google "vancouver real estate chart" will give you lots of chart like these.
this is an article w ...
supersuper 發表於 2010-9-30 12:56 
Well, I understand your numbers and the risk. But the world doesn't work according to charts.
Canada may just turn into a country like India. Where there is no middle class. Only super rich and majority of the people are living in extreme poverty.
Where do college grade working in Vancouver? Except students with professional degrees, lots of them work as customer service at Rogers or be a bank teller. And still live with mom at 30. And still paying student loans if they hasn't defrauded them.
Please don't tell me you can eat instant noodles for the whole month. Like the old commercial says "Eat instant noodles 5X a day" it still costs $116.25/no. I seriously don't know how fibbi's $200/mo grocery budget works. But I am not going to argue that.
Stupid policy/ stupid interest rates could last longer than you. Our policy punishes savers with low interest rate, to reward people contribute to the pockets RE speculators. If you haven't figured that out year after year, you need to get your head a shake. Got it?
If you want to have reasonable affordable housing in Vancouver, it is very simple:
Start "Really" taxing capital gains on housing for "flying house"(no those BS on Primary Residency" and taxing rental income.) But that is more difficult than raising payroll taxes, so you ain't go to see until some social unrest are happening on the streets. |
發表於 2010-9-30 16:24
|