Calgary Construction XXVI - Page 186

dg66 · #**3701** Posted **Feb 10, 2019, 1:27 AM**

I remember this pic, And I remember the users who posted about this, his name was KY150. Who might now be Subugatory.

Quote:

Originally Posted by suburbia

^^^ That is a pretty disturbing sight!

Some years back I posted a picture of Kowloon walled city before it was demolished, and one of the forumers (used to go by KY something or other and was a gardener I think, but has since changed forum handle) actually responded how amazing it looked and that they wished they could live there.

REF: KWC - 1989 Aerial - Creative Commons Attribution-Share Alike 4.0 International license (work was unaltered)

suburbia · #**3702** Posted **Feb 10, 2019, 2:55 AM**

Quote:

Originally Posted by Bad Grizzly

It doesn’t work that way. You build up equity in a home and after a while you have more income and decide to move to a larger, nicer home. You sell your current home which has appreciated and also has a lower principal balance. You put that money from the sale towards a larger, nicer place. Your mortgage is not much more than your previous mortgage, and since you have more income it doesn’t matter much. If you stay in that house you can enjoy cheap housing costs as time time goes on. At some point you have no mortgage at all.

Absolutely true. And if you own, you are more immune to market fluctuations as compared to a renter. Further, you can leverage the market cycles to your advantage, as you are not slave to them and instead hold the cards.

Corndogger · #**3703** Posted **Feb 10, 2019, 3:17 AM**

Quote:

Originally Posted by dg66

I remember this pic, And I remember the users who posted about this, his name was KY150. Who might now be Subugatory.

Was it KY150 or something slightly different? I remember a poster who had numbers in his user name who tended to be very ideologically driven and anti-car. Not sure if it was him or someone else who would constantly claim 11 Avenue in the Beltline was a high speed highway b/c it has four lanes. lol

X_ting_on · #**3704** Posted **Feb 10, 2019, 3:25 AM**

I agree that the slum is disturbing. That Kowloon slum was infamous as a slum. Nobody is going want choose to live there. Did someone said they wanted to live there or are making it up? I strongly disbelief anyone would choose to live there. No downtown kind a peoples I know would not choose live there.

Quote:

Originally Posted by suburbia

^^^ That is a pretty disturbing sight!

Some years back I posted a picture of Kowloon walled city before it was demolished, and one of the forumers (used to go by KY something or other and was a gardener I think, but has since changed forum handle) actually responded how amazing it looked and that they wished they could live there.

REF: KWC - 1989 Aerial - Creative Commons Attribution-Share Alike 4.0 International license (work was unaltered)

Suburgatory · #**3705** Posted **Feb 10, 2019, 3:39 AM**

Quote:

Originally Posted by Corndogger

I said nothing about location.

Of course you say that.

Location matters. It also matters in a discussion that would require comparables. That’s why the 4plex townhouse unit is $800k and not $200k. It’s in Altadore, Calgary not Dauphin, Manitoba.

Suburgatory · #**3706** Posted **Feb 10, 2019, 3:42 AM**

Quote:

Originally Posted by dg66

I remember this pic, And I remember the users who posted about this, his name was KY150. Who might now be Subugatory.

I’m not KW FYI but try again since it’s completely relevant.

Corndogger · #**3707** Posted **Feb 10, 2019, 4:28 AM**

Quote:

Originally Posted by Suburgatory

Of course you say that.

Location matters. It also matters in a discussion that would require comparables. That’s why the 4plex townhouse unit is $800k and not $200k. It’s in Altadore, Calgary not Dauphin, Manitoba.

Size and cost were the variables I was referring to.

Suburgatory · #**3708** Posted **Feb 10, 2019, 4:41 AM**

Quote:

Originally Posted by Corndogger

Size and cost were the variables I was referring to.

Sigh. Cost is impacted by location.

Suburgatory · #**3709** Posted **Feb 10, 2019, 5:00 AM**

Quote:

Originally Posted by Littlechilds

Decided to brave the cold, take a long walk, and take photos of some multi-family units in my community...Altadore.

There seems to be a real push by several developers for 4-plex row housing! It's pretty bonkers what the asking prices are.

Units in this 4-plex are starting at $799,900! I think they really missed on this one (though the interior and square footage makes up for it somewhat).

$800k?!?! Why not just buy a Villa on the Amalfi Coast?

Suburgatory · #**3710** Posted **Feb 10, 2019, 5:49 AM**

Quote:

Originally Posted by Bad Grizzly

There’s an easy solution to that. Don’t waste your money, and overpay by buying a house in Altadore. There are thousands of houses all over the city for that same square footage for a third of the price

Thousands? Same square footage?

There are only 38 houses for sale total under 300k in the entire city and only 4 that are a third of the price. 625, 806, 882, and 1030 square feet.

Thousands

Facts don’t matter.

Bad Grizzly · #**3711** Posted **Feb 10, 2019, 6:40 AM**

You might be right about KW150 being Suburgatory. They both post the exact same things. Can one city really have two people like Suburgatory? Lol.

Quote:

Originally Posted by dg66

I remember this pic, And I remember the users who posted about this, his name was KY150. Who might now be Subugatory.

Bad Grizzly · #**3712** Posted **Feb 10, 2019, 6:43 AM**

Okay, I was exaggerating when I said a third of the price. But in all seriousness you can get a house with same square footage for a little over half the price.

Quote:

Originally Posted by Suburgatory

Thousands? Same square footage?

There are only 38 houses for sale total under 300k in the entire city and only 4 that are a third of the price. 625, 806, 882, and 1030 square feet.

Thousands

Facts don’t matter.

Suburgatory · #**3713** Posted **Feb 10, 2019, 7:37 AM**

Quote:

Originally Posted by Bad Grizzly

Okay, I was exaggerating when I said a third of the price. But in all seriousness you can get a house with same square footage for a little over half the price.

Sure, move the goal posts. Now it’s a house for a little over half the price.

Not in a decent location you’re not. Interesting how location seems to impact price.

Cheapest 2000 square foot in the entire inner city is $588,000. 3/4 of $800k.

https://www.realtor.ca/real-estate/20242...07-15a-st-se-inglewood-calgary-inglewood

Suburgatory · #**3714** Posted **Feb 10, 2019, 7:41 AM**

Quote:

Originally Posted by Bad Grizzly

You might be right about KW150 being Suburgatory. They both post the exact same things. Can one city really have two people like Suburgatory? Lol.

I’m Suburgatory, not KW150 but keep repeating yourself cause it’s relevant and it’s sooo interesting.

Well, there’s certainly no one exactly like me but there are probably a few hundred thousand that are close.

Western Spaghetti · #**3715** Posted **Feb 10, 2019, 8:31 AM**

He never said inner city, he said all over the city.

Quote:

Originally Posted by Suburgatory

Sure, move the goal posts. Now it’s a house for a little over half the price.

Not in a decent location you’re not. Interesting how location seems to impact price.

Cheapest 2000 square foot in the entire inner city is $588,000. 3/4 of $800k.

https://www.realtor.ca/real-estate/20242...07-15a-st-se-inglewood-calgary-inglewood

And he's right. A two second search will turn up boat loads of houses for just a little over half that are around the same square footage. Not only are they almost half, they are a true house with a yard, and not some half-assed excuse for a house such as a rowhome.

Skyview
$439,000

https://www.realtor.ca/real-estate/20247...yscape-st-ne-cityscape-calgary-cityscape

$412,000

https://www.realtor.ca/real-estate/20219...d-ne-skyview-ranch-calgary-skyview-ranch

Redstone $439,000

https://www.realtor.ca/real-estate/20219...d-ne-skyview-ranch-calgary-skyview-ranch

Taradale
$404,000

https://www.realtor.ca/real-estate/20009...arington-gr-ne-taradale-calgary-taradale

Auburn Bay
$415,000

https://www.realtor.ca/real-estate/20276...-bay-vw-se-auburn-bay-calgary-auburn-bay

Arbour Lake
$434,000

https://www.realtor.ca/real-estate/20322...ne-pl-nw-arbour-lake-calgary-arbour-lake

Tuscany
$425,000

https://www.realtor.ca/real-estate/20297...cany-ridge-tc-nw-tuscany-calgary-tuscany

Western Spaghetti · #**3716** Posted **Feb 10, 2019, 8:38 AM**

You'd have to be mental to buy something like that. A row home with no yard, and you're going to pay $800K??

Quote:

Originally Posted by Bad Grizzly

Anyone suckers out there who feel like shelling out 800k for a crammed little row home with no yard? What a joke

Excellent examples of how the inner city sucks balls for housing. This is exactly what I've been talking about.

Western Spaghetti · #**3717** Posted **Feb 10, 2019, 8:42 AM**

Quote:

Originally Posted by Suburgatory

Because a house of similar size, not even new is $1.4M.

https://www.realtor.ca/real-estate/20277...-1947-46-av-sw-altadore-calgary-altadore

Why do you keep bringing up Altadore or the inner city? He was talking about houses anywhere in the city.

However I should thank you though for posting that link. That detached home for $1.4M, is the perfect example for the argument of what many have been saying - Inner city housing is a rip off, and you've just proven it.

Suburgatory · #**3718** Posted **Feb 10, 2019, 9:22 AM**

Quote:

Originally Posted by Western Spaghetti

Why do you keep bringing up Altadore or the inner city? He was talking about houses anywhere in the city.

However I should thank you though for posting that link. That detached home for $1.4M, is the perfect example for the argument of what many have been saying - Inner city housing is a rip off, and you've just proven it.

You should read the discussion.

suburbia · #**3719** Posted **Feb 10, 2019, 10:15 AM**

Hey Suburgatory - with wild temperature fluctuations in Calgary over the winter, what do you recommend to best protect trees and perennial plants from winter kill? Is there anything the City could be doing better to help protect all of the trees under their jurisdiction?

jc_yyc_ca · #**3720** Posted **Feb 10, 2019, 4:24 PM**

I’m surprised you picked these places for your argument, unless you’re secretly trying to make Altadore look good. Those houses might be cheaper than the one in Altadore but they are garbage in every way. They might be 60% of the price, but are 30% of the value.

Quote:

Originally Posted by Western Spaghetti

He never said inner city, he said all over the city.

And he's right. A two second search will turn up boat loads of houses for just a little over half that are around the same square footage. Not only are they almost half, they are a true house with a yard, and not some half-assed excuse for a house such as a rowhome.

Skyview
$439,000

https://www.realtor.ca/real-estate/20247...yscape-st-ne-cityscape-calgary-cityscape

$412,000

https://www.realtor.ca/real-estate/20219...d-ne-skyview-ranch-calgary-skyview-ranch

Redstone $439,000

https://www.realtor.ca/real-estate/20219...d-ne-skyview-ranch-calgary-skyview-ranch

Taradale
$404,000

https://www.realtor.ca/real-estate/20009...arington-gr-ne-taradale-calgary-taradale

Auburn Bay
$415,000

https://www.realtor.ca/real-estate/20276...-bay-vw-se-auburn-bay-calgary-auburn-bay

Arbour Lake
$434,000

https://www.realtor.ca/real-estate/20322...ne-pl-nw-arbour-lake-calgary-arbour-lake

Tuscany
$425,000

https://www.realtor.ca/real-estate/20297...cany-ridge-tc-nw-tuscany-calgary-tuscany