Christine @Christine_2088 Twitter profile

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Christine

@Christine_2088

7 months

I'm not going to lie I'm totally rooting for the most massive, largest, painful, RE correction in history for the simple reason that Canada will be affordable again and my children can own a home with a family and have the same opportunity I did. Con't........

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Christine

@Christine_2088

8 months

How's everyone feeling after receiving their mortgage update for what was paid in 2023 (Just to clarify this is not my mortgage I wouldn't be able to sleep at night!):

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Christine

@Christine_2088

1 year

R.I.P. Canadian housing market. Going to look like the weed stock graphs soon.

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Christine

@Christine_2088

5 months

@Christy4Change Does a sudden urge for a bowel movement count?

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Christine

@Christine_2088

7 months

If that doesn't happen we are fortunate enough to have three citizenships and access to 30 countries and they will move on to better opportunities and I won't allow them to live here just to survive.

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Christine

@Christine_2088

2 years

@JohnPasalis Of course we are going to sell a TON of distressed sellers in 2023, but it's not going to happen five minutes after the last rate hike. It will bleed into 2024++ People don't throw in the towel after a month or two. Housing prices in USA peaked in 2007, fire sale in 2011/12.

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Christine

@Christine_2088

1 year

@ShaziGoalie I'm secretly rooting on a major collapse/RESET in Canada which I believe is coming. Without this, Canada is not a place to reside IMO. My kids will not do everything right to get educated and work hard, only to be set up for failure for a system who has catered to fraud/scams.

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Christine

@Christine_2088

1 year

@KingKong9888 70-80% is not possible in our two biggest cities. Maybe in some other pockets would take mass foreclosures and high unemployment/emigration. And I believe Vegas already crapped its pants over this prediction - are these just guesses? Based on?

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Christine

@Christine_2088

8 months

The saddest part about this is they are now trapped. The house has depreciated quite extensively since 2022 and fees to sell on homes this high are substantial. This is a repeater of what happened to homeowners in the GFC. Lets home the outcome is better for the country.

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Christine

@Christine_2088

9 months

@cduhaime Phew 😮‍💨 finally a safe fentanyl for our children. Thank you Trudeau.

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Christine

@Christine_2088

5 months

@6ixbuzztv Some fentanyl dealer from overseas will scoop it up with the help of TD bank.

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Christine

@Christine_2088

1 year

@ShaziGoalie The 2nd HUGE red flag here is two cars @ $1500/mo. Again, who makes these poor financial decisions?? These expenses are WAY OUT OF BAT that's almost as much as the mortgage payment. The phone bill IS as much as the mortgage payment. Very poor choices.

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Christine

@Christine_2088

1 year

@Smarter_RE I'll roll the dice. There's about a 99.9999999% chance it's going in one obvious direction - down. About 200 red flags plus rates hikes take 12-18 months to work through the system. Only been three weeks since last rate hike. Buying now is financial suicide. HOLD.

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Christine

@Christine_2088

1 year

@mark_slapinski September 15th article:

The Drug Bust of Justin Trudeau in India which Ottawa is probably hiding

Canadian Prime Minister Justin Trudeau has returned to Canada from India, and his return has been eventful.

tfiglobalnews.com

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Christine

@Christine_2088

7 months

@JonFlynnREstats I just took the 1 year GIC @ 5.75% last September and I also get almost 8% dividends on stocks that are low risk and cashable at any time. People are nuts investing in RE in Canada besides a home to live in - and for that I would rent until 2026/27 when all mortgages renew.

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Christine

@Christine_2088

1 year

@wearpepper No one is going to buy this because no one admits to having small boobs. Even when you have small boobs you always buy at least one size up. Life is better that way. Best to market this to girls with high boobs instead.

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Christine

@Christine_2088

9 months

@nasmadotali Very shocking that people are willing to put close to $1M on the line plus their credit score, etc. for the sole intention of ripping off a hard working Canadians hoarding places that people need to live. I don't have much sympathy for them now.

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Christine

@Christine_2088

8 months

@ManyBeenRinsed Another car going to be abandoned at Pearson.

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Christine

@Christine_2088

1 year

@JohnPasalis Also odd how countries like Malta that only allow you to buy one property are not in any trouble today. Maybe, just maybe.... if we didn't allow money laundering, massive ponzi & greasing buddy schemes to run rampant throughout our major cities we wouldn't be facing a collapse.

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Christine

@Christine_2088

1 year

@ShaziGoalie Imagine paying over half a million for a dump that looks like it's going to fall over and bringing your friends and family for a house warming party asking "So, what do you think about our family home?"

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Christine

@Christine_2088

2 years

@VinceGaetano OPPS!! Ungrateful KIDS....... and GRANDKIDS.

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Christine

@Christine_2088

8 months

@therealhebrahim Lucky he has a place to run to.... Mexico is starting to get expensive from all the Canadians fleeing. The peso is getting stronger by the day against the Canadian dollar.

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Christine

@Christine_2088

1 year

@ShaziGoalie @jasongofficial @Mill_Moron It's a black widow home. Sucked the life out of it using it for cash advances/refi's each time the bank appraised the value higher. Lived the good life for 25 years barely working a job & now it's time to let the bank get rinsed. High time outta Canada. Many more to come.

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Christine

@Christine_2088

7 months

@DigAdvice @crazyclipsonly My palms were sweating while watching this one.

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Christine

@Christine_2088

8 months

@jiddy203 Prices will continue to fall as 70% of mortgages have to renew by the end of 2025 and people can't carry increased payments from under 2% interest originally. Buying now absolute worst time. Rates are at their highest expected to soften up a bit in the near future. Wait.

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Christine

@Christine_2088

8 months

@ManyBeenRinsed Yup. By 2040.... $8M. 2050.... $64M. Average Canadian wage still at $60K/yr though.

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Christine

@Christine_2088

1 year

@ShaziGoalie So odd that this ponzi has consequences. Who would have knew this would be the end result? Investors not making a career off renting? Preposterous.... Enjoy Canada everyone who bid 1.7M for a townhouse. A "Shell" of what a good country once was. More tents going up.

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Christine

@Christine_2088

1 year

@JonFlynnREstats Not feeling sorry for them any longer. They are a big part of the reason young, educated, financially responsible, hard working people trying to start a family could not enter into home ownership past few years. Flippers got rewarded with extended amorts.

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Christine

@Christine_2088

6 months

@ShaziGoalie No one is even talking about the ramifications this has on mental health. Feeling like a failure yourself (& esp. for family) because you live in a system designed to keep you poor can be very taxing. I wonder if you can go get some help through our healthcare system?

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Christine

@Christine_2088

7 months

@iseedebtpeople @ManyBeenRinsed LOL most hilarious nonsense I've read. I know facts and only 1/3 is paid off liar.

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Christine

@Christine_2088

2 years

@d_demelis I guess I'm old school but taking on a $900K+ mortgage with ANY rate would scare me to death. Much rather live below my means as I did my entire life. I was living in a $50K condo when I could've gotten a big house for $300K. When I finally bought the $300K house, I paid cash!!

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Christine

@Christine_2088

5 months

@ShaziGoalie He’s going to have to start over. Good news he’s 23. That’s about all the good news here. Sad. Some realtor probably rolled him. Happened to me in my 20s as well not near as bad. They sniff out the naive when you’re young and lack RE and life experience.

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Christine

@Christine_2088

5 months

@JonFlynnREstats 💩 Country can’t do anything right. People still hoarding homes with dirty foreign money keeping them vacant while the rest are on the verge of being homeless or so stressed out working three jobs to make monthly living expenses.

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Christine

@Christine_2088

7 months

@dajalwala You're what's wrong with Canada. So you're admitting the bubble will pop? Smart kids like mine will be in post secondary in Denmark where they pay them to go to school. Dream on your tenants loser!!!

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Christine

@Christine_2088

2 years

@EnronChairman Well, well, well. Attention all mental health sufferers: There are some very good viable options out there as seen here. Just need to be a 'go getter' & willing to take some risk.

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Christine

@Christine_2088

11 months

@JonFlynnREstats I think they should make like UK and wipe out the buyers commission all together. Why is it there? That would be a meaningful change.

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Christine

@Christine_2088

2 years

@Bratt_world @MarketManiaCa It means if you started out your mortgage with 25 years, the rates went up substantially and now your life span of your mortgage is going up. So unless you increase your payment to cover the additional interest owed, you will now be paying for 30+++++ years instead of 25.

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Christine

@Christine_2088

8 months

If the interest rate stays the same for 63 years & 8 months, this house will cost $5,276,092.32 plus what they already paid for 1.5 years approx. another $100K or so. WOWZERS!!! Those are shocking numbers!!

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Christine

@Christine_2088

2 years

@nasmadotali Your posts back in Feb/March assisted me in forming a solid decision of selling my home which I never base on Twitter obviously - but I owe you a big Thank You (and probably some commission LOL). You do much more good on here so to heck with them!!!

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Christine

@Christine_2088

5 months

@rya_tay Yup. I’m spending a 2nd summer travelling to other countries to check out potential places to move near future. Canada has nothing left to stay for. Used to be safety, education and healthcare. Gone.

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Christine

@Christine_2088

1 year

@truedevonthomps It's literally impossible to afford Canada on a single income with kids unless one person is north of at least $150K/year nowadays and still struggle. Most people don't make that wage. This country is nothing but a shell of what it used to be. Go elsewhere for a better future.

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Christine

@Christine_2088

1 year

@geoeconomic10 Lucky for me I was busy watching "ice cream, so good" instead so I ended up with a freezer full of frozen yogurt instead of a 1.2M mortgage.

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Christine

@Christine_2088

1 year

@Tablesalt13 A flush like this could mean bankruptcy for an individual but in Canada, they probably have three more to keep the ponzi rolling. Sell one, pay debt on the others, and so forth.

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Christine

@Christine_2088

9 months

@ShaziGoalie Do what everyone else is doing. Borrow as much as humanly possible against your over bloated, artificially ballooned asset (otherwise known as your house) and leave your car at Pearson on the way out.

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Christine

@Christine_2088

1 year

@ShaziGoalie Crooks got rewarded with negative and extended 90+ amortizations. Have to make sure the ponzi stays propped up so young, educated, responsible, hard working guys like this can't ever buy. Welcome to Canada.

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Christine

@Christine_2088

6 months

@ShaziGoalie People still getting slaughtered by the oldest trick in the book. Now they are likely spending more than their budget and will have HUGE regrets after paying the mortgage for a while as the price of their asset deflates.

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Christine

@Christine_2088

8 months

@ALinthelibrary We don't write off interest in Canada. Only in USA.

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Christine

@Christine_2088

1 year

@Tablesalt13 Stop posting this my condo behind the tents is pushing $1.4M this could hurt my resale value.

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Christine

@Christine_2088

2 years

@DecadeInvestor TIMBER on the housing prices. Just wait. More defaults incoming. It's a slow process will happen over years not months. Housing peaked in 2006 in USA, FIRE sale was 2011 or so.

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Christine

@Christine_2088

1 year

@ManyBeenRinsed He forgot to post his phone number for potential clients.

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Christine

@Christine_2088

1 year

@ShaziGoalie It’s so shocking that anyone would pay almost 3/4M for a house that looks like this in London Ont.

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Christine

@Christine_2088

6 months

@JonFlynnREstats The rate hikes are doing their job. Mirroring USA after the crash, speculators were wiped out and so housing comes back to people for living in. Problem solved on housing shortage. It's a good thing!!

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Christine

@Christine_2088

1 year

@rob_siglio At the end of the day, the only ratio that we needed to focus on is - are AFTER TAX wages in Canada able to support $1M mortgages at these rates? The answer is clearly NO. The rest will make history.

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Christine

@Christine_2088

2 years

@jesse_kleine Nothing to worry about. Let me shuffle some immigrants to Willoughby, Langley. That should take care of the issue.

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Christine

@Christine_2088

1 year

@mijhailjmd My mom had a gun put to her in 1968 (age 16) during the Russian invasion of Czechoslovakia while she was trying to access an office in Prague for paperwork to leave to Canada after her parents escaped to Toronto. True story.

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Christine

@Christine_2088

10 months

@SteveSaretsky Meh, hard pass. I'll take the amazing upcoming deals in fall of 2024 where I don't have to get my hands dirty. There will be tons available (no rush whatsoever) with all the upcoming renewals at 6/7/8% interest.

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Christine

@Christine_2088

1 year

@SabrinaMaddeaux Sad. I had spinal surgery at Toronto Sick Children's hospital when I was young. Can't imagine jeopardizing my child's growth/well being putting them in danger on a wait list for a surgery that could paralyze them (like mine could). I would opt to leave the country instead.

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Christine

@Christine_2088

6 months

@TdLeaker All Canadians do this put the tires on in USA and drive them home without declaring. I was at the tire shop in a border city not that long ago and they told me they are full of Canadians. Prices are getting worse in USA lately but still always beats Canada!

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Christine

@Christine_2088

9 months

@jasongofficial Welp, looks like the average wage in Canada is STILL around $60k/year. That's the only data I need to look at to see what direction housing will go. We might be fresh outta Canadians that can carry $7K/mo. mortgage for 90+ years with a huge down payment. Weird.

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Christine

@Christine_2088

6 months

@mortimer_1 Odd. Who would've saw this coming back when people paid $300K over ask?

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Christine

@Christine_2088

9 months

@JonFlynnREstats Anyone paying almost $1M for a semi in Niagara Falls Canada should have their brain examined. $665K still too high. Speculators getting wiped out exactly like in USA during the GFC. When it reaches $300-$400K the country will be healthy again in RE.

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Christine

@Christine_2088

8 months

@goodkarma4344 Royal Lepage 2022 Forecast: "Royal LePage is forecasting that the aggregate price of a home in Canada will increase 15.0 per cent in the fourth quarter of 2022, compared to the same quarter last year. The previous forecast, released in December, 2021, has been revised upward"

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Christine

@Christine_2088

2 years

@d_demelis $1M price tag for $3K/mo rent. SMH. I could easily buy four properties in a decent area in USA for this cash and rent them for $2K each. Brutal. No where to run except Finance 101 class.

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Christine

@Christine_2088

1 year

@geoeconomic10 Best advice I've seen on Twitter. Just STAY AWAY. The cycle hasn't even started yet. 12-18 months for rates to work through the system and that STARTS fresh with each raise hike. So we are about two weeks in pending further rate hikes.

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Christine

@Christine_2088

1 year

@0WLTrader Go try to sell your home and you'll get the answer.

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Christine

@Christine_2088

1 year

@JonFlynnREstats Country resetting itself. Still a long way to go. People finally realizing that average wage of $62,119 in Canada doesn't line up with $1.4M regular looking homes with $7K monthly mortgages @ 7.5%. It was a hard mentality to break. B of C finally seems to have done it.

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Christine

@Christine_2088

2 years

@MaxDemian36 @FrankfortReport Yada, yada, yada inflation. Everything is tanking and will continue to be volatile. Even holding money with zero interest will be a win by late 2023. May as well get 4.5% on it.

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Christine

@Christine_2088

1 year

@rob_siglio World's biggest housing bubble about to POP. Should've already happened alongside UK but banks and government were determined to reel in a ton more hard working citizens and immigrants by extending amorts, hence delaying he inevitable.

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Christine

@Christine_2088

1 year

Fast forward to 2025 home buying. Buyer: So, this home is listed for $700K? Realtor: Yes, it is. Can you believe in 2022 it sold for $1.5M? *Everyone laughs*. Buyer: Can I see the other 10 properties in this area same price point before I put in an offer?

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Christine

@Christine_2088

1 year

@ManyBeenRinsed I had a realtor try to bully me in upping my offer saying I was dead in the water against others. I said, Nah, I'm good..... and got the condo. True story.

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Christine

@Christine_2088

2 years

@6ixbuzztv LOL. Silly geese. When I was told I had to do my passports through the mail during covid (wouldn't allow an appointment) I just drove to another city. Had them in 10 days.

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Christine

@Christine_2088

2 years

@JohnPasalis Didn't see this coming. What a total shocker.

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Christine

@Christine_2088

2 years

@ManyBeenRinsed I hope that after this crash Real Estate prices don't come back up for at least 80+ years like Japan so we can get it out of our heads that this isn't a 'job' option to buy overpriced 2X4's, rent and then flip for profit. What a joke of a country.

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Christine

@Christine_2088

11 months

@JonFlynnREstats This will also happen in Alberta soon. People need to realize buying ANYWHERE during a massive 20+ yr bubble is dangerous. The end of the ponzi unfortunately mostly naive and innocent people are going to hold the bags from inexperience.

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Christine

@Christine_2088

1 year

Fast forward to 2025 home buying. Buyer: So, this home is listed for $700K? Realtor: Yes, it is. Can you believe in 2022 it sold for $1.5M? *Everyone laughs*. Buyer: Can I see the other 10 properties in this area same price point before I put in an offer?

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Christine

@Christine_2088

2 years

@PeterofRecord I really loved my CAD money until it got so pathetically devalued that I had to say goodbye. See you in Florida where a casear salad is still $6.99 and not $43.99 (without chicken). Goodbye Canada. It's been nice knowing ya!!

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Christine

@Christine_2088

1 year

@goodkarma4344 That a boy!! Keep the FOMO nice and juicy!! We got plenty of buyers with $1.5M in the bank for a 1940s shack.

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Christine

@Christine_2088

9 months

@ShaziGoalie I was waiting for his nose to start growing during this speech.

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Christine

@Christine_2088

1 year

@geoeconomic10 Looks like we have a deadline of Dec. 31/23 (bank said on phone) to get your lump sum payment maybe $50K or so plus your monthly of $7K or so - on a house that is massively underwater in value just to get it back down to 25 amort and continue the 'rinsing'. GLTA.

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Christine

@Christine_2088

5 months

@Tablesalt13 I'm not sure it ever made sense to predict rate cuts before the 18-24 months it actually takes for them to work through the system. 18 months would be start of 2025 last hike was July 2023. That sounds about right to me all along - 2025. Everyone was drinking the kool aid.

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Christine

@Christine_2088

6 months

@daniel_foch The reckless decision of rapid, mass immigration will affect this country for many years to come - & not for the better. Young people no longer want children. Birth rate lowest ever. People also choosing to move elsewhere due to the record speed drop in quality of life.

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Christine

@Christine_2088

1 year

@ShaziGoalie Also odd how countries like Malta that only allow you to buy one property are not in any trouble today. Maybe, just maybe.... if we didn't allow money laundering, massive ponzi & greasing buddy schemes to run rampant throughout our major cities we wouldn't be facing a collapse.

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Christine

@Christine_2088

2 years

@ManyBeenRinsed @RamyBhatia I am forcing my kids to take finance classes. My kids will not be robbed by a system designed to keep you broke. I'll be shocked if they decide to stay in Canada since they are also American and I am just getting them EU/Czech passports through my mom by year end.

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Christine

@Christine_2088

1 year

@JohnPasalis House sales will remain low unless prices become affordable. No one wants to move either - $75k in fees to relocate don’t make sense - may as well just stay put. Wonderful outcome here well deserved for a Country that does nothing to protect its citizens. Bravo!!!!

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Christine

@Christine_2088

1 year

@rohanarezel Only reason a H1 visa holder would leave USA and come to Canada is if USA kicks them out.

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Christine

@Christine_2088

8 months

@DanielVyner Paying close to $2M for a regular looking home was never a good idea no matter what the rate was.

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Christine

@Christine_2088

2 years

@Fiat_iceberg I did. And I drowned instead of sunk.

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Christine

@Christine_2088

1 year

@ShaziGoalie Enjoy the fun this brings buying in Toronto. I bought in Michigan in 2011 and they told me to put more money on top of my offer or else I would lose. I said, Nahhhh, I'm good. Got the house. I'll choose elsewhere for a fraction. Nothing special about Toronto anyhow.

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Christine

@Christine_2088

11 months

@Darinb75

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Christine

@Christine_2088

8 months

@TrashheapThe Someone I know. Obviously can't share those details but I thought this might be educational for some people who do not understand how mortgages work and the very real risks associated with taking on too much debt in this country and choosing variable over fixed.

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Christine

@Christine_2088

1 year

Housing Crisis is coming for Canada and it will likely end the country

Once upon a time, Canada was the place to be, a dream come true. But you know how dreams sometimes sour? Well, that’s what’s happened with Canada. Welcome to a country where every corner seems to...

tfiglobalnews.com

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Christine

@Christine_2088

1 year

@ShaziGoalie Going to have to dump some of these huge expenses like day care watch the 2nd child while you are on maternity leave. Otherwise, consolidate all the little things into one payment and cut up the credit cards for goodness sake. Good income, bad financial choices.

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Christine

@Christine_2088

1 year

@Tablesalt13 Doesn't take a genuis to see there is zero value in living in Canada if you are starting out life looking for the Canadian dream. Living paycheck to paycheck is not acceptable for young, educated, ambitious kids. Taxed to death, paying top $$ and poor healthcare not attractive!

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Christine

@Christine_2088

1 year

I've ran into a few Canadians fleeing to Mexico. You know shit is bad here when that is going on. Looks like taking chances with the cartels and ending up in a dumpster or cau;dron is less of a risk to your health than wait times here in the ER.

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Christine

@Christine_2088

1 year

@forevaeva79 For goodness sake - people make mistakes & tons of employees misinform people nowadays. I often double check information because I no longer trust what I'm told. Traveling can be stressful. I'm surprised about the amount of comments bashing here.

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Christine

@Christine_2088

2 years

@jesse_kleine Not a chance. That graph literally shows nothing of substance. Jesse - OFF the shrooms right now!! No amount of hopium is going to save Canadian Real Estate in 2023 or 2024 for that matter. Just accept that affordability has to return in order for Canada to get healthy again

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Christine

@Christine_2088

1 year

@ShaziGoalie My advice is do NOT sell the home, WTF are you thinking?? Sell the phones and cars and buy cheap used replacements then you are ahead $3500/mo.

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Christine

@Christine_2088

5 months

@BcarmB Hurry!! So you can join them in worst mortgage interest pain since the 90s. Don't wait because Royal Lepage predicts market is going to heat up next few minutes.

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Christine

@Christine_2088

1 year

The government and banks are fresh out of tricks from their rabbit hat of 90+ years amorts and interest only payments rewarding the financially irresponsible speculators. It's GO time. Max pain incoming.

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Christine

@Christine_2088

5 months

@JonFlynnREstats Want me to stop by for some fake showings? I'll look at all six get your sellers excited.

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