“Charles Hou is a retired social studies teacher who has lived in Dunbar for 48 years. He has a bone to pick.
“On my block, there are three empty million-dollar houses,” writes Hou, whose home is on West 39th Ave. “The house behind mine sits empty for 90 per cent of the year.
“This is having a devastating effect on my neighbourhood. People no longer are doing upgrades on their houses because they know they will be torn down if sold.
“Merchants and schools are suffering because people don’t live in the houses. Property values are skyrocketing. It is a disaster for people who want to live in Vancouver.”
– from ‘Absence of data on Vancouver real estate market ‘mind boggling’, Barbara Yaffe, Vancouver Sun, 12 April 2014
“Politicians at all levels of government have adopted a “let-them-eat-cake” posture regarding Vancouver’s housing affordability crisis.
And city residents, justifiably, are becoming exasperated.
“Concerns about affordable housing have focused on those living below the poverty line,” notes South Surrey homeowner Leigh Anderson, “but it’s obvious to me that those in the middle class, particularly young families, can no longer afford to live in this area, either.”
Shaughnessy resident Lesley Bentley reports, “Right now, nine houses are under construction within a block of my house …
“We are becoming a resort city. But it’s a hard place to live, bring up a family and have an engaged population.”
– from ‘Vancouver house prices pushed by apathetic politicians and offshore demand’, Barbara Yaffe, Vancouver Sun, 13 May 2014
‘Big wheel keep on turnin’,
Proud Mary keep on burnin’..’
Little has changed.
Lots of houses for sale; still sellin’ for lots o’ money.
Our predictin’ is no different… market is overvalued, but who will ever let it know?
We still foresee big drawdown… someday.
Hope everybody is well and enjoying life.
Posts will continue to be sporadic for foreseeable future.