On Wednesday, April 14, 2021 at 10:46:21 PM UTC-5, wrote:
On Wed, 14 Apr 2021 23:03:28 -0400, Ed Pawlowski wrote:

On 4/14/2021 7:49 PM, wrote:
On Wed, 14 Apr 2021 15:22:34 -0700 (PDT), Dean Hoffman
wrote:

This place in London might be livable.
https://www.msn.com/en-us/money/news/london-penthouse-offered-for-sale-for-dollar241-million-by-entrepreneur-nick-candy/ar-BB1fEaA6
Text only.


If you were to ask me pre-pandemic - what sectors would see
a dramatic boom - real estate would not have made my list.
Is it like this in other places ?
In southern Ontario and in many other places in Canada -
the real estate boom is .. well .. booming ! Bidding wars ..
Who'da thunk it.
Low mortgage rates - for sure - but but ..
.. very precarious employment ;
.. over-spent governments at all levels ;
... global unrest ; etc .
I'd be a little leery of signing onto a huge mortgage
under these conditions - I guess the young'uns
still feel secure for some strange reason ?
.. or it's foreign big money ? speculators ?
Dunno.
John T.


The house I sold 2 1/2 years ago is valued at 25k more than what I sold
it for. The house I bought to replace it is now 30k more so I guess I
made 5k.
The house next door to me sold in two days and the new owners won't be
here until October.
I'm not talking $ 20 - 30 k.

https://kitchener.ctvnews.ca/semi-de...rice-1.5316650

John T.

The TV announcer said something about people wanting to get out of big urban areas. The area they
showed is way too crowded.
I noticed, too, that the realtor doesn't look a bit like the ones on the Flipping Vegas show.