Vancouver, New York, London & Paris

Reader tedeastside either hates Vancouver or he wants other people to.

Regular visitors here know teds comments have a certain reliable tone to them, but yesterday’s got creative and inspired people to riff on it:

to those proud vancouverites who mention vancouver in the same breath as New York or London probably thinks the following

Shangri-la = Empire State building
Robson Square = Rockefeller center
Nat Bailey = Yankee Stadium
Steam Clock = Big Ben
Olympic Cauldron = Eiffel Tower
VAG = the Louvre
Robson street = Champs-Élysées
Gassy Jack = Statue of Liberty
North Van Sulfer piles = the Pyramids

This of course got some pointing out that Vancouver can have overpriced real estate and still be a decent city, but where’s the fun in that?

Marco added to the list:

Weather = rain turning to showers with a chance of a downpour.
Arts club Theatre = London’s West End
The Lions = The Swiss Alps
Howe Sound = The Mediterranean
The Gulf Islands = The Greek Islands
Nexus Pass = Europass
Kitchen tap = Perrier
Skytrain = the Underground
Winter Olympics = Summer Olympics
bobwestsiderealtor = real estate agent
Vancouver real estate = Overpriced

But also thought Granville Island was a special place in Vancouver and worth keeping off the list.

Charlie apparently thinks we’re no-fun city:

Nightlife = Non-existent.
Attempted nightlife = Riots.
New Years Eve = Only city in Western World which doesn’t have a party. Non-existent
Attempted New Years Eve = Riots

So what do you think? Is Vancouver one the most miserable places on earth or a special flower that no one must ever speak ill of?

What are your favourite things about Vancouver?

 

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jeff
Guest
jeff
My wife and I rent a 2BR with our toddler and we just found out we are expecting twins. This place is not going to fit a family of five. Also, wife will probably stay home for a few years and maybe work part time, so money will be tight. Would you buy a house out in Maple Ridge for $400-$500k given that interest rates are so low payments would be ~$2200? Or would you rent somewhere closer for maybe $1800-$2000? I’m assuming prices will fall 30%+ so don’t really want to buy, but to rent a nice place is ~$2k or easily more if you want to be in Vancouver. I’m not sure what my budget should be but either way it seems housing is going to be a significant portion of take home pay. How much is too… Read more »
VanRant
Member
VanRant

Real Estate in China is toasted, Canada is next….

“China’s real estate bubble. Even with last year’s 4.5% drop in housing prices, the first in two decades, the unraveling of the overbuilt real estate sector has hardly begun. More than 60 million empty apartments await buyers, and the residential housing market is essentially comatose. Meanwhile, the real estate sector accounts for between 25% and 30% of China’s GDP”

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

1. free healthcare
2. direct flights to motherland
3. benefits for families with low incomes
4. availability of non western products
5. no need to learn english
6. no need to get bc driver’s licence

patriotz
Member

@1: ” But if renting sucks up almost as much cash isn’t it a wash? ”

You haven’t given any buy versus rent numbers for the same property, just rent here versus buy there.

Would I buy in BBC at cost greater than renting right after an oil price bust? The historical track record for that hasn’t been good.

hoy-poloz
Guest
hoy-poloz

7. Never pay taxes
8. Hide in West Van mansion and never get extradited for your sins.
9. Send child to best private schools and UBC.
10. Buy milk in US Costco as cheaper

Re-diculous
Member
Re-diculous

I am always amused when Vancouver is referred to in comparison to NYC, London, etc. I believe that this is now part of the realtor narrative.
When my wife and I, for fun, viewed a 1 BDRM apartment downtown for > 600K! (WTF!) Upon displaying my amusement at the price, the realtor immediately began to espouse how the price would be this much more in NYC etc…..I cut him off immediately however with “This ain’t NYC!…..instead, Vancouver is a pretty 2nd tier city with very limited career opportunities”.

President Wu
Guest
President Wu

Jeff,

I would try to live close to relatives first, your wife would need lots of help with Twin and Toddler. So I wouldn’t live so far out.

If you work allows, you can take the transit, operating one less car will save $400/mo(?)

You should plan on living with one income with 3 kids. If you wife does go back to work part-time, consider that income is your retirement fund/College fund.

Enjoy your twins (I hope they are girls, otherwise don’t plan to sleep.)

Poppy
Guest
Poppy

Here’s the long-term channel for oil back to 1983. You can see we have much further to go.

http://i.cubeupload.com/p9RdYC.png

Yunak
Guest
Yunak


Nightlife = Non-existent.
Attempted nightlife = Riots.
New Years Eve = Only city in Western World which doesn’t have a party. Non-existent
Attempted New Years Eve = Riots

Retro Style… Sounds like Chinese city from Mao’s era? But… aren’t we celebrate him here?

ostritch
Member
ostritch

Very bad news for Westside Realtor. HAM is back in a major way. Just started this year. 20% off of CDN $ has brought them out. That, and the bad weather out east is keeping them over here on Ted’s wet coast of nothingness. I am not delighted. Personally, I think this wave could knock out the rest of ordinary folk barely clinging onto an existence in some of the better and western-er parts of the city. Elderly folk will sell, a few locals will buy in and the westside will continue to be hollowed out. Ghost Town by 2025 except for CNY visits, of course.

@Bull Bull bull
Guest
@Bull Bull bull

7. Can bring parents and grandparents. Can’t do that in the USA. This is a biggie.
8. Can bring in siblings.
9. Canadians overseas are not taxed on worldwide income like USA.
10. Easier to bring money over.
11. Can become a student and get easy PR. Not possible in USA.

And Finally, it’s going to be an Asian majority city by 2020. Home.

Best place on meth
Member
Best place on meth

#8

That chart tells me that oil has bottomed, with 1998 and 2008 being brief outliers.

Confucius
Guest
Confucius

CNY is a low sales period in China, much like Christmas is a low sales period here.

http://www.shanghaidaily.com/business/real-estate/New-home-sales-fall-over-35/shdaily.shtml

“It is highly likely that the monthly transaction volume of new homes will stay below 500,000 square meters in February in Shanghai as the current pace of sales will continue to decelerate during the weeklong Lunar New Year holiday,”

Realtors say Chinese spend their new year’s shopping for houses in Vancouver. Do Canadians spend their Christmas shopping for houses in Phoenix or Florida? Sounds fishy to me.

World is awash in money!
Guest
World is awash in money!

S & P heading toward another record high!

Vancouver land prices at record highs!

Apple worth $921 BiLLION CDN!! More than all CMHC mortgages!

Samsung Galaxy S6 cellphone going to be prices at $1100.00

On weekend Dealers car auction, every car less than 4 model years old went for asking or above. Massive exporting going on to the USA. Even iPhone pluses being sent to the USA.

Inflation in Canada just around the corner. Stats will convince sheep its deflation. The ignorant deserve it.

World is awash in money!
Guest
World is awash in money!

Oh, Oil is at $65 Canadian Dollars. They want $80. Hardly the sky is falling

@Bull
Guest
@Bull

Regarding driver’s licences.

If from China, you need a letter from the authority there stating you had a licence in good standing. Then you come here and you can get car, buy ICBC insurance and drive.

The licence is valid for 6 months before you have to apply to get a BC DL.

However, many people take ‘a trip’ back home and call ICBC and say they are back after 6 months, thereby extending the 6 months again.

Many people just go to the USA for a day or 2 and come back and get the 6 month extension.

Nothing to see here folks move on.

LOL
Guest
LOL

I bet most of the people slagging Vancouver have never been anywhere else. Guess what, you would be an even bigger loser in NY or London. You need seriius money to live the good life in either place.

For middle class living Vancouver blows away NY and London as long as you rent.

Tiger
Guest
Tiger

tedeastside Says: February 12th, 2015 at 1:24 am 117

the list came out of BCs top employers …and guess who is #1, the future looks bright for vancouver with 1-800 got junk being its top employer.
———————————————————————–
Each employer that were selected, they posted in their website in alphabetical order not the way you describe.Ted you are so fucking dumb plus your reading comparison sucks.

Dont believe me here it is for everyone to see

http://www.canadastop100.com/bc/
http://issuu.com/ct100./docs/bc-top-employers-2015?e=14200235/11189387

Why are u posting incorrect information which has no substance at 1:24 am on a workday?

TED U DON’T HAVE A LIFE OR A JOB UR A FUCKING LOSER.

Marco
Guest
Marco

My favourite thing in Vancouver is the departure lounge at YVR. Lol.

Was in a London last year for a visit. Man, what a city !
Would be nice if Vancouver could just revert back to more modesty and get away from the real estate pumping propaganda that’s everywhere.
“Best place on earth”.
I preferred “Supernatural British Columbia”
If realtors are going to make silly justifiable statements about Vancouver vs other cities real estate, you know it’s overpriced. You would never hear a NYC real estate agent compare NYC prices to other major cities, because there is no need, NYC sells itself.

Peace.

ostritch
Member
ostritch
No Confucius we do not spend our New Year’s holidays shopping for houses in Phoenix. We either fly somewhere with a better environment–warmer–or spend the holidays with family. We also cross border shop when the dollar is high to get one of the few breaks available to us to keep our own money! So how is this different from HAM? They too fly somewhere different for New Year’s with a better environment–clean air, less extreme temps–WITH their family–and buy real estate because, when you have connections or can pay bribes back home, moving money out of the purview of the government is the best break you’ll get on keeping your money in the family. Plus, the whole family can use the place you’ve bought. Double Plus, there’s the fun in knowing you’re Chinese and when a large group of people… Read more »
ostritch
Member
ostritch

Oh! Forgot to mention it’s all tax-free.

Oracle
Guest
Oracle

Ted is right.

There isn’t much industry here besides Immigration and the money it brings. Its a cold, damp, resort town.

But the Immigration is so big that it dwarfs all the negatives.

space889
Guest
space889

I’m surprised that no one here has pointed out to Jeff that maybe he shouldn’t be having the twins if he can’t afford them!

I remember many vicious comments on this blog a few years back directed at people like Jeff when some parents mentioned how it is not fair that they don’t get more/support with kids, or that they have to buy due to kids as they can’t find large enough rentals.

But the day is young and maybe not all the vicious bears have come out of their caves yet.

Best place on meth
Member
Best place on meth

#17

“I bet most of the people slagging Vancouver have never been anywhere else.”

I’ve been pretty much everywhere and the only thing Vancouver has to offer from my perspective is not what’s in the city but what’s nearby.

I like the north shore forests for the hiking and especially Squamish for all kinds of nature activities, but I positively hate Whistler and pretty much think Vancouver as a city is dull, depressing and useless compared to other cities.

I’m not really into big cities anyway though, I’ll be leaving as soon as I can for somewhere warm, inexpensive and friendly.

These are the 3 most important things for me as far as where to live and Vancouver offers none of them.

jeff
Guest
jeff

I can afford them it’s just not going to be easy. 🙂

The hard part is trying to figure out the best use of that $2000-$2400 / month (which is basically the floor for anything that can house family of five). I know ‘rent here or buy there’ is apples-to-oranges but I think the question is fair, because it’s just not really an option to spend less (or at least not much less). Acceptable houses in Maple Ridge are still $1800 to rent minimum. Many are asking $2000+.

The whole thing is such a #$%#$@ Ponzi scheme fueled by cheap interest rates it’s not even funny. When you start looking at what $500k gets you it becomes so obvious. And yet here I am.

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