I did a 3rd party app on RBC that where a bunch of contractor bid for your reno.

They quoted me $30-45K for kitchen cabinets, counter, sink, basic appliance

$20-30K for washroom, I asked a plumber from RS if this was true and he's like it's easily $20K to start after labour.

I think there is a bunch of people sitting on the sidelines with cash waiting to go right now, it's just that they see rates will drop more so they are waiting. Gics rates are cut in half already, so unless you put it back into equities, inflation is just gonna eat away at the interest, plus everyone got scared of the massive taxable gic gains last year. There must be enough money to pay the mtgs if there 2000 units sitting vacant.

Ask maniac's cousins, $10k done for you brother, or just hang out at some Mexican restaurants and ask:joy:

So ended up pulling the trigger on the offer. I believe I said earlier it was over assessed but it was bang on assessed. What I was thinking was it was over the price per sq/ft most of the places in Fairview have been going for. That being said most places are going less than assessed atm so I feel like it was a fair offer . Time will tell I suppose.

The end of the day what made us hesitate was our expectations when we listed of selling for a higher number vs the actual market. Strongly considered refinancing/heloc but feels a little too far outside my comfort zone. Question is now do I hold the remainder of the cash ? GIC ? Dump it on my primary residence mortgage? Vegas?

I was going to say earlier....... Buy a sportscar.......

US equities.

I'm surprised some of y'all don't hold equities lol

but I guess it's because the younger generation is poor and equity is the only thing we can buy!

BTC

The ship has sailed for the younger generation to make any money off real estate and even stocks. We can only hope that US equities keep performing like the past to grow any wealth.

I’m salty that I wasn’t born 5-10 years earlier. If you’re in your 40s and don’t have a sizable net worth you did something wrong. You could have bought any asset and made big gains, even collectibles and cars or randomly choose a tech stock to dump money into.

^hey now. If that was the case then everyone would be rich. Clearly not everyone is in Vancouver. I know tons of guys my age who are just squeaking by and even more boomers who’ve had all the advantages in life, live in squalor.

What’s the saying ? Past performance isn’t indicative of future performance ?

It’s not a matter of just being there at the right place and time. You also need to have time and money to take advantage of opportunities when they arise. If you don’t have either of those, these so called opportunities are moot.

Everyone who is “doing well” are often coasting on their parent’s money. Almost none of them came from the trash and was able to rise above it.

lack of education is the real killer for not investing wisely.

if i could go back 10 years and make even a few minor different investments i'd be way better off myself (not saying crystal ball and buying amazon type changes)