Quote:
Originally Posted by B!tch
If I were to comment on the state of real estate I would sound like an old man shaking his fist yelling get off my lawn. However my concern over what the lower mainland is becoming has me....wondering about our society.
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I think you and I share some of the same views on real estate, but the truth is that nothing you or I can do will change anything.
I look at the growth we're seeing in BC, and comparing it to California.
1930 5,677,251 65.7%
1940 6,907,387 21.7%
1950 10,586,223 53.3%
1960 15,717,204 48.5%
1970 19,953,134 27.0%
1980 23,667,902 18.6%
1990 29,760,021 25.7%
2000 33,871,648 13.8%
2010 37,253,956 10.0%
Major growth came at the end of WW2 in the form of immigration. The east coast was already pretty congested, and middle America sucks, so there was a massive migration west.
After the war, hundreds of land developers bought land cheap, subdivided it, built on it, and got rich. Real estate development replaced oil and agriculture as Southern California's principal industry.
https://en.wikipedia.org/wiki/Histor...900_to_present
The problem with BC is that land isn't cheap. So you're deviating from what made California so prosperous. This is where I am concerned about the direction that we're going as a society.