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And now we're talking rentals..and that's now where I can speak to.
In my mind, the worst thing that happened to the condo market was the investor class. You can have a person that puts down their %5-20%(more the 5ers) and buys into a box. They say yay! no more renting! Living next to trash.
Then they meet their neighbor. He is either a drug dealer(Van) or a drug user(surrey) We rent out our townhouse. Guess who lives in the block behind? A Bacon.
Why? What has Gridlock railed against on rs(and others)? Amateur frigging landlords that don't get it. Oh he looks delightful! look! He brought a pocket full of cash...so rent won't be an issue. Joy.
The rental market is softening out here in the 'burbs. Don't quite know why yet. Everyone going out to Surrey? Mom's basement? Maybe the other way...Vancouver is getting cheaper so they are going in.
It has been getting a bit more difficult to rent out stuff. So quality of person is down a smidge, as is rent.
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