If you could not afford a house in Vancouver, would you still live here.....??
 

Would you just rent for the rest of your lives?? Or would you move elsewhere??

planning to get your ass back to China, baoxu?

move somewhere else.

hahaha actually i'm planning to hit up the motherland in a year or so.

the housing market in china is apeshit crazy too. probably more crazy in china since there's so many people!!

You're right. If you can't afford a place in Vancouver, you probably can't afford a decent place in mainland China.

i'd buy a condo/townhouse instead.

you have to move away from vancouver... my friend just had her second child and the little rental they had in vancouver was too small to raise their family in, and they can't afford to rent something larger or a mortgage at current rates so now they have been forced to move out to pitt meadows and commute every day :(

It totally depends on what is an acceptable lifestyle to you. If you life in a gated area closed off from the China-ness of China, then it will be quite a bit more. But then, you are basically locked in your own home.

Of course you could move to a regular neighbourhood, but then you are still in China... Not the kind of place I'd want to live personally.

this

:thumbsup:

cant afford a house but really want one? move to Detroit

how much are apartments going for nowadays??

^ as low as 200k

they can go from 100k way out in the suburbs to $10 mil+ for a dt penthouse. I would say average condo in vancouver would be 300-400k?

Rent for as long as possible then move to a different city, outside of the lower mainland. Long commutes are horrible.

Unemployment is as high here as many other places in the country, while the average wage is lower. The only reason to stay in the weather, since the lifestyle becomes unaffordable if you buy real estate (unless you live off credit, then your days are numbered).

Most wives/mothers value owning cause it is stability, so even if you think you'll rent forever, most likely your girl will pressure you to buy so she can nest.

I would move out east. It's more affordable there.

Ouch!

Do you mean stay in bc in general, or tottaly change it up and move far away from van?

Farthest I would move would be Langley, but that's if I HAD to. Would rather live in an older smaller place in Vancouver/Richmond than commute everyday. But then again even if commuting wasn't an issue I'd stay around here.
Posted via RS Mobile

3-400k is entry level in vancouver for a new-ish condo. you might get 700sq ft if you're lucky, and it depends on which part of vancouver. in downtown you'll prob get under 600sq ft. not the kind of place you'd want to stay for long.

personally i need 1000sq ft to live in and be comfortable.
not something i can afford right now!
when i decide to buy it'll hopefully be a townhouse.

i would consider moving out of vancouver, however of all the places i've visited so far, i cant see myself living in them for a long period of time other than here.
guess i gotta keep travelling and see more of whats out there. all the good cities in the states are more expensive than vancouver to live in.

Time to start developing the downtown eastside

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.

you can get over 1000 sq/ft easily in that 300-400k price range, but your going to be sacrificing age/location, and will be paying for it in ridiculous maintenance fees.

For myself, I put location and age the top of my priority list. It all depends on lifestyle, i spend most of my time at work or school, aside from sleeping i spend maybe a few hours a night at home.

Renting is pretty good in BC because tenants have a lot of rights that they do not necessarily enjoy in other parts of the country.

I live in a "shoebox in the sky" and it's not bad for a bachelor. But, if I'm going to have a family, it would be a bit of a challenge. Staying in Vancouver is probably far more doable as a bachelor because of the large amount of housing available that is designed for singles (1 or 2 bedroom apartments less than 1000 sq. ft.)

I prefer the burbs to living in Vancouver so I guess my answer is stay elsewhere?

you can, but i dont wanna live in maple ridge or langely.
i meant strictly in vancouver, possibly burnaby.
and yeah age does matter. older than 10 years is too old.