Calgary real estate prospects

[ExtraSlow]

I heard your mortgage should be large enough to keep you awake at night.

[killramos]

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I heard your mortgage should be large enough to keep you awake at night.

Think of how much you will save in pharmaceuticals. You will be productive enough to work a second job to service the debt.

[haggis88]

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Home prices would indicate otherwise

OOP money?

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I heard your mortgage should be large enough to keep you awake at night.

General anxiety is enough for me kthxbye

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Think of how much you will save in pharmaceuticals. You will be productive enough to work a second job to service the debt.

Make the wife work?

[killramos]

Out of province money doesn’t explain why Toronto is even more bonkers than here. No one there is making any more money either.

[haggis88]

So perhaps what we seen retail wise in the first few months of lockdown/wfh?

People think they have a bunch more extra money since they're not commuting/lunching etc so spend on stuff they wouldn't usually? Like being able to afford a few hundred extra per month on a mortgage without considering the actual total cost?

[ThePenIsMightier]

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So perhaps what we seen retail wise in the first few months of lockdown/wfh?

People think they have a bunch more extra money since they're not commuting/lunching etc so spend on stuff they wouldn't usually? Like being able to afford a few hundred extra per month on a mortgage without considering the actual total cost?

That's as good a guess as any.
I think the bulk of savings comes from declining child care. I've paid >$3k per month for that and if it was a different time and we were in a different position and we were short term thinking morons, we could "save that money" and let iPads raise our kids while we WfH. That's a convertible Jaguar and an extra $700k of house.

What could go wrong?

[haggis88]

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That's as good a guess as any.
I think the bulk of savings comes from declining child care. I've paid >$3k per month for that and if it was a different time and we were in a different position and we were short term thinking morons, we could "save that money" and let iPads raise our kids while we WfH. That's a convertible Jaguar and an extra $700k of house.

What could go wrong?

We did calculate that the wife is better off working PT/Casual than us paying for childcare and her going back to FT. Although she works in a "living wage" position, I'd imagine it would be a little different if she was in another profession.

I also wish she wasn't such a bleeding heart when it comes to animals, they cost me more than anything

[Disoblige]

Looking forward to 2023 property tax assessment

[CompletelyNumb]

"asking prices don't matter! Most sales have no conditions! Most deals are sight unseen!"

Why do Realtors exist again?

[killramos]

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"asking prices don't matter! Most sales have no conditions! Most deals are sight unseen!"

Why do Realtors exist again?

No one is forcing you, you can market your house yourself all you want.

[90_Shelby]

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I heard your mortgage should be large enough to keep you awake at night.

I heard more leverage is better. It enables everyone to invest more and the return from your investments will cover the cost of your mortgage so house price is irrelevant. It’s basically free money.

[ExtraSlow]

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No one is forcing you, you can market your house yourself all you want.

Yes, there's lots of alternatives to sell your home. Full price realtors, low cost realtors, self-listing sites, Kijiji, Facebook marketplace, sign on the lawn etc.

The cost of realtors is not the most important part of that relationship.

[kobe tai]

I work for one of the largest home builders and this situation is getting rediculous. The buyers are like 95% east indian, all referred here by realtors that are putting on investment seminars in Ontario or through tik-tok investors. Totally fucking any local buyers now. Some are moving here too but I constant get calls from realtors wanting 5-15 lots at a time.

[ExtraSlow]

Actual photo of those realtors:

[kobe tai]

Lol something like that

[killramos]

These problems have a way of correcting themselves over tine

[Tik-Tok]

So basically Calgary has become the new "land in Florida".

[Disoblige]

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I work for one of the largest home builders and this situation is getting rediculous. The buyers are like 95% east indian, all referred here by realtors that are putting on investment seminars in Ontario or through tik-tok investors. Totally fucking any local buyers now. Some are moving here too but I constant get calls from realtors wanting 5-15 lots at a time.

Time to market condos as extremely lucrative investments!

[TomcoPDR]

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I work for one of the largest home builders and this situation is getting rediculous. The buyers are like 95% east indian, all referred here by realtors that are putting on investment seminars in Ontario or through tik-tok investors. Totally fucking any local buyers now. Some are moving here too but I constant get calls from realtors wanting 5-15 lots at a time.

When is it time to stock up on some new horizon mall units

[ExtraSlow]

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When is it time to stock up on some new horizon mall units

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People who have real estate as an investment should be really careful in this frothy market. People own one house and live in it can calm the fuck down, turn off facebook and sleep easy