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Originally Posted by Sliver
OMG, man. Part of the value of those is because they have a place where they can be parked. The other part of the value is somebody just dumped $50k into the Okotoks one. If a Midfield trailer home had been renovated last year, it would have value and somebody would buy it. Typical 27 year-old trailers without renovations sitting on a plot of land that needs to be vacated are going to be valueless. I think it's nice the city has offered them some money, but if they're going to be ungrateful I think we should try to scoop it back.
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Well yeah. That's the whole point. The city provided that place and then promised a new place and has subsequently taken that away. It's idiotic to say there's no value in these trailers because there's no where to put them. Banks determined there was value in these chattels and loaned money based on these conditions. There was a place. After ten years of promising to respect people's equity, we took it away. Some people were ok with 10k. Others have legitimate concerns that their units are worth way more than 10k.
Typical 27 year old trailers are worth 0-250k depending on where they are. There are dozens of listings in and around Calgary showing you exactly what the values are. Some are renovated, some are not.
http://globalnews.ca/news/3691757/ca...p-was-offered/
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Kok said residents have had to leave the city, with some moving to British Columbia or Saskatchewan and others heading to High River or Okotoks.
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So another issue I have is that the option we're giving these people is basically to leave the city. There are no lots available in Calgary. If you want to live in your trailer and preserve your equity you actually have to leave the city. It's a relatively small piece of business but not totally insignificant. So it's kind of ironic saying these residents made bad business decisions.