| Vancouver Off-Topic / Current Events The 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. |
 | | 
11-05-2020, 02:54 PM
|
#16601 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2006 Location: Vancouver
Posts: 5,282
Thanked 2,938 Times in 1,255 Posts
Failed 45 Times in 25 Posts
|
Hey guys, I am thinking of selling my 2BR/2BA apartment and finding a larger townhome-type of dwelling, as my wife and I are thinking of starting a family within the next year or two. What do you think would be better - to hold and sell next year, or try to sell this year?
We would like to sell the apartment to use my equity in it as the downpayment for the next place, which we hope will be between 800k-1m. Currently the other apartments in the area (Marine Gateway) are around 800k, give or take 50k either way, and I expect to have about half of that as equity out of my apartment after fees and taxes and everything else is subtracted.
__________________ Quote:
Originally Posted by PeanutButter  Damn, not only is yours veiny AF, yours is thick AF too. Yours is twice as thick as mine.. That looks like a 2" or maybe even 3"? | | 
|  | |
11-05-2020, 02:56 PM
|
#16602 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Aug 2007 Location: Paradise, BC
Posts: 6,967
Thanked 6,702 Times in 2,705 Posts
Failed 255 Times in 141 Posts
|
You're already in a legally binding contract. There is absolutely zero benefit to you for signing the consent form. Why are you even considering it?
If the buyer backs out for whatever reason, he backs out of the transaction. At least you'd get to keep his deposit to mitigate your lost opportunity.
I'd just stay the course and wait it out until the deal closes. Quote:
Originally Posted by chinook79 I have a RE deal that's closing in just over a month and half. all subjects have been removed, and it's undeveloped land. Buyer is requesting us to sign consent form for city so that he can start working on getting permits to develop the land. The property was sold heavily discounted at more than 30% below assessed value. I have no legal obligation to sign the form other than good-will to help buyer get started working on the property.
The risk I can think of by signing consent form is that since buyer hasn't paid full price, there could be issue rising if he finds anything that may impact value of the land. There is no reason to believe that there is any issue with land, but since it has never been developed, it's not an impossible scenario.
Buyer already demanded lowering price once after offer has been accepted on the ground of extra work required than expected prior to removing their subject, and the deal almost broke off.
Would you be signing consent form in my case? | | |
| | |
11-05-2020, 03:01 PM
|
#16603 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Aug 2007 Location: Paradise, BC
Posts: 6,967
Thanked 6,702 Times in 2,705 Posts
Failed 255 Times in 141 Posts
| Quote:
Originally Posted by roastpuff Hey guys, I am thinking of selling my 2BR/2BA apartment and finding a larger townhome-type of dwelling, as my wife and I are thinking of starting a family within the next year or two. What do you think would be better - to hold and sell next year, or try to sell this year?
We would like to sell the apartment to use my equity in it as the downpayment for the next place, which we hope will be between 800k-1m. Currently the other apartments in the area (Marine Gateway) are around 800k, give or take 50k either way, and I expect to have about half of that as equity out of my apartment after fees and taxes and everything else is subtracted. | From the practicality point of view alone, I'd just get the selling and buying over with right now instead of waiting until next year. Once le wifey becomes preggers, everything can run the risk of becoming a lot more complicated and troublesome, and I am not even talking about the uncommon stuff.
Life isn't always 100% about money, and I'd say in your case, this would be one of those times to just get the housing stuff done and over with before moving on to the baby making stage.
| |
| | |
11-05-2020, 04:22 PM
|
#16604 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
^^ I agree too, get your shit straight, I know of people who had kids that went from one bed to two bed, then now they have to sell their two bed to get detached or semi detached. You lose so much just on realtor fees. Do it one time and do it right. Plus the stress of buying and selling, this is all within the last 3 years too, they just sold their 2 bed and took a loss. Just so they can close on their new place
| |
| | |
11-05-2020, 04:51 PM
|
#16605 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
Thanked 2,584 Times in 995 Posts
Failed 253 Times in 72 Posts
|
I like how people can casually hop from a 1 br into a 2br. Decide that isn't going to work and get a detached haha.
Everyone is so wealthy here.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
| |
| | |
11-05-2020, 05:06 PM
|
#16606 | | in the butt
Join Date: Aug 2016
Posts: 2,851
Thanked 3,590 Times in 1,314 Posts
Failed 170 Times in 93 Posts
|
Its all an illusion gerbs
Like instagramnz
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
| | |
| | |
11-05-2020, 05:08 PM
|
#16607 | | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,194
Thanked 3,028 Times in 1,396 Posts
Failed 58 Times in 33 Posts
| Quote:
Originally Posted by Gerbs I like how people can casually hop from a 1 br into a 2br. Decide that isn't going to work and get a detached haha.
Everyone is so wealthy here. | One can just take on more debt, debt is cheap(not that I recommend that). Let's say you have a two bed in Vancouver, you can probably go to a detached in Langley for a just bit more debt if you haven't maxed out.
| |
| | |
11-05-2020, 05:31 PM
|
#16608 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,048
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
|
The Killarney TH has sold for 882k.
| |
| | |
11-05-2020, 05:49 PM
|
#16609 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
The one I went to?
__________________
Dank memes cant melt steel beams
| |
| | |
11-05-2020, 06:05 PM
|
#16610 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,048
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
| Quote:
Originally Posted by Hondaracer The one I went to? | Yup!
| |
| | |
11-05-2020, 07:20 PM
|
#16611 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
__________________
Dank memes cant melt steel beams
| |
| | |
11-06-2020, 01:15 AM
|
#16612 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2006 Location: Vancouver
Posts: 5,282
Thanked 2,938 Times in 1,255 Posts
Failed 45 Times in 25 Posts
| Quote:
Originally Posted by Traum From the practicality point of view alone, I'd just get the selling and buying over with right now instead of waiting until next year. Once le wifey becomes preggers, everything can run the risk of becoming a lot more complicated and troublesome, and I am not even talking about the uncommon stuff.
Life isn't always 100% about money, and I'd say in your case, this would be one of those times to just get the housing stuff done and over with before moving on to the baby making stage. | Thanks! For sure, I'd like to avoid moving again when the bun goes in the oven. We will move and settle in first! Luckily I can stay with my parents for now so it will be easier to stage and sell the apartment, I just hate moving. Quote:
Originally Posted by JDMDreams ^^ I agree too, get your shit straight, I know of people who had kids that went from one bed to two bed, then now they have to sell their two bed to get detached or semi detached. You lose so much just on realtor fees. Do it one time and do it right. Plus the stress of buying and selling, this is all within the last 3 years too, they just sold their 2 bed and took a loss. Just so they can close on their new place | Thank goodness I'm already in the 2BR side of things - now looking to go 3+den or 4 bed. I'm lucky enough that I have a place to stay while selling and looking so no pressure to sell to close on another place.
__________________ Quote:
Originally Posted by PeanutButter Damn, not only is yours veiny AF, yours is thick AF too. Yours is twice as thick as mine.. That looks like a 2" or maybe even 3"? | | |
| | |
11-06-2020, 07:45 AM
|
#16613 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
^^ I looked into 3 or more bed apartments, basically it's not worth it as you're looking to buy the most expensive units. Strata is the highest as you have the largest unit, property tax is high, and you still only get one parking space and storage. More if you're real lucky. If you're looking for more than two beds just look into townhouses. Strata is half the cost, more space and property tax is similar and you get more private space
| |
| | |
11-06-2020, 07:47 AM
|
#16614 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
O and you don't have to deal with bs condo insurance rates, the townhouse insurance is like half the cost of a one bed condo
| |
| | |
11-06-2020, 08:07 AM
|
#16615 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 16,139
Thanked 3,839 Times in 1,397 Posts
Failed 141 Times in 80 Posts
| Quote:
Originally Posted by Gerbs I like how people can casually hop from a 1 br into a 2br. Decide that isn't going to work and get a detached haha.
Everyone is so wealthy here. | And with a baby on the way and presumably (one income earner losing a chunk of income), daycare expenses. I mean WTF, does everyone get an automatic raise when they announce they're pregnant?
| |
| | |
11-06-2020, 09:38 AM
|
#16616 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
^^ once you get your mortgage granted no one cares how you pay it. Given that mortgages are only granted up to about 40% of your combined income, even if half drops to zero. You should still be able to pay your mortgage. Once you have a kid you get more free money from the government plus mat leave pay. Unless you work at like mcdonald's, but then you wouldn't even be buying a one bed apartment if you worked min wage.
| |
| | |
11-06-2020, 10:15 AM
|
#16617 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,026
Thanked 2,538 Times in 1,155 Posts
Failed 81 Times in 54 Posts
| Quote:
Originally Posted by JDMDreams ^^ once you get your mortgage granted no one cares how you pay it. Given that mortgages are only granted up to about 40% of your combined income, even if half drops to zero. You should still be able to pay your mortgage. Once you have a kid you get more free money from the government plus mat leave pay. Unless you work at like mcdonald's, but then you wouldn't even be buying a one bed apartment if you worked min wage. | The Child Care Benefit sorta helps and a small portion of daycare fees can be tax deductible. However, the child care benefit is scaled to income, so most households buying $1M+ homes aren't really going to benefit from it much because the payments are small once income earners hit the 80K income level.
At the end of the day, one of the big reasons to pay daycare fees is to maintain/ increase your household income so that you can move up the property ladder.
| |
| | |
11-06-2020, 10:16 AM
|
#16618 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
Lol..that is a pretty tight wire to be walking..
I’m sure many people are in those situations but to me that would be stressful af
__________________
Dank memes cant melt steel beams
| |
| | |
11-06-2020, 10:24 AM
|
#16619 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
I've actually seen a few female co workers do this, have a kid, go on mat leave, their position and pay is protected. Come back work for few months, have another kid, mat leave pay again. So it's not like they are going broke. And most Asians have free home childcare by grandparents.
| |
| | |
11-06-2020, 11:07 AM
|
#16620 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,574
Thanked 3,781 Times in 1,345 Posts
Failed 83 Times in 42 Posts
| Quote:
Originally Posted by JDMDreams I've actually seen a few female co workers do this, have a kid, go on mat leave, their position and pay is protected. Come back work for few months, have another kid, mat leave pay again. So it's not like they are going broke. And most Asians have free home childcare by grandparents. | That's a big one, I wish I had that when my son was that age I probably would have had a second kid for sure. Getting my parents to babysit on a weekend night so my and I could go on a date kid free twice a year was like pulling teeth. At least he's old enough where we could leave him now.
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt 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. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
| | |
11-06-2020, 11:40 AM
|
#16621 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Apr 2004 Location: Vansterdam
Posts: 8,083
Thanked 1,819 Times in 944 Posts
Failed 85 Times in 24 Posts
| Quote:
Originally Posted by Gerbs I like how people can casually hop from a 1 br into a 2br. Decide that isn't going to work and get a detached haha.
Everyone is so wealthy here. | We almost fell into the trap of going the let's buy a starter place then upgrade later. At the time we had 1 kid and had plans on having a 2nd down the road but not soon. Looked at 2 bedroom condos as a starter place but after months and months of looking decided to stretch the budget and go all in on a 3 bed townhome. Thank god we did, we have 2 now and everyone has their own room and we have enough space in theory to last us for some years to come.
__________________
"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
| |
| | |
11-06-2020, 11:56 AM
|
#16622 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
Thanked 2,584 Times in 995 Posts
Failed 253 Times in 72 Posts
| Quote:
Originally Posted by EvoFire One can just take on more debt, debt is cheap(not that I recommend that). Let's say you have a two bed in Vancouver, you can probably go to a detached in Langley for a just bit more debt if you haven't maxed out. | My friends that just bought had to max out + put 20 - 35% downpayment, their mortgages are around $400-500k. They felt like there's nothing they can do about it if they wanted to buy at the moment within Van and Burnaby. They're also buying 2010+ condos, nor looking for the best value.
Means I gotta keep finding ways to increase income and make more money 
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
| |
| | |
11-06-2020, 12:06 PM
|
#16623 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
Thanked 2,584 Times in 995 Posts
Failed 253 Times in 72 Posts
|
I withdrew most of my money from ETFs at the end of 2019 because I planned to buy a 1br condo sometime in the next 3 years.
Recently, I don't know if that's the best idea. Two bedrooms have a better $/sqft value. Maybe I should just keep saving away for a 2br? I plan to live in a condo for another 8 years at least. Since I don't plan to have kids till I'm like 32+
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
| |
| | |
11-06-2020, 12:11 PM
|
#16624 | | Wunder? Wonder?? Wander???
Join Date: Jan 2012 Location: gvrd
Posts: 201
Thanked 118 Times in 53 Posts
Failed 5 Times in 2 Posts
|
3 years! Nothing should surprise me anymore but is it sitting in a .5% savings account waiting? Could you not left it 'invested' until you purchase?
| |
| | |
11-06-2020, 12:23 PM
|
#16625 | | RS Veteran
Join Date: Dec 2001 Location: GTA
Posts: 29,844
Thanked 11,520 Times in 4,710 Posts
Failed 440 Times in 282 Posts
|
I think his S2000 is doing better than his ETFs 
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | | |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 04:10 AM.
|
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!
The banners on the left side and below do not show for registered users!
