MSN04

The average income stat is perhaps "true" but it really depends on how you interpret it. I think i ...
大C姐 發表於 2010-9-28 13:34

You said that super rich people don't earn pay cheques... you sure that there other incomes are taken into account in the stat???  Same for very poor people (those living on the street)?

OMFG... 1st, are u saying that most people (with average or below average) are either homeless or renters??? 2nd, u said that 60k is in a very good position to buy a 500SF home.  Now, we need 2 people to buy a home?  Make up your mind?  2 people.. is hard to live in a 500 SF home.  Need to upgrade to 2 beds, 2 baths, so 500-750k.  (are we still talking about downtown, or u want to change to Mission so it is easier to afford?)

Seriously, I don't know anyone that makes 60k+ driving a 2nd-hand pos.  May be, u know?  But I think you got the point, even if someone makes above average, he/she can afford a very small box, but need to sacrifice other stuffs and live like crap.  That's why Vancouver market is not healthy

匿名

Seriously, I don't know anyone that makes 60k+ driving a 2nd-hand pos.  May be, u know?  But I think you got the point, even if someone makes above average, he/she can afford a very small box, but need to sacrifice other stuffs and live like crap.  That's why Vancouver market is not healthy
MSN04 發表於 2010-9-28 14:01

don't worry, it will come down and it has already been

MSN04

If you live in downtown, do you really NEED to buy a car? (ie, if you choose to buy in downtown, y ...
大C姐 發表於 2010-9-28 13:40

OK... so people living in downtown should just stay there... or take bus/skytrain if wanting to go else where...  really? someone making 60k?

大C姐

回復  大C姐

Yep, you can also live like a monk, just looking at the walls of your condo and medita ...
Look4chrisng 發表於 2010-9-28 13:52

    What i'm saying is, if you have $1700 to spare, you spend within your budget. You can't always say "oh i NEED a car, i NEED cable TV, i NEED to go out for breakfast lunch and dinner, I NEED money for entertainment..."

Even if you have $7000 to spare, you still can't get everything you want. So rather to say that you can't live on $1700, i think it all depends on personal choices.

MSN04

回復  Look4chrisng


    Most people I know do pack lunch won't eat out. It's too expensive to eat  ...
fibbi 發表於 2010-9-28 13:45

Most people I know that are single and living alone (that was the focus that Ms. C brought up) eat out.

MSN04

making 50-60K a year is not that crazy... if 2 people make 50K each, that's already 100K a ye ...
大C姐 發表於 2010-9-28 13:47

We were talking about other 700-800k house generally in vancouver.  Please don't start going off to 500k.  You can always go extreme and claim that people making 200k household can live somewhere 300 miles away from city.

If 100k a year, it is income to price ratio of 7 - 8.  It is much higher than the 5 that you pointed out earlier.

MSN04

Making 50-60K a year is not like " a lot" lor...depends on the field I guess. Many people in program ...
fibbi 發表於 2010-9-28 13:52

yup, u will need both partner to make more than 50k to afford that.  Need to wish that neither of one gonna lose the job and the interest rate to stay low forever.

Don't u think it is sad that for a couple to live in a 30-40 yr old house, or a over-priced concrete box if the couple makes more than 100k a year?  It is doable, but I just think it is sad.

Do you still want to claim that this is a sustainable market?

大C姐

You said that super rich people don't earn pay cheques... you sure that there other incomes are ta ...
MSN04 發表於 2010-9-28 14:01

    I said 60K is in good position to buy a 500sf bachelor suite.

and a couple with 2 income is in good position to buy a $500,000 home (condo/ house).




I think there are always people who can't afford to buy, we don't live in an ideal world. C'est la vie.

大C姐

from today's RBC house afordability report, household with THAT income can only BARELY afford to b ...
匿名 發表於 2010-9-28 13:53

   
    where is that single detached house and how much sin??

and if you can't afford a house, is it so bad that you have to buy a condo?? in many cases condos are probably more conveniently located (close to sky train/ major bus routes and shopping centres). i don't think you need to be super rich to afford that in Vancouver...

MSN04

from today's RBC house afordability report, household with THAT income can only BARELY afford to b ...
匿名 發表於 2010-9-28 13:53

yes... talking about almost 2 times the average income to live in some sh1t hole in east vancouver.  I didn't know that the expectation is that low in vancouver.