3 mil vancouver specials by 2026, 5 mil by 2040
Quote:
Originally Posted by JDMDreams
Most young people can't even afford the mortgage for a 1 bed, at $600k if you have 20% down. Same with rentals, there's no way you will break even with the rent collected. Unless rent goes up like 20 30%.
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People set their standards too high
yaaaaaa i dont want to live in a 40 year old building, i want a 2 bedroom brand new 20th floor in coal harbour, so im gonna wait till prices drop
If your in your 20s, or even 30s, and all you can afford is a 400k 1 bed dump, then thats what you need to buy.
Dont like it? Go move to saskatchewan, or any 2nd tier US city where you can buy a new house for 250k