tag:blogger.com,1999:blog-7123542260692860177.post1626061603118077819..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: ExtrapolationHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger200125tag:blogger.com,1999:blog-7123542260692860177.post-35699238770572205422013-05-08T22:46:37.124-07:002013-05-08T22:46:37.124-07:00It is prudent to sign over your assets before you ...It is prudent to sign over your assets before you die... Speaking of which I must do that will....dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-35785679049495981102013-05-08T21:37:23.082-07:002013-05-08T21:37:23.082-07:00re inheriting debt.
Wouldn't it be great if y...re inheriting debt.<br /><br />Wouldn't it be great if you could time your exit perfectly to have given all your assets to your heirs and then run up debt on all your credit cards.<br /><br />It would be like a final thank you to the bankscaveat emptorhttps://www.blogger.com/profile/15318994505715193523noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-53936108203489900842013-05-08T21:07:58.246-07:002013-05-08T21:07:58.246-07:00The recovery is scheduled in a couple of years.
&...The recovery is scheduled in a couple of years.<br /><br />"For the next few years "the mortgage market is going to be flat," he predicted. It will be "a couple of years until we see [the mortgage market] back to the 5-6% growth rate.”"<br /><br /><a href="http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2013/05/the-market-pulse-from-genworth.html" rel="nofollow">The Market Pulse from Genworth</a>koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-71580167721843071632013-05-08T21:07:50.495-07:002013-05-08T21:07:50.495-07:00Whole nother level of nonsense Leo.
I have no ide...Whole nother level of nonsense Leo.<br /><br />I have no idea. Metchosin has never been on my wish list. You can do your own research on the values though.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-74524392401868803722013-05-08T20:37:15.009-07:002013-05-08T20:37:15.009-07:00Totoro, would you say that historically speaking t...Totoro, would you say that historically speaking these two properties would be priced comparatively to each other? Or is this a recent phenomenon? That a completely refinished Oak Bay character home would be asking the same amount as a rural acreage with an older house on it?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-3347745336545997402013-05-08T20:22:07.462-07:002013-05-08T20:22:07.462-07:00Renting is paying for someone else's mortgage ...<i>Renting is paying for someone else's mortgage ... </i><br /><br />Just Jack, hope you're writing a book on RE investment. I'd buy it for the jokes.CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-89716077789012919142013-05-08T20:21:41.545-07:002013-05-08T20:21:41.545-07:00>> No right to an inheritance Leo - as it sh...>> No right to an inheritance Leo - as it should be imo.<br /><br />I believe that we need freedom and choice when it comes to our ice-cream.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-71743718489465102202013-05-08T20:06:17.468-07:002013-05-08T20:06:17.468-07:00No Kooz, that 70's crapper in the boonies is w...No Kooz, that 70's crapper in the boonies is way over priced!dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44888781800540010472013-05-08T19:54:29.935-07:002013-05-08T19:54:29.935-07:00I don't own a tractor so...I don't own a tractor so...Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44561180608879406442013-05-08T19:39:27.075-07:002013-05-08T19:39:27.075-07:00Which is the more desirable property?Which is the more desirable property?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-58351135712658643772013-05-08T19:24:28.903-07:002013-05-08T19:24:28.903-07:00Makes perfect sense to me.Makes perfect sense to me.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-1773289651491092552013-05-08T19:22:28.252-07:002013-05-08T19:22:28.252-07:00No right to an inheritance Leo - as it should be i...No right to an inheritance Leo - as it should be imo.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-50225365448642588922013-05-08T19:07:38.747-07:002013-05-08T19:07:38.747-07:00Does this make sense?
318191
318233Does this make sense?<br /><br /><a href="http://www.realtor.ca/propertyDetails.aspx?propertyId=12737396&PidKey=2013778999" rel="nofollow">318191</a><br /><br /><a href="http://www.realtor.ca/propertyDetails.aspx?propertyId=12742046&PidKey=-76908373" rel="nofollow">318233</a>koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-87267794312053379312013-05-08T18:35:16.092-07:002013-05-08T18:35:16.092-07:00>> no-one can leave you their debts as a spe...>> no-one can leave you their debts as a special inheritance bonus<br /><br />Debts are settled out of the estate before it is disbursed. So you can't inherit debt but you can certainly inherit nothing because of debt Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82273608680884624972013-05-08T18:23:35.363-07:002013-05-08T18:23:35.363-07:00>> talk to me when it's like this here
...>> talk to me when it's like this here<br /><br />At that point we can stop talking, because the crash will have already happened. Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-14762065062821608222013-05-08T18:01:35.234-07:002013-05-08T18:01:35.234-07:00Ummm.. no-one can leave you their debts as a speci...Ummm.. no-one can leave you their debts as a special inheritance bonus. In fact, they cannot even leave them to their spouse unless their spouse was a party to the debt to start with.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-27447370077786118292013-05-08T17:52:02.885-07:002013-05-08T17:52:02.885-07:00I wouldn't bet on seeing a wave of Baby Boomer...I wouldn't bet on seeing a wave of Baby Boomers beaching themselves on our shores in the next few years.<br /><br />Because most are already here. <br /><br />What do you think has been happening over the last decade? <br /><br />No sense in moving to the rain forest to hike the trails if you have to drag an oxygen tank behind you and your stroller keeps getting stuck in the mud. Moving here after 65 means all you have to look forward to is staring out the window during the monsoon season with a pack of razor blades laying on the table beside you.<br /><br />The Baby Boomers began moving here back in 2000 as they started turning 55. Most came here because they had some relatives in Victoria. A sister, brother, parents or children. Far different story when you're 65, then you only come to Victoria for the funerals.<br /><br />You must have noticed how the adds for new homes and condos has changed from come to Victoria for your retirement to adds pitching the young urban professional.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-53425182308558125382013-05-08T17:49:12.885-07:002013-05-08T17:49:12.885-07:00The angle I'm concerned about is the numerous ...The angle I'm concerned about is the numerous lenders (taxpayers) about to take a hit, as the debt-full Boomers are already croaking. <br /><br />Then again, deceased Boomers' debts and tax bills will end up partially having to be paid by their children. Esp if in business together. SJhttps://www.blogger.com/profile/11421821610882545660noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-45149211533530657682013-05-08T17:35:34.520-07:002013-05-08T17:35:34.520-07:00“MetLife Mature Market Institute, reports that Boo...“MetLife Mature Market Institute, reports that Boomers will inherit $8.4 trillion at 2009 levels. The median per person figure is $64,000; $2.4 trillion has already been received.”<br /><br />64,000 per Boomer ! They will be able to pay off their credit cards. Well, the ones who still have some coming.<br /><br />“Even parents who want to leave a bequest may be forced to revise their plans<br />based on fluctuations in the value of their assets. Potentially, some may exhaust their wealth<br />due to medical and long-term care costs. An anticipated inheritance may not materialize,<br />and if it does, recipients generally get the money when they are older and the amounts are<br />typically not life-changing.”<br /><br />Damn it gramps, I was counting on life-changing moola!SJhttps://www.blogger.com/profile/11421821610882545660noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-16208147554862307592013-05-08T17:19:56.886-07:002013-05-08T17:19:56.886-07:00Are you really thinking of all the angles on the b...Are you really thinking of all the angles on <a href="https://www.metlife.com/assets/cao/mmi/publications/highlights/mmi-wealth-transfer.pdf" rel="nofollow">the boomers?</a>dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-81382101603622336752013-05-08T17:19:42.403-07:002013-05-08T17:19:42.403-07:00Renting is paying for someone else's mortgage ...Renting is paying for someone else's mortgage is a statement used by real estate hucksters to sell an under performing asset to the financially illiterate. What the statement really means is that this property is really overpriced - but you being poor, desperate and with the IQ of a warm cantaloupe will buy it anyway. It isn't worth bothering to go into any great deal about the upcoming $15,000 roof repairs, $7,000 furnace or the windows that have lost their thermal seals so that you might as well be living in a tent in the Artic tundra come this November. Nope, much easier to say "at least you won't be paying someone else's mortgage"<br /><br /><br />I suppose it could be followed with: "you are paying for location" which means the house has rats, it's infested with carpenter ants, and we just finished rubbing out the chalk outlines of the last inhabitants.<br /><br />"The house will pay for itself" I suppose that means that after a dozen payments the house taps you on the shoulder and says "hey -this months on me"Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-66419977813348119532013-05-08T17:15:16.390-07:002013-05-08T17:15:16.390-07:00Toronto will look kind of post apocalyptic for a w...Toronto will look kind of post apocalyptic for a while. As the incomplete towers start to age and collect rust because the city doesn't have enough money to demolish them.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88854361152676671062013-05-08T17:12:58.176-07:002013-05-08T17:12:58.176-07:00I caught up on some articles above. This line is w...I caught up on some articles above. This line is worth repeating:<br /><br />“What is remarkable about the findings is that the highest debt levels occur in the 50-to-59 age group, where <b>unsecured debt is more than $84,000</b>. And one in three in the older age group still supports at least one dependent, and – if a home owner – <b>still carries a significant mortgage</b>, it says.” (emphasis added)<br /><br />The unsecured 84,000 doesn’t even include their significant mortgages! Boomers are one financially daft generation. Or, if enough survive to maintain a voting majority, maybe the spoon feeding can continue. Fat pensions and Fancy Feast for all. Genius!SJhttps://www.blogger.com/profile/11421821610882545660noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-59746336558322299232013-05-08T17:04:43.919-07:002013-05-08T17:04:43.919-07:00talk to me when it's like this here... "F...talk to me when it's like this here... "Foreclosure-related sales made up 21 percent of all U.S. sales in 2012 and short sales, when the home is sold for less than the value of the mortgage, made up 22 percent, according to a new report from RealtyTrac. Add it up and 43 percent of all 2012 sales were of distressed properties."dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-72709020158048030342013-05-08T16:59:56.124-07:002013-05-08T16:59:56.124-07:00I wonder if they'll fire Benjamin Tal. He is ...I wonder if they'll fire Benjamin Tal. He is terrible at his job.<br /><br />"Mr. Tal says if the majority of investors have 20% down — something he believes to be true — there will not be a mass exodus from the market."<br /><br />Yeah, amateur investors will remain calm while all of their savings get wiped away.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.com