Yeah, I think the FED said last week they'd keep the same rates up until 2015 or something.
- Pecafan Fan

but they recently lessened the max term to 25 years. that could end up having a siezeable effect on things before the year ends.

I was being sarcastic, the irony is you probably wouldn't get what it's "worth" if you were to sell anyways. You just get to pay more taxes.
- braidan

Houses much smaller than mine sell for 340-350K these days in my area.

One of my friends was arguing with me the other day that you can buy a house, wait for it to gain value, sell it and make money when you change house. I tried to explain to him you don't make money if you buy a house 100K, sell it 200K and move in a 200K house because the 200K house is "in theory" the same quality as your old one...when he realized he was wrong he kept arguing even more...lol
- BashCH

for it to gain value u could do some work upgrades say 20k and sell it for 240 then buy another at 200 and do the same but u work for it and pay for the new toilets, sinks etc.

I've had a few heated conversations with my parents about the fact that we're going to pay for their generation. At least we will have a world of choices in terms of career paths
- Jean_Perron

Not really since your parents will have to work until they are 70 before retiring.

but they recently lessened the max term to 25 years. that could end up having a siezeable effect on things before the year ends.
- DoubleDown

For sure, but at the same time, it's a good thing in the long run.

- Pecafan Fan

Raccoon City will never be the same.

One of my friends was arguing with me the other day that you can buy a house, wait for it to gain value, sell it and make money when you change house. I tried to explain to him you don't make money if you buy a house 100K, sell it 200K and move in a 200K house because the 200K house is "in theory" the same quality as your old one...when he realized he was wrong he kept arguing even more...lol
- BashCH

The only way you can do this is by renovating it.

Not really since your parents will have to work until they are 70 before retiring.
- braidan

My parents will be retired in 3 years or so, couple years shy of 60.

Not really since your parents will have to work until they are 70 before retiring.
- braidan

For sure, but at the same time, it's a good thing in the long run.
- Pecafan Fan

oh i agree. people buying houses that they can't afford is never a good thing.

Rupert Everett blasts gay fathers
Everett is sparking outrage over comments he made about gay parents
Everett told Britain’s Sunday Times Magazine: ‘I can’t think of anything worse than being brought up by two gay dads.’

for it to gain value u could do some work upgrades say 20k and sell it for 240 then buy another at 200 and do the same but u work for it and pay for the new toilets, sinks etc.
- BingoLady

That's what I told him...if you want to make money on a house you have to put some work on it.

Michel Chabot ‏@MChabotRC
Une série Montréal-Québec, organisée par Max Talbot et Bruno Gervais se mettra en branle le 27 septembre. Ville à déterminer #nhlpa

Michel Chabot ‏@MChabotRC
Une série Montréal-Québec, organisée par Max Talbot et Bruno Gervais se mettra en branle le 27 septembre. Ville à déterminer #nhlpa
- stinger67

should be a dandy

One of my friends was arguing with me the other day that you can buy a house, wait for it to gain value, sell it and make money when you change house. I tried to explain to him you don't make money if you buy a house 100K, sell it 200K and move in a 200K house because the 200K house is "in theory" the same quality as your old one...when he realized he was wrong he kept arguing even more...lol
- BashCH

You can increase your value though by doing that, and I guess that's what he meant. You get a mortgage of 150k but the year after you sell the house for 175k, well that's 25k you just 'created'.

You can stack the money quite fast doing so, but you have to be ready to move often

My parents will be retired in 3 years or so, couple years shy of 60.
- Jean_Perron

You are a bourgeois swine.

http://www.journaldequebe...ugmentee-taxes-inchangees

(frank) that poop !
- BashCH

Taaaabarnak.

Résisse est jaloux que les maisons coûtent plus cher à Montréal qu'à Québec

Taaaabarnak.

Résisse est jaloux que les maisons coûtent plus cher à Montréal qu'à Québec
- _nay_

oh i agree. people buying houses that they can't afford is never a good thing.
- DoubleDown

But what about the American dream

Pay your tuition and shut up.
- Dgrdnr

NON, on doit attendre que la hausse soit annulée avant de payer

NON, on doit attendre que la hausse soit annulée avant de payer
- _nay_

are there still protests going on for that anyway?

You are a bourgeois swine.
- AdamFrench

swine
n swine [swain]
1 (pluralswine) an old word for a pig.
2 (pluralswines) an offensive word for a person who behaves in a cruel or disgusting way towards others.

are there still protests going on for that anyway?
- dt99999

Read the news.

But what about the American dream
- Jean_Perron

It's now the american lie.

Enjoy!