Comments on: Anecdotes and Advice from a First Time Home Buyer Part 5 – The Search http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/ Investing and Personal Finance Sat, 31 Jul 2010 15:45:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anecdotes and Advice from a First Time Home Buyer Part 4 - What To Buy http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-2159 Anecdotes and Advice from a First Time Home Buyer Part 4 - What To Buy Fri, 23 Nov 2007 01:58:13 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-2159 [...] Read the next post in this series “The Search“. [...] [...] Read the next post in this series “The Search“. [...]

]]> By: Anecdotes and Advice from a First Time Home Buyer Part 6 - Week One With An Agent http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-2029 Anecdotes and Advice from a First Time Home Buyer Part 6 - Week One With An Agent Wed, 14 Nov 2007 10:01:37 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-2029 [...] My friend Christine has kindly agreed to write a series of posts on her experiences with buying a home for the first time which will be posted occasionally. See Part 5 - The Search. [...] [...] My friend Christine has kindly agreed to write a series of posts on her experiences with buying a home for the first time which will be posted occasionally. See Part 5 – The Search. [...]

]]> By: Four Pillars http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1963 Four Pillars Sat, 10 Nov 2007 13:20:24 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1963 Nope. :) Nope. :)

]]> By: Mr. Cheap http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1960 Mr. Cheap Sat, 10 Nov 2007 05:41:13 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1960 telly: Yeah! My brother mentioned LLL to me a while back and thought it was a "hot tip" he should get in on, When I looked into it, I told him that I thought it wasn't the best stock to be buying now. Do you have an agent you liked working with? Maybe Mike and I should come down, see a few buildings and take you and your husband out for a meal... What do you think Mike, would the wife let you go out on a road trip with Mr. Cheap? :-) telly: Yeah! My brother mentioned LLL to me a while back and thought it was a “hot tip” he should get in on, When I looked into it, I told him that I thought it wasn’t the best stock to be buying now.

Do you have an agent you liked working with? Maybe Mike and I should come down, see a few buildings and take you and your husband out for a meal… What do you think Mike, would the wife let you go out on a road trip with Mr. Cheap? :-)

]]> By: FourPillars http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1956 FourPillars Fri, 09 Nov 2007 19:37:47 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1956 Good point Telly. Since you mentioned that the University was expanding, that would certainly make the student rental housing a lot less risky (in my opinion at least). Mike Good point Telly. Since you mentioned that the University was expanding, that would certainly make the student rental housing a lot less risky (in my opinion at least).

Mike

]]> By: telly http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1955 telly Fri, 09 Nov 2007 19:35:09 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1955 Cheap: It's funny how no one will buy in Windsor right now but people are tripping over each to buy in Vancouver and Calgary where affordability is at an all time low. Kind of like how everyone's going goo-goo over Lululemon but won't touch Citigroup with a 10 ft. pole. :) I suppose LLL could get to $100 within a year and C could declare bankruptcy but I won't put my money on it. :) Cheap:
It’s funny how no one will buy in Windsor right now but people are tripping over each to buy in Vancouver and Calgary where affordability is at an all time low.

Kind of like how everyone’s going goo-goo over Lululemon but won’t touch Citigroup with a 10 ft. pole. :)

I suppose LLL could get to $100 within a year and C could declare bankruptcy but I won’t put my money on it. :)

]]> By: Mr. Cheap http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1953 Mr. Cheap Fri, 09 Nov 2007 18:39:07 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1953 telly: I think we'll be quoting your comment in a few months or a year and asking you for stock recommendations ;-). TMW: I used to live in the St. Clair / Bathurst area and I agree, its great! Albert's Real Jamaican restaurant in the bomb (their curried goat is one of my favourite meals). telly: I think we’ll be quoting your comment in a few months or a year and asking you for stock recommendations ;-) .

TMW: I used to live in the St. Clair / Bathurst area and I agree, its great! Albert’s Real Jamaican restaurant in the bomb (their curried goat is one of my favourite meals).

]]> By: telly http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1951 telly Fri, 09 Nov 2007 17:26:53 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1951 Mike, I think SD is referring to the fact that while people are bidding over asking price on homes in Toronto, prices on homes are falling rather sharply in virtually every city in the US. A lot of the things you hear happening in many cities in Canada (Vancouver, Calagary, Toronto, Edmonton, etc.) such as overbidding, line ups for new condo development sales, 10-20% increases in RE sale prices were the same things you were hearing in the US 2+ years ago. It sounds eerily familiar... Mike,
I think SD is referring to the fact that while people are bidding over asking price on homes in Toronto, prices on homes are falling rather sharply in virtually every city in the US.

A lot of the things you hear happening in many cities in Canada (Vancouver, Calagary, Toronto, Edmonton, etc.) such as overbidding, line ups for new condo development sales, 10-20% increases in RE sale prices were the same things you were hearing in the US 2+ years ago.

It sounds eerily familiar…

]]> By: thickenmywallet http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1949 thickenmywallet Fri, 09 Nov 2007 16:58:09 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1949 I haven't read the other parts of the series but have you attempted to look at Bathurst/St. Clair? My one observation of the Annex is that it has a very old population once you strip away the students. Perhaps you buy something for 5 years and pick up a property in the Annex once everyone begins to downside? As you indicate in your post $500k doesn't get you much house in T.O. now a days! I haven’t read the other parts of the series but have you attempted to look at Bathurst/St. Clair?

My one observation of the Annex is that it has a very old population once you strip away the students. Perhaps you buy something for 5 years and pick up a property in the Annex once everyone begins to downside? As you indicate in your post $500k doesn’t get you much house in T.O. now a days!

]]> By: FourPillars http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/comment-page-1/#comment-1947 FourPillars Fri, 09 Nov 2007 15:51:33 +0000 http://www.moneysmartsblog.com/anecdotes-and-advice-from-a-first-time-home-buyer-part-5-the-search/#comment-1947 SD - how is the housing market in the US different? SD – how is the housing market in the US different?

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