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Old 08-27-2015, 08:44 PM   #3951
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No doubt that money was made, except you're discounting building cost as the most obvious factor which is no small change.
I made no mention of discounting their building costs, don't read into something I didn't say.

Their building costs were around 400-550K, figure cap gains on the property and other fees and they're looking at a nice tidy $550 or so K in profit.
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Old 08-27-2015, 11:40 PM   #3952
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Balcony facing west will be a bitch to live without A/C, facing east is good only if you wake up at 6 oclock to work.

You are a wise man!


Worst ever is an east-facing apartment hangover. In summer it is bright as fuck at like 6 AM hahaha.
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Old 08-28-2015, 10:46 AM   #3953
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I have to say... man... living in Marpole... is fucking QUIET!!!

Also, dear god, do any of you drive down Oak street to get to Richmond between 3-7 PM?

You poor souls. The traffic and the way people drive on Oak street towards Richmond is insane!!! Just sit for an hour during Rush hour(s) at the Starbucks at 67th and Oak, people are slamming on their brakes, cutting over lanes, road-raging at other drivers, morons drive across 67th at the last possible moment on the red and ALMOST get t-boned like 3-4 times in an hour. Also, seen like 4 T-bone accidents at 67th and Cambie. That new huge tower complex at Marine and Cambie has fucked this neighborhood uppppppp.
But living in Marpole, trips to Costco at 8pm on a weekday are awesome!
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Old 08-28-2015, 11:14 AM   #3954
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That new huge tower complex at Marine and Cambie has fucked this neighborhood uppppppp.
Speaking of the Cambie corridor...

I know it's old news now but I only noticed this week all the boarded up homes on the Corridor. I guess developers bought each plot (at least $1 mill each) and are going to merge them to build more super towers?

It kinda felt like I was driving through Flint, MI for a few blocks. I also read they're having a squatter problem because most of the homes are still standing.

I guess squatting is the best way to afford a detached home
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Old 08-28-2015, 11:18 AM   #3955
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^ More like 6 story condos w/ 50 suites for 1 mil each min.
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Old 08-28-2015, 11:27 AM   #3956
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Speaking of the Cambie corridor...

I know it's old news now but I only noticed this week all the boarded up homes on the Corridor. I guess developers bought each plot (at least $1 mill each) and are going to merge them to build more super towers?

I grew up at 308 West 22nd before my white parents divorced and lost all of their wealth! I love living on tree-lined streets, it creates such a nice ambiance even if they do dip bug-goo on your car.


The Cambie Corridor from King Edward to QE Park was one of my favorite places to walk as a kid, all of the houses were so big, stylish and magical.


Living near QE Park is a dream of mine, just need to work on a hit book...
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Old 08-29-2015, 12:44 AM   #3957
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Land on Cambie corridor is 3 mill + for street facing ones. There aren't that many that is not locked up anyways. The reason is they are already zoned for medium density 6 stories building without having to rezone (ever since 2008). Prices drop quickly 2 houses into a quiet street.

Building super towers might sound cool, but it takes forever with hearing and all that. From a developer's perspective it is much easier to just do a quick build, sell and get on to the next one.

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Speaking of the Cambie corridor...

I know it's old news now but I only noticed this week all the boarded up homes on the Corridor. I guess developers bought each plot (at least $1 mill each) and are going to merge them to build more super towers?

It kinda felt like I was driving through Flint, MI for a few blocks. I also read they're having a squatter problem because most of the homes are still standing.

I guess squatting is the best way to afford a detached home
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Old 08-29-2015, 01:22 AM   #3958
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6 storey wood frame = hell
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Old 08-29-2015, 01:46 AM   #3959
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Believe it or not a ton of newly build apartment don't have air conditioning. Look at The Met that just finish and a bunch of apartments around the metrotown area. Most of them don't have air condition.
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Damn developers looking to build as cheap as possible...

I built my house in 2013 and originally wanted to save costs and not install air conditioning. My contractor convinced me to install the ducts/vents at the very least because it would be impossible to add on once the house was completed. In the end we got the full system installed - best decision ever.
Actually, The Met had the option to add an A/C per unit as an additional cost
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Old 08-29-2015, 08:16 PM   #3960
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is this a new thing? I went to an open house today. House has been for sale for less than a week and the realtor told me that they won't take any offers today, Tuesday everyone can put in an offer and he will get back to people to see if the want to increase their bid.
House is already $989k and everything is 20+ years old. Fuck.
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Old 08-29-2015, 08:38 PM   #3961
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Not really new but the realtor could have just as easily said offers wont be reviewed until Tuesday (so adjust dates accordingly). Clearly inducing a bidding war. Nothing new to see here.
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Old 08-29-2015, 08:49 PM   #3962
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This really needs its own thread.
Youre better off staying home and saving up atleast then paying so much interest on top of these inflated prices.
The Tiny House VS. a Mortgage – Debunking the Myth of Home Ownership
http://clotheslinetinyhomes.com/2013...ship/#comments

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Old 08-30-2015, 12:35 AM   #3963
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5% interest rate?

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Old 08-30-2015, 02:12 AM   #3964
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A 250k house in 30 years will cost a hell of a lot more than that. With the market the way it is right now in some areas you can wait a year or so and your property is up over 100k (houses not condos). If I had bought a house i wanted 6 years ago instead of the condo my wife wanted it would be worth at least 500k more by now...
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Old 08-30-2015, 10:41 AM   #3965
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If its easy to flip houses like that why isnt there more people in Vancouver driving Ferrari's?
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Old 08-30-2015, 10:53 AM   #3966
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"I signed up to a Zionist website and all the Illuminati gave me was this lousy user title"

To the mod who came up with that one

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Old 08-30-2015, 11:01 AM   #3967
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This really needs its own thread.
Youre better off staying home and saving up atleast then paying so much interest on top of these inflated prices.
The Tiny House VS. a Mortgage Debunking the Myth of Home Ownership
Congrats, you just learned the basic principles of how mortgages work!
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Old 08-30-2015, 11:05 AM   #3968
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Thats as deep as the article teaches?
RS points for whoever to make cliffnotes.
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Old 08-30-2015, 02:53 PM   #3969
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is this a new thing? I went to an open house today. House has been for sale for less than a week and the realtor told me that they won't take any offers today, Tuesday everyone can put in an offer and he will get back to people to see if the want to increase their bid.
House is already $989k and everything is 20+ years old. Fuck.
A few pages back I mentioned an older house for sale in Vancouver for under $500K.
Well, low and behold, after the open house, 1785 Kent St. sold for $630K.

Another place that we looked at in the Hamilton area, asking price was $745K, sold for $788K.

I think I am going to stick with what we have for the time being. I'm just gonna sit here, eat my popcorn, and wait it out. :

Way too many house horny people in Vancouver.
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Old 08-30-2015, 07:09 PM   #3970
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Are you Demolitionist or Anti-Demolitionist?

Shaughnessy heritage homes moratorium debate gets heated - The Globe and Mail

Some golden words

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Mr. Saito says he and his agent partner have sold about $100-million in Shaughnessy property in the past year and a half.
Followed by...

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“This is discrimination against the rich,” [Saito]
Goes on to say...

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“I’m just a lowly realtor. I don’t make that much money.
And the climax...

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Mr. Saito, who lives in Kerrisdale.
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Old 08-30-2015, 08:02 PM   #3971
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Actually, The Met had the option to add an A/C per unit as an additional cost
I guess everyone I know that purchase it didn't install A/C then....... Luckily Met2 have A/C built in. Going to turn it up to the max in summer.
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Old 09-01-2015, 08:27 AM   #3972
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My buddy bought brand new In the tower across from metro which is connected by that pedestrian bridge, a huge portion of the ownership are Chinese. Early on in the buildings life it was a HUGE problem with people turning off their heat in the winter time and running their fucking gas ranges with the door open to heat their unit..

Gas = covered by strata, electricity is not

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IMO avoid condos owned mostly by Chinese people. Parent's building already pulled the plug on things like the outdoor fountains and sold the grand piano in the front corridor to cut expenses. Think they also banned pets in the shared yard space since these filthy people don't pick up their shit.
lol mainlanders
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Old 09-01-2015, 04:58 PM   #3973
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Do pray tell how do you know who your neighbors are in a new build? or even an old build? Do you knock on each door in a complex to ask where they are from? or hire a PI?

Sounds like a good idea, but impossible to implement.

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IMO avoid condos owned mostly by Chinese people. Parent's building already pulled the plug on things like the outdoor fountains and sold the grand piano in the front corridor to cut expenses. Think they also banned pets in the shared yard space since these filthy people don't pick up their shit.
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Old 09-02-2015, 08:23 AM   #3974
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Do pray tell how do you know who your neighbors are in a new build? or even an old build? Do you knock on each door in a complex to ask where they are from? or hire a PI?

Sounds like a good idea, but impossible to implement.
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Old 09-02-2015, 09:23 AM   #3975
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Do pray tell how do you know who your neighbors are in a new build? or even an old build? Do you knock on each door in a complex to ask where they are from? or hire a PI?

Sounds like a good idea, but impossible to implement.
In a new build I'd say the lineup for presale is a pretty good indicator lol
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