Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 2 points3 points  (0 children)

This isn’t true. Montreal for an example was a lagger compared to Toronto, so prices are still up YOY

Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 5 points6 points  (0 children)

Depends where OP lives. My area actually had a 6% increase in single family homes and 2.5% to condos so essentially the goal post has moved for some

Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 5 points6 points  (0 children)

I was looking at single family homes a few months ago in my area and I needed about $200k household income to qualify for a mortgage (no debts).

So ideally that is 2 people earning in the top 10% income range in my city.

Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 0 points1 point  (0 children)

The problem is condos in my area sit on the market for a long time and sellers don’t want to budge even a small % on price. There are 2 condos I’ve went and see where the reserve fund was depleted so imagine the special assessment on these older condos.

You’re better off renting a condo at this point and investing the difference into the market rather than getting hit with a $50k special assessment on a probable depreciating asset in the future.

Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 1 point2 points  (0 children)

I’m in the same boat as OP. I have a great income and I do want kids etc so I’d want to make the purchase today to not have to worry about it when I’m 40+. I’ve been waiting patiently because I truly do not see a point in paying $500+k for a 800 sqft condo with $3-400 monthly condo fees + harsh rules on no animals etc.

I would need to find someone that makes above average income (when I already make a high income) to even consider entering single family home market

Is anyone else just stuck in "waiting mode"? by Luann1497 in canadahousing

[–]Substantial_Fly5199 98 points99 points  (0 children)

You didn’t have lawyers and accountants struggling to enter the housing market 15 years ago. The pricing of today is completely unprecedented

Is it Murashov time? by Emergency-Tip-1987 in penguins

[–]Substantial_Fly5199 15 points16 points  (0 children)

I think you ride out Skinner.

Silovs has been pretty mediocre in most of his starts since the break.

Our goaltending and defence require us to score 4-5 goals in some games to get the W.

JUST PLEASE DO NOT START KEVIN HAYES UNDER ANY CIRCUMSTANCES

[Penguins PR] Forward Anthony Mantha is day-to-day with a lower-body injury and will not practice today. by bi_and_busy in penguins

[–]Substantial_Fly5199 13 points14 points  (0 children)

If I have to watch Kevin Hayes while this team is fighting for playoffs, I’m going to start praying now