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I've heard the 30% number thrown around but 63% ??? Man, I could almost buy a house at that level.
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Sep 1, 2015 16:58
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Everyone in the country just seems in denial, or doesn't want to say the bad words that will force everyone to admit that the economy is a complete shitshow and has been going that way based on most economic indicators since before this thread was created. Mainly no one wants to blame "average Canadians."
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Sep 1, 2015 17:05
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If anyone is looking for a cool and good TV series, Show Me a Hero is awesome and has a white woman scream  MY PROPERTY VALUES! when faced with the possibility of black people moving into her neighborhood.
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Sep 1, 2015 17:12
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2 ironic 4 me
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Sep 1, 2015 17:20
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Cultural Imperial posted:http://www.statcan.gc.ca/daily-quotidien/150901/dq150901a-eng.htm?HPA Statistics Canada posted:On the other hand, the output of real estate agents and brokers (+9.9%) ... posted notable increases. Nope, definitely not a bubble.
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Sep 1, 2015 17:40
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mastershakeman posted:FYI there's a goon (alctel) living in Victoria who has had his sole residence be a boat for the last year or so. He barely got the heat working before November. Just want to post this great read again about an idiot deciding to live in a boat in Victoria. http://exiledonline.com/living-with-cons-and-paupers-in-canadas-arctic-waters/
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Sep 1, 2015 18:01
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Does anyone have any analysis about how real estate has been affected outside bubbly hot spots like Toronto and Vancouver? Like if you live somewhere rural that's too far away from a major urban center to be a bedroom community, are real estate prices potentially still inflated? If no, will they necessarily plummet when the bubble bursts. Is now a good time to get on top of low interest rates if you're otherwise not overpaying for the house?
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Sep 1, 2015 18:03
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Are you kidding me? Just ask any realtor from Kelowna about the last 7 years.
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Sep 1, 2015 18:09
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Wasn't Kelowna marketed as an inexplicably up-and-coming city, though? I mean a bona fide 'the population has hovered around 1000 since 1953' small town.
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Sep 1, 2015 19:16
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unlimited shrimp posted:Does anyone have any analysis about how real estate has been affected outside bubbly hot spots like Toronto and Vancouver? Median house prices in bustling metropolises like Fort Nelson and Lethbridge are similar to prices in sleepy Chicago and Denver.
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Sep 1, 2015 19:22
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Okanagan is a favourite destination for Vancouverites fleeing the yellow peril. Especially now that oil has imploded so Alberta winters are no longer tolerable. All my racist relatives moved to Vernon.
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Sep 1, 2015 19:38
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The coast is getting expensive too. Even Campbell River has a hot property market
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Sep 1, 2015 20:02
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I, and many others, have been posting examples in this thread for years now regarding how the real estate market price in the entirety of the province of British Columbia has become lower mainland inflated over sanity prices. Before I decided it wasn't worth effortposting on SA anymore I wrote up some drat long and expansive descriptions of how bad the entire province has become. Taking on a mortgage that is likely to leave you hundreds of thousands underwater or struggling under an overnight tripling of your mortgage rate is of course your own prerogative, but I reserve the right to post that colbert.gif that I love so much when exactly what I have just described comes to pass.  unlimited shrimp posted:Does anyone have any analysis about how real estate has been affected outside bubbly hot spots like Toronto and Vancouver? Two or three pages back I posted a listing for a 100 year old house in an actual, honest to god ghost town with no regular ferry service. The owners want over $200,000 for it. Go browse MLS sometime for notable economic wastelands such as Rossland, Gold Bridge, Winter Harbour, etc etc etc. Like, seriously, you see Vancouver prices from here all the way to the Yukon / Alaska border except there's no loving jobs around your house for 200km in any direction.
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Sep 1, 2015 20:57
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We are so hosed when this bubble crashes. I cant get any joy out of knowing that an entire generation of millenials are outright hosed in every regard thanks to boomers running wild on every level of the system. 
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Sep 1, 2015 22:31
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hate to break it to you but a lot of millenials are jumping right on into this pool
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Sep 1, 2015 22:34
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JawKnee posted:hate to break it to you but a lot of millenials are jumping right on into this pool My closest friend just bought a lovely tiny condo in Vancouver (he and his wife plan on having kids!) despite having listened to me explain this entire issue top to bottom for the last half decade. ~the aristocrats~
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Sep 1, 2015 22:38
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Look, bro, in times of recession you want to put your money someplace safe, like Canadian housing.
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Sep 1, 2015 22:39
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The global economy is so hosed you basically have three choices; ignoring the problem, laughing at the problem or crying.
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Sep 1, 2015 22:45
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EvilJoven posted:The global economy is so hosed you basically have three choices; ignoring the problem, laughing at the problem or crying. You omitted drinking.
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Sep 1, 2015 22:47
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Drinking is just a way to modify your laughing/crying.
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Sep 1, 2015 22:48
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Cultural Imperial posted:
why are vancouverites so terrified of moving out of province or even out of country? Also with a million dollars you can get many years of rent, even more if you invested it well. etalian fucked around with this message at 23:12 on Sep 1, 2015 |
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Sep 1, 2015 23:01
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but where would they live? Without pride of ownership you are literally homeless
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Sep 1, 2015 23:20
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etalian posted:why are vancouverites so terrified of moving out of province or even out of country? Health insurance costs? 
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Sep 1, 2015 23:25
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Vancouverites don't actually have jobs, it's equity building all the way down. Also if you even have a foot in the door in vancouver you're ground floor for the never-ending boom, moving away would mean you'd not be able to build as much equity in the future.
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Sep 2, 2015 00:26
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Franks Happy Place posted:My closest friend just bought a lovely tiny condo in Vancouver (he and his wife plan on having kids!) despite having listened to me explain this entire issue top to bottom for the last half decade. um if you've had to explain it for half a decade w/o ur prophecyed crash then ur wrong idiot
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Sep 2, 2015 00:27
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Cultural Imperial posted:but where would they live? Without pride of ownership you are literally homeless landlords don't want renters who have a 1 million dollars in cash.
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Sep 2, 2015 00:28
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etalian posted:why are vancouverites so terrified of moving out of province or even out of country? I was in the process of moving out of country when my wife was offered a great job randomly while applying for citizenship. So now we're here for a while longer. As many problems as Vancouver has, I'd never want to live outside SW BC in Canada.
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Sep 2, 2015 00:40
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Why?
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Sep 2, 2015 00:43
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Californians have the same problem in which they are too terrified to move out of state and think California has a unique lifestyle. How can people even be happy in other states?
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Sep 2, 2015 00:44
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Terrified no, I've lived in three countries. I just see all of Canada as a shithole and it would be a downgrade. Why live in Calgary when I can go back to Sydney or Melbourne? I'm a giant Australian pussy and real Canadian weather is terrifying to me. UnfortunateSexFart fucked around with this message at 00:49 on Sep 2, 2015 |
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Sep 2, 2015 00:46
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lmao Vancouver is high cost of living for things like housing but no jobs unlike the US west coast.
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Sep 2, 2015 00:54
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There are jobs just not good ones for unemployed rig pigs. And one little town can only employ so many social media theorists.
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Sep 2, 2015 01:01
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Hahaha the day the country is declared in recession is the day I find another house we might buy. At least this is another 'good and affordable even at 6%' house which means we'll get out bid.
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Sep 2, 2015 01:08
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Reverse Centaur posted:Terrified no, I've lived in three countries. I just see all of Canada as a shithole and it would be a downgrade. Why live in Calgary when I can go back to Sydney or Melbourne? Oh boy, don't say this around Canadians you'll get punched in the face (even if you were Canadian by birth). While I love the geography and climate of this land (which is why I stay here, gently caress you), I hate this country and I loathe the delusional assholes that live here and perpetuate this declining shithole even more. They just refuse to admit how far things have gone down the drain in the past 25 years. /oh lawdy how am I even drunk. Rime fucked around with this message at 01:21 on Sep 2, 2015 |
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Sep 2, 2015 01:10
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Rime posted:Oh boy, don't say this around Canadians you'll get punched in the face (even if you were Canadian by birth). Yes canada has a real monopoly on idiots, it will definitely be different if you moved to another country
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Sep 2, 2015 01:22
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Rime posted:Oh boy, don't say this around Canadians you'll get punched in the face (even if you were Canadian by birth). Don't worry, I'm a Vancouverite, I don't speak to anyone I didn't know 20 years ago.
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Sep 2, 2015 01:33
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Just LOL if you live anywhere on Earth. Don't you scrubs know that the real players live on Fomalhaut-7?
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Sep 2, 2015 01:38
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Another look at this dumb house that sold, but the description made me smile: http://www.thestar.com/news/gta/2015/09/01/unlivable-beach-house-sells-for-1-million.html
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Sep 2, 2015 01:40
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etalian posted:why are vancouverites so terrified of moving out of province or even out of country? mountains and sea worlds most beautiful livable fashionable city in the world everyone wants to live in vancouver I am pretty sure that Vancouver's economy is built entirely around home equity. We're the Phoenix of the North.
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Sep 2, 2015 01:42
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Slim Jim Pickens posted:mountains and sea worlds most beautiful livable fashionable city in the world lol
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Sep 2, 2015 01:43
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