#9844052 - 06/25/20 12:57 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Place I know sold many units, resale, rentals and pre con so far
My brother even bid on a home and it went for about 10% over asking (price wasn’t sandbagged) earlier this week (detached home)
People still buying lots it seems. I’m pretty close to this stuff now too.
I’m not the authority at all but I see a lot of this stuff
_________________________
-Jeff
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#9844163 - 06/25/20 02:01 PM
Re: I started a blog (real estate)
[Re: Simon_the_Pieman]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Buddy’s place just sold I believe for 2.8
https://youtu.be/jbG3w0I8Nuo
_________________________
-Jeff
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#9844173 - 06/25/20 02:07 PM
Re: I started a blog (real estate)
[Re: JEFFOS]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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jesus, can I be your buddy?
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#9844202 - 06/25/20 02:27 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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Note to self, become Jeff's buddy.
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#9844881 - 06/26/20 10:06 AM
Re: I started a blog (real estate)
[Re: c2k]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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Did a quick case study on negative cash flow condos, it seems a lot of people can't wrap their heads around why people still buy them:
https://www.torfeno.com/home/the-negative-cashflow-condo-case-study
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#9845141 - 06/26/20 01:26 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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jesus, can I be your buddy?
You already are - now just to buy a tear down house and build it up over many years. It’s not me making that kind of money...
Really though I just posted it to show that high priced places are still selling in this market. If you know the area you know that it isn’t some super high end premium location. It’s just a nice house in Toronto
_________________________
-Jeff
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#9845319 - 06/26/20 03:56 PM
Re: I started a blog (real estate)
[Re: JEFFOS]
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loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11334
Loc: Ontario, Canada
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normally I hate those tacky homes, but this one is amazing, your buddy has nice taste. Is your buddy hiring (whatever he does) lol
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#9845566 - 06/26/20 08:39 PM
Re: I started a blog (real estate)
[Re: loudsubz]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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He’s a contractor and his wife is an interior designer. He built this house
_________________________
-Jeff
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#9845662 - 06/27/20 08:58 AM
Re: I started a blog (real estate)
[Re: JEFFOS]
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Simon_the_Pieman
Post Master Sr
Registered: 08/13/01
Posts: 9486
Loc: The A
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He’s a contractor and his wife is an interior designer. He built this house
this is the way.
_________________________
"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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#9850094 - 07/02/20 06:06 PM
Re: I started a blog (real estate)
[Re: Simon_the_Pieman]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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My parents bought our last family house in 1994. 4br, 2.5ba, 2350sqft. It was moderately updated over the years but nothing extravagant. Replace some carpet with laminate, paint, that kinda stuff. Sold it in 2011 when they went into their condo.
I found out it was sold again last fall so I looked up the pics. Still the original kitchen, bathrooms, some window coverings, even my sister's old furniture (circa 1994ish) that was left with the new owners in 2011 was still there. The only major changes were Cali shutters and a larger deck in the backyard.
Still sold for $1MM.
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#9874886 - 08/07/20 07:19 AM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9530
Loc: Toronto, ON
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#9875298 - 08/07/20 06:38 PM
Re: I started a blog (real estate)
[Re: furball]
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Denis Si
Post Master
Registered: 04/11/01
Posts: 2798
Loc: T.O.
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Why are prices going up? Who the fuck is buying ?
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#9875432 - 08/08/20 05:33 AM
Re: I started a blog (real estate)
[Re: Denis Si]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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I am seeing 2 profiles of buyers:
1. Those who sold high and are buying high, no fucks given here.
2. Kids who ask mom and dad for downpayment, mom and dad pull HELOC on house to give to kids (typical arrangement). Effectively you have 3 families paying for a home. Parents of kids paying off downpayment, kids paying mortgage. A lot more common than I previously thought. Given how expensive things are at, we are all probably going to be doing the same Maybe even get the grandparents involved by 2040!!!
Inventory is still pretty low and you have 3-4 months of pent up demand.
I have a feeling a lot of people who buy now will live with regret in the near term. Otherwise, it's a great time to be a seller especially for hard to move properties. I am working on one near a power line right now that usually sells 200k-300k less than comps 1km away from the powerline. Between no houses available and where things are at this listing will probably get 150k more than it's supposed to.
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#9875689 - 08/08/20 05:45 PM
Re: I started a blog (real estate)
[Re: Denis Si]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
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Why are prices going up? Who the fuck is buying ?
Simple. Lack of supply and money is super cheap to borrow now.
_________________________
'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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#9876271 - 08/10/20 05:00 AM
Re: I started a blog (real estate)
[Re: Hatorade]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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Also people making dumb decisions (moving far out).
Shopify has 250k locked in at The Well, employees can work from home, yet during the pandemic they secured another 90k sq. ft. at the same place and increasing their footprint.
CN: Working from home is temporary despite what employers say.
Good luck with that commute from Barrie tho
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#9877157 - 08/10/20 10:21 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
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Also people making dumb decisions (moving far out).
Shopify has 250k locked in at The Well, employees can work from home, yet during the pandemic they secured another 90k sq. ft. at the same place and increasing their footprint.
CN: Working from home is temporary despite what employers say.
Good luck with that commute from Barrie tho
Couldn’t agree more. Let’s face it. Businesses will want employees back in the office. They want control period and working at home they lose that.
_________________________
'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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#9879228 - 08/13/20 02:39 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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Simon_the_Pieman
Post Master Sr
Registered: 08/13/01
Posts: 9486
Loc: The A
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Also people making dumb decisions (moving far out).
Shopify has 250k locked in at The Well, employees can work from home, yet during the pandemic they secured another 90k sq. ft. at the same place and increasing their footprint.
CN: Working from home is temporary despite what employers say.
Good luck with that commute from Barrie tho
its just for optics man!
move out of the city. go far. save money. have a good life. hologram me in bob.
_________________________
"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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#9879607 - 08/14/20 04:34 AM
Re: I started a blog (real estate)
[Re: Simon_the_Pieman]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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#9933206 - 10/27/20 11:22 PM
Re: I started a blog (real estate)
[Re: Senor Eduardo_82]
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LNXGUY
Tougher than Logan Roy
Post Master Supreme
Registered: 08/06/00
Posts: 107804
Loc: Barrie, Ont,
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What's the deal with lots of properties being listed twice? In the Realtor app I see lots of places with two listings, one with a traditional WXXXXXXX number and the other with a number like 30799822. Same address, same price, same realtor.
Different realtor boards. There are some listings up here done in triplicate.
_________________________
-Bill 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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#9933248 - 10/28/20 05:55 AM
Re: I started a blog (real estate)
[Re: LNXGUY]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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If the listing is outside of TREB, it will start with X on the MLS listing.
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#9934176 - 10/29/20 09:20 AM
Re: I started a blog (real estate)
[Re: Hatorade]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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Also people making dumb decisions (moving far out).
Shopify has 250k locked in at The Well, employees can work from home, yet during the pandemic they secured another 90k sq. ft. at the same place and increasing their footprint.
CN: Working from home is temporary despite what employers say.
Good luck with that commute from Barrie tho Couldn’t agree more. Let’s face it. Businesses will want employees back in the office. They want control period and working at home they lose that.
nah.
save $ on office space
longer work hours
meeting requests at 7 am up to 6 pm
im actually busier at home than the office
working from home works and it's now proven.
probably depends on roles though. - not in my house. we're both busier
_________________________
JB weld is your friend
Chewbacca makes me yawn *Yawn*
"rolling -----on my 2.0, with the rag top down so my hair can blow..."
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#9934186 - 10/29/20 09:26 AM
Re: I started a blog (real estate)
[Re: f22b-dohc]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
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Also people making dumb decisions (moving far out).
Shopify has 250k locked in at The Well, employees can work from home, yet during the pandemic they secured another 90k sq. ft. at the same place and increasing their footprint.
CN: Working from home is temporary despite what employers say.
Good luck with that commute from Barrie tho Couldn’t agree more. Let’s face it. Businesses will want employees back in the office. They want control period and working at home they lose that. nah. save $ on office space longer work hours meeting requests at 7 am up to 6 pm im actually busier at home than the office working from home works and it's now proven. probably depends on roles though. - not in my house. we're both busier
Yeah I've been seeing that a lot now too. Meeting after meeting 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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#9934212 - 10/29/20 09:37 AM
Re: I started a blog (real estate)
[Re: Hatorade]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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That's just a form of passive aggressive micro management from shitty bosses.
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#9935106 - 10/29/20 09:20 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
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That's just a form of passive aggressive micro management from shitty bosses.
And there is no shortage of shitty bosses.
_________________________
'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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#9937171 - 11/02/20 01:26 PM
Re: I started a blog (real estate)
[Re: Risky Business (he/him)]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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numbers on office leases?
i'd like to see what happens/happened to the concourse downtown - my guess is most are closed.
_________________________
JB weld is your friend
Chewbacca makes me yawn *Yawn*
"rolling -----on my 2.0, with the rag top down so my hair can blow..."
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#9937318 - 11/02/20 03:44 PM
Re: I started a blog (real estate)
[Re: f22b-dohc]
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Risky Business (he/him)
Provides a Great Work Environment.
Post Master Supreme
Registered: 05/17/10
Posts: 45593
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Depends which, Class A office or Class A retail? It's all over the map, numbers are still hush/unchanged, but anecdotally from people in the know it's all over the place.
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