Angry tweets won’t bring prices down.

Well! They could have told us this earlier and saved us a lot of time… Turns out desperate tweets won’t solve our housing cost problems.

Sociologist Nathan Lauster calls the current clash the “intergenerational drama of urban house ownership as a life goal.”

“It produces this sensation for a lot of people like you’re trying to make a home on quicksand,” says Lauster, who is part of UBC’s urban studies department.

“So you’re trying to do everything that you think is right, everything that your parents have done, and it’s still not going to be enough.”

But home ownership hasn’t always been the ultimate goal for a family. In Germany, for instance, renting is the norm.

And in Vancouver, in recent years, it seems people don’t just want a home, they want a perfect home, tearing down old stock to build new mansions, ripping rather than renovating.

“There are a lot of different ways to live. But a lot of policy and a lot of our intergenerational culture has encouraged only one way, and that’s the single family house,” says Lauster.

‘Dr. Zen’ in the comments section of that article has one possible fix:

Solution… leave Vancouver. You will not regret it.

Read the full article here.

 

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Polozi Scheme
Guest
Polozi Scheme

Vancouver has become a rat race of the global variety with all the usual international speculators and local sell out politicians with none of them willing to take a stand. But we still have a chance to. Soon we may not. Our grandfathers fought for this country. That’s why Vancouver is the unhappiest city in Canada.

Polozi Scheme
Guest
Polozi Scheme

Pope you are quite behind the times with this headline.

tedeastside
Member
tedeastside

i just saw 2 cab drivers get into a fist fight over customers..
vancouver has a dismal economy…

most unhappy place on earth… bar none period

southseacompany
Member
southseacompany

“Fed could give clues on first interest rate hike”, USA Today

http://www.usatoday.com/story/money/2015/04/28/april-fed-meeting/26465905/

“There’s virtually no chance the Fed will hike rates Wednesday after stating last month that an April move was unlikely. But investors will be scouring the central bank’s post-meeting statement for clues as to whether a June liftoff remains a possibility.”

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

Major Vancouver property developer is a Chinese corruption suspect wanted by Interpol

http://www.scmp.com/news/china/society/article/1780152/major-vancouver-property-developer-chinese-corruption-suspect

say whaaaa?
Guest
say whaaaa?

@1

Flash back a couple of hundred years to some natives sitting around a campfire discussing our (great)grandparents: “I’m sure these white guys will just give up and go home.”

In my opinion, your optimism about our ability to change the situation is countered by pretty much every example in recorded history. We’ve been colonized. Deal with it or move on.

space889
Guest
space889

@say whaaaa? – Or as Yunak suggest, there is always execution to force some assimilation, into the new masters – Chinese that is.

Seeems like team BPOM has no reseveration about using violence and force to achieve their goals. And yet they call themselves civilized moral superior people.

Mister Obvious
Guest
Mister Obvious
Renting may be the norm in Germany but I’d imagine that renting is a far more positive experience there than it is here. They probably have better rental stock and greater respect for good tenants. That may be a bit of guesswork on my part but it stands to reason for a country where home ownership is NOT the ultimate goal for 90% of it’s citizens. Renting is a much better financial option in Vancouver. You can rent for far less than it costs to own when ALL costs are considered. The problem is that you have to hunt carefully for comfortable accommodation even if you’re willing to pay the required higher rent. Options are rather limited and landlords are (correctly) quite picky in the professionally managed higher end places. Certainly the very last thing you’d want is to rent… Read more »
Yunak
Guest
Yunak

@5

Major Vancouver property developer is a Chinese corruption suspect wanted by Interpol

Hmmm interesting, from some reason I would always think that such scumbags mainly come from Scandinavian countries.

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

@9

i felt uncomfortable posting that headline, but i didn’t want to edit it either. if i was the editor of the news paper i would have written it like this:

“Major Vancouver property developer is a Foreign Nation’s corruption suspect wanted by Interpol”

and i’d also change the name of my news paper from South China Post to South-East Asia Post.

bullwhip29
Guest
bullwhip29

@ #4
no chance in hades the fed raises rates anytime soon. next move from poloz is another cut and more verbal intervention to hammer the loonie back down. imho, the so called recovery in the US has been nothing but a smoke and mirrors act fueled by cheap money. typical consumers are lugging around more debt now than they were pre-2008.

space889
Guest
space889

@Yunak – Yes cuz we all know Scanadinavian countries only produces scums… they are absolutely incapable of producing a single person who might have a shred of decency or moral, not a single one.

bullwhip29
Guest
bullwhip29

more on Cdn debt levels from the G&M…
http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/more-canadian-families-are-highly-indebted-statscan/article24162884

while numbers are outdated (and likely way understated), the trend is as clear as day with the overall risk increasing by the day

southseacompany
Member
southseacompany

“IMF Says Canada Housing Market Likely to Achieve ‘Soft Landing’”, Wall Street Journal

http://www.wsj.com/articles/imf-says-canada-housing-market-likely-to-achieve-soft-landing-1430326886

“Canada’s uninsured mortgage market continues to grow, enabling some borrowers to circumvent tighter mortgage rules meant to put the brakes on a hot housing market, the International Monetary Fund said.”

“House prices are at historical highs on a national basis, prompting continued concern about the possibility of a sharp, destabilizing correction.”

“The IMF expects a soft landing in Canada’s housing market, given “a solid labor market and low mortgage rates.””

VanRant
Member
VanRant

More about the chinese corruption suspect:

“Michael Mo Yeung Ching is wanted for misappropriation of public funds, embezzlement, transfer and concealment of illegally acquired goods, according to an April 2001 arrest warrant.”

Father was “Communist Party boss in Hebei province and later Provincial People’s Congress chair, but expelled for corruption in 2003. A report from the state news agency Xinhua quoted by the South China Morning Post in August 2003 claimed the father arranged favours for the son.”

“In April 2012, Ching filed a statement of claim for $1.75 million in damages plus costs in the Federal Court of Canada against the Attorney General of Canada, Minister of Citizenship and Immigration.”

http://www.vancourier.com/news/vancouver-man-on-china-s-most-wanted-list-claims-innocence-1.1868668

space889
Guest
space889

Secure jobs disappearing in Canada – I think this is a bit more important than you can’t buy a house in van West cuz you grew up there.

https://ca.finance.yahoo.com/news/secure-jobs-short-supply-canadas-090000836.html

vangrl
Member
vangrl

“The residential construction industry accounted for the largest portion of the underground economy at 28.3 per cent.
Finance, insurance, real estate, rental and leasing and holding companies amounted to 13.8 per cent, retail trade totalled 12.2 per cent and accommodation and food services was 11.6 per cent.’

30,000-35,000 income group?

http://www.ctvnews.ca/business/canada-s-underground-economy-totalled-42-4b-in-2012-statscan-1.2350078

space889
Guest
space889

@Madashell – So instead kicking this person back to China to face some actual justice, we now have to pay additional legal cost for this lawsuit?? No wonder scumbags love Canada, you can be the most evil person in history and Canada will still protect you and let you stay in the country so you don’t have to face death penalty or potential harm in your country of origin.

But again, for a country populated by descendents of people who committed genicide against First Nations people, maybe this isn’t too surprising.

space889
Guest
space889

@vangrl – But but but but….I thought only Chinese scumbags would dodge taxes and do such dishonest practices???

Oh wait, I forgot, only Chinese participate in underground economy. Stupid me.

Hmmm…no breakdown for the pot trade? Or sex trade? I would put those 2 as the top contributor to underground economy.

patriotz
Member

@8: “Renting may be the norm in Germany but I’d imagine that renting is a far more positive experience there than it is here.”

True, renters enjoy more legal protection there.

But keep in mind renting is more expensive than buying in Germany. That’s because in large part Germans don’t have a preference for buying.

The relatively weak legal protection for renters in BC (and most of Canada) is another government policy to encourage homebuying.

franko
Member
franko

@7
” Seems like team BPOM has no reservation about using violence and force to achieve their goals ”

Voting down space889 just doesn’t have the same satisfaction as a stiff crosscheck into the boards would have.

space889
Guest
space889

@patriotz – I don’t think renter protection is really weak when there are reports of people living in an unit rent free for months while disputing with landlord before RTB. Seems to me that the needle might be swinging a bit too far towards the renters right now.

space889
Guest
space889

@franko – So basically violence is the way to go, and then afterwards blame the victim cuz it’s his fault for getting checked into the crossboards. Yeah…that’s a really shiny example of civilized culture right there.

realist
Member
realist

@ 23 space889

Do you think that violence can also be verbal? And that remarks, such as some of yours above, that are sarcastic and mocking are perhaps not violent, but are discourteous, disrespectful, and belittling to those to whom they are directed? Kindly consider, please.

mls watch
Guest
mls watch
Renting in Vancouver… 1% vacancy rate, but If you want a 3 bdrm and have a pet, forget about it, unless you are ready to spend north of $4000 per month. The market is incredibly tight right now for suites larger than 2 bdrm. Landlords see a huge line up and treat you like s..t, even if you send them your credentials before going to the showing (making north of $200k, stable job). Went to visit a duplex @ $3300, the house was a wreck (slanted, cracks everywhere, rat traps…) and families seemed willing to fight to get in. UBC has such a hard time recruiting faculty that they are building a 94 units rental condo geared toward families (mostly 3 bdrm). The building was fully booked by Sept 2014, even thought the moving date is May 2015. The new… Read more »
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