COVID and the housing market | Page 67 | GTAMotorcycle.com

COVID and the housing market

shanekingsley said:
Actually... I think you and my Mom would hit it off!
She has done some crazy travels by boat, including the Arctic passage a few times, the Haida Gwaii many times and traveled the world several times over.

You could go up there, stay for free for a weekend or a week, swap travel tales, do a bunch of my chores and and she would cook up a storm for you every meal. You would be at the waters edge the entire time amongst beauty of Georgian Bay and I could go riding.
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Whoa. This isn't a dating site!
 
SVeezy said:
Adapting, it is now lol


Sent from my iPhone using GTAMotorcycle.com mobile app
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Sweet! Anyone looking for a widow that’s 59!? I keep trying to find a mate for her but she just refuses to leave!

I joke, but I think she’d never be able to find another man following my FIL’s passing.

She cooks a mean Polski meal!
 
Friend bought house in Waterloo yesterday, 1970's house, zero upgrades since 1975, ugly and dated and smelled like a particular South Asian spice to the point all carpets have to come out and the house needs painted to hide the overpowering scent. Needs $200K in work right out of the gate. He paid $1,1m , happy to own it.
 
crankcall said:
Friend bought house in Waterloo yesterday, 1970's house, zero upgrades since 1975, ugly and dated and smelled like a particular South Asian spice to the point all carpets have to come out and the house needs painted to hide the overpowering scent. Needs $200K in work right out of the gate. He paid $1,1m , happy to own it.
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So either tolerate the status quo or in essence he's out of pocket 1.3 million. I assume he did the math and accepted the place, done right, is 1.3M.

I'm very conservative with investments and leveraging but you can get a mortgage for less than the rate of general inflation. House inflation is higher. Saving for anything or having a nest egg seems stupid, but is it?

Obviously items that depreciate (Toys and vacations) don't fit the scheme.

Higher interest rates don't seem to be on the horizon, maybe even planet. I'm concerned about negative interest rates.
 
We had a thread here many years ago that turned really nasty.
GTAM is about motorcycles.
 
@bigpoppa

So if you have about $250,000 in cash you can buy a house

Average Canadian under 30 is making something like ~$32k

Hmm
 
GreyGhost said:
Only if you are an international student paying 12K+ a year in tuition with no documented source of income.
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Buy the house
Rent out each room for 400-500 to other international students
Sell it for double or triple after 4 years
Live like a king back home
 
GreyGhost said:
Only if you are an international student paying 12K+ a year in tuition with no documented source of income.
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$12k in tuition? What does that get them. Home economics?
 
Wingboy said:
$12k in tuition? What does that get them. Home economics?
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I haven't looked recently. That was the approximately the number from 10 years ago. My wife was in an unsubsidized program and we were paying ~$12,500 a year for tuition.
 
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