Strange Days Indeed in Mortgage World
I wrote last week about some Buyers giving up after endless wasted visits and crazy bidding war outcomes
But here comes fresh waves: condo buyers downtown (end users) who's big company managers have let them know they will come back
2/
I wrote last week about some Buyers giving up after endless wasted visits and crazy bidding war outcomes
But here comes fresh waves: condo buyers downtown (end users) who's big company managers have let them know they will come back
2/
to the bank towers in the late Fall
Couple of townhouses outside of Barrie different spots, expensive and FTHB
Or buying a house in Shelbourne, young, long time Downtown Couple
And here's the really worrying subtext of it
It's not FOMO
It's FWBF
Fear We'll Be F**KED
3/
Couple of townhouses outside of Barrie different spots, expensive and FTHB
Or buying a house in Shelbourne, young, long time Downtown Couple
And here's the really worrying subtext of it
It's not FOMO
It's FWBF
Fear We'll Be F**KED
3/
Fear they will NEVER be able to buy a home of their own unless they act now
Because RE prices will grow to the Sky
A deep worry that a 2400 sq ft Detached in Whitby will start at $2.5M in 3 years
"That's absurb!!" you say, likely it is but how do they know that?
4/
Because RE prices will grow to the Sky
A deep worry that a 2400 sq ft Detached in Whitby will start at $2.5M in 3 years
"That's absurb!!" you say, likely it is but how do they know that?
4/
Because their brother's house has doubled since he bought 5 years ago
So its FWBF
Afraid enough to spend as much on a house as they can qualify on a mortgage
Its not right
And our government should be ashamed we have reached this moment
So its FWBF
Afraid enough to spend as much on a house as they can qualify on a mortgage
Its not right
And our government should be ashamed we have reached this moment
• • •
Missing some Tweet in this thread? You can try to
force a refresh
