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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   If you could not afford a house in Vancouver, would you still live here.....?? (https://www.revscene.net/forums/612437-if-you-could-not-afford-house-vancouver-would-you-still-live-here.html)

Marioo1991 04-22-2010 07:23 PM
Quote:
Originally Posted by amanonfire (Post 6919610)
To me, anyone using the HBP for more than just a temporary loan is in trouble.

For example: I get back ~35-40% of what I contribute into my RRSPs. If I took a $25K loan (and had $25K contribution room) I could put $25K into my RRSP and get back a $10K tax return. I could then withdraw the $25K HBP from my RRSP and pay back the loan. Now I have $10K for a few $100 of interest on the loan.

Do this x2 as a couple, and you've got $20K for a downpayment, and you haven't touched your retirement savings. Even at a 30% tax bracket, that's still 2x$7.5K = $15K

There is no reason to delete your retirement for a house.
I agree. When me and my SO purchased our first place, I had her contribute to her RRSP to the 20k mark, took it out 90 days later, and used the huge refund to put towards the downpayment. I have friends who also bought young who didnt do this, and wish they did.

falcon 04-22-2010 08:27 PM
Quote:
Originally Posted by mx703 (Post 6916795)
I honestly believe the best investment you can make today is moving and buying a house in Surrey.

That is probably the last city that has reasonable prices for housing and isn't too far from Vancouver.

And in about 10-15years it's going to be a completely different city imo. If I had a lot of extra cash I would buy a house in Surrey.
And if you want to eventually move back in Van/Burn/Rich the ROI on your Surrey house should appreciate enough that getting a mortgage would be more realistic.
this.

My commute to D/T last year was 40 mins. And I took the skytrain too which make it nice and easy everyday. always on time.

Ride 04-22-2010 08:39 PM
Quote:
Originally Posted by mikeivb (Post 6919316)

I know someone who bought a place, and put 0 down, and used the HBP to purchase a car, now that's stupidity.
so does he know he has to pay a penalty to CRA or he hasn't figured that part out yet

falcon 04-22-2010 09:08 PM
Quote:
Originally Posted by amanonfire (Post 6918981)

It is not 30 mins to downtown from Surrey unless you're breaking every traffic law and there's no traffic. 45 mins easy, 60+ in traffic.
No it's not. 30 mins is an easily doable time. #10 to the east west, over oak and down granville.

Working as a delivery driver for 3 years I have spent more time on our local roads than many of you. You can go from west van to richmond/surrey/langley much faster than you think.

Hondaracer 04-22-2010 09:18 PM
^ yeap

fastest i ever made it home from Granville/Helmken is 23 minutes to the port mann at 4 am lol

Meowjin 04-22-2010 09:43 PM
i can do 4 and williams to granville and nelson in 16 minutes.

ShadowBun 04-22-2010 09:45 PM
thats why you gotta try harder

its a dog eat dog society...

orange7 04-22-2010 09:49 PM
Quote:
Originally Posted by YellowBun (Post 6920184)
thats why you gotta try harder

its a dog eat dog society...
i'd prefer man eat dog society..

yummm

DsZ24 04-22-2010 09:50 PM
I can see it now, in a couple days there will numerous threads in the police section from people asking how to get out of speeding tickets when they tried to beat the times in this thread lol.

Durrann 04-22-2010 11:28 PM
vancouver is so convenient
its the centre of everything

amanonfire 04-23-2010 07:00 AM
Quote:
Originally Posted by falcon (Post 6920108)
No it's not. 30 mins is an easily doable time. #10 to the east west, over oak and down granville.

Working as a delivery driver for 3 years I have spent more time on our local roads than many of you. You can go from west van to richmond/surrey/langley much faster than you think.
Next time you do it post pics of the time you left, and the time you arrive. There is no way to do this in 30 mins without breaking many laws, especially in rush hour traffic.

BTW I want door-to-door time. Sure I might beable to make it from the Surrey bridges to downtown, yet how long did it take to get to the bridge, then how long were you stuck in traffic downtown before getting to your destination.

amanonfire 04-23-2010 07:04 AM
Quote:
Originally Posted by MajinHurricane (Post 6920176)
i can do 4 and williams to granville and nelson in 16 minutes.
I've done 4th/Blenheim to No 6/Westminister in 18 mins, yet the stars and moon aligned and I hit every green light. I was also doing 100+ on Oak, 120+ on 99, and 100+ on Westminister and eventually speeding like that will result in a ticket, so I don't do it often.

There's no way to repeat that in rush hour, its ~25 mins usually with light traffic, 35 mins with normal traffic.

jmvdesign 04-23-2010 07:09 AM
Quote:
Originally Posted by falcon (Post 6920108)
No it's not. 30 mins is an easily doable time. #10 to the east west, over oak and down granville.

Working as a delivery driver for 3 years I have spent more time on our local roads than many of you. You can go from west van to richmond/surrey/langley much faster than you think.
yea good luck with that. 4AM? yes. but taking 30 mins to get to and from the municipalities you mentioned is no where near realistic driving during rush hour.

Marioo1991 04-23-2010 07:47 AM
Its so easy to say how long it can take you to get from x to y, but until you actually prove it its all talk.

Marioo1991 04-23-2010 07:49 AM
Quote:
Originally Posted by amanonfire (Post 6920661)
I've done 4th/Blenheim to No 6/Westminister in 18 mins, yet the stars and moon aligned and I hit every green light. I was also doing 100+ on Oak, 120+ on 99, and 100+ on Westminister and eventually speeding like that will result in a ticket, so I don't do it often.

There's no way to repeat that in rush hour, its ~25 mins usually with light traffic, 35 mins with normal traffic.
I once made it from Kitsilano to Metrotown in 14 minutes, I'm surprised I didnt kill myself

quasi 04-23-2010 08:53 AM
Quote:
Originally Posted by falcon (Post 6920108)
No it's not. 30 mins is an easily doable time. #10 to the east west, over oak and down granville.

Working as a delivery driver for 3 years I have spent more time on our local roads than many of you. You can go from west van to richmond/surrey/langley much faster than you think.
I agree with him. I drive a lot for work, my office is in Surrey and most our site work is in Vancouver. It depends what part of Surrey your in and what time of day but I can get from our office Surrey to downtown in probably 30-35 minutes no problem but I can't do it during rush hour. If it's before 6am or between 10am-2pm no problem at all but my office is right on the border of Surrey and Delta so getting to the Alex Fraser doesn't take long.

Meowjin 04-23-2010 12:49 PM
Quote:
Originally Posted by amanonfire (Post 6920661)
I've done 4th/Blenheim to No 6/Westminister in 18 mins, yet the stars and moon aligned and I hit every green light. I was also doing 100+ on Oak, 120+ on 99, and 100+ on Westminister and eventually speeding like that will result in a ticket, so I don't do it often.

There's no way to repeat that in rush hour, its ~25 mins usually with light traffic, 35 mins with normal traffic.
well its easy, just stay in the right lane, it always goes faster down oak.

Marioo1991 04-23-2010 02:12 PM
Quote:
Originally Posted by MajinHurricane (Post 6921075)
well its easy, just stay in the right lane, it always goes faster down oak.
last time i was on oak i saw some car ripping down the right lane and smoked some car turning left


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