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02-18-2023, 11:35 PM
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#25001 | | I *heart* Revscene.net very Muchie
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Originally Posted by donk.  Rumor has it, by online articles, is that 50% of homeowners in BC are mortgage free.
If that's true, that means 25% probably bought 10ish years ago, and have 50% equity
How much of the remaining 25% with mortgages, are entering deep shit phase? Maybe 1/5th assuming most have fixed 5 year terms that are starting to cycle? + The recent buys on variable rates. Or people with spending problems.
That leaves Vancouver with about 5% of people in the oh shit category, but will only become an issue if unemployment creeps up, or rates stay this high for a bit and people burn through their savings? | https://mlacanada.com/newsfeed/vanco...-mortgage-free https://www.nsnews.com/local-news/we...-in-bc-6576008 https://www.westerninvestor.com/brit...20and%20Surrey | 
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02-19-2023, 08:47 AM
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#25002 | | Rs has made me the man i am today!
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What builder/designer wakes up in the morning and says, "Pink, I'm thinking pink. All over the house too"?
This house is nearly a clone/sibling of my parents house down to the horrid furnishings and decor. Built in the same year. Not sure why the garage isn't detached though, thought it was banned by that time. I'm kinda shocked that something like this is listing at $2.3m considering the downmarket (assessed is $2m). Sure, it's liveable but it needs some work to modernise and make it nice again. 
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02-19-2023, 09:21 AM
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#25003 | | Rs has made me the woman i am today!
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Originally Posted by supafamous
What builder/designer wakes up in the morning and says, "Pink, I'm thinking pink. All over the house too"?
| This was every second house in a Surrey EI neighborhood in the 90s.
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02-19-2023, 09:26 AM
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#25004 | | Rs has made me the man i am today!
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Originally Posted by donk. Rumor has it, by online articles, is that 50% of homeowners in BC are mortgage free.
If that's true, that means 25% probably bought 10ish years ago, and have 50% equity
How much of the remaining 25% with mortgages, are entering deep shit phase? Maybe 1/5th assuming most have fixed 5 year terms that are starting to cycle? + The recent buys on variable rates. Or people with spending problems.
That leaves Vancouver with about 5% of people in the oh shit category, but will only become an issue if unemployment creeps up, or rates stay this high for a bit and people burn through their savings? | https://www.canadianmortgagetrends.c...inues-to-fall/
Most recently about half of new mortgages were variable - those are the ones that in the most trouble. The next set that will be in trouble are those who got a low rate fixed that's up for renewal who haven't been paying down their mortgage which seems to be a lot of folks.
Anecdotally, I had some friends over recently, all middle-upper class, who hadn't been paying down their mortgage and I was really surprised to hear that - last year was the first time in 16 years that I didn't do lump sump payments to get ahead and I just assumed most people did as well. Those fixed renewals that are coming up are in for some good hurt.
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02-19-2023, 09:28 AM
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#25005 | | I *heart* Revscene.net very Muchie
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Because that was a common color back in the 90's?
And of course they'll list over assess, did you think they'd list under like $1.8? Supply and demand. My friend listed a 1979 single detach in richmond. 75 groups and 4 offers after 1 week on the market
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02-19-2023, 09:39 AM
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#25006 | | RS.net, helping ugly ppl have sex since 2001
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There is no inventory so everything and anything seems to be selling at a break neck pace. Almost all the homes we’ve been looking at have had multiple offers and ended up closing within a week or two or listing.
Good time to sell your shit. Horrible time to buy.
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02-19-2023, 09:41 AM
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#25007 | | I WANT MY 10 YEARS BACK FROM RS.net!
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how much to repaint?
seems like a minor issue if you get a driveway with an attached garage in Vancouver proper
not to mention no basement so old people friendly
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02-19-2023, 11:47 AM
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#25008 | | Rs has made me the man i am today!
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Originally Posted by 6thGear. Because that was a common color back in the 90's? | My parents house, built the same year, had a pale-ish pink/white so, yeah, the pastels were super popular during that era. Still makes them all ugly. I laugh every time a NIMBY says that a new development will ruin the character of a neighbourhood b/c most SFHs are ugly ass houses and townhouses and condos, by and large, are far more attractive buildings. Quote:
Originally Posted by 6thGear. And of course they'll list over assess, did you think they'd list under like $1.8? Supply and demand. My friend listed a 1979 single detach in richmond. 75 groups and 4 offers after 1 week on the market | It seemed like, for a brief window (a few months ago) that stuff was selling around assessed or less. The market sure has adjusted again and is ignoring interest rates once again. The basic principles of supply (nowhere near enough) and demand (far too much) cannot be denied. Quote:
Originally Posted by twitchyzero how much to repaint?
seems like a minor issue if you get a driveway with an attached garage in Vancouver proper
not to mention no basement so old people friendly | Probably $6k to repaint (my parents recently were quoted $5k I think). The pricing feels a bit wild considering the market - my 2400sf new build on a 5700sf lot by Central Park cost me just a shade over $2.4m (after taxes) and that was just 16 months ago in an interest rate environment that was 1.2% rather than 5%+.
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02-19-2023, 12:30 PM
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#25009 | | RS.net, helping ugly ppl have sex since 2001
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My parent's home is also the light pale ish pink and white and was built in the late 90's.
When we were in the process of building our laneway house, parents were like why don't you build it to match the primary home? 
I'm definitely not going to build something in the modern day only for it to immediately age 20 years
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Originally Posted by RX_Renesis wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
Originally Posted by nns I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo. | | |
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02-19-2023, 01:12 PM
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#25010 | | I *heart* Revscene.net very Muchie
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But vintage look is in though....
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02-19-2023, 02:27 PM
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#25011 | | To me, there is the Internet and there is RS
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My place was built in 88 and it's butter yellow. The pink from that era would probably be an upgrade lol.
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02-19-2023, 02:31 PM
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#25012 | | RS has made me the bitter person i am today!
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| Quote:
Originally Posted by donk. Rumor has it, by online articles, is that 50% of homeowners in BC are mortgage free.
If that's true, that means 25% probably bought 10ish years ago, and have 50% equity
How much of the remaining 25% with mortgages, are entering deep shit phase? Maybe 1/5th assuming most have fixed 5 year terms that are starting to cycle? + The recent buys on variable rates. Or people with spending problems.
That leaves Vancouver with about 5% of people in the oh shit category, but will only become an issue if unemployment creeps up, or rates stay this high for a bit and people burn through their savings? | https://www.theglobeandmail.com/real...ee-data-shows/
I remember reading this too, and there was another stat where the 50% who have mortgages have bought pre 2016, which narrows down to very few people actually getting fucked Quote:
Originally Posted by underscore My place was built in 88 and it's butter yellow. The pink from that era would probably be an upgrade lol. | Parent's had a custom home from the 90's, it was mega pink + pink garage with the dark red tiles on top lol, repainted it 3 years ago for like $4K?
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Last edited by Gerbs; 02-19-2023 at 02:47 PM.
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02-19-2023, 09:10 PM
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#25013 | | Need to Seek Professional Help
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Originally Posted by supafamous https://www.zealty.ca/mls-R2752932/2...-Vancouver-BC/
What builder/designer wakes up in the morning and says, "Pink, I'm thinking pink. All over the house too"?
This house is nearly a clone/sibling of my parents house down to the horrid furnishings and decor. Built in the same year. Not sure why the garage isn't detached though, thought it was banned by that time. I'm kinda shocked that something like this is listing at $2.3m considering the downmarket (assessed is $2m). Sure, it's liveable but it needs some work to modernise and make it nice again. | pink was super popular back in the days...look at the back yard pic pretty much 3 houses of similar age is also pink...detached was still popular and allowed...its all a fad just like the modern designs these days...10 years from now you'll look back and think the same thing as you've moved on to something else
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02-19-2023, 09:16 PM
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#25014 | | I contribute to threads in the offtopic forum
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To supa and Gerbs, were those prices for repainting to the existing colour or a colour change. For instance from pink to another pink or from pink to green? I'm curious if prices will vary much if one were to change to a completely different colour.
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02-19-2023, 09:23 PM
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#25015 | | Rs has made me the man i am today!
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Originally Posted by SSM_DC5 To supa and Gerbs, were those prices for repainting to the existing colour or a colour change. For instance from pink to another pink or from pink to green? I'm curious if prices will vary much if one were to change to a completely different colour. | Completely different colour - an orange-ish colour (less yuck than the original colour but still not a fan of it). My dad decided to do it himself and ended up falling off his ladder and breaking his ankle as a result (fell into his neighbour's yard) so they had someone finish it up for $1000 or so I think.
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02-19-2023, 11:10 PM
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#25016 | | I WANT MY 10 YEARS BACK FROM RS.net!
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like 5k is what some pay for a ppf so it seems like a good deal haha
i know taupe is a bit cliche but maybe it'll hide moss better  | |
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02-20-2023, 07:19 AM
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#25017 | | RS.net, helping ugly ppl have sex since 2001
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Also popular in the 90s is the popcorn ceiling 
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Originally Posted by The_AK Or you meet some girl at the club, cum inside of her, find out shes only in grade 12, so you buy a Prada bag for her to make things right, she finds out the bag is a fake and decides to have the kid | Quote:
Originally Posted by RX_Renesis wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
Originally Posted by nns I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo. | | |
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02-20-2023, 10:15 AM
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#25018 | | Rs has made me the woman i am today!
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^ There's the 70s/80s big popcorn, and the 90s to 00s small popcorn. All gross. It's a cost cutting measure as they don't have to spend the labour on leveling the surface to perfection. The popcorn helps hide any uneveness.
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02-20-2023, 10:22 AM
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#25019 | | Performance Moderator
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My Cressey condo built in 2011 has popcorn ceilings still... it never bothered me until someone else said it was unfashionable lol
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02-20-2023, 10:40 AM
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#25020 | | I WANT MY 10 YEARS BACK FROM RS.net!
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ugh if you ever get a leak it's so hard fixing those to look uniform with the rest of the ceiling!!
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02-20-2023, 10:44 AM
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#25021 | | in the butt
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Originally Posted by twitchyzero ugh if you ever get a leak it's so hard fixing those to look uniform with the rest of the ceiling!! | Can confirm, methers above me flooded my unit several times, wall has to be cut open, nearly impossible to match even with texture spray / sponge method.
Ended up installing shiplap with a buddy over a Saturday, would recommend, looked great.
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02-20-2023, 11:26 AM
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#25022 | | Old School RS
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Originally Posted by supafamous Anecdotally, I had some friends over recently, all middle-upper class, who hadn't been paying down their mortgage and I was really surprised to hear that - last year was the first time in 16 years that I didn't do lump sump payments to get ahead and I just assumed most people did as well. | For almost all of the last 16 years, you'd have more money overall if you had invested your extra cash instead of paid down the mortgage. This is doubly true if you are paying down your mortgage instead of using a TFSA or RRSP space as may be available.
-Mark
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02-20-2023, 11:31 AM
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#25023 | | I have named my kids VIC and VLS
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Textured ceilings are wayyy easier to cover up your shittt drywalling than getting a proper smooth finish lol
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02-20-2023, 12:08 PM
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#25024 | | y'all better put some respeck on my name
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Funny thing is a 15-20 year house in Vancouver probably has better build quality and materials than a new house lol.
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02-20-2023, 12:11 PM
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#25025 | | RS has made me the bitter person i am today!
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Originally Posted by SSM_DC5 To supa and Gerbs, were those prices for repainting to the existing colour or a colour change. For instance from pink to another pink or from pink to green? I'm curious if prices will vary much if one were to change to a completely different colour. | Fading Pink to a Blue
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