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California

BobTheSubgenius

(12,051 posts)

10. There is very little in the housing markets that surprises me anymore.

Reply to Auggie (Original post)

Tue Jun 3, 2025, 12:16 PM

Jun 3

A few years ago, there was a decent-size lot with a teardown still standing on it in the Point Grey area of Vancouver. It had spectacular views, of course. It had to have SOMETHING that justified the asking price of $22.000,000. Concurrently, there were 9 jaw-dropping chateaux in France for the same price, more or less.

Around that same time, there was a penthouse for sale in downtown Vancouver that had ongoing expenses - strata fee and property taxes - that came to $10,000 a month. Asking price - $26,000,000