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Claeren · 02-07-2008, 10:35 AM

There is no way those Airdrie homes are worth 1/2 a million dollars (Or the suburban Calgary homes for that matter). You could build a million of them (literally, and likely more) around Calgary with the land available and there is no way something so easily aquired (no long term scarcity) is worth that much.

The only question in my mind is how far do prices actually fall and/or how long do prices stay flat for inflation to absorb the difference between their real worth and current market price. Either way i feel bad for anyone who paid that upfront, again likely more, 6 months ago.

Claeren.

02-07-2008, 10:35 AM	#9
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	There is no way those Airdrie homes are worth 1/2 a million dollars (Or the suburban Calgary homes for that matter). You could build a million of them (literally, and likely more) around Calgary with the land available and there is no way something so easily aquired (no long term scarcity) is worth that much. The only question in my mind is how far do prices actually fall and/or how long do prices stay flat for inflation to absorb the difference between their real worth and current market price. Either way i feel bad for anyone who paid that upfront, again likely more, 6 months ago. Claeren. Last edited by Claeren; 02-07-2008 at 11:13 AM.