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These kids may not have a trust fund, but to have already bought and sold a Vancouver townhouse with enough equity to buy raw land and build a fairly baller hou
by ttul 5y ago
These kids may not have a trust fund, but to have already bought and sold a Vancouver townhouse with enough equity to buy raw land and build a fairly baller house on it… they definitely had parental help.
- gameman144 5y agoOr are working in highly-paid careers. It's definitely not infeasible for a dual tech income to afford this after an early life saving for it.
- shtopointo 5y agoDude works for slack – a quick search reveals that he was one of the early employees. I know nothing about him otherwise, but he doesn't have to come from money, being lucky with the IPO could explain the windfall to afford the house. In other news, it looks pretty (and over the top), but I doubt most of us here will ever be able to afford something like this.
- ttul 5y agoAhh, yes. Slack explains it.
- oh_sigh 5y agoIf a couple in their 30s with 2 children are kids...what do you consider adults? Also, I'm approximately their same demographic and could afford to build a house like this if the other estimates in this thread are approximate, and have literally not taken a penny from my parents, or used their resources(which are scant - I was paid more my first job out of college than both my parents combined), since I was 16.
- drBonkers 5y agoOP uses 'kids' to imply maturity, not age.
- oh_sigh 5y agoThere's nothing less mature than raising children and overseeing your home's construction, while holding down a full time job.
- JaimeThompson 5y agoTheir lack of mature shows when they talk about being concerned about the environment then using so much power to run their house.
- googlryas 5y agoThe source of the power is important. Are they kids if they care about the environment and pay for 400A service of renewable energy? Is there anyone in America or Canada who cares about the environment, who is not a kid by your standard? I know a bunch of people who claim to care about the environment, but they still eat meat, drive ICE cars, have children, use ridiculous amounts of power compared to the global average, and do many of the normal things North Americans do. I still believe they care about the environment though.
- JaimeThompson 5y agoThey have a large propane generator to provide supplemental power when the 400A service isn't enough, such generators typically do not have advanced pollution control / carbon capture devices attached. This, combined with the design of the building, is evidence their care doesn't extend to action in this instance.
- googlryas 5y agoSounds like a stop-gap measure, partially because building codes in the region didn't let them do what they really wanted to do: > These are two areas where the BC building code, BC Hydro, and the construction industry lag behind more environmentally progressive regions. It’s our hope that as the technology and standards improve we’ll be able to eliminate propane from the mix and use a fully electric power base, much of it captured on site from our 11.6 kW array.
- Scoundreller 5y ago> Vancouver townhouse > enough equity to buy raw land and build a fairly baller house on it Sounds about right for Vancouver property market.
- dleslie 5y agoIf you bought a house _anywhere_ in Metro Vancouver and held it for ten years, you could likely finance this project if you sold it now.
- odonnellryan 5y agoYou would have net $3m+ on any of those homes?
- dleslie 5y agoYou don't need the full value to finance a $3M project; the author mentioned a mortgage.
- odonnellryan 5y agoSure...