#10648255 - 11/19/24 02:56 PM
Re: dat real estate v.2021
[Re: Big Tasty]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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This is just me being nosey but what's up with houses up for sale but no listings showing on Realtor or Housesigma?
There are two listings around me, one I know is Re/max so it's not a sell yourself type thing and another I did not see the realtor company name so can't verify if it's private sale or not but they have both had for sale signs posted for awhile now (not coming soon) and I haven't seen them online.
Probably because they will be relisting in the future and the agent didn't bother to remove the sign (which they can be fined for).
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#10648738 - 11/20/24 09:27 PM
Re: dat real estate v.2021
[Re: Hatorade]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45582
Loc: Raptors Land
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Mark is a good guy, interviewed him a few times. Very knowledgeable. Not even very knowledgeable. Mark is one of the best.
Can he be the Prime Minister.
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#10648797 - 11/21/24 07:16 AM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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He is busy making apps with his kids in his spare time
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#10651654 - 12/02/24 06:48 PM
Re: dat real estate v.2021
[Re: A2B-Lexus]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9548
Loc: Toronto, ON
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Furball story … former work friend reaches out about a job.
Anyway. Here’s her situation.
- Brown, married, under 40, 3 kids. Husband and wife in IT, work from home.
- said they’re both working 9-5, Uber after 5, and mortgage broker / RE agent on wkends.
- home in Milton, purchased 2022, $2.35M (well above asking), now worth $1.52M
- other home couldn’t sell. So theyre carrying that mortgage too.
I said holy fuck two mortgages. She said “and a private mortgage too.”
What. The. Fuck.
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#10651695 - 12/02/24 10:28 PM
Re: dat real estate v.2021
[Re: furball]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45582
Loc: Raptors Land
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Did she rent out the basement yet?
People out there hurting for sure. I look at how much it cost to eat out for lunch and what used to cost $40 is $60-70.
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#10651720 - 12/03/24 06:07 AM
Re: dat real estate v.2021
[Re: furball]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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Furball story … former work friend reaches out about a job.
Anyway. Here’s her situation.
- Brown, married, under 40, 3 kids. Husband and wife in IT, work from home.
- said they’re both working 9-5, Uber after 5, and mortgage broker / RE agent on wkends.
- home in Milton, purchased 2022, $2.35M (well above asking), now worth $1.52M
- other home couldn’t sell. So theyre carrying that mortgage too.
I said holy fuck two mortgages. She said “and a private mortgage too.”
What. The. Fuck.
textbook example
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#10652480 - 12/05/24 06:03 AM
Re: dat real estate v.2021
[Re: furball]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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What happened? Murder houses sell, just needs time and typically a 20% haircut, but they move no issue as long as priced accordingly.
Did my first AM640 interview today. Good times.
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#10652494 - 12/05/24 07:08 AM
Re: dat real estate v.2021
[Re: Risky Business]
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c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19317
Loc: Wiesloch-Walldorf, Germany
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Did my first AM640 interview today. Good times.
Congrats. What questions did they ask of you? any saved streams online of the interview?
_________________________
Who cares
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#10652532 - 12/05/24 08:50 AM
Re: dat real estate v.2021
[Re: furball]
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Big Tasty
Post Master Supreme
Registered: 02/10/02
Posts: 20002
Loc: Toronto
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That's a weird layout of the driveway for that neighbourhood. Yes you have the huge McMansion and 3 car garage but then the driveway is shared with your neighbour.
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#10652669 - 12/05/24 12:34 PM
Re: dat real estate v.2021
[Re: c2k]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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Did my first AM640 interview today. Good times.
Congrats. What questions did they ask of you? any saved streams online of the interview?
Starts at 15:49, talked about the downtown condo market, investors, tenants, and what's currently happening.
https://podcasts.apple.com/ca/podcast/de...i=1000679378560
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#10653172 - 12/06/24 08:08 PM
Re: dat real estate v.2021
[Re: Risky Business]
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SuPeR-MaRiO
Post Master Sr
Registered: 06/28/01
Posts: 6227
Loc: Toronto, Ontario
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Did my first AM640 interview today. Good times. https://podcasts.apple.com/ca/podcast/december-5-doug-ford-on-fox-news-toronto-police-budget/id1176661991?i=1000679378560
Nice, congrats!
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#10653280 - 12/07/24 12:33 PM
Re: dat real estate v.2021
[Re: Risky Business]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26914
Loc: Toronto, ON
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Did my first AM640 interview today. Good times.
Congrats. What questions did they ask of you? any saved streams online of the interview? Starts at 15:49, talked about the downtown condo market, investors, tenants, and what's currently happening. https://podcasts.apple.com/ca/podcast/de...i=1000679378560
LOL did you get death threats from tenants yet?
_________________________
'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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#10653381 - 12/08/24 06:48 AM
Re: dat real estate v.2021
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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Did my first AM640 interview today. Good times. https://podcasts.apple.com/ca/podcast/december-5-doug-ford-on-fox-news-toronto-police-budget/id1176661991?i=1000679378560 Nice, congrats!
Thank you!
Did my first AM640 interview today. Good times.
Congrats. What questions did they ask of you? any saved streams online of the interview? Starts at 15:49, talked about the downtown condo market, investors, tenants, and what's currently happening. https://podcasts.apple.com/ca/podcast/de...i=1000679378560LOL did you get death threats from tenants yet?
Not yet, just had a bunch of people whine that I am wrong about the downtown market and how it's doing well lol
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#10653892 - 12/09/24 07:34 PM
Re: dat real estate v.2021
[Re: Risky Business]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26914
Loc: Toronto, ON
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Did my first AM640 interview today. Good times. https://podcasts.apple.com/ca/podcast/december-5-doug-ford-on-fox-news-toronto-police-budget/id1176661991?i=1000679378560 Nice, congrats! Thank you!
Did my first AM640 interview today. Good times.
Congrats. What questions did they ask of you? any saved streams online of the interview? Starts at 15:49, talked about the downtown condo market, investors, tenants, and what's currently happening. https://podcasts.apple.com/ca/podcast/de...i=1000679378560LOL did you get death threats from tenants yet? Not yet, just had a bunch of people whine that I am wrong about the downtown market and how it's doing well lol
LOL market doing well
I just sold a townhouse. On the market for 3 days and I got an offer with full conditions. Got the offer on a Friday and after some back and forth we finally accepted on Monday. I had only 1 showing booked aside from the buyers that submitted the offer. ZERO inquiries from agents and a couple of tire kickers without agents.
It was priced competitive, with no stupid offer date as I didn't see it was needed and I was right. It's 100% a buyers market. Anyone that says otherwise is either in denial or retarded 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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#10653938 - 12/10/24 06:42 AM
Re: dat real estate v.2021
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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Seems very much touch and go, December being what it is the fact that you sold is amazing. I am terminating a detached I've had since September, well priced, but original, had some lowballs, couldn't move it. Bringing a few out in January, should be a better market (hopefully). If we get a 50bps cut tomorrow, we are sending it.
Those unemployment numbers looking rough though.
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#10653986 - 12/10/24 09:30 AM
Re: dat real estate v.2021
[Re: Risky Business]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26914
Loc: Toronto, ON
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Seems very much touch and go, December being what it is the fact that you sold is amazing. I am terminating a detached I've had since September, well priced, but original, had some lowballs, couldn't move it. Bringing a few out in January, should be a better market (hopefully). If we get a 50bps cut tomorrow, we are sending it.
Those unemployment numbers looking rough though.
2025 is going to be rough. Unemployment out of control combined with tariff wars. Few of my friends in the raw materials business is worried about their jobs as there are talks about closing down in Canada and moving operations to the US Tech sector laying off like no tomorrow and the usual layoffs in finance.
We are fucked.
_________________________
'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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#10654152 - 12/10/24 04:07 PM
Re: dat real estate v.2021
[Re: furball]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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70k agents, half do 0 deals, another 20-30% do 1-3 deals a year (part timers). At least that's what I remember, 20% do 80% of deals, it's probably even less than that...10% do most deals.
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#10654202 - 12/10/24 07:35 PM
Re: dat real estate v.2021
[Re: Risky Business]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26914
Loc: Toronto, ON
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70k agents, half do 0 deals, another 20-30% do 1-3 deals a year (part timers). At least that's what I remember, 20% do 80% of deals, it's probably even less than that...10% do most deals.
Sounds about right.
But 70K is for TREB. OREA is 100k.
_________________________
'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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#10654277 - 12/11/24 06:11 AM
Re: dat real estate v.2021
[Re: Hatorade]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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furball should get his license to compete directly vs his idol Leo Shiu!
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#10654495 - 12/11/24 03:02 PM
Re: dat real estate v.2021
[Re: furball]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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John Tsai? He is a G, worked his ass off. That's the guy I am thinking of, but no idea who his wife is.
lol at investing in these turd RE stocks. Nope
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#10654507 - 12/11/24 03:24 PM
Re: dat real estate v.2021
[Re: Big Tasty]
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Simon_the_Pieman
Post Master Sr
Registered: 08/13/01
Posts: 9497
Loc: The A
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Keep cutting, I renew in Jan.
hows it looking out there tasty?
had my guy run some numbers for me (refi/renew) using today's rates and got 4.44
im still 6 months out for mine so it'll be even better then (i think).
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020
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#10654601 - 12/12/24 07:19 AM
Re: dat real estate v.2021
[Re: Simon_the_Pieman]
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Risky Business
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45770
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There is no right answer with rates, take whatever rate helps you sleep at night. I've done variable 99% of the time, has served me well, but I know it's not for everyone.
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#10657198 - 12/19/24 09:02 AM
Re: dat real estate v.2021
[Re: Risky Business]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9548
Loc: Toronto, ON
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