“A good friend of mine, a school teacher, had his dad pass away recently and leave him his Van Westside house, currently estimated to be worth $2.5M. He is planning to sell, move somewhere else, invest the money and retire.”

Anonymous at vancouvercondo.info May 17th, 2011 at 4:41 pm – “A good friend of mine had his dad pass away recently and left him his, currently estimated to be worth, 2.5M Van West house which he’s actually been living in for a while. He’s just told me that he’s moving to the interior. I was a bit surprised and asked why, since he now has a virtually free place to live in. He said, look, he’s a school teacher and can’t afford to live in a $2.5M house, even if he’s not paying for it. It’s an interesting take on the current state of things, and if you think about it, his point of view has merit. If you were renting and somebody gave you $2.5M would you sink every penny of it into a Van West house? I certainly wouldn’t, I’d move somewhere else, invest the money and retire and that’s exactly what my buddy is planning and that’s exactly what plenty of other Van West folks are doing. Their kids can come visit or live with them in Powell River, or Revelstoke, or Lac La Hache or a thousand other places in this beautiful province.”