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05-11-2017, 03:37 PM
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#9751 | | Where's my RS Christmas Lobster?!
Join Date: Jun 2002 Location: vancouver
Posts: 813
Thanked 41 Times in 12 Posts
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Originally Posted by hypediss  imo a forum is the last place you should be asking advice relating to investments, especially of this amount...
everyone here can claim to have knowledge or some theory of the market but no one would be accountable to the outcome of it |
Totally understand. I am just curious of what everyone thinks about investing in those areas. I have limited knowledge so I thought I would have my ears opened up more.
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05-11-2017, 03:52 PM
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#9752 | | 14 dolla balla aint got nothing on me!
Join Date: May 2013 Location: Richmond
Posts: 619
Thanked 676 Times in 228 Posts
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Your 'limited' knowledge is more than 99% of the people on this forum already. Trust your gut, you're already winning as it is. I wouldn't trust what anyone says on this forum
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05-11-2017, 04:51 PM
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#9753 | | Wunder? Wonder?? Wander???
Join Date: Mar 2015 Location: vancouver
Posts: 216
Thanked 99 Times in 52 Posts
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Buy now or be priced out of vancouver forever.  | |
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05-12-2017, 03:57 AM
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#9754 | | Oh goodie, 5 posts already!
Join Date: May 2017 Location: LA
Posts: 8
Thanked 0 Times in 0 Posts
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Well I know a bit about investing (been there, done that) and all I can say is that investing in real estate is always a good idea, you just need to do your homework first or turn to professionals right away. The Canada Mortgage and Housing Corporation has voiced fears some local housing like Vancouver and Toronto have been overvalued and are presenting signs of a bubble that will only recede if prices stabilise (source: https://tranio.com/canada/analytics/...n_canada_5105/) Your option #2 seems to me more attractive, but again you should research the opportunities thoroughly
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05-15-2017, 09:24 PM
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#9755 | | MOD
Join Date: Oct 2002 Location: VANCOUVER
Posts: 26,849
Thanked 7,553 Times in 1,957 Posts
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Has anyone used True North Mortgage?
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05-15-2017, 09:34 PM
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#9756 | | RS has made me the bitter person i am today!
Join Date: Apr 2001
Posts: 4,968
Thanked 2,459 Times in 1,126 Posts
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Originally Posted by Gh0stRider Has anyone used True North Mortgage? | I've used True North in the past.
What True North is good at is finding conventional charge, no frills mortgage products. They will likely set you up with monoline lenders, such as MCap or EQ Bank. If you want to bundle a HELOC with your mortgage, you might want to use another broker.
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05-15-2017, 10:09 PM
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#9757 | | MOD
Join Date: Oct 2002 Location: VANCOUVER
Posts: 26,849
Thanked 7,553 Times in 1,957 Posts
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Originally Posted by Tapioca I've used True North in the past.
What True North is good at is finding conventional charge, no frills mortgage products. They will likely set you up with monoline lenders, such as MCap or EQ Bank. If you want to bundle a HELOC with your mortgage, you might want to use another broker. | Ok thanks. I think a conventional mortgage is good enough. I dont think i'll be needing a HELOC
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05-15-2017, 10:33 PM
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#9758 | | Where's my RS Christmas Lobster?!
Join Date: Nov 2004
Posts: 817
Thanked 120 Times in 62 Posts
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Originally Posted by hypediss imo a forum is the last place you should be asking advice relating to investments, especially of this amount...
everyone here can claim to have knowledge or some theory of the market but no one would be accountable to the outcome of it | I asked a similar type of question on the Finance forum, and a few members directed me some books, quite a few of them recommended by Warren Buffett.
This is off-topic, but where did most of you pick up your investing knowledge (real estate, stocks etc.)? If there are beginner courses/seminar, I would gladly pay to take one, but unfortunately I don't know of any, or any good one for that matter.
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05-16-2017, 12:28 AM
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#9759 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
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Originally Posted by zyzzjr Buy now or be priced out of vancouver forever. | off topic, but I think that's a sweet looking house
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05-16-2017, 12:52 AM
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#9760 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
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Originally Posted by kr4l I wouldn't trust what anyone says on this forum | You require water and air to live.
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05-16-2017, 08:11 AM
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#9761 | | RS has made me the bitter person i am today!
Join Date: Apr 2001
Posts: 4,968
Thanked 2,459 Times in 1,126 Posts
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Originally Posted by trd2343 I asked a similar type of question on the Finance forum, and a few members directed me some books, quite a few of them recommended by Warren Buffett.
This is off-topic, but where did most of you pick up your investing knowledge (real estate, stocks etc.)? If there are beginner courses/seminar, I would gladly pay to take one, but unfortunately I don't know of any, or any good one for that matter. | Real estate: location, location, location.
Stocks: passive or active? Passive portfolios are pretty simple - Canadian Couch Potato and select your equity/bond mix based on your age. Robo-advisors like Wealthsimple make it very easy to invest passively. If you want to take a more active approach, you can start by reading The Intelligent Investor by Benjamin Graham.
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05-16-2017, 08:34 AM
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#9762 | | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2008 Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
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Originally Posted by Gh0stRider Has anyone used True North Mortgage? | I used them when I got my mortgage 6 years ago. They were able to connect me with an ING mortgage that had the lowest rate online that I could find.
However, the actual broker was extremely incompetent. She was just so disorganized and her manager actually apologized how long it took. Anyways, it all worked out.
When I renewed, I switched to a different local broker. Much easier to deal with.
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05-16-2017, 01:12 PM
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#9763 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,127
Thanked 829 Times in 407 Posts
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What do you guys think about dealing with a mortgage broker who is located in Ontario, but they are credited in BC, Alberta, etc.? Everything is done over the phone and online.
Positives and negatives from this approach? Or is it important of having a mortgage broker locally?
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05-16-2017, 01:17 PM
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#9764 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 36,420
Thanked 14,321 Times in 5,639 Posts
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Well what would be the benefit in dealing with them?
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Dank memes cant melt steel beams
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05-16-2017, 01:34 PM
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#9765 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,127
Thanked 829 Times in 407 Posts
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Originally Posted by Hondaracer Well what would be the benefit in dealing with them? | Friend recommended them. After a few discussions, they seem very knowledgeable and on-the-ball compared to a few local brokers I have spoken with. But I have some people telling me that a local broker is a must-have, which I'm not sure I completely believe.
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05-16-2017, 03:35 PM
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#9766 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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I use a local broker. Actually is the same person my parents used for their house over 20 years ago. He seem pretty experience.
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05-17-2017, 02:14 PM
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#9767 | | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2008 Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
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It doesn't really matter if it's a local broker; everything is handled over e-mail and over the phone anyways.
I usually review sites such as rate supermarket and ratehub and see how the rates the broker provides compare; in my renewal last year, my local broker was able to give me a superior rate and conditions.
Oh, and he gave me a $20 Starbucks giftcard...I wish he just gave me an extra $20 cash. lol.
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05-17-2017, 02:26 PM
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#9768 | | God of Unce
Join Date: May 2008 Location: ASOT
Posts: 7,828
Thanked 167 Times in 43 Posts
| https://www.parkboulevardliving.com/
Pretty cool building, gonna check out the presales.
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UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! | |
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05-17-2017, 05:47 PM
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#9769 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,697
Thanked 2,422 Times in 918 Posts
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How much do you think the presales prices are?
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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05-17-2017, 06:07 PM
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#9770 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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At least $700 per sq ft.
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05-17-2017, 06:12 PM
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#9771 | | Willing to sell body for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,079
Thanked 31,149 Times in 7,150 Posts
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Sweet titty fucking christ. In surrey?
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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05-17-2017, 06:29 PM
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#9772 | | I subscribe to Revscene
Join Date: Jan 2010 Location: E. Vancouver
Posts: 1,937
Thanked 307 Times in 139 Posts
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Originally Posted by trd2343 I asked a similar type of question on the Finance forum, and a few members directed me some books, quite a few of them recommended by Warren Buffett.
This is off-topic, but where did most of you pick up your investing knowledge (real estate, stocks etc.)? If there are beginner courses/seminar, I would gladly pay to take one, but unfortunately I don't know of any, or any good one for that matter. | i second that. where do you guys pick up your knowledge
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05-17-2017, 08:21 PM
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#9773 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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Originally Posted by westopher Sweet titty fucking christ. In surrey? | One bedroom apartment around Metrotown is around $900sq ft, 2 bedroom is around that price as well. So $700 per sq ft in Surrey seems reasonable
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05-17-2017, 08:39 PM
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#9774 | | Willing to sell body for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,079
Thanked 31,149 Times in 7,150 Posts
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Ugh. Seriously, where is this money coming from, because vancouver's median household income is like 30k.
(yes I know the obvious answers, china, mom and dad, baby boomers, credit, etc, but doesn't it end at some point?)
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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05-17-2017, 08:48 PM
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#9775 | | RS has made me the bitter person i am today!
Join Date: Apr 2001
Posts: 4,968
Thanked 2,459 Times in 1,126 Posts
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Originally Posted by Armind | Gimmicky and it will only cause the strata council headaches in the long-term. When it comes to strata properties, the fewer amenities and gimmicks, the better. Quote:
Originally Posted by westopher Ugh. Seriously, where is this money coming from, because vancouver's median household income is like 30k.
(yes I know the obvious answers, china, mom and dad, baby boomers, credit, etc, but doesn't it end at some point?) | It ends when people start leaving Metro Vancouver in droves. It also ends when there's a fundamental shift in the ideal of home ownership.
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