Avoiding Vancouver – “You know how many people I know who have moved out of the ‘Best Place On Earth?’ People who make their money here, and try to be SFH owners, are fighting an invisible force. It is like head-tax for the right to be here.”

unicas on RE Talks 27 Sep 2010 at 5:44pm“You know how many people I know who have moved out of the ‘Best place on earth’? My clients, my tenants, my former co-workers and others. To Kelowna, Alberta, Ontario, the U.S. In fact, in the past one and half year, I have 4 tenants, young ones, quit the lower mainland.
I never bash a person who rents in Vancouver. If I were to start over again knowing what I know today, I wouldn’t choose to stay here. A million dollars is a lot of money in most places, for that here you can hardly buy a decent shelter to sleep.
For people who make their money here and try to be SFH owners, without help of family, they are fighting an invisible force most people in North America don’t ever have to deal with. It is like head-tax for the right to be here. For those young and with transferable skills, to move away is not a bad thing. you dont lose much except the best place on earth tag on your door.”

2 responses to “Avoiding Vancouver – “You know how many people I know who have moved out of the ‘Best Place On Earth?’ People who make their money here, and try to be SFH owners, are fighting an invisible force. It is like head-tax for the right to be here.”

  1. Why not just rent? Sounds like an optional head tax to me. If only the early 20th century Chinese were so lucky.

    I can see it now: in 80 years the city council issues an apology to indebted homeowners with no savings for the unfair “tax” they had to pay to own property in Vancouver. 🙄

  2. If you feel the need to own; buy in another city where valuations/yield are better and rent out those places. Then use the money to rent in Vancouver.

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