But could your friend do his job somewhere in smaller town BC? Some of us don't have that luxury, unfortunately. If so, i'd be the fuck outta here.
No, but he could rent the same condo for a fraction and pocket the difference and his standard of living would significantly improve. Less stress, move savings, more employment mobility. Those are all things that are invaluable in my books and people tend to overlook them.
I know these rent vs. ownership calculations had been discussed numerous times and I don't think it's worthwhile to rehash the same arguments but I do believe that renting always has the edge in a bubble RE environment.
Also, I am not saying Vancouver really sucks, but it does for 300K a suburban shoebox.
Pedro
Pedro does bring up some good points, but being only one R off of Pedo …. discounts much of that
"ANYONE can have the American dream…but not EVERYONE can have the American dream"
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