“I sold our house in a Vancouver suburb for 300k 8 years ago. If I wanted to rebuy now it would cost me 600K. In the same time my wage has gone up less than 5%.”

ACjourneyman at zerohedge.com 1 Jun 2011 20:10“I sold our house in the Vancouver suburbs, 30 miles from Vancouver, for 300k 8 years ago. If I wanted to rebuy the same home now it would cost me 600K. My wage has gone up about 2.00 an hour or less than 5%. I don’t know if anyone else can do the math but it doesn’t work. I guess the 5.00 gas and 1500 a year car insurance doesn’t matter either, hard to live now.”

2 responses to ““I sold our house in a Vancouver suburb for 300k 8 years ago. If I wanted to rebuy now it would cost me 600K. In the same time my wage has gone up less than 5%.”

  1. did u regret selling?

  2. Ralph Kramden

    Think we will see a lot more posts like these.
    Here’s a fascinating first hand comment on YVR.
    My Notary is as bright as the day is long, and said Notary today told me that she sees a significant number of folks that buy, hold a house long enough to not trigger cap gains and move again. Never once considering all the closing costs etc. The Notary said that it was worrisome that so many people are so leveraged in one asset class. I paid my bill – with a check. She paused and said, the first person this week that don’t flash plastic.

    We are in for something, and I believe it is one for the ages. Wages are stagnant, business sucks and the CAD is killing the film and TV industry.

    Happy days, indeed.

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