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tdma800
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Re: Kits Home Sells For Epic Dollars.

Thu Mar 03, 2016 9:39 am

omg a foreigner ! RUN!!!!!!
 
reallyreal
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Re: Kits Home Sells For Epic Dollars.

Thu Mar 03, 2016 10:49 am

Pretty soon they will be.
 
tdma800
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Re: Kits Home Sells For Epic Dollars.

Thu Mar 03, 2016 11:11 am

if it was in america people would say that don't allow the exiting device to strike one's posterior while in the process of moving
 
Fabien
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Re: Kits Home Sells For Epic Dollars.

Thu Mar 03, 2016 5:47 pm

Let me guess: rich foreigner? Who else could it possibly be?

Jesse,

Our household income over the last two years is in the $100,000 - $150,000 range. If you think that its still local buyers and credit conditions leading to this, point me to an institution, lender, anyone, that will entertain lending me over $800,000.

We have no debt; no car payments, no credit cards, no loans, nothing.
Investment portfolio, cash in bank, TFSA, and RRSP's.

I will sell all that, and document this on the local blogs, if you point me in a direction where I can secure the type of money to play around in the local SFH market.

EDIT: Thats embarrassing; we do have $190,000 of debt in the form of a mortgage - all this mortgages are not debt talk must have gotten to me.
Pure unadulterated facts. You're in the wrong place!

1) The scenario you described puts you approx in the top 5%.

2) Spot on. About $800k is about all you'll be loaned.

3) Despite your near perfect portfolio you'll be lucky to land a townhouse in Van.

4) If not you or similar then who are these thousands upon thousands (cumulative sales) over the last 6 years who can borrow much more than you, virtually debt free and $150k per annum?

5) Queue the convoluted scenario when everyone just happens to be a single child and just happens to have been bunged a $million by their parents? Yeah right.

6) He can't. And never has.
 
tdma800
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Posts: 2977
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Re: Kits Home Sells For Epic Dollars.

Thu Mar 03, 2016 6:06 pm

a lot of the loan amount depends on the down payment's size lol

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