大C姐

回復  myversa

If it's double than Calgary and way higher than Toronto, I will not comment it's nor ...
lo_pak 發表於 2010-9-27 09:13

    Most people who buy those >$1million properties are not looking at rental potential... many expensive properties in Vancouver are empty! The properties used for rental investment purposes only sum up to a fraction of the whole real estate market.

It's hard to say what's "normal" and what's not. The price difference between NYC and New Jersey is huge too (and it's only an hour away)... but it's been like that for decades without real "adjustments", so it's hard to say that it's not normal for Vancouver to be much more expensive than Calgary or Toronto because these cities are so far apart.

大C姐

And it seems it's time to book a flight to Newport Beach.
快樂牛郎 發表於 2010-9-27 13:25

    I love Newport Beach... nice houses and good restaurants. I was going to buy a place there a couple years ago when the prices dropped, but i had no cash then -_-" there were some really good deals back in the days!!!

大C姐

damn those mainlanders....frying the housing market!  So now its so $ for us to buy!
cremedelacreme 發表於 2010-9-27 22:32

    Honestly, it's not just the mainlanders who have the money in Vancouver... Let's look around, there are a lot more rich people buying houses and boats in Vancouver from middle east, eastern europe and the states.

大C姐

I am not sure about Calgary, but there are many things that you can get in Toronto that you cannot ...
快樂牛郎 發表於 2010-9-28 00:30

    Every city is different, that's why i would NEVER compare other major Canadian cities to Vancouver (i would compare Burnaby with Vancovuer East, or West Van with Vancouver West). Let's be honest, Canada is BIG! People are not buying these expensive houses to live in Vancouver to "find a nice job" or has "a nice museum", people are mostly buying them as vacation/ recreational purposes. So in that sense, the climate is in fact a major consideration factor!

Why are houses so expensive? they're obviously jacked up by the SUPER rich and their SUPER expensive houses. In order to understand, one must consider their natural habitat. Think about it, what do rich people do? They sail (we have multiple docks for boats) and they ski (we have local mountains and close to whistler), what does Toronto have in comparison?!

大C姐

In such case, the sky high price will be the resort area and not the downtown 500sq ft condo. ...
sheep 發表於 2010-9-28 09:04

    downtown 500SF is not THAT expenisve (225K-300K)... it's definitely affordable for single people working in downtown.

Let's say buying a $300,000 bachelor on a $60,000 annual salary, that's only 5 years (which is still significantly lower than 9.3 years of Vancovuer's median). i think 5 years annual salary is quite reasonable for living in major downtown area! the prices are not jacked up by these small bachelor suites.

大C姐

So rich people love rain?  
Wow, just too much things I can learn from your BS.  Thank you.

FYI,  ...
MSN04 發表於 2010-9-28 10:17

BS? The reality is, there ARE people buying expensive properties in Vancouver, whether or not they like the rain or the city. You can't argue with reality, that's the fact!

Plus who says rich people need to actually make Vancouver their primary residence? Get a realilty check! Those who buy multi-million dollar homes most likely have more than one house! You don't even have to look far, how many hong kong families here have a property here and a property in HK? And only come to Vancovuer in teh summer when it's not raining???

Use your common sense before making such a bold statement, little kid.

大C姐

Are there a lot of people making 60k a year?  Mind u, household average is 70k to 80k.
2 beds, 2 b ...
MSN04 發表於 2010-9-28 10:08

    My example is only for someone who works in downtown with no kids, I dont' think making 60K in downtown vancouver is THAT extraordinary... of course not eveyone makes that much, but they also dno't all live in a 500SF downtown apartment!

大C姐

For Single people making 60K, after tax take home pay is about $3700.  If Mortgage and strata ...
Look4chrisng 發表於 2010-9-28 10:48

    I don't think you have to sell your body living on $56/day! that's an insult to a lot of people (who live on perhaps even less than that). If you live in a 500SF apartment in downtown you probably don't have a family to support, and you spend next to $0 on transportation. $56 for just food and entertainment a day is actually plenty! even if you go out for dinner and movie every night by yourself, i think you still have money to spare.

大C姐

回復  MSN04

Agree,

That's boil down to : If you have earning paychecks(ie pay full taxes).  You  ...
Look4chrisng 發表於 2010-9-28 11:45

    As i always said, those people who buy multi-million dollar properties are not earning paycheques... so you can't justify their purchases using someone with a regular job and a normal (median/ average) salary.

The Vancouver real estate market (those statistical averages) are largely skewed by those really expensive properties that normal people (like me) will never consider buying.

大C姐

Are you stupid or sth? Did I ever said that there is no rich people buying properties in Vancouver ...
MSN04 發表於 2010-9-28 12:46

    The statistic is already been GIVEN - it is already a FACT that Vancouver overall real estate prices are highest in the country. If it's not the rich people buying these properties, who are these buyers??? Do you honestly think, an average Canadian household making 80K a year can go to the bank and get a mortgage for $5M? It is IMPLIED that there are rich investors in Vancouver buying up real estate. Learn how to read between the lines... geeze....