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I'm wondering, how well do townhouses hold their value over time? For boomers cashing out, those who are selling off their bungalow or Van Special are still getting good money, but I don't know of anyone selling off a townhouse. Looking at the assessment, it's mainly land value for the detached properties and the building is worth close to nothing. I know it's impossible to know what the future holds, but I wonder how much a well-loved townhouse will be worth in 20-30 years vs detached in east van.
I'm a huge fan of detached properties myself but understand the headaches of owning a crappy old rental house in Vancouver. It's like having a side job where you can get called at any time and don't get paid. Sometimes I have to take time off work to be present when things are getting fixed. I can see why people are reluctant to do it.
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