Why are consumers not embracing alternative commission models in a super-hot real estate market?
6 years later amidst a heated market in Victoria, B.C., I am left scratching my head.
Why do a lot of REALTORS® drive luxury cars? Consumer is naive and it works?
Unfortunately a lot of consumers associate a luxury car with success/competency. From personal experience, driving a nice car helps, but it is not something I would look for in a professional personally.
Single family home affordability in the core, Victoria, B.C.; will we mimic European cities?
In Europe for decades a single family home in the core of a desirable city has typically been out of reach for the average earning family.
5 year investment condo review, downtown Victoria, B.C.
In my 5 years of ownership the condo has appreciated from $198,900 to approximately $230,000 – $235,000 and the mortgage principal has dropped from $158,900 (initial down payment of $40,000 on the $198,900 purchase price) to approximately $139,000. During this time the condo has been cash flow positive every single month.
How much can you save as an owner-builder over hiring a contractor in Victoria, B.C.?
The savings are a little difficult to calculate as owner-building will take time away from your actual career/business. I would owner-build again but only if I was semi-retired or completely retired.
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