I too enjoy finding fault in things I can't afford.
I too enjoy finding fault in things I can't afford.
Last edited by ExtraSlow; 06-21-2023 at 06:35 AM.
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What if you can't leave Calgary?This quote is hidden because you are ignoring this member. Show Quote
I don’t disagree, I just mean above $2.5 I feel like your options for just buying a lot essentially anywhere and building exactly what you want to whatever spec and design you want becomes a more logical choice. At that point value becomes a lot less relevant than getting specifically what you want.This quote is hidden because you are ignoring this member. Show Quote
Maybe you get lucky and someone else as built something very close to what you want where you want it. But I feel like Calgary homes north of $2.5 are far less commoditized than the market below that number is all.
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
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Then buy or build something just as nice for <$10mm. Unless you must live on the river, in that spot. But the buyer who's willing to pay for that exact house in that exact place because it's perfect for them sits in a pretty small (likely non-existent, IMO) niche.This quote is hidden because you are ignoring this member. Show Quote
I have yet to heard of an 8 figure sale (or attempt sale price)where the original owner hasn’t lost money (in or around calgary)
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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.This quote is hidden because you are ignoring this member. Show Quote
Sure, but my point is that if you can't leave Calgary, and $10mm gets you what you need to be happy here, then that makes sense to me.This quote is hidden because you are ignoring this member. Show Quote
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this is interesting. I wonder what the crossover point is.This quote is hidden because you are ignoring this member. Show Quote
How long before Beyond's $7.2M standard needs to be adjusted for inflation? What's the real number?
For those who are in the real-estate industry, how accurate do you find the Calgary numbers on Honest Door?
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
Incredibly close to exact.
Ultracrepidarian
My house is $90k higher than the appraisal I just got done
Edit: and the stats are only showing half my bathrooms… I’d hate to see how far off it is with that corrected
I think Zillow already proved this tech to be flawed
Last edited by ercchry; 06-21-2023 at 08:36 AM.
It's not about can't afford (though, to be clear...), but about seeing something silly and discussing. This is the $100k modified S2K of the Calgary housing market.This quote is hidden because you are ignoring this member. Show Quote
That's the thing though... I'm in this exact position, but building exactly what I want is a losing proposition... Now, I could just not be poor, but I'm also not committed to staying in Calgary for the long (or medium, or maybe even short) term, so the idea of building into a negative equity situation is gross.This quote is hidden because you are ignoring this member. Show Quote
In the case of the $10mm place, they paid $1.9 for the dirt in 2018... which was arguably high, as other newer ~5,000sf homes on similarly large lots on the river have (and are) sub-$4s, so it was probably thought to be a loser from the start...
ES might not like talking about it, but a rising tide lifts all boats, and even if my boat isn't this big, I feel like I'd personally benefit if this house sold for anywhere near the ask, but I just don't see it.
If you can't leave Calgary, you spend ~$4-5 like all the other rich people and put the other ~$5 into or towards a place in Palm Springs... Or Hawaii... Or NYC... Or Paris... Or literally any other top-tier market in the world that you'd like to have a(nother) home in.This quote is hidden because you are ignoring this member. Show Quote
The crossover point is $4-5ish, because that's the point of liquidity... The place on Marquette in Mount Royal I linked to earlier reportedly cost $20mm to build... Who's the fucking retard that signed those cheques? You don't spend $20 to build in Calgary (or even $10) because, as the data shows, the market will likely only give you $4-5 back.
Last edited by you&me; 06-21-2023 at 09:37 AM.
I guess. It's kinda the same reason I don't have a place in Fernie/Kelowna/Golden or wherever. Commuting to a vacation property is a pain in the ass. It's not insufferable like camping. But it's still annoying. My preference is to make your day to day life as pleasant as possible, rather than relying on looking forward to some escape type property. That's depressing. It's just a slightly more elegant version of the Walmart employee wishing their life away by spending the whole year anticipating a 2 week stint in some gross all inclusive in Mexico.This quote is hidden because you are ignoring this member. Show Quote
Depends how portable your skill set/income that pays for your lifestyle is I guess
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
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Only thing keeping me in town at this point is my family - I'm very close with parents/brother/sister.This quote is hidden because you are ignoring this member. Show Quote
Stop being poor, and bring them with you.This quote is hidden because you are ignoring this member. Show Quote
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Everybody has a weakness.This quote is hidden because you are ignoring this member. Show Quote
Ugh same.This quote is hidden because you are ignoring this member. Show Quote
yup. Extended family and rugrats keep me here.
I'm not sure when this market is going to bubble over because what I am seeing sometimes boggles the mind.
House down the street from me sold for $599K in 2021. They did a down to the studs reno (which was very well done). Owner is a builder. They listed for $1.75M and we thought they were insane. Sold in 4 days for $1.76M with a long possession date.
Interest rates be dammed.
Maybe someone from Ontario who likes Five guys instead of the Catcus club.
My Tesla referral link: https://ts.la/moon14483
Tesla new owner FAQ: https://forums.beyond.ca/threads/411...37#post4928237
Problem is.. even if you didnt have local ties, where would be a better place to go thats affordable, has jobs and easy to move to? Cant think of too many places that have all 4.
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