Quote:
Originally Posted by hulkrogan
There are more than a few. Go drive around Elbow Park/Mount Royal and the surrounding areas. Take note of how many ~100 year old houses are still kicking around and people paid very good money for. They are numerous.
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They paid very good money for the land, despite the crappy home sitting on the land. Either 10's of thousands of dollars go into renovating it, or they knock it down and build an infill, which is happening all over the city. Old homes are a liability, not an asset, the land is the asset.