REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

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.

Reply
 
Thread Tools
Old 07-26-2013, 11:24 PM   #1001
RS controls my life!
 
Join Date: Nov 2012
Location: YVR
Posts: 770
Thanked 533 Times in 275 Posts
Failed 64 Times in 21 Posts
Quote:
Originally Posted by godwin View Post
If people really want to invest.. invest in the Bay Area.. (the prices are in line with Vancouver).. the industry is way more diversified than in BC.
What part of the bay area you invested in? I've been looking at alameda, oakland(non-ghetto) and San Jose.

If you want to invest but dont want to deal with the hassle of US laws, I recommend northern BC.
Advertisement
noclue is offline   Reply With Quote
Old 07-27-2013, 12:20 AM   #1002
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
Right smacking in SF (Mission District) and Menlo Park. I bought the first one during the dotcom crash, then upgraded later.. the price has been buoying up ever since, not as insane as in Vancouver but I am happy. Rents cover mortgages (nearly done), utilities and taxes + gives me an apartment to stay in SF. Never have problems renting out (at least 3 names on the waitlist every month ever since 2001), infrastructures get upgraded by tenants eg 10Gb Ethernet in each room etc. Nearly all tenants are acquaintances working at the large firms.

I rather deal with US Laws (just hire a lawyer, plenty in BC who specialise in this, not only in Vancouver but Kelowna, Nelson etc etc; 4 signatures a year) than deal with the BS in Northern BC to be honest. Most of the BS cannot be enforced by law or regulations. Good honest help is really hard to find in Northern BC. I am talking from Prince George out west to Prince Rupert.. East to Edmonton. No thanks a gagillion. Just say you have meth'ed out versions Gridlock and Dino being recommended to take care of large developments..

Artists I semi tolerate, with full blown druggies that don't know which day of the week it is.. ugh.

Oh and the high Cdn$ which is forecast to slip with all the commodities hitting low.. as I say.. go South for best returns.

Quote:
Originally Posted by noclue View Post
What part of the bay area you invested in? I've been looking at alameda, oakland(non-ghetto) and San Jose.

If you want to invest but dont want to deal with the hassle of US laws, I recommend northern BC.

Last edited by godwin; 07-27-2013 at 01:32 AM.
godwin is offline   Reply With Quote
Old 07-27-2013, 12:28 AM   #1003
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
Quote:
Originally Posted by godwin View Post
Just say you have meth'ed out versions Gridlock and Dino being recommended to take care of large developments..


best thing i have read all day!!
dinosaur is offline   Reply With Quote
Old 07-27-2013, 12:47 AM   #1004
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
Oh stories of bunkers in yards, gas and electric lines tapped etc. They are all true!! Getting a proper plumber /electrician etc is a pain, you are SOL (mind as well bull doze the house) when a pipe burst and your tenant is clueless. People are bold enough to do illegal stuff on properties right NEXT to RCMP detachments.

I don't like cussing in posts.. the only way I will ever get re up north is getting a ranch/ fishing lodge with a live in family whom I trust.

Unless you are living up north to be hands on.. I don't recommend Northern BC. I much prefer south of the line, west of the Rockies.

I come to the conclusion is it all comes down to diversity and common goal. People in California, despite all the fiscal problems.. do want to make their lives better.. and there are plenty of industries and startups to support their dreams.. I am not so sure about Northern BC and at times not sure even in the Lower Mainland.

Quote:
Originally Posted by dinosaur View Post


best thing i have read all day!!

Last edited by godwin; 07-27-2013 at 01:13 AM.
godwin is offline   Reply With Quote
Old 07-27-2013, 01:00 AM   #1005
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
oh man, I hear ya....I use to travel around BC a lot when I was an archaeologist and would stay for long periods of time....some places....wow.

I wouldn't invest up there either. It may be a better financial investment, but it would keep me up at night, lol!
dinosaur is offline   Reply With Quote
Old 07-27-2013, 01:17 AM   #1006
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
I think mines and forests are the only safe carefree investments up north, guarded by plenty of bears, cougars and occasional rabid racoons and mooses. Way too much problems even with a concrete slab in the middle of town.. and people on this board are making fun of Detroit!

Quote:
Originally Posted by dinosaur View Post
but it would keep me up at night, lol!
godwin is offline   Reply With Quote
Old 07-27-2013, 08:41 AM   #1007
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by godwin View Post
I don't think the Bay Area is that overheated especially compared to YVR. Rents are a lot more than YVR, the townhouse size of 1200sq we rent out for $4-5k.. the return is a heck lot better than any YVR ones. The fact is SF is a lot of diversified economically than Vancouver.. actually in that sense even Seattle is better that way, considering they can't find enough people to fill at the Boeing plant and SGL plant.

With Cdn$ still relatively strong, I would say abandon the YVR focus, and repatriate the money when CDN gets even weaker.
Comparing sf prices to yvr is fine and well, and is a better investment, but u've just opened up the whole US as an investment zone, in which case, there are better options.

Investing in the US as a Canadian is fraught with issues, and Cali especially is a tough place due to its tax regimes and need for cash (property taxes are super high in Cali)

I'll agree, I'd buy in sf over yvr, but only if I lived there, the risk reward just isn't there as a foreign buyer (unless ur an all cash baller)
4444 is offline   Reply With Quote
Old 07-27-2013, 09:14 PM   #1008
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
BTW.. developer buys ALR land, put on bad fill on the land, 5 years later say the land is contaminated.. viola! land get removed from ALR land. Ever wonder how there are townhouses near the truck crossing?

Quote:
Originally Posted by Gridlock View Post
So we have the ALR, the Agricultural Land Reserve to keep fields and such from being at the mercy of a developers whim. In reality, another step before a developer can plant condos instead of tomatoes, but thats not the point here.
godwin is offline   Reply With Quote
Old 07-27-2013, 09:59 PM   #1009
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
My friend bought a house there...right on 0B ave. Interesting area.

Spent over $800,000 on the place....you can touch the neighbours house from her bathroom window.

dinosaur is offline   Reply With Quote
Old 07-27-2013, 10:04 PM   #1010
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
That's crazy.. considering a 4 acres ALR land is 1.4mill right next to those town houses.

Quote:
Originally Posted by dinosaur View Post
My friend bought a house there...right on 0B ave. Interesting area.

Spent over $800,000 on the place....you can touch the neighbours house from her bathroom window.

godwin is offline   Reply With Quote
Old 07-27-2013, 10:07 PM   #1011
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
Functionally, it is a terrible area...if the border is lined up, you can't really get to their place and it has been one big construction pit since they bought 3 years ago. City was suppose to build a school, but now that is on hold.

It is a small area slammed with as many houses and townhouses as possible. All young people families. All white. Totally children corn creepy.
dinosaur is offline   Reply With Quote
Old 07-27-2013, 10:49 PM   #1012
RS.net, where our google ads make absolutely no sense!
 
Join Date: Oct 2003
Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
Quote:
Originally Posted by dinosaur View Post
oh man, I hear ya....I use to travel around BC a lot when I was an archaeologist and would stay for long periods of time....some places....wow.
I have a large bone that needs to be examined
minoru_tanaka is offline   Reply With Quote
Old 07-27-2013, 11:07 PM   #1013
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
Quote:
Originally Posted by minoru_tanaka View Post
I have a large bone that needs to be examined
cool. let me get my pickaxe.
dinosaur is offline   Reply With Quote
This post FAILED by:
Old 07-27-2013, 11:18 PM   #1014
My AFC gave me an ABS CEL code of LOL while at WOT!
 
bing's Avatar
 
Join Date: Dec 2003
Location: vancouver, B.C.
Posts: 1,843
Thanked 563 Times in 229 Posts
Failed 63 Times in 31 Posts
Quote:
Originally Posted by dinosaur View Post
cool. let me get my pickaxe.
you will probably need a microscope too.
__________________

Cars:
02' Lexus IS300 5spd
07' BMW 323iA
05' BMW Z4 5spd
06' BMW 330i 6spd
10' Audi A4 quattro
08' BMW M3 6spd
15' Kawasaki Ninja300
08' Yamaha R6
10' Honda Ridgeline
17' Audi Q5
16' BMW X5D

bing is offline   Reply With Quote
This post thanked by:
Old 07-27-2013, 11:25 PM   #1015
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
dinosaur is offline   Reply With Quote
This post FAILED by:
Old 07-28-2013, 09:32 AM   #1016
RS.net, where our google ads make absolutely no sense!
 
Join Date: Oct 2003
Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
Quote:
Originally Posted by bing View Post
you will probably need a microscope too.
I guess in your family microscopic still equals large
minoru_tanaka is offline   Reply With Quote
This post FAILED by:
Old 07-28-2013, 09:35 AM   #1017
Banned By Establishment
 
Gridlock's Avatar
 
Join Date: Dec 2003
Location: New West
Posts: 3,998
Thanked 2,982 Times in 1,135 Posts
Failed 284 Times in 109 Posts
Quote:
Originally Posted by minoru_tanaka View Post
I guess in your family microscopic still equals large
Nope. That didn't work.

We're just gonna have to leave it that you have a microscopic penis because this thread is about real estate, not your embarrassingly small member.
Gridlock is offline   Reply With Quote
This post thanked by:
This post FAILED by:
Old 07-28-2013, 10:04 AM   #1018
RS.net, where our google ads make absolutely no sense!
 
Join Date: Oct 2003
Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
Quote:
Originally Posted by Gridlock View Post
Nope. That didn't work.

We're just gonna have to leave it that you have a microscopic penis because this thread is about real estate, not your embarrassingly small member.
Nope. That doesn't work.......................
minoru_tanaka is offline   Reply With Quote
This post FAILED by:
Old 07-28-2013, 10:17 AM   #1019
Rs has made me the man i am today!
 
Roach's Avatar
 
Join Date: Feb 2002
Location: W.R.
Posts: 3,385
Thanked 2,101 Times in 351 Posts
Failed 29 Times in 18 Posts
Quote:
Originally Posted by godwin View Post
BTW.. developer buys ALR land, put on bad fill on the land, 5 years later say the land is contaminated.. viola! land get removed from ALR land. Ever wonder how there are townhouses near the truck crossing?
Funny you should mention this area. I lived on 174 & 4th for 13 years until 2006 Lots of farms and ranches in the area. My dad was behind the push to rezone the Douglas area. Once rezoned we sold to a larger developer.

That project was a long time coming. Since the mid 90's. It was never zoned ALR and there was no contamination of land involved. Although that's an interesting theory on how to re-zone. Good idea! Lol.

Kev
__________________
DealerShift
Roach is offline   Reply With Quote
This post thanked by:
Old 07-28-2013, 10:29 AM   #1020
2x Variable Nockenwellen Steuerung
 
Join Date: Oct 2002
Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
Failed 67 Times in 51 Posts
I am sure if it is just a theory, there won't be the need for an ALR snitch line and soil watch to "monitor".

Basically that's what RE agents up and down 8th ave are promising.

Quote:
Originally Posted by Roach View Post
That project was a long time coming. Since the mid 90's. It was never zoned ALR and there was no contamination of land involved. Although that's an interesting theory on how to re-zone. Good idea! Lol.
godwin is offline   Reply With Quote
Old 07-28-2013, 10:40 AM   #1021
Rs has made me the man i am today!
 
Roach's Avatar
 
Join Date: Feb 2002
Location: W.R.
Posts: 3,385
Thanked 2,101 Times in 351 Posts
Failed 29 Times in 18 Posts
That's interesting. Just not true of the current development in Douglas.

Kev
__________________
DealerShift
Roach is offline   Reply With Quote
Old 08-03-2013, 09:39 AM   #1022
resident Oil Guru
 
LiquidTurbo's Avatar
 
Join Date: Mar 2005
Location: Vancouver
Posts: 7,716
Thanked 10,457 Times in 1,794 Posts
Failed 1,065 Times in 267 Posts
Another propaganda article?

Strong July home sales in Vancouver, Toronto show market picking up steam - The Globe and Mail
LiquidTurbo is offline   Reply With Quote
This post thanked by:
Old 08-03-2013, 12:23 PM   #1023
Banned By Establishment
 
Gridlock's Avatar
 
Join Date: Dec 2003
Location: New West
Posts: 3,998
Thanked 2,982 Times in 1,135 Posts
Failed 284 Times in 109 Posts
Well, I read somewhere where the numbers are getting skewed. I have no proof on any of this.

The compare current sales to 'cleansed' previous data. So: I list a house for sale in July, sell it in August with a close in September. Financing fell through and the seller took the house off the market.

Counts as a listing in July, and a sale in August.

Next year, when I compare this year to last, the data has been purged of that sale as it didn't go through, so when I have an actual sale I have one less to compare to the year before, therefore the increase in sales transaction..the change is higher because shocker! I'm not comparing apples to apples.

That's just one of the ways that you can cleanse data to show the story you want to tell.

Averages are another. No one talks median numbers which I find to be a far more accurate portrayal of data.

Here is a total bullshit sample set that I made up. These are the houses for sale in Gridville:

500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
500000
5000000

So you ask me, "what are most of the houses going for in Gridville?" I say, "500k"

You ask me what is the average price of the houses in Gridville?
"704k"

You ask me what is the median price(meaning, half the houses are above this number, and half are below this number)
"500k"

There is NO 704k price on that list, but I'm now answering a question with it. That number is meaningless in the real world that I made above. I can't spend 704k. It does not exist. I can spend 500k, or 5m. Those are my options.

I have invented a market for the $700,000 house out of NOTHING.

And if all else fails, I'll do what statisticians do best...change the parameters of my reporting. If median numbers show a better result, I'll use that. Average is better? Sure. Let's use that.

Or! If things truly tank, I'll start talking up the limited decreases.

Now, in terms of the REB numbers for both Vancouver and Toronto, I think they actually can't exagerate those kinds of numbers. I've seen the anecdotal evidence in my own neighborhood. Houses for sale everywhere and selling.

I don't know what the answer is. My absolute guess:

one) people like to lock in on cheap rates. I don't get it myself, as I don't want to buy at a high price that sustains with cheap rates because that price isn't going to go down when the rates increase

two) People are making the final move. Those that want out are getting out now, and they are selling to the people from one.

three) discount. People are seeing that they are getting a break in price from a few years ago. REB numbers show that 'average' prices are down. After 9 years of accelerated growth, they see it as catching a break.

Honestly, I don't think two even applies, as I doubt people are moving into rentals. So its rate magic. Pure and simple. A lot of 1, with a bit of 3.

Last edited by Gridlock; 08-03-2013 at 04:05 PM.
Gridlock is offline   Reply With Quote
This post thanked by:
Old 08-03-2013, 03:17 PM   #1024
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by Gridlock View Post
one) people like to lock in on cheap rates. I don't get it myself, as I don't want to buy at a high price that sustains with cheap rates because that price isn't going to go down when the rates increase
excellent analysis - 5/5 stars. i could not have put it better myself, so thank you for saving me the hassle of responding to the lies the media here presents.

and, i think it's number 1, as you say - ppl are dumb, they don't know how a fixed income is valued and what parameters affect it's value - they see 'rates are going up, b/c RE doesn't go down, that means payments go up - oh shit, BUY BUY BUY'

the average person, and the majority, are idiots - don't be surprised by their actions.
4444 is offline   Reply With Quote
Old 08-04-2013, 12:24 AM   #1025
The Lone Wanderator
 
Graeme S's Avatar
 
Join Date: Mar 2001
Location: Burnaby
Posts: 12,090
Thanked 4,367 Times in 1,137 Posts
Failed 192 Times in 75 Posts
So while some people here are dropping $400,000 on a 600 square foot shoebox, look what else that could get you in The States:

You Know You Want to Buy a Secluded Prison Fortress - Now You Can!

Quote:

35 miles from Syracuse, New York, nestled in over 90,000 acres of secluded, state-preserved forest, you’ll find the Camp Georgetown Correctional Facility. In its heyday, it held 262 prisoners. Today, this isolated, self-sufficient, ultimate apocalypse survival fortress is for sale … and, for just $390,000, it could be yours.
In addition to the beds, the facility has existing chapels and animal pens. Camp Georgetown also boasts that security is a strong point for any potential buyer. Additionally, the facility comes with two gyms, a wood shop, offices, an on-site water-distribution and irrigation system, a 150,000-gallon elevated water tank, 10 gas/diesel storage tanks, and it’s own sewage treatment plant, ensuring that the residents of Fortress Maximus could very well survive long periods in extreme isolation.
What do you guys think? Is the Camp Georgetown Correctional Facility worth the asking price? Should we get a Kickstarter campaign going to buy the thing? At 262 “shares”, we’d be looking at about $1500 per bed to survive the coming apocalypse – much better than the $30,000 PER FOOT of RV you’ll need to pony up to live underground in Kansas. Granted, it doesn’t have quite the panáche of Vivos’ bogus underground nonsense, but you won’t have to wait to find out if you’ve been “approved” by their phony-baloney “council”, either, so that’s a big plus.
Graeme S is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 04:38 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net