FOR RENT- All new furnished SFU Luxurious Dream Condo "The Hub" $1300/m

Comments

• bufli

  March 2009 edited March 2009

  sorry but i gotta lol @ the price
• sonargal

  March 2009 edited March 2009

  Oh yeah? Did you know the price range in Cornerstone building??
• bufli

  March 2009 edited March 2009

  im not picking on ur post in particular i just find it comical someone would pay that much in the current economic state for something under 500sq/ft
• JayDub

  March 2009 edited March 2009

  Yeah ridiculous price, I would not even consider paying that much.
• Simon604

  March 2009 edited March 2009

  It's not worth it for one person to pay that much but it's not bad if a couple of people split it. She's right, the rents in cornerstone are just as high and people do pay them because of how close it is it to campus. I would rather pay 650 to stay here than a similar amount to stay on rez.
• vonnie

  March 2009 edited March 2009

  
  
  It's a nice looking building.
• IVT

  March 2009 edited March 2009

  lol @ 1300 for rent. That 1300 makes a solid mortage payment, so why rent?
• sonargal

  March 2009 edited March 2009

  This is an open forum so Bufli and JayDub I respect you and your posts; but like I said I set the price with Cornerstone as my reference. The Hub is not only the closest to campus ever, it's got the only supermarket on ground floor. Most importantly, any offer is meant for those who need it; so if this is not something you're looking for, or something you'd want to pay for, that's fine :) And please do check out the exterior of The Hub, it's all completed and it looks amazing!
• schmoey

  March 2009 edited March 2009

  JayDub;50605 said:

  Yeah ridiculous price, I would not even consider paying that much.

  JayDub is ballin'.
• JayDub

  March 2009 edited March 2009

  Nesters isn't exactly something I would want to shop at. It is highly over priced.
• Simon604

  March 2009 edited March 2009

  It's a lot better than having to buy your groceries off campus, especially if you don't have a car. It's hard carrying a bunch of bags from skytrain to bus to apartment...and even harder if the weather is bad. So for people living on the mountain Nestor's is a pretty big convenience, and price wise buying your food from a grocery store is always cheaper (and healthier) than eating out.
• Alex Shih

  March 2009 edited March 2009

  I am moving to Downtown (close to Burrard/Robson), splitting a room/den for just $450. Maybe it's just me, but I much prefer that then spending $200 more to live at "the Hub" if I can find someone to split that in the first place? (highly unlikely since it's so tiny >.<)
• BryanL

  April 2009 edited April 2009

  IVT;50674 said:

  lol @ 1300 for rent. That 1300 makes a solid mortage payment, so why rent?

  And you think they are still giving out 0% down payment mortgages? LOL
  
  Obviously if Cornerstone has rents this high, there is demand and thus it is a warranted price. Just because YOU won't pay that much, simply because you can't afford it or don't want too, doesn't mean others wont.
• bufli

  April 2009 edited April 2009

  BryanL;53488 said:

  And you think they are still giving out 0% down payment mortgages? LOL
  
  Obviously if Cornerstone has rents this high, there is demand and thus it is a warranted price. Just because YOU won't pay that much, simply because you can't afford it or don't want too, doesn't mean others wont.

  and if "others" jump off a bridge should you jump too?
• kt_uvic

  April 2009 edited April 2009

  that is not a very logical rebuttal "bufli"...jumping implies that there is some sort of negative result of living in this new building complex
  
  hub and cornerstone is a premium product with many benefits over the usual student housing arrangments. in a free market economy, the product will be worth what people (the market) are willing to pay for it...it's one of the most fundamental aspects of our economy
  
  wealth of nations by adam smith would be a good book for you to read
• bufli

  April 2009 edited April 2009

  umm there is a negative of living there and its called burning money aimlessly
  money = time and hard work
  so if u enjoy working hard for a space thats smaller then a closet go ahead
  if everyone else choses to do the same so be it, but that doesn't mean that, that is a smart thing to do just because everyone else is doing it or because someone else can do it
  
  BryanL's argument relies on "others" who can afford it, which is an absurd argument. there will always be "others" who are stinking rich and can afford anything their hearts desire
  but using that to counter the fact the avg student shouldn't pay such a high price for such a small place is ridiculous .
  
  Edit: and i'm sorry to the OP to have to shit on this thread
• BryanL

  April 2009 edited April 2009

  bufli;53511 said:

  umm there is a negative of living there and its called burning money aimlessly
  money = time and hard work
  so if u enjoy working hard for a space thats smaller then a closet go ahead
  if everyone else choses to do the same so be it, but that doesn't mean that, that is a smart thing to do just because everyone else is doing it or because someone else can do it
  
  BryanL's argument relies on "others" who can afford it, which is an absurd argument. there will always be "others" who are stinking rich and can afford anything their hearts desire
  but using that to counter the fact the avg student shouldn't pay such a high price for such a small place is ridiculous .
  
  Edit: and i'm sorry to the OP to have to shit on this thread

  The high price is warranted by the limited supply within the area of SFU. There is obviously a demand, or else they wouldn't of built the HUB in the first place. International students, grad students and families live up at Univercity while most students live on REZ. Still, some people rather choose to live at the City, Cornerstone or in the new Hub building. The price of $1300 reflects that equilibrium. Not only that, the prices of apartments at the Hub I am going to assume are a bit higher than the average prices in Mission due to the demand to live closer to school. Some people choose to live closer to school and some people don't. Those who choose to live closer must pay a premium price. It is the same as why rent in the downtown core is more expensive than rent elsewhere, because there is a greater demand.
  
  Your example for everyone jumping off a bridge is retarded. If there was a great demand for people jumping off the bridge then it would warrant it. IE bungee jumping.
  
  coles notes: You're a retard
• lazyGUY

  April 2009 edited April 2009

  what does interest matter if your already throwing away that much money on rent
  if you get a mortgage at least your building up your assets and upping your net worth
• BryanL

  April 2009 edited April 2009

  lazyGUY;53517 said:

  what does interest matter if your already throwing away that much money on rent
  if you get a mortgage at least your building up your assets and upping your net worth

  I wasn't talking about interest, I was talking about down payment ie. minimum 5%. And even at 5% down payment, the monthly payments will most likely be pretty high. The starting price of 1 bedroom apartments is $239,900 at The Hub.
• bufli

  April 2009 edited April 2009

  BryanL;53516 said:

  The high price is warranted by the limited supply within the area of SFU. There is obviously a demand, or else they wouldn't of built the HUB in the first place. International students, grad students and families live up at Univercity while most students live on REZ. Still, some people rather choose to live at the City, Cornerstone or in the new Hub building. The price of $1300 reflects that equilibrium. Not only that, the prices of apartments at the Hub I am going to assume are a bit higher than the average prices in Mission due to the demand to live closer to school. Some people choose to live closer to school and some people don't. Those who choose to live closer must pay a premium price. It is the same as why rent in the downtown core is more expensive than rent elsewhere, because there is a greater demand.
  
  Your example for everyone jumping off a bridge is retarded. If there was a great demand for people jumping off the bridge then it would warrant it. IE bungee jumping.
  
  coles notes: You're a retard

  i dont know where u came up with mission? why not pick Yellowknife while ur at it
  my friend rents a basement suit of a new house just down the hill, 1 bedroom kitchen + bath +utilities 600sq/ft for 700$ a month
  thats 1/2 price and is as close to campus as one can be without living on the hill
  
  as for prices @ the hub
  i'm assuming they were pre sold while the economy was up, but after the economy fell people couldn't afford the apts they pre purchased and now are trying to unload the debt they created for themselves by trying to sell at the same price or rent at some ridiculous rates
  and the argument of demand is fairly lose in this economy, developers are having a hard time selling off the homes they've built at a price where they still make a profit, so prices being high does not imply there is a demand, it most likely just the developer trying to break even on a project they started on before the economy crashed
  
  and i wonder who's retarded enough to not pick up on sarcasm
• BryanL

  April 2009 edited April 2009

  bufli;53521 said:

  i dont know where u came up with mission? why not pick Yellowknife while ur at it
  my friend rents a basement suit of a new house just down the hill, 1 bedroom kitchen + bath +utilities 600sq/ft for 700$ a month
  thats 1/2 price and is as close to campus as one can be without living on the hill
  
  as for prices @ the hub
  i'm assuming they were pre sold while the economy was up, but after the economy fell people couldn't afford the apts they pre purchased and now are trying to unload the debt they created for themselves by trying to sell at the same price or rent at some ridiculous rates
  and the argument of demand is fairly lose in this economy, developers are having a hard time selling off the homes they've built at a price where they still make a profit, so prices being high does not imply there is a demand, it most likely just the developer trying to break even on a project they started on before the economy crashed
  
  and i wonder who's retarded enough to not pick up on sarcasm

  Your argument of living down the hill is not valid. It is down the hill, thus the same as living down the hill, mission, downtown or elsewhere, it is simply not ON THE HILL. The supply of apartments ON THE HILL is fairly limited, that is why there is a high price tag. Being close to a University also allows for the higher price. The price of rent is fairly common for that area, as even in Univercity you can see those prices to be common, yet people still rather live there as it's walking distance to the University, quiet and have some nice views.
  
  If you do not want to pay $1300, then don't. Other's rather pay for the convenience and to them, that justifies it. If we all wanted what we got, then everyone's rent would be $1, but that won't happen. If people don't pay $1300, I am sure the OP will lower it to whatever the market is willing to pay. So far, $1300 is the medium for that area.
• randomuser

  April 2009 edited April 2009

  The prices on university are ridiculous, and very much not worth it, but worth is subjective-- i think the worth of living on campus applies to very few people.
  
  I think the market has little to do with prices on campus because of people who live in the mountain for work as mentioned above, and also peoples parents paying their rent, who don't really care how much it is.
  
  I have friends who go to school and their parents pay their entire rent for them.
• schmoey

  April 2009 edited April 2009

  randomuser;53524 said:

  I have friends who go to school and their parents pay their entire rent for them.

  Yeah.. it disgusts me :(
• bufli

  April 2009 edited April 2009

  BryanL;53523 said:

  Your argument of living down the hill is not valid. It is down the hill, thus the same as living down the hill, mission, downtown or elsewhere, it is simply not ON THE HILL. The supply of apartments ON THE HILL is fairly limited, that is why there is a high price tag. Being close to a University also allows for the higher price. The price of rent is fairly common for that area, as even in Univercity you can see those prices to be common, yet people still rather live there as it's walking distance to the University, quiet and have some nice views.
  
  If you do not want to pay $1300, then don't. Other's rather pay for the convenience and to them, that justifies it. If we all wanted what we got, then everyone's rent would be $1, but that won't happen. If people don't pay $1300, I am sure the OP will lower it to whatever the market is willing to pay. So far, $1300 is the medium for that area.

  how does it not compare? if u live on campus and it takes u 5mins to walk to class/work or live off campus and it takes u 5mins to commute? does it really matter if its driving up a hill even if it takes the same time to walk from ur apt? is that really THAT big of a convenience, if at all? is 5 minutes walking vs 5 minutes driving worth 600$?
  
  and i don't disagree with you that prices are around that range on the hill
  my argument is simply that the prices are inflated because a lot of the people who do live there do so because they don't necessarily pay for it themselves
  
  if i was being carried by some overseas funds then no shit id pick the closest place to campus because price wouldn't be an issue
• BryanL

  April 2009 edited April 2009

  bufli;53527 said:

  how does it not compare? if u live on campus and it takes u 5mins to walk to class/work or live off campus and it takes u 5mins to commute? does it really matter if its driving up a hill even if it takes the same time to walk from ur apt? is that really THAT big of a convenience, if at all? is 5 minutes walking vs 5 minutes driving worth 600$?
  
  and i don't disagree with you that prices are around that range on the hill
  my argument is simply that the prices are inflated because a lot of the people who do live there do so because they don't necessarily pay for it themselves
  
  if i was being carried by some overseas funds then no shit id pick the closest place to campus because price wouldn't be an issue

  I agree with prices being inflated, but that is everything. Why is downtown more expensive than compared to Abortsford, simply because the demand drives the prices up in that area. Same would be for on the hill.
  
  Your argument for people who live there don't necessarily pay for it themselves is not valid. Do you know that for a fact? Some statistic or data would help me believe your assumption more, but otherwise, it is just an assumption.
• bufli

  April 2009 edited April 2009

  BryanL;53528 said:

  I agree with prices being inflated, but that is everything. Why is downtown more expensive than compared to Abortsford, simply because the demand drives the prices up in that area. Same would be for on the hill.
  
  Your argument for people who live there don't necessarily pay for it themselves is not valid. Do you know that for a fact? Some statistic or data would help me believe your assumption more, but otherwise, it is just an assumption.

  when u compare downtown to Abortsford yes i agree, but u still haven't addressed the flaw in your convenience argument with living @ a 5min walk or literally just down the hill, not downtown, not another city, just down the mountain under 5minute drive. is it really convenience or common sense then to dish out that much money?
  
  as for people who dont pay for it, i know two seperate students who live in cornerstone and do not pay for it nor do they have jobs
  am i generalizing? yes, but like i said if i were in their boat id live there too. i mean why wouldn't u? and i think its fair to say other international students do the same
• JayDub

  April 2009 edited April 2009

  It's much more convenient for me to live right at the bottom of the mountain across the street from the pub than it would be for me to live in the hub or univercity. And my apartment is half the price of $1300.
• BryanL

  April 2009 edited April 2009

  bufli;53529 said:

  when u compare downtown to Abortsford yes i agree, but u still haven't addressed the flaw in your convenience argument with living @ a 5min walk or literally just down the hill, not downtown, not another city, just down the mountain under 5minute drive. is it really convenience or common sense then to dish out that much money?
  
  as for people who dont pay for it, i know two seperate students who live in cornerstone and do not pay for it nor do they have jobs
  am i generalizing? yes, but like i said if i were in their boat id live there too. i mean why wouldn't u? and i think its fair to say other international students do the same

  Fair enough, but the key word is drive. People who live on campus might not have a car, thus they live ON campus. They can do everything here, albiet quite limited. I personally live on Rez, not at cornerstone or university, and if I wanted too, I can stay up here all the time. Some people rather just live at school, some people enjoy the view, some enjoy living in newer buildings and some just want too. There is a demand for it, or else it wont happen.
  
  Just like why there are demands for $500+ pens, when they write on paper and can basically do the same as a 10cent or free pen. They make those pens because people will pay for it and there is a market. People buy it simply because they can and want too.
  
  Also you are right, maybe people who live up at cornerstone might not pay for it, maybe their parents do. Thus, a market is there: rich international students.
• bufli

  April 2009 edited April 2009

  BryanL;53565 said:

  Fair enough, but the key word is drive. People who live on campus might not have a car, thus they live ON campus. They can do everything here, albiet quite limited. I personally live on Rez, not at cornerstone or university, and if I wanted too, I can stay up here all the time. Some people rather just live at school, some people enjoy the view, some enjoy living in newer buildings and some just want too. There is a demand for it, or else it wont happen.
  
  Just like why there are demands for $500+ pens, when they write on paper and can basically do the same as a 10cent or free pen. They make those pens because people will pay for it and there is a market. People buy it simply because they can and want too.
  
  Also you are right, maybe people who live up at cornerstone might not pay for it, maybe their parents do. Thus, a market is there: rich international students.

  if a student can afford 1300$ for rent
  they sure as hell could afford 700$ rent down the hill + 600$ for car lease
  heck a Mercedes c class will come in @ under that
  but thats beside the point
  
  my sole point is to get the most for ur money while not cutting corners
• BryanL

  April 2009 edited April 2009

  bufli;53567 said:

  
  
  my sole point is to get the most for ur money while not cutting corners

  Sadly, people aren't rational like that :(. The same reason why people spend more money on a simple shirt that has a special logo, or a Mercedes that drives from point A to B just like a Hyundai.