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Victoria home prices and housing values


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#2101 dasmo

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Posted 05 November 2017 - 02:30 PM

I’m not saying they shouldn’t sell at market value. The whole idea is to strike it rich. I am stoked for the guys I like like Chris. He played things super smart unlike the dockside green folks. Who were they again? Right... I am only saying no sympathy is required and they are not simply adjusting prices because of increased costs. Cost of materials and sub trades are going up because they want their cut. Why should only the developers and builders be making a pile. I’m not preaching against market forces. I’m struggling to navigate them as I build a house but I accept them. But... I accept them for what they are. I certainly don’t shrug and pay a drywall contractor 36k for two guys doing two weeks work and chalk it up to increasing costs. In fact I’m not going to have drywall in my house. T&G pine and earthen plaster walls will probably be cheaper and if it’s not I refuse to do drywall out of spite. All the condos and spec home subdivisions don’t have that choice.

Edited by dasmo, 05 November 2017 - 02:34 PM.


#2102 tjv

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Posted 05 November 2017 - 02:33 PM

^that is very true, but everyone must also remember that economies also enter into recession such as 2008/09.  There were a lot of people walking away from their contracts and deposits which left the developer with a product he has to now sell even thou he started building in a boom at higher costs.  Also the government could come along and slap a 15% foreign buyers tax like they did in Vancouver which killed the real estate market there for a year or so

 

It works both ways

 

I also agree with Mike's comment about blaming developers and ignoring greedy homeowners



#2103 dasmo

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Posted 05 November 2017 - 02:37 PM

“Greedy homeowners” is a complete diversion. If a homeowner needs to sell they probably need to buy. Possibly in a similar market. Take their cost of selling into account and a rapidly rising market they could easily take a hit. Or did you mean greedy house flippers? Them I could do without.

Edited by dasmo, 05 November 2017 - 02:37 PM.


#2104 Mike K.

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Posted 05 November 2017 - 02:45 PM

No, it's not a diversion at all.

 

But it does shed light on your view of the housing situation, in that developers are greedy. But home owners probably need to sell to buy, possibly in a similar market.

 

Can you spot the difference in your assessment of the two groups? One is associated with something definitive. The other is not.

 

I would argue that considering the massive imbalance of re-sales to pre-sales, that its the re-sale market (home sellers) that is driving the rapid rise in real-estate prices, not the pre-sale market (developers). As it should be, considering how many re-sales are available for purchase and how many are purchased relative to pre-sales.


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#2105 rjag

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Posted 05 November 2017 - 03:06 PM

Developers are held hostage to market forces as much as homeowners. They have to negotiate trades pricing months ahead and hope the trades will show up. They have to hold multiple units and pay for expensive marketing programs while crystal ball gazing 1-2 years out that the market will still be viable. 

 

A homeowner can, for the most part choose the time to sell and choose the time to buy. A developer doesnt have that luxury, they carry far more risk are held hostage to the price of drywall just like you and as a result if they make a margin they are welcome to it. 



#2106 dasmo

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Posted 05 November 2017 - 03:32 PM

Gotta get while the getting’s good. I understand that perfectly. I am part businessman. I think I have said multiple times I am not against anyone striking it rich. All I am saying is that is what is happening right now. They are striking it rich. Why does that upset y’all so much?

#2107 lanforod

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Posted 05 November 2017 - 03:41 PM

I’m not saying they shouldn’t sell at market value. The whole idea is to strike it rich. I am stoked for the guys I like like Chris. He played things super smart unlike the dockside green folks. Who were they again? Right... I am only saying no sympathy is required and they are not simply adjusting prices because of increased costs. Cost of materials and sub trades are going up because they want their cut. Why should only the developers and builders be making a pile. I’m not preaching against market forces. I’m struggling to navigate them as I build a house but I accept them. But... I accept them for what they are. I certainly don’t shrug and pay a drywall contractor 36k for two guys doing two weeks work and chalk it up to increasing costs. In fact I’m not going to have drywall in my house. T&G pine and earthen plaster walls will probably be cheaper and if it’s not I refuse to do drywall out of spite. All the condos and spec home subdivisions don’t have that choice.

 

Assuming you're still doing wood frame... don't you still need blue board under the plaster? Blue board likely has gone up similar to drywall, no?



#2108 dasmo

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Posted 05 November 2017 - 04:17 PM

Not a wood frame envelope. ICF. The inside wood frame walls will be the T&G pine. Inside exterior walls will be earthen plaster right on the ICF. Instead of paying lawyers to put up drywall I’m paying hippies to put up mud....

#2109 tjv

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Posted 05 November 2017 - 04:43 PM

^or you could save a few bucks, buy the drywall yourself, hire boardmen to board, scrap out the house yourself, buy the mud/bead/tape yourself, hire tapers to complete and then do the clean up yourself.   Or better yet watch a bunch of YouTube videos and do it all yourself



#2110 lanforod

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Posted 05 November 2017 - 07:47 PM

ICF? Is that cheaper than wood frame these days? Does that work for more than 1 storey too? Genuinely curious. I generally don't see anything else for SFH in BC, I'd suspect 99% do standard wood frame? Some log, and some ICF, and some crazy folks doing other weird stuff I guess, maybe steel or aluminum.

 

PS. Isn't it mandatory for VV members to have a dedicated house build thread? Marko inspired? :P


Edited by lanforod, 05 November 2017 - 07:48 PM.

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#2111 LJ

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Posted 05 November 2017 - 08:17 PM

ICF is just for the foundation walls usually, the basement.


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#2112 phx

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Posted 05 November 2017 - 10:34 PM

There's a nice house on Beach Drive that went in a few years ago, all ICF.

 

It did not look like a "budget build".



#2113 LeoVictoria

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Posted 06 November 2017 - 09:25 AM

Gotta get while the getting’s good. I understand that perfectly. I am part businessman. I think I have said multiple times I am not against anyone striking it rich. All I am saying is that is what is happening right now. They are striking it rich. Why does that upset y’all so much?

 

The only surprising thing is that you are surprised :)



 



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