[quote user=“rrebell”]
BATMAN
ATLANTIC CENTRAL
So Brent, I had some of the current details wrong, but the overal result is about the same as it applies to our situation.
Sheldon
Close enough.
Do you have old houses that are designated “heritage houses?”
My Brother-in-law bought two houses designated heritage houses side by side about thirty years ago and has not done that well as far as increasing value of the properties. He is regretting the move I am sure. He is so limited on what can be done with them, fewer and fewer people would be interested in buying a house with such restraints. He has fixed them up nicely but it is two heritage houses surrounded by modern development.
We have a saying up here in Vancouver. “if you ever leave you can never afford to come back”. Real estate prices are so high that in Vancouver proper, 2 million CA will get you the dumpiest place in town.
In 1960 my parents bought a brand new house outside of Vancouver for $16.000.00. I noticed it sold for just over 2 million not long ago. In 1960 it was a nice new middle-class home in a nice new subdivision. The area is still really nice but the house is old and will likely be bulldozed in the near future.
My kids are resigned to the fact they won’t be living in the Vancouver area. My son will if he continues on in the movie biz, but then he will make enough doing so. A decent house will cost you 3 million. That’s $20,000.00 a month mortgage payment. Only New Zealand where our friend Bear lives is more expensive.