It’s that time of the week again!
Time for another Friday Free-for-all.
This is our regular end of the week news roundup and open topic discussion thread for the weekend.
Here are a few recent links to kick off the chat:
–Poloz: long term rates headed up
–Evaluate my condo deal
–Condo Market Report
–Vancouver housing drop song
–10 reasons the gold bugs lost their shirts
–
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
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Freedom 55 is so 90’s. The Boomers will be working well into their late
60’s. People in their mid 40’s are just starting to think about retirement and what that’s going to look like. Too little, too late!
arthritis pain treatment Excuse, the question is removed
New Listings 294
Price Changes 74
Sold Listings 97
TI:12078
You can certainly see your expertise in the work you write. The world hopes for more passionate writers such as you who are not afraid to say how they believe. All the time go after your heart.
I see now Paint My Walls is in Ontario. Remove climate as a talking point, add centre-of-the-world and it’s all still valid.
@ asalvari #92
” franko, can you please elaborate a bit more ”
Sure, just see post #22.
#98 Squeako… Ironically, we have a 6 month old now, and have outlined the need for my wife to go back to work despite her reluctance to do so. If we rent, there is no need for her to work. If we buy, that option is out of the door – we will forever need a second income unless we move to a more affordable area / lifestyle. Of course, our friends back east living in small town Ontario (Picton) live on a teacher’s salary with mom at home, 3 kids, and they are building a new home in another small town. Raising 3 kids on 90k (high school teacher with 14 years experience) in a small town is a little easier than raising a family in Lower Mainland or the Lower Island. Kudos to them though, as he wanted… Read more »
Paint My Walls @ 88 Take wifey on a European vacation; Ireland, then Spain. Shortly before you leave pull up a bunch of media articles from shortly before it all fell apart, explaining why it is different there and not a bubble, point out how you can change the places and names and present them as articles explaining why it’s different here and not a bubble. Rich foreigners moving assets, climate, in-migration, growth, new economy, running out of land, all of the talking points were there. After seeing first-hand the aftermath of debt-fuelled housing bubbles the only problem you may have is her new desire to buy a really nice villa in Spain for 20% of the bubble price and spend three months a year there! I haven’t personally seen Ireland but I have been to Spain during October 2011… Read more »
Why don’t you incorporate a baby into the equation and the mother not earning full income for a year, and then incorporate babysitting/baby clothing/toys/furniture into the “trial year”. Throw in a leaking roof, broken fridge, and the week ends fixing/renovating something which is hard since you have a screaming baby and/or hyper kids wanting to “do stuff”. Oh yes, you need more furniture now and more stuff b/c you have more room to store more junk. If I had a hubby that was like your wife, I would have him guarantee that he is going to stay healthy and stay employed and earn a good income and if still too big expenses he will guarantee to work a 2nd job, b/c I don’t want to work 2 jobs and have the right to be sick now and then. (That is… Read more »
@ #48 Johnny_Boy
“I heard something CRAZY today. My wife says a friend, who is trying to sell her apartment, was asked by the Realtor to consider INCREASING the price by 30K. The borrower will get a larger mortgage and then the seller pays back the buyer the $30 k on the side which the buyer will use for closing costs and to pay the mortgage for a year and a half. I would not have believed it if the source was not 100% sound.”
Please track down the name of the Realtor. We should be sending this tip to CMHC antifraud:
On-line: http://www.antifraudcentre-centreantifraude.ca
Toll Free: 1-888-495-8501
Toll Free Fax: 1-888-654-9426
Email: info@antifraudcentre.ca
Seattle has Boeing, Microsoft….Vancouver has 1-800-got junk
no wonder educated people call Vancouver ‘the mistake on the pacific’
Condo price drop
where is the largest drop in price in metro Vancouver? UBC condos dropped about 5% last year.
@ Paint.
Yes the budget for home ownership is a must before you buy otherwise you do not know how it will impact your lifestyle. Another thing is you should always rent in the neighborhood you intend to buy; so you find out who the problem neighbors are. You do not want to buy next to a teenage party house where the parents are absent most of the time or a grow op. Living in the area for a year before you buy makes sense. You could perhaps do them both at the same time. As an added bonus every time the landlord needs to fix something, you deduct the landlords cost from your budget to get a real feel for the joys of ownership.
franko@88,
Can you please elaborate a bit more ?
Patriotz: stop injecting logic into these discussion! You can hardly expect graduates of an 8 day Realturd course to cope with logic in addition to their heavy coursework.
@82: “There is also a thinly (and at times not so thinly) veiled attitude that renting is for losers who can’t afford to buy.”
I always find this funny. If I’m renting a property that I can’t afford to buy, that means it’s costing the owner more than it’s costing me.
So who’s the winner and who’s the loser?
@ Paint My Walls #81
Don’t even think about it!
At least wait until late summer.
You’ll be glad you did.
#85
Don’t usually respond to trolls…but maybe read the post first Spacey…
I acknowledged my own and my wife’s faults, hence taking responsibility….
Never said I was ‘so sophisticated’…but I will take that description as a compliment
And your comments sure add value – repeating ‘no one ever has to buy’ sure trumps a financial forecast where your net worth has gone up six figures….
with these advances in human longevity u renters are really fucked! enjoy paying rent for the next 100 years, rofl.
@Paint My Walls – Stop blaming others and take responsibility for your own actions and decisions. Did those factors you cited force a gun to your head to buy? Geez….you said you are so sophisticated and yet you haven’t grasp the one basic tenant of bear side of RE that no one ever has to buy! Repeat this, no one ever has to buy.
If you end up buying and lose $$ then you only have yourself to blame. Pure and simple.
@Paint
All painting and most decorating can be undone when you move out. As long as you know you can stay there for a fairly long time, and as long as the money you are saving by renting is greater than the cost of repainting, just go for it. If you are in an older place, and you don’t have particularly unusual tastes, many landlords will actually be fine with leaving it, if you check first. (It saves them having to paint.) I completely redid the place we are in now, including new flooring, moldings, etc.
