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Calculating Fair Value in today's market
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05-28-2014, 06:07 AM,
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RE: Calculating Fair Value in today's market
(05-22-2014, 05:57 PM)Alexcanuck Wrote: I don't want a massive house that will cost a fortune to heat and maintain, I want a wonderfully comfortable, welcoming, easy-care place to live, not a sterile glass-fronted monstrosity. There are many properties that I would value less because they tore down the wonderful home that was there and built a McMansion.The current crop of homeowners are living in a dream world. Much like the post war parents that watched their children walk away from a fine suburban home to go live in a VW microbus in a commune down by the river. Their ego will not let them understand that they are living in an apartment building currently labeled a McMansion. The one thing guaranteed to happen is change. The values of the fathers are rarely those of their sons. The current and upcoming generation will be mobile, frugal, connected from a distance. One thing you can count on is that whatever has value now, will pass. Those rural 5 acre mini estates in 10 years will be worth less than raw land. Drive through any city and really picture the world those consecutive communities were built in. Generally, a trend or mindset rotates through every 5th generation or 80 years. Remember drawing those 5 point stars when you were kids? It always arrives back at the starting place. What was being built in 1934 and the decade after? Multi generational housing and large 20's houses being chopped into rental suites. That is your future. IMO Keep in mind that the people owning them did not WANT to convert them. They HAD TO for survival and to pay the heating, taxes, upkeep. Fair value will be seen in 'return on investment' values rather than assessment. How many suites will it convert to? |
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Messages In This Thread |
Calculating Fair Value in today's market - by JimmyWW - 05-22-2014, 10:43 AM
RE: Calculating Fair Value in today's market - by Alexcanuck - 05-22-2014, 05:57 PM
RE: Calculating Fair Value in today's market - by NolaM - 05-28-2014, 06:07 AM
RE: Calculating Fair Value in today's market - by Boomer - 06-23-2014, 04:29 PM
RE: Calculating Fair Value in today's market - by Skook - 06-23-2014, 05:24 PM
RE: Calculating Fair Value in today's market - by JimmyWW - 06-24-2014, 04:41 AM
RE: Calculating Fair Value in today's market - by Boomer - 06-24-2014, 07:24 AM
RE: Calculating Fair Value in today's market - by JimmyWW - 07-01-2014, 07:19 AM
RE: Calculating Fair Value in today's market - by Boomer - 07-02-2014, 11:01 AM
RE: Calculating Fair Value in today's market - by georgie girl - 08-03-2015, 09:07 PM
RE: Calculating Fair Value in today's market - by Plelt - 08-04-2015, 09:27 AM
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