Welcome to my channel! My name is Daniel Dejo and I'm a realtor from Langley BC.
I create educational & entertaining content in regards to everything real estate with a focus on the Fraser Valley markets. My goal is to enable & equip you to feel confident in regards to buying, selling and investing in real estate, rather than being told what to do without a reason.
Be sure to subscribe and I'll see you in the comments!
I just found your channel and am really enjoying your tours. Your laid back style and the thoroughness of your presentation make your videos stand out. Also, I’m super impressed that you always kick your shoes off at the door. It’s common courtesy and respect, but too few of your peers follow your lead. Keep up the great work!
Lol i live in sk and work in bc the cost of living is absolutely stupid if you wantbto rent a cardboard box for 3500 a month not including utilities go to bc
Did you really just say “tip your landlord”?? I pay $1145 and the landlord couldn’t bother to fix cheap plastic countertops before I moved in so they have chips and scratches all over. After this lease is up I’ll never rent again
Nice neighbourhood, cool home. Yet, why is it that nobody focusses on how this is a nice place to live rather than how "valuable" (i.e. expensive) it will become, how much more rent you will be able to "charge" (extort) from your tenants? Doesn't the Vancouver BC area have enough homeless people who can't afford to have a roof over their heads?
You are correct! Honestly we would all be better off if real estate prices dropped by at least 50%. To move into a house in the Lower Mainland means being a slave to your mortgage. That is not thriving. That is simply scraping by. Vancouver has always been a little on the expensive side. But, in the past, at least the middle class had a chance at home ownership without sacrificing everything else.
Until municipalities loosen regulations and allow more housing, prices will stay high and continue to rise. We may see a slight drop in 1 and 2 bedroom condos when this legislation takes effect, but it will be short lived and the steady climb up will continue. Many Air BnB operators will look hard for loopholes or hang on to there investment and realize the lower return and hope to breakeven.
There isn’t anger towards “home owners”. There is an anger towards landlords who own multiple properties, and rent them for passive income. Even if the rent wouldn’t cover all the mortgage payments, you are having someone else help pay off your loan you took out so you could earn a revenue stream off someone who cannot afford or acquire a home loan. The tenants are not leaving with a house, whilst you will be. Please straw man better next time
So then the people with bad credit and no down payment should be homeless? Because a bank isn't going to lend to them. Their credit score and lack of a down payment has already proven that they are a much higher risk to loan any money to. Or who is it that you believe should not only have to carry the cost of the roof over current renters heads but also who should have to be exposed to the risk associated with doing so? And why should these places and people do it if they aren't allowed to benefit from it?
Imagine that, there's a demand to rent a house. Typical rentoid can't see past his 1 apartment window and thinks landlords are forcing people to rent from them. Lmfao.
@@cryptolipht3132you make some good points so let me be clear. I was taking issue with this man’s presentation of people’s anger towards ‘homeowners’ and landlords, and what people are angry about. I’m not saying anything radical about renting. The cost of rent is expensive, we can all agree on that. So is owning a house. The housing market is absolutely screwed, not just for renters, but for people in the market to buy also. But because buying is out of reach for so many due to a higher demand - at least partially caused by people owning multiple properties - renting is their only option. Then the people who have multiple houses, and who therefore are partially responsible for the increase in price, make renting more expensive to match the higher price they themselves created. This doesn’t happen individually, but occurs due to a lot of people following this pattern of behaviour. It’s that pattern that people are angry about. I hope this helps clear up my point of view, cheers.
LOL. You have no idea what you are talking about. If you can afford rent, you can afford a house payment. If a bank will not loan you the money that is your problem, or you need to buy a house that you can afford. Oh, you're not grown up yet, I'm sorry. If I open a coffee shop and sell $4 cups of coffee that you like and you buy a cup every day does that make me bad for selling you coffee? You can make your own coffee for $1.
@@shipdog44 I don't know where you're getting that data, but the premise of your argument is incorrect, the average mortgage payment is higher than the average payment in rent. Not to mention the 10% payment that is going to be standard. My point is simply that people have legitimate reasons to be angry at landlords and the housing market. People should be compassionate about that, surely. The housing market is a difficult thing for most people to interact with in a serious way due to its expense. The membrane of interfacing is littered with predatory real estate agents that don't need to deliver a truly helpful service to the customer, because the demand is so high, people will put up with it if its shit. If someone is single, they have almost no chance of getting a home on the average income. If they're young, it's even harder, as they've had less time to form good credit and achieve a high position in their industry. I feel these are things we can agree are valid reasons for people to get frustrated by, and something that we should look at fixing. As for the coffee metaphor, it only works if your base argument is true, which as I've said, I don't believe to be the case. Please send me a link proving me wrong if I'm mistaken. But working off your own metaphor, I would find it morally questionable if you and the other coffee shops bought up so much of the other coffee that the super markets sold it for even more and it was no longer affordable. But even then, I wouldn't mind as much because I don't need coffee to sleep in. I don't need a cup of joe to raise a family in or keep my possessions so they don't get stolen or a locked door to keep me safe or a bedroom to keep me warm when it begins to snow. I'm living in the real world where people are rightfully anxious about the housing market.
You are NOT providing housing. You bought an extra property for “passive income “ or investment. This creates a shortage on cheaper homes due to supply and demand. Come on lets be honest here.
No it doesn't. You're free to buy a piece of land and hire a contractor and build whatever size house you want, made with whatever material you want, and whatever finishings you want. You can make it as expensive or cheap as you desire.
@@cryptolipht3132that simply isn’t true. Regulations on housing is much more strict than it has been historically (for a lot of good reasons) but the outcome of that has been that making a house is a lot more expensive. When you take into account the average cost of land and building a house, at least in Australia, the cost is on the low side of average of simply buying a home. That is to say too expensive for the average income
The question is why the inventory is so low. Is it because of institutional buying? Air BNB owners? Liquidation of these assets can create large inventory overnight. Not to mention the repurposing of office buildings and warehouses to livable spaces. This can effect the “low” inventory perspective.
Glad to hear AirBnb is banned in BC. AirBnb accommodation is completely unsafe. Motels and hotels must obey fire regulations and install fire escapes, but you wouldn't believe how dangerous some of the AirBnbs are that I've stayed in - they pack in so many guests and they'll all be roasted alive if there is a fire. And one AirBnb I booked in Kallangur, Brisbane (Australia) turned out to be a drug house - when I reported it to AirBnb, they didn't return any of my phone calls and didn't remove the drug house from the AirBnb site, so it's still listed. It astounds me that people still actually book AirBnb rooms despite all the drug houses and crime going on in houses listed on AirBnb.
@@livinginlangley You're clearly not aware that the law came into effect last month (September 5th to be precise). It is too early to see any effect yet, but if those blood-sucking short-term rental investors continue to operate, they'll pay the price for it.
BUY BUY BUY whenever the government tries to regulate and fix an issue prices go up long term. Let the initial price depress then load the god dam bus. This only will work is the population is totally stagnant. And that is not the plan. Secondly if you drive around bc most of the province is difficult to traverse and has so many small communities. Many of those communities do not have the hotel capacity to hold the amount of tourists that there are at current levels so I guess they would like to stagnate that as well? What are they going to do hire people to drive around that province and harass people. Agreed they can do this in Vancouver and Kelowna but its a problem of the governments creation and we all know dam well they are too lazy and stupid to actually fix it. In order for real estate to so called go down they need the majority of the market to sell at losses and buyers to buy out those positions. However then those new buyers will want to sell at a gain eventually and thus its going to go back up. I believe the country can increase building to slow the price but not have it go backwards and stay down without limiting tourism and population growth competently and that is not the plan.
