Just more evidence to support my theory that the real estate market is hawt.
Oh wait...
Just more evidence to support my theory that the real estate market is hawt.
Oh wait...
Your place is by sandstone right? I thought mine was bad at $360 for a th in country hillsThis quote is hidden because you are ignoring this member. Show Quote
Not anymore lolThis quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
$509 isn’t even that high. I know someone who’s 2 bedroom place in Bankview is over $800 a month and the building isn’t even 20 years old yet.
Market is still crazy.
We bid on a house, list price $798,000.00 we bid $1m and lost
Another house, list price $964,000.00 we bid $1m and lost.
Nice homes, good locations still selling fast and above ask.
This was in the past week.
Newer buildings often have very high fees due to the amenities.This quote is hidden because you are ignoring this member. Show Quote
Good ones still moving fast.
We were bidding on an inner city property last week. The math sucked as a rental investment (-$1K cash flow with 20% down on current tenant) but we really liked the location. It was listed for $600K, which we thought was on the high side so went in at $580K with no conditions to 'work our way up". They didn't even ask us to counter. Sold for $688K.
This is the reason why only detached housing is hawt. Everything else is not even smoldering yet.This quote is hidden because you are ignoring this member. Show Quote
That said, good of seniors if they are ready to downsize or start assisted living.
We helped get our inlaws into a nice place in Discovery Ridge at a really good price because of the crappy condo market. Its everything you could want if you're old as fuck but can still kick it on your own. They made out like bandits on their single detached home back in Saskatchewan.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
Should just wear VR goggles all day and remain in your current home. Pretend it's a Hollywood mansion.This quote is hidden because you are ignoring this member. Show Quote
Why would anyone stage!? $88k over asking and no conditions, Bro!
Market.
Is.
Hawt!
Devils advocate?This quote is hidden because you are ignoring this member. Show Quote
I would say because in a lot of cases it works. If it’s the difference between 8k over and 88k over that’s a win every time.
Impressions matter and alotmof people have no taste.
Last edited by killramos; 05-08-2022 at 10:06 AM.
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
Normally I'd agree, but a huge % of houses are being bought site unseen.
I would say a substantially smaller % of those are being bought without looking at pictures lolThis quote is hidden because you are ignoring this member. Show Quote
Staging matters for photos
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
Virtual staging brah!This quote is hidden because you are ignoring this member. Show Quote
https://financialpost.com/executive/...than-expected?
Hawtness gone
This quote is hidden because you are ignoring this member. Show Quote
This is a good sign. The reliance of our GDP on an unproductive real estate market is crowded out capital that could be much better used elsewhere.This quote is hidden because you are ignoring this member. Show Quote
If that's all it took to slow down spending then maybe it's a good thing? Unless prices continue to rise without new demand.This quote is hidden because you are ignoring this member. Show Quote
Rising without demand is a tricky thing to pull off!This quote is hidden because you are ignoring this member. Show Quote
#stagflationThis quote is hidden because you are ignoring this member. Show Quote
I mean, isn't that partially what occurred during the pandemic. At least in the early days before demand started spiking. Exercise equipment was a good example of this early on in the pandemic as most of it was produced in China which was already shutting down factories for months before we started into it.
Honestly, I think it will be a miracle if they can taper demand and tame inflation without cratering the economy.
Canada is pretty well guaranteed a recession. Except Alberta.This quote is hidden because you are ignoring this member. Show Quote