REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 04-07-2016, 12:55 PM   #5601
My dinner reheated before my turbo spooled
 
Join Date: Oct 2002
Location: vancouver
Posts: 1,766
Thanked 640 Times in 242 Posts
Failed 12 Times in 9 Posts
Quote:
Originally Posted by dat_steve View Post
A close friend just purchased a house with her husband. Doubt they make 6 figures each, but probably pretty close (gross). Only way they could afford a relatively decent down payment was to take out a LOC secured by her parents' house. even then the payments are pretty huge. I'm guessing this is how a lot of people whose families aren't super well off are doing it. Makes me cringe to think of using debt to get more debt.
Ya thats not a good idea
Advertisement
VR6GTI is offline   Reply With Quote
This post thanked by:
Old 04-07-2016, 12:58 PM   #5602
OMGWTFBBQ is a common word I say everyday
 
Join Date: Apr 2001
Posts: 5,026
Thanked 2,538 Times in 1,155 Posts
Failed 81 Times in 54 Posts
Quote:
Originally Posted by 6o4__boi View Post

They could easily buy a 3-bedroom townhouse in North Vancouver or Port Moody and have everything they're accustomed to - access to the water, microbreweries, recreational trails, and green space. There would be no need to fret about not knowing your Mandarin-speaking neighbours.

It's that they don't want to give up the "Kits" lifestyle - whatever that is. I get it - 49th Parallel Roasters is pretty damn good coffee and Lucky Doughnuts are probably my favourite, but one could always buy the coffee in bags and brew it at home in one's Saeco Automatic.
Tapioca is offline   Reply With Quote
This post thanked by:
Old 04-07-2016, 01:19 PM   #5603
OMGWTFBBQ is a common word I say everyday
 
Join Date: Apr 2006
Location: Tres Ciudades
Posts: 5,407
Thanked 3,680 Times in 1,522 Posts
Failed 150 Times in 53 Posts
man, if we had $750k budget when we were buying the options would've been pretty endless

apparently to some no $750k condos/housing option in Kits = crisis
__________________
"There's a lot of dead people who had the right of way."
"Never argue with stupid people, they will drag you down to their level and beat you with experience."
"I have a lot of beliefs, and I live by none of them. They're just my beliefs, they make me feel good about who I am. But if they get in the way of a thing I want, like I wanna jack off or something, I just do that."
6o4__boi is offline   Reply With Quote
This post thanked by:
Old 04-07-2016, 01:44 PM   #5604
Willing to sell a family member for a few minutes on RS
 
westopher's Avatar
 
Join Date: Apr 2011
Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
You do have to admit that it is legitimately fucking retarded what things cost, but like you said, the examples are a bit hilarious. Like we are talking about what is legitimately the most desirable neighbourhood in the whole country.
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax View Post
Well.. I’d hate to be the first to say it, but Westopher is correct.
westopher is offline   Reply With Quote
Old 04-07-2016, 02:49 PM   #5605
What hasn't Killed me, has made me more tolerant of RS!
 
Join Date: Feb 2002
Location: Burnaby
Posts: 175
Thanked 33 Times in 16 Posts
Failed 0 Times in 0 Posts
Quote:
Originally Posted by 4444 View Post
I recall a report a couple of years ago which was either for Vancouver or BC (sorry, can't recall) stating that only 5% of workers earn >$100,000

That's slightly scary that 95% of workers (let alone those that don't work) earn less than $100,000.
Here is what I found from StatCan from 2011 and yes you are correct. Only 5%:

The top 10% of Canadians had incomes over $80,400

According to the 2011 NHS, 10% of Canadians had total incomes of more than $80,400 in 2010, almost triple the national median income of $27,800. To be in the top 5%, Canadians needed to have a total income of slightly above $102,300 and to be in the top 1% required just over $191,100, nearly seven times the national median income.

The top 10% of Canadians made an average income of $134,900, with the top 5% making one third more ($179,800) and the top 1% almost triple that amount ($381,300). Meanwhile, the bottom 90% had an average income of $28,000.

https://www12.statcan.gc.ca/nhs-enm/...1003_2-eng.cfm
Scotsman is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 12:13 AM   #5606
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by quasi View Post
In my neighborhood I swear I'm the only person within blocks that doesn't have a suite which is not helping the issue as far as density goes here. In order to afford these houses most people need the extra income to help pay there mortgage. If I had to put a suite in my house I'd downsize and move into a townhouse or a condo, no fucking way I'm dealing with that bullshit but that's just a personal decision.

My wife and I both work and make decent incomes, again no way in hell I'd take on a 700 or 800K mortgage on a million dollar home with 300 down. I guess it's the world were living in but I want no part of that crap, I'd pickup and move somewhere else before I did that. I plan to be mortgage free before 50, I hit 40 a few months ago so head down and stick to the plan.
a solid head on one's shoulders! congrats. and i'm with you, have no desire to live with basement renters (unless they were a family member)

i think the issue here is that you're 40, mature, and from a generation that is not entitled. millenials must have that brand new kitchen, hardwood floors, but don't want to work for it, so the mortgage must make up the difference. and, no, rates won't ever raise, because then they won't be able to have (afford) what they want

of course I'm generalizing, but there's no smoke without fire.
4444 is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 12:18 AM   #5607
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by Tapioca View Post
Here's the dilemma a lot of young professionals are probably facing right now. You and your partner probably make a decent amount of money, have connections (which can take years to build), and may or may not a small amount of savings or equity from a starter condo. Do you leave and take jobs in a regional centre, like Kelowna or Prince George where there's no guarantee that you'll make the equivalent salary? (one person might, but the other may not) What if you have ailing parents? Do you leave them and take flights into town every couple of months to do stuff, like take them to the doctor or cut their grass? Maybe it's worth the lower cost of living, but these are tough questions.

If you don't have citizenship or the right of abode in somewhere like the EU and cannot qualify for a TN/HB visa in the States, where else would you go in Canada? Toronto is just as bad in terms of real estate. I could fathom a place like Calgary which is at least somewhat cosmopolitan and has recreation nearby, but where else? Saskatoon? Winnipeg? Ottawa? Halifax? Sure, you could raise a family in Saskatoon, or Medicine Hat, but no one wants to retire there. As others on this forum have stated, people from Ontario dream of coming to BC.

If you're already in the market with a condo, do you cash out? Put a quarter of the proceeds into bonds and the remaining into equities and hope you obtain a return of 6-7% after taxes? Rent a basement suite for 1500/month and budget/factor in a move every 3-5 years? Or, perhaps you get on a list for co-op housing, pass the interviews, etc. and hope that a level of government continues to keep subsidizing your rent?
a very good point, only nuance i would say is I believe the toronto market (which is also bat shit crazy) has a more reasonable price to earnings ratio given incomes are that much higher in TO.

but then you'd have to live in TO. When I was looking to leave vancouver, i considered a number of places. None were in Canada as I just couldn't do the cold... i do agree with people that Vancouver has a quality of life premium, but that premium right now is on top of retardedness in housing prices in canada generally!
4444 is offline   Reply With Quote
Old 04-08-2016, 06:44 AM   #5608
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
TO prices aren't nearly as stupid as they are here. Not even close
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 04-08-2016, 08:28 AM   #5609
My homepage has been set to RS
 
Join Date: May 2002
Location: Vancouver
Posts: 2,370
Thanked 1,874 Times in 604 Posts
Failed 217 Times in 88 Posts
Quote:
Originally Posted by Scotsman View Post
Here is what I found from StatCan from 2011 and yes you are correct. Only 5%:

The top 10% of Canadians had incomes over $80,400

According to the 2011 NHS, 10% of Canadians had total incomes of more than $80,400 in 2010, almost triple the national median income of $27,800. To be in the top 5%, Canadians needed to have a total income of slightly above $102,300 and to be in the top 1% required just over $191,100, nearly seven times the national median income.

The top 10% of Canadians made an average income of $134,900, with the top 5% making one third more ($179,800) and the top 1% almost triple that amount ($381,300). Meanwhile, the bottom 90% had an average income of $28,000.



https://www12.statcan.gc.ca/nhs-enm/...1003_2-eng.cfm
That is really surprising. Since we don't have allot big corporate HQs in BC and have allot of small businesses and a ton of construction going on, my gut tells me most income is not being reported. There is no way in heck anyone could afford to live in Vancouver with that income.
__________________
16 GT3 RS
11 R8 V10
17 Long beach blue M2
86 944 Turbo with 340rwhp Lindsay Racing kit
15 991 PTS GT3
18 VW Golf R
Z3guy is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 08:33 AM   #5610
SFICC-03*
 
Join Date: Mar 2002
Location: richmond
Posts: 8,402
Thanked 2,872 Times in 1,155 Posts
Failed 153 Times in 76 Posts
well theres always dual income, so if you roughly double those numbers then mid-upper class couples and small families can afford places in the mid to upper 6 figs.
unit is offline   Reply With Quote
Old 04-08-2016, 09:21 AM   #5611
I subscribe to Revscene
 
dat_steve's Avatar
 
Join Date: Jun 2006
Location: Vancouver
Posts: 1,909
Thanked 843 Times in 365 Posts
Failed 12 Times in 9 Posts
well judging by the general tone of the posts on revscene, most members are clearing $150k net working 4 days a week, returning 30% annually on that salary day trading, and laying serious pipe down every weekend.
dat_steve is offline   Reply With Quote
Old 04-08-2016, 09:30 AM   #5612
Willing to sell a family member for a few minutes on RS
 
westopher's Avatar
 
Join Date: Apr 2011
Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
Lol fuck yes. I had that exact thought rolling through my head.
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax View Post
Well.. I’d hate to be the first to say it, but Westopher is correct.
westopher is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 09:30 AM   #5613
I *heart* Revscene.net very Muchie
 
Infiniti's Avatar
 
Join Date: Jan 2002
Location: Ottawa
Posts: 3,525
Thanked 722 Times in 282 Posts
Failed 41 Times in 19 Posts
Quote:
Originally Posted by dat_steve View Post
well judging by the general tone of the posts on revscene, most members are clearing $150k net working 4 days a week, returning 30% annually on that salary day trading, and laying serious pipe down every weekend.
Infiniti is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 09:32 AM   #5614
I subscribe to Revscene
 
dat_steve's Avatar
 
Join Date: Jun 2006
Location: Vancouver
Posts: 1,909
Thanked 843 Times in 365 Posts
Failed 12 Times in 9 Posts
damn courtney cox was so fine in the 90's
dat_steve is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 09:44 AM   #5615
Need my Daily Fix of RS
 
Join Date: Jun 2012
Location: Not Vancouver
Posts: 261
Thanked 282 Times in 89 Posts
Failed 20 Times in 8 Posts
Yeah I wouldn't classify Toronto as "just as bad" as Vancouver. Condos are still pretty affordable (as opposed to 425k 1BR condos in Brentwood) and townhouses can be had for decent prices. Obviously the high-demand areas get as expensive as Vancouver but you also have to remember that pretty much every suit-and-tie office job pays more in Toronto with significantly higher career/earnings growth potential.
buhdeh is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 10:15 AM   #5616
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
Quote:
Originally Posted by dat_steve View Post
well judging by the general tone of the posts on revscene, most members are clearing $150k net working 4 days a week, returning 30% annually on that salary day trading, and laying serious pipe down every weekend.
Lol!
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 04-08-2016, 10:53 AM   #5617
My homepage has been set to RS
 
iwantaskyline's Avatar
 
Join Date: Dec 2006
Location: somewhere in bc
Posts: 2,125
Thanked 825 Times in 330 Posts
Failed 263 Times in 78 Posts
Quote:
Originally Posted by Hondaracer View Post
TO prices aren't nearly as stupid as they are here. Not even close
70 story condo's help a lot. We need those in Van, fuck the view.
iwantaskyline is offline   Reply With Quote
Old 04-08-2016, 11:36 AM   #5618
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by Z3guy View Post
That is really surprising. Since we don't have allot big corporate HQs in BC and have allot of small businesses and a ton of construction going on, my gut tells me most income is not being reported. There is no way in heck anyone could afford to live in Vancouver with that income.
given most people are employed and not self employed / contractors, i would suggest the majority of income is reported (ignoring immaterial cash in hand / illegal work - ok, illegal may not be immaterial, but not a material proportion of the population partake in illegal cash generating activities).

if you're employed, all employment income will be reported (why would a company risk not doing so, plus they don't get the benefit of deducting wage expense)

if you're a contractor - again, those contracting you will not, generally, want to deal with cash in hand work, if professional / material work involved.

some construction, i can see, but this kind of labour won't be 6 figure (think indian construction crews paying cash in hand for labourors at $15-20 an hour, or so)

how do people live in vancouver? on borrowed money, borrowed time, renting, no savings.

the savings rate in BC is negative - that says a lot.
4444 is offline   Reply With Quote
Old 04-08-2016, 11:43 AM   #5619
y'all better put some respeck on my name
 
Harvey Specter's Avatar
 
Join Date: Dec 2002
Location: Vancouver
Posts: 18,408
Thanked 9,464 Times in 2,439 Posts
Failed 393 Times in 159 Posts
Quote:
Originally Posted by 4444 View Post
how do people live in vancouver? on borrowed money, borrowed time, renting, no savings.
Yup.

I would also add that a lot of people who have no business having massive mortgages have gotten their mortgages from crooked brokers or private lenders.
Harvey Specter is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 11:45 AM   #5620
RS Veteran
 
bcrdukes's Avatar
 
Join Date: Dec 2001
Location: GTA
Posts: 29,844
Thanked 11,520 Times in 4,710 Posts
Failed 440 Times in 282 Posts
Quote:
Originally Posted by dat_steve View Post
well judging by the general tone of the posts on revscene, most members are clearing $150k net working 4 days a week, returning 30% annually on that salary day trading, and laying serious pipe down every weekend.
Some of us make $14/hour, okay?
__________________
Quote:
Originally Posted by BIC_BAWS View Post
I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off.
bcrdukes is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 11:46 AM   #5621
RS has made me the bitter person i am today!
 
Join Date: Apr 2002
Location: Coquitlam
Posts: 4,846
Thanked 722 Times in 275 Posts
Failed 86 Times in 38 Posts
Remaining Jericho Lands sold to three First Nations for $480 million
ImportPsycho is offline   Reply With Quote
Old 04-08-2016, 11:47 AM   #5622
I told him no, what y'all do?
 
GLOW's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 10,134
Thanked 6,008 Times in 2,606 Posts
Failed 104 Times in 66 Posts
Quote:
Originally Posted by iwantaskyline View Post
70 story condo's help a lot. We need those in Van, fuck the view.
so you're saying you don't want a skyline?
__________________
Feedback
http://www.revscene.net/forums/showthread.php?t=611711

Quote:
Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity
Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat

GLOW is offline   Reply With Quote
This post thanked by:
Old 04-08-2016, 11:56 AM   #5623
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
Quote:
Originally Posted by Harvey Specter View Post
Yup.

I would also add that a lot of people who have no business having massive mortgages have gotten their mortgages from crooked brokers or private lenders.
wait, what are you talking about, this isn't anything like US circa 2005, remember... canada's banking system is so advanced, conservative, and amazing, people with BS income can't buy million dollar homes with minimal cash (except for all those examples people have on here...)

ok it is different, canadian tax payers are DIRECTLY on the hook for Canada's impending housing faux pas, whereas the US government needed to step in and make their tax payers culpable... either way, the mistakes of the masses become the problem of all no matter where you are
4444 is offline   Reply With Quote
Old 04-08-2016, 11:59 AM   #5624
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
Trump is 70, so is shangrila

Few 50 storey towers at Brentwood now, and 4-6 proposed for Lougheed mall, slowly coming along
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 04-08-2016, 01:57 PM   #5625
linguistic ninja
 
CivicBlues's Avatar
 
Join Date: Aug 2001
Location: Vancouver, BC
Posts: 16,139
Thanked 3,839 Times in 1,397 Posts
Failed 141 Times in 80 Posts
Quote:
Originally Posted by Hondaracer View Post
Trump is 70, so is shangrila

Few 50 storey towers at Brentwood now, and 4-6 proposed for Lougheed mall, slowly coming along
For all those buildings you can chop off 10 stories off the actual height because there's no floor 4, 13, 14, 24, 34, 44, 54, 64, etc...
__________________
http://www.en.wikipedia.org

Still a card carrying member of the SFC :)
CivicBlues is offline   Reply With Quote
This post thanked by:
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 03:45 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net