Quote:
Originally Posted by UFO
Not sure why everybody feels like this house is such a great deal, or below assessed value...
It's assessed at $532,100; $446,000 land $86,100 building. $599,000 is your typical 10-15% above assessed value asking price.
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because of media hype, that's why
also, let's talk about value - if you offered it to me for $400K i'd say that it's way too expensive.
to truly value a property, outside of emotion and potential redevelopment, it's all based on cash flow, that is if you're valuing based on fundamentals.
fuck vancouver's real estate pumpers and the idiots that buy into the hype. if someone pays 600K for this shithole, you deserve everything you get