HawthorneVillager.com

Wow, I was able to get to your magic number Dabills:

Highlight Summary for: Option 1 Option 2 For a 25 year mortgage for $300,000.00 at the rate of 3.00%, your Bi-Weekly payment is $711.32
Mortgage Amortization


Amortization Schedule
Total Principal and Interest Payment for Term: $92,471.60

Total Principal Repayment for Term: $51,385.86

Total Interest Cost for Term: $41,085.74

Balance at End of Term: $248,614.14




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Option 1 Option 2
For a 25 year mortgage for $300,000.00 at the rate of 3.00%, your Bi-Weekly payment is $711.32. For a 25 year mortgage for $300,000.00 at the rate of 3.60%, your Bi-Weekly payment is $756.85.

Total Principal and Interest Payment for Term: $92,471.60 $98,390.50
Total Principal Repayment for Term: $51,385.86 $49,255.73
Total Interest Cost for Term: $41,085.74 $49,134.77
Balance at End of Term: $248,614.14 $250,744.27

If you question the rate of 3%, it was actually an option on the calculator.

If you were actualy having a discussion, it wouldnt be you always telling people that their opinion was wrong. Sure you post insightfull links to articles that prove teh point that you are trying to make, however, you call someone a troll for having a different opinion (with taht being said, I think f is just as bad, he is taking this just as personally as you are.
If you really think about it, for the most part, 70 pages long on this topic is rediculious, wouldnt you agree....if you were really having a discussion with people that were like minded, why dont you just PM them with your links as opposed to trolling and encouraging f and a few others to voice their dissention on the topic.

You pointed out that the topic and post had been dormant for a period of a week or so and then someone (who want you) posted a message. From going back to the history of this post, it was a question of when would housing decline 10% with everyone haveing their crystal ball out and pretending that they are the arm chair economist. Every one has opinion, hoever, not everyone has to continually be a douche and say nah, I dont see it that way, my silly leprechan relatives that I feel sorry for, my other portugese and greek relatives who really messed up, remindes me of what happened in another country...etc... Well guess, what, the topic has gone from the 10% guess to HELOC, leveraging debt, the state of the canadian economy and everything else inbetween.

What it comes down to, is you egg people on, while people like DTC and OlSkool seem to have a discussion and let things roll off of them instead of having to call someone out and try to prove a personal vendetta.

Some of your posts are just links to articles that you think others may think are interesting....if you really have no vested interest in the topic, PM it to them ans save us from another 70 pages of people trying to be the expert on predicting housing prices.

I agree that young people shouldnt take out a 400K mortgage with 7% down, but guess what, just because you say they shouldnt, they still will....and I can guarantee that you will have to respond to this post to try to get the last word in......and f....give it a rest.......they love you on here because you get soo mad.

There is no consensus on what the final percent decline will be which is why I only said they believe that it would start this year.

From Royal: We believe we are past the period of peak house price appreciation.”[/i]

Royal Le Page is parsing there words carefully. They've gone out of there way to say that pricing has peaked but they don't actually say it will negative in any quarter,

(no offense Fred).

yes batman, its at 67%.

not a surprise? shouldnt our equity rise as the assets gain value?

Your house will be worthless anyway and Milton will end up looking like the Baltimore ghettos, so just relax and don't worry about it.

Toronto’s robust activity during the economic activity has outpaced the national average by a wide margin, he said.

“Key here is Toronto’s vibrant labour market. During the first quarter of the year, overall employment in the city rose by just under two per cent with many of these jobs being relatively high quality jobs. More than 80 per cent of the increase in employment over the past quarter was in full-time positions.”

Meanwhile, the local real estate market remains one of the hottest in the country, with housing starts nearly doubled from the same period last year. Population growth in the city is also among the highest in Canada.

The rate of consumer bankruptcy in the city is on a downward trend and is among the lowest in the country.

i had mine listed at 345K i dropped it after 4 days to 340K because i got no offers.

You have yet to chime in even though I've asked numerous times for agents too. But prices are already coming down in Milton with homes above $700,000 and seeing pressure on $600,000 and even above $500,000.

Wow, now you would probably get 410k only a year or two later.