SDBound at vancouvercondo.info February 9th, 2011 at 11:18 am– “After scrimping and saving for a downpayment for the past 5 years – we are of the traditional 20pct downpayment 25 year mortgage mentality – only to have house prices run up faster than we could save we have decided to give up on Vancouver. Don’t get me wrong the city is wonderful but the cost of living and opportunities are not here for the average or even above average blue/white/grey collar working class.
When we went look at houses every one has mortgage helpers and basement suites. To me that’s not right. Single family detached houses turning into tri-plexes and 4-plexes. That is what is driving up house prices. City council should approve more multifamily and higher density house all over the city.
For the past while I been working with a recruitment firm and last night I accepted a job in San Diego. The salary is about 10pct higher with health plan and 2 weeks of paid vacation. We will rent first and then later look to buy a house for around 320k. With the lower living costs, my wife can afford to stay home with the kids. My parents and inlaws will come visit us every few months and will probably stay a few weeks at a time especially in the winter.
Some pundits will say good riddance and maybe that we are complainers and so forth. This is not a pity attention getting post. I do this to say there are options out there. Why take the narrow view to say this is the only nice place to live – the world is a big place. If Vancouver wants to be a rich man playground so be it.”
Joshua at vancouvercondo.info February 9th, 2011 at 11:31 am– “Good for you! Its funny, my wife and I have been having this exact conversation. I was recently in San Diego for a conference – it was November, and I had some time to stroll around on the beaches in my short sleeves, gorgeous and sunny. When I got home, we pulled up some real estate pages and marveled at what we could buy for $400K. She is pregnant, and it sure would be nice if she could stay home with the kids, while I work, and still have more money every month…”
Patiently Waiting at vancouvercondo.info February 9th, 2011 at 11:47 am– “My wife and I are discussing Ontario. She has lots of family there, and I have many old friends from University who went to TO for their careers. If Ontario continues to grow while BC shrinks, we will go. Its more about our limited job market than housing prices, really.”