Comments on: Friday Free for All! http://vancouvercondo.info/2008/01/friday-free-for-all-4.html?utm_source=rss&utm_medium=rss&utm_campaign=friday-free-for-all-4 Bubble? What Bubble? Thu, 24 May 2012 04:30:56 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: krrish1 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9427 krrish1 Sun, 03 Feb 2008 08:14:02 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9427 Yes that was explained and what takes place after is "Insurance for Owners Of Strata Plan ### Building name". Strata Management purchased this coverage from the maintenance fee. *New buyers must check this document. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9427">0</span> <small>(to vote for this comment, please visit the site)</small></p> Yes that was explained and what takes place after is

"Insurance for Owners Of Strata Plan ### Building name".

Strata Management purchased this coverage from the maintenance fee.

*New buyers must check this document.

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]]> By: Anonymous http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9417 Anonymous Sat, 02 Feb 2008 18:41:38 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9417 2-5-10 warranty doesn't not guarantee a repaired leaky condo will not leak again. Most leaky condos will have leak problems after the 10 year warranty has expired. It is about more about the original architecture and whether the building design itself is prone to leaks in general. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9417">0</span> <small>(to vote for this comment, please visit the site)</small></p> 2-5-10 warranty doesn't not guarantee a repaired leaky condo will not leak again. Most leaky condos will have leak problems after the 10 year warranty has expired. It is about more about the original architecture and whether the building design itself is prone to leaks in general.

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]]> By: krrish1 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9397 krrish1 Sat, 02 Feb 2008 09:41:38 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9397 and yep thanks for more critical information that is totally engineering work of art. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9397">0</span> <small>(to vote for this comment, please visit the site)</small></p> and yep thanks for more critical information that is totally engineering work of art.

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]]> By: krrish1 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9396 krrish1 Sat, 02 Feb 2008 09:39:07 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9396 yeah cheer up!because you are the man strataman. in the next friday free for all who got an edge over condo ownership? and why is that? Answer: Womens+sacrifice with nature of leak single mens will be renting in future. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9396">0</span> <small>(to vote for this comment, please visit the site)</small></p> yeah cheer up!because you are the man strataman. in the next friday free for all who got an edge over condo ownership? and why is that?

Answer:

Womens+sacrifice with nature of leak single mens will be renting in future.

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]]> By: Strataman http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9394 Strataman Sat, 02 Feb 2008 09:03:05 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9394 "2-5-10 or 2-10-10 warranty is a responsibility of developers what apply after 2-5-10 is insurance from the part of maintenance" and they are useless warranties. The part the warranty covers is miniscule to the part the owner covers. For instance if the roof membrane is leaking the warrany contractor will come in and repair the hole or whatever, AFTER you have found the leak, removed the ballast and then they will do their five minute patch. Guess what? Finding the exact point of the leak is the OWNERS responsibility, NOT the warranty contractor, they will just say nope must be a plumbing problem or something else. Do you know how much it costs to remove all the ballast from a membrane roof to find a leak? Do you know that the perforation in the membrane is often far away from where the water appears in the building? Do you know that a concrete slab will carry water along cracks for dozens of meters before appearing in the Penthouse suite? Do you know that you sometimes have to gut the whole suite to find a small leak? Do you know that the warrany in all buildings does NOT cover this work? Believe me! Doing the work for the owners is a portion of how my small company makes a living. :-) Good Bucks!! Not covered by warranty. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9394">0</span> <small>(to vote for this comment, please visit the site)</small></p> "2-5-10 or 2-10-10 warranty is a responsibility of developers what apply after 2-5-10 is insurance from the part of maintenance" and they are useless warranties. The part the warranty covers is miniscule to the part the owner covers. For instance if the roof membrane is leaking the warrany contractor will come in and repair the hole or whatever, AFTER you have found the leak, removed the ballast and then they will do their five minute patch. Guess what? Finding the exact point of the leak is the OWNERS responsibility, NOT the warranty contractor, they will just say nope must be a plumbing problem or something else. Do you know how much it costs to remove all the ballast from a membrane roof to find a leak? Do you know that the perforation in the membrane is often far away from where the water appears in the building? Do you know that a concrete slab will carry water along cracks for dozens of meters before appearing in the Penthouse suite? Do you know that you sometimes have to gut the whole suite to find a small leak? Do you know that the warrany in all buildings does NOT cover this work? Believe me! Doing the work for the owners is a portion of how my small company makes a living. :-) Good Bucks!! Not covered by warranty.

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]]> By: krrish1 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9393 krrish1 Sat, 02 Feb 2008 08:28:15 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9393 Very good generic poster, Finally you have put some contents in the thread,if you look in the genuine answer to BTK you can see I have mention the fact to check for refrances. So your new merging point actually confirm that answer is right what you got here is more info. that's what people come here to check contents about perticulars and the rest. you say"you can not say whether or not he would have trouble selling or not" I have talk to my friend about it he goes there are more than 80 units in the building he did not see people rushing to sell however he did notice 3 listing in 2005 those were sold,3 in 2006 those were sold,4 listing in 2007 those were sold.there are currently 2 listing one from december and one of them is just listed. Over all why some one have to sell it for money while you are getting peace of mind with low maintenance fee and stability to rock your life and he got no plan to sell it for the rest of his life. Anyway thanks for your post there was more content which fill little more than less.still insurance related issue is no body brought any solid back up I can add some more info to diffrentiate the Insurance spuzm. 2-5-10 or 2-10-10 warranty is a responsibility of developers what apply after 2-5-10 is insurance from the part of maintenance. According to the new regulation Government put ban on some matterial which couse leak that way we can hope that future construction will be able to avoid leak. Leak is a socail and natural issue we can force people,government,and developers but we can not force the nature the nature of miss universe and the nature of leaky condo. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9393">0</span> <small>(to vote for this comment, please visit the site)</small></p> Very good generic poster,

Finally you have put some contents in the thread,if you look in the genuine answer to BTK you can see I have mention the fact to check for refrances.

So your new merging point actually confirm that answer is right what you got here is more info. that's what people come here to check contents about perticulars and the rest.

you say"you can not say whether or not he would have trouble selling or not"

I have talk to my friend about it he goes there are more than 80 units in the building he did not see people rushing to sell however he did notice 3 listing in 2005 those were sold,3 in 2006 those were sold,4 listing in 2007 those were sold.there are currently 2 listing one from december and one of them is just listed.

Over all why some one have to sell it for money while you are getting peace of mind with low maintenance fee and stability to rock your life and he got no plan to sell it for the rest of his life.

Anyway thanks for your post there was more content which fill little more than less.still insurance related issue is no body brought any solid back up I can add some more info to diffrentiate the Insurance spuzm.

2-5-10 or 2-10-10 warranty is a responsibility of developers what apply after 2-5-10 is insurance from the part of maintenance.

According to the new regulation Government put ban on some matterial which couse leak that way we can hope that future construction will be able to avoid leak.

Leak is a socail and natural issue we can force people,government,and developers but we can not force the nature the nature of miss universe and the nature of leaky condo.

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]]> By: Anonymous http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9377 Anonymous Fri, 01 Feb 2008 20:54:15 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9377 Or repaired leaky condo too. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9377">0</span> <small>(to vote for this comment, please visit the site)</small></p> Or repaired leaky condo too.

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]]> By: Anonymous http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9376 Anonymous Fri, 01 Feb 2008 20:52:46 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9376 A lot of buyers think they can "low ball" a repaired leaky condo, because they know the stigmatism attached to leaky condo. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9376">0</span> <small>(to vote for this comment, please visit the site)</small></p> A lot of buyers think they can "low ball" a repaired leaky condo, because they know the stigmatism attached to leaky condo.

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]]> By: Anonymous http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9375 Anonymous Fri, 01 Feb 2008 20:50:38 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9375 M, It really depends on if the realtor and seller were covering up a known problem on the disclosure form and not revealing it to the buyer. Sellers have to disclose water/leaky problems, grow ops and even if someone died in the house (more recently) Realtors and sellers alike have been sued for covering up known problems, like leaky condos in the past. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9375">0</span> <small>(to vote for this comment, please visit the site)</small></p> M,

It really depends on if the realtor and seller were covering up a known problem on the disclosure form and not revealing it to the buyer.

Sellers have to disclose water/leaky problems, grow ops and even if someone died in the house (more recently) Realtors and sellers alike have been sued for covering up known problems, like leaky condos in the past.

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]]> By: Anonymous http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9372 Anonymous Fri, 01 Feb 2008 20:32:34 +0000 http://vancouvercondo.info/2008/01/friday-free-for-all-4.html#comment-9372 Since your friend has not sold his repaired leaky condo yet, you can not say whether or not he would have trouble selling or not. Of course, no leaky condos are abandon, owners either rent out the unit or still live there if they can't sell it. Sold a repaired leaky condo that was totally renovated and the inside looked like a show home. It took 4 months to sell in 2005 it was not overpriced as it sold very close to asking. 2005 was a very "hot" market, places sold within hours to a few days. Seems people are still allergic to buying repaired leaky condos, that is my point. Your repaired leaky condo will appreciate in value, but finding a buyer who is willing to buy a repaired leaky condo is a little tougher than most sellers think. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-9372">0</span> <small>(to vote for this comment, please visit the site)</small></p> Since your friend has not sold his repaired leaky condo yet, you can not say whether or not he would have trouble selling or not. Of course, no leaky condos are abandon, owners either rent out the unit or still live there if they can't sell it.

Sold a repaired leaky condo that was totally renovated and the inside looked like a show home. It took 4 months to sell in 2005 it was not overpriced as it sold very close to asking. 2005 was a very "hot" market, places sold within hours to a few days. Seems people are still allergic to buying repaired leaky condos, that is my point.

Your repaired leaky condo will appreciate in value, but finding a buyer who is willing to buy a repaired leaky condo is a little tougher than most sellers think.

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