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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.
My friend lived in an RV for several years while he worked out in buttfuck nowhere Sask at his gas station. He sent me pics and it looked pretty nice for the amount he paid (like 40 to 50K I think) and he was able to tap into his existing water and sewage.
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Owner of Vansterdam's 420th thanks. OH YEAUHHH.
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Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
ya man, not having a toilet or shower sounds fucking sweet.
they have those! and then some.... or you can just shit in the woods, and take a shower underneath a waterfall like those instagram retards
i used to be a huge vanlife van (pre pandemic) fan but all these homeless instagram bitches ruined my desire to build my own van...life.
Plus spy balloon thinks ill do a shit job of it, and end up killing us both with my poor made by china quality. WHAT? a solar panel wired into a inverter, inverted? why all these AGM batteries underneath the bed!?
2-3 YouTubers we watch frequently who used to be globe travellers all went into van life during Covid as a way to keep making content.
The biggest take away from all of them? DIYing your own camper is never worth it. Even if it’s like 20-30k more to buy a transit or sprinter that was purpose built for a camper it seems 10000% worth it.
Nothing but problems and headaches with every single one of these units people bought from people who built them from scratch
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Dank memes cant melt steel beams
Aye true. We looked at a winnebago sprinter and it was 120k to start. Man fuck that ! You know how many nights of hotel that is ?! Plus the gas on that thing sucks.
Aye true. We looked at a winnebago sprinter and it was 120k to start. Man fuck that ! You know how many nights of hotel that is ?! Plus the gas on that thing sucks.
It’s totally not my thing but those Winnebago branded ones are pretty baller little everything is thought of and arranged in the best case scenario for space etc.
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Dank memes cant melt steel beams
haha i think a 4wd guy said the ones that go all-out completely unnecessarily, the first few nights in your setup will be equivalent of few grand a night, you gotta really use it to get money's worth
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Originally Posted by unit
yes and then after their epic trip they are going back home to their houses or apartments.
yes so goes to show even some of the quite fortunate ones can live a year or three without glamour
yes so goes to show even some of the quite fortunate ones can live a year or three without glamour
like i said, not for everyone
right, but what i mean is it's easy to do when it's temporary and not your actual housing situation. you know when your trip is done you have a cozy home to go back to with all the modern luxuries.
2-3 YouTubers we watch frequently who used to be globe travellers all went into van life during Covid as a way to keep making content.
The biggest take away from all of them? DIYing your own camper is never worth it. Even if it’s like 20-30k more to buy a transit or sprinter that was purpose built for a camper it seems 10000% worth it.
Nothing but problems and headaches with every single one of these units people bought from people who built them from scratch
Repost from RFD RE thread. From Garth Turner originally about someone someone who bought in at Joyce by Westbank.
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Ask Janice.
Two years ago she bought a one-bedder condo (actually more like a big closet, at 440 square feet) in East Van, in a 38-story building near Boundary Road, across from a SkyTrain station. Nice location. Big price. It came new from a developer, who actually furnished the mortgage.
Janice paid a little less than seven hundred. Plus tax it came to $729,750, with financing of just under $600,000. Now it’s killing her. The mortgage rate is 9% (not uncommon for a loan from a non-bank lender), and she still owes $580,000. Desperately, Janice is trying to get conventional financing so the interest charges can be slashed.
She went to Scotiabank. They arranged an appraisal.
Oh dear.
The detailed report (23 pages) examined the unit, the building, the hood and comparables. With regard to current value, this was the conclusion:
These five comparables sales are considered to be the most similar to the subject property. Note: comparables 4 & 5 are dated sales in the subject complex. Note: comparable 6 is an active listing in the subject complex. The adjusted value range is from $537,000 to $569,000. The final appraised value is $560,000.
Gulp. A loss of 23% in two years. If Janice were to sell, paying commission, it would be even greater. Worse, with a mortgage larger than the total value of the property she’s underwater. No equity. Nothing to borrow against in order to refinance.
Grasping for help, she reached out to local mortgage guy Mark Fidgett. “She was referred to me with the hope that I might be able to help, as I provide equity financing,” he tells me. “However, her current mortgage is with the developer and with her being underwater, there’s nothing I can do. The payments are clearly unsustainable at that rate. She hoped to move to a bank mortgage through Scotia, but aside from income ratios, the loan-to-value alone makes it impossible, with $580K owed on a property appraised at $560K.”
Of course, a lot of this is her fault. She bought a shoebox. She paid too much. She borrowed from the wrong source. She agreed to a bad mortgage. And she obviously made a lousy, emotional investment – losing a quarter of her equity, all of her downpayment, and being saddled with finance charges plus property tax and strata fees ($640 monthly).
Says the sympathetic mortgage broker: “Not sure what the market was when she bought, but any realtor pushing a 440 square foot condo, 1 bedroom + den (seriously), not even in the downtown core, at $1,660 per foot needs to have their head examined.”
The detailed report (23 pages)
No bank is doing 23 pages for appraisal.
I had my unit reviewed by RBC, a dude showed up for 5 minutes, took some pics, and left.
The mortgage rate is 9% (not uncommon for a loan from a non-bank lender),
Never heard of this, non bank lenders usually have cheaper rates than banks, unless she straight up signed some shady ass shit, 9%??????????? Maybe if the bank is in russia. My heloc was 7% at its peak, and those are always higher than variable rates
plus property tax and strata fees ($640 monthly).
Those 440sqft units are 300$ in strata, and 120$ in prop taxes, maybe if you add in utilities (if vancouver even has them) and then bank charges
She made a bad decision, but she aint pooched if she can keep up the payments. / Rent out move back with parents or 6 room buddy guy special
Il see myself out
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Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
Custom-built by the famous architect Paul Levitt, a modern, contemporary home located on a quiet street, just mins from Metrotown, schools & SkyTrain. Features 4 spacious beds, 4 baths, modern finishes, hardwood floors, 9' ceilings, amazing tile work, Sub Zero fridge, Gaggenau coffee maker & convection oven, Wolf stove & oven, A/C & artificial turf.
The detailed report (23 pages)
No bank is doing 23 pages for appraisal.
I had my unit reviewed by RBC, a dude showed up for 5 minutes, took some pics, and left.
The mortgage rate is 9% (not uncommon for a loan from a non-bank lender),
Never heard of this, non bank lenders usually have cheaper rates than banks, unless she straight up signed some shady ass shit, 9%??????????? Maybe if the bank is in russia. My heloc was 7% at its peak, and those are always higher than variable rates
plus property tax and strata fees ($640 monthly).
Those 440sqft units are 300$ in strata, and 120$ in prop taxes, maybe if you add in utilities (if vancouver even has them) and then bank charges
She made a bad decision, but she aint pooched if she can keep up the payments. / Rent out move back with parents or 6 room buddy guy special
Il see myself out
Garth Turner is full of shit. He's been harping for a crash for over a decade and has continued to be wrong. I used to be an avid reader of his and he made sense for a time until rent prices skyrocketed and his mantra of rent & invest the rest no longer made sense.
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Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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Those outside pieces looks like unpainted dry wall. And yea that's sus no bank is gonna do a 23 page appraisal for $300. If it's a condo most likely it's just some online appraisal. They won't even go to the unit especially if it's that new. And she's a dumbass for signing a 9% mtg usually the ones that developers advertise is lower than bank rates. She over paid and signed for a stupid mtg. Just suck it up, only fans for another year or so and rates will come back down, price goes up and refi
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Originally Posted by sonick
Garth Turner is full of shit. He's been harping for a crash for over a decade and has continued to be wrong. I used to be an avid reader of his and he made sense for a time until rent prices skyrocketed and his mantra of rent & invest the rest no longer made sense.
A lot of that story does sound like BS, but on that note, I've been watching sales (or lack thereof) at Joyce by Westbank because it's in my neighbourhood. I wouldn't be surprised if multiple owners are underwater. The units aren't moving.
Westbank managed to sell these shoeboxes at comparable prices to Brentwood but Joyce is not Brentwood... there's a lot of development and it's getting better but it's not there yet.
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