Vancouver's Real Estate Market

[supafamous]

Originally Posted by Traum

If that's what it comes down to when people decide whether to marry or stay with the person in a relationship, then it is really kind of sad. (And the lower income person should really have figured this out earlier and dump the other person's a$$ because he/she is just wasting each other's time).

For what it's worth though there's only been a small slice of years (maybe last 40-50 years) and a small number of countries where marrying for money wasn't a top consideration. Basically that slice of time is when a real middle class existed and income mobility was possible so that if you married down you figured it'd be fine. Wasn't long ago that a woman marrying a poor dude was mostly what we read about in romance novels and fairy tales.

With the middle class being hollowed out and cost of living going nuts I can see that someone's wealth or income becomes a top priority again.

[Tapioca]

Originally Posted by PeanutButter

Because of my job, I meet a lot of people and what I've learned is that there are a lot of good spouses still out there. Good wholesome men and women.

It's just tough for the older women because they're getting older. A 35 yo man has his pick of the 25 yo and the 45 yo. I think most men would pick the younger woman. It's hard if you're a woman, 35, and single. The dating pool is quite limited.

I agree, that the woman should bring something to the table as well. We're living in Vancouver, your partner needs to make money otherwise your life will probably be harder. For guys, there are tons of girls in the 25-45 range that make $75k+ and who are good looking that you can choose from, you just have to look for them.

I'm regularly exposed to higher earning households in terms of my personal network and through business relationships. You don't see a lot of people who are successful in life (mid-40s and younger) with partners who aren't pulling their weight professionally in these circles.

In my experience, I was fortunate to have met my wife when we were both in the same income bracket. We make roughly the same amount today, but we have moved up several income brackets since we first met. I don't think that my wife would have married me if I didn't have a good mind and didn't show ambition.

[Great68]

I've been with my wife for 22 years (Married for 14), literally our entire adult lives, since before either of us had any real money and even started our current careers. We basically built our entire future together from the ground up, so none of these conversations/considerations about "earning potential" or "equal earning" were ever a thing. As it turned out I now make more than twice her salary, but it doesn't bother me that she hasn't caught up with me. There was a time there I was going to school and not working while she was working and footing the bill for all of our dates etc.
I don't really care what she's earning, as long as she is happy doing what she is doing.

[MarkyMark]

If you're not choosing your wife based off how it fits in on your financial spreadsheet you're doing it wrong bro

[quasi]

Originally Posted by Great68

I've been with my wife for 22 years (Married for 14), literally our entire adult lives, since before either of us had any real money and even started our current careers. We basically built our entire future together from the ground up, so none of these conversations/considerations about "earning potential" or "equal earning" were ever a thing. As it turned out I now make more than twice her salary, but it doesn't bother me that she hasn't caught up with me. There was a time there I was going to school and not working while she was working and footing the bill for all of our dates etc.
I don't really care what she's earning, as long as she is happy doing what she is doing.

Same, been with my wife since 1996 she was just 18 when we got together both of us had nothing.

Today I make more than her but honestly she's been more successful than I have and has really climbed the ladder, unfortunately for her she works for the Provincial Govt. who is 20 years behind with there wages. No word of a lie we have second year apprentices making more than her with some OT and she manages a huge team of around 150 I believe, I mean she has the pension but seems pretty fucked lol.

[Great68]

Funny thing is that my wife was happy at her old job, until a series of things made it turn sour and she stopped being happy, and instead would be coming home angry.

Then an opportunity came up to get her foot in the door with BC gov, and even with lower pay than her previous job (better benefits and work hours though) I told her to go for it.
One year in, she's already made a move to a new position 4 steps higher, and making significantly more than she was after 15 years at her old job at the wood window place, with so much more opportunity from there. But the biggest thing is that she's back to coming home happy, excited even to talk about the things she's doing at her job.

[westopher]

Bringing something to the table is part of it for sure, but I'm not going to pick a total bitch who's a real estate agent pulling 6 figures over the girl who's amazing to spend time with that's a barista.
I've got an RN though who's hot and also extremely fun so life is good in that sense. That said we both make pretty good money and we are still fucking poor lol.

[Eff-1]

I think of a pension as if it's like a savings account that you're paying into now and get to withdraw from it later when you retire.

Or you work private sector, make more now, but no pension later.

Pros and cons.

[van_driver]

anyone noticing prices for detached homes and some areas for apartments going absolutely nuts last few weeks?

[JDMDreams]

That's not surprising, people see that gov can't afford to raise rates and more, prices still below the peak, if you can afford to buy why wait, when rates drop prices will continue to go up, don't forget all the illegals and legal immigrants and war refugees we're buying.

Originally Posted by van_driver

anyone noticing prices for detached homes and some areas for apartments going absolutely nuts last few weeks?

[Traum]

BoC was just saying very recently that people shouldn't expect rates to drop any time soon though, and it did consider raising rates at the last meeting.

Personally, I see no chance of rate dropping in Q2 / Q3 this year, and it is still unlikely that rates will drop in Q4. I wouldn't even be surprised to see a 25pt rate hike some time this year too, but there doesn't seem to be much room to move up at all (otherwise stuff would start breaking).

[hud 91gt]

Having a women who makes the big bucks is overrated. I told my wife not to go back to work. Nicer having someone at home, but apparently she doesn’t want to do that. ��

[Great68]

I will say that ever since the flex day, the house has never been cleaner

[PeanutButter]

Originally Posted by van_driver

anyone noticing prices for detached homes and some areas for apartments going absolutely nuts last few weeks?

I see a few realtors on a regular basis and they have said the market has picked up in the past few weeks, the sense is that people are thinking interest rates will not be rising anymore so the sentiment right now is this a good time to buy.

They said this happens a lot, people get sick of multiples and the stress of the rising interest rates, so they take a break from the market, and then once they get any hope (like the notion of interest rates to stay put, they see that as a sign), and they return to the market and it goes nuts again.

One of them who just sold a house in the newton area said he had 16 offers, with 90% of them over asking and the top one was subject free. So yeah, it seems like it's getting hot again.

[Alpine]

The latest on the new Gilmore development...

That intersection & the neighbouring towers are fucked...

https://www.reddit.com/r/vancouver/c...flooded_again/

[Gerbs]

Originally Posted by Hondaracer

Being in a relationship because your s/o makes what you deem “enough” money seems like a recipe for losing far more money in your future lol

If making more money than the other person is a consideration my wife should have dumped me a while back lol

Majority of higher earning girls these days would never date a dude making less than them. Unless they have prospect of out earning them in the future aka doctor/dentist in school, entrepreneur, early lawyer, etc.

In general, dating girls that make high income is NOT the sugar mama life you're thinking. When do you see girls buying things for guys? It's always the guy that buys the $2-5K bags for the girls, cars, trips, expensive dinners & activities. The more they make, the more they expect you to do for them. I noticed only guys who make sub $120K care about finding a girl who makes $90 - 100K+. Which makes sense, you need to do that to survive.

I’m also not advising to find a deadbeat person who no career either making $15-25 forever.

[Hondaracer]

Originally Posted by Gerbs

Majority of higher earning girls these days would never date a dude making less than them. Unless they have prospect of out earning them in the future aka doctor/dentist in school, entrepreneur, early lawyer, etc.

In general, dating girls that make high income is NOT the sugar mama life you're thinking. When do you see girls buying things for guys? It's always the guy that buys the $2-5K bags for the girls, cars, trips, expensive dinners & activities. The more they make, the more they expect you to do for them. I noticed only guys who make sub $120K care about finding a girl who makes $90 - 100K+. Which makes sense, you need to do that to survive.

I know very few “high earning” women who aren’t either married or in a very long term/permanent relationship. Whether they are doctors or business owners most people who are 30+ high earners are generally what I’d consider “normal” people following societal norms in terms of relationships and families.

The ones I do know who are making good money and single are generally realtors or mortgage brokers who are either crazy or have a bunch of baggage lol

I think generally speaking following those societal norms whether male or female goes hand in hand with high earning roles, especially in globo-corpo land. It’s probably VERY infrequent you find big VP’s and CEOs as some 40 year old single guy or even rarer a single female. In visible positions like that I think questions start to get raised behind the scenes and the image isn’t great regardless of the nature of the person

[Gerbs]

Originally Posted by Hondaracer

I know very few “high earning” women who aren’t either married or in a very long term/permanent relationship. Whether they are doctors or business owners most people who are 30+ high earners are generally what I’d consider “normal” people following societal norms in terms of relationships and families.

The ones I do know who are making good money and single are generally realtors or mortgage brokers who are either crazy or have a bunch of baggage lol

I think generally speaking following those societal norms whether male or female goes hand in hand with high earning roles, especially in globo-corpo land. It’s probably VERY infrequent you find big VP’s and CEOs as some 40 year old single guy or even rarer a single female. In visible positions like that I think questions start to get raised behind the scenes and the image isn’t great regardless of the nature of the person

The girls that I hang out (majority born here) with are 24 to 31 and are all "great" earners. 80% of them make over $60K, with 50% hovering between $60-90K, and maybe 20% of them making over $90 - 130K. This city creates an income bias because their parents have property or have done well to send their kids over seas to be educated here. 99% of these girls graduated with some sort of degree and many have 5-6+ years of grad school beyond that.

I bet you > 50% of them will be over $100-150K by the time they hit 30 - 40 from being in senior manager positions in any corporate setting.

But holy fuck, listening to them shit on dudes making $70 - 90K and how they make the same as them and they don't need no mans anymore. We're really entering a new generation of dating where both men and women are equals in earnings. So not only do we gotta be 6'4, we gotta make more, spend more, and be funny

I always step in and remind them that the guys they're talking about making $80 - 90K+ puts them in the top 15% percentile, if not top 10% if you're between 25-29.

Originally Posted by westopher

Bringing something to the table is part of it for sure, but I'm not going to pick a total bitch who's a real estate agent pulling 6 figures over the girl who's amazing to spend time with that's a barista.
I've got an RN though who's hot and also extremely fun so life is good in that sense. That said we both make pretty good money and we are still fucking poor lol.

I think men treat earnings as a minimum threshold aka girls earns $60 - 90K, cool, plus 1 point, anything below, we stay relatively neutral unless her personal finances are bad.

Girls treat dudes like
- Earn $60 - 75K - Negative 2 points
- Earn $75 - 90K - Neutral
- Earn 90 - 130K - + 1 points (Becomes Neutral when you're dating over 30)
- Earn $130 - 200K - +2 points
- Earn 200K - 500K - + 3 points
- $500K - + 4 points

With social media, men are practically invisible to women

[68style]

Originally Posted by Gerbs

In general, dating girls that make high income is NOT the sugar mama life you're thinking. When do you see girls buying things for guys? It's always the guy that buys the $2-5K bags for the girls, cars, trips, expensive dinners & activities. The more they make, the more they expect you to do for them. I noticed only guys who make sub $120K care about finding a girl who makes $90 - 100K+. Which makes sense, you need to do that to survive.

Depends how you deliver dat D

[Alpine]

Originally Posted by Gerbs

But holy fuck, listening to them shit on dudes making $70 - 90K and how they make the same as them and they don't need no mans anymore. We're really entering a new generation of dating where both men and women are equals in earnings. So not only do we gotta be 6'4, we gotta make more, spend more, and be funny

I always step in and remind them that the guys they're talking about making $80 - 90K+ puts them in the top 15% percentile, if not top 10% if you're between 25-29.



I think men treat earnings as a minimum threshold aka girls earns $60 - 90K, cool, plus 1 point, anything below, we stay relatively neutral unless her personal finances are bad.

Girls treat dudes like
- Earn $60 - 75K - Negative 2 points
- Earn $75 - 90K - Neutral
- Earn 90 - 130K - + 1 points (Becomes Neutral when you're dating over 30)
- Earn $130 - 200K - +2 points
- Earn 200K - 500K - + 3 points
- $500K - + 4 points

With social media, men are practically invisible to women

I know women like that. Aggressive, ambitious, career-driven, eggs frozen in their 20s, making great money, playing the field. Have even more stringent requirements for guys that they date (better have that GIGACHAD body in addition to everything else).

All I can say is that things start to unravel when they start nearing their 40s and having kids becomes increasingly important and all these GIGACHAD's (lol) have all moved on to a younger version of who they are.

[Hondaracer]

Honestly, at this stage in the lower mainland, If you don’t own a home and you’re one of those people making 70/80/120k and you’re turning your nose up at people, it’s kind of an lol moment

Like sure turn your nose up as people, but as we’ve been saying on the previous pages no one is envying your grind paying $2800 rent and a car lease with no savings

There’s some “younger” guys I worked with before I picture then as kids but they are all early 30’s now lol but some of these people fucking grinded in their early years and with some luck own 2-3 homes, have their own business, substantial assets etc.

Most of those people are humble af compared to some of these people who think they are kings shit making 130k as some wanna-be banker but have shit all for assets

[BIC_BAWS]

Gerbs - no wonder you haven't introduced me to your friends, I'm too broke LOOOOOOL

[SSM_DC5]

Might be looks too

[BIC_BAWS]

Originally Posted by SSM_DC5

Might be looks too

Sheesh meeting you at the track, covered in brake dust, was not the best impression eh

See you at ridge Sunday?

Edit: RE related question / on topic to current topic: If you own a place, do you think your gf/bf should be paying you rent? In my opinion, it's pretty black and white. If you were both renting and moved in together to save costs - you would still be renting and you would split 50/50. Why does it change if one partner owns it?

[MarkyMark]

Originally Posted by Gerbs

Girls treat dudes like
- Earn $60 - 75K - Negative 2 points
- Earn $75 - 90K - Neutral
- Earn 90 - 130K - + 1 points (Becomes Neutral when you're dating over 30)
- Earn $130 - 200K - +2 points
- Earn 200K - 500K - + 3 points
- $500K - + 4 points
- Broke Chad with a possible drug problem and no future that her parents will hate - + 10 points

Edited that for you