Current Events > If you can save up and afford the expenses get a house ASAP

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H0LD_Austin_Era 04/30/21 9:01:33 AM #1:	Eventually companies will own homes and rent them out cause the average worker can't afford a house. Next 5-20 years is going to be crucial. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953397874] in If you can... [t:79433247]...</cite> <quote>Eventually companies will own homes and rent them out cause the average worker can't afford a house. Next 5-20 years is going to be crucial. </quote> ... Copied to Clipboard!
MedeaLysistrata 04/30/21 9:02:13 AM #2:	H0LD_Austin_Era posted... Next 5-20 years is going to be crucial. Elaborate? --- "Why is ontology so expensive?" - JH [Is this live?][Joyless planet...] <cite>MedeaLysistrata posted [p:953397890] in If you can... [t:79433247]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>Next 5-20 years is going to be crucial.</quote>Elaborate? </quote> ... Copied to Clipboard!
R1masher 04/30/21 9:02:51 AM #3:	This is better than those stock tip topics --- R1R1R1R1R1R1 <cite>R1masher posted [p:953397909] in If you can... [t:79433247]...</cite> <quote>This is better than those stock tip topics </quote> ... Copied to Clipboard!
H0LD_Austin_Era 04/30/21 9:04:26 AM #4:	MedeaLysistrata posted... Elaborate? Home prices will go up and up. Average house in Toronto will be like 4 million in 20 years. My house in cottage country 6 years ago was in the $200K range now could sell for $600-700K. Do the math. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953397942] in If you can... [t:79433247]...</cite> <quote>MedeaLysistrata posted... </cite> <quote>Elaborate?</quote> Home prices will go up and up. Average house in Toronto will be like 4 million in 20 years. My house in cottage country 6 years ago was in the $200K range now could sell for $600-700K. Do the math. </quote> ... Copied to Clipboard!
WrkHrdPlayHrdr 04/30/21 9:06:16 AM #5:	H0LD_Austin_Era posted... Eventually companies will own homes and rent them out cause the average worker can't afford a house. It isn't quite at the "can't afford homes" yet but there's gigantic companies that this is all they do. Buy complexes and rent it out or buy land and build a complex. These companies are the ones I will agree with when people say "landlords are bad". --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od <cite>WrkHrdPlayHrdr posted [p:953397986] in If you can... [t:79433247]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>Eventually companies will own homes and rent them out cause the average worker can't afford a house.</quote> It isn't quite at the "can't afford homes" yet but there's gigantic companies that this is all they do. Buy complexes and rent it out or buy land and build a complex. These companies are the ones I will agree with when people say "landlords are bad". </quote> ... Copied to Clipboard!
Vermander 04/30/21 9:07:16 AM #6:	The housing bubble will burst eventually. --- Nintendo Switch FC: SW-0807-8653-6885 "Blue has the most anti-oxygens." <cite>Vermander posted [p:953398002] in If you can... [t:79433247]...</cite> <quote>The housing bubble will burst eventually.</quote> ... Copied to Clipboard!
chairforceone 04/30/21 9:09:34 AM #7:	Vermander posted... The housing bubble will burst eventually. sure after everyone dies I guess <cite>chairforceone posted [p:953398064] in If you can... [t:79433247]...</cite> <quote>Vermander posted... </cite> <quote>The housing bubble will burst eventually.</quote> sure after everyone dies I guess </quote> ... Copied to Clipboard!
H0LD_Austin_Era 04/30/21 9:11:02 AM #8:	Vermander posted... The housing bubble will burst eventually. Not really here in Canada. I've spoken to a few real estate agents and they said if prices go down due to the bubble it won't be a large amount. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953398099] in If you can... [t:79433247]...</cite> <quote>Vermander posted... </cite> <quote>The housing bubble will burst eventually.</quote> Not really here in Canada. I've spoken to a few real estate agents and they said if prices go down due to the bubble it won't be a large amount. </quote> ... Copied to Clipboard!
MedeaLysistrata 04/30/21 9:12:29 AM #9:	H0LD_Austin_Era posted... Home prices will go up and up. Average house in Toronto will be like 4 million in 20 years. My house in cottage country 6 years ago was in the $200K range now could sell for $600-700K. Do the math. Man that sucks, hope someone fixes it My prediction is more people will move to the GTA tbh. --- "Why is ontology so expensive?" - JH [Is this live?][Joyless planet...] <cite>MedeaLysistrata posted [p:953398126] in If you can... [t:79433247]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>Home prices will go up and up. Average house in Toronto will be like 4 million in 20 years. My house in cottage country 6 years ago was in the $200K range now could sell for $600-700K. Do the math.</quote>Man that sucks, hope someone fixes it My prediction is more people will move to the GTA tbh. </quote> ... Copied to Clipboard!
H0LD_Austin_Era 04/30/21 9:15:38 AM #10:	A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953398201] in If you can... [t:79433247]...</cite> <quote>A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much. </quote> ... Copied to Clipboard!
MedeaLysistrata 04/30/21 9:20:52 AM #11:	H0LD_Austin_Era posted... A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much. Man why bother, it's too late --- "Why is ontology so expensive?" - JH [Is this live?][Joyless planet...] <cite>MedeaLysistrata posted [p:953398319] in If you can... [t:79433247]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much.</quote>Man why bother, it's too late </quote> ... Copied to Clipboard!
Squall28 04/30/21 9:24:33 AM #12:	Yeah I remember when you can get a good house here for $120k. Regular ass houses will be or already is a million in popular places. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:953398405] in If you can... [t:79433247]...</cite> <quote>Yeah I remember when you can get a good house here for $120k. Regular ass houses will be or already is a million in popular places. </quote> ... Copied to Clipboard!
ROOTFayth 04/30/21 9:24:55 AM #13:	H0LD_Austin_Era posted... A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much. no need to live in the most crowded cities though, I had a new house built sort of in the mountains but it's only ~20 mins from the city (quebec, canada) and I've got ~5000 square feet for ~700k so you can easily have a 2500sqft home over here for 350-400k instead of just 900sqft <cite>ROOTFayth posted [p:953398417] in If you can... [t:79433247]...</cite> <quote>H0LD_Austin_Era posted... </cite> <quote>A small 900sqft home is going for $400K. Nothing will be "fixed" since construction companies are making money and so are real estate companies. The same goes for America pretty much.</quote>no need to live in the most crowded cities though, I had a new house built sort of in the mountains but it's only ~20 mins from the city (quebec, canada) and I've got ~5000 square feet for ~700k so you can easily have a 2500sqft home over here for 350-400k instead of just 900sqft </quote> ... Copied to Clipboard!
SwiggitySwoogit 04/30/21 9:25:20 AM #14:	Ignorant people fear mongering? Yep, I'm on CE. <cite>SwiggitySwoogit posted [p:953398428] in If you can... [t:79433247]...</cite> <quote>Ignorant people fear mongering? Yep, I'm on CE. </quote> ... Copied to Clipboard!
ROOTFayth 04/30/21 9:27:24 AM #15:	SwiggitySwoogit posted... Ignorant people fear mongering? Yep, I'm on CE. bah I think we can safely assume that inflation has already started to hit us and it's just the beginning, it was inevitable but Covid is definitely accelerating that a lot <cite>ROOTFayth posted [p:953398486] in If you can... [t:79433247]...</cite> <quote>SwiggitySwoogit posted... </cite> <quote>Ignorant people fear mongering? Yep, I'm on CE.</quote>bah I think we can safely assume that inflation has already started to hit us and it's just the beginning, it was inevitable but Covid is definitely accelerating that a lot </quote> ... Copied to Clipboard!
KiwiTerraRizing 04/30/21 9:27:51 AM #16:	The housing bubble wont burst because nobody is building new affordable homes. The only things getting built you can buy are mansions, condos and townhouses. You want a nice little house for your family you are competing with a hundred buyers, you got no chance. --- Trucking Legend Don Schneider! <cite>KiwiTerraRizing posted [p:953398498] in If you can... [t:79433247]...</cite> <quote>The housing bubble wont burst because nobody is building new affordable homes. The only things getting built you can buy are mansions, condos and townhouses. You want a nice little house for your family you are competing with a hundred buyers, you got no chance. </quote> ... Copied to Clipboard!
H0LD_Austin_Era 04/30/21 9:31:46 AM #17:	Problem with that is lack of internet or low speed. I live in a small town which isn't that busy. Closet city is 1 hour drive away. 6 years ago that 900sqft home would be going for about $90-120K. Not to mention property tax on a home now worth a million is more than $100K worth home. In like 6 more years my house will be selling for a million if I sell. I might take a small home equity loan and either buy a 2nd home somewhere in America or Mexico or put the money in stocks. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953398603] in If you can... [t:79433247]...</cite> <quote>Problem with that is lack of internet or low speed. I live in a small town which isn't that busy. Closet city is 1 hour drive away. 6 years ago that 900sqft home would be going for about $90-120K. Not to mention property tax on a home now worth a million is more than $100K worth home. In like 6 more years my house will be selling for a million if I sell. I might take a small home equity loan and either buy a 2nd home somewhere in America or Mexico or put the money in stocks. </quote> ... Copied to Clipboard!
WrkHrdPlayHrdr 04/30/21 9:33:31 AM #18:	ROOTFayth posted... no need to live in the most crowded cities though, I had a new house built sort of in the mountains but it's only ~20 mins from the city (quebec, canada) and I've got ~5000 square feet for ~700k so you can easily have a 2500sqft home over here for 350-400k instead of just 900sqft Right, it's all about location. I bought a 950 SF place that cost me just a smidge shy of 100K. It also is two apartments already split up which allows for rental income. Although I know there's people who don't really have a choice but to try to live in the city. --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od <cite>WrkHrdPlayHrdr posted [p:953398650] in If you can... [t:79433247]...</cite> <quote>ROOTFayth posted... </cite> <quote>no need to live in the most crowded cities though, I had a new house built sort of in the mountains but it's only ~20 mins from the city (quebec, canada) and I've got ~5000 square feet for ~700k so you can easily have a 2500sqft home over here for 350-400k instead of just 900sqft</quote> Right, it's all about location. I bought a 950 SF place that cost me just a smidge shy of 100K. It also is two apartments already split up which allows for rental income. Although I know there's people who don't really have a choice but to try to live in the city. </quote> ... Copied to Clipboard!
H0LD_Austin_Era 04/30/21 9:36:07 AM #19:	KiwiTerraRizing posted... The housing bubble wont burst because nobody is building new affordable homes. The only things getting built you can buy are mansions, condos and townhouses. You want a nice little house for your family you are competing with a hundred buyers, you got no chance. Yeah you make an offer and someone easily out bids you. I read an article the other day someone in Hamilton who had the highest bid didn't even get the house. Real estate agents were pressuring them to go in even higher being shady and they lost the deal. I could move about half hour north from where I am and get a home built. In total it'd be about $600K which includes buying the land. Many people in the GTA rent out their basements or the house has multi family living there cause 2 people alone struggle to afford it. Not to mention car insurance is like $300 for an average person or something. --- C H E C K M A T E <cite>H0LD_Austin_Era posted [p:953398709] in If you can... [t:79433247]...</cite> <quote>KiwiTerraRizing posted... </cite> <quote>The housing bubble wont burst because nobody is building new affordable homes. The only things getting built you can buy are mansions, condos and townhouses. You want a nice little house for your family you are competing with a hundred buyers, you got no chance.</quote> Yeah you make an offer and someone easily out bids you. I read an article the other day someone in Hamilton who had the highest bid didn't even get the house. Real estate agents were pressuring them to go in even higher being shady and they lost the deal. I could move about half hour north from where I am and get a home built. In total it'd be about $600K which includes buying the land. Many people in the GTA rent out their basements or the house has multi family living there cause 2 people alone struggle to afford it. Not to mention car insurance is like $300 for an average person or something. </quote> ... Copied to Clipboard!
ROOTFayth 04/30/21 9:39:24 AM #20:	WrkHrdPlayHrdr posted... Right, it's all about location. I bought a 950 SF place that cost me just a smidge shy of 100K. It also is two apartments already split up which allows for rental income. Although I know there's people who don't really have a choice but to try to live in the city. yeah some people do have no choice because of their job but it seems what Covid has done is force companies into setting up work from home stuff so I think they're going to stick with it if it reduces costs, like if their employees are doing the work they need to do from home and you don't need to rent office space it's pretty good for the company and allow people for more freedom as to where they want to live <cite>ROOTFayth posted [p:953398790] in If you can... [t:79433247]...</cite> <quote>WrkHrdPlayHrdr posted... </cite> <quote>Right, it's all about location. I bought a 950 SF place that cost me just a smidge shy of 100K. It also is two apartments already split up which allows for rental income. Although I know there's people who don't really have a choice but to try to live in the city.</quote>yeah some people do have no choice because of their job but it seems what Covid has done is force companies into setting up work from home stuff so I think they're going to stick with it if it reduces costs, like if their employees are doing the work they need to do from home and you don't need to rent office space it's pretty good for the company and allow people for more freedom as to where they want to live </quote> ... Copied to Clipboard!
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Current Events > If you can save up and afford the expenses get a house ASAP (+) Yeah! (+)

Current Events > If you can save up and afford the expenses get a house ASAP