“The whole theory of renting being better is flawed. If I can’t just live my life because I am waiting for a crash so I can buy in order to have a dog or family, then I am more trapped than the people that spend everything on a mortgage.”

The bubble ends up inconveniencing almost everybody, some on the way up, others on the way down. -vreaa

Peepers at vancouvercondo.info 21 Apr 2010 9:01 pm

“Yes, rents are coming down, but it has been tough, VERY tough for people to find places to live in Vancouver. Sensible friends of mine bought because it was cheaper than renting (long term, not a good idea). I agree with so many of the posts on here [vancouvercondo.info], but I feel like on this issue, there are so many people out of touch. Just because something is listed on craigslist doesn’t make it real. Go out and actively look for something decent to live in. It wasn’t pretty, and if you throw a pet or a baby in the mix, you are hooped. I have been told here before that “well of course you are going to get dinged for having a dog”. Uh, what? So then the whole theory of renting being better is flawed. If I can’t just live my life because I am waiting for a crash so I can buy in order to have a dog or family, then I am more trapped than the people that spend everything on a mortgage. Dunno, that’s just my thoughts. I tapped out on all of it and went coop though.”

Absinthe at vancouvercondo.info 21 Apr 2010 9:49 pm

“I’ve got a friend who’s been moved along twice in this bubble due to the home being sold/reno’ed; I’ve been moved once; and my mom has been moved once and had to give up her cat to find a new place she could afford. And each time, there’s been a lot more work to find a place than when I first came and found apartments with a walk ’round the neighbourhood I wanted to live in.”

2 responses to ““The whole theory of renting being better is flawed. If I can’t just live my life because I am waiting for a crash so I can buy in order to have a dog or family, then I am more trapped than the people that spend everything on a mortgage.”

  1. Lots of listing on Craigslist obviously, quite a few dumps as well, it comes down to how much you are willing to spend. I found my place rather easy: I walked the street and building I liked I rang the manager and inquired if / when something would be available.

    As for kids and animals? That’s partially the landlords choice, but also a shortcoming in the tenant act. In Ontario for example they can write “no pets” into the lease and you can ignore it (you’re still on the hook for any damage your pet causes though).

    I have not seen any “no kids” buildings though.

  2. Aw those kids today…. “It might cost me an extra $300,000 that I will pay off over 35 years…but dog gonnit, I want a dog! “

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s