- A Stupid Man
- July 10, 2013 - 22:25
What are hire rents exactly? Not from Sin Jawns are ya bye.
- Turry from town
- July 10, 2013 - 15:34
Thanks for letting us know how much house prices have gone up.Like the fox telling you how many hens are in the henhouse.As the economy keeps moving along and demand outweighs supply these people(realeestate agents and developers and trades companies) jack up the prices to satisfy their greed. This is not supply and demand.It is demand and greed.
- P F Murphy
- July 10, 2013 - 11:08
Housing prices aren't up. The current market has merely excluded most low end purchasers and when you have few or no low end purchasers, your average will be higher since there are few or no low numbers to bring it down. The headline is a shill for good feelings and an adrenalin rush to buy something, anything now before the price goes even higher. In actuality, the prices have probably gone down due to fewer purchasers and longer wait times to sell so better opportunities for buyers to under-offer significantly on their purchases and save a bunch of money which includes their fees to real estate agents.
- July 10, 2013 - 13:28
Just to clarify your comment above in regards to buyers. They DO NOT pay real estate agents any commission or fess for services rendered!
- July 10, 2013 - 15:27
@PouchCov: Without a buyer, there is no sale from which to pay a commission. Just because a buyer does not cut a cheque directly to the real estate agency/brokerage does not mean they are not the one paying the commission.
- July 11, 2013 - 21:33
@Adam the vendor(owner) is the only person who pays both the listing and buyers agent the commission. My statement was that buyers do not incur any real estate fees in terms of paying the agents commissions directly. They have lawyer, home inspection and moving costs but not commission fees.
- July 12, 2013 - 06:04
2008 - House 'A' sells for $400k (Realtor takes 5% commision = $20k) 2010 - House 'A' sells again but in order for the buyer to get back what they paid they will have to tack on the realtor fees again so the selling price now becomes $400k + 5% Realtors fees ($21k) = $421k 2012 - House 'A' sells yet again but in order for the buyer to get back what they paid they will have to tack on the realtor fees again so the selling price now becomes $421k + 5% Realtors fees ($22k) = $443k
- a business man
- July 10, 2013 - 07:22
Music to my years. I paid off my rental properties years ago, so the increase in value is a windfall for me, as is the hire rents that I am able to charge. Pretty good for a side business. Hoprefully the prices continue to up until the end of time.
- July 10, 2013 - 11:31
"What goes up, must come down, spinning wheel got to go round". Either you are a troll, or didn't pay attention or your economics classes did you?
- a business man
- July 10, 2013 - 20:16
Of course the house prices will come down. It is the typical boom them bust cycle. I am fully aware that the house prices will drop, and I plan and selling half of my rental properties when we start seeing the signs of the crash. Then, when the prices are lower, I will buy the same number of house and repeat the cycle. The key is to buy low, sell high, and rent in between. The take the profits and enjoy. You should try it.
- July 11, 2013 - 19:42
Yea, but in other posts, you are hoping house prices go up forever, which won't happen. So which is it? Your logic, especially for an alleged "lawyer", as you claim, is shockingly lacking.