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#9609888 - 07/18/19 10:19 AM Re: And this is why first time home buyers are screwed. [Re: Senor Eduardo_82]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6111
Loc: Toronto, Ontario
 Originally Posted By: 28_eidde
https://www.instagram.com/p/B0BuPQFnUZa/?igshid=18lsn8w65h2qm


"Builders, Developers And Heritage Home Lovers, This Is Your Chance To Build A Stunning Custom Home Minutes From Main St. Unionville."

Ask ender_1M how much fun he had with a heritage home. Or follow his thread in OT

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#9609902 - 07/18/19 10:30 AM Re: And this is why first time home buyers are screwed. [Re: SuPeR-MaRiO]
Senor Eduardo_82 Offline
miataist
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Registered: 01/09/03
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Loc: Ca�ada
That's gonna be a tear-down dog.
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#9609916 - 07/18/19 10:50 AM Re: And this is why first time home buyers are screwed. [Re: Senor Eduardo_82]
Risky Business Offline
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You can't tear down those homes, they are protected under the heritage conservation plan. People in my area are digging them out and moving them to the corners of the lot to get more room and adding "heritage additions", but you sure as fuck are not knocking that down.
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#9609918 - 07/18/19 10:51 AM Re: And this is why first time home buyers are screwed. [Re: SuPeR-MaRiO]
Risky Business Offline
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 Originally Posted By: SuPeR-MaRiO


Ask ender_1M how much fun he had with a heritage home. Or follow his thread in OT


Not sure what this means? Guy is building a house and going through the regular builder stuff, nothing out of the ordinary unless I am missing something?

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#9610008 - 07/18/19 01:04 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6111
Loc: Toronto, Ontario
 Originally Posted By: Risky Business
 Originally Posted By: SuPeR-MaRiO


Ask ender_1M how much fun he had with a heritage home. Or follow his thread in OT


Not sure what this means? Guy is building a house and going through the regular builder stuff, nothing out of the ordinary unless I am missing something?

I'm pretty sure, his experience is far from regular builder stuff. He is dealing with a heritage home with many stipulations. From what I recall in his thread, and I didn't study it to length, he went through a number of hurdles, expenses and grief dealing with a heritage home that had to be preserved. I'm not saying it wasn't worth it, but I didn't see it as a typical build from the ground up, even when you consider the challenges that come with a new build.

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#9610031 - 07/18/19 01:20 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
furball Offline
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Registered: 09/24/03
Posts: 9483
Loc: Toronto, ON
You give them Good Diu?

"5-2-8" </CantoAccent>

 Originally Posted By: Hatorade
Took them a year to sell, started at $1.8M+ and ended up selling for $1.528M after a year LOLOLOL

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#9610045 - 07/18/19 01:43 PM Re: And this is why first time home buyers are screwed. [Re: furball]
Screamin Type ARGH! Offline
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Registered: 02/20/01
Posts: 47632
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markham gone full retard lol (for what?)
aurora/thornhill/richmond hill already went full retard lol (also for what?)
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"Ban low performance drivers, not high performance cars"

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#9610241 - 07/18/19 06:36 PM Re: And this is why first time home buyers are screwed. [Re: SuPeR-MaRiO]
Risky Business Offline
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 Originally Posted By: SuPeR-MaRiO
 Originally Posted By: Risky Business
 Originally Posted By: SuPeR-MaRiO


Ask ender_1M how much fun he had with a heritage home. Or follow his thread in OT


Not sure what this means? Guy is building a house and going through the regular builder stuff, nothing out of the ordinary unless I am missing something?

I'm pretty sure, his experience is far from regular builder stuff. He is dealing with a heritage home with many stipulations. From what I recall in his thread, and I didn't study it to length, he went through a number of hurdles, expenses and grief dealing with a heritage home that had to be preserved. I'm not saying it wasn't worth it, but I didn't see it as a typical build from the ground up, even when you consider the challenges that come with a new build.


Ah the permitting process, yes that is more nuanced than a regular build out, I thought you were referring to the actual construction.

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#9611392 - 07/20/19 10:18 AM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
Senor Eduardo_82 Offline
miataist
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Registered: 01/09/03
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Loc: Ca�ada
So the news is telling me that bidding wars are picking up in the GTA again.

Where?

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#9611439 - 07/20/19 12:00 PM Re: And this is why first time home buyers are screwed. [Re: Senor Eduardo_82]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
 Originally Posted By: 28_eidde
So the news is telling me that bidding wars are picking up in the GTA again.

Where?


For the most part it’s bullshit. It’s agents under listing a home to sell with an offer date. Nothing is selling over Market Price. There’s 3 homes on my street that have sold and the agents proudly put up a sign saying “sold over asking”. Well no shit when the home is worth nearly a million and you’re listing it for $799k

There’s a home listed for sale in the Markham Village area for $1 currently. I’m sure that’s going to sell for over asking as well.
_________________________

'07 997.1 GT3
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'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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#9611520 - 07/20/19 03:06 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
Risky Business Offline
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Pretty much, "bidding wars" on properties that are listed 20%-30% lower than their peak in 2017.

My buddy just sold his bungalow last week in the York Mills/Don Mills area, I suppose there was a bit of a "bidding war" but it still sold for 300k less than what comps were going for even in 2018.

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#9612065 - 07/21/19 06:44 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
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We put another offer down on a place. The dude won't sell....doesn't need the $$.. he has a $1M tied up to the house but only getting 2000 per month for rent. A GIC generates more revenues at this point.
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#9612067 - 07/21/19 06:47 PM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Risky Business Offline
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Did you sell your house yet?
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#9612124 - 07/21/19 08:25 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
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Loc: Raptors Land
Not yet...its kinda a risky business but our house is worth around $800k so it is easier to get rid of vs a $1M+....if we get a good deal on the big house, don't mind setting my house low....can't always have it both ways.
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#9612445 - 07/22/19 01:02 PM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Screamin Type ARGH! Offline
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Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
 Originally Posted By: A2B-Lexus
Not yet...its kinda a risky business but our house is worth around $800k so it is easier to get rid of vs a $1M+....if we get a good deal on the big house, don't mind setting my house low....can't always have it both ways.


does not compute
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"Ban low performance drivers, not high performance cars"

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#9613476 - 07/23/19 09:17 PM Re: And this is why first time home buyers are screwed. [Re: Screamin Type ARGH!]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
Ideally, we would sell our place prior to looking for a new one but with a 15m old....kinda hard.

If I get a good deal on a new property, I don't mind selling my current property below the market so I don't have to deal with bridge mortgage.
 Originally Posted By: Screamin Type ARGH!
 Originally Posted By: A2B-Lexus
Not yet...its kinda a risky business but our house is worth around $800k so it is easier to get rid of vs a $1M+....if we get a good deal on the big house, don't mind setting my house low....can't always have it both ways.


does not compute

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#9613575 - 07/24/19 07:56 AM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
^ You shouldn’t need to sell below market in that price range, unless the home requires work.
_________________________

'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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#9613881 - 07/24/19 02:27 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
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He is just furball'ing, baby brain and all.
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#9614800 - 07/25/19 09:35 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
6th offer tomorrow....the sellers aren't Asian so maybe they are willing to actually sell close to their asking price.
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#9617015 - 07/30/19 07:41 AM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
furball Offline
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Registered: 09/24/03
Posts: 9483
Loc: Toronto, ON
Dafuq: https://outline.com/5W8PVe

 Quote:
The tenants of a semi-detached house in Toronto’s east end could be forced from their rental homes after a 1 per cent stake of the property, at a cost of $9,000, was transferred to a 20-year-old first-time homebuyer.

With that sliver of ownership, Jacky Bai Jun Liu also acquired the title of landlord and as such, seven people in two apartments in the house were informed, he would be pursuing his legal right to push them out because he intended to move into the home near Danforth and Greenwood Aves.


 Quote:
The bulk of the east-end house, 99 per cent, belongs to George Chiang and Harriet Ho-Yin Chung, who bought the home for $230,000 in 2001, property records show. It is one of 17 houses the pair own in Old Toronto. The couple, according to their personal websites, are members of both the Canadian and Hong Kong arts communities.

A transfer document from the Land Registry Office dated June 18 shows that spouses Chiang and Chung transferred a 1 per cent interest to Liu, identified as a first-time homebuyer, worth $9,000.


Edited by furball (07/30/19 07:41 AM)

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#9617171 - 07/30/19 10:46 AM Re: And this is why first time home buyers are screwed. [Re: furball]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6111
Loc: Toronto, Ontario
^ Seems like the owners used a loop hole to evict tenants and get someone they want in there.
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#9617280 - 07/30/19 12:36 PM Re: And this is why first time home buyers are screwed. [Re: SuPeR-MaRiO]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
^yup. So shady but smart at the same time lol
_________________________

'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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#9617335 - 07/30/19 01:41 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
Risky Business Offline
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Registered: 05/17/10
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Tenant/Landlord act is based on case law, the above can be proven as malicious against the tenant and if the tenant pursues the landlord they will have a decent chance of being awarded damages.
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#9624827 - 08/09/19 08:42 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
Our side unit townhome sold within a week and at 99% of asking....our 1 car garage unit was sold $20k less than an newer 2 car garage semi across the street. Ours had a patio but overall, we were pretty happy with our sold price.

off to getting contractors to quote a refresh for the new place.

New laminate floors, paint, Ikea kitchen and Ikea washroom sinks/cabinets. Need to rip out the old deck and get a new one in too as the home inspector noted that water going into the house because the deck was tilting towards the house.


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#9624929 - 08/10/19 06:16 AM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
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Congrats man! Let's see pics of the new place.

Your deck posts probably starting heaving over winter and pushed the deck to lean against the house.

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#9624944 - 08/10/19 07:47 AM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
Nice kill A2B. Now you get to make the new place your own!
_________________________

'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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#9625201 - 08/10/19 06:35 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
Big Tasty Offline
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Registered: 02/10/02
Posts: 19600
Loc: Toronto
Congrats!
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#9625374 - 08/11/19 08:57 AM Re: And this is why first time home buyers are screwed. [Re: Big Tasty]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
Thanks dudes!! We will be house poor for a while. LOL

The deck looks to be 20 years old. We had 3 contractors lined up for 3 hours to get quotes.

Will probably get a stone patio instead of a deck. We found mice droppings and we think they may be coming in from there.

Anyone contemplate wood vs. laminate? We are leaning towards laminate for more colours and cost.


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#9625375 - 08/11/19 09:15 AM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Risky Business Offline
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This depends on the house and what market you are catering to, for high end luxury you absolutely would need to do wood/bamboo/etc.

I am a big fan of laminate, especially the thick costco laminate planks that look like hand scraped wood, not talking about shitty thin laminate that's a c hair better than vinyl flooring. If I was to do my house over, I would've gone that route instead of wood. I think anything in the ~1M range can get away with high quality laminate. 1.5M+ and area dependent it starts demanding wood, crown, solid core doors, etc, under that it's all builder grade shit and quality laminate is many times better than entry level wood floors anyway.

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#9625400 - 08/11/19 11:01 AM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
We saw the Costco laminate too and we liked it. that stuff is super thick. Now that we have the buying and selling of house out of the way. Time to get into the details.

The contractors says the Ikeas kitchens isn't great as it still needs custom work to make it fit into the space. May get the contractor we use to use their guys for a custom. They can also plan the timing better too...(so they say) Ikea sink and cabinets are still in play. They have the simplistic look we are looking for.

This house we will be in for the next 20 years so we need durability more than resale (wife had to drill that in me)...by the time we sell, whoever it is will probably want to modernize it.

The good news is, TD's 5 year fixed is 2.7% so there is some cost certainty there.

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#9625434 - 08/11/19 11:57 AM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Risky Business Offline
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Registered: 05/17/10
Posts: 44789
Not sure if something is lost in translation, but if that's what your contractor said he is full of shit. The only thing ikea kitchens require sometimes are custom end cabinets if their pre existing uppers/lowers don't add up to the exact length you want. I had that for my 2nd ikea kitchen and had to make 1 custom end cabinet to get an extra 8" of counter top space and meet the end of a wall.

Ikea makes great kitchens, however the only real reason to go this route is if you are going to assemble all the cabinets yourself as that's where the savings are compared to "custom" - assembly takes a long time. Ikea's quality is also better than a lot of "custom" stuff I've seen and even mid level builder grade. They use good materials and their process is solid, they can take a beating and you can easily replace pieces if something was to happen to a door.

Your contractor also can't mark up an ikea kitchen so that's why he won't want to use it.

If you aren't doing any of the work yourself then go with whatever the contractor recommends, hopefully you can hold him accountable to it and he can't use any excuse like "you didn't use my guy, so here is your shitty end product" type of thing.

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#9625472 - 08/11/19 01:22 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6111
Loc: Toronto, Ontario
When we had flooring installed in our basement we knew we wanted something durable as our kids would be playing down there and wreaking havoc so we went with a Canadian made laminate that we found at Rona for a great price (I think it may have been on sale at the time). If memory serves me correctly it was 14mm and rated AC3 which is the first level rated for residential use with heavy traffic but is also suitable for commercial with moderate traffic.

A2B if you're at all interested let me know and I'll see if I can dig up the details.


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#9625514 - 08/11/19 03:34 PM Re: And this is why first time home buyers are screwed. [Re: Risky Business]
A2B-Lexus Offline
Post Master Supreme


Registered: 04/19/01
Posts: 45550
Loc: Raptors Land


 Originally Posted By: SuPeR-MaRiO
When we had flooring installed in our basement we knew we wanted something durable as our kids would be playing down there and wreaking havoc so we went with a Canadian made laminate that we found at Rona for a great price (I think it may have been on sale at the time). If memory serves me correctly it was 14mm and rated AC3 which is the first level rated for residential use with heavy traffic but is also suitable for commercial with moderate traffic.

A2B if you're at all interested let me know and I'll see if I can dig up the details.



^ This is helpful! I will keep this in mind while shopping for laminate.

 Originally Posted By: Risky Business
Not sure if something is lost in translation, but if that's what your contractor said he is full of shit. The only thing ikea kitchens require sometimes are custom end cabinets if their pre existing uppers/lowers don't add up to the exact length you want. I had that for my 2nd ikea kitchen and had to make 1 custom end cabinet to get an extra 8" of counter top space and meet the end of a wall.

Ikea makes great kitchens, however the only real reason to go this route is if you are going to assemble all the cabinets yourself as that's where the savings are compared to "custom" - assembly takes a long time. Ikea's quality is also better than a lot of "custom" stuff I've seen and even mid level builder grade. They use good materials and their process is solid, they can take a beating and you can easily replace pieces if something was to happen to a door.

Your contractor also can't mark up an ikea kitchen so that's why he won't want to use it.

If you aren't doing any of the work yourself then go with whatever the contractor recommends, hopefully you can hold him accountable to it and he can't use any excuse like "you didn't use my guy, so here is your shitty end product" type of thing.


we won't be doing much ourselves with the little one and I started a new job which is a lot more demanding. The Ikea story is probably so they can make a markup.

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#9625637 - 08/11/19 09:00 PM Re: And this is why first time home buyers are screwed. [Re: A2B-Lexus]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
^ are you admiral now? Lol
_________________________

'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

Top
#9625660 - 08/11/19 10:27 PM Re: And this is why first time home buyers are screwed. [Re: Hatorade]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
Not shuffling deck chairs on the Titanic anymore....it is kinda like rowing upstream now.
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