Vancouver's Real Estate Market

[bcrdukes]

Hell no! Logic trumps all! Fuck your feelings!

[Hondaracer]

Originally Posted by whitev70r

^ it's not the detached house that they are stuck to ... obviously (to me at least) it's the memories of that place they can't let go. Counselling might be best solution, not waving $$$$ signs.

Those memories are washed away by the filth and bugs lol

Honestly I don’t think it’s even the memories, it’s the slight inconvenience of “change”

[westopher]

Originally Posted by whitev70r

We are talking above one another. You are using logic. I pointed out it's an emotional psychological thing. To explain to someone who has a psychological block using logic and reasoning is a losing cause.

Hopefully, you will eventually understand ... because I'm using logic with you.

You don’t need to explain to me why. I understand why. I’m just saying it’s objectively the wrong choice for even those not involved in the decision making.

[CivicBlues]

ITT: People are old and stubborn. We're going to be the same sooner than you think.

[yray]

I think it will be easier to change hondaracers mind on vaccine then getting seniors to move out of their homes and rent if they are healthy and doing well.

[Hondaracer]

Vaccine? I’m not Jason

If you’re health and fine, stay as long as you want. The vast majority of these people cannot even navigate their stairs though.

If you can’t maintain the basic maintenance of your home, or even have the ability to call people to do so, I don’t think you’re as “healthy” as you think

[JDMDreams]

Just buy an Optimus. Let's say for $50000 do all the chores. And wtf is going on with East Hastings, I thought they cleaned that shit for summer tourists and FIFA. It's like a fucking block party again when I drove by today with tents, umbrellas, and ppl selling shit on the floor

[Infiniti]

Originally Posted by JDMDreams

Just buy an Optimus. Let's say for $50000 do all the chores. And wtf is going on with East Hastings, I thought they cleaned that shit for summer tourists and FIFA. It's like a fucking block party again when I drove by today with tents, umbrellas, and ppl selling shit on the floor

I'm totally banking on an Optimus to wipe my ass in the future.

[Hondaracer]

Sounds hot

[EvoFire]

Was away for a few days and there's pages of discussion about retirees.

As much as I want lower RE prices, I don't think it's fair to punish retiree home owners for owning and wanting to live in the house that they worked for. Majority of these didn't ask for a RE boom and if they are still in the house that they've been in for 20 years, they haven't directly benefitted from the boom either other than paying increasing property taxes. The 20 year 30 year owners did not contribute to the real estate boom.

The ones that should be targeted are the speculators and investors, and I don't think the penalty is harsh enough for those that flip houses.

My parents sold their SFH after owning it for 15 years and downsized because I moved out and my grandma couldn't do stairs anymore. They gave my brother and I a chunk of money which resulted in us each buying a townhouse. I eventually traded up to a SFH due to covid and my brother moved in with his in laws and rented out his townhouse. Our old house is still there and has been flipped 3 times in 10 years.

Of the friends where I know the parents have sold their house and moved on, only one has been redeveloped. The rest have just been flipped again multiple times.

Tell me again how forcing retirees out is going to help the housing stock?


On a different note, with the cost of building going up significantly, I foresee there to be less and less SFH going up as the cost and benefit is going to be tipped eventually. To make the cost work for a developer it's gonna be at least a duplex. The munis are going to have to relax the FSR, height, and backing requirements some more as well as a front back duplex + a laneway with 1000 sqft each doesn't make a ton of sense. Parking also is going to be a challenge with the way these need to be built and transit is becoming a egg and chicken scenario.

[Hondaracer]

By tearing them down and adding additional units?

[westopher]

Originally Posted by CivicBlues

ITT: People are old and stubborn. We're going to be the same sooner than you think.

If I can finish my life with a 964, a condo, and money to travel wherever the fuck I want, or a house and nothing else, I won’t need convincing.
Also, we aren’t talking about punishing retirees. I’m genuinely saying it’s in their best interests, as well as the markets.

[whitev70r]

I think like you, a nice car, doesn't even have to be Porsche, Audi works for me ... . a nice sized condo with a bit of a view, and some disposable income to do shit. Happy as can be.

[GLOW]

Originally Posted by westopher

If I can finish my life with a 964, a condo, and money to travel wherever the fuck I want, or a house and nothing else, I wonÂ’t need convincing.

the lannister option of dying doesn't sound too bad either

http://www.youtube.com/shorts/EqiHlEBH1vk

[supafamous]

Originally Posted by westopher

If I can finish my life with a 964, a condo, and money to travel wherever the fuck I want, or a house and nothing else, I won’t need convincing.
Also, we aren’t talking about punishing retirees. I’m genuinely saying it’s in their best interests, as well as the markets.

Actually Honda wants to punish them by making them pay for social services that other people get for free:

Like these boomers who have millions of dollars in wealth in their home, who worked “low end” jobs who likely contributed the bare minimum on OAS and CPP through their taxes are now deferring their property taxes and are the greatest users of:

Social assistance
Social services
Healthcare

These peoples wealth could be paying for their own services, yet someone living in a 3 million dollar home is eligible for govt. funded dental care?

For lack of a better term, these boomers who did not build a retirement independent of their home are just leaches.

He called them losers as well.

[noclue]

obviously he's referring to seniors with $3M+ houses taking low income programs. We all deride rich mainlanders living in west vancouver with ferraris doing the same thing but why not seniors?

[whitev70r]

Originally Posted by noclue

obviously he's referring to seniors with $3M+ houses taking low income programs. We all deride rich mainlanders living in west vancouver with ferraris doing the same thing but why not seniors?

If you can't tell the difference in terms of critiquing between a Mainlander who just immigrated here, in a $3M home, claiming no personal wealth or asset, living off Canadian benefits vs. a senior who has been here working for 30-40+ years, paying taxes, and CPP and now claiming some seniors benefit from Cdn government ... then you must have noclue about life.

[Gumby]

Originally Posted by snowball

That's a huge job to try to get away with doing without permits lol. Gutsy.

You know how it goes with East Indian builders...

Originally Posted by PeanutButter

lol call the city man. You're going to have an entire family living there right next to you. That's going to cause issues for sure. Parking, noise, random crap. They'll probably park in the back alley.

I already have a ton of people living next to me... The main house used to be occupied by a family of 3, but a EI "developer" bought it and immediately added two suites to the basement, and replaced the garage with a laneway, which they are now "enhancing". I'm on a corner lot myself so there used to be street parking on the side, but with the increasing rentals on my block, street parking has become a premium.

What really pisses me off is that these two South Asian female renters from a few houses down the block keep smoking in the alley near my garage and they use the street/sidewalk as their personal ashtray. The ground is littered with their cigarette butts. To make matters worse, we used to have "residents-only parking" signs, but the City recently got rid of them! I live near Langara College so it's going to be brutal in September...

But hey, I'm fortunate to live in a decent SFH - I shouldn't be complaining...

[quasi]

Retirement, the beautiful but simple word retirement, such an old time word. Anyway, not something I'll be doing anytime soon or well I'm old enough to enjoy it.

To the rest of you, enjoy that shit.

[EvoFire]

Originally Posted by Hondaracer

By tearing them down and adding additional units?

Read the whole post, most of them aren't being torn down and are just continued to be flipped.

[Gerbs]

Originally Posted by whitev70r

In 2055, when your children hint at you moving out of your SFH and pay (conceivably at rate of inflation in 30 yrs time) $9000/mth for rent, I bet you will have an emotional aversion to that!

You'll want to stay in your 40-50 yr old house and say eff those greedy Gen Z bastards who just want their inheritance early.

If it's $9,000/month

and I'm selling my $5.1M 85 year old van special.

I can live off my $204-408K/year equity withdrawal

[Gerbs]

Originally Posted by EvoFire

Majority of these didn't ask for a RE boom and if they are still in the house that they've been in for 20 years, they haven't directly benefitted from the boom either other than paying increasing property taxes. The 20 year 30 year owners did not contribute to the real estate boom.

The mo's and gong gong's renting out their basement for $1,500-2,500/month per unit are benefiting from the RE boom. If they got the average basement vacancy and rent in the rest of Canada, they probably wouldn't stay.

[noclue]

Originally Posted by whitev70r

If you can't tell the difference in terms of critiquing between a Mainlander who just immigrated here, in a $3M home, claiming no personal wealth or asset, living off Canadian benefits vs. a senior who has been here working for 30-40+ years, paying taxes, and CPP and now claiming some seniors benefit from Cdn government ... then you must have noclue about life.

End of the day both are taking advantage of a program that's not intended for their wealth.

Doesn't matter if one paid taxes and CPP or a mainlander paying in sales taxes on a lambo.

[EvoFire]

Originally Posted by Gerbs

The mo's and gong gong's renting out their basement for $1,500-2,500/month per unit are benefiting from the RE boom. If they got the average basement vacancy and rent in the rest of Canada, they probably wouldn't stay.

I'd argue that doesn't add to the housing stock instead just changes it. Chances are a basement renter isn't going to buy a duplex that goes up in the same spot. You are effectively taking housing away from one lower on the totem pole and giving it to someone else who is more able to afford it.

Shits a lot more nuanced than old ppl in big homes bad.

[CivicBlues]

Originally Posted by westopher

If I can finish my life with a 964, a condo, and money to travel wherever the fuck I want, or a house and nothing else, I won’t need convincing.
Also, we aren’t talking about punishing retirees. I’m genuinely saying it’s in their best interests, as well as the markets.

***In the year 2055***

Dear Citizen!

Your request for an ICE vehicle permit is denied. If you wish to dispute this denial, please resubmit your application with the appropriate form 23C and application fee of $9400.

It has also been determined the square footage of your domicile is too large for your single occupancy residency. You will be assigned a roommate at the next climate refugee welcoming ceremony.

Thank you for your attention to this matter.