“We have high responsibility jobs for good employers, and do well financially, but not well enough to afford what we think is reasonable for two people like us, a single family home with a yard.”

“My wife and I have good jobs in high standing professions. Between us, we have five university degrees in hard science fields (with a sixth at the doctoral level underway) all from top three Canadian universities. We have high responsibility jobs for good employers, and do well financially, but not well enough to afford what we think is reasonable for two people like us, a single family home with a yard. We are good with our money and have solid nest egg already built. We cannot justify spending 80% of our income to be able to afford a single family home anywhere within an hour of the downtown core.
We also visit Seattle regularly. In Seattle, we would both make double or more than we would here in Vancouver, with housing at half the price, and the same climate. Similar circumstances exist elsewhere in Canada. While our families are here, we want to start our family in a place where we can provide our children with opportunities, not where every last dollar goes to real estate.
To put a point on it, people like my wife and I are being groomed by our employers to take on senior leadership roles in their organizations down the road. The problem for our employers is that we won’t be here – we can’t have the family we want, along with quality of life we desire and can easily obtain elsewhere.
I look forward to leaving this real-estate obsessed burg. Unless things change, things are going to get a lot worse here before they get better.”

– Vancouver In The Rearview at VREAA 6 Nov 2011 8:06pm

5 responses to ““We have high responsibility jobs for good employers, and do well financially, but not well enough to afford what we think is reasonable for two people like us, a single family home with a yard.”

  1. “We cannot justify spending 80% of our income to be able to afford a single family home anywhere within an hour of the downtown core.”

    An hour within downtown core is Port Moody, Burnaby, New Westminster, Richmond. Don’t tell me he can’t afford something reasonable there! These people want only Vancouver West or nothing!

    • Or they could move to Seattle, make more money, and live closer to work/where they want to live, in a bigger and cheaper house to boot! So you might be right but seriously why would someone want to accept such a lowered standard of living when they can do better elsewhere?

      Oh yeah because Seattle is such a backward lowly pathetic city compared to Vancouver, only good for cheap grocery, gas, and shopping?

    • Vancouver In The Rearview

      Have you looked at the price of a single family home in any of those places? How about South Surrey? And you think Richmond is affordable?These places are all $900K plus! How does that make any sense?

      And you know what else? We are educated and successful professionals at the top of our fields. We have earned the right to afford a nice home (not live in a sixty-year old shack) reasonably close to work in a nice part of town. Anywhere else, we can do just that. Not in the Lower Mainland.

      If you do not reward the high achievers with a reward commensurate with their accomplishments, they will go where the reward exists. It isn’t Vancouver, that’s for sure.

  2. More stark is that many of this family’s peers can and do afford houses (actual houses) in Vancouver due to buying at significantly lower prices. The relative standard of living for a given wage grade is stark and that makes families like this feel uncomfortable.

  3. In the eighties and ninties it was a dearth of decent jobs, now it’s a credit bubble making Vancouver life insufferable. Life in Vancouver is full of hard compromises, but this is not new. Vancouver has been shedding lots of its best and brightest for decades; like some small town in the sticks.

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