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Old May 13th 2015 | 9:06 am
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Default Re: Vancouver Property Petitition

Originally Posted by scilly
We also came here in the late 1960s, and rented for 4 years before buying ............ but that was because I had to get my head around buying a house built of wood. My initial thinking was that a wood house would not last, unlike the brick and stone houses that I lived in in the UK.

But we had the opposite experience ........... we found lots of very affordable houses.

Of course, there were some that I loved and could not afford .......... in Old Shaughnessy

The one we bought was a 2 bedroom house and cost us $27,000, but was by no means the cheapest of ones we looked at.

We put in an offer on another one for $24,000, which was about $1,000 below the asking price, but were turned down because the owner (a widow) wanted to take the stove with her and we wanted her to leave it. She actually ended up selling it for $23,000 about 5 months later ......... we had friends who lived very close by and found that out.

Houses on the east side were selling for $15,000 and less at the same time but we wanted to be on the west side.

We ruled out Richmond and other 'burbs ....... I have never driven and so we needed to be where there was a more reliable bus service so I could be independent. The bus services into Vancouver from most of the suburbs was abysmal back in the day!

Three years after buying, we had a child and thought we might buy a larger house.

That was where we hit the "financial" barrier ........ houses we could afford were in areas we didn't want to live for whatever reason. Then we realised that we really like the neighbourhood, the neighbours, and its ease of access to all part of Vancouver. So, we re-mortgaged the house and added an addition which cost us $50,000.

We're still living in that same house, with many of the same neighbours!

Seems to be less common thing these days as well, people staying in the same neighbourhood long term, and more in condos means harder to socialize and know your neighbours.

Other then passing someone in the stairway or parking lot, you never meet neighbours for the most part in apartments and condos.
 
Old May 13th 2015 | 9:16 am
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Default Re: Vancouver Property Petitition

Originally Posted by scilly
Certainly it has been true that for several generations, every generation has done better and owned more than their parents.

The generation that is now in the 25-35 range is the first generation that is not expected to do that.

I can it's true for us, no way we will ever have what our parents had, same with my sisters, and cousins and a lot of people I have worked with.

When my dad was my age he was comfortably set income wise, same with my mom. Thinking back that was only 21 years ago, he was bringing high 50's, now he is close to 6 figures.

Even if I went to work where he does and started in the same place, it would be impossible for me to get to where he is.

Same with my wife's mom. She owned a business in town up until retirement in the late 90's and did pretty good.

No way we could retire in our 50's, we will be lucky if we can stop working in our 70's, as long as we can physically work, we will likely have to.

My dad is the last generation at his employer with a retirement, get hired now, and you get nothing, they stopped offering retirement in the mid 90's for new hires.

Best you can get now is a 401k.
 
Old May 13th 2015 | 9:24 am
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Default Re: Vancouver Property Petitition

Originally Posted by Jsmth321
Seems to be less common thing these days as well, people staying in the same neighbourhood long term, and more in condos means harder to socialize and know your neighbours.

Other then passing someone in the stairway or parking lot, you never meet neighbours for the most part in apartments and condos.


It depends where you live .......we have loads of friends who have lived in the same house for 30 or 40 years, or more. And they have many of the same neighbours, or ones who moved in 20 or so years ago.

Some areas in Vancouver are very stable as regards people moving in and moving on quickly ......... they're often called "flippers" . And these neighbourhoods are remaining zoned as single family homes, as has happened with where we live.


The problem that does come from having a stable population is that we grow older, and we no longer have children ............ so the neighbourhood schools are under-populated. There was a big story on that in this morning's Vancouver Sun .....

Many Vancouver schools just three-quarters full

I'm willing to bet that the Education Minister will be pressing for some of those schools be closed, and the buildings sold ............. which bodes ill for the next generation of families who move into the area as we older ones have to sell. That next generation of folk will have children who need schools!
 
Old May 13th 2015 | 12:45 pm
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Default Re: Vancouver Property Petitition

Originally Posted by ExKiwilass


Condos are fine. For some reason there's a lot of negativity on this board about them, but compared to renting you have far more security of tenure,and that's just for starters..

Yes that is true.

But I can't see them going up in value. I work in commercial construction. So I see a lot of towers going up as I'm working on them.

The site I'm on now has 6 towers going up. Across the road is another big site with 6 towers going up. There is a big chunk of land to be developed which is owned by the same developer next to the 6 towers going up on the site I'm on.

There is also other 4 big plots with sand piled up on them to be turned In to more towers close by.

I've been told that the developers are going to build a new sky train station between Aberdeen and Bridgeport stations to cope with all theses towers going up.

Also just up the road is all the towers going up next to Marine Drive sky train station, the South Cambie construction.

The boom hasn't taken off yet imo.

Some trades are already struggling to get the man power to do the work. The firm I'm with is on another site down the road with a load of apartments going up, they can't get the guys in to do the work as there falling behind.

Last edited by MrHyperPants; May 13th 2015 at 1:07 pm.
 
Old May 13th 2015 | 1:24 pm
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Default Re: Vancouver Property Petitition

Ah, so you're working in Richmond then.

I'm just struck by the irony of people complaining about condos because the prices are not as insane as houses - isn't that a good thing, a sign the market is working? That means there are plenty of affordable options that aren't out of reach. And before Jsmith comes back and lists all the reasons why that won't work for him in his particular situation (you know it's true Jsmith ) all I will say is that again, not all condos or stratas are bad, not all have ridiculous rules, some of them have amazing amenities, great locations, etc etc. Do your homework and if you buy somewhere you really want to live, then you don't have to worry what prices do, and meanwhile you're quietly paying off a mortgage and creating equity and one day you'll be free of that mortgage.
 
Old May 13th 2015 | 10:31 pm
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Default Re: Vancouver Property Petitition

Originally Posted by ExKiwilass
Ah, so you're working in Richmond then.

I'm just struck by the irony of people complaining about condos because the prices are not as insane as houses - isn't that a good thing, a sign the market is working? That means there are plenty of affordable options that aren't out of reach. And before Jsmith comes back and lists all the reasons why that won't work for him in his particular situation (you know it's true Jsmith ) all I will say is that again, not all condos or stratas are bad, not all have ridiculous rules, some of them have amazing amenities, great locations, etc etc. Do your homework and if you buy somewhere you really want to live, then you don't have to worry what prices do, and meanwhile you're quietly paying off a mortgage and creating equity and one day you'll be free of that mortgage.

You made valid points to sway my view a bit on the topic.
 
Old May 14th 2015 | 7:02 am
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Default Re: Vancouver Property Petitition

Originally Posted by MrHyperPants
The boom hasn't taken off yet imo.
 
Old May 14th 2015 | 7:03 am
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Default Re: Vancouver Property Petitition

My other thread was not approved, but here it is:

Christy Clark does NOT want house prices to go down in Vancouver
 
Old May 14th 2015 | 7:44 am
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Default Re: Vancouver Property Petitition

of course she doesn't!

just as she doesn't want to fund education or health services as they should be.
 
Old May 14th 2015 | 7:57 am
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Default Re: Vancouver Property Petitition

Originally Posted by scilly
of course she doesn't!

just as she doesn't want to fund education or health services as they should be.
Voters had their chance, they chose to keep her. I just feel bad for those who voted not to keep her, but tis life in a majority* rules system.


* of those who voted, not entire population.
 
Old May 14th 2015 | 9:23 am
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Default Re: Vancouver Property Petitition

Originally Posted by Jsmth321
Voters had their chance, they chose to keep her. I just feel bad for those who voted not to keep her, but tis life in a majority* rules system.


* of those who voted, not entire population.

I know, I know


I just wish I could meet someone, anyone, who voted for her


Everyone always says they did not vote for that party

I know that I definitely didn't
 
Old May 14th 2015 | 11:43 am
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Default Re: Vancouver Property Petitition

Originally Posted by scilly
of course she doesn't!

just as she doesn't want to fund education or health services as they should be.
Good grief, what an awful polly. WHO voted for her then?

Just saw this on another forum:

Top 10 Reasons B.C. Needs A New Government | Sarah Miller
 
Old May 14th 2015 | 12:31 pm
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Default Re: Vancouver Property Petitition

Originally Posted by JuneSpring
Good grief, what an awful polly. WHO voted for her then?

Just saw this on another forum:

Top 10 Reasons B.C. Needs A New Government | Sarah Miller

well, that's pretty accurate!!

as to who voted for her???

I assume you are a relatively recent arrival in BC, and so are not used to the weird politics here?

In my opinion .......

First .......... those who were seduced by her plastic grin, never leaves her face

Second ....... those who were seduced by her assurance that we would build at least 16 LNG ports and be delivering the gas to overseas markets and bringing in billions in profits in 5 years .......... when we didn't even have the LNG plants producing that amount of LNG and not one LNG port had even got beyond the proposal stage.

Third ........ those who were seduced by other similar preposterous economic plans

Fourth ........ those who believed the attack ads on the NDP, approved by the "nice" Christie who, of course, had nothing to do with them

Fifth ........ those BC'ers of long time standing who have always been led to believe that the NDP are the "communist hordes" out to ruin the province as promulgated by good old WAC Bennett back in the 1960s ............. Google him if you to know more.

Sixth ...... somehow the NDP stumbled despite being 20 or more points ahead in the pollsfor months before and at the beginning of the campaign.


Just as a sideline ........ Christie was Minister of Education in the Gordon Campbell government and was responsible for the law that the BCTF is fighting now ..... removal of bargaining by teachers re class size and composition.

She left politics soon after that, became a Talk Show Host on radio in Vancouver, then Gordon had to resign under a bit of a cloud after lying during the election campaign, and she immediately ran as leader of the party. She was only supported by 1 back bencher, no cabinet members ........ but managed to beat 2 other more eminently suitable candidates.



We've been here since 1968, and politics has always been weird!
 
Old May 14th 2015 | 4:57 pm
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Default Re: Vancouver Property Petitition

Originally Posted by scilly
I know, I know


I just wish I could meet someone, anyone, who voted for her


Everyone always says they did not vote for that party

I know that I definitely didn't
I know a few who did simply because they don't like the NDP and they had no other viable option but the BC Liberals, so that is who they voted even though they openly admit not liking them.

But if you don't align with the NDP, and the only other option is the BC Liberals, what is a voter to do?

I am in my 11th year now and only know the BC Liberals, they have held power the entire time I've been here.
 
Old May 14th 2015 | 5:47 pm
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Default Re: Vancouver Property Petitition

Originally Posted by Jsmth321
I know a few who did simply because they don't like the NDP and they had no other viable option but the BC Liberals, so that is who they voted even though they openly admit not liking them.

But if you don't align with the NDP, and the only other option is the BC Liberals, what is a voter to do?

I am in my 11th year now and only know the BC Liberals, they have held power the entire time I've been here.


and what a mess they've made of it, IMHO



you missed the glory days of Social Credit ....... that was great fun and games.

I never voted for them, but have to admit they did somehow get things done ....... even if it was paving or widening highways in the six months before an election and never at any other time

You couldn't quite say they bought votes .......... but

Education seemed well funded, schools had good reputations. Health was well funded. Ferries ran on time, and fares were reasonable ...... they really were treated as the extension of the highway that they in fact are


But there were more idiots in government to cause entertainment than there were outside


In case you wonder .............. I would not like to go back to having Social Credit in power!!!

They were a coalition, just as the BC Liberals are a coalition.
 


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