Registered: Nov 2002
Location: Cambridge/TORONTO, ON
Buying a condo
Ok...so I am moving out of my apartment as of sept 1st...looking into buying a condo. I will have a roomate so I am looking for a good deal on a 2 bedroom.
Any help would be appreciated.
Thanks
___________________
"Like a song everlasting, time dances on."
"So while you struggle to catch the rhythm with your feet, ask yourself..can u really DANCE2MABEAT"
May-30-2006 03:40
Vivid Boy
TA's GodFather
Registered: Sep 2001
Location: T.O
heres my best advice kelly. since i follow the market and wrk in the industry.
DONT DO IT!!!!!!!!!!!!!!! WORST MISTAKE ULL EVER MAKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!UR GONNA GO BANKUPT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!
that is all. please dont take this post as joke neither
May-30-2006 03:47
vickyvale
Angelina
Registered: Feb 2003
Location: Brantford, ON, Canada
Yay Kelly! Come see me for mortgage..lol
But seriously..shop around!!! Don't just go to your bank cuz you've been there for so long...although that way (sometimes) it's easier to get an approval.
Good luck!!!
I know that wasn't MUCH help..lol..sorry.
___________________
Rapture tastes so sweet
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May-30-2006 03:48
dance2dabeat
Offical ProgSnob
Registered: Nov 2002
Location: Cambridge/TORONTO, ON
eric says to rent for another yar..before thinking of buying....
any thoughts anyone??
___________________
"Like a song everlasting, time dances on."
"So while you struggle to catch the rhythm with your feet, ask yourself..can u really DANCE2MABEAT"
May-30-2006 03:58
FunkyCrew
Ukranian Import
Registered: Feb 2006
Location: Soul Shakin'
need a roomie? condo is my dream
___________________
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May-30-2006 03:59
LKD
Omni-peasant
Registered: Aug 2001
Location: Its June 18th, 2005, I'm at the Skybar
Registered: Feb 2003
Location: Brantford, ON, Canada
quote:
Originally posted by dance2dabeat
eric says to rent for another yar..before thinking of buying....
any thoughts anyone??
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric??
___________________
Rapture tastes so sweet
Wanted by many, taken by none, looking at some, but waiting for one.
May-30-2006 04:01
LKD
Omni-peasant
Registered: Aug 2001
Location: Its June 18th, 2005, I'm at the Skybar
quote:
Originally posted by vickyvale
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric??
well theres a house and a condo...go in for a condo and ur gonna pay even after u pay off the mortgage....for all the different aspects...freehold house however, ur not gonna pay after mortgage is paid off
Registered: Jun 2005
Location: Doll-Dagga Buzz-Buzz Ziggety Zag
if u buy one, it better be on the deserted island
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May-30-2006 04:06
vickyvale
Angelina
Registered: Feb 2003
Location: Brantford, ON, Canada
quote:
Originally posted by El Kay Dee
well theres a house and a condo...go in for a condo and ur gonna pay even after u pay off the mortgage....for all the different aspects...freehold house however, ur not gonna pay after mortgage is paid off
You make a valid point, Liam. I don't think that Kelly is gonna live in a condo forever though. Owning a condo would be an excellent investment. I say go for that rather than renting another year.
My 0.02
___________________
Rapture tastes so sweet
Wanted by many, taken by none, looking at some, but waiting for one.
May-30-2006 04:08
Vivid Boy
TA's GodFather
Registered: Sep 2001
Location: T.O
quote:
Originally posted by vickyvale
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric??
beacsue the market is at its peak right now. its been in an inflatted bubble for the last 2 years and right now its abt to burst. unemployment is rasing, CPI is raising, and alot of focus now is out west. The market is gonna crash and we're going to be in a recession in the next 2 years. to buy a condo now when the market is at its peak is to throw away 200 g's. ull never recover the money u spent on your condo. EVER! the prices are riduculous now and condos don't retain their value. they depreicate as time goeson. theyre not like the housing market. leave the condos to the 70 yr old widowers who cant physically take care of a house anymore and have a fat ass bank account and not looking to make a buck. condos are not an investment. save ur money, the housing market is gonna crash soon too. thats when u buy.
+ right now condo fees are just as expensive as renting. ur gonna have to pay ur mortgage plus ur 600 dollar monthly condo fee that raises as the building gets older.
plus when the market crashes u will not be able to afford the jump from 3% intrest rates to 16%. the bank is just gonna end up owning ur condoand ull be out on the street drinking puddles
Last edited by Vivid Boy on May-30-2006 at 04:15
May-30-2006 04:08
dance2dabeat
Offical ProgSnob
Registered: Nov 2002
Location: Cambridge/TORONTO, ON
faaackkkkk
___________________
"Like a song everlasting, time dances on."
"So while you struggle to catch the rhythm with your feet, ask yourself..can u really DANCE2MABEAT"