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jackmeister · 10-02-2009, 02:56 PM

Hey guys,

I've been taking a lot of information here into consideration when I am making the purchase. That penthouse I was looking at was sold at the price I was aiming, but unfortunately someone made an offer right before I got around into doing so

Its ok though I hope something nice comes up along the way.

I've been trying to look up more information online but because Vancouver's real estate market is such an anomaly I can't take it into consideration. And the selection is drying up fast. The area I was looking at had a lot of available listings but over the past 2 weeks a lot of them disappeared. Did I miss the last boat or something?

I really hope the prices start to drop now because if not I'll be punching myself in the crotch. Right now I'm setting my budget at around 550,000. Of which, 100k savings, 250k-300k mortgage (pre-approved for 350k), and the rest will be parent loans (not sure when I need to pay it back).

It's going to be in Richmond because I work there and don't like going through bridges daily. Definitely not looking for a house because I don't have the time and $$$ to deal with the miscellaneous bullshit when I already work long hours at the office. And I am certain I do not want to deal with renting my basement or a room out. I don't want to share my space with anyone and deal with the stupid shit that comes with collecting rent. I'm looking for a newer condo/apartment because I actually plan on living in it for a long time (7-8 years), so I am taking my time to find a nicer place in a nicer area.

My brother bought an old house a couple of years back right before the prices jumped and sold it this year for a nice profit, but he probably put in an extra 70k into reno/roof/repairs. He didn't have much time for it because he works pretty hard too so it ended up like shit. Luckily he moved into an apartment now and much less stress.

I know the prices in Surrey and New West are much more affordable but then I just can't stand living in those 2 cities because I'll be far away from everything I do normally. For me, convenience is quite important.

The hunt continues....

10-02-2009, 02:56 PM	#62
jackmeister Revscene.net has a homepage?! Join Date: Feb 2005 Location: Vancouver Posts: 1,296 Thanked 522 Times in 194 Posts Failed 87 Times in 37 Posts	Hey guys, I've been taking a lot of information here into consideration when I am making the purchase. That penthouse I was looking at was sold at the price I was aiming, but unfortunately someone made an offer right before I got around into doing so Its ok though I hope something nice comes up along the way. I've been trying to look up more information online but because Vancouver's real estate market is such an anomaly I can't take it into consideration. And the selection is drying up fast. The area I was looking at had a lot of available listings but over the past 2 weeks a lot of them disappeared. Did I miss the last boat or something? I really hope the prices start to drop now because if not I'll be punching myself in the crotch. Right now I'm setting my budget at around 550,000. Of which, 100k savings, 250k-300k mortgage (pre-approved for 350k), and the rest will be parent loans (not sure when I need to pay it back). It's going to be in Richmond because I work there and don't like going through bridges daily. Definitely not looking for a house because I don't have the time and $$$ to deal with the miscellaneous bullshit when I already work long hours at the office. And I am certain I do not want to deal with renting my basement or a room out. I don't want to share my space with anyone and deal with the stupid shit that comes with collecting rent. I'm looking for a newer condo/apartment because I actually plan on living in it for a long time (7-8 years), so I am taking my time to find a nicer place in a nicer area. My brother bought an old house a couple of years back right before the prices jumped and sold it this year for a nice profit, but he probably put in an extra 70k into reno/roof/repairs. He didn't have much time for it because he works pretty hard too so it ended up like shit. Luckily he moved into an apartment now and much less stress. I know the prices in Surrey and New West are much more affordable but then I just can't stand living in those 2 cities because I'll be far away from everything I do normally. For me, convenience is quite important. The hunt continues.... Last edited by jackmeister; 10-02-2009 at 03:03 PM.