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tdma800
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0% down payments may return to parts of Metro Vancouver

Tue Jan 12, 2016 12:59 pm

 
reallyreal
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Re: 0% down payments may return to parts of Metro Vancouver

Tue Jan 12, 2016 4:04 pm

I find it amusing that to buy $1K in stock of a company, I have to be an accredited investor and meet certain difficult to meet criteria.

But to commit myself to purchase a condo in 3 years for hundreds of thousands of dollars, just stop in a sign.
 
Geyser
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Re: 0% down payments may return to parts of Metro Vancouver

Tue Jan 12, 2016 6:49 pm

Gasoline is very effective at putting out fires. :shock:
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
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WhipMaster
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Re: 0% down payments may return to parts of Metro Vancouver

Wed Jan 13, 2016 7:14 pm

0% down? hmmmmm..... ok.
They gotta curtail foreign money buying real estate as well as immigration.
Hoo~Cudda~Not~Nod~ed????? :-)
 
reallyreal
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Re: 0% down payments may return to parts of Metro Vancouver

Wed Jan 13, 2016 8:52 pm

0% down? hmmmmm..... ok.
They gotta curtail foreign money buying real estate as well as immigration.
Why?
 
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WhipMaster
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Re: 0% down payments may return to parts of Metro Vancouver

Thu Jan 14, 2016 4:21 pm

cuz the market is going nutz!
Hoo~Cudda~Not~Nod~ed????? :-)
 
reallyreal
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Re: 0% down payments may return to parts of Metro Vancouver

Thu Jan 14, 2016 4:41 pm

It has been going nuts for years though. If they haven't done it (curtailing) by now, no point in doing it.
 
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WhipMaster
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Re: 0% down payments may return to parts of Metro Vancouver

Thu Jan 14, 2016 8:13 pm

well it would be great if they did.
they gotta do something
Hoo~Cudda~Not~Nod~ed????? :-)
 
reallyreal
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Re: 0% down payments may return to parts of Metro Vancouver

Thu Jan 14, 2016 9:47 pm

Quite the change of tune.... Or you being sarcastic.
 
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jesse1
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Re: 0% down payments may return to parts of Metro Vancouver

Sat Jan 16, 2016 11:18 am

The PoMo 0 down scheme has some strict income conditions, so it's not totally crazy. In my view people get "help" on downpayments all the time from family or whatnot, that the developer is "giving" them their DP through a discount isn't too far off status quo.

Full disclosure: my support of this scheme is based on a chance of future entertainment if tshtf. Hate away.
There is no shame in overpaying

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