Comments on: The lifestyle is 40% vacant http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/ disown the lifestyle - exposing the hype in vancouver condo marketing and real estate advertising Tue, 27 Oct 2009 19:53:45 +0000 http://wordpress.com/ hourly 1 By: Joe http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3958 Joe Wed, 14 Jan 2009 22:38:13 +0000 http://condohype.wordpress.com/?p=996#comment-3958 I found renting to be quite difficult when I moved to Vancouver in August. There were any number of places available but they were way over priced for some pretty awful living conditions with landlords that didn't speak english. I ended up moving to The Rise because, while it is just as over priced as the other places, at least I'm not living in a slum with a landlord that doesn't care about privacy rights. I found renting to be quite difficult when I moved to Vancouver in August. There were any number of places available but they were way over priced for some pretty awful living conditions with landlords that didn’t speak english. I ended up moving to The Rise because, while it is just as over priced as the other places, at least I’m not living in a slum with a landlord that doesn’t care about privacy rights.

]]> By: Rob Bennie http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3675 Rob Bennie Mon, 29 Dec 2008 22:23:05 +0000 http://condohype.wordpress.com/?p=996#comment-3675 Hey, you copied this story from a poster on Jurock!!! Hey, you copied this story from a poster on Jurock!!!

]]> By: Patiently Waiting http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3656 Patiently Waiting Fri, 26 Dec 2008 22:02:18 +0000 http://condohype.wordpress.com/?p=996#comment-3656 Yeah, I hate it. It embarrasses me as a Vancouverite. I can't wait for post-O news stories and hearing these pigs squeal about the windfall that didn't happen. http://vancouver.en.craigslist.ca/vac/970370899.html $3200 may be fair monthly rent for a nice North Van house. But per night? WTF!!! http://vancouver.en.craigslist.ca/vac/967334037.html This guy doesn't get it. Athletes are poor. They simply don't have $25,000 to stay near the oval. He richly deserves his fate for trying to profiteer off the athletes like that. Let that fate be foreclosure and bankruptcy. PLEASSSSSE!!! I can't wait to see these piggies smoked like bacon. Yeah, I hate it. It embarrasses me as a Vancouverite. I can’t wait for post-O news stories and hearing these pigs squeal about the windfall that didn’t happen.

http://vancouver.en.craigslist.ca/vac/970370899.html
$3200 may be fair monthly rent for a nice North Van house. But per night? WTF!!!

http://vancouver.en.craigslist.ca/vac/967334037.html
This guy doesn’t get it. Athletes are poor. They simply don’t have $25,000 to stay near the oval. He richly deserves his fate for trying to profiteer off the athletes like that. Let that fate be foreclosure and bankruptcy. PLEASSSSSE!!!

I can’t wait to see these piggies smoked like bacon.

]]> By: Jo http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3655 Jo Fri, 26 Dec 2008 09:35:35 +0000 http://condohype.wordpress.com/?p=996#comment-3655 Patiently Waiting - "greed heads" is right. The folk in Edinburgh I mentioned who rent their places out - every year in some cases - aren't greedy about it. They hope to get about one or two month's mortgage payments out of it a year. The result is that people who need accommodation for the event get it at a reasonable price, people who want to make a little extra cash (despite the inconvenience) get to do that. And everyone enjoys the events. If people are going to charge exorbitant prices for accommodation in Vancouver for the Olympics, that's going to give people a very bad impression of the city - as basically it will look like the residents are out to fleece the visitors. And that's not the right approach. They should be welcoming people and charging a price they themselves would pay rather than trying to empty people's wallets. Patiently Waiting – “greed heads” is right. The folk in Edinburgh I mentioned who rent their places out – every year in some cases – aren’t greedy about it. They hope to get about one or two month’s mortgage payments out of it a year. The result is that people who need accommodation for the event get it at a reasonable price, people who want to make a little extra cash (despite the inconvenience) get to do that. And everyone enjoys the events.

If people are going to charge exorbitant prices for accommodation in Vancouver for the Olympics, that’s going to give people a very bad impression of the city – as basically it will look like the residents are out to fleece the visitors. And that’s not the right approach. They should be welcoming people and charging a price they themselves would pay rather than trying to empty people’s wallets.

]]> By: Patiently Waiting http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3653 Patiently Waiting Thu, 25 Dec 2008 01:33:59 +0000 http://condohype.wordpress.com/?p=996#comment-3653 Original Globe and Mail story: http://tinyurl.com/8vyk4w Original Globe and Mail story:

http://tinyurl.com/8vyk4w

]]> By: Patiently Waiting http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3652 Patiently Waiting Thu, 25 Dec 2008 01:29:13 +0000 http://condohype.wordpress.com/?p=996#comment-3652 Developers considering building rental apartments http://tinyurl.com/8cygp2 “According to the Globe and Mail, the Urban Development Institute is holding a workshop in January to help builders understand the market. For the past 35 years, rental apartments have fallen by the wayside and many buildings in Vancouver were bulldozed to make way for condos, resulting in a severe shortage. One developer is in talks with both Vancouver and Richmond, hoping to get a temporary break on property taxes in exchange for a promise to keep the buildings as rentals for ten years or more.” I’m not sure how they will make this work. My guess is either low-end highly-subsidized rentals or high-end with extra special luxuries to try to justify high rents. Either way, this is another kick in the crotch for the specuvestor accidental landlords. Developers considering building rental apartments

http://tinyurl.com/8cygp2

“According to the Globe and Mail, the Urban Development Institute is holding a workshop in January to help builders understand the market.

For the past 35 years, rental apartments have fallen by the wayside and many buildings in Vancouver were bulldozed to make way for condos, resulting in a severe shortage.

One developer is in talks with both Vancouver and Richmond, hoping to get a temporary break on property taxes in exchange for a promise to keep the buildings as rentals for ten years or more.”

I’m not sure how they will make this work. My guess is either low-end highly-subsidized rentals or high-end with extra special luxuries to try to justify high rents.

Either way, this is another kick in the crotch for the specuvestor accidental landlords.

]]> By: anonymous http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3651 anonymous Thu, 25 Dec 2008 00:41:31 +0000 http://condohype.wordpress.com/?p=996#comment-3651 Want to be amused? Do a search for Menkis Court on craigslist. A buddy of mine tells me it's like 80% unrented and asking the same rental prices as the Rise. No wonder. Want to be amused? Do a search for Menkis Court on craigslist. A buddy of mine tells me it’s like 80% unrented and asking the same rental prices as the Rise. No wonder.

]]> By: Publicus Canada » Blog Archive » » Year End Report on Gentrification http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3649 Publicus Canada » Blog Archive » » Year End Report on Gentrification Wed, 24 Dec 2008 12:00:23 +0000 http://condohype.wordpress.com/?p=996#comment-3649 [...] for a good reason, but not everyone has bought-in as villagers fight for comepensation while The Rise sits half [...] [...] for a good reason, but not everyone has bought-in as villagers fight for comepensation while The Rise sits half [...]

]]> By: Patiently Waiting http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3648 Patiently Waiting Wed, 24 Dec 2008 08:09:41 +0000 http://condohype.wordpress.com/?p=996#comment-3648 "Hey complaining renters…… maybe it’s time to buy eh?" You first. “Hey complaining renters…… maybe it’s time to buy eh?”

You first.

]]> By: Patiently Waiting http://condohype.wordpress.com/2008/12/19/the-lifestyle-is-40-vacant/#comment-3647 Patiently Waiting Wed, 24 Dec 2008 08:09:12 +0000 http://condohype.wordpress.com/?p=996#comment-3647 Jo, very interesting. I also saw a local news story recently about how luxury hotels are going to rein in accommodations costs during the Big O. The Winter Olympics will be expensive for tourists (airfare, tickets etc.) and they were concerned that might scare some away, especially during a recession. All these "$1000/night for my Surrey closet" greed-heads will be competing against these industry veterans. They don't stand a chance :^) Jo, very interesting.

I also saw a local news story recently about how luxury hotels are going to rein in accommodations costs during the Big O. The Winter Olympics will be expensive for tourists (airfare, tickets etc.) and they were concerned that might scare some away, especially during a recession.

All these “$1000/night for my Surrey closet” greed-heads will be competing against these industry veterans. They don’t stand a chance :^)

]]>