Home buying - 300K house or 400K house
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Posted on: 07-02-12 22:53:23
http://www.markweisleder.com/profile.htm
Mark Weisleder has presented seminars for the Ontario Real Estate Association and IIR Telecoms since 1983 on subjects such as Real Property Law, Customer Loyalty, Customer Service Excellence, Professional Business Etiquette, Legal Updates and Privacy. He practiced law privately in major Toronto law firms for 12 years, working for real estate developers and entrepreneurs, after which he joined Bell Mobility as Senior in-house counsel in Ontario.
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Quote:
Originally posted by bhootnath
Copy paste made easier:
http://ca.finance.yahoo.com/news/why-it%E2%80%99s-a-good-time-to-buy-a-home.html
Quote:
Originally posted by rahul_singh23
Canadian Housing Market Collapse
http://seekingalpha.com/article/342021-canadian-housing-market-collapse-part-i
http://seekingalpha.com/article/342031-canadian-housing-market-collapse-part-ii
There actually is a Canadian housing bubble and home prices need to revert back to their mean, which is what has happened in the USA, Ireland, Spain and every other market where 'irrational exuberance' was abound.
http://seekingalpha.com/author/rodney-burley
ABOUT
Grasshoppa (aka Rodney Burley) is a Canadian engineer who lives in Southeast Asia working in the upstream oil & gas industry. He is a fairly active investor who's always trying to learn more about the economy and investing.
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This profile sounds more like one of our active user who is the first CD to post most posts using single Avatar...
, in the sense he sits in southeast asia, publishes the article in the field that is not his area of expertise and that too on a country that is far west...and then profile says he always "trying" to learn about the economy and investing..man where in the world do you get time to find such articles? The one that I posted was just flashing on yahoo...Again if you are a first time home buyer there is no risk to buy a house at any point of time because you are probably going to stay there for rest of your life. For investing..as with any other investment if you are diversified and tolerent for the risk..then go ahead..If real estate tanks it brings everything down so if you have some free money then wherever you invest it it is going to be risky. And keeping cash is a crime especially when currency starts to depreciate.
Another copy paste URL.
http://ca.finance.yahoo.com/news/5-reasons-why-housing-market-175127676.html
....and on top of these uncertainities, 2012 doomsday is also hovering.
Quote:
Originally posted by bhootnath
....and on top of these uncertainities, 2012 doomsday is also hovering.
So what is next watch-out date declared by the doomsayers ?
I know some of us are doomed on 14 Feb !
but that is self inflicted doom!, when is almighty lord punishing all of us ?? when ??? I need to start eating my favorite sweets few days before. 
deleted
Mississauga passes 7.4% tax hike, but rejects pay increase
http://www.thestar.com/news/article/1128281--mississauga-passes-7-4-tax-hike-but-rejects-pay-increase?bn=1
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Welcome to govt control free market (CMHC, low interest rates, easy debt, over spending). Someone has to pay.
It's difficult to understand when a person makes money by not understanding it.
When you can rent same house in 1/2 the price without worrying about price depreciation then why to buy in such a irrational market. Now banks, financial institute, IMF and BOC are sending signals that RE market is over. You need to be financial disciplined to save/invest/rrsp/resp but RE is a big money game without having money.
GTA and Greater Vancouver have lowest salaries (compare to living cost and taxes) in North America in high paying jobs (STEM). I know two families who have excellent job offer in US but can not move because of RE negative equity. There should be at least 10% house price appreciation to get out without loss if we add realtor commission, mortgage breaking, closing cost and other miscellaneous cost.
Oh yes Real Estate Board sales pitch - if we are not selling then not loosing money and long term it's good to buy overprice houses. Then it holds true in everywhere and every investment in the world.
American never learned from Canada how to brainwash own people that we are different and economic laws do not work here.
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