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Thread: Calgary real estate prospects

  1. #1941
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    Just more evidence to support my theory that the real estate market is hawt.

    Oh wait...

  2. #1942
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    Quote Originally Posted by sabad66 View Post
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    Closed on our townhouse today.

    We had about 25 showings over 3 weeks and only one offer. Most of the feedback we got was that condo fee was too high ($509/month).

    Final accepted amount was 15k less than we paid in 2015 so overall pretty happy with outcome especially with the market cooling off big time lately. It was a blessing in disguise that our tenants asked to leave a month early.
    Your place is by sandstone right? I thought mine was bad at $360 for a th in country hills



    Quote Originally Posted by Buster View Post
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    Just more evidence to support my theory that the real estate market is hawt.

    Oh wait...
    Not anymore lol
    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.

  3. #1943
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    $509 isn’t even that high. I know someone who’s 2 bedroom place in Bankview is over $800 a month and the building isn’t even 20 years old yet.

  4. #1944
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    Market is still crazy.

    We bid on a house, list price $798,000.00 we bid $1m and lost

    Another house, list price $964,000.00 we bid $1m and lost.

    Nice homes, good locations still selling fast and above ask.

    This was in the past week.

  5. #1945
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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    $509 isn’t even that high. I know someone who’s 2 bedroom place in Bankview is over $800 a month and the building isn’t even 20 years old yet.
    Newer buildings often have very high fees due to the amenities.

  6. #1946
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    Good ones still moving fast.

    We were bidding on an inner city property last week. The math sucked as a rental investment (-$1K cash flow with 20% down on current tenant) but we really liked the location. It was listed for $600K, which we thought was on the high side so went in at $580K with no conditions to 'work our way up". They didn't even ask us to counter. Sold for $688K.

  7. #1947
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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    $509 isn’t even that high. I know someone who’s 2 bedroom place in Bankview is over $800 a month and the building isn’t even 20 years old yet.
    This is the reason why only detached housing is hawt. Everything else is not even smoldering yet.

    That said, good of seniors if they are ready to downsize or start assisted living.

  8. #1948
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    Quote Originally Posted by Xtrema View Post
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    This is the reason why only detached housing is hawt. Everything else is not even smoldering yet.

    That said, good of seniors if they are ready to downsize or start assisted living.
    We helped get our inlaws into a nice place in Discovery Ridge at a really good price because of the crappy condo market. Its everything you could want if you're old as fuck but can still kick it on your own. They made out like bandits on their single detached home back in Saskatchewan.
    Quote Originally Posted by rage2 View Post
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    ...Last thing I want is someone reading my posts and losing their cock over it...
    Quote Originally Posted by Sugarphreak
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    Meh, they all look like Jackie Chan to me
    Quote Originally Posted by ExtraSlow View Post
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    I'm generally cute.

  9. #1949
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    Quote Originally Posted by zechs View Post
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    I didn't know "virtual staging" was a thing, wtf?
    Should just wear VR goggles all day and remain in your current home. Pretend it's a Hollywood mansion.

  10. #1950
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    Name:  Screenshot_20220508-093143_Meme Generator Free.jpg
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    Why would anyone stage!? $88k over asking and no conditions, Bro!

    Market.
    Is.
    Hawt!

  11. #1951
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    Quote Originally Posted by ThePenIsMightier View Post
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    Why would anyone stage!? $88k over asking and no conditions, Bro!

    Market.
    Is.
    Hawt!
    Devils advocate?

    I would say because in a lot of cases it works. If it’s the difference between 8k over and 88k over that’s a win every time.

    Impressions matter and alotmof people have no taste.
    Last edited by killramos; 05-08-2022 at 10:06 AM.
    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.

  12. #1952
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    Normally I'd agree, but a huge % of houses are being bought site unseen.

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    Quote Originally Posted by vengie View Post
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    Normally I'd agree, but a huge % of houses are being bought site unseen.
    I would say a substantially smaller % of those are being bought without looking at pictures lol

    Staging matters for photos
    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.

  14. #1954
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    Quote Originally Posted by killramos View Post
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    I would say a substantially smaller % of those are being bought without looking at pictures lol

    Staging matters for photos
    Virtual staging brah!

  15. #1955
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    Quote Originally Posted by rage2 View Post
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    If I had known you guys would end up being such bitches, I would’ve opened the parenting forum.

  16. #1956
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    Quote Originally Posted by zechs View Post
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    This is a good sign. The reliance of our GDP on an unproductive real estate market is crowded out capital that could be much better used elsewhere.

  17. #1957
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    Quote Originally Posted by Buster View Post
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    This is a good sign. The reliance of our GDP on an unproductive real estate market is crowded out capital that could be much better used elsewhere.
    If that's all it took to slow down spending then maybe it's a good thing? Unless prices continue to rise without new demand.

  18. #1958
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    Quote Originally Posted by Cagare View Post
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    If that's all it took to slow down spending then maybe it's a good thing? Unless prices continue to rise without new demand.
    Rising without demand is a tricky thing to pull off!

  19. #1959
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    Quote Originally Posted by Buster View Post
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    Rising without demand is a tricky thing to pull off!
    #stagflation

    I mean, isn't that partially what occurred during the pandemic. At least in the early days before demand started spiking. Exercise equipment was a good example of this early on in the pandemic as most of it was produced in China which was already shutting down factories for months before we started into it.

    Honestly, I think it will be a miracle if they can taper demand and tame inflation without cratering the economy.

  20. #1960
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    Quote Originally Posted by Cagare View Post
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    Honestly, I think it will be a miracle if they can taper demand and tame inflation without cratering the economy.
    Canada is pretty well guaranteed a recession. Except Alberta.

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