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April 25, 2016, 4:20 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

1) Do your due dilligence when choosing a tenant. When you find a good one that wants to stick around, recognize the value provided by both parties by not being a douchebag and running your rental business in the spirit of legislation drawn up by the tenancy act. Residual risk is your cost of doing business.

2) Don't rent out in a building where the strata doesn't allow rentals. Otherwise, see 1).

3) Again, see 1). I was in the last apartment I rented for 2.5 years. In that time I cost my landlord the cost to repair a leaking, cracked shower fitting, and the cost to repair a towel rail that came out of the drywall. The latter I fixed myself and just sent my landlord a receipt for the hardware from home depot.

If you do the above math and decide it isn't worth the cost of doing business to you and would rather leave the property empty and still figure it's worth your return after all relevant fees, taxes etc, then all the power to you.

Im no landlord but that's my take on why so many rentable places sit empty which is a bit of a shame.

Im sure shitty landlords would just fuck people over if they changed the rules in their favor. as usual is the 20% of the population that are the shitheads that ruin it for most.

April 25, 2016, 4:02 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

Your views on this are not unique and quite honestly it is the reason that perfectly nice people feel OK making unethical decisions and forcing their tenants to make really hard life choices on an annual basis. There is a reason the tenancy act capped rent increases and why landlords have to utilize fixed term leases to avoid these laws.

In my situation the owners bought the place 4 or 5 years ago, at a much lower rate and I am sure they calculated costs, analyzed their risk and made their decision on the market at that time. They claimed they wanted long term tenants (and I claimed I would be one… snickers), but unless they thought I would be getting a 20% annual raise I am suspicious of that claim.

The finger should be pointed at the landlords, end of story. If they didn't subvert the tenancy act every chance they get the there would be some stability in the market, but instead there are families all over town scared shitless once a year that they will be out on their asses looking for a new place to put a roof over their heads.

Limiting increases is one thing but I think the real rub that people fear is

1. they cant get rid of a shitty tenant without a huge hassle.
2. Big headaches with your strata because your tenant is a douchebag.
3. half a months rent damage deposit dosnt cover real world costs in many cases.

so places sit empty because its just not worth the pain in the ass. At least in my friends case he at least uses it for the two weeks holidays he spends here.

April 25, 2016, 2:10 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

Some observations from a business trip I just took to China last week. for kicks I asked a handful of pretty successful folks (chinese buisness owners) if they would buy in Vancouver at today's valuations. the answer is pretty much yes from all of them. Sitting on Cash and wanting to get it out of China is the biggest reason,making a return on that investment is not even a concern. there is a general lack of trust of the Chinese government and so as long as your money is stuck in china, its a risk.

Other tidbits, Shanghai condo market is also super hot, up 20% this year, there is alot of Cash looking for investments. I also have a friend over there who has a metro town condo that he dosnt bother to rent out because he feels the tenancy act favors the tenants to much and makes it prohibitive to be a casual landlord.

April 14, 2016, 4:30 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
MBR: (Motor Bike Related)

Thanks for the offer but I wanted to try the MT43 anyhow so will run a new one on the rear. I'll bring a new front with me but will try the MT21 for the first day, sounds like it won't be an issue.

I have one of the other trailtech speedo units, not the voyager. Engine temp and warning lights work great but the air temperature is ridiculously inaccurate. Tach seems to work pretty well but like any digital unit its a bit jumpy compared to an analog tach. GPS seemed like an expensive but pointless gimmick to me, as I normally use my phone as well as my Inreach for tracklogging and navigation.

you get into some crazy places on the snow bike. Imgine bushwacking though the forest at 15kms an hour. no trails just go where you can fit your bike through. its easy to get pointed the wrong way

knowing where your tracks are without pulling out the phone would be great.

April 14, 2016, 2:23 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
MBR: (Motor Bike Related)

Anyone use a trailtech Voyager? https://www.rockymountainatvmc.com/p/3311/29868/Trail-Tech-Voyager-GPS-Computer

the engine temp is necessary and the RPM and GPS breadcrumb trail features would be sweet on the snowbike and I think would be a nice add on when my 500 is in Duel Sport Mode.

they look kind of cheap tho.

April 14, 2016, 2 p.m.
Posts: 9,747
Joined: Nov. 20, 2002
MBR: (Motor Bike Related)

I have used Michelin trials tires you can have. front and rear . worn but probably hook up fine on that stuff.

I just like being the new tire hero

April 14, 2016, 11:35 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

so wheres the top? If you have finally come to your senses … when do you bail?

Is there anybody reading this who left and regreted it?

Up here Smithers RE is stalled or slowly going down, terrace RE peaked with the Rio tinto upgrade finishing, hy 37 power line is finished, mining is down, probably no pipelines will get built,times are looking tougher than they did a year ago

good thing I got that million

except its one month at a time eh?

hard to pull the pin unless you have a job or enough to cash out. a Million is borderline if you ask me. depends kids/lifestyle and how much you dont like your current gig

April 14, 2016, 9:14 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

sweet jesus i sure hope..:banana:

maybe just maybe a working guy might be able to you know actually afford to buy/afford to live in a city were he works instead of just treading water going no were….

weird idea…

Id bet a big sell off will prices retreating to what they were 10 months ago.

April 14, 2016, 9:13 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

This.

First time in the 10+ years that I been following the market where the prices are so high its enticing people who had no intention to sell, to list their properties at ridiculous ask prices (that they seem to be getting.)

I don't know if this is a classic "blow off top" or just another year in the never ending Vancouver bull market.

Either way - interesting repercussions for the whole province.

if you mid 50s and all of a sudden you got an extra million bux it would be pretty tempting to pull the plug on it.

April 14, 2016, 8:57 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

I know 4 people that have cashed out in the last 6 months

One bought a condo in van and waterfront land on the SSC
One downsized to a condo and put a mil in the bank
One moving to Penticton with bank full of cash cut thier salary in half went on contract and will work from home 20 hrs/week
One moved to Parksville with a bank full of cash early retirement

market feels so frothy right now and overvalued its crazy.

April 13, 2016, 11:20 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

Banks, Realtors, Trades, all the way to the guy selling BMW's to new rich landed immigrants. then all the money that gets pumped into the economy, the Bankers, realtors trades guys spend their money on shit.

Gotta think BC would be pretty hurtin right now if real estate market had went the other way. just look one province east. Long term it probably does just as much damage, but what politician ever looked long term

April 13, 2016, 10:53 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

the amount of boost this has been to the BC economy has got to be pretty high. lots of Reno's and jobs created out of it in a shitty commodity cycle.

tough for a politician to kill the golden goose, even if it is the right thing to do, not to mention all the home owner equity thats been created

April 7, 2016, 8:40 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
Electric Vehicle (EV) discussion thread

government is going to need to replace the tax revenue on gas eventually to maintain the road infrastructure. I wonder how they will do that

April 4, 2016, 7:55 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
Walk mode ski binders.

Yeah well the big thing/the only thing with any ski boot is does it fit YOUR foot??

http://www.tetongravity.com/forums/showthread.php/299861-Tecnica-ZeroG-boot

SO while the technicas don't fit my foot ( cuz I'm a vulcan guy ) I know the technicas fit someones foot and I've heard good things about the Technica AT boots both the cochise [HTML_REMOVED] zero G

http://nikwax.com/en-gb/products/productdetail.php?productid=70

for the snow buildup on skins I can highly recommnend this ^^ stuff, I do mine at home once or twice a season and nothing sticks to the skin, they don't even get very wet, I still carry wax in case but I never need it

I dont think the technicas fit the horseshoe insert for the beasts. Im deep $$$ into getting my Mastreale RS to work for me. max punch and im going to try molding some power wraps I have kicking around.

March 30, 2016, 11:54 a.m.
Posts: 9,747
Joined: Nov. 20, 2002
The Decline of Vancouver.

Don't forget all the ALR land that can't be developed.

but it all will be eventually. we dont need to grow potatos next to Delta port any more than we need to have 600 head Dairy farms in richmond.

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