Quote:
Originally Posted by Tapioca
Even detached houses in Surrey/Delta cost at least a half million. For an average upper middle class couple making a combined income of $150K year, that is still significant, particularly if you have to pay off student loans and have been unable to accumulate much in savings because you've been living away from home. You also have to factor in commuting costs over say 5-10 years. If you have to commute to Vancouver from Surrey, that costs you about 5 grand a year in insurance, gas, and maintenance.
Even if you could afford to buy a home for a half million, you're tied to a city with limited career mobility and a ceiling in terms of your income. No one would be too concerned if you could easily make 6-figure salaries after 10 years, but the problem in Vancouver is that most people top out at 6 figures.
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Limited career mobility? Hundreds if not thousands, of people cross the Alex Fraser, Patullo Bridge everyday to head to their workplace in Vancouver. Is it that unreasonable to them? Even if you live by 152nd St and work in North Van, that's a 45 minute commute according to Google maps. Considering how people put up with Massey Tunnel, it doesn't seem as bad.
If you drive a 100km a day to work and back, that would only be around 7-8L in a Honda Civic making around 10 dollars for a daily work commute, not too bad considering people who take public transportation costs around 2000 a year (3 zone pass)