Quote:
Originally Posted by carsncars
My parent's tenant for >10 years now in Yaletown is a late 40's lawyer, paying $3500/mo. in rent for a 2 BR. One of my mom's friends, a Senior Manager at a mid size accounting firm (def. $200K+/year) also rents downtown, also between $3500-4000. Don't know what's going on in the lawyer's case - maybe they just aren't interested in owning - but in the latter case she said it's been hard to save the down payment.
The guy I bought my place (detached, East Van) from? He was a janitor for the City of Vancouver... times have changed.
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My friends clearing $300 - 450K. GP + Sales manager at a dealer. They're renting in Oly Village both for $4k/month. They rent out their units in BBY. Their current unit they live in sells for $1.6 - 2M.Good tradeoff imo. $48K / $2M = 2.4% Gross return before strata, pptax, interest.
Ultimate bachelor dating combo though. Nice view of city + big balcony + big 2br. Plus new 992 911s so they can go 30KM/hour on cambie bridge. Every week they can host an event or go out to find some garden tools to bring home!