What's next? We elect the NDP?
What's next? We elect the NDP?
I do wonder if these rent raises will make condo investments viable. Even if you don't get on the principal itself maybe cash flow positive every month makes it worth itThis quote is hidden because you are ignoring this member. Show Quote
The best time to buy is now.
Condo's are garbage.
The condo fee's are what crush your cash flow.
Minimum 3 bedroom town home with a 2 car garage.
Have any condos in Calgary ever made money? Between special assessments and condo fees all the ones I've looked at were basically break even from their last sale price.
I can eat more hot wings than you.
Where's Sugarphreak when you need him
Condos got hit incredibly hard with insurance premium increases over the last few years. That and the insurance regulation changes, there's a lot of cashflow predictions out of your control ultimately.
Last edited by msommers; 10-26-2022 at 11:03 AM.
Ultracrepidarian
Airbnb market must be doing well :P
This house in Mahogany was probably $900k couple years ago and is listed now for $1.9M, claims to have $62k annual revenue from airbnb just renting out the basement suite.
https://www.realtor.ca/real-estate/2...lgary-mahogany
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It's probably been a while.This quote is hidden because you are ignoring this member. Show Quote
I made money on a townhouse between 03 & 05, but things were different back then. I think making money on anything bought in the last 10-15 years would be few and far between.
Yeah, the trick was to sell before you ever took possession! Best ROI is on a deposit only investmentThis quote is hidden because you are ignoring this member. Show Quote
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https://www.airbnb.ca/rooms/50393881...1-2f9a3b41b664
Gotta be booked nearly all year round to pull in anywhere close to $62K. Unless the raise the price for summer time bookings, but they still have to be booked right up.
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My boomer neighbours have 2-3 adult renters (renting out spare rooms) at all times. Fucking shoot me in the face.This quote is hidden because you are ignoring this member. Show Quote
Can confirm. What happen when nobody can afford to buy or waiting for low rate to return?This quote is hidden because you are ignoring this member. Show Quote
Danielle Smith is going to throw a bil at CSEC for a new stadium and that won't happen.This quote is hidden because you are ignoring this member. Show Quote
Key is don't own anything with elevators in the complex.This quote is hidden because you are ignoring this member. Show Quote
Last edited by Xtrema; 10-26-2022 at 11:32 AM.
I bought my condo in bridgeland for $205kThis quote is hidden because you are ignoring this member. Show Quote
Sold 5 years later for $306k
Bought in Beltline for $47500
Sold two years later for $89000
Agreed, i bought a TH(3bed/1car garage) around that time for $153k and now its worth mid 3's. Got lucky so far with not one assessment but the condo fees have more than doubled, i think it was around $140 at first and now its $360 and rising.This quote is hidden because you are ignoring this member. Show Quote
Im still surprised we havent seen a big increase for condos though, i thought for sure we would've. With the cost of SFH going up so much condos might be the only choice for some and out of towners consider them free lol
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Front running realtor scum.This quote is hidden because you are ignoring this member. Show Quote
What you buying for 47500 lol what year is thisThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
This is why people have a hard time taking you seriously.This quote is hidden because you are ignoring this member. Show Quote
Well he is like, fucking 60 years oldThis quote is hidden because you are ignoring this member. Show Quote
Is he really 60?This quote is hidden because you are ignoring this member. Show Quote
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