tag:blogger.com,1999:blog-5936637281134795592.post620449419452799849..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: HAM exit stage left?Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5936637281134795592.post-651450531135512542012-05-21T08:09:53.218-07:002012-05-21T08:09:53.218-07:00I'm sorry...I meant new house salesperson...ho...I'm sorry...I meant new house salesperson...house has not been lived in except technically for the first year by the contractor/flipper.<br />Now the particle board structure has had a few years to "season"..is that the word when things start falling apart?<br />I wanted to ask her what the new price was but I didn't want to encourage her.Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-79340187015528019882012-05-21T08:05:58.147-07:002012-05-21T08:05:58.147-07:00Future rooming house?
Went by my favorite spec hou...Future rooming house?<br />Went by my favorite spec house in Brentwood Bay, on Sunday,first went on market 3 years ago for 1.2!!!<br />There was an open house sign and a very lonely looking used house salesperson sitting in the driveway.Didn't see anyone dropping in.<br />don't know what they are asking now but Victoria's average household income is $77,000.<br />I would not pay a quarter mil for it.Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-88907055895560376562012-05-20T23:43:58.536-07:002012-05-20T23:43:58.536-07:00I used to live at the apt complex (soon to be cond...I used to live at the apt complex (soon to be condos!) at 57th and granville. When I'd jog in the area, you'd see this process going on:<br /><br />1) Buy a 2000 sq ft house in a 'desirable' hood for $800,000-$1,000,000. <br />2) Tear it down. <br />3) Replace it with a 4000 sq ft monstrosity. <br /><br />If you wanna see a textbook example of this, check out the southwest corner of 57th and Oak. Still unsold, after a few months, btw. It's the kind of place that a recent lottery winner would look at and say "hey, that's too gawdy..."<br /><br />The reason this is happening, is not because of the huge demand for 7-bedroom, 4-bathroom homes. Even newcomers to canada aren't planning on having 6 kids, at least not by the 2nd generation. <br /><br />The math is simple. If you paid $800K for the land, by the time you build something else after a tear down (as a retired builder friend of mine explained), the finished product has to sell for at least 1.5 mil. So they make these horrible huge houses that have no reason to exist in a country with a falling birthrate, because of the economics of the builder's profit margin, not because of any consumer demand. <br /><br />I'm just amazed to see it happening east of Main Street...BBRodrigueznoreply@blogger.com