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#6192948 - 03/08/12 12:49 AM Housing bubble???
Hatorade Offline
pheggit
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Registered: 11/05/99
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When is the bubble going to burst? One of our neighbors is selling their townhouse for $689k Identical to the one we bought.... time to sell??? Shit we just moved in. LMFAO!!! This would be the fastest ROI ever.
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#6192954 - 03/08/12 01:02 AM Re: Housing bubble??? [Re: Hatorade]
phoenixrage Offline
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Registered: 01/15/08
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if so, you're going to hire actual movers...
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#6193017 - 03/08/12 05:48 AM Re: Housing bubble??? [Re: phoenixrage]
robbbby Offline
master electrician
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Registered: 01/23/02
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how much did you pay?
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#6193031 - 03/08/12 06:29 AM Re: Housing bubble??? [Re: robbbby]
C J Fly Offline
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Registered: 08/01/00
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 Originally Posted By: robbbby
how much did you pay?


You also forgot to ask how much they make in a year? :facepalm:
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#6193058 - 03/08/12 07:36 AM Re: Housing bubble??? [Re: C J Fly]
Screamin' Type-R Offline
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#6193075 - 03/08/12 08:03 AM Re: Housing bubble??? [Re: Screamin' Type-R]
Hatorade Offline
pheggit
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Registered: 11/05/99
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Loc: Toronto, ON
didn't pay anywhere near that. Shit be retarded.
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'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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#6193092 - 03/08/12 08:20 AM Re: Housing bubble??? [Re: Hatorade]
Choco 'Nuck Offline
Proud Member of BLM
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Registered: 07/10/01
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 Originally Posted By: Hatorade
didn't pay anywhere near that. Shit be retarded.


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#6193104 - 03/08/12 08:31 AM Re: Housing bubble??? [Re: Choco 'Nuck]
Risky Business Offline
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Registered: 05/17/10
Posts: 47420
 Originally Posted By: Chocolate Canuck
 Originally Posted By: Hatorade
didn't pay anywhere near that. Shit be retarded.



LMAO

What they are asking and what they are going to get are two totally different things. I think the market has already started to soften up.

If someone pays that for a townhouse in Markham they deserve to be upside down on their mortgage and live on the street for being stupid mofos.
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#6193109 - 03/08/12 08:35 AM Re: Housing bubble??? [Re: Risky Business]
Risky Business Offline
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Registered: 05/17/10
Posts: 47420
Is it this listing?

http://www.realtor.ca/propertyDetails.aspx?propertyId=11519676&PidKey=-1473804063

or this?

http://www.realtor.ca/propertyDetails.aspx?propertyId=11644217&PidKey=-2089095031

That area is NOTHING special, isn't half of it still under construction too?

Idiots going to idiot.

p.s. i think that's new greek church you can see there no? Getting married there GNSP
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#6193124 - 03/08/12 08:43 AM Re: Housing bubble??? [Re: Risky Business]
Screamin' Type-R Offline
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lol these are literally 1mins from my office, pass by them daily and wtf, didn't know they were going for this kinda money...wtf? i figured they'd still be around their original selling prices of about mid 4's or i guess low 5's?

shit, if these places are 689k for that area, my place should be well over 700k in that case, and hyper's closer to 800k LULZ! we wish.
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#6193130 - 03/08/12 08:46 AM Re: Housing bubble??? [Re: Screamin' Type-R]
phoenixrage Offline
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BALLERS!
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#6193132 - 03/08/12 08:47 AM Re: Housing bubble??? [Re: Screamin' Type-R]
Risky Business Offline
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Registered: 05/17/10
Posts: 47420
^ you should retire now bro, you made it.
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#6193135 - 03/08/12 08:49 AM Re: Housing bubble??? [Re: Risky Business]
Screamin' Type-R Offline
The R stands for exactly what you think it does.
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Registered: 02/20/01
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and vas, you're right about the area on east side of 404...that area is mainly built up and stuff is still going up. but yeah oterhwise it's still construction all around and there's literally no parks/etc around the area, just roads and more homes and an Esso lol.
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#6193144 - 03/08/12 08:54 AM Re: Housing bubble??? [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
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Loc: Raptors Land
Time for OP to flip and move back into the condo mortgage free. \:D

That area is convenient but it isn't worth $200k+ vs similar new builds in Markham.
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#6193185 - 03/08/12 09:13 AM Re: Housing bubble??? [Re: A2B-Lexus]
Choco 'Nuck Offline
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#6193216 - 03/08/12 09:23 AM Re: Housing bubble??? [Re: Choco 'Nuck]
Risky Business Offline
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Registered: 05/17/10
Posts: 47420
WHAT HOUSING BUBBLE???????????????????
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#6193291 - 03/08/12 09:49 AM Re: Housing bubble??? [Re: Risky Business]
Screamin' Type-R Offline
The R stands for exactly what you think it does.
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Registered: 02/20/01
Posts: 48200
Loc: T.O. - Canaduh
just went onto MLS to see some pricing/areas for shits and giggles...WTF - and it's only march, not even May-Sept!
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#6193388 - 03/08/12 10:22 AM Re: Housing bubble??? [Re: Risky Business]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6459
Loc: Toronto, Ontario
 Originally Posted By: Risky Business

p.s. i think that's new greek church you can see there no? Getting married there GNSP

The one in the MLS pictures is the "cathedral" off Woodbine south of Elgin Mills.

The Greek church is on Warden north of Elgin Mills.
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#6193402 - 03/08/12 10:25 AM Re: Housing bubble??? [Re: Hatorade]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: Hatorade
When is the bubble going to burst? One of our neighbors is selling their townhouse for $689k Identical to the one we bought.... time to sell??? Shit we just moved in. LMFAO!!! This would be the fastest ROI ever.
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#6193407 - 03/08/12 10:27 AM Re: Housing bubble??? [Re: SuPeR-MaRiO]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6459
Loc: Toronto, Ontario
Exactly a year ago, we were considering selling our home and looked into what the going price for our home was. A year later it appears to have jumped up $50k.
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#6193720 - 03/08/12 11:47 AM Re: Housing bubble??? [Re: SuPeR-MaRiO]
JEFFOS Offline
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Registered: 01/27/00
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Not everyone is getting 100% asking anymore
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#6193761 - 03/08/12 11:56 AM Re: Housing bubble??? [Re: JEFFOS]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 6459
Loc: Toronto, Ontario
While that is true, the same can be said at any time, even during the peak of the housing market. I still know of several "bidding wars" and their not even in high demand areas. I personally think things will pickup again come May.
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#6193943 - 03/08/12 12:45 PM Re: Housing bubble??? [Re: SuPeR-MaRiO]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45604
Loc: Raptors Land
As long as Greece does't default and the borrowing rates stay low, the market will be hot again.
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#6194266 - 03/08/12 02:29 PM Re: Housing bubble??? [Re: A2B-Lexus]
Eddie_82 Offline
miataist
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Registered: 01/09/03
Posts: 38130
Loc: Ca�ada
Wow, I just checked MLS too and a few places have gone up in my area for about 10-20% more than last spring.

Woohooo... I'm rich!
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#6194353 - 03/08/12 02:56 PM Re: Housing bubble??? [Re: Eddie_82]
Screamin' Type-R Offline
The R stands for exactly what you think it does.
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Registered: 02/20/01
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 Originally Posted By: eddie_82
Wow, I just checked MLS too and a few places have gone up in my area for about 10-20% more than last spring.

Woohooo... I'm rich!
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#6194394 - 03/08/12 03:08 PM Re: Housing bubble??? [Re: Screamin' Type-R]
robbbby Offline
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Registered: 01/23/02
Posts: 15431
Loc: Canada
How the fuck do you guys afford homes? You all either make $150k a year take home, have saved up all your life for a huge down payment or are forever making mortgage payments. I'd never be able to buy in the GTA.
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#6194415 - 03/08/12 03:12 PM Re: Housing bubble??? [Re: robbbby]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: robbbby
How the fuck do you guys afford homes? You all either make $150k a year take home, have saved up all your life for a huge down payment or are forever making mortgage payments. I'd never be able to buy in the GTA.
..
use your noggin....

....

this isnt clubovercomingadversity
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#6194455 - 03/08/12 03:22 PM Re: Housing bubble??? [Re: Euphoricuck]
robbbby Offline
master electrician
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Registered: 01/23/02
Posts: 15431
Loc: Canada
so they sell drugs and/or their bodies for man love?
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#6194463 - 03/08/12 03:26 PM Re: Housing bubble??? [Re: robbbby]
Eddie_82 Offline
miataist
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Registered: 01/09/03
Posts: 38130
Loc: Ca�ada
 Originally Posted By: robbbby
How the fuck do you guys afford homes? You all either make $150k a year take home, have saved up all your life for a huge down payment or are forever making mortgage payments. I'd never be able to buy in the GTA.


These aren't first-time homebuyers.

Two incomes.

3:1 income-to-mortgage rule-of-thumb.



Young couple has $150k equity in their first home that they bought 5 years ago, grosses $150k/year. That's $600k for a place not including savings, gifts etc. And both of those equity and income figures are on the low side in the GTA.

Problem?
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#6194475 - 03/08/12 03:30 PM Re: Housing bubble??? [Re: Eddie_82]
robbbby Offline
master electrician
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Registered: 01/23/02
Posts: 15431
Loc: Canada
you're right, not a single person that posts here that has bought a home in the last year or two is a first time buyer.
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#6194481 - 03/08/12 03:33 PM Re: Housing bubble??? [Re: robbbby]
Risky Business Offline
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Registered: 05/17/10
Posts: 47420
I am, but I also didn't buy a house that's 500k+
I make income from my property
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#6194488 - 03/08/12 03:38 PM Re: Housing bubble??? [Re: Risky Business]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: Risky Business

I make income from my property

bro gets his first payment
thinks hes donald trump ;\)
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#6194498 - 03/08/12 03:41 PM Re: Housing bubble??? [Re: Risky Business]
Eddie_82 Offline
miataist
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Registered: 01/09/03
Posts: 38130
Loc: Ca�ada
Most of the first-timers I know of bought condos or townhouses, not $500+ semis and detached places.

And a good handful of them are now upgrading to those kind of places though.
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#6194511 - 03/08/12 03:45 PM Re: Housing bubble??? [Re: Eddie_82]
Screamin' Type-R Offline
The R stands for exactly what you think it does.
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Registered: 02/20/01
Posts: 48200
Loc: T.O. - Canaduh
first time here...went in with the woman though, made things easier.
also bought at the bottom of the slide back in spring 08.
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#6194545 - 03/08/12 03:57 PM Re: Housing bubble??? [Re: Euphoricuck]
iamfob Offline
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Registered: 09/06/02
Posts: 24699
Loc: Out There
 Originally Posted By: Euphoric
 Originally Posted By: Hatorade
When is the bubble going to burst? One of our neighbors is selling their townhouse for $689k Identical to the one we bought.... time to sell??? Shit we just moved in. LMFAO!!! This would be the fastest ROI ever.

best GIF evAr
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