3928 W 34th Ave, Vancouver
1950 SFH, 2411 sqft, 66×130 lot
Asking price: $2,988,000
“Prime building lot west of Dunbar!”
“You can tell a lot about this listing at close to three million dollars for a west side tear down bungalow in Vancouver.
First, this house was built in 1950 and it looks like very little has been done since.
Second, the house is being sold by a caucasian real estate agent which indicates that the owners are long term owners who are caucasian.
Three, this house will be paid for in cash with money from China.
Four, this house will be torn down and a new monster house will take it’s place.
Vancouver is a city that has had the guts of it’s middle class ripped right out of it.
Vancouver is quickly going from being a city to a theme park for the rich.
Within a few years the largest city in BC will be Surrey and not Vancouver.
Vancouver city is closing elementary schools and downsizing this educational system because the people buy these houses do not have children this age, and the ones that do have gone to the suburbs long ago.
Within one block of the epicentre of the Stanley Cup riots last year are new condos going up that top out at over twelve million dollars.
The peasants in the street rioting are almost all from the suburbs.
The cops who are defending the city, and who work for the city, almost all live out in the suburbs too because they can no longer afford to live in the city that they work for.
The Vancouver Police Department used to have a policy that employees had to live in Vancouver, but that was discarded long ago when they discovered that their employees could no longer afford to actually live here.
Vancouver = a postcard city.
Nice on the surface, like a Hollywood movie set.
But look a little closer and rage and anger here is manifest.”
- John at greaterfool.ca 10 Mar 2012 3:46pm
Largely agree with the sentiment.
BTW, houses like these will sell for , say $999K, or less, in the trough (and, yes, prices like $999K will return – less need to bother with all the eights. In fact, eights may even be actively avoided as too redolent of the boom-’n-bust.)