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Interesting about Bowen Jimmy.
I like to look at raw unserviced land because that is what tends to slip first.
Along with Recreational and 2nd homes.
I recall going to an investment seminar in 2007 and one of the Margined Paperstock daytraders was wanting to know the best RE deal in Kelowna.
I told him... start looking at Condos on Big White next year, buy in about 5 years from the receiver.
It's like I had taken the last toy out of his play pen...lip quiver...
There was a resort condo sold last week in Kelowna, @ $128.000.
In 2007 one exactly like it sold for $274.000.
Big White Condos that were selling for $125.000 are listed for $43.500.
And there is now 137 MLS property listings on Big White.
Every Ski hill is the same. People cannot afford the gas to get to the hill... never mind the lift ticket.
The demographics do not look good in that industry.. most of the old hardcore are on their second set of knees..
The same with Golf Courses and Wineries and the housing attached. Nobody talks about the dirty little secret of the chemicals used in these industries.

Did you just hear a loud POP?
I do hear you on the size of the houses.
And you are right... the taxation has not even started to ramp up.
Seems like just before every downturn every small town builds a new police station, city hall, fire hall or puts in a bazzillion dollar water system.
They use variable rate money and that puts an ugly spin on the spread when the credit crunches.

We go to a local swap meet. The 20 somethings are disenchanting from their stuff.
They bring their treasured collections and sell them off like a Beany Baby Clearout.
I look at the old guys with stamp collections, selling envelopes of uncancelled at 1/2 face.
Records, Sports Cards, Hot Wheels, Books, DVD's, Games. are all 25 cents to $5.
Tools, clothes and household goods are 10 cents on the dollar.
Auctions and pawn shops are gasping their last.
New has little value and nobody wants used.
Like you said.... everything is online.
People are buying lawn furniture rather than regular stuff.
Then they just put it out on the curb instead of moving it.
I hear the seniors howling that the grandkids refuse to even take treasured family antiques.
They don't want or need the baggage. It has no value.
Coming up soon is the University Garage sale.
Kids outfit their dorms and then sell down to a backpack before they leave for the year.
I hear last year microwaves were $2. Storage places are empty.
In years gone by the students stored stuff... not any more.
Restaurants are reducing hours and pubs are trying to add them.
Whole Commercial areas with huge empty built out commercial... and they are building more.
Every Dealership in town has built a Romanesque edifice to flog cars in.
I told my husband... "How ironic...nobody remembers how Rome ended?"
They outsourced, overtaxed, over regulated and defaced the money.
Rinse... Repeat? sigh.

It is nice to have company in the observation. Thanks. N
While over in Jimmy's thread on Business, I veered wildly off topic as I am pretty much guaranteed to do.
So many interconnected. Eyeroll. Tongue
In the interests of cleaning things up a bit.
Please dump Mini home stuff here.

My link...
Raj over at Moduline in Kelowna figures he can custom build something similar.
He is currently building Park Models.

I am finding is interesting how the guys that are taking the Heavy Machine Operator course in Kelowna.
The powers that be have decreed that one cannot just plunk a kid on a machine.
They need a certificate first. So a lot of the Northern Bands are using the Native Education bursary and sending their young guys down here to take the course.
It is funny... the first week or so they are really quiet because they don't know anyone...
Then it is party hard with hair straight back for a few weeks.
Then somebody clues them in that to get a job they need to pass a drug test.
So then they are sitting in the sauna, sweat lodging, playing cards and smoking the rest of the time.
It is almost a right of passage. Nice guys, I like the Northern/Rural kids the province is putting out.

Anyway... to circle back to the topic at hand.
A lot of times it is impossible to get a mortgage for a home on Band Land.
A Vehicle Loan and an RV loan are a whole different thing.
It is based on income, not location.
And rolling into rural towns/camps, finding a place to live is difficult.

If you were a homeowner, would you build a rental house pay taxes on that?
Or put in a Power mast, a Sewer diverter and water bib and charge 60% of income for 3% of the outlay?
You notice that a lot of the northern properties listed for sale have an RV hook-up advertised?
In the old days Mama used to sell eggs to pay for the homestead.
Now she rents that Hook-up.

RV's used to be a summer season only but now there is mobile skirting made by CCV
It is a Polycell or Hardfoam core with Fiberglass, Aluminum, plastic heatglued to the outside.
They use the same thing for the back ramps on the Toybox RV's
Incredibly strong, lightweight, bug proof, insulated and workable.
Comes in up to 9'6 x 27 ft lengths. 1/2" to 7" thickness.

... and I loop back to the mini homes.
How much would a mini home cost if you used this stuff?
Hmmmn... I should send a link to Nomad out of Vancouver
Very interesting post once again, Nola.

Last year, I began reading about the “Tiny House Movement” in the U.S. and it seems to be gathering momentum. Only 4 days ago, the BBC offered its own take on it and you can read that that April 11th story ‘Americans construct tiny houses – and new lives.’

One of the web sites I came across last year was ‘Tumbleweed Tiny House Company’ and personally I like these homes. I grew up in a very small home and when I settled down in the Pender Harbour I was in a small home. The maximum size home I would ever want would be 1000sf tops.

I honestly think the vast majority of Millennials (generation “Y” - born early 1980s to early 2000s) will eschew the large homes of their parents’ generation for a number of reasons: first, of course, is they can’t afford to buy the homes; second, as energy prices rise, the homes with their dance floor size bedrooms, spa-like bathrooms and large open concept living areas will become immensely expensive to heat and maintain and it’s important to note that property taxes are based on covered space and in the McMansions so much of that space is wasted; third, the “Ys” are more environmentally conscience and believe in reducing their carbon footprint; forth, the technology the “Ys” embrace is decreasing exponentially in size with each passing year. With their smartphones, iPads, and applications and data storage in the cloud, everything can be tucked away in a drawer.

Back in the early 1990s, I worked at a catering company in Edmonton and we did an open house at a new development which offered the first of these huge homes. It was the first time I had seen a home with a built-in intercom system so you could communicate with others in different parts of the house. I came away shaking my head; only 12 or so years later, that size home would be considered the “norm.” They made their way to the Sunshine Coast by the mid-2000s and the real estate boom meant young families were taking on half million dollar or more mortgages. I’ve said this before in previous posts I cannot understand why in the recent past those retiring and moving to the coast would be opt for these huge homes. However, looking at the homes sold in the past year, I think the trend is now changing.

Based on what I have written above, this is why I cannot understand why the new Silverstone Heights development has chosen to offer homes in the 1605 - 2616sf range. My thought is the 1605sf should have been the max (that size still carries a price tag of $479,900 including GST). Since there have been no sales after 6 months of listing, perhaps others are beginning to think the same.