Vancouver's Real Estate Market

[underscore]

Life is too short to live like shit for a decade.

[westopher]

I’d rather rent forever than suck my own cock about how I gave the best years of my life up “hustling” to get a one bedroom condo instead of travelling, doing shit and partying.
Not everyone wants to do that, and that’s cool, but to give it up and act like your a martyr for it is absurd.

[MarkyMark]

Live with 5 dudes in a basement for years, pool your money together to buy a house and then live in the basement of your own house. We made it!

[GS8]

Ahh yes, buy a shitty apartment in Abby where your upstairs neighbour tests vibrators and snorts mothballs.

Wheee, I'm a homeowner! Worth the nights I can't sleep but have a weird, smelly boner

[Manic!]

Originally Posted by westopher

I’d rather rent forever than suck my own cock about how I gave the best years of my life up “hustling” to get a one bedroom condo instead of travelling, doing shit and partying.
Not everyone wants to do that, and that’s cool, but to give it up and act like your a martyr for it is absurd.

It's still way better than what they come from. Go live in a small village in India for a month and see how it is. Giving up your best years is a small sacrifice to live in t=one of the best countries in the world and set you family up for generations.

India offers the most competitive labor costs in Asia, with the national-level minimum wage at around INR 178 (US$2.16) per day, which works out to INR 5340 (approx.US$65) per month. This number is a floor-level wage – and the wage rate will vary depending on geographical areas and other criteria.

Originally Posted by MarkyMark

Live with 5 dudes in a basement for years, pool your money together to buy a house and then live in the basement of your own house. We made it!

But they are living rent/mortgage free in the basement saving a ton of money. When one of them gets married they will buy a house or move upstairs. My cousin from India now owns 5 houses in Canada and one in India.

[Gumby]

I’ve come to realize that success means different things to different people. Yeah, living in the basement while renting out the rest of your house isn’t for me, but for some, they are happy in that situation.

What is bothersome though, is Manic repeatedly reminding us of his cousin that now owns 5 houses in Canada…

[Badhobz]

I've met a lot of the guys who work on steamships (most of them Pilipino or East Indian) and they really are compensated like jack shit all compared to western nations. They take these long haul voyages (3-6 months minimal) where they are paid less than 10 bucks an hour (relative comparison) and that money can still sustain a family back home.

So for a lot of these dudes living in a 500sqft room with 4 others dudes is a cake walk compared to their lives back home and i can see how they can do it. None of us can, because we are entitled motherfuckers who grew up here and demand freedom, justice and equality, etc etc. Its just a different mind set in 3rd world countries.

[donk.]

Originally Posted by Gumby

What is bothersome though, is Manic repeatedly reminding us of his cousin that now owns 5 houses in Canada…

It's bothersome because someone, or some people in this thread are paying his 4 of 5 mortgages

[underscore]

Originally Posted by Manic!

It's still way better than what they come from.

If they're happy then all the power to them. But the fact that it's considered "way better" is a pretty important distinction that you were leaving out. You're talking like anyone can pull that kind of stuff off when it's only going to be possible for people coming from something worse.

Originally Posted by Manic!

Giving up your best years is a small sacrifice to live in t=one of the best countries in the world

Once they've immigrated they're living here either way though. They don't have to continue that level of sacrifice.

[Hondaracer]

Manic with the typical Liberal view

“You don’t live in a rat cage in a 3rd world ghetto so living with 10 guys in a basement suite is pretty sweet!!”

We set our standards so high in Canada these days. They are welcome to add to the crippled food bank needs

[PeanutButter]

Originally Posted by MarkyMark

Sure, I hope the people who say 5-10 years of massive sacrifices have an inspiring story of them doing it themselves.

Isn't that donks point though? If you can sacrifice you can do it. If you don't want to sacrifice don't complain.

My generation, myself included are super privileged, we want everything now and we think we are entitled to it.

Hard times create hard men, hard men create good times, good times create weak men, weak men create hard times.

My parents generation grew up in the hard times and they sacrificed. That sacrifice paid off and my generation is living in the good times. The problem is that we're all privileged AF and we complain about everything.

Hard work beats talent any day of the week. My preference is hard work over talent, but that's just me.

[westopher]

Hard work gets you nothing in most cases. Luck and who your parents are determines your success in canada over absolutely everything else. This isn’t about privilege. It’s about people wanting the ability to carve out a better life for themselves without having to give up their life for it. Why don’t we want to be better? Why is the mindset “oh somewhere else is shitty so just shut up about it.”

[MarkyMark]

Originally Posted by PeanutButter

Isn't that donks point though? If you can sacrifice you can do it. If you don't want to sacrifice don't complain.

My generation, myself included are super privileged, we want everything now and we think we are entitled to it.

Hard times create hard men, hard men create good times, good times create weak men, weak men create hard times.

My parents generation grew up in the hard times and they sacrificed. That sacrifice paid off and my generation is living in the good times. The problem is that we're all privileged AF and we complain about everything.

Hard work beats talent any day of the week. My preference is hard work over talent, but that's just me.

Yeah people who never had to do it themselves recommending people live like rats in a cage because they knew someone who came from a third world country that was cool with it.

You don't see how absurd it is to say how you were privileged but then also think it's perfectly reasonable to tell other people they aren't sacrificing enough when they don't live in poverty to hopefully get a one bedroom crack shack?

My parents did it themselves too but their goal was a house and they were able to get it with my dad working one job and my mom staying at home taking care of us.

[Hondaracer]

This falacy Manic keeps spewing is also BS.. to Westophers point I know many people who have done incredibly well for themselves, almost to the Point of winning the life lottery per say. Good friends I grew up with in Surrey who came from working class/middle class backgrounds who have done ducking amazing for themselves, like 40 and under making 180-275k a year type success in big corporate jobs, ironically mostly in finance and real estate.

Not one of those people are these “5 home” landlord Magicians manics cousin is. They all life lives not that different from a person making 80k. Sure maybe they have a detached home but it’s not like a 4 million dollar north van home or some balling penthouse. It’s such a crock to think hard work can get you anything you want lol.. HUGE life altering sacrifice can barely get you a 1br at Brentwood.

[PeanutButter]

Originally Posted by westopher

Hard work gets you nothing in most cases. Luck and who your parents are determines your success in canada over absolutely everything else. This isn’t about privilege. It’s about people wanting the ability to carve out a better life for themselves without having to give up their life for it. Why don’t we want to be better? Why is the mindset “oh somewhere else is shitty so just shut up about it.”

Honestly, I can understand your point of view, but I completely disagree with you.

I can just imagine myself telling my son, "hard work gets you nothing in most cases".

To me, that is completely false. But, if that's the narrative you want to tell your children, that's fine.

Also, I know text doesn't always convey intention, but i'm not saying you're wrong and i'm right. I'm just saying I don't agree with you.

[RiceIntegraRS]

I wouldnt say hard work gets you nothing. Itll get you somewhere to a point. But i will agree that Luck and what your parents will leave you will give u a huge jumpstart in life in Canada thats for sure. Family Wealth that gets passed on from Generation to Generation is huge in a place like Canada where everything is expensive. I grew up in a white town where everyones grandparents started out in Canada, all my friends had Vacation Homes and Toys like boats ect. I only dreamt about having. Now i understand fully what that family wealth means when i have coworkers who immigrated to this country and make more money than me, yet struggle to have what i got. And have friends who havent worked in years, 1 person even a decade basically live off there great grandparents/grandparents hard work yet complain about how hard life is.......

[Badhobz]

Originally Posted by Hondaracer

This falacy Manic keeps spewing is also BS.. to Westophers point I know many people who have done incredibly well for themselves, almost to the Point of winning the life lottery per say. Good friends I grew up with in Surrey who came from working class/middle class backgrounds who have done ducking amazing for themselves, like 40 and under making 180-275k a year type success in big corporate jobs, ironically mostly in finance and real estate.

Not one of those people are these “5 home” landlord Magicians manics cousin is. They all life lives not that different from a person making 80k. Sure maybe they have a detached home but it’s not like a 4 million dollar north van home or some balling penthouse. It’s such a crock to think hard work can get you anything you want lol.. HUGE life altering sacrifice can barely get you a 1br at Brentwood.

So true. Most of my colleagues are all close to 200k bracket and none of them have 5 houses. Most are still paying off their 1 to 2 million dollar detached and have a nice car around 50 to 100k along with a daily. Some of their wives work and together they pull 300 plus but live a similar life. Not ultra rich for sure..just normal dudes. I think the 200 to 300k bracket was the 100k bracket In the 90s and early 2000s. Same buying power anyways.

[Hondaracer]

Originally Posted by RiceIntegraRS

I wouldnt say hard work gets you nothing. Itll get you somewhere to a point. But i will agree that Luck and what your parents will leave you will give u a huge jumpstart in life in Canada thats for sure. Family Wealth that gets passed on from Generation to Generation is huge in a place like Canada where everything is expensive. I grew up in a white town where everyones grandparents started out in Canada, all my friends had Vacation Homes and Toys like boats ect. I only dreamt about having. Now i understand fully what that family wealth means when i have coworkers who immigrated to this country and make more money than me, yet struggle to have what i got. And have friends who havent worked in years, 1 person even a decade basically live off there great grandparents/grandparents hard work yet complain about how hard life is.......

The thing is now.. you can be making 300k a year and you still can’t afford to have a shitty vacation home.

[donk.]

[bobbinka]

"I worked my ass off doing multiple jobs and eating potatoes every night to pay off my student loans, so everyone else should be able to. It's not fair that the government will cancel/reduce their debt. They should do the things I had to do and make the choices I had to make."

That's what this sounds like.

You know, you can be proud of what you did and still have compassion for other people, and want a better life for others.

Nobody said people shouldn't work hard. You can teach your kids to work hard and still acknowledge that there are systemic issues greater than what hard work will solve. Understanding that means you don't blindly chase after something you cannot reasonably achieve.

To suggest that the reason people aren't able to succeed (whatever that means to you) because they aren't working hard enough is completely dismissive of their circumstances in life and the part that society has played in it. You can't win if the cards are stacked against you, but if you understand that it's rigged, you can make different choices. The world's greatest pyramid scheme must be the richest people convincing the world that if they work hard, they too will be become rich.

I wonder how many people in Crab Park or on E. Hastings also used to have jobs and busted their asses off just like, and if not harder than, the people here who have the luxury of sitting behind a computer in their warm home. You only hear the stories of the people whose hard work paid off, but there are god knows how many people out there who also worked just as hard and still failed in life.

The next time there's a new policy or tax put in place that affects you guys' business, income, or livelihood, don't let any of us catch you guys complaining. Just work harder. If the government raises taxes for you to to 60%, 75%, and then 90%, with zero deductions allowed, at what point do you acknowledge that there are greater problems than your work ethic?

[twitchyzero]

YouTube (Short URL)

shout out to langford...wow!

what are their planners doing that vancouver's can't? are there major drawbacks from fastracking permits?

[supafamous]

Originally Posted by Hondaracer

The thing is now.. you can be making 300k a year and you still can’t afford to have a shitty vacation home.

I'm supposed to have a shitty vacation home?

I, like many of you, won a lottery when our parents immigrated here from wherever it was they were from because no amount of hard work or sacrifice back in their homeland (Hong Kong in my case) could have given me the life I have now (or the one I got to live as a child).

At the same time, I very much notice that my hard work and sacrifice in this world still leads me to getting passed over for opportunities that I'm very capable or qualified for. I watch CEOs say that they hire the best people regardless of race or gender and then watch their actions tell me that the "best people" are white guys who come from the same backgrounds they come from.

There's no promise that hard work and eating ramen will lead to some promised land of 5 houses. You may just be unlucky that your skills don't match the lucrative jobs out there or you grew up in in the wrong place or your passions don't align with money (eg. being a teacher or researcher etc). Conversely you may be some lucky bastard that landed on the ground floor of a rocket ship (I have twice) and got taken for a ride.

Since so much of life is a lottery there should be some basic standard of living like a decent home for everyone and we shouldn't expect that someone live in a basement for 10 years with 3 roommates to make that happen.

[bcedhk]

Originally Posted by twitchyzero

https://youtu.be/2bz3OuarClY?t=1116

shout out to langford...wow!

what are their planners doing that vancouver's can't? are there major drawbacks from fastracking permits?

The 6 months approval they are talking about are for the SFH and housing choice applications.

A quick scan of Langford's Rezoning applications show their mid-rise and high rise applications taking 1+ year.

[quasi]

Originally Posted by Manic!

Their living expenses are less than a 1/5 of a single person renting and they are working 50/60 plus hours a week. They are also not buying condo's. It's not uncommon for a couple of family members to buy a house together. They buy a house with one or two rental suites. Live in the rental suite and rent the rest of the house out.

Different strokes for different folks. For me that sounds like a terrible existence relying on renters, pooling money with family members and working like a dog but for others they probably think what I'm doing is dumb. I guess that's what makes this place great, we can all do it differently.

[CivicBlues]

^And their sons will grow up to be entitled pieces of shit playing gangster shooting each other up at Lower Mainland casual dining restaurants in about 20 years or so. All because Mommy and Daddy were too busying playing landlord when they grew up instead of teaching them how to be decent human beings.