Quote:
Originally Posted by taylor192
(Post 6579017)
Lets cause you're living in dreamland.
With one of the lowest unemployment rates in the country and the only province with lots of foriegns and other Canadians emigrating to here.
|
Yes statistically BC has low unemployment, so what?
Quote:
BC residents also have the highest net worth, mostly property values, yet even with a drop in property values BC personal net worth is very high. |
Yes, as you pointed out BC residents have high personal values. When my parents bought the lot they have their house on now, they bought it for $150,000 and it is now worth roughly 3.5 million.
Unfortunately personal value has very little to do with buying power, while people that have lived here for 30-40 years have value hand over fist many new market entrants are having to move further and further into the valley.
That's up for debate.
Quote:
Oh you mean people make millions elsewhere and decide to live and spend it here. Yes its bad they are making money elsewhere, yet its great they are spending it here. |
No there's nothing wrong with that except for the fact that Vancouver is now predominantly a customer service based city. We have very little industry, very little manufacturing and are almost completely dependent on people coming here for tourism.
We've seen recently how the rise of the Canadian dollar which killed the amount of Americans visiting here has brought a lot of hotels to its knees.
Case and point, I can go and get a room at the Chateau Whistler right now for $99 dollars.
The fact is unless we have core industry we can rely on, we're in a lot of trouble. I'm not saying tourism is bad, I'm saying being solely dependent on it is bad.
It's kind of like the saying there is always someone richer, and better looking. When Vancouver's 15 minutes is over (which might not be for another 20-25 years) I'm not sure what will be left.
Quote:
Boo hoo. That's what happens with density and cities grow in size, eventually the middle class gets pushed out to the burbs or they go to a new city. |
The problem is that there is becoming less and less of a middle class. Because of extremely limited buying power of the dollar.
If you're making $200,000 a year, you're making shit here.
Quote:
If you want to live somewhere that for generations your family wll be able to afford to buy, try a small town. Big cities just don't work that way, tourist town or otherwise. |
You dumb fuck, you just don't see it do you? 20 years ago Vancouver was a small city. It's amazing what happens when people get displaced. 20 years ago people moved here because it was cheap.
Now look what has happened.
Frankly, I can live here, I don't have to give a fuck.
Quote:
Sure it does. If enough people leave and minimum wage jobs cannot be filled, things will change. Yet guess what? That means you have to put up or shut up, whining and complaining will get you no-where.
Cities change, and Vancouver is headed towards being a tourist city. It sucks, yet we're on the west coast and far from most major cities. This is why few companies are head quartered here, and doing business here costs more. You cannot exactly move Vancouver closer to major US hubs, or suddenly make the cost of doing business at a distance cheaper, so what's your plan to change Vancouver into a sprawling metropolis rather than a tourist city? |
I'm not saying to change it I'm saying to add more industry.
Quote:
So, how will raising minimum wage add substance? It won't. |
When a person's wage can buy them 2 heads of cauliflower.. I'm rightfully worried.
Quote:
More people keep moving here, so obviously they can.
I'll give you a hint:
1. income taxes are much less here.
2. despite the luxury cars you see driving around, there's actually more economy cars here than in Toronto/Montreal/Calgary/... cause people spend more on housing than cars.
3. people own condos without yards and garages, so they have less material possessions and are less wasteful with their money.
4. lots of immigrant families live multiple generations to a single home |
Thanks for the life help champ, because I didn't know these things. You're a real genius.
<golf clap>
Quote:
You must be in university or a recent grad, cause you talk like someone without any real world experience. Income and corporate taxes are less here than in many other provinces and HST will reduce the cost of ding business. |
Thanks pal, I know, I'll be lining my pockets with more money because of the reduced costs.
[/quote]
Quote:
I hope your family teaches you some business sense before leaving you any money, obviously that private school hasn't taught you much. |
Obviously right, because you know me. I do very well for myself thanks and I have as much business sense as I should. How's the weather up on that high horse you are on?
Quote:
I suggest Texas, no state and few municipal taxes.
Before you go claiming you'll pay so much less in tax, look it up. Most major US cities you'll pay:
federal income tax
state income tax
municipal income/school/services tax
municipal property tax
sales tax
road tolls
Add it all up and let me know much much less you'll be paying.
|
I'll be paying a lot less because I'll be able to deduct a lot more, spend less on housing.
I was thinking either Arizona or Missouri where state sales taxes are 3%.
Cheers.