5 ms·
If you live in Vancouver, every occupation is priced out except maybe CEO.
by amgin3 11y ago
If you live in Vancouver, every occupation is priced out except maybe CEO.
- jholman 11y agoVancouver (my city) is always rated as less affordable than every other Canadian or American city (except maybe NYC). And yet somehow I am a homeowner (mortgage-holding, not outright) in the city of Vancouver proper (not in a cheap suburb), which I purchased when I was making the most I'd ever made in my life, $50k/a (Vancouver junior dev salary around 2010). What can we conclude from this? The only conclusion I can reach is that most people who complain about not being able to afford real estate are merely people with unrealistic expectations about what type of home they "need". I just can't make heads or tails of it otherwise. Note: sure, some people really are locked out. If you're a 22yo single parent with no marketable skills and having to work 60 hours a week to feed your kids and etc-etc-etc, you're authorized by me to complain about your real estate woes.
- mistermann 11y agoI conclude that you haven't looked at prices in Vancouver proper lately.
- bozo1979 11y agoI recall reading stats of 50% year on year recently. So GP, check your house price and pat yourself on the back. Rest of us aren't so lucky.
- jholman 11y agoSorry, that's wrong. I've checked my home price, and I know what every unit in this building sold for this year. And I have, to some degree, been keeping an eye on alternatives in the Vancouver market. Insufficiently lucky? No, those who "cannot afford real estate" are (in most cases, as disclaimed above) insufficiently disciplined and/or insufficiently realistic.
- mistermann 11y agoYou're talking about condos, others are talking houses.