• 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Nasty
    July 02, 2010 - 13:35

    Even in Fort McMurray with a six figure a year income rent was only $2500.00 a month on a two bedroom condo. Do the math here, the average yearly income is what, $42,000, Do we have a greed problem going on here as did ALberta? Guess people failed to see what took place and what is happening right now in Alberta. Danny is trying to grab, grab, grab, but sooner or later this will catch up to him and the people will be the ones that suffer.

    How will people justify paying a mortgage on a home that just lost over $100,000? Owing more than they can sell for? Looks like the start of the US crisis right here, just no one wants to admit it. Time to put the breaks on has past, this needs to be stopped before we are in worse shape than all the others that that they had it all only to fall flat on their collective faces. We are being led around like a bunch of chimps on a leash, too bad 99% of the people fall for it.

    Some good advice. Pay cash for everything including your home. If you can not afford it, save for it. In the long run you will be far better off. Thats what we do, and owe nothing on either home or cars.

  • Willie
    July 02, 2010 - 13:34

    I remember when the Alberta boom occurred back in 2006 and I called it then - the prices will not last. What happened - the prices have stabilized.

    Look, the stupid people (i.e. those who need to keep up with the Jones's) are the ones who are buying homes right now in the St. John's area.

    it's all the twenty something year olds who have lived a cushy life with mom and dad and don't understand the requirements to build wealth - they just want the nice house now now now.


    Willie Hunt
    Pouch Cove, NL

  • Landlord
    July 02, 2010 - 13:34

    Calvin

    Rent control................LOL. Good luck with that, you want rent control move to China and you can have everything else they have as well. Maybe we should have the government place wage control on every job, seems like we only want control on the things we buy but not on the things we sell (our labour). You sell, I buy, I sell, you buy.............see the problem.

  • Calvin
    July 02, 2010 - 13:34

    The price of homes, and more importantly renting homes, is starting to become a problem in the St. John's area. 3 bedroom bungalows are renting for $1200 and up!! How are people supposed to be able to live when paying this much for rent. People are not making more money, but rent keeps increasing. In the past 4 years, speaking from personal experience, rent has increased from approximately $900 to rent a 3 bedroom house to $1200!! There needs to be some form of rent control enforced by the Municipal and Provincial governments. Lanlords are robbing people of their hard earned money to try and make a quick buck. How are people who are not making a lot of money supposed to save money to buy their own house in this market?

  • FB
    July 02, 2010 - 13:33

    Just another story fabricated by the Real estate board to set up false expectations...Hurry up and buy ..... we need your commision.....greed....What are all these people buying houses at inflated prices, low mill rates and low interest rates going to do when the mill rates increase, the interest rates increase....If there were only an example of this somewhere else in the world where this happened........hmmmmm o yeah....in the US OF A......I am guessing there will be more people looking for govt handouts when the market crashes here too......ie, real estate agents, constuction workers, landlords etc......

  • John
    July 02, 2010 - 13:31

    Housing shortage? There's an awful lot of for sale signs out there for a shortage. Maybe people are asking too much and the places aren't selling. Not surprising to see the prices go up when municipalities are supporting the real estate companies. Municipalities are using the market value (established by sales) to assign appraisal values to properties which in turn create a greater tax revenue for the municipality. Wait until when the interest rates start to rise. We're in quite the vicious cycle!

  • Happy with
    July 02, 2010 - 13:30

    Condominiums up by 13.3 per cent to $230,000, bungalows increased by 13.1

    Ya, so when will wages go up to reflect this and all the other increases?

    Thought so.

  • Calvin
    July 02, 2010 - 13:26

    Brian, are you trying to tell me that a 3 bedroom bungalow with a basement apartment requires $1750 a month to pay the mortgage? Bull@#$%!!! The mortgage payment on the house I am in right now is under $1000 and the landlord is getting $1750 a month in rent!! Do you put 10% of what you make on a house in a year back into the property, as you are required to do by the Newfoundland Tenants act? Because most landlords dont. Most landlords rent high, with minimum upkeep to MAKE A QUICK BUCK! Maybe you are one of the few good landlords left out there, but I doubt it.

  • Watcher
    July 02, 2010 - 13:21

    Thanks Calvin, (and I hope that's your real name) I just made a mental note never to rent my apartment to anyone with the first name Calvin in the future... to much of a headache by the sounds of it.

  • Anne
    July 02, 2010 - 13:16

    The price of housing is insane given the salaries in this Province. Everyone should stop buying for a month to make the prices reflect our economy. A person I know has been approved for a $180,000 mortage and can't find a house in that price range.

  • brian
    July 02, 2010 - 13:15

    Calvin - I charge to cover the 20 year mortgage + property taxes. A 225,000K home runs about 1200.00 per month in rent. As for 10% (1,500 a year) thats a given for upkeep. Again, I'm not out to make a quick buck off the renter - the equity takes care of that. I could be really mean and tack on additional monies to recoup the 10% down payment on both units. As for Nate - you would be better off taking the equity in that house and purchase a couple of more and rent them out. Put your equity to work for you :)

  • Dave
    July 02, 2010 - 13:14

    This booming economy we keep hearing about is quite artificial. The day the Hebron announcement was made, the price of an average bungalow jumped by about $50,000. One simple announcement didn't automatically mean the economcy was suddenly booming.

    Slippery real estate agents, lawyers, and few sleezy homeowners are making out like bandits ever since.

  • G
    July 02, 2010 - 13:12

    Get real Nate. How can anybody today pay cash for everything?? Grant us your devine wisdom oh great one tell us how you do it.! HOW do you save for a house and a car and pay cash. BULL SH!T!! How do expect to live day to day?? You still have to live somewhere - pay rent. Transportation - you need a car - gotta pay for that. Not to mention food, cloths, ect. You still have to live. You must live and own a couple of cardboard boxes for homes and dinkies for cars. I can pay cash for that too. Stop with your stupid comments.

  • Nasty
    July 02, 2010 - 13:12

    Taxpayer from NL writes: Wow Nate! I wish we could all be like you..

    Here is the problem. You want it all, you want it now. Grow up and wait till you have the money to afford it, that way the bank nor anyone else can take it from you. You will never own a thing with loans till you pay it off. You might think it is yours, but it is not. The Bank owns your home and your car, they do not own mine - I do.

    You might need to leave the comfort of your mommas arms for five years and enter the real world, but at the end of it you will be further ahead than all your friends that go to work each day to pay the banker. Better to pay yourself than them.

  • sandy
    July 02, 2010 - 13:11

    What has the HAVE PROVINCE done for the average NLer ???

  • brian
    July 02, 2010 - 13:10

    Wake up Calvin and Anne. I rent a couple of residential homes in St. John's. I purchased these units recently and am going to rent them for an amount that covers the mortgage and property/water taxes. I only charge enough to break even, no quick buck just a long term investment. The market reflects the current economy on the NE Avalon - booming - supply is less than demand - basic economics.

  • Taxpayer
    July 02, 2010 - 13:09

    Wow Nate! I wish we could all be like you...you're amazing. Let's see, average bungalow 230,000, average vehicle 25,000, factor in taxes fees etc your looking at $300,000 plus just to get an average vehicle and house. Most kids are graduating with a $30,000 debt load, so we can throw that in as well. So Nate how long do you think it wil take the average Joe to save the three or four hundred thousand it takes to have a house and car in this town!You sir are an idiot of the highest order. You manufacture numbers as you see fit to suit your lame arguments. Then you try to blame the Williams Gov. for everything that is wrong in the known universe. You are just another A-HOLE who likes to sit back and criticise, without ever offering constructive ideas. Let me tell you that telling couples getting out of school with 60 or 70 thousand dollars of debt to live in a basement apt. for 20 years(paying off someone elses house) to wait untill they can pay cash for their house and vehicle shows us all just where you are comming from.

  • Nasty
    July 01, 2010 - 20:25

    Even in Fort McMurray with a six figure a year income rent was only $2500.00 a month on a two bedroom condo. Do the math here, the average yearly income is what, $42,000, Do we have a greed problem going on here as did ALberta? Guess people failed to see what took place and what is happening right now in Alberta. Danny is trying to grab, grab, grab, but sooner or later this will catch up to him and the people will be the ones that suffer.

    How will people justify paying a mortgage on a home that just lost over $100,000? Owing more than they can sell for? Looks like the start of the US crisis right here, just no one wants to admit it. Time to put the breaks on has past, this needs to be stopped before we are in worse shape than all the others that that they had it all only to fall flat on their collective faces. We are being led around like a bunch of chimps on a leash, too bad 99% of the people fall for it.

    Some good advice. Pay cash for everything including your home. If you can not afford it, save for it. In the long run you will be far better off. Thats what we do, and owe nothing on either home or cars.

  • Willie
    July 01, 2010 - 20:24

    I remember when the Alberta boom occurred back in 2006 and I called it then - the prices will not last. What happened - the prices have stabilized.

    Look, the stupid people (i.e. those who need to keep up with the Jones's) are the ones who are buying homes right now in the St. John's area.

    it's all the twenty something year olds who have lived a cushy life with mom and dad and don't understand the requirements to build wealth - they just want the nice house now now now.


    Willie Hunt
    Pouch Cove, NL

  • Landlord
    July 01, 2010 - 20:23

    Calvin

    Rent control................LOL. Good luck with that, you want rent control move to China and you can have everything else they have as well. Maybe we should have the government place wage control on every job, seems like we only want control on the things we buy but not on the things we sell (our labour). You sell, I buy, I sell, you buy.............see the problem.

  • Calvin
    July 01, 2010 - 20:23

    The price of homes, and more importantly renting homes, is starting to become a problem in the St. John's area. 3 bedroom bungalows are renting for $1200 and up!! How are people supposed to be able to live when paying this much for rent. People are not making more money, but rent keeps increasing. In the past 4 years, speaking from personal experience, rent has increased from approximately $900 to rent a 3 bedroom house to $1200!! There needs to be some form of rent control enforced by the Municipal and Provincial governments. Lanlords are robbing people of their hard earned money to try and make a quick buck. How are people who are not making a lot of money supposed to save money to buy their own house in this market?

  • FB
    July 01, 2010 - 20:22

    Just another story fabricated by the Real estate board to set up false expectations...Hurry up and buy ..... we need your commision.....greed....What are all these people buying houses at inflated prices, low mill rates and low interest rates going to do when the mill rates increase, the interest rates increase....If there were only an example of this somewhere else in the world where this happened........hmmmmm o yeah....in the US OF A......I am guessing there will be more people looking for govt handouts when the market crashes here too......ie, real estate agents, constuction workers, landlords etc......

  • John
    July 01, 2010 - 20:19

    Housing shortage? There's an awful lot of for sale signs out there for a shortage. Maybe people are asking too much and the places aren't selling. Not surprising to see the prices go up when municipalities are supporting the real estate companies. Municipalities are using the market value (established by sales) to assign appraisal values to properties which in turn create a greater tax revenue for the municipality. Wait until when the interest rates start to rise. We're in quite the vicious cycle!

  • Happy with
    July 01, 2010 - 20:18

    Condominiums up by 13.3 per cent to $230,000, bungalows increased by 13.1

    Ya, so when will wages go up to reflect this and all the other increases?

    Thought so.

  • Calvin
    July 01, 2010 - 20:13

    Brian, are you trying to tell me that a 3 bedroom bungalow with a basement apartment requires $1750 a month to pay the mortgage? Bull@#$%!!! The mortgage payment on the house I am in right now is under $1000 and the landlord is getting $1750 a month in rent!! Do you put 10% of what you make on a house in a year back into the property, as you are required to do by the Newfoundland Tenants act? Because most landlords dont. Most landlords rent high, with minimum upkeep to MAKE A QUICK BUCK! Maybe you are one of the few good landlords left out there, but I doubt it.

  • Watcher
    July 01, 2010 - 20:04

    Thanks Calvin, (and I hope that's your real name) I just made a mental note never to rent my apartment to anyone with the first name Calvin in the future... to much of a headache by the sounds of it.

  • Anne
    July 01, 2010 - 19:55

    The price of housing is insane given the salaries in this Province. Everyone should stop buying for a month to make the prices reflect our economy. A person I know has been approved for a $180,000 mortage and can't find a house in that price range.

  • brian
    July 01, 2010 - 19:55

    Calvin - I charge to cover the 20 year mortgage + property taxes. A 225,000K home runs about 1200.00 per month in rent. As for 10% (1,500 a year) thats a given for upkeep. Again, I'm not out to make a quick buck off the renter - the equity takes care of that. I could be really mean and tack on additional monies to recoup the 10% down payment on both units. As for Nate - you would be better off taking the equity in that house and purchase a couple of more and rent them out. Put your equity to work for you :)

  • Dave
    July 01, 2010 - 19:53

    This booming economy we keep hearing about is quite artificial. The day the Hebron announcement was made, the price of an average bungalow jumped by about $50,000. One simple announcement didn't automatically mean the economcy was suddenly booming.

    Slippery real estate agents, lawyers, and few sleezy homeowners are making out like bandits ever since.

  • G
    July 01, 2010 - 19:50

    Get real Nate. How can anybody today pay cash for everything?? Grant us your devine wisdom oh great one tell us how you do it.! HOW do you save for a house and a car and pay cash. BULL SH!T!! How do expect to live day to day?? You still have to live somewhere - pay rent. Transportation - you need a car - gotta pay for that. Not to mention food, cloths, ect. You still have to live. You must live and own a couple of cardboard boxes for homes and dinkies for cars. I can pay cash for that too. Stop with your stupid comments.

  • Nasty
    July 01, 2010 - 19:50

    Taxpayer from NL writes: Wow Nate! I wish we could all be like you..

    Here is the problem. You want it all, you want it now. Grow up and wait till you have the money to afford it, that way the bank nor anyone else can take it from you. You will never own a thing with loans till you pay it off. You might think it is yours, but it is not. The Bank owns your home and your car, they do not own mine - I do.

    You might need to leave the comfort of your mommas arms for five years and enter the real world, but at the end of it you will be further ahead than all your friends that go to work each day to pay the banker. Better to pay yourself than them.

  • sandy
    July 01, 2010 - 19:47

    What has the HAVE PROVINCE done for the average NLer ???

  • brian
    July 01, 2010 - 19:46

    Wake up Calvin and Anne. I rent a couple of residential homes in St. John's. I purchased these units recently and am going to rent them for an amount that covers the mortgage and property/water taxes. I only charge enough to break even, no quick buck just a long term investment. The market reflects the current economy on the NE Avalon - booming - supply is less than demand - basic economics.

  • Taxpayer
    July 01, 2010 - 19:45

    Wow Nate! I wish we could all be like you...you're amazing. Let's see, average bungalow 230,000, average vehicle 25,000, factor in taxes fees etc your looking at $300,000 plus just to get an average vehicle and house. Most kids are graduating with a $30,000 debt load, so we can throw that in as well. So Nate how long do you think it wil take the average Joe to save the three or four hundred thousand it takes to have a house and car in this town!You sir are an idiot of the highest order. You manufacture numbers as you see fit to suit your lame arguments. Then you try to blame the Williams Gov. for everything that is wrong in the known universe. You are just another A-HOLE who likes to sit back and criticise, without ever offering constructive ideas. Let me tell you that telling couples getting out of school with 60 or 70 thousand dollars of debt to live in a basement apt. for 20 years(paying off someone elses house) to wait untill they can pay cash for their house and vehicle shows us all just where you are comming from.