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Thread: Calgary real estate prospects

  1. #1401
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    Quote Originally Posted by Pauly Boy View Post
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    Imagine selling a condo at a $30k profit nowadays, rofl.
    Does not compute. Pr.. Proe-fet?

    I only know prolapse.

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    Quote Originally Posted by pheoxs View Post
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    I only think that's possible if you are a realtor. Otherwise you're going to be paying a chunk of commissions each time. But if you're a buying realtor you pocket commission each flip, so perhaps it's possible.
    I just caught ExtraSlow's comment now to me...ya right now, I'm not happy about my homes in my old hood selling for $100,000 more but I don't regret my decision. It's Feb 2 here in Vancouver and there's an extreme weather warning because tomorrow is going to be a high of 0 degrees I kid you not lol...it's been wonderful living here on the North Shore and I dont regret it, it is what it is.

    In our world, as long as we're not spending more than we're making, we're fine with it....helps that we dont have kids, but even after a year, we're still saving cash, if the prices come back to earth or crash, we'll be ready.
    Last edited by JohnnyHockey13; 02-22-2022 at 05:23 PM.

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    Quote Originally Posted by JohnnyHockey13 View Post
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    I just caught ExtraSlow's comment now to me...ya right now, I'm not happy about my homes in my old hood selling for $100,000 more but I don't regret my decision. It's Feb 2 here in Vancouver and there's an extreme weather warning because tomorrow is going to be a high of 0 degrees I kid you not lol...it's been wonderful living here on the North Shore and I dont regret it, it is what it is.

    In our world, as long as we're not spending more than we're making, we're fine with it....helps that we dont have kids, but even after a year, we're still saving cash, if the prices come back to earth or crash, we'll be ready.
    whatever helps you sleep at night

  4. #1404
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    A combination of alcohol and barbituates?

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    Quote Originally Posted by Xtrema View Post
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    But I have seen a couple that did the shuffle and moved from a $350K place in 2004 and ends with a $1.2M place in 2008 with only $100K added to the mortgage and via 2 moves (was told, so take it with a grain of salt).
    JordanEG6 uncle situation is very different than this as hes thinking he can sell his at the peak and buy a similar or bigger for less money where as your friends bought and held onto and got lucky with that boom.
    Quote Originally Posted by Mitsu3000gt View Post
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    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
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    If anything we made a better decision because we had a consensus and were all on the same page.

  6. #1406
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    Quote Originally Posted by Rocket1k78 View Post
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    JordanEG6 uncle situation is very different than this as hes thinking he can sell his at the peak and buy a similar or bigger for less money where as your friends bought and held onto and got lucky with that boom.
    Oh, didn't really read that thru as I was offline most of the weekend.

    That's dumb. The only way to get more for less is to move away from Calgary. May be Edmonton to a degree?

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    Quote Originally Posted by Buster View Post
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    never live on a street that requires a painted yellow line
    This times a million. Also, you can check traffic counts on the City of Calgary website, they are readily available for most streets.

    So even if you are close to a street you can get an understanding of relative business. We did this when we bought our current lot. We also checked on flood risk but that tool is not readily available to the general public.

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    I’ve been able to find lots of detail in flood risk between the rovinxe and the cities websites.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    I’ve been able to find lots of detail in flood risk between the rovinxe and the cities websites.
    Those are helpful but there are higher forms of accuracy not yet available.

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    Flood risk is not that hard to figure out if you have a few minutes time. Look at elevation fi nearby water bodies, and elevation of street in front of your house, and look at the public flood mapping, and you can figure shit out pretty well.
    Being 3m above the nearest known flood risk area is a good start.

    If that process takes more than 15 minutes for a house you are interested in, then your internetting skillz are weak.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    You mean a topographic map?
    I don't think sewer backups are tracked for public use is it? Would be nice, then I can attempt to reduce my insurance.

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    The Alberta flood risk map: https://floods.alberta.ca/
    Then yeah, a topo map, ideally online. This one works: https://en-ca.topographic-map.com/maps/fecl/Calgary/
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    What you really want is your property’s DMTI score

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    I'm certain there are better ways to do what I'm suggesting, but what I have given is free online resources that anyone should be able to use. Honestly, if you are capable of understanding a vehicle purchase, or do your own taxes, this is easier.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    The provincial flood map is based on AEP flood hazard studies. I won't get into too much detail, but they are not useful for urban related flood risks.

    Also, topo maps and City maps won't tell you the contributing areas to trap lows in the City. They won't show you streamlines through private property either or critical flow paths. Anyone with enough skill in GIS could analyze flood risk in greater detail using some of that information for sure though.

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    I forgot the whole story but that mcmansion with the gold statues on 22x is supposed to be in a major flood zone or something like that
    Quote Originally Posted by Mitsu3000gt View Post
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    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
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    If anything we made a better decision because we had a consensus and were all on the same page.

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    Quote Originally Posted by ExtraSlow View Post
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    I'm certain there are better ways to do what I'm suggesting, but what I have given is free online resources that anyone should be able to use. Honestly, if you are capable of understanding a vehicle purchase, or do your own taxes, this is easier.
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    If you need more detail than the already pretty thorough mapping the city has provided you need to really start questioning your choices of real estate “investment” location lol
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  18. #1418
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    That exactly.

    - - - Updated - - -

    I'm a solid 14m above areas that are likely to have stormwater pooling, and 38m above the nearest water body. I'm comfortable with that, lol.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  19. #1419
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    Quote Originally Posted by Xtrema View Post
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    Oh, didn't really read that thru as I was offline most of the weekend.

    That's dumb. The only way to get more for less is to move away from Calgary. May be Edmonton to a degree?
    Or Aspen to Skyview lol
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  20. #1420
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    Quote Originally Posted by JordanEG6 View Post
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    Or Aspen to Skyview lol
    Boy you haven't got the memo?

    https://www.realtor.ca/real-estate/2...-skyview-ranch

    Skyview is Aspen of NE.

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