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02-17-2019, 10:02 PM
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#13976 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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what if you're living in a condo in surrey
retire in an apartment in merritt? Quote:
Originally Posted by Tapioca  Lots of boomers are using their homes as their retirement fund. It's not right, but no politician is going to seriously consider making decisions that will hurt this group of homeowners. | why is it not right? people often their home equity for kids' educational fund, why not for retirement?
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02-17-2019, 10:14 PM
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#13977 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,026
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| Quote:
Originally Posted by twitchyzero what if you're living in a condo in surrey
retire in an apartment in merritt? | Different markets may change appreciation over time, but the end goal remains the same - security in retirement.
Home equity and leverage is the significant advantage that home ownership offers, but there's an incredible stigma around it. I argued that it wasn't right because those on the sidelines of the real estate market have continued to complain that it's been one of the reasons why politicians have been reluctant to crash the real estate market.
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02-18-2019, 07:59 AM
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#13978 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
Posts: 1,738
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Saving for retirement is the same as paying down your mortgage. Your end goal is to be debt free and retire comfortably. If that means selling and downsizing from Vancouver to abbotsford then so be it.
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02-18-2019, 10:44 AM
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#13979 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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If you are downsizing from a $500k condo on like Joyce. How much cash would we get from moving to Abbotsford. $200k? That would actually be enough to supplement your retirement I guess. It'll be like $10,261 annually at a 3% return from 65 to 85. Plus you'll get CPP + OAS which amounts to roughly $14.5 - 28k a year. By then you'll probably have little to no expenses. Do you see yourselves still being interested in cars at that age.
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02-18-2019, 10:47 AM
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#13980 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
Thanked 9,871 Times in 3,926 Posts
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02-18-2019, 11:17 AM
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#13981 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
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Why even wait for retirement or think even bigger than Abbotsford, I’ve got half a mind to sell my $600k cardboard box condo in Vancouver now and go start a business in *insert southeast Asian/South American country here*... Vancouver really sucks balls nowadays
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02-18-2019, 11:25 AM
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#13982 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
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sure and i see a lot of people talking down on Vancouver...whether the ones who grew up here/have attachments actually move away is another story
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02-18-2019, 01:57 PM
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#13983 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
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Why the valley? If I move that far I might as well go to Calgary, you can easily pick up a detached house for 400k. Plenty of garage space for toys and no vis.
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02-18-2019, 03:04 PM
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#13984 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,574
Thanked 3,781 Times in 1,345 Posts
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| Quote:
Originally Posted by JDMDreams Why the valley? If I move that far I might as well go to Calgary, you can easily pick up a detached house for 400k. Plenty of garage space for toys and no vis. | The only problem with buying a house in Calgary to live in is you have to live in Calgary.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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02-18-2019, 03:24 PM
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#13985 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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I’d rather live in Calgary than abbotsford, that’s for sure.
Calgary is actually sweet as far as proximity to mountains, good food, music scene, and cheap.
I’d just be smoking meth and going to cactus club in Abby.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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02-18-2019, 03:45 PM
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#13986 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
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40 miles/50 minutes away is considered far enough you'd rather just live in another time zone? 
YYC being a westjet hub is handy but i'd prefer to be one stop away from quite a few more big destinations in the Pacific...assuming i'm still healthy enough to travel at that age
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02-18-2019, 04:14 PM
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#13987 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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If I lived in abbotsford I would literally never set foot DT. Lol 40 minutes. Maybe at 3am
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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02-18-2019, 04:28 PM
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#13988 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,026
Thanked 2,538 Times in 1,155 Posts
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Nothing wrong with living in Abbotsford or Calgary if you want a garage and room for your cars and toys.
If you're into cars, there's no point living in Vancouver proper anyway because of the traffic and pedestrians.
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02-18-2019, 04:31 PM
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#13989 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Feb 2017
Posts: 195
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Originally Posted by westopher I’d rather live in Calgary than abbotsford, that’s for sure.
Calgary is actually sweet as far as proximity to mountains, good food, music scene, and cheap.
I’d just be smoking meth and going to cactus club in Abby. | LOL shit if that ain't the truth.
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02-18-2019, 04:32 PM
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#13990 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
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There is also like the best car scene in Canada here. Meets every weekend of the best and most eclectic mix of cars in the country
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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02-18-2019, 05:07 PM
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#13991 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
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What's even in Abby?
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02-18-2019, 05:29 PM
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#13992 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
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we're talking about downsizing as retirees
how often do you need to go to downtown, go to car meets, eat at the newest place buzzing on insta, care about music scene etc. when you're 65?
being close to your family will likely be the #1 priority
at that stage of life i'd rather be in a burbs in the vicinity of Vancouver than to live in Calgary and worry about snow removal
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02-18-2019, 05:56 PM
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#13993 | | Lomac owned my ass at least once
Join Date: Dec 2001 Location: Vancouver
Posts: 6,259
Thanked 3,463 Times in 820 Posts
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been out of the van for a few years, how's the market for a detached house in surrey? Van still seems super expensive, any other areas that's still "affordable" for a family?
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02-18-2019, 07:21 PM
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#13994 | | Proud to be called a RS Regular!
Join Date: Apr 2018
Posts: 113
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Originally Posted by rsx been out of the van for a few years, how's the market for a detached house in surrey? Van still seems super expensive, any other areas that's still "affordable" for a family? | I guess it all depend which part of surrey you want. I’d say south surrey (probably more expensive) and the fleetwood tynehead are the best areas imo. Took a quick glance around fleetwood tynehead and appears to be close to 875k-950k for about 1500-1900sqft of living space (3b 3b) and goes up to 1million plus as the home size gets bigger. It’s just a rough example after a quick peek..i mean looking at the 875-950k ones i mentioned..i still cant believe the asking for them are that much hahaha it’s nuts if you ask me
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02-18-2019, 08:06 PM
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#13995 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
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| Quote:
Originally Posted by twitchyzero
YYC being a westjet hub is handy but i'd prefer to be one stop away from quite a few more big destinations in the Pacific...assuming i'm still healthy enough to travel at that age
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Originally Posted by twitchyzero we're talking about downsizing as retirees
how often do you need to go to downtown, go to car meets, eat at the newest place buzzing on insta, care about music scene etc. when you're 65? | I don't see why travelling around the pacific is reasonable but going to shows and eating the best food is far fetched.
If I can't do my favourite things when I retire, what's the point? It all depends on your interests. Theres also no guarantee any of our families will be here. I'm sure if I have kids they aren't going to be able to afford to live here at the rate its going.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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02-18-2019, 08:23 PM
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#13996 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
Thanked 9,871 Times in 3,926 Posts
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true maybe calgary will work better for you...or maybe your taste will change
i just don't think i'll care about the latest ramen shop trending on daily hive, care to spend hours detailing my car nor care about which underground artist will be playing at fortune when i'm done with a day job...i wanna spend more time playing with grandkids, traveling, volunteering, and doing modest outdoor activities and for all that i don't need to worry much about commute time into the city
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02-19-2019, 03:13 PM
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#13997 | | Proud to be called a RS Regular!
Join Date: Apr 2018
Posts: 113
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My uncle drove by fleetwood and around 164... saw a house with a sold sign..contacted the realtor just to see how much it sold for and he said it sold for 1,100,80 (listed for 1.060) with assessed value of 967k (5b 3 bath). I guess homes still go over asking and over assessed lol.
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02-19-2019, 03:46 PM
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#13998 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
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Fleetwood, Fraser height, etc very little if any drop in pricing from what I’ve seen
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02-19-2019, 04:58 PM
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#13999 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
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My parents live in Fleetwood and they haven't seen a drop in prices yet.
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02-19-2019, 05:17 PM
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#14000 | | I *heart* Revscene.net very Muchie
Join Date: Apr 2001 Location: Burn-A-Bee
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Is this website accurate?
It tracks all of the price changes and shows it in a map that you can zoom in/out, with the majority of them being price drops, obviously https://www.myrealtycheck.ca/
It shows, for example, 615 total price changes in Surrey for January 2019
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