|
|
|
COVID and the housing market
- Thread starter mimico_polak
- Start date
And the owner is a dick. Lots of sketchiness there.
On the affordable housing front a 64 unit rent geared to income townhouse development in London in likely being taken over by the city as its insolvent. Built in the 60's. City was already subsidizing it by close to 400k a year and that wasn't enough. Whats the right answer? I suspect for everyone other than the current tenants, city tax revenue would be better spent by turning into rental rooms (dorm style) instead of full dwellings. You could probably acco.adate two or three times as many people for similar cost. Maybe even lower as more people are paying rent. That may make the project financially stable. The 64 current tenants would lose their minds.
lfpress.com
City poised to take over cash-strapped social housing project
London is poised to take control of a 64-unit townhouse social housing project on Ladybrook Crescent run by Inter Faith Homes
lfpress.com
More cousins buying property in Poland. Effing hell.
Talk about screwing up financially selling that multiplex. Was looking today and i can’t find anything decent for less than half a million as a cottage.
Talk about screwing up financially selling that multiplex. Was looking today and i can’t find anything decent for less than half a million as a cottage.
I sold my industrial condo ten years ago for a third of what it's worth today. The rent I could have taken in would have been thick icing on the cake but the money I got gave us peace of mind through some challenging times. Can't have both.
Oh I know…but you know how it is. Could’ve should’ve would’ve type of thing.
Could’ve done both if I was crooked and went with a shady broker and 5k in cash to make the numbers work.
Should’ve? Hindsight says yes
Would’ve? Maybe…I’m a pansy when it comes to financial risk.
Never Fight With a Pig is a book about making it, the risks one takes and the suffering the family takes en route. Nice house but no furniture so you sleep on the floor and move the lawn furniture to the dining room. Shaft anyone and everyone by playing money games.
I know a couple of entrepreneurs that achieved degrees of success but their wives said goodbye when the going got too rough in the early years. The first year of business is the worst but most businesses don't settle down financially for six or more. If you get the go-for-the-throat attitude can you back off?
I still want to know if the guy in Hamilton that shot his renters was being shafted, abetted by the LTB as the BoC kicked him while he was down.
Sleep well at night. Hug the family.
Times getting tough for realtors?
Times getting tough for realtors?
I've heard of the free hair cut guy.
We went with HeyRay. Got 9 months free storage 10x20 unit ($4322.25 if we paid for it) and free staging for our house.
We also received a good discount for a painter as we want to make a few rooms "neutral"
MIL's condo went up last night and already two viewings booked.
Very friendly and professional team.
I have very serious doubts about douggie being able to pull this off at all but if he manages to make this happen at scale it could vastly change the RE game. Hopefully there is some recognition of public money input ( eg land lease or 50% ownership) to keep original buyer from flipping and doubling money.
TL: DR 1600 sq ft detached homes with basement apartments for 500k across the province.
www.therecord.com
TL: DR 1600 sq ft detached homes with basement apartments for 500k across the province.
Ford promises homes in Ontario for under $500,000 during speech at Kitchener FordFest
Hundreds of protesters gathered outside Bingemans
www.therecord.com
Last edited:
1600 SF @ $300 SF = $480,000. Who's donating the lot?I have very serious doubts about douggie being able to pull this off at all but if he manages to make this happen at scale it could vastly change the RE game. Hopefully there is some recognition of public money input ( eg land lease or 50% ownership) to keep original buyer from flipping and doubling money.
TL: DR 1600 sq ft detached homes with basement apartments for 500k across the province.
Ford promises homes in Ontario for under $500,000 during speech at Kitchener FordFest
Hundreds of protesters gathered outside Bingemans
Exactly. I hate public policies that pick winners and losers. Gifting 500k to the few is handing out lottery wins (paid for by the rest).
Mad Mike
Well-known member
Love it. I'll take 5, Markham please.I have very serious doubts about douggie being able to pull this off at all but if he manages to make this happen at scale it could vastly change the RE game. Hopefully there is some recognition of public money input ( eg land lease or 50% ownership) to keep original buyer from flipping and doubling money.
TL: DR 1600 sq ft detached homes with basement apartments for 500k across the province.
Ford promises homes in Ontario for under $500,000 during speech at Kitchener FordFest
Hundreds of protesters gathered outside Bingemans
Ya…but let’s remember starter homes are no longer in vogue. People want a 1500sqft home, double car garage, big yard, and all that good stuff.
I don't know if he was talking finished sw ft ot conventional sq ft (or height). If they ever got built, I wouldnt be surprised if floor plate was ~500 sq ft. Bungalow is more expensive to build psf. If that is the case, apartment will be very small unless some unconventional things are done as normally laundry and mech get subtracted from basement space.
Unless Ontario goes full socialist/ communist, I can’t see any builder getting on board to make 800sq ft houses .
Toronto real estate board just announced a record number of condos on the market as investors scramble to get out . I think folks with most of their wealth in small real estate holdings are going to get a reconning.
Sent from my iPhone using GTAMotorcycle.com
Toronto real estate board just announced a record number of condos on the market as investors scramble to get out . I think folks with most of their wealth in small real estate holdings are going to get a reconning.
Sent from my iPhone using GTAMotorcycle.com
Mad Mike
Well-known member
Supply and demand rules real estate. Low interest rates fuelled speculators, without free money and double digit value increases speculators are out.
Without speculators, new builds and properties near them have lost value. If you own(ed) a property in those areas, when reduction in prices reflects the dropout of speculators. Dense built out areas have fewer speculators, hence no real price changes.
Demand is still growing faster than supply, I don't see much price change.
|
|
|
|
|