Quote:
Originally Posted by Matata
The only people I know that made money off their townhouse or condo did it 10 years ago. The cruel reality is that these things live and die by the quality of the interior, which requires you to update it every 10 years, which is going to eat every bit of of money you were hoping to pull out of that thing as an investment.
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This. Condo's in Calgary, a city with a fairly abundant supply of land, will always be a tough investment.
Physical homes (including Condos) ALWAYS depreciate. Land appreciates.
Nobody is lining up to pay more per sq. ft. for beige walls, earth tone granite counter tops and mahogany laminate.