Calgary real estate prospects

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

Its not just about working downtown.

Totally.

The selfishness in me just wants to talk about my underwater condos and how it affects memememe

[ercchry]

Sorry, but I just can’t imagine feeling sorry for firefighters’ compensation structure

[Xtrema]

This quote is hidden because you are ignoring this member. Show Quote

Its not just about working downtown. If housing becomes exceedingly expensive across the city its lower wage workers who end up being forced to live in NE ghettos and commuting into the communities they work in. You end up in a situation where teachers, firefighters, grocery/retail staff all commuting across (or from outside) the city to get to work.

- - - Updated - - -

It boils down to housing being an essential good and when it becomes exceedingly high it has all sorts of negative unintended consequences.

Or people need to adjust expectation what housing is. There are still plenty of apartments in the burbs for under $200k which are affordable. But seems like everyone want standard housing to be 2000sqft and a yard.

[Tik-Tok]

Condos would be a lot more acceptable if they weren't all wood framed with at least one guaranteed shitty neighbor.

[Manhattan]

This quote is hidden because you are ignoring this member. Show Quote

Or people need to adjust expectation what housing is. There are still plenty of apartments in the burbs for under $200k which are affordable. But seems like everyone want standard housing to be 2000sqft and a yard.

This is true to an extent. $200K burb apartment would be a reasonable/desirable option if it was in a vibrant & walkable neighborhood like much of Toronto/Van. Lets face it - people want detached homes in the burbs for the extra space not the vibrancy or convenience. The cheap apartments in Calgary that are sprinkled into each development are not spacious, vibrant, or convenient. People deserve at least one of things when buying a place.

UPDATE: Anecdotally from what I've seen the families who live in cheapo suburb apartments are a lot of single moms and families who are not in a financial position to have much choice in their living arrangement.

[Pauly Boy]

This quote is hidden because you are ignoring this member. Show Quote

UPDATE: Anecdotally from what I've seen the families who live in cheapo suburb apartments are a lot of single moms and families who are not in a financial position to have much choice in their living arrangement.

Oh, it's true.

It's why I still own and rent my underwater condo. At the time I was making $35k/y working at the swimming pool & the wife was just shy of that holding down 2 retail jobs. Every single person was either poor like us, single parent family or a student whose mom & dad bought the place.

It didn't help with any of the condo problems either because now your shitty neighbours are locked into 5 year mortgages and never leaving, lol.

[Rocket1k78]

This quote is hidden because you are ignoring this member. Show Quote

But seems like everyone want standard housing to be 2000sqft and a yard.

For a student maybe

[pheoxs]

I think burb condos would have a lot more appeal as little community plazas. Make it a cluster of 4 buildings shaped as L's with a garden in the middle and small shops at ground level. Throw a starbucks, yoga, gym, and brunch place in there and you'll probably have a happy group of buyers living there. But instead most just seem a generic condo box with nothing in walking distance.

[Darell_n]

My MIL just got 2 offers on a whim for her knockdown house in West Hillhurst for $.75 mil. Seems abnormally high, but what do I know.

[ExtraSlow]

If it's a 50 foot r2 lot in west hiillhurst then that's not crazy. I mean they are worth 500k in my shitty hood.

[killramos]

HAWT

obligatory lower case words

[finboy]

This quote is hidden because you are ignoring this member. Show Quote

If it's a 50 foot r2 lot in west hiillhurst then that's not crazy. I mean they are worth 500k in my shitty hood.

I hear that, I’m on 35x182 and I don’t think I’d be within 6 figures of that high of a price. The 50’+ lots are chest a platform for duplexes or 4000+square foot places

[Darell_n]

I guess she accepted the second offer already. Lives alone, no plans on what to do. Sheesh.

[ExtraSlow]

Rent for ever.

[Tik-Tok]

This quote is hidden because you are ignoring this member. Show Quote

I guess she accepted the second offer already. Lives alone, no plans on what to do. Sheesh.

Condos are still cheap.

[benyl]

This quote is hidden because you are ignoring this member. Show Quote

I guess she accepted the second offer already. Lives alone, no plans on what to do. Sheesh.

She is coming to live with you. Lol

[msommers]

This quote is hidden because you are ignoring this member. Show Quote

Condos are still cheap.

Don't remind me

8 year ownership, almost $0 made if I sold. At least I don't think I'd owe money if I off-loaded it *single tear while trying to smile*

[Disoblige]

750 now, 1.2 later.

[msommers]

How do I go straight to 7.2?

Sell an inner city bungalow.

[Darell_n]

This quote is hidden because you are ignoring this member. Show Quote

She is coming to live with you. Lol

Trust me, we ruled that out many years ago. Haha