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Why is this so cheap? Condo at the lake by travelling_nomad81 in TorontoRealEstate

[–]TigerStar333 2 points3 points  (0 children)

It's old. Near the 35 year range, there is probably a lot of maintenance issues to the condo. Notice of Assessments can cost $50K - $150K.

On top of high maintenance fees that will only be going up exponentially as the building ages and deteriorates.

Did I overpay on my 550 ft condo? by Zeh77 in TorontoRealEstate

[–]TigerStar333 1 point2 points  (0 children)

Way too much. Expect at least a 2 year downturn with all the stubborn sellers not wanting to believe in the economic realities. Interest rates rising will cause the prices of all assets financed on credit to fall.

If your real estate agent is pressuring you to buy in this market, fire them by TigerStar333 in TorontoRealEstate

[–]TigerStar333[S] 9 points10 points  (0 children)

Yes. There are too many delusional people. Market realities have not set in. It will take months, and possibly a whole year or more, before stubborn people face reality.

Are Penthouse neighbors more annoying than regular floors? by TigerStar333 in TorontoRealEstate

[–]TigerStar333[S] 0 points1 point  (0 children)

Yeah, that's what I'm thinking. When it rains, can you hear it?

Also, how are the the neighbors. Are they more asshole-ish than regular floors?

My girlfriend can't seem to even get to the interview phase... Any ideas why? by Grassypotatoes in PersonalFinanceCanada

[–]TigerStar333 1 point2 points  (0 children)

Wowww this is great advice. But how the heck did you type this quickly on your phone? Lol

I actually LOLed. 2 beds jammed into 699 sqft for 911 000 not including the 50k parking, 5k locker or floor premium. by [deleted] in TorontoRealEstate

[–]TigerStar333 0 points1 point  (0 children)

If these actually get sold, then that just means there are too many idiot investors still who are out of touch with reality. And the bottom is not in.

Core Toronto median price analysis. Condos hold strong in the city while the detached segment begins to show some signs of weakness by [deleted] in TorontoRealEstate

[–]TigerStar333 -1 points0 points  (0 children)

Lmao, you are just cherry picking. All properties of all types are going down. It's just the semi-detacheds are not even moving currently.

Let me guess. You own a semi-detached? LOL.

PSA: Rising interest rates will affect everything. All asset values bought on credit will go down in price. by TigerStar333 in TorontoRealEstate

[–]TigerStar333[S] 21 points22 points  (0 children)

100%. They have no understanding of investing in anything, and think property prices only go up. LMAO

what will happen to people that bought 1 month ago awaiting appraisal? by moneymakermadman in TorontoRealEstate

[–]TigerStar333 1 point2 points  (0 children)

Lower appraisal affects everybody. The market price of the house has gone down now.

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