japhi
Registered User
- Jul 7, 2014
- 3,744
- 3,091
Not me. Never heard of it. Give us a rundown?Is anybody in on MVIS?
I'm at 150 shares @ 10.49 buy-in price.
I use Direct investing for my stocks. Cryto I have put on hold. Don't see it coming back until late '21, maybe 2022.what are you using instead ?
That was AMC. Suppose to short. It's gone up 20% since Tuesday. Made $800. Not as high as i wanted but alright.So much for that GME squeeze this week. Maybe next week.
I've sold nearly all of my crypto and liquid stocks to move forward with a down payment as quickly as possible in this hot market. Wish me luck guys.
A friend tried to purchase a condo multiple times in Montreal, she went over the price by 10-20% and lost every time.
She managed to acquire one, but the seller faked the numbers in the living area squarage (surface habitable) by 20%. She canceled the contract as the seller didn't wanted to negociate.
For equivalent Condo, she was overpaying 25%
Good luck .
I've sold nearly all of my crypto and liquid stocks to move forward with a down payment as quickly as possible in this hot market. Wish me luck guys.
I've sold nearly all of my crypto and liquid stocks to move forward with a down payment as quickly as possible in this hot market. Wish me luck guys.
curious about the housing market , I’m looking for a condo myself. I felt like I was waiting for a crash of some sorts but seems demand is still high. Homes are still going to multiple offers, I would assume with the interest rate low, it’s not making it hard for people to invest.
i guess I have to wait until the rates come up so people will be deterred to buy.
how is my reasoning ?
curious about the housing market , I’m looking for a condo myself. I felt like I was waiting for a crash of some sorts but seems demand is still high. Homes are still going to multiple offers, I would assume with the interest rate low, it’s not making it hard for people to invest.
i guess I have to wait until the rates come up so people will be deterred to buy.
how is my reasoning ?
your reasoning is too logical
When I bought my house in 2013, it was not the time to acquire.
right now, it's even worse. If you don't have a house, you're doomed.
I don't believe that the market will crash. it might SLOW down or stagnate. but not going down.
curious about the housing market , I’m looking for a condo myself. I felt like I was waiting for a crash of some sorts but seems demand is still high. Homes are still going to multiple offers, I would assume with the interest rate low, it’s not making it hard for people to invest.
i guess I have to wait until the rates come up so people will be deterred to buy.
how is my reasoning ?
curious about the housing market , I’m looking for a condo myself. I felt like I was waiting for a crash of some sorts but seems demand is still high. Homes are still going to multiple offers, I would assume with the interest rate low, it’s not making it hard for people to invest.
i guess I have to wait until the rates come up so people will be deterred to buy.
how is my reasoning ?
I doubt home prices really come down in the next few years. Maybe for a condo it's different, but people want more room and a teleworking place at home. Also, the millenials (yours truly) will become buyers more and more, so that will expand demand.
My reasoning is that people rarely accept to sell a home below the price they paid. Unless there's something wrong with the house or if they're really struggling financially. Rates will increase eventually, but probably not to an amount that will squeeze people out of their homes.
With that being said, being a renter is looking more and more interesting. Of course rents in bigger cities are also ridiculous, so you're damned if you do buy a house, or if you don't. It's not an easy market for first time buyers.
My advice is that if you can tolerate being a renter, accumulate more funds to buy eventually. But if you have to buy a house because you're done with loud neighbors or because you need a bigger place for the kids, well you have to take it on the chin
Another good advice I got from the podcast Animal Spirits: If you go to buy a house, buy a house you'll live in for 10-15 years, not a starter home for 2-3 years. Transaction fees will ruin all the profit you'll make if you go for a house temporarily. Of course, shit happens and you can't predict breakups or losing your job, but your intent should probably be to buy for the long term.
I got lucky, I inherited my houseI've sold nearly all of my crypto and liquid stocks to move forward with a down payment as quickly as possible in this hot market. Wish me luck guys.
It depends on too many variables to see here.
For myself, some of the variables include that I'm getting married this summer, and that rent in this market costs as much or more than a mortgage.
We also don't care if the price drops by 10% soon or whatever, as we plan to stay there a long time.
For what you need, how much do you estimate that you need to pay for rent versus mortgage?
Something to consider...It depends on too many variables to see here.
For myself, some of the variables include that I'm getting married this summer, and that rent in this market costs as much or more than a mortgage.
We also don't care if the price drops by 10% soon or whatever, as we plan to stay there a long time.
For what you need, how much do you estimate that you need to pay for rent versus mortgage?
Yeah with these never really going under 7 figures its not going to be easy.Something to consider...
I was lucky enough to buy an investment property before this madness began. Got it at a reasonable price and then renovated it to become a legal duplex. Now I rent it out with renters upstairs and down. It covers the mortgage.
If you're willing to live with it, you could get a place and live on the top floor while renting out the basement. Do that for a while and a good chunk of your mortgage will be paid by somebody else. Of course, you need the right tenant and a woman who's willing to go along with your plan...
Anyways congrats on getting hitched.
Get an older place in Pierrfonds. Visit Fairview mall on the weekends.Yeah with these never really going under 7 figures its not going to be easy.
The only options around are condos or living 45 min + of MTL.