Vancity: Vancouver cost of living could trigger mass exodus

[godwin]

You do know the politicians often have to draw on their home mortgage (2nd or 3rd) to fund their campaigns.. esp. established ones. Like Jeanny Kwan who when PHS scandal came out.. the info was she bought a detached in Kits.

I would say they are more vested personally to keep the house prices up.

It is not that hard to turn around to say NDP themselves are just as bad.. eg Gregor, Harcourts townhouse deals etc.

Originally Posted by Traum

True -- but it also exposes another 2 fairly simple facts:

2) As far as I can see, the NDP has yet to take any advantage of point #1. It just goes to show how incompetent they are in every imaginable way. Agenda setting should be something you learn in politician school 101. It takes skill to effectively spin something up, but for something as dead simple as housing affordability, I honestly can't understand why the NDP hasn't brought it up yet. When you are not the governing party, everything else should be secondary to getting the party in power.

[Traum]

Originally Posted by godwin

You do know the politicians often have to draw on their home mortgage (2nd or 3rd) to fund their campaigns.. esp. established ones. Like Jeanny Kwan who when PHS scandal came out.. the info was she bought a detached in Kits.

I would say they are more vested personally to keep the house prices up.

It is not that hard to turn around to say NDP themselves are just as bad.. eg Gregor, Harcourts townhouse deals etc.

For independents, that is totally what I would expect. But for someone with party backing, especially from the 2 established parties, I would be very surprised to find them needing to kick in significant portions of their own campaign funds. After all, what good is a party association when it can't channel funds to your campaign? You might as well just shed the party baggage and run as an independent if that were the case.

Additionally, political parties have a whole mechanism and associated laws to govern political donations. Politicians themselves are far more limited in how much money they can receive from donors. This means the parties have some money to blow, while the politician himself has very little.

And then there is the very real possibility of losing. If a politician has to chip in his own money -- that is, his very own money, not donations he receives from supporters -- to fund the campaign, there is a serious problem if the funds are coming from re-mortgaging his house. What do you do when you lose? Sleep on the street?!

I am not saying it doesn't happen, but personally, I find it very hard to believe that it would happen.

[godwin]

You are assuming established parties can raise enough funds (they usually don't).. Usually politicans have a trail of debt from the party after each election.

The bills are quite high, especially in Vancouver.. I know a MP who accrued 200k debt in the last election. It is not uncommon. Also remember everyone can contribute only $1100 max.. even the candidates themselves.

Originally Posted by Traum

For independents, that is totally what I would expect. But for someone with party backing, especially from the 2 established parties, I would be very surprised to find them needing to kick in significant portions of their own campaign funds. After all, what good is a party association when it can't channel funds to your campaign? You might as well just shed the party baggage and run as an independent if that were the case.

Additionally, political parties have a whole mechanism and associated laws to govern political donations. Politicians themselves are far more limited in how much money they can receive from donors. This means the parties have some money to blow, while the politician himself has very little.

And then there is the very real possibility of losing. If a politician has to chip in his own money -- that is, his very own money, not donations he receives from supporters -- to fund the campaign, there is a serious problem if the funds are coming from re-mortgaging his house. What do you do when you lose? Sleep on the street?!

I am not saying it doesn't happen, but personally, I find it very hard to believe that it would happen.

[asian_XL]

How many people on RS? we all should move 100km north, name a place call RevScene town. The moderators will be the mayor, there will be a drag strip in the middle of the town and a F1 race track nearby. Approved members will get a piece of land to build their house. That will be awesome.

[Nomomo]

Hilarious pill popping logic. Yet leaves out the part where he is proud to rent because he is drowning in debt and couldn't put a down payment on a place even if he had a 100k helping hand.

Originally Posted by multicartual

Getting big in your career?


I work like 1-2 hours a day and make over 100k, all this week I spent at the beach, throwing footballs, drinking cold beers and chilling with my girl!


So many people spent that same time indoors in front of a computer monitor from 9-5 because they feel the need to chase that Real Estate Ownership Status.


Maybe our culture is toxic to personal growth because we have this RIGID IDEA that FINANCIAL SUCCESS is the be-all and end-all of life.


One of the guys in my local hood makes like 10 times more than me but he works 10 times harder. Every time he gets paid he feels the need to get destroyed wasted and do cocaine for 48 hours straight, then he's in a shitty mood for 3 days before the cycle starts again next week. Happy is not how I would describe him. He works too hard in order to compete for mainstream social status through displays of wealth.





Another day in paradise...

[multicartual]

Originally Posted by Nomomo

Hilarious pill popping logic. Yet leaves out the part where he is proud to rent because he is drowning in debt and couldn't put a down payment on a place even if he had a 100k helping hand.

I don't pop pills...


Sure I have a little debt but I also have a steady good income If I wanted to make 250k+ a year I could work 8 hours a day instead of 1-2... but then I wouldn't have a fun hipster lifestyle


You make it sound like owning a place is the #1 thing in life... I have great friends, an awesome lifestyle and I'm happy as fuck!


If you're who I think you are, go back to listening to Tom Leykis and hiring prostitutes because no woman ever wants your company!

[Gululu]

Good.

We don't need more whiners (losers) crowded in the the Lower Mainland anyway.
Either shut up/quit rubbernecking what others do with their money OR LEAVE ALREADY
either way, give it 5 more years, by 2020 rich mainland Chinese and other groups will NOT have the incentive to even invest in your backwater little town called vancouver. By then, even if houses drops back to 2000's prices, you poor broke losers still cannot gather enough money for a downpayment.

vancouver is mediocre and the people living in vancouver are small minded people that have no world views. stupid silly canadians

[punkwax]

Originally Posted by multicartual

If I wanted to make 250k+ a year I could work 8 hours a day instead of 1-2... but then I wouldn't have a fun hipster lifestyle

I don't like to use the word... but this is literally the most retarded thing I've ever read on Revscene.

Edit: Just read gululu's post... now I'm on the fence.

[Gululu]

I'll gladly pay speculation taxes if your governments agrees to compensate Aboriginal Peoples' land. don't give me bullshit excuses such as ie. I was born here and raised here.
(as if introduction of speculation tax will lower prices... lol u wish pathetic)

[multicartual]

Originally Posted by punkwax

I don't like to use the word... but this is literally the most retarded thing I've ever read on Revscene.

I think you're a retard for spending the best years of your life working rather than living

[multicartual]

Originally Posted by Gululu

vancouver is mediocre and the people living in vancouver are small minded people that have no world views. stupid silly canadians

I bet you are a total dork

[underscore]

Originally Posted by punkwax

Edit: Just read gululu's post... now I'm on the fence.

It is partially true though. Don't get me wrong, Vancouver is an awesome place, but it's overhyped to hell and back. People need to stop directly comparing it to places that it's not even close to being. Vancouver is not London, or New York, or any of the other massive cities people keep comparing it to. Personally I'm thankful for that as I have zero interest in such places.

[multicartual]

Originally Posted by underscore

Vancouver is not London, or New York, or any of the other massive cities people keep comparing it to.

Yes, Vancouver is better

[westopher]

Originally Posted by Gululu

Good.

We don't need more whiners (losers) crowded in the the Lower Mainland anyway.
Either shut up/quit rubbernecking what others do with their money OR LEAVE ALREADY
either way, give it 5 more years, by 2020 rich mainland Chinese and other groups will NOT have the incentive to even invest in your backwater little town called vancouver. By then, even if houses drops back to 2000's prices, you poor broke losers still cannot gather enough money for a downpayment.

vancouver is mediocre and the people living in vancouver are small minded people that have no world views. stupid silly canadians

Where do you get your money from? Rich kids with their parents money are just as big of losers as the crackheads on the street. They are just luckier.

[Soundy]

Originally Posted by Sid Vicious

what do you expect the government to do? everytime a government has intervened in that manner, they've created a number of other unforeseen problems.

Doesn't matter what they do, someone will find a reason to complain about how it's ruining their lives. Add a bunch of roadblocks for foreign investment and offshore home buyers to appease all the "I can't afford to live in Vancouver" whiners, next thing the news will be full of sellers crying about how they'll be destitute because their houses haven't been able to sell for market value.

I suspect the market will look after itself nicely either way... it's more just a question of which side of the equation gets all the press.

[Berzerker]

After moving out of Vancouver I now know I will never move back. I grew up in North Van and don't get me wrong I would love to move back there but it makes no sense. The cost of anything there is beyond anything I would ever want to spend. RIP Vancouver. If I were to ever move back down, Chilliwack is where I would probably settle.

Berz out.

[jing]

Originally Posted by Gululu

Good.

We don't need more whiners (losers) crowded in the the Lower Mainland anyway.
Either shut up/quit rubbernecking what others do with their money OR LEAVE ALREADY
either way, give it 5 more years, by 2020 rich mainland Chinese and other groups will NOT have the incentive to even invest in your backwater little town called vancouver. By then, even if houses drops back to 2000's prices, you poor broke losers still cannot gather enough money for a downpayment.

vancouver is mediocre and the people living in vancouver are small minded people that have no world views. stupid silly canadians

Gululu is like the wannabe fob version of this guy:


Gululu in a nutshell:
1. Hates Vancouver
2. Hates Canada
3. Hates white people
4. Hates poor people
5. Hates hongers
6. Loves China

Serious question though. There's no denying that you're a "Vancouverite", born and raised, yet you speak of this city as an outsider, full of contempt. What's keeping you here?

[multicartual]

Funny to see that so many people in this thread that own property actually hate it here, talk so much shit and sound depressed about their lives

Meanwhile renters love it here and speak with kind words about Vancouver and are grateful to live in such a beautiful and safe place

[westopher]

The stress of debt you can't handle can make ANYONE miserable, mortgage, credit card or otherwise.

[Mr.C]

Originally Posted by multicartual

Funny to see that so many people in this thread that own property actually hate it here, talk so much shit and sound depressed about their lives

Meanwhile renters love it here and speak with kind words about Vancouver and are grateful to live in such a beautiful and safe place

I have a condo rented out, and wish I never bought it. I currently rent in a nicer part of town and it's way better. It's about the lifestyle, really. I'm happy renting here vs owning and living in Surrey.

[hk20000]

Originally Posted by iEatClams

here's the cheapest house in vancouver for sale . Only $628,000



PatsyHui.com: Your Real Estate Expert

Has a huge right of way which means they really can't build much if it ever burns down.
Also, I believe it's a sewer line underneath.

It will probably sell for above asking. LOL

Not many other houses under $1 million right now. Mostly tear downs on busy streets.

Funny my client was looking at it. He can't justify it given that the storm sewer (at least not crap sewer) under there takes priority if the hose is in need of repairs you might be forced to demolish the home for the sewerage.

And yes it was sold well above asking.

[twitchyzero]

it's been a while since I've driven into the residential areas in Richmond, are ditches still pretty common?

[hk20000]

Depending on the area. They are more common in the cheaper hoods.

[punkwax]

Originally Posted by multicartual

I think you're a retard for spending the best years of your life working rather than living

I have a very happy work/life ratio, thank you very much. A beautiful wife and three children to enjoy it with as well. #feelsgoodman

I'm just saying that choosing to make ~150k less per annum to live an extra 6 hours a day as a "hipster" is fucking retarded. Make that money now and do less when you're older and less capable. If I were your dad I would smack you. Fuck, even if I was just a friend I would bitch slap you for making a decision like that.

[multicartual]

Originally Posted by punkwax

I'm just saying that choosing to make ~150k less per annum to live an extra 6 hours a day as a "hipster" is fucking retarded.

Just because you peaked early doesn't mean everyone will


Life keeps getting better and easier, why would I want to work MORE?