Calgary Herald New Condos - - New Condos -

am con­fi­dent I will make this in­vest­ment work. I have three op­tions: I can live in it; rent it to any of the young pro­fes­sion­als down­town who want con­ve­nience, class and to live within walk­ing dis­tance to work; or I can sell it if it ap­pre­ci­ates in value.” Since the con­struc­tion will take 18 months or more, he will have time to save even more money as a down pay­ment. “I have an eco­nom­ics de­gree, so we’ll see if it pays off,” he says. “I am con­fi­dent NEXT will ap­pre­ci­ate over the next two years with both in­fla­tion and the an­tic­i­pated five-to-seven per cent in­crease in Cal­gary’s hous­ing mar­ket. If I gain 20 to 30 per cent off the in­vest­ment, that’s great. If I break even, at least I tried. “I truly be­lieve real es­tate is rel­a­tively risk free — un­less you’re en­ter­ing a re­ces­sion. I’m con­fi­dent we’re past those hard times for now.” He hopes to put 25 per cent of the condo price as a down pay­ment. “The great part about buy­ing two years out is that I have 48 months to come up with a larger down pay­ment.” WHERE HE BOUGHT: NEXT in Bridge­land. DE­VEL­OPER: Bucci De­vel­op­ments Ltd. POS­SES­SION DATE: About Jan­uary 2013.

Pho­tos, Ted Rhodes, Cal­gary Her­ald

The open de­sign of the show suite in NEXT by Bucci De­vel­op­ments in­cludes the liv­ing room and kitchen.

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