Quote:
Originally Posted by fotze
Bulldozing a $2MM on $12MM property is the same as bulldozing a $83k house on a $500k property in somewhere such as Calgary. That would make sense here.
I bet that house is pretty dated.
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Agreed.
Sitting next to an infill that is being built right now. Last year a 1911 house was sold for 600K. The place although looking nice outside, the inside was almost condemnable. Now a semi detached over $2 Mill is being built.
I am sure someone who is homeless in Calgary would have loved to live in the 1911 house. However, I didn't see anyone picketing or coming on CP to save that house?
My point is this stuff happens in Calgary, on a much smaller scale, all the time. Like you said, Land is king, not the house.