“We have decided, again, not to buy this year. Been the same since 2007.”

“We have decided, again, not to buy this year. Been the same since 2007. But we are going to move to either Bowen Island or Squamish to rent while the wee ones are still at home. Looking at a nice place on Bowen that was just taken off the market – absolutely gorgeous house listed at $599K that is renting for $1800. By my math that’s a monthly price:rent of 333 or 27.7 annualized.”
ArthurFonzarelli at VCI 21 Aug 2012 10:58am

4 responses to ““We have decided, again, not to buy this year. Been the same since 2007.”

  1. Wow. Since its foolish to buy above 15x annual rent, the real price of the house is 324 000$. I’m sure the owners would be delighted to hear that.

  2. Poor guy. 5 years of ownership bliss missed.

  3. no mango again?

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