Quote:
Originally Posted by afc wimbledon
Might be, assuming you can find someone to buy it that doesn't read the strata board minutes properly and so doesn't realise what a shoddy peice of crap most condos are, they are built like cheap DVD players, just well enough not to break until the warrenty expires.
Also the condo market is primarily to younger buyers who want a shiny new place, therefore old condos, even well built ones lose value quickly (although ironically the only well built condos I ever saw were the ceder clad apartments they built in the 70's out here).
No I'd rather own my house, it may be a piece of crap house, but for reasons I will never understand, basic upkeep and maintenance is cheaper.
I can put a new roof on my house for 10 grand, my mates condo gets a tar a gravel reroof and they all get hit for 15 grand. Everything about condos in BC is a rip off, the price is stupid, the things badly built and even the repair costs are a rip.
|
You're fortunate to own a house, but you're talking like both choices are the same price.
Being in Van, you should know as well as anyone that most people simply can't afford a house.
Good for you if you can, but if I wanted even the crappiest house in my neighborhood I'd be looking at close to $1 Million.
Heck, even East Van is getting very expensive for houses.
More so than "shiny new places" condos offer Vancouverites an option they can actually afford in areas they want to live. It's as simple as that.
Calgary is a different matter, but even then detached houses within inner city areas are getting very expensive.