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 02-02-2014, 12:30 PM   #1801
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
Quote:
Originally Posted by SupraMan604 View Post
I predict prices will go up this year. With the new property assessment out and being "stable" as the assessment board puts it people will come back into the market. The pent up demand from the slowdown in late 2012 and early 2013 is already making a comeback in the last quarter of 2013 going to spring of 2014. With the government announcement that they will not change the prime lending rate for at least another year rates will remain low and FI's have already started dropping their mortgage rates in competition for the mortgage business for the busiest time of the year coming up. I have been watching the housing market closely in Vancouver and Burnaby and prices have slowly been creeping up. House horniness is back

Disclaimer: I am not a realtor or work for the RE board
Normally i would agree with you that low rate is very good for RE but rates are low because of a slow economy. US will most likely raise rates before Canada which is something unimaginable just a year ago. BC's own employment growth has been pretty lousy as of late because of some fundamental problems. It might be good that we can ship our Nat gas to Asia but the full benefits of exporting this energy won't be felt for years. So I really don't see any catalyst that could convince me price would rise this year or next. In fact, I see a lot more downside risk for RE.
Advertisement
Carl Johnson is offline   Reply With Quote
Old 02-02-2014, 01:45 PM   #1802
RS controls my life!
 
Join Date: Nov 2012
Location: YVR
Posts: 799
Thanked 565 Times in 290 Posts
Failed 64 Times in 21 Posts
I heard it's still hard to sell a home over assessment. Especially those dreamers in surrey/langley who think their 6000sqft house is worth $400K over.

That said I think realtors sending you mail urging you to sell your home with their "marketing" program are a waste of time and goes straight into the recycling bin. Seriously what are you going to do except take photos and put it on MLS.
noclue is offline   Reply With Quote
Old 02-02-2014, 02:15 PM   #1803
Proud to be called a RS Regular!
 
Join Date: Jun 2006
Location: Vancouver
Posts: 135
Thanked 81 Times in 27 Posts
Failed 1 Time in 1 Post
Quote:
Originally Posted by noclue View Post
I heard it's still hard to sell a home over assessment. Especially those dreamers in surrey/langley who think their 6000sqft house is worth $400K over.

That said I think realtors sending you mail urging you to sell your home with their "marketing" program are a waste of time and goes straight into the recycling bin. Seriously what are you going to do except take photos and put it on MLS.
Older houses in surrey at 3000sqft sell easily for 400-500k and have been for years... 6000sqft newer homes will easily sell for 700k+ depending on location. A 4050sqft home near my parent's house just sold for 650k. I don't know what you mean by dreamers
Posted via RS Mobile
aznkev03 is offline   Reply With Quote
Old 02-02-2014, 02:39 PM   #1804
RS controls my life!
 
Join Date: Nov 2012
Location: YVR
Posts: 799
Thanked 565 Times in 290 Posts
Failed 64 Times in 21 Posts
Quote:
Originally Posted by aznkev03 View Post
Older houses in surrey at 3000sqft sell easily for 400-500k and have been for years... 6000sqft newer homes will easily sell for 700k+ depending on location. A 4050sqft home near my parent's house just sold for 650k. I don't know what you mean by dreamers
Posted via RS Mobile
I meant by $400K over assessment
noclue is offline   Reply With Quote
Old 02-02-2014, 02:53 PM   #1805
Proud to be called a RS Regular!
 
Join Date: Jun 2006
Location: Vancouver
Posts: 135
Thanked 81 Times in 27 Posts
Failed 1 Time in 1 Post
Quote:
Originally Posted by noclue View Post
I meant by $400K over assessment
Ah, my mistake. In that case I completely agree. Please disregard.

The home that sold was very similar in design and age (same builders) as my parents', so if the assessment is similar, it sold right around the same as the assessed value.

On a side note though, assessment for my parents' as well as a friend of theirs' home had dropped by a bit this year.
Posted via RS Mobile
aznkev03 is offline   Reply With Quote
Old 02-02-2014, 10:41 PM   #1806
Everyone wants a piece of R S...
 
StutteR_'s Avatar
 
Join Date: Jul 2010
Location: -
Posts: 366
Thanked 561 Times in 146 Posts
Failed 40 Times in 13 Posts
Quote:
Originally Posted by noclue View Post

That said I think realtors sending you mail urging you to sell your home with their "marketing" program are a waste of time and goes straight into the recycling bin. Seriously what are you going to do except take photos and put it on MLS.
I totally agree with you. What makes a good realtor is his/her ability to price a home well and convince the home owners that their home is not worth what they think it is. Also knowing when to list a place is important, the right timing is key.

Negotiation is important too, if you can't negotiate, good luck with being a realtor. But other than that, most mail-outs/advertisements are a lie.

Side note: Some of us actually do more than take photos and put it on MLS ...and play the waiting game.
StutteR_ is offline   Reply With Quote
Old 02-02-2014, 10:51 PM   #1807
RS.net, helping ugly ppl have sex since 2001
 
sonick's Avatar
 
Join Date: Oct 2005
Location: Revscene
Posts: 9,636
Thanked 7,688 Times in 2,580 Posts
Failed 434 Times in 126 Posts
Quote:
Originally Posted by noclue View Post
That said I think realtors sending you mail urging you to sell your home with their "marketing" program are a waste of time and goes straight into the recycling bin. Seriously what are you going to do except take photos and put it on MLS.
Even worse, many of them are downright liars.

A few months ago I got one of these "for homeowner ONLY" letters I got from a realtor, where the realtor touted "Homes like THESE in your area sold recently!" with pictures of the homes she supposedly recently sold.

However, upon closer inspection one of the photos that she used was actually a picture of MY apartment that MY landlord had recently tried to sell and posted to MLS but did not sell.
__________________
Quote:
Originally Posted by skyxx View Post
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
sonick is offline   Reply With Quote
Old 02-03-2014, 05:21 PM   #1808
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Failed 76 Times in 29 Posts
Even if prices dont go up or down, I just hope the number of transactions decline. Weed out the bad realtors. Too many realtors these days that don't really know the market and are not adding value and are just trying to make a quick buck. Less transactions = less commision money for realtors.
iEatClams is offline   Reply With Quote
Old 02-03-2014, 08:15 PM   #1809
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
Quote:
Originally Posted by iEatClams View Post
Even if prices dont go up or down, I just hope the number of transactions decline. Weed out the bad realtors. Too many realtors these days that don't really know the market and are not adding value and are just trying to make a quick buck. Less transactions = less commision money for realtors.
you mean to tell me that UBC Sauder Real Estate Division is just printing out these licensing course papers with no regards for the applicants competencies? no way...
Carl Johnson is offline   Reply With Quote
Old 02-03-2014, 09:10 PM   #1810
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Failed 76 Times in 29 Posts
Dude Sauder Real estate division is a joke (sauder is kinda a joke itself but that's another story). It's known in the Real estate industry that most of the course assignments and questions are just re-hashed. Just borrow it from a friend that took it before and 70% of the questions are the same. They dont even try to change up the answers. So yes you have a license and all, but when anyone with a heartbeat can pass it, that's when you have soo many realtors.

worst part is UBC wont do anything because they want the $$$ from tuition and course fees etc.
iEatClams is offline   Reply With Quote
Old 02-03-2014, 09:23 PM   #1811
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Don't know how this will play out in the long term but in the short term, prices should continue to rise for SFH.

East side vancouver homes, at an attractive location and price (as in asking is 10% above assessment lol, IE. 2200sqft Vancouver Specials asking for ~850 but assessed for <800) are literally on the market for days. I've been in constant communication with my realtor and houses that we've been tracking are offered on and accepted days after being on the market. The best homes don't even make it a week before it is offered on, average selling price is 95% of the asking.

Honestly, rates don't matter, employment stats don't matter, debt to income ratios don't matter. Nothing local, regional or national matters. All you need to do is talk to realtors, talk to notaries, talk to builders and you will learn just how much money (CASH) is out there.
Alpine is offline   Reply With Quote
Old 02-03-2014, 10:09 PM   #1812
reads most threads with his pants around his ankles, especially in the Forced Induction forum.
 
Mr.HappySilp's Avatar
 
Join Date: Mar 2004
Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
Failed 929 Times in 340 Posts
Quote:
Originally Posted by iEatClams View Post
Even if prices dont go up or down, I just hope the number of transactions decline. Weed out the bad realtors. Too many realtors these days that don't really know the market and are not adding value and are just trying to make a quick buck. Less transactions = less commision money for realtors.
LOL so true. I went to a pre sale for friends and family for an apartment I want to purchase. The real estate agent that did the agreement keep making noobie mistakes.....

First he put the wrong price on the agreement (I was looking an another unit and just casually asking the price for that and he put that price in the agreement not the one I was going to purhcase). So when I was wiring the cheque for the deposit the number were wrong so I took a look and notice this mistake.

Second he forgot to ask me about purchasing a locker so I have to ask him to come back (he was with another buyer already) and re do my agreement for the 2nd time becasue I wanted a locker. So I have to write him another cheque and re do the agreement.

Third I should get a 2% discount and he didn't factor that in (Again good thing I stay longer to crunch the numbers again........). Yup have to re do the agreement again and re write another deposit cheque.....

Well at least he apolgizes and I got a bottle of wine as a gift..... but just image if I didn't check the agreement and re do all the numbers myself I could have lost a lot of money and potential miss out on getting a locker. I seen people who haven been in the industry (miss_crayon's dad for example) who are clam and experienced and explain everything in details and actually offer good advice.
Mr.HappySilp is offline   Reply With Quote
Old 02-03-2014, 10:21 PM   #1813
Head Moderator
 
Lomac's Avatar
 
Join Date: Dec 1982
Location: Great White Nor
Posts: 22,661
Thanked 6,462 Times in 2,081 Posts
Failed 98 Times in 51 Posts
Quote:
Originally Posted by Mr.HappySilp View Post
I seen people who haven been in the industry (miss_crayon's dad for example) who are clam and experienced and explain everything in details and actually offer good advice.
Yup. Those clam realtors are the ones you really want.

Lomac is offline   Reply With Quote
This post thanked by:
Old 02-03-2014, 11:27 PM   #1814
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
Quote:
Originally Posted by Alpine View Post
Don't know how this will play out in the long term but in the short term, prices should continue to rise for SFH.

East side vancouver homes, at an attractive location and price (as in asking is 10% above assessment lol, IE. 2200sqft Vancouver Specials asking for ~850 but assessed for <800) are literally on the market for days. I've been in constant communication with my realtor and houses that we've been tracking are offered on and accepted days after being on the market. The best homes don't even make it a week before it is offered on, average selling price is 95% of the asking.

Honestly, rates don't matter, employment stats don't matter, debt to income ratios don't matter. Nothing local, regional or national matters. All you need to do is talk to realtors, talk to notaries, talk to builders and you will learn just how much money (CASH) is out there.
it doesn't matter until it does right? gotcha.
Carl Johnson is offline   Reply With Quote
Old 02-04-2014, 08:24 AM   #1815
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,680
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
thoughts on selling my house in coquitlam....rough idea:

- 2000 sq ft house a few blocks north east of coquitlam center (just in from guildford and pipeline)
- 3 bedroom, 2 bathrooms (3/1 + 2/1 if tenant suite rented)
- single car garage
- quiet neighborhood, close to transit etc etc
- brand new kitchen (quality cabinets, tile and high end GE ss appliances)
- full custom bathroom done 2 years ago
- nicely redone downstairs bathroom (tenants bathroom if suite rented out)
- newly rebuild deck with french doors from kitchen (and french doors from the basement to exterior)
- 1 year old furnace
- laminate flooring throughout house
- new paint and light fixtures throughout house
- second kitchen downstairs (which would be the tenants area if rented)

looking at MLS today there's not many/any houses in my direct area to compare but it's not looking like prices are anything special right now compared to what they were when i bought 3.5 years ago

i'm going away for a year and was planning on renting it out (rent covering my mortgage and costs for the year) but i'm thinking on just selling and being free and clear of owning the house, i just want to make sure all my reno's/upgrades and costs to take are atleast covered
blkgsr is offline   Reply With Quote
Old 02-05-2014, 09:55 AM   #1816
RS.net, helping ugly ppl have sex since 2001
 
sonick's Avatar
 
Join Date: Oct 2005
Location: Revscene
Posts: 9,636
Thanked 7,688 Times in 2,580 Posts
Failed 434 Times in 126 Posts
CTV did a 2-part report on Rent vs Buy:

CTV Vancouver: Rent or buy: which is cheaper? | CTV Vancouver News
Vancouver housing dilemma: Is it better to rent or buy? | CTV Vancouver News

CTV Vancouver: Renting a home | CTV Vancouver News
Why renting a home instead of buying may boost your bottom line | CTV Vancouver News
__________________
Quote:
Originally Posted by skyxx View Post
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
sonick is offline   Reply With Quote
Old 02-05-2014, 10:27 AM   #1817
Everyone wants a piece of R S...
 
tastic's Avatar
 
Join Date: Jan 2014
Location: Vancouver
Posts: 358
Thanked 1,177 Times in 200 Posts
Failed 5 Times in 4 Posts
We're going to be starting to look at places this month. We work in the UBC area but will likely be looking at places in Richmond. Depressing that we sold our 2+2 1000sqft condo in Houston before we moved here for $160K and that will barely be 20% down on an even smaller place near work. Hoping our dollar will go further in Richmond.
tastic is offline   Reply With Quote
Old 02-05-2014, 10:28 AM   #1818
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
Failed 173 Times in 83 Posts
That realtor in the second story comes off as a blithering idiot
GS8 is offline   Reply With Quote
This post thanked by:
Old 02-05-2014, 10:42 AM   #1819
I told him no, what y'all do?
 
GLOW's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 10,163
Thanked 6,023 Times in 2,615 Posts
Failed 105 Times in 67 Posts
Quote:
President of Century 21 In Town Realty Michael La Prairie agrees. His advice to young buyers, who have a job and a healthy savings account, is to get into the market now, but temper your expectations.
"You're not buying your Mercedes when you first come out of school, and you're not buying your Prada purses if you got the big student loans. You have to kind of calm it down, grow up, and this is what you can afford to buy," said La Prairie.
comes off sounding like a bit of a douche
__________________
Feedback
http://www.revscene.net/forums/showthread.php?t=611711

Quote:
Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity
Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat

GLOW is offline   Reply With Quote
This post thanked by:
Old 02-05-2014, 10:51 AM   #1820
Willing to sell a family member for a few minutes on RS
 
westopher's Avatar
 
Join Date: Apr 2011
Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
Failed 214 Times in 162 Posts
Might have to do with the fact he's a real estate agent on a real estate story, spitting out bullshit. "Buy now! Perfect time! Just buy something you can afford because I'm trying to sound like I care about you!"
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax View Post
Well.. I’d hate to be the first to say it, but Westopher is correct.
westopher is online now   Reply With Quote
Old 02-05-2014, 11:02 AM   #1821
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
Failed 173 Times in 83 Posts
Quote:
Originally Posted by westopher View Post
Might have to do with the fact he's a real estate agent on a real estate story, spitting out bullshit. "Buy now! Perfect time! Just buy something you can afford because I'm trying to sound like I care about you!"
Judging from all those trophies behind him, his head must be wedged up his ass by now.
GS8 is offline   Reply With Quote
Old 02-05-2014, 11:20 AM   #1822
OMGWTFBBQ is a common word I say everyday
 
Join Date: Apr 2001
Posts: 5,034
Thanked 2,552 Times in 1,158 Posts
Failed 81 Times in 54 Posts
Quote:
Originally Posted by tastic View Post
We're going to be starting to look at places this month. We work in the UBC area but will likely be looking at places in Richmond. Depressing that we sold our 2+2 1000sqft condo in Houston before we moved here for $160K and that will barely be 20% down on an even smaller place near work. Hoping our dollar will go further in Richmond.
Why did you leave Texas which is probably one of the better States economically? Vancouver has no jobs, unless you're in real estate or managing private wealth.
Posted via RS Mobile
Tapioca is offline   Reply With Quote
This post thanked by:
Old 02-05-2014, 11:40 AM   #1823
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
Failed 173 Times in 83 Posts
Leaving Texas to come to Vancouver reminds me of the person who sells all their possessions and goes backpacking in a foreign country.
GS8 is offline   Reply With Quote
This post FAILED by:
Old 02-05-2014, 11:43 AM   #1824
reads most threads with his pants around his ankles, especially in the Forced Induction forum.
 
Mr.HappySilp's Avatar
 
Join Date: Mar 2004
Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
Failed 929 Times in 340 Posts
Quote:
Originally Posted by GS8 View Post
That realtor in the second story comes off as a blithering idiot
Just to be clear he did make a good point. Is better to actually buy a house/apartment then to waste money on a getting a new car or getting that brand name purse, a new iphone , a new tablet etc etc......
Mr.HappySilp is offline   Reply With Quote
Old 02-05-2014, 01:03 PM   #1825
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
Failed 173 Times in 83 Posts
Quote:
Originally Posted by Mr.HappySilp View Post
Just to be clear he did make a good point. Is better to actually buy a house/apartment then to waste money on a getting a new car or getting that brand name purse, a new iphone , a new tablet etc etc......
Those are blanket generic statements that could come from anyone:

Financial adviser
Teacher
Friend
Your Parents

He had no real argument in other words. Where does it apply to the couple who sold their closet condo to rent the bungalow with a yard?

Let's not forget how many students get good paying, related jobs straight out of graduation
GS8 is offline   Reply With Quote
This post thanked by:
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 07:59 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