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11-01-2023, 07:51 AM
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#28626 | | SFICC-03*
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i heard a lot of bad things about the bzx4? slow charging, bad cold weather range compared to other evs, early recall for wheels that fell off, etc.. i know a guy who had his ac stop working out of nowhere and also had his rear window shatter out of nowhere.
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11-01-2023, 12:40 PM
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#28627 | | OMGWTFBBQ is a common word I say everyday
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Model 3's seem solid atm $29-38K OBO, lots of good deals to be had for a daily.
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11-02-2023, 06:37 AM
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#28628 | | I have named my kids VIC and VLS
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After a decade of the joke that is the little mountain re-development, the city finally caves and allows the developer to go ahead with the redevelopment without -any- social housing which was part of the original purchase https://vancouver.citynews.ca/2023/1...ocial-housing/
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Dank memes cant melt steel beams
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11-02-2023, 08:07 AM
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#28629 | | RabidMod
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Just one year later, the development group displaced nearly 700 people living in social housing on the site by demolishing the homes.
The site has sat empty since.
...
...Little Mountain used to be filled with families and seniors who spent time in their courtyards and called the community home.
The city is making this decision after Holborn claimed it could not get financing for construction with the social housing requirement in place.
| Demolish first, and then look for financing?? That seems like a good idea.
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11-02-2023, 08:39 AM
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#28630 | | Performance Moderator
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Some reporters should be looking into the ties between people involved in the developing company and city hall.
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11-02-2023, 08:51 AM
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#28631 | | I have named my kids VIC and VLS
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This is the type of shit people should he protesting because this is crazy.
If they could secure financing due to the social housing, force them to sell the fucking property. I’m sure one of the other countless builders in town would take it in a heart beat even with the social housing aspect, this is crazy.
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11-02-2023, 09:36 AM
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#28632 | | I *heart* Revscene.net very Muchie
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| https://twitter.com/j_mcelroy/status...JYbXhLkTBxZPeA
Average sale price of a detached house in the GVRD in Oct was $2.23m, 10% HIGHER than a year ago.
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11-02-2023, 12:13 PM
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#28633 | | HELP ME PLS!!!
Join Date: Apr 2014 Location: Van
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Sounds about right, more immigrants = more demand, supply still the same since buddy guys ain't building due to %. Economics 101
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11-02-2023, 01:31 PM
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#28634 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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| Quote:
Originally Posted by Hondaracer After a decade of the joke that is the little mountain re-development, the city finally caves and allows the developer to go ahead with the redevelopment without -any- social housing which was part of the original purchase https://vancouver.citynews.ca/2023/1...ocial-housing/ | 
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11-02-2023, 02:17 PM
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#28635 | | Willing to sell body for a few minutes on RS
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| Quote:
Originally Posted by Hondaracer After a decade of the joke that is the little mountain re-development, the city finally caves and allows the developer to go ahead with the redevelopment without -any- social housing which was part of the original purchase https://vancouver.citynews.ca/2023/1...ocial-housing/ | That is complete horseshit... this sets a precedent for future developers to say they will build xyz but change their mind down the road.
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11-02-2023, 03:04 PM
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#28636 | | OMGWTFBBQ is a common word I say everyday
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Surprised no one here is talking about this: https://www.cbc.ca/news/canada/briti...-b-c-1.7015611
Even though there still needs to be legislation passed, this is a huge change that is going to ramp up interest in detached lots.
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11-02-2023, 03:29 PM
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#28637 | | I *heart* Revscene.net very Muchie
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Originally Posted by Tapioca | They haven't released all the details but the details they have released indicate they've been pretty thoughtful about it especially around how to prevent cities from dragging their feet. The 6 units if near frequent transit service basically makes all of Vancouver, Burnaby, Richmond, New West and much of even Surrey and Coquitlam eligible for 6 units which will be huge. I wouldn't be surprised that you could build 9000sf of housing on a 6000sf lot as a result which would be fantastic for creating more housing.
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11-02-2023, 03:29 PM
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#28638 | | HELP ME PLS!!!
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yea another thing to drive up prices, since demand is gona go up even more. didn't someone do the math a few months back, basically its gona be big developers who can afford this. $2m to buy the land, then another $1.7 to build, no average family can afford to borrow $3.7m at 7.5% interest  | |
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11-02-2023, 03:59 PM
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#28639 | | HELP ME PLS!!!
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11-02-2023, 04:10 PM
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#28640 | | RS has made me the bitter person i am today!
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Originally Posted by Tapioca | I think it's a seemly-good solution more than anything.
If they have really thought it through, it'd not be just a legislation but a whole package of things being announced such as infrastructure upgrade and whatever.
What's good of a legislation to pass saying that you can legally do something when there'd be roadblocks on the way as in not enough capacity in things like waterline and sewerline to handle all the added density?
That being said though, I applaud the NDP gov't to really focus on the cause of the problem instead of throwing things that have nothing to do.
RE's value is driven primarily by one thing and one thing only: supply and demand. Zoning is what's preventing us to massively adding supply to the market. And the price would not adjust unless supply and demand come to a point where price must drop.
Thus, I think this is good as a first step. But we now need to start working on other plans on infrastructure should the legislation become law.
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Nothing for now
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11-02-2023, 04:23 PM
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#28641 | | Rs has made me the man i am today!
Join Date: Oct 2008 Location: Van604
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Originally Posted by Tapioca | wait wait wait wait wait....
so... demolish my house, build 6 units.... live in 3, sell 2, rent 1 out...
selling 2 to become mortgage free
renting 1 pays for upkeep of my house
living in 3... where 1 will be exclusive to my hobby + car parts + model kits... hmmmmmmmmmmm
Hmmmmmmmmmmmmmmmm
1 car dream right?
9300 + lot can grant 6 units right?
lololol... probably wont happen for the next 10 years so...
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11-02-2023, 06:40 PM
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#28642 | | in the butt
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| dark0821 inherits another 500k to finance 6plex development
proceeds to post on forum in 2033 that he is probably bottom 5%
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11-02-2023, 11:04 PM
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#28643 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by donk. dark0821 inherits another 500k to finance 6plex development
proceeds to post on forum in 2033 that he is probably bottom 5% | My mans part of the great 1%, aka SCUMLORD. Pay my mans his RENT
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11-03-2023, 07:30 AM
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#28644 | | HELP ME PLS!!!
Join Date: Apr 2014 Location: Van
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11-03-2023, 08:06 AM
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#28645 | | I contribute to threads in the offtopic forum
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Originally Posted by JDMDreams | 
That was my initial reaction.
There are some nice elements to the house and then there is just some weird shit going on. This is a classic case of it looks good on a rendering... and why the fook would you have a double doorway leading into the formal dining room? What is the purpose of that?
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11-03-2023, 08:17 AM
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#28646 | | I *heart* Revscene.net very Muchie
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Originally Posted by JDMDreams yea another thing to drive up prices, since demand is gona go up even more. didn't someone do the math a few months back, basically its gona be big developers who can afford this. $2m to buy the land, then another $1.7 to build, no average family can afford to borrow $3.7m at 7.5% interest | It'll definitely be a case of rich getting richer but that's inescapable if we're going to build more housing - people who currently own land will get to cash out and those who can borrow the money will make even more money.
Assuming the province legislates a minimum 1.5FSR (compared to 1FSR for Vancouver's 4plex plan) you're probably looking at $2.5-3m to build about 6000sf of house on a standard lot with land costs being around $2m (if you don't have a lot that you already own). Adding in another $500k for financing costs (interest during construction) and this is definitely not something a regular homeowner can afford to do themselves - some builders will probably come up with a financing model to make this happen though.
OTOH, six 1000sf units (or some combination that adds up to 6000sf) in Vancouver are each worth $1.2-1.5m each ($7-9m total) so if you already own the land you're looking at some pretty solid upside for a couple years of inconvenience and you could still end up living on that lot by keeping a unit.
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11-03-2023, 08:19 AM
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#28647 | | OMGWTFBBQ is a common word I say everyday
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Very timely article in the Globe and Mail this morning about a 100K salary not being sufficient for a "middle-class" lifestyle in Canada's major cities: https://www.theglobeandmail.com/inve...affordability/
Here's the accompanying Reddit thread, which is trending with over 600+ comments: https://www.reddit.com/r/canada/comm...fortable_life/
The majority of posters on RS make well over 100K (some likely several hundred K), but 100K doesn't go as far as it used to, particularly for those without real estate in their portfolio.
Also, if you haven't noticed, the salary transparency act is now in effect in BC: https://kpmg.com/ca/en/home/insights...rency-act.html
While some companies will probably not comply, you'll have more credibility going forward to call out your friends on their BS and their incomes based on their job titles.
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11-03-2023, 11:21 AM
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#28648 | | y'all better put some respeck on my name
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Originally Posted by JDMDreams | This a much nicer house...  https://www.google.com/maps/@49.2509...8192?entry=ttu | |
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11-03-2023, 01:20 PM
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#28649 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by Tapioca | Interesting article and I think we all said the same thing, depending on where you are in the housing curve is better representative of your lifestyle rather than if you make $50 - 250K.
I guess in the long-run, is there any thing you can do at a government level to save the late millennials / Gen Z and A
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2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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11-03-2023, 01:40 PM
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#28650 | | RabidMod
Join Date: Aug 2003 Location: Toronto
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Originally Posted by Tapioca Very timely article in the Globe and Mail this morning about a 100K salary not being sufficient for a "middle-class" lifestyle in Canada's major cities: https://www.theglobeandmail.com/inve...affordability/
Here's the accompanying Reddit thread, which is trending with over 600+ comments: https://www.reddit.com/r/canada/comm...fortable_life/
The majority of posters on RS make well over 100K (some likely several hundred K), but 100K doesn't go as far as it used to, particularly for those without real estate in their portfolio.
Also, if you haven't noticed, the salary transparency act is now in effect in BC: https://kpmg.com/ca/en/home/insights...rency-act.html
While some companies will probably not comply, you'll have more credibility going forward to call out your friends on their BS and their incomes based on their job titles. | Back in high school, one of our friends always studied his ass off, said his life goal was to make 6 figures. And we thought that was totally crazy and totally unnecessary: what would you even buy with all that money?? At the time, outside the CAPP class door there was a poster showing MDs even just barely made that.
Yeah. Times have changed. 
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