Paper hands. When its hot like this, it will still have a good stretch of potential.This quote is hidden because you are ignoring this member. Show Quote
Paper hands. When its hot like this, it will still have a good stretch of potential.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
Fuck I wish people would buy condos
Would you buy a condo today?This quote is hidden because you are ignoring this member. Show Quote
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Only a very small segment of the market is warm. Lots of wannabe's though. My niece is a realtor. Has conditionally sold one property 9 times!! Lots of folks have bigger dreams or ambitions then they can afford and banks aren't always willing to makes deals go through like the halcyon days of yesteryear.This quote is hidden because you are ignoring this member. Show Quote
Unfortunate part of day 1 offers is not much time to do due diligence and/or think about it. Make offer -> get the conditional acceptance -> then debate if you want it. Wouldn't surprise me if people are doing this. That and regretting going over asking once they win.This quote is hidden because you are ignoring this member. Show Quote
If they'd fucking get that new arena and district done by 2024, I can see more buyers for DINKS (and no dogs) in DT.This quote is hidden because you are ignoring this member. Show Quote
The condo fees these days are atrocious.
We just sold our cookie cutter in Airdrie...4th couple that came the next afternoon after listing, we took their offer, 97% of our inflated asking price, they didn't end up giving us the deposit (over a week later after one extension given) so we went with the 2nd people that came thru, same offer. Conditions were just signed off this past week....I figure though, if it falls thru, I'll keep their deposit and we can likely (knock on wood) sell for the same amount June 1 when it sale finalizes.This quote is hidden because you are ignoring this member. Show Quote
Interestingly, the other 2 couples put in offers, but they were complete lowballs, we got 487, they were trying to tell us the house is only worth 460-ish....
If you have a conditional offer and someone else makes an offer csn you tell the first guy to waive all conditions or go away.
Condos rise last. This is the case for any market. Once house prices are higher than most peoples buying power. Similar to Vancouver, average new build condos going for 800k (with bidding wars too).
You guys can hold my post on the paperhands. I stand by my view that this bull market is just starting, especially for Calgary.
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
Depends what time horizon though. Look at all the cookie cutter DT condos. Unless something revitalizes the core in the next 10-15 years, prices will stay stagnant IMO.This quote is hidden because you are ignoring this member. Show Quote
Yea. No question condos are not attractive. But naturally condos go up marginally when houses are booming hot.This quote is hidden because you are ignoring this member. Show Quote
I dont see another organic reasons for condos to increase.
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
I'd sooner dump my money into an REIT than buy a condo right now.
I can eat more hot wings than you.
Commercial REIT is not crazy. CHP or REI or something.This quote is hidden because you are ignoring this member. Show Quote
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Listing my townhome this week, not expecting an easy sell.
Keep us posted. There haven't been any sales in my rental's 70-unit complex this year so i don't have very many reference points.This quote is hidden because you are ignoring this member. Show Quote
How is the Commercial Restate market right now for non-downtown offices?
My company might be looking to move from a small office to one with a small loading bay. Contemplating if it's a better idea to buy then rent it back to company or just keep renting. We haven't moved in 5 years and never looked at commercial office valuation so I have no idea what's the trend at the moment.
This!This quote is hidden because you are ignoring this member. Show Quote
On a side note I think a lot of people have the market mixed up, talked to some friends and clients and a lot seem to think the market for starter homes has risen and the homes in the 550-700k have plummeted but i dont really see this from the listings.
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Some useless pointless stats for detached homes
2019 total sales: 9,898
2020 total sales: 9,949
2021 YTD: 4,868
So we're about 2-3 days away from having half the number of sales in 2019 or 2020 despite it still being April. Absolutely crazy.
Also days on market keeps creeping down. 24 for April so far; March was 29; last March was 47; 2020 overall was 50; 2019 overall was 54. So things are definitely still moving quickly.
I don't think that's accurate. I think everything detached <$700k has ramped up. Anecdotal, but my community is in that 550-700 bracket and everything with a FS sign on the lawn in the last month had crazy showings the first couple days listed, and sold shortly after (our neighbor listed and sat for months last year at ~600, and sold with the same asking price in a couple days this year).This quote is hidden because you are ignoring this member. Show Quote
Last edited by bjstare; 04-19-2021 at 12:49 PM.