Quote:
Originally Posted by westopher
Then someone who's parents bought them a new fr-s, paid for their ubc education, living expenses through school and gave them 100k down payment for their condo can read it and tell them how entitled they are for thinking they should be able to live in Vancouver.
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I recently came across a middle-aged couple who sold their Yaletown penthouse suite to a Chinese buyer, who was purchasing the property for his son (who does have Canadian citizenship, so no need to pay the 15% tax). The son's 21st birthday is coming up, so in addition to the suite, he also received a fully loaded Range Rover as well. I guess he got the car, then remarked that he needed somewhere to park it...
Quote:
Originally Posted by GLOW
playing devil's advocate here. could the high rates also be taking in to account any offset of risk of having shitty tenants that destroy/bug out on rent? a dispute with a shitty tenant and unpaid rent for even a few months is a huge hit to anyone. damage deposit is half a months rent, that won't pay for shit all if a unit is trashed and needs to be repaired.
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Agreed - why would I post a lower rate compared to others in my area, and risk having a shitty tenant move in? I'd rather have someone who can afford the "market rate", which usually means they are respectable, educated, responsible, etc.
While I was looking for a tenant, I received lots of inquiries from desperate-sounding families. I felt bad turning them all away, but it just shows the sad state of affairs in our housing market.