Nope. I have helped one or two friends out as well, with more or less the same thought process: I'm not likely to get it back any time soon if ever, but if there's a genuine need there, then it's not something I'll lose sleep over. But that's like a few hundred bucks to a thousand, nothing in the five figure range.
Eomer, you could set up a joint bank account that she just wires the repayment into. That way you don't have to interact with her or worry about cashing checks and she can technically still access the money should she need it desperately (which I'm assuming is one of the reasons you aren't in a hurry to re-coop it).
You know what, that's actually a not bad suggestion in some ways. I might suggest that. The details might need some massaging, but it could work.
I had to look it up today, exchange rate is 1CAD=0.74USD
That's got some commission or spread in there. It's actually about 71 cents today. It was as low as 68 cents a few days ago. If and when oil goes back up, so will the dollar. It wasn't too long ago it was trading above par.
opiate82_sl said:
especially since beer is like twice as much up there even after factoring in the exchange rate (I'm assuming other household staples as well)
Booze and smokes are close to double in terms of the numerical value and ignoring the exchange rate, yes. Household staples aren't nearly as expensive in relative terms. Sin taxes are higher here than in most US states.
Tenks_sl said:
I'm sitting there watching Property Brothers who does all their shit in Canada and these people are like "My budget is 900k." I'm like "fuck this person must be getting the world's most fancy ass home." Then they take them to some run down shithole which looks like it has been vacant outside of the crack addicts for 10 years and they're like "This home is aggressively priced at 680k." I'm like .... wtf is up with Canada real estate?
We never had a crash in 2008. And a handful of markets, mostly Toronto and Vancouver, have gone fucking bonkers. Edmonton and Calgary saw a large run up as well, but that's well supported by the much higher household income in Alberta (until oil crashed, that is). Toronto and Vancouver it's foreign investment driving things up, as Canada is seen as a safe haven for Chinese nationals. There's lots of smaller cities with affordable houses. Is it cheap to buy a single family home in central Chicago, Seattle, or LA?
In any case, the media has been cheerleading for a housing meltdown for the better part of a decade now, and it's still not happened. Even 18 months in to the oil downturn only now are signs of stress starting to show in Calgary. But Vancouver and Toronto keep skyrocketing beyond all reason. It'll be interesting to see if we do have a crash eventually, or if we just have a generation of close to zero housing price growth while incomes catch up and interest rates rise.
Australia is a near mirror image of Canada in a lot of ways, in terms of housing markets.