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COVID and the housing market
- Thread starter mimico_polak
- Start date
Nicer house but there are thousands of similar lots. The other lot was special.
Nice site office. What's the main house supposed to look like?I don't even know what to say. 3000 sq ft garage with 1450 sq ft apartment above on two acres in cavan-monaghan and they want 5M.
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No house. The garage and drive burn most of the lot. If it had a house that matched the garage, the price might be in the ballpark. As it sits, I don't know what the right price is. Probably <1M.
I'd just buy a place in butt **** nowhere for a mil or something then retire with index investments. Video games, breed some doggies, and go **** post on r/relationship_advice because that subreddit is full of jaded dumb fucks giving advice to other soon-to-be jaded dumb fucks.
....one of these days!!!!
You seem to be light on motorbikes in your plan.
A lot depends on the quality of the build. I see many built no better than cookie cutter stuff but tarted up to look like an English manor.
I've seen Forest Hill knock downs replaced with all concrete and real stone and others OSB (Beaver barf) and mock stone. The owners with the good ones are condescending towards the OSBers. Cadillac Cimmeron look.
You do see churches and old firehalls go up for sale . I have no evidence but firehalls would be very cool and old churches may have a bit of weird to deal with ( the graveyard in the side yard)
At least the nieghbors would be quiet
Sent from my iPhone using GTAMotorcycle.com
At least the nieghbors would be quiet
Sent from my iPhone using GTAMotorcycle.com
I knew guy that had a white sofa and the way the fabric was draped reminded him of the Shroud of Turin. He found it difficult to get amorous when Jesus was watching.
Sochi
Well-known member
Finally! We all in Toronto should be proud we finally beat West Cost 
biv.com
‘Stunning development’: Vancouver no longer Canada’s priciest housing market
Toronto overtakes Vancouver despite benchmark prices hitting record high: RBC
biv.com
...Industrial isn't much better.
I sold my 1500 SF unit a dozen years ago for $180K. I was talking to a contractor with a similar but slightly nicer unit in Hamilton and he figures $500K. My crystal ball was out for repairs. Add in the rental income and I'm out a half a mil.
Maybe. You didn't need to worry about tenants or special assessments and presumably you had ~180K available that could have been invested in something else. If you put 180K in S&P 500 in February 2010 and reinvested the dividends, you would have 763K completely passively.
EDIT:
Probably a little less as I didn't include investment expenses (~0.08%) but there would also be a lot of expenses related to the building like insurance and maintenance which would dwarf the fund expenses.
Could've Should've Would've right...I assume I'm down about 500k-1,000,000 down because I sold that 6 plex within 2.5 years...but I'm up 600k on my property...so we never know where it would go.
As for Special Assessment...my buddy just told me his friend got a 30k Special Assessment from the board...oops. They're broke and the garage is leaking.
$30K himself or $30K divided by all the owners in the building?
Sounds kind of high. Unless he owns half the building... or there are only 3 units?
Also sounds like a badly managed reserve fund. But I had that problem too, it's not uncommon.
$30k each...I'll hazard a guess that it's about 60-100 units in the building.
$30k * 100 = $3,000,000
I don't think that's out of the realm of possibility to repair a leaking and crumbling underground garage.
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