Comments on: How we failed

By: Wealthy Renter

Wealthy Renter — Tue, 16 Dec 2008 01:16:43 +0000

“Any other Toronto insights would be great”

The prices in Central Etobocoke are still sky high, with a decent home running $600 to $800K. Homes in more exclusive areas run $1 to $3 million

Prices are easily up 15% from last year. This area appears to be its own island. I don’t quite get it since this area is not as exclusive (and much more middle class in sensibilities) when compared some areas in the core. I suppose buyers are attracted to the quiet living. With the exception of the East and West Mall areas, central Etobicoke has a very small population density, almost small “townish” for lack of a better word. It is very expensive.

By: Meo

Meo — Mon, 15 Dec 2008 23:35:42 +0000

Beware of SQUIDDLY77.
He was commited to the Alberta Hospital for 7 years.
Part of his therapy was to get over his obsession with BRE-X, in which he lost his fortune and his family.
Squiddly77 is well documented. He can be googled.
Squiddly77 wishes a bust for Alberta and Canada.
Squiddly77 hates realtors, businessmen amd free entreprise – not to mention Liberals.
Squiddly77 is a typical Albertan separatist: anti-Canada and anti-Liberal.

By: POL-CAN

POL-CAN — Mon, 15 Dec 2008 22:09:37 +0000

#96 Mike B

I second your observations.

We are sitting in cash as well and are giving up on the search for a month or so. We are concentrating on High Park, Little Italy, Riverdale, Greek town, and the beaches. Yes there are still some sellers trying to get last year $$, but overall it has been treanding down.

By spring we should see an epidemic as more sellers clue in to the mess that the economy is in. Look for the prices to start going down at an ever increasing pace if the market does not pick up March/April. I do not see how it could.

Had 2 low ball offers refused in the last month but it is all good Just means that we can get more for the same $$ later….

By: vtj

vtj — Mon, 15 Dec 2008 21:21:36 +0000

#98: “If all the stupid 0 40 year stuff had never been introduced this “bubble” would never had occurred.”

That statement is misguided: many factors contributed to this bubble and to think otherwise is naive.

By: Calgary Rip off

Calgary Rip off — Mon, 15 Dec 2008 20:22:14 +0000

Hi Squidly:

You surfaced!!! I dont care if I embarass Calgarians. Their embarassment should be of the ridiculousness of the current situation. Has nothing to do with me.

Fear and being scared is a normal reaction and should be supported. Denying your fear leads to doing nothing, and in extreme conditions, death. Very very stupid to deny your feelings. Maybe I should just go buy some alcohol and then deny my feelings? Nah.

I like your views Squid. You should write for the Herald instead of Mario or Marty. They are the embarassment to the Herald. $180,000 as a median here’s a big thumbs up!!!

Chicken little is now in the driver’s seat with Mobil 1 0w40 for dangerous arctic conditions under the hood in Calgary.

If all the stupid 0 40 year stuff had never been introduced this “bubble” would never had occurred. Hopefully Calgary can recover from the last 5 years of this current mess.

Let my complaining and whining continue. Innocent buyers need to be aware of bubble prices.