Will I ever be able to buy?

[acpme_IHB]

reason,





what i meant was that it doesnt seem logical for one particular unit or type of unit to not have any depreciation while similar type of housing around it has. of course theres differences between the units, but from a birds eye perspective, the garland-treo-cortile area represents a general class of housing -- entry level townhomes and condos. and we've seen prices drop so it just didnt seem intuitive to me that house X, a 1500 sq ft townhome, is going to have drastically diff comps than house Y, 1600 sq ft duplex, and house Z, 1400 sq ft detached condo, etc.





my comments are just based on perception though from what i've seen, not based on any particular analysis. but perhaps actual comps might say otherwise. interesting information certainly though...

 

[reason_IHB]

<p>acpme, </p>

<p>I agree that from a bird's eye perspective, the garland-treo-lombard-cortile represents a general class of housing. Entry level condo/townhomes. And if someone is not from the community, you're right. That's all they see. But from what I have seen on MLS, a Cortile being a detached condo command a different price than a Garland (attached). I suppose, one person see price difference as drastically different. While another see the same price difference as not. But I do see your point. Thank you for politely replying. </p>

 

[acpme_IHB]

what i meant was relative pricing. of course cortile-garland-treo are priced differently, but they should see the same relative effects. for ex, i've seen plenty of treo homes sit on the market with prices reduced. while they are attached townhomes that are priced higher than my home, i have to acknowledge that whats happening to those homes has probably also happened to mine if i were to sell.





sure every house has its specific details. upgrades, a special location, what direction it faces, a lucky address number -- who knows what things might have particular value to a potential buyer. but from a general sense, i think people were just trying to say that it sounds overly optimistic that your specific property hasnt had any depreciation when other units in the same development and other condos/townhomes in the general vicinity are having trouble selling at reduced prices.





i do hope you're right though!