If they want to drink the Koolaid that's fine. It doesn't get passed onto others. C-19 not so much.
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Coronavirus
- Thread starter nobbie48
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If they want to drink the Koolaid that's fine. It doesn't get passed onto others. C-19 not so much.
Wow. My wife loves her products. My wife has M.S. and by staying gluten and dairy free it has seemed to help with inflammation which keeps her symptoms in check.
My wife is also a Physiotherapist and works at a Hospital that is a reasonable walk from this business. She has shared what she can of what she has seen. This **** is real and there have been front line medical staff that have been exposed and are in quarantine.
For someone who presents thenselves and their business as "fair trade" and "ethical" I am shocked to hear these 'Infowaresque" talking points.
I don't know whether to share these tweets with my wife or not. She would likely stop supporting this business which has been one of the few treats she gives herself.
Sigh....
Edit: I checked some of Kelly's personal Twitter account. There is a whack of retweeted 5G stuff and retweeted stuff about how hospitals in parts of the U.S. are not busy etc. My tin foil hat theory is that those tweets is how she really feels. Perhaps a combination of Covid 19 stress plus personal and business stress and perhaps a few too many glasses of wine and a Trump moment of rage or frustration tweeting. Based on similar sentiments supported on her personal page I think she may have dropped a facade. I hope I'm wrong.
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AllistonGT
Well-known member
/\ Great way to kill your own business. No cure for ignorance.
Interesting point. My buddy is currently waiting for his closing date at the end of May and he said that the bank / broker is calling him every week to confirm that he's still employed. The house is already bought so not like he can walk away from his deposit, but I'm not sure if he considered it. So far it looks like it's a go and they're moving.
Trials
Well-known member
Look at all that nice rock at the end of that street, if I had that last house and that was in my back yard, I would want them to stop building more houses.
It's going to be interesting, if you put down $50K on a million dollar house. And it drops 100k, do you walk? it doesnt affect your credit rating , you claim you couldn't get financing (provided you didnt wave conditions) . Then you buy in at the 100k off list, and ANY agent will take your offer.
If i had a house in play right now i'd be worried about getting the deal closed.
If i had a house in play right now i'd be worried about getting the deal closed.
The conditional offer will save some people grief but cause grief for others. I would hate to be in a spot where I had made a firm offer but accepted a conditional one for my digs.
Does the bank have a conditional clause on the mortgage? That sounds crappy.
I could see the fallout from this having buyers try to keep the financing condition alive until just before closing. I have always included it but then lifted it pretty far before closing.
blackcamaro
Well-known member
Lawyers are going to be real busy. There has to be a ton of deals out there with no conditions that the banks are not going to forward funds on due to job loss, market value down and not enough funds to cover difference etc. It’s going to be messy.
I feel the most for those that bought late Feb early March and didn’t sell their place yet.
I don’t really pay attention to the GTA condo market because I have zero interest in it. That has to be another ugly situation though with the number of units used strictly for Airbnb and that income being nonexistent now combined with plenty investors over leveraged on rentals that are negative cash flow. Combine the two and I just think there is a significant drop coming. Also who is going to want to live in a 1 br 600 sq/ft shoebox after getting out of a few month long lockdown.
I feel the most for those that bought late Feb early March and didn’t sell their place yet.
I don’t really pay attention to the GTA condo market because I have zero interest in it. That has to be another ugly situation though with the number of units used strictly for Airbnb and that income being nonexistent now combined with plenty investors over leveraged on rentals that are negative cash flow. Combine the two and I just think there is a significant drop coming. Also who is going to want to live in a 1 br 600 sq/ft shoebox after getting out of a few month long lockdown.
Dont worry, he's working from their now. :/ Obviously they missed the don't go to the cottage memo.
If I am constantly amazed by the arrogance and/or stupidity, who is dumber him or me?
Just to maintain political balance, govt sent a challenger to pick up may, scheer and one other from the west coast for vote last weekend. Scheer brought his entire family which loaded the plane to capacity and none wore masks. Dumb =×_÷%.
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Especially with the very real possibility of a second or third shorter lockdown. Suburb Houses that are close to downtown condo prices may see a surge.
Especially with the very real possibility of a second or third shorter lockdown. Suburb Houses that are close to downtown condo prices may see a surge.
The question for the GTA....how many people buying million dollar plus homes are in professions where they can't be working from home and have actually lost their jobs? Condo market may be different...
Regardless, the market needs a correction of some sorts. This, like for a short period in 2008/2009 is a potential buying opportunity with money to be made, maybe some bargains to be had. We did very well by buying in late 08.
Regardless, the market needs a correction of some sorts. This, like for a short period in 2008/2009 is a potential buying opportunity with money to be made, maybe some bargains to be had. We did very well by buying in late 08.
This is a fun game...ordering things from local stores. I call to put in an order, someone eventually calls me back (while I watch the stock go down on the real time stock monitor), then another someone calls to take my card details. It all works out in the end.
Still better than Loblaws delivery where I eventually got a delivery time, got to the final part of the check out process and....delivery time gone. No more delivery times available. Stupid system.
Still better than Loblaws delivery where I eventually got a delivery time, got to the final part of the check out process and....delivery time gone. No more delivery times available. Stupid system.
Prices are not coming down as long as the banks keep allowing their customers to defer mortgage payments.
If I was over-leveraged, the last thing I'd do is sell at a loss if I can kick the ball down the line and extend my mortgage length...
And the last thing the banks want their customers to do is default on their mortgages.
Home price and job have diverged for some people. They made disproportionate money on past homes and jumped the real estate ladder. I was talking to a nice italian couple in their 60's that cleans offices for a living. They tried to sell their house last year for 1.3.
I think the big fallout will be he people making the jump. They bought a new house for ~1 million and had the starter home sold for 500K. Starter home sale falls through and now they are in a mess. If they got lucky, the buy close is before the sell close and they just end up with two houses and lots of mortgage. That is just money and easy to deal with in the short term. If the sale collapses before the buy, frig me. Chain reaction of crap.
The major game changer in 08/09 was buying a house that needed repairs and substantial upgrades. That is what we did. Basically flippers were sitting on the sidelines and were not driving up the prices on these homes. My guess is the same thing will happen now, too many risks for flippers, timing to get the money back out, etc. People need to sell when they need to sell, not always for financial reasons.
I did not see the same lower prices for done up nicely finished homes in 08, almost no price movement then.
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