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winson604 · 04-02-2019, 01:10 PM

Also a lot of the townhomes around Champlain are leasehold. On top of not actually owning the place one of the advantages is that the price is usually cheaper. It's sort of like leasing a car except in this case there is no pre agreed on price to buy it out when the lease is up because in this case you don't know what will happen after 100 years.

On negative to leasehold other than the obvious is once a leasehold get's close to the end banks do not like approving mortgages for them. In this instance it won't matter but there are some leaseholds around the City a.k.a False Creek who are in the sub 20 years to go mark and those would be hard to get a mortgage for.

04-02-2019, 01:10 PM	#14105
winson604 RS.net, helping ugly ppl have sex since 2001 Join Date: Apr 2004 Location: Vansterdam Posts: 8,291 Thanked 1,958 Times in 1,030 Posts Failed 85 Times in 24 Posts	Also a lot of the townhomes around Champlain are leasehold. On top of not actually owning the place one of the advantages is that the price is usually cheaper. It's sort of like leasing a car except in this case there is no pre agreed on price to buy it out when the lease is up because in this case you don't know what will happen after 100 years. On negative to leasehold other than the obvious is once a leasehold get's close to the end banks do not like approving mortgages for them. In this instance it won't matter but there are some leaseholds around the City a.k.a False Creek who are in the sub 20 years to go mark and those would be hard to get a mortgage for. __________________ "back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!! GREG ADAMS!! GREG ADAMS!!"