Leaving Vancouver at greaterfool.ca 22 May 2010 11:53 am -
“After 10 years of renting in Vancouver, me and the missus are finally taking the plunge. Not buying, but leaving this land of scam. Earning $160K+/yr should be enough to afford a couple a decent place to buy. Not in Vancouver though. Here you get a 2bd 900 sqft box in the sky, for $4K month (mortgage, condo fees, etc). Enough is enough. Heading East where only one of us needs to work at $80K/yr and we can afford a mortgage on a new 2500 sqft house with a nice yard and maybe even a butler. Extremely miffed I am being chased from my province of birth by immigrant money and a $8B/yr illegal pot industry. But, like I said, enough is enough, I am throwing in the towel and Vancouver be damned.”
here’s another idiotic vancouverite. have u done the math? i have a friend that bought last year..core downtown 2 bedroom , all in cost of under $2k per month with 20% down. and this is a newer 2 bedroom condo with a nice view.
no way it’s $4k down. here’s another couple who feels that are entitled to a home and are not willing to start small. good luck leaving vancouver.
oh genxr…you are an idiot
Wonderful wonderful. Blame the immigrants and drug lords.
We’re all immigrants, save the First Nations. All immigrants have produced an influx of capital. The capital the older immigrant generations possess is nothing more than having a leg-up career-wise by being born here. An influx of offshore money by first generation immigrants merely levels the playing field because the data show they are at a lifelong disadvantage from an income perspective.
You want to blame someone for the bubble, blame anyone who chose to buy at bubble prices and the majority of buyers have been in Canada a long time. Because it is a choice; nobody is putting a gun to buyers’ heads.
You consider 50% of net income for housing a tenable long term situation?