(Untitled)

[j_marie]

based on comparable homes in my neighbourhood, without further renos, we could list at 340000.00 and probaby sell about 335000.00 not to bad with the purchase price of 174000.00 and a mtg of 150000.00. No we're not selling, I just like to look.

Comments

[lunarpenumbra]

You've had your house what. 5 years ish now?

Do you think it's right? that in such a short time, your value has doubled?

Now, it can also depend on what a homeowner has done to one's home to improve it's value.

However, that vast majority of homeowners have done nothing to their homes, and yet they get this doubling. It's pure greed on the part of the real estate market.. and now people who have been scrimping and existing on near nothing, and relying on the kindness of their family to buy clothes for their kids and have bought nothing for themselves, will not be able to buy a home. Why?

Because you can't buy a family home for even 250,000... oh well. you can by an apartment or condo.. if you want to raise your children in an environment where they don't even have a yard to play in.

[j_marie]

well.. I think that the market increase that recently happend over the last two years was quite disporportioned to previous growth in the city. the market has shifted and we've recently can see evidence of a slight correction. Prices will not go back down to where the were but they also will not see the growth the previously did. Is it greed? no. It is market conditions. Calgary housing market compared to other Canadian cities our size is actually in the right range for pricing

[j_marie]

Here are some houses currently on the amrket for $250000 and under, not condos

[lunarpenumbra]

I guess I should clarify.. that there are now Family Homes, around 250,000 in the areas of Calgary that I could live in. Reasons being:
- Jason buses to work.. 2 hours to work, and 2 hours back home. Not acceptable.
- Aiden is well placed in Ecole Varsity Acres. I loathe the idea of changing his school on him, because I experienced first hand the social difficulties that arise in changing schools (I also want Rowan to have the same kindergarten teacher)
- My parents are currently in Tuscany, though there is a move for them in the near future, they will not ever live on the East Side, my mom likes the West Side, I like the West Side too!

So, we're stuck for now.. in a place that is barely decent for two children, but even the rental market is a freaking nightmare, so we can't even move into a better rental property...