Quote:
Originally Posted by nah
I've been watching the market and 2 houses that recently sold for close to $900,000 each (North Delta) are now on the market as rentals. They look to be bought by the same person as the houses are on the same street and the ads look the same. I'm going to assume they didn't pay cash for these, so these would be someone speculating and possibly over leveraging themselves. I hope the market crashes and these type of speculators lose their shirt.
House 1: https://vancouver.craigslist.ca/rds/apa/6080291855.html
House 2: https://vancouver.craigslist.ca/van/apa/6079943995.html |
I could be completely wrong but I don't think its the same person that owns both and my reason is nothing concrete I have used someone on my streets ad in the past or parts of it.
No expert but 900k in north delta is a pretty good price considering assessed value according to government is 915 & 924k. Decent size lot which is hard to come across
900k x 20%= 180k
ball park 3300 mortgage a month
Out of pocket for owner $700 + a month not bad if you have extra cash lying around.