“In my late 20’s; university grad; secure job; happy about how I’m doing professionally. The only depressing part is that owning a place of mine own in Vancouver is fast becoming a dream rather than an option.”

“Being in my late 20’s and happy about how I’m doing professionally relative to my goals (university grad and a well paying secure job), the only depressing part is that owning a place of mine own in Vancouver is fast becoming a dream rather than an option. The alternative is buying east of Burnaby/Coquitlam and then driving daily out to Vancouver … by the time I save up enough for a down payment and mortgage (giving it 5 years realistically). It has nothing to do with a desire to live in upper class neighborhoods, rather somewhere in the city I’ve grown up in rather than be pushed outwards just because of bad luck and timing.”
– sam_i_is at reddit, discussion of ‘Going Going Gone’, 13 Oct 2011

3 responses to ““In my late 20’s; university grad; secure job; happy about how I’m doing professionally. The only depressing part is that owning a place of mine own in Vancouver is fast becoming a dream rather than an option.”

  1. It’s Friday so let me play devil’s advocate. What if Vancouver is a canary in the coalmine not of a housing bubble of the influence of globalization on concentrating wealth to the proverbial “1%”. The notion of “middle class” is an after-the-fact realization of the last century. Are we not then regressing to the historical norm where most of us are F!@##d (present company included) as nothing but peons to our re-emerged financial masters?!

    I need a beer.

  2. After I finished university and a couple of years of working, I had no ability or interest in buying and that was almost ten years ago, when prices were nowhere near as bad. I can only imagine it would take at least ten years for someone to save enough if they were earning 50-70K. That’s just a guess with people coming out with student loans etc. Certainly in Calgary you see people getting into home ownership earlier due to more affordable housing and high paying jobs. If we ever move back, we will try to move to where the jobs are(if there are any jobs) – ie) work in surrey, live in surrey or if we work on the north shore, live there – the traffic and time commuting would be too brutal otherwise.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s