This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 732 matches

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by reallyreal2
Sat Oct 14, 2017 6:41 am
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 42
Views: 31871

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

lol

That article was hilarious!

Thanks for the laugh - great start to the weekend!
by reallyreal2
Wed Oct 11, 2017 2:19 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

The first post and article of this thread are in reference to Canada. Start another thread if you want to talk about US concerns - some of us don't give a shit about what happens in the US.
Just open your eyes - everything is right in front of you.  
by reallyreal2
Tue Oct 10, 2017 7:10 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

Of course, why make this clear when your goal is to be alarmist. Let's just borrow and obfuscate any negative news we can find It is clear to anybody that can read. But hey - you can read minds (since you know what someone’s goal is) yet want someone to be clear for those that can actually read wor...
by reallyreal2
Tue Oct 10, 2017 10:41 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

Here's something alarming... "The Fed's about to try something that almost always has ended in recession" https://www.cnbc.com/2017/08/02/fed-balance-sheet-reduction-almost-always-ends-in-recession.html "Fed economist: 'No evidence that QE works' as central bank starts unwinding program ... There's...
by reallyreal2
Mon Oct 02, 2017 8:47 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1399940

Re: Vancouver indvidual property sales details

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market.  The market has slowed during the summer sure, but in de...
by reallyreal2
Mon Oct 02, 2017 8:44 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1399940

Re: Vancouver indvidual property sales details

3443 east 47th ave 2152sqft detached built 33x159 RS-1 lot Asking $1,508,800 sold $1,650,000 on 18-sept after 6 days Prime Killarney home on an extra deep 33 by 159.44 corner lot. 1.5 baths and a single garage .Plenty of potential here. # bedrooms up and two down. Listed By: COLDWELL BANKER WESTBUR...
by reallyreal2
Tue Jul 25, 2017 8:05 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

Sounds like a lot of wishful thinking. A lot of people had to stretch just to get into this market.  Grey market loans are through the roof.  Those that could not afford the market 2 months ago can afford it less today and less tomorrow when rates go up.... I would hate to be stretched right now - ...
by reallyreal2
Mon Jul 24, 2017 7:52 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

Sounds like a lot of wishful thinking. A lot of people had to stretch just to get into this market. Grey market loans are through the roof. Those that could not afford the market 2 months ago can afford it less today and less tomorrow when rates go up.... I would hate to be stretched right now - tha...
by reallyreal2
Mon Jul 24, 2017 12:06 pm
Forum: Real Estate Talks
Topic: Subdivision and tax
Replies: 1
Views: 10363

Re: Subdivision and tax

Hire an accountant.  Any advice you get here will be worth what you paid for it.
by reallyreal2
Mon Jul 24, 2017 11:58 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

So we have had our first rate increase and the markets are already starting to price in another one in October.  It is very possible that rates will increase 2% over the next 2 to 3 years.  I am sure everyone can afford that with no problem  8)
by reallyreal2
Tue Jul 18, 2017 8:33 am
Forum: Real Estate Talks
Topic: Thoughts on homes w/ polybulytene ?
Replies: 5
Views: 11475

Re: Thoughts on homes w/ polybulytene ?

Thanks for your opinions.  To be honest, I was curious for selfish reasons - I have the Poly B in my home (25 years old now) and *knock on wood* no issues yet.  It was a major concern when purchasing the home but I decided to take a chance. Honestly - does anybody know of a single person that has ha...
by reallyreal2
Tue Jul 18, 2017 8:29 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

All I know ETB is that you have been wrong about the stock market and condo prices in the lower mainland.

What else do you think people should not invest in?  I want to get in quick!
by reallyreal2
Sun Jul 16, 2017 7:15 pm
Forum: Real Estate Talks
Topic: Thoughts on homes w/ polybulytene ?
Replies: 5
Views: 11475

Re: Thoughts on homes w/ polybulytene ?

Hi These pipes (grey in color) are notorious for degrading and failing. The horrible thing about these pipes is you won't notice the leak until they have caused lots of damage because they usually start leaking slowly.  Usually you won't have a catastrophic failing like an exploding pipe,  You will...
by reallyreal2
Sat Jul 15, 2017 3:16 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

The combination of rising interest rates and appreciating Loonie will be disasterous for Canadian housing.
Im not sure if will be disasterous, but it will have an effect.  I think the bigger problem will be the NDP provincial policies
Which specific policies do you think will be a problem?
by reallyreal2
Fri Jun 30, 2017 1:24 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 79627

Re: Are interest rates finally going to rise?

That's great for you.... Problem is many people have bought recently and stretched to do so.  Many people bought presales with price gains baked in and have to close on higher rates than expected. It is the margins where people get killed, not the people that are in the market for years - well maybe...
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