Housing and Condos are going to crash
- Thread starter thadude
- Start date
WTF does Brad Lamb have an opinion piece in the paper?
Because he paid for it.
I wouldn’t trust anything that comes out of that guy’s mouth. His buildings are legendary for their cheap and shoddy construction behind the drywall and his business practices are predatory.
So...i guess just like trump? We’ve all seen how well trump has handled the Covid crisis.
Because he paid for it.
I wouldn’t trust anything that comes out of that guy’s mouth. His buildings are legendary for their cheap and shoddy construction behind the drywall and his business practices are predatory.
So...i guess just like trump? We’ve all seen how well trump has handled the Covid crisis.
Huge number of unemployed, big debt, taxed to death, no savings! This is not going to be over soon a lot of jobs will be gone forever.
Like I said before the housing market is dead it just doesn't know it yet.
These cookie cutter shitholes or poor construction condos with a view of one of the worst lakes on the planet selling for large are dead and wont be coming back anytime soon.
Just give it a few months these idiots that think Toronto is a world class city and think housing will never go down are in for a awaking.
Like I said before the housing market is dead it just doesn't know it yet.
These cookie cutter shitholes or poor construction condos with a view of one of the worst lakes on the planet selling for large are dead and wont be coming back anytime soon.
Just give it a few months these idiots that think Toronto is a world class city and think housing will never go down are in for a awaking.
I partly agree with the previous poster. Toronoto is far from a world class city. It's a cleaner version of Chicago or Washington DC. In regional economics it's a gamma city at best and way way far from a London or Rome or New York.
Re housing.
I don't think it will fail. The government just won't let housing demand or housing consumption die or else this country is fucked. It's not an innovative country it lives off trade of resources and domestic demand. The market will prob lose 15 to 30 per cent of it's overvaluation but it will recover once immigration returns which won't be for a few years.
Re housing.
I don't think it will fail. The government just won't let housing demand or housing consumption die or else this country is fucked. It's not an innovative country it lives off trade of resources and domestic demand. The market will prob lose 15 to 30 per cent of it's overvaluation but it will recover once immigration returns which won't be for a few years.
Not really, at least not for now as the plump older casino types who are gluttons at the all you can eat buffet are high risk for death by Covid-19.
https://www.theglobeandmail.com/bus...r-las-vegas-strip-to-conditionally-reopen-in/
They'll deal with the buffet the same way they deal with it at my deli- they'll cover it and put servers in front to load dishes with food.
Maybe the GTA though is in a good position. Especially with what your talking about.
I got an interesting letter this week. My mortgage payment went down 200+ per month.
I would suggest that most of you with mortgage payments check that out.
Same here. The dollar figure would depend on you mortgage value and term. If you went variable, you’re saving lots comparative to not that long ago.
You sure, because thats not whats happening right now:
https://torontosun.com/business/mon...down/wcm/790baa7c-1e81-41ef-a661-a586f4540633
Clearly, the Canadian health situation is better than the U.S. I just don't know how your economy will be slowed by a generalized American and global recession. Canada has some dependency on oil and commodity prices.
I take real estate data with a grain of salt. There are too many groups who have a vested in maintaining confidence. The industry will make it look like prices are holding even while sales volume vanishes. If you can ride it out, you will be fine. I suspect real estate will be very illiquid for most of the year.
"You sure, because thats not whats happening right now:
https://torontosun.com/business/mone...1-a586f4540633"
key phrase at the end of that article is that buyer have moved to the sidelines. No bid means listings have to drop their prices to get bids. its getting scary in real estate. I've had several real estate agents tell me that they've got listings pleading find them buyers. I wish I could buy something today but my business closed down too and i'm treading water for the meantime. Some of these lucky working from home full salary guaranteed workers should be looking to get some deals.
https://torontosun.com/business/mone...1-a586f4540633"
key phrase at the end of that article is that buyer have moved to the sidelines. No bid means listings have to drop their prices to get bids. its getting scary in real estate. I've had several real estate agents tell me that they've got listings pleading find them buyers. I wish I could buy something today but my business closed down too and i'm treading water for the meantime. Some of these lucky working from home full salary guaranteed workers should be looking to get some deals.
Who is going to be flying into Vegas, domestic flights are down and no foreigners are allowed to come in ?
One thing is for sure, you can gamble with a mask on, but it's awfully difficult to eat with one on. My response is to your Vegas post above not a follow on to jcpro's buffet comment.
If people begin to make money again, where are they likely to spend their leisure money? Gambling might be more desirable to dining out. I bet the casinos do booming business in room service and casino-branded masks. I'd like to roll around town with my Hard Rock Casino, Venetian or Bellagio masks in Vegas or even back home.
As per usual you are completely clueless. Yes some of the air is recirculated, but it goes through High-Efficiency Particle Filters (HEPA) so no bacteria or viruses pass through
https://www.tripsavvy.com/air-quality-during-your-flight-54164
