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  #11  
Old 02-02-2009, 04:20 PM
Canadian Canadian is offline
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Quote:
Originally Posted by heyjude View Post
That's true. I see a lot of houses around where I live, are FOR Lease. I wonder if the owners want to sell them but are waiting for the market to recover and want to lease them to cover their mortgage payments in between...
Two things. First there won't be a recovery in the housing market for quite a while (few years at least). Second, the rent that you can get in Toronto, would cover about 50% of the expenses the owner has - mortgages, taxes, maintenance, etc. I bet all these speculators are waiting for the spring market, and here is a newsflash for them - there won't be one!
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  #12  
Old 02-04-2009, 05:08 PM
trent trent is offline
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And even after the real estate market bottoms, there will be a few years with flat prices. Don't expect a V shaped recovery.
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  #13  
Old 02-05-2009, 01:16 PM
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And even after the real estate market bottoms, there will be a few years with flat prices. Don't expect a V shaped recovery.
Yes, that's a good point, as most people expect after the last month of decline (bottom), to get a few % increase the next. This is simply not going to happen.
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