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Mayne Island Nightmare: Selling rec property in a collapsing market.
03-08-2015, 09:22 PM,
#27
RE: Mayne Island Nightmare: Selling rec property in a collapsing market.
And I'm always game for a cook-off.

OK, that sounds pretty casual, like Costco patties, buns and salads. I take my cooking feuds are rather more seriously than that, we're talking multiple ongoing battles of finely nuanced variations on many themes, evolving for years. That was not a gauntlet thrown down, more a discrete invitation to an exclusive event.
And since you are contemplating island life, I think you get the importance of filling time with constructive highly enjoyable social hobbies.

As far as your questions, it all depends on what you want. The worst financial disasters will likely occur in the high-end new build speculative properties, but they'll still be expensive sterile uncomfortable mansions IMVHO. We just plain don't want that, on a personal level.

Be open to alternative arrangements, still more common than you'd think in rural coastal BC. (Likely in many places, not just in the areas I know.) In our case retirement is ~10 years out, if someone is in desperate need of money but wants to remain in their home a deal could be made. Or the right place may show up early and need to be rented out for some years before we are ready to move. Two (or more) dwelling properties open up a whole host of possibilities. Bare land stratas are not to be thought of like normal stratas, very different and quite workable.
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RE: Mayne Island Nightmare: Selling rec property in a collapsing market. - by alexcanuck2.0 - 03-08-2015, 09:22 PM

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