Calgary real estate prospects

[bjstare]

I've said it at least once before, but this thread delivers.

[89coupe]

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For a sales guy, you sure sound a lot like an owner/developer.

My builders treat me like a partner in their businesses, it becomes habit to speak as if I am.

It’s a great situation.

[CompletelyNumb]

2 realtors caught submitting fake bids to drive up prices. I'm shocked.

https://www.youtube.com/watch?v=8AypRNOxLAw

I like how Remax fired them and said "this goes against our code of ethics". But no mention of laws. is this not illegal?

[ercchry]

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2 realtors caught submitting fake bids to drive up prices. I'm shocked.

https://www.youtube.com/watch?v=8AypRNOxLAw

I like how Remax fired them and said "this goes against our code of ethics". But no mention of laws. is this not illegal?

RECA has a rule that’s basically “you can’t say or do anything that puts the industry in a bad light” …even personal social media posts can get you in trouble if the account says you’re an industry member.

So this would at a minimum fall under that. What’s better is that the brokerage is ultimately responsible for this too

[suntan]

Fiduciaries.

[mr2mike]

I know this is the wrong time to buy because the friends that are motivated by emotion are all moving from renting to buying new infills.

[suntan]

Gross, you have friends that rent? Are those even friends?

[max_boost]

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I know this is the wrong time to buy because the friends that are motivated by emotion are all moving from renting to buying new infills.

that is definitely the sign lol

[jabjab]

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I know this is the wrong time to buy because the friends that are motivated by emotion are all moving from renting to buying new infills.

Most infills now are starting at 900k and seen as high as 1.5 million

[vengie]

Easily affordable for any young professional couple.

[suntan]

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Easily affordable for any young professional couple.

Just work until 7pm.

[msommers]

Do you work to 7pm? You make 7 figures.

Things are still moving quickly in our area and surrounding.

[mr2mike]

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Easily affordable for any young professional couple.

Great investment, prices only go up.
Not like that stupid stock market.

[Xtrema]

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I know this is the wrong time to buy because the friends that are motivated by emotion are all moving from renting to buying new infills.

Not sure if it's emotion but start to hear some are subscribing to RE as inflation hedge. But I think most renters are pissed that rent went up 15-20% and thinking paying even more to a lender on a mortgage is somehow better?

And some thinks inflation will hover around 4-5% for a long time instead of 2% of the past.

[Manhattan]

The amount of interest & debate is good indication of why RE is so hot still at least locally. If you bought a house and the payments are within reason compared to your income just go about your life. If you're renting and can't afford to buy then leave it alone. People are trying to turn the housing market into the stock market in terms of keeping tabs on daily fluctuations.

[msommers]

Rent increases have been around 30%, it's pretty nuts.

But also rent has been cheap the last...5-7 years? LLs were either just covering their costs or negative cashflow. The idea of a rental property being their god-given right and not a business is lost on some renters.

[CompletelyNumb]

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LLs were either just covering their costs or negative cashflow.

If the LL's were newer buyers, yeah. Anyone who had owned their property for double digit years has been doing fine.

Just don't talk about it on Reddit, LL's are all evil corporations there.

[suntan]

Landlords suck, but that's part and parcel of renting.

And redditors are idiots. Fucking imbeciles are going to be 60 years old on there still complaining about life.

[pheoxs]

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Fucking imbeciles are going to be 60 years old on there still complaining about life.

Isn't that just beyond?

[suntan]

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Isn't that just beyond?

We complain about 'leet shit. Redditors complain about crap like "I have no skills, min wage should be $20/hr so I can be sustainable!"