Quote:
Originally Posted by jasonturbo
Housing bubble won't burst because, I heard that the median household income in this city is expected to increase 200% just like the price of housing did lol...
Eventually, all things financial revert to the mean. I've been watching property over the last few years very closely and all I can say is that over the last 6 months it seems the price of condo's have taken a 10% haircut.
Having said that, the more I travel for work, the more I realize just how amazing Vancouver is. The scenery, the beach all summer, the mountains all winter, how well groomed the city stays, the traffic is not that bad IMO (go drive around Toronto for a week), the city did a very good job ensuring park space DT didn't vanish as new buildings were erected, the people are friendly, the FOOD OMG, the parking is usually easy, the airport is located in a good spot, close to US border, close to many nature areas, close to Whis, attracts maor venues, etc..
Van is THAT GREAT.
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Van is that great for you, trust me, not everyone feels the same way, so while it would make sense for you to pay a premium to live here as it gives you everything you want, to many others this place is just a 'place' - personally, there are way better cities - there are way worse, yes, but Vancouver isn't gods gift to cities like so many lulu wearing, cafe artigiano drinking, self loving d-b's love to tell everyone
Again, not saying its not perfect for you, but this is a relatively small city, it's no New York, Seoul, Tokyo, etc where sky high prices are a permanent thing - unlike so many locals like to think, there are plenty of places to build here (and yes, up is one of them)