Calgary real estate prospects

[ercchry]

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$98,000 annual rent revenue from multiple illegal basement suites.

I'm shocked the realtor didn't fail the "investment opportunity!!!!" litmus test.

What’s great is it won’t even cashflow with that amount of revenue and today’s rates on a rental

[89coupe]

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Yeah, it's clearly a tear down... But the math is retarded based on the asking price... which seems completely consistent with the rest of the listing.

@89coupe - is there any math component to the Realtor® licensing exam? Or do they just put a bunch of crayons on a table and anyone that doesn't eat them gets to be a Realtor®? Something tells me ol' Ron Lockhart maybe snuck a bite when no one was looking. Jesus.

Very little
The commercial license requires some.

It’s embarrassing how little professionalism there is in the industry.

[pheoxs]

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Yeah, it's clearly a tear down... But the math is retarded based on the asking price... which seems completely consistent with the rest of the listing.

@89coupe - is there any math component to the Realtor® licensing exam? Or do they just put a bunch of crayons on a table and anyone that doesn't eat them gets to be a Realtor®? Something tells me ol' Ron Lockhart maybe snuck a bite when no one was looking. Jesus.

Realtors take a standardized test when it comes to market evaluations. Feel free to take the test below.

Question 1: Detached listings have fallen in price by 4.9% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 2: Apartment listings have risen by 24% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 3: The municipal water system has collapsed resulting in poor drinking water for all residences. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 4: The city spent 14 billion on a new sports plaza and anticipates raising property taxes by 57% over the next 3 years. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

If you answered B to any question please review the material and try again.

[ThePenIsMightier]

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Realtors take a standardized test when it comes to market evaluations. Feel free to take the test below.

Question 1: Detached listings have fallen in price by 4.9% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 2: Apartment listings have risen by 24% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 3: The municipal water system has collapsed resulting in poor drinking water for all residences. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 4: The city spent 14 billion on a new sports plaza and anticipates raising property taxes by 57% over the next 3 years. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

If you answered B to any question please review the material and try again.

I think all questions are missing the option C) Good time to buy.

[riander5]

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Realtors take a standardized test when it comes to market evaluations. Feel free to take the test below.

Question 1: Detached listings have fallen in price by 4.9% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 2: Apartment listings have risen by 24% over the past year. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 3: The municipal water system has collapsed resulting in poor drinking water for all residences. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

Question 4: The city spent 14 billion on a new sports plaza and anticipates raising property taxes by 57% over the next 3 years. What is the current state of the market?
A) Good time to buy
B) Bad time to buy

If you answered B to any question please review the material and try again.

Hahahahahaha this made me laugh. I do agree with PenIs though, it could look like this -

a) buyers market, definitely a good time to buy
b) sellers market, so it's a good time to buy
c) Don't throw your money away on rent! it's just a good time to buy

[ExtraSlow]

Trick question, it's always a good time to buy.

[msommers]

But also a good time to sell.

One of my neighbours recently got his realtor's license as a part-time job to his regular job, solely to be the selling realtor for his mom's house and buying realtor for their rental house to save on commission/total price.

He said he pays some desk fee, yearly license fee and whatever else I can't remember, but the overall yearly fees were negligible against the savings in commission.

His summary of the test was "I studied casually on the weekends for a month. It was an absolute joke, the bar is so low."

Now I don't believe anyone has ever said the test was difficult, but when the entry to a professional position with fiduciary duties is "an absolute joke", why bother with a test at all.

[ExtraSlow]

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But also a good time to sell.

Obvs

[89coupe]

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But also a good time to sell.

One of my neighbours recently got his realtor's license as a part-time job to his regular job, solely to be the selling realtor for his mom's house and buying realtor for their rental house to save on commission/total price.

He said he pays some desk fee, yearly license fee and whatever else I can't remember, but the overall yearly fees were negligible against the savings in commission.

His summary of the test was "I studied casually on the weekends for a month. It was an absolute joke, the bar is so low."

Now I don't believe anyone has ever said the test was difficult, but when the entry to a professional position with fiduciary duties is "an absolute joke", why bother with a test at all.

Seems like a big waste of time and money.

Why not list with a 1% company and offer the buyers agent a commission.

Seems like he didn’t do his homework lol

[jutes]

Clear cut example of an industry that needs to be run by the federal government, because WTF does the Minister of Housing even do? They should be selling houses.

Something we can attach to the CRA for maximum efficiency.

[ThePenIsMightier]

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Clear cut example of an industry that needs to be run by the federal government, because WTF does the Minister of Housing even do? They should be selling houses.

Something we can attach to the CRA for maximum efficiency.

And the government does eat quite a few crayons, so... It just makes sense.

[CompletelyNumb]

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Clear cut example of an industry that needs to be run by the federal government, because WTF does the Minister of Housing even do? They should be selling houses.

Something we can attach to the CRA for maximum efficiency.

People can go to the registry and wait in line for a license to own a home, which of course requires a test. They then need to book a showing with a government trainer. Finally, they need to buy a form to make an offer on a property.

Government surplus go brrrrrrrrrrr.

[JfuckinC]

For Sale: charming 2 storey in desirable Douglas glen, with recent 150sqft addition. Located a stone throw away from the worst Dairy Queen in the city.

[bjstare]

Haha the closer you look, the worse it gets.

[Tik-Tok]

Is that a chicken coop?

[pheoxs]

I really don't understand the whole quarry park area. Who is going to pay 615k for a 2 bed condo <1000 sqft that starts with a $500 a month condo fee which will presumably double in 5 years.

427, 255 Les Jardins Park SE, Calgary, Alberta T2C5V3 - A2098595 | REALTOR.ca

[Tik-Tok]

Those artist renditions look worse than a Roblox game.

[Twin_Cam_Turbo]

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Those artist renditions look worse than a Roblox game.

I like the Acura CSX with R35 GTR wheels though.

[msommers]

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I really don't understand the whole quarry park area. Who is going to pay 615k for a 2 bed condo <1000 sqft that starts with a $500 a month condo fee which will presumably double in 5 years.

427, 255 Les Jardins Park SE, Calgary, Alberta T2C5V3 - A2098595 | REALTOR.ca

People working in Quarry Park. They should just make that whole community executive rentals

[Tik-Tok]

In a few years the Greenline will be across the street from that place. Some might find that appealing.