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Buying a condo (pg. 2)
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| 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. |
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| vickyvale |
Hhhmmm...you are totally makin me rethink buying a condo myself, Eric.
Ah crap. |
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| El Kay Dee |
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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| Vivid Boy |
| 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because in 9 years when we get out of the recession and begin the new condo cycle, these condos are gonna be considered outdated. who wants to live in a 10 yr old condo thats outdated when tridel is now throwing up these new trendy condos thus the 400g's u spent 9 years on ur condo ull never ever get back and is only worth 200 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, 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 ed now |
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| dance2dabeat |
| 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 :p
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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| Irish Graham |
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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| Vivid Boy |
| 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. |
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| Swamper |
| 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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| Vivid Boy |
| 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 |
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| torontotrncelvr |
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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| Swamper |
| quote: | Originally posted by torontotrncelvr
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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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| torontotrncelvr |
| 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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