Posted by: XXX_er
you have posted 2 links a custom built 5300 sq ft home and an 1100 sq ft condo which have absolutely nothing in common
What they have in common is the price.
How much do you know about financial independence?
Posted by: Couch_Surfer
"ship has sailed"....
Prince George. 1.25M; 5000 sq ft; 1.1 acre lot: https://www.realtor.ca/real-estate/26940895/9157-sunset-place-prince-george
Vancouver. 1.27M; 1100 sq ft; no lot; : https://www.realtor.ca/real-estate/26673891/352-555-e-2nd-street-north-vancouver
I think people can still make the RE arbritrage game work
I'd take the condo hands down.
Posted by: Kenny
I'd take the condo hands down...
Looks like it's sold?
Posted by: switch
Posted by: Kenny
I'd take the condo hands down...
Looks like it's sold?
Not surprised. I'd love to own something in that area to downsize to when I retire. Rent/airbnb in the meantime.
I lived in the PG area for the first 18 years of my life. That house is beautiful, but you'd buy that because it's the lifestyle you want, not as an investment.
You'd have to commit to living there as a primary residence. Remote, landlocked, single-industry town with harsh winters. Hard pass. I'll take the 3 minute walk to Beere brewing. No contest.
Posted by: Fast-Orange
I don't wan't to live up there though. I found northwestern BC to have a generally grim vibe about it. Our plan when we eventually sell the new west condo will be to move somewhere quieter but we're thinking Powell River, Texada or one of the other nearby Islands.
I dunno, bunking with three sheets would be one hell of an adventure.
You could go anywhere in BC, Kootenays have a strong pull for me. Still realtively cheap housing and the lifestyle ammenities- bike, board, hike - are all pretty damn good. Depending where you go land can be had cheap, so can fixer uppers.
But if you do heckler's magic investing plan and roll the dice and hit with a few of the right stock picks then you could rich enough to buy up a whole block in North Van and create your little compound in the city.
The end goal is to have enough passive income to float your lifestyle, the magic is figuring out where those two things meet.
Posted by: three-sheets
There are truck nutz and fuck trudeau types everywhere. The farmers market is like a florida gun show.
No wonder you love it up there.
Posted by: syncro
But if you do heckler's magic investing plan and roll the dice and hit with a few of the right stock picks
With Heckler's plan you always have the right stock picks. No dice rolling required.
OK, you also get all the other stocks.
We don't own a whole city block in NV or mansion in PG, but it's paying the rent for our penthouse apartment in Comox with 270 degrees mountain views ;-)
Too the moon!!! LFG!
Posted by: heckler
Too the moon!!! LFG!
Lots of available land on the moon but difficult to build a house there, also you have to fly your rocket everywhere, rocket fuel prices are through the roof lately.
No, when it comes to geo arbitrage the moon is not on my radar.
I hear rocket leases are pretty affordable compared to a typical GVRD mortgage.
Posted by: BC_Nuggets
I hear rocket leases are pretty affordable compared to a typical GVRD mortgage.
As affordable as leasing an Acura?
Posted by: syncro
Posted by: Fast-Orange
I don't wan't to live up there though. I found northwestern BC to have a generally grim vibe about it. Our plan when we eventually sell the new west condo will be to move somewhere quieter but we're thinking Powell River, Texada or one of the other nearby Islands.
I dunno, bunking with three sheets would be one hell of an adventure.
You could go anywhere in BC, Kootenays have a strong pull for me. Still realtively cheap housing and the lifestyle ammenities- bike, board, hike - are all pretty damn good. Depending where you go land can be had cheap, so can fixer uppers.
But if you do heckler's magic investing plan and roll the dice and hit with a few of the right stock picks then you could rich enough to buy up a whole block in North Van and create your little compound in the city.
The end goal is to have enough passive income to float your lifestyle, the magic is figuring out where those two things meet.
Three sheets hates me anyways so some scenario where we are forced to be roommates would probably make a good sitcom.
Kootenays is alright but I'd rather be closer to the ocean and remote enough that I don't need permits for renovations.
For myself I'm more interested in a form of semi-retirement when I'm older where we own our home outright and can live off a small income . Guys that spend their lives doing physical work usually break down and die pretty shortly after retirement and I am inclined towards the kind of laziness that would make that happen even faster. I need the survival motivation to not let myself go. Financial independence would literally kill me.
Texada fixer-upper for 400k
Sweat equity. I'd turn this place into a dream home. I've actually been in this house before as an old friend of mine lives across the street.
It's not like prices in the sticks are gonna completelt detach from prices in the lower mainland somehow. No matter what the market does our condo should still be able to get us a small house somewhere remote. This isn't happening for another 10-15 years anyways...
Jesus, that looks like it needs bull-dozing and starting afresh...
How much does it cost to clear a plot like that???
I presume you'd have next-to-no chance of getting any trades people in so any work is gonna be DIY...
Last edited by: SixZeroSixOne on May 31, 2024, 11:51 a.m., edited 1 time in total.
Posted by: three-sheets
Posted by: BC_Nuggets
I hear rocket leases are pretty affordable compared to a typical GVRD mortgage.
As affordable as leasing an Acura?
good one though!
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