Quote:
Originally Posted by Ludepower
Im wondering why we have member defending and supporting these ridiculous prices.
Explain to me how an average vancouver citizen can afford a home.
Most of revscene members are living in their parents homes hoping prices correct themselves to realistic values.
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Let's see the primary interests of RS. (generalizing)
1. Cars
2. Entertainment
3. Dining
4. Vacation
5. Electronics.
Notice these are all hobbies/lifestyle expenses, some are a significant part of ones income.
Not much interest/posts in the Business/Financial section. Not many like finances/stocks/savings
Revscene could become Reposcene if there's a severe housing correction. The two sectors that will get crushed is construction and services. I wonder what the majority of Vancouver's economy rely on.....
Remember, The debt to disposable income ratio for Canadian households is at nearly 155%.