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As some have said for better or worse the boat has long since sailed on affordable housing and a return to what we would consider affordable is highly unlikely, an in many cases even undesirable due to other factors that would follow in tow.
I don't know what the official average Vancouver income is and honestly I don't care enough to look it up. I consider our household quite average. Based on what I see, the cars on the road, the people on the street, the people on the bus, the people out and about shopping at whole foods and similar outlets, yeah I'm comfortable saying the average Vancouver income is significantly higher than 33k/yr, at least their lifestyles reflect as much.
People/locals are stressed and complaining about ridiculous home prices but those are the same people lining up 3 days in advance at a presale for those same overpriced homes. The inflated prices are only sustainable if there is a demand for it.
My solution is for home owners to alter their expectations of what their dollar can buy. 500k won't buy you a 2br downtown anymore. 750k won't buy you a detached house in Vancouver proper anymore. Stop wishing for the good ol' days, bitch less, and move on.
I feel like I've said too much on this point, and fully ready to just agree to disagree
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