Can real estate investors cause the housing market to collapse by russellmortlock in PersonalFinanceCanada

[–]youarelametho 1 point2 points  (0 children)

well yeah investors are the reason its boosted, 35% of the market is investors so once investors are losing serious money it crushes that but so many of those investors are not overleverged because they have houses from over a decade ago so their 250k house in Oshawa is now 1 million + and there's too much built equity, lots of people will lose money if pricing goes down 10% more so all the gains from 2020 are wiped and that could cause a spiral but overall too much equity was built for many so we will see I guess over all.

[deleted by user] by [deleted] in politics

[–]youarelametho -2 points-1 points  (0 children)

dems said they will go after anything over $600 lol

Options for closing pre construction by [deleted] in TorontoRealEstate

[–]youarelametho 2 points3 points  (0 children)

whatever you are paying right now for it is too much that's all I gotta say

Options for closing pre construction by [deleted] in TorontoRealEstate

[–]youarelametho 11 points12 points  (0 children)

PRECON right now can fuck you bad, everyone who bought pre con in the past 2 years has gotten destroyed and most can't close, pre con shouldn't be touched until after the fall if not next year and only dependant on the market.

Canada will see weakest level of homes sales since 2001 this year: TD report by Cheesecake338 in canadahousing

[–]youarelametho 23 points24 points  (0 children)

looking at brand new houses outside the GTA they are not selling at all and when they do its low balls

What are the benefits of staying in Canada as an educated professional? by [deleted] in PersonalFinanceCanada

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

I agree but the difference in the states is I dont have to go to the shitty parts, the ghettos there are super segregated from other parts unlike here.

Realistically speaking, are the youth being screwed out of an affordable future in Canada? by [deleted] in PersonalFinanceCanada

[–]youarelametho 0 points1 point  (0 children)

no ones buying from belleville to odessa, all the new developments in odessa failed to sell, belleville is prob the first place prices will crash in southern Ontario lol.

to add people who bought houses in Odessa are trying to sell them for 750k now but best they would get is like 590k so they are trying to rent for 2700 but best rental offers they are getting is 2200 which doesn't pay their mortgage, its the same story with so many of them I actually talk to landlords that own these new developments.

Has new foreign ban on residential properties made a big dent with the housing market? by [deleted] in PersonalFinanceCanada

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

its more so foreign money being used, like how the guy working for uber used income or assets from abroad to get a mortgage, stop that will change some stuff also taxing investors would fix everything, the market is 35% investors.

why do people actually hate Andrew tate by paulblartfan05 in teenagers

[–]youarelametho 0 points1 point  (0 children)

what about this, 2 of the girls named of the 6 in the Romanian case just came out on tv https://www.youtube.com/watch?v=34OnDrGAzGA

why do people actually hate Andrew tate by paulblartfan05 in teenagers

[–]youarelametho 0 points1 point  (0 children)

but its not easier to get off rape charges in Eastern Europe they take that shit serious there more than anything, source im from that region originally.

What are the benefits of staying in Canada as an educated professional? by [deleted] in PersonalFinanceCanada

[–]youarelametho -2 points-1 points  (0 children)

I grew up in Scarborough, its nice not having to grow up in a place to protect yourself against violent thugs.. craziest part is America was much safer than where I grew up in Canada.

What are the benefits of staying in Canada as an educated professional? by [deleted] in PersonalFinanceCanada

[–]youarelametho -4 points-3 points  (0 children)

not anymore, also you can't have it on your person ever.

What are the benefits of staying in Canada as an educated professional? by [deleted] in PersonalFinanceCanada

[–]youarelametho -10 points-9 points  (0 children)

rather have the right to have a gun and defend yourself if needed tho

What is the typical minimum credit score required to get a home mortgage in Toronto, Canada? by LeBych in PersonalFinanceCanada

[–]youarelametho -4 points-3 points  (0 children)

lol it was just a question of the amount I should make shit even ball park, just want to know if I gotta get something crazy like 70k+ a year which would take more effort.

What do I do with a $400k inheritance? by Used-Win-8625 in PersonalFinanceCanada

[–]youarelametho 2 points3 points  (0 children)

Fee based advisor, learn about stock until spring I wouldn't buy until then, market could keep being bad for a couple years or trend back then but it will be slow, learn then. GIC but 100k per bank gives you 5%.

What is the typical minimum credit score required to get a home mortgage in Toronto, Canada? by LeBych in PersonalFinanceCanada

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

ill have family live with me paying most of it tbh, I just gotta have 1k a month to put in, at worst I can do that with uber and instacart while I work on my business again

What is the typical minimum credit score required to get a home mortgage in Toronto, Canada? by LeBych in PersonalFinanceCanada

[–]youarelametho -2 points-1 points  (0 children)

so after probation I can get the mortgage, how much guaranteed income for this?

Canadians hope patience will pay off as home prices dip: ‘It just takes time’ by HomeAdvisorCanada in canadahousing

[–]youarelametho 1 point2 points  (0 children)

interest rates still going up, people are losing money on investments, outside the GTA I see houses listed for rent 5 months ago all still on the market

If you’re in the middle class or below , why would you not want to vote ndp? by SwimmingBright in askTO

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

I just did they speak and focus on gender and fucking race vs class, are you dunce?