Removed.

lol at these prices. Seems like the first time buyer is totally priced out even from one-bedrooms. I feel for the next generation.

I know TD and RBC are allowing the pre-approval to be held for 120 days prior to the introduction of the stress test, so that's my plan.

yup this is basically me. once the stress test comes into affect january 1st, i'll be able to take out a smaller loan. I'm currently in the process of getting a pre-approval before the year ends and i'll have 4 months to look for a condo before i have absolutely no chance lol.

So had a rented property, wanting to move in there now. Served the guy notice (with the required time frame), guy goes to the tenancy board, they tell him he gets a free month.

Why the FUCK would he get a free month, meanwhile I can't live there and have to pay rent on my other property, or move twice cause he's a little bitch. Like seriously renting rights advocates need to shut the fuck up, I own the place, I should be allowed to do with it as I please, not have someone live there a month for free just because he doesn't feel like leaving.

Also for the next 6 weeks I have to be worried about what happens if he doesn't leave, and just starts squatting. Then I gotta go get an arbitration date, and even if it gets ruled in my favour I still need to get a sherrif to come take him out, and pay someone to move his things, and pay to store his stuff, etc. With no guarantee I will see another dime out of him. And he has 6 weeks to demolish the place.

I swear to god renting is a mistake, I see exactly why there is no rentals available. Having renters in your million+ dollar place is just a huge liability.

There needs to be a common sense balance between renters and landlords that, unfortunately, doesn't exist because extremists on both sides have fucked it up.

How much notice you gave him?

I wouldn't say renting out your property isn't a mistake -- from helping my parents with their rental unit over the past 7 - 8 years, yes, I have seen my share of shxt and come across some not very good tenants, but my overall experience has still been generally positive. The 3 key points that I seem to notice are:

1) location
2) unit type
3) tenant screening

Both my parents and I share the same (stubborn?) belief that we wouldn't purchase a rental unit where we wouldn't live there ourselves, so the unit is located in a good neighbourhood in the first place. Personally, I find that particular trait alone will already attraction only certain types of the more desirable tenants. ie. When the rental unit is already in a middle class neighbourhood, it is less likely to attract unreliable, non-middle class tenants.

As far as unit type is concerned, we had a small 2 bedroom suite at first, and later switched to a bigger 2 bedroom suite. During our ownership, the small 2 bedroom unit primarily attracted young or small families (because that's the target audience of the suite), and in my experience, this type of tenant are far easier and more sensible to deal with. The bigger 2 bedroom suite attracted a more diverse crowd, and at times, some of that more diverse group is more troublesome to look after as tenants.

Last but certainly not least, and probably the single most important determining factor is -- the landlord really needs to screen the hell out of the potential tenants. In hindsight, I have learned to trust my gut feeling because it is generally correct. Nowadays, I'd rather leave the unit empty for a few months instead of settling for a shorter down time.

I fully understand that this approach is probably not going to maximize profits. But these guiding principles have certainly left me with far fewer headaches. At the end of the day, I value my time and a lack of PITA issues more than max monetary gains.

your tenants is asshole that's all. Never had a problem with asking tenants to leave when my parents rented out their place. The thing is screening the correct tenants. I think you only need to give a month's notice? We usually give at least 2 months and nothing happens since we live upstairs so they can 't really trash the place like you said.

Depends on how asshole your tenants wants to be really. He can play the game and there is nothing you can do.

Another tip is I find when posting ads on CL anything that's above $1000 will screen away a lot of bad tenants. I also always ask for reference and their work place with another agreement saying they fully allow me to check their credits. You can apply with a company online to screen credits but you must prof you are the landlord and the form the tenants fill out. On the form it have to state clearly is it no require and you did not force them to sign it.

I have had tenants who refuse to sign that form and or refuse to give reference. Their application goes straight to the trash. But most people are ok with filling them anyways. There are things you can find out right away the potential tenants. IE what car they drive, how do they dress, their manners, if they have kids how does the kids behave, they way the speak etc etc.....

What we need in BC is a database with a list of bad tenants and landlords. It'll make life easier for everyone.

One months rent is the rule is it not? Not sure why the guys a "bitch" for that, who wouldn't do that if it was owed to them? They are the ones who now have to go out in this shitty rental market and overpay for another place.

There's always the option to not play landlord if it's such a hardship.

TENANT COMPENSATION FOR LANDLORD'S USE OF PROPERTY
WHEN THE NOTICE IS CONSIDERED TO BE RECEIVED BY THE TENANT
INFORMATION FOR LANDLORDS
INFORMATION FOR BOTH LANDLORDS AND TENANTS
• On or before the effective date of this Notice, the landlord must pay the tenant an amount equal to one month's rent payable under the
tenancy agreement.
• The tenant may withhold the last month's rent instead of being paid compensation.
• Compensation is not owed to tenants who receive this Notice because they do not qualify for the subsidized rental unit.
• If a tenant has already paid the last month's rent, the landlord must refund the rent as the compensation.
• If the landlord does not take steps toward the purpose for which this Notice was given or if the unit is not used for the stated purpose for at
least 6 months beginning within a reasonable period after the effective date of this Notice, the landlord or purchaser must pay the tenant an
additional amount equal to double the monthly rent paid under the tenancy agreement.
• A tenant who receives this Notice can give 10 days' written notice and move out early. The landlord must still pay the tenant one month's
rent as compensation.

Did you not read the fucking tenant-landlord agreement? Don't sign a lease if you're going to fucking move in before the lease is over. Think of it as a penalty for breaking the lease early. Just because you're the landlord doesn't mean you can do whatever the fuck you want with no penalties.

^

https://i.giphy.com/media/5xtDartpEL...ytW/giphy.webp



He's not an asshole, he's just a renter.
Some of my best tenants have known more about the tenancy act than most lawyers. It's in a renter's best interest to know his rights in BC, and take advantage of it. A free month for a guy who probably doesn't have a lot is a big deal.

That's why being a landlord is a tough way to make money. For every 4 good tenants I've had, there has been one bad one, and they're almost not worth the profit.

Why did you even let it go this far? I been in both shoes. Both parties know the rules and at the end of the day the landlord should have an open honest relationship with their tenants with ample notice.

It's meme405 we're talking about here though.

He was probably all like...
"Hey renter dickface, get out. You're not worth my fucken trouble since now I need a new home for my fucken hoes and my pimp ass ride, so get the fuck out you fucker! Go be a prick loser somewhere else asshole! Fuck, fuckity, fuckwad!"


Which is exactly the way I would have worded it too.

:fullofwin:

It looks like the City of Vancouver is serious about doing something about the homeless population. CoV is going to build modular housing in Marpole, despite the protests from Chinese homeowners in the neighbourhood who still are a key constituency in many neighbourhoods in the CoV. The next site proposed for this type of housing is a vacant lot across from 29th Avenue station which still remains home to a lot of old timer CBC families.

Considering that the majority of RS still considers Vancouver their home, how would you feel about modular housing being built in your neighbourhood?

The same way as being priced out :p hell, even the homeless are getting a place to live in Vancouver :p

Despite being a middle class neighbour, my area has always had a number of low income housing, coop housing, non-wealthy senior homes, etc. Some of the population is on social assistance, disability assistance, etc. In the past, I don't think there has been any actual homeless shelters, but there will soon be a some sort of new underprivileged women and/or children shelter in the neighbour.

IMO, when the percentage of a low income / underprivileged population is similar to their actual percentage in society, the situation is fairly managable. Problems only come up when their numbers become disportionately large, and then it becomes a burden that negatively affects the neighbourhood.

One potential problem I find is, I don't see any of the wealthy CoV communities taking on their share of these low income / underprivileged population, so other non-wealthy communities end up bearing more than their share of the population, and that becomes a burden.

Additionally, I seem to recall these modular homes are billed to be "temporary"? Personally, without a cohesive and region-wide or provincially backed solution to address the homeless / low income housing issue, these modular homes are going to be anything but temporary. In light of that, I'd much rather see something more permanent.

I don't know how I feel about this temporary modular housing and homelessness. I can understand there is displeasure for the Marpole location because it's practically at an Elementary and Highschool where kids are all day, which raises safety concerns for a parent. If I were a parent, I likely wouldn't even want my kids to go there. E.g. What if they stepped on a needle? Too many what ifs that haven't been addressed which why I can see parents are pissed when CoV shoving the go ahead with this project down their throats.

Cesspool of disease and drugs, etc. Refer to the pics of a homeless guy trashing a place in Toronto couple pages back. Wouldnt go near let alone having kids close by.

Doesn't bother me as long as they clean themselves and are trying to get their life back on track. I see a lot of low income/homeless people who try very hard to make life work and turn away from drugs and they are some of the most friendly people I meet. On the other hand you have those that will never change. They will take drugs everyday, cause issues, very volience in nature and tend to be very messy and smelly. Is the 2nd group I have issues with. If you aren't going to try to get your life back on track maybe society should just leave you to your own fate.

The apartment I am in have some low income units and while you can tell by the looks or clothes I find them to be very friendly. I give them a smile say hi and discuss things here and there about the apartment. On the other hand there are those who are rich (most likely using daddy's and mommy's money) they act like they are above you, doesn't even want to talk to you at all.

The gov is never ever going to build these modular homes in a wealthy area. Is not just the backlash but these rich people have the means the challenge the gov. They are likely going to go to a court battle with the battle and hire lawyers to prevent such things being built near their homes. They have the $$$ so they can play the game. Not to mention the gov does receive donations from these wealthy people one way or another so you piss of them you get no donations.

The only reason moonbean is doing this is to try to win some votes. That's all. If he all about housing he would have done this years and years ago. Instead he wasted millions and millions on bike lanes for the rich and wealthy.

Not like if you built them in Shaunessy anyone would be in the country to oppose it :troll:

There is almost no land to build any sort of multi unit dwelling in my area, however, a while back there was a little blip in some letter about consultation over a renovation of an existing building to provide low income units, the amount being considered though was almost irrelevant, it was like 10 or something.

Nanaimo seems to separate the lower income/subsidized buildings from the north side residential areas of Hastings sunrise and I’ve never run into a problem once. There seems to be a tonne of subsidized native housing in this area and also down by Wall Street and Dundas and again, haven’t had any problems although I don’t frequent these areas I do walk them fairly often.

I kind of go back to the thought of, why do these types of people deserve to be seemingly handed a unit in some of the most expensive real estate in the world, but then the argument can go back to resources, community, and the chance to actually make something of yourself may be greater in Marpole etc than it would be in Whalley or chilliwack.

I think if they actually heavily enforced rules like no drug use, keep your unit clean/respectable, be aware of the community, etc etc. and you’re gone if you don’t, and the whole place is shut down if enough violations occur, people may hold each other more accountable.

A commonly cited argument that gets thrown around a lot is -- many of the homeless are also suffering from mental health issues, and thus they can't help themselves to keep their lives together. I know a few people and have worked with people with mental health issues. When they refuse to stay on top of their medications for whatever reason -- and sometimes the meds really make you feel quite awful or mentally slow -- they absolutely cannot be reasoned with in a conventional manner. And then what can society do? Kill them off to cleanse the pool? You can't blame them for not looking after themselves.

An article about the gentrification of Vancouver neighbourhoods and growing income inequality in the suburbs.

My take:
Yuppies/tech bros with an affinity for beards and craft beer are pushing out immigrant families in the City of Vancouver. Immigrants with wads of cash who work low wage jobs are buying properties in Burnaby and Richmond.

Absent in this article are stats on suburbs like New Westminster, Maple Ridge, Langley, and Port Coquitlam where middle class people live.

He's been there like 3.5 years.

I'm not breaking the lease. He's been month to month for 2+ years.

RTB still said he gets 1 month free.

I gave 2 months notice.

Dude is paying $4500 a month, he sold a 17 million dollar house in Wvan before moving into my place. I offered him the option of buying the apartment off of us, but he doesn't want to tie up the money in it. At the same time he knows he won't find another 3 bedroom place like this for this price anywhere.

Dude doesn't want to leave, so I can already see the writing on the wall. I'm going to have issues with him.