HawthorneVillager.com

Hawthorne Village (Milton) Discussion Board
It is currently Sun Dec 17, 2017 9:01 am

All times are UTC - 5 hours




Post new topic Reply to topic  [ 42 posts ]  Go to page Previous  1, 2, 3  Next
Author Message
PostPosted: Sun Jul 16, 2017 6:56 am 
Offline
User avatar

Joined: Wed May 21, 2014 1:57 pm
Posts: 1154
I honestly have no f****** clue who Garth Turner is.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 7:59 am 
Offline
User avatar

Joined: Sun Feb 21, 2010 6:46 pm
Posts: 3313
Hodor wrote:
I honestly have no f****** clue who Garth Turner is.

He's a guy who has been predicting a housing market crash for 7 or 8 years now. Many people follow his advice like he's a prophet. Basically a more intelligent sounding version of the idiot that started the deline thread.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 9:35 am 
Offline

Joined: Wed Feb 26, 2014 1:14 pm
Posts: 559
Location: Phase 3A
it is too early to call anything now. What % has gone down is a fraction of what went up over the last 8 months. It is not panic button.

Those who bought in the last 1-1.5 years, may have a cause for concern.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 1:09 pm 
Offline
User avatar

Joined: Wed May 21, 2014 1:57 pm
Posts: 1154
Carl wrote:
it is too early to call anything now. What % has gone down is a fraction of what went up over the last 8 months. It is not panic button.

Those who bought in the last 1-1.5 years, may have a cause for concern.


A cause for concern might also be the many people who just had sales fall through due to the recent deline in house prices. House across the street just had this happen. It's up for sale again, open house right now - with nobody showing up.

Shits not gonna hit the fan all at once. It'll start slow, then pick up as people start realizing their average $70k in home equity debt might not have been such a good idea after all.

http://www.cbc.ca/news/business/interes ... -1.4192847

I have no idea what people deem $70,000 of debt necessary for, but it's about to get real. Buckle up!!


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 2:57 pm 
Offline
User avatar

Joined: Sun Dec 03, 2006 8:27 am
Posts: 2920
Hodor wrote:
Carl wrote:
it is too early to call anything now. What % has gone down is a fraction of what went up over the last 8 months. It is not panic button.

Those who bought in the last 1-1.5 years, may have a cause for concern.


A cause for concern might also be the many people who just had sales fall through due to the recent deline in house prices. House across the street just had this happen. It's up for sale again, open house right now - with nobody showing up.

Shits not gonna hit the fan all at once. It'll start slow, then pick up as people start realizing their average $70k in home equity debt might not have been such a good idea after all.

http://www.cbc.ca/news/business/interes ... -1.4192847

I have no idea what people deem $70,000 of debt necessary for, but it's about to get real. Buckle up!!


This.
Buy & waive financing condition, even though your preapproval is conditional on selling your home.
Nobody buys your home, now you gotta back out of your buy. Now those people got the same problem. Repeat, repeat, repeat.
The courts are going to be busy.
Getting out of an unconditional offer to buy is going to cost you big time, because they will bill you for the cost of carrying two homes when 1 can't be sold. Or the loss of selling below your offer. Or the additional cost they were sued for when you forced them to kill their unconditional offer.
Your $70k equity that you used to have is going to barely cover your legal issues, if you're lucky.

_________________
Even the calendar says WTF after Monday and Tuesday.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 4:13 pm 
Offline

Joined: Wed Feb 26, 2014 1:14 pm
Posts: 559
Location: Phase 3A
looks like all in all very good market for Lawyers busy with defending or fighting over! Viola!


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 5:21 pm 
Offline
User avatar

Joined: Sun Dec 03, 2006 8:27 am
Posts: 2920
Yup, the lawyers are somewhere between "bear trap" and " media attention " on G. Turners chart.
It's going to be ugly. Imagine losing the deposit or loan your parents made on your gamble, I mean home. Then you still live in their basement, with no foreseeable hope of leaving.
This must be how Nortel employees felt. Sickening, and getting iller.

_________________
Even the calendar says WTF after Monday and Tuesday.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 6:34 pm 
Offline

Joined: Wed Feb 26, 2014 1:14 pm
Posts: 559
Location: Phase 3A
Milton is now very good balanced market if you ask any realtor from Milton. Have noticed homes with SOLD signs lately after in the market not too long (matter of days).


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 8:11 pm 
Offline
User avatar

Joined: Sun Dec 03, 2006 8:27 am
Posts: 2920
Carl wrote:
Milton is now very good balanced market if you ask any realtor from Milton. Have noticed homes with SOLD signs lately after in the market not too long (matter of days).

Right. So the bear trap has been confirmed. Exciting times ahead.

_________________
Even the calendar says WTF after Monday and Tuesday.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 8:25 pm 
Offline
User avatar

Joined: Sun Feb 21, 2010 6:46 pm
Posts: 3313
Norts999 wrote:
Carl wrote:
Milton is now very good balanced market if you ask any realtor from Milton. Have noticed homes with SOLD signs lately after in the market not too long (matter of days).

Right. So the bear trap has been confirmed. Exciting times ahead.

Nice! I can't wait for the greed and delusion phases. Looks like I'll have tons of money for strippers and blow. Glad I bought Nortel stock when it was forty bucks a share...that's when my Mattamy fortune was born!


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 9:09 pm 
Offline
User avatar

Joined: Tue Jan 31, 2012 11:42 pm
Posts: 1164
Guys....you seem to misreading The Bubble Chart AKA "Our Revised Lifeplan" According to it, we have just crested the rollercoaster, the turn occurring in late April as admitted buy any honest and wise agent you may choose to consult, a few (welll one at least) posting in here. We are currently (obviosly) in our denial phase, where we shall pause at the bull trap briefly before continuing in a downward circular vortex AKA the toilet.

According to our new Lord and saviour Garth Turner, we are snookered already. Here he is in mid-May, 2 not-so-long months ago:

http://www.greaterfool.ca/2017/05/15/amoebas/
Quote:
Okay, so we both know you have ‘realtor.ca’ included in your bookmarks, along with GreaterFool and that underwear place. Go there, select ‘Toronto’ then pull back to include all the real estate from Belleville to Barrie, to K-W and down to Niagara – the so-called Greater Golden Horseshoe. Now choose “Listed Since” on the menu bar and pick seven days ago. Click and behold.

In that period of time, in that wide region, more than 10,000 listings have come to market since last Monday. Yes, some of them are duplicates and some are re-listings which expired or changed price. But, whoa mama, that’s a lot of fresh meat!

For the past two months this pathetic but oddly fetching blog has been telling you about the winds of change. Suddenly the bidding wars ended. Buyers started to back out of deals. Realtors held offer nights and went to bed lonely. Sellers saw their great, greedy expectations smashed. Now listings are sitting for weeks, not hours. Sales have started to sag and, as mentioned above, we have a listings orgy in play.

All of this was evident even before April 20th, when Ontario dropped the hammer on the housing market in a move with national implications. Since real estate provides a fifth of the entire economy and 40% of current growth, the abrupt shift will be felt far beyond the shimmering glass condo towers of the Big Smoke. Imposing universal rent controls alone is expected to halt about $6.5 billion in residential development and actually increase tenant costs. Ah, yes. Government.

Well, all that anecdotal evidence here – the stories of jilted and unrequited sellers – now has some statistical support. The numbers are early, but decisive. This baby’s going down.

_________________
Fireworks aiming straight at heaven
Temporary towers soar
Till there are no stars shining up in heaven
Till there are no stars any more


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 9:17 pm 
Offline
User avatar

Joined: Sun Feb 21, 2010 6:46 pm
Posts: 3313
There's no way this is correct. It can't be correct. Whatever, I'm fine...it's fine. I'm good.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 9:28 pm 
Offline

Joined: Wed Feb 26, 2014 1:14 pm
Posts: 559
Location: Phase 3A
Read that blog, one thing that is 100% correct is you love your job and work harder as ever.

You only have big problem if there is a problem with the job in hand.


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 9:36 pm 
Offline
User avatar

Joined: Sun Feb 21, 2010 6:46 pm
Posts: 3313
Carl wrote:
Read that blog, one thing that is 100% correct is you love your job and work harder as ever.

You only have big problem if there is a problem with the job in hand.

Is that sexual?


Top
 Profile  
Reply with quote  
PostPosted: Sun Jul 16, 2017 10:34 pm 
Offline
User avatar

Joined: Tue Jan 31, 2012 11:42 pm
Posts: 1164
Sounds scatological.

_________________
Fireworks aiming straight at heaven
Temporary towers soar
Till there are no stars shining up in heaven
Till there are no stars any more


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 42 posts ]  Go to page Previous  1, 2, 3  Next

All times are UTC - 5 hours


Who is online

Users browsing this forum: Bing [Bot], Mr.Peppermint and 4 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
[ Time : 0.172s | 14 Queries | GZIP : Off ]