Quote:
Originally Posted by PsYcNeT
Well you lived there prior to 2009, so the house being another 10 years old and approaching 450k is notable.
Part of what we're is discussing is the increased housing cost since Alberta's boom time. 450k in 2003 would get you a lot more than it gets you now. You can't really say "I wouldn't pay 450k for a house!" when in a lot of cases, 400k doesn't really even get you a detached single-family home anymore (unless you move to the edge of the city). It certainly won't get you more than 3 bedrooms.
That said, I'm not sure how property values have moved in Whitehorn as I know the NE saw less of a general increase than other quadrants so I'm just curious more than anything.
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Exactly. It would be exceedingly difficult to find a home suitable for a family of 6 for $450,000 in Calgary.
This would be like my grandfather saying he never spent more than $10,000 on a new car... Great - but you haven't bought a new car for like, 35 years!