COVID and the housing market | Page 209 | GTAMotorcycle.com

COVID and the housing market

View attachment 53698^

I was thinking going from the left side to avoid the grass but then I have to make a sharp turn so probably not smart and risk falling down the steep hill

I will go look at some ramps
George I think you'd better going straight up the center of that picture. On the step corner. From pavement one step and then you at the top. Simple ramp sits on that middle step with top as the back stop. Ramp could be "notched" to fit the top curved/straight interface.
 
Or just a few 2X4s and a 2X4 sheet of 3/4 (or maybe two) gets the job done in a hour or two. Make sure to put something on the surface for traction if you think you will be putting your feet down in case it is wet (rain) when you get home.
Or just get a adv bike and ride up the stairs.
 
My parents have decided that next spring they are going to sell the cottage. I get why their doing it, but I've been pretty sad about it tbh

It has hit me recently that its highly unlikely I'd ever be in a position to own two properties. My grandparents had a cottage on Scugog, my parents had a cottage further east, and always thought I would have one somewhere someday. I never daydreamed about winning the lottery when I was younger, but I do now...

Unless I get a wife who is loaded. ISO age 22-30 single woman with rich parents. Please DM all potential candidates.
 
Where is the dude on here with the yacht club? He can point me in the right direction of the rich parents

Hell if the parents are super rich I'd be open to both women and men, we'll make it work hahahaha
 
Last edited:
My parents have decided that next spring they are going to sell the cottage. I get why their doing it, but I've been pretty sad about it tbh

It has hit me recently that its highly unlikely I'd ever be in a position to own two properties. My grandparents had a cottage on Scugog, my parents had a cottage further east, and always thought I would have one somewhere someday. I never daydreamed about winning the lottery when I was younger, but I do now...

Unless I get a wife who is loaded. ISO age 22-30 single woman with rich parents. Please DM all potential candidates.
Tough call. I usually recommended my parents sell the cottage because none of us use it. But now with kids ours love it so we use it fairly often. Will be less this year as the new one will be too young for extended stays but we hope to use it more.

See if you can make an arrangement where you buy it off them. Parents are fairly amicable. If mine told me they want a cheque for 200k for it, I could painfully make it happen. FMV is closer to 600-700k.

Not on the water. But we have a big lot, only 1.5h away, and we love it. Small as it is.
 
Tough call. I usually recommended my parents sell the cottage because none of us use it. But now with kids ours love it so we use it fairly often. Will be less this year as the new one will be too young for extended stays but we hope to use it more.

See if you can make an arrangement where you buy it off them. Parents are fairly amicable. If mine told me they want a cheque for 200k for it, I could painfully make it happen. FMV is closer to 600-700k.

Not on the water. But we have a big lot, only 1.5h away, and we love it. Small as it is.
You never know when people are playing the long game. For all we know, they are dumping the cottage now to stop the bleeding (money and time) for maintenance but the chunk of money will get invested and reappear much larger in the future.
 
Tough call. I usually recommended my parents sell the cottage because none of us use it. But now with kids ours love it so we use it fairly often. Will be less this year as the new one will be too young for extended stays but we hope to use it more.

See if you can make an arrangement where you buy it off them. Parents are fairly amicable. If mine told me they want a cheque for 200k for it, I could painfully make it happen. FMV is closer to 600-700k.

Not on the water. But we have a big lot, only 1.5h away, and we love it. Small as it is.

When I lived with my parents, I'd be up there every weekend June-August, but now I'm like 6hrs away from it, and only go like 4 or 5 times a year. Lots of driving for me, and if its just my parents going up they don't feel like using it.

I dont know what its worth, probably $400k-500k? Its 3 acres on a small lake near Bon Echo. Cottage is a 14 year old 16x52' modular home. It was appraised at $225k back in 2016, but since then I've done a lot of landscaping, dug in a boat launch, built rock retaining walls, etc., really cleaned the place up, and COVID happened.

Even if they gave it to me for free, I'd still be on the hook for $200-250k to make it even and fair with my brother. My parents are all about fairness. If I sell my house now I'd have the money easily, but don't know if that would be a smart move haha
 
When I lived with my parents, I'd be up there every weekend June-August, but now I'm like 6hrs away from it, and only go like 4 or 5 times a year. Lots of driving for me, and if its just my parents going up they don't feel like using it.

I dont know what its worth, probably $400k-500k? Its 3 acres on a small lake near Bon Echo. Cottage is a 14 year old 16x52' modular home. It was appraised at $225k back in 2016, but since then I've done a lot of landscaping, dug in a boat launch, built rock retaining walls, etc., really cleaned the place up, and COVID happened.

Even if they gave it to me for free, I'd still be on the hook for $200-250k to make it even and fair with my brother. My parents are all about fairness
i'm near Bon Echo, which lake?
 
View attachment 53698^

I was thinking going from the left side to avoid the grass but then I have to make a sharp turn so probably not smart and risk falling down the steep hill

I will go look at some ramps
Ramps at CT go on sale half price all the time. I bought one for $50 on sale that would work well. Of course I lent it to a friend last year and never saw it again.
 
You never know when people are playing the long game. For all we know, they are dumping the cottage now to stop the bleeding (money and time) for maintenance but the chunk of money will get invested and reappear much larger in the future.
100% agree. Only @48Connor and his family know the dynamic, reasons for selling, and whatever else goes into it.

My take is simple...try to keep it in the family if you can. Properties are NOT going down anytime soon. But if they need to sell, they need to sell.

Our reasons for keeping it are simple...we love it. It would be very nice to sell it, and take the money and buy something else further away and far away from neighbours...but at a cost of an additional 1-3hrs of travel time. I can literally leave the house at 6am, take a drive up, make sure all is OK, and be back home by 10am...and I've done it more times than I care to admit.

My buddy has a beautiful cottage north of Algonquin. Large, on the water with 10 other cottages, isolated enough, but close enough for nosy neighbours to come by and check up on the place to make sure all is good...but a 3hr drive with no traffic. I love going up there with the guys, but with the kids...gets annoying by Barrie.
 
Or just a few 2X4s and a 2X4 sheet of 3/4 (or maybe two) gets the job done in a hour or two. Make sure to put something on the surface for traction if you think you will be putting your feet down in case it is wet (rain) when you get home.
Probably $100 in materials. A used ramp is probably cheaper and salable when no longer needed
 
Not really covid related but a good discussion on planning policy.

Housing discussions are very polarizing and it will get worse. Canada is talking about 400,000 new immigrants per year and they will have to live somewhere, at least 100,000 family units. Add in the XXX number Canadians that want to leave their existing parental nest. How high can you stack used shipping containers?

Eliminating foreign buyers by punitive taxes will slap the snot out of the price market for a while but the demand will soon catch up.

Is this not more of an oligarchy where the laws favour the rich getting richer and the poor getting poorer?

Personally I don't think any one in Canada deserves a house, not a soul. However I think everyone deserves the right to work for one.

Why is housing so expensive?

1) Expectations of granite counter-tops and multiple bathrooms etc

2) Expectations of vacations and toys concurrent with buying a house.

3) Foreign financial interference

4) Nanny state building codes and development costs that end up funding bridges to no where

5) NIMBYs

Re #4, building codes. Go back a generation and smoke detectors and sprinklers were unheard of. But think of the children. If you care about your children DON'T SMOKE in the house. DON'T STORE OILY RAGS. DON"T MESS WITH ELECTRICITY. Save the costs.

If you're stupid enough to kill off your family it makes the world better and easier for the next generation.

Learn to read advertising and how it screws your mind into buying what you don't need.
 

Back
Top Bottom