Does anybody know anything about the Vancouver British Columbia Canada Housing market?
The market is very inflated. two bedroom ranchers are selling for over a million dollars. I am currently 23 years old and born and raised in Vancouver. I currently make $36/hr and $38/hr on night shifts. Last year i grossed just over $80000 CAD. I have saved up $40000 so far and i am wanting to put a down payment on a new $300000 two bedroom condo. Now here is my question what are the odds this inflated market is going to crash? Obviously i dont want to have a $250000 fixed mortgage and have my condo be worth $50000 in two years.
I know some of you are saying keep renting but i am sick of A: having a roommate B: Giving $500 a month to a chink who doesn't speak any English so i have to go through is spoiled son.
Should i take the plunge and buy an apartment or should i use my funds and invest it into the stock market. Also if i do go into the stock market would it be wise to put it into an investment firm or are those just jew shills who will steal my money?
well, as a rich and affluent chink, i suggest you keep renting to pay for my countryman's expenses. i also suggest you buy into the bubble and continue inflating my property values. thanks whitey. you lose either way.
Jayden Wright
y-you're welcome Mr.Hung
if i buy will it pop when all you gooks are leave the country?
Julian Sanchez
what am I reading
Ryder Torres
The housing market in Vancouver and Toronto will eventually burst soon, even the Chinese media acknowledged this
Nolan Diaz
>buying at the top of a bubble
Eli Richardson
Where do you plan on buying?
It probably won't go to 50k but maybe to 200k or a bit less. When?
No one knows.
What is the probability that the bubble will burst? High. When?
No one knows.
Evan Jones
So practically speaking, 500 is not bad for rent. Who cares if the son is spoiled?
Don't like your roomate? Change roommates. Don't like where you live? Change it.
Freedom is the asset you have by renting. It is valuable but difficult to quantify. If you are going to stay in BC, maybe buy the condo. If you want the optionality, rent and stop bitching.
Good on ya for saving 40k.
Matthew Torres
>millennials finally waking up to the reality
Welcome.
Camden Davis
You might want to follow this big hairy bastard for awhile before leaping into that abyss these days. greaterfool.ca/ I lived there for about 5 years and got out right before the Olympics came to town, real nice place no question but crack sheds for more than a million? Wew! Crazy.
