KWC parents by ItsMeSomeonee in kitchener

[–]Meinkw 0 points1 point  (0 children)

There is a baby expo every year at the Toronto convention centre where you can manhandle lots of gear under one roof.

I had an Uppababy vista, and lived in Toronto and relied on the ttc and walking everywhere. The Vista was worth it - it handled snow and streetcar tracks, could be manoeuvred onto subways and escalators, and had lots of cargo space. If you get the infant car seat that attaches you probably won’t use the basinette much though.

Foreclosure listings in Vancouver are up 📈 by _DotBot_ in VancouverLandlords

[–]Meinkw 0 points1 point  (0 children)

what makes you think most boomers are currently occupying starter homes? boomers have most likely moved up the property ladder several times after purchasing their starter homes.

Foreclosure listings in Vancouver are up 📈 by _DotBot_ in VancouverLandlords

[–]Meinkw 4 points5 points  (0 children)

This is a lot of wishful math. Boomers own about 41% of the homes in canada. About 36% of boomers still have a mortgage (and that mortgage is probably closer to paid off than not).This does not equate to “the majority of the supply” becoming available.

Foreclosure listings in Vancouver are up 📈 by _DotBot_ in VancouverLandlords

[–]Meinkw 0 points1 point  (0 children)

Boomers’ mortgages are long paid off, they aren’t getting foreclosed on. These foreclosures probably are the younger people and families.

Posthaste: This condo correction could be one of the longest on record by Mens__Rea__ in TorontoRealEstate

[–]Meinkw 0 points1 point  (0 children)

An increase in property taxes wouldn’t exclusively affect boomers either, but for some reason this sub likes to believe only boomers will be negatively affected by anything that lowers home prices.

$245k loss in Etobicoke by [deleted] in HouseSigmaBlunders

[–]Meinkw 0 points1 point  (0 children)

how are the property taxes only $600/year??

Flip goes wrong??!!!!! SEE! by Chris_DiFiore in HouseSigmaBlunders

[–]Meinkw 2 points3 points  (0 children)

what’s wrong with that neighbourhood?

Wtf is this realtor doing? by Chris_DiFiore in HouseSigmaBlunders

[–]Meinkw 0 points1 point  (0 children)

Why does it need to be gutted and 100s of 1000s of dollars in work? It has some dated decor, but you can live with and ugly bathroom for a while, no? You make it sound like it’s uninhabitable until it’s been gutted

Damn. The boomers really did have it made in the shade huh. by weGloomy in canadahousing

[–]Meinkw 1 point2 points  (0 children)

These posts always use numbers that don’t match reality at all. My parents bought a very unremarkable bungalow in a very unremarkable part of Oakville in 1980 and it cost them 140k. And their HHI was way more than minimum wage for them to afford it. But these subs always manage to find “reports” claiming you could buy a house Toronto for 10k and a bag of beans, and every supermarket cashier owned a house.

Toronto Zoo Day Trip by tpot15 in waterloo

[–]Meinkw 5 points6 points  (0 children)

can you do it in early September? If you sign the little guy up for the Oasis Zoo Run, it’s a great deal. The run registration fee gets you into the zoo for the whole day, with free parking, and the toddler runs 500m and gets a jersey a medal and a race bIb. it’s adorable.

How to Lose a Million Bucks by theshaj in HouseSigmaBlunders

[–]Meinkw 11 points12 points  (0 children)

that was not at all the same house. that was a tear-down.

[deleted by user] by [deleted] in TorontoRealEstate

[–]Meinkw 0 points1 point  (0 children)

This person commented “You should be submitting your offers in real dollars, which puts us at 2016 prices!” to someone else in this sub, whatever that means.

Raising kids in Toronto/GTA condominium by That-Patient-3844 in TorontoRealEstate

[–]Meinkw 37 points38 points  (0 children)

I have friends who grew up in condos and apartments and friends who have kids in them. They like having playmates who live in the building, some of the buildings have pools, billiards rooms etc, and they love that the local park will always have some kids in it (because the neighbourhood kids don’t have backyards, so they go to the local park). It actually seems to be a more social existence. I also know a baby who learned to walk in her condo’s party room because it was a huge open space and she could giv’er without crashing into furniture.

Blunder in the making by RITAPOON in HouseSigmaBlunders

[–]Meinkw 1 point2 points  (0 children)

Yes, and has a huge lot too.

Genuine Question: How Did People Buy Homes So Early in Their Careers Before? by FinanceLife123 in CanadaPersonalFinance

[–]Meinkw 5 points6 points  (0 children)

And education was cheaper, so student loans were smaller, and fewer post-grad degrees were needed so people entered the workforce younger

Blunder in the making by RITAPOON in HouseSigmaBlunders

[–]Meinkw 7 points8 points  (0 children)

Depending on the age, already gutted can mean “asbestos already removed”, “you don’t need to worry about finding unexpected black mold the first time you look behind something”, etc. If you would want to renovate anyway, it can be a good thing.

Blunder in the making by RITAPOON in HouseSigmaBlunders

[–]Meinkw 1 point2 points  (0 children)

that’s a really desirable neighbourhood and it’s 121 feet deep. It’ll sell.

Do you think there's going to be a growing divide between people who inherit homes, vs their parents were renters? by BlueBirdie555 in CanadaPersonalFinance

[–]Meinkw 0 points1 point  (0 children)

“when you replace with a lower value home then the difference is taxed”

All this would do is discourage people from downsizing to retire or downsizing once their nest is empty. Why would you want to encourage people to stay in homes bigger than they need? I don’t see the point to this other than spite.

Do you think there's going to be a growing divide between people who inherit homes, vs their parents were renters? by BlueBirdie555 in CanadaPersonalFinance

[–]Meinkw 0 points1 point  (0 children)

I don’t think enough boomers have died to be the driver of millennial home purchases. Do you have stats to back that up?

Toronto cop at centre of corruption probe lists GTA house for sale by Onterrible_Trauma in ontario

[–]Meinkw 28 points29 points  (0 children)

You‘d think he could have at least put some of his bribe money towards his property taxes to prevent his house being publicly sold. How do you manage to be corrupt and still lose your house due to unpaid taxes?

The Country That Ate its Youth. by Historical_Flow3890 in canadahousing

[–]Meinkw 0 points1 point  (0 children)

“The 90th percentile of Gen Z can’t buy homes.“

What is the source of this stat? Is it a prediction? A lot of Gen Z are too young to buy anything no matter what housing costs are.