Rent to own?

At least one local developer has struck on an ‘innovative’ way to rent out their property: rent to own.

Just like TV and Furniture in the 80s, you can rent to own a condo.

Under the plan, 15 per cent of a tenant’s monthly rent goes into a credit account. That money can then be used in the future for a down payment on a new Bosa home purchase, to a maximum of three per cent of the home’s value.

This should appeal to someone who is having difficulty finding a unit for 15% less and putting the money away themselves.

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Oracle
Guest
Oracle

International students are in school and being taught in public schools right now.

Local students are shut out.

Do you still question who BC belongs to? The Locals have been brainwashed into oblivion.

mac
Member
mac

Wow. $2500/month and it’s as much Yaletown as Boomerang’s rental dump is Cambie Village.

mac
Member
mac

Rents sure are expensive in this town. You bears should bend down and blow Bosa for giving you a break.

mac
Member
mac

In the old days, if you lived in a mining town, the company you worked for built your house, owned the stores in the town centre they built and after a while they realized they could just pay you in chits. Which you’d exchange in the company stores. Just one step up from feudalism.

That’s where you bears are at today. You’re only way into the market is to bow down. Give your life savings to Bosa so he can give you a teeny tiny break on costs. You should thank him.

mac
Member
mac

Ban me.

beige and blu
Guest
beige and blu

Formal education and relatively unpolluted cities and countryside, is all Canada offers the Asian. Perhaps a greater ability to leverage loopholes and Swiss type banking are two others that come to mind. Anything else?

patriotz
Member

“foreclosure monitor: on that list, there’s a vancouver foreclosure case that is Scotia Mortgage Co vs Bank of Montreal.

https://eservice.ag.gov.bc.ca/cso/viewNewCaseReport.do (page 13)

Any idea what that’s about? Do banks foreclose from other banks?”

Most likely one bank holds the 1st and the other the 2nd, if the 1st forecloses the owner of the 2nd is in effect the foreclosee as the 2nd is junior to the 1st but senior to the owner.

UBC in Crisis Mode
Guest
UBC in Crisis Mode

Someone owns a 2-bed room condo at UBC, worth about $600,000.

Got a phone call from CIBC, and offered a line of credit of $400,000 at 3%. Wow, the bank needs business!

patriotz
Member

@8:

I think UBC owns the condo. Someone leases it.

mac
Member
mac

Patriotz knows everything.

mac
Member
mac

How is it humanely possible? An erudite philosopher’s stone. A tidier of factoids.

mac
Member
mac

I want to be like Patriotz. But I’ll take the other side so that all corners of this tight space we call a blog are neat and tidy. Beige and blu–you are incorrect. They don’t really go to the countryside. But they do eat food. Lots and lots of Asian food and it’s very good here and in TO. So they come here to eat. In restaurants. Downtown. Which you bears are being pushed out of. Anyone take a walk along the Robson/Denman corridor? It’s delectable. Downtown is for Asian and Korean students. Not for gays anymore. The smart ones bought years ago. But the really, really smart one sold and rent next door to Boomerang on Tent City park.

Son of Ponzi
Guest
Son of Ponzi

There used to be a time when Robson Street was called Robson Strasse.
Where can I feed my hankering for Wiener Schnitzel, nowadays?

mac
Member
mac

Wow. Nothing to rent in the OV:

http://vancouver.craigslist.ca/search/van/apa?bathrooms=2&bedrooms=2&query=olympic%20village%20condo&sale_date=-

South east false creek nets almost nothing at all

http://vancouver.craigslist.ca/search/van/apa?bathrooms=2&bedrooms=2&query=olympic%20village%20condo&sale_date=-

Better get in line to blow Bosa. Mortgage rate wars are just staring. Bosa understands this market. He knows you will spend a million bucks on shelter in your lifetime. He wants to be the orifice you make your monthly deposits into whether you rent or buy, he can’t lose.

mac
Member
mac

Ponzi,

If you’re not too hungry @nus has a little one!

Bob the builder
Guest
Bob the builder

….Local students are shut out….

Well that explains the explosion in turd posts.

Son of Ponzi
Guest
Son of Ponzi

As many Landlords are Chinese, you must read the classifieds in the Chinese Daylies to get a true sense of the rental market .

VCI Admin
Admin

Ok Mac, you’ve got your IP ban, hope it brings you some joy.

Son of Ponzi
Guest
Son of Ponzi

#17
Therefore, if you want a good deal on a rental, being fluent in Mandarin is an asset.

mac
Member
mac

Thanks.

mac
Member
mac

It didn’t work. WTF?

mac
Member
mac

Shit. I’m on wireless.

mac
Member
mac

It should help slow me down. But not when I am elsewhere I guess. Enjoying the spoils of central Vancouver.

cris
Guest
cris

mac.

not enough post/sec. Can you up the game? Everyone thinks you can’t do it.

Show your stuff.

Son of Ponzi
Guest
Son of Ponzi

Mac,
I’ll call you BigMac from now on.
Post big or go home.

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