Quote:
Originally Posted by rsx
1. Cliquey City - subjective
2. Obnoxious ppl - subjective
3. Trades based - I don't think so, lots of accounting, finance, law, engineering, archi/design firms out there. On top of that the other small businesses like import, export, logistics, forwarding...etc.
4. Cookie cutter, subculture, no one to hang out - sounds like you're hanging out with boring people. There are so many beer leagues for hockey, soccer, basketball - even though multi-sports leagues that organize games every week.
5. City regulations, etc - I agree, Canada is pretty wacked on regulations
6. Xenophobes - Pretty multicultural if you ask me. Never met a racist person except for one old white cunt outside the liquor store.
7. Girls - have to look past the fake eyelashes and clubbing dresses and find women not girls.
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This.
You can do almost anything and everything in this city, so it's your choice to put up with the regulations and bylaws if you want to stay here.
The way you perceive people is subjective. The people you hang out with is your own choice.
What other urban city can you live in, which you're a skip and a hop away from prime snowboarding during the winter, lively beaches during the summer, hiking trails, malls, city events, etc.
So if you want to stay in this city, instead of complaining about the costs of living, learn to adapt and live with it.
Back on topic.
What I notice is that the mentality that a lot of young homebuyers have is "buy, buy, buy. Doesn't matter when. Just rent it out, let the mortgage pay itself off, sell, profit. Real estate is always going to go up. Just buy it and flip it."
Where although it is not necessarily a bad decision to buy, it definitely is not the best at this time. People are buying apartments with hopes of having their mortgage covered by rent. There's their first mistake. It's just not gonna happen anytime soon. Then there's taxes, insurance, maintenance on top of that. Then they start panicking when they realize how much they actually have to fork out themselves each month.
Essentially, investing in RE is like investing in a stock. You don't buy stocks at any random time, so why would you blindly buy RE? People who think they can flip RE for big profit in the next ~5+ years is living in their own little world.
It amazes me how many people don't understand that RE is NOT an easy way to make a quick buck.