Housing 'bubble' in Vancouver
#76
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
I just think you have to move away, otherwise nothing will change. As mentioned before, the UK might be an option for you. The great thing now is that you know what you want and that seems to be a house with garden if I'm right? Ok I'm in Ireland, but most people I know don't earn more than €30K and they all have a house (owned/rented), go on holiday 2-3 times a year. I'm sure there are plenty of locations like that in the UK too, so I would really consider a move now.
Seem's I am not alone in low life satisfaction in this region.
Vancouver ranks lowest in Statistics Canada's life satisfaction survey - British Columbia - CBC News
#77
Re: Housing 'bubble' in Vancouver
I just think you have to move away, otherwise nothing will change. As mentioned before, the UK might be an option for you. The great thing now is that you know what you want and that seems to be a house with garden if I'm right? Ok I'm in Ireland, but most people I know don't earn more than €30K and they all have a house (owned/rented), go on holiday 2-3 times a year. I'm sure there are plenty of locations like that in the UK too, so I would really consider a move now.
#78
Forum Regular
Joined: Jan 2014
Location: Vancouver, Formerly Toronto and Edinburgh
Posts: 96
Re: Housing 'bubble' in Vancouver
Jsmth321 is a perfect example of what is currently wrong with Canada, UK, US and pretty much every other Western country.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
#79
Re: Housing 'bubble' in Vancouver
Jsmth321 is a perfect example of what is currently wrong with Canada, UK, US and pretty much every other Western country.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
#81
Re: Housing 'bubble' in Vancouver
Jsmth321 is a perfect example of what is currently wrong with Canada, UK, US and pretty much every other Western country.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
#82
Re: Housing 'bubble' in Vancouver
An enlightened society would prefer that someone obtain support from society rather than providing it themselves? Who knew?
Don't forget, we are talking here about someone that chooses not to work and seek benefits rather than working for the same "financial gain" as would be provided by benefits, not somebody that is incapable of working for whatever reason.
What such enlightened society exists in this world?
Don't forget, we are talking here about someone that chooses not to work and seek benefits rather than working for the same "financial gain" as would be provided by benefits, not somebody that is incapable of working for whatever reason.
What such enlightened society exists in this world?
#83
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: Housing 'bubble' in Vancouver
Jsmth321 is a perfect example of what is currently wrong with Canada, UK, US and pretty much every other Western country.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
Him and his partner's income combined is $40-60k. It's ridiculously low (if they're both FTE). I'm a 28-year old guy on an IEC and I on my own earn a decent amount more than that and I'm not even qualified in my field yet. The inequality in pay between sectors is ridiculous, proper race to the bottom stuff.
JSmth321 is part of the new working class, the group of people who'll never be paid enough to afford a home. Heaven forbid if you ever have a child or have to pay for your healthcare (give the UK another 5-10 years, NHS can only hold so much water before it breaks).
And people wonder why the UK has such a benefit "problem". If it was the UK, JSmth321 would be better off living on benefits than working at that salary!
Hopefully the Washington $15/hour trial starts something larger.
#85
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
2015 is looking up, I figure we will take home 35-40k when the year is over.
Won't buy a home, but certainly helps remove some strain off us compared to 2013 and 2014.
We can keep that status quo, but increasing it will be difficult, in my industry I am about at the top of the pay scale, and lacking a degree prevents me from moving up within the industry any higher, as does not being able to do sales, which would be the next point in a hotel career from where I am currently.
Ideally, we would like to make 30-35 a year each, with a combined income of 70k after taxes.
Need to make around 25-26 per hour each, and currently that is not doable on our education level.
School is in the works, (attempt is) so depending on how that goes, things may change.
One of the biggest reasons I was looking at psychiatric nursing aside from having a great deal of interest in the subject, was the pay is high to start, and they hire casual which would give me the flexibility I need to deal with the other things I have to deal with that makes a 9-5 M-F job difficult.
I don't work the weird hours I do for fun, it's from necessity so I can attend to health appointments and programs that I take throughout the year.
I am looking into a few different short term programs at BCIT in business related stuff, the stats look promising, but I haven't a clue what kind of jobs one does with those types of programs...lol
Everything is a work in progress, and while school wasn't an option up until this year, I'll give it another go by focusing on short term programs that give me at least some additional skills.
Right now I am just a data person, I just audit the day's data to make sure it's correct, put it into an excel sheet so the accountants have what they need in front of them and don't have to deal with the nonsense data that nobody needs or want's.
85% of the time it's simple, 15% of the time you want to pull out your hair.
Mind you this is a small property, larger the property the more difficult things become, but oddly the pay doesn't typically go up as the job becomes harder with larger properties.
Won't buy a home, but certainly helps remove some strain off us compared to 2013 and 2014.
We can keep that status quo, but increasing it will be difficult, in my industry I am about at the top of the pay scale, and lacking a degree prevents me from moving up within the industry any higher, as does not being able to do sales, which would be the next point in a hotel career from where I am currently.
Ideally, we would like to make 30-35 a year each, with a combined income of 70k after taxes.
Need to make around 25-26 per hour each, and currently that is not doable on our education level.
School is in the works, (attempt is) so depending on how that goes, things may change.
One of the biggest reasons I was looking at psychiatric nursing aside from having a great deal of interest in the subject, was the pay is high to start, and they hire casual which would give me the flexibility I need to deal with the other things I have to deal with that makes a 9-5 M-F job difficult.
I don't work the weird hours I do for fun, it's from necessity so I can attend to health appointments and programs that I take throughout the year.
I am looking into a few different short term programs at BCIT in business related stuff, the stats look promising, but I haven't a clue what kind of jobs one does with those types of programs...lol
Everything is a work in progress, and while school wasn't an option up until this year, I'll give it another go by focusing on short term programs that give me at least some additional skills.
Right now I am just a data person, I just audit the day's data to make sure it's correct, put it into an excel sheet so the accountants have what they need in front of them and don't have to deal with the nonsense data that nobody needs or want's.
85% of the time it's simple, 15% of the time you want to pull out your hair.
Mind you this is a small property, larger the property the more difficult things become, but oddly the pay doesn't typically go up as the job becomes harder with larger properties.
#86
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: Housing 'bubble' in Vancouver
2015 is looking up, I figure we will take home 35-40k when the year is over.
Won't buy a home, but certainly helps remove some strain off us compared to 2013 and 2014.
We can keep that status quo, but increasing it will be difficult, in my industry I am about at the top of the pay scale, and lacking a degree prevents me from moving up within the industry any higher, as does not being able to do sales, which would be the next point in a hotel career from where I am currently.
Ideally, we would like to make 30-35 a year each, with a combined income of 70k after taxes.
Need to make around 25-26 per hour each, and currently that is not doable on our education level.
School is in the works, (attempt is) so depending on how that goes, things may change.
One of the biggest reasons I was looking at psychiatric nursing aside from having a great deal of interest in the subject, was the pay is high to start, and they hire casual which would give me the flexibility I need to deal with the other things I have to deal with that makes a 9-5 M-F job difficult.
I don't work the weird hours I do for fun, it's from necessity so I can attend to health appointments and programs that I take throughout the year.
I am looking into a few different short term programs at BCIT in business related stuff, the stats look promising, but I haven't a clue what kind of jobs one does with those types of programs...lol
Everything is a work in progress, and while school wasn't an option up until this year, I'll give it another go by focusing on short term programs that give me at least some additional skills.
Right now I am just a data person, I just audit the day's data to make sure it's correct, put it into an excel sheet so the accountants have what they need in front of them and don't have to deal with the nonsense data that nobody needs or want's.
85% of the time it's simple, 15% of the time you want to pull out your hair.
Mind you this is a small property, larger the property the more difficult things become, but oddly the pay doesn't typically go up as the job becomes harder with larger properties.
Won't buy a home, but certainly helps remove some strain off us compared to 2013 and 2014.
We can keep that status quo, but increasing it will be difficult, in my industry I am about at the top of the pay scale, and lacking a degree prevents me from moving up within the industry any higher, as does not being able to do sales, which would be the next point in a hotel career from where I am currently.
Ideally, we would like to make 30-35 a year each, with a combined income of 70k after taxes.
Need to make around 25-26 per hour each, and currently that is not doable on our education level.
School is in the works, (attempt is) so depending on how that goes, things may change.
One of the biggest reasons I was looking at psychiatric nursing aside from having a great deal of interest in the subject, was the pay is high to start, and they hire casual which would give me the flexibility I need to deal with the other things I have to deal with that makes a 9-5 M-F job difficult.
I don't work the weird hours I do for fun, it's from necessity so I can attend to health appointments and programs that I take throughout the year.
I am looking into a few different short term programs at BCIT in business related stuff, the stats look promising, but I haven't a clue what kind of jobs one does with those types of programs...lol
Everything is a work in progress, and while school wasn't an option up until this year, I'll give it another go by focusing on short term programs that give me at least some additional skills.
Right now I am just a data person, I just audit the day's data to make sure it's correct, put it into an excel sheet so the accountants have what they need in front of them and don't have to deal with the nonsense data that nobody needs or want's.
85% of the time it's simple, 15% of the time you want to pull out your hair.
Mind you this is a small property, larger the property the more difficult things become, but oddly the pay doesn't typically go up as the job becomes harder with larger properties.
#87
Re: Housing 'bubble' in Vancouver
The key is to buy when prices are cheap and in an area that's generally affordable, then you wouldn't be bothered what job you do. I'm also doing admin stuff and it probably won't be exciting for many people, but who cares. I work with a few people who studied something and they can't get a job in their field, so they always moan about the job and everything else. They'll eventually move to a bigger city with higher housing costs. My passion is gardening and I know I can afford my home with a low paid job, so I'm really not bothered. If I can get a better job would be a benefit, but I'm not under pressure.
#89
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
But if housing falls that much, the economy is likely in the dumps and a complete mess. Just have to look to what happened in the US in many regions when their bubble burst.
Moving is easier said then done, requires a lot of funds and may not lead to anything, but without the large funds needed to move, it's hard to do which is our problem.
We are open to moving, we just lack the funding at the moment, and since we have a lease, we can't just up and move, we can't only move on January 31st when the lease expires, or we renew for another year and wait it out again.
Suppose we could break the lease, but that would open up financial consequences that would hinder us potentially for 7 years.
As we would be moving without employment in the new place most likely, we won't do it unless we have a minimum of 6 months living costs saved.
Long term moving is an option, short term we have to wait it out where we are.
#90
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: Housing 'bubble' in Vancouver
Vancouver, well all of the lower mainland will probably never see low prices again. Prices may go down, but with an average of 1 million now, even a 50% drop is still not affordable.
But if housing falls that much, the economy is likely in the dumps and a complete mess. Just have to look to what happened in the US in many regions when their bubble burst.
Moving is easier said then done, requires a lot of funds and may not lead to anything, but without the large funds needed to move, it's hard to do which is our problem.
We are open to moving, we just lack the funding at the moment, and since we have a lease, we can't just up and move, we can't only move on January 31st when the lease expires, or we renew for another year and wait it out again.
Suppose we could break the lease, but that would open up financial consequences that would hinder us potentially for 7 years.
As we would be moving without employment in the new place most likely, we won't do it unless we have a minimum of 6 months living costs saved.
Long term moving is an option, short term we have to wait it out where we are.
But if housing falls that much, the economy is likely in the dumps and a complete mess. Just have to look to what happened in the US in many regions when their bubble burst.
Moving is easier said then done, requires a lot of funds and may not lead to anything, but without the large funds needed to move, it's hard to do which is our problem.
We are open to moving, we just lack the funding at the moment, and since we have a lease, we can't just up and move, we can't only move on January 31st when the lease expires, or we renew for another year and wait it out again.
Suppose we could break the lease, but that would open up financial consequences that would hinder us potentially for 7 years.
As we would be moving without employment in the new place most likely, we won't do it unless we have a minimum of 6 months living costs saved.
Long term moving is an option, short term we have to wait it out where we are.