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09-15-2020, 07:47 PM
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#16351 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Mar 2005 Location: Coquitlam
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A four-plex was recently built in my area, 3 of the 4 are sold. https://www.rew.ca/properties/283457...erty_click=map
3 levels per unit, with a yard and single garage for 1 mil. each
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09-15-2020, 08:09 PM
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#16352 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
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Developers and the RE industry are enjoying this announcement. This is going to drive up the price of land even further.
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09-15-2020, 08:51 PM
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#16353 | | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,297
Thanked 3,103 Times in 1,438 Posts
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Originally Posted by cdizzle  | I saw it go up, I live in the area too. It's insane imo. I rather a TH or condo with two parking. If all 4 of those units have 2 cars then it's fucked for everyone on the block.
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09-15-2020, 09:18 PM
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#16354 | | Waxin’ Punks
Join Date: Jun 2006 Location: South Surrey
Posts: 7,217
Thanked 6,101 Times in 2,111 Posts
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| Quote:
Originally Posted by Alpine Developers and the RE industry are enjoying this announcement. This is going to drive up the price of land even further. | Anyone owning a vancouver special should be excited. The neighborhood I’m in is strongly opposed to rezoning. I’m not. The lots in my area are anywhere between 8000-20,000sqft. If a developer offered me 2-3x what I think my place is worth, I’m signing the dotted line.
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If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
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09-15-2020, 09:48 PM
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#16355 | | I subscribe to Revscene
Join Date: May 2001 Location: Vancouver
Posts: 1,980
Thanked 181 Times in 66 Posts
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Originally Posted by punkwax Anyone owning a vancouver special should be excited. The neighborhood I’m in is strongly opposed to rezoning. I’m not. The lots in my area are anywhere between 8000-20,000sqft. If a developer offered me 2-3x what I think my place is worth, I’m signing the dotted line. | 8000-20,000 sq ft? in Vancouver!?
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09-15-2020, 09:56 PM
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#16356 | | Waxin’ Punks
Join Date: Jun 2006 Location: South Surrey
Posts: 7,217
Thanked 6,101 Times in 2,111 Posts
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No. I’m between Ocean Park and White Rock in south Surrey. My lot is a little over 13,000sqft with lane access. I’d sell in a heartbeat if the opportunity ever arose.
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If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
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09-15-2020, 10:11 PM
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#16357 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
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My lot and the two adjacent are primeeeeee candidates for this. Wonder how they will go about awarding the initial zoning
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Dank memes cant melt steel beams
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09-20-2020, 05:00 PM
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#16358 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
Thanked 235 Times in 92 Posts
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What's hot in Presales/Condos this week? Still going fast again with low rates. Heck even Kelowna's going fast.
Kelowna
Bertram @ Bernard Block (Kelowna) presale. $800-1000
$240K for 350-400ft micro units.
About 30% sold first weekend I'm told, surprised to hear it's that fire!
Richmond
Richmond Center by SHAPE starting soon. $1100/ft or about $500's for 1BR (450ft) to start
Paramount by comparison nice bargain
Brentwood
Lumina - Alpha/Waterfall completion Oct 2020 doing some buying on fire sale deals.
ie. 20% walking away from $150-200k deals
$660k for 780ft + parking. could be a good deal for primary users
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09-20-2020, 10:41 PM
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#16359 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
Posts: 9,635
Thanked 7,688 Times in 2,580 Posts
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Does anybody know anything about the developer Qualico? My in-laws are considering buying a new build from them in Surrey, dunno if they are shady or not: http://foxridgehomesbc.com/
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | |
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09-20-2020, 10:51 PM
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#16360 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
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The CoV move is so stupid. It just going to turn CoV as a place where no one wants to live in. What kind of fucked up luxury is that when one lives with another 4-5 households?
They keep addressing the problem by focusing on the problem and not the cause.
The cause is speculation. You kill speculation, everything would become affordable.
How to kill speculation? Easy... 100% capital gain tax on RE for first 5yrs (with some exception for developments), and then go down gradually like 5% a year for the next 20 (since the common mortgage is based on 25yrs).
This way, you kill 100% speculation and leave only people who genuinely want to call Vancouver their home to buy into this market.
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Nothing for now
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09-20-2020, 11:43 PM
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#16361 | | 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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| Quote:
Originally Posted by Hehe The CoV move is so stupid. It just going to turn CoV as a place where no one wants to live in. What kind of fucked up luxury is that when one lives with another 4-5 households?
They keep addressing the problem by focusing on the problem and not the cause.
The cause is speculation. You kill speculation, everything would become affordable.
How to kill speculation? Easy... 100% capital gain tax on RE for first 5yrs (with some exception for developments), and then go down gradually like 5% a year for the next 20 (since the common mortgage is based on 25yrs).
This way, you kill 100% speculation and leave only people who genuinely want to call Vancouver their home to buy into this market. | What if someone dies, gets a divorce or gets a job in another city? Also I have 2 mortages that are on 15 year terms.
If anyone needs a good real estate agent. 
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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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09-21-2020, 01:21 AM
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#16362 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
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.......... not sure why any man would admit that in public... sounds like he liked watching or something
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09-21-2020, 08:56 AM
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#16363 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,580
Thanked 3,789 Times in 1,349 Posts
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| Quote:
Originally Posted by Manic! What if someone dies, gets a divorce or gets a job in another city? Also I have 2 mortages that are on 15 year terms.
If anyone needs a good real estate agent. | Lol, my brother in laws inlaws used a realtor to sell their house and shortly after they are getting divorced and his MIL is dating the realtor.
It happens 
__________________
“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 | |
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09-21-2020, 09:21 AM
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#16364 | | My homepage has been set to RS
Join Date: Apr 2004 Location: Vancouver
Posts: 2,288
Thanked 1,437 Times in 565 Posts
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People date in the workplace, people date clients they meet in any field (despite HR rules, company policy etc etc). I am not surprised at this at all.
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09-21-2020, 09:44 AM
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#16365 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,034
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| Quote:
Originally Posted by sonick Does anybody know anything about the developer Qualico? My in-laws are considering buying a new build from them in Surrey, dunno if they are shady or not: http://foxridgehomesbc.com/ | Foxridge has built a lot of detached homes on Burke Mountain. It might be worth having your in-laws go to open houses in that area to see how they have aged over the past 5-10 years.
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09-21-2020, 08:26 PM
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#16366 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
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Originally Posted by Manic! What if someone dies, gets a divorce or gets a job in another city? Also I have 2 mortages that are on 15 year terms. | Not sure how my proposal affects anything.
If one has to sell, they sell and they will get every cent they put in back. It's only the capital gain that gets taxed. If no profit is made, no tax.
The purpose for such policy is not to punish homeowners, only to get rid of those who are in for a quick buck.
Say during the period of 2008-2016... you buy a RE and didn't have to do anything... you just kept it there and the price went up by 150%... what value did anyone add to it? nothing. And other than making it harder for those who want to call Vancouver home actually able to do that, we created no substantial value.
Shelter is basic human need, it should never had been a commodity for people to speculate upon. It creates all sort of social problems.
It's not going to be a popular policy... but it will get rid of our housing crisis for good. IMHO, as a person who call GVR home, a worthy tradeoff.
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Nothing for now
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09-21-2020, 10:47 PM
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#16367 | | RS controls my life!
Join Date: Nov 2012 Location: YVR
Posts: 799
Thanked 565 Times in 290 Posts
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anyone remember how much presales at concord pacific the arc went for? quite a bit of listings in that condo.
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09-22-2020, 07:59 AM
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#16368 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
Posts: 9,635
Thanked 7,688 Times in 2,580 Posts
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| Quote:
Originally Posted by Tapioca Foxridge has built a lot of detached homes on Burke Mountain. It might be worth having your in-laws go to open houses in that area to see how they have aged over the past 5-10 years. | Thanks for the tip!
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | |
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09-22-2020, 09:11 AM
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#16369 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
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| Quote:
Originally Posted by noclue anyone remember how much presales at concord pacific the arc went for? quite a bit of listings in that condo. | If I recall the cost of a 2-bedroom is the equivalent of buying a detached in East Vancouver. Don't quote me since it's been awhile lol
Last edited by Euro7r; 09-22-2020 at 12:00 PM.
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09-22-2020, 10:15 AM
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#16370 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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| Quote:
Originally Posted by noclue anyone remember how much presales at concord pacific the arc went for? quite a bit of listings in that condo. | I think $500 to 550k starting for the studios from when I last looked. I saw a unit sell for low $600s with parking spot on the sold history in the last year.
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09-22-2020, 12:03 PM
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#16371 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,419
Thanked 9,503 Times in 2,450 Posts
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Originally Posted by noclue anyone remember how much presales at concord pacific the arc went for? quite a bit of listings in that condo. | I bought presale1 bedroom for $550k with parking and sold it for $725k. Glad I got it before the influx of listings.
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09-22-2020, 12:07 PM
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#16372 | | I contribute to threads in the offtopic forum
Join Date: Aug 2002 Location: Vancouver
Posts: 2,641
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Anyone know a good place to bridge the gap on strata water damage deductible? Ours went from 50k to 250k. We already have condo insurance with BCAA but they only cover a max of 100k. Looking for a place that can bridge the gap for the other 150k which will probably cost more than our BCAA coverage ffs. This is fucking insane for condo owners. Some shady shit happening with strata insurance companies?
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09-22-2020, 12:09 PM
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#16373 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
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| Quote:
Originally Posted by BlackV62K2 Anyone know a good place to bridge the gap on strata water damage deductible? Ours went from 50k to 250k. We already have condo insurance with BCAA but they only cover a max of 100k. Looking for a place that can bridge the gap for the other 150k which will probably cost more than our BCAA coverage ffs. This is fucking insane for condo owners. Some shady shit happening with strata insurance companies? | Have you been living under a rock for the past year? https://www.rebgv.org/news-archive/w...increases.html https://www.westerninvestor.com/news...oar-1.24091768 https://vancouversun.com/business/ex...surance-crisis | |
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09-22-2020, 12:11 PM
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#16374 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
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| Quote:
Originally Posted by Hehe Not sure how my proposal affects anything.
If one has to sell, they sell and they will get every cent they put in back. It's only the capital gain that gets taxed. If no profit is made, no tax.
The purpose for such policy is not to punish homeowners, only to get rid of those who are in for a quick buck.
Say during the period of 2008-2016... you buy a RE and didn't have to do anything... you just kept it there and the price went up by 150%... what value did anyone add to it? nothing. And other than making it harder for those who want to call Vancouver home actually able to do that, we created no substantial value.
Shelter is basic human need, it should never had been a commodity for people to speculate upon. It creates all sort of social problems.
It's not going to be a popular policy... but it will get rid of our housing crisis for good. IMHO, as a person who call GVR home, a worthy tradeoff. | Quote:
Originally Posted by Harvey Specter I bought presale1 bedroom for $550k with parking and sold it for $725k. Glad I got it before the influx of listings. |  | |
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09-22-2020, 12:11 PM
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#16375 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 6,878
Thanked 2,838 Times in 802 Posts
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| Quote:
Originally Posted by BlackV62K2 Anyone know a good place to bridge the gap on strata water damage deductible? Ours went from 50k to 250k. We already have condo insurance with BCAA but they only cover a max of 100k. Looking for a place that can bridge the gap for the other 150k which will probably cost more than our BCAA coverage ffs. This is fucking insane for condo owners. Some shady shit happening with strata insurance companies? | I'm curious, what's your building like? Age, claims history, and do you happen to know how much your strata premium increased by?
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