um… what?
True story. Just hard work and not buying new bikes a lot means you can buy a house quick.
um… what?
True story. Just hard work and not buying new bikes a lot means you can buy a house quick.
What the fuck s wrong with living in a van down by the river?
Nothing, provided you are a motivational coach/speaker.
Looks like Christy Clark has ruined a lot of retirement dreams… ;)
A few months ago a few places around here sold within days. Now one neighbour has had no interest after six weeks on the market. The article "feels" accurate.
It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp
Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells
Yet there is still a huge need for more housing….
https://list.juwai.com/news/2016/08/3-reasons-why-calgary-is-on-the-rise-for-chinese-buyers
Shit, now we are gonna get flooded by Albertans cashing out. Thats not what we wanted!!! We need a tax on beef!!!
(No, don't do that Christie, I'm kidding)
Looks like Christy Clark has ruined a lot of retirement dreams… ;)
A few months ago a few places around here sold within days. Now one neighbour has had no interest after six weeks on the market. The article "feels" accurate.
so what you're telling me is that housing has been massively over'valued' by foreign money and now people aren't getting what they think they're owed within days of listing? oh I feel so bad!
so what you're telling me is that housing has been massively over'valued' by foreign money and now people aren't getting what they think they're owed within days of listing? oh I feel so bad!
Yes. The whole point of buying property is to invest your money into something to make a profit, if it wasn't then everyone would just rent. Those of us that did buy want to get as much for our investment as possible. Pretty simple really.
To me, the profit comes from not having to rent forever once its paid off. That's easier to do with lower valuations.
Yes. The whole point of buying property is to invest your money into something to make a profit, if it wasn't then everyone would just rent. Those of us that did buy want to get as much for our investment as possible. Pretty simple really.
I thought the point of buying property was to have a home? Secure ones shelter needs? Establish roots in an area…
Why slag free swag?:rolleyes:
ummm, as your doctor i recommend against riding with a scaphoid fracture.
I thought the point of buying property was to have a home? Secure ones shelter needs? Establish roots in an area…
With the expectation that said home would increase in value.
Sure you could buy a home for $100,000 and set up roots etc. When you sell that home in your retirement years for $100,000 how will your remaining years be? That 100k will be worth nothing and who knows what you'll have in Rrsps. The fact is real Estate has always been the #1 way to build on your future.
With the expectation that said home would increase in value.
Sure you could buy a home for $100,000 and set up roots etc. When you sell that home in your retirement years for $100,000 how will your remaining years be? That 100k will be worth nothing and who knows what you'll have in Rrsps. The fact is real Estate has always been the #1 way to build on your future.
Ladies and gentlemen, the real source of the problem here.
Alternatively, you could, you know, save/invest the money that you're not paying out in rent/mortgage payments once it's paid off, and live off the returns and capital from that. But, you know, more growth, more stuff, CONSUME.
Anyone getting upset that their expectations that the recent surges in house values might not prove to be sustainable only has themselves to blame.
Ladies and gentlemen, the real source of the problem here.
Alternatively, you could, you know, save/invest the money that you're not paying out in rent/mortgage payments once it's paid off, and live off the returns and capital from that. But, you know, more growth, more stuff, CONSUME.
Anyone getting upset that their expectations that the recent surges in house values might not prove to be sustainable only has themselves to blame.
I agree with your statement about people have themselves to blame thinking this growth is sustainable. That being said you can't fault people for trying to build on their retirement by jumping on this train only to have their own govt derail their plans with the new tax. It is a disappointment.
I guess my whole point about what's going on is that these crazy prices are only a few years old (albeit Vancouver has always been expensive). If the market were to crash tomorrow I highly doubt the people bitching about the prices today and saying they can't afford to buy would actually buy. I feel like people are using foreign investment as a crutch to excuse their own bad decision years ago.
I'm 36 years old and I've been driving shit vehicles and working a shit job (by shit I mean not a bike shop or something fun) since my teens. Buying property was my #1 since leaving high school. I made sacrifices in my life to buy a house when my friends were all financing vehicles they couldn't afford and buying top end bikes for cost while working for $10 an hour at a bike shop. They all thought they all had infinite time to get into the market and now look what happened. So because I worked my ass off and gave up on so many luxuries in my 20s I'm not allowed to be happy that my investment is going up? I'm sorry but that's bullshit. I understand there's exceptions to this but I don't ever remember a time when a first time buyer could buy a detached home anywhere near vancouver. It's always been on the pricier side of things. Now instead of being just outside of attainable it's now very unattainable. Either way, first time buyers couldn't buy.
True story. Just hard work and not buying new bikes a lot means you can buy a house quick.
Its too late baby
But if you worked hard and kept the money you spent on all those new bikes 15-20 years ago you would already have a house and you could be just as smug as me
edit: BTW I paid for the right TO be smug with restraint and sacrifice, I duno what happened to all them purple anodized parts you spent the $$$$ on
. I understand there's exceptions to this but I don't ever remember a time when a first time buyer could buy a detached home anywhere near vancouver. It's always been on the pricier side of things. Now instead of being just outside of attainable it's now very unattainable. Either way, first time buyers couldn't buy.
you are just not old enough
For the grad class of 75 the buds would act like idiots drinking smokin partying hard working/quiting jobs, UIC ski team, eventualy become responsible enough to buy a new transam or Z/28, if they didn't crash it become even more responsible and sell the car for a down payment on a house in north burnaby or coquitlam
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