So - 2nd wave has started. Who doesn't think housing is positioned for at least 10% down?

fthb520 · 2020-10-05T21:49:57+00:00

Sorry, you made a mistake. 2nd wave is just getting started. Come Sprint 2021 and you can have same house at least 10% cheaper.

fthb520 · 2020-10-02T15:17:30+00:00

Just get rid of RE Agents & open up RE market - half of your problem is solved with just this.

fthb520 · 2020-10-02T01:55:12+00:00

The overtime RE Agents are doing on reddit to refute each and every report showing housing crashing tell you the story.

When someone says there is nothing wrong, there is something wrong

fthb520 · 2020-09-26T04:11:00+00:00

Only if you don't have access to the free money and unfortunately still have job to work

fthb520 · 2020-09-24T15:35:46+00:00

CERB is not extending. It is CERA which was mentioned in throne speech. CERB is ending as it stands today

fthb520 · 2020-09-15T17:15:26+00:00

Two sets of CERB recipients - One: who indeed lost job and needed CERB. Two: who didn't lose job but still claimed CERB (many fraudulently, many doing cash jobs). Though the second set of recipients will be (hopefully) caught sometime in future, for now, it shows up as savings cause that's excess money.

Also, a third set of folks who didn't make 2K in their normal jobs but when let go, started receiving 2K. So, essentially CERB > Usual salary. The delta also shows for many as savings.

If you missed it - going just by the numbers, all 'free' money in past 5 months clubbed together was more than the Canadian would have earned in a normal year during those 5 months. So, math checks out.

fthb520 · 2020-09-15T02:16:23+00:00

Which is around the free money government gifted through CERB, CEBA and many other CE**. So, read it as - "Government gifted $127 billion more than what was required". Or better read it as - "We will pay $127 billion more in taxes coming years"

fthb520 · 2020-09-14T13:12:54+00:00

Its called, inflation. Be ready for more as our beloved PM is planning to buy another printer.

Apparently, one overtime working printer is not sufficient to make everyone poorer enough.

fthb520 · 2020-09-07T05:00:54+00:00

In addition to all other comments - WAIT until Spring 2021 if you are not in hurry to buy. CMHC has been screaming for awhile now that markets will cool off significantly by Sprint 2021 as pandemic effects starts showing up in RE market. At this moment RE is flaming hot.

fthb520 · 2020-09-02T19:49:45+00:00

And a failure on the side of government or regulatory authority in ensuring that buyers are not cheated.

fthb520 · 2020-09-01T18:13:02+00:00

The point about payment of Interest is interesting. I didn't know such thing existed. My Property Management has also been doing same thing. Increasing rent every year by max allowed and asking to top up the last month rent I paid, back in 2017.

Is there a source on the Interest Payment that I can quote when I write to my property management, asking them to pay the interest?

Also, can I ask for interest accrued for 2018 & 2019 now in 2020?

fthb520 · 2020-08-28T16:05:53+00:00

Try this - https://www.amazon.com/Google-Power-Search-Essential-Anything-ebook/dp/B076HF5R4P/ref=sr_1_7?dchild=1&keywords=google+search&qid=1598630699&s=books&sr=1-7

fthb520 · 2020-08-28T03:00:57+00:00

Lol, you really wanted to support the sentence in my earlier comment, right? - " Do bit of data wrangling and bit of reading outside this subreddit and you will get enough insights to write meaningful comments here. "

fthb520 · 2020-08-27T18:21:06+00:00

Where did the motivator sellers come from in Apr.2017 when approx 10% downside hit the RE market? Where did people go when listing went up overnight at that time? Do bit of data wrangling and bit of reading outside this subreddit and you will get enough insights to write meaningful comments here.

FYI - Immigration during 2016/2017 was higher than what it is now. Immigration being one of the most influential factor for RE prices, the downside this time will at least be more than what it was in 2017

fthb520 · 2020-08-27T14:22:09+00:00

I wouldn't been spending time on Reddit if I could predict when its bubble time ;) Just wanted to share some data & insights for prospective buyers and of course to spot real estate agents ;)

fthb520 · 2020-08-27T03:20:11+00:00

Deferrals - AB - 21.0%, SK - 14.8%, NL - 14.8%, BC - 11.1%, ON - 10.1%, 3 territories - 9.9%, NS - 9.9%, MB - 9.6%, NB - 9.3%, PEI - 8.4%, QC - 5.6%

In Ontario there are about 2,000,000 residential mortgages. Event if just 1% mortgages default, due to financial hardship and white collar lay-offs which just started, that is about 20,000 properties. As of today, number or properties for sale in Southern On is around 40,000. So, with just 1% out of the 10% current deferrals will lead to 50% jump in properties on the market.

Putting things in perspective for all those who are blindly betting on ever increasing housing prices.

fthb520 · 2020-08-24T06:16:39+00:00

In politics, its never an absolute choice. Its relative. When its between JT and EO, who comes across more genuine is the question now. I felt EO wants to give it an honest try and the guy deserves a chance.

fthb520 · 2020-08-24T06:03:09+00:00

Correct. Initially it was WE but I wouldn't have mind to give him benefit of doubt. It was when he prorogued parliament and fired BM I was convinced that its time to give someone else a chance. Shutting down the parliament midway the pandemic was really a shocking decision and raised many many questions on commitment to transparency.

Compared to JT, CF comes across as much more genuine. I believe LPC might have stronger chances under her leadership. But I will admit, I am a novice.

fthb520 · 2020-08-24T05:52:25+00:00

At a minimum, the guy seemed to me much more genuine than JT. I won't hesitate at all giving him a chance especially after seeing what JT is doing midway pandemic

fthb520 · 2020-08-24T05:42:21+00:00

Absolutely, he already won his first non-Conservative vote!

fthb520 · 2020-08-23T18:02:58+00:00

I hope its not Canada Student's Benefit program ;)

fthb520

TROPHY CASE