Quote:
Originally Posted by Badhobz
my parents lack of foresight and led them to buy a brand new apartment in 1994 instead of buying a slightly used Vancouver special / older home that was the same price. Their apartment is worth 900k now, but a equivalent house in the neighborhood is 1.6-1.8m aka double.
Pisses me off that my mom valued saving face more than having more space/land. Their condo cost them quite a bit over the years with their leaky condo at 60k, special levies, elevators, etc etc. All because she couldnt stomach living in an old house. That shanghainese ego of her is bullshit.
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The house I grew up in, Broadway/Nanaimo area, had our neighbor (elderly widowed wife) selling. She offered to sell it to us for $250k. My mom ran to the bank, had approval as a rental property but my dad refused to sign the papers. He kept saying we didn't need it, what do we need all this land for. My mom told him, rent it out till one of us kids can move in, in the future. He never signed it.
Just a couple years ago, 1 of our old neighbors ran into my sister and told her our old house was part of a land assembly. The house next door that we could've bought was also part of it. All these years, my mom would see house values increase would smack my dad as a stark reminder what could've been.
Some of our parents, mine included (specifically my dad) never saw the big picture and the lucky ones who did are reaping the benefits now.