Comments on: Buy now, or never http://www.greaterfool.ca/2009/09/22/buy-now-or-never/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 20:01:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason Jackson http://www.greaterfool.ca/2009/09/22/buy-now-or-never/comment-page-3/#comment-44078 Jason Jackson Fri, 25 Sep 2009 09:22:50 +0000 http://www.greaterfool.ca/?p=3531#comment-44078 A survey by the California Association of Realtors found that sales of California real estate have actually increased from the end of 2008 to the beginning of 2009. Survey respondents indicated that attractive prices and low mortgage rates were the leading factors motivating them to buy. The glut of bank-owned properties on the market has kept California’s housing inventory stocked, giving buyers many options. First-timers are leading the market spurred on by record low interest rates and the greatest affordability. Using the internet and area papers, you can soon get an idea of the market worth for different types of homes in the area. Identifying the right market & finding the best property holds the key to success. In fact there is a tool through which you can research, compare & identify best places to invest. Look into http://www.smartzip.com/s/sz/info/offer for more information. A survey by the California Association of Realtors found that sales of California real estate have actually increased from the end of 2008 to the beginning of 2009. Survey respondents indicated that attractive prices and low mortgage rates were the leading factors motivating them to buy. The glut of bank-owned properties on the market has kept California’s housing inventory stocked, giving buyers many options. First-timers are leading the market spurred on by record low interest rates and the greatest affordability. Using the internet and area papers, you can soon get an idea of the market worth for different types of homes in the area. Identifying the right market & finding the best property holds the key to success. In fact there is a tool through which you can research, compare & identify best places to invest. Look into http://www.smartzip.com/s/sz/info/offer for more information.

]]> By: Basil Fawlty http://www.greaterfool.ca/2009/09/22/buy-now-or-never/comment-page-3/#comment-44021 Basil Fawlty Fri, 25 Sep 2009 00:06:26 +0000 http://www.greaterfool.ca/?p=3531#comment-44021 "No it is not. You do not understand QE. — Garth" The attached article by Rodrigue Tremblay professor emeritus of economics at the University of Montreal, discusses QE and it is rather simple. The Fed prints money and lends it to client banks, right now at close to zero interest. Some of this money is invested by the banks in Treasury Bills, because they pay higher interest and the banks pocket the spread. There is much more to the story as his article well explains. www.thenewamericanempire.com/tremblay=1116 “No it is not. You do not understand QE. — Garth”
The attached article by Rodrigue Tremblay professor emeritus of economics at the University of Montreal, discusses QE and it is rather simple. The Fed prints money and lends it to client banks, right now at close to zero interest. Some of this money is invested by the banks in Treasury Bills, because they pay higher interest and the banks pocket the spread. There is much more to the story as his article well explains.
http://www.thenewamericanempire.com/tremblay=1116

]]> By: dave@oakville http://www.greaterfool.ca/2009/09/22/buy-now-or-never/comment-page-3/#comment-44011 dave@oakville Thu, 24 Sep 2009 22:53:20 +0000 http://www.greaterfool.ca/?p=3531#comment-44011 Not sure if was ever mentioned on this blog but Mattamy in Milton is facing a lot of angry owners who were recently hit with an additional $7888 closing cost fee due to an increased city development charge that the city had informed Mattamy of since 2008 and now plan to pass the charge onto the homeowners in closing fees. http://miltonsearch.com/blog/2009/09/10/uproar-in-milton-over-increased-development-charges-passed-on-by-mattamy/ I guess Mattamy had hoped the city would not impose these charges as they claim Halton has one of the most expensive development charges in North America. http://network.nationalpost.com/np/blogs/legalpost/archive/2009/08/12/farley-cast-doubt-on-halton-development-charges.aspx Actually I think other developers are in the same boat but are they passing along the bill to new homeowners in this manner or are they upfront about it or including it in the price? Not sure if was ever mentioned on this blog but Mattamy in Milton is facing a lot of angry owners who were recently hit with an additional $7888 closing cost fee due to an increased city development charge that the city had informed Mattamy of since 2008 and now plan to pass the charge onto the homeowners in closing fees.

http://miltonsearch.com/blog/2009/09/10/uproar-in-milton-over-increased-development-charges-passed-on-by-mattamy/

I guess Mattamy had hoped the city would not impose these charges as they claim Halton has one of the most expensive development charges in North America.

http://network.nationalpost.com/np/blogs/legalpost/archive/2009/08/12/farley-cast-doubt-on-halton-development-charges.aspx

Actually I think other developers are in the same boat but are they passing along the bill to new homeowners in this manner or are they upfront about it or including it in the price?

]]> By: leaside_girl http://www.greaterfool.ca/2009/09/22/buy-now-or-never/comment-page-3/#comment-44010 leaside_girl Thu, 24 Sep 2009 22:14:17 +0000 http://www.greaterfool.ca/?p=3531#comment-44010 Well i understand them. We are keep waiting and waiting for the buble to burst. Gess what. All of our friends are cashing in on the forst house and bought a second bigger in the last 2 years. Kids are going to private schools, vacations summer and winter and so on . Yes I am jelous. I am keep waiting for the burst to say ha I was smart to wait but at the end my familly will rent and live in the rented apartment for ever. I am sorry but I think you are wrong and not buying in thelast two or three years was our worst mistake. Well i understand them. We are keep waiting and waiting for the buble to burst. Gess what. All of our friends are cashing in on the forst house and bought a second bigger in the last 2 years. Kids are going to private schools, vacations summer and winter and so on .
Yes I am jelous. I am keep waiting for the burst to say ha I was smart to wait but at the end my familly will rent and live in the rented apartment for ever. I am sorry but I think you are wrong and not buying in thelast two or three years was our worst mistake.

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