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Thread: Calgary Rental Market Outlook and Pricing

  1. #21
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    Quote Originally Posted by Buster View Post
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    meanie
    You always know what to say to make me smile.

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    In any sale, its supply and demand. Look at Vancouver/Toronto real estate today...

    However, "excuses" for increase in pricing (overall) is justified with bullshit reasons (ie. interest rates, overhead increases, inflation, etc.).

    You can always justify price hikes, but doesnt mean you can close the deal.

    Actually fuck it. RE doesnt make any fucking sense anyways. "value" today means nothing. A NFT Tweet can be worth millions, a digital art bidding war to 70m, vancouver real estate continues bidding war while at all time highs. blah. fuck. it.
    Originally posted by beyond_ban
    Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.

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    Quote Originally Posted by Power_Of_Rotary View Post
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    Actually fuck it. RE doesnt make any fucking sense anyways. "value" today means nothing. A NFT Tweet can be worth millions, a digital art bidding war to 70m, vancouver real estate continues bidding war while at all time highs. blah. fuck. it.
    Pretty much. When someone says "safe" investments, they might just mean perceived volatility.
    A first edition shadowless PSA 10 Charizard is worth over $300K USD.

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    I've done 100+ showings in my rentals and never once had someone try to negotiate the rent. If this happened I'd immediately tell that person to get lost.

    On the topic of rents one my places has had crazy swings in prices. + or - $400 to $500.

    The ops only focus on cheaper rents comes down to negotiating price but there's nothing mentioned on location, busy roads, shitty neighbors. Theres 1000 variables why one property is $300 more then then other.

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    Quote Originally Posted by gwill View Post
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    I've done 100+ showings in my rentals and never once had someone try to negotiate the rent. If this happened I'd immediately tell that person to get lost.

    On the topic of rents one my places has had crazy swings in prices. + or - $400 to $500.

    The ops only focus on cheaper rents comes down to negotiating price but there's nothing mentioned on location, busy roads, shitty neighbors. Theres 1000 variables why one property is $300 more then then other.
    I chose examples within 3 blocks of each other with similar exposure to 33 ave so they are as good of examples I could find for this discussion.

    Please elaborate on how the swings have materialized and you've been able to have the same stance mentioned of telling someone to get lost if there's any room for negotiation.

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    Real estate investors are hilarious, I agree with Buster new favourite asset class buoyed by entertainment value alone.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
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    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by blainer View Post
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    you've been able to have the same stance mentioned of telling someone to get lost if there's any room for negotiation.
    Just mark that application and don't pick it if they try to see if you are willing to lower your posting price. Remember it's you that are picking them, not them picking you. People who negotiates without putting some time and relationship building 1st would not be a good tenant anyway.

    If you are willing to negotiate, that just means you priced it wrong and didn't have enough applicants and getting desperate.

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    Quote Originally Posted by Xtrema View Post
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    Just mark that application and don't pick it if they try to see if you are willing to lower your posting price. Remember it's you that are picking them, not them picking you. People who negotiates without putting some time and relationship building 1st would not be a good tenant anyway.

    If you are willing to negotiate, that just means you priced it wrong and didn't have enough applicants and getting desperate.
    Yeah, anyone who was trying to negotiate had some other red flags, in my experience.
    Probably gonna nickle and dime in their lifestyle as well and that is not what you want in a tenant. Will likely not going to put much care into your home at all.

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    The winners are the ones where "you want a 1 year lease at $2200? I'll give you $2000 and I'll sign 6 months"

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    Quote Originally Posted by blainer View Post
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    I chose examples within 3 blocks of each other with similar exposure to 33 ave so they are as good of examples I could find for this discussion.

    Please elaborate on how the swings have materialized and you've been able to have the same stance mentioned of telling someone to get lost if there's any room for negotiation.
    Theres no room for negotiation on the rent. It's funny you think there is just because you see one place is $300 less then another. There's 1000 reasons for the difference.

    The main one comes down to one landlord possibly lowering it less then others just to get renters before those in their neighborhood.That doesn't mean the other landlords should lower their rent to match a landlord who wants to be more aggressive on pricing. There'd always a cheaper place to rent just like there's always a cheaper product to buy.

    A good landlord should price according to their area and if done so it will rent out.

    If I was renting from a private owner I'd be more Interested in knowing the landlord was a good landlord then whining over a slight difference in price with another house.

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    Ya man, price it properly and have that respect right from the get go.

    If you lower the price that easily, could be seen as a pushover and it's a slippery slope.

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    Someone should really come up with a word for a bunch of individual buyers and individual sellers establishing a consensus on price.

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    Quote Originally Posted by Buster View Post
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    Someone should really come up with a word for a bunch of individual buyers and individual sellers establishing a consensus on price.
    That's a novel concept.

    I've never seen that before... Curious to see how it would work out...

    LOL at not negotiating something...

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    Quote Originally Posted by Buster View Post
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    Someone should really come up with a word for a bunch of individual buyers and individual sellers establishing a consensus on price.
    Quote Originally Posted by you&me View Post
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    That's a novel concept.

    I've never seen that before... Curious to see how it would work out...

    LOL at not negotiating something...
    You guys should come meet me at Market mall and discuss. Maybe we can grab some snack at the superMarket they have there. back in the old days, the movie theatre lobby was quite a meat Market of high school girls, if you are into that sort of thing.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    I haven't rented in decades, but negotiating was a pipe dream when vacancy rates were < 1%. One time it was 0.1%.

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    Bump....up your rent....the market is hot right now

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    Quote Originally Posted by suntan View Post
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    I haven't rented in decades, but negotiating was a pipe dream when vacancy rates were < 1%. One time it was 0.1%.
    Don't worry, a new Nenshi will step in to slander landlords as gouging. While when the market is depressed for landlords, he's in the back tugging sausage or something.

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    Bump.....rental market is so hawt right now.....prices still way up

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    Best asset class something something.

    Owners/landlords with paid off mortgages are thriving. Not sure prices will ever go down from here.
    I can eat more hot wings than you.

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    Question is.. Are forced landlord over the past few years gonna be happy in the next decade for not selling? Hmm...

    Even if you don't have a paid off mortgage, for the most part you are getting your mortgage paid for which is the important part. Minus special assessments and other BS.

    Btw @CompletelyNumb , I don't believe your signature.

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