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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
thats why these kids are weak and coddled. They all need to be beaten in the face with some new immigrant-grade / borderline refugee-ish level of poverty.
Insane to think most of our parents moved 1000 miles away leaving their grandparents back in the old country and raising us on our own, but here you guys are contemplating moving closer to get free babysitting.
Well... the standards / expectations of parental duties back then are really quite different compared to what passes as acceptable in this day and age though.
Back then, it was a much simpler world, and I'd say that for most parents, they can give themselves a pat on their backs for doing a decent job if they have kept their children housed, clothed, fed, and sent to school. Also, it was a lot more common for households to only have a single source of incoming, meaning that one parent was generally available at home to look after the children.
We all need daycare now bcos both parents work.
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Quote:
Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
Insane to think most of our parents moved 1000 miles away leaving their grandparents back in the old country and raising us on our own, but here you guys are contemplating moving closer to get free babysitting.
Part of that is the parents making the sacrifice of "losing" their kids so that the kids could have a better life. Back then the kids didn't immigrate to Canada because they couldn't stand their parents but because they wanted more opportunity - opportunity that didn't exist back in HK. Today we move away from our parents cause they drive us crazy and it's not their sacrifice that's driving it - it's our selfishness/independence that's causing it.
BTW: Didn't most of your parents end up immigrating their parents over here too? My paternal side came here shortly after my parents came to Canada and my maternal side lived with us - 10 people in a 3 bedroom house for about 3 years! - before they decided they liked HK better and moved back.
Nope... grandparents came to visit, but remember full health care back in Shanghai, nothing here... so it was impracticle for them to stay here long term....
Also, all their majong buddies are back in Shanghai lolol
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BTW: Didn't most of your parents end up immigrating their parents over here too? My paternal side came here shortly after my parents came to Canada and my maternal side lived with us - 10 people in a 3 bedroom house for about 3 years! - before they decided they liked HK better and moved back.
100% grandma didn't like it cuase it's so boring.
My dad said he love Van and wouldn't wnat to go back in Van. Not sure if it's the air here, or the ability to just be chill.. but surprised he likes Van.. (given he has been here or 30+ years
^^ I was gonna mention this, is it a good time to pick up condos, maybe you can get something in Surrey for $300s, better than rent, extra stash house, parking space
It's not because I we might not have seen the bottom yet, and the ROI is not going to be there when rent has been dropping and holding costs continue to rise.
Not sure why the downturn is making headlines. Maybe for peeps in their 20s/30s are seeing RE downturn for the first time?
what? how can you be so out of touch.
its making headlines cuz majority of folks in Vancouver live in these condos and townhouses. Now they lost 1/4 or 1/3 their values from when they purchased them in 2021/2022.
its pretty disheartening for the average joe to be paying out 4-5k in mortgage every month while your house is worth 200-300k less than what you paid for it. God forbid you lose your job (likely in this economy and traffis situations) and youre stuck paying for a house that you have to take a massive haircut on to sell.
I think young ppl (20s/30s) are making a fuzz on the RE downturn. But just as any basic necessity/commodity, it would almost always go back to where it was. The question is just how long.
Too many see RE as an opportunity to speculate. I'm not sorry about those people at all. You made your bet, you take the consequence. No market would ever just continue to grow.
If you can't recognize the huge difference in situations between young people who tried to get into the market simply to be able to own the place they live in, versus people who bought up up multiple condo units to flip or profit off AirBNB and now causing this very disaster on those in the former situation, and not sympathize with those in the former, then there is no hope for you.
If you can't recognize the huge difference in situations between young people who tried to get into the market simply to be able to own the place they live in, versus people who bought up up multiple condo units to flip or profit off AirBNB and now causing this very disaster on those in the former situation, and not sympathize with those in the former, then there is no hope for you.
I said that I don't feel sorry about those who were speculating. Ppl who are buying their first place, that's another story.
But then again, with all the gov't incentives, I find it hard to believe that people who are genuinely buying their first home wouldn't be able to close.
If one really is buying first place and couldn't close despite all the gov't programs, I think that person was stretching way too far and the only way I could think of to pull the trigger would be they were speculating as well.
Government programs don't do shit when detached home prices start at 1.4M for a rancher in Ladner dude.
Even a doctor can't go detached unless they marry another doctor in the lower mainland.
And detached is the only segment staying at least a bit afloat.
Everyone living in a condo/TH they bought the last few years is staring at a valuation below their mortgage at this point.
Erh, the vid is about condos hence my feedback. I don’t think anyone in lower mainland is buying detached as first time buyer unless you are some old money or with some inheritance.
As a matter of fact, the reason why detached didn’t fell as much is because there’s less speculation than condos. We basically priced out speculations in detached market.
detached is bad rn, people who bought in 2015-2016 in richmond/vancouver are selling today pretty much break even after closing costs or even a loss unless their property can be zoned for multifamily.
Time to bring back the wild west of BC real estate circa 2013-2017. Repeal all the foreigner/speculation/vacancy/assignment tax and turn off the camera at the river rock casino cashier!!
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Quote:
Originally Posted by noclue
detached is bad rn, people who bought in 2015-2016 in richmond/vancouver are selling today pretty much break even after closing costs or even a loss unless their property can be zoned for multifamily.
Time to bring back the wild west of BC real estate circa 2013-2017. Repeal all the foreigner/speculation/vacancy/assignment tax and turn off the camera at the river rock casino cashier!!
This is interesting, do you have any examples of the mentioned detach that is currently being sold for 15/16 prices?
Just curious on the type of house, year it was built and the price range of the houses you're referring to.
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