Quote:
Originally Posted by Johnny Makarov
How much was a house in Calgary back in 88? $90k?
Oh i guess my parents bought a 2,800sq ft house in 1988 in Scenic Acres for $108k.
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Sounds about right. What's that house worth now, around $1 million? I just looked and highest list price in scenic acres is $939k so call it 9x or 10x since '88.
The Nordiques sold for $15MM in 1988, and the Coyotes (to move) sold for $1 billion USD, or roughly $1,400MM.
That's 90x - 100x on the NHL team, so ten times better than real estate. It'd be like if a nice suburban house in scenic acres went for nine million dollars...