Again those so-called-experts are asking us to buy before it is too late! The links you posted are amazing. Thanks a lot!!!
Thanks Rahul from the great US housing link.
Sometime it pays to pay for other service. After all, they also have families and they are a part of an economic chain that will affect you one day. I realize that now.
The problem is with us that we donot want to pay others for the services they provide, thinking that we achieve the same without their help. We think we can save money, cut corners this way. And this country is build on self help. But off late I do not mind people making money off me, as long they give a decent service and get me my price. The odd car salesman, the future shop guy, the realtor etc etc.
It is not only that I donot have the time to shop around but I get this nagging thought that someone in this line, could have got me a better bottom line.
When I go to gym, I used to work out alone. That way I hardly went to the gym. Then I recieved a pre paid personal trainers lesson at the same local gym. That boy, he really took pains to make my work out interesting, he was inspirational. I saw the difference between guidance and working on my own within two months. I am less grumpy, I pass less gas and work more.
I regularly go to gym now As result I feel fighting few and have lost weight. I pay for personal trainer's time. This way he makes some money to feed his family and I get my due. This way he ensures I am in gym three times a week. And belive me I always thought I was the smartest kid on the block when ever I try to do things on my own. Sharing wealth is what makes Canada one the richest countries in the world.
Quote:
Originally posted by DP_gta
Thanks Rahul from the great US housing link.
Sometime it pays to pay for other service. After all, they also have families and they are a part of an economic chain that will affect you one day. I realize that now.
The problem is with us that we donot want to pay others for the services they provide, thinking that we achieve the same without their help. We think we can save money, cut corners this way. And this country is build on self help. But off late I do not mind people making money off me, as long they give a decent service and get me my price. The odd car salesman, the future shop guy, the realtor etc etc.
It is not only that I donot have the time to shop around but I get this nagging thought that someone in this line, could have got me a better bottom line.
When I go to gym, I used to work out alone. That way I hardly went to the gym. Then I recieved a pre paid personal trainers lesson at the same local gym. That boy, he really took pains to make my work out interesting, he was inspirational. I saw the difference between guidance and working on my own within two months. I am less grumpy, I pass less gas and work more.
I regularly go to gym now As result I feel fighting few and have lost weight. I pay for personal trainer's time. This way he makes some money to feed his family and I get my due. This way he ensures I am in gym three times a week. And belive me I always thought I was the smartest kid on the block when ever I try to do things on my own. Sharing wealth is what makes Canada one the richest countries in the world.
DP_gta.. Nice post.
I completely agree with you that sharing wealth and services makes Canada or any country rich. Here are few scenarios:
1. Perfect Scenario that all want:
One gym instructor talks to you one to one and ask your goal. He is really honest with you that your goals are achievable and make sense in given time frame. He gave his credential/references of the people who have same goals like you and you check both negative/positive references. You talk with gym instructor about those negative references so that you or he does not repeat same mistake. He makes calendar for you then put the data so you can track your performance. It sounds like you both (you and instructor) are successful and happy. You will give good reference about him all the time.
2. When instructor can go any limit to take your money:
It may possible that gym instruction tell you I will make you Arnold Schwarzenegger in 3 months don’t worry. I was personal trainer of Van Diesel before he came to Hollywood he was just 100 lbs that time. Let start plan. You eat 15 eggs in breakfast, 3 chickens in lunch, and 1 complete lamb in dinner. You can easily figure out that will not work.
3. When you are not realistic and instruction know you are stupid and he just wants to cash you:
Gym instructor talks to you one to one and ask your goal. You tell him that I want to make my dream true as I want to participate in figure skating selection in next 3 months and you never wear skates in your life. Instructor is smart and knows that you are cash cow so why does he mind to take your money.
Point is... how and where to meet condition 1? For that we need to awake/learn/smart all the time. There are tons of people in category 2 and 3 in every service industry. In other business/industry you can be learn lesson by losing few hundred $. But when you loose big $$$ (ex: like in RE) then there is no point to return except foreclosure/bankrupt.
Its never a bad time to buy a house for yourself to live in ....
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Growing Old Is Mandatory ..Growing UP is Optional
Quote:
Originally posted by AshwaniG
Its never a bad time to buy a house for yourself to live in ....
Quote:
Originally posted by AshwaniG
Its never a bad time to buy a house for yourself to live in ....
Ashwani.. it seems to me a good pitch and quite emotional for first time buyers, newly married or couple having baby on the way. Smart flippers are already out of market after making fortune from RE.
How you going to sell same idea who bought in last year peak market and now exactly same home is selling 40-60K less on same street?
I remember lot of my office colleagues laughed on me last year when I was saying I want to hold as price will go down. They start giving logic (oil price, job market, migration) same still holds true but price going down. Now same guys come and whisper in my ear "My neighbor is selling exact same home in much less price". I should wait or price is going down more…
There is one month free rent available in some far west or south Calgary areas as people can not hold so called investment property for long without sale/tenants. But why tenants will live 40 mins away from downtown and pay same rent as inner city area? So one month free rent is a good idea…?
http://www.rentfaster.ca" rel="nofollow">LINK
Location: carl sagan's universe
Posted on: 05-02-08 15:43:00
I am not conversant in the Calgary market, but in downtown TO, it is more of a home auction than sale.
Like a home goes on the market for $400,000 and is sold at $450,000 as the buyers bid (for their own use) and this not so long ago like in Nov. 2007
Don't know how it is today.
At Bloor St. condos were jacked up from $300,000 to $500,000 in the course of the day by investors. I believe the top floor went for millions to a ME guy. Perhaps Amit or another realtor on this forum can fill us in on this.
I covered that event, where tons of people were hired to camp out in the cold to hold the place in line.
AshwaniG I believe is in GTA. I also believe that GTA for a person who wishes to buy a home for him/herself, it is not a bad time.
Alberta may be a different story. So maybe the US.
Why go so far as your office (for us folks on the forum). Someone on the forum here called you by an unsavoury term not so long ago for no apparent reason (maybe there was one that goes far back- no idea), other than expressing your views that seemed not to coincide with his.
Oh well, to each their own.
Thx Rahul for putting it in perspective.
Of course if you are a billy type you are in a ride already. I was saying in all things equal, that you know your way around and what is happening. that gym guy has to first win your trust/faith, not easy task. The gym instructor knows that you know that he knows that you know that you are a bottom line types. I guess you do not mind paying for the "service" as long as you derive a benefit. Pay as you go. Not exactly pump the guy up and run with the loot. Ha Ha.
BTW you are pessimistic on RE (U must be from US). In US yes, but not here in Canada. Normally first sign of falling RE market comes from Vancover or GTA. Prices are going up in both these places. You are not going to loose your shirt buying one for your own stay. With the low interst it is better then renting. Fortunately for us in GTA we a low % of high risk EXceed type mortgages As I was reading in the Toronto Star site today. Condo sales has shot up by 52%. As a whole freehold RE prices in GTA will not rise at 5% average but may see rise at 3%. Hey I can live with that. We are an immigrant towm, I might even buy one for investment. Buy low sell high. The price are not going down here just the net appreciation is slowing down. Did you see the trend on gold, that historically has had a negative correlation to the RE prices?
Yes maybe this the right time to build that basement. Fall in new Housing starts in US should result in lower material cost like drywall, studs etc. I guess thats about the only fall out for us from the US housing market flop.
Quote:
Originally posted by rahul_singh23
Quote:
Originally posted by AshwaniG
Its never a bad time to buy a house for yourself to live in ....
Quote:
Originally posted by AshwaniG
Its never a bad time to buy a house for yourself to live in ....
Ashwani.. it seems to me a good pitch and quite emotional for first time buyers, newly married or couple having baby on the way. Smart flippers are already out of market after making fortune from RE.
How you going to sell same idea who bought in last year peak market and now exactly same home is selling 40-60K less on same street?
I remember lot of my office colleagues laughed on me last year when I was saying I want to hold as price will go down. They start giving logic (oil price, job market, migration) same still holds true but price going down. Now same guys come and whisper in my ear "My neighbor is selling exact same home in much less price". I should wait or price is going down more…
There is one month free rent available in some far west or south Calgary areas as people can not hold so called investment property for long without sale/tenants. But why tenants will live 40 mins away from downtown and pay same rent as inner city area? So one month free rent is a good idea…?
http://www.rentfaster.ca" rel="nofollow">LINK
