Old Ironmaker
Captain
- Joined
- Dec 28, 2015
- Messages
- 3,050
There is a thread on the Boat Topics and Questions about the lack of boat restorations going on. Below is my take as to why the less and less you see it. Here in Southern Ontario, actually anywhere within a 2 hour drive from Toronto real estate prices have gone so far out of reality we are waiting not for the "bust" but for the "Nuclear explosion." Average home prices have gone so high in Southern Ontario a 3 bedroom 1.5 bath home with a single garage that comes with a 2 hour commute to work where the jobs are in Toronto goes on average for $500,000.00. I sold the story and 1/2 home I grew up in on a 40'X100' when my elderly parents went into a retirement residence sold for $272,000.00 CDN 3 1/2 years ago and we were happy with that as 3 real estate agents all came in at 249K, all 3 the exact price. That same home sold this past summer for $495,000.00. As I said in that thread the average home in The Greater Toronto Area called the GTA is around $900,000.00. We are planning on selling here this spring and moving outside that 2 hour circle around the GTA. We can buy twice the home for 1/2 of what we should get here, we are on the north shore of Lake Erie, we own the beach. I say that because some say they live on the shore line and you can't see the water from their property, big difference.
What does the average working class (I love when our leaders say middle class, it's working class) 3 bedroom, 2 bath, single garage home on an average sized lot go for and where. I have dual citizenship, who knows you may have a new neighbor from Canada. I spelt neighbor the American way, no "u" eh? When the family had a condo in Charlotte Harbo(u)r, West Florida and I drove down either the I-75 or I-95 I would pick up those local Real Estate brochures along the way and couldn't believe some of the low prices compared to ours, and that was 10 years ago when we sold.
http://forums.iboats.com/forum/gener...g-restorations
What does the average working class (I love when our leaders say middle class, it's working class) 3 bedroom, 2 bath, single garage home on an average sized lot go for and where. I have dual citizenship, who knows you may have a new neighbor from Canada. I spelt neighbor the American way, no "u" eh? When the family had a condo in Charlotte Harbo(u)r, West Florida and I drove down either the I-75 or I-95 I would pick up those local Real Estate brochures along the way and couldn't believe some of the low prices compared to ours, and that was 10 years ago when we sold.
http://forums.iboats.com/forum/gener...g-restorations