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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Buying a condo
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Engine9
Loin King



Registered: Jun 2004
Location: Planet earth, tdot central

why would condos deprecate in value? Its still property

buy it for sure, I cant wait to finish school and get my hands on a nice condo.

Get one with a swimming pool, gym, pool table that way u can have all these things a couple floors down.


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Old Post May-30-2006 04:16  Ukraine
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vickyvale
Angelina



Registered: Feb 2003
Location: Brantford, ON, Canada

Hhhmmm...you are totally makin me rethink buying a condo myself, Eric.

Ah crap.


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Old Post May-30-2006 04:17  Canada
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LKD
Omni-peasant



Registered: Aug 2001
Location: Its June 18th, 2005, I'm at the Skybar

ive heard alot of condo horror stories

like couples with 2 y/o kids get warnings all the time cos the kids are running aroudn and the neighbors below are disturbed even at 7pm.....loud music can cause trouble with neighbors too...etc etc

as eric said...unless u 70+, u may wanna stay away from a condo unless its some yuppy hood condo which u def dont wanna pay that much for


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Old Post May-30-2006 04:20  United Arab Emirates
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Vivid Boy
TA's GodFather



Registered: Sep 2001
Location: T.O

quote:
Originally posted by Engine9
why would condos deprecate in value? Its still property

buy it for sure, I cant wait to finish school and get my hands on a nice condo.

Get one with a swimming pool, gym, pool table that way u can have all these things a couple floors down.


because in 9 years when we get out of the recession and begin the new condo cycle, these condos are gonna be considered outdated. who wants to live in a 10 yr old condo thats outdated when tridel is now throwing up these new trendy condos thus the 400g's u spent 9 years on ur condo ull never ever get back and is only worth 200 <--- if that



the time to make money off of condos is over, fuck they even passed a law so u couldnt take advantage of that market trend last year lol. now when u buy a condo u have to live in it for a year i think. so many ppl were buying the condos before they were being built for 300 g's then selling them for 400 g's after construction when it was sold out and consumers were looking for a condo. we're toolate for the condo phase, anyone looking to get in is only goona get fucked now

Last edited by Vivid Boy on May-30-2006 at 04:26

Old Post May-30-2006 04:20 
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dance2dabeat
Offical ProgSnob



Registered: Nov 2002
Location: Cambridge/TORONTO, ON

quote:
Originally posted by vickyvale
Hhhmmm...you are totally makin me rethink buying a condo myself, Eric.

Ah crap.


yeah he's good for ruining things

Just kidding eric...love u lots and I do take your advise more than u think ok???

I dunno..I'll have to look into it more


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Old Post May-30-2006 04:21  Portugal
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Irish Graham
up the ra!



Registered: Feb 2004
Location: Cricklewood

All I gotta say condo fees plus property tax, please take that also into consideration.

Sorry to womp with the cons.


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Old Post May-30-2006 04:23  Ireland
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Vivid Boy
TA's GodFather



Registered: Sep 2001
Location: T.O

quote:
Originally posted by vickyvale
Hhhmmm...you are totally makin me rethink buying a condo myself, Eric.

Ah crap.


i wanted a condo too at one point.....i guess if u alot of money and are not worried abt losing it. and buying a home doesnot = an investment in ur eyes then a condo is the way to go.

but if u want to be smart with ur cash, buy a house and wait till the market crashes which should be in a year or so


even if u bought a house today with these outrageous prices u can still get ur money back and even make $$$ ud just have to wait 15-20 years.

Old Post May-30-2006 04:23 
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Swamper
Webmonstah



Registered: Jan 2000
Location: Toronto, Canada

quote:
Originally posted by Engine9
Get one with a swimming pool, gym, pool table that way u can have all these things a couple floors down.


All that junk just means higher maintenance fees.. I'd rather save that $ and join a real gym


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Old Post May-30-2006 04:27  Canada
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Vivid Boy
TA's GodFather



Registered: Sep 2001
Location: T.O

quote:
Originally posted by Swamper
All that junk just means higher maintenance fees.. I'd rather save that $ and join a real gym



or supercharge ur vtech

Old Post May-30-2006 04:29 
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torontotrncelvr
Senior tranceaddict



Registered: Dec 2002
Location: toronto, canada

its late and all I want to say that I am a licensed real estate agent and I do not agree with all that has been said up to now. There are stll a lot of good condos to buy, and yes a lot of terrible condos to buy. The factors show no slowing down of the Toronto housing/condo market. Agreed, there are a ton of condo's going up, and a lot of bad investments, but there are also still good investments. All the details cannot possibly be conveyed in ths forum, and you can feel free to contact me via PM for more info. I would be happy to get togther for a coffee and discuss any questions you may have.

Michael


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Old Post May-30-2006 04:49  Canada
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Swamper
Webmonstah



Registered: Jan 2000
Location: Toronto, Canada

quote:
Originally posted by torontotrncelvr


haha you spamming bitch

btw, you've been working hard - I went to see a condo a few months ago (2nd day on the market) and your card was on the table from earlier in the day...


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Old Post May-30-2006 04:59  Canada
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torontotrncelvr
Senior tranceaddict



Registered: Dec 2002
Location: toronto, canada

you should have called me, I would have loved to show you some places. Let me know via pm if you bought yet.


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Old Post May-30-2006 05:16  Canada
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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Buying a condo
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