The Official Toronto Discussion Thread

[Jefferson Jackson]

 

[Food Mane]

fukked up thing about house prices is we're at a point where we're fukked no matter what. If things stay the same, we're fukked. If prices keep going up, we're fukked. If prices go down, we're fukked.

 

[MikelArteta]

Real Estate has always been used as an investment vehicle. The problem is the government has gotten too involved. They've done a lot to try to "cool the market" and that had negative effects. There is barely any supply now. People don't sell and move up because it's too expensive to do so. They completely screwed first time home buyers with the stress test and further requirments that mad entry level housing extremely expensive.

Government is run by the banks and telecom. Whatever they say goes. There are still opportunities elsewhere. Calgary has homes for $300K. I have no idea why a single person would not at least consider moving there for a minute. Everyone wants to be in Toronto and Vancouver including immigrants so that just means the housing and rent in those cities are going to be expensive. Now, I think the market is completely fukked but actions have consequences. Elections have consequences. No one was complaining when Trudeau came in and tried to save everyone. Printing money more than anyone else. handing CERB to beavers and rats. This is the result. Of course other factors previously but all that inflation and housing going crazy the last yrear or so, that's what it's from.

why should we move to calgary

 

[MikelArteta]

fukked up thing about house prices is we're at a point where we're fukked no matter what. If things stay the same, we're fukked. If prices keep going up, we're fukked. If prices go down, we're fukked.

Yup hell even if you sell your house where can you go to bid against 100 other people?

to rent and the landlord jacking up your rent after a year?

 

[Food Mane]

Yup hell even if you sell your house where can you go to bid against 100 other people?

to rent and the landlord jacking up your rent after a year?

Your only hope to make money selling is to sell and move far, far away

edit: about once a month I think I'm stupid for not doing this. Sell my house, buy a bar in the bahamas and pocket a ton of cash. It's pretty appealing.

 

[Jefferson Jackson]

Peel region cops out here like...

 

[Jefferson Jackson]

vote liberal brehs

 

[Malcolmxxx_23]

vote liberal brehs

I'm a pro vaxxers since day 1


But fukkk taking a 3rd dose

 

[Jefferson Jackson]

I'm a pro vaxxers since day 1


But fukkk taking a 3rd dose

it a'int even gonna stop there neither, Fauci was talkin' about a 4th on Sunday

 

[Malcolmxxx_23]

it a'int even gonna stop there neither, Fauci was talkin' about a 4th on Sunday

If omicron was sever ..then yeah shoot me up

Yall cant miss me with the 3rd shot
That should be reserved for those over 50

 

[Amestafuu (Emeritus)]

liberals won't win so it doesn't matter

 

[MikelArteta]

Liberals will have you shown a passport to go to no frills or Walmart

 

[Jefferson Jackson]

the right thing for who?

 

[JLova]

Bank of Canada is expected to raise the interest rate, the cost of mortgage is expected to go even higher.

yea it will be harder but the hike is negligible. It shouldn’t make a difference. Rates are still low.

I think a lot of people were lead astray and I tried to warn them. All these policies seem great on the surface but thry are just vote grabbers. When you dig deeper you see that thry just make matters worse. Does it make sense that we have all these rules and regulations when it comes to RE but still have some of the highest prices in the world? Stress test made entry level homes higher. It made 1st time homebuyers compete with repeat buyers with bigger down payments. A recipe for disaster.

We are seeing inflation all over the world. Canada is bad because we printed more money. Oriole wanted all this help. I warned them. More money in people’s hands means they will spend it somewhere and a lot of that will go to real estate.

This should not be a surprise to anyone who has been paying attention.

and hell yea I’d consider moving to Calgary if I was a single man who wanted a house and not be a slave to a mortgage. Would do it in a heartbeat.

 

[JLova]

Liberals will have you shown a passport to go to no frills or Walmart

This is what folk voted for. Lib voters want their government to play mommy.