#31
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$600/week X 52 weeks. Very few UI claims have been challenged so the state UI plus the stimulus kicker is right at $600.
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#32
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so is 13/hour a living wage in AZ?
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#33
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My first week as a Realtor in 1972 I sold 5445 Waverly. 3br and 2ba, 1300 square feet on a typical 40x125 foot lot for----------wait for it---------$45,000. 6 months later the next door neighbor asked me if I could get them as much as $45,000 for their identical home. I told them "NO!" They were upset until I told them we could get $48,000--------and we did. You may get more when you sell your Bird Rock palace.
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#34
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Thanks for the answer. Have you seen an increase in material cost for manufacturing? Or just a supply squeeze?
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#35
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Prices have skyrocketed even out here in the sticks! I have sold three properties the first day they were listed over the past year.
Sent from my iPhone using Tapatalk |
#36
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Quote:
But even these days, Montreal real estate is crazy from what I hear. That might thwart my plans of cashing in on Toronto real estate and living out my retirement in Montreal eating poutine and smoked meat |
#37
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yes the recent rate of appreciation is shocking, but what's lost on a lot of folks is that median prices have finally gotten back to where they were....15 years ago!
so for those who bought their home circa '06 or so....congrats on being around breakeven....before subtracting costs of ownership and transaction costs. yippee.... imagine if you plopped that $100k investment down in an s&p index fund instead, or even more comical, invested in amazon. the latter would enable you to go into a dollar store and buy about 9 million items +/-. |
#38
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Quote:
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#39
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#40
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Bought my place in 07, late last summer was the first time it was worth more than we paid for it. Never thought that would happen when we purchased
I'm staying put, you'd have to be crazy to get involved in the market unless you had to Bubbles pop and we never really seem to learn Quote:
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#41
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My house has gone up 300%+ in the last 20 years...
Quote:
__________________
Chisholm's Custom Wheels Qui Si Parla Campagnolo Last edited by oldpotatoe; 04-28-2021 at 07:46 AM. |
#42
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Before HGTV, housing generally matched the rate of appreciation of the 30 yr treasury. For a LONG time.
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#43
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Sold my 900 sq ft 2 bedroom 1 bath house that was built in 1983 last week in FIFTEEN minutes. All cash deal and no realtor fees. Gave the buyer a walk thru and disclosed all the bugaboos. To my amazement, he didn't turn anything on. He made an offer and came in low so I showed him the new county tax appraisal that arrived two days earlier and gave him my price. Sold at $ 1,000 less than asking which in my opinion was WAY overpriced for a fixer upper. Closed in TWO days and the cashier's check is in the bank. Never in my wildest dreams! Anybody planning to sell look closely at the comps and go from there.
Last edited by el cheapo; 04-28-2021 at 08:56 AM. |
#44
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The really weird thing is that in the Toronto market, rental prices are decreasing even though purchase prices are going up. It is a combo of Airbnb regulation (near prohibition on "ghost hotels") and units that have been in the pipeline for the past 6-8 years finally being delivered. So supply is up just as demand is temporarily leveling off or decreasing. There also appears to be many people trying to sell their condos to move into ground related housing.
Proof of these are difficult, as CMHC says one thing, while other sources (realtors, private think tanks are saying the opposite). Media reposts lean towards rental decreases. CMHC Report on rental housing - https://assets.cmhc-schl.gc.ca/sites...7-d29b1d63cc14 Private report - https://rentals.ca/national-rent-report Media report from last year, which still seems relevant - https://www.cbc.ca/news/canada/toron...irus-1.5616272 |
#45
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Quote:
__________________
http://less-than-epic.blogspot.com/ |
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