J_F
Guest
crazy eh?
one of the biggest decisions you'll ever make based on a 30 minute viewing
place could have a lot of issues you can't see until you move in
and the neighbors could be awful
nothing you can do about the latter
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COVID and the housing market
- Thread starter mimico_polak
- Start date
one of the biggest decisions you'll ever make based on a 30 minute viewing
place could have a lot of issues you can't see until you move in
and the neighbors could be awful
nothing you can do about the latter
Haha. Each time we look for houses, we normally spend a weekend checking out a bunch and make an offer early the next week. We tell the buying agent that it will be quick and they don't believe us. You can easily get into paralysis by analysis and miss out on something and be chasing something you like better for many months (while the market continues to climb).
EDIT:
FWIW, last time we looked, we had two candidates on the short list. Both close to each other. One lot and house was 30% bigger. The other had a more appealing layout and less traffic nearby. It was about 200K more for the smaller house. For various reasons we picked the smaller house (and was annoyed when I walked into the garage of the house we bought as I had transposed the garages in my head). 200K on the mortgage is a hell of a lot of years of extra payments (you are paying interest on that 200K for more than a decade before you start paying it down so really it is more like 300K difference in real money). Now, less than three years later, the gap has spread to >400K in favour of the smaller house.
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Devils in the details on the 1.53M house…
I’m scared to look inside.
Is it a flip? Foreign investment? Money laundering?
they painted the windows and gutters black instead of replacing them…
I’m scared to look inside.
Is it a flip? Foreign investment? Money laundering?
they painted the windows and gutters black instead of replacing them…
A lot of my values were set before lotteries were legal. The Irish Sweepstakes was available only if you knew someone.
If as a kid I commented on a nice car or house my mother told me to have those thinks I had to work hard and save my money. Now the parents tell the kids they have to win a lottery. I think a lot take the advice literally. Few get ahead based on just luck.
Check out this beauty for 300K in an industrial part of Barrie. Only two pics of outside, no pics of inside. It seems very bent, not sure if it is even safe to enter.
Then you have this one, 10 minutes out of barrie. Seems quite reasonable actually. Sold for 485 last week. You even get a Yonge St address for baller status.
1100 sq ft, 3 bed, 2 bath home. Single detached garage, two sheds and 66ft X 396 ft lot
Or this head scratcher. Sold in May 2020 for 190. Relisted in July 2021 for 429. It's got a long-term tenant and they reused the description so it sounds like they did nothing. Finding a house for 190 in 2020 seems like it should have been impossible.
Then you have this one, 10 minutes out of barrie. Seems quite reasonable actually. Sold for 485 last week. You even get a Yonge St address for baller status.
1100 sq ft, 3 bed, 2 bath home. Single detached garage, two sheds and 66ft X 396 ft lot
Or this head scratcher. Sold in May 2020 for 190. Relisted in July 2021 for 429. It's got a long-term tenant and they reused the description so it sounds like they did nothing. Finding a house for 190 in 2020 seems like it should have been impossible.
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You forgot the magic words ,Investor’s dream house with unlimited potential’Check out this beauty for 300K in an industrial part of Barrie. Only two pics of outside, no pics of inside. It seems very bent, not sure if it is even safe to enter.
Is this remotely surprising to you? This should probably be in the election thread.
Check out this beauty for 300K in an industrial part of Barrie. Only two pics of outside, no pics of inside. It seems very bent, not sure if it is even safe to enter.
Then you have this one, 10 minutes out of barrie. Seems quite reasonable actually. Sold for 485 last week. You even get a Yonge St address for baller status.
1100 sq ft, 3 bed, 2 bath home. Single detached garage, two sheds and 66ft X 396 ft lot
Or this head scratcher. Sold in May 2020 for 190. Relisted in July 2021 for 429. It's got a long-term tenant and they reused the description so it sounds like they did nothing. Finding a house for 190 in 2020 seems like it should have been impossible.
metal roof….that **** is maintenance free! Adds a bajillion $ to the ask!
I'd like to see any of the morons running in the election try to justify why earning 1M a year tax-free using the principal residence exemption is a good idea. It just spreads haves and have nots further and faster.
www.blogto.com
This $11 million Toronto mansion has more than doubled in price in 5 years
You know a home is gonna be fancy when their garage doesn't just have concrete floors and this Rosedale home is very fancy. The foyer with heated...
www.blogto.com
No justification needed. People hear the words ‘Tax on principal residence’ and lose their poop.I'd like to see any of the morons running in the election try to justify why earning 1M a year tax-free using the principal residence exemption is a good idea. It just spreads haves and have nots further and faster.
This $11 million Toronto mansion has more than doubled in price in 5 years
You know a home is gonna be fancy when their garage doesn't just have concrete floors and this Rosedale home is very fancy. The foyer with heated...
Meanwhile that exemption is one of the reasons we’re so ****** in the housing market. People playing it to their advantage and screw others.
Same as our nearby neighbour at the cottage.
Buy land for 125k on a vacant lot.
Build sweet house / cottage for (let’s assume) 300k.
Sell for 900k after 1.5 years for capital gains tax free.
Do it every 2-3 years for the last 30 years. Why bother with a normal job?
Cheapskates. Wallpaper imported from England and France. Pfft. I worked on one that had silk applied to the walls and the man flew over from Japan and painted it.I'd like to see any of the morons running in the election try to justify why earning 1M a year tax-free using the principal residence exemption is a good idea. It just spreads haves and have nots further and faster.
This $11 million Toronto mansion has more than doubled in price in 5 years
You know a home is gonna be fancy when their garage doesn't just have concrete floors and this Rosedale home is very fancy. The foyer with heated...
GTAM group buy? Apparently the government missed the message that land is bleeping expensive. They are selling off CFB picton. 700 acres with tons of buildings in Prince Edward County for 15M. Three runways in a triangle if you want to give the bikes a workout. Seems like a great deal for someone. 50 tenants should generate a healthy income to pay it down. I don't have access to enough capital.
www.countylive.ca
"Meanwhile, the business park, aerodrome and development land are currently listed for sale at $14,995,000. It includes approximately 688 acres and more than 400,000 square feet of buildings, three runways, six hangers; four separate land parcels and single family residential homes as well as the Flying Club. The Industrial park has more than 50 tenants and a waiting list."
Once In A Lifetime Opportunity To Create 688 Acres Masterplan For Multiple Residential Lifestyle Communities While Utilizing Picton Airport, Its Business Park And Its (Non-Designated) Wwii Air Force Base Heritage. Secondary Plan Identifies 45 Acres As Town Residential Area. Additionally 128 Ac. Future Residential, 101 Ac. Business Park, 398 Airport And 16 Ac. Rural (All Approx.). Current Business Park Provides Holding Income With Room To Grow.**** EXTRAS **** 320,000 Sf Indust. & Comm. Buildings 100% Leased With Waiting List. Licensed And Operational Airport, 3 Runways And Option To Extend.
Camp Picton (Loch Sloy) proposed for ‘Heritage Inventory Listing’ : Prince Edward County News countylive.ca
Prince Edward County News, All County, All the time
www.countylive.ca
Frak if only I had access to that type of capital I’d own it already.
Part of me wants to call someone that can buy it with cash on hand, part of me thinks it will be a pointless call as they already know.
Only one way to find out.
Hell I’d buy this if I had the capital…..near the cottage, solid business for a good portion of the year….but obviously dead in the winter unless there’s good snowmobiling nearby.
Check out this listing
Check out this listing
DownUnder
Well-known member
How hard would it be to turn this into a racetrack?GTAM group buy? Apparently the government missed the message that land is bleeping expensive. They are selling off CFB picton. 700 acres with tons of buildings in Prince Edward County for 15M. Three runways in a triangle if you want to give the bikes a workout. Seems like a great deal for someone. 50 tenants should generate a healthy income to pay it down. I don't have access to enough capital.
"Meanwhile, the business park, aerodrome and development land are currently listed for sale at $14,995,000. It includes approximately 688 acres and more than 400,000 square feet of buildings, three runways, six hangers; four separate land parcels and single family residential homes as well as the Flying Club. The Industrial park has more than 50 tenants and a waiting list."Camp Picton (Loch Sloy) proposed for ‘Heritage Inventory Listing’ : Prince Edward County News countylive.ca
Prince Edward County News, All County, All the time
Once In A Lifetime Opportunity To Create 688 Acres Masterplan For Multiple Residential Lifestyle Communities While Utilizing Picton Airport, Its Business Park And Its (Non-Designated) Wwii Air Force Base Heritage. Secondary Plan Identifies 45 Acres As Town Residential Area. Additionally 128 Ac. Future Residential, 101 Ac. Business Park, 398 Airport And 16 Ac. Rural (All Approx.). Current Business Park Provides Holding Income With Room To Grow.**** EXTRAS **** 320,000 Sf Indust. & Comm. Buildings 100% Leased With Waiting List. Licensed And Operational Airport, 3 Runways And Option To Extend.
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