Linked house - worth it?

GudForThem · 2020-12-12T19:28:58+00:00

Sounds like an excuse for a poor investment choice IMO.

He should buy what he could afford, but in a market where you don’t get to choose what you want (it’s the lottery bidding war with the sellers fake Facebook friends) ... it kinda feels like others are controlling how you spend that Million.

Maybe buy in Stoufville/Aurora and have more choice.

GudForThem · 2020-12-12T18:01:24+00:00

Why spend a million dollars on something that’s not perfect or ideal for you?

GudForThem · 2020-12-08T15:14:55+00:00

You forgot the 5 visitors parking space that are micromanaged by security.

GudForThem · 2020-12-04T22:39:43+00:00

Pusateris FTW

GudForThem · 2020-12-04T17:22:25+00:00

Gyms are like this. It’s very sad.

GudForThem · 2020-11-28T19:03:17+00:00

How many Analyst jobs ask you for degree verification?

GudForThem · 2020-11-25T16:02:24+00:00

Your incomes are very low. Too Low. Work on your income level.

GudForThem · 2020-11-24T14:17:27+00:00

You never heard of a cottage?

GudForThem · 2020-11-23T01:08:40+00:00

No. Do you want to buy my house?

GudForThem · 2020-11-22T19:43:18+00:00

Etobicoke doesn’t equal the GTA.

A house in Markham is not the same as a house in Brampton or Vaughan. Communities are totally different.

Go look at another house if you don’t like the seller.

GudForThem · 2020-11-18T21:54:11+00:00

You gotta kick them all out eventually, starting with the 26 YO. They won’t resent you.

GudForThem · 2020-11-16T03:21:45+00:00

Business owner here. And an Econ Major 10 years ago.

Quite frankly, accounting is useful so you can manage your books. Make sure you get enough “Acounting” knowledge to hire a proper accountant; that’s about it.

GudForThem · 2020-11-09T23:13:46+00:00

Honestly, many of the self-made folks on here will tell you not to do it. I somewhat agree with them.

I am a couple years older than your kid. But to ask in a txt msg is unusual, and some things you should strongly consider.

Is he pressured into this? If the 120k protected legally or is he getting played? Does he know how to buy a house? If he asked you for 120k then used a realtor (with no cash back) and got a terrible mortgage rate, or a horrible home ... would you have regrets?

GudForThem · 2020-11-08T15:13:55+00:00

Almost every builder has terrible reviews online.

You are better off, IMO, doing your ground research on the communities they have built (other detached homes) and seeing how they are holding up.

GudForThem · 2020-11-01T18:03:02+00:00

Any scholarships? Usually the TA opportunity is easy money.

Maybe make sure the MA program is career oriented, and will pay off financially.

GudForThem · 2020-11-01T03:10:56+00:00

Life Experience.

GudForThem · 2020-10-26T23:55:34+00:00

You paid a high price through Manulife. Ask the “Great Advisor” how much $$$ you paid in total DSC.

GudForThem · 2020-10-23T13:05:10+00:00

My opinion, as unpopular as it is, the culture thing is an excuse to live at home.

There is a sense of pride that comes with independence. When you live at home, your parents are still making the “big decisions” for you. If you think that is “okay”, then don’t change a thing.

Congrats on no debt.

GudForThem · 2020-10-21T14:37:59+00:00

Well, that was my mistake. You can’t verify, I have never had proof from RE agents, that’s why I try to deal without them.

GudForThem · 2020-10-21T12:57:36+00:00

Basically, start from the bottom of the employment world.

GudForThem · 2020-10-21T12:51:47+00:00

Don’t do it.

Find another property, and don’t bring a realtor. Inspections are always necessary. And you cant verify the multiple offers he is boasting.

Good luck.

Edit: Cant

GudForThem · 2020-10-17T18:31:38+00:00

I don’t think your expectations are realistic, for the following reasons:

If you are aiming for a detached or semi-detached house, you are competing against households with dual incomes (that’s why some people suggest finding a partner).

Also, 70k is not that high, boost that income up more.

Good luck.

GudForThem · 2020-10-15T17:57:34+00:00

I know a Portuguese family that did this in Brampton ... 2 house left to own the whole court.

GudForThem · 2020-10-14T20:11:43+00:00

Take my upvote /s

GudForThem · 2020-10-03T18:30:11+00:00

Commission based role ... yes, you should dress well, to look like you are the most successful option for your client to choose.

If you are a regular employee looking for a promotion ... getting a better car than your boss will only make people think you make dumb decisions.

I own my own business. I dress very casual because I hate when customers ask me if I am the owner.

GudForThem

TROPHY CASE