Calgary real estate prospects

[jwslam]

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

Maintenance Fees
$659.15 Monthly

Imagine how many art room entries that gets you...

[Power_Of_Rotary]

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guess it depends how little your time is worth

have you guys tried to be a landlord? Its not the "time" that is annoying. Its adhoc issues or sudden vacancies.

It takes maybe 10-20 hours of actual "work" to list & arrange showings. Assuming the tenants last 12 full months, thats very little effort in the year.

Guess your pornhub time is too precious!

[killramos]

So the answer to the question of how little your time is worth...

Is clearly "Yes"

with a healthy dose of naivety.

Awesome asset class.

[ExtraSlow]

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have you guys tried to be a landlord? Its not the "time" that is annoying. Its adhoc issues or sudden vacancies.

It takes maybe 10-20 hours of actual "work" to list & arrange showings. Assuming the tenants last 12 full months, thats very little effort in the year.

Guess your pornhub time is too precious!

Did you just take both sides of that argument in one post? I'm impressed.

[Power_Of_Rotary]

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Did you just take both sides of that argument in one post? I'm impressed.

there was no argument. My point was there is no free lunch. You put in effort one way or the other and nothing is risk free.

[ExtraSlow]

Yes, being a landlord is neither work nor risk free. I can agree with that.

[Power_Of_Rotary]

How come all my comments come across as an argument or confrontational lol.

Anyways, the market is nuts right now. The sold vs listing ratio is off the charts. And first time sold exceeding listing. Dont really know what that means tho.

[Buster]

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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?

The question is why are people renting and not buying?

[ercchry]

I can lend over extended landlords the money for the mortgage on these properties… have someone else administer the loan (and deal with foreclosure or paying me out if I find something else to invest in) all from an RRSP for 50% better return and infinite less man hours.

Or… SPY… or both. Diversify!

[arcticcat522]

They broke....

[Power_Of_Rotary]

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The question is why are people renting and not buying?

honestly it wasnt that hard to buy between 2016 to 2021.

Now the question is "how do I even afford RENT".

[ZenOps]

What is crazy is that its suggested to reject all prospects who make less than $72,000 for a $2,000 (now of course entry level) rental.

Its almost shocking how many make 100G a year and can still be rejected for not enough income to rent.