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One of my daughters and her husband purchased a show house near their cities limits. They called me in for a home inspection after they commited to the purchase. A show house to me is one that both exceeds the occupants requirements and is very overstated. Everything with it being very high end.
If they had approached me earlier I would have suggested buying a farm just outside the limits instead and reworking or replacing the house if required. Would have cost a simular dollar. The area is the growth centre of Canada at present from a city perspective and was becoming so back then.Or to me was showing the right signs of going in that direction.
My logic was simple the farm property broken up and developed into housing at some point in their future would have been a major benifit for them. Where I was wrong was the time frame. All those smaller farms where developed into sub divisions only about five years later. The house they purchased rather than one of the local farms for sale theoretically may have cost them millions.
What I saw was very obvious but at our age not practical I though. I could have picked up one of those farms for very little. Nobody was aware things would move as fast as they did or I would have. Even in the current economy they cannot seem to build enough new homes and they are not cheap homes in that vicinity. A good percentage of the younger proffessional population of the maritimes are gravitating to that place.
The place is well geared towards younger people. It also seemed to shrug off the economic slowdown that occured over most areas of north america.
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