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photon · 04-05-2012, 11:09 AM

Ouch, that's nasty. Out here in Chestermere there's a lot of people in similar situations; at the peak 2400sqft 3 bedroom homes were selling for well over $600k.. $700k even, or more if it was a great lot or was in a premium area, but even the run of the mill ones were $650k new.

Now the resale for those homes are $500k and it doesn't seem to be changing much.

I know a number of people that are in the same situation.. some will just live in their places (or rent them out) until resale gets back, or some have sold and ate the $150k loss.

Similar situation too, new build (as opposed to a resale) and in an outlying community.

04-05-2012, 11:09 AM	#40
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	Ouch, that's nasty. Out here in Chestermere there's a lot of people in similar situations; at the peak 2400sqft 3 bedroom homes were selling for well over $600k.. $700k even, or more if it was a great lot or was in a premium area, but even the run of the mill ones were $650k new. Now the resale for those homes are $500k and it doesn't seem to be changing much. I know a number of people that are in the same situation.. some will just live in their places (or rent them out) until resale gets back, or some have sold and ate the $150k loss. Similar situation too, new build (as opposed to a resale) and in an outlying community. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.