FIRE SALE: GTA Homeowners Play the Short Game and LOSE $800,000

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  • Опубліковано 18 жов 2024
  • FIRE SALE: GTA Homeowners Play the Short Game and LOSE $800,000
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КОМЕНТАРІ • 35

  • @Joe-mz6dc
    @Joe-mz6dc 9 місяців тому +9

    Greed is fun, until you start losing money.

  • @john.a.gonsalves3731
    @john.a.gonsalves3731 9 місяців тому +4

    Its NOT a loss in value its a reality check......

  • @tomacml5741
    @tomacml5741 9 місяців тому +7

    Mortgage renewal in 2024 is peanut compared to 2025 and 2026. Collapse is just about to start 2024. Watch out for 2025 and 2026 is the mega mortgage renewal at a much higher mortgage cost. High Inflation persists well into 2024, high interest is here for a long time. Incoming long lasting pain is coming for many for sure!

    • @veronicadicerni2479
      @veronicadicerni2479 9 місяців тому

      Truth yo

    • @GreenBeanGreenBean
      @GreenBeanGreenBean 9 місяців тому

      don't hold your breath.......people were stress test qualified at 5.25% minimum..... which is basically where mortgage rates are at right now and rates will be coming down in time. It'll be another nothingburger as usual.

    • @PrimePropertiesTO
      @PrimePropertiesTO  9 місяців тому

      I respect the fight lol. But you can't convert bears lol

    • @veronicadicerni2479
      @veronicadicerni2479 9 місяців тому +1

      Can’t convert bulls either

    • @tomacml5741
      @tomacml5741 9 місяців тому

      Telling like it is, nothing for me to do here. LoL

  • @regentP4RK
    @regentP4RK 9 місяців тому +4

    Exact what happened to me :) couldn’t sell to make up for second mortgage construction loan. Surrendered my house to scotiabank, claimed bankruptcy . Lost all the money now I’m taking Ontario works my only income lol. Love my life .. :)

    • @PrimePropertiesTO
      @PrimePropertiesTO  9 місяців тому

      Sorry to hear

    • @リミ-e1q
      @リミ-e1q 9 місяців тому

      damn

    • @BellaBella-jw9ef
      @BellaBella-jw9ef 9 місяців тому +1

      Sorry to hear, but you are no longer a debt slave. Honestly, better in the long run.

    • @regentP4RK
      @regentP4RK 9 місяців тому

      @@BellaBella-jw9ef just for a cash job yesterday 27/hr. Going to screw the system as I’ve been robbed and screwed for being a Good Samaritan. Joining odsp as well because I got hit by a car last year. Need to recoup my money somehow.

    • @BellaBella-jw9ef
      @BellaBella-jw9ef 9 місяців тому

      @@regentP4RK I don’t know what odsp is, but most people have been screwed some time in their life. This system is rigged. If you are an honest guy in particular… A year from now everything will be different. Hold tight and move forward. Best of luck. I still think you dodged a bullet by going under sooner rather than later.

  • @hill4377
    @hill4377 9 місяців тому +3

    You may want to start an episode about the "Fall Market Rebound" lol......
    Reason why they talked about the $650 loss its because they nuked that cash in 12 months. The $800k one was for sale forever.

  • @BellaBella-jw9ef
    @BellaBella-jw9ef 9 місяців тому

    Spring…Hold my beer

  • @primeartifacts6467
    @primeartifacts6467 9 місяців тому +1

    GTA had become Las Vegas of RE. Too much speculating and get rich quick thinking led to all this

  • @blackgrandpa7652
    @blackgrandpa7652 9 місяців тому +2

    I live in Brampton i bought my house in 2012 and in 2026 it will be paid off sacrifices always leed to success yeah hah

    • @ronbonora7872
      @ronbonora7872 9 місяців тому

      bully for you mate! LOL

    • @PrimePropertiesTO
      @PrimePropertiesTO  9 місяців тому +1

      Congratulations

    • @veronicadicerni2479
      @veronicadicerni2479 9 місяців тому

      Different times. But you did well!

    • @oleksandrshyiatyi6826
      @oleksandrshyiatyi6826 9 місяців тому +1

      Good for you. But imagine you bought house in 2022 .....I don't think your sacrifice will be enough to pay morgage now, with economy we have today.😅

    • @rjkrjk8344
      @rjkrjk8344 9 місяців тому +2

      Same thing people said who bought in 1980. You can't compare the price gaps 😮

  • @robertguay3773
    @robertguay3773 9 місяців тому

    wow I was mad I lost $300 today

  • @rustythelegend2225
    @rustythelegend2225 9 місяців тому

    wow ur a good man

    • @Joe-mz6dc
      @Joe-mz6dc 9 місяців тому

      Does he donate a lot of money to charity or something? 🤔

    • @rustythelegend2225
      @rustythelegend2225 9 місяців тому

      @@Joe-mz6dc he makes regular and often donations to your moms ham locker...