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COVID and the housing market
- Thread starter mimico_polak
- Start date
D
Deleted member 50930
Guest
If she buys me a condo I am willing ?
bigpoppa
Well-known member
I once dated a chick who was like 22 years older than me(I was very young)
who then also tried to set me up with her daughter (they were from florida as you can guess)
strangely enough, the mom was better looking than her daughter
But even then, being step dad/best friends with the guy who's mom your ******* is cray
#edit @Lightcycle this thread takin off, and you missing out bro
who then also tried to set me up with her daughter (they were from florida as you can guess)
strangely enough, the mom was better looking than her daughter
But even then, being step dad/best friends with the guy who's mom your ******* is cray
#edit @Lightcycle this thread takin off, and you missing out bro
Love is love man. To each their own right.
I always tell my wife....if you want to cheat on me or leave me find the oldest, sickest, and richest dude you can find. I’ll do the same.
wait for em to croak, take the inheritance....profit!
D
Deleted member 50930
Guest
Why break up? Convert them to poly, profit from that income and get on the multi-generation mortgage
You're going to find the oldest, sickest richest dude you can? That's real commitment to the net worth game.
D
Deleted member 50930
Guest
Lucky you....
I saw the statement I wrote, and didn’t change it....I regret it now.
I had a job where the company mileage paid for the car, gas and insurance over a couple of years. It was a beater VW. I'm mechanical but my wife isn't. If we did long distance commutes at least she would have to drive a fairly new car. High mileage cars get poor sales prices. A $40 K car is worthless in 10 years even if the mileage isn't too bad. That's $ 4 K a year in depreciation
So how much mortgage could you carry if you put the money into a house instead of cars?
When my wife retired we went to one car from three, one being a work van. We figured the insurance savings alone would pay for cabs, pubic transit and the occasional rental. In reality we just stopped taking multiple vehicles for granted and did some coordinating.
We got Presto Cards but haven't used them lately due to Covid. Nowhere to go, nothing to do when you get there and sharing air with unknowns.
Covid restrictions have us down to a fill-up a month. An EV would work except for the up front cost vs gas savings payback.
If you live in Oshawa you probably don't work at GM any more.
Peterborough ditto Westinghouse
King / Strachen Ave ditto Massey Ferguson
Hamilton ditto P&G or Stelco
Port credit ditto St Lawrence Starch or Texaco refinery
Leamington ditto Heinz
Barrie ditto DeVilbis or General Tire. Molson's went to pot.
Mimico ditto Goodyear
Work from home? It used to be walk to work.
If a major employer shuts down in a small town the real estate tanks. I knew someone who retired to Kincardine but had to move to London for health reasons. It happened as Hydro was shutting down a unit and subsidizing the sale prices of employee homes if they were terminated. He wasn't an employee and lost his shirt.
I wouldn't be too smug about owning a part of TO either. Covid has severely impacted the condo market. I avoid "Always" and "Never" in forecasts.
bigpoppa
Well-known member
Correct me if im wrong but
I feel like canada doesnt make anything or do anything(anymore)
we were a natural resource economy, but evidently any kind of industry produces carbon so now we're just a real estate hustle/immigration/money laundering hub
The vaccine hiccups just illustrates this
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D
Deleted member 50930
Guest
They are out there but the barrier of entry is kinda high unless you are OK with 20/hr general labour.
Guelph has the massive Linamar Corp
Cambridge and Paris has Tigercat International
KW has ultra mfg, teledyne dalsa etc
But good luck new grads
About 280K at today's 5 year fixed rates. But it is not totally fair as then you have transit costs so lets call it 200K but then again many (most) pay way more than $600 per month per vehicle (again average over life of vehicle..... some months/years will be lower some much higher), they just don't know it.
As an example I owned my 94 Jeep YJ for about 10 years from new, I hit damn near exactly $600/month keeping good records average after factoring in selling price on that one. Let's look at it another way, I drove a Jeep YJ for 10 years and it cost me $70K of after tax income! Good luck driving a similar vehicle today for that money....
After I sold it I went 4 (maybe 5) with no car (lived and worked DT) but I did have my motorcycle... it was liberating. If we could we would go without or at least drop to one but we both need the cars to get to work (after COVID of course). We are doing one and the other is sitting with just comp right now, the bank account notices even that...
Trials
Well-known member
Business in Deseronto is doing smoking good over the last couple of years.
Tammijen6
New member
You think that's bad? A semi in Kitchener was listed for 500k and sold for 800k... unbelievable!
D
Deleted member 50930
Guest
It's insane here 0_0
AllistonGT
Well-known member
Alliston has Honda and Baxtor. For all the doom and gloom of losing manufacturing jobs over the last 20 years, things still keep chugging along. Bad for those who leave high school and just want to get a job. For the most part those days are gone.
D
Deleted member 50930
Guest
Where do I move to in 2022?
blackcamaro
Well-known member
Your talking about the one in the article posted a few pages back right? I’m bored and got curious so I searched the realtor name and had the house number from the picture in the article to find the old listing.
So it’s the 3rd semi to sell on that street since December. $620 December, $675 January, $801 6 days ago.
The most recent sale looks to have the most updates. Also 4 bathrooms (the comparables were 2 and 3 bath) 2 of which look to be built as accessible bathrooms. This might of had big appeal to potential buyers.
I’m not trying to justify the price. I wouldn’t pay $800 for a semi in Kitchener but the article is misleading, it makes it sound like the place sold $300 over its value and leaves out key details.
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