The Cost of Cost – “It’s all about space.. having the space to work, and create.”

Here’s part of an exchange between broadcast journalist Chris Hayes and comedian-podcaster Mark Maron –

Maron: Why Chicago?

Hayes: It was so much cheaper than New York, that was the big reason..

M: I know the cities that are kind of authentic in their own thing… … an organic nature to it… and [Chicago] is one of them…

H: It’s its own thing and it’s because the cost of living relative to other cultural Meccas that people will go to is so low, what you get in Chicago is all these people in their twenties.. paying $250 in rent, $350 in rent, and maybe waiting a table or two but then like writing their show, or doing comedy, or painting… there was a lot of space for people to pursue this kind of work… or to do really amazing social justice work, and all of that was facilitated by much cheaper living…

M: Like New York in the Seventies…

H: Exactly…

M: There was a time when a lot of cities had that but it’s almost like it doesn’t exist anymore… and I think that’s diminished the arts communities in general…

H: Absolutely…

M: If you can’t have bunch of poor creative people…

H: That is what facilitates.. /.. when we think of places that were like that, like the lower east side in the 80’s, they were that because it was cheap..

M: It’s all about space.. having the space to work, and create.

18 responses to “The Cost of Cost – “It’s all about space.. having the space to work, and create.”

  1. The extreme cost of housing is a major contributor to BC’s dearth of culture. (Sorry, nature tourism and selling houses is not ‘culture’.)

    When you have a cartel foisting such an undiversified, one-industry economy on the province, what can you expect?

    Culturally, being in Vancouver is like being in a timeshare pitch that never ends.

    • “Culturally, being in Vancouver is like being in a timeshare pitch that never ends.”

      That’s probably the best description I’ve heard about the narrative most Vancouverites tell me and themselves.

  2. Let’s call a spade a spade, Vancouver has little culture. If you an art loving enthusiast, I can’t imagine you liking this place. When I want to see art, I can go to New York, Chicago, Europe, etc. Vancouver is not really a place for that. But it hasn’t been for a long time.

    • Aldus Huxtable

      Then it ought to stop shamelessly selling itself as one.

      • Do we market ourselves like that? I don’t recall anywhere that Vancouver is known for its art scene.

      • mainly First Nation-centric – aboriginal art, wood carving, architectural style building
        at the $15-million B.C. Canada Pavilion for Beijing 2008

    • That’s nice if you can go those places, but lots of people who are spending every dollar to pay the mortgages on their moldy asbestos hives can’t.

  3. Vancouver’s local media constantly tries to portray Vancouver as some kind of leader in every field of everything …..which is why alot of people make fun of Vancouver.

  4. If Montreal were here, that’s where I’d live. But with its horrible weather and dearth of ocean, I’ll settle for Vancouver (a name I detest by the way – named after an English Pirate – a henchman for the “royals”). You can sing about “those nights in Montreal”, or New York New York, or “I left my heart, in …). Vancouver? Blech. Anyway, my culture is in my head, in libraries, and online.

  5. YVR Housing Analyst (@YVRHousing)

    Artists rent warehouse space in Richmond and Surrey. Sounds like, for many, that won’t lead to much gritty inspiration, though tech companies seem to find a way.

    Eventually a critical mass of like-minded people will create what Vancouver ought to be, or once was, somewhere else, if that is what is being sought.

  6. Housing prices continue to climb across Metro Vancouver

    Average 20 per cent price jump in Richmond translates to more than $120,000 increase

    Average aggregate home price in Vancouver now over $1 million

    • “Average 20 per cent price jump in Richmond translates to more than $120,000 increase”
      I read somewhere that shanghai house prices jumped 100-fold in the last 2 decades.

      An International student recently left after graduating from UBC, having worked in a Richmond office to qualify for the designation of APEGBC, getting sworn in for citizenship and of course having bought a SFH in WestVan with dad’s money. His family owns a wide range of businesses, from a private hospital to a private international school in Jakarta. Not the same one where a Canadian teacher was wrongfully accused of .. (btw his accuser was a white woman).

      • 100 fold is a bit much, but certainly it has gone up a hell of a lot more than anything that the western world has seen. If we are to track the price appreciation of shanghai housing market it would look like something of an extreme bubble that should have burst a long long long time ago based on western principles. However, here is the problem, China has 1.3 billion people, many of whom wants to live in big cities; the biggest of them, Shanghai and Beijing, will always be the jewel in the crown. So there is always someone who can afford it when you select from that population size with the kind of income inequalities that China has. Seriously, if Vancouver was a city in China, the single family homes here would be greatly undervalued based on the comparables in the other cities. And I mean not just a little bit, it would require a several fold increases from even today’s prices. You just don’t get this quality of water, air, people, scenary in China, add the fact that we are a safe city and by far the easiest of all western world cities for them to integrate into, it is a no brainer to migrate here if you have money.

      • Apparently, there is no exaggeration since the information is imparted by several reputable financial websites. One such article is on how to circumvent the ban, while “SIT making money” by hoarding 20 years for house prices to jump 100-fold.

        “hoard” for over 20 years, house prices rose nearly a hundred times

        It seems that there are better investments requiring only 10 years to bring in a 100-fold profit.

        Definitely a better investment scheme than leaving your money in a bank and risk it being stolen by some crooked bankers. The key word here is “SIT” on something that no thieves can carry it away.

  7. It’s all about space:

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