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PostPosted: Mon Nov 13, 2017 9:23 pm 
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Lol that classic chart is a joke, and would only be relevant if you’re trying to time a market anyway so good luck with that one.

BTW the “institutional investors” and “smart money” haven’t entered the cannabis sector yet. We’ve also seen several “new paradigms!!!” since June.

Hell, today alone I’m up 14%. Fourteen.
Original purchases in June?
+144%
+135%
+121%
+66%
+83%
+47%
+54% (this is bullshit penny stock though but it looks nice)

I’ve led you freaks to a literal gold mine here. Grab a couple grand, and TAKE THE ADVICE. This is only the beginning....

Wrong thread. Whoops.


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PostPosted: Wed Mar 07, 2018 9:08 am 
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Here comes the deline! FINALLY!!!

https://www.thestar.com/business/real_e ... unged.html

BiG CARinG...again...


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PostPosted: Wed Mar 07, 2018 9:42 am 
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Location: 4th line / St Laurent
LOL!
It already happened. Comparing Feb 2018 to 2017 is totally useless because the drops happened already.
FUTURE PREDICTION:
A story will come out for March and for April saying the same thing, and they will say "Losses continue!! 3 months in a row!", when the prices are already actually recovering.

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PostPosted: Wed Mar 07, 2018 11:36 am 
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We're basically watching a pinball game in progress, and just where will that ball bounce? Jackpot or the toilet? We ain't playing, haven't played in a decade, and won't be playing for a some time to come.

http://www.greaterfool.ca/2018/03/06/the-inevitable-3/
Quote:
After all, how do you reconcile this…

“The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole.” (Real estate board news release.)

…with this?

Prices for single detached family homes fell 17.2% in the GTA to just over $1 million – weighed down by an 18.6% decline to $1.28 million in the city of Toronto, and a 17.8% drop to $911,065 in the 905 region. The number of single detached houses sold in the GTA fell by 41.2%… Prices tumbled, with the average sales price for all housing types falling 12.4% to $767,818. (Financial Post news report.)

You can’t, of course. The market seems to be in price freefall. And no wonder.


Here's some interesting stuff too (yes, I know how to interpret this), as referenced by the above commentator. Wheeee!

http://torontorealestatecharts.com/2018 ... ed-milton/
Quote:
Summary:

Milton detached home sales down 44.7%, active listings up 225.5% year-over-year YoY
Sales to active listings ratio (SALR) is trending downward
Average Milton detached home price is down 5.2% YoY
Median Milton detached home price is down 1.8% YoY

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PostPosted: Wed Mar 07, 2018 12:04 pm 
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B&T 402: We must be on the same wavelength this morning. I was just about to also post Garth's daily "Greater Fool" comments.

IMHO, houses and condos in southern Ontario are still overvalued by at least 45%. Until prices drop to pre 2010 levels new potential buyers should continue renting vs buying into this irrational market. They would be committing financial suicide buying real estate at this point with ever rising interest rates on the horizon and a recession sure to follow.


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PostPosted: Wed Mar 07, 2018 12:14 pm 
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Absolutely, almost no-one should be transacting in this climate, there are almost no good enough reasons, except maybe death or involuntary employment changes. Since about 2014 we've been using a modified FOMO motive model called FOLUABAR (Fear Of Living Under A Bridge At Retirement), and we have made all the proper mental adjustments to cope accordingly. Fingers crossed!

Also, in the interest of honesty, I think instead of using the familiar "SOLD!" sign on lawn signs, Realtors® should be using "CAVED!" or maybe "OUT-WAITED!", at least for the coming 6-12 months.

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PostPosted: Wed Mar 07, 2018 12:44 pm 
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"FOLUABAR" - lol... must add that one to 2 other apropos acronyms FUBAR and TARFU.


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PostPosted: Wed Mar 07, 2018 2:08 pm 
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are the Feb YoY drops in home prices a surprise? Did we all forget the manic state of house prices early last year? If prices are down this July vs. last year then that is of some interest.


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PostPosted: Wed Mar 07, 2018 2:09 pm 
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All Star wrote:
Until prices drop to pre 2010 levels new potential buyers should continue renting vs buying into this irrational market.

You can't be serious? :lol:
We are still well above the 2016 pricing

The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February's average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years.


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PostPosted: Wed Mar 07, 2018 2:37 pm 
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Mr.Peppermint wrote:
All Star wrote:
Until prices drop to pre 2010 levels new potential buyers should continue renting vs buying into this irrational market.

You can't be serious? :lol:
We are still well above the 2016 pricing

The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February's average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years.


The above paragraph that you quote is the news release of the Toronto Real Estate Board. Their usual spin and denial of actual numbers in an futile effort to still bamboozle naïve and financially illiterate persons.
Why don't you take some time and fully read what B&T 402 wrote earlier today and then respond.


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PostPosted: Wed Mar 07, 2018 3:08 pm 
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Fixed it for you Minty:

Mr.Peppermint wrote:

Quote:
The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February's average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years.
Source: http://www.trebhome.com/market_news/rel ... s/news.htm

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PostPosted: Wed Mar 07, 2018 9:24 pm 
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All Star wrote:
The above paragraph that you quote is the news release of the Toronto Real Estate Board. Their usual spin and denial of actual numbers in an futile effort to still bamboozle naïve and financially illiterate persons.
Why don't you take some time and fully read what B&T 402 wrote earlier today and then respond.

Uh huh
And yet every builder is still releasing and selling out in days
Resales are still on market less than a month
Dollar values are publicly reported

Despite any attempts at spin be honest here
If you are a Realtor you can read what houses are selling
IF there was even a slight decline half of the part time Realtors would stop paying TREB and find a new job
Yet Realtors are still plentiful in the wild, despite this supposed crash

In your original post you were "waiting" for prices to decrease to prices that were in market a decade ago lol
Despite the scarcity of land and the much larger current population
Don't hold your breath :)


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PostPosted: Wed Mar 07, 2018 10:01 pm 
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Mr.Peppermint wrote:
Despite the scarcity of land and the much larger current population
Don't hold your breath :)

That's an interesting point you've Googled up there Mr. P., I've read that too. It seems like it's the ace in the hole of the Real Estate racket, to keep their trendlines pointing ever upward. A predictable demographic fact, you can look at it as another "pig in the Python", just like the swell of generally affluent Boomers that are affecting our economy now and to come. But the main reason why it's BS: Actual affordability. Income levels are not rising anything even remotely close to as fast enough to absorb the nutty increases these folk want you to think is normal and desirable, and it's been going on for pushing 15 years especially out here. The average new mark I mean client buying some of this stuff was 12 in 2000, what could they possibly know?

How much further past 50% of disposable income should we be pushing people? Do you think that's a limitless resource? I can see what will happen more and more is that all kinds of people (not just certain cultures with old ways) will start co-habitating with multiple income earners under the same roof for purely economic reasons to make it all possible. Also, remember Halton's Basement apartment grant program, what the hell do you suppose that was all about, really? http://www.halton.ca/living_in_halton/h ... t_program/ The second I saw that, I thought it has partly been created to support affordability of the overpriced housing inventory, not just to push responsibility for affordable housing off the Region's table. Both obviously I think.

Here's the irony: the more people that have smelling-salts revelations about how f***ed up this has gotten and stop trading in real estate, the faster prices will droop as demand tanks. Look at the Summary I posted: almost 45% fewer takers and 225% more offerers. What's that mean?

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PostPosted: Thu Mar 08, 2018 8:29 am 
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Such an aggressive conversation trying to convince one another of certainties that are anything but.

If you need to buy a house, pick something you can afford with a little wiggle room for mortgage rate increases down the road. Just like any market, trying to time things will most likely be a financial mistake. Remember, you only ever hear from those who got lucky - nobody ever brags about the money they left on the table.

Should we stop thinking about our homes as investments, and instead concentrate our wealth-building on other means? I think so, but I'm just another dummy on the internet.


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PostPosted: Thu Mar 08, 2018 11:22 am 
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munchito wrote:
are the Feb YoY drops in home prices a surprise? Did we all forget the manic state of house prices early last year? If prices are down this July vs. last year then that is of some interest.


BINGO.

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