Calgary real estate prospects

[ExtraSlow]

8 percent return on an investment with significant downside risk, gross.
Paying down the mortgage on your primary residence is a much better idea for the majority of people.

[max_boost]

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8 percent return on an investment with significant downside risk, gross.
Paying down the mortgage on your primary residence is a much better idea for the majority of people.

This is true for most people because by the time you pay off that house you be Marth even Stevens after interest lol

[ExtraSlow]

I'd want to make minimum 5 percent better than my mortgage rate on something with both work and risk involved.
Or rather, I wouldn't, because I don't want an investment property.

[ercchry]

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I'd want to make minimum 5 percent better than my mortgage rate on something with both work and risk involved.
Or rather, I wouldn't, because I don't want an investment property.

I also gave the hawt market the benefit of the doubt while calculating 8% and didn’t factor in vacancy rates

[max_boost]

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I'd want to make minimum 5 percent better than my mortgage rate on something with both work and risk involved.
Or rather, I wouldn't, because I don't want an investment property.

oh that decade of 3% heloc and 15% spy

[JfuckinC]

It's officially I'm renting forever......

https://www.realtor.ca/real-estate/2...lake-bonavista

[Buster]

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It's officially I'm renting forever......

https://www.realtor.ca/real-estate/2...lake-bonavista

Jesus. That is not a reno job...the actual architecture is ass.

[msommers]

Wow

[XylathaneGTR]

I wanted a "conversation pit" like slides 14/15 in my build, but my wife talked me out of it. Jelly.
Also...interesting set of locks on the front door; trap house?

[bjstare]

I believe that's a good example of a house realtors would describe as "unspoiled".

[ercchry]

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I believe that's a good example of a house realtors would describe as "unspoiled".

Recent upgrades, including brand new electric fireplace!

[ExtraSlow]

Always better to buy before the reno instead of after...

[vengie]

Please move that house to the Garage Overload thread.
It has not one, but TWO oversized sheds.

[Pacman]

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It's officially I'm renting forever......

https://www.realtor.ca/real-estate/2...lake-bonavista

If that house sells for $900k, then all of our houses are worth a lot more than we think

[BavarianBeast]

Sweet motorcycle curtains though. I feel like I can smell cigarettes and lavender through the computer almost.

Some poor old lady probably died in that house. Do haunted places now command a premium?

I need to keep a property in Calgary and was thinking of a townhouse. This actually seems decent? I know the neighborhood is a mess right now but value for money in the market and neighborhood seems good.

https://www.realtor.ca/real-estate/2...garrison-woods

[JohnnyHockey13]

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Sweet motorcycle curtains though. I feel like I can smell cigarettes and lavender through the computer almost.

Some poor old lady probably died in that house. Do haunted places now command a premium?

I need to keep a property in Calgary and was thinking of a townhouse. This actually seems decent? I know the neighborhood is a mess right now but value for money in the market and neighborhood seems good.

https://www.realtor.ca/real-estate/2...garrison-woods

Wow, $800k, these prices are getting close to South Surrey townhouse prices where we lived recently, less than a 10 min drive to the White Rock Beach.

Example...

https://www.realtor.ca/real-estate/2...-avenue-surrey

[Xtrema]

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It's officially I'm renting forever......

https://www.realtor.ca/real-estate/2...lake-bonavista

The only thing changed in there is the walk in bathtub for seniors.

I bet the original owner just croaked and it has never been on the market since it was built.

[msommers]

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If that house sells for $900k, then all of our houses are worth a lot more than we think

As a buyer, it sucks.

An owner, it sucks because property taxes go up.

As a seller looking to unload and move to their parent's basement, this is near-lottery situation.

[Power_Of_Rotary]

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Ya. Rental properties are a job. Or if you treat them like passive income by outsourcing all of the "work", then your yield goes way down.

And you're at risk of capital depreciation.

Fuck RE as an asset class.

Yea, putting minimal effort into making money is really a shitty experience, eh?

Glad theres people willing to rent for years or entire lifetime, otherwise how do the others make money?

[killramos]

guess it depends how little your time is worth