REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 03-24-2016, 12:34 PM   #5451
Rs has made me the woman i am today!
 
Join Date: Apr 2001
Location: Vancouver
Posts: 4,096
Thanked 1,576 Times in 719 Posts
Quote:
Originally Posted by Hondaracer View Post
1.8 sounds pretty high for what you're describing..but maybe not.

Even selling at 1.8, if they are comfortable in the house/area they most likely won't find a similar situation close by and keep money in their pockets from the sale. Unless of course they are willing to downsize.
I definitely agree with Hondaracer. New Coast is especially aggressive because after all, their agents don't keep the standard amount of the commission.

Unless they're willing to move and/or downsize, they will find themselves in a bidding war situation if they wish to stay in their current neighbourhood. They may lose money in the end.
Advertisement
Tapioca is offline  
Reply With Quote
Old 03-24-2016, 12:47 PM   #5452
Head of HR....have a seat on that couch
 
fliptuner's Avatar
 
Join Date: Jan 2003
Location: Coquitlam
Posts: 19,693
Thanked 12,354 Times in 3,339 Posts
Selling is easy (as long as pricing/expectations are reasonable). Buying is a battle if you have a ceiling.
__________________
feedback

Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad


RSUV #7
fliptuner is offline  
Reply With Quote
Old 03-24-2016, 01:08 PM   #5453
I STILL don't get it
 
superdennis's Avatar
 
Join Date: Jun 2002
Posts: 497
Thanked 160 Times in 23 Posts
Quote:
Originally Posted by jerche View Post
They have no plans to sell. They just got approached. Moved in about 4-5 years ago. Place is about 20 years old 3 floor house with newly renovated basement suite. The assessed is $1.45M this year if I remember correctly. It is in quiet neighborhood. They said they can get them $1.85-2M.
My client just sold their 3 story 21 year old house (33x122 lot) in South Vancouver by David Thompson for $1.94.

Assuming your parents lot is the same size, yes they can fetch that much.
Your parents won't be able to buy another house unless they plan to downsize. Even if they are downsizing, multi offers for EVERYTHING these days.
__________________
Feedback
superdennis is offline  
Reply With Quote
Old 03-24-2016, 07:31 PM   #5454
hello
 
originalhypa's Avatar
 
Join Date: Apr 2001
Location: online
Posts: 18,336
Thanked 2,327 Times in 786 Posts
Good luck to your parents jerche.
I'm thinking that we're hitting peak retard for buyers, and if you can sell at the peak, you're laughing.

It has to stop at some time. Doesn't it?
__________________
woot!
originalhypa is offline  
Reply With Quote
Old 03-24-2016, 08:36 PM   #5455
Head of HR....have a seat on that couch
 
fliptuner's Avatar
 
Join Date: Jan 2003
Location: Coquitlam
Posts: 19,693
Thanked 12,354 Times in 3,339 Posts
Quote:
Originally Posted by originalhypa View Post
I'm thinking that we're hitting peak retard for buyers, and if you can sell at the peak, you're laughing.

It has to stop at some time. Doesn't it?
I think a few clips from Happy Gilmore can sum this up.

The real estate market be like:



When you think you're making a huge offer that's going to get accepted:

Spoiler!


Meanwhile, regular, working folks, trying to get into the market or into a larger place/closer to town are like:

Spoiler!
__________________
feedback

Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad


RSUV #7

Last edited by fliptuner; 03-25-2016 at 08:28 AM.
fliptuner is offline  
Reply With Quote
This post thanked by:
Old 03-26-2016, 01:29 PM   #5456
hello
 
originalhypa's Avatar
 
Join Date: Apr 2001
Location: online
Posts: 18,336
Thanked 2,327 Times in 786 Posts
That was how I felt yesterday when a friend was telling me that his neighbour sold his house near 212 and 83 ave in Langley, for over million. These are places built about five years ago, and sport 3500 sq-ft houses on 10k sq-ft properties. Sold in the $650's a few years ago. Jumped from $800k to a million in the span of a year.

Now I'm starting to have regrets. I was looking at a few places there back in the $650 range as rental income. Imagine a pair of those houses, making enough rent to pay their own mortgages, jumping almost $400k in five years.

Damn.
__________________
woot!
originalhypa is offline  
Reply With Quote
This post thanked by:
Old 03-26-2016, 01:54 PM   #5457
Sunday drives on 3 wheels
 
SumAznGuy's Avatar
 
Join Date: Mar 2002
Location: Hongcouver
Posts: 7,295
Thanked 1,792 Times in 946 Posts
There is still some "cheap" houses and land that isn't too far away from downtown Vancouver.
The north side Surrey heights on the north side of King George just as you get off the bridge from New West.
Most are older homes and around $500K for decent sized land. Last year's assessments have the land around $300Kish for standard lots.
Houses to the south of King George are $600-800K.

Give it 3 months and let's see how much this area has gone up/down to.
__________________
Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off.
Originally posted by The7even SumAznGuy > Billboa
Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
(11-0-0) Buy/Sell rating
Christine
Shitvic
SumAznGuy is online now  
Reply With Quote
Old 03-26-2016, 04:10 PM   #5458
I only answer to my username, my real name is Irrelevant!
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Location: Off-Topic
Posts: 26,810
Thanked 6,594 Times in 2,290 Posts
Quote:
Originally Posted by originalhypa View Post
That was how I felt yesterday when a friend was telling me that his neighbour sold his house near 212 and 83 ave in Langley, for over million. These are places built about five years ago, and sport 3500 sq-ft houses on 10k sq-ft properties. Sold in the $650's a few years ago. Jumped from $800k to a million in the span of a year.

Now I'm starting to have regrets. I was looking at a few places there back in the $650 range as rental income. Imagine a pair of those houses, making enough rent to pay their own mortgages, jumping almost $400k in five years.

Damn.
friend bought at like 222nd and about 46th, just behind country lumber etc. last year. Older house, built in the early 90's but good, solid, house on a decent size lot, had a nice ground level basement suite

bought it last year around January for 660ish, put about 60k in reno's into it, painted everything, etc.

The house across the street, which is a smaller house, smaller lot, needs reno's just got listed yesterday for $992,000

__________________
Canucks - ftw!
Hondaracer is online now  
Reply With Quote
Old 03-26-2016, 09:57 PM   #5459
nah
My homepage has been set to RS
 
nah's Avatar
 
Join Date: May 2001
Location: New Westminster
Posts: 2,182
Thanked 272 Times in 121 Posts
The market is so stupid now that realtors are door knocking seeing if people want to sell. First time experiencing that today, they pretty much don't have to do any work. House goes up and everyone gets into a frenzy.
nah is offline  
Reply With Quote
Old 03-27-2016, 10:07 AM   #5460
Los Bastardo owned my ass at least once
 
hud 91gt's Avatar
 
Join Date: Feb 2002
Location: Vancouver
Posts: 6,204
Thanked 1,639 Times in 645 Posts
I read this guys book a couple months back. Not a bad read. What do you think of the interview?

__________________
Crush - 1971 Datsun 240z
The Daily - A Boring Honda
hud 91gt is online now  
Reply With Quote
Old 03-27-2016, 10:53 AM   #5461
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,645
Thanked 343 Times in 163 Posts
^ blah blah blah. Nothing insightful.

I will just leave John Maynard Keynes's quote here: "Markets can remain irrational a lot longer than you and I can remain solvent."

To apply this to Vancouver's real estate, this roughly translates to how long a renter can hold out of buying and face the consequence of stuck paying rent for the rest of his or her life.
Carl Johnson is online now  
Reply With Quote
This post thanked by:
Old 03-27-2016, 11:54 AM   #5462
UFO
I *heart* Revscene.net very Muchie
 
UFO's Avatar
 
Join Date: Apr 2001
Location: Van, BC
Posts: 3,591
Thanked 680 Times in 409 Posts
Quote:
Originally Posted by originalhypa View Post
Now I'm starting to have regrets. I was looking at a few places there back in the $650 range as rental income. Imagine a pair of those houses, making enough rent to pay their own mortgages, jumping almost $400k in five years.

Damn.
Risk management right? Win some, lose some. What if those properties had dropped 25% in that same time. Instead of making 800k you saved 300k. Pretty sure that didn't help.

RE here is really a matter of the rich getting richer, and the middle class continuing to get squeezed thin/out. I guess at some point we need to adjust our lifestyle expectations based on the current reality
UFO is offline  
Reply With Quote
This post thanked by:
Old 03-28-2016, 11:18 AM   #5463
Revscene.net has a homepage?!
 
Join Date: Mar 2004
Location: East Van
Posts: 1,257
Thanked 410 Times in 204 Posts
What do you guys think about the Kingsway/Edmonds area?
I rarely go out there, but was on my way out to New West yesterday and it seems to be really transitioning. Cressey is in pre-construction to build the Kings Crossing development. Brand new community centre and library recently finished. Might be the last part of Burnaby where you can get something "affordable".
Liquid_o2 is offline  
Reply With Quote
Old 03-28-2016, 11:33 AM   #5464
My dinner reheated before my turbo spooled
 
dat_steve's Avatar
 
Join Date: Jun 2006
Location: Vancouver
Posts: 1,797
Thanked 790 Times in 336 Posts
I think Tapioca dished some details on Edmonds one or two pages back
dat_steve is offline  
Reply With Quote
This post thanked by:
Old 03-28-2016, 12:01 PM   #5465
Lomac owned my ass at least once
 
winson604's Avatar
 
Join Date: Apr 2004
Location: Vansterdam
Posts: 6,491
Thanked 890 Times in 445 Posts
Quote:
Originally Posted by Liquid_o2 View Post
What do you guys think about the Kingsway/Edmonds area?
I rarely go out there, but was on my way out to New West yesterday and it seems to be really transitioning. Cressey is in pre-construction to build the Kings Crossing development. Brand new community centre and library recently finished. Might be the last part of Burnaby where you can get something "affordable".
In my search the past 15 months Edmonds kept coming up with listings that matched what my wife and I wanted in terms of price and sq footage but we couldn't get passed the area. To me, that area has had some huge transition for a while, high rises left and right, some fancy new shit but peel back the cover and it still really looked and felt ghetto to me. I mean there's a reason why it's still "affordable" right. Depends on your future outlook and or if you even care about what I deem ghetto.

I mean some would argue Strathcona in Van is super ghetto but some would argue it's got character and is close to DT. To each their own right.
__________________
"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!

GREG ADAMS!! GREG ADAMS!!"
winson604 is offline  
Reply With Quote
This post thanked by:
Old 03-28-2016, 07:54 PM   #5466
I *heart* Revscene.net very Muchie
 
MR_BIGGS's Avatar
 
Join Date: May 2004
Location: Edmonton
Posts: 3,530
Thanked 665 Times in 273 Posts
I go to South Surrey quite a lot and it's crazy seeing what's happening in that area. Fiancée's parents live in Morgan Heights and the amount of townhouses going up there is nuts. So much rapid development in that area. Open houses everywhere.

We want to be close by to her parents and originally were looking for older houses with basement suites, but prices have skyrocketed. Cloverdale isn't too far, but not an area high on our list. Hard to find houses within 15 mins of Morgan Heights for under $800k.

The townhouses are pretty nice, but not my preference for ownership. That said, may be the viable option to live in that area.
__________________
"A chicken crossing the street is poultry in motion"
MR_BIGGS is offline  
Reply With Quote
Old 03-28-2016, 10:54 PM   #5467
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,647
Thanked 1,936 Times in 764 Posts
Quote:
Originally Posted by MR_BIGGS View Post
I go to South Surrey quite a lot and it's crazy seeing what's happening in that area. Fiancée's parents live in Morgan Heights and the amount of townhouses going up there is nuts. So much rapid development in that area. Open houses everywhere.

We want to be close by to her parents and originally were looking for older houses with basement suites, but prices have skyrocketed. Cloverdale isn't too far, but not an area high on our list. Hard to find houses within 15 mins of Morgan Heights for under $800k.

The townhouses are pretty nice, but not my preference for ownership. That said, may be the viable option to live in that area.
that area around morgan crossing is horrible, nothing but generic, ugly townhouses going up.

when you live in that part of surrey, you're not meant to live in such close proximity to your neighbours, that's the whole point of places like surrey, cloverdale - a bit more open space.

some beautiful neighbourhoods from the late 90's or so around there, couldn't imagine living in those townhouses, though
4444 is offline  
Reply With Quote
This post thanked by:
Old 03-28-2016, 11:48 PM   #5468
Rs has made me the woman i am today!
 
Join Date: Apr 2001
Location: Vancouver
Posts: 4,096
Thanked 1,576 Times in 719 Posts
The area around Croydon Dr reminds me of what's happening in Burke Mountain: large acreages are being bought out and rezoned for multi-family units. However, it seems half-baked right now with multiple developers with plots of land.

Townhouses in that area are going for 500K. You're better off trying to squeeze into something in a more mature community with better transit connections.
Tapioca is offline  
Reply With Quote
Old 03-28-2016, 11:55 PM   #5469
Revscene.net has a homepage?!
 
Mr.C's Avatar
 
Join Date: Aug 2010
Location: Richmond
Posts: 1,266
Thanked 1,564 Times in 391 Posts
Houses appreciating 40% in four years. Clearly the sign of a healthy market, and an excellent buy-in point.

/s
__________________
Have an E38? Check out E38Registry.org!

http://www.e38registry.org/
Mr.C is offline  
Reply With Quote
This post thanked by:
Old 03-29-2016, 07:13 AM   #5470
My homepage has been set to RS
 
sdubfid's Avatar
 
Join Date: Aug 2002
Location: AB/BC
Posts: 2,020
Thanked 980 Times in 302 Posts
Quote:
Originally Posted by Tapioca View Post
The area around Croydon Dr reminds me of what's happening in Burke Mountain: large acreages are being bought out and rezoned for multi-family units. However, it seems half-baked right now with multiple developers with plots of land.

Townhouses in that area are going for 500K. You're better off trying to squeeze into something in a more mature community with better transit connections.
1 acre there was 160k in 1987, 400k in 2002, 1.1 million in 2012 and 2016 a half acre just sold for 1.9million.

So in approximate terms prices have:
doubled in 15 years
Then tripled in 10 years
And nearly quadrupled in 5 years

At this rate In 2019 half acre in coquitlam will be 10 million
sdubfid is offline  
Reply With Quote
This post thanked by:
Old 03-29-2016, 09:25 AM   #5471
Rs has made me the woman i am today!
 
Join Date: Apr 2001
Location: Vancouver
Posts: 4,096
Thanked 1,576 Times in 719 Posts
Quote:
Originally Posted by sdubfid View Post
1 acre there was 160k in 1987, 400k in 2002, 1.1 million in 2012 and 2016 a half acre just sold for 1.9million.

So in approximate terms prices have:
doubled in 15 years
Then tripled in 10 years
And nearly quadrupled in 5 years

At this rate In 2019 half acre in coquitlam will be 10 million
Have you seen the official community plan for Burke Mountain?

Multi-family development is going to be the predominant housing form going forward in that neighbourhood. Not saying that land values will continue to go up, but they won't go down given the density the City of Coquitlam has approved for that area.

Speaking of multi-family units, I just saw this pop up on my Facebook news feed:

http://www.rew.ca/properties/R204908...-court-burnaby

Listed at 699K and apparently sold for 825K. The craziness continues...

Last edited by Tapioca; 03-29-2016 at 09:40 AM.
Tapioca is offline  
Reply With Quote
Old 03-29-2016, 10:03 AM   #5472
Sunday drives on 3 wheels
 
SumAznGuy's Avatar
 
Join Date: Mar 2002
Location: Hongcouver
Posts: 7,295
Thanked 1,792 Times in 946 Posts
Quote:
Originally Posted by Tapioca View Post
50-9088 Halston Court, Burnaby, BC, Townhouse For Sale | REW.ca

Listed at 699K and apparently sold for 825K. The craziness continues...
Wow, assessed at only $573K and $523K the year before.
Seller bought it in April 2014 for $530K
__________________
Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off.
Originally posted by The7even SumAznGuy > Billboa
Originally posted by 1990TSI SumAznGuy> Internet > tinytrix
(11-0-0) Buy/Sell rating
Christine
Shitvic
SumAznGuy is online now  
Reply With Quote
Old 03-29-2016, 10:15 AM   #5473
I *heart* Revscene.net very Muchie
 
Hakkaboy's Avatar
 
Join Date: Apr 2001
Location: Burn-A-Bee
Posts: 3,508
Thanked 100 Times in 34 Posts
Quote:
Originally Posted by Tapioca View Post
Have you seen the official community plan for Burke Mountain?

Multi-family development is going to be the predominant housing form going forward in that neighbourhood. Not saying that land values will continue to go up, but they won't go down given the density the City of Coquitlam has approved for that area.

Speaking of multi-family units, I just saw this pop up on my Facebook news feed:

50-9088 Halston Court, Burnaby, BC, Townhouse For Sale | REW.ca

Listed at 699K and apparently sold for 825K. The craziness continues...

825K for a tandem garage townhouse in burnaby...by lougheed?

WTF
__________________
Never argue with a dumbass, they drag you down to their level and try to beat you with experience

My Feedback

Blah™
Hakkaboy is offline  
Reply With Quote
Old 03-29-2016, 10:40 AM   #5474
hello
 
originalhypa's Avatar
 
Join Date: Apr 2001
Location: online
Posts: 18,336
Thanked 2,327 Times in 786 Posts
Quote:
Originally Posted by Hakkaboy View Post
WTF
WTF, indeed.
__________________
woot!
originalhypa is offline  
Reply With Quote
Old 03-29-2016, 10:48 AM   #5475
Lomac owned my ass at least once
 
winson604's Avatar
 
Join Date: Apr 2004
Location: Vansterdam
Posts: 6,491
Thanked 890 Times in 445 Posts
Quote:
Originally Posted by Tapioca View Post
Have you seen the official community plan for Burke Mountain?

Multi-family development is going to be the predominant housing form going forward in that neighbourhood. Not saying that land values will continue to go up, but they won't go down given the density the City of Coquitlam has approved for that area.

Speaking of multi-family units, I just saw this pop up on my Facebook news feed:

50-9088 Halston Court, Burnaby, BC, Townhouse For Sale | REW.ca

Listed at 699K and apparently sold for 825K. The craziness continues...
Either these people really wanted to be in that area so bad or are fucking stupid or both. You can get that sq footage for a brand new townhome in Burnaby and heck even in a couple in Van. Unbelievable.
__________________
"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!

GREG ADAMS!! GREG ADAMS!!"
winson604 is offline  
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 10:34 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net