Calgary real estate prospects

[Power_Of_Rotary]

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As an investor of Buster's favorite asset class and a landlord, I'm glad there is some movement. It's still the worst performing part of my portfolio since pandemic started. But it's just diversification in the event of a long term bear market rear its ugly head.

If this $65 oil forecast holds out and double meat sub time comes again, I'll probably let some go.

I guess the view is always different depending on where the money is :P
I think theres still a bit of room for the bull run. So be patient on offloading.

Those who bought high and sold low tend to be sour when things rebound.

[Power_Of_Rotary]

How do I check who sent me a reputation message? lmao

To whoever sent me the msg. I have other investments doing alright. just a tad better than Calgary condos.

However, too bad I couldnt buy (house) in Calgary at time of writing this thread. It would have been at least 10-15% cheaper then.

[JohnnyHockey13]

Just an FYI because I still check in on airdrie real estate, it's already been leveling off in both sales and prices... don't the bedroom communities cool off first and also the last to rise in price?.... I'm glad I sold when I had the chance.

[Civic_Drift]

Inventory for detached homes dipped below 2,000 yesterday. 1,999 active listings as of November 3. Last year, there were 2,679 active listings so only time will tell if this leads to another hot 2022 spring market even with interest rates projected to rise.

[Power_Of_Rotary]

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Inventory for detached homes dipped below 2,000 yesterday. 1,999 active listings as of November 3. Last year, there were 2,679 active listings so only time will tell if this leads to another hot 2022 spring market even with interest rates projected to rise.

Ask Buster for his forecast. Then bet against him lmao

[Rocket1k78]

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Inventory for detached homes dipped below 2,000 yesterday. 1,999 active listings as of November 3. Last year, there were 2,679 active listings so only time will tell if this leads to another hot 2022 spring market even with interest rates projected to rise.

Not a single detached home for sale in my community for the last 2 weeks and 1 just popped up and id be surprised if it lasted to this weekend. I was going to hold off til the new year to list a place but i think i might list in 2 weeks, ive always heard you dont want to list around this time but talking to some people and my realtor they say its not as bad as people think.

[bjstare]

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Not a single detached home for sale in my community for the last 2 weeks and 1 just popped up and id be surprised if it lasted to this weekend. I was going to hold off til the new year to list a place but i think i might list in 2 weeks, ive always heard you dont want to list around this time but talking to some people and my realtor they say its not as bad as people think.

A realtor telling you "now is a good time to list"? Imagine that.

[Power_Of_Rotary]

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A realtor telling you "now is a good time to list"? Imagine that.

want a side bet if he lists market value it will sell within 2 weeks? I have 0 info on his house. But if he lists market price, I am certain it will sell quick and most likely above asking.

[killramos]

What’s “market value” ?

[Buster]

Market is haaaaawwwwt

[Power_Of_Rotary]

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Market is haaaaawwwwt

Care to wager? Lol 0.1 BTC?

[Buster]

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Care to wager? Lol 0.1 BTC?

Name the wager

[pheoxs]

Seems dumb to list right now. Sure you can probably sell it for asking in a few weeks but with active listings significantly below normal as still dropping there’s no rush. Why not wait until spring when there’s more buyers so you can hopefully get a bidding war going.

Right now there’s 1,979 detached properties for sale in Calgary. 2 years ago this time of year it was 3,400 listings. And sales continue to outpace new listings which means spring is going to be chaos. I wouldn’t wait for summer as things might taper off with rate changes coming but Feb-Mar is looking like the stars aligning to sell a house.

[bjstare]

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want a side bet if he lists market value it will sell within 2 weeks? I have 0 info on his house. But if he lists market price, I am certain it will sell quick and most likely above asking.

You’re confused.

If he lists and it sells for over list, it was priced below market value. The sale price is the market price.

[killramos]

Is as if some people don’t understand anything about markets at all or something

[Buster]

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You’re confused.

If he lists and it sells for over list, it was priced below market value. The sale price is the market price.

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Is as if some people don’t understand anything about markets at all or something

No way. Unpossible. Market is hot

[Power_Of_Rotary]

Market value is based on recent transaction record of same/similar assets.

Sure, you can challenge what is "market value" with justifications.

I keep forgetting beyond is full of condo lovin hill billy rednecks. Mah bad!

[Buster]

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Market value is based on recent transaction record of same/similar assets.

Sure, you can challenge what is "market value" with justifications.

I keep forgetting beyond is full of condo lovin hill billy rednecks. Mah bad!

Don't listen to those guys.

They don't have access to the secret market list prices for all the houses.

[ExtraSlow]

I like to watch listings and buy every house that's listed below market. I can usually sell next day for full market price and I make a lot of money this way.

[TomcoPDR]

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I like to watch listings and buy every house that's listed below market. I can usually sell next day for full market price and I make a lot of money this way.

What’s from someone else reading this secret from copying your proprietary investment strategy?