Quote:
Originally Posted by omro
Going back on topic, three questions.
My mum saw two houses both in the $259 range. How much do you all think houses in that range today would cost mid next year if they were on the market? Static, up a little, up a lot, down a little, down a lot?
Where in the city (near downtown) should she look for places with gardens (this is a woman used to a 35x100 foot garden and while I've told her it's not realistic to expect similar...)? Any areas you would recommend I monitor would be gratefully appreciated.
Are we thinking the LRT "effect" will stir house prices speculatively before it's even been built or that it won't really have an effect on house prices until after it has been confirmed, but still a ways off, or until they break ground?
|
1. I think prices will probably keep rising slowly and steadily.
2. You won't find a garden that size downtown, but there's no reason she can't convert the front yard into a small garden. Gardens in the Hamilton area are very productive, we have a good climate and usually a good amount of rain. The best bet is to get a spot in a community garden, it's about $25 for approx. 20x30 foot plot and there are also larger sizes available.
3. The LRT effect makes it a long term investment, I don't think it will affect things much over the next year or two.
Threaded Mode