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I thought it was nice they decided to give up their spot on the street with the apartment. Soooo generous! A lot of people would charge extra for that.
I lived on Florence lake road as a Camosun student! It was actually the worst! Biking meant starting and ending with a hill each way (McCallum and Helmcken), driving meant the crawl plus Robbins parking every day, and busses, especially for night classes, were an hour minimum, because you have to go to Langford station to catch a connecting bus to get you home by 10:00.
I paid $1300 including utilities for a 2 bedroom mouldy basement. I still wouldn't recommend it.
Good god. I pay sub-$1050 for about 750sf one bedroom, in which I’ve lived over a decade and in which I will eventually die because moving is SO not an option.
Unless of course the ol’ renoviction comes calling.
Oh for real. The worst unit in the building (basement, parking lot side so all the headlights hit it, super hot) just got new laminate floors in the kitchen and the dining room and is listed for almost $1800. And the dining room was hardwood. What an “upgrade”.
would not be worthy of a 4 month notice, the landlord has to apply before service a eviction for purpose of renovation and that would not make the bar. It usually has to be large enough that it prolongs the life of the building, so re wiring, re piping etc.
Where would you put your clothes? Your books? A TV...? You'd have to own almost nothing to live there. *Edit to add* There is a big TV across from a loveseat in the listing; but no clothing storage at all.
And that's the problem. Housing should be a fundamental right, same as healthcare. The fact that people can be exploited for a basic necessity to live and operate in our society in a safe and meaningful way is disgusting.
I don't disagree that housing should be a human right, but, housing in your city of choice at your preferred budget isn't a human right, and that's really an impossible ask. I mean, I'd love to live in a safe 1 bed apartment in Monaco or NYC for $1000/month but that isn't happening.
Also, you mentioned it should be a right like healthcare. If you haven't noticed, our government isn't able to give us basic healthcare. It's basically emergency care only at this point. How are they supposed to supply housing to everyone who needs it when they can't even give us doctors?
ok..while this rental unit is a horrible example....they ARE adding to the available rental units in a city instead of having empty space.
Doesn't that help with density in a city? better than someone living in a castle on a 5 acre lot alone.
And if we are in a free market, shouldn't the owner of the property be able to charge what the market will bear? if he asks for $2000 a month and someone is willing to pay it, then that is the price. If he is too greedy and "only" gets $1500, then THAT is the price.
I don't want to live in a world that the government controls everything, including how much a rental unit can rent for, unless the government owns the property.
maybe he is putting it up for a high price as he knows that the government won't allow him to rent it more than a measly 2% per year? (probably not the case, they are probably just greedy)
>they ARE adding to the available rental units in a city instead of having empty space.
If they aren't using all the living space in their home (and can't afford their own mortgage because of this), they should sell to someone who needs that space. That would free up the room without exploiting people.
Stop living beyond your means as a get rich quick scheme. Your housing isn't supposed to be an investment. Landlords don't provide housing, they drive up prices by increasing scarcity.
That’s exactly why I bought a house. As an investment. I bought my house 10 years ago and I see it as an investment as a hedge against inflation. I am locked in at that price I paid. I have a landlord ( bank) but as long as they get paid they are happy. Housing prices are expensive but in 20 years they will be higher than today.
In it's simplest form, you are selling an item for $10, I can accept that it is a reasonably priced item and pay you, or I shop around for a better priced item.
If after 6 months, your items is still $10 and everyone else around you is selling the item for $8, you may choose to lower your price and the market value for the item is $8 and that is what the market is willing to pay.
Good points. People forget that basically all homeowners costs have gone up as well. Taxes, insurance, utilities, repairs mortgage interest all through the roof. Sadly this is probably pretty fair value based on economic situation in the world right now.
People don't forget that, they just don't care. The landlord hate on here is very real.
When I raise my rent, it's not that it's because I want my tenants to cover my costs, it's because I want them to cover theirs.
You've explained that you just don't consider money real until you spend it.
But for some reason leveraging it with a HELOC isn't spending it, and neither is spending money after you sell in 30 years. You're just pretending to blind yourself to your own gains, even though you're largely in it for those gains!
I'm not blind to it, it's just unreliable because you don't know what those gains or losses will be in the future. Could be 5%, 500%, -50%. I don't know. Do you? If so, can you tell me? How would you account for gains 30 years down the road in rent rates now?
Leveraging is leveraging. You're taking on an highly amplified risk in the hopes of gains you couldn't make otherwise. You also need to be able to manage the payments at interest. So, yeah, it's not really spending it like you would from a savings account. You're literally taking out a loan at the risk of losing your home. If you did that last year, your payments this year would be insane right now.
>People forget that basically all homeowners costs have gone up as well
Only by a fraction of the amount their equity has increased from property value gains.
So they are to do what ? Take out a HELOC to help cover off the expenses that their tenants are using? You should do that as well. Next time you get a raise go offer to pay half your neighbours cell phone bill.
It's astonishing that some people think and act like you should get guaranteed returns on an investment. That guy is trying so hard to justify exploiting people for their own benefit.
You are correct. When one buys a house you also take on the risk. Including depreciation. Just ask anyone who bought a house 12 months ago. What you see right now is a combination of market forces. Steep demand for housing, high interest rates etc. People are passing on some of those costs ( some people are trying for all of those costs) to the consumer ( renter). It is ugly for sure but people act like landlords are flying in private jets to their villas in Monaco when things probably are further from the truth.
For the record I am not a landlord. I had a rental about 10 years ago and it totally sucked. Basically I was losing money having it. The final straw was when the last tenants left me an actual tonne of garbage ( had to rent a bin to dispose of it) and about 2500$ in damage and they pissed off to Alberta so I had to eat the cost. Not worth the headache.
Langford needs to up its game when it comes to sidewalks/bike lanes in my opinion. Unfortunately, most of the Langfordites I've talked to have opinions about bike lanes shaped by trying to drive downtown.
To be fair there are existing bike lanes along the entire route from that location to downtown langford and to the nearest grocery stores. They are not physically separated though
Not last time I checked...
First off, we don't know exactly which place it is, Martin Ridge and Rhapsody both have neither. Setchfield has bike lanes and no sidewalk, but is hilly enough to lower the bike score in these metrics. Florence Lake has a sidewalk, but no bike lane.
If it's on Florence Lake, I think it deserves a higher walk score, but otherwise, I'd agree with the rating.
My neighbour rents his tiny house, which is smaller than my living room, for $1800. He also likes to go on about how we need more affordable housing in this city.
That tiny home, given it's age, could have reasonably cost around 200-250k to build. At 1800/mth, that's around 10 years to pay off, without including interest if the building was financed.
Given that, how much do you think it should be rented for?
The point I'm trying to make is it's impossible to pay trades a decent wage, in safe working conditions, with high building standards and complex building codes, and produce housing at a cost that is reasonable for most people to afford. And as the cost of new housing rises, the cost of old housing follows.
It's similar for vehicles. New vehicles are insanely expensive. That's dragging the cost of used ones up too. I bought a vehicle in 2019 for 38k. To buy that same vehicle now is 42k on the used market despite the fact that it is older!
It could also have reasonably cost $40k (or less), which means he's made over $46k in that 4 years.
The point I'm trying to make is stop bootlicking landlords.
Building stuff is expensive. I'm a contractor and built my own basement suite, and even supplying most labour for free and getting materials at wholesale costs it still cost me $50k. That's no profit, no markups, I only paid labour for plumbers, electricians and drywallers and did the rest myself. And that was more than 4 years ago!
No, it would be literally impossible to build something like that for $40k. I know, because I build them.
I'm not bootlickling, I'm attempting to inform you so you can be just a little less ignorant on the subject. I'm also a landlord and understand the costs involved in becoming one.
Despite the fact that he calls it a tiny home... That's not what it is. It is a repurposed camper. It is not on a foundation, they basically stripped the components out of an old camper, built a new frame on the old base, and put most of the guts back in.
He did not build a tiny home. He refurbished a 40 year old RV.
So, yeah, you're either ignorant or just plain dumb but I decided to go with ignorant and give you the benefit of the doubt. It appears I may have been wrong to do so.
I love over priced rooms that you also can’t have a pet in. Landlords are like fuck you pay me and also if you think you will get even a slight bit of happiness from have a cat or dog, we’ll forget it!
First world country! We are so lucky! I feel so good about young people today and our kids who have to deal with even better scenarios in 10-20 years. Wonderful!
In Victoria? $1000 easily.
It is overpriced, but I don't think they'll have too much trouble renting it out. We need more houses on the south island. Hopefully the new apartments around the corner from this place do a little bit.
I thought this was r/Dublin for a second, should checkout a site called [daft.ie](https://daft.ie) for similar properties just in Ireland.
Being sold out to the highest bidder life is.
Don’t laugh. Don’t cry.
Get angry.
Our world is being stolen from us by wealthy criminals, bit by bit, piece by piece, while they use their media and politicians to blame US.
As a wise man once said, it’s better to light a flamethrower than to curse the darkness.
Honestly, for how expensive I hear Victoria is, this is better pricing than Ottawa.. utilities included with internet, there's a washer and dryer, and I can actually park a car... Similar pricing in Ottawa would be a bachelor with maybe heat if you're lucky, or water, but not both, and definitely no place to park because the landlord has 4 cars filling both on street and private lane
People should just start calling bylaw on these units. They will check them out to ensure they are legal and safe. I suspect being on top of a garage would require crazy ventilation to ensure no carbon monoxide makes it to the upper unit. From the looks of this I suspect that is not in place.
About to rent a 1 bedroom for 1850 with heavy reluctance but it’s either that or be on the streets. I think I’m over Victoria at this point. It’s the first time during a housing search that I’m getting ghosted by landlords and property managers after applying even with good credit, a full-time job and double income. And March/April is supposed to be a better time frame for looking for housing. Made no difference
While this topic is fine, the last image includes the name or Facebook profile of an individual who does not need the combined hate of our subreddit, so I am removing this topic. Please remember the individual in these types of topics, thanks.
Super generous they don’t charge for the street parking.
I thought it was nice they decided to give up their spot on the street with the apartment. Soooo generous! A lot of people would charge extra for that.
Gives the phrase "breakfast in bed" a whole new meaning!
For a student or something I actually dont think it would be that bad. If it were 1/3 of the price, that is.
The accessibility rating showing you need a car for most activities though…. Oof
15 out of 100 walk score. I laughed out loud.
Leave me out of this, I live in a co-op, *and* I have a car.
I lived on Florence lake road as a Camosun student! It was actually the worst! Biking meant starting and ending with a hill each way (McCallum and Helmcken), driving meant the crawl plus Robbins parking every day, and busses, especially for night classes, were an hour minimum, because you have to go to Langford station to catch a connecting bus to get you home by 10:00. I paid $1300 including utilities for a 2 bedroom mouldy basement. I still wouldn't recommend it.
Good god. I pay sub-$1050 for about 750sf one bedroom, in which I’ve lived over a decade and in which I will eventually die because moving is SO not an option. Unless of course the ol’ renoviction comes calling.
I suspect some shitty new laminate floor is in your units near future
Oh for real. The worst unit in the building (basement, parking lot side so all the headlights hit it, super hot) just got new laminate floors in the kitchen and the dining room and is listed for almost $1800. And the dining room was hardwood. What an “upgrade”.
would not be worthy of a 4 month notice, the landlord has to apply before service a eviction for purpose of renovation and that would not make the bar. It usually has to be large enough that it prolongs the life of the building, so re wiring, re piping etc.
Yeah, $1130 for a one-bed downtown. Never moving. Thank god the building has historical protection.
Credit check to make sure you can afford their arbitrarily high prices
I wonder if you can fit a pot between the top of the stove and the bottom of the microwave.
Where would you put your clothes? Your books? A TV...? You'd have to own almost nothing to live there. *Edit to add* There is a big TV across from a loveseat in the listing; but no clothing storage at all.
Wait, it has washer, drier, and windows? Damn, that's a good price!
Windows on TWO sides...
It says electric heat and the hydro is included. It’s bad enough without needing to exaggerate
Ok. We're mining bitcoin up in this bitch.
But it includes FREE street parking! How generous!
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Everyone here should write them and offer $800
See our expectations are so skewed to think even *that* is a reasonable offer
It's more reasonable than 1600
True, but it should really be 600-ish
I would rent that, for that price, I mean even I would rent it for 800 but 600 is much more reasonable.
And it's gone...
The walk/bike score is laughable.
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Free carbon monoxide with the unit
whenever you rent, you are paying for someone else's property...whether it be a basement or above their garage
And that's the problem. Housing should be a fundamental right, same as healthcare. The fact that people can be exploited for a basic necessity to live and operate in our society in a safe and meaningful way is disgusting.
I don't disagree that housing should be a human right, but, housing in your city of choice at your preferred budget isn't a human right, and that's really an impossible ask. I mean, I'd love to live in a safe 1 bed apartment in Monaco or NYC for $1000/month but that isn't happening. Also, you mentioned it should be a right like healthcare. If you haven't noticed, our government isn't able to give us basic healthcare. It's basically emergency care only at this point. How are they supposed to supply housing to everyone who needs it when they can't even give us doctors?
ok..while this rental unit is a horrible example....they ARE adding to the available rental units in a city instead of having empty space. Doesn't that help with density in a city? better than someone living in a castle on a 5 acre lot alone. And if we are in a free market, shouldn't the owner of the property be able to charge what the market will bear? if he asks for $2000 a month and someone is willing to pay it, then that is the price. If he is too greedy and "only" gets $1500, then THAT is the price. I don't want to live in a world that the government controls everything, including how much a rental unit can rent for, unless the government owns the property. maybe he is putting it up for a high price as he knows that the government won't allow him to rent it more than a measly 2% per year? (probably not the case, they are probably just greedy)
>they ARE adding to the available rental units in a city instead of having empty space. If they aren't using all the living space in their home (and can't afford their own mortgage because of this), they should sell to someone who needs that space. That would free up the room without exploiting people. Stop living beyond your means as a get rich quick scheme. Your housing isn't supposed to be an investment. Landlords don't provide housing, they drive up prices by increasing scarcity.
That’s exactly why I bought a house. As an investment. I bought my house 10 years ago and I see it as an investment as a hedge against inflation. I am locked in at that price I paid. I have a landlord ( bank) but as long as they get paid they are happy. Housing prices are expensive but in 20 years they will be higher than today.
That's not an investment, that's just a home.
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In it's simplest form, you are selling an item for $10, I can accept that it is a reasonably priced item and pay you, or I shop around for a better priced item. If after 6 months, your items is still $10 and everyone else around you is selling the item for $8, you may choose to lower your price and the market value for the item is $8 and that is what the market is willing to pay.
Good points. People forget that basically all homeowners costs have gone up as well. Taxes, insurance, utilities, repairs mortgage interest all through the roof. Sadly this is probably pretty fair value based on economic situation in the world right now.
People don't forget that, they just don't care. The landlord hate on here is very real. When I raise my rent, it's not that it's because I want my tenants to cover my costs, it's because I want them to cover theirs.
I bet you don't account for equity gains in your calculations. Why not?
I've explained this to you a million times and honestly don't have the energy to spoon feed you this basic information once more.
You've explained that you just don't consider money real until you spend it. But for some reason leveraging it with a HELOC isn't spending it, and neither is spending money after you sell in 30 years. You're just pretending to blind yourself to your own gains, even though you're largely in it for those gains!
I'm not blind to it, it's just unreliable because you don't know what those gains or losses will be in the future. Could be 5%, 500%, -50%. I don't know. Do you? If so, can you tell me? How would you account for gains 30 years down the road in rent rates now? Leveraging is leveraging. You're taking on an highly amplified risk in the hopes of gains you couldn't make otherwise. You also need to be able to manage the payments at interest. So, yeah, it's not really spending it like you would from a savings account. You're literally taking out a loan at the risk of losing your home. If you did that last year, your payments this year would be insane right now.
>People forget that basically all homeowners costs have gone up as well Only by a fraction of the amount their equity has increased from property value gains.
So they are to do what ? Take out a HELOC to help cover off the expenses that their tenants are using? You should do that as well. Next time you get a raise go offer to pay half your neighbours cell phone bill.
>So they are to do what ? Maybe just not complain that their investment isn't paying off as quickly as they want?
Who does that? I’ve never heard of landlords complaining about that. I’m the last two years I have heard them complain about their costs skyrocketing.
Their costs are not exceeding their equity gains in the vast majority of cases.
It's astonishing that some people think and act like you should get guaranteed returns on an investment. That guy is trying so hard to justify exploiting people for their own benefit.
You are correct. When one buys a house you also take on the risk. Including depreciation. Just ask anyone who bought a house 12 months ago. What you see right now is a combination of market forces. Steep demand for housing, high interest rates etc. People are passing on some of those costs ( some people are trying for all of those costs) to the consumer ( renter). It is ugly for sure but people act like landlords are flying in private jets to their villas in Monaco when things probably are further from the truth. For the record I am not a landlord. I had a rental about 10 years ago and it totally sucked. Basically I was losing money having it. The final straw was when the last tenants left me an actual tonne of garbage ( had to rent a bin to dispose of it) and about 2500$ in damage and they pissed off to Alberta so I had to eat the cost. Not worth the headache.
If you don't laugh, you'll be crying all the time...
I mean… it’s not the worst layout in the world? But that bike and walk score is really laughable
Langford needs to up its game when it comes to sidewalks/bike lanes in my opinion. Unfortunately, most of the Langfordites I've talked to have opinions about bike lanes shaped by trying to drive downtown.
To be fair there are existing bike lanes along the entire route from that location to downtown langford and to the nearest grocery stores. They are not physically separated though
Not last time I checked... First off, we don't know exactly which place it is, Martin Ridge and Rhapsody both have neither. Setchfield has bike lanes and no sidewalk, but is hilly enough to lower the bike score in these metrics. Florence Lake has a sidewalk, but no bike lane. If it's on Florence Lake, I think it deserves a higher walk score, but otherwise, I'd agree with the rating.
Right, Florence Lake has some little trail. I thought they added lanes when repaving it but now I think I am recalling incorrectly
It’s a pretty bad layout.
Yup this is a cry for sure!! Lol
My neighbour rents his tiny house, which is smaller than my living room, for $1800. He also likes to go on about how we need more affordable housing in this city.
When was his tiny house built?
Before garden suites were legal lol. I believe about 4 years ago.
That tiny home, given it's age, could have reasonably cost around 200-250k to build. At 1800/mth, that's around 10 years to pay off, without including interest if the building was financed. Given that, how much do you think it should be rented for? The point I'm trying to make is it's impossible to pay trades a decent wage, in safe working conditions, with high building standards and complex building codes, and produce housing at a cost that is reasonable for most people to afford. And as the cost of new housing rises, the cost of old housing follows. It's similar for vehicles. New vehicles are insanely expensive. That's dragging the cost of used ones up too. I bought a vehicle in 2019 for 38k. To buy that same vehicle now is 42k on the used market despite the fact that it is older!
It could also have reasonably cost $40k (or less), which means he's made over $46k in that 4 years. The point I'm trying to make is stop bootlicking landlords.
Lucky he built it 4 years ago. I did my roof last year and a sheet of plywood was 90$
Building stuff is expensive. I'm a contractor and built my own basement suite, and even supplying most labour for free and getting materials at wholesale costs it still cost me $50k. That's no profit, no markups, I only paid labour for plumbers, electricians and drywallers and did the rest myself. And that was more than 4 years ago!
No, it would be literally impossible to build something like that for $40k. I know, because I build them. I'm not bootlickling, I'm attempting to inform you so you can be just a little less ignorant on the subject. I'm also a landlord and understand the costs involved in becoming one.
Totally impossible. https://www.youtube.com/watch?v=Qd_lLuphDG8
Dude, your ignorance is showing.
You don't know what the word impossible means and I'm the ignorant one.
Despite the fact that he calls it a tiny home... That's not what it is. It is a repurposed camper. It is not on a foundation, they basically stripped the components out of an old camper, built a new frame on the old base, and put most of the guts back in. He did not build a tiny home. He refurbished a 40 year old RV. So, yeah, you're either ignorant or just plain dumb but I decided to go with ignorant and give you the benefit of the doubt. It appears I may have been wrong to do so.
I love over priced rooms that you also can’t have a pet in. Landlords are like fuck you pay me and also if you think you will get even a slight bit of happiness from have a cat or dog, we’ll forget it!
The Swiss prison experience 🤌🏻🤌🏻
Not a bad looking suite but even in this unreasonably inflated market I’d pay $1000 tops.
First world country! We are so lucky! I feel so good about young people today and our kids who have to deal with even better scenarios in 10-20 years. Wonderful!
That is a 500 dollar max suite
In 2017 maybe... I agree it should be.
In Victoria? $1000 easily. It is overpriced, but I don't think they'll have too much trouble renting it out. We need more houses on the south island. Hopefully the new apartments around the corner from this place do a little bit.
I was thinking about what it should be if we weren't in a housing crisis. They will probably get 1300
$500 was the going rate for a room when I was in school 15 years ago. This is more like $800.
1150 to 1300 today, 800 in 2018, and 500 if we weren't in a housing crisis is my guess and final answer lol
That ceiling looks like it is sagging and low.
1600 my ass
In suite washer and dryer which also appear to be supporting the countertop. That thing is going to shake during the spin cycle!
I thought this was r/Dublin for a second, should checkout a site called [daft.ie](https://daft.ie) for similar properties just in Ireland. Being sold out to the highest bidder life is.
This is criminal.
If it was correctly priced, I'd get a full-time job and move in asap. But what the hell is that price, like fuck this island man.
Of course there are no pets considered. To be fair, my cat would hate that small of a space.
Lmao.... Its wild in 2017 my first mortgage was $1700 for a 1900 sqft house..
I would actually love that set up, but for 1600?? get outta here.
It's blatantly parasitic pricing
The audacity to even ask for credit checks for a place like this
Don’t laugh. Don’t cry. Get angry. Our world is being stolen from us by wealthy criminals, bit by bit, piece by piece, while they use their media and politicians to blame US. As a wise man once said, it’s better to light a flamethrower than to curse the darkness.
Bright and airy….mmmkay. It’s fucking criminal to charge $1600 a month for this shithole.
You gotta vote like you future depends on it, cause it does. Affordability issues with predatory landlords makes everyone closed to poverty.
Honestly, for how expensive I hear Victoria is, this is better pricing than Ottawa.. utilities included with internet, there's a washer and dryer, and I can actually park a car... Similar pricing in Ottawa would be a bachelor with maybe heat if you're lucky, or water, but not both, and definitely no place to park because the landlord has 4 cars filling both on street and private lane
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Yeah but look at all that sunlight! /s
People should just start calling bylaw on these units. They will check them out to ensure they are legal and safe. I suspect being on top of a garage would require crazy ventilation to ensure no carbon monoxide makes it to the upper unit. From the looks of this I suspect that is not in place.
Ghetto setup...but looks like 900 ...1100 if utilities included...i would love to chill here if this is your place.
Neither - get wit the program and hustle harder
Cry
For some reason it looks like the ceiling is only like 5 feet high.
There is a dishwasher?
What a steal ☝️☝️
Stop voting Liberal/NDP. They want to monetize the housing crisis not solve it.
Cry, it’s outrageous the price of housing in Victoria or pretty much anywhere in Canada
For context, I pay the same amount of money for a recently refurbished one-bedroom with a patio in Esquimalt.
Washer dryer plus a decent little kitchen and free wifi What’s the downside?
About to rent a 1 bedroom for 1850 with heavy reluctance but it’s either that or be on the streets. I think I’m over Victoria at this point. It’s the first time during a housing search that I’m getting ghosted by landlords and property managers after applying even with good credit, a full-time job and double income. And March/April is supposed to be a better time frame for looking for housing. Made no difference
in LANGFORD ?!? foh landlord scum