Quote:
Originally Posted by CroFlames
A good friend of mine almost bought a house in Burnaby for $1,000,000. The roof was literally caving in, and probably required at least a $150,000 fix just for the roof. My friend decided not to purchase. Someone came in, bought the place for just over a million.
Three months later, it was untouched, and un-lived in, and sold for $1.3 million.
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This is pretty much what is happening, quick turn arounds on properties and some are in real rough shape, anything between $650 to $800 is probably a tear down. Also, a lot of the new homes are not really built with any quality what's so ever. I hate to say there are a number of Chinese and East Indian people that build quick and dirty homes but there are a number of Chinese and Indians that build cheap homes but make them look pretty for quick sales. I am sure they have a 'relative" in inspections that passes everything.