You Know What Really Grinds My Gears? Now with 3x more gears...

[Johnny Makarov]

Originally Posted by fotze2

I wish mine went up $100k a year. Bought this place for $625 13 years ago and it’s like $720k now. Typical me to buy the only ‘inner city’ place that doesn’t go up in value.

Why? unless you are selling you want it as low as possible.

Maybe it's time to tear down and build 2 duplexes.

[chemgear]

Originally Posted by fotze2

I wish mine went up $100k a year. Bought this place for $625 13 years ago and it’s like $720k now. Typical me to buy the only ‘inner city’ place that doesn’t go up in value.

Happy to have the city lowball it so you're not paying high taxes over and over again.

Beaten.

Unless potential buyers try to look at assessments for pricing when you finally decide to sell.

[Fuzz]

Originally Posted by chemgear

Happy to have the city lowball it so you're not paying high taxes over and over again.

Beaten.

Unless potential buyers try to look at assessments for pricing when you finally decide to sell.

Any realtor worth anything will tell potential buyers assessed values are not sales values and can vary widely. Mine was low for years, but finally seems to be ramping up over the past 3 years. I'd much rather have it under priced.

[Table 5]

Originally Posted by Titan2

Downtown or burbville?

Surprised if downtown.

Beltline. Perhaps it's gone up a bit, but the last time I checked (about 6 months ago) the comparables were still in the low/mid 200s. We basically just bought at the worst time...we weren't trying to time the market or anything, that's just when I happened to move back to Calgary. Also was around the time when the CAD was at par with the USD, so also a terrible time for me to bring in my US assets, ha. Oh well, such is life.

[Wormius]

Originally Posted by chemgear

Happy to have the city lowball it so you're not paying high taxes over and over again.

Beaten.

Unless potential buyers try to look at assessments for pricing when you finally decide to sell.

This is why I thought all of those people complaining at the re-zoning hearings about their property values going down were so hard to take seriously. If you’re not planning on moving, that is good news.

[chemgear]

Originally Posted by Wormius

This is why I thought all of those people complaining at the re-zoning hearings about their property values going down were so hard to take seriously. If you’re not planning on moving, that is good news.

Well, unless that re-zoning does make their living experience worse in the meantime. I mean, who the #### wants other people near their home? Especially if they have dirty kids or old parents or something.

[Shazam]

Apparently a lot of the consternation comes from the rich neighbourhoods like Britannia - there's people in there convinced that their neighbours are going to knock down their house and put in an apartment complex.

[Wormius]

Originally Posted by chemgear

Well, unless that re-zoning does make their living experience worse in the meantime. I mean, who the #### wants other people near their home? Especially if they have dirty kids or old parents or something.

But some people were only complaining about property values and calling their home an investment.

[Shazam]

For the vast majority of Canadians, their retirement plan is to sell their house and live on the proceeds.

[Shazam]

Originally Posted by Locke

Getting back into Rez?

Let's just say co-ed kidnappings are going to rise soon.

Wait I've said too much.

[Locke]

Originally Posted by Shazam

Let's just say co-ed kidnappings are going to rise soon.

Wait I've said too much.

My lips are sealed. I do know a guy with a very large pit however, but you've got to be willing to travel to Rocky View Township.

[Johnny Makarov]

Originally Posted by Shazam

Apparently a lot of the consternation comes from the rich neighbourhoods like Britannia - there's people in there convinced that their neighbours are going to knock down their house and put in an apartment complex.

My coworker rents in Rosedale and it was put on the market a few months back. The neighbour bought the place just to keep it as because a few houses down they are putting in an 8plex..

[Shazam]

I mean Rosedale ain't Britannia...

[Wormius]

Originally Posted by Shazam

For the vast majority of Canadians, their retirement plan is to sell their house and live on the proceeds.

Except there wasn’t much evidence to indicate this would lower people’s home values, and it hasn’t appeared to have actually had that effect since the rezoning change came into effect.

[chemgear]

Originally Posted by Shazam

For the vast majority of Canadians, their retirement plan is to sell their house and live on the proceeds.

That's just 0.13% of the richest Canadians. #### them, we're coming for their money that we can pay for give it to the indigenous Randy. No, not that Randy, the other Randy. No, the other other Randy.

[Table 5]

Originally Posted by Shazam

For the vast majority of Canadians, their retirement plan is to sell their house and live on the proceeds.

This is under the assumption that the next wave coming up after you can afford to buy your home...which potentially can be pulled off if there's a large enough generational wealth transfer from boomers... but otherwise it may be a bit of a wobbly proposition if you're expecting the average X/Millennial/Z(lol) to pony up.

[Shazam]

Originally Posted by Table 5

This is under the assumption that the next wave coming up after you can afford to buy your home...which potentially can be pulled off if there's a large enough generational wealth transfer from boomers... but otherwise it may be a bit of a wobbly proposition if you're expecting the average X/Millennial/Z(lol) to pony up.

I didn't say it was a plan that makes sense.

Most people fall victim to the financial variant of Parkinson's Law.

https://blueprintfinancial.ca/averag...saving-enough/

[Reggie28]

Originally Posted by Locke

Yes?

Originally Posted by Slava

I was curious about where that assessment would land in comparison to what our place would sell for today. I’m nowhere near wanting to sell, and just curious as to how close the city assessments are to the overall market at this point.

YMMV, but I bought a home on the higher end of the market this summer and paid 4.3% more than the current city appraisal.

Maybe I could have negotiated a little harder, but they dropped the original asking price before I was involved, then we negotiated them down another 100k. Interest rates hadn’t started coming down yet, I think that priced a lot of buyers out of that market.

[fotze2]

Originally Posted by chemgear

Happy to have the city lowball it so you're not paying high taxes over and over again.

Beaten.

Unless potential buyers try to look at assessments for pricing when you finally decide to sell.

Oh ya I get it but the value is pretty accurate when I e had buddy realtors look
At the value.

[fotze2]

My wife does childcare (before and after) at a nearby school. I think it’s (for some cases) way too inexpensive for whore yoga moms to have someone watch over their vag leak accessories.

The kids with issues with absent fathers are usually tough but the moms who drop
Off the kids in their Escalades. I have been tempted to go to the school amd beat the fatass mom with the kid at times. Never pick them up on time.

I Tell the wife to just leave when the day is over…..But I can’t. Ya the fata you can, little Meygunn can sit out in the cold and you lose your barely minimum wage job. Oh noes.

Shocked more teachers don’t snap and kick more kids in the face. I’d pay money for that satisfaction.

Be better parents.