A1startarak Posted July 18 Report Posted July 18 16 minutes ago, neneno1 said: 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 How much did you pay these 3years -minus that few areas might still hold like yours are exceptions ,but it’s downside mostly.Good thing you didn’t loose much Quote
psycopk Posted July 18 Author Report Posted July 18 48 minutes ago, neneno1 said: 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 1.7 m +3yrs payment +mental trauma… now sold for 1m Quote
ARYA Posted July 18 Report Posted July 18 3 minutes ago, psycopk said: 1.7 m +3yrs payment +mental trauma… now sold for 1m Hmm Quote
aratipandu Posted July 19 Report Posted July 19 4 hours 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. ma canada friends saying all covid purchase mortgages will come for renewal this yr and next yr...appudu music start avuddhi ani... ayna ee 5 yr renewal endhi anna? 30 yrs mortgages enduku undav me Canada lo? Quote
CanadianMalodu Posted July 19 Report Posted July 19 7 minutes ago, aratipandu said: ma canada friends saying all covid purchase mortgages will come for renewal this yr and next yr...appudu music start avuddhi ani... ayna ee 5 yr renewal endhi anna? 30 yrs mortgages enduku undav me Canada lo? That's true. second part ki reason US largest capital market. Mortgage backed securities ni saradaga ammutharu US lo, when compared to Canada, where it's very limited. So banks cut down on the uncertain risks, result 5 year renewals with 25 year amortization period unlike US banks that can risk enough to lock in for 30 years with the same rate. 1 Quote
Galactus Posted July 19 Report Posted July 19 lmao, I know that guy personally, been years since I last talked to him, good to see him doing well Quote
CanadianMalodu Posted July 20 Report Posted July 20 On 7/18/2025 at 5:24 PM, 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. Nah, 2019 kooda normal kaadhu. 2015 was when Harper started points based system, when I moved to Canada. Shortly after that Trudeau vachaka flood gates open ayyayi koncham, students and PRs meedha vache vallu. Year on year prices spike avtha vachayi appati nunche. There was a jump from 2015-2019 as well. COVID nunchi Quantitative easing valla +low interest rates valla, inka peddha jump vachindhi. Moodu cities talo dikku. How did you invest in all three cities? Where did you live then? Quote
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