During a bubble, people are distracted by the apparent positive effects of increasing property prices. Less apparent are the invisible negative social effects. How many people have left or avoided Vancouver because of the preposterous cost of owning? How many businesses have not set up in the region for the same reason? I personally know of professionals who have visited looking at jobs here, but then decided against the move purely because of housing costs. -vreaa
This from Andy in a comment posted at VREAA 31 Dec 2009 10:52 am -
“When I grew up, Vancouver was just another city, beautiful, wonderful to live in. I would move back, but the costs are now prohibitive. I have family in West Vancouver and Point Grey, but it isn’t possible for me to move there, my daughter to attend university there, and for it all to happen. It is becoming hell for average people who don’t have money, who just want a home.”
































read this article and get some excerpts for this site. It illustrates the psychology well.
http://www.vancouversun.com/sports/Supply+demand+real+estate+rebound/2398562/story.html
Ming Pao’s most important news on the first of January, 2010
Lai Chang-xing declares 2010 a boom year for Vancouver real estate
http://www.mingpaovan.com/htm/News/20100101/vaa1h.htm
sorry but the point grey & dunbar areas are no longer for the working class. they are for the rich international investors or successful business people.
if you want a home, look further east (burnaby )