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Tapioca · 07-29-2016, 06:48 AM

^ I don't think you'll find anyone here who doesn't agree with the need to tame the market

The thing is that if you and your partner are really above average earners and have good credit, you can get into the market. No, you won't get a house unless you move to the deep Fraser Valley, but you can get in. Of course, it's risky, but so is driving your car to work every day.

I owned a shitty (but modern) condo in Brentwood for 9 years. I didn't think prices were going to blow up when it came time to sell, but they did. When you're in the market, you ride the good times and bad, but the key is to be in the market . The longer you wait, the fewer years you have left to pay off a mortgage (because, do you really want to pay a mortgage off at 70?).

I get the rent and invest the difference bit. This makes sense for some, particularly if you're mobile, are single or in a relationship with no kids. However, it sounds like you really want to own, so I suggest you consider my tidbit of advice.

It sucks that you can't have a house in the location you want, but such is life in Vancouver.

07-29-2016, 06:48 AM	#7361
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,808 Times in 1,250 Posts Failed 81 Times in 54 Posts	^ I don't think you'll find anyone here who doesn't agree with the need to tame the market The thing is that if you and your partner are really above average earners and have good credit, you can get into the market. No, you won't get a house unless you move to the deep Fraser Valley, but you can get in. Of course, it's risky, but so is driving your car to work every day. I owned a shitty (but modern) condo in Brentwood for 9 years. I didn't think prices were going to blow up when it came time to sell, but they did. When you're in the market, you ride the good times and bad, but the key is to be in the market . The longer you wait, the fewer years you have left to pay off a mortgage (because, do you really want to pay a mortgage off at 70?). I get the rent and invest the difference bit. This makes sense for some, particularly if you're mobile, are single or in a relationship with no kids. However, it sounds like you really want to own, so I suggest you consider my tidbit of advice. It sucks that you can't have a house in the location you want, but such is life in Vancouver.