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misery at Vancouver housing cost?

misery at Vancouver housing cost?

Old Nov 30th 2015, 3:27 am
  #241  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Tootlepootle View Post
Today it was only 40!
You must have been devastated
Where are you heading off to Tootle?
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Old Nov 30th 2015, 3:33 am
  #242  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Stinkypup View Post
You must have been devastated
Where are you heading off to Tootle?
Hopefully just a few kilometres up the mountain in Coquitlam!
We bought our house in a rush, its lovely but was very much a head house rather than a heart house.
We have found a place that will accommodate the father in law if he chooses to spend longer periods of time with us. Much nicer kitchen etc.
Exciting times!
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Old Nov 30th 2015, 3:36 am
  #243  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Tootlepootle View Post
Hopefully just a few kilometres up the mountain in Coquitlam!
We bought our house in a rush, its lovely but was very much a head house rather than a heart house.
We have found a place that will accommodate the father in law if he chooses to spend longer periods of time with us. Much nicer kitchen etc.
Exciting times!
That sounds as good a reason as any.. Trouble is, will you have the same competition with your new house as maybe you will get with the old one?
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Old Nov 30th 2015, 4:22 am
  #244  
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Default Re: misery at Vancouver housing cost?

A lot of times they haven't even been doing open houses here, they sell too fast....lol..


One thing that would help bring me better mental health would be space, living in a 500sq foot box with no access to a garden or having a place to relax next to a fish pond, I can visualize how relaxing that would be....
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Old Dec 1st 2015, 6:33 am
  #245  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Stinkypup View Post
That sounds as good a reason as any.. Trouble is, will you have the same competition with your new house as maybe you will get with the old one?
different market, amazing what difference a a couple of hundred thousand makes!! We went £94000 over asking on our house and are buying £30000 under!
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Old Dec 1st 2015, 6:52 am
  #246  
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Default Re: misery at Vancouver housing cost?

Result!!!
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Old Dec 1st 2015, 3:47 pm
  #247  
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Default Re: misery at Vancouver housing cost?

I don't know if it came up already, but how do people even manage to pay property tax? I was shocked to see that property taxes are basically like a 2nd mortgage in Vancouver.
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Old Dec 1st 2015, 9:03 pm
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Default Re: misery at Vancouver housing cost?

Originally Posted by Moses2013 View Post
I don't know if it came up already, but how do people even manage to pay property tax? I was shocked to see that property taxes are basically like a 2nd mortgage in Vancouver.
Only the top income earners can own a house in Vancouver if buying today, so I imagine they probably have the money to cover the taxes....
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Old Dec 2nd 2015, 3:19 am
  #249  
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Default Re: misery at Vancouver housing cost?

Vancouver Regent Hotel tenants fight for heat, hot water - British Columbia - CBC News

Apparently residents have gone a while without hot water and heat.
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Old Dec 2nd 2015, 4:07 am
  #250  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Tootlepootle View Post
different market, amazing what difference a a couple of hundred thousand makes!! We went £94000 over asking on our house and are buying £30000 under!
You still think in £ !

Do you mean you asked 180K more than the perceived value, and got the house you want for 60K under?

What is the price range that starts to make a difference?

I have been looking and prices are insane
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Old Dec 2nd 2015, 4:08 am
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Default Re: misery at Vancouver housing cost?

Originally Posted by Jsmth321 View Post
Only the top income earners can own a house in Vancouver if buying today, so I imagine they probably have the money to cover the taxes....
Depends on what you consider Vancouver to be, outer suburbs might be cheaper although traffic is not very nice at all
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Old Dec 2nd 2015, 4:38 am
  #252  
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Default Re: misery at Vancouver housing cost?

Originally Posted by vanity View Post
Depends on what you consider Vancouver to be, outer suburbs might be cheaper although traffic is not very nice at all
I can consider Vancouver to be the City of Vancouver, if one is in Maple Ridge, or Surrey they are not in Vancouver.

It's all relative anyhow, all depends on where on the income ladder one falls, for some the burbs are affordable, to others they are just as out of reach as Vancouver.
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Old Dec 2nd 2015, 5:12 am
  #253  
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Default Re: misery at Vancouver housing cost?

Originally Posted by vanity View Post
You still think in £ !

Do you mean you asked 180K more than the perceived value, and got the house you want for 60K under?

What is the price range that starts to make a difference?

I have been looking and prices are insane
Sorry, I meant $!!! Still a whopping amount go money! We had 6 offers, all but one over asking.
No subjects, so sold in less than 7 days. Crazy prices but a very well run system unlike the UK!
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Old Dec 2nd 2015, 9:53 am
  #254  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Jsmth321 View Post
Only the top income earners can own a house in Vancouver if buying today, so I imagine they probably have the money to cover the taxes....
I doubt it's just top income earners. Maybe people just have huge mortgages and what about the people renting? If taxes are so high, landlords will just add it on to the rent.
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Old Dec 2nd 2015, 12:20 pm
  #255  
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Default Re: misery at Vancouver housing cost?

Originally Posted by Moses2013 View Post
I doubt it's just top income earners. Maybe people just have huge mortgages and what about the people renting? If taxes are so high, landlords will just add it on to the rent.
Yes, the property taxes impact everyone directly (owners) or indirectly (renters) and contribute to the high cost of housing in Vancouver. In some cases rentals can be better value (short term) as there is a practical limit to how much a landlord can charge a tenant, before that tenant decides she would be better off purchasing a cheaper property and paying the taxes.
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