Calgary Construction XXVI - Page 95

Deepstar · #**1881** Posted **Jul 4, 2018, 3:16 PM**

Quote:

Originally Posted by DizzyEdge

I wouldn't live there even if I had the money

Honestly.

But I also don't care that it was built.

It’s easy to say that, but if someone came up and offered you the property for free you be in there in two seconds.

Bad Grizzly · #**1882** Posted **Jul 4, 2018, 4:55 PM**

Quote:

Originally Posted by DizzyEdge

I wouldn't live there even if I had the money

Honestly.

But I also don't care that it was built.

Honestly lol.

Bad Grizzly · #**1883** Posted **Jul 4, 2018, 4:59 PM**

Quote:

Originally Posted by milomilo

That's a fair comment, and I agree that for some a mortgage being 'forced saving' is a good thing. However, if you are disciplined then that doesn't matter, my savings are going up much faster than a required down payment is, but if that starts to change then I will change strategy.

Not being shackled by a large mortgage also means that if you hit hard times - lose a job etc, then downgrading to rent a more modest place isn't such a catastrophe as selling your huge house. How many people in Calgary do you think rinsed through all their savings to hang on a big house through this recession?

If you lose you job, and need to downsize you can still do so Play moving into a smaller place, and renting out your mortgaged place. The other downside is if you have a house it takes longer to get infected, if you’re renting you can be kicked to the curb rather easily. Fact can be kicked to the curb rather easily even if you don’t lose your job and are still paying your rent. Your whole life is based on the whim of your landlord.

Suburgatory · #**1884** Posted **Jul 4, 2018, 8:28 PM**

Quote:

Originally Posted by Deepstar

It’s easy to say that, but if someone came up and offered you the property for free you be in there in two seconds.

Quote:

Originally Posted by Bad Grizzly

Honestly lol.

Gee, what a surprise.

Why move there when you live in a better location, in a higher quality property with far and away more architectural value?

Suburgatory · #**1885** Posted **Jul 4, 2018, 8:30 PM**

Quote:

Originally Posted by Bad Grizzly

If you lose you job, and need to downsize you can still do so Play moving into a smaller place, and renting out your mortgaged place. The other downside is if you have a house it takes longer to get infected, if you’re renting you can be kicked to the curb rather easily. Fact can be kicked to the curb rather easily even if you don’t lose your job and are still paying your rent. Your whole life is based on the whim of your landlord.

So what you're trying to say trying to say is that you can be maybe can be downsize curb fact landlord easily?

milomilo · #**1886** Posted **Jul 4, 2018, 9:14 PM**

Quote:

Originally Posted by Deepstar

Hopefully you do manage to own property at some point. The biggest issue I’ve seen with people renting is when they rent all their lives and come to retirement and realize all have to keep paying to live somewhere but there now on a fixed income.

Agreed, I do hope to buy eventually, and have never said that buying is bad. I definitely don't want to be paying rent when I retire.

sammyd · #**1887** Posted **Jul 4, 2018, 11:40 PM**

3 solid days of off topic banter.

Deepstar · #**1888** Posted **Jul 5, 2018, 2:29 AM**

Quote:

Originally Posted by Bad Grizzly

If you lose you job, and need to downsize you can still do so Play moving into a smaller place, and renting out your mortgaged place. The other downside is if you have a house it takes longer to get infected, if you’re renting you can be kicked to the curb rather easily. Fact can be kicked to the curb rather easily even if you don’t lose your job and are still paying your rent. Your whole life is based on the whim of your landlord.

DizzyEdge · #**1889** Posted **Jul 5, 2018, 6:05 PM**

Quote:

Originally Posted by Deepstar

It’s easy to say that, but if someone came up and offered you the property for free you be in there in two seconds.

Sure, so I could sell it. I would just prefer to spend the same money on a different kind of place

Tobyoby · #**1890** Posted **Jul 5, 2018, 9:46 PM**

Quote:

Originally Posted by Deepstar

YYCguys · #**1891** Posted **Jul 6, 2018, 12:51 PM**

I’ve read that the old YWCA building downtown has been sold. Does anyone know what, if any, plans have been made regarding redevelopment of the site?

jc_yyc_ca · #**1892** Posted **Jul 6, 2018, 4:22 PM**

Quote:

Originally Posted by Bad Grizzly

If you lose you job, and need to downsize you can still do so Play moving into a smaller place, and renting out your mortgaged place. The other downside is if you have a house it takes longer to get infected, if you’re renting you can be kicked to the curb rather easily. Fact can be kicked to the curb rather easily even if you don’t lose your job and are still paying your rent. Your whole life is based on the whim of your landlord.

Actually that's not entirely true. You can have a renter in your house, and if they play the system right, they can be there for several months, especially in BC.

I've heard horror stories where landlords have taken almost a year to get someone out of their property. Of course that's BC, which should stand for Burn Cannabis, seeing as 80% the people in the province are stoned and strung out.

jc_yyc_ca · #**1893** Posted **Jul 6, 2018, 4:25 PM**

One of the funniest characters on TV these days.

Quote:

Originally Posted by Deepstar

Daemon · #**1894** Posted **Jul 9, 2018, 5:43 AM**

Quote:

Originally Posted by Deepstar

Very funny looking guy. I don’t understand his message, however he looks funny also he needs hair stylist

Daemon · #**1895** Posted **Jul 9, 2018, 5:47 AM**

I am back from beautiful British Columbia

and more photos to upload.

Excitement at the mansion. A crane arrived at site!

Daemon · #**1896** Posted **Jul 9, 2018, 5:51 AM**

Other mansion not much happening still.

Other mansion is busy with workers almost finishing.

craner · #**1897** Posted **Jul 9, 2018, 6:23 AM**

Kind of funny (& sad) that this site now only covers constuction of single family homes (mansions). No offence to you Daemon as at least you are posting photos.
Littlechilds comes in with an excellent photo update complete with renders and gets chased away for asking about condos in the Beltline.