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Quote:

Originally Posted by Hakkaboy (Post 9101680)

Speaking of East Van, is this now the price of a new build near fraserview? Asking close to $3.5M for 1 single carport?

https://www.zealty.ca/mls-R2782234/2...-Vancouver-BC/

[EDIT] E 35th and Nanaimo

Yep, that's about the going rate for a new build on a standard lot in East Van. The builder should make a pretty good amount on it too - lot was bought in Oct 2020 for 1.37m.

I couldn't imagine having a budget of 6 Million and looking at a house like that lol who the fuck has that kind of money that would even entertain that?

Wow I thought I had a pulse on the RE market but clearly I'm super out of touch based on these listings shared here...

I've been keeping track of Tsawwassen listings and noticed this seller raising their asking price after years of not finding a buyer. They did some basic maintenance and relisted the place as 'fully renovated' for $300k more. Makes me wonder what condition it was in before the 'reno' - they can't even mount the washroom mirrors properly. I guess it's empty at least and the neighboring properties look nice...

Quote:

This stunning FULLY RENOVATED house is located on the prestigious English Bluff Road! Massive 12,217 sq. ft. rectangular lot located on Tsawwassen's "Street of Dreams" just a three-minute walk from the Tsawwassen beach. 6 bedroom home offering over 2,600 square feet with many opportunities. Close to Tsawwassen Mills shopping mall, top-rates school like South Pointe Academy and English bluff elementary school and many other great amenities! In addition, the property is located on a large lot, providing plenty of space for outdoor activities. The great potential for investment & living-in with mortgage helper. Possibility for building a new duplex in the future. The house is move-in ready and perfect for those who appreciate quality and the beach lifestyle.

https://www.zillow.com/homedetails/5...4538202_zpid/?

https://photos.zillowstatic.com/fp/d...1344_1008.webp
https://photos.zillowstatic.com/fp/0...1344_1008.webp
https://photos.zillowstatic.com/fp/e...1344_1008.webp
https://photos.zillowstatic.com/fp/b...1344_1008.webp

Man I cannot stand split level homes. They just completely jive with my idea of living space

Quote:

Originally Posted by Hakkaboy (Post 9101680)

Ugh, the flooring is so amateur. It's so annoying when these amateur floorers don't stagger the boards properly.. $3.5M house and someone's uncle on the weekend is doing the flooring.

That's one of the interesting things about the housing market, it doesn't matter the product, it's going to sell.

Well it’s very clearly a buddy guy special with the security camera screen in the overhead kitchen cabinet lol

LOL @ "FULLY RENOVATED".

In case anyone was wondering

I renewed last year at like 3.2 variable or something, I think fixed was 3.6 at the time or such.

Current variable rate is 6.2 variable, rates go up in 2 days.

Talked to a mortgage broker, one straight up told me I can't renew with them since my properties are only counted at "1/2 income", and my amortization is so high per say at current variable rate. Told me to go with the bank, honest guy over the phone, someone from rocket mortgage.....

Anyways.
Bank said 5.4% for 4 year fixed, no fee to break variable.
If I went 3 or 2 year fixed, it would be 4k to break. And a slightly higher rate.

Payment went up by 350/mo on 2xx,xxx remaining.
Total of 17k interest over 4 years to keep my current amortization if my maths are correct.
I could go up to 30 year amortization, and payment would drop, but I do want to pay off this property. Interest difference between 19 years and 30 years is only like 2k...

350/mo increase ain't bad, it ain't great. At least I'm back on track, and no longer paying "100% interest" on my payments.

Now that I have locked in, the rates will drop....... Right?.... Right?!?!?....

Quote:

Originally Posted by carsncars (Post 9101419)

My partner and I were talking about this the one day. We have friends, professional higher-income (probably $400-450K/each in billings) DINKs. We were chatting one evening and they told us their monthly CC bill is $15-20K, which their income can support... but later that night we were trying to figure out where that all went?

Both drive non-luxury albeit new cars (Accord and CR-V). Their house was probably $1.5-1.8M when they bought it, pre-COVID, and their mortgage isn't on their CC anyways. They don't take a ridiculous number of vacations. They aren't kitted out in lux/designer clothing/products.

Then we went on a weekend trip with them and it clicked. They paid $40 for 6 butter tarts at a "cute" bakery on the tourist strip. For the hotel, they just called up the Marriott and took whatever rate offered on the phone. Rental car: they paid for the upgrade to an SUV without taking advantages of discounts or free upgrades for joining the loyalty program. Didn't think twice about parking for the day in the most convenient lot for $48 instead of parking 1-2 blocks away. While we were there, they talked about buying tickets to a concert that were resales via StubHub for $$$ markup.

It's fine, we don't judge them for it - they can afford it, and maybe the convenience is worth it more than the $$$ saved. But it suddenly made sense where all the money was going.

A lot of professions you need to spend money to make money. The glamour of "450k" billables sound amazing, but they don't tell you how much they need to spend to keep up with their clients and maintain a relationship(s).

Quote:

Originally Posted by westopher (Post 9101687)

I literally hate it haha. It's crazy to see 5+ million dollar homes that don't have a single feature that interests me beyond that it has 4 walls and a roof.

The 4 walls is basically the feature :lawl:

Quote:

Originally Posted by PeanutButter (Post 9101703)

Enlighten me, what is staggering the boards properly? I'm legit interested.

Quote:

Originally Posted by donk. (Post 9101707)

200k mortgage is chump change.... I would love to have a only 200k mortgage right now. Most people I know would too.

It’s a bit less of a concern with wider plank flooring like that but some of those planks are like 3-4” overlap at the seams which is just bad/lazy practice

Quote:

Originally Posted by EvoFire (Post 9101711)

200k mortgage is chump change.... I would love to have a only 200k mortgage right now. Most people I know would too.

Not when you have a cocaine and hooker addiction.......

Quote:

Originally Posted by donk. (Post 9101707)

Now that I have locked in, the rates will drop....... Right?.... Right?!?!?....

What goes up must come down, but also, what goes down must come up.
:drunk:

Rates are a crap shoot right now. It's a self re-enforcing loop of higher rates mean higher inflation in this current environment. My guy from TD basically guaranteed a BoC rate hike for July. Sept looks like a 50/50 right now.

We threw in the towel and are trying to lock in. We were hoping for it to have ended and just scrape by, but we can't stomach another 0.5% hike. With no end in sight we'll have to lock in.

Quote:

Originally Posted by EvoFire (Post 9101711)

Enlighten me, what is staggering the boards properly? I'm legit interested.

For a space that size no seam should ever touch. This will result in increased flooring waste, but you won't get that uniform look. And it will be the most natural look.

If you're on a budget and want minimal waste, at least don't let a seam touch until every fourth row.

Look at the bottom right, there are literally three seams touching out of five rows. This is so egregious
https://cdnparap130.paragonrels.com/...62803861-9.JPG

You should also never get a triangle peak like this one.
https://cdnparap130.paragonrels.com/...2803861-12.JPG

The stairstepping in this picture.. ughhhh
https://cdnparap130.paragonrels.com/...2803861-16.JPG

I know most people couldn't care less, but it just adds to the ridiculous nature of our real estate market. It's just the fact you're paying $3.5M for this house.. if this was quick reno and you wanted the cheapest contractor okay, I wouldn't be so peeved, but for a brand new "luxury" house... sigh.

Yeah everyone was saying "Variable historically works out better over the term" which is probably true, but you still have to be able to get through making the payments at the high points..

Quote:

Originally Posted by PeanutButter (Post 9101725)

For a space that size no seam should ever touch. This will result in increased flooring waste, but you won't get that uniform look. And it will be the most natural look.

If you're on a budget and want minimal waste, at least don't let a seam touch until every fourth row.

Look at the bottom right, there are literally three seams touching out of five rows. This is so egregious

I know most people couldn't care less, but it just adds to the ridiculous nature of our real estate market. It's just the fact you're paying $3.5M for this house.. if this was quick reno and you wanted the cheapest contractor okay, I wouldn't be so peeved, but for a brand new "luxury" house... sigh.

sorry can you point it out a little more obviously? i cant see it! lol

While waiting for PeanutButter's answer (because I'm also curious), I found this video at 17:55 that I think explains it?

My interpretation:

Seams Touching:
https://i.postimg.cc/YCS6b37f/seams-touching.png

Triangle peak:
https://i.postimg.cc/SNdL6PBx/triangle.png

Stairstepping:
https://i.postimg.cc/T3HrSDY8/stairstepping.png

It may not be so evident to a trained eye, (ecen I didn’t see the stepping etc.)

But it’s probably even more evident in person. It just looks really bad. I should actually add that into my walk through list I had. In new construction like a pre-sale etc. you could probably get them to tear it up if it was installed like that

Quote:

Originally Posted by unit (Post 9101739)

sorry can you point it out a little more obviously? i cant see it! lol

So what he's talking about is the end of the planks should not line up across multiple rows.
The other one is the stair like arrangement where the ends of the planks is staggered the same amount across multiple rows giving a stair like look.

I have both of these problems in my house but my installer was cheap :badpokerface:

I did notice it when we walked in, but it was done already.

No flooring knowledge here, is this the case because the flooring folks just randomly put the planks down without looking at the big picture of what kind of pattern/swatch they'd end up unintentionally creating? Instead of a uniform looking floor?

flooring manufactures will also list a minimum joint to joint distance too.

Quote:

Originally Posted by Harvey Specter (Post 9101705)

LOL @ "FULLY RENOVATED".

ya from Home Depot and Rona

the "realtor" that wrote that should be ashamed of themselves.

After reading PeanutButter's post, me looking down at the DIY flooring I did for my office space and seeing all the same things.

:pokerface: