Thanks to R.Di for pointing out this travesty @2630 FRANKLIN ST, Hastings East, Vancouver East. v718488
$890,000.00?!!! WTF are these people smoking down on Franklin ST.? It reminds me of The Charge of The Light Brigade, or the Kamikaze Cult. No guts, no glory.
IT IS OVER! Shave your price by $600G's, and you might get a low-ball offer of $225K.
I have a mind to get a real estate license - just so that I could arrange to take your 75% off, low-ball offers to people like this. Any bored agents out there?
Actually, I wouldn't buy the place for an even $200K.
Any FTB better hurry to get in on this one to be a FB - as of October 15th, forget about that zero-down, 40 year amort., cash-back action, yer going to have to slap down 5% with a 35 year amortization. The handy Royal Bank mortgage calculator tells us that if you make accelerated weekly payments of $1,245.09 (a measly $4930.86/mo.), you can own this puppy outright in 27 years. It will take an annual income of about $200K to buy this place at these terms. Is here a surgeon in the house? A CEO of a middle corporation?
OK, I know that it is only really move-up buyers that are buying these places, but I am curious as to exactly from where someone would "move up" to this place. The Cecil Hotel?
I'm not normally subject to schadenfreude, but I feel a big, smug smirk coming over me.