Calgary real estate prospects

[ThePenIsMightier]

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This is why people have a hard time taking you seriously.

LoL!!
Perhaps it's a little more than just this...

[gmc72]

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This is why people have a hard time taking you seriously.

I paid $132k for a townhouse with a garage down by the river and Edworthy Park as my first house. Sold it a few years later for $167k. This was back in the 90's though.

Yes I'm f*n old. If 50 is old these days.

[vengie]

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I paid $132k for a townhouse with a garage down by the river and Edworthy Park as my first house. Sold it a few years later for $167k. This was back in the 90's though.

Yes I'm f*n old. If 50 is old these days.

Dad?

[Rocket1k78]

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Dad?

Bahahaha nicely done.

[Pauly Boy]

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Condos got hit incredibly hard with insurance premium increases over the last few years. That and the insurance regulation changes, there's a lot of cashflow predictions out of your control ultimately.

This. The changes resulted in most of the providers just straight up dropping condos & those that are providing it jacked rates to cover. It's not worth it, don't know if it ever has been outside of the 90's/early 00's when a condo was $100k.

Your best bet is maximizing #doors for rentals on a single parcel. I have a bud with a couple up/down townhomes & a 4-plex. He certainly does alright. Pays a property manager to deal with the shit and is cash flow positive...

I see his end game. When he retires, they'll be paid off and he'll have half a dozen slums generating cashflow... BUT would he not have been better off just investing it for those 30 years...? Different risk, certainly less headache, IMHO.

[89coupe]

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What you buying for 47500 lol what year is this

Was my first condo, bought in 1995 I believe, sold two years later.

Bridgeland I bought in 2004 sold in 2009.

He did say, ever.

I also believe interest rates were even higher than they are now in those years.


And yes, I turn 50 this year. But I look 35

[max_boost]

no no you look 50

I look 35

[89coupe]

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no no you look 50

I look 35

Do you? Haha

[JohnnyHockey13]

These days? When has 50 not been old?

[89coupe]

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These days? When has 50 not been old?

I’ve been around 35 year olds who look older than me lol.

[killramos]

lol. Old people

[2Legit2Quit]

Bumbu is evidently the fountain of youth

[Twin_Cam_Turbo]

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no no you look 50

I look 35

Max you don’t look a day over 30.

[ExtraSlow]

Max looks 13.

[ThePenIsMightier]

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Max looks 13.

*Opens "Nurse Sex with Minor" thread.

[suntan]

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What you buying for 47500 lol what year is this

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This is why people have a hard time taking you seriously.

In 1998 the building I was renting in went up for sale, the renters had first dibs on units. Mine was offered for $60K.

[riander5]

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Was my first condo, bought in 1995 I believe, sold two years later.

Bridgeland I bought in 2004 sold in 2009.

He did say, ever.

I also believe interest rates were even higher than they are now in those years.


And yes, I turn 50 this year. But I look 35

And act like you have the ween of a 7 year old

[killramos]

You think it’s an act?

[zechs]

Knowing what I know now, I really should have built the cheapest house possible with a mother-in-law suite above a detached garage. Officially in the "condos are horrendous investments" camp. Even a $200k meth house in Edmonton would have been more financially profitable.

[suntan]

You rent out a condo?