| 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. |
 | | 
07-27-2021, 12:56 PM
|
#18926 | | 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
|
Variable rate mortgages also don't penalize you as much to break them compared to fixed rate mortgages. The interest rate differential calculation can be very significant t if you're forced to break a mortgage early in your fixed term.
| 
|  | |
07-27-2021, 01:01 PM
|
#18927 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
Failed 214 Times in 162 Posts
|
I would think a rate hike should come soon from BOC due to the absurd inflation, but it certainly hinges on the rest of the worlds response to covid as well, which is getting nowhere fast. I think a year from now I’d think a little harder about it, but multiple rate hikes are going to be small and spaced out. I signed on for a variable at 1.27 about 3 months ago without hesitation.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever  Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
| | |
07-27-2021, 01:02 PM
|
#18928 | | 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
| Quote:
Originally Posted by Tapioca Variable rate mortgages also don't penalize you as much to break them compared to fixed rate mortgages. The interest rate differential calculation can be very significant t if you're forced to break a mortgage early in your fixed term. | Great point. it's just 3 months interest (at these rates that's dirt cheap) if you break a variable so if you have any plans at all of selling/moving during your mortgage then variable is 100% the way to go.
__________________
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
| 
| | |
07-27-2021, 01:37 PM
|
#18929 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
|
Take more money on at 1.2 for a P car? 
__________________
Dank memes cant melt steel beams
| |
| | |
07-27-2021, 01:40 PM
|
#18930 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
Failed 291 Times in 187 Posts
| Quote:
Originally Posted by Hondaracer Take more money on at 1.2 for a P car? |  | |
| | |
07-27-2021, 01:44 PM
|
#18931 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
Failed 214 Times in 162 Posts
| Quote:
Originally Posted by Hondaracer Take more money on at 1.2 for a P car? | Fucking obviously. The only way to make real money these days certainly isn’t working for it. Own a home or have rich parents is the true path to success in Vancouver.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
| | |
07-27-2021, 01:48 PM
|
#18932 | | I subscribe to the Fight Club ONLY
Join Date: Aug 2007 Location: Paradise, BC
Posts: 7,044
Thanked 6,792 Times in 2,747 Posts
Failed 255 Times in 141 Posts
| Quote:
Originally Posted by Hondaracer Take more money on at 1.2 for a P car? | Honestly, if you can service the mortgage, it is definitely the thing to do because it is very unlikely that you'd be able to find a cheaper way to borrow.
| |
| | |
07-27-2021, 01:52 PM
|
#18933 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
Failed 170 Times in 93 Posts
| Quote:
Originally Posted by Hondaracer Take more money on at 1.2 for a P car? | Thats gonna be me next year on the renew, dream car by 30 here we go, yeeeet 
__________________ 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.
| | |
| | |
07-27-2021, 01:54 PM
|
#18934 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
Failed 214 Times in 128 Posts
|
Gotta but some gt3 and flip them 5 years down the road.
| |
| | |
07-27-2021, 05:47 PM
|
#18935 | | 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
| Quote:
Originally Posted by Hondaracer Take more money on at 1.2 for a P car? | https://www.zealty.ca/mls-R2595024/5...CE-Burnaby-BC/
Buy this and claim the cars are part of the deal for the house.
__________________
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
Last edited by supafamous; 07-27-2021 at 09:10 PM.
| |
| | |
07-27-2021, 08:49 PM
|
#18936 | | RS.net, where our google ads make absolutely no sense!
Join Date: Jan 2007 Location: GVA
Posts: 906
Thanked 337 Times in 123 Posts
Failed 36 Times in 2 Posts
| Quote:
Originally Posted by supafamous Buy this and claim the cars are part of the deal for the house. | FYI (dunno if you care about it being on a public forum) Zealty reveals your email in the URL if you share links like that.
| |
| | |
07-27-2021, 09:10 PM
|
#18937 | | 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
| Quote:
Originally Posted by carsncars FYI (dunno if you care about it being on a public forum) Zealty reveals your email in the URL if you share links like that. | Ah yeah, thanks. Fixed.
__________________
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
| |
| | |
07-27-2021, 11:49 PM
|
#18938 | | Rs has made me the man i am today!
Join Date: Jan 2005 Location: North Vancouver
Posts: 3,010
Thanked 1,689 Times in 587 Posts
Failed 50 Times in 22 Posts
| Quote:
Originally Posted by carsncars FYI (dunno if you care about it being on a public forum) Zealty reveals your email in the URL if you share links like that. | who uses their real email for zealty?  | |
| | |
07-28-2021, 12:45 AM
|
#18939 | | Even when im right, revscene.net is still right!
Join Date: Jan 2013 Location: Vancouver
Posts: 1,385
Thanked 621 Times in 203 Posts
Failed 103 Times in 22 Posts
| Quote:
Originally Posted by supafamous | Sandwiched between a cementry and a church. Would you do that or live on a big street?
| |
| | |
07-28-2021, 07:21 AM
|
#18940 | | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
Posts: 14,997
Thanked 6,370 Times in 1,795 Posts
Failed 114 Times in 70 Posts
| Quote:
Originally Posted by Special K Sandwiched between a cementry and a church. Would you do that or live on a big street? | I mean at least you'll have quiet neighbours being next a cemetery.
| |
| | |
07-28-2021, 09:27 AM
|
#18941 | | 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
| Quote:
Originally Posted by Special K Sandwiched between a cementry and a church. Would you do that or live on a big street? | At least you'll know the view will never be disturbed.
I personally don't mind living near places like cemeteries or churches but my wife sure does. I do mind when the area isn't walkable and that spot isn't walkable - I WFH now and the idea of being able to walk to a good coffee shop in the morning is very appealing (or some local lunch places). Right now I'm a 20 min walk from even a Starbucks.
But 5 car garage - a spot for each generation of Miata and a minivan yo!
__________________
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
| |
| | |
07-28-2021, 09:40 AM
|
#18942 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
|
Nothin like unfounded superstition to prevent you from changing addresses lol
__________________
Dank memes cant melt steel beams
| |
| | |
07-28-2021, 11:25 AM
|
#18943 | | I subscribe to the Fight Club ONLY
Join Date: Aug 2007 Location: Paradise, BC
Posts: 7,044
Thanked 6,792 Times in 2,747 Posts
Failed 255 Times in 141 Posts
|
Personally, I don't mind being next to a cemetery, but the reality is -- the property value increase potential as well as the marketability of the property when it eventually needs to be sold are much lower because lots of other people do not like living next to a cemetery. So these aspects of the property would make it undesirable for me to purchase it.
Being next to a church would be a bit of a pain because there'd be lots of people coming and going at different times. As primary residence, I'd want a place that is more quiet and sees less foot traffic. So again, that'll make being next to a church less desirable to me.
But hey, if the place has a 5 car garage... that would make it really, really tempting...
| |
| | |
07-28-2021, 11:59 AM
|
#18944 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,452
Thanked 2,933 Times in 781 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by westopher Fucking obviously. The only way to make real money these days certainly isn’t working for it. Own a home or have rich parents is the true path to success in Vancouver. | I think you need at least two homes to be successful. For most people, owning one home doesn't really do much for them.
It's not like they're taking equity out of their house and investing it. Most people just have a house and that's it. Then they'll pass it down to their kids when they pass.
Also, what would you say qualifies your parents being rich? What net worth are you considered rich? $5M?
| |
| | |
07-28-2021, 12:23 PM
|
#18945 | | Even when im right, revscene.net is still right!
Join Date: Jun 2003 Location: Vancouver
Posts: 1,308
Thanked 390 Times in 164 Posts
Failed 15 Times in 6 Posts
|
I started looking for another condo 2 weeks ago. Some of the condo listings have been up for 6 months. People just fishing and dropping their prices, accepting offers well under asking.
The wife went to look at this one, took just over a month to sell. Had parking for at least 4 cars. https://www.rew.ca/properties/333249...e-vancouver-bc | |
| | |
07-28-2021, 12:23 PM
|
#18946 | | 14 dolla balla aint got nothing on me!
Join Date: Sep 2005 Location: Vancouver
Posts: 647
Thanked 219 Times in 82 Posts
Failed 28 Times in 10 Posts
| Quote:
Originally Posted by PeanutButter Also, what would you say qualifies your parents being rich? What net worth are you considered rich? $5M? |
HSBC Jade Status?
| |
| | |
07-28-2021, 01:20 PM
|
#18947 | | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
Posts: 14,997
Thanked 6,370 Times in 1,795 Posts
Failed 114 Times in 70 Posts
| Quote:
Originally Posted by vash13 HSBC Jade Status? | So 1 million?
| |
| | |
07-28-2021, 01:58 PM
|
#18948 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
Failed 214 Times in 162 Posts
|
I’d say if you can live the life of an upper middle class person for the rest of your life without making another dollar or working another day, your rich. Obviously subjective and not a definitive way of describing it. But not having to legitimately worry about having a job and still get to do what relatively successful people do sounds pretty nice.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
| | |
07-28-2021, 04:57 PM
|
#18949 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
Failed 214 Times in 128 Posts
|
Must be nice to look at a $2m plus townhouse as a second property   Quote:
Originally Posted by GIZZ I started looking for another condo 2 weeks ago. Some of the condo listings have been up for 6 months. People just fishing and dropping their prices, accepting offers well under asking.
The wife went to look at this one, took just over a month to sell. Had parking for at least 4 cars. https://www.rew.ca/properties/333249...e-vancouver-bc | | |
| | |
07-28-2021, 05:00 PM
|
#18950 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
Failed 214 Times in 128 Posts
|
Speaking of investment properties, any body invest in commercial property? Obviously it's way more expensive and harder to get lending from what I've heard. But it seems like you don't have to deal with all the tenancy bs, missed rent? Then you get to lock the doors and release the hounds.
| |
| | | |
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 09:43 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!
