COVID and the housing market | Page 192 | GTAMotorcycle.com

COVID and the housing market

Lightcycle said:
A few years ago, my buddy planned a European MotoGP vacation around the race schedule. IIRC, there were 5 races over the span of 7 or 8 weeks, all within driving distance of one another (something like Spain -> France -> Czech Republic -> Germany -> back to Spain once again).

He never made it out there, but I thought, "Wouldn't that be the life? Following the MotoGP caravan from country to country, watching them set up during the week, watch all the testing and qualifying and races. Then rinse and repeat the following week."
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Oh believe me, the wife and I have dreamed about this one. We agreed that the one major vacation we would take should we win the lottery or inherit some long-lost millions would be to follow the GP circus around the world out of a home base in Italy. You'd get to see a bunch of amazing places, and it would be very revealing to see the whole show for a full year in person. We did discuss a motorhome for the Euro rounds, but we also like to sleep. Spain, France and Italy are notorious for non-stop rackets...

(We were planning a much smaller-scale trip to Mugello this year, but the financial reality of putting a kid through university has forced a pause onto those ideas...)
 
Priller said:
Spain, France and Italy are notorious for non-stop rackets...
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I can attest to that first-hand.

We camped at Misano in 2014 and they were partying soooooooo hard because Rossi was doing well in testing and qualifying.

He ended up winning on Sunday (sorry, spoilers?) so forget about sleeping that night.

Was fun though, great atmosphere. And when it came time to go to sleep, we just guzzled cheap red wine till we passed out.

I don't know what MotoGP post-Rossi will look like, but it won't ever be the same again.
 
Rossi may have been the last guy to party like a rock star, win , have fun doing it and also pump a lot back into the sport. Talented riders will come in his wake , but stuff like the outhouse stops, inflatible girl incident , the guy was a legitimate showman .
 
Priller said:
The problem with concrete buildings is that it's easy to kick the repairs down the road, as you rarely get sudden catastrophic issues like you might with a leaky roof in a timber structure, for example. But the costs of repair mount exponentially, so ignoring a minor $10,000 waterproofing issue eventually leads to a $100,000 localised repair, which can then easily grow into a $1,000,000+ slab replacement within a couple years, especially if road salts are involved.

Add in condo boards mostly peopled by cheapskates determined to pinch every penny, and you get deeply incompetent property managers that are a product of that approach (usually staffed by kids making barely above minimum wage or one semi-competent person trying and failing to manage 30+ properties). Then you get cheap engineers who operate by telling owners what they want to hear in order to keep their business, and then put together crap half-arsed tender packages. These tenders are perfect for scuzzy contractors who specialise in manipulating the low-bid process by keeping their base number tight and then exploiting the bad spec/contract and poor oversight to maximise extras and do substandard work. In the end, the owners collectively pay exponentially more for less, all in the name of saving money up front.
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When I was on the board the PM suggested we were in good shape and could drop the fees a few dollars. I went the other way. Make it at least a COLI. They won't notice a few $$ a month but it will be hell if there is a special assessment.

Too many property managers only know condo law. They don't know the trade technical stuff and can be conned into snake oil repairs that cost money at the get go, money to rip out and money to replace the second time.
 
Georg3__ said:
Used motorcycle pricing is gone wacko too.

I got offered basically what I paid for my z900 at a Suzuki dealership. But there is a long wait

I should have kept my sv650 🤦‍♀️
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I was a bit off. He paid $25,000 for it slightly used nine years ago and got $20,000 for it on a private sale after putting 200,000 Km on it. He replaced it with the same thing at about $90,000. He could have picked a silver grey one but the paint had pale vertical streaks in it from poor technique / set up or QC. Metalics are touchy to spray but maybe the robot was having a bad day.
 
Neighbours mom was getting older and had a fall and injury at home. Her home in Barrie needed to be sold to pay for LTC. Listed on a Thursday. 16 unconditional offers, 1 conditional. Sold firm on the first Monday for 380 over asking.
 
GreyGhost said:
Neighbours mom was getting older and had a fall and injury at home. Her home in Barrie needed to be sold to pay for LTC. Listed on a Thursday. 16 unconditional offers, 1 conditional. Sold firm on the first Monday for 380 over asking.
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Was the price set properly? Or begging for a bidding war?

Curious to see whether it was within the comparables, or the beautiful game of bidding frenzy.
 
mimico_polak said:
Was the price set properly? Or begging for a bidding war?

Curious to see whether it was within the comparables, or the beautiful game of bidding frenzy.
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Dunno. It was detached and I think the plan was to list it around 600-700. Towns in Barrie are 700-900 now so it was definitely light on the asking price. That being said, apparently it was a small house on a normal lot on a busy street and hadn't been touched in decades.
 
mimico_polak said:
Was the price set properly? Or begging for a bidding war?

Curious to see whether it was within the comparables, or the beautiful game of bidding frenzy.
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Asking is meaningless these days. Many realtors intentionally set the listing low so they can brag about how much they sell over asking to potential clients.

The reality is it's just a starting point for the bidding, except unlike a normal auction, nobody knows what everyone else is offering...
 
mimico_polak said:
Nice. Wife just sent me this…

www.realtor.ca

Check out this listing

2926 REMEA CRT, Mississauga, Ontario L5L2H5
www.realtor.ca www.realtor.ca

And this…

www.realtor.ca

Check out this listing

378 OJIBWAY TR, Mississauga, Ontario L4Z3A1
www.realtor.ca www.realtor.ca
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Interesting. All pics taken in summer/fall including drone shots. Why wait until now to list? Obviously they planned on selling long ago. I am going with those are teaser prices.
 
Priller said:
Asking is meaningless these days. Many realtors intentionally set the listing low so they can brag about how much they sell over asking to potential clients.

The reality is it's just a starting point for the bidding, except unlike a normal auction, nobody knows what everyone else is offering...
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Near me a small bungalow tarted up on a normal lot, no garage. List $1.2 M sold in a day @ $1.6 M. List should have been $1.4 but wow 33% over, sold in a day. At $1.2 M it would have gotten a lot of traffic and some antsy buyers took the bait.
 
House across the road listed a week ago for $2.1m
Wife checked yesterday morning and listing had been terminated and new price $2.3m
I went out for the afternoon and came back to a SOLD sign.
Really curious now why the listing price change ? And what it actually sold for?


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