Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - First Time Home Buyer

Eagle Eye · 03-21-2006, 02:25 PM

Since you are a first time buyer I would almost recomend that you continue renting until the market stabilizes, there are such few houses out there and so many buyers that houses are overpriced.

For example we just built a new 2200 sqft house and paid $320,000 for it, we sold our first house (1500 sqft built 4 years ago) for $230,00 last April. Well our old house was sold again and it went for $349,000.

There is an article in the globe and mail talking about the fact that houses are so over priced and in such high demand that people are over paying for condemned (grow op) houses.

I would continue to rent and save up if I were you

http://www.theglobeandmail.com/servl.../National/home

03-21-2006, 02:25 PM	#2
Eagle Eye Powerplay Quarterback Join Date: Sep 2002 Location: Work Exp:	Since you are a first time buyer I would almost recomend that you continue renting until the market stabilizes, there are such few houses out there and so many buyers that houses are overpriced. For example we just built a new 2200 sqft house and paid $320,000 for it, we sold our first house (1500 sqft built 4 years ago) for $230,00 last April. Well our old house was sold again and it went for $349,000. There is an article in the globe and mail talking about the fact that houses are so over priced and in such high demand that people are over paying for condemned (grow op) houses. I would continue to rent and save up if I were you http://www.theglobeandmail.com/servl.../National/home