[Merged] People lining up to buy a condo like PS3 and Wii

[jp06]

I can't believe this... there's people lining up on Bloor Street ONE week in advance to get a piece of condo property. I thought lining up was just a thing for the PS3, XBOX, Wii, etc. Some people must have alot of time on their hands or no life.

http://www.citynews.ca/news/news_16483.aspx

[UrbanPoet]

I can't believe this... there's people lining up on Bloor Street ONE week in advance to get a piece of condo property. I thought lining up was just a thing for the PS3, XBOX, Wii, etc. Some people must have alot of time on their hands or no life.

http://www.citynews.ca/news/news_16483.aspx

No life?
Those people lining up will probably be laughing in your face after they make a huge chunk of cash off their investment.
and btw... those people with "no life" are probably more successful then you'll ever be...

The bloor one condos start @ $300,000 up to $1 million O_O

[curtis]

It would be funny if they dispersed the line, took down a list and asked for ID. hah!

[jp06]

No life?
Those people lining up will probably be laughing in your face after they make a huge chunk of cash off their investment.
and btw... those people with "no life" are probably more successful then you'll ever be...

The bloor one condos start @ $300,000.....

It looks like someone took offense so quickly... go take a pill.

[stevethewheel]

It's what people do these days.

I know some sales reps who see it all the time for condos, and subdivision home developments.

One of the reasons to line up is to get the best units. Another reason to line up is that the developer may put prices up by $10,000 every hour or two. I am not kidding about the price increases.

[jp06]

It would be funny if they dispersed the line, took down a list and asked for ID. hah!

haha that would be jokes. Well i think they should do something about the lineup. They're probably blocking like 1/2 the sidewalk with their umbrellas and sleeping bags which is not good for pedestrian traffic.

[DaVibe]

I'm watching the news and the woman is like "Oh I feel so sorry for them!"

Feel so sorry? You kidding.
They're CHOOSING to be in that line for GREED ... to make a profit and to resell their property one day in the future.

They want to be there, let them sit. They're going to make a killing, I'm sure.

[phildc]

People's been lining up for condos and homes long before PS3s and Wiis even came out

[TenzoR]

I can see them from my office building. Quite a bit of people. I'll bring my camera and take a picture of them

[Haz]

People lining up for condo presales is pretty normal around the GVR now. Prices keep climbing and there seems to be a never ending lineup of people looking to buy home in the GVR.

Hell, there's a report going around that next year, the average home price in Vancouver's gonna go up 9% to $900,000! How is anyone suppose to afford and average home in this city?





Maybe Toronto's gonna be that next hot market.

[alkaseltzer01]

No life? I doubt that. More like an easy investment. Like Urbanpoet says, they are going to make a killing. Consider it time spent waiting in line equals profit that will be more significantly higher than the avg Cdn annual salary.

They probably have their PSPs or DS, mp3s players to keep them entertained. Most people do that at home but won't see a big payout later.

[kurtblak]

Hell, there's a report going around that next year, the average home price in Vancouver's gonna go up 9% to $900,000! How is anyone suppose to afford and average home in this city?

Learn to speak Chinese.

[Phr3sh]

I really don't see why this is suprising. A condo is a huge investment, which will yield large amounts of money in the future compared to the initial investment. It's more suprising that people will wait in line for a depreciating asset like a console if anything.

[jp06]

No life? I doubt that. More like an easy investment. Like Urbanpoet says, they are going to make a killing. Consider it time spent waiting in line equals profit that will be more significantly higher than the avg Cdn annual salary.

They probably have their PSPs or DS, mp3s players to keep them entertained. Most people do that at home but won't see a big payout later.

yeah there's no doubt that they will make a profit. I never said they won't. I simply said they probably have alot of time on their hands OR no life to be able to line up throughout the week and not have to go to work (so they must have time and money at least). But Mr. UrbanPMSing right away took offense and brings in the topic of "success" to the thread? Where in my post did i ever mention these are "unsuccessful" people lining up? Honestly i never seen anything like it before that's why I was surprised.

[PHANTOMPHOENIX]

I waited in a lineup for a condo about 4 or 5 years ago. I more than doubled my investment.

I also waited in a lineup for a condo around 2 years ago I believe. I backed out of that deal and ended up regretting it. I could have pocketed 50,000 after all expenses on that deal easily.

If anything is stupid...its being in the lineup for the Wii.


At the same time, it wouldn't surprise me if the builder paid people to sit in line to create hype. I wouldn't really put anything past these builders. The rumor I was told is that Real Estate Agents are paying students to stand in line.