Carey Says Ums, Psychic
What's less risky than throwing money into Saskatoon real estate? E*Trade.
This evening, I look at my last overpriced fixer-upper -- $300,000 for a ramshackle shack in the Buena Vista neighbourhood. Rotten eaves, a bathtub shoved in the attack and just enough space for a chair in the living room. And the good view? A fast moving freeway.
This real estate market is out of control. Good for current homeowners and a turnoff for newcomers.
I forecast a future far less promising than the overly aggressive yay-sayers. It will rise slightly, and then level. Everyone who just moved here from more urban dots on the map will either a) continue renting for less or b) move back to high prices with real amenities.
Buy a house? I'd rather play Russian Roulette with a loaded bank account.
Carey
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Reader Comments (3)
Hi Carey,
I have been reading with great amusement your home-hunting adventures. I am surprised Saskatoon has the market you're describing; I just assumed it would be far more reasonable. I must have missed the posts surrounding your move to SK when I was on extended blog hiatus because when I came back you were already gone from Vancouver. I also see you are expecting a ___! Woo-hoo! Anyways, just wanted to stop by and say hi.
Hey Wandering Coyote, it's good to hear from you. Saskatoon is pricey. I started looking at Vancouver condos and, funny, the home prices of both real estate markets are close to matching.
Good God. Who'd have thunk it? Well, I hope you two find something suitable soon. In the meantime, I'm enjoying your snarky descriptions!