We blew my old car budget...

4SPEED427 · A Poncho Legend!

We blew my old car budget...

73SC · A Poncho Legend!

Looks very nice, enjoy the rest of the summer and many more to come!

Canadian Poncho · A Poncho Legend!

Wow! Good for you! Does it have a garage? biggrin

Fake68 · Guru

Great news Carl.... Enjoy !
Who are those Giant looking kids ? Been a while since I saw them last.

Now down to business.... how much for the Nova ?

Gary

4SPEED427 · A Poncho Legend!

PM sent.... biggrin

Time to put your money where your mouth is biggrin

427carl · A Poncho Legend!

69Laurentian wrote:

Wow! Good for you! Does it have a garage?

Congratulations!! One more thing off your "bucket list" lol looks great, and you are getting closer to us biggrin

4SPEED427 · A Poncho Legend!

Nope, no garage!

It feels kind of funny being an Ontario taxpayer! Make sure you use the money wisely you guys...

I'm planning to take my car mag collection there for the rainy days. I have enough magazines to get me through a winter I think!

Looks like there may have to be a car for sale. Just not sure which one yet. I know which one it will NOT be...

-- Edited by Carl Stevenson at 19:12, 2008-07-21

427carl · A Poncho Legend!

Carl Stevenson wrote:

Nope, no garage!

It feels kind of funny being an Ontario taxpayer! Make sure you use the money wisely you guys...

I'm planning to take my car mag collection there for the rainy days. I have enough magazines to get me through a winter I think!

Looks like there may have to be a car for sale. Just not sure which one yet. I know which one it will NOT be...

-- Edited by Carl Stevenson at 19:12, 2008-07-21

Too bad you spent all your money!!. I had just marked, the 2 door sedan, down to 1/2 price, just for you idea

oh well...

4SPEED427 · A Poncho Legend!

427carl wrote:
Too bad you spent all your money!!. I had just marked, the 2 door sedan, down to 1/2 price, just for you oh well...

Oh, we didn't spend OUR money. We spent the Credit Union's money

427carl · A Poncho Legend!

Oh well, thats a horse of any color.. Good for you! keep the credit unions going. Thats where my wife hids her money.. smile

Taylor55 · Poncho Master!

Congratulations on the purchase of your cottage. They are a great place for the kids to be in the summer. We have owned one for 9 years now and are thinking of selling. We find it is a lot of work to maintain two properties and we don't use it anywhere near as much as when we first bought it. Are yout property taxes paid to a municipality or to the province of Ontario ? I am asking this because by the end of 2008 all properties in Ontario not paying taxes to an organized municipality will be subject to a "Market Value Assesment" meaning they will be taxed for what they are worth. Previously many cottages in unorganized townships were paying very little taxes as low as $50.00 per year. A lot of people have built year round homes on lakes in unorganized townships to avoid the taxes and now Big brother is catching up here in Ontario. We are paying $1000 a year property taxes for a cottage assesed at $ 46,000. Have fun and enjoy the remainder of the summer at your new cottage. Al

4SPEED427 · A Poncho Legend!

Well, aren't you just the bearer of good news??? biggrin

No sweat, we had heard rumors of that happening so I asked today and it sounds like our $20 tax bill will increase, yup.

I guess we will just have to use it that much more to make it worthwhile!!!

2drpost · Uber Guru

congrats carl!
alot of great family times ahead.

Taylor55 · Poncho Master!

Sorry for the bad news but I thought it would be better if you were prepared for this rather than get surprised with an unexpected big tax bill. I am sure by looking at the picture and seeing the age of your kids that your family will use and enjoy the cottage for many years to come. Does it have hydro to the cottage? Outhouse ? Which Lake? If we do sell our cottage that money will be used to buy something in Florida for our future full time retirement. Al

Ghost Post · Poncho Master!

Great move and congratulations!!!

Regardless of whatever anyone may have already told you, take the time to give whatever woodburning appliances, clearances and chimneys a good inspection and cleaning before stoking them up!.

Looks like you could hide a lot of car parts under that deck!?

4SPEED427 · A Poncho Legend!

Taylor55 wrote:

Sorry for the bad news but I thought it would be better if you were prepared for this rather than get surprised with an unexpected big tax bill. I am sure by looking at the picture and seeing the age of your kids that your family will use and enjoy the cottage for many years to come. Does it have hydro to the cottage? Outhouse ? Which Lake? If we do sell our cottage that money will be used to buy something in Florida for our future full time retirement. Al

At least it is not a shock as we had heard rumblings for a few years already that it would happen.

There is no hydro there. Propane fridge and stove, generator and maybe a little bit of solar soon enough. It came all inclusive, as the lady lost her husband they have no children, so nobody to give any of the stuff to.

Also, there is an older outhouse and a very new, very, very nice new outhouse with a pretty nice composting toilet in it. There is even a sink beside the toilet!

It is on a small lake north of the Trans Canada about 1/2 hour east of Kenora. It is one of those million small lakes that show on the map but the names never show on the maps.

We told the kids that this will have to be their inheritance, and not to expect to inherit much cash. Personally, I would be just fine inheriting 1/2 a cabin like our kids have the opportunity to do. Instead, I inherited a 13% share in a cabin near Kenora, and that makes it tough to spend much time there when so many others share the same place (we run it like a time share) . That is why we did this on our own, to make the inheritance worthwhile for our kids where only 2 of them will have to share it.

4SPEED427 · A Poncho Legend!

Ghost Post wrote:

Great move and congratulations!!!

Regardless of whatever anyone may have already told you, take the time to give whatever woodburning appliances, clearances and chimneys a good inspection and cleaning before stoking them up!.

Looks like you could hide a lot of car parts under that deck!?

Thanks for the advice. We met the lady tonight who we bought it from (it was a deal through an agent, so we had only spoken on the phone before today). She told us the woodstove is installed totally to spec, and also I see the chimney cleaning apparatus is there waiting for us.

4SPEED427 · A Poncho Legend!

Just an idea of what it looks like inside.

Nobody in the whole world cooks bacon as nicely and evenly as the MASSA!!!

-- Edited by Carl Stevenson at 10:59, 2008-12-21

Canadian Poncho · A Poncho Legend!

I'm on holidays next week Carl. Is there a key under the mat? biggrin

Did you leave some bacon in the freezer? confused

4SPEED427 · A Poncho Legend!

As a matter of fact, there is some meat in the freezer. Come on over. Would you like directions?

The neighbour has a key, he can let you in...

The BBQ is full, and theirs a little bit of gas left for the boat. A couple we talked to caught a 21 pound trout last year or the year before, so you should have lots to eat if you go fishing!

73SC · A Poncho Legend!

Carl, that interior shot is a classic, very very nice indeed. Now I just pulled the following from the Royal Lepage web site:

"The poll found that within the next three years, six per cent (6%) of Canadians are planning to purchase a cottage/recreational property, while another eight per cent (8%) would consider the purchase. Currently, ten per cent (10%) of Canadians own a cottage/recreational property, and of those, only 17 per cent are likely to sell their recreational property within the next two to three years"

That 10% of Canadians owning a cottage is an interesting fact. It seems to me that summer cottages are a way of life in this country, it just that nearly everyone has been to a cottage that's been a big part of thier life.

Is cottage life a Canadian thing or do other nationalities have cottages too? Anyone know, just seems to be totally Canadian concept to me. Anyone have an opinion?

Astro Jet · Poncho Master!

There are many areas in the US where it is popular to have a "cabin" (different terminology, same concept), mostly in the NE, NW and in the states close to the Canadian border. I have friends in Colorado and they all have "cabins" in the mountains, most close to a ski resort. Interestingly, the cottage I'm going to on the weekend when Todd is having the get together is on a lake where approximately 70% of the cottages are owned by Americans. I think this is much more prevalent in the eastern part of Ontario and the Maritimes than it is in Muskoka but I think there are also a fair number in Georgian Bay as well (ie. Pointe au Baril). Carl, how is it in the Lake of the Woods area? I always understood there were a fair number of Americans there as well. Whatever the case, I don't think 10% of Americans own what we consider a "cottage" but many own a second vacation home in places like Arizona and Florida.

73SC · A Poncho Legend!

I only know one family from Michigan where we are on Georgian Bay -Lafontaine, But my Dad's place at Parry Sound / Pointe au Baril was heavily used by Americans although I am not sure about ownership.

Here's another thing I pulled off the web today:

Visa survey shows Canada number one foreign destination for Americans

Kristen A. Lee, THE ASSOCIATED PRESS

24/07/2008 2:36:00 AM

http://travel.sympatico.msn.ca/Visa+survey+shows+Canada+number+one+foreign+destination+for+Americans/TravelNews/ContentPosting?isfa=1&newsitemid=88181038&feedname=CP-TRAVEL&show=True&number=5&showbyline=True&subtitle=&detect=&abc=abc&date=True

4SPEED427 · A Poncho Legend!

I agree with the statement about the "classic" look. Not to offend any of you rich guys, but my cottage idea is like we bought, not a mansion on a lake. I love the close-to-camping idea of a cottage.

Lake of the Woods has many Americans as well as Albertans and a number of celebrities, sports stars, etc there.

Taylor55 · Poncho Master!

Sorry for the bad news but I thought it would be better if you were prepared for this rather than get surprised with an unexpected big tax bill. I am sure by looking at the picture and seeing the age of your kids that your family will use and enjoy the cottage for many years to come. Does it have hydro to the cottage? Outhouse ? Which Lake? If we do sell our cottage that money will be used to buy something in Florida for our future full time retirement. Al