Comments on: Buy a house, get a free car.

By: xnedra

xnedra — Fri, 10 Sep 2010 14:05:51 +0000

I think I've got an even better rent deal that most of the posts I've seen on here. It's in New West, but in the Queen's park area (super nice and close to all amenities and skytrain.) Also is 1 bed but at least 700sqft. $750 a month, includes heat, hot water and full cable

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By: Bilbo Bloggins

Bilbo Bloggins — Wed, 07 Jul 2010 09:21:45 +0000

@CashedOut:

Forgot to address your high rent question.

Compare rents in Vancouver to Toronto or Calgary.

High end condo like Waterfront in Eau Claire (Calgary) is 2850 for 915sf.

You can get into Shangri-La 1100sf for 2850.

Yes, living in downtown is expensive everywhere.

Think 2850 is a lot to pay for rent? That is cheap.

Consider mortgage payment would be easy 4600.

Amateur condo landwads don't know how to calculate their ROI.

They don't factor in holding costs, property taxes, or strata.

Everything is dependent on finding that sucker buyer.

Yet they wont be able to handle the worse case scenario.

Which is holding the darn condo for 35yrs while losing over 2000

a month during that time.

Rents are dependent on local incomes.

They are not guaranteed to rise over time.

But you can be assured that taxes, interest rates, and strata fees will.

If you make less than 70K, you should not be in downtown.

My advice to lower income earners, find a nice basement

suite near transit. They don't have the same appeal as

an apartment, but your dollar will go far.

And there are many newer or newly renovated suites for

rent at reasonable prices all over the city.

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By: laneway

laneway — Wed, 07 Jul 2010 08:32:02 +0000

@CashedOut: Rent $1350, 2 bed, 2 bath 977 sq feet 6 year old building market value est $400k

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By: Bilbo Bloggins

Bilbo Bloggins — Wed, 07 Jul 2010 08:21:21 +0000

@CashedOut: Sure, my numbers 2550 rent. Mkt value 1.25M Renting gives you huge intangibles. Mobility is the biggest one. I hate fixing things. Once the condo I'm in hits 5yrs or more its time to move. Ya call me a leech. Hey I didn't set this system up.

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By: superduperbulltime

superduperbulltime — Wed, 07 Jul 2010 08:15:24 +0000

Well bear now that Canadian in running for podium finish in TDF real estate market about to take off like Contador after cobble stone crash. Bear will be lying on side of road in pain like Frank Schleck after market double in next 3 year. Just like TDF you never know what can happen. Ryder Hesjedal was domestic for Vandevelde two days ago bear and now maybe podium in paris.

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By: realpaul

realpaul — Wed, 07 Jul 2010 07:47:41 +0000

Royal Le Crap article soft sells the obvious.

http://www.vancouversun.com/business/House+prices…

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By: chip

chip — Wed, 07 Jul 2010 02:48:23 +0000

@Man does registering screw things up: "Can be viewed evenings weekdays or weekends during the day. " Can also be seen if you shade your eyes and squint really hard.

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By: Man does registering

Man does registering — Wed, 07 Jul 2010 00:31:03 +0000

Man this it too funny; http://vancouver.en.craigslist.ca/nvn/apa/1829569... Yeah, I'll live in your tool shed and pay you too!! Can I bring my kitties? http://www.youtube.com/watch?v=j-_34Uflm5Q

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By: zug zug

zug zug — Wed, 07 Jul 2010 00:11:18 +0000

Also to compute price to rent I think you should subtract the strata fee from the rent, to show what you would actually save by buying. For me it is something like $150/mo, and the places sell to lunatics for 180-200k, so the ratio is 225-250x. Not that I would buy the place.

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By: zug zug

zug zug — Wed, 07 Jul 2010 00:04:15 +0000

Abbotsford, $950 for 950 sqft includes heat.

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