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The Star – A family bid $150K under the highest offer on an Oakville home and still got the sale. The reason why will leave you heartened

March 30, 2017

https://www.thestar.com/business/real_estate/2017/03/30/their-bid-was-150k-less-than-the-highest-offer-but-they-still-got-the-oakville-home-the-reason-why-will-leave-you-heartened.html

WELL THERE YOU GO…. SOMETHING THAT MAKES SENSE INSTEAD OF PURE SPECULATION TO DRIVE PRICES UP & UP

EVERY OFFER TO PURCHASE SHOULD HAVE A PLAN ATTACHED TO IT !

AND A VALIDATION CLAUSE THAT EITHER TERMINATES OR INVALIDATES A SALE IF THE SOLE PURPOSE IS TO NOT USE THE PROPERTY AS INTENDED.

SOMETHING LIKE THAT…

BRIGHT MINDS ARE US CAN COME UP WITH THE RIGHT WORDING TO ALLOW FOR FREE MARKET CONDITIONS AND TO MAKE SURE THAT IF THE PURPOSE OF A PROPERTY IS TO JUST SIT THERE AND GROW WEEDS, THEN IT SERVES ONLY TO PUSH UP MARKET PRICES ARTIFICIALLY AND PUTS HONEST PEOPLE SEEKING HOMES PRICED OUT OF THE MARKET.

NEEDLESS TO SAY… PRICES GOING UP AND UP ARE A SUREFIRE WAY THAT WILL POP THE REALESTATE BUBBLE AND IN MY OPINION CAUSE A CATASTROPHIC CASCADE OF THE MARKET.

LIKE WALL STREET AND THE 2008 FIASCO…

LIKE THE 2001/2002 TECH BUBBLE FROM WALL STREET…

SKEWED MARKETS ARE RECIPES FOR DISASTER !!!

BUY WITH WELL INTENTIONED PURPOSES TO LIVE THERE IN SINGLE FAMILY HOMES…

YOU CAN SPECULATE ALL YOU WANT WITH CONDOS…. THEY’RE A MASS MARKET FACTORY PRODUCT JUST PERFECT FOR REAL ESTATE BUBBLES… IF THAT IS YOUR THING

 

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