#6204361 - 03/13/12 06:50 AM
Re: Housing bubble???
[Re: Euphoricuck]
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C J Fly
Post Master Sr
Registered: 08/01/00
Posts: 5766
Loc: Tondo, Manila, Philippines
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I invite you to commute to tdot from your place for a week...report back
I commuted from T.O. to Ottawa for a bit, I wanted to end myself. Although lunch @ and around the Byward was probably the highlight of my day...
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Current Stable : 11 Toyota GSL30 | 07 Toyota S190 | 01 Ford SN95 Cobra | 99 Honda EK4 | 86 Ford GT Cobra GT |
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#6204465 - 03/13/12 08:26 AM
Re: Housing bubble???
[Re: The Postman]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
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The short answer is,
Time = Money (monetarily and qualitatively)
What good is having tonnes of disposable income if you spend 2+ hours commuting everyday? By the time you get home, you eat dinner and pretty much need to go to bed. If you have kids, you have no time to spend with them.
We live 15-20 minutes from work (keep in mind this is Markham for us). We leave work between 5-6, and we're home quickly enough to have dinner and still spend some time with our son before he goes to bed.
Oh I'm totally talking out of my ass. 407 is about 20 min from here. I just don't get why you guys who seem like such a smart bunch pay ridiculous amounts to cash for your homes simply to be closer to work. Yeah commuting sucks but so does paying $500k for a house that would cost you half as much outside of the GTA.
I'm thinking of a CSI BBQ at my place this summer to show you guys how us small town peasants live.
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...
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#6204472 - 03/13/12 08:31 AM
Re: Housing bubble???
[Re: A2B-Lexus]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45604
Loc: Raptors Land
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Time I got. $$$$, not so much.
I think if I were to get something the same size and $$$ at Elgin Mills & Woodbine, I'd be looking at $550k+. 30 minutes of added commute via Go train vs. +$120k in mortgages, my wallet won.
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#6204566 - 03/13/12 09:15 AM
Re: Housing bubble???
[Re: Choco 'Nuck]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
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If you worked downtown, would you still buy in boxgrove?
I have never worked downtown for this very reason. Both of our families are in Markham, so there are no plans to move anywhere else.
Does your son go to daycare?
Yep, half days at the moment. His grandparents pick him up in the afternoon, and that's where we get him from.
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...
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#6206761 - 03/14/12 12:50 AM
Re: Housing bubble???
[Re: A2B-Lexus]
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xza8
Sr Member
Registered: 12/18/09
Posts: 1065
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For shit and giggles, I just did a quick toll calculation from 9th to 404...I think I am going to be taking 16th or Major Mack if I have to get on the 404.  (unless work is paying) Total distance (km):11.4 Cost per kilometre:$0.2420 Toll charges:$2.77 Trip toll charge:$0.60 Video toll charge:$0.00 Total toll charge*$3.37 WF is the trip toll charge of $0.60??? WTF...that is like a toll on a toll. 
Yea, it makes short trips less worthwhile (e.g., to by-pass Hwy 7 from Warden to Bayview).
Vas: You shouldn't drive that fast at 14/McCowan east, near the fire hall, and 14/Kennedy, near Noble and near the church.
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#6206768 - 03/14/12 01:03 AM
Re: Housing bubble???
[Re: xza8]
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xza8
Sr Member
Registered: 12/18/09
Posts: 1065
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#6206976 - 03/14/12 08:06 AM
Re: Housing bubble???
[Re: xza8]
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spnx
Post Master Sr
Registered: 05/03/00
Posts: 7001
Loc: Canada
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#6315170 - 05/01/12 10:43 PM
Re: Housing bubble???
[Re: A2B-Lexus]
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BISH0P
Post Master Supreme
Registered: 02/10/02
Posts: 20514
Loc: Toronto
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#6315562 - 05/02/12 08:22 AM
Re: Housing bubble???
[Re: BISH0P]
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Risky Business
Post Master Supreme
Registered: 05/17/10
Posts: 47285
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Not a bad area at all, south of Sheppard is also decent. Definitely a step up from south of 401 VP/Pharmacy area since you are now basically in huntingwood. There are some crappy pockets up on VP though like Chesterlea (nothing out of the ordinary).
The good: 404 access right there, subway isn't too far, 401 is right there, etc. They are cleaning up the area as well.
My only issue with that listing is that the street is right off of Sheppard, if I had kid I wouldn't want to live on that, traffic coming in from Sheppard will generally be flying down the street. 
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#6315580 - 05/02/12 08:30 AM
Re: Housing bubble???
[Re: Hatorade]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
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Your TH is the size of semis and small detached houses. These THs are probably <1900 sq ft.
These prices are insane, but they're gonna go like hotcakes. Fricken ChinArs are gonna eat this shit up. Might as well call the development Upper ChinAr. My bro-in-law is looking at buying a place there.
A2B...shit man Semi's starting at $560's is decent. TH's here are pushing 600k LOLOLOLOL
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...
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#6315583 - 05/02/12 08:33 AM
Re: Housing bubble???
[Re: SW20_MR2]
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Risky Business
Post Master Supreme
Registered: 05/17/10
Posts: 47285
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What a joke, that area is gonna go down the shitter price wise imo when prices cool down.
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#6315586 - 05/02/12 08:35 AM
Re: Housing bubble???
[Re: oranjizz]
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Risky Business
Post Master Supreme
Registered: 05/17/10
Posts: 47285
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It's Upper Unionville br0, Markham br0, baller br0. y0 come at me br0.
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#6315598 - 05/02/12 08:40 AM
Re: Housing bubble???
[Re: BISH0P]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45604
Loc: Raptors Land
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traffic going up Kennedy is crap as it is, I can't imagine what it will be like once they throw more houses in the area. 
Looks like a nice area to me. The neigbours all look to have pride in ownership in that the lawns are all mowed and groomed and stuff. 2 car garage detached for $600k isn't bad for this market IMO....at least its detached.
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#6315601 - 05/02/12 08:41 AM
Re: Housing bubble???
[Re: phoenixrage]
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oranjizz
Post Master
Registered: 11/01/02
Posts: 2654
Loc: Ontario, Canada, etc.
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GTA GTA there are places where prices are a LOT more reasonable than that far from the downtown core/transit, even in Toronto itself.
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#6315614 - 05/02/12 08:45 AM
Re: Housing bubble???
[Re: oranjizz]
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Risky Business
Post Master Supreme
Registered: 05/17/10
Posts: 47285
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What a joke, that area is gonna go down the shitter price wise imo when prices cool down. I do not know the area that well....what is the pull factor for that location? From what I know traffic is shit (2 highways 1 of which is toll) and it is not near the subway...
I think it's Chinese herd mentality. Don't know for sure, but because most Chinese need to look rich (keep up with the Joneses) you have to live in those specific Chinese areas or you are a peasant. This applies mostly to fobs I think.
We have a ton of Chinese on here who better understand it, I'd like to know their point of view. I just chalk it up to follower/sheep mentality and idiots with more money/debt than brains. 
It's like those bidding wars for East York bungalows, they aren't any better. Once you get caught up in that sh!t you end up with garbage real estate for some absurd price.
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#6315640 - 05/02/12 08:57 AM
Re: Housing bubble???
[Re: oranjizz]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45604
Loc: Raptors Land
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What a joke, that area is gonna go down the shitter price wise imo when prices cool down. I do not know the area that well....what is the pull factor for that location? From what I know traffic is shit (2 highways 1 of which is toll) and it is not near the subway...
Pierre Elliot Trudeau is in the area which is one of the highest rated schools in Markham/Ontario/Canada (I don't know for sure but it is suppose to be a good nerd school. LOL) but that is part of it.
I am Chinese and I didn't compel to have a home in the middle of Markham....I bought based on what I could afford and not to be burdened with any more debt that I had to take on.
Among my peers and friends of friends, there is a little of the keeping up with the Chans effect for sure.
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#6315670 - 05/02/12 09:10 AM
Re: Housing bubble???
[Re: A2B-Lexus]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
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1. A lot of Chinese like new houses, so it pretty much rules out many other developments.
2. Chinese like to be in their own area with other Chinese.
3. ChinArs are the ones that have tonnes of money right now. Those of you that are waiting for it to crash are gonna be waiting a long time. The crash won't do a damned thing for these people cause they probably bought the house with cash.
4. I don't think it's really a matter of keeping up with the Jones. After all, it's not like these houses are mansions or anything. They'll showoff by buying the Bimmers and Benzs along with their designer clothes.
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...
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#6315707 - 05/02/12 09:22 AM
Re: Housing bubble???
[Re: SW20_MR2]
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Risky Business
Post Master Supreme
Registered: 05/17/10
Posts: 47285
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3. ChinArs are the ones that have tonnes of money right now. Those of you that are waiting for it to crash are gonna be waiting a long time. The crash won't do a damned thing for these people cause they probably bought the house with cash.
This is one point I disagree with, China's economy is the biggest bubble that's out there, the money supply even for these people isn't infinite.
I highly doubt all Chinese are buying houses cash as well, some are for sure, the rest are regulars with decent jobs that are trying to fit in that class. Again I am not of Chinese descent, but I see a lot of "need" for Chinese to look rich, more so than other cultures (speaking about fobs).
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Moderator: c2k, LNXGUY, TheRealCSnapper, The Mad Paki
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there's one of these articles from different sources every month....useless. i mean sure, in some areas maybe (also can depend on type of home)...but as for the GTA and some areas in BC...they seem to be in their own world when it comes to house pricing/bubble. yes it'll probably cool off one day (soon or not), but with spring/summer coming up and pricing where it is now...ain't nothing 'cooling' anytime soon in the GTA (again, area dependent) 
