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 09-21-2022, 10:51 PM   #23626
I *Fwap* *Fwap* *Fwap* to RS
 
Phozy's Avatar
 
Join Date: Sep 2011
Location: Surrey
Posts: 1,526
Thanked 903 Times in 320 Posts
Failed 148 Times in 30 Posts
Quote:
Originally Posted by PeanutButter View Post
https://www.redfin.ca/bc/vancouver/5...home/175765867

My buddy is looking at this unit. How bad of an idea is living this close to Main and Hastings is it???

I guess it's far enough that it isn't as bad, but I still feel like it's pretty close to the hoards of homeless and druggies. What do you guys think?

edit; he's 33, really wants to move out of his parents house and this is within his price range and really likes the idea of being downtown.
How about mount pleasant / broadway?

https://www.rew.ca/properties/449121...rty_click=map#

I'd do without the fireplace personally..

Edit: So i went to see how far affordability has dropped. As a first time buyer, my pre-qualified amount went from ~$480k to ~$400k.

And i thought i made decent money...that gets me a 500 sq ft box in surrey!
Advertisement

Last edited by Phozy; 09-22-2022 at 05:10 PM.
Phozy is offline   Reply With Quote
Old 09-23-2022, 12:30 PM   #23627
My homepage has been set to RS
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 2,431
Thanked 2,912 Times in 772 Posts
Failed 407 Times in 108 Posts
^I think that location is so much better and you get way better value. Not sure what the big deal with being downtown is... That area seems pretty good.
PeanutButter is offline   Reply With Quote
Old 09-23-2022, 04:13 PM   #23628
I STILL don't get it
 
ssjGoku69's Avatar
 
Join Date: Aug 2015
Location: Main & Hastings
Posts: 455
Thanked 487 Times in 156 Posts
Failed 0 Times in 0 Posts
It'll be close to the new Broadway Line station going to UBC
ssjGoku69 is online now   Reply With Quote
Old 09-23-2022, 06:57 PM   #23629
in the butt
 
donk.'s Avatar
 
Join Date: Aug 2016
Posts: 2,840
Thanked 3,568 Times in 1,305 Posts
Failed 169 Times in 92 Posts
Quote:
Originally Posted by Phozy View Post
How about mount pleasant / broadway?
I lived on e7th, mt pleasant, in an older dump two years ago.
Mt pleasant is nice area.
I would personally stay off Broadway, and a block north or east. The further you are off Broadway, the quieter it is. Same applies for any major roads.

I would also suggest paying the premium for a newer building with less sqft.
The older buildings tend to have older people, and some of those have some serious mental issues. This is from my personal experience only.
Furthermore, there will be less larger repairs, and less issues. Overall improving your quality of life.

Lastly, I don't suggest buying any wood construction unit, unless you are top floor
__________________
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 offline   Reply With Quote
This post thanked by:
Old 09-24-2022, 01:49 AM   #23630
2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
 
HonestTea's Avatar
 
Join Date: Aug 2005
Location: Vancouver
Posts: 7,052
Thanked 1,286 Times in 594 Posts
Failed 65 Times in 37 Posts
Quote:
Originally Posted by Phozy View Post
How about mount pleasant / broadway?

https://www.rew.ca/properties/449121...rty_click=map#

I'd do without the fireplace personally..

Edit: So i went to see how far affordability has dropped. As a first time buyer, my pre-qualified amount went from ~$480k to ~$400k.

And i thought i made decent money...that gets me a 500 sq ft box in surrey!
Damn
HonestTea is offline   Reply With Quote
Old 09-24-2022, 09:39 AM   #23631
I *heart* Revscene.net very Muchie
 
Join Date: Jun 2002
Location: Vancouver
Posts: 3,685
Thanked 627 Times in 358 Posts
Failed 20 Times in 17 Posts
Quote:
Originally Posted by Phozy View Post
How about mount pleasant / broadway?

https://www.rew.ca/properties/449121...rty_click=map#

I'd do without the fireplace personally..

Edit: So i went to see how far affordability has dropped. As a first time buyer, my pre-qualified amount went from ~$480k to ~$400k.

And i thought i made decent money...that gets me a 500 sq ft box in surrey!
You're not alone. I have a couple first time buying clients and they're experiencing the same thing.
6thGear. is offline   Reply With Quote
Old 09-24-2022, 10:05 AM   #23632
RS has made me the bitter person i am today!
 
Join Date: Apr 2014
Location: Van
Posts: 4,594
Thanked 1,947 Times in 1,029 Posts
Failed 206 Times in 125 Posts
^^ it's all people not just first time buyer, cuz of the stress test. You're trying to qualify at at least 7%+ now. Like I mentioned before I'm surprised no one has bitched and it's not on the news.
JDMDreams is offline   Reply With Quote
Old 09-24-2022, 10:26 AM   #23633
in the butt
 
donk.'s Avatar
 
Join Date: Aug 2016
Posts: 2,840
Thanked 3,568 Times in 1,305 Posts
Failed 169 Times in 92 Posts
Quote:
Originally Posted by JDMDreams View Post
^^ it's all people not just first time buyer, cuz of the stress test. You're trying to qualify at at least 7%+ now. Like I mentioned before I'm surprised no one has bitched and it's not on the news.
The news is busy pumping the queens funeral for the next month
__________________
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 offline   Reply With Quote
Old 09-24-2022, 02:32 PM   #23634
I *heart* Revscene.net very Muchie
 
Join Date: Jun 2002
Location: Vancouver
Posts: 3,685
Thanked 627 Times in 358 Posts
Failed 20 Times in 17 Posts
Quote:
Originally Posted by JDMDreams View Post
^^ it's all people not just first time buyer, cuz of the stress test. You're trying to qualify at at least 7%+ now. Like I mentioned before I'm surprised no one has bitched and it's not on the news.
Sorry. I meant the pre-qualified amount from $480k to $400k.
6thGear. is offline   Reply With Quote
Old 10-03-2022, 07:55 PM   #23635
I contribute to threads in the offtopic forum
 
Join Date: Mar 2011
Location: Vancouver
Posts: 2,977
Thanked 2,804 Times in 1,206 Posts
Failed 61 Times in 23 Posts
Since no one seems to be buying real estate why don't we talk about renting it cause it's crazy out there:

https://www.facebook.com/marketplace...5114515630699/ - $3300/mo for a 660sf 1 bedroom by Metrotown.

https://www.facebook.com/marketplace...8828465528095/ - $2600/mo for 722sf 1 bed+den near Joyce.

https://www.facebook.com/marketplace...0724214019029/ - $4300/mo for 950sf 2 bedrooms by Metrotown

https://www.facebook.com/marketplace...7321727858167/ - $2680/mo for 680sf 1 bedroom by Brentwood.
__________________
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
Old 10-03-2022, 08:35 PM   #23636
RS has made me the bitter person i am today!
 
Join Date: Apr 2014
Location: Van
Posts: 4,594
Thanked 1,947 Times in 1,029 Posts
Failed 206 Times in 125 Posts
Well there's gotta be demand if they're listing at those prices, if you can't afford to buy then rent, I heard you can live for free on Hastings. Those places are easily $600k plus places. So it's easy math $600k @20% down so mortgage of 80% = $480k at @25y 5.3% = $2891 a month. + Strata, property tax, transfer tax, utilities, insurance. It ain't a charity here. You can thank the Canadian gov for keeping the Russian war going = high oil prices, = high inflation = high interest rates.
JDMDreams is offline   Reply With Quote
Old 10-03-2022, 10:30 PM   #23637
in the butt
 
donk.'s Avatar
 
Join Date: Aug 2016
Posts: 2,840
Thanked 3,568 Times in 1,305 Posts
Failed 169 Times in 92 Posts
Less buyers = more renters
More renters = higher rents

Although those Facebook rentals are out to lunch.....
To me that looks like a bunch of people trying to "break even" on their purchase. I'd place bets that 3 of 4, of those are going to be vacant for 2 months +
__________________
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 offline   Reply With Quote
This post thanked by:
Old 10-04-2022, 11:01 AM   #23638
Willing to sell body for a few minutes on RS
 
Great68's Avatar
 
Join Date: Mar 2002
Location: Victoria
Posts: 10,567
Thanked 5,004 Times in 1,845 Posts
Failed 185 Times in 100 Posts
10 year anniversary of this thread!
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4

A vehicle for all occasions
Great68 is offline   Reply With Quote
This post thanked by:
Old 10-04-2022, 11:18 AM   #23639
My AFC gave me an ABS CEL code of LOL while at WOT!
 
The Producer's Avatar
 
Join Date: Mar 2005
Location: Vancouver
Posts: 1,882
Thanked 4,994 Times in 1,129 Posts
Failed 16 Times in 14 Posts
this is an interesting one

https://www.timescolonist.com/local-...action-5895572

to be fair - my understanding is that all new builds since 2010 have forbidden stratas from limiting rentals.

This would affect me personally. Our building currently only allow ~10 of our 80 units to be rented out. There is a hardship clause that allows for a few more. The wait list is about 5 years to be able to rent out your own unit.

The only real shitheads in our building are the renters. You can genuinely see the benefit of a owner occupied building in the way that it is taken care of. I suspect that if our building went to unlimited rentals, owner occupiers would quickly become the minority, and the feel of the building would change.
__________________
Quote:
Originally Posted by westopher View Post
replace that wood for who gets producer the wood.
The Producer is offline   Reply With Quote
This post thanked by:
Old 10-04-2022, 12:04 PM   #23640
Rs has made me the woman i am today!
 
EvoFire's Avatar
 
Join Date: Mar 2006
Location: Vancouver
Posts: 4,133
Thanked 2,976 Times in 1,368 Posts
Failed 58 Times in 33 Posts
Rental limits are a double edged sword.

When we were looking to purchase our first home, the no rental buildings were all much nicer, cleaner, better maintained.
The flip side is the potential for value gain is lower, and the flexibility is lower.

We ended up buying in a no rental strata because that's how the eggs fell. It was a good few years.
EvoFire is offline   Reply With Quote
Old 10-04-2022, 12:06 PM   #23641
RS has made me the bitter person i am today!
 
Join Date: Apr 2014
Location: Van
Posts: 4,594
Thanked 1,947 Times in 1,029 Posts
Failed 206 Times in 125 Posts
Well how else can they increase supply, everything is so nimby and the city is so slow at upping density. Allowing rentals is actually good for property values, no one wants to buy an owner only building. Owners can be dicks too but usually it's the renter's = poorer crowd with no ownership in the building that causes trouble.
JDMDreams is offline   Reply With Quote
Old 10-04-2022, 12:13 PM   #23642
My AFC gave me an ABS CEL code of LOL while at WOT!
 
The Producer's Avatar
 
Join Date: Mar 2005
Location: Vancouver
Posts: 1,882
Thanked 4,994 Times in 1,129 Posts
Failed 16 Times in 14 Posts
Quote:
Originally Posted by JDMDreams View Post
no one wants to buy an owner only building.
that's not true at all.
__________________
Quote:
Originally Posted by westopher View Post
replace that wood for who gets producer the wood.
The Producer is offline   Reply With Quote
This post thanked by:
Old 10-04-2022, 12:56 PM   #23643
Willing to sell body for a few minutes on RS
 
quasi's Avatar
 
Join Date: Jul 2001
Location: Cloverdale
Posts: 11,573
Thanked 3,775 Times in 1,344 Posts
Failed 83 Times in 42 Posts
Quote:
Originally Posted by JDMDreams View Post
Well how else can they increase supply, everything is so nimby and the city is so slow at upping density. Allowing rentals is actually good for property values, no one wants to buy an owner only building. Owners can be dicks too but usually it's the renter's = poorer crowd with no ownership in the building that causes trouble.
If I downsized to an Apartment this would be the #1 thing on the list of things I'd have to have.
__________________



“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
quasi is offline   Reply With Quote
Old 10-04-2022, 01:09 PM   #23644
Zombie Mod
 
Presto's Avatar
 
Join Date: Aug 2003
Location: Langley
Posts: 9,889
Thanked 5,174 Times in 1,554 Posts
Failed 120 Times in 54 Posts
My condo has a limited number of rentals (6, I think?), and it is awesome. We've never had a special-levy in the 16 years I've lived here because strata meetings are proactive on buildings maintenance and security. We don't have slumlords wanting to keep kicking the can down the road in hopes of bailing out before the levys.
__________________
Romans 10:9
Presto is offline   Reply With Quote
This post thanked by:
Old 10-05-2022, 03:45 AM   #23645
rb
Network Admin Team
 
rb's Avatar
 
Join Date: Apr 2001
Posts: 5,514
Thanked 1,535 Times in 536 Posts
Failed 4 Times in 8 Posts
Imo, removing strata rental restrictions is one of the only and quickest ways to take stress off of the rental market within a shorter timeframe. The solution isn't to simply just build more homes to solve overall housing affordability

Those new build rental market homes being touted in the media and city officials may be rent controlled but are still initial being offered at only slightly less than these currently insane market rates. Individual owners that own older units tend to be more realistic in terms of what they can rent for and less selective if the market is at normal levels.

I briefly managed a new affordable housing program for some new builds. Without saying too much, the system seems to be a bit stacked against people that are genuinely low-income, esp if they have a bad credit score. Any new affordable units coming online will never be really be affordable or even easily attainable for truly low-income individuals
rb is offline   Reply With Quote
This post thanked by:
Old 10-05-2022, 04:55 AM   #23646
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,574
Thanked 14,966 Times in 5,970 Posts
Failed 2,061 Times in 690 Posts
Where I used to live by Lougheed mall we lived in 1 of 2 identical towers

Our tower did not allow rentals, the second tower was about 65% rentals. Eventually we were forced to lock the second tower out of all the amenities including gym, pool, saunas, workshop etc. not only were the majority of the renters treating the amenities poorly, the owners of the unit were almost unanimously behind in strata fees as well as voting down almost every amendment to the maintenance and upkeep of the property and amenities. It really forced the hands of the owners
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post thanked by:
Old 10-05-2022, 08:56 AM   #23647
My homepage has been set to RS
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 2,431
Thanked 2,912 Times in 772 Posts
Failed 407 Times in 108 Posts
I'm curious to know what that new lougheed rental tower from Shape will be like, the rental tower with the $2k studio rent.

At that price point, do people take better care of the property? or are renters just shitty no matter the price point?

I would think if you're able to afford those high rents, you have a certain level of decency, but maybe not?
PeanutButter is offline   Reply With Quote
Old 10-05-2022, 10:25 AM   #23648
RS has made me the bitter person i am today!
 
Join Date: Apr 2014
Location: Van
Posts: 4,594
Thanked 1,947 Times in 1,029 Posts
Failed 206 Times in 125 Posts
Sir have you heard of China? Sprinklers = place to hang clothes
JDMDreams is offline   Reply With Quote
Old 10-05-2022, 10:35 AM   #23649
Orgasm Donor & Alatar owned my ass twice!
 
Traum's Avatar
 
Join Date: Aug 2007
Location: Paradise, BC
Posts: 6,917
Thanked 6,650 Times in 2,679 Posts
Failed 253 Times in 139 Posts
Knowing how bad landlords operate and their tendencies to vote down all maintenance-related spendings, would it make sense for the province to amend the Strata Property Act to reduce their influence in AGM decisions? Say, for example, a landlord owner would only get 1/2 a vote, while a live-in owner would get the full vote at the AGM?

People are gonna bitch about how this is undemocratic and everything, but the fact that most people who have owned and lived in a strata property already know is -- there are too many cheapa$$ dickheads playing slump lords, and their cheapness / selfishness is dragging other legitimate owners down the drain along with them.

With Eby's coronation looking extremely likely, this is something BC residents should pitch to Eby and the NDP before the proposal becomes law.
Quote:
Originally Posted by Hondaracer View Post
Where I used to live by Lougheed mall we lived in 1 of 2 identical towers

Our tower did not allow rentals, the second tower was about 65% rentals. Eventually we were forced to lock the second tower out of all the amenities including gym, pool, saunas, workshop etc. not only were the majority of the renters treating the amenities poorly, the owners of the unit were almost unanimously behind in strata fees as well as voting down almost every amendment to the maintenance and upkeep of the property and amenities. It really forced the hands of the owners
Traum is offline   Reply With Quote
Old 10-05-2022, 10:36 AM   #23650
Rs has made me the man i am today!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
Quote:
Originally Posted by The Producer View Post
Owners are occupying their own units, how would easing up on rental restrictions increase net supply?

It does help with the value but not really the net supply
waddy41 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 02:28 AM.


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