Sounds like a bunch of sour grapes to me. I am one of the " owning class " , and I got here through a combination of hard work , good timing, and a bit of luck. I consider myself incredibly fortunate but don't feel bad about the position I am in that's for sure. I do feel sorry for people just starting out in their careers and trying to break into the market though. Definitely going to be harder for my kids than it has been for me.
it's not sour grapes at all, it's reality. as prices on the westside have risen uproariously fast that has put pressure on all home markets east of there. the people that used to be able to just afford westside properties are squeezed ouot and buying east side. those who used to buy east side are now squeezed out and possibly having to go as far out as coquitlam/poco/surrey to be able to afford a detached home.
for those who have been following the market for the past 15 or so years it's easy to see. high demande, limited supply and cash buyers willing to pay full price before the first open house or buyers willing and able to overbid are driving the market away from the often qualified buyer. when the avg price of an east side detached home is at or near $1 million there is someting seriously wrong with the vancouver r/e market. the avg salaries in metro simply do not support these sorts of home prices.
question for you, when did you get in and at what price did you buy in? would you be capable of buying the same home at it's current market value. the avg van price has DOUBLED in the past 10 years.
Luck is what happens when preparation meets opportunity ~ Seneca