Quote:
Originally Posted by s211
I'm hearing that the TFN was originally asking for unusually short land lease term lengths. They seem to have come off that to more "market" normal terms, well at least normal for Vancouver.
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that is the problem with leasehold land. your buying a place while only getting to rent it. doesn't matter who the lease holder is, they will/can do whatever they want with their property.
i have heard enough about the future of SW False Creek to not want to get involved with leasehold anywhere.
you may save some money, i.e. 700k vs 1.4million. but the difference is, once the lease is up. you either renegotiate or that 700k is not refundable. plus you end up paying rent as well. and yes, many people will avoid leaseholds for that very reason. so it is very hard to sell it to get out and ever get money back.