Where’s the love Vancouver?

This city has lost more than a thousand people a year in the 25-44 age group since 2012 and it’s not hard to guess why.

One of those people has an editorial in the Vancouver Sun:

Sure, I managed to pay rent on a 380-square-foot apartment and eat takeout sushi once in while, but I definitely haven’t saved for retirement or been able to afford to give birth yet. I’ve spent most of my 30s on the west coast (land of economic opportunities?) while I watched my friends on the east coast (with less education than me) buy four-bedroom houses and multiple cars.

Sure, they shovel snow, but they also run across the street to borrow sugar from the neighbours. They trade gardening tips with the elders living next door. Their children play in the backyard. They are happy and connected.

In Vancouver I’m lucky to get a hello in an elevator.

Read the full editorial here.

Are you in that 25-44 year old demographic and if so are you thinking of leaving or in love with the city and never gonna go?

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paulb
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http://www.paulboenisch.com

wwwww
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wwwww

Acupuncture equipment seized from Richmond home

Retired acupuncturist is under investigation for allegedly running a practice out of his home

http://www.richmond-news.com/news/acupuncture-equipment-seized-from-richmond-home-1.2220239

Best place on meth
Member
Best place on meth

““All I have to say is that they were only friends,” Chik said of the many visitors to his home.”

Yes, they were all just friends of his…..coming by one at a time at 45 minute intervals.

teddy
Guest
teddy

i am in that age range and left 10 years ago. There are times i think i would buy a place in Vancouver in a heart beat if prices dropped but I then stop and think. Housing isn’t even the number one reason I don’t live in vancouver, jobs situation is. I don’t think I will ever go back.

Guest
Guest
Guest

Left to where? I bailed out of Van for the Fraser Valley, better lifestyle than East Van by far. The schools are inner city, the place to transient, too many rentals and flips. The Valley has a comparable economy to Halifax, people know their neighbors and the middle class can get into good schools, no need to drive to the rich area to get decent schooling.

teddy
Guest
teddy

I went to Calgary. I am not sure if anywhere in BC has the employment opportunities of Alberta. Even now with oil below $40.

patriotz
Member

“The Valley has a comparable economy to Halifax”

I would say it’s Vancouver that has a comparable economy to Halifax. Biggest city and biggest port on either coast. Halifax is also the provincial capital and has a big naval base so you could say Vancouver+Victoria.

Median family income by CMA, 2013
Halifax 82,510
Abbotsford-Mission 68,310
Vancouver 73,390

Housing in Halifax is also cheaper than the Valley in absolute terms and much cheaper relative to incomes.

2nd and goal
Guest
2nd and goal

Policy responses to rising housing prices and fears of excessive speculation have predominantly involved demand-side measures. In 2010, the xxxxxxxx government introduced the first of these measures in the form of the SSD. The explicit intention of this policy was to “curb speculation,” on the basis of an observed surge in residential properties being resold within 24 months. Later, in 2012, the government extended the coverage
of the SSD to properties being resold within 36 months and increased its maximum rate to 20%, and introduced the BSD on all foreign purchases of residential property. One justification for the adoption of the SSD and BSD was the anticipated global investment flows to xxxxxxxx

So VCI….guess which city? Then look it up below!

http://www.china.ualberta.ca/~/media/China%20Institute/Documents/Publication/Occasional%20Paper/RealEstate_KerrySun_201508_web.pdf

Polozi Scheme
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Polozi Scheme
bullwhip29
Guest
bullwhip29

thank you. great read

Best place on meth
Member
Best place on meth

Lying Garth hinted he might shut down his lying blog where he spends each day spreading lies and censoring peoples opinions.

I doubt he’ll make good on it though, being an ex-politician, a flip-flopper and a traitor I expect him to weasel out.

Still though, should we spam the shit out of his site and try to put him over the edge?

HAMster
Guest
HAMster

Garth is an attention hound who has been totally wrong with all his predictions. Yet he denigrates others whom make predictions he doesn’t agree with. Turner has been wrong on Real Estate, interest rates, exchange rates, oil, Chinese buyers, and I think he’s even been wrong on gold (but he would deny that) you name it and he’s been WRONG.

Hyper-mega-Bull
Member
Hyper-mega-Bull

>Still though, should we spam the shit out of his site and try to put him over the edge?

i don’t go to his site. what’s pissing him off ?

Best place on meth
Member
Best place on meth

Hate mail from Vancouver people about his HAM denial.

Keep up the good work, people!

p123
Guest
p123

Garth is useless says every year the interest rates would go up for the last 6-7 years and still hasn’t happened.

bullwhip29
Guest
bullwhip29

Cash bonuses for B.C. real estate agents called into question
http://www.vancouversun.com/story_print.html?id=11819204

bullwhip29
Guest
bullwhip29

Economy will take years to adjust to commodity-price decline: Bank of Canada
http://www.vancouversun.com/story_print.html?id=11818580

Andy
Guest
Andy
I am 38, and my partner is 42. We have been having this discussion for about two years – do we stay or do we go. Family is here, and we have a good housing situation, good jobs and kids are In a good school. Truth is though, this place is so depressing, we can’t even enjoy what we are blessed to have. The situation here has become so dire that it occupies more of my mind than it should – hence cruising blogs like this. All of my friends have either left or are barely hanging on and regardless of how beautiful this place may be, I’m pretty sure the anger and rage that people are feeling here is not good for anyone’s mental health. Long story short, we were going to wait it out and hope things get… Read more »
Ulsterman
Member
Andy when you say you have a good housing situation I assume you mean you rent a good place for fair money? If that’s the case I don’t think at your age there’s anything to hang on here for – prices aren’t getting significantly cheaper any time sooner IMHO. If you have young kids and you CAN get a job elsewhere you should probably just go now. You sound like you are in a similar position to me. I ski Whistler, mountain bike the North Shore (all the things that are supposed to make this the Bestest Place on Earth Everrrr!), have a good job, 2 minute commute, kids etc, YET the lack of stability that a house provides consumes me. My job is very niche and so it isn’t easy for me to move. If it were I’d probably… Read more »
Andy
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Andy

I’m in a coop. I applied years ago when I saw the beginnings of this madness and I was fortunate to join an incredible community. Problem is, outside the walls of my community lies Vancouver. I honestly don’t know what I would be doing otherwise, and I worry enough about not “buying in” that I would be a basket case were stability an issue as well.

Ulsterman
Member

Forgot about the coop option – that helps a lot.

OPENHOUSEMASSACRE
Guest
OPENHOUSEMASSACRE

what makes Vancouver so different? Forget weather, housing prices, lifestyle, green initiatives and other external factors and complaints. Yes, they are all variables but when it comes to consumer spending, there’s one big variable driving the market almost to the exclusion of anything else: CHINA AND THE CHINESE.

http://www.huffingtonpost.ca/sonny-wong/metro-vancouver-marketing_b_9534702.html

Radar
Guest
Radar

Wow… a sick society comprised of the wealthy garbage. No future, no hope for normal people.

bullwhip29
Guest
bullwhip29
yes, not only is the landscape changing, “normal” people can no longer shop at the usual places they formerly frequented on a regular basis too. check out the comments… https://www.yelp.ca/biz/costco-wholesale-richmond-3 and that video of the seafood buffet gong show posted a few days ago reminded very much of the shenanigans i used to witness at griffins/hotel vancouver buffet where certain groups of people took total advantage of the 50% off discount promo by monopolizing tables among friends/family, hoarding plates and plates of prawns/smoked salmon/king crab etc. getting extra food to go (seriously?) either in containers supplied by the restaurant or ones brought from home (come on now!) and emptying the entire candy container into hangbags or jacket pockets. needless to say, when customers can no longer act in a sensible manner, bad things happen. to the detriment of many locals,… Read more »
bullwhip29
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bullwhip29
Yunak
Member
Yunak

They are never going to get full. They were born hungry. Their fathers were hungry at conception… It is genetical hunger at all segments and social levels, it’s just their main attribute.

OPENHOUSEMASSACRE
Guest
OPENHOUSEMASSACRE

Chinese Dude Kisses Policeman On The Lips, Get Battered

http://www.sickchirpse.com/chinese-man-kisses-policeman/

OPENHOUSEMASSACRE
Guest
OPENHOUSEMASSACRE
Victory
Guest
Victory
I’m in that demographic, and I (mostly) disagree with the writer. Been here since 1999, and sat out the housing bubble. Had lots of precarious work. But I find the town a fascinating study of human nature, and still a lovely place to be in spring. People are lonely and poor in other cities too, but they usually don’t blame the city. In terms of relationships, there is a lot of transience here. But you have to make an effort to connect. Communities don’t come ready-made in this town – that just means that you have to create them. If you want to develop long-term relationships, then you have to work at it. I think part if it is that young people have such expectations, and then they come up against reality. I guess the reason that Vancouver didn’t disappoint… Read more »
bullwhip29
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bullwhip29
p123
Guest
p123

Let’s be honest everyone here’s been wrong for so long. Even if a crash does happen the government would do everything they can to stabalize the prices, we won’t get a US style crash. I can’t see Federal and Provincial liberals standing pat if a crash does occur. Price decreases could still be years away.

Make money, if you want to stay here or else leave to find a better environment elsewhere are practically the only options for people here.

No point in whining, we all made a mistake, thinking that common sense would play a role in housing prices but it clearly has not. This market defies logic and will continue to do.

bullwhip29
Guest
bullwhip29

the only thing many here have been wrong about is the extent to which the system in general has been corrupted. who would have thought that the powers that be would be OK with taking the children from regular hard working, law abiding citizens and feeding them to the prize tigers of others with fatter wallets and fancier cars.

Royce McCutcheon
Member
Royce McCutcheon
Pretty much this. I was naive to think that the leaders (with support of older generations) would double down on allowing the imbalances that clearly screw over the future of young people in the region. Of course, I’d just get branded as entitled with that sort of sentiment. In relation to name-calling though, when compared to say the start of 2015, I do think it’s become a lot harder for politicians, commentators, and existing owners to play the “entitlement” or “racism” cards to cut-off discussion. Maybe it’s just me, but some of those benefiting from the current situation seem to have become more reticent to sing the praises of what’s happening here. I don’t feel like there’s a lot of reason for hope that things will change in this, since people are still going to be generally self-interested. But it… Read more »
Yunak
Member
Yunak

Mindboggling part is that the whole fuck-up could be quickly and easily fixed in a week or less with righteous, determined and patriotic political leadership. It will be draconian (with reason) but short, people of Canada and future generations would be thankful forever. Country will be theirs again.

MASH
Member
MASH
Not Vancouver proper but feeling the heat anyway. Married. Early 30s. No kids/pets. Average-decent income. Had no intention of buying again in this sh*tshow (sold a condo in the Valley for basically 0 return after expenses a few years ago) until the older-but-cheap-convenient-and-fairly-spacious apt we were renting for in a less stabby part of Whalley (I refuse to call it “Downtown Surrey” or whatever.) went on the market after the owner died unexpectedly. Listing agent happened to be getting a cut as the prop mgr so he didn’t try very hard… The few who viewed it were all shopping for an “investment property” with good transit access. More South Asian buyers here but one was a Chinese kid from the North Shore who couldn’t have been more than 20 years old. His mom came on the second viewing. Anyway, we… Read more »
elvince
Guest
elvince
You and your wife ever thought of going to your respective employers and explain the situation, then ask for a raise? Before you say that employers pay according to a wage scale or according to experience and whatnot, consider how hard and costly it is hire someone and replace him/her. I mean, maybe it really is impossible, like for a teacher or a public worker, but in the private sector, there is actual competition to hire good employees. Losing a good employee to either a competitor or because he’s moving away for whatever reason will cost you time and money to replace him. When it becomes obvious that wages aren’t sufficient to keep your workforce, employers have to either raise them or shut down. None want to shut down, so they raise the wages and either make it through or… Read more »
MASH
Member
MASH

Nicely played with your employer! Congrats. Mine recently gave me a solid raise too after a parade of bad temps made me look good. :p

Funny you assume I’m Mr. Mash though…

elvince
Guest
elvince
That opinion piece might be enlightening: some people are leaving. Anyone who reads that can easily come to the conclusion that Vancouver just doesn’t offer the quality of life that other places do offer. But the major untold story isn’t about the people who move out. It’s about the people who don’t move in. That, ladies and gentlemen, is much more massive number. People who got actual job offers from a Vancouver company, just ran the numbers, and politely declined due to an obvious mismatch between wage and cost of life. It takes a lot to pack up and leave, so when your best and brightest people start leaving, it’s already been a while that you’ve been unattractive to outside talent. At this point, there is no reason why anyone skilled in STEM would move to Vancouver. None. Wages are… Read more »
bullwhip29
Guest
bullwhip29

even honolulu would be less expensive and that’s saying alot

Royce McCutcheon
Member
Royce McCutcheon

Very good comment.

“At this point, there is no reason why anyone skilled in STEM would move to Vancouver. None”

I actually think there is one reason for subset of people who appear to be “moving into” the region. Dig around at the people in STEM (or other sectors) and I can almost guarantee that they or their partner have a strong prior connection to the region (either lived here themselves or have family still). These returners (or their partners) have prior exposure to the “these prices are somehow do-able” Kool-aid.

But yeah – from what I’ve seen, true outsiders with no ties at all typically shrug and take a different offer elsewhere.

elvince
Guest
elvince

I think people with local ties will endure a lot of hardship to stay, but those who are left are much harder to get to come back. It’s much easyer to keep people where they are than convince people to come.

Of course, there are the statistical outliers who will move back for a few year to be with their sick parents or something, but these are few and far between. And we’re close to the point where moving a whole extended family out of vancouver is easier/cheaper than moving a single person in.

Hyper-mega-Bull
Member
Hyper-mega-Bull

The Burquitlam Capital – That Last Great Place

COCs are priced out.

https://www.youtube.com/watch?v=LF4qOuL814k

bullwhip29
Guest
bullwhip29
Yunak
Member
Yunak

Industry: Real estate, Industry: Real estate, Industry: Real estate…

What do they have in common?

bullwhip29
Guest
bullwhip29

and what else do they have in common?

– all questionable rags to riches tales involving outright expropriation of land from public and the blatant disregard for the law strictly for the benefit of close friends and family of corrupt govt officials. only other place on earth this happens on similar scale is in russia

– all probably own many millions of dollars worth of RE in cities like Vanc. can’t help but laugh when thinking of the former chinese duck farmer who somehow is able to plunk down $50M for estate overlooking spanish banks

Bird
Guest
Bird
There’s one special thing about Vancouver and thats how former residents like myself seem to keep coming back to blogs like these. For me its a mixture of curiosity and disbelief. I left a couple years ago I thought house prices were ridiculous then considering the low wages. Since then it’s only gotten worse, I miss the old Vancouver but I’m glad I got out when I did. A large number of friends moved away either before or after me so that helps do away with that sadness, although I do still have a lot of family and friends left there. If the economy was ever magically fixed to where you could support a family and communities could grow again based on something other than house prices that would likely make people less stressed out and more friendly, doing away… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

look at the bright side, you can come back to visit. it’s cheaper and a shorter flight than bejing or shanghi, the air is better, and you can get by with english.

Bird
Guest
Bird

true, it’s always nice to visit, plus I automatically get a 25% discount on everything with the dollar down, that helps take the sting out of the sales taxes 🙂

MLS watch
Guest
MLS watch

Still renting a small accommodation in Van. Bought a beautiful home 2 hours away from Vancouver, in a real community. My Van rent + house mortgage = rent I used to pay for a house in Vancouver. I do 50% of my work from home. Mortgage will be paid off before I retire. I might even retire earlier than if I had stayed in Van. Only possible because my kids are teens. I feel for people with small children in this crazy city.

patriotz
Member

” Mortgage will be paid off before I retire”

I think it says a lot that anyone would think this is worth mentioning.

bestplaceonearth
Guest
bestplaceonearth

“Mortgage will be paid off before I retire. I might even retire earlier than if I had stayed in Van.”

it’s worth mentioning. this poster made it worked for his family. and, there is no whining. he did not pack up for ottawa, did he!

Combat roach
Guest
Combat roach

Right, neither he cheated, lied, faked, launder, speculated, locusted…

Royce McCutcheon
Member
Royce McCutcheon

More power to MLS watch, but that is a pretty heroic arrangement that very few people with young families would embrace. Note the age of his/her kids and that this arrangement requires an employer who accepts remote work.

And what you call “whining”, most people would call “hoping for a basic quality of life that this region offered families for a very long time until less than a decade ago when everyone became obsessed with inflating real estate values at any cost”.

Bestplaceonearth
Guest
Bestplaceonearth

Depending on your description Basis quality of life. Is it a sfh near Chip Wilson’s, or a basic condo in new West. Last time I checked, there are two bedroom condo in older buildings for under $250k.

Ulsterman
Member

I think you missed Patriotz’s point – he mentioned mortgage paid off BEFORE retirement because MLS Watch stated it like it was a phenomenal achievement whereas in normal cities / eras it was just a given. His phrasing demonstrates how absurd this region has become.

Combat roach
Guest
Combat roach

Poor English skills (not checked by immigration officer) with the specific totalitarian mindset and complete absence of sense of figurative speech.

bestplaceonearth
Guest
bestplaceonearth

life in a trailer, no chance to learn english. 3 university degrees and could not make it here…what is the difference?
by the way, if a person wanna move out, move…why needs to make a bid fuss about it.

Nom Nom Nom
Guest
Nom Nom Nom
OPENHOUSEMASSACRE
Guest
OPENHOUSEMASSACRE

THIS MAKE ME SICK WE GIVE FREE HEALTH CARE TO FUCKING CHINES BUT TURN AWAY OUR OWN PEOPLE.

Homeless man and toddler seeking shelter turned away by ministry staff.

http://www.cknw.com/2016/03/30/homeless-man-and-toddler-turned-away-by-ministry-staff/

Yunak
Member
Yunak

This hurts a lot, only people can help people. It’s like wartime.

bullwhip29
Guest
bullwhip29

look how quickly homeless shelter proposal got shut down in maple ridge (of all places). imho, as the govt looks for alternate locations the same nimby cast of characters will do whatever they can to throw a wrench into those plans too. of course, they’ll claim it is all being done in the name of safety and security for the precious children, but really deep down inside it is all about money and property values, nothing more. if this means homeless people have nowhere to go, that’s fine with most homeowners as long as they dont have to look at them.

marble
Guest
marble
Yunak
Member
Yunak

Just a brief directive from politburo, Beijing.

Best place on meth
Member
Best place on meth

Money from BC taxpayers going to protect Richmond tax-evaders.

China’s kleptocrats get a free ride once again.

Hyper-mega-Bull
Member
Hyper-mega-Bull

This is the cheapest house in richmond. literally next to the airport in burkville.

Land Size
5506 sqft

Floor Space
792 sqft

Built in
1944

$850,000

https://www.realtor.ca/Residential/Single-Family/16281022/2200-HANDLEY-AVENUE-Richmond-British-Columbia-V7B1H7

Yunak
Member
Yunak

From multiple security and healthy reasons, Richmond should be completely razed and converted into arable land following some examples in Europe after WWII.

Hyper-mega-Bull
Member
Hyper-mega-Bull

don’t worry. once it secedes from canada and becomes an chinese city state you won’ t be aloud in anyways without a visa. just hope they don’t take the rest of the lowermainland with them.

marble
Guest
marble
some comments on Crusty’s gift of $16.6 millions to Richmond multi-million-dollar homeowners cum low-income group: #WesternPOV Building in an estuary that would be prone to flooding when a large earth quake liquifies the dikes surrounding built up areas is not going to be protected by pumps. The pumps will do nothing in that situation. This was farmland and is now residential and industrial and high density condo’s. The decision to build on this land was faulty. #Kjartan You can’y possible expect the millionaires who live in Richmond to actually chip in a bit more taxes to keep their 2 million dollar homes dry, can you? Thank goodness Christy came to the rescue of these under privileged wealthy people. #Papi Dave Residential development of Richmond should never have been allowed. It is the most fertile farmland in the province and housing… Read more »
1234
Guest
1234

TREO elsewhere……..here….only UNO?

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