Life in a leaky condo

greenmesh.gif

You’ve seen them all over Vancouver, from green mesh covered buildings in fairview to plastic shrouded condo towers downtown.  But what’s it like to actually live in leaky condo thats being repaired?

A renter in Yaletown has started blogging about life in the green mesh: The Leaky Condo Chronicles is an interesting read about the inconvenience and frustration of living in an active repair zone:

Buzzing, vibrating, grinding noise jolted me awake at 8 AM. It’s really too bad that earplugs can’t block out the vibrations — they’re worse than the noise…

I think today is worse than ever before. They’re grinding down the concrete of the balcony right next door to us.

Mondays tend to be particularly bad anyway, probably because weekends are so nice and quiet, but I do think it’s true — it can’t get any worse than this — can it? Can it?

I need to run away.

You can find more misery at leakycondolife.blogspot.com

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42 Responses to “Life in a leaky condo”

  1. 1
    Greely Says:Reply to this comment
    I’m #1, yay!

    Current score: 0
  2. 2
    Lager not Logger Says:Reply to this comment
    It’s unfortunate for the blogger that the RTO doesn’t recognize leaky condos as a reason to break a lease. I have a feeling this is going to be a growing problem as all these boom-time buildings that were slapped up in a hurry start to age, but hopefully for all those owners and tenants I’m wrong.

    And the owner had to pay at least $118,000 for repairs? That sucks. It’s going to take a while to recoup that in rent.

    Current score: 0
  3. 3
    treed Says:Reply to this comment
    what’s it like to actually live in leaky condo thats being repaired?

    Oh oh! I know! I know! completely awful.

    Do I win a prize?

    Current score: 0
  4. 4
    VHB Says:Reply to this comment
    Hey Lager. Dya really think that the landlord would come after you if you broke the lease? What would be the legal costs of that vs the expected benefits? Of course, since they likely couldn’t find anyone else to take the place, maybe it would be worth their while.

    But me, I would just take my lumps and get out of their with my sanity; thanking heavens that I’ll I’m losing is my security deposit and not 118K for repairs.

    Current score: 0
  5. 5
    Drachen Says:Reply to this comment
    Wow, look at the listings today!

    An increase of 182! We haven’t seen days like that since July. If this keeps up we’ll rocket past the 20,000 ceiling in no time!

    For those who don’t know I’m talking about Paul’s numbers.

    Current score: 0
  6. 6
    Anonymous Says:Reply to this comment
    Paul b numbers are fake not reliable there was no day end of last month when inventory show in the 17,000 to match official statement but it was showing 20,050 something.

    Only crying bear can buy those fake numbers.

    Current score: 0
  7. 7
    patriotz Says:Reply to this comment
    It’s going to take a while to recoup that in rent.

    More like never, if the owner had purchased the condo new (1994, near the top of the market), or at any time since 2003 or so.

    Current score: 0
  8. 8
    Time Says:Reply to this comment
    RVW_0824 on last thread Says:
    “your property is worth what your neighbour sold for…not what it used to be worth or what you think its worth.”

    Imagine a seller donate his property for free or for $5.00 may be looks funny but learn some math buddy first you had compare rent for condo to a house now you are making a fall because a neighbour decide to sell his property on low prices a “smart buyer” will be partying whole year,it does not bring the market price down unless multiple unit in that area get sold for low prices.

    Go buy leaky condo and become rich because if you can manage your girl friend it’s easy to manage leaky condo,most of condo leak once or twice per their life term.“If you had miss the boat then buy leaky condo and enjoy your life.”-Canadian Idle.

    Current score: 0

  9. 9
    Anonymous Says:Reply to this comment
    Time you are the stupidest person on Earth!

    Current score: 0
  10. 10
    RJB Says:Reply to this comment
    I know someone who bought a leaky condo. Their assessment was $64,000. They bought the place for $159,000 (it’s in the burbs). A unit with the same plan in the building is for sale at $209,000. Even before fees, they would lose money if they sold it today.

    Current score: 0
  11. 11
    Vansanity Says:Reply to this comment
    With a leaky condo, you have to realize there are tonnes of parties (each subtrade/architect/engineer/consultant/contractor/developer/realtor[s]/etc…), endless amount of paperwork (reports, expert reports) from engineers, architects, contractors and the like. The whole process from finding a leak, to repairing it, to dealing with the deficiencies in the remediation, it can go on forever.

    Most the people I meet that live in condos have been through some sort of issue/assessment. All of them are very irritable, angry and frustrated. I don’t know how people do it. How they pay hundreds in strata fees per month just to deal with useless strata councils every day and still maintain their sanity? Vansanity, indeed.

    Current score: 0
  12. 12
    Macronomics Says:Reply to this comment
    Replying to #2.
    I think the tenant DOES have the right to break the lease.
    All tenants have the right to peaceful enjoyment of the premises.
    The daily construction noise and not to mention the construction workers actually coming into the suite.
    These already violate a tenant’s rights.

    Current score: 0
  13. 13
    DonkeyXote Says:Reply to this comment
    “jolted me awake at 8 AM…”

    Just not feeling his pain here.

    Current score: 0
  14. 14
    Warren Says:Reply to this comment
    My mom bought one of the most infamous leaky condos in the lower mainland. She bought in 1992, sold in 2003, broke even in nominal dollars. It’s pretty sad.

    Now my rental building is discussing some maintenance issues, more on the preventative side, and we are having a tough time getting it passed, because extra fees require a 75% vote from the owners. Some people need a serious education on what can happen if we don’t handle this problem early.

    Current score: 0
  15. 15
    Anonymous Says:Reply to this comment
    “jolted me awake at 8 AM…”

    Just not feeling his pain here.

    Maybe he/she works for a living, and in case you weren’t aware many people work non standard hours.

    Current score: 0
  16. 16
    Mold City Says:Reply to this comment
    DonkeyXote: Anonymous beat me to it. I fail to see how waking up earlier warrants more sympathy. Many people work out of their home as well, and construction can be very distracting. Is it only people that wake up at 6:00 am and go to work in a shop or office that deserve sympathy?

    Current score: 0
  17. 17
    Warren Says:Reply to this comment
    After reading the blog a little it seems like that person works from home.

    I’ve lived in a downtown condo when another was being built across the street. The noise was 6am to 6pm, 6 days a week. Not the same as somebody working on your neighbour’s balcony, but still enough to wake you up.

    Although there is inconvenience, this guy comes across as a bit of a whiner.

    Current score: 0
  18. 18
    ted Says:Reply to this comment
    Warren are you complaining about someone complaining?

    Current score: 0
  19. 19
    Bubble Lad Says:Reply to this comment
    I would never buy a condo at ANY price in Vancouver. What a nightmare. You’d have to have rocks in your head!

    Current score: 0
  20. 20
    patriotz Says:Reply to this comment
    Some people need a serious education on what can happen if we don’t handle this problem early.

    “Experience keeps a dear school, but fools will learn in no other.”

    Ben Franklin

    Current score: 0
  21. 21
    Lager not Logger Says:Reply to this comment
    VHB, I suspect they would come after you for the lease - it would be a hassle, but they have the extra bills to worry about and a place that would be difficult to find tenants for. In remediation they’d probably get half the remaining lease back, but who knows?

    I agree though, at least they don’t owe an extra $100k!

    Current score: 0
  22. 22
    Bubble Lad Says:Reply to this comment
    I think someone needs to look into the rental rules. I was of the understanding that all rental properties in Vancouver where on a month by month basis. I don’t think you are actually under any legal obligation to honour anything else. It looks like more of a “gentleman’s agreement” (pardon the gender bias).

    Current score: 0
  23. 23
    Mr. Market Says:Reply to this comment
    The Vancouver real estate market is toast. I have realtor friends who’s income’s have dropped drastically because they are not selling anything. They also own a bunch of cashflow negative investment units that they cannot unload and that are now threatening to suck their savings as their current income is in free fall. They are worried about bankruptcy.

    One guy has looks like he’s lost 20 lbs over the summer due to worry.

    Current score: 0
  24. 24
    Mr. Market Says:Reply to this comment
    The wave of foreclosure will begin this winter when people like my friends start loosing income and savings begin to dwindle.

    This will be th winter of RE discontent.

    Current score: 0
  25. 25
    VH Says:Reply to this comment
    This is my first time - so if I’ve screwed up the link, sorry, but see rental rules below. This is from the BC Tenant Resource and Advocacy Centre. You may want to get in touch with them to clarify a specific situation but this is what it says:

    Breaking a lease
    If you need to break a lease, be aware that you may have to pay rent until your landlord rents the place out to someone else or until the term of your lease is over. This is what a lease means whether it is stated explicitly in the agreement or not.

    http://www.tenants.bc.ca/facts.....htm#before

    My experience with breaking a lease is that I had a fee (about $200 - 6 years ago) deducted from my damage deposit and the balance returned. I contacted the Tenants Resource Centre and they told me that the fee is supposed to cover the costs to the landlord of finding new tenants (ie. putting ads in the paper). I was advised by the Tenant Resource centre that in practice this should be no more that $200 - 300 or I would have ample grounds for pursuing the balance in arbitration.

    I don’t know what would have happened if the landlord would have been unable to find new tenants - which appears to be the most likely scenario in this case. I would recommend contacting the Tenants Resource Centre with any specific questions - I have found them to be quite helpful in the past.

    Current score: 0
  26. 26
    romeojordan Says:Reply to this comment
    Mr.Market,
    I know a similar realtor He/SHE medallion club….can’t sell the spec property…000’s of mtg payments per month but no income….
    Sad state of affairs.

    Current score: 0
  27. 27
    john Says:Reply to this comment
    Living in a leaky condo is a dream lifestyle. This is especially true in Yaletown where all the rich asians live. The best part is being right where the action is. The sounds of nail guns and grinding are exactly what I like to live with.

    Current score: 0
  28. 28
    YLTNBoomerang Says:Reply to this comment
    Oh the leaky fun! When I sold my first place in 2002 (I thought the market couldn’t go up any more) I moved into my buddies wife’s place that they couldn’t sell after getting married (couldn’t sell because it was under a tarp). The place was a 1 bdr, no den, about 900 sqft on 14th and Oak. they charged me $400/month as nobody would rent it in the semi-construction state. I stayed there a year until a pre-purchase townhouse I had completed then moved out (would have sold the townhouse but things kept going up???). Living in that place for $400/month was fine; paying market rent would not have been acceptable.

    The funniest thing about living there was the random construction workers I would wake up to looking in my window. I’m not very shy so I’d wave to them as I got up, ask how there day was etc (regardless of what I was wearing). What makes it funny is when I would have gf’s stay over and watching them freak out in the morning as the construction guys were looking in - I’d get up (sometimes in the buff) say hello, and then close the blinds so she could get up in privacy. The construction guys loved it (it gave them a laugh), particularly when I dated this one girl that was a bit of an exhibitionist!!!

    Ahhh, the good ol’ leaky condo. Would I do it again? I would; the long-term gf refuses…

    Current score: 0
  29. 29
    RJB Says:Reply to this comment
    John,

    I live in the West End and it really sucks. None of the old buildings are leaking so I never get to hear grinding and banging. It’s so quiet and peaceful, I think I am really missing out on the fun.

    Current score: 0
  30. 30
    Just Kidding Says:Reply to this comment
    I have a feeling the market is going to take off like crazy.
    Prices will increase single digit this year, and next, and as we get closer to the olympics, there will be a spurt of bidding wars.

    Just kidding

    I’ve posted this on Chipman’s blog and he has banned the comment, has anyone else been banned?

    Current score: 0
  31. 31
    blueskies Says:Reply to this comment
    I have a feeling the market is going to take off like crazy.

    just lie down until the feeling goes away…..

    Current score: 0
  32. 32
    Mold City Says:Reply to this comment
    Six months in a leaky condo

    When I bought a presale, I wanted to be wealthy
    That’s the life for me, living by the sea
    Spirit of investor, condos are worth their weight in gold
    The lust of a speculator, will acknowledge no fear
    I remember you by, thunderclap in the sky
    Lightning flash, tempers flare, join the strata if you dare
    I just spent six months in a leaky condo
    All my equity is gone oh

    Vancouverite, rugged individual
    ignore the fundamentals, its the best place in the world
    The shouting of the bloggers, didn’t stop the bubble here
    So why should it stop me, I’ll go bankrupt but stay free
    Ah c’mon all you lads, lets forget and forgive
    I’d like to stay dry, but this building leaks like a sieve
    I just spent six months in a leaky condo
    Six months in a leaky condo

    Ship-wrecked market can be cruel
    Don’t be fooled by the boom
    The tarp on my walls
    Will protect and prevail
    I just spent six months in a leaky suite
    and all the hallways smell like feet

    With apologies to Split Enz.

    Current score: 0
  33. 33
    Just Kidding Says:Reply to this comment
    Hi Blueskies,
    I drove by the Rupert property listed by, retarded Aaron, of Chipman fame, and I noticed the” gorgeous Italian” house had a “new price”, sticker.
    I ‘m banned from the Chipman blog, so could you ask him if the price change is for a price increase or decrease?
    I would imagine that with the Olympic fever heading for a crescendo, and the fact this is the best place on earth, and we are running out of land, the price of that fine piece of architecture must have gone up.

    What a stylish beauty !!!

    Current score: 0
  34. 34
    Just Kidding Says:Reply to this comment
    could somebody please post the above message on the spinmasters blog?

    Thanks

    Current score: 0
  35. 35
    Anonymous Says:Reply to this comment
    Sun, May 4, 08 at 12:01 AM
    I’ve written several comments about the journlistic integrity of this article and none of them have been posted, yet some moron calling himself Krissh (comment 7) said incomes have tripled in ten years and you’ll publish that? [Moderator's note: The rules of this forum are simple - don't curse, don't be racist, don't be sexist, and don't say anything about anyone that could be considered libelous - including employees of the newspaper. By all means, disagree with what's in the piece, but as is said over the comment posting box above... 'keep it clean.']

    Current score: 0
  36. 36
    pricedoutfornow Says:Reply to this comment
    I, for one, can’t believe the mentality has changed so drastically. Met with three different clients today who all had the same opinion- “prices are going down, it all got out of hand, too many speculators.” A few years ago it would have been “Real estate never goes down! Prices are going to the moon!”
    Oh how times have changed.

    Current score: 0
  37. 37
    Just Kidding Says:Reply to this comment
    Thanks annon, the pimps and pumpers need to be challenged, they have profited from the mess they have created, and they would love to go on unchallenged.

    Current score: 0
  38. 38
    crabman Says:Reply to this comment
    I know a guy who bought an investment property in that building in 2005. He was renting it out as an executive apartment (high priced, furnished, short-term rental). I can’t imagine he can still charge high prices with all the construction going on there. So 3 years in, he is looking at equity disappearing, a $118k assessment and no rental income? Ouch!

    Current score: 0
  39. 39
    Good Poiint Arit Says:Reply to this comment
    Arit:
    shhh, don’t put ideas in peoples heads:

    “The easiest “vengeance” is typical: Whenever visiting the library, friends or office depot, log into the website and post venom. This causes many sites to close posting from anons, and then they lose popularity. It is a lose-lose situation for the blog owner.”

    Of course if you have a wireless laptop you can log on from all over the neighbourhood or if you live in a high rise you can log on under so many names, as well.

    Current score: 0
  40. 40
    Drachen Says:Reply to this comment
    Just Kidding

    “I’ve posted this on Chipman’s blog and he has banned the comment, has anyone else been banned?”

    Oh yeah, he really does not want to hear the other side of the story. He wasn’t too bad when he could still pretend there wasn’t going to be a serious crash, but now he’s unbearable (Oh god I’m funny, aren’t I funny?).

    Current score: 0
  41. 41
    Deliverator Says:Reply to this comment
    I rented a leaky condo for two years. I got the place for below market rent, with the understanding that the repairs would take only six-seven months.

    The first six months there were construction free, and great. The next year and a half… less so. Banging from 7-5 every day, six days a week. One time I was woken up with drywall dropping on my face from the hammering that was taking place on the wall directly outside.

    I woke up several times with a construction worker heaving out my bedroom window and stepping inside to work on the frame. (I was told they would have to get permission in advance to enter the place, but that didn’t seem to apply if they were coming through the windows.) Why they had to remove and replace each window umpteen times, I’ll never know, but I get a chuckle every time I remember the foreman looking at this same window that had been in and out several times: “Who does work like this?!”

    I’d never do it again.

    Current score: 0
  42. 42
    DonkeyXote Says:Reply to this comment
    DonkeyXote: Anonymous beat me to it. I fail to see how waking up earlier warrants more sympathy. Many people work out of their home as well, and construction can be very distracting. Is it only people that wake up at 6:00 am and go to work in a shop or office that deserve sympathy?

    Obviously you guys didn’t bother reading his blog.

    Current score: 0