REVscene Automotive Forum - View Single Post

Gerbs · 07-15-2022, 10:19 PM

At some point, when rent gets high enough, people will leave Vancouver to interior. International will immigrate to another first world country. I don't move to HK / Singapore due to high cost of living for housing. It'd be hard to downsize to something half my size for double the price.

I think homeowners would rather bite 50% mortgage increases than to sell at a loss. It's such a risk adverse asset where we won't see prices drop unless it's mandatory due to financial reasons.

07-15-2022, 10:19 PM	#22873
Gerbs OMGWTFBBQ is a common word I say everyday Join Date: Nov 2010 Location: / Posts: 5,439 Thanked 3,195 Times in 1,260 Posts Failed 264 Times in 80 Posts Member's Picture Albums	At some point, when rent gets high enough, people will leave Vancouver to interior. International will immigrate to another first world country. I don't move to HK / Singapore due to high cost of living for housing. It'd be hard to downsize to something half my size for double the price. I think homeowners would rather bite 50% mortgage increases than to sell at a loss. It's such a risk adverse asset where we won't see prices drop unless it's mandatory due to financial reasons. __________________ 2022 Velo N 2005 S2000 2007 CSX Type-S [Sold] 2002 RSX-S [T-Boned]