Calgary real estate prospects

[riander5]

https://www.jordanlotoski.com/idx/A1...a-link-nw.html

Holy fuck, this market is absolutely crazy. Middle of nowhere in the NE of the NW, non existent backyard that i'd feel bad making a dog shit in, next to a real nice alley, some beautiful old brown wood throughout. I honestly wouldn't pay $600,000 for it, but I imagine thats what it was worth 2 years ago.

I may never own a house if a correction doesn't come. Ill just sit in a rental stewing about how fucked the market is and refuse to get in till im old and gray.

PS this wasnt to knock Jordan or his selling of this house in particular

[bjstare]

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https://www.jordanlotoski.com/idx/A1...a-link-nw.html

Holy fuck, this market is absolutely crazy. Middle of nowhere in the NE of the NW, non existent backyard that i'd feel bad making a dog shit in, next to a real nice alley, some beautiful old brown wood throughout. I honestly wouldn't pay $600,000 for it, but I imagine thats what it was worth 2 years ago.

I may never own a house if a correction doesn't come. Ill just sit in a rental stewing about how fucked the market is and refuse to get in till im old and gray.

PS this wasnt to knock Jordan or his selling of this house in particular

Haha basically my exact thoughts when I saw that post. Nothing to do with Jordan, just a commentary on the crazy market.

[suntan]

At this rate I'll need to buy two houses for my kids.

[riander5]

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At this rate I'll need to buy two houses for my kids.

Buy them something in the metaverse maybe they can live there and save some cash

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Haha basically my exact thoughts when I saw that post. Nothing to do with Jordan, just a commentary on the crazy market.

Just had a buddy list his place in Aspen, listed for 640, what he figured was 40k over the value, and it sold for 720 two days later. Starter home on a main artery road in Aspen aka kids cannot play out front

[Xtrema]

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https://www.jordanlotoski.com/idx/A1...a-link-nw.html

Holy fuck, this market is absolutely crazy. Middle of nowhere in the NE of the NW, non existent backyard that i'd feel bad making a dog shit in, next to a real nice alley, some beautiful old brown wood throughout. I honestly wouldn't pay $600,000 for it, but I imagine thats what it was worth 2 years ago.

I may never own a house if a correction doesn't come. Ill just sit in a rental stewing about how fucked the market is and refuse to get in till im old and gray.

PS this wasnt to knock Jordan or his selling of this house in particular

Actually, with basement built out and nice fixings and huge deck, I bet this will go above asking. The only knock against this house is it being next to a backlane so he got a few more neighbors directly next to him.

This house won't fetch a dime over $600k last year.

Have family living in that hood. House bought in 2013 for $530K, neighbor 2 houses down with roughly same size and amenities just sold for $750K (basement wasn't built).

And I'm willing to bet a correction won't come, at least not for Calgary and area. But price shouldn't grow much unless building material inflation is out of control.

[killramos]

TIL some people consider a pretty big back yard to be non existent.

[riander5]

The pictures of the basement too lol .. I mean I know staging doesn't make it a better house but holy fuck could the owner make the basement look more like a dungeon

'Picture yourself in the basement on this pink couch with matching $15 ikea side tables, and a beautiful odd shaped glass table from the local leons, it could all be yours for $3500 dollars a month for 25 years!'

[bjstare]

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TIL some people consider a pretty big back yard to be non existent.

It's like 30x30 feet of grass.. perhaps "non existent" was hyperbole, but it's definitely not pretty big. Not by a wide margin.

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it could all be yours for $3500 dollars a month for 25 years!'

Is that what mortgages cost these days?

[riander5]

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TIL some people consider a pretty big back yard to be non existent.

Im just bitter mostly, but that backyards a piece of shit regardless of my sour demeanor.

We aren't bringing the sprinkler out today kids... go sit in the drainage from the other yards to cool off !

[Xtrema]

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'Picture yourself in the basement on this pink couch with matching $15 ikea side tables, and a beautiful odd shaped glass table from the local leons, it could all be yours for $3500 dollars a month for 25 years!'

Well, it's 0 effort to move a house right now. Why spend more on staging when you don't have to?

Average selling day in 2021 is 32 days and right now it's 20. With most reasonably priced home gone within 48hrs.

[riander5]

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Well, it's 0 effort to move a house right now. Why spend more on staging when you don't have to?

Average selling day in 2021 is 32 days and right now it's 20. With most reasonably priced home gone within 48hrs.

You're 100% right.

Well enough being mad on the internet for one day. I quite obviously need a snickers

[suntan]

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The pictures of the basement too lol .. I mean I know staging doesn't make it a better house but holy fuck could the owner make the basement look more like a dungeon

'Picture yourself in the basement on this pink couch with matching $15 ikea side tables, and a beautiful odd shaped glass table from the local leons, it could all be yours for $3500 dollars a month for 25 years!'

It's hideous furniture but at least it gives some notion of size to the spaces.

[killramos]

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It's like 30x30 feet of grass.. perhaps "non existent" was hyperbole, but it's definitely not pretty big. Not by a wide margin.

It’s no acreage. But 30 feet of a 100 foot deep lot doesn’t seem that bad to me at all? How deep do you think most back yards are?

Clearly I have lived in the inner city for too long? Haha

[JohnnyHockey13]

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Haha basically my exact thoughts when I saw that post. Nothing to do with Jordan, just a commentary on the crazy market.

You don't think realtors have played a big role in all this bullshit? Get real.

[Xtrema]

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It’s no acreage. But 30 feet of a 100 foot deep lot doesn’t seem that bad to me at all? How deep do you think most back yards are?

Clearly I have lived in the inner city for too long? Haha

33x45 backyard here and takes me less then 15mins to mow. Definitely doesn't feel big at all.

#burblife

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You don't think realtors have played a big role in all this bullshit? Get real.

If by bullshit you mean getting the maximum return for the seller who's paying for the such service?

[90_Shelby]

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You don't think realtors have played a big role in all this bullshit? Get real.

Agreed, the current price of housing is 100% the fault of realtors.

Wait, what?

[msommers]

Why to Buy Site Unseen and No Conditions: The Buying Guide for the Torontonian Investor.

[suntan]

An employee of mine did a blind bid for her parent's house in Ottawa. $150K over asking.

[killramos]

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You don't think realtors have played a big role in all this bullshit? Get real.

I bet you think plates being too big is the reason you are fat too lol

[Buster]

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You don't think realtors have played a big role in all this bullshit? Get real.

Realtors are a significant cost to a transaction, so if anything they reduce values net net.