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Vancouver Off-Topic / Current EventsThe 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.
Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011
Location: North vancouver
Posts: 12,604
Thanked 32,297 Times in 7,515 Posts
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Quote:
Originally Posted by Jason00S2000
Find some of these "decent" places for 900-1200 please
I pay 1400 for a renovated ground floor apt 1 bedroom, that has 1 250+ sq ft patio with unobstructed views of the mountains and ocean. Thats far above decent IMO. Before that I paid 575 as well as having a roommate paying the same, for a 1100 sq ft, 2 bedroom 3 level townhouse right beside vgh, with a jamspace in the basement. Gas stove, decent kitchen, not new by any means, but far from shitty. It depends on your definition of a nice place, but while my apt. here is half the size, and 30 years older than my condo in edmonton, and rent is about the same, I'd say it qualifies as a lot better than decent. I've seen bachelors in the west end a stones throw from the beach for 900, and they aren't bad.
Heres an example, I mean, its not a baller pad by any stretch, but all I do at home is sleep, fuck, shower, and browse RS. Otherwise, I'm out for lunch/dinner, walking the dog, playing hockey, working, snowboarding, etc. Maybe am less interested in where I sleep than some. http://vancouver.en.craigslist.ca/va...337494112.html
Real estate slowing down, but industry is trying to manipulate words and data to make it appear that things aren't as bad as it is.
Sales plummet in major markets and the industry comes up with a new explanation for the decline, draping its comments with a sense that everything is just fine. The excuses are piling up.
Spoiler!
Organized real estate is unable, it seems, to admit the glory days may be behind it.
Sales plummet in major markets and the industry comes up with a new explanation for the decline, draping its comments with a sense that everything is just fine. The excuses are piling up.
This month’s gem comes from the Toronto Real Estate Board: It complained September didn’t have enough working days — too many weekends.
I always thought people bought homes on weekends, but it seems the transactions are registered during the week.
“The number of transactions was down 21% in comparison to September 2011,” said TREB in a release. “However, it is important to note that there were two fewer working days in September 2012.”
Related
New mortgage rules puts brakes on housing market
Vancouver showing ‘clear reduction in buyer demand’, real estate board says
More stories on Canada's housing market
This logic has produced a new measure from TREB: Sales were down only 12.5% — not the actual 21% — from a year ago on a “working-day basis.”
This will only make the conspiratorially minded angrier — most of them convinced that the so-called benchmark indices produced by organized real estate are covering up a major decline.
Vancouver’s real estate board likes to tout what it calls the MLS HPI (home price index) composite benchmark price for all residential properties. It was down 0.8% to $606,100 in September from a year ago and off 2.3% over the past three months.
Doesn’t sound too bad. But when you pull out actual sales data, you find year-over-year prices in August in Canada’s most expensive housing market were off 6.9%. For the first two-thirds of the year, prices fell 7.3%. The decline is happening; it’s the severity that seems to be under dispute.
Ignore what they are saying. Sales are plummeting in Toronto and Vancouver
The industry will tell you the benchmark is a more realistic measure because it is not skewed by, say, a sudden swing in sales in one segment of the market.
“The HPI takes into consideration what averages and medians do not — items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area,” says Vancouver’s board on its website.
David Madani, an economist at Capital Economics, chuckles at some of the language used in real estate circles.
“It’s a bit lame,” says the notorious bear on the housing market. “The answer is to ignore what they are saying. Sales are plummeting in Toronto and Vancouver. I say get used to this because this is going to go on for a couple of years. Our view is a 25% price decline.”
The normal course in any cycle is for sales to correct first and then for prices to follow, he adds. “There is a time lag, that’s what happened in the United States. There’s a time lag as sellers hold on, refusing to drop their asking price, eventually they acknowledge the market has shifted under them.”
Real estate’s other complaint these days is that Ottawa’s mortgage rules, introduced July 9, savaged the market. One of the main changes was the dropping of amortization lengths from 30 years to 25 years, which has the impact of handing the consumer a larger monthly payment.
All of [the rule changes] have layered on top of each other. It’s a cash flow crunch. I think the reality is real estate is slowing down
Andrew Barr/National Post
Vince Gaetano, a principal at monstermortgage.ca says a tightening of lending requirements which affected the self-employed might be the bigger factor. But still, he wonders whether the housing market just needs a break.
“I think the market is tired,” says Mr. Gaetano, adding the impact of amortization changes is probably cumulative. The maximum amortization length for a government-backed insured mortgage has declined from 40 years in 2008.
“Every five-year drop represented a 1% interest rate hike in cash flow,” says Mr. Gaetano. “All of [the rule changes] have layered on top of each other. It’s a cash flow crunch. I think the reality is real estate is slowing down.”
Even Phil Soper, chief executive of Royal LePage Real Estate Services Inc., is feeling the heat to promote real estate after his company’s release yesterday suggested a decline is to be expected after a long expansion. “I got a hate email from someone in the industry saying ‘how could you talk about negative things in the housing industry.’ Well it’s a cyclical industry,” says Mr. Soper.
It’s not like his release didn’t have any positive spin: “The dream of home ownership is very much alive among young Canadians,” the CEO said in his release.
Maybe that’s not good enough. Perhaps no U.S. style housing nightmare is coming but the dream of home ownership is fading for some Canadians.
I pay 1400 for a renovated ground floor apt 1 bedroom...but all I do at home is sleep, fuck, shower, and browse RS. Otherwise, I'm out for lunch/dinner, walking the dog, playing hockey, working, snowboarding, etc. Maybe am less interested in where I sleep than some. Large, 1 bedroom apartment. Near VGH.
Where is it? I'm in the heart of Gastown at Cordova at Carrell, $2050 a month, but I have 20 foot ceilings and 1000sqft with mountain and ocean views, and the ability to make as much noise as I want at 3 AM with the bass cranked and 20+ people over, along with it being my work/live studio for filming/art/whatever. I also have wooden support beams at 15 feet high up, and I put plywood down and put my bed up there with a ladder to reach it. Girls love it because it's like an indoor tree fort. You would not believe how many girls have seduced me by claiming to want to check out my bedroom, climbing up there, getting under my blankets, and then getting naked before I climb up to see what they're doing
I completely agree that if your place of residence is for sleep/eating and not an integral part of socializing and business, then yes, by all means, rent somewhere cheap or have roommates. I think for any artist or creative person, you need a space where you can be inspired and collaborate with other like-minded folk. When I lived in Langley I met no one interesting or artistic, and it was impossible to not have a car. Living in Gastown I can have no car and it not only doesn't hinder, it actually forces you to mingle and find other means of transport. I can't wait until next spring to get a bike, I'm sure I'll meet a ton of people alone just biking!
That's the beauty of downtown living
I can't stand having roommates though, nothing quite like being able to walk around nude, and not worry about doing someone else's dishes when you have company coming over and you want your place spotless.
The place I live in is valued at somewhere around 700k last I checked. I can't imagine how much of a down payment I'd need to buy this place. Even with 100k down, I wonder what my monthly payment would be? The strata fees alone here are something insane like $400 a month, too
The place I live in is valued at somewhere around 700k last I checked. I can't imagine how much of a down payment I'd need to buy this place. Even with 100k down, I wonder what my monthly payment would be? The strata fees alone here are something insane like $400 a month, too
If you had $100K down and this place is $700K, you'll be looking at a $600K mortgage and at 2.99% interest, you are looking at $1308 every 2 weeks if you are going with a bi-monthly payment schedule for the mortgage. But since you would have less than 25% down, there will be other charges and fees and taxes plus the strata fees and property taxes.
__________________ 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
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
If you had $100K down and this place is $700K, you'll be looking at a $600K mortgage and at 2.99% interest, you are looking at $1308 every 2 weeks if you are going with a bi-monthly payment schedule for the mortgage. But since you would have less than 25% down, there will be other charges and fees and taxes plus the strata fees and property taxes.
Wait, so some months I would have to pay 1308x3 + $400 strata fee + monthly savings for the yearly property tax?
Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011
Location: North vancouver
Posts: 12,604
Thanked 32,297 Times in 7,515 Posts
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I live right on cornwall, across from kits pool. We have to be moderately quiet though, but its me and the girlfriend and a puppy, so its certainly a different lifestyle. I'd love to be able to have a place where I could throw masher parties, and have it be a social outlet like that, but once I got serious with the lady, that being a necessity ended. Although the place I was before certainly allowed for that. Jamming until 3am shitfaced was pretty fucking sweet.
Wait, so some months I would have to pay 1308x3 + $400 strata fee + monthly savings for the yearly property tax?
Fucking rape!
Yes. Some months, with the way things work out, you would have 3 payments, but then this is based on if you get a bi-monthly mortgage.
If you went with a once a month mortgage, you would be looking at $2836.
__________________ 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
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
How would he know? He's never had to work for a dime
even though i don't need to KNOW i see how my parents or other wealthy people i know did it
i could spend like you and still never have to work but if you wanna atleast wanna stop working RETIRE one day its really not the way to do it
Did you not watch the video i posted for you? What im hearing from you is your CASHFLOW is exactly of a poor person
your money comes in from whatever job you do then get expensed everything like RENT at the end of the month. that's why you don't have a dime in savings
Last edited by diesel_test; 10-14-2012 at 10:47 PM.
even though i don't need to KNOW i see how my parents or other wealthy people i know did it
i could spend like you and still never have to work but if you wanna atleast wanna stop working RETIRE one day its really not the way to do it
Did you not watch the video i posted for you? What im hearing from you is your CASHFLOW is exactly of a poor person
your money comes in from whatever job you do then get expensed everything like RENT at the end of the month. that's why you don't have a dime in savings
You couldn't spend like me because you don't have the same desires as me.
You have no ambition because you've been given everything.
Try as hard as you can, you could never be me. If I lost my ambition, I could save money and eventually be like you. Another thing is there are multiple paths to wealth. Indeed, many people who eventually found great wealth were poor on paper until their ambition and ideas lead to a large amount of income coming to them once one of their ideas stuck. I could list off a bunch of major companies who were founded by people with less than $1000 in savings which eventually had gross revenues in the tens or hundreds of millions.
Besides, regardless if you have 10 mil in the bank, I had an incredible weekend and I have a ton to look forward to this month. Does my bank account really affect my life if it has 1 zero or 7 zeros behind the first digit? Nope, it's still fun as hell
You couldn't spend like me because you don't have the same desires as me.
You have no ambition because you've been given everything.
Try as hard as you can, you could never be me. If I lost my ambition, I could save money and eventually be like you. Another thing is there are multiple paths to wealth. Indeed, many people who eventually found great wealth were poor on paper until their ambition and ideas lead to a large amount of income coming to them once one of their ideas stuck. I could list off a bunch of major companies who were founded by people with less than $1000 in savings which eventually had gross revenues in the tens or hundreds of millions.
Besides, regardless if you have 10 mil in the bank, I had an incredible weekend and I have a ton to look forward to this month. Does my bank account really affect my life if it has 1 zero or 7 zeros behind the first digit? Nope, it's still fun as hell
bank account numbers doesn't really affect me either that's why i don't wanna WORK for it anymore now why are you still working for it?
bank account numbers doesn't really affect me either that's why i don't wanna WORK for it anymore now why are you still working for it?
I enjoy writing, it gives me purpose, and being an artist gets me primo ladies. If I get a little fame for my book(s) and film work, I will be knee-deep in the finest 'tang this side of the playboy mansion.
Really, what status do you have, or what interesting things do you have to talk about when you meet people? I'm sure even if you had 100 million in your account, if you and I were at a table with a group of strangers, I'd have all the attention regardless of how much cash you had on you. People really aren't impressed by money, but rather, what life you build for yourself with what resources you have.
For all intents and purposes, you come across as a bland, generic asian with no style or personality.
Imagine if I bought this place. 200k, near Skytrain, view.
On paper, having property and a mortgage would look good.
In practice, living there would suffocate my personal growth.
What would inspire me in that neighborhood?
What beneficial social circles would I meet living there?
What are the types of people I would meet here as opposed to living in Gastown?
What style would I develop from the sights and sounds around me?
When I made twice or three times as much as I made monthly now, I was bored. I lived in the suburbs and my growth was extremely limited. Very little art, people were static, and the style was so bland.
You and I have vastly different ideas of what "wealth" actually is.
Wealth is determined by the life a person has lived and leaves behind that has a everlasting footprint,not how much money you have in the bank when you die.
Wealth is determined by the life a person has lived and leaves behind that has a everlasting footprint,not how much money you have in the bank when you die.
Te each their own.
If it wasn't for people like Jason, then who would people like Diesel rent out their downtown property too. At the same time, without people like Jason, where would people like Diesel get to live their lives vicariously from.
__________________ 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
Quote:
Originally Posted by tofu1413
and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all.
Imagine if I bought this place. 200k, near Skytrain, view.
On paper, having property and a mortgage would look good.
In practice, living there would suffocate my personal growth.
What would inspire me in that neighborhood?
What beneficial social circles would I meet living there?
What are the types of people I would meet here as opposed to living in Gastown?
What style would I develop from the sights and sounds around me?
When I made twice or three times as much as I made monthly now, I was bored. I lived in the suburbs and my growth was extremely limited. Very little art, people were static, and the style was so bland.
You and I have vastly different ideas of what "wealth" actually is.
i think you get it confused between women and what wealth really is. i mean why not have both not think either/or
With $$$, there is women. Without $$$ there is women too so its not difficult
having some laying around is just a BONUS
Last edited by diesel_test; 10-15-2012 at 08:32 AM.
Imagine if I bought this place. 200k, near Skytrain, view.
On paper, having property and a mortgage would look good.
In practice, living there would suffocate my personal growth.
What would inspire me in that neighborhood?
What beneficial social circles would I meet living there?
What are the types of people I would meet here as opposed to living in Gastown?
What style would I develop from the sights and sounds around me?
When I made twice or three times as much as I made monthly now, I was bored. I lived in the suburbs and my growth was extremely limited. Very little art, people were static, and the style was so bland.
You and I have vastly different ideas of what "wealth" actually is.
You know, I have this debate. I have a different living arrangement than most. I get paid, for this building to live here, and pay a discounted rent. So I live in a 2 bed, 2 bath penthouse in an apartment that I have mostly renovated to our style. I have the entire building as my playground.
Obviously, I don't want to be here forever. And we have an arrangement that we can continue managing the building even if we move. Yeah, we're that good
Occasionally I think, maybe we should buy something...at least have it that its ours. Well, my monthly cost goes way up and I get an obviously newer 2 bed, maybe 2 bath condo where I need to answer to a stupid strata council and become one more in a filing cabinet of people. I don't live on the top floor anymore, and its a cookie cutter condo.
Or I need to chunk down over half a mill for a fixer upper house in New West which would be the only real advantage to moving...which would mean we need to work way harder to maintain our lifestyle, as so much more would be going to housing.
It really makes that rent check for my premium apartment but pays out like a 1 bedroom easy to write...
I suspect what will happen is: buy the condo, but don't live in it.
With $$$, there is women. Without $$$ there is women too so its not difficult
Not true,I know some guys that live paycheque to paychecque,yet these guys get more snatch than anyone I know of,even moreso than the rich fuckers I know.It's their personality,the way they dress/look,their attitude on life and their lifestyle that attracts the women and makes them flock to them.Sure you can be filthy rich,but the kind of women that are attracted to money are the ones you don't really want anyways,unless it's for one thing.
Also being a alpha male helps out alot,does not matter how much money you have,if you're a insecure small average looking guy,you won't get that hot cutey you've had your eye on and you definatelty won't be attracting any either.....unless they are golddiggers.
Not true,I know some guys that live paycheque to paychecque,yet these guys get more snatch than anyone I know of,even moreso than the rich fuckers I know.It's their personality,the way they dress/look,their attitude on life and their lifestyle that attracts the women and makes them flock to them.Sure you can be filthy rich,but the kind of women that are attracted to money are the ones you don't really want anyways,unless it's for one thing.
Also being a alpha male helps out alot,does not matter how much money you have,if you're a insecure small average looking guy,you won't get that hot cutey you've had your eye on and you definatelty won't be attracting any either.....unless they are golddiggers.
that's why you take out 50 bucks and hide 5 mill. Catch the drift? you could try pretending to be poor if you want to
Last edited by diesel_test; 10-15-2012 at 09:22 AM.
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but if you wanna atleast wanna stop working RETIRE one day its really not the way to do it
