| TylerH |
CBC Story
Wow, Calgary with a 43.6% increase....thats insane. |
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| rexxrally |
| Yeah, my house, that the real estate agent said last October would sell for about $210k, just sold this past weekend for $300k ($12k above asking price) in just 33 hours. I love this economy! |
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| PraxGTI |
quote:
Originally posted by rexxrally
Yeah, my house, that the real estate agent said last October would sell for about $210k, just sold this past weekend for $300k ($12k above asking price) in just 33 hours. I love this economy!
Yup me too, its a sellers flood in the market right now.
I can't wait till its a buyers market again. |
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| rexxrally |
quote:
Originally posted by PraxGTI
Yup me too, its a sellers flood in the market right now.
I can't wait till its a buyers market again.
The real estate agent and our banker both said the seller's market is going to last another year yet |
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| Supra_devil |
i bought my house and then a month later a neighbours house sold for 33 more i think. housing prices have jumped a lot this summer already.
So i'm already sitting on money :D |
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| TrevorK |
quote:
Originally posted by Supra_devil
i bought my house and then a month later a neighbours house sold for 33 more i think. housing prices have jumped a lot this summer already.
So i'm already sitting on money :D
Not really - if you sold your house now to buy another, you'd pay the same inflated price that you sold at. Thus, you wouldn't really get anywhere.
Real Estate, like most things, is cyclical. There will be a downtime in time that will wipe out some of these gains. |
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| Supra_devil |
as you say TrevorK, its all market value, i COULD make money, but it would be small gains. If i wasn't careful, i could easily loss money trying to flip it and buy a new place right now. But i have no intentions of moving, I have been here for 10 years and still like it, so i don't think i will get bored of it soon, especially now that its actually mine.
Glad i bought when i did though, lol. |
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| 97lude |
quote:
Originally posted by rexxrally
The real estate agent and our banker both said the seller's market is going to last another year yet
There guess is as good as any one elses! |
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| SilverZ24 |
quote:
Originally posted by Supra_devil
as you say TrevorK, its all market value, i COULD make money, but it would be small gains. If i wasn't careful, i could easily loss money trying to flip it and buy a new place right now. But i have no intentions of moving, I have been here for 10 years and still like it, so i don't think i will get bored of it soon, especially now that its actually mine.
Glad i bought when i did though, lol.
Yeah, that is the problem. I have technically "made" about 100g since I built my house just over a year ago. But even if I sell my place for 400+ now, I need at least 600 to get what I really want. So I'm still about 200 grand short. Just over a year ago when I built my place I was only about 150 short of what I really wanted.
Worst thing is the bank approved me for it, I just didn't want to be house poor. Now I wish I would have just done it. I wouldn't have had to struggle too much. :( |
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| dc2696 |
quote:
Originally posted by PraxGTI
I can't wait till its a buyers market again.
x2:thumbup: |
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