Calgary real estate prospects

[killramos]

1 He lies

2 People are cheap

[TomcoPDR]

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1 He lies

2 People are cheap

These are $900,000 infills though…. Ok, just realized I’m among the Beyond poorman crew.

[killramos]

Wealthy people can still be cheap.

If market value is 1-1.1 for such a unit and he’s selling them for 850-900 people will ignore a lot of warning signs.

Just as an example.

[ercchry]

Something, something fiduciary duty… something, something

[killramos]

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Something, something fiduciary duty… something, something

Something something giant loan secured against said house of cards with no due diligence something something.

There has to be some kind of glass house comment in there.

[mr2mike]

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Saw that too, never in a million years would i think id see that price there
https://calgaryhomes.ca/listing/a119...berta-t3j-0j1/

[ExtraSlow]

A duplex where they forgot the dividing wall, super.

[riander5]

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Something, something fiduciary duty… something, something

I thought we had to not be poor! God damn it all!

[mr2mike]

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A duplex where they forgot the dividing wall, super.

Aspen loves wife swapping.
Ashley Madison leak taught me that.

[ercchry]

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Something something giant loan secured against said house of cards with no due diligence something something.

There has to be some kind of glass house comment in there.

Intermediary, no fiduciary duty

[Rocket1k78]

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[msommers]

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Beyond RE gurus

How does this builder even get occupancy? And able to complete the sale of their builds.

https://calgaryherald.com/business/d...ode-violations

A crazy fact of construction companies is that they'll slap new homes up and fold/declare bankruptcy of the business a few years later, only to open up a new one under a different name to try escape record and warranty work. For some this is their bread and butter of operating.

Anyone building a new home should do a corporate search of the building company and see how long they've existed for. Or look how many of the same owner names pop up.

So much shady shit happens in real estate construction and not just the builder, various companies along the way from trades to install of big items like granite, I don't think I could bring myself to rely on a new build unless it was some baller operator like Trickle Creek or our friends company who I'd trust.

[89coupe]

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A crazy fact of construction companies is that they'll slap new homes up and fold/declare bankruptcy of the business a few years later, only to open up a new one under a different name to try escape record and warranty work. For some this is their bread and butter of operating.

Anyone building a new home should do a corporate search of the building company and see how long they've existed for. Or look how many of the same owner names pop up.

So much shady shit happens in real estate construction and not just the builder, various companies along the way from trades to install of big items like granite, I don't think I could bring myself to rely on a new build unless it was some baller operator like Trickle Creek or our friends company who I'd trust.

Trickle Creek is definitely not baller haha.

But yes, do your due diligence.

I’m shocked this happened considering the city should be monitoring all stages of builds.

The city should have much more strict guidelines for any construction.

[msommers]

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Trickle Creek is definitely not baller haha.

But yes, do your due diligence.

I’m shocked this happened considering the city should be monitoring all stages of builds.

The city should have much more strict guidelines for any construction.

What builders do you trust?

[Buster]

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What builders do you trust?

you have to sign a buyer's agreement first.

[TomcoPDR]

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What builders do you trust?

Find out at the 19th hole

[Disoblige]

A little birdie told me downtown condos is "hot"?

Or is that realtor a dumbass?

[89coupe]

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What builders do you trust?

I don’t trust any of them haha.

But when I think luxury builder, Rockwood is the first name that comes to mind.

[bjstare]

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I don’t trust any of them haha.

But when I think luxury builder, Rockwood is the first name that comes to mind.

Rockwood is entry level baller for home builders. Any company that builds spec homes isn’t that special.

[ThePenIsMightier]

My friend used to have a home built by California Custom Homes and it was a beautiful house that seemed well built and he had no issues with.

When I checked their name just now I see them building in Walden so that makes me a little the confuse.

His was in Evergreen Estates.