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Vancouver Off-Topic / Current EventsThe 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.
This is what happens when you buy into pre sales with the intention of selling before closing. There is always a clause in your contract with the developers that they can deny any reassigments (unless is to a relatives or something like that) they wish. And they also get a cut from your reassigments.
So I’ve been trying to do a bit of research about the whole tswassen mills area being developed for homes. I did get this email back from one of the developers
Quote:
Hi Ian,
Tsawwassen Landing is built on leasehold land. The lease is pre-paid for 99 years by the developer, meaning the lease cannot change for it's duration.
Please let me know if you have any further questions.
Regards,
So there’s the final answer. The only pro’s I’ve found so far is that my wife and I can never afford an actual detached home normally. This is a certain option. Also as the owner of the home, you are allowed to rent out as you please. So at some point the house could be rented out for most of the mortgage cost. It’s time the wife and I start thinking of our 20 year plan.
I’m trying to learn, I’ve been reading a lot of articles and just learning the differences between freehold and leasehold. I found an interesting article from Kelowna
Something else that makes West Harbour unique is their Legacy Fund, which they have created to help ease concerns regarding what happens at the end of the lease. For each home purchased, West Harbour invests $5,000 into a fund which is transferable with homeownership. If the market performs similarly over the next 99 years as it has in the past, then whoever owns the home in year 99 should have access to roughly $3.4 million that they can use to renegotiate the lease or use as they please.
"The Legacy Fund is a brilliant way to protect the value of the land and give buyers peace of mind," said Czekus. "With each home purchase, our developer deposits $5,000 into an investment fund. This investment, over the period of 99 years, will grow into a substantial amount of money, so when the lease comes up for renewal the buyers will have the funds to do that. Or, if the community decides not to do so, they will be able to take that money and invest in a home elsewhere."
So this is a pretty damn cool idea. I’m no mathematician, but say 300 homes investing 5k each on a low risk portfolio over 99 years? Sounds fairly sound to me. So theoretically you could sell the home on year 98, and it should sell for around $3m since whoever owns the land can get that capital.
Cool idea. Will be worth inquiring about in Tsawwassen
I'm finally going to try and sell, hits MLS tomorrow. We're looking for something with a yard. Guess we'll see if I'm able to sell in a reasonable time.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa
A missed opportunity in the neighborhood we wanted to move into, sparked us to sell last fall. Prices were dropping around 10k/month at the time. We priced aggressively, staged well and managed to cash out. Been renting a basement suite for the last 7 months, waiting for the market to soften a bit more and finally closed on a place a couple of weeks ago. Should suit our needs for the next 7-10 years or until we save up enough for an acreage, where I can have some room to stretch.
Originally posted by v.b. can we stop, my pussy hurts... Originally posted by asian_XL fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol Originally posted by Fei-Ji haha i can taste the cum in my mouth Originally posted by FastAnna when I was 13 I wanted to be a video hoe so bad
A missed opportunity in the neighborhood we wanted to move into, sparked us to sell last fall. Prices were dropping around 10k/month at the time. We priced aggressively, staged well and managed to cash out. Been renting a basement suite for the last 7 months, waiting for the market to soften a bit more and finally closed on a place a couple of weeks ago. Should suit our needs for the next 7-10 years or until we save up enough for an acreage, where I can have some room to stretch.
....the shit we do for our kids
Congrats! Whereabouts did you buy?
And yes... I completely agree about tthe kids part lol
A missed opportunity in the neighborhood we wanted to move into, sparked us to sell last fall. Prices were dropping around 10k/month at the time. We priced aggressively, staged well and managed to cash out. Been renting a basement suite for the last 7 months, waiting for the market to soften a bit more and finally closed on a place a couple of weeks ago. Should suit our needs for the next 7-10 years or until we save up enough for an acreage, where I can have some room to stretch.
....the shit we do for our kids
Back in the Fall of 2015, my wife and I had taken a chance on selling our Surrey detached home first before entering into a deal to purchase our next home. We had wanted to move to Burnaby/Vancouver and felt that we could easily sell our Surrey home so we took a bit of a risk by selling, renting then looking before buying.
LOL... we found a 4-bedroom rental that suited our needs but also knew that the landlord was in the process of demolishing. It was literally a game of who will provide who notice first.
It was a tenuous four months but it worked out great. When we found the Burnaby townhouse we wanted, we were ready to jump on the deal with a quick close and already had our down payment and financing in order.
Congrats on your purchase and I'm happy to hear that your short-term tenancy worked out for you.
And yes... I completely agree about tthe kids part lol
Thanks guys.
Citadel Heights, in PoCo. My gf and I were born and raised in East Van. We had a brief discussion on if we'd ever move back, if the opportunity presented itself. I think we're at a point where we appreciate the space, in the burbs, more than the convenience in the city. Plus all our daughter's activities are in the area and it's a 2 minute walk to her school.
Originally posted by v.b. can we stop, my pussy hurts... Originally posted by asian_XL fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol Originally posted by Fei-Ji haha i can taste the cum in my mouth Originally posted by FastAnna when I was 13 I wanted to be a video hoe so bad
Hi Fliptuner congratulations on your new place! I am in Citadel Heights about 1 block from Castle Park elementary school. Citadel Heights is a great area for a young family! Where abouts are you located?
By the way we still love going to Vancouver on the weekends and with all the new highway 1 improvements we usually can drive to downtown in less than 30 minutes. As far as real estate goes I think Citadel Heights is a hidden gem that is undervalued compared to most other places in the lower mainland.
Last edited by spacemanrick; 04-15-2019 at 10:10 PM.
Haha. Same. A block up from the school. I've been down the hill for the last 15 years or so.
When you mention PoCo to people who live West, they generally have no real idea where it is lol. It's literally, the furthest East you can go, without crossing a bridge but easier to get to than Coquitlam Centre. 1 bus ride to Braid or Coquitlam SkyTrain and right by the WCE. Also, several routes to commute West, by car. 15-20 mins to get to Langley via Golden Ears or Port Mann.
Originally posted by v.b. can we stop, my pussy hurts... Originally posted by asian_XL fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol Originally posted by Fei-Ji haha i can taste the cum in my mouth Originally posted by FastAnna when I was 13 I wanted to be a video hoe so bad
It's literally, the furthest East you can go, without crossing a bridge but easier to get to than Coquitlam Centre. 1 bus ride to Braid or Coquitlam SkyTrain and right by the WCE. Also, several routes to commute West, by car. 15-20 mins to get to Langley via Golden Ears or Port Mann.
You're right, that area is in a perfect location. You're close to the highway system, but far enough away from the noise. You're surrounded by parks and only a few minutes away from amenities. The only real negative is that you're view is basically Surrey
Down from $5M, 2 years ago. Lease the 7AC for ALR tax break. Rent out the great hall for weddings (westopher can cater, we have photogs on standby), golf course across the street, has a fountain, island and a bridge. We could start an RS religion and get more tax breaks. The possibilities are endless!!!!
Originally posted by v.b. can we stop, my pussy hurts... Originally posted by asian_XL fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol Originally posted by Fei-Ji haha i can taste the cum in my mouth Originally posted by FastAnna when I was 13 I wanted to be a video hoe so bad
Haha. Same. A block up from the school. I've been down the hill for the last 15 years or so.
When you mention PoCo to people who live West, they generally have no real idea where it is lol. It's literally, the furthest East you can go, without crossing a bridge but easier to get to than Coquitlam Centre. 1 bus ride to Braid or Coquitlam SkyTrain and right by the WCE. Also, several routes to commute West, by car. 15-20 mins to get to Langley via Golden Ears or Port Mann.
You got that right. I take the last exit before the Pitt meadows bridge. You probably save 10 minutes even from where I am. We were told to avoid Citadel from locals when we moved this way. I never did know why. Seems like a great spot. Congrats!
Down from $5M, 2 years ago. Lease the 7AC for ALR tax break. Rent out the great hall for weddings (westopher can cater, we have photogs on standby), golf course across the street, has a fountain, island and a bridge. We could start an RS religion and get more tax breaks. The possibilities are endless!!!!
It takes a village, people!!! Lol
Damn, nice place for sure.
But after so many years of cutting grass, trimming trees and fixing culverts, I want to simplify.
when the kids grow up, I'm thinking west end...... where I can bike to the beach, eat pie at true confections, and watch the homos at the pride parade mere blocks from my retirement pad
My parents may move from their half acre in surrey to the west end after retirement. They lived there a long time ago and I think are looking for the same thing just the chill vibe with all amenities at your finger tips etc.
I never really understood the whole Vancouver snob thing prior to living here. When I lived in Burnaby none of my wife’s friends etc would ever come to our parties or wouldn’t even venture out for dinner etc. now that I live in Vancouver though I completely understand it lol. Most of my friends still live in Surrey and I hardly ever see them anymore because I’m not driving out to surrey in the evening lol..especially when everything you need is within a walk I think I may be able to even get by without a vehicle if I had to. Outside of needing a truck for your typical dump/Home Depot runs.
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Dank memes cant melt steel beams
I still refuse to go out and eat dinner if I have to go downtown or take transit or deal with traffic. Fuck em’ lol
Werd, I don't think I've gone downtown for leisure in almost 10 years... lol... I'll go if I'm attending some conference but I stay away.... don't like crowds...
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
Sounds like maybe RS should just setup a retirement community. We could do the whole shared garage with lift access thing and do track days together.
Interesting tho that the westend does have alot of old people there. Wont be as nice when the hospital moves but....
Down from $5M, 2 years ago. Lease the 7AC for ALR tax break. Rent out the great hall for weddings (westopher can cater, we have photogs on standby), golf course across the street, has a fountain, island and a bridge. We could start an RS religion and get more tax breaks. The possibilities are endless!!!!
It takes a village, people!!! Lol
That's actually a really good idea renting it out for weddings.
50 cent just sold his 52 bedroom mansion for 2.9 million. He was paying 70K a month for maintenance. Crazy how cheap some places are in the states.
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!
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