paradox3
Peanuts Fan
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Please explain?
Room For All
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Welcome to Wondercafe2!
A community where we discuss, share, and have some fun together. Join today and become a part of it!
Mrs.Anteater
Just keep going....
I will. But supposedly NS hasn’t had any cases of it yet.
BetteTheRed
Resident Heretic
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Infancy cow's milk allergy; I was on soy formula. Had never drank much real milk, due to childhood issues. But always used butter/cheese, some yogurt, fair bit of cream. Big guy went away last winter for a week or so, I was lonely, thought a hot chocolate made with whole milk would help me sleep, did so for three days, thought I'd contracted norovirus. No.
An intolerance might become an allergy in this way. I have an over-reactive immune system. I'm not going to mess around with naturopaths, etc., when I seem to have figured it out on my own. Goat and sheep milk seem to be fine.
Redbaron
Pirate fan since the dark ages
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Good morning! Cleaning up after the mice, plant butter, allergies to dairy products, BC elections, and all the other things that come to mind, we bring them to the Coffee Cart, for discussion, moral support, listening ears, and caring hearts. The coffee is ever fresh, tea water always ready, muffins always warm from the oven. Come in as you have the opportunity, have a hot beverage and baked goodie, and join the conversation! All are welcome! Come join the fun.
C(_)/ c(_) c\_/ c[_]
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chansen
Had a point all along
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Good morning. Tour of Ontario for me today as I drive to my parents' house, hitch up a loaded trailer, drive it to their cottage empty said trailer, drive it home. Should be about 6 hours of driving, which means a few podcasts for me.
But now they can stay north for 2-3 weeks at a time, the lawn growth has slowed at both places, the garden is tilled under and the pool is closed. They've decided they don't have the energy to sell the house this year after all. This has my daughter facepalming, but we can't make them sell their house. They're both getting over 2 months of illness (we think whooping cough?) and if they can't pack up their house, they won't let us, so the house stays.
Some of their items will go north today. Then I have the trailer to carry leaves at my wife's family cottage. Ah well.
Edit: Tomorrow, Claire and I visit one or two universities. She's thinking Mac and Waterloo are her top two choices, then she needs one or two more. Trent and Western are definitely on the short list. I just need to know which way I'm turning out of the driveway.
But now they can stay north for 2-3 weeks at a time, the lawn growth has slowed at both places, the garden is tilled under and the pool is closed. They've decided they don't have the energy to sell the house this year after all. This has my daughter facepalming, but we can't make them sell their house. They're both getting over 2 months of illness (we think whooping cough?) and if they can't pack up their house, they won't let us, so the house stays.
Some of their items will go north today. Then I have the trailer to carry leaves at my wife's family cottage. Ah well.
Edit: Tomorrow, Claire and I visit one or two universities. She's thinking Mac and Waterloo are her top two choices, then she needs one or two more. Trent and Western are definitely on the short list. I just need to know which way I'm turning out of the driveway.
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chansen
Had a point all along
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I love those working lunches.
Mendalla
Happy headbanging ape!!
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My neighbour's family are going through this. Finally got them to move to a retirement apartment nearer one of the kids (they have seven living and a horde of grands and now some great-grands I think) but won't sell the house in case they decide to move back or something like that. So the daughter and son-in-law who live closest have been coming over to tend to the yard and other needed work. I have contact info for the daughter in case we notice a problem.
And the next family over from them thought they were going to be selling this year but in that case, I think it was just more work than planned to fix the place up after a less-than-happy rental situation. The couple moved to the GTA to be closer to their grandkids (both children and their families are in Toronto) but are now coming down on weekends to tend to the yard and do work on the place.
So I thought I would have new neighbours by end of this year but now it is looking more like next year at the earliest.
Might be better to sell in the spring next year due to interest rate predictions of being lowered by another full point by then. So possible good news for seller's. Right now it's more of a buyer's market in many places.
JayneWonders
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Our other house sat empty for 6 years.
The first two i kept internet there and used it as an office, my son would sleep there sometimes and husband was doing work on it from time to time. COVID was part of the time. Health crisis ' were a part of the 6 years
People asked why we didn't rent, as it was unjust to have a house be empty when a family could live in it. Were pressured by folks at the church, too, as they knew of a family in need
The challenges of renting were our goal was to sell. Never planned to own it for more than a year. s**t just happened. Plus, couldn't do the work on it if it was rented. Finally, we later found there were tax implications had we rented.
At least in our case we were still capable.
I feel for folks like Claire, @chansen, or kids of @Mendalla s neighbors.
Not easy.
The first two i kept internet there and used it as an office, my son would sleep there sometimes and husband was doing work on it from time to time. COVID was part of the time. Health crisis ' were a part of the 6 years
People asked why we didn't rent, as it was unjust to have a house be empty when a family could live in it. Were pressured by folks at the church, too, as they knew of a family in need
The challenges of renting were our goal was to sell. Never planned to own it for more than a year. s**t just happened. Plus, couldn't do the work on it if it was rented. Finally, we later found there were tax implications had we rented.
At least in our case we were still capable.
I feel for folks like Claire, @chansen, or kids of @Mendalla s neighbors.
Not easy.
JayneWonders
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Actually @Mendalla
Did either of the neighbours buy where they moved as there may be tax implications
They will have to pay capital gains on a portion of the sale of the house.
(Selling price - original cost) * (Years owning both residences / years owned first home). Less the carrying costs
Cottages are a whole different ball game.
Note: not complaining. It is a privilege to be in a situation where you pay tax. But just like anything, need to be aware of what impacts it
Did either of the neighbours buy where they moved as there may be tax implications
They will have to pay capital gains on a portion of the sale of the house.
(Selling price - original cost) * (Years owning both residences / years owned first home). Less the carrying costs
Cottages are a whole different ball game.
Note: not complaining. It is a privilege to be in a situation where you pay tax. But just like anything, need to be aware of what impacts it
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And anyone that lives in their home for all the years they've owned it, and then sells, pays no capital gains.(principal residence)
So many changes in life to cope with as we move through it....
JayneWonders
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Right, capital gains is only on the period where you own two homes.
You can also determine which house has to bear that impact, and also the timing.
So, if you moved 5 years ago, to a new home, but, don't sell it until today.
you can take the hit on the capital gains now ((Selling price of first house - original cost) * (Years owning both residences / years owned first home). Less the carrying costs)
or, you can have that be something that you deal with when you sell the new house.
You basically are declaring the first house is your primary residence the whole time, and then, when you sell the second, you do the calculation for the % of change in property value is due to capital gains.
Accountants would generally recommend the 2nd, as you are paying in future dollars. You are also leaving it for what could be the estate to deal with it.
A lot depends on what you see regarding market values, period you will own the home, and whether you want to leave it to your kids or future you to deal with