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03-07-2020, 06:42 PM
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#15351 | | I STILL don't get it
Join Date: Jun 2005 Location: Vancouver
Posts: 491
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Not sure if I can post listing here
If not, please delete
Open House tomorrow!! https://www.pixilink.com/148514#mode=0 | 
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03-07-2020, 07:25 PM
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#15352 | | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
Posts: 14,997
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| Quote:
Originally Posted by cdizzle  Wife was interested so we took a look at this place. It's still under construction; there are three showrooms to preview (which will eventually be sold).
While the layout is subjective, the build quality was not impressive. Tiles visibly not aligned, wall angled out on one end.. | Quote:
Originally Posted by CRS I've driven by this multiple times and it looks okay from the outside.
What really sketched me out one day was during construction, one of the signal/traffic control women was straight up a meth user.
Although the neighbourhood has significantly diversified over the years, the idea that there are no gates/walls is a bit concerning for theft. | Looks like they hired from the same group of people.
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03-08-2020, 03:26 PM
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#15353 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
Thanked 235 Times in 92 Posts
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Originally Posted by blkgsr I'm using a broker....he's pushing the scotia 2.89 rate with the HELOC and lumping my truck in | Just met with Prem Services yesterday at HSBC and friend is staff so they see all the rates. Even employee rate isn't as low as the promo on now.
2.49% 5 year fixed is the promo now. HSBC is notoriously harder to qualify out of the big banks but get the best rates.
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03-08-2020, 03:32 PM
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#15354 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
Thanked 235 Times in 92 Posts
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BoC and rest of world cutting rates should only mean more funds to yielding real estate (rentals), properties in general, and yes, even presales.
Was away last week in Toronto - saw a few new presales. BC has it good for quality and lower amenity fees. $0.60-0.75/ft are not outrageous there.
600ft per month would be paying as high as $400+ in strata fees and $600+ in 2BR cases. insane.
Toronto is colder/denser, and quality is even worse. There's a joke there in industry: decent condo is one where the walls at least are straight. Not very high bars...
If you think BC markets are overheated, friends say in Toronto lately if you got a presales spot/unit, you'd essentially made 10-20% immediately (on paper). Yeah... we've seen that before :/ https://www.theglobeandmail.com/inve...for-mortgages/ | |
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03-08-2020, 07:14 PM
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#15355 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Jun 2014 Location: Antarctica
Posts: 179
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So we just sold our place in February, before the housing started heating up again. We're looking at a new place and it seems like prices are up and hovering around 2018s assessed value. The economy seems a little uncertain with coronavirus and the fluctuations with the stock market. Should I wait for the market to cool down again (if it does)? What would you guys do?
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03-08-2020, 11:19 PM
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#15356 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
Posts: 21,878
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If it's your primary residence, find the best place you can afford. If you can afford to wait, go for it but know there are no guarantees in this market. It also depends how long you plan to live there for.
We sold, rented for 9 months, then bought. The main factor was to have better buying power, not having a subject to sale, on our offer. We wanted to move to a better neighborhood.
__________________ feedback
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 RSUV #7 | |
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03-09-2020, 12:35 AM
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#15357 | | My homepage has been set to RS
Join Date: May 2001 Location: New Westminster
Posts: 2,339
Thanked 357 Times in 165 Posts
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You're playing with fire if you try to time the market.
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03-09-2020, 07:37 AM
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#15358 | | I contribute to threads in the offtopic forum
Join Date: Oct 2008 Location: Van604
Posts: 2,928
Thanked 2,283 Times in 632 Posts
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^ this, and I agree with the couple of replies above as well...
It really depends on
- If this is your primary residence
- How long you are planning to stay there
Me and my wife bought in pretty high? (not at the highest thank god), but it didnt really matter to us as much, we wanted to get into the correct neighborhood for my kids' school.
We bought the best place we could afford within the Burnaby Buckingham area, my daughter was 4 yrs old at the time, now she's grade 2, and my son is starting kindergarten this coming September (finally only one location drop off/pick up for both kids hahaha).
Yea, since it is our only residence, it honestly doesn't matter if the value goes up or down, its not like we are gonna move anytime soon anyways. I told my wife, that when the time comes (like once my son grads HS, so in 13 years), our value will only go up, so yea...
Best of luck OP!
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03-09-2020, 10:47 AM
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#15359 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
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^^^ Same here.
The next move will be to an acreage, with a long driveway, 2k sqft craftsman with a wrap-around veranda and a big-ass red barn, for my toys. That's the dream, anyways.
__________________ feedback
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 RSUV #7 | |
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03-09-2020, 12:10 PM
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#15360 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,680
Thanked 772 Times in 387 Posts
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| Quote:
Originally Posted by JDMStyo Just met with Prem Services yesterday at HSBC and friend is staff so they see all the rates. Even employee rate isn't as low as the promo on now.
2.49% 5 year fixed is the promo now. HSBC is notoriously harder to qualify out of the big banks but get the best rates. | MCAP who I'm with now, mailed me an offer for 2.59% so i called and left a message with the person on the letter. Just got off the phone with her now and she's dropped it to 2.49%
Waiting to talk to someone in their other department about a prodcut that allows for a HELOC
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03-09-2020, 06:52 PM
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#15361 | | Where's my RS Christmas Lobster?!
Join Date: Jan 2002 Location: Vancouver
Posts: 803
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Just got a condo, woooo. It's 12 years old now, the strata fee is a little on the higher side almost 400 (1000 square feet) includes gas, hot water, management.
Now that the deal is finalized...I'm starting to think about the strata fees...it went up like 60 bucks from last year to this. How much can they possibly keep going up? I mean, there has to be a point where people can no longer afford it.
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03-09-2020, 07:13 PM
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#15362 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
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That's one reason I'm kinda shying away from condos at the moment. I've personally been seeing 10% increases year over year for strata fees with no extra services being provided. + The thing where stratas wanting sky high insurance deductibles that you can't even buy coverage for.  so I'm really not sure what's gonna happen with that. You're at least paying $350 for a 600sq for maintenance
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03-09-2020, 08:31 PM
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#15363 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2002 Location: Vancouver
Posts: 8,348
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$0.40 a sq/f is pretty average.
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03-09-2020, 08:46 PM
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#15364 | | Need to Seek Professional Help
Join Date: Mar 2004 Location: Vancouver
Posts: 1,098
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Congratulations on your purchase. Im just curious though... what kind of amenities do you have? it just seemed a little high for a 12 year old condo..
Also, Our strata fees went up by 50% starting this year..  Quote:
Originally Posted by mr00jimbo Just got a condo, woooo. It's 12 years old now, the strata fee is a little on the higher side almost 400 (1000 square feet) includes gas, hot water, management. . |
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03-09-2020, 10:08 PM
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#15365 | | My homepage has been set to RS
Join Date: May 2001 Location: New Westminster
Posts: 2,339
Thanked 357 Times in 165 Posts
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| Quote:
Originally Posted by iambuRnz Congratulations on your purchase. Im just curious though... what kind of amenities do you have? it just seemed a little high for a 12 year old condo..
Also, Our strata fees went up by 50% starting this year.. | You must be in a new build...
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03-09-2020, 11:22 PM
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#15366 | | I subscribe to the Fight Club ONLY
Join Date: Aug 2007 Location: Paradise, BC
Posts: 7,045
Thanked 6,792 Times in 2,747 Posts
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| Quote:
Originally Posted by mr00jimbo Now that the deal is finalized...I'm starting to think about the strata fees...it went up like 60 bucks from last year to this. How much can they possibly keep going up? I mean, there has to be a point where people can no longer afford it. | Given how much of an insurance premium hike strata property insurance has been, a $60 increase doesn't seem out of line...
Congrats on the purchase though.
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03-10-2020, 07:17 AM
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#15367 | | Where's my RS Christmas Lobster?!
Join Date: Jan 2002 Location: Vancouver
Posts: 803
Thanked 481 Times in 133 Posts
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| Quote:
Originally Posted by iambuRnz Congratulations on your purchase. Im just curious though... what kind of amenities do you have? it just seemed a little high for a 12 year old condo..
Also, Our strata fees went up by 50% starting this year.. | Gas, hot water, maintenance. NG fireplace which is really nice.
From the minutes, it seems they do a lot of maintenance from the fees without the need for big special assessments.
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03-11-2020, 09:31 AM
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#15368 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 6,878
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$.40 per square foot is totally normal strata fee. When you get into the $0.50 and $0.60 range, then you have reason to be concerned.
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03-11-2020, 03:16 PM
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#15369 | | My homepage has been set to RS
Join Date: Aug 2002 Location: AB/BC
Posts: 2,224
Thanked 1,207 Times in 386 Posts
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Originally Posted by mr00jimbo Gas, hot water, maintenance. NG fireplace which is really nice.
From the minutes, it seems they do a lot of maintenance from the fees without the need for big special assessments. | When are you converting your car to natural gas?
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03-11-2020, 03:23 PM
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#15370 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,539
Thanked 7,708 Times in 3,623 Posts
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Originally Posted by sdubfid When are you converting your car to natural gas? | First, he has to make some kind of complicated system that takes heat from his fireplace and sends it to his bedroom at night.
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03-11-2020, 04:04 PM
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#15371 | | I *heart* Revscene.net very Muchie
Join Date: Jan 2002 Location: Ottawa
Posts: 3,526
Thanked 724 Times in 283 Posts
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Originally Posted by Manic! First, he has to make some kind of complicated system that takes heat from his fireplace and sends it to his bedroom at night. | I'm sorry, but CharlesInCharge is RevScene's version of Elon Musk. So, leave the R&D to him please.
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03-11-2020, 04:04 PM
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#15372 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
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Originally Posted by Manic! First, he has to make some kind of complicated system that takes heat from his fireplace and sends it to his bedroom at night. | this made me LOL. I wish i could thank this a thousand times, ahhahahaha.
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
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03-11-2020, 08:48 PM
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#15373 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
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I have a couple investment condos that I might put up for sale. Seems like a good time to sell, market is hot and rates are down. With so much going on with the virus and markets I think it's a good time to hoard cash and take the wait and invest approach.
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03-12-2020, 11:11 AM
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#15374 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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Do you guys think the stock market will affect the real estate market?
Most people have their downpayment out of the market since the holding period is so short, so it shouldn't affect it as much?
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03-12-2020, 11:57 AM
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#15375 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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The virus and its economic fallout are going to bankrupt and financially cripple millions of people.
Yes it will affect the real estate market.
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