Interesting Websites

I've added a couple of interesting weblinks to the right hand side of the blog. You may have seen them on other sites or in the commentary.

- The New York Times Rent vs. Buy calculator. Thanks to QL.
- Walk Score website - Find a walkable neighbourhood. It's fun to play with. Thanks to Housing Panic.
- Garth Turner's website. I don't agree with all that he says and stands for, but I have been reading it almost daily. He doesn't sugarcoat the current economic and housing situation.

Also, check out MLS 248177. This house just sold for $422000. That's $93000 off the asking price!

MIA

As a child, time passed by so slowly. I was always told, the older you get, the faster that time goes by. It's true.

I've had a lot going on, so it's come down to prioritizing. The blog has slipped on the importance list. It's nice though how it carries on without me. Please do feel free to continue to use the blog as a forum even as my postings have become less frequent.

Further on the person note, a couple months ago I ranted on how perhaps it was time to get out of the rental market. Well, it looks like we've decided to give our rental suite another year. We'll just make room and organize a little better for when this little person arrives this fall. In a year's time, we'll re-evaluate again.

I have still been keep inventory stats. Listings continue to increase, not quite at the pace as experienced in May though. I have only 6 more condos listed on MLS.ca today than there were on May 31. There are 4 fewer townhomes. There are 96 more SFH. In comparison to last year, there are 282 more SFH listings.

According to this realtor's website, there are right now 4848 active listings in Greater Victoria. This is 230 more than on May 31. The numbers don't make sense. None-the-less, inventory is still increasing.

I got a good laugh out of a realtor's comments on today's market condition. This is a direct quote from an email -

"So I thought "what would I say today about the Victoria Real Estate Market if someone asked"?

My comments would be that we have a balanced market where we are indeed selling at the rate of 1 SALE to 5 LISTINGS or 20% success ratio!!! In Vancouver and Lower mainland the ratio is 1 Sale to 10 LISTINGS or 10%!!

So Victoria is still quite active and prices are staple - a balanced market!"

Go figure!

Why Not Rent?

Here's a challenge, perhaps a dare. Find me a home to rent. It needs to be in View Royal, Langford, Colwood, Mill Bay, Shawnigan, maybe Cobble Hill. It must have 3 bedrooms up, 3 bedrooms (or 2 bedrooms and den / office) down (down is a suite). They must be separate living spaces. The lower suite must be above ground, with minimum 8 foot ceilings and large windows. The house must have a garage and a decent sized yard. The house must be available to rent April 1st or later.

All this for $2500 a month.

If you can find me this house, I will seriously consider renting it. I don't think it exists. I'd love to be wrong.

Why Rent?

I need to vent a little.

Unfortunately, the time has come for my wife and I to find a new rental. Reasons being that she works a couple days a week in Duncan, and we live south end of Victoria, so the commute is long, costly, and I don't really like her driving the Malahat so often (I'm a bit of a worry-wart). Also, we are hoping that in the next year or two, we will require more space, as in another bedroom. And so, we are looking for a 2 bedroom and den or 3 bedroom rental that is west of View Royal.

Rentals of that sort are not easily come by! And the prices! Yikes! Are any of you looking for the same thing these days? Unbelievable!

Three-quarters of available rentals are 1 or 2 bedroom. A 3 bedroom rental will be either an entire house, or the upper portion (there are a few 3 bedroom lower rentals, but I imagine them to be dungeons.) Monthly rent for a 3 bedroom does go as low as $1100 / month, but most are more that $1400 / month, the average probably being around $1800 / month. A lot of those don't meet our location criteria.

I'm just tired of renting. Tired of fighting for parking spots. Tired of our minuscule little kitchen. Tired of living in basements. Tired of trying to find a rental for one month from now because our rental agreement states we must give one month notice, yet 90% of all the rentals available are available immediately. Tired of not putting our roots down anywhere.

You guys had better keep me on the straight and narrow. I'm on the verge of going to the bank to see what we what size of mortgage we may qualify for. I feel like we are getting close to the point where for the sake of personal happiness, we may go against better judgement.