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jimtan
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What to buy Whistler for $400k

Thu Feb 28, 2013 9:43 am

What to buy Whistler for $400k

Is it true that “Whistler condos hpi is down 22% in the last 6 months, ouch!!”?

What to buy for $200-$400k? Is LadyLuck still around?

Not interested in hotel suites. That's essentially the same as a time share.

Not interested in rental income.
 
HAM
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Re: What to buy Whistler for $400k

Thu Feb 28, 2013 9:55 am

What to buy Whistler for $400k

Is it true that “Whistler condos hpi is down 22% in the last 6 months, ouch!!”?

What to buy for $200-$400k? Is LadyLuck still around?

Not interested in hotel suites. That's essentially the same as a time share.

Not interested in rental income.
You're so smart, don't ask the people here you insult.
So jimmy said I missed the dip in Richmond last year. And now prices have fallen even more with no balance in sight! The poor old man is just too old and grumpy!
 
westcoastfella
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Re: What to buy Whistler for $400k

Thu Feb 28, 2013 2:35 pm

What to buy Whistler for $400k

Is it true that “Whistler condos hpi is down 22% in the last 6 months, ouch!!”?

What to buy for $200-$400k? Is LadyLuck still around?

Not interested in hotel suites. That's essentially the same as a time share.

Not interested in rental income.
There may be a way to find out jim, but its super secret, so don't tell anyone!

http://bit.ly/YL9tuJ
 
jimtan
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Re: What to buy Whistler for $400k

Fri Mar 01, 2013 12:37 pm

What to buy Whistler for $400k

Is it true that “Whistler condos hpi is down 22% in the last 6 months, ouch!!”?

What to buy for $200-$400k? Is LadyLuck still around?

Not interested in hotel suites. That's essentially the same as a time share.

Not interested in rental income.
You're so smart, don't ask the people here you insult.
Sorry! I'm looking for feedback and tips from genuine homeowners and successful investors. You have nothing to offer.

Any cursory research would show that the big depreciation is in the condo hotel properties. Here's an insight in terms of BC assessment values.

“The one area definitely impacted by the overall drop in assessment values is the condo market, which fell 12 per cent.

"If you look at the overall (Whistler-wide) decrease, it wasn't that significant. We're talking 3.5 to five per cent, generally. The condo market, the 12 per cent that they are showing, those are condominium hotels that are not generating cash flow for people, so in effect their prices have dropped substantially," said Chiasson.”

http://www.piquenewsmagazine.com/whistl ... id=2446364


Here's a comment about the upgraded Sea to Sky Highway, Naturally, upgraded highway has had a negative impact on hotel room nights. On the other hand, condo ownership appears to be widening in the lower mainland region.

American buyers now down to 6% during 2012.

http://www.piquenewsmagazine.com/whistl ... id=2447087


Finally, here's a comparison. You could buy a 1/4 timeshare for @$150 psf or quality Phase II for as much as $400 psf or Phase I for as low as $350 psf. Typical values in the Village for Phase I and strata is from $600 psf.


http://www.remax-whistler.com/residenti ... s&id=15494

http://www.remax-whistler.com/residenti ... s&id=17931


Your choice. Enjoy.
 
jimtan
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Re: What to buy Whistler for $400k

Mon Mar 04, 2013 9:20 am

Research shows that ham has lied again. Also an anomaly .

Why is the Hilton Phase I so cheap? Only $350 psf.

http://www.remax-whistler.com/residenti ... s&id=17918


Decent building; but old. It was the Delta previously.

Negatives: $29 per nite parking. Negative comments about service.

Are the maintenance fees so high?


http://travel.yahoo.com/p-hotel-359840- ... _and_spa-i


Anyone have experience with this property?
 
HAM
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Re: What to buy Whistler for $400k

Tue Mar 05, 2013 7:34 pm

55-4510 blackcomb way
1 bdr 1 bath 780 sq/ft
Sold in 2008 for 647k

61-4510 blackcomb way
2 bdr 1 bath 723 sq/ft
List 599k
Reduced 549k
Sold 440k on Aug 12

19-4510 blackcomb way
1 bdr 1 bath 709 sq/ft
List 449k
Sold 425k dec 12



3001 brio entrance
1/2 duplex 3 bdr 2 bath 1414 sq/ft
List 659k
Reduced 599k,550k
Sold 512k

31-2301 whistler rd
2 bdr 2 bath 900 sq/ft
Sold Nov 12 for 363k

Unit 34 exact same specs sold for 459k in 2008

All properties above meet Jimmy's standards of non time share and full ownership :mrgreen:

Ill let jimmy whine and cry and say something like I cherry picked or I did this, I did that, oh location, oh its too close to the village, blah, blah, blah bs!

And these declines come at a time where interests rates are at record lows!!! :oops:
So jimmy said I missed the dip in Richmond last year. And now prices have fallen even more with no balance in sight! The poor old man is just too old and grumpy!
 
MultipleOffer
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Re: What to buy Whistler for $400k

Thu Mar 07, 2013 7:32 pm

2 bed townhouse close to village that allows nightly rentals. Look on Northlands/Blackcomb Way.
 
jimtan
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Re: What to buy Whistler for $400k

Thu Mar 07, 2013 9:41 pm

2 bed townhouse close to village that allows nightly rentals. Look on Northlands/Blackcomb Way.
Thanks. Dropping by this April.

Still interested in the Hilton property. Intrigued?
 
MultipleOffer
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Re: What to buy Whistler for $400k

Fri Mar 08, 2013 9:41 pm

there's like a dozen foreclosures in the hilton right now. they are cheap, but you have to sign up to their shitty management agreement that really restricts your use and enjoyment of the property. You have to pay for your unit to be cleaned after each time you check out. Plus its only 28 days summer/28 days winter for your own use. I'd way rather have more flexible ownership... these are cheap for a reason.
 
jimtan
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Re: What to buy Whistler for $400k

Sat Mar 09, 2013 9:37 am

there's like a dozen foreclosures in the hilton right now. they are cheap, but you have to sign up to their shitty management agreement that really restricts your use and enjoyment of the property. You have to pay for your unit to be cleaned after each time you check out. Plus its only 28 days summer/28 days winter for your own use. I'd way rather have more flexible ownership... these are cheap for a reason.
Thanks

The 28/28 is no good. Thought that this was a Phase I?
 
robert james
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Re: What to buy Whistler for $400k

Wed Apr 03, 2013 5:49 pm

What to buy Whistler for $400k

Is it true that “Whistler condos hpi is down 22% in the last 6 months, ouch!!”?

What to buy for $200-$400k? Is LadyLuck still around?

Not interested in hotel suites. That's essentially the same as a time share.

Not interested in rental income.
Whistler is not doing so good... http://bc.ctvnews.ca/whistler-real-esta ... -1.1221964
 
flipflop
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Re: What to buy Whistler for $400k

Thu Apr 04, 2013 6:01 am

Good point about the new highway making it more accessible so there is less need to buy a place (or stay overnight) if you want to ski there or mountain bike if you live in the lower mainland........this is contrary to some thinking before that the new highway would increase demand for property at Whistler.
 
fishguy15
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Re: What to buy Whistler for $400k

Thu Apr 04, 2013 7:55 am

Good point about the new highway making it more accessible so there is less need to buy a place (or stay overnight) if you want to ski there or mountain bike if you live in the lower mainland...
I think that's a convenient excuse. The new highway saves me 10 minutes, hardly enough time to make a difference in a purchase if I were in the market.
 
dot com refugee
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Re: What to buy Whistler for $400k

Thu Apr 04, 2013 12:06 pm

http://bc.ctvnews.ca/whistler-real-esta ... z2PT1UyFnx

Hey JT, why don't you buy five of those phase two properties. Since they've pretty much gone no-bid, you could probably pick up six with that budget. Then you could stay a total 336 days per year.

Lots of doom and gloom up there, might be time to buy. It's a plan so crazy it might just work.

By the way, when you're up there, make sure you check out all the development going on just north of the village.
 
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Warren12
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Re: What to buy Whistler for $400k

Thu Apr 04, 2013 1:48 pm

Good point about the new highway making it more accessible so there is less need to buy a place (or stay overnight) if you want to ski there or mountain bike if you live in the lower mainland...
I think that's a convenient excuse. The new highway saves me 10 minutes, hardly enough time to make a difference in a purchase if I were in the market.
Yes. I think you could easily argue it's more convenient to get to your property more often and enjoy it. The question is, will Whistler remain a top destination? They aren't building any more land that you can ski-in, ski-out from. If you're looking to invest in the area, keep your eyes open for a bottom. I'd say there will be some deals to be had and it will bounce back in the coming years.

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