Quote:
Originally Posted by Harvey Specter
So to give you guys how fucked the rental market is I just rented one of my YT studio units this past weekend for $1850 without parking.
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It's a crazy market right now.
Things aren't much different in Whistler. My 980 sg/ft townhouse is getting me $2500/month with one outdoor parking spot. That's $500 less than I was getting for a full house in Langley 3 years ago. Plus I can rent my other parking spot for an additional $1200/yr.
I'm looking at buying another couple of townhouses in Whistler to do the same. For $700k, I am looking at $36k/yr, each. That's a really good ROI as long as the market doesn't drop out on us. Considering that the money in the bank is getting me about 5% right now, if the property values continue to climb I will be double dipping on my return.
Based on the news reports, and how many visitors are coming back to Whistler, chances are this will last for a while.