by HARM follow (0)
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Hey Surfer X -
congratulations, we all want to buy someday, I'm sure. As long as there are no other debts, and you didn't pay top dollar, that's fine. Money left for margaritas, mmm, that's gravy.
TO Lurker -
still here, busy at my website now and then, and on some courses, work life etc. My site is up there linked to my nickname - feel free to check it out. Anyway, I do know some people who bought recently in Vancouver - my sister paid over $500,000 for a 1 bedroom house in East Vancouver. Nice, but 1 bedroom!
And the madness apparently continues, because when she sold her townhouse, it went $60,000 over list.
Stop the madness in Western Canada.
Aside to Surfer X - I am actually waiting to buy myself - just want to see prices in Victoria reverse.
So every interest rate increase makes me a hopeful guy.
Peace.
If you ground them 30% from the 2005 price, all I can say is sweet!
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Due to privacy & security concerns, I am unable to show you an actual street-front photo of Surfer-X's used house, so a 6-year-old nephew obliged with an artist's conception:
Friends,
I attended Surfer-X's housewarming party last Saturday, and I'm sorry to say he is but a shell of his former self. His crushing house payments have clearly forced him to the brink of starvation, as can be seen from his dramatic weight loss (compare to previous blog party photo).
He barely had the strength to pose for this one photo, before collapsing from exhaustion (but not before imbibing a tasty margarita or two). This poor man was clearly arm-twisted into buying a horrendously well maintained house that the local Realtorâ„¢ insists did NOT sell for nearly 30% below market comps (and I'd better keep my mouth shut about that or the neighbors'll get angry).
So, this is what our once mighty and proud Surfer-X has been reduced to, folks. He is now a (*gasp*) used homeowner! Can't you see the deep sadness and buyer's remorse written all over his face? The whole time I was there, he could barely muster enough spirit to produce a brief rant about f@%ing Boomers, in between noxious mouthfuls of barbecued chicken (probably supplied by the local food bank).
A very sorry state of affairs, indeed. We must keep him in our hearts and prayers.
HARM
#housing