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-   -   Metro Vancouver housing costs among the highest in the world: survey (https://www.revscene.net/forums/562427-metro-vancouver-housing-costs-among-highest-world-survey.html)

trduhs 01-29-2009 01:55 AM

dont worry the bubble is BURSTING! BOOM!!!!

2damaxmr2 01-29-2009 02:01 AM

^ it is unlikely that the housing price will go down like it used to be ( like 15-20years ago)

hotjoint 01-29-2009 07:10 AM

gotta deal with it if you want to live here...

Vege 01-29-2009 07:16 AM

If locals can't afford houses in Vancouver, there are plenty of wealthy people from other countries who can afford to buy a 2nd home here.

EM2 01-29-2009 07:29 AM

well it is one of the best city to live in

Psykopathik 01-29-2009 09:25 AM

Quote:

Originally Posted by 2damaxmr2 (Post 6252074)
winnipeg ftw. if it wasnt for my job i would move back to winnipeg.

If it wast for the fact its Winnipeg, i would move there too.

Jeebuz is cold. not even for a free house.

wouwou 01-29-2009 09:27 AM

Quote:

Originally Posted by Synaptik (Post 6250874)
vancouver's housing price is a direct result of mainlanders and hk immigrants coming here and buying up everything in sight.

also lol@rmd acura and rmd automall dealers. never had to work for a sales ever.

that makes as much sense as "if no one fucks, AIDS doesnt matter"

Jackwimmer 01-29-2009 09:34 AM

http://www.cbc.ca/consumer/story/200...socialcomments

still going down tho

!SG 01-29-2009 09:52 AM

haha, u get a nice view of the rockies, if the new condo development in front of ur tower isnt blocking the view.

we get lots of hills, but if the city actually finally fixes all those pot holes and uneven road surfaces from other contractors like telus, rogers, housing, from digging up a new paved surface then 1/2 ass patch it back up, it make roads easier to drive on.

the crisp clean air is slowly but surely being polluted from all the construction and development. the trees we had were blown down by the heavy wind we had past years..

I can see vancouver slowly turning into something like LA. the only thing we got going for us is the natural resources, however its just a matter of time =/

That being said, vancouver IS a great place to live, its just that the cost to live here is way too high for what u get. When they first designed vancouver, they did not expect these high numbers of population, thus why we dont have the infrastructure to support it. There is only so much skytrain can do, buses use the same routes as cars. we dont have the freeways to move the mass of cars from point to point like other cities.

Condo prices will go down even further, housing prices will go down, but not at the same rate.

According to the studies, they said if u lived in vancouver, it would take u roughly 8 years to save up enough to look towards purchasing a place of ur own. other cities like toronto, around 3-4 years. This factors in the cost of living.

It becomes a big surprise when u go to other cities and compare the cost of living there. EG, a can of coke in HK is roughly 40-50% cheaper compared to its price in vancouver.

Quote:

Originally Posted by BNR32_Coupe (Post 6251586)
There's nothing to complain about. Look to the north and we got a nice view of the rockies. We got lots of hills, too, so look to the south and you see richmonds city scape glimmering at night. Look south east and notice the kickass sunset. We got lots of trees around, the air is crisp and fresh, everythings green and nice (when its sunny).

Go to a different city, like LA, and you'll see a lot of the "ghetto". Go to Toronto and it's way too packed, no scenic view. Go to Tokyo and all you'll see is concrete or glass. We put "Beautiful British Columbia" on our license plates, jack up housing costs, and boast the #2 - 3 best city in the world to live in for a reason.


Mice 01-29-2009 09:55 AM

my parents friends are buy properties like crazy these days
dad just bought another condo in richmond for 500k
we have 6 properties under our belts
good stuff
easy cash

Jackwimmer 01-29-2009 10:12 AM

housing prices are gonna drop a lot in the next few years, the boom is over :(
probably better to buy 5 houses during 2012 i think
when ur in a financial crisis, that will happen :lol

hung_low 01-29-2009 10:16 AM

Quote:

Originally Posted by Mice (Post 6252367)
my parents friends are buy properties like crazy these days
dad just bought another condo in richmond for 500k
we have 6 properties under our belts
good stuff
easy cash

you got freaking ripped off

wouwou 01-29-2009 10:27 AM

Quote:

Originally Posted by Mice (Post 6252367)
my parents friends are buy properties like crazy these days
dad just bought another condo in richmond for 500k
we have 6 properties under our belts
good stuff
easy cash

who buys sub million CONDOs for investments?

Ask any real estate agents and they will tell you to instead by 1 freaking decent single family house than 4 condo to collect rent.

2damaxmr2 01-29-2009 12:14 PM

Quote:

Originally Posted by Turbo E (Post 6252329)
If it wast for the fact its Winnipeg, i would move there too.

Jeebuz is cold. not even for a free house.

It is not cold as you think. Infact i think it is colder here than winnipeg. It is a different kind of cold in winnipeg.

wouwou 01-29-2009 12:17 PM

Quote:

Originally Posted by 2damaxmr2 (Post 6252571)
It is not cold as you think. Infact i think it is colder here than winnipeg. It is a different kind of cold in winnipeg.

I thought Winnipeg hits -30 during winters?

2damaxmr2 01-29-2009 12:44 PM

it doesnt feel like below 30. i survived in winnipeg without having a car.

goo3 01-29-2009 01:34 PM

is it not windy? maybe that's why

hung_low 01-29-2009 02:11 PM

Quote:

Originally Posted by 2damaxmr2 (Post 6252602)
it doesnt feel like below 30. i survived in winnipeg without having a car.

-30? your nuts must be tucked way into your body. might as well call them ovaries

Mice 01-29-2009 02:15 PM

Quote:

Originally Posted by hung_low (Post 6252384)
you got freaking ripped off

Quote:

Originally Posted by wouwou (Post 6252399)
who buys sub million CONDOs for investments?

Ask any real estate agents and they will tell you to instead by 1 freaking decent single family house than 4 condo to collect rent.

You jealous?

It's okay I understand. It's impossible for you to purchase a home in Vancouver unless you have strong financial backups. My parents just transferred two of their homes under my name.

wouwou 01-29-2009 02:58 PM

Quote:

Originally Posted by Mice (Post 6252764)
You jealous?

It's okay I understand. It's impossible for you to purchase a home in Vancouver unless you have strong financial backups. My parents just transferred two of their homes under my name.

why would I be jealous? start reading other forums on RS you know, especially the business one. :D I am quite content with my investing ability as of today.

I am merely stating a point from financial investing perspective, in which case sub-million condo has the worst financial performance in terms of returns compared to single family houses, townhouses, or million + condos. You can buy a 500K condo 5 years ago and it will go up by most 15% in 5 years, where as single family houses will see close to 30-40% if you pick the right one with reno.

P.S, what your parents made doesnt make you better, you will just turn into another SFUdropout

:haha:

Harvey Specter 01-29-2009 03:29 PM

Great, another troll who's going to start claiming he has 10 houses, a private jet and a Lambo as a daily driver.

wouwou 01-29-2009 03:45 PM

Quote:

Originally Posted by Jah Al Zawahiri (Post 6252869)
Great, another troll who's going to start claiming he has 10 houses, a private jet and a Lambo as a daily driver.

so you are jealous of him too?

He just has 2 homes transferred to him, that's like Hyde, except better :D

Harvey Specter 01-29-2009 03:49 PM

Lol, everyone wants to be like Hyde.

quasi 01-29-2009 04:00 PM

Quote:

Originally Posted by Mice (Post 6252764)
You jealous?

It's okay I understand. It's impossible for you to purchase a home in Vancouver unless you have strong financial backups. My parents just transferred two of their homes under my name.

LOL

trduhs 01-29-2009 04:28 PM

Quote:

Originally Posted by Mice (Post 6252367)
my parents friends are buy properties like crazy these days
dad just bought another condo in richmond for 500k
we have 6 properties under our belts
good stuff
easy cash

RIPPED off indeed!
havent you seen the news? condo prices have dropped DRAMATICLY especially in richmond new west and coquitlam.


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