Bro's.
Jyoti has spoken. She said owning a home is a bad thing.
Sell out to the state.
Bro's.
Jyoti has spoken. She said owning a home is a bad thing.
Sell out to the state.
Well assuming retired folks with 2-3mill house that’s paid should be able to get a 50% heloc easily and just run off that till they die lol the max_boost way. No need to relocate from Vancouver to crappy Calgary.This quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Supply and demand isn't speculation. With the crazy amount of immigration we have seen and expect to continue, I think it kinda is fundamentals.This could change at any time due to Gov. policy. Not stated policy, but, enacted policy. Immigrants want the "American Dream" house with a yard and a white picket fence.
Last edited by arcticcat522; 04-29-2024 at 07:49 AM.
Buster trusts the government to follow through on its promises.
This quote is hidden because you are ignoring this member. Show Quote
"Shifty eyes"This quote is hidden because you are ignoring this member. Show Quote
Repped.This quote is hidden because you are ignoring this member. Show Quote
Only extended job losses will lower prices.
Not sure how tHe StAtE would buy up homes. They don't have enough money to make a dent.
Neighbour is offloading his home for $250k more than he bought it for in Apr2023. Easy $$$. Never actually saw the homeowner.
Demand isn't the same as desire.This quote is hidden because you are ignoring this member. Show Quote
Link?This quote is hidden because you are ignoring this member. Show Quote
- - - Updated - - -
Sfh is a want not a need lolThis quote is hidden because you are ignoring this member. Show Quote
Make condos great again!
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Probably tough to get a regular HELOC unless they have wealth outside of the homeThis quote is hidden because you are ignoring this member. Show Quote
.
In BC they can defer their property taxes, so less of a concern anyways
Really? Did rules change or something?This quote is hidden because you are ignoring this member. Show Quote
My heloc is 53% but that’s on 470k and not 2mill lol oh it be fun if it was on 2mill house lol or is there a cap on the amount and it’s not % based haha
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Income… you have to qualify it as 25yr am, and P+/-(whatever rate they get) + 2%This quote is hidden because you are ignoring this member. Show Quote
Or else falls under a net worth product, which needs to be specific liquid investments depending on lender (ie. use 70% of value from an rrsp, but $0 from a lira)
So get the heloc before you retire is what you’re saying lol
The bank can’t take it back after you stop working, right.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Hypothetically they can call the loan for many reasons, but probably won’t if you’re not in arrears. Bigger issue is if you have corp accounts with them as well, if the corp financials fall then they can call every single loan and foreclose on the house and use the collateral charge they registered at 110% of value to collect on every other loan.This quote is hidden because you are ignoring this member. Show Quote
Jesus. What's that as a percent increase?This quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Extreme but Good to knowThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
35% it's nutty. All they did was rezone to RCG from RC2 recently.This quote is hidden because you are ignoring this member. Show Quote
Let us know if it sells
Record breaker
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
House on our street was listed in the fall, never sold, took off the market. Just listed again last week and sold for $150k more then it was listed for only 6 months ago. Nice house, didn't appear like any work was done on it over winter. Bet they're thankful it didn't sell last fall hah.