That's what we're talking about when we talk about "real estate bubbles."
Pull the plug on a couple of the big upgrader projects and this place is worth $100 thou again.
Showing posts with label Fort McMurray real estate bubble. Show all posts
Showing posts with label Fort McMurray real estate bubble. Show all posts
Wednesday, March 20, 2013
Why Fort Mac real estate is poised to plummet
Here's what three-quarters of a million dollars gets you in Fort McMurray. Twelve hundred square feet of particle board and vinyl siding on a forty foot lot. Back when I was in the game we used to put that shit up for well under a hundred bucks a square foot. So how does a hundred thousand dollar shack become worth three quarters of a million?
That's what we're talking about when we talk about "real estate bubbles."
Pull the plug on a couple of the big upgrader projects and this place is worth $100 thou again.
That's what we're talking about when we talk about "real estate bubbles."
Pull the plug on a couple of the big upgrader projects and this place is worth $100 thou again.
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