Real Estate Curve

The statistics show that an average family will change their home every 3-5 years. Now in most cases this is true, but there are exceptions. For example, you get married buy your first condo, live there 2 years have 1 or 2 kids, the condo gets smaller you have to get a bigger living space(most likely a house) After the next 3-5 years the kids get bigger, you need more room, one for each child or even a older parent to help them out, so what now, you sell and buy bigger. Once you get older (kids move out)you don’t need that big house and you down size. Now this case doesn’t apply to all people there is tons families that live in a house for over 10, 20 or even 30 years, but the statistics show 3-5 years an average a family changes their home.
People change for many reasons they slowly move up to that Dream Home, over many moves/years. Buying your dream homes won’t happen on your first home purchase, well unless you got the cash or win the lottery. Just though this could be useful to know.

What is everyone’s though on open houses?
Do the people that come to the open houses are they the nosy neighbors?
Are the people going to open houses serious about buying?
If you ask me, if I want to buy a house I go to an agent, what are the chances going to an open house and it beign the one you will buy? Come on realistically slim.
From what I noticed either people are sent by their lazy agents to open houses, because they don’t feel like showing homes which have open houses schedules, or its people that are in the “maybe” stage of thinking to buy a house. Now don’t get me wrong there is cases that people walked into a home fell in love with it, put an offer and purchased that home, but it doesn’t happen that often.
What are your though?

As a lot of people from Ontario know most likely on July 1,2010 Ontario will get slapped with the one 13% tax which will go on virtually everything, even food under $4. The only products which will receive a cut are women products and child products (diapers, car seats, etc).

This tax won’t affect homes under the $400,000 mark but the homes between $400,000 - $500,000 mark will get taxed but will receive some kickback from the government. So what will happen to the homes valued more the $500,000 they will pay full tax, which isn’t fair at all. Why should someone be taxed more if their home is valued more, because they earn more? or they had more money when buying a bigger house at the first place? this isn’t fair. Complain to your government, lets prevent this!!!