El Magnifico at VREAA 15 Feb 2011 4:03 pm -
“I’m one of these guys that just left Vancouver for London, UK. I really loved the 5 years I spend in Vancouver, but the prospect of not being able to afford anything despite my $100/year salary finally turned me off. My company offered me a 6-month mission with expat package in London, which I accepted despite the fact that my wife was pregnant (she just delivered last Friday!). I arrived in London on January 14 and I truly love it. My local boss offered me to stay in London after my mission, on a local contract… I thought about it, discussed with my wife and we decided it was the best option for us. London is expensive too (although groceries are much cheaper), but I’ll be paid 30% more here than in Vancouver. My standard of living is and will be better than in Vancouver and I will be able to afford something here in the foreseeable future. Job opportunities are limitless here, unlike tiny Vancouver…
After spending a month here and looking back, I just think Vancouver is so outrageously expensive. From Groceries to housing, shopping, restaurants, etc., everything is overprice with most often questionable quality/service. In Vancouver, I find I’m getting ripped off all day long (don’t get me started on Banking or worse mobile phone). Things are expensive too here, but I find I do get value for what I pay. And I just love so much going to Museum… for free!
Vancouver is good but certainly not the “best place on earth” (how pretentious!!!), and there are lots of amazing places around the world that are more worth it than Vancouver.”
Most Recent Comments:
- lithium technologies on The Froogle Scott Chronicles: Mortgaging Our Souls In Paradise – Part 6: Renovation Nervosa
- J-F on The Stigma Of Renting In Vancouver – “Oh no, we would never rent”
- Real Estate Tsunami on Chat Thread
- Nemesis on Chat Thread
- Real Estate Tsunami on Chat Thread
- rod_jonsson on Chat Thread
- Nemesis on Chat Thread
- rod_jonsson on Chat Thread
- Nemesis on Chat Thread
- rp1 on Chat Thread
- Farmer on Chat Thread
- Nemesis on Chat Thread
Type of Anecdote
- 01. He Said, She Said (247)
- 02. Profiting from the Boom (441)
- 03. Changed my Life (103)
- 04. Changed my Career (38)
- 05. Where do Buyers get the money? (958)
- 06. Held my Nose and Leapt (96)
- 07. Avoiding Vancouver (375)
- 08. Overextended Buyers (1182)
- 09. Delaying Buying (315)
- 10. Demoralized Renters? (362)
- 11. Regrets about Investing in RE (417)
- 12. Effects of Development (274)
- 13. 2010 Olympics Related (74)
- 14. Social Effects of the Boom (1255)
- 15. Misallocation of Resources (958)
- 16. Missed The Boat? (236)
- 17. The Froogle Scott Chronicles (27)
- 18. Spot The Speculator (171)
- 19. BlastRadiusPostCards (17)
- 20. The Limitless Demand Argument For Ongoing Market Strength (70)
- 21. Vancouver RE-Verse [Found Poems] (8)
- 22. RE References In Popular Culture (41)
- 23. Jumping The Shark (1)
- 24. Policies On Housing (10)
- 25. Epigrams For The Bubble (1)
- 26. Premature Calls Of "Bottom" (3)
- 27. Seller Panic (3)
- 28. Erroneous Causation Theories For Falling Prices (7)
- 29. Bubblespeak (1)
- Uncategorized (176)
Blogroll
- 01 Vancouver Condo Info
- 02 AmericaCanada [retired, no archive]
- 03 Housing Analysis
- 04 RealEstateTalks BC
- 05 Vancouver RE and then some
- 06 Whispers from the Village on the Edge of the Rainforest
- 07 Greater Fool
- 08 Canada Bubble
- 09 Rob Chipman's blog
- 10 YatterMatters
- 11 condohype [retired; archives available]
- 12 vancouver (un)real estate
- 13 Agent Will's Stats [retired]
- 14 Landlord Rescue
- 15 The Economic Analyst
- 16 Canadian Housing Price Charts
- 17 Hoodsurf [retired Jun 2011]
- 18 World Housing Bubble
- 19 Vancouver Price Drop
- 20 North American Economics



Follow vreaa on twitter
- Chat Thread wp.me/pcq1o-5vD 3 weeks ago

VREAArchives
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- October 2008
- September 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Tags
Anecdotes Banks Bears blogs British Columbia Bubble Bulls buyers Canada Capitulation China CMHC Construction Debt Economy Employment Fear Foreign buyers Fundamentals Government Housing Interest Rates Landlords Life Media Mortgage brokers Okanagan Olympics Ownership Prediction Real Estate Realtors Relationships Rent Retirement RE_ATM sellers Sentiment Speculators Toronto US Vancouver Victoria Visual Anecdote Whistler




























Whilst I share a lot of your sentiments I can’t help but feel you might be shocked at London Real Estate prices – yes I know there is a correction currently in the UK but London is still miles more expensive than Vancouver based on a comparable property/areas.
I hope you are being paid in GBP as I can sense a massive swing back for the GBP against the Loonie. If it reverts to its traditional rate of 2.15 to 1 then this will make everything in the UK about 20-30% more expensive once this correction occurs.
The British Pound has been devalued in order to make thier exports more affordable (just like the US) – once this happens then the GBP will rise like a rocket against the worlds smaller currencies.
However all well & said it really is quite amusing to hear Vancouver property bulls making a comparison with their city & London which is the equivalent of comparing the Vancouver Whitecaps with Barcelona. London is recognised internationally as one of the worlds financial centres with income levels far in excess of anything available in Vancouver.
The population of Greater London depending on which reference source you use is anything from 4 x the size of GVA to 10 x the size. Add in the close proximity to other large European Conurbations i.e. Brussels,Amsterdam, Paris (all within 3 hours high speed rail or 1 hr flying time) then you can clearly understand why London is regarded as one of the worlds premier capitals with justifiable property values whereas Vancouver whilst nice (so is Geneva) and is close to the Sea (so is Marseilles) and Mountains (so is Turin) is not on the same page as London.
Vancouver is vastly over priced and is due a massive correction.
I LOVE VANCOUVER WITH MY LIFE