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jesse1
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Re: Vancouver indvidual property sales details

Sat Nov 14, 2015 10:07 pm

Young professionals have to live somewhere! And many are required to reside within a certain distance from their places of work. If nothing else the class divide in the city is getting fuzzier and fuzzier. Surely that is progressive?
There is no shame in overpaying
 
Geyser
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Re: Vancouver indvidual property sales details

Sun Nov 15, 2015 1:40 pm

Young professionals have to live somewhere! And many are required to reside within a certain distance from their places of work. If nothing else the class divide in the city is getting fuzzier and fuzzier. Surely that is progressive?
Ah yes, the socialist dream. High achievers being forced to live in basement suite. The equal distribution of misery. :lol:
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
eyesthebye2
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Re: Vancouver indvidual property sales details

Mon Nov 16, 2015 10:51 pm

Young professionals have to live somewhere! And many are required to reside within a certain distance from their places of work. If nothing else the class divide in the city is getting fuzzier and fuzzier. Surely that is progressive?
I work along side these young professionals. They buy condos...usually within a few kms from work
 
tapioca
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Re: Vancouver indvidual property sales details

Tue Nov 17, 2015 9:21 am

agree with Eyes. they buy condos/townhomes.
 
Geyser
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Re: Vancouver indvidual property sales details

Tue Nov 17, 2015 12:26 pm

agree with Eyes. they buy condos/townhomes.
Either condos/townhomes in the distant burbs or ratty old crack shacks on the Eastside and fill them up with basement dwellers. Neither solution sounds very desirable for couples with kids and certainly isnt good for the future of the city.

Many professional couples have the option to relocate to some of the better parts of the US where they can pick up beautiful modern homes in excellent locations for a small fraction of the price of one of our equally well located condos or a scruffy SFH in the wrong part of town. Not a difficult choice!
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
vanreal
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Re: Vancouver indvidual property sales details

Tue Nov 17, 2015 1:31 pm

agree with Eyes. they buy condos/townhomes.
Either condos/townhomes in the distant burbs or ratty old crack shacks on the Eastside and fill them up with basement dwellers. Neither solution sounds very desirable for couples with kids and certainly isnt good for the future of the city.

Many professional couples have the option to relocate to some of the better parts of the US where they can pick up beautiful modern homes in excellent locations for a small fraction of the price of one of our equally well located condos or a scruffy SFH in the wrong part of town. Not a difficult choice!
I don't know whether you are actually this pathetic or you just like saying stupid things to get a rise out of people. I hope it's the latter.
 
vanreal
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Re: Vancouver indvidual property sales details

Tue Nov 17, 2015 3:53 pm

Does anyone know what 1761 Graveley St sold for. Just curious. Not long on the market.
 
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jesse1
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Re: Vancouver indvidual property sales details

Wed Nov 18, 2015 3:59 am

I know a few young professionals who can afford detached east side property. Yes they would have bought westside 10 years ago in the same situation. Now that is not possible. Condo/TH is only temporary for them.

I am undoubtedly biased here based on my direct observations and lack of data, but I do think westside affordability is starting to cause gentrification elsewhere. Surely that has some benefits?
There is no shame in overpaying
 
tapioca
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Re: Vancouver indvidual property sales details

Wed Nov 18, 2015 7:40 am

um, yeah, that's old news. plus the west side is slowly emptying out.

where young professionals buy condos varies. I know some who have bought downtown/yaletown/olympic village. and others prefer to buy a house in the burbs or EV if they can afford it. A lot of talk about coquitlam/poco for homes too.
 
Geyser
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Re: Vancouver indvidual property sales details

Wed Nov 18, 2015 3:10 pm

agree with Eyes. they buy condos/townhomes.
Either condos/townhomes in the distant burbs or ratty old crack shacks on the Eastside and fill them up with basement dwellers. Neither solution sounds very desirable for couples with kids and certainly isnt good for the future of the city.

Many professional couples have the option to relocate to some of the better parts of the US where they can pick up beautiful modern homes in excellent locations for a small fraction of the price of one of our equally well located condos or a scruffy SFH in the wrong part of town. Not a difficult choice!
I don't know whether you are actually this pathetic or you just like saying stupid things to get a rise out of people. I hope it's the latter.
So which part or parts of my statements do you find stupid? Do you think an old crack shack with basement dwellers in a rough neighbourhood is an ideal environment for raising children? Is a condo your idea of nirvana for a family of four?

Do you not realize that many professional couples have the option to move to better climates in the southern states. Do you not know that there are some very nice places down there where they can buy a relative mansion for the price of a barely habitable East Side shack or a 1500 sq. Sq. ft. condo in Downtown Vancouver.

Or perhaps you think that insane property prices have no impact on social stability.

I'm interested in knowing which of those observations is "stupid".
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
eyesthebye2
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Re: Vancouver indvidual property sales details

Thu Nov 19, 2015 11:14 pm

"Geyser"

Do you not realize that many professional couples have the option to move to better climates in the southern states. Do you not know that there are some very nice places down there where they can buy a relative mansion for the price of a barely habitable East Side shack or a 1500 sq. Sq. ft. condo in Downtown Vancouver.
you're either a troll or incredibly stupid to make such a statement.
The answer is probably much the same as the reason you stay here in a condo that can be had for a fraction
of the cost in most other cities in the US
 
Austin
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Re: Vancouver indvidual property sales details

Fri Nov 20, 2015 9:46 am

I dont' know of any couples that have moved down to the US. Most couples I know have common friends and family which keep them up here. I do not a lot of single guys who have moved south, though, before getting hitched.
Redistribute consumption, not income.
 
Geyser
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Re: Vancouver indvidual property sales details

Fri Nov 20, 2015 4:10 pm

"Geyser"

Do you not realize that many professional couples have the option to move to better climates in the southern states. Do you not know that there are some very nice places down there where they can buy a relative mansion for the price of a barely habitable East Side shack or a 1500 sq. Sq. ft. condo in Downtown Vancouver.
you're either a troll or incredibly stupid to make such a statement.
The answer is probably much the same as the reason you stay here in a condo that can be had for a fraction
of the cost in most other cities in the US
The difference is that my local realestate holdings were purchased a very long time ago at much lower prices. Young couples today do not have that option. You were lucky enough to get in before the lot value of your run down old Eastside house shot up in value. If you were shopping today you would be locked out of even that less than desirable area. Then what would you do? Presumably you would settle for paying the rent on your basement suite instead of collecting it, but many others have the option to move south and, as attractive as Vancouver is, many young folks dream of home ownership. That dream is currently unattainable for a lot of them unless they look to other markets.

Would you prefer to be a lifetime renter in Vancouver or a homeowner in one of the nicer US locations?

I merely pointed out that many young professional couples have the option to move south to a better climate and vastly cheaper housing markets. Doubtless some will continue to live here as renters but, if prices don't return to historical relationships with incomes, the attraction to US markets will continue to grow stronger.

Which part of that do you find "incredibly stupid"?
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
Geyser
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Re: Vancouver indvidual property sales details

Fri Nov 20, 2015 4:22 pm

I dont' know of any couples that have moved down to the US. Most couples I know have common friends and family which keep them up here. I do not a lot of single guys who have moved south, though, before getting hitched.
Immigrants to Canada are not mostly single young men, they are mostly couples and families leaving behind friends and families as they relocate in search of a better life. Something which my wife and I did many decades ago. Why do you think Canadian emigrants should be so different to all others?

My own anecdotal information includes numerous couples and families who have moved south in recent years. The most cited reasons, property prices, taxes, climate.

Vancouver is great but it is not devoid of competition. There are lots of nice places on this planet and the higher our property prices are compared to local incomes, the stronger the pull of those other nice places.
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
vanreal
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Re: Vancouver indvidual property sales details

Sun Nov 22, 2015 9:10 pm

"Geyser"

Do you not realize that many professional couples have the option to move to better climates in the southern states. Do you not know that there are some very nice places down there where they can buy a relative mansion for the price of a barely habitable East Side shack or a 1500 sq. Sq. ft. condo in Downtown Vancouver.
you're either a troll or incredibly stupid to make such a statement.
The answer is probably much the same as the reason you stay here in a condo that can be had for a fraction
of the cost in most other cities in the US
The difference is that my local realestate holdings were purchased a very long time ago at much lower prices. Young couples today do not have that option. You were lucky enough to get in before the lot value of your run down old Eastside house shot up in value. If you were shopping today you would be locked out of even that less than desirable area. Then what would you do? Presumably you would settle for paying the rent on your basement suite instead of collecting it, but many others have the option to move south and, as attractive as Vancouver is, many young folks dream of home ownership. That dream is currently unattainable for a lot of them unless they look to other markets.

Would you prefer to be a lifetime renter in Vancouver or a homeowner in one of the nicer US locations?

I merely pointed out that many young professional couples have the option to move south to a better climate and vastly cheaper housing markets. Doubtless some will continue to live here as renters but, if prices don't return to historical relationships with incomes, the attraction to US markets will continue to grow stronger.

Which part of that do you find "incredibly stupid"?
All of it! The nicer US cities are not cheap either. New York San Francisco Boston There are always the less desirable places though just like in Canada.

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