Calgary real estate prospects

[Buster]

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Some of the prices infills are getting in Altadore are absurd right now. Most of these homes you can barely call single family, your what 2-3 feet apart from your neighbor and people are spending $1.5m+? What’s wrong with people haha

Infill refers to the colon of the buyer

[CompletelyNumb]

Next year they will be 2MM, now's the time to buy! - realtor (sadly not wrong)

[pheoxs]

https://www.realtor.ca/real-estate/2...lgary-altadore

1.5 Mill duplex (sorry, semi-attached). The fuck?

[89coupe]

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Some of the prices infills are getting in Altadore are absurd right now. Most of these homes you can barely call single family, your what 2-3 feet apart from your neighbor and people are spending $1.5m+? What’s wrong with people haha

I have two 25’ wide lots with detached homes going on them in Richmond. $1.3M each
Will sell right away I’m sure.

I have two 30’ wide lots with detached in Killarney $1.34m each. Will most likely sell right away.

I have two 50’ wide lots with two detached going up on them. One in Elboya, one in Rosedale. Will be $3M each. Will sell right away I'm certain.

Calgary market is hot.

[jabjab]

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I have two 25’ wide lots with detached homes going on them in Richmond. $1.3M each
Will sell right away I’m sure.

I have two 30’ wide lots with detached in Killarney $1.34m each. Will most likely sell right away.

I have two 50’ wide lots with two detached going up on them. One in Elboya, one in Rosedale. Will be $3M each. Will sell right away I'm certain.

Calgary market is hot.

Aren't you building a semi detached in Montgomery?

[bjstare]

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Aren't you selling a semi detached in Montgomery?

ftfy

[89coupe]

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Aren't you building a semi detached in Montgomery?

No

We aren’t doing any semi detached anymore.

[pheoxs]

Whelp, inflation rose this month instead of the expected slight drop. Curious if that'll mean further rate hikes in the coming months now.

[max_boost]

So what that mean for 89coupe buyers who pay cash?

I’ll be in the market in 2-3 years so im just watching commenting until then lol I don’t want no 600k mortgage tho so imminent crash pls

[89coupe]

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So what that mean for 89coupe buyers who pay cash?

I’ll be in the market in 2-3 years so im just watching commenting until then lol I don’t want no 600k mortgage tho so imminent crash pls

If you are smart, buy the land now, rent it until you are ready to build on it.

[Buster]

ah yes, the (highly) leveraged long position on RE.

Never goes bad.

[89coupe]

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ah yes, the (highly) leveraged long position on RE.

Never goes bad.

He said 2-3 years
The appreciation on the land will be far greater than the interest he pays in 3 years.
Especially with a renter in place.

[SJW]

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He said 2-3 years
The appreciation on the land will be far greater than the interest he pays in 3 years.
Especially with a renter in place.

Remind me! 2-3 years.

[bjstare]

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Whelp, inflation rose this month instead of the expected slight drop. Curious if that'll mean further rate hikes in the coming months now.

I'm not that type of engineer, but I assume inflation figures lag rate hikes by a significant amount. e.g., all the people that are near the beginning of their 3-5 year terms won't get well and truly fucked until they renew. Which means, there's a possible scenario where rate hikes and inflation continue to increase in parallel for quite some time.

[Chester]

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@Chester didn’t you do something similar to this?? Or am I crazy

Yup, did it on both houses. Jayman rented both for two years, replaced whatever I wanted at the end to make them like new. Win.

[Buster]

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I'm not that type of engineer, but I assume inflation figures lag rate hikes by a significant amount. e.g., all the people that are near the beginning of their 3-5 year terms won't get well and truly fucked until they renew. Which means, there's a possible scenario where rate hikes and inflation continue to increase in parallel for quite some time.

The inflation numbers are all fucking manufactured anyway.

- - - Updated - - -

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He said 2-3 years
The appreciation on the land will be far greater than the interest he pays in 3 years.
Especially with a renter in place.

you can be long for a day or a year or 3 years.

[Rocket1k78]

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Next year they will be 2MM, now's the time to buy! - realtor (sadly not wrong)

Now really is the time to buy. Our prices are just going to rise until it completely crashes lol

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ftfy

[bjstare]

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We aren’t doing any semi detached anymore.

For a sales guy, you sure sound a lot like an owner/developer.

[you&me]

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For a sales guy, you sure sound a lot like an owner/developer.

How much do you want to be that this developer doesn't refer to 'Coupe as "we" the same way he does?

[Buster]

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How much do you want to be that this developer doesn't refer to 'Coupe as "we" the same way he does?

Hahahahahaha