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Thread: Real-estate market 'almost at a crisis situation'

  1. #101
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    Another thing that makes me shake my head Werner.
    In the GTA 1600-1800sq is considered "small".

    When I got married our first house was 1500sq. Few years later I was 30 (1994), getting caught in the trap and being the family man I was, making sure my Italian bride was leaving the dream of white picket fences and big houses ( the typical Italina princess dream). We paid 270k for that monstonsity in 1993. Today its probably selling for quite a bit more than 1 million.

    Here I am a short 45 minutes to the same area, in home that in that area, would go for million(s). At 1800sq we feel its a little too large. Its got amazing flow and it's deceptively large. A lot of people think its larger than it is. We were shopping for smaller, but here, as there, as Hunter John is seeing on his slice. Those nice homes, are getting knocked down for large, square boxes with no life/character. Finding "small" bungalows....they are few and far between.

    Not far us ( 3-5minutes away) theres a tiny little hamlet of about 20 homes called Valentia. Theres a horse farm, likely been around forever. Guess sometime a few years ago, they parcelled off a bit of property a long the concession. Would look to be .5 to 1 acre lots. Guess whats being built on those lots. Square boxes with no life/charm I would guess easily 2500-3000 sq.

    This is what $600,000 can get you now ( assuming it doesn't go over ask, good luck with that ...), its just a couple minutes away.
    https://www.realtor.ca/Residential/S...Rural-Mariposa

    I have no doubt I could put a for sale sign up tomorrow, make a ton of "profit" and move somewhere further away from the insanity that is life in the GTA. I have kids in Oshawa/Ajax that themselves are just striking out, trying to find their way in the utter insanity that still need their dad, and at some point hope to find work, that keeps my mind busy and me interested (don't care what it pays, theres far more to life than the greenback) and being a lemming in the rat race.
    Last edited by JBen; March 8th, 2017 at 10:33 AM.

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  3. #102
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    Maybe we could save gas if people worked and lived in the same city.

  4. #103
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    Choices to be made... I bought a lesser house than I could afford so I could do a lot of other things including paying for two kids to go through engineering programs at universities of their choice; buying a cottage that's close enough I make it there every weekend for 8 months of the year; buying a couple of boats to go with the cottage; and 150 acres of my own private deer/turkey/bear hunting. I'd rather all that than a big house in a big city.

  5. #104
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    Quote Originally Posted by werner.reiche View Post
    Choices to be made... I bought a lesser house than I could afford so I could do a lot of other things including paying for two kids to go through engineering programs at universities of their choice; buying a cottage that's close enough I make it there every weekend for 8 months of the year; buying a couple of boats to go with the cottage; and 150 acres of my own private deer/turkey/bear hunting. I'd rather all that than a big house in a big city.
    Pretty hard to argue with that !

  6. #105
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    Nope, But how many of todays 20 or 30 somethings will realistically have that chance/option.
    I really wish I could see 10 years into the future. Labour markets, median incomes for various area's etc.

    Telling my kids, or anyone kids...Well you should find a place outside Kingston, or outside Ottawa ( not sure Ottawa is a whole lot better).
    Know a number of my friends that are anywhere between say 45 and 60. There are some pretty predictable topics of conservation. Universally most are really concerned for their kids. Whether its this issue or some others, like how many of them are coming out of Post tens of thousands in debt, and struggling to find work....Or if they get decent/good jobs..

    Whitby Townhouse
    http://www.point2homes.com/CA/Home-F.../38377827.html

  7. #106
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    I am assuming that any carpenters, electricians or other construction trade workers must be making out pretty good since there is such a shortage of houses - there are probably a lot of kids that end up going to college and racking up a big debt and can't find a good job where they would have been better to learn a trade

  8. #107
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    If I could turn back the hands of time Joe, kind of wish I'd gone into the trades. Not long ago there was a thread in the politics forum that touched on some of these things. Werner had a great phrase to sum up what he calls

    "education inflation"
    How often do we hear/see justifications for various industries "well they spent 4 years in school, they should be paid tons". Ontario statistically has the highest number of post secondary graduates. You can't blow your nose these days, without it requiring a "pedigree"....

    In essence, chasing the almighty greenback, society ( note theres no distinction amongst different industries or groups) wanting more and more. Be it more money, be it larger housing, be it more $ from Queens Park for this that and the other....

    That said, not all is rosy with the trades either.
    http://www.cbc.ca/news/business/men-...hind-1.3962316

  9. #108
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    Quote Originally Posted by JBen View Post
    If I could turn back the hands of time Joe, kind of wish I'd gone into the trades. Not long ago there was a thread in the politics forum that touched on some of these things. Werner had a great phrase to sum up what he calls

    "education inflation"
    How often do we hear/see justifications for various industries "well they spent 4 years in school, they should be paid tons". Ontario statistically has the highest number of post secondary graduates. You can't blow your nose these days, without it requiring a "pedigree"....

    In essence, chasing the almighty greenback, society ( note theres no distinction amongst different industries or groups) wanting more and more. Be it more money, be it larger housing, be it more $ from Queens Park for this that and the other....

    That said, not all is rosy with the trades either.
    http://www.cbc.ca/news/business/men-...hind-1.3962316
    Trades are really only good for plumbers, electricians and hvac.
    Specialty guys like cabinet installers, flooring, roofers can get by if they own there own company,
    but if you just work for someone else, not a lot of money in it.

    Very little masonry work done now days.
    Carpentry is essentially an unskilled trade.

  10. #109
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    Quote Originally Posted by werner.reiche View Post
    Choices to be made... I bought a lesser house than I could afford so I could do a lot of other things including paying for two kids to go through engineering programs at universities of their choice; buying a cottage that's close enough I make it there every weekend for 8 months of the year; buying a couple of boats to go with the cottage; and 150 acres of my own private deer/turkey/bear hunting. I'd rather all that than a big house in a big city.
    Me too , but I can't talk my husband into it. We have a big beautiful 5 bedroom in London . It was his family home.
    " We are more than our gender, skin color, class, sexuality or age; we are unlimited potential, and can not be defined by one label." quote A. Bartlett


  11. #110
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    Quote Originally Posted by 73hunter View Post
    Pretty hard to argue with that !
    +2, would rather have a nice cozy bungalow with character like my parents have now; than a townhouse without a backyard or a clone without appeal. On my street houses are 36-50" lots built about 30-40 years. You'll find a couple of the same but most of them have their character and appeal, also very green with decent amount of trees.

    Also cottage is an appeal for me too. a land lot up north for now. :/

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