Re:My 10-Year Odyssey Through America’s Housing Crisis
by mquander on Monday April 16, 2018 @02:12AM
(#16846984)
The same place, but as a renter? That's what I'd do if I were up ~1M on a house.
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Re:My 10-Year Odyssey Through America’s Housing Crisis
by refurb on Monday April 16, 2018 @11:10AM
(#16849485)
The Toronto market has recently rolled over and prices are falling. I knew a few people who were able to sell at the peak of the market. I also know one person who tried to sell, the downturn happened and the buyer pulled out.
Some folks were able to walk away with $1M cash and just rented after. The rent to home price ratio is crazy in Toronto and they were able to rent a home for $3000 that would cost $6000 in mortgage payments.