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Thread: Real Estate Crash thread
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01-06-2023, 02:10 PM #23226
Oh but granite counters!!! The fridge might be from the 90s. Guy didn't even bother to clean off the kitchen. 595k for a super beater 60 year old 584sqft shack? Assessed value is $387k and almost half of that is the land. It has two quit claims in the last year...
Some handyman probably wants it instead of paying the same money for a 2bd1ba condo.
It IS an awesome location though.Originally Posted by blurred
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01-06-2023, 02:14 PM #23227
"Quaint" and "rustic."
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01-06-2023, 02:25 PM #23228Registered User
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01-06-2023, 02:31 PM #23229
That place would get a bidding war around here. It's been forever since a freestanding home, even a small beat up one, sold for anywhere near that price.
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01-06-2023, 02:31 PM #23230
>$1k/sqft for a tear down... well maybe not tear... solid push would probably do it in
LPV definitely a locals hood. know plenty of ppl who live in there or didOriginally Posted by blurred
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01-06-2023, 02:52 PM #23231
Plus you now have a massive blinking crosswalk to get across hwy6. No more games of 'frogger' to cross.
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01-06-2023, 04:01 PM #23232Registered User
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Blogging at www.kootenayskier.wordpress.com
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01-06-2023, 04:47 PM #23233Registered User
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01-06-2023, 04:47 PM #23234"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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01-06-2023, 06:22 PM #23235
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01-06-2023, 06:43 PM #23236www.apriliaforum.com
"If the road You followed brought you to this,of what use was the road"?
"I have no idea what I am talking about but would be happy to share my biased opinions as fact on the matter. "
Ottime
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01-07-2023, 07:24 AM #23237Registered User
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Honestly, you could clean the place up a little and Airbnb the shit out of it no problem. "Rustic" ski bum charm is a commodity. "Live the ski bum lifestyle for a weekend before returning to your job in a corporate hell hole that just ended work from home privileges". $800 a night, $600 cleaning fee.
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01-07-2023, 07:53 AM #23238
Holy hell! Price aside, that house is basically what people want. Antiseptic, lifeless finishes is what sells these days. As mentioned, for a production builder, it keeps the costs down.
Most of the homes I work on are about $1.5-2mill. build cost. Some use interiors designers, most don't. Some of the custom finished are cool, most are fucking gross. But I don't care.
If you want a custom home, build one and get back to me.
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01-07-2023, 07:54 AM #23239Registered User
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^^^ sounds great group buy?
all awesome till your drunk neighbor couple start having a brawl out in the road
the punk kid races up and down the dead end road at 40 mph endlessly as he shuttles his bros around cause hes the only one with a car
you have to give cpr to the other wretched neighbor who smokes two packs a day and knocks on your door looking for so and so then tries to bum a beer from you
the place burns down because all the renters plug twenty lap tops phones and tablets all in to charge at the same time and start posting to social media about living like a local
some rando drunk girl shows up in the middle of the night knows the easy way in and you wake up to find her on the couch surrounded by puke
yeah loveland pass village one of the last places keeping it real
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01-07-2023, 08:12 AM #23240
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01-07-2023, 08:14 AM #23241
Is this the "neighbors" thread? Maybe the "living the dream" tread?
Have we talked about the perfect amount of acreage and commute or distance to the ski area? Enough space to piss of the deck yet less than 15mins. to the lifts and the grocery?
Or do you go full on chickens, goats and gun? By a tractor, quit skiing and just do chores all winter until you snap and go to the beach?
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01-07-2023, 08:31 AM #23242Registered User
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Not really- the census agglomerations are very large and cover some of our best ski towns here in BC.
Terrace is not exempt for example.
https://en.m.wikipedia.org/wiki/List...e_or_territory
And terrace’s agglomeration area runs from just west of Kitwanga until the border of Prince Rupert’s
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01-07-2023, 09:23 AM #23243Registered User
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From my understanding, all resort municipalities in BC are exempt. Also this ban does not apply to recreational properties.
Sent from my iPhone using TGR Forums
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01-07-2023, 10:27 AM #23244Registered User
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Real Estate Crash thread
They did say that during the consultations - but I didn’t see it in the act or regulations as of yet.
https://www.bennettjones.com/Blogs-S...-Know?amp=Blog
The regs:
https://canadagazette.gc.ca/rp-pr/p2...rs250-eng.html
So in typical fashion - they said one thing and did another.
Basically they are saying your fishing cabin on the ocean in Port Ed is residential but my house in Smithers is not.
I haven’t looked closely but it would seem that Canmore and Squamish would be caught in the ban and I wonder how big of an area it takes to get to the agglomeration criteria.
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01-07-2023, 02:33 PM #23245
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01-12-2023, 06:26 PM #23246
Todays #CPI shelter data, when compared to
@zillow
numbers instead of government, “look increasingly like Wile E. Coyote, running off the cliff-edge, legs spinning frantically to no avail; the plunge is coming, sooner or later.”
@PantheonMacro
https://twitter.com/carlquintanilla/...orXAdww6o6t0uA
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01-12-2023, 08:00 PM #23247
Bottom will fall out of cpi. Zillow reports new tenants/prices. OER is overall. When it catches up it’s going to be fast.
Decisions Decisions
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01-12-2023, 09:30 PM #23248
How much do shops charge for advice measured in 'sooner or later?' Overall inventory is up but new listings are down. Median prices are up. Cost of mortgages is up. Owners wearing concreate shoes. Institutional buying. Etc. Etc.
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01-19-2023, 02:14 PM #23249
Utopia! Only 22yrs away!
https://twitter.com/DrewHLive/status...16247518908417
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01-19-2023, 05:12 PM #23250
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