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07-21-2018, 02:50 PM
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#12426 | | i like gifs
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Originally Posted by Hehe  is it just me or the 49ct/ft maintenance seems really high?
For a 2bdr unit, that's almost 400 bucks a month. For the TH, it's 700?!?! | They have a 2 floor gym, study room, dog wash, concierge (I think - too many presales to remember) and a few other things that I can't remember off the top of my head.
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07-21-2018, 06:05 PM
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#12427 | | RS has made me the bitter person i am today!
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What else do you normally add on top of the $700 strata? $200/mo insurance, 200/month property tax, 100 utilities.
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07-21-2018, 07:51 PM
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#12428 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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Originally Posted by Gerbs What else do you normally add on top of the $700 strata? $200/mo insurance, 200/month property tax, 100 utilities. | Yon't need $200/mo insurance mine is only like $50, most apartment have gas included in the strata so if your stove is gas basically you only pay for electric bill which for me is around $20 to $25/mo.
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07-22-2018, 08:41 AM
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#12429 | | RS controls my life!
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Langley
Alexander Square
Another budget starter home marketed by 5th Ave (last deal was Avani) 70% sold out yesterday.
$279K for 520ft starting, 6 story lowrise.
15% deposit in a year, avg $600/sqft.
Willoughby area.
Presales def slowing but I know a lot of clients + realtors are away on vacation after a huge year(s).
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07-22-2018, 10:08 AM
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#12430 | | Performance Moderator
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Strata fees in new buildings are bullshit, I’m in a 9 year old Cressey building with full-size gym, pool, hot tub, sauna and party room and I’m paying $240 a month for 700 sqft... and it started at $216ish 7 years ago, so just incremental inflation-related rises.
I look at these 500sqft places with $300+ a month to start and just smh...
Also concierge has to be the biggest waste of money ever, no idea why anyone would want that as a feature unless you got packages coming in on the daily or something.
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07-22-2018, 10:13 AM
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#12431 | | I have named my kids VIC and VLS
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So someone can push your drunk ass into the elevator late night lol
Yea like 300+ for concierge and some shitty party room is crazy. I think high strata fees right off the bat might be a decent approach though for these buildings that sell out on presale because they force the owners to contribute right away, whether it’s a rental or vacant investment property. As opposed to a lower strata fee and then having to vote on a special assessment down the road where the majority of owners who don’t live there will instantly vote anything down that takes money out of their pockets
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07-22-2018, 10:25 AM
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#12432 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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Originally Posted by 68style Strata fees in new buildings are bullshit, I’m in a 9 year old Cressey building with full-size gym, pool, hot tub, sauna and party room and I’m paying $240 a month for 700 sqft... and it started at $216ish 7 years ago, so just incremental inflation-related rises.
I look at these 500sqft places with $300+ a month to start and just smh...
Also concierge has to be the biggest waste of money ever, no idea why anyone would want that as a feature unless you got packages coming in on the daily or something. | Depends. I rather they take more on my monthly strata and save it as contingency fund so if anything down the road needs fixing I won't have to chip in Vs super low strata fee and all of a sudden something needs fixing and everyone is slap with a 30k bill.
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07-22-2018, 10:27 AM
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#12433 | | Performance Moderator
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Yah I think it has something to do with pre-loading the building find like Ontario has done for many years... and if you watch those house hunter shows Chicago for example has insane strata fees... up to debate which way is better sucks if you pay high fees and move out fast don’t see the benefit from it but contributed all along type deal.
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07-22-2018, 10:28 AM
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#12434 | | I have named my kids VIC and VLS
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The counter argument to that is strata just wasting money and not effectively using the contingency fund to plan for future projects, not having a depreciation report, etc
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Dank memes cant melt steel beams
Last edited by Hondaracer; 07-22-2018 at 10:33 AM.
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07-22-2018, 11:14 AM
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#12435 | | OMGWTFBBQ is a common word I say everyday
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Central air and heating isn't cheap, so that's probably why the strata fees in these new buildings are so high.
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07-22-2018, 11:47 AM
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#12436 | | i like gifs
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Originally Posted by 68style Yah I think it has something to do with pre-loading the building find like Ontario has done for many years... and if you watch those house hunter shows Chicago for example has insane strata fees... up to debate which way is better sucks if you pay high fees and move out fast don’t see the benefit from it but contributed all along type deal. | If anything, that might actually contribute to having more locals buy instead of investors.
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07-22-2018, 07:54 PM
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#12437 | | I am Hook'd on RS
Join Date: Feb 2014 Location: vancouver
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Originally Posted by Hondaracer What do losers with a bunch of financial issues and a few kids do to solve their problems? have more kids | Ok so it isnt just me who noticed this, there always seem to be that one couple that everyone knows
I have this one acquaintance who is always asking for handouts on social media. Mentions how much in debt they are etc. etc.
But then also posts asking if anyone is hiring yet also posts pictures of their FIVE young kids
WTF
That's about $2290/month in canadian child benefits while they are young. These people can't really be using that as their incentive can they. It just does not make sense to me
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07-22-2018, 08:19 PM
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#12438 | | I *heart* Revscene.net very Muchie
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A friend of mine who lives in Burnaby said his street is being rezoned by the government and houses are slowly being bought out. My friend is choked as he bought his place 6 years ago and did at least $80,000 in renos and landscaping.
Looks like no one is safe from the rezone monster!
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Originally Posted by GS8 When I think about ewe, I touch myself | | |
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07-22-2018, 08:37 PM
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#12439 | | RS has made me the bitter person i am today!
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Originally Posted by GS8 A friend of mine who lives in Burnaby said his street is being rezoned by the government and houses are slowly being bought out. My friend is choked as he bought his place 6 years ago and did at least $80,000 in renos and landscaping.
Looks like no one is safe from the rezone monster! | 
Depending on what the new zoning allows, his property might have gone up exponentially.
If his new zoning allows for high rise of 15+ floors, he just won a jackpot.
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07-22-2018, 09:28 PM
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#12440 | | I *heart* Revscene.net very Muchie
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Originally Posted by Hehe
Depending on what the new zoning allows, his property might have gone up exponentially.
If his new zoning allows for high rise of 15+ floors, he just won a jackpot. | How does the buy out process work? His property was valued at $1.4M last year (for reference).
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Originally Posted by GS8 When I think about ewe, I touch myself | | |
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07-22-2018, 09:40 PM
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#12441 | | RS controls my life!
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Usually 2x to 3x of assessed value.
If his house is in the middle of the street he can ask more. If he's on the corner the developer can say F U.
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07-22-2018, 09:59 PM
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#12442 | | Need to Seek Professional Help
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Originally Posted by GS8 A friend of mine who lives in Burnaby said his street is being rezoned by the government and houses are slowly being bought out. My friend is choked as he bought his place 6 years ago and did at least $80,000 in renos and landscaping.
Looks like no one is safe from the rezone monster! | whereabouts in burnaby?
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07-22-2018, 10:23 PM
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#12443 | | It's like going crazy when you're already nuts
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Originally Posted by GS8 A friend of mine who lives in Burnaby said his street is being rezoned by the government and houses are slowly being bought out. My friend is choked as he bought his place 6 years ago and did at least $80,000 in renos and landscaping.
Looks like no one is safe from the rezone monster! | Family that lives across from my parents spent about 100k in a major reno before the BLNP was finalized. Based on what everyone else in the neighbourhood was offered they'll be walking away with an extra $1.5M in the bank over what they've put in including the initial purchase.
$80k is chump change when you win the land lottery for doing essentially nothing.
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07-22-2018, 10:35 PM
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#12444 | | I *heart* Revscene.net very Muchie
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Originally Posted by Sw0op whereabouts in burnaby? | Southridge area
I'm just a renter so I know nothing about these things. He told me this today and he's the type of person who bought a home to live in, raise a family and not chase money so yes it came as a shock to him.
The $80,000+ was only in materials. He and his dad did all the work themselves as a father / son project so I don't blame him for his reaction.
Oh and he does live on the corner.
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Originally Posted by GS8 When I think about ewe, I touch myself | | |
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07-22-2018, 11:14 PM
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#12445 | | RS has made me the bitter person i am today!
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Originally Posted by GS8 How does the buy out process work? His property was valued at $1.4M last year (for reference). | It depends on the density permitted.
Say if the density is increased 10x, his land can worth 10x in price in theory.
However, don't expect a developer to pay 10x the price. They have to make money somewhere after all.
If developer comes knocking on the door, I'd say go have a casual chat with them with no strings attached and see what's their proposal. If your friend likes it but isn't 100% satisfied, I'd hire a RE lawyer to help on the negotiation. (he'd likely hire one anyway if the deal goes through. Might as well start early.)
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07-22-2018, 11:19 PM
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#12446 | | RS.net, helping ugly ppl have sex since 2001
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Originally Posted by GS8 Southridge area
I'm just a renter so I know nothing about these things. He told me this today and he's the type of person who bought a home to live in, raise a family and not chase money so yes it came as a shock to him.
The $80,000+ was only in materials. He and his dad did all the work themselves as a father / son project so I don't blame him for his reaction.
Oh and he does live on the corner. | I get the not chasing money part and sure there are factors like oh you really loved the house or the neighborhood etc but shiet even if I spent 300k on renos if I'm getting 2-3 times assessed value I'm laughing all the way to the bank. I'm sure there might be momentary sadness but when you realize holy fuck how much did I just cash in I'm sure he'll be fine.
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07-22-2018, 11:28 PM
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#12447 | | Rs has made me the woman i am today!
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1.5 over assessed and one free condo 
just hope the developer doesn't go bankrupt
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07-23-2018, 01:31 AM
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#12448 | | To me, there is the Internet and there is RS
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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07-23-2018, 06:57 AM
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#12449 | | RS has made me the bitter person i am today!
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A friend who got bought out on oak got about 3x assessed.
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07-23-2018, 07:21 AM
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#12450 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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Originally Posted by Manic! | That's her problem having 3 kids. If you can't even afford to to have one kid why have 3? Her own fault.
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