that are pegged to new builds in the same neighborhood, and then it's hard to argue that what explains the two appreciation in between sales is a doubling in quality.
By definition new construction caters to a tiny proportion of the population, so the direction and velocity of change in what houses look like is not an accurate representation of what the people want in housing.
I think this is an interesting counterpoint to the idea that "homes were cheaper in the past, but they're much nicer now" is all that's going on w/r/t housing prices, and that it's a naive representation of consumer preferences.
That means that the excitement that would come with major life events (first child, new job, moving in with your lover, getting a dog, divorce, taking care of ailing parents, etc.) is kinda subsumed by the feeling that even if you can afford it, the required move is a raw deal.
And because rental vacancy rates were close to 0% for a number of years, there is a K-shape separation between old leases and new leases. The average rent in Québec looks reasonable but you cannot actually move into a unit that costs the average rent. There's someone there, and they're not leaving.
Like, your large single family home might be bigger than you need or more trouble than you care for, but relative to what you could buy from your capital gains, it is the best deal right now - everything else would be more expensive (same quality) or smaller (if cheaper).
You might move into a bigger or nicer home, but you will have to pay much more than what you are currently paying, which translates into a feeling that for your money, you are getting less and less. This helps explain why people don't really downsize from SFH like we would want them to.
My reading of this situation is that homeownership (which tends to lock your living expenses at a stable enough level) and tenant protections (which do the same, and are good and necessary) means that for every stable household, moving has become a bad deal.
25* years ago people in Québec people moved much more frequently, according to administrative public health insurance data: 13% of the insured population in 2001-2002 VS. 8% in 2023-2024.
(*23, please let me assume that this trend did not stop between 2024 and 2026.)
A graph showing that from 2001 to 2024, the population of Québec has continually increased but the number of people who move has stayed flat, even decreasing a little. This translates to falling rate of the people who move in a year, with a clear trend line starting at 13% of the population to 8% in 2024.
Hey why not, I need to feel alive.
IMV (housing guy) the vibecession is about housing, especially the retreating quality of services consumed. It's hard to pin precisely, but here, look at this.
Very tough night for my three large adult sons (Hutson, Dobson, Matheson)
This is great because you get a visceral sense of the acceleration. h/t @jdotj.bsky.social on the video app.
Somebody get Condon on the line, he is sure to see through this confounding paradox
"Renters, A Kind Of Homeless" has been bouncing inside of my head since I read it 18 days ago. It's one word shorter than the baby shoes story and sums about about 15 years of housing discourse.
bsky.app/profile/quan...