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#6647567 - 10/15/12 08:11 AM Housing price correction
Choco 'Nuck Offline
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Registered: 07/10/01
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Oh noes, the sky is falling

So how long are you going to wait for the bottom before buying?

http://www.theglobeandmail.com/report-on...article4612858/

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#6647577 - 10/15/12 08:23 AM Re: Housing price correction [Re: Choco 'Nuck]
Risky Business Offline
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Registered: 05/17/10
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That's sales activity, not price.

Speaking of which, I threw the idea of listing my house next May, this resulted in a huge fight at home, guess no get-rich-quick-scheme for me. \:\(

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#6647584 - 10/15/12 08:28 AM Re: Housing price correction [Re: Risky Business]
Senor Eduardo_82 Offline
miataist
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Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
One of these days she's going to push you off the ladder man.

GNSPeasant

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#6647591 - 10/15/12 08:31 AM Re: Housing price correction [Re: Senor Eduardo_82]
Screamin Type ARGH! Offline
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Registered: 02/20/01
Posts: 47669
Loc: T.O. - Canaduh
ahh married life, welcome to compromise.

as for prices, sales may have slowed slightly (normal for this time of year), but pricing demand is still up (moreso in the stronger areas as usual). it usually takes about 4-6months for sellers to come down and adjust their pricing, which will happen by feb/march.

but the funny and dry part is, shit will just rise again come spring, and into summer, with insane asking prices.
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#6647592 - 10/15/12 08:31 AM Re: Housing price correction [Re: Senor Eduardo_82]
Choco 'Nuck Offline
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Registered: 07/10/01
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Where would you move to? I think you should buy in greek town dude. Bungalow, renovated to 2 stories with the 400 foot deep lot. Grow some tomatoes and stuff in the back yard.
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#6647625 - 10/15/12 08:45 AM Re: Housing price correction [Re: Choco 'Nuck]
Risky Business Offline
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I'd be ok living in an apartment for 8 bills a month. I don't need a house.
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#6647663 - 10/15/12 09:08 AM Re: Housing price correction [Re: Screamin Type ARGH!]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19638
Loc: Toronto
 Originally Posted By: Screamin Civic
ahh married life, welcome to compromise.



Ain't that the fucking truth!

I'm sick of living in a townhouse and would like to move out of the neighbourhood to get something that I would like and can afford. I would compromise location (to an extent) to give me what I want in a house.

Wife on the other hand loves the general area and wants to stay, fine by me but to give me what I want in our next house would be atleast $800k here. First kid is in school too which adds to us sticking around.

I'm going to be stuck here forever. \:\(

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#6647668 - 10/15/12 09:11 AM Re: Housing price correction [Re: Big Tasty]
Screamin Type ARGH! Offline
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 Originally Posted By: Big Tasty
 Originally Posted By: Screamin Civic
ahh married life, welcome to compromise.



Ain't that the fucking truth!

I'm sick of living in a townhouse and would like to move out of the neighbourhood to get something that I would like and can afford. I would compromise location (to an extent) to give me what I want in a house.

Wife on the other hand loves the general area and wants to stay, fine by me but to give me what I want in our next house would be atleast $800k here. First kid is in school too which adds to us sticking around.

I'm going to be stuck here forever. \:\(


http://www.tv.com/shows/wife-swap/
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#6647706 - 10/15/12 09:28 AM Re: Housing price correction [Re: Risky Business]
87ZCSi Offline
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Registered: 09/06/00
Posts: 7171
Loc: Portland and Toronto
 Originally Posted By: Risky Business
I'd be ok living in an apartment for 8 bills a month. I don't need a house.


I thought that too, and I ended up spending $400/month more than that. At some point having $ in the bank isn't worth sanity or your wife's safety. Because really, what else would you spend it on?

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#6647711 - 10/15/12 09:31 AM Re: Housing price correction [Re: Risky Business]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: Risky Business
That's sales activity, not price.
a drop in sales always precedes the correction. gnsp
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#6647722 - 10/15/12 09:34 AM Re: Housing price correction [Re: Screamin Type ARGH!]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19638
Loc: Toronto
I see sales slowing around here. Two townhouse in my complex have been for sale for a number of months now and I was sure they would go within the first week. Smaller bungalows are moving via contractors looking to tear down and flip the units.
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#6647858 - 10/15/12 10:35 AM Re: Housing price correction [Re: Risky Business]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Risky Business
That's sales activity, not price.

Speaking of which, I threw the idea of listing my house next May, this resulted in a huge fight at home, guess no get-rich-quick-scheme for me. \:\(




if the house isnt under her name, she aint got no say, unless she's contributing financially to the home.

but yeah, memories of the horrid married life. never again.
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#6647877 - 10/15/12 10:41 AM Re: Housing price correction [Re: c2k]
Choco 'Nuck Offline
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^^ So you just have booty calls now?
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#6647901 - 10/15/12 10:53 AM Re: Housing price correction [Re: Choco 'Nuck]
c2k Moderator Offline
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Registered: 05/21/00
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 Originally Posted By: Chocolate Canuck
^^ So you just have booty calls now?


why bother?
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#6647906 - 10/15/12 10:53 AM Re: Housing price correction [Re: Choco 'Nuck]
A2B-Lexus Offline
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Registered: 04/19/01
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Loc: Raptors Land
 Originally Posted By: Chocolate Canuck
^^ So you just have booty calls now?



































.





Hi five!

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#6648180 - 10/15/12 12:31 PM Re: Housing price correction [Re: A2B-Lexus]
JEFFOS Offline
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Registered: 01/27/00
Posts: 29150
Loc: Toronto
I'm looking now - sales are starting to slow and prices are starting to drop. Slowly but on the impressive houses (fully done an reno'ed already) they still sell in a few days.
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#6648403 - 10/15/12 01:58 PM Re: Housing price correction [Re: Risky Business]
iamfob Offline
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Registered: 09/06/02
Posts: 24697
Loc: Out There
 Originally Posted By: Risky Business
I'd be ok living in an apartment for 8 bills a month. I don't need a house.


No you don't. Once you move to an apartment or condo, you will miss the basement (storage) and garage to work on your car. And you are a handy man, the house will keep you busy
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#6648465 - 10/15/12 02:26 PM Re: Housing price correction [Re: iamfob]
phoenixrage Offline
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Registered: 01/15/08
Posts: 50785
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 Originally Posted By: iamfob
 Originally Posted By: Risky Business
I'd be ok living in an apartment for 8 bills a month. I don't need a house.


No you don't. Once you move to an apartment or condo, you will miss the basement (storage) and garage to work on your car. And you are a handy man, the house will keep you busy


He'll find a way to put a shed on the roof of the condo.
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#6648546 - 10/15/12 02:49 PM Re: Housing price correction [Re: phoenixrage]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19638
Loc: Toronto
Too far, he would hang it off the Juliette balconey.
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#6648594 - 10/15/12 03:05 PM Re: Housing price correction [Re: 87ZCSi]
titty sprinkles Offline
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Registered: 08/22/05
Posts: 17192
Loc: Toronto,Ontario
 Originally Posted By: 87ZCSi
 Originally Posted By: Risky Business
I'd be ok living in an apartment for 8 bills a month. I don't need a house.


I thought that too, and I ended up spending $400/month more than that. At some point having $ in the bank isn't worth sanity or your wife's safety. Because really, what else would you spend it on?


hookers & blow.
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#6730724 - 11/23/12 01:54 PM Re: Housing price correction [Re: titty sprinkles]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19638
Loc: Toronto
I could deal with commute bs for this: http://www.realtor.ca/propertyDetails.aspx?propertyId=12593250&PidKey=-1519286212

Neighbourhood:
https://maps.google.ca/maps?q=69+TODD+RD...,102.16,,0,-4.8

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#6730742 - 11/23/12 02:17 PM Re: Housing price correction [Re: Big Tasty]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
69 Todd eh?



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#6730760 - 11/23/12 02:34 PM Re: Housing price correction [Re: A2B-Lexus]
LNXGUY Moderator Offline
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Registered: 08/06/00
Posts: 106985
Loc: Barrie, Ont,
To bad the brick is red. Not a fan.
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#6730772 - 11/23/12 02:41 PM Re: Housing price correction [Re: LNXGUY]
JEFFOS Offline
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Registered: 01/27/00
Posts: 29150
Loc: Toronto
Red brick can look good - needs to paint all of the trim and garage black though
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