May Condo Sales in Barrie Plummet
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- Опубліковано 30 вер 2024
- Barrie Realtor Diane Neto with Sutton Group Incentive Realty, is an experienced real estate salesperson specializing in the Simcoe County area including Barrie, Innisfil, Essa and Springwater. Residential real estate and investment real estate are both areas of her expertise. Toronto property buyers are best to use a local agent to get the best value.
If your moving to the Simcoe County area I can help with all the relocation services you will require as well as securing you the perfect property within your budget. Protecting the buyer by making sure you are in a safe area for you and your family is my top priority.
If your making a move up or downsizing and need to sell, we will work together to get the most for your property.
I believe in taking care of my clients to make sure their real estate needs are met while maintaining high customer service.
Diane Neto
Real Estate Salesperson
Sutton Group Incentive Realty
Cell: 705-796-7225
Email: dianeneto13@gmail.com
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Look at the prices, no surprise, example LAKHouse , asking 1.990 million for units, what moron would pay those insane prices! Even if I had that kind of money I wouldn't pay that, and no one with that kind of money would pay those foolish prices ! Wealthy people don't waste their money
It’s going to get ugly. That’s no doubt.
Outright Asset deflation in the Real Estate sector is now inevitable.... despite a now high degree of obfuscation being implemented across Media/Banking/Financial system entities.
It's really simple.... and typical of all asset/bubble corrections....
once consumer 'sentiment' rolls over as it has ?
at a very minimum a consumer 'wait and see' period entrenches as "nothing to lose" into expected lower rate financing conditions concurrent to now well-known Mortgage renewal stresses upcoming...... which solidifies a self sustaining negative feedback loop of increasing supply/ever more constrained price discovery into eventual collapse/capitulation phase of the correction.
The 'store' of negative equity potential in Canadian Bank Loan portfolios is staggering.... compounded by limited BoC Monetary Policy rate relief trajectory vis-a-vi US Fed Policy let be the zero bound above the 2% inflation target into a resurgent cpi Inflation/debasement ?
This isn't even the top of the 2nd inning yet....
gonna get fugly !
It's going to be interesting!
The problem with condos is even in an insane housing market no one i repeat no one wants to pay mortgage plus condo fees which 9/10 times are wasted and not managed well. I would think some of them are stolen given how run down some buildings look with condo fees in the thousands for a 1 bedroom. its fucking extortion.
The condo fees are a big drawback and the condo market is always slower than the housing market.
Just before you said it out loud I was typing that Gateland Drive is going to be single lane nightmare once that's all built up. Nothing destroys and makes a community look cheap than when they won't account for the load of vehicles.
What I have said and I will say it again is that about 6 months ago we were showing the front end of a recession. Well everyone is on notice we are now entering a recession. This recession will be one for the ages. You will see things you can never imagine. You guys will be on the front line of all the madness. You will have stories into the future you will talk about for 20 years.
The house my parents bought in 1995 which they still have was sold many times in the 80s. Its last sale before the crap hit the fan was over 2 million dollars. They bought at the bottom of the market at 469k. The TD bank had it under power of sale and was bank bought. 33 acres estate property in Stouffville. The stories that will be made will be incredible.
I sold my first house in 1996 for a loss. Interest rates were 12% people were walking away from their houses. Difference is now there is CMHC which the government owns...game changer. We need housing and builders won't build and sell at a loss. The government will help them and keep the market stable. The government controls everything
@@dianeneto I wouldn’t be so sure of that. When people stop buying they stop buying. In China they have a communist government that can prop up anything they want. Over there prices at best are down 40%. By my account in Ontario 60% of the price of a house is speculative in nature. You remove the speculation and you remove the 60%. This will happen. It will be ugly. It may change Canada forever. I am extremely confident of this.