REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!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!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

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.

Reply
 
Thread Tools
Old 11-21-2020, 07:03 PM   #16801
Where's my RS Christmas Lobster?!
 
Join Date: Jan 2002
Location: Vancouver
Posts: 803
Thanked 481 Times in 133 Posts
Failed 14 Times in 3 Posts
Quote:
Originally Posted by Matsuda View Post
I had to evict a nightmare tenant. It was a pain in the ass. Ever since then, I hired a company to manage the place so I wouldn't have to get calls at 2am from strata asking me to deal with the tenant. It's been good for the past few years now
What kind of stuff was the tenant doing?
Advertisement
mr00jimbo is offline   Reply With Quote
Old 11-21-2020, 07:04 PM   #16802
It's like going crazy when you're already nuts
 
jing's Avatar
 
Join Date: Aug 2005
Posts: 5,910
Thanked 3,068 Times in 795 Posts
Failed 90 Times in 38 Posts
If you overpaid for a property from the get go however it'll take a lot longer to break even or turn a profit. I've seen some recent sales taking $50-100k losses compared to when they bought in 2016/2017 not accounting for commissions.
__________________
my feedback
jing is online now   Reply With Quote
Old 11-22-2020, 12:29 AM   #16803
I answer every Emotion with an emoticon
 
6793026's Avatar
 
Join Date: Apr 2004
Location: BC, HK, USA
Posts: 7,536
Thanked 2,439 Times in 1,028 Posts
Failed 166 Times in 73 Posts
Quote:
Originally Posted by Y2K_o__o View Post
2 bedroom are still mid 700K.. What an average family can afford to rent is roughly $2200.....

How can landlord breakeven with mortgage, strata, insurance, property tax...? especially these concrete strata is like $400 a month..?
I ask this question to my realtor buddy a lot.. he just says "there are a lot of rich people in Van, what makes you think he needs to break even".
6793026 is offline   Reply With Quote
This post thanked by:
Old 11-22-2020, 02:09 PM   #16804
Rs has made me the man i am today!
 
Doubl3_H's Avatar
 
Join Date: Dec 2003
Location: Cnd
Posts: 3,077
Thanked 299 Times in 72 Posts
Failed 8 Times in 8 Posts
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
__________________
,___,
[O.o]....O'Rly?
/)__)
-"--"-
Doubl3_H is offline   Reply With Quote
Old 11-22-2020, 02:18 PM   #16805
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,995
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
Been hearing sub 2% from most places. 1.9x, 1.89 etc
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 11-22-2020, 02:19 PM   #16806
i like gifs
 
Ch28's Avatar
 
Join Date: Dec 2001
Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
Failed 4,294,967,295 Times in 169 Posts
Quote:
Originally Posted by Doubl3_H View Post
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
1.68% 5 year fixed through our mortgage broker.
Ch28 is offline   Reply With Quote
This post thanked by:
Old 11-22-2020, 02:23 PM   #16807
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,995
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
Damn eh.. might have to fast track my renewal..
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 11-22-2020, 03:04 PM   #16808
Rs has made me the man i am today!
 
Join Date: Mar 2011
Location: Vancouver
Posts: 3,067
Thanked 2,918 Times in 1,251 Posts
Failed 68 Times in 28 Posts
1.71% 5 year variable with TD. Just renewed last month. Broker could only get me 1.8% so just renewed with my existing bank.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
supafamous is offline   Reply With Quote
This post thanked by:
Old 11-22-2020, 03:17 PM   #16809
To me, there is the Internet and there is RS
 
underscore's Avatar
 
Join Date: Apr 2007
Location: Okanagan
Posts: 16,798
Thanked 9,482 Times in 4,138 Posts
Failed 429 Times in 227 Posts
Damn that's low, I'm not up for another 19 months
__________________
1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed]
Quote:
Originally Posted by maksimizer View Post
half those dudes are hotter than ,my GF.
Quote:
Originally Posted by RevYouUp View Post
reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
Quote:
Originally Posted by Good_KarMa View Post
OH thank god. I thought u had sex with my wife. :cry:
underscore is offline   Reply With Quote
Old 11-22-2020, 03:24 PM   #16810
Rs has made me the woman i am today!
 
EvoFire's Avatar
 
Join Date: Mar 2006
Location: Vancouver
Posts: 4,298
Thanked 3,104 Times in 1,439 Posts
Failed 58 Times in 33 Posts
1.7% with TD 5 year variable. I think it's going to drop again and wanted it follow the rate.
EvoFire is online now   Reply With Quote
Old 11-22-2020, 03:53 PM   #16811
Rs has made me the man i am today!
 
Doubl3_H's Avatar
 
Join Date: Dec 2003
Location: Cnd
Posts: 3,077
Thanked 299 Times in 72 Posts
Failed 8 Times in 8 Posts
Decent, looking at 1.71 with coast.

Now fixed or variable?
__________________
,___,
[O.o]....O'Rly?
/)__)
-"--"-
Doubl3_H is offline   Reply With Quote
Old 11-22-2020, 06:09 PM   #16812
14 dolla balla aint got nothing on me!
 
Join Date: Nov 2006
Location: Vancouver
Posts: 635
Thanked 71 Times in 40 Posts
Failed 13 Times in 8 Posts
Quote:
Originally Posted by Doubl3_H View Post
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
Just renewed mine with HSBC 5-year variable @ 1.79%
__________________
 
 
My Buyer / Seller Rating
http://www.revscene.net/forums/60152...o-6-0-0-a.html
Y2K_o__o is offline   Reply With Quote
Old 11-22-2020, 06:41 PM   #16813
Need my Daily Fix of RS
 
Join Date: Oct 2018
Location: Vancouver
Posts: 277
Thanked 312 Times in 117 Posts
Failed 0 Times in 0 Posts
We recently locked down and placed the initial down payment for a pre-sale townhouse that will be completed by late 2022 (probably early 2023 with delays).

Is there any way to lock in a mortgage now so that we can take advantage of the <1.9% rates? Or do we have to wait until 120 days before completion date?
cafe22 is offline   Reply With Quote
Old 11-22-2020, 07:15 PM   #16814
My homepage has been set to RS
 
Join Date: Mar 2004
Location: East Van
Posts: 2,160
Thanked 854 Times in 422 Posts
Failed 22 Times in 18 Posts
I was trying to figure out if it made sense to refinance at today's lower rates. We are currently locked in at 2.64 with 24 months to go. Doesn't seem to make sense once you add in the penalty.
Liquid_o2 is offline   Reply With Quote
Old 11-22-2020, 07:24 PM   #16815
RS has made me the bitter person i am today!
 
Hehe's Avatar
 
Join Date: Dec 2002
Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
Failed 627 Times in 199 Posts
Quote:
Originally Posted by 6793026 View Post
I ask this question to my realtor buddy a lot.. he just says "there are a lot of rich people in Van, what makes you think he needs to break even".
You'd be sorely mistaken if you think the riches can just kiss their money goodbye as it were nothing.

Up until now, they didn't care about the rent/cost because the return between the purchase vs selling a few years down would more often than not cover any of those expenses.

Even for Chinese buyers who just wanted a way to get money out of China and store it somewhat have a limit on how much they are willing to lose to get that money out. Because there are other alternatives without having to lose that much.

IMO, in the short term, the condo market is done. Many overpriced projects near completion are selling at loss or near it, sometimes beyond what they paid in deposit because those buyers can't afford to close.
__________________
Nothing for now
Hehe is offline   Reply With Quote
Old 11-22-2020, 07:31 PM   #16816
My dinner reheated before my turbo spooled
 
Ludepower's Avatar
 
Join Date: Jan 2008
Location: Vancouver
Posts: 1,738
Thanked 939 Times in 308 Posts
Failed 206 Times in 75 Posts
Quote:
Originally Posted by Doubl3_H View Post
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
1.55% variable...3 years left on this mortgage. Always choose variable.

Quote:
Originally Posted by Hehe View Post
You'd be sorely mistaken if you think the riches can just kiss their money goodbye as it were nothing.

Up until now, they didn't care about the rent/cost because the return between the purchase vs selling a few years down would more often than not cover any of those expenses.

Even for Chinese buyers who just wanted a way to get money out of China and store it somewhat have a limit on how much they are willing to lose to get that money out. Because there are other alternatives without having to lose that much.

IMO, in the short term, the condo market is done. Many overpriced projects near completion are selling at loss or near it, sometimes beyond what they paid in deposit because those buyers can't afford to close.
Ok genie. Heard that before!
Ludepower is offline   Reply With Quote
This post thanked by:
Old 11-22-2020, 07:59 PM   #16817
14 dolla balla aint got nothing on me!
 
Xu.Vi's Avatar
 
Join Date: May 2011
Location: vancouver
Posts: 643
Thanked 842 Times in 203 Posts
Failed 17 Times in 12 Posts
1.68% variable for 5 years at BMO during their black Friday last week.
Xu.Vi is offline   Reply With Quote
Old 11-22-2020, 09:09 PM   #16818
in the butt
 
donk.'s Avatar
 
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
Failed 170 Times in 93 Posts
2.54 (5year fix) 3 years ago prop1 rbc
2.34 (5year fix) 6 months ago prop2 rbc
__________________
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.

donk. is online now   Reply With Quote
Old 11-22-2020, 09:33 PM   #16819
Rs has made me the woman i am today!
 
EvoFire's Avatar
 
Join Date: Mar 2006
Location: Vancouver
Posts: 4,298
Thanked 3,104 Times in 1,439 Posts
Failed 58 Times in 33 Posts
Quote:
Originally Posted by cafe22 View Post
We recently locked down and placed the initial down payment for a pre-sale townhouse that will be completed by late 2022 (probably early 2023 with delays).

Is there any way to lock in a mortgage now so that we can take advantage of the <1.9% rates? Or do we have to wait until 120 days before completion date?
You are probably still good into 2022, BoC released that they don't plan on raising rates until 2023. Obviously that's not set in stone but it doesn't look like covid's effects would be gone until at least end of 2021, and it'll take some time to recover from there.
EvoFire is online now   Reply With Quote
Old 11-24-2020, 07:31 AM   #16820
I answer every Emotion with an emoticon
 
6793026's Avatar
 
Join Date: Apr 2004
Location: BC, HK, USA
Posts: 7,536
Thanked 2,439 Times in 1,028 Posts
Failed 166 Times in 73 Posts
Quote:
Originally Posted by Hehe View Post

Up until now, they didn't care about the rent/cost because the return between the purchase vs selling a few years down would more often than not cover any of those expenses.

Even for Chinese buyers who just wanted a way to get money out of China and store it somewhat have a limit on how much they are willing to lose to get that money out. Because there are other alternatives without having to lose that much.
Hm...the other perspective is more along the lines of collecting cars; you have about 1 vintage, 1 collectors, 2 supercars, 1 SUV, 3 daily drivers beaters... does it matter if any one of these cars just went down in value (book or not) and / or interest rates went down... not really.

yes, those who are using it as leverage.. diff story.
6793026 is offline   Reply With Quote
Old 11-24-2020, 10:25 AM   #16821
RS Veteran
 
bcrdukes's Avatar
 
Join Date: Dec 2001
Location: GTA
Posts: 29,940
Thanked 11,635 Times in 4,760 Posts
Failed 440 Times in 282 Posts
Quote:
Originally Posted by Ch28 View Post
1.68% 5 year fixed through our mortgage broker.
wow, where did you buy? Details!
__________________
Quote:
Originally Posted by BIC_BAWS View Post
I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off.
Quote:
Originally Posted by EvoFire View Post
But fuck that exterior is like dating integra girl
bcrdukes is offline   Reply With Quote
Old 11-24-2020, 12:36 PM   #16822
Old School RS
 
lowside67's Avatar
 
Join Date: May 2004
Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
Quote:
Originally Posted by Doubl3_H View Post
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
We just switched my clients from RBC to BMO at 1.69% on a 5-year plus $3,000 cash incentive.

-Mark
__________________
I'm old now - boring street cars and sweet race cars.
lowside67 is offline   Reply With Quote
This post thanked by:
Old 11-24-2020, 12:37 PM   #16823
linguistic ninja
 
CivicBlues's Avatar
 
Join Date: Aug 2001
Location: Vancouver, BC
Posts: 16,196
Thanked 3,912 Times in 1,421 Posts
Failed 141 Times in 80 Posts
Quote:
Originally Posted by bcrdukes View Post
wow, where did you buy? Details!
My guess? Nowhere, ch28 still trying to time the market

prove me wrong ol' boy, prove me wrong
__________________
http://www.en.wikipedia.org

Still a card carrying member of the SFC :)
CivicBlues is offline   Reply With Quote
Old 11-24-2020, 05:35 PM   #16824
Willing to sell a family member for a few minutes on RS
 
hotjoint's Avatar
 
Join Date: Feb 2005
Location: Surrey
Posts: 12,759
Thanked 689 Times in 376 Posts
Failed 61 Times in 38 Posts
Quote:
Originally Posted by Doubl3_H View Post
What's everyone's mortgage rates? If anyone's willing to share, lowest rate.
1.49% 5 year fixed, non insured through a monoline (private) lender. Had to put 25% down on our $600,000 townhouse to get it though. I would never go with a big bank, they charge way too much if you have to break your mortgage for any reason and screw you when it comes times for renewals also majority of them have bonafide sales clauses in the policies as well. I give props to people that go with the big banks because you're throwing away money IMO when you can get a much lower rate through a private lender with way more options (prepayments, renewals, breaking the mortage, refinancing etc..)

I'm seeing 1.39% 5 year fixed being offered through the same lender now

https://forums.redflagdeals.com/offi...thread-351105/

The brokers here on redflagdeals get you the lowest rates possible. They post replies and updates daily and are very easy to reach via PM.

Last edited by hotjoint; 11-24-2020 at 05:41 PM.
hotjoint is offline   Reply With Quote
This post thanked by:
Old 11-24-2020, 09:35 PM   #16825
I contribute to threads in the offtopic forum
 
m4k4v4li's Avatar
 
Join Date: Apr 2007
Location: AB
Posts: 2,777
Thanked 234 Times in 96 Posts
Failed 113 Times in 59 Posts
a lot of banks are offering cash incentives to offset the penalties though

I only have 2 years left before renewal, is it worth it to re-finance ?
m4k4v4li is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 07:33 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net