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Real Estate Quiz: When does 1200=900? *

posted at 3:12 pm
on Sep. 10, 2005

Comments: 5 so far

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Susie and I thought we’d rented a place.  It’s between Burrard and Granville bridges, on 1st street.  It’s a nice place: quiet, safe, third floor with balcony. Great location. Did I say quiet?

We’ve signed the rent and given our deposit cheque.  Things were looking good.

Here’s the sudden problem: as we were renting it, we were told several times that it was 1200 square feet.  It felt smaller than that to us, but we thought, hey, what do we know and everyone exaggerates.  As we signed the papers, I asked for a floor plan.

Today, by email, the real estate agent handling the rental told us that it was in fact only 900 square feet.

For comparison, we’re told the place we’re in now is 1100 sq. ft.

I’m shocked, and I think we’re going to abort our rental.  We have too much big stuff.  And paying the amount of rent they asked for, for only 900 sq. feet makes this place feel much more expensive.

What do you think?

Update: So far, everyone I’ve asked thinks we did the right thing.  But I’m horribly sad about the whole thing.  I just want to MOVE.  Last night, we spotted ANOTHER neighboring building that’s going to start getting jackhammered within a week or so.

Overheard

“Oh boy! Another great opportunity for personal growth!”

...who said it?

“I’m not bitter about what happened to me as a child, and my mother was instrumental in keeping me from being so. ... She taught me to be grateful for my life regardless of what that entailed, and that’s directly related to the image of Christ on the cross and the example of sacrifice that he gave us. What she taught me is that the deliverance God offers you from pain is not no pain—it’s that the pain is actually a gift. What’s the option? God doesn’t really give you another choice.”

...who said it?

After over a decade of user testing, it is clear that the way we search the web is similar to the way we would search our home for valuables as it was burning to the ground. Frantically.

...who said it?

“We must shift the focus of companies back to the customer and away from shareholder value ... The shift necessitates a fundamental change in our prevailing theory of the firm… The current theory holds that the singular goal of the corporation should be shareholder value maximization. Instead, companies should place customers at the center of the firm and focus on delighting them, while earning an acceptable return for shareholders.”

...who said it?

“We would accomplish many more things if we did not think of them as impossible.”

...who said it?

Comments

 

 

 

 

 

Hmm. That sucks. But...Vancouver is expensive. Our apartment building got bought. Our current apartment really is 550 sq. ft. and it's an old building.

They're redoing the suites as people move out. Apparently, they are going to charge $1200 for the new suites. We pay about $870. Sounds pretty insane.

When we were looking in January 2004, a 2 bedroom, ~950 sq. ft place with hardwood floors in our South Granville neighbourhood was going for around $1400.

I don't expect prices to get better any time soon.

Did the place "feel" big? I mean, visually? Did it look like you could fit your stuff?

Dang. We wanted you as neighbours!

P.S. not being able to read the entry while I'm commenting is a bit awkward. I like how the preview works.

 

Posted by Boris Mann
  at 10:57 pm on Sep. 11, 2005

 

 

 

Make them knock down a wall to give you the other 300 sqft. Or, buy a house.

 

Posted by Dr. Wingnut
  at 8:20 am on Sep. 13, 2005

 

 

 

Stay there if you like it, but act like a jerk and get some money out of the deal.

 

Posted by wally the duck
  at 2:17 pm on Sep. 13, 2005

 

 

 

I don't understand. How could I get money out of the deal?

 

Posted by Travis Smith
  at 2:22 pm on Sep. 13, 2005

 

 

 

If you bring it to the real estate board you might be able to negotiate and get
reduced rent for misprepresentation from the listing agent's company. Basically, if a listing says something - it had better be true, or the listing agent is responsible for making it right. Maybe its different in Canada, but when I am representing a property, I have to have my facts straight or I am held responsible.

 

Posted by Christine Harmel
  at 8:06 am on Sep. 14, 2005

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