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Vancouver Off-Topic / Current Events The 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.

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Old 05-15-2024, 04:09 PM   #31351
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Folks here on Revscene don't require mortgage helpers
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I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off.
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Old 05-15-2024, 04:18 PM   #31352
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Folks here on Revscene don't require mortgage helpers
But think of all the rent you're missing out on. Who wouldn't want to make more money?!
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Old 05-15-2024, 04:49 PM   #31353
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But think of all the rent you're missing out on. Who wouldn't want to make more money?!
All of you on this forum because you don't even need it!
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I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off.
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Old 05-15-2024, 05:16 PM   #31354
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* except Manic, his lap would be on Vrbo if they allowed it
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Old 05-15-2024, 08:52 PM   #31355
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California Closets

Renewal By Andersen

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The "I bought a fixer-upper in Vancouver" starter pack
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Old 05-15-2024, 09:02 PM   #31356
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Every single person I’ve heard use renewal by Andersen has the EXACT same story

How much did it cost? $5000
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Old 05-15-2024, 09:04 PM   #31357
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Quote:
Originally Posted by PeanutButter View Post
^is it normal to put not one, but two mortgage helpers in a house that costs $3.4M?

I couldn't imagine paying that sort of money and wanting tenants.
But how are people going to pay that money without mortgage helpers?
Think of how many properties in Vancouver are 3.4 million dollars, and compare that to how many people are taking home 600k household income to afford that mortgage payment.
There's a whole lot more 3 million dollar homes here than 3 million dollar home afforders lol.
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Old 05-15-2024, 09:27 PM   #31358
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China villagers who own $2m free and clear, have $500k cash in gics, buying a $3.5m is only $1m mtg. Which is do able with 2 rental units + parents income + adult children income.

Or you can mortgage it with your 20 village cousins all working at mcd, security guard, Amazon Warehouse, Uber driver.
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Old 05-15-2024, 10:01 PM   #31359
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A “regular” family of parents and a few kids who can afford that level of home without a mortgage helper aren’t buying in that neighborhood
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Old 05-15-2024, 11:19 PM   #31360
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Not sure if this is the right thread but anyone have good recommendations for custom closets? I only keep seeing ads for California Closets...
We have used these folks for closets in two homes:

https://www.canadianclosetshop.com/

No, they don't use plywood, but we've been satisfied with the results. In our current house, we paid just under $3K for 5 closets (2 of which are walk-in).
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Old 05-16-2024, 09:34 AM   #31361
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Quote:
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But how are people going to pay that money without mortgage helpers?
Think of how many properties in Vancouver are 3.4 million dollars, and compare that to how many people are taking home 600k household income to afford that mortgage payment.
There's a whole lot more 3 million dollar homes here than 3 million dollar home afforders lol.
Are there not any smaller/cheaper places without them in the same area for say $2-2.5M? They've still got to be able to cover good chunk of the mortgage on a $3.4M place.

I just can't imagine being at the level of being able to afford something that high end and still have to deal with multiple tenants and their BS on the same property.
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Old 05-16-2024, 10:26 AM   #31362
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For a lot of ppl I think at least one segmented suite makes sense.

For me my parents live in my basement. I would always look for a house with a segmentable suite so I can keep them out of my hair.

For others, they can always airbnb it, or throw their older children into it. The flexibility is great.

The only problem I have with a lot of these builds, the suite is always built with very low quality stuff. The low quality stuff looks bad and also wears terribly.
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Old 05-16-2024, 03:35 PM   #31363
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I was just looking at all the new provisions that municipalities came up to conform with the provincial regulation. Still appalled on what they have planned. In between all the fees and stuff, it basically pushes small developments out of the question to mom and pops operation. FSR still limited.

What they need is a simplified and unified solution that minimizes costs. As it has been announced so far from the cities, it’s a shitshow to say the least.
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Old 05-16-2024, 06:06 PM   #31364
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WTF!!! is up with the color.

https://www.facebook.com/marketplace...type=top_picks

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Old 05-16-2024, 06:23 PM   #31365
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Quote:
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^is it normal to put not one, but two mortgage helpers in a house that costs $3.4M?

I couldn't imagine paying that sort of money and wanting tenants.
The norm now, especially when you factor in the culture(s) that may buy these types of houses. Some buyers don’t want tenants and might use these suites for in-law/family/visitors, others don’t need tenants but look at the potential revenue (if both suites are 2 bd suites that basement generates 4.5k in revenue a month) and can’t help themselves. 4.5k a month long term adds up fast.
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Old 05-16-2024, 06:39 PM   #31366
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Old 05-16-2024, 06:48 PM   #31367
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LOL everything about that place is crazy
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Old 05-16-2024, 08:43 PM   #31368
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why do i have the sudden urge for a chocolate chip peppermint ice cream and macha latte
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Old 05-16-2024, 11:04 PM   #31369
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Lol what a fucking trash build. They had an “idea” and cut every corner and did it as cheap as possible.
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Old 05-16-2024, 11:24 PM   #31370
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Who doesn't even take the dishes out of the sink?
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Old 05-17-2024, 11:39 AM   #31371
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Old 05-17-2024, 12:32 PM   #31372
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This house reminds me of Romanian gypsy-style homes.
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Old 05-17-2024, 12:42 PM   #31373
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Hold your butt cheeks renters. RS ballers will get new lambos, beetles and m cars are for the poors.

https://ca.finance.yahoo.com/news/hu...143929629.html
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Old 05-17-2024, 01:24 PM   #31374
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With the way things are going in Vancouver and Toronto, and the less than ideal for rental laws being passed, the govt really needs to get into the public rental housing thing for the less affordable cities. Lots of ppl are actually getting out of the rental game because it no longer makes sense, and the laws don't make it easy.

Yes we preach the "can't afford it, don't live here" saying a lot here, but the reality is, a functioning city is going to require min wage or close to min wage workers and those low level workers need to live somewhere. You are still going to need the janitors, the cashier, the retail, the fast food workers.
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Old 05-17-2024, 02:06 PM   #31375
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Solution.... Force Honda to rent his 1 br to 5 minimum wage workers.
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