psycopk Posted July 18 Report Posted July 18 https://www.instagram.com/reel/DMOpUCnNDV7/?igsh=MW16emJiYmJqam4wbQ== 1 Quote
A1startarak Posted July 18 Report Posted July 18 16 minutes ago, psycopk said: https://www.instagram.com/reel/DMOpUCnNDV7/?igsh=MW16emJiYmJqam4wbQ== Good post anna . It’s a Ponzi scheme here , heavily inflated prices, people are in denial phase , next phase is big price drops but Government here is kind of against dropping prices. Sad situation 😔 for him . cc : @CanadianMalodu Quote
aratipandu Posted July 18 Report Posted July 18 3 minutes ago, A1startarak said: Good post anna . It’s a Ponzi scheme here , heavily inflated prices, people are in denial phase , next phase is big price drops but Government here is kind of against dropping prices. Sad situation 😔 for him . cc : @CanadianMalodu @CanadianMalodu is canadian in name only....mana ameerpet @kevinUsa is representing our DB there.. 1 Quote
psycopk Posted July 18 Author Report Posted July 18 @Sonu_pate1 oka 4 suite caselu esuku poi koni paradoubu Quote
CanadianMalodu Posted July 18 Report Posted July 18 1 hour ago, A1startarak said: Good post anna . It’s a Ponzi scheme here , heavily inflated prices, people are in denial phase , next phase is big price drops but Government here is kind of against dropping prices. Sad situation 😔 for him . cc : @CanadianMalodu It's been like that for so long as I remember. About around pre COVID things started heating up again after a bit of cooling, then came biggest pump in the name of "quantitative easing". BoC printed over 1/2 trillion $$ and gave it away and lowered interest rates, that's when people started buying left and right without thinking anything. My friends bought in places like Milton with 150-200k over asking. Canada doesn't have much economy apart from housing and oil extraction. Rest all is branch plant. I don't think Govt. can do much to save it. It's all sort of predestined. If they cut interest rates again, sure paper values may remain but CAD will tank more may be will reach $1.50 to $1.70. Inflation will cull your wallet. If they hold it, crash is imminent. Either way it's a sink hole. Back then talk is BlackRock and Blackstone were sitting in war chest of billions to buy all foreclosures in bulk. 1 Quote
A1startarak Posted July 18 Report Posted July 18 16 minutes ago, CanadianMalodu said: It's been like that for so long as I remember. About around pre COVID things started heating up again after a bit of cooling, then came biggest pump in the name of "quantitative easing". BoC printed over 1/2 trillion $$ and gave it away and lowered interest rates, that's when people started buying left and right without thinking anything. My friends bought in places like Milton with 150-200k over asking. Canada doesn't have much economy apart from housing and oil extraction. Rest all is branch plant. I don't think Govt. can do much to save it. It's all sort of predestined. If they cut interest rates again, sure paper values may remain but CAD will tank more may be willing reach $1.50 to $.1.70. inflation will cull your wallet. If they hold it, crash is imminent. Either way it's a sink hole. Back then talk is BlackRock and Blackstone were sitting in war chest of billions to buy all foreclosures in bulk. Dabbula chillapenkula avi?, single family houses scarcity create chesaru few areas appudu peak lo. Yeah CAD value suprisingly did well this quarter anna. They are holding it from one year ,crash is already happening but people are in Denial and holding long hoping one more boom scenario.😀 which won’t happen if you see the historical data and projected reduction of current/new immigrants. Quote
akkum_bakkum Posted July 18 Report Posted July 18 1 hour ago, psycopk said: https://www.instagram.com/reel/DMOpUCnNDV7/?igsh=MW16emJiYmJqam4wbQ== 2023 lo ammi minga...ippudaithe bichamethukodame....raktha kanneeru going on in Canada. Preview of whats going to happen in some hyped markets here....aka dallas @Sonu_Patel nuvve happy aega. Quote
CanadianMalodu Posted July 18 Report Posted July 18 27 minutes ago, A1startarak said: Dabbula chillapenkula avi?, single family houses scarcity create chesaru few areas appudu peak lo. Yeah CAD value suprisingly did well this quarter anna. They are holding it from one year ,crash is already happening but people are in Denial and holding long hoping one more boom scenario.😀 which won’t happen if you see the historical data and projected reduction of current/new immigrants. Immigrants kooda sense of reality miss avutharu, because of mainstream narrative in Canada. EMI month oka 200-300 perguthundhi anthe kadha anukuntar for that extra $150-200k. They don't think, of the money they owe in absolute terms. Entha sepu house "mortgage" pay chestha unnama ane alochsitharu.They think this equals to "owing" the house, whereas in reality house is the collateral and the lenders own it till they off the mortgage. Same thing with US though, but US lo disposable income ekkuva houses prices koncham reasonable outside big cities. Ippude reality loki vesthunnaru. Quote
akkum_bakkum Posted July 18 Report Posted July 18 38 minutes ago, CanadianMalodu said: It's been like that for so long as I remember. About around pre COVID things started heating up again after a bit of cooling, then came biggest pump in the name of "quantitative easing". BoC printed over 1/2 trillion $$ and gave it away and lowered interest rates, that's when people started buying left and right without thinking anything. My friends bought in places like Milton with 150-200k over asking. Canada doesn't have much economy apart from housing and oil extraction. Rest all is branch plant. I don't think Govt. can do much to save it. It's all sort of predestined. If they cut interest rates again, sure paper values may remain but CAD will tank more may be willing reach $1.50 to $.1.70. inflation will cull your wallet. If they hold it, crash is imminent. Either way it's a sink hole. Back then talk is BlackRock and Blackstone were sitting in war chest of billions to buy all foreclosures in bulk. Then your memory or experience in Canada is short. It was pretty normal till 2019. Those 1.5 - 2 Mil homes in Brampton used to be 400-500k in 2016. Buying frenzy started during covid in late 2020 and continued on till mid 2023. Most of these homes are coming up for mortgage renewal now and many wont qualify with increased rates....almost 3 times higher than in 2021. I have invested a lot in Windsor, Sudbury, and Milton. Sold all portfolios last year looking at the craziness. Those prices are not coming back ever again. 1 Quote
A1startarak Posted July 18 Report Posted July 18 4 minutes ago, CanadianMalodu said: Immigrants kooda sense of reality miss avutharu, because of mainstream narrative in Canada. EMI month oka 200-300 perguthundhi anthe kadha anukuntar for that extra $150-200k. They don't think, of the money they owe in absolute terms. Entha sepu house "mortgage" pay chestha unnama ane alochsitharu.They think this equals to "owing" the house, whereas in reality house is the collateral and the lenders own it till they off the mortgage. Same thing with US though, but US lo disposable income ekkuva houses prices koncham reasonable outside big cities. Ippude reality loki vesthunnaru. Yeah 💯, Banks are main dongalu here they get their full amount at the time of sale/flipping. Inka hold chese speculators daggara every month interest dobbutharu.They are like casino ,they never loose😀😆 1 Quote
A1startarak Posted July 18 Report Posted July 18 16 minutes ago, akkum_bakkum said: 2023 lo ammi minga...ippudaithe bichamethukodame....raktha kanneeru going on in Canada. Preview of whats going to happen in some hyped markets here....aka dallas @Sonu_Patel nuvve happy aega. Can’t agree more , USA is next 😅 Quote
A1startarak Posted July 18 Report Posted July 18 9 minutes ago, akkum_bakkum said: Then your memory or experience in Canada is short. It was pretty normal till 2019. Those 1.5 - 2 Mil homes in Brampton used to be 400-500k in 2016. Buying frenzy started during covid in late 2020 and continued on till mid 2023. Most of these homes are coming up for mortgage renewal now and many wont qualify with increased rates....almost 3 times higher than in 2021. I have invested a lot in Windsor, Sudbury, and Milton. Sold all portfolios last year looking at the craziness. Those prices are not coming back ever again. Good decision.you have bright future. I know few friends who are holding 1 Quote
psycopk Posted July 18 Author Report Posted July 18 26 minutes ago, akkum_bakkum said: 2023 lo ammi minga...ippudaithe bichamethukodame....raktha kanneeru going on in Canada. Preview of whats going to happen in some hyped markets here....aka dallas @Sonu_Patel nuvve happy aega. Sonu enjoying https://www.instagram.com/reel/DMQAO7DTW27/?igsh=aXVjbWNteWF1eHIx Quote
Spartan Posted July 18 Report Posted July 18 anduke buy in a locaiton where market price does not fall just because one home got sold for less price.. or if there is a mass impact on majority of the households in that location. ex: Mountainhouse lo all indians..almost it jobs meeda unnaru..... oka house assam..and layoffs trigger aite...area mottam bisket.. inverse lo... Mountainview lo teskunte...oka house takkuva ki podu...poina it will not impact other homes ...endukante a area alantidi. banks also cant manipulate there much.. 1 1 Quote
neneno1 Posted July 18 Report Posted July 18 2022 1.2M petti konna house ippudu sold for 1.25M daniki Enduku Antha hadavidi and bolkalo headlines. That’s nothing to conclude as bad situation Quote
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