Particularly the real estate agent every house he always overbids and these must be some MAJOR affluent areas. A piece *beep* house that needs to be gutted being sold for nearly a million. Or are Canadian buyers that big of suckers to pay full asking for a *beep* house?
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Toronto home prices are crazy high.
I once read an article in the Toronto Star about the "Million Dollar Downtown Home", and the place looked like an abandoned shack. But because of the favourable Toronto address, it really was valued at $1 000 000.
Crazy, I know, but that is how it is!
Exactly. It HAS to be the area because so many of these house are initially really UGLY and I cannot imagine paying five to eight hundred thousand for them unless they are in the best of areas.
It's also the way their currency is valued. I played a bar Canada a few times. Our agent, Reuben Kincaid kept contracting our pay in American dollars instead of Canadian. We'd always lose $200 when exchanging their Canadian dollars for U.S.
Cigarettes we're $8.50 a carton here, they were $18 in Canada. Same for a liter bottle of Jack Daniels or a case of beer. Everything is higher in Canada.
Reuben Kincaid! LOL LOL LOL!!! Are you Keith or Danny? Or Are you Laurie, Shirley, Or Chris? My age is coming through😬 Thanks for the chuckle!😃
shareNewsflash: housing prices vary from region to region and state to state. It's cute that you think that these houses are "overpriced," just because you most likely live in a good market area. When he says he's aiming for market price, he means it. He takes the price the home is listed at and goes from there. There's no "overbidding." I have never seen him go for the asking prices (usually under) unless he thought the house was priced appropriately or the house was in high demand and he didn't want to see them lose the house. Grow up.
One flew east, one flew west. One flew over the cuckoo's nest.
I agree. No state or Country is the same.
shareNewsflash: housing prices vary from region to region and state to state. It's cute that you think that these houses are "overpriced," just because you most likely live in a good market area.
I didn't say they were nice areas, at all, so I don't know what you're talking about. But you don't always get bang for your buck in Canada. Pretty cut and dry. Real estate is fickle.
One flew east, one flew west. One flew over the cuckoo's nest.
Well then I was wrong to think a 600K house was in an appealing area. It just boggles my mind that anyone would pay that to live in a crappy area.
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Is Rusty still in the Navy?
Cute? I live in NY where housing prices are super high and even there if you are paying 6K and up the walls are not falling down.
You make me laugh you act as though Toronto is some millionaire haven. Toronto isn't London, Moscow, Honk Kong, or NYC. So get over yourself and I've seen many shows where he says a house is under-priced wth. It's not his job to make sure the seller gets fair market value!! His job is to attempt to meet his clients needs at the best price possible. If this show is indicative of the general housing market of Canada you guys are in for a serious financial crisis. Bottom line if a housing market is flooded with house priced over their true value eventually that house of cards will fall. Guess what when the jobs market takes a hit whose going to be paying for this broke down fixer ups at a half a million?
shareAgreed. It also isn't Washington, DC. Hell, it isn't even Dubuque! I wouldn't pay that much to live in frackin' Toronto with peopled with what are apparently dumb, whiney Canadians. But then, Canadians are convinced that everything they have is SO much better than what we have in the United States. I even had one Canadian tell me their armed forces were better! What the what!?!
I'll get back to you after I've consulted with Satan.
you don't know jack *beep* about Canada...As if the 4th largest city in north America doesn't have millionaires...Whiney Canadians??? Yeah, like there isn't whiney americans out there...give your head a shake you moron
shareReal estate is a crazy thing. Where I live, $1,000,000 buys an 8000 square foot mansion on a 40 acre lot. In other parts of the country, it buys a 1600 square foot cookie cutter shack.
shareWhile it sucks that WE Canadians have to pay pretty high real estate prices, it may be because our borrowing rules and conditions didn't facilitate an epidemic of buyers utterly over-extending themselves to the point of having to abandon the 750k home they THOUGHT they could somehow afford with their 29K a year salary! I mean, do you need a degree in finance to have that riddle figured out BEFORE you sign for the mortgage? I'll take a balanced budget, free health care, and higher house prices over an economy held together with duct tape and a prayer lol.
shareIt would interesting to see how many of these buyers are still in these tiny, overpriced houses in a few years. But I guess, since Canada's economy is so much better, that won't happen, right? I mean you've cornered the market on common sense and living within your means, right? Because Canadians never, ever overextend, right? Canadians never get laid off or have to look for new jobs, never have a family emergency that requires unforeseen expenditures, I guess. Oh, and why is the wonderful Canadian dollar always, Always, worth less than the U.S. dollar?
Yes, we have our problems in the United States, but not everyone overspends on homes, and some of us do save and live within our means. We also try not to disparage an entire nation. But, hey, laugh all the way to the bank!
I'll get back to you after I've consulted with Satan.
We also try not to disparage an entire nation??? if that aint calling the kettle black lol... But its not like your economy completely collapsed in 2008 because of the mortgage crisis, yup that never happened. Also,according to you we are just some "whiney Canadians" ....yeah you don't disparage us at all lol
shareThe reason prices are so high there is because every lives 25 miles from the border. Canada may be a big place but there isn't a lot habitable areas. So its not surprising the market there is high.
shareSome of the shows are in the U.S. They travel around. I also have seen several episodes where the purchase price was between $140,000 and $250,000 so they're not all at the six figure mark.
shareThey paid $1800 to get a family a pool table, which was a huge waste of money, if you look around you can find pool tables in amazing condition for free on Craigslist where people just need them gone... seriously, paying $1800 for a pool table or a piano is just clueless, and they should know about these tools, because they're supposedly all about the savings... get a pool table for real cheap on craigslist, or the paper, and fix it up easy and save the couple that money on more important renovations.
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http://www.jmberman.com
Someone made a comment a few posts ago about previous owners:
Do you also happen to know why Canadians trash their houses if these are such nice areas? Wouldn't these areas bring in a higher class of people who don't ruin their homes?
My guess based on the interior décor and dated furniture, is that someone bought the house in the 1960's, raised a family there, and now after 40+ years it's time to move on to a nursing home. They just so happen to be lucky enough to have picked the right neighborhood when they bought the place years ago and now it's time to cash in. They probably didn't have the money or the energy in the last 15 years to continue fixing up the place so there is plenty of deferred maintenance. Now it's up to the new owners to right all the wrongs.
You clearly don't know much about real estate. It's all relevant to the cost of living and minimum wage. Most of these couples want to live right downtown (Why they would want this is beyond me), so the prices of homes are going to sky rocket just for location, and in turn they are sacrificing on the home. If they were to drive, let's say, 40 minutes away from downtown, they could get a beautiful mansion on a massive property for the same price. Major cities also plays a big role in the real estate prices. Downtown Toronto or Vancouver would easily cost close to a million for a crappy crack shack with no yard or parking. Fort McMurray, Alberta (where the big oil boom is and average wages are $50 an hour) has dumpy TRAILERS in trailer parks for $500,000. So again, it is all dependant on location, minimum wage and cost of living.
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