Quote:
Originally Posted by Sliver
IDK, I don't think CHL is a braggart. Dude's a lawyer, probably mid-30s to early-40s, he's planning a vacation/retirement property...just doesn't seem like that big of a stretch. I like hearing about the neat stuff people are doing. I think I knew he had some property, but I know I didn't know it was in BC or on an island, so he definitely hasn't been beating us over the head with it. Frankly, it sounds like it would be cool to hear/see more about it.
|
It's not really bragging if my complaint is that I can't afford to build the place... but the issue is what Bizarro said. It's even worse in areas that have more pronounced housing affordability issues, like Vancouver or Toronto, because the people who already own the homes are even more protective of their newfound house wealth and will throw up even more roadblocks to building in an efficient and cost-effective manner. So if you think it's bad here, it's even worse elsewhere, was my point.
And yeah, I'll try to do some build progress posts... if I ever can. I cleared the spot back in 2020 when Covid started and subsequently did more blasting and site prep work but that's where I stopped, as I was quoted $250k just for a basement foundation and associated infrastructure like septic - that's before I even have a building to put on top. I'm discouraged right now so most of my funds are going into GICs for a while in the hopes that things get a bit better in 2024, I think. I can still pull a bunch out if there's an opportunity but I think I have to wait for interest rates to go up enough that there's less appetite to build stuff.