“We live in Vancouver and frequent Seattle often. We look at real estate at times when we travel there. Although the median price may show $320,000 in Seattle you would be hard pressed to find anything for that price there unless it were a dump. Surely this figure is comprised of the many studio and one bedroom sales and is not a sole reflection of single family home prices only. To get a decent single family home anywhere in Seattle in a decent neighbourhood would easily cost upward of $500,000-$600,000.
Besides the numbers the graphs comparing Vancouver to Seattle are very concerning to us. We were lucky and sold our downtown Vancouver condo a year ago this March 15th. We took a $17,000 hit after fees. But we felt blessed to get out even though we lost a little cash on the deal. We look around now and it seems like nothing is selling downtown – nothing. We know the real estate downturn has arrived.
If we could find viable jobs in Seattle we would quickly move there. Compared to Vancouver the prices of real estate are much less there and so are the prices for most goods, services, and entertainment. Our quality of life would benefit in ways we cannot imagine here. Aside from the lack of a widespread rail system Seattle as a city is top notch and the people are great too. But getting around in a car is much easier in Seattle than in Vancouver. Tit for tat. I hear they are working on a comprehensive citywide rail system right now and also maybe even getting high speed rail connecting Seattle to Portland. But they are also building a trolly system too such as the one they have in Amsterdam. As an example they are building a brand new waterfront and it looks like it is going to be unlike anything anyone has ever seen. We enjoy living in Vancouver but this city is getting just too expensive for everything. My point is Seattle seems like it is putting money into its services and parks and we just keep building glass towers without care to how it affects living everyday.
Why pay more here when we could potentially live in a sister city that has so much more to offer? Seattle also has its amazing restaurants, we find it to have nicer and better shopping, without a doubt a better art and music scene, large parks, and bohemian culture. Not to mention it is a beautiful skyline and the architecture is not monotones. Overall we love it there and we would venture to say it is actually a much nicer city than Vancouver especially when you take a tour of it on foot.
So when we see median prices nearly triple here in Vancouver over what they are in Seattle then we know we are going to get nailed here in a crunch. It just doesn’t make any sense and most anyone of our friends would agree living in Seattle is a nicer experience in general. Personally we think all the hype as being the Best Place on Earth is nothing more than a ploy to make us all feel good about the ridiculous debt levels we now somehow stumbled upon. Anyone who believes it is the Best Place on Earth here needs to travel more frequently. You do not even need to get off the continent to know differently. All you need to do is drive two and one half hours South.”
Funny I just had a conversation with a co-worker about this same topic and came to the exact same conclusion. Seattle and to add Portland have way more going for them than Vancouver. They have a soul….a vibe…sense of community which you can feel. Vancouver although now much more diverse lost this decades ago…