My plan tentatively is to keep my almost paid for home up here where so much of my family is and then rent during the winter months wherever our hearts desire.
Not trying to be a conspiracy theorist or anything, but the scumbags who work for the local government get salaries, pensions, benefits via real estate taxes. IF home prices go down to a fair value, they will have to find real jobs.
Vancouver’s a city with a high cost of living, and was just recently ranked the most unaffordable for housing..Second place with Hong Kong being the top of the list. Capitalism!! As it seems high housing costs = demands for higher salaries = businesses moving or shutting down. But still, let's not build affordable housing, in fact let's do what we can to force house prices to go up, because no politician here will put any plan that will cause housing prices to drop. There's just too much profit in it for some of these guys. I've got a good stable job that pays well, but I could work 24/7 and make 80k a year and still not affford a house in this town. Vancouver, the second most exensive city to live globally will rape your wallet. Then again it's not like you can get some financial management to help you out if you can afford their services. Vancouverites love to whine about the unaffordablity of living here, I do too but perversely enough, it's still not going to send me back to scotland. I'm happy enough to be a renter because I'm living just fine and my quality of life is far better than what it would be anywhere else, even though that sucks alot out of my savings. I just don't want what I can't afford I guess but the beauty of this most desirabel city is what makes a simple life bearable. As long as you don't foresee having a family forced to live in a cramped apartment in the near future.
Thing is since I've moved here six years ago, the current theory is that the high rise in housing prices has been due to alot of foreign money being used to purchase residential real estates. Asian real estate agents actualy organize bus tours for foreign buyers and they tour through the neighbourhoods and you can be sure it isn’t uncommon for two or even three homes to be purchased by one person or family and in alot of cases renoviction might well be handed out to family that happen to live in a home that just doesn't conform with the rest of the monster homes sprouting up around it. As a result any hovel of at least thirty years old will go for just shy of one million $ and more for the property alone. It will be rased and a massive home will be built up in less than seven months. So folk here who will never be able to buy that dream home assert that foreigners will keep driving prices up. But when the whiners start with the 70% of sales are going to foreign investors! it is in actuality what also will drive native-born Vancouverites to buy in. Don't know if this is the case elsewhere.
For a 300 k 2 bdrm "house", meet your neighbours;
I am thanks for your sharing, i like this.....
Nowadays, as the real estate sector is booming in all over the price of property booming day by day. So it is better to invest in real estate business in current scenario as price of property will more increase in near future.
Green card through NYCRC
Traffic is a problem if you have to commute through LA but if you live near where you work then it isn't too much of a problem. Also, starting early (I start at 6AM) and you beat just about all traffic.
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