MSN04

Actually, I know at least 2 groups of people who buy those luxurious condos in Vancouver.

Ma ...
大C姐 發表於 2010-9-28 13:13

2 groups + a few... that gives you facts and stat to support ur point... interesting.

Very interesting to know that old couple or student with rich mom consume a lot of the 3 bedroom, 3 bathroom condos.  B/c those ones that i know usually go for the 500-750k 2 bed and 2 baths

And based on that, are you confirming that downtown is either for single people and very rich people?  I would be very disappointed if you start to go another route

MSN04

700-800K are not THAT expensive jeh....  (for single detached houses) I think a couple with d ...
大C姐 發表於 2010-9-28 13:24

depending on how you define decent?
I have no doubt that the chinese community is doing better in general (support from parents/family... etc.)   
But the majority of the people (including a lot of 2nd generation from HK/china) in Vancouver are not that lucky.  That is all indicated by the stat.  Our average down payment for mortgage is less than 10%.  (i think 7% if i remember correctly).

MSN04

The average income stat is perhaps "true" but it really depends on how you interpret it. I think i ...
大C姐 發表於 2010-9-28 13:34

You said that super rich people don't earn pay cheques... you sure that there other incomes are taken into account in the stat???  Same for very poor people (those living on the street)?

OMFG... 1st, are u saying that most people (with average or below average) are either homeless or renters??? 2nd, u said that 60k is in a very good position to buy a 500SF home.  Now, we need 2 people to buy a home?  Make up your mind?  2 people.. is hard to live in a 500 SF home.  Need to upgrade to 2 beds, 2 baths, so 500-750k.  (are we still talking about downtown, or u want to change to Mission so it is easier to afford?)

Seriously, I don't know anyone that makes 60k+ driving a 2nd-hand pos.  May be, u know?  But I think you got the point, even if someone makes above average, he/she can afford a very small box, but need to sacrifice other stuffs and live like crap.  That's why Vancouver market is not healthy

MSN04

If you live in downtown, do you really NEED to buy a car? (ie, if you choose to buy in downtown, y ...
大C姐 發表於 2010-9-28 13:40

OK... so people living in downtown should just stay there... or take bus/skytrain if wanting to go else where...  really? someone making 60k?

MSN04

回復  Look4chrisng


    Most people I know do pack lunch won't eat out. It's too expensive to eat  ...
fibbi 發表於 2010-9-28 13:45

Most people I know that are single and living alone (that was the focus that Ms. C brought up) eat out.

MSN04

making 50-60K a year is not that crazy... if 2 people make 50K each, that's already 100K a ye ...
大C姐 發表於 2010-9-28 13:47

We were talking about other 700-800k house generally in vancouver.  Please don't start going off to 500k.  You can always go extreme and claim that people making 200k household can live somewhere 300 miles away from city.

If 100k a year, it is income to price ratio of 7 - 8.  It is much higher than the 5 that you pointed out earlier.

MSN04

Making 50-60K a year is not like " a lot" lor...depends on the field I guess. Many people in program ...
fibbi 發表於 2010-9-28 13:52

yup, u will need both partner to make more than 50k to afford that.  Need to wish that neither of one gonna lose the job and the interest rate to stay low forever.

Don't u think it is sad that for a couple to live in a 30-40 yr old house, or a over-priced concrete box if the couple makes more than 100k a year?  It is doable, but I just think it is sad.

Do you still want to claim that this is a sustainable market?

MSN04

from today's RBC house afordability report, household with THAT income can only BARELY afford to b ...
匿名 發表於 2010-9-28 13:53

yes... talking about almost 2 times the average income to live in some sh1t hole in east vancouver.  I didn't know that the expectation is that low in vancouver.

MSN04

I said 60K is in good position to buy a 500sf bachelor suite.

and a couple with 2 income is  ...
大C姐 發表於 2010-9-28 14:15

Based on what you said about limiting budget.  I wouldn't say that 60k is in a good position to buy a 500sf box in downtown.  When one needs to sacrifice a lot and live on tight budget, do u still call that a good position to buy???

MSN04

OK wor... many nice 2 bedroom condo (800SF+) are selling for less than $500K around Vancouver ...
大C姐 發表於 2010-9-28 14:20

500k 2 beds condo... Vancouver, yes!  downtown?  hmm... very old ones?

800sf in HK is not bad, 800sf in canada.... hmm... i leave it to u.