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#10661467 - 01/09/25 11:31 AM Re: dat real estate v.2021 [Re: LNXGUY]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9505
Loc: The A
 Originally Posted By: LNXGUY
I gotta renew in May, I'm still thinking variable.


i think the next 3 announcements before then will tell us a lot.
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#10661633 - 01/09/25 05:37 PM Re: dat real estate v.2021 [Re: Simon_the_Pieman]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 108155
Loc: Barrie, Ont,
True. Let's see what happens.
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The GN would OWN you, your children and your children's children.
Left foot, right foot, just keep moving!!! -Jeffrey P. Murphy


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#10661668 - 01/09/25 07:27 PM Re: dat real estate v.2021 [Re: LNXGUY]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26919
Loc: Toronto, ON
 Originally Posted By: LNXGUY
I gotta renew in May, I'm still thinking variable.


Variable.

You should be able to get -0.9 to -1.0 on uninsured as of today. Makes zero sense to go fixed. Economy only getting shittier with each month lol
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'07 997.1 GT3
'08 E90 M3
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'02 Rota Grid - 195-55-16FR (RIP)
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I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#10680562 - 03/09/25 06:47 AM Re: dat real estate v.2021 [Re: furball]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9558
Loc: Toronto, ON
$460k loss. Sold.

https://x.com/shazigoalie/status/1898452993881567727?s=46&t=yvRxcjSrq9J-qBrK0dI17A

 Originally Posted By: furball
This isn’t going to sell well, ever.

Two bodies One Body + 1 injured found last night, all over CP24.

https://youtu.be/FHv9c19LLBo?feature=shared

Lease listing immediately cancelled yesterday as well. HouseSigma
https://housesigma.com/on/brampton-real-...medium=iOS&ign=

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#10680563 - 03/09/25 07:00 AM Re: dat real estate v.2021 [Re: furball]
Risky Business Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46083
Nailed it

~22% loss

Given how bad the market is, 25% would've been more appropriate.

 Originally Posted By: Risky Business
What happened? Murder houses sell, just needs time and typically a 20% haircut, but they move no issue as long as priced accordingly.

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#10680643 - 03/09/25 04:59 PM Re: dat real estate v.2021 [Re: Risky Business]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9558
Loc: Toronto, ON
Apparently at least one of those listed had utilities cut off.

https://x.com/shazigoalie/status/1898560871527338357?s=46&t=yvRxcjSrq9J-qBrK0dI17A

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#10680676 - 03/09/25 09:50 PM Re: dat real estate v.2021 [Re: furball]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45589
Loc: Raptors Land
Are we ever going to get back to the $350 / sq ft condos? \:D
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#10680696 - Yesterday at 06:43 AM Re: dat real estate v.2021 [Re: A2B-Lexus]
Risky Business Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46083
Will probably bottom out at 800 psf for good stock in the core for resale. At that price and rent things start to cashflow. Precon is dead though, always thought it was just a matter of time before people catch on. How can someone pay $1,600 PSF when comparable resale is 1,100 (this was during the peak). Now resale is in the 900s, precon launches at 1,300 psf can't get off the ground. RIP
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#10680732 - Yesterday at 09:31 AM Re: dat real estate v.2021 [Re: Risky Business]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26919
Loc: Toronto, ON
My buddy works in land development. Their clients that had plans to build residential are now pivoting to rentals...
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#10680756 - Yesterday at 10:07 AM Re: dat real estate v.2021 [Re: Hatorade]
Risky Business Offline
Provides a Great Work Environment.
Post Master Supreme


Registered: 05/17/10
Posts: 46083
Yep, seems like purpose built rentals are the only builds getting financing so it's the only choice.
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#10680924 - Yesterday at 03:58 PM Re: dat real estate v.2021 [Re: Risky Business]
A2B-Lexus Offline
Post Master Supreme


Registered: 04/19/01
Posts: 45589
Loc: Raptors Land
 Originally Posted By: Risky Business
Will probably bottom out at 800 psf for good stock in the core for resale. At that price and rent things start to cashflow. Precon is dead though, always thought it was just a matter of time before people catch on. How can someone pay $1,600 PSF when comparable resale is 1,100 (this was during the peak). Now resale is in the 900s, precon launches at 1,300 psf can't get off the ground. RIP


The days of buying a condo to rent out and having the value appreciate is over.

Would be nice to have a property paid for when the kids are older but don't think the math works anymore.

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