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Search: Posts Made By: Engineer_abroad
Showing results 1 to 13 of 13
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Forum: Canada
May 17th 2016, 6:10 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

I agree with you and believe the best way to do this is for governments to build homes and then they can control who the sales are too.
Forum: Canada
May 16th 2016, 4:04 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Foreign ownership restrictions would be treating the symptom and not the cause. The market is red hot because of simple supply and demand economics. When you have less housing stock than people...
Forum: Canada
May 13th 2016, 6:55 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Especially where they can prove they have been making rent payments for a significant period which are far in excessive the mortgage payment.
Forum: Canada
May 12th 2016, 2:55 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Nice article, (especially for the Guardian :p). I agree that the common theme is that the younger generation who have bought have done mostly on the back of money given to them by the older...
Forum: Canada
May 11th 2016, 12:48 am
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Absolutely agree, but for that to work there has to be a fair and level playing field to begin with. i.e. asking an asset poorer current generation to pay more to support the current field of asset...
Forum: Canada
May 10th 2016, 10:01 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

No that's not how it works, Soicial insurance, security or what ever you want to call it is and always has been an inter-generational transfer of wealth. Your payments don't go into an indiviudla...
Forum: Canada
May 10th 2016, 9:15 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Agreed that there will always be some areas up and some down, and hence why statistics tend to use averages. Those numbers are the average UK. The London numbers are eye watering (Westminster 12x in...
Forum: Canada
May 10th 2016, 8:28 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Doesn't change the fact that the gap between average house price and average salary has grown. 6.4 times in 2002, 8.65 in 2007 and 8.78 in 2014. As long as that number goes up there is a disparity in...
Forum: Canada
May 10th 2016, 1:20 am
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

But it does drive up prices for the next generation making home ownership for people wanting homes increasingly unattainable especially in cities like Vancouver where the lack of avalible land limits...
Forum: Canada
May 9th 2016, 8:52 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

Foreign buyers crushing home dreams in Vancouver as Canada, BC do zip | Vancouver Sun...
Forum: Canada
May 9th 2016, 3:16 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

If your willingness my to look a bit further out you may have more look try Coquitlom or Maple ridge but it does depend where you will be working and how long a commute you want.

The price of a...
Forum: Canada
May 9th 2016, 2:30 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

it is hard I'm afraid with dogs. the vacancy rate is so low that landlords have their pick of tenants and you may find yourself dropping down the list. I would target rentals from the landlord...
Forum: Canada
Mar 28th 2016, 8:00 pm
Replies: 389
Views: 41,522
Posted By Engineer_abroad

Re: misery at Vancouver housing cost?

I think you have hit at a very interesting point. On moving to Van from London everyone here would say its so expensive, how are you finding it. To which I had to honestly reply its a little better...
Showing results 1 to 13 of 13


 
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