A House I’ll Never Own or Decorate – The David Bowie Dream Home Edition

Shim-Sutcliffe’s Weathering Steel House. Photo via http://dereknicholson.com.

In real estate, as in love, there are homes that you have a fleeting crush on, ones that you want to have a family with, and others that are just so out-of-your-league gorgeous they become the stuff of fantasies. Such is the case with 87 Highland Crescent, which I’ve loved from afar for years and which is now on the market. Am I going to be placing an offer? Given an asking price of $6.85 million, I’m afraid my feelings will have to go forever unrequited: with Canada’s maximum 25-year mortgage terms, even if I (miraculously) had a 10 per cent down payment, and borrowed the $6.2 million balance, every month I would have to give the bank about $37,000 (assuming a reasonable interest rate of 5.24 per cent per year). $37,000. A month. That’s more than my yearly take home pay. The only way I could swing that would be to invent a time machine, go back about 10 years, and tell my teenage self all about Facebook so I could scoop Mark Zuckerberg. Anyway, the house actually appeared on the market two years ago at a higher price — $7.995 million — so whichever gazillionaire buys it can sleep easy on his mountain of money knowing he got a relative deal. David Bowie is rumoured to be a fan of the home’s architecture, so maybe he’ll snag it for Iman. Sigh, below is why I love it so much.

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