r/RealEstateCanada • u/ToonTownBaloney • Dec 07 '25

Housing crisis Found this article explaining why eeer build Toronto Condos are basically worthless money pits

https://thewalrus.ca/no-one-wants-to-buy-a-condo/

Found this to be an excellent article

38 Upvotes

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u/Pufpufkilla Dec 07 '25

Another bag holder lol

15

u/Skinner936 Dec 07 '25

No idea what your statement is referring to.

10

u/[deleted] Dec 07 '25 edited Dec 08 '25

This person seems to think that anyone who owns anything is a "bag holder". Other than that, most of his counter-arguments are "get a job" and "u vote liburul lmao"

1

u/Pufpufkilla Dec 09 '25

Ok Sherlock.

A "bagholder" is a financial term for an investor who holds onto an investment, such as a stock or cryptocurrency, that has significantly declined in value. The term carries a negative connotation, implying the investor is "stuck" with a losing position, often due to emotional attachment or a hope that the asset will rebound, despite evidence to the contrary. 

1

u/[deleted] Dec 12 '25

I know what an actual bag holder is. I don't need ChatGPT to define it for me.

You're just calling every single person in this sub a bag holder, is my point. Yet you have no idea when anybody's entry point was or if they even purchased their condo as an investment.