CBC Marketplace

Posted on my facebook news feed and perhaps of interest to the readership:
“CBC’s Marketplace is looking for rental housing horror stories. Are you living with bugs or vermin that your landlord won’t get rid of? Is your apartment falling apart and your property manager won’t fix a thing? Have you had mold but can’t get anyone to come clean it up? If youve got a beef, let the show know: marketplace@cbc.ca.”

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9 years ago

Is it just a summer thing, or is this site taken over by trolls?

Anonymous
Anonymous
9 years ago

Is CMHC in worse shape than Fannie Mae was?
http://www.theeconomicanalyst.com/content/cmhc-wo

paulb.
paulb.
9 years ago

New Listings 192

Price Changes 81

Sold Listings 137

TI:16380

http://www.laurenandpaul.ca

Anonymous
Anonymous
9 years ago

Patiently Waiting needs sexual therapy

Renter/Loser(redunda
Renter/Loser(redunda
9 years ago

I am such a L-O-S-E-R

My 40 ft pet Anaconda ate (3) of the IB students sharing my attic space.

This really pissed of my extremeley rich(ex busker) landlord.

It wasn't the fact he had a no pet policy, or that my snake ate tenants..but now he is short this months rent X's (3).

He now has me in front of the Residential Tenancy Branch,stating I am responsible for the lost rent.

I won my case, saying I am not responsible for the snake, it is an animal.

PS the snake now wants to buy (3) condos, with 5 % down

See, now even reptiles (without Law Degrees) are into the red hot Vancouver market..I am such a L-O-S-E-R !!!!

lol dead cat bounce
lol dead cat bounce
9 years ago

@ lol cats

Your days are numbered.

lol cats
lol cats
9 years ago

wow bears… looks like two more years of low interst rates, your losing streak continues. tough cookies

ReadyToPop
ReadyToPop
9 years ago

Interpreting price-to-income ratios is part art and part science. The price-to-income ratio is useful in visualizing the historical anomaly of the real estate bubble that occurred in many markets between 2000 and 2006. Generally, for markets which have had some stability in price-to-income ratios, deviations from long-term trends tend to be followed by a return to historical levels. This has clearly occurred in all markets that experienced a pronounced housing bubble.

What Goes Up, Must Come Down: Comparing Price-to-Income Ratios Across Markets

Zillow Real Estate Research….settle down on the couch for a very good read…….RTP

Girlbear
Girlbear
9 years ago

Vancouver East & West*

New Listings – 55

Back On Market Listings – 2

Price Changes – 25

Sold Listings – 46p>

Vancouver All Areas*

New Listings -185

Back On Market Listings – 17

Price Changes – 79

Sold Listings – 136

*Attached & Detached – Date: 08/17/2011 Time: 18:26 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed

bubba
bubba
9 years ago

Anyone want to hazard a guess as to (i) WHO authored this ? and (ii)what year ? ============================================================= QUOTE: Under the old salesmanship the manufacturer said to the prospective purchaser, "Please buy a piano." The new salesmanship has reversed the process and caused the prospective purchaser to say to the manufacturer, "Please sell me a piano." The value of the associative processes in propaganda is shown in connection with a large real estate development. To emphasize that Jackson Heights was socially desirable every attempt was made to produce this associative process. A benefit performance of the Jitney Players was staged for the benefit of earthquake victims of Japan, under the auspices of Mrs. Astor and others. The social advantages of the place were projected—a golf course was laid out and a clubhouse planned. When the post office was opened, the… Read more »

bubba
bubba
9 years ago

From Garth's blog

Quote

Just a hunch, but this might be why there are currently 218 houses for sale between $400K and $600K in the town of Qualicum Beach on Vancouver Island’s frolicking Boomer east coast. Population, 8,000. That’s enough listings to last about 20 years.

http://app5.interfacexpress.com/pcs/vancouver_isl

======================================================

Same old same old….

Okanagan South

Li Kai Shing
Li Kai Shing
9 years ago

@Girlbear:

You tell em Girlcougar

I seen that White Knight BS before…coming to rescue of purseived damedsel in duress.

They just mad no-one answer their Craiglust ads

PS Mom always liked them better anyway…

Girlbear
Girlbear
9 years ago

@Survey Says: haha. The day I start worrying about what a blog troll thinks is the day I better hang my hat up.

Now, let's get back to RE talk !

pipewrench
pipewrench
9 years ago

http://www.moneyville.ca/article/1037949–how-lon

Median Canadian household income stands at roughly $55,000 after-tax. This number is what’s left in your bank account if all you had to pay were federal and provincial income taxes. The $55,000 has to cover the mortgage, as well as the cost of kids, food, clothing, transportation, utilities, retirement savings — and maybe some fun if there is any leftover.

Sadly, that pie has grown a mere 10 per cent over the decade, while housing prices have more than doubled.

double the debt load to keep things going….

bubba
bubba
9 years ago

@jesse:

Gerald Celente said he has narrowed it down to 6 simple words of how it works

-Princeton

-Harvard

-Yale…..

-Bullets

-Bombs

-and Banks

Ivy League ?..is like Donald Trump… marketing the brand name to $$$$-U-C-K-E-R-S.

kansai92
kansai92
9 years ago

Currently, there is no incentive to develop or maintain purpose rental units. All govt programs are promoting home ownership so all the incentives are aligned with that initiative.

Developers are building condos and converting rentals into condos.

Hence, marginal renters are facing atrocious conditions.

That being said, amateur condo investors continue to rent out their newer units while bleeding hundreds of dollars every month.

Patiently Waiting
Patiently Waiting
9 years ago

@Survey Says: Yeah that's why I carefully said "I think". I agree, what she thinks is more important.

Survey Says
Survey Says
9 years ago

@Patiently Waiting:

"sexual harassment"

Well, hold on. I'm sure girl bear can stand up for herself. What does she think of the comments?

Devore
Devore
9 years ago

@space889: No rent increases are allowed in the first 12 months of tenancy, or to occur more often than 12 months. If you have a lease with a move out clause at end of term (instead of automatically reverting month-to-month), that's pretty unusual, so hopefully that's something you are aware of, and didn't just sign on the dotted line without reading and understanding.

hxxp://www.rto.gov.bc.ca/documents/GL30.pdf

If the parties do not agree that the tenant must vacate the rental unit at the end of the fixed term, and if the parties do not enter into a new tenancy agreement, the tenancy continues as a month to month tenancy.

jesse
9 years ago

Felix Salmon on school performance

The main lesson of the paper … is that students at highly-selective schools, like Stuyvesant in New York or Boston Latin, don’t seem to perform any better than students who might well have gone to those schools but didn’t. In other words, the outperformance of such schools on tests is a function of how selective they are; it’s not a function of how good the teaching is.

This is an RE blog but let's face it much that drives real estate values has to do with them located adjacent to certain schools that have better reputations, either by word-of-mouth or by standardized test rankings.

ContenttoRent
ContenttoRent
9 years ago

@space889: I don't know the details of the law but this hasn't happened to us yet – maybe amateur landlords operate this way, but perhaps the professionals know better than to lose good, stable tenants by messing around like that.

Actually, when we moved two years ago to a different building (same area and same mgmt company) and had to sign a new lease, our rent actually went down from $1250 to $1000 as the market price had changed, so the market change worked to our advantage.

space889
space889
9 years ago

@ContenttoRent: I don't think the max yearly rate increase applies if you are on a lease and the lease contains a clause that you have to move out at the end of the lease. In such case when you negotiate a new lease, you are exposed to whatever the current market rent is which may or may not be in your favor.

Anonymous
Anonymous
9 years ago

@Patiently Waiting:

Get a life…

sexual harassment ?

Girlbear is funny….bet she's in kitchen whipping up a yummy supper

Patiently Waiting
Patiently Waiting
9 years ago

I think the troll crossed the line with the sexual harassment of "Girlbear".

Anyone who agrees with me, click the up arrow.