70% of my listings with open fireplaces the sellers have not used the fireplace in years….just isn’t really practical!
It is the one type of heating system I regularly see working in original condition in 30-40 year old homes. Will modern gas fireplaces full of electronics last 30-40 years? Maybe, maybe not.
6 years later amidst a heated market in Victoria, B.C., I am left scratching my head.
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.
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.
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.
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.
I can, but only if you as the consumer are willing to embrace a fee for service model.
Not only do you want to buy into a building where rentals are unrestricted, but ideally you buy into an unrestricted building where the ratio of rented units to owner-occupiers is low.