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10-05-2013, 10:35 AM
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#1301 | | I contribute to threads in the offtopic forum
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Originally Posted by Gridlock  4444...I think what he's saying is the 2800 makes sense TO THE OWNER as he takes his mortgage and his strata and prop tax and bundles it up to $2600, and he adds $200 because he's a property owner dammit and he's entitled to profit and makes a rental price of $2800.
Probably based on 5 or 10 % down too. | Exactly, he's doing a 'it costs me x, I'll charge y' - a cost plus approach.
Unfortunately he'll only be able to rent it for what the market will pay, and unless they get someone born yesterday, it will rent for $2k max (well, I wouldn't pay a penny more than $1800, but I'm about 10% cheap)
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10-05-2013, 11:11 AM
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#1302 | | Banned By Establishment
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That is my fear...having to pay out for someone else to run my place into the ground.
This person could be looking at upwards of $1000 per month in subsidy.
$12,000 a year.
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10-05-2013, 11:34 AM
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#1303 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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| Quote:
Originally Posted by Gridlock That is my fear...having to pay out for someone else to run my place into the ground.
This person could be looking at upwards of $1000 per month in subsidy.
$12,000 a year. | Welcome to the stupidity of Canadian real estate. My landlord has owned since new, 17 or so years, so I know his costs are waaaaaay lower than a new purchaser (hence how I could negotiate less than market rent - helps when ur a suit and tie and give him 12 cheques on the spot) - had he bought in the last 2 years, he'd be paying about $700 a month in expense, not including principal repayment, for me to live here, all whilst value has decrased.
I respect my landlord, buys at reasonable rates, plans to hold forever, effectively, and is ok getting less than market rate to keep a good, long term tenant - exactly my approach for my rental properties - I'll give up $100 a month to have good tenants that look after my houses for multiple years.
Anyone that buys today to rent out is a crackhead, or likes negative cash flow
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10-05-2013, 03:05 PM
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#1304 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Dec 2003 Location: vancouver, B.C.
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Originally Posted by Gridlock ^^I tried looking up what you could buy it for, but couldn't find a 1 bed in the building for sale.
There is a 2 bedroom just a tick under 1 million.
I've never actually lived in a new condo. I rented one once, but it was just a normal little one. Do people actually use the amenity rooms? Gym yes, I get that but like the media room. Do I actually sit there and watch a movie? Study room?
Seems a little too communal for my taste. I didn't live in a dorm for the same reason.
Do any of the condo dwellers here actually use the shit they pay for? | Don't quote me on this but from what I recall walking into the sales center, those units were going for about 530-550k for a 2 BR (or was it a 1BR?). About a 100k premium compared to a new unit at the Ora tower down the road. The sales guy tried to justify it based on prestige that you can tell your friends you are living waterfront, "Coal Harbour Richmond".
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10-05-2013, 05:55 PM
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#1305 | | I told him no, what y'all do?
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when you looked at the guy after he said "coal harbour richmond"...was his face like this? 
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity | Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat
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10-05-2013, 09:24 PM
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#1306 | | Banned By Establishment
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Coal Harbour in Richmond, haaaave you met the new Yaletown in Whalley?
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10-06-2013, 09:14 AM
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#1307 | | I told him no, what y'all do?
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can't call it a harbour...if there's no harbour and it's a dike/swamp/marsh 
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity | Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat
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10-06-2013, 09:44 AM
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#1308 | | I Will not Admit my Addiction to RS
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speaking of Richmond... friend's newly built 2013 sfh in Richmond
land 15,000 sqft
5800 sqft
5 bed 6 bath
built by european/caucasian contractors
22 ft ceilings
premium built
dual kitchens
asking only 2.68 mil  | |
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10-06-2013, 10:06 AM
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#1309 | | Banned By Establishment
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It's both subtle, and understated.
Next time, could they take some High Def pictures to distort reality?
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10-06-2013, 10:44 AM
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#1310 | | Head Moderator
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Originally Posted by Gululu speaking of Richmond... friend's newly built 2013 sfh in Richmond
land 15,000 sqft
5800 sqft
5 bed 6 bath
built by european/caucasian contractors
22 ft ceilings
premium built
dual kitchens
asking only 2.68 mil | They seriously had to write that? 
Does that mean every subcontractor who came through the house was also a caucasion of European descent? Or just the GC?
And, sorry... that place is pretty damn gaudy.
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10-06-2013, 10:51 AM
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#1311 | | Banned By Establishment
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I thought that too, lol!
ITS COOL, MAN. IT WAS BUILT BY WHITE PEOPLE! | |
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10-06-2013, 11:11 AM
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#1312 | | Banned By Establishment
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So it was built by white people...um, who designed it?
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10-06-2013, 12:31 PM
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#1313 | | Willing to sell body for a few minutes on RS
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Originally Posted by Lomac They seriously had to write that?
Does that mean every subcontractor who came through the house was also a caucasion of European descent? Or just the GC?
And, sorry... that place is pretty damn gaudy. | I had a meeting two weeks back with a large global contractor you would all know, you see there signs everywhere. It was a scope meeting to award a job to our company, they came out in the meeting and asked us what kind of tradesmen they could expect on the job if they awarded it to us and they weren't talking about qualifications they were talking about nationality. How do you even answer that question? I'm not going to say what contractor it was, we do work for them quite a bit.
They had just finished another similar project and they had a ton of Safety and quality issues with the other guys, they ended up using us and we were not the low bidder.
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10-06-2013, 01:18 PM
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#1314 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
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Originally Posted by quasi I had a meeting two weeks back with a large global contractor you would all know, you see there signs everywhere. It was a scope meeting to award a job to our company, they came out in the meeting and asked us what kind of tradesmen they could expect on the job if they awarded it to us and they weren't talking about qualifications they were talking about nationality. How do you even answer that question? I'm not going to say what contractor it was, we do work for them quite a bit.
They had just finished another similar project and they had a ton of Safety and quality issues with the other guys, they ended up using us and we were not the low bidder. | I'm just going to point out the pink elephant here. (On what some people believe) - it's stereotypical but hey, stereotypes have some ounce of truth in them.
Asians/punjabi (brown) have poor build quality.
White/European have higher build quality, don't cheap out on materials.
Or it's like what I heard in China, have a white person on your company = success.
So why wouldn't you want to buy a house made by a white person?
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10-06-2013, 04:01 PM
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#1315 | | My homepage has been set to RS
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Maybe they are just concerned about workers safety?
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10-06-2013, 04:29 PM
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#1316 | | Banned By Establishment
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Originally Posted by subordinate in China, have a white person on your company = success. | Yeah, we're like a lucky rabbits foot.
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10-06-2013, 04:32 PM
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#1317 | | My homepage has been set to RS
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Its more for face.
For contracts, deals. Its a real thing.
Posted via RS Mobile | |
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10-06-2013, 04:34 PM
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#1318 | | resident Oil Guru
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Originally Posted by Gridlock Yeah, we're like a lucky rabbits foot. | Yeah, a white guy to the negotiation table works wonders.
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10-06-2013, 06:35 PM
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#1319 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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Originally Posted by Gridlock Yeah, we're like a lucky rabbits foot. | as long as it's a white rabbit
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity | Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat
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10-06-2013, 06:44 PM
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#1320 | | I subscribe to the Fight Club ONLY
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Originally Posted by subordinate
Asians/punjabi (brown) have poor build quality.
White/European have higher build quality, don't cheap out on materials.
| A few years back we got a new roof done thru Sears.
$19,000 plus change.
It was a Indian boss with 7 Mexicans working for him that he jammed into his F350.
As part of the contract, a roofing inspector was to inspect once the job was done.
His report highlighting deficiencies ran 19 pages long. | |
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10-06-2013, 06:47 PM
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#1321 | | My homepage has been set to RS
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Originally Posted by Gululu speaking of Richmond... friend's newly built 2013 sfh in Richmond
land 15,000 sqft
5800 sqft
5 bed 6 bath
built by european/caucasian contractors
22 ft ceilings
premium built
dual kitchens
asking only 2.68 mil | That is an amazing house......in van, you would get a really nice Vancouver special!!!
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10-06-2013, 06:50 PM
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#1322 | | My homepage has been set to RS
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Originally Posted by Volvo-brickster A few years back we got a new roof done thru Sears.
$19,000 plus change.
It was a Indian boss with 7 Mexicans working for him that he jammed into his F350.
As part of the contract, a roofing inspector was to inspect once the job was done.
His report highlighting deficiencies ran 19 pages long. | First mistake was calling Sears lol.
Sears likely outsources these things.
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10-06-2013, 07:00 PM
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#1323 | | Wanna have a threesome?
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Originally Posted by subordinate First mistake was calling Sears lol.
Sears likely outsources these things. | Sears does outsource; Home Depot and Rona do as well.
The vetting process is totally non-sensical, I would not suggest anyone use them.
Last edited by MindBomber; 10-06-2013 at 09:40 PM.
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10-06-2013, 09:38 PM
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#1324 | | Revscene.net has a homepage?!
Join Date: Jan 2013 Location: Richmond
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Originally Posted by Gululu speaking of Richmond... friend's newly built 2013 sfh in Richmond
land 15,000 sqft
5800 sqft
5 bed 6 bath
built by european/caucasian contractors
22 ft ceilings
premium built
dual kitchens
asking only 2.68 mil | I found your listing. V1028095, 9620 PINEWELL CR, Richmond, British Columbia $ V7A2C8
Comparing it to other propertieS:
Yes, like dinosaur said, it is gaudy.
Almost all new builds over $1.5 mill, that feature 3 car garages are gaudy.
They basically have the same concept and "exude" good quality workmanship, at least, the parts that can be seen.
It appeals to a certain market...
Concept:
big open foyer
double kitchens
Sometimes, an in-law suite (not legal)
Big frontal lawn/paved tiles
Small backyard
Open second floor with railings, looking down the front or the back of the inside of the house
Lots of granite, sometimes marble... NO quartz.
Basically, it's for the buyer to show off...
In reality, all these houses basically look the same, with the same concept and same "craftsmanship", etc.
The difference is the location.
Now, I'm just giving out my opinions with some facts.
The seller is asking for $2.68.
Its location is not that good, but the seller had to buy 2 lots and combine it to make this house.
It is in the "east" side of Richmond.
He could have combined the 2 lots and split it into 3 lots and built 3 houses at the $900k range.
So, $2.68 is a relatively "average" price, if you could believe.
Compare it to the "west" side which is usually No. 3 Road and west.
A $2.68 million NEW house is usually only 3,700 sq. footage on a 7,000 to 10,000 sq. feet lot, in Richmond West.
So, the listing here, is priced right, but not sure if it can sell at this market.
Richmond has been appreciating much faster than Vancouver in the last few years.
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The main points I wanted to make are:
1- The new houses over $1.5 basically look the same using the same concept.
2- There are no architectural signifcance when you compare a similar house at a similar price point.
3- The only differences are the location, paint job outside, colour of tiles, etc.
4- It is actually priced right, believe it or not based on lot size, sq. footage inside, location, and the fact it is brand spanking new.
5- However, how long it takes to sell it is another different matter... There will be a lot of price markdowns or "re-listings"...
6- For $2.68 million, you could get a much better location in West Van in a much better neighbourhood, a slightly larger lot size, a house with architectural significance with obvious differences (you won't be buying a house that is the same as a neighbour's house)... Of course, it won't be brand-new, but it is probably renovated thoroughly.
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10-06-2013, 10:11 PM
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#1325 | | Banned By Establishment
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AND
The buyer needs to have CASH.
Can't get mortgage insurance over 1 million, so it needs to be 20% down. So the buyer needs to present 1/2 million to buy.
Significantly lowers your buying pool.
BTW...excellent assessment!^^Placid.
And do we have enough realtors on the case? 4 from different companies. $10,000 in commission each...on a 2.68 million house. Ballin!
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