Goddamn Real Estate

[CountDeMoney]

Dow Jones dropped, and still closed over 15,000 today.  It's working, Ide.

[MadImmortalMan]

Ten year bonds rates spiking. That's the main culprit. Bernanke is the pimp. The market will punish the Fed however they end QE.

[Caliga]

My REITs have been getting in the balls the last few weeks. 

Same.

[Ed Anger]

I took my profits from the 200+ point drop, await some buying opportunities.

[CountDeMoney]

Go fuck yourself.

[Ed Anger]

[CountDeMoney]

How about you and Timmay go run a sack race?

[Ed Anger]

 

I'd win. I'd slapjack Tim at the start of the race.

[viper37]

Real estate is starting to going down in Montreal.  Condos have fallen 2.6-2.7% over the last few months.  Way too many construction.  Quebec city will soon follow.  Only a few more months to wait and it'll be a buyer's market.

In the meantime, my own evaluation has jumped nearly 30%.  My house went for 114 500$ to 147 500$ with the new evaluation.  "Oh no, we're not raising your taxes".  Fuckers.

[Grey Fox]

[Baron von Schtinkenbutt]

Real estate is starting to going down in Montreal.  Condos have fallen 2.6-2.7% over the last few months.  Way too many construction.  Quebec city will soon follow.  Only a few more months to wait and it'll be a buyer's market.

In the meantime, my own evaluation has jumped nearly 30%.  My house went for 114 500$ to 147 500$ with the new evaluation.  "Oh no, we're not raising your taxes".  Fuckers.

Can you contest the valuation?  Here you can bring comps and other evidence to the taxing authority during a designated challenge period after your valuation changes to get them to lower it.  It almost always works, but very few people know about it or how to do it.  For obvious reasons, the tax authorities don't bend over backwards to inform people, either.

[viper37]

Can you contest the valuation? 

Maybe, I have to check my stuff carefully.  I did make some renovations, but nothing dramatic.

[Barrister]

Real estate is starting to going down in Montreal.  Condos have fallen 2.6-2.7% over the last few months.  Way too many construction.  Quebec city will soon follow.  Only a few more months to wait and it'll be a buyer's market.

In the meantime, my own evaluation has jumped nearly 30%.  My house went for 114 500$ to 147 500$ with the new evaluation.  "Oh no, we're not raising your taxes".  Fuckers.

Big question is going to be whether the fall is limited to condos (which were wildly overbuilt across this country) or hit single family homes as well.

[Grey Fox]

Real estate is starting to going down in Montreal.  Condos have fallen 2.6-2.7% over the last few months.  Way too many construction.  Quebec city will soon follow.  Only a few more months to wait and it'll be a buyer's market.

In the meantime, my own evaluation has jumped nearly 30%.  My house went for 114 500$ to 147 500$ with the new evaluation.  "Oh no, we're not raising your taxes".  Fuckers.

Can you contest the valuation?  Here you can bring comps and other evidence to the taxing authority during a designated challenge period after your valuation changes to get them to lower it.  It almost always works, but very few people know about it or how to do it.  For obvious reasons, the tax authorities don't bend over backwards to inform people, either.

His valuation is fair, he's just being bitchy.

[viper37]

Big question is going to be whether the fall is limited to condos (which were wildly overbuilt across this country) or hit single family homes as well.

true.  I don't think it will go beyond condos just right now.  But soon, the house market will be affected, as more&more elderly people have to leave their home for more appropriate health care.