Current Events > Since when did the housing market become a place for gamblers?

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FFVII_REMAKE
07/08/19 5:35:19 PM
#1:


Put down a small downpayment on a potential home that I wanted to live in even if it meant being broke, but was told today by my agent that i was outbidded by several other people who had cash to pay for the house outright ($1.2M) and not only that, the home sold for $1.8M by someone who outbidded the guy who had the original home price in cash.
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MI4 REAL
07/08/19 5:37:01 PM
#2:


They want you to live in apartments. The 1 household income in houses are passed their time. That is the reason why the US has been dissented.
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REMercsChamp
07/08/19 5:37:32 PM
#3:


Last 5 years in Toronto
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Goats
07/08/19 5:39:57 PM
#4:


Thanks for the economic terrorism, China mareep!
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REMercsChamp
07/08/19 5:43:35 PM
#5:


https://www.theguardian.com/world/2019/jul/07/toronto-housing-owner-occupied-canada-affordability

Nearly 40% of Toronto condos not owner-occupied, new figures reveal
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MI4 REAL
07/08/19 5:58:10 PM
#6:


What do I expect in Canada?
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josifrees
07/08/19 6:00:47 PM
#7:


Real estate has been a gambling den a p long time. Real estate speculation caused the Great Depression you know
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MI4 REAL
07/08/19 6:03:05 PM
#8:


Worse now. We all live on goverment size housing.

Inflation has not gone so fast as the the new millennium.
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Rexdragon125
07/08/19 6:09:00 PM
#9:


How else will the rich get their jollies?
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emblem boy
07/08/19 6:21:26 PM
#10:


The idea that home ownership should be a path to wealth is not one I'm even fully sure I agree with. I mean, it is and can be. It's also subsided greatly, so it can be.

I find it weird that it should be though.
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SK8T3R215
07/08/19 6:22:13 PM
#11:


>small downpayment
>$1.2 million home
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emblem boy
07/08/19 6:23:25 PM
#12:


And I mean, it's been based on speculation for a while. I mean, hell you can buy a house on what, 3.5% down payment using FHA. Greater than 25x margin.
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Prismsblade
07/08/19 6:26:17 PM
#13:


Is this a recurring trend for you tc? Or was it just bad luck? I'll be able to house search soon and hope nothing like this will keep happening to me.
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theAteam
07/08/19 6:35:12 PM
#14:


Prismsblade posted...
Is this a recurring trend for you tc? Or was it just bad luck? I'll be able to house search soon and hope nothing like this will keep happening to me.


Depends where you live
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