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- เผยแพร่เมื่อ 25 ส.ค. 2024
- Toronto Condo Flippers & GTA assignment sellers are seeing low or no profits, in many cases losses
Assignments: precondo.ca/as...
Book a call with me: precondo.ca/call
Email me: jordon@precondo.ca
Special thanks for brokerpocket.com for that data
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![ฮักเทื่อสุดท้าย - บอย ศิริชัย [OFFICIAL MV]](http://i.ytimg.com/vi/-1PoPoQ-B-k/mqdefault.jpg)
I hope they all lose their shirts. They've done permanent damage to the housing market speculating and now they're going to damage the honest folks in the market that are trying to sell their condo and move into something else. Screw the greedy speculators to the wall!
house flippers to burger flippers!!
Bruh
Wow! People can't make money on real estate in T.O.?!
Time to get a real job! I think the unemployment rate in S. Ontario is about to skyrocket!!!!
Scary times we're living. This is the worst possible fate for a real estate bro. Actually having to work for a living.
Good advice Jordon - problem is it isn’t going to get to everyone that needs it ! Great Job !!
thanks for watching!
Homes in Canada need to stop being treated as investment opportunities. Its absurd, this is why there is a housing crisis and young professionals cannot afford a home.
The problem is humanity insists that only the rich can run nations. No self esteem in most of the populace.
People treat homes in Canada like Bitcoin. In reality it’s more like FTX.
Glad to hear it! With interest rates higher for longer, this is just the beginning.
The sophistication of information in this video is simply unbelievable. Even as a realtor/developer with access to information.... Precon price to price today! Assignment price/inventory. Nice work!
Jordon Dropping knowledge again...PreCon Don
Precons down $60K and the market hasn’t even crashed yet. It’s going to be a massacre
Will cmhc dump the mortgage defaults onto the backs of the nation?
They fucking better not!
@@supermash1
They already have.
150 billion of sub prime mortgage garbage was quickly offloaded from banks onto the nation via HC at the start of C19 in May, 2020.
That's 150 billion of 600+ billion of such garbage insured by CMHC using taxpayers as a backstop for banks at ridiculously low insurance premiums.
It's a total scam.
When the CMHC goes through the loans when the crap hits the fan, which they will and the crap will fly they will comb all the loans. You see here the originator is responsible for doing the due diligence. If there is say “fraud” on the loan CMHC wipes it clean. The banks are now on the hook. This is a shut storm ready to land.
I bought one in early 2019 and now the builder is selling the same floor plan at 40% more. It is along the Eglinton LRT so expected rent and value went up.
great to hear but worth noting builder price does not equal resale market value
Great info but an even better thumbnail. Thumbnail Don!
It is a sure loss of $ in a few yrs to buy Pre construction condo now
time will tell!
Great honest advice!
Good data as always Jordon.
Beautiful. Greed has created this bubble here and in hongcoover. It's going to collapse soon enough. It's just begun. Greedy investors will lose. Let it burn
When you talk about psf cost at launch, is it the lowest psf suite type in the building ?
No, it’s the average across all units in both cases
@@Precondo gotcha thanks
I bought my house 2012 and in 3 years i will be mortgage free when the real estate crashes to the ground i might buy another one ...
They have been talking about a crash since 2012. No crash is ever happening.
I believe, Marvin, that you have not been paying attention
Can we talk about that thumbnail? wow
proud of that one
Does not make any sense if precon is selling higher than current market value. This shows builders are greedy AF and there's no value to take on the risk of buying precon.
Builders are making lower margins today than ever before
Alberta is still going up. But alberta declined in price from.2014 to 2020. In 2005 it was more expensive in alberta. Our market cycles became invesersed mostly due to migration cycles to and from alberta.
The boom spenders are coming back again
Unfortunately, eventually, bubbles burst. Great info and advice.
This bubble should never have gotten so big. Can’t be surprised when it pops.
Stop acting as if these
Real estate 'professionals'
Actually might deserve any more than to lose their
Shirts. They do no build or contribute anything more
Than increase the vortex of greed .
If the only increase in value
Is demand , then it is determined by the need of ownership ...not value .
Replies are turned off .
Totally deserved it, housing in the future should only be used for living and not an investment
Car flippers, house flippers , need to get a real job.
Well they made a bundle for 2 decades and made thousands homeless..
This is such a good video
Interest is too high to break even with 25% down when renting, flippers lose either way.
not exactly, 48% of people who closed on a pre-con last year are cash flow neutral or better. And if you closed, rented for a year, and sold, you'll likely net out better than someone selling via assignment
Isaiah 24:11 KJV
There is a crying for wine in the streets; all joy is darkened, the mirth of the land is gone.
KJV: King James Version
Good.
How about 4 years from now Otis the same
Inflation ..covid...people dont want big city greed
Oh no... Zero sympathy
What Im recommending to people is we can try and assign but absolutely be ready to close!!
Exactly
Assuming cause of the problems stemming from Ukraine-Russia. If that situation was to end then surely prices would go up again?
Speculation is not a job.
Hey Jordan do you have an email i can contact you at in regards to affiliate marketing?