[Newsbot]

Title: Calgary home prices fall 8%
Category: Misc CDN
Posted By: tritium
Date: 2008-08-15 10:30:37
Canadian

[tritium]

Wow, on the average $250,000 home, that is a $20,000 hit to the pocket book. Ouch!!

[mtbr]

tritium tritium:

Wow, on the average $250,000 home, that is a $20,000 hit to the pocket book. Ouch!!

250 000 dollar home ...in Calgary


only if you JUST bought and are now trying to sell it.

[Alta_redneck]

How will those people that bought cheap houses in the mid 1980's walk out of Calgary with their pocket books stuffed with at least a 300% profit or more?

[tritium]

Alta_redneck Alta_redneck:

How will those people that bought cheap houses in the mid 1980's walk out of Calgary with their pocket books stuffed with at least a 300% profit or more?

Yup, 300% profit and the Canadian gov't takes 50% of that. LOL

Besides, as I awalys say. Why would anyone in their right mind buy a house in Calgary at $500,000 or more.

I can see spending that kind of money with an ocean front view, or a 30 acre lake front property.

But a house squeezed in so tight, no lawn, it's total B.S.

I don't understand how anyone can justify those prices, it's totally laughable. Most of the houses don't even have a real wood burning fireplace. (I like the smell of real wood, not a fake gas fireplace)

http://homes.point2.com/CA/Alberta/Calg ... state.aspx

[robmik43]

tritium tritium:

...Yup, 300% profit and the Canadian gov't takes 50% of that. LOL ....

No they don't...not on your primary residence....
You'd best get someone else to do your tax returns.....

[mtbr]

tritium tritium:

Alta_redneck Alta_redneck:

How will those people that bought cheap houses in the mid 1980's walk out of Calgary with their pocket books stuffed with at least a 300% profit or more?

Yup, 300% profit and the Canadian gov't takes 50% of that. LOL

Besides, as I awalys say. Why would anyone in their right mind buy a house in Calgary at $500,000 or more.

I can see spending that kind of money with an ocean front view, or a 30 acre lake front property.

But a house squeezed in so tight, no lawn, it's total B.S.

I don't understand how anyone can justify those prices, it's totally laughable. Most of the houses don't even have a real wood burning fireplace. (I like the smell of real wood, not a fake gas fireplace)

http://homes.point2.com/CA/Alberta/Calg ... state.aspx

the government doesn't get fucking squat if you know what your doing....you're just jealous

[dino_bobba_renno]

What goes up must come down. Wonder how those people who took out those 40 year morgages with zero down are liking this?

[tritium]

mtbr mtbr:

the government doesn't get fucking squat if you know what your doing....you're just jealous

jealous of what??

That YOU own a over priced (artificially inflated) house with no yard. How is your neighbor doing, you should be able to look out your window right into their bathroom or bedroom.

Personally after 16 years in the Dallas/Ft. Worth metroplex, dealing with traffic (and we all know how Calgary traffic is), I would not buy a house in the city.

What is laughable is that people like you are so defensive when people challenge the real property value for Alberta homes.

The only reason it is high is because of a shortage of homes or condo.

The minute the influx of people moving to Alberta slows, the economy turns.. 8% will be nothing. I see the value of Calgary homes dropping as much as 35% over the next 2 years.

[mtbr]

all this bitching about Calgary but you're still here.

jealous as hell too, for those of us who have been here for 40 years pocketing cash every time we've bought and sold a house.


Too bad you missed the boat.

35% it will still be worth 45% more than I paid for it


just think you're pissing away 14 grand a year on rent.

[Robair]

Alta_redneck Alta_redneck:

How will those people that bought cheap houses in the mid 1980's walk out of Calgary with their pocket books stuffed with at least a 300% profit or more?

I wasn't even in HIGHschool in the eighties...

You ancient crusty types are laughing all the way to the bank, but those of us new to the home buying experience have it a little rough for sure.

At least intrest rates aren't retarded.

[tritium]

mtbr mtbr:

all this bitching about Calgary but you're still here.

jealous as hell too, for those of us who have been here for 40 years pocketing cash every time we've bought and sold a house.


Too bad you missed the boat.

35% it will still be worth 45% more than I paid for it


just think you're pissing away 14 grand a year on rent.

A-O.K. you're the one on this forum bragging about what you bought, or flipped.

I'm not bragging about what I own and where, nor will I. Not to worry I have my piece of the Alberta pie, and mine increased 5000% since Nov. 2003.

As far as paying rent in Alberta, no problem. Just waiting for the big bust to buy up some land.

[mtbr]

tritium tritium:

mtbr mtbr:

all this bitching about Calgary but you're still here.

jealous as hell too, for those of us who have been here for 40 years pocketing cash every time we've bought and sold a house.


Too bad you missed the boat.

35% it will still be worth 45% more than I paid for it


just think you're pissing away 14 grand a year on rent.

A-O.K. you're the one on this forum bragging about what you bought, or flipped.

I'm not bragging about what I own and where, nor will I. Not to worry I have my piece of the Alberta pie, and mine increased 5000% since Nov. 2003.

As far as paying rent in Alberta, no problem. Just waiting for the big bust to buy up some land.

I predict this is the only pussy you'll have in your hands for the next two years.

[dino_bobba_renno]

Let me see here .... 5000% times ... carry the one ... ahh. Well I guess 5000% of nothing is still nothing

[tritium]

mtbr mtbr:

I predict this is the only pussy you'll have in your hands for the next two years.

Aaahh Haa!! You're just jealous that I have a pussy in my hands.

Unlike you that only grips his own 3" tool day after day.