Quote:
Originally Posted by metal_geek
Meaning at some point in the future, there will be more people looking to move outta thier condos into my "Move up home".. ROFL...
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I hear you. I specifically targetted a townhouse within walking distance to downtown last year when I bought as I think it's an ideal step upwards from a condo. I know from personal experience that there's going to be:
- lots people that tire of highrise living.
- don't want to give up urban living.
- can't afford the 850K for a detached house (and that's for a mid to low end one) within walking distance of downtown
I foresee a big increase in people that fall into the above, and a reasonable townhouses within walking distance to downtown are in very finite supply. Nowadays, if you have enough room for a townhouse complex you just build a 6 level condo to recoup your land costs.
I *think* that should insulate me somewhat in the event of a downturn, and at it's best - provide some good returns in the future.
But my name has Hulse in it, not Oracle
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Getting back on topic - I know a lot of service companies that are betting on a stronger Q4, and haven't cut staff in anticipation of this. Is anyone seeing evidence that Q4 is going to be a strong as they say?