It has been a great weekend so far and it is not yet done.
I've walked the seawall, drank red wine (not Rachel's of course. Just a my own tasty bottle of beaujolias drank over 2 days), read books, got obsessed with a new TV show (Fringe: it is like the new X Files but not scary), got possessed with owning a TiVo or PVR so I that I could tape more shows and watch them at my leisure and sans commercials, read realestate blogs with some interesting forecasts for the market and had excellent coffee brewed at home. I'm a 20 minute skytrain ride from home but I feel like I'm on vacation. It is like I've tested out Rachel's life for the weekend...without the husband and great cooking skills. And now it is a stat holiday and I am totally relaxed.
These realestate blogs are really interesting. I told my realtor that I wanted to ideally move into a place next spring and I for sure should be waiting to buy a place until then. The blog I was reading was run by two realtors and they pointed out that in one building downtown an apartment sold last week for 310k when, at the peak 8 months ago, the same one bedrooms were selling for 377-385k. Crazy! The women that rejected my 20k off listing price offer is going to be so mad at herself in a few months for not accepting it.
There seems to be two ideas on what will happen to the realestate market; by next summer it will have fallen by 30% from its peak OR in 3 years it will have fallen 50% from its peak. Crazy. But really great for me. A bit awkward as I rave to my friends who bought in the last two years about what a bargain I am going to get. Really hoping to buying something similar to what they bought at 320k for hopefully 250k or less. Did I also mention that I've lost almost 20% of my down payment to this crazy market? It has formed a bit of a roadblock to me buying right now anyways.
In the mean time I need to hunt for a rental apartment. I was going to try to wait until next April to move as I am saving a ton where I am but I don't think I can put a price on my happiness. Even if the market falls and I find something to buy in the spring, I think it would be worth it to break the lease on something I am renting. And I would be much happier downtown, Fairview or Main street. Those are the 3 neighborhoods I am looking at.
Off to cook my cauliflower with cheese sauce for Turkey day at the Dunnet-Holzer's.
2026 Summer
4 months ago
