If you're break even might as well enjoy single meat subs.
If you're break even might as well enjoy single meat subs.
One can hope, looking like veggie subs for a bit....This quote is hidden because you are ignoring this member. Show Quote
Taking a 10k loss is nothing in my views. By comparison to those who bought during 2021/22 peak, consider yourself lucky. I know people who overbid on houses with variable mortgages. They are probably looking at -100k on property value with much higher monthly mortgage payments that translates to 300k-400k total interest paid over 25 years.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
"Overbid" and "2021/22 Peak"?This quote is hidden because you are ignoring this member. Show Quote
So you start this thread basically two years ago, to beat the drum constantly about an impending housing "boom" that when supposedly materialized, ended up as more of a limp dick wimper, where most properties still haven't recovered to the values from a decade ago, and that was it... That's your boom and it's "peaked"?
What's next? You're going to tell us all about the boom in BTC? (today, for now, up 9%... No, no, don't look at the last week. No, not the last month, or 6 months or year either... Look, right now, right this second... BOOOOOM! Look, quick, before it's over) Fucking Moran
the market was hawt. I stand by that and precisely why I couldnt justify buying then. I wouldnt recommend buying now with the interest rates.This quote is hidden because you are ignoring this member. Show Quote
Houses in Calgary are still relatively high and I dont think theres any significant losses from the recent peak. My comparison is from friends who bought condos in Toronto.
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
Timing the Market - Best Asset Class edition
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Am I crazy or a lot of ads for houses in the $500,000 range empty already? That's not a good thing is it?
All those Toronto buyers who realized they'll never get $4000 a month for rent.This quote is hidden because you are ignoring this member. Show Quote
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I thought Torononto Buyers were all going to live here and work Ontario Jobs remotely? Wasn't that the plan? If they pull it off, it's a great deal, because who would want to live in toronto if you can' only afford a $500,000 house?
You mean “tech” jobs?
I have some bad news for you on that one
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
I'm no realtor, but idk if that's all that meaningful. Sellers that get transferred for work, or sellers that are upgrading that choose to carry both houses during transition are two reasons for a house to be listed empty but don't necessarily mean a fire sale.This quote is hidden because you are ignoring this member. Show Quote
I'm sure a few of them did but assuming most of them were buying into the "Calgary prices will be like Toronto prices in 2 years!" scam. Then found out no one wanted their NE house for ridiculous rental prices, and interest rates are skyrocketing.This quote is hidden because you are ignoring this member. Show Quote
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I don't know what kind of jobs people in Toronto have. Does Ontario even have an economy?This quote is hidden because you are ignoring this member. Show Quote
I thought real estate was their economy?This quote is hidden because you are ignoring this member. Show Quote
Car export too.This quote is hidden because you are ignoring this member. Show Quote
https://6ix.buzz/the-lexus-rx-is-the...e-than-others/
Last edited by Xtrema; 11-17-2022 at 10:07 AM.
I thought you moved out to GVA? Still kept your old house?This quote is hidden because you are ignoring this member. Show Quote
This is how fuck we are with Vancouver and Toronto.
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Seeing this just makes me believe Calgary ain't coming down any time soon. If / When these numbnuts have to clear out of their over priced Toronto / Van houses.... some of them will come here.
Oh yea and we are bringing like 3 trillion immigrants a year in. Something like that.
In theory, most of those migration out of GTA is already done if you look at Halifax housing prices:This quote is hidden because you are ignoring this member. Show Quote
https://canadaimmigrants.com/average...ce-in-halifax/
Even after a 10% retreat, average price is still 2x of 5 years ago.
To have the same house price as Calgary but 1/2 the GDP makes 0 sense. Calgary will continue to be the value play.
Last edited by Xtrema; 11-17-2022 at 11:10 AM.
Munich real estate is nuts. Bavaria has a lot of old money
Ultracrepidarian
We did, but looking to move back mid 2023 as we've lost hope of Vancouver prices ever dropping enough, so just started following the Calgary housing market again... hoping some of you older and wiser Beyonders are right.This quote is hidden because you are ignoring this member. Show Quote