Quote:
Originally Posted by godwin
I don't think the Bay Area is that overheated especially compared to YVR. Rents are a lot more than YVR, the townhouse size of 1200sq we rent out for $4-5k.. the return is a heck lot better than any YVR ones. The fact is SF is a lot of diversified economically than Vancouver.. actually in that sense even Seattle is better that way, considering they can't find enough people to fill at the Boeing plant and SGL plant.
With Cdn$ still relatively strong, I would say abandon the YVR focus, and repatriate the money when CDN gets even weaker.
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Comparing sf prices to yvr is fine and well, and is a better investment, but u've just opened up the whole US as an investment zone, in which case, there are better options.
Investing in the US as a Canadian is fraught with issues, and Cali especially is a tough place due to its tax regimes and need for cash (property taxes are super high in Cali)
I'll agree, I'd buy in sf over yvr, but only if I lived there, the risk reward just isn't there as a foreign buyer (unless ur an all cash baller)