Remarkable, esteemed, luxurious, unparalleled, renowned, sprawling, impressive magnificent, exquisite.
And some of those more than once! That realtor need to step away from the thesaurus.
Remarkable, esteemed, luxurious, unparalleled, renowned, sprawling, impressive magnificent, exquisite.
And some of those more than once! That realtor need to step away from the thesaurus.
This quote is hidden because you are ignoring this member. Show Quote
yikes. they're what...$800k over on that?This quote is hidden because you are ignoring this member. Show Quote
Well it's 2 minutes to Aspen so that easily adds 800kThis quote is hidden because you are ignoring this member. Show Quote
Yeah, somewhere in that neighborhood. That's a comical asking price for a cookie cutter house in suburbia with no backyard.This quote is hidden because you are ignoring this member. Show Quote
Compared to this for $300k less: https://www.realtor.ca/real-estate/2...pringbank-hill
I’m saying an investment that falls under cap gains and that is passive (landlord is not) is better than something that falls under business activityThis quote is hidden because you are ignoring this member. Show Quote
What will get you more than 8%? Well… anything. Put it in SPY
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.This quote is hidden because you are ignoring this member. Show Quote
And you're at risk of capital depreciation.
Fuck RE as an asset class.
I was going to post this one, haha, WTFThis quote is hidden because you are ignoring this member. Show Quote
nice house. Shitty TV wall mount job.This quote is hidden because you are ignoring this member. Show Quote
whats the story behind listing something like this? I assume the realtor is annoyed at having their time wasted by a client demanding a super high asking price?This quote is hidden because you are ignoring this member. Show Quote
That's on the wrong side of 85thThis quote is hidden because you are ignoring this member. Show Quote
I think I cracked the case - terrible location - too far away from all the car washes! Think of how long it would take you to get downtown or to BMW Gallery!This quote is hidden because you are ignoring this member. Show Quote
Originally posted by scat19
I have a BMW so im not stupid.
A friend is looking in the area and - I think - mentioned this house... If it's the same house, it was originally listed at $1.9X and then they jacked the price after a couple of days, supposedly because the market is HAWT... Maybe 'Coupe can confirm if that's the case with pricing on this one?This quote is hidden because you are ignoring this member. Show Quote
Yes. I still have an active search portal for the neighbourhood since we moved here last year. Original LP was 1.9x, listed for 30 days, price increase today.This quote is hidden because you are ignoring this member. Show Quote
Nothing says "we should increase the price!" More than sitting listed for 30 days at an already insane price.
Unless it gets torn down and rebuilt into a fourplex as soon as the zoning changes. Until then it's just paying for itself and who gives a shit what the tenants do to it.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
It’s not paying for itself. It’s using your capital in an inefficient tax way with an 8% return… there is a cost to thatThis quote is hidden because you are ignoring this member. Show Quote
Speculation for the purpose of redevelopment is also a completely different business and not something I would recommend to anyone who doesn’t do that as their actual profession
Only an 8% return isn't great, but if they are predicting prices in our neighborhood to go up even higher after the rezoning, then it might be a win. It's definitely gambling, however if the Midtown LRT actually happens this place will be a prime target for infills like that. My guess is that between that one and the similar one down the street that also sold in the 700's, this is someone who is doing it as a profession.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
If your investment home is in a corp and you have less than five employees, it is considered passive income and is taxed at regular corp rates if you want to take out dividends. It does not qualify as a small business.
Sale of asset… the speculation is the only additional upside.This quote is hidden because you are ignoring this member. Show Quote
There are also going to be a ban on corps owning SFD homes, lending for corps is also limited and usually comes with higher interest rates
Fun reading:
https://wvllp.ca/resources/cra-widen...uAiwXY_EQEc_4u