This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 325 matches

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by HomelessinSD
Wed Jul 15, 2015 11:56 am
Forum: Real Estate Talks
Topic: ruh roh: Chinese Stock Market crashing
Replies: 41
Views: 14543

Re: ruh roh: Chinese Stock Market crashing

Given our weak economy and meagre wage increases, I find it unlikely that there is much more room for price increases or major rent increases This is pretty much what I've thought for a long time. Rents are much like mortgages in so much as people tend to pick a place at the high end of what they c...
by HomelessinSD
Mon Jul 13, 2015 1:33 pm
Forum: Real Estate Talks
Topic: offering on a house with no permits
Replies: 9
Views: 4089

Re: offering on a house with no permits

Pretty silly argument you are trying to engage in... Of course you can do whatever you want - there could just be consequences. I was just providing a link with the actual COV requirements for doing legal work in a home. Just in case someone misconstrued your statement that permits were not a needed...
by HomelessinSD
Mon Jul 13, 2015 12:26 pm
Forum: Real Estate Talks
Topic: offering on a house with no permits
Replies: 9
Views: 4089

Re: offering on a house with no permits

you don't need a permit to do work on your home. I would guess that the vast majority of renos are done without permits. Not sure why this factors in to your offer. If the work is done well your inspector should be able to advise you I guess it depends on what you plan on doing... http://vancouver....
by HomelessinSD
Fri Jun 26, 2015 6:36 am
Forum: Real Estate Talks
Topic: How to find a sugar daddy
Replies: 44
Views: 25276

Re: How to find a sugar daddy

Anyway, there are some ignorant people who don't realize that the Canadian B250 looks great (inside and outside) compared to the equivalent Audi. Mine was fully loaded like an E class. What would the equivalent Audi be? The A3 hatchback is a very different vehicle - looks, performance, etc. As far ...
by HomelessinSD
Thu Jun 18, 2015 7:30 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1152254

Re: Vancouver indvidual property sales details

2970 6TH AVE E MLS® V1126752 1800sqft detached built 1957 33x122 lot asking $898,000 sold for $1,123,000 on 10-JUne after 8 days on the market Older 3 bdrm, 1.5 bath, 1800 sf, 1957 home on nice flat 33' x 122' lot with Mtn top views, lane access, single garage. Home is tnnt'd ($1100 pm) and needs T...
by HomelessinSD
Thu Jun 11, 2015 3:30 pm
Forum: Real Estate Talks
Topic: Poll: Was this property underlisted?
Replies: 22
Views: 6456

Re: Poll: Was this property underlisted?

Oh... I didn't intend to criticized your pay scale or what you did for a living. I apologize if I gave you that impression. Life isn't all about money and corporate success. I was trying to point out that there are local incomes that could support $1.3 million home purchases and used the example tha...
by HomelessinSD
Thu Jun 11, 2015 1:43 pm
Forum: Real Estate Talks
Topic: Poll: Was this property underlisted?
Replies: 22
Views: 6456

Re: Poll: Was this property underlisted?

Sure, I like data and numbers. Let’s start with sample incomes. Two teachers, each with 10 years’ experience and a master’s degree make $83k / year each in the City of Vancouver. That’s $166k / year for working 10 months / year and I think we all constantly hear about how teachers are underpaid… htt...
by HomelessinSD
Thu Jun 11, 2015 12:09 pm
Forum: Real Estate Talks
Topic: Poll: Was this property underlisted?
Replies: 22
Views: 6456

Re: Poll: Was this property underlisted?

$130k / year is not a lot of money, especially for household income. I know of 4 families who have bought in Vancouver within the last 18 months. I'd estimate their annual household income to all be over $300k (with the exception of one - two married teachers who each make a little over $80k / year).
by HomelessinSD
Thu Jun 11, 2015 12:02 pm
Forum: Real Estate Talks
Topic: Bulls cheer. Newbies weep. Solutions?
Replies: 86
Views: 26903

Re: Bulls cheer. Newbies weep. Solutions?

I have lots of friends in white rock, s. Surrey, Morgan creek.

They would strongly disagree with you.
by HomelessinSD
Thu Jun 11, 2015 6:49 am
Forum: Real Estate Talks
Topic: Poll: Was this property underlisted?
Replies: 22
Views: 6456

Re: Poll: Was this property underlisted?

Sorry if this is a re-post...

ETB: you borrowed half of that based for your house. Surely, you must think there are plenty of business professionals making multiples of a social worker / civil servant...
by HomelessinSD
Sat May 30, 2015 9:59 pm
Forum: Real Estate Talks
Topic: Renters are getting hammered too...
Replies: 121
Views: 37915

Re: Renters are getting hammered too...

And my counterpoint is that there might be better investment (real estate) environments than Vancouver, based on price vs income inputs. As usual, the peanut gallery is always counting on continued appreciation indefinitely. sure, same thing was said 5 year ago - since then detached properties have...
by HomelessinSD
Sat May 30, 2015 6:53 pm
Forum: Real Estate Talks
Topic: Renters are getting hammered too...
Replies: 121
Views: 37915

Re: Renters are getting hammered too...

The principle portion of mortgage payment is basically the same as getting stock dividend or having the cash dividend reinvested through the dividend reinvestment plan.
Except it's not.... Thompson, care to explain the difference from a yearly tax perspective?
by HomelessinSD
Sat May 30, 2015 6:50 pm
Forum: Real Estate Talks
Topic: Renters are getting hammered too...
Replies: 121
Views: 37915

Re: Renters are getting hammered too...

Thanks my friend. Your insight and advice is so spot on. You are the Shepard, and we shall be the sheep.
by HomelessinSD
Sat May 30, 2015 2:56 pm
Forum: Real Estate Talks
Topic: Renters are getting hammered too...
Replies: 121
Views: 37915

Re: Renters are getting hammered too...

Lol, well in Thompson''s opinion, you get to spend that principle payment every month.

But seriously, you get the benefit of principle deduction on the mortgage. You owe less...Likewise, you can claim a deductible loss when / if you sell and the property has gone down in value.
by HomelessinSD
Sat May 30, 2015 2:44 pm
Forum: Real Estate Talks
Topic: Renters are getting hammered too...
Replies: 121
Views: 37915

Re: Renters are getting hammered too...

Use whatever rate you want, including interest only... man, you are stupid. :lol: In the old days when interest rate was high, 10% was "normal", almost all your mortgage payment is the interest. Say, a $100k loan at 25 years amort, mortgage payment is $894/m, interest portion is $812.88. There are ...
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