Vancouver BC is “making room”

In a city with outrageous house prices, more than half the land is zoned as ‘single family’ housing. This leaves very little in the range between very high density mini condo towers and expensive family homes.

Many older cities have addressed this issue with mid density housing including row homes, and it looks like Vancouver is ready to follow suit:

More specifically, the proposal instructs planners to “bring forward policies for RS and RT zones that allow triplexes, quadplexes and other multi-unit formsto significantly bring down the purchase cost per unit of housing in low density neighbourhoods.”

It also recommends setting maximum dwelling unit sizes, reducing parking and setback requirements, eliminating design guidelines, and offering density bonuses for projects that provide community benefits. The city has embarked on an 18-month process to develop and adopt the full program.

Read the full article here.

Sort by:   newest | oldest | most voted
Dave
Member

Is there an election this Fall by any chance? Idiots should have done most of this 10 years ago.

Don’t expect the people who caused the problem to solve it. The reality is that most of this will have little effect. Do the math on what it costs to densify a SFH lot and you’re still stuck with high prices. Just look at duplex prices. You can buy one right on Oak Street for a cool $2Million.

Same thing with townhomes. Not hard to spend a Million.

I’m starting to think the only solution to this mess is reduced immigration. Let’s cut it by half for 5 or 10 years to let the supply catch up and grow.

Oracle
Guest
Oracle

That’s the primary reason for the boom. Just ending parent and grandparent immigration (permanent and Supervisa) would collapse the bubble. As it stands, highest per capita in the world.

Reducing foreign students and limiting 10 yr visa holders to max stay of 3 months per year would crash rents.

Polozi Scheme
Guest
Polozi Scheme
MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

I surprised the Race card has not been brought up?

Hyper-mega-Bull
Member
Hyper-mega-Bull

of course it has.

Andrew Little denies racism: ‘The issue isn’t about being Chinese. It’s about non-resident foreign buyers’

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11480559

when it was exposed that one of their MP worked in chinese intelligence the racism card was also played.

National MP says ‘spy’ story racist
https://www.newstalkzb.co.nz/news/politics/national-mp-says-spy-story-racist/

Best place on meth
Member
Best place on meth

I wonder why chicoms favour the 5 English speaking countries above all others when it comes to buying real estate.

Why oh why?

Dyugle
Guest
Dyugle

Because we have low residential tax rate that promotes home ownership. And we extend that to all homes not just principal residences. If only principal residences received the residential tax rate and all others paid buisness tax rate this would not have happened.

Lost...but not Leased
Guest
Lost...but not Leased

Non Western nations allow capital punishment for pumpkin thieves..no questions asked.

PS have you even heard anymore of SIDAs Dragon Lady concubine….. I buy tree and my hubband buy tree

Best place on meth
Member
Best place on meth

And the spy story is an easy one, every English speaking country should be doing this with all mainland chinese who immigrate or study there.

“Mr Yang says he refutes any suggestion he is not loyal to New Zealand.

He says he’s been nothing but up front and transparent about his education and employment.

Mr Yang says although he wasn’t born here, he’s proud to call himself a New Zealander, and this is a smear campaign because he’s Chinese.”

Just ask them to denounce the horrific, oppressive, genocidal, illegitimate regime that rules the PRC.

Let’s see how many of THEM step up.

paulb
Member
Active Member

New
183
Price Change
83
Sold
75
TI:12779

http://www.clivestevepaul.com

Oracle
Guest
Oracle

Sold to inventory ratio of 0.59%.

Can anyone maybe do a graph on this and when downturns have occurred. The resounding behind this ‘Oracle’ metric is it takes into account the fear of selling and not being able to get back in the market….hence less homes on sale (inventory).

Lost...but not Leased
Guest
Lost...but not Leased

Magic 13,000 TI number deftly avoided again…

Oracle
Guest
Oracle

Business in Vancouver has stats out for first 6 months of 2018.

Foreign buyers in all of lower mainland = 1% of all transactions. Thus banning them won’t have much of an effect from what we already have.

Important to note that everyone is NOT a foreign buyer with all the loopholes. Foreign students and Anyone with a work permit are exempt. These people should be classified as foreign buyers.

And what about all the rich Asians having PR status (and foreign students) buying multiple properties with foreign money?? That needs to be addressed.

Dave
Member

It won’t be addressed. Too hard to do.

Oracle
Guest
Oracle

Then I guess a recession in Canada is all one can hope for. That’s a reason to cheer Trump.

Best place on meth
Member
Best place on meth

We need to ban chinese students as they’re all spies for a hostile enemy nation.

patriotz
Member

“Foreign students and Anyone with a work permit are exempt. ”

Yet another lie that the jackass keeps repeating. Look for “Exemptions” here:
https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/additional-property-transfer-tax

Oracle
Guest
Oracle

Look at this propaganda this asshole who works for immigration Canada spews.

People with work permits are exempt from the FBT!!! And foreign students automatically get work permits.

And you went and bought a house while telling others not to. Priceless.

Best place on meth
Member
Best place on meth

West side detached sales:

1897 37TH AVE W, listed at 5M, sold for 4M, 20% below ask.

6455 VINE ST, listed at 5.68, sold 4.84, 15% below ask.

2519 45TH AVE W, listed at 3.1, sold 2.638, 15% below ask.

595 65TH AVE W, listed at 2.68, sold 2.1, 22% below ask.

129 45TH AVE W, listed at 4.688, sold for 4, 15% below ask.

patriotz
Member

Courtesy of Local Fool at HHV, an actual repeat sale:

3595 Puget Dr, Vancouver, Bought in Nov 2016 for $3,500,000.

Attempted sale at $2,999,999, no takers, relisted for $2,750,000
Just sold for $2,600,000 for a total loss of $900,000 + carrying and offloading costs

Best place on meth
Member
Best place on meth
Upcoming legislation will kill Richmond’s farm mega mansions: Agriculture Minister Minister of Agriculture Lana Popham says she is now ready to overrule Richmond city council on house sizes on farmland https://www.vancourier.com/upcoming-legislation-will-kill-richmond-s-farm-mega-mansions-agriculture-minister-1.23401952 “In Richmond, the reduction of ALR houses from the existing 10,760-square-feet in size, to half of that, has widespread and bi-partisan support, including from the BC Green Party and all four BC Liberal MLAs. But six city councillors (Chak Au, Derek Dang, Ken Johnston, Alexa Loo Bill McNulty and Linda McPhail) voted to keep larger homes this year, following a review of the city’s residential bylaws. The six also went against the recommendations (5,382-square-feet) of their own city planners, who cited land economist Richard Wozny claiming anything over 4,200-square-feet would skew Richmond farmland prices to the detriment of the industry. Farmwatch’s John Roston said it is “amazing” to have… Read more »
Oracle
Guest
Oracle

That’s great news BPOM!

Will it be province wide? And immediate enforcement or will people be grandfathered?

And those that are grandfathered and build, is there any way they would be charged a property tax that is much higher?

Oracle
Guest
Oracle

Just read the story. Why wait until the fall?

Everyone just going to shoot off an application to city hall to be grandfathered. Fucking corrupt idiots.

Patiently Waiting
Member
Patiently Waiting

I saw a news article from the usual suspects claiming Popham is one of the weakest ministers. Nope, she’s the real deal as far as I’m concerned. Criticism comes because she’s a threat to some greedy assholes.

Lost...but not Leased
Guest
Lost...but not Leased

No…..you are wrong….

NDP= EQUALITY
….they are all the same..equally weak in a race to the bottom.

Lost...but not Leased
Guest
Lost...but not Leased

Scoop:

(2) Richmond Councillors will be making public a libel suit against a local Richmond paper..

Lost...but not Leased
Guest
Lost...but not Leased

Harold …aka ALR Godfather… Steves will SOON be publically exposed as gaming the system…..as his bogus farm is NOT in the ALR…it was primed for development even before the ALR was created..thus how come the Steves pioneer family farm was not included in the ALR.

His bogus farm pays approx. $500 per year in taxes via Farm Status scam…when its TRUE value is in the $10 MILLION+ range and should be paying in the $40,000 + annually range.

ALR supporters are certifiable SUCKERS……

Best place on meth
Member
Best place on meth

Travellers urged to confirm bookings as Sinorama loses operating licence
Customers of Richmond travel company warned to confirm bookings directly with suppliers

http://www.cbc.ca/news/canada/british-columbia/sinorama-travel-richmond-loses-operating-licence-1.4783799

southseacompany
Member
southseacompany

“Metro Vancouver real estate prices are 65% overvalued: Economist”, Vancouver Courier

https://www.vancourier.com/real-estate/metro-vancouver-real-estate-prices-are-65-overvalued-economist-1.23401335

“Metro Vancouver real estate is valued at 65 per cent higher than it should be, based on local incomes, according to a new global house price index by The Economist.

southseacompany
Member
southseacompany

“Vancouver Condo Inventory Jumps 66%, Largest Monthly Price Decline Since 2012”, Better Dwelling

https://betterdwelling.com/city/vancouver/vancouver-condo-inventory-jumps-66-largest-monthly-price-decline-since-2012/

“The Greater Vancouver condo market is quickly changing. Real Estate Board of Greater Vancouver (REBGV) numbers show July saw inventory surge. The rise in inventory was met with big declines in sales, releasing a lot of the pressure for prices to rise.”

Doomcouver
Guest
Doomcouver

Here we go, the market is stuck gasping for air choking on excess inventory and lack of interest from speculators and foreign interests. The next phase we can expect marginal sellers to start getting desperate and will cause mass panic as they take a hatchet to their asking prices. To anyone owning real estate in the GVR: if you haven’t sold already, you’re going to be locked into a toxic asset for a decade or more. You’ll also get to experience what it feels like to have a winning lottery ticket evaporate before you can cash it.

Stratahacker
Guest
Stratahacker

Blah blah blah yawn.

Oracle
Guest
Oracle

All these doomers counting their chickens before the eggs are hatched.

I get attacked on this blog cause I only want to cheer results. Example: who cares about inventory. I want to see lower benchmark prices.

Nomad
Guest
Nomad

Hilarious. Lets shut down all air, water, land accesses and build a wall around our beautiful BC.
Oh yeah don’t forget to block all the international money transfers too. That is the only way!

Oops what did just happen?? Oh well, lets just all live in a treehouse, naked. They might call us the greenest people on earth – thats what we wanted anyway.

My hairy balls say it will just plateau out for couple of years or minor decline in prices.
In 5 years time it will be back on track seeing new highs. Maybe even sooner.

Can’t help it, cheap loonie makes Canada for sale. Everyone in their right mind sees it. Where to start? Google Canadian cities – yeah Van, Toronto looks promising, lets look into Ottawa and Montreal too.

bullwhip29
Guest
bullwhip29

Politically-connected fraudster Paul Oei has been permanently banned from trading in or purchasing any securities or exchange contracts by the B.C. Securities Commission
https://www.richmond-news.com/news/richmond-fraudster-banned-permanently-by-bcsc-1.23401976

bullwhip29
Guest
bullwhip29

Vancouver’s growing links to Asian commerce grew stronger last month, when The China International Economic and Trade Arbitration Commission (CIETAC), China’s largest business arbitration institution, announced plans to set up its North American location in the city
https://www.richmond-news.com/business/chinese-arbitration-organization-to-open-vancouver-branch-1.23401131

bullwhip29
Guest
bullwhip29

“…It is unclear whether the new office will collaborate with the BC International Commercial Arbitration Centre…”

“…the organization’s presence may facilitate more links between B.C. businesses and Chinese companies…

“…the city has improved its soft investment environment by welcoming CIETAC’s landing…”

“…the new location, by offering services in Mandarin, will cut down Chinese companies’ translation costs…”

bullwhip29
Guest
bullwhip29

“Stated quite simply, Chinese courts do not generally take orders from foreign arbitrators,” said attorney Steve Dickinson in a China Law Blog report. “If you enter into a contract with a Chinese entity, you should plan to settle any contract disputes by legal action taken in China. The attempt to litigate or arbitrate outside of China is a mistake that must be avoided.”

Hyper-mega-Bull
Member
Hyper-mega-Bull

welcome to the sinosphere

bullwhip29
Guest
bullwhip29

When Chinese state TV accidentally revealed much of the “salmon” sashimi eaten in the country was actually rainbow trout, domestic fish farmers faced a crisis of consumer confidence
https://www.richmond-news.com/news/asia-pacific-business/china-s-rainbow-trout-gets-a-new-name-salmon-1.23400884

Patiently Waiting
Member
Patiently Waiting

Well I’m glad they aren’t trying to supply the Chinese sashimi market with real salmon.

I wonder if that’s the case for some of the some of the local restaurants. I can’t believe people eat sashimi from low-end sushi dives.

ted
Guest
ted

Rainbow trout is a salmon. When it goes to the sea it becomes a steelhead. Whether or not it is safe to eat, I don’t know. Pretty sure the quality of the farmed altantic salmon everyone eats in Vancouver isn’t that good.

Best place on meth
Member
Best place on meth

At least the fake product is still some form of seafood, rather than pressed sawdust formed into fish-like shapes or some other toxic low cost substitute.

bullwhip29
Guest
bullwhip29

Consumer Protection BC is warning travellers who booked through Richmond travel agent Sinorama that they’re at risk of not receiving services they bought
https://www.richmond-news.com/news/richmond-travel-agent-sinorama-s-license-suspended-1.23399984

>>> I wonder if this co is owned by Ethan Sun?

bullwhip29
Guest
bullwhip29

Vancouver’s director of planning has approved a development permit that will see two temporary modular housing buildings constructed at 610 and 620 Cambie St., which was formerly 688 Cambie St
https://www.vancourier.com/news/temporary-modular-housing-approved-for-cambie-site-1.23401609

Laibach
Member
Laibach

At least getting rid of those ubiquitous fucking 888s across the city’s streets is some good progress.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Temporary in terms of construction materials, not in duration of use.

bullwhip29
Guest
bullwhip29

Sun Hung Kai, Hong Kong’s biggest property developer, has cut the prices of homes at one of its projects by as much as 10 per cent, the second time in less than a month
https://www.scmp.com/business/article/2159904/sun-hung-kai-cuts-new-flat-prices-again-hong-kong-developers-face-headwinds

bullwhip29
Guest
bullwhip29

Birmingham, Britain’s second-largest city by population, is seeing a surge in interest from Hong Kong and mainland Chinese investors
https://www.scmp.com/property/article/2159516/uks-birmingham-stealing-hearts-chinese-property-investors

Shut It Down Already (original)
Guest
Shut It Down Already (original)

“….said agency and consultancy Savills’ Hong Kong director, Gavin She, whose team sold around 100 UK flats last year.”

100 apartments in a country of 60 million is apparently enough to give this saleman a voice?

kabloona
Member
kabloona

Everybody wants to emigrate and live in Birmingham…..

😉

Lost...but not Leased
Guest
Lost...but not Leased

Rothschilds evil villain lair (aka City ..err ..Shitty of London) has long been the puppettsmaster- baiter of GOVTS

Stock Market is cra$hing…..

Maybe review Rothschilds classic play in 1700s re: War….. Battle of Waterloo and shorting the stock market with inside info.

kabloona
Member
kabloona

Yikes!

“Edmonton homeowner fears ant infestation could leave her bankrupt”

https://www.cbc.ca/news/canada/edmonton/ant-infestation-edmonton-1.4786153

“An Edmonton woman fears she could go bankrupt less than two years after buying her first home, which passed inspection but has been plagued by water damage and a massive infestation of carpenter ants….”

Best place on meth
Member
Best place on meth

Meh, I’ve seen far worse vermin infestations.

kabloona
Member
kabloona

“Andrew Weaver wants B.C. to follow New Zealand ban on foreign homebuyers”

https://www.cbc.ca/news/canada/british-columbia/bc-foreign-homebuyers-1.4787079

“…Andrew Weaver repeated his call on Wednesday for B.C. to ban foreign homebuyers instead of taxing them as the province does now.

“We know what the problem is. We know the source of the problem,” Weaver said. “There’s been a lot of offshore money flowing into Metro Vancouver … what that has done is driven up speculation.

“It isn’t like we haven’t seen this coming, but what it requires is bold leadership and strong public policy.”

patriotz
Member

During the election Weaver campaigned for an expanded FBT rather than a ban. To my knowledge he has not explained his change in position.

https://www.bcgreens.ca/affordable_homes

kabloona
Member
kabloona

He’s probably going the “Full New Zealand” just to put pressure on the NDP….no political downside for the Green Party.

Lost...but not Leased
Guest
Lost...but not Leased

The #SHTF economy is in our midst..

NDP whackos and Greens will turn BC into a 3rd..err…4th..,err 5th world economy….tick tock tick tock

If you cant see the writing on the wall…

Laibach
Member
Laibach

What that has to do with banning the foreign homebuyers? Shouldn’t that launder and park shitshow stop for once?

Best place on meth
Member
Best place on meth

An economy that runs on laundered money from offshore criminals is 3rd world.

Oracle
Guest
Oracle

They need to attack foreign money and hoarding homes and closing loopholes related to FBT ( students, presales, work permits etc).

Foreign buyers only 1% of market this year so far. And Weaver wants to stop only this????

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Another idiot who chooses to ignore the data in an attempt to appeal to the terminally stupid.

All the government needs to do is explain that high prices are not a good thing, that reeent buyers are going to be fucked, and that you’re a fool if you equate a house with a retirement plan. But they won’t.

Best place on meth
Member
Best place on meth

The best way to provide an intelligent rebuttal is to call your opponent “idiot”, “stupid”, and “fool” all in one post.

….original aids….

Shut It Down Already (original)
Guest
Shut It Down Already (original)

I only called him an idiot and stupid. The fools are the ones who believe that a house is going to be useful to them when they need income.

An equally intelligent rebuttal is to choose a childish name for your opponent. Fucking hypocrite. No wonder you’re unemployable.

Hyper-mega-Bull
Member
Hyper-mega-Bull
Laibach
Member
Laibach

Logical, what else they should do? To train for Mozambique strikes?

kabloona
Member
kabloona

I laughed when I saw they had “one” operational aircraft carrier… (One too many…)

Anyone attacking US territory should make sure his affairs are in order before hand…start with an up-to-date last will and testament.

#suicide_mission 🙂

Hyper-mega-Bull
Member
Hyper-mega-Bull

exactly, they should train for attacks targets they are likely to attack.

that’s the point.

Best place on meth
Member
Best place on meth

They can train all they want, they would never have the guts to attack the US, even in their own backyard.

I’d love to see them try though.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Appearing to be tough is all that matters in the minds of Neanderthals with a severe Napoleon complex.

Oh. I forgot. You’re 5’11-and-half.

Best place on meth
Member
Best place on meth

It’s clear who you side with, asshole.

You have me confused with someone else.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Um, yeah, I must have confused you with that other tough guy armchair general here who apparently spends much of his time fantasizing about a US-China war.

Best place on meth
Member
Best place on meth

No, creep.

Where you get that height from is beyond me.

And why would you even care about someone’s height?

Disgusting freak.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

You’ve never been the brightest, have you?

Oracle
Guest
Oracle

USA needs to defeat China. They have no choice. China would do the same.

It’s either the British way of life going forward or the Asian way of life.

If I were you, I’d prepare an exit strategy.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

So housing isn’t the only thing you’re clueless about? Good, good.

patriotz
Member

“Chinese bombers likely training for US strikes:”

You train to attack the country (or countries) that’s most likely to attach you. That’s called deterrence.

bullwhip29
Guest
bullwhip29
Lost...but not Leased
Guest
Lost...but not Leased

Duly noted is previous posts have a distinct YELLOW background tinge…………..

Hmmmmm

Lost...but not Leased
Guest
Lost...but not Leased

Simply explained as SIDAs CONncubines .

…LGBQT or otherwise

Oracle
Guest
Oracle

My Gawd…..

Where is the diversity?

Best place on meth
Member
Best place on meth

Plenty of diversity.

Peking, Shanghai, HK, Shenzen all represented in that mob.

Best place on meth
Member
Best place on meth

ICBC will be tallying up the parking lot carnage well into 2019.

Oracle
Guest
Oracle

https://mobile.reuters.com/article/amp/idUSKBN1L12MC

War is coming folks. Let’s remain vigilant against Chinese sabotage here. Pentagon is preparing.

Laibach
Member
Laibach

Even with all lunacy on both sides, there is no any rational to get that war. To oust locust from Vancouver and bring housing prices down we’ll need other stuff.

https://www.cnbc.com/2018/08/17/pentagon-says-its-postponing-trumps-military-parade.html

kabloona
Member
kabloona

Man, I was really looking forward to that damn Parade….

🙁

Lost...but not Leased
Guest
Lost...but not Leased

Pay Raid

U mean whereby participants 4 Ward momentum may be stifled via LeapFrpg event

Best place on meth
Member
Best place on meth

Ok, you’re losing everyone now – not just the simpletons like AIDS.

Lost...but not Leased
Guest
Lost...but not Leased

OMG……

Of all VCI posters..

……..WTF

Best place on meth
Member
Best place on meth

Also, chatspeak is unacceptable for anyone over 12.

paulb
Member
Active Member

New
131
Price Change
75
Sold
78
TI:12747

http://www.clivestevepaul.com

Screwed
Guest
Screwed

The inventory is decreasing .((

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Shocking.

Best place on meth
Member
Best place on meth

The drop in sales compared to the same month last year keeps widening.

Aug down 34%
July down 33%
June down 32%
May down 29%
April down down 30%
March down 22%
Feb down 9%
Jan up 9%

Oracle
Guest
Oracle

0.61% sold to inventory ratio.

Stable.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Two data points and you’re already drawing conclusions. Sweet.

Best place on meth
Member
Best place on meth

The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact.

https://pilotonline.com/business/consumer/article_599976db-fea0-540a-a95b-6e3e924fc1a0.html

There won’t be a deal with Canada, not with embarrassing and annoying Turd and Freeland yapping away.

Oracle
Guest
Oracle

Deal with Mexico will be done within a week.

Canada going to get hit hard. HopefullyTrudeau and his backroom power brokers get the knockout punch and are driven out.

Oracle
Guest
Oracle

I urge everyone to write here to the agricultural minister Popham to enact house size limits on agricultural lands immediately. Say 4000sq feet max.

Lets see how hard the speculators are hit when no one buys the 5 acre parcel to build a monster home.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Not very hard. How many of those must there be in comparison to, say, 1- and 2-bed condos?

Oracle
Guest
Oracle

Doesnt matter. It affects the price for ALR land.

Lost...but not Leased
Guest
Lost...but not Leased

You are sucked in….
The ALR’s existence has a big impact on affordability.

ALR house size is convenient deflection…as election rolls around.

Like Victoria mayor and Sir John A McDonald statue….just stupid mind candy issue.

Do some homework….ALR land has been out of reach to new farmers since 1970’s….due to market forces….pre mega-house.

Screwed
Guest
Screwed

https://business.financialpost.com/news/economy/newsalert-consumer-price-index-up-3-per-cent-in-july-from-year-earlier-2?utm_campaign=magnet&utm_source=article_page&utm_medium=related_articles
The Canadian dollar jumped on the report, gaining 0.7 per cent to $1.3070 per U.S. dollar at 8:52 a.m. in Toronto trading. Yields on Canadian government two-year bonds rose to 2.12 per cent, from 2.08 per cent Thursday.

The faster-than-expected gains will test Bank of Canada Governor Stephen Poloz’s resolve to raise interest rates gradually over the next year to avoid a disruption to the economy. The result put inflation at the upper end of the Bank of Canada’s target range of one to three per cent.

Screwed
Guest
Screwed

No more rate hikes???

Dave
Member

US rate hikes are coming. Canada can only lag that so much and still keep the dollar. With this inflation report, it shows that the BOC will have to keep raising.

I think inflation is going to continue at the high end of the range. I think the effect of inflated real estate has only just started creeping into pricing. The cost of living in our major cities is going up. $10 coffee soon. $2 gas. Higher car insurance. Higher taxes. We need a recession to balance all this out.