We were in Toronto working on the new version of the website (yep, we’re moving on up!) and I stopped by a great little record shop called Cosmos on Queen West. Most people don’t know this, but I fell in love with hip hop in 1988. Not the hip hop you hear on the radio today – the real stuff from back in the day. Eric B & Rakim, KRS-One, and later De La Soul & the Native Tongues. In university I started a radio show about the original music samples that were the building blocks of hip hop. I’ve always wanted Bob James’ records cleverly titled One, Two and Three… and today I found the records for a wicked price.
These albums are about 40 years old, and they’re STILL being chopped and cut up to insert into modern music. Instead of a hosted episode, I’m putting a link to the full One album. And if you ever want to forget about the real estate stuff and chat music, I’m all ears!
The pushy & sleazy listing description is back at 1340 Main, and there’s even a life lease at 137 Martin (more about life leases here). It’s an interesting form of ownership that has some distinct advantages compared to purchasing, especially for seniors. Here’s a handy guide.
I’m not really sure what’s going on, but the “investment” property at 436-438 Oak has been for sale and sold a bunch of times in the last 5 or 6 years. And Evans Terrace has a $154/month rental agreement for the furnace and air conditioner. Instead of the owner buying them, they replaced the units and put them on a rental… probably in the last couple of years. If I were buying, I would ask for them to be paid out in full. BUT if there’s too much competition and enough buyers want the home, it will likely end up being assumed.
Still, at $154/month, it will quickly add up to WAY more than it would cost to buy them. These HVAC leases are terrible money grabs.