fibbi

回復 14# auyatyat


    Well..unless they work in downtown so they save $ (and time) for commute to and from work...

Look4chrisng

They are probably living on credit.  

http://www.theglobeandmail.com/r ... ter/article2067705/

Next few years are not looking good in BC for working people.  If I were young/single I pack up and move to Montreal/Toronto this weekend.

sko

$4500/month after tax for the couple is not that bad la. Plus, they don't even have a car to add extra weights on their shoulders (most couples in Vancouver probably have 2 cars and that's an expanse of ~$2k/month alone). And perhaps they just don't believe it's the right time to 'buy' EVEN if they had saved up for down.. you never know...

And it's probably easier to rent out unfurnished if you're looking for longer and easier-to-deal-with tenants.

Look4chrisng

回復 23# sko

A coal harbor condo is at least 1/2 million.  Just interest/fees/Ptax is over 2k per month.  The rent you charge is relative cheap (maybe be enough to cover all the real costs?)

But cheap doesn't mean inexpensive. I say rent in E. Van somewhere close to skytrain would make more sense.

ricrick

純粹分享,不喜勿插

最近睇o下d tenant applications, d 人好似愈窮愈多要求,租屋好似要全包
好多個我直接 ...
auyatyat 發表於 2011-6-18 23:08

mind to tell us your household income?

sko

回復  sko

A coal harbor condo is at least 1/2 million.  Just interest/fees/Ptax is over 2k per mon ...
Look4chrisng 發表於 2011-6-20 10:05

I'm guessing this listed condo was sold for around 320k - 400k (subject to the year of the building and size of the unit).

But you're right. All fees add up quickly and especially for DT when parkings are usually not provided unless you pay for them.

I would love to live in DT, too. But personally I can't afford it so I'll stick with my luxury of living at home.

blue20ae

回復 18# auyatyat


    Actually, if you make $60K p.a., you pay less than 20% tax, and the marginal tax rate is ~30% (i.e. every extra $ you earn, you pay $0.3 on income tax)



Nevertheless, it would be tight.  This is the price of living in a the city.  The bigger the city, the bigger portion of your income goes to accommodation.

Catpiano

Well ..  that is Vancouver ..

So many people ..  NO INCOME time ....  ( Collecting money from Government ) and live in multi-million house ..  drive Benz ..  BMW .....  

Or ...  some FOB, their parents only make few hundred dollar a month ON PAPER ...  but they hv cash to buy multi million house .. etc etc ..

Look4chrisng

回復  auyatyat


    Actually, if you make $60K p.a., you pay less than 20% tax, and the marginal t ...
blue20ae 發表於 2011-6-20 11:46

That 20% doesn't include CPP/EI law.  But I been trying to figure out household exp for the few years.  The numbers will never add up for Vancouver, unless you are on line of credit.

Catpiano

Yeah .. even u make just $60K ..  still pay ~ 30% tax in total la.... unless you can write off some expense ..