“I won’t say never, but it will be a long time before I would be able to afford a home on the street I grew up on.”

Eli at VREAA 15 Apr 2011 5:45am“Vancouver, my beautiful home… I won’t say never, but it will be a long time before I would be able to afford a home on the street I grew up on. I feel ripped off! Who made life unlivable for native Vancouverites? Was it speculation and investors? I remember a time when it was totally safe to cruise the streets, even at night as a kid. Now as a full grown man I wouldn’t take the chance… Looks like since the 3 years I’ve left things have gotten even worse. Now I live in Alberta and make 3-4 times what I made back home, and no, not on the rigs. And I can buy a nice HOUSE for 250k here, with a yard!”

[In their posted comment, Eli gave their url link as that of an Albertan ‘full service painting and restorations company’, which means their current economic health is likely closely tied to the RE bubble. – vreaa]

3 responses to ““I won’t say never, but it will be a long time before I would be able to afford a home on the street I grew up on.”

  1. People may not be able to afford to live on the streets that they grew up on but the real question is, would you want to. I grew up at 7th and Stephens, the heart of Kitsilano. Every house had a family, no one had a suite and people on all the adjoining blocks knew one another – flash forward a few years – the houses, while appearing identical, all have at least one suite to help pay the mortgage, many have been converted to three suites and knowing the neighbours is a joke. People do not even recognize those that live on the same block. Neighbourhoods have changed and life is different – and not for the better.

  2. Yet Tsur Sommerville feels Vancouver is vastly superior compared to the mid 80s…

  3. Yes it is true that I work in the field of construction. I have a keen sense of what is going on economically with the housing market because people often call me to paint their house when they’re trying to sell. I hope the original intent wasn’t to blame those in the construction field for contributing to the overpriced market, because it just isn’t so.

    Those contractors that build and turn single dwelling houses into rental suites are just trying to feed their families, (granted I’m single with no kids). But believe me, I know first-hand that working construction in Vancouver is a tough grind. The competition is insane and wages are laughable. Journeymen tradesmen working for $18.50 an hour?

    Give me a break..contractors in Vancouver hardly have gotten rich of the RE bubble. I remember during the peak and frenzy making below $15 an hour painting. If I had gotten rich I never would have left.

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