Tuesday, June 20, 2017

Toronto Listings Panic

I was just up in country north of Toronto.  Listings are everywhere.  I haven't seen anything like that since the last time.  Trouble is that most people will want the peak price and will hold on for quite a while.  It was like that when I sold my house months after the last crash.  The people who were selling the house I wanted thought they could get the old price.  But I had discounted my old house by 20% to sell it.  Because it was an estate sale and was listed for a very long time, I eventually got the new house at 20% off.

So, all you people who have made tons of money flipping houses, take the haircut and sell.

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