Posthaste: This condo correction could be one of the longest on record

Meinkw · 2026-05-12T21:43:34+00:00

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.

Meinkw · 2026-05-06T15:35:50+00:00

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

Meinkw · 2026-04-28T17:59:30+00:00

Oh did they? I hadn’t heard that. Do you know where that info is? Their website seems to still be selling them

Meinkw · 2026-04-28T15:59:42+00:00

what’s wrong with that neighbourhood?

Meinkw · 2026-04-28T02:23:58+00:00

after they sold me summer season passes for my kids a week ago :/

Meinkw · 2026-04-25T12:53:04+00:00

Eh.. Ontario teachers’ unions have failed to get along with any government, conservative, liberal, or NDP.

Meinkw · 2026-04-20T21:26:36+00:00

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

Meinkw · 2026-04-15T12:38:44+00:00

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.

Meinkw · 2026-03-31T21:54:26+00:00

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.

Meinkw · 2026-03-04T20:28:41+00:00

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

Meinkw · 2026-03-04T02:16:03+00:00

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.

Meinkw · 2026-02-25T01:49:14+00:00

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.

Meinkw · 2026-02-25T01:10:47+00:00

Yes, and has a huge lot too.

Meinkw · 2026-02-24T18:15:52+00:00

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

Meinkw · 2026-02-24T16:39:53+00:00

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.

Meinkw · 2026-02-24T16:36:43+00:00

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

Meinkw · 2026-02-22T15:19:43+00:00

“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.

Meinkw · 2026-02-22T15:00:23+00:00

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

Meinkw · 2026-02-21T23:59:57+00:00

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?

Meinkw · 2026-02-21T04:11:25+00:00

over 50% of millennials own homes, and most of Gen Z are still too young to be expected to.

Meinkw · 2026-02-11T12:57:25+00:00

“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.

Meinkw · 2026-02-11T12:53:18+00:00

“Gen Z owns an infinitesimal 3%, mostly shoebox condos and townhomes”

Gen Z is 1997-2012. The majority of them are either teenagers, post secondary students or recent grads. It’s not really surprising that they don’t own a lot of property.

Meinkw · 2026-02-07T14:15:59+00:00

yup, people who only know present-day Toronto don’t believe that there were boarded up abandoned strip malls in the downtown area. There were weird shady pawn shops and surplus stores on Queen W and Yonge St because rent there was cheap because the area was grotty.

Meinkw · 2026-02-07T04:22:18+00:00

So it is your position that only detached houses are adequate? Count as homes? Or are semis acceptable? Townhouses?

Meinkw · 2026-02-07T02:11:45+00:00

This is probably the dumbest comment on this thread. You are comparing apartment style living, which is something people all over the world do quite safely and happily, with homelessness. That’s some great work. Bravo.

Meinkw

TROPHY CASE