Quote:
Originally Posted by afc wimbledon
There are 250,000 apartments and townhouses, again you are out in Maple Ridge or Pitt Meadows but that's not some Detroit hell hole! There are worse places to live.
Again I ain't saying it's cheap, I've told my daughter that if she's happy in Halifax she'd be nuts to move back to Vancouver but if you have to or want to live in the area it's do'able.
I also disagree that it's due to foriegn buyers, that's a small part of it but it's low interest rates and stupid buyers that are causing most of it, locals, once they're in the market don't seem to care what they pay as the money is essentially free to borrow and the idiots here think that it's just going to keep rising forever, I'm in east Van, we don't have any foriegn buyers, just a bunch of hipsters that are all using equity to buy new beamers and ducattis.
Trying to get a quote on a bathroom reno is proving a nightmare for me, builders are quoting 40 or 50,000 for a standard small bathroom job, when you push back on the price their answer is 'why do you care the money's free and your house is worth a million?' it's a market that is primed for a huge crash.
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I work 10-12 hours days often. Having an 1.5 hour commute each way would be an absolute nightmare. I'd rather move to Halifax than deal with the commute to Pitt Meadows. It's not the area that's bad, it's the distance.
Like I said before, a lot of people are making that choice and simply moving out of Vancouver, and this is the point. When you have an exodus of people aged 30-50 leaving the city, it has disastrous effects on the local economy. And it's not a solution to say people should work harder or live in the suburbs for a few years. That kind of thinking only holds up in expensive places, whereas Vancouver has gone from expensive to unaffordable.