Vancouver's Real Estate Market

[PeanutButter]

Originally Posted by Euro7r

Do you guys with mortgages look at your principal vs interest and cringe? Or you guys don't even look at it knowing how shitty life is being a peasant LOL. I'm 1.5 yrs into my mortgage and looking at how much interest paid is depressing. Mines at 750K @ 4.79%. I ask myself sometimes is this even worth it for the sake of detached space. Feel like never gonna pay this down and even if I did, so much interest at the end. I was living in apartment and hated it, as I grew up living in a detached. The place would have had to go up in appreciation at the same $, at least to cover the interest spent. I'm probably starting off and right now can't see the whole picture or value down the road.

If you don't have a family I would say just sell and rent, invest the difference. Renting is much cheaper than owning right now. First, calculate your monthly expenses, mortgage, property tax, insurance, maintenance and then total it up. Then go on facebook and see what kind of house you can rent in your area for, I bet you it'll be at least 30%+ cheaper to rent if not 50%+.

If you have a family, I would be a little more concerned because if you get kicked out, it's super stressful, but renting seems better and better these days.

Owning a house as an investment is a poor decision. Right now you own a house because you want to, not because it's a good investment. Sure you pay down some equity, but that's not worth it when you can just invest that money instead. But, if you're not comfortable in investing, then real estate is probably easier to stomach, but your cash flow is all screwed up for the next 30 years.

People talk shit about renting, but the numbers don't make sense to buy. Owning a house is a lot of work and maintenance and the numbers just don't work.

[FOREVER]

Happy to say my apartment is sold after 90~ days
Got an offer less than posted, but that was expected and it is more than what I was trying to fire sale it during covid huehuehue

[Gerbs]

Listed my unit up for rent, gonna hopefully list for sale if rates or market becomes favourable in the summer. Gonna convert equity into all XEQT, move home and stack cash for SMB/future moves. Sublet 2-4 months in Oly village for $2.5-3K/month in the summer and wfh in Whistler / mountains in winter.

Enjoyed single living in my early to mid 20's, no longer enjoying my rent paying $2.2K in hard costs before another $800-1,200 for principle paydown. Gained all the skill points I can from living alone and depending on yourself, joining the free rent life again. Savings rate about to skyrocket to 50-80%

[EvoFire]

Originally Posted by Gerbs

Listed my unit up for rent, gonna hopefully list for sale if rates or market becomes favourable in the summer. Gonna convert equity into all XEQT, move home and stack cash for SMB/future moves. Sublet 2-4 months in Oly village for $2.5-3K/month in the summer and wfh in Whistler / mountains in winter.

Enjoyed single living in my early to mid 20's, no longer enjoying my rent paying $2.2K in hard costs before another $800-1,200 for principle paydown. Gained all the skill points I can from living alone and depending on yourself, joining the free rent life again. Savings rate about to skyrocket to 50-80%

It's a privilege that not everyone has. My wife-then-gf was semi forced out cause her parents didn't have space and my parents were not ok with her moving in.

[Badhobz]

What kinda shanghainese is that ?!?!? You sure she’s shanghainese and not some sort of an outsider ?

[JDMDreams]

Why not all in on mstr

[The Producer]

Originally Posted by Gerbs

Listed my unit up for rent, gonna hopefully list for sale if rates or market becomes favourable in the summer. Gonna convert equity into all XEQT, move home and stack cash for SMB/future moves. Sublet 2-4 months in Oly village for $2.5-3K/month in the summer and wfh in Whistler / mountains in winter.

Enjoyed single living in my early to mid 20's, no longer enjoying my rent paying $2.2K in hard costs before another $800-1,200 for principle paydown. Gained all the skill points I can from living alone and depending on yourself, joining the free rent life again. Savings rate about to skyrocket to 50-80%

your plan is to rent out your place, grab a summer fuck pad and a winter fuck pad w free rent shoulder seasons at your parents?

just when I think you couldn't possibly be any dumber, you go and do something like this...

and totally redeem yourself

[GS8]

You couldn't pay me enough money to move back in with my parents...

[PeanutButter]

Originally Posted by GS8

You couldn't pay me enough money to move back in with my parents...

What would you say would be the worst parts?

[SSM_DC5]

Originally Posted by GS8

You couldn't pay me enough money to move back in with my parents...

Do you and all the people who thanked the post have problems with their parents?

I wouldn't have problems living with mine again. I mean I'd have to listen to things like "look both ways before you cross the street" but that's not enough of a bother to be all hells no!

[donk.]

I dont know anyone that would want to live with their parents, myself included. My buddy is going thru a breakup and to make it worse, he will have to move back home due to timing. He moved out like 7 years ago, and is dreading it.

The nagging.
The cleaning.
Dont do this, dont do that, cant have that in the house.
Why dont you spend time with us.
Banging your gf, self explanatory. (Or new pussy in my buddies case lol)
Mental exhaustion of them always wanting to talk, but our side does not have anything/doesnt want to talk.
Guilt tripping over x and y.
Sit down dinners at the table.
Parents having their senile friends over and wanting to talk yo you.
List goes on

[Badhobz]

Originally Posted by PeanutButter

What would you say would be the worst parts?

Oh no you don’t. You leave that boy alone ! He doesn’t need to be in peanutty confessionals.

Originally Posted by SSM_DC5

Do you and all the people who thanked the post have problems with their parents?

I wouldn't have problems living with mine again. I mean I'd have to listen to things like "look both ways before you cross the street" but that's not enough of a bother to be all hells no!

Yes!

[supafamous]

Originally Posted by SSM_DC5

Do you and all the people who thanked the post have problems with their parents?

I wouldn't have problems living with mine again. I mean I'd have to listen to things like "look both ways before you cross the street" but that's not enough of a bother to be all hells no!

I lived with my parents till I was 30 (when I got my first place) and it was tolerable b/c both of them were working and I worked evening shifts so I often only saw them in passing.

Today, 49 year old me knows that I'm likely to take them in some day but I've specifically bought a house where they have their own suite so I don't have to see them every day b/c if I did I would murder them in their sleep within weeks.

I don't care to hear their crazy political views which have been misinformed by Facebook and their crazy hard right relatives, I don't care to hear their opinions on how I raise my kid or run my household, I don't care to share my day to day activities (and I especially don't want to deal with their nosiness), I don't care to hear their insensitive remarks (my niece and nephew don't like spending time with my parents) and I don't care to hear their opinions on how I spend my money.

My wife wants to take her parents on a vacation soon b/c they're getting old and I've told her she's welcome to go with them but the most days I'll spend with them is 4-5. They're easier to deal with but they also drive me up the wall.

[Badhobz]

all these old fucks suck. all of them.
Im pretty sure that's exactly what the younger generation are saying about us too.

Guarantee if I had kids, they would not enjoy my racist, bigoted rants against XYZ

[68style]

When I got divorced a long time ago like...33 years old? I had to move back home for like half a year after being on my own since 25. It was awful. But my parents don't like each other and live on their own floors in the house... so listening to their depessing passive aggressive bickering was enough to drive me insane they can't cooperate on everything and self sabotage their own happiness at every step.

Being in that atmosphere is not worth any $$$

That's besides the fact you meet any girls and try telling them you live with your parents in Richmond at 33 and see how quicky that date ends.

This is nevermind my mom keeping her internet computer in my room and coming in at like 8am to type emails with 2 finger typing just hammering away at the keyboard sounds like anvils falling from the sky when you're hungover from Friday night lol

[mikemhg]

Gerbs you in your 40s, or late 30s?

That's tough moving back home at that age.

[RevYouUp]

I don’t mind living with my parents. There’s just a trade off, the same people complaining about the high costs of living and inflation saying they can’t afford this and that can’t even suck it up and move back home and stack money for a couple of years. The sad reality is that’s the only way to come out on top for the newer generation. I’d sacrifice a couple years of my life to be better financially in the future, it’s a no brainer.

[Gerbs]

Originally Posted by SSM_DC5

Do you and all the people who thanked the post have problems with their parents?

I wouldn't have problems living with mine again. I mean I'd have to listen to things like "look both ways before you cross the street" but that's not enough of a bother to be all hells no!

I definitely can't live with my mom long-term. I only considered it because my brother moved out 2-3 years ago and I visited home less than 100 times since I moved out 5 years ago. We live 8 minutes away too.

Figured moving home for the short-term would be good for her mental health and I can finally dedicate time to hang out with my mom. I also wanna fix up her house, roof is leaking, wooden gates are rotting, add security cameras etc.

My mom nags like most moms do and says dumb shit all the time, but I noticed it stopped ever since I moved out at 24. Her seeing me be self sufficient helped a lot.

Originally Posted by mikemhg

Gerbs you in your 40s, or late 30s?

That's tough moving back home at that age.

I just turned 29 a month ago. Biggest reason I'm moving home is because I'm potentially closing on a long-running franchise in a few weeks. If it goes through, I'll be working 24/7 shortly. With the cost-savings of moving home, I can down-pay a 2nd location in 1-2 years. If business goes well I can exit into a SFH by 31-35? I'm 99% sure I'm moving out by the time I hit 30 - 31 for dating purposes.

holy fuck, if I had to move back in my late 30's to 40's, I'm cooked.

[sonick]

Originally Posted by mikemhg

Gerbs you in your 40s, or late 30s?

That's tough moving back home at that age.

IIRC he's like late 20s

[Gerbs]

Originally Posted by The Producer

your plan is to rent out your place, grab a summer fuck pad and a winter fuck pad w free rent shoulder seasons at your parents?

just when I think you couldn't possibly be any dumber, you go and do something like this...

and totally redeem yourself

I'm pretty retarded honestly Rather sell than rent it out, so going to list it as well.


The goal with the summer pad - > make use of being closer to beach vball, running, hosting more social events, closer to business if purchase goes through

Winter pad - > Get better at ski/snowboard

Not having to pay rent/outgoing costs - > More golf trips, saying yes more to bach trips, and see the world, I always said I'd do Europe when I'm older and have money and that gap is closing. I didn't wanna do 3+ months travelling if i had to worry about housing costs at home.

[donk.]

Someone riddle me why these near idential listings have such massive view discrepancies

https://www.rew.ca/properties/18-131...erty_click=map
7 days - 11,000 views

https://www.rew.ca/properties/7-1318...erty_click=map
3 days - 300 views / or "7 days - 700 views"

I would guess heavy marketing on the 3 bed unit, any other reasons?

[whitev70r]

that would be my guess as well, the 3 bedroom vs 2 bedroom layout. Most people searching for TH will put 3 bedrooms as a filter ... TH with 2 bedroom and 1618 sqft not as attractive.

[Gerbs]

Originally Posted by donk.

Someone riddle me why these near idential listings have such massive view discrepancies

https://www.rew.ca/properties/18-131...erty_click=map
7 days - 11,000 views

https://www.rew.ca/properties/7-1318...erty_click=map
3 days - 300 views / or "7 days - 700 views"

I would guess heavy marketing on the 3 bed unit, any other reasons?

3br, could be on a tiktok / reel

[donk.]

I think its a rew error

Unit has been listed since 2024-Apr-02, relisted 5 times since as per the MLS data, views probably stack on rew.ca, i do recall seeing that unit for sale a few months ago

Also the 3rd bed is just a "rec room".
People gotta be smart enough that in a 1600sqft unit you can always "make" another room or two for a couple of grand.

[Alpine]

Originally Posted by PeanutButter

If you don't have a family I would say just sell and rent, invest the difference. Renting is much cheaper than owning right now. First, calculate your monthly expenses, mortgage, property tax, insurance, maintenance and then total it up. Then go on facebook and see what kind of house you can rent in your area for, I bet you it'll be at least 30%+ cheaper to rent if not 50%+.

If you have a family, I would be a little more concerned because if you get kicked out, it's super stressful, but renting seems better and better these days.

Owning a house as an investment is a poor decision. Right now you own a house because you want to, not because it's a good investment. Sure you pay down some equity, but that's not worth it when you can just invest that money instead. But, if you're not comfortable in investing, then real estate is probably easier to stomach, but your cash flow is all screwed up for the next 30 years.

People talk shit about renting, but the numbers don't make sense to buy. Owning a house is a lot of work and maintenance and the numbers just don't work.

This is true for financially literate people who have the diligence and discipline to invest the money that they would be saving over owning. But holy shit there are some financially illiterate people out there, and these people will spend the difference because the money is available and sitting in their chequing account. It’s better for these people to be forced to save via home ownership for their own future.