#6204064 - 03/12/12 11:05 PM
Re: Housing bubble???
[Re: Dumbass]
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Euphoric
Post Master Supreme
Registered: 11/05/03
Posts: 75204
Loc: Dundas
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I invite you to commute to tdot from your place for a week...report back
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Number 5 hater.  Old, and out of warranty box
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#6204465 - 03/13/12 08:26 AM
Re: Housing bubble???
[Re: Dumbass]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 4651
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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#6204522 - 03/13/12 08:58 AM
Re: Housing bubble???
[Re: SW20_MR2]
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Euphoric
Post Master Supreme
Registered: 11/05/03
Posts: 75204
Loc: Dundas
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Does your son go to daycare?
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Number 5 hater. Old, and out of warranty box
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#6204566 - 03/13/12 09:15 AM
Re: Housing bubble???
[Re: Chocolate Canuck]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 4651
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-Civic]
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xza8
Jr Member
Registered: 12/18/09
Posts: 477
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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
Jr Member
Registered: 12/18/09
Posts: 477
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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: 4926
Loc: Canada
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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: 4651
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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#6315595 - 05/02/12 08:38 AM
Re: Housing bubble???
[Re: oranjizz]
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phoenixrage
Post Master Supreme
Registered: 01/15/08
Posts: 46147
Loc: Toronto, Ontario, Canada
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#6315601 - 05/02/12 08:41 AM
Re: Housing bubble???
[Re: phoenixrage]
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oranjizz
Post Master Jr
Registered: 11/01/02
Posts: 1988
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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#6315640 - 05/02/12 08:57 AM
Re: Housing bubble???
[Re: oranjizz]
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A2B-Civic
Post Master Supreme
Registered: 04/19/01
Posts: 44344
Loc: Canuckistan
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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-Civic]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 4651
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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#6315683 - 05/02/12 09:14 AM
Re: Housing bubble???
[Re: SW20_MR2]
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phoenixrage
Post Master Supreme
Registered: 01/15/08
Posts: 46147
Loc: Toronto, Ontario, Canada
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yea.. for most fobs, they just want to be relatively close to the chinese malls / markets. so thats how they end up gravitating to each other. I'm sure thats how it was back in the day when italians were just immigrating and all living in whats now called little italy.. or Greek ppl and danforth..
plus, most of the newer jobs are in that area.. like importers of goods and such, so they end up living nearby.
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#6315734 - 05/02/12 09:36 AM
Re: Housing bubble???
[Re: Risky & Son]
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phoenixrage
Post Master Supreme
Registered: 01/15/08
Posts: 46147
Loc: Toronto, Ontario, Canada
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they see the bubble too thats why they funnel money into our "stable" market... 
and keep in mind that if you can afford a place in china, under their income scale.. then you can afford a lot of house in toronto.
we're not talking about the factory working making minimum wage at foxconn... the people buying up are business people who make a decent amount of money, even by our standards. They are the 1% from china.
that.. Or they just sold their old ass property for lots of money to some developer..
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#6315841 - 05/02/12 10:19 AM
Re: Housing bubble???
[Re: SW20_MR2]
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Euphoric
Post Master Supreme
Registered: 11/05/03
Posts: 75204
Loc: Dundas
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4. I don't think it's really a matter of keeping up with the Jones.
*not talking about poor mainland folk
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Number 5 hater. Old, and out of warranty box
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Moderator: Humourless
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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) 
