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VanLord
Real Estate Talker
Posts: 269
Joined: Fri Aug 24, 2007 3:52 pm

Re: New affordable housing policies for the young

Fri Mar 31, 2017 6:55 pm

Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Sat Apr 01, 2017 10:47 am

VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html

people that actually live in Vancouver know that anyone with the right to live in Canada without a high income can get assistance with their rent (not welfare) and they dont need to wait for special government housing. 
 
jimtan
Real Estate Talker
Topic Author
Posts: 5306
Joined: Tue Jul 31, 2007 10:59 pm

Re: New affordable housing policies for the young

Sat Apr 01, 2017 3:06 pm

yzfr1 wrote:
MLS® Number: R2146986

46 7155 189 STREET, Surrey, British Columbia   V4N5S8
built 2006, Clayton heights 1,600 SQFT town home
$545,000
---------------------------------------------------------------------------

MLS® Number: R2149234
312 19936 56 AVENUE, Langley, British Columbia   V3A3X9
built 2012, Langley center by Willowbrook mall
1,000 SQFT condo / $319,000


You can find fairly new condo / town homes all day long in the Fraser valley for cheap. I don't understand this "affordable" housing nonsense. Are they talking about building affordable housing in False creek? Coal harbor? West point grey?

With the new Port Mann bridge the commute into Vancouver is very respectable. From exit of highway 1 from 200 street / 88th ave down to 200 /  64th ave they have been turning acreage lots into row homes / town homes / condos. There must have been thousands of units that hit the market over the past 10 years from the building frenzy.

A sky train running out to Langley would open up allot of this area, but who is going to pay $$$ I suppose.

In conclusion, there is no "supply" constraint on affordable housing,  there is a constraint of affordable housing in popular areas.



It doesn't look good to a renter when his rent rises 30%. He moves and the rent rises again. Hah.

Same for buyers. You can afford a starter home. But you can't afford an upgrade. So, you move out Mission. Then, you end up in Kamloops. The guys who got there first wonder why you are complaining. Duh.

The only way out is to cash out and move to remote Lethbridge. To them, you're just a speculator. Smile!
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Sat Apr 01, 2017 3:09 pm

jimtan wrote:
yzfr1 wrote:
MLS® Number: R2146986

46 7155 189 STREET, Surrey, British Columbia   V4N5S8
built 2006, Clayton heights 1,600 SQFT town home
$545,000
---------------------------------------------------------------------------

MLS® Number: R2149234
312 19936 56 AVENUE, Langley, British Columbia   V3A3X9
built 2012, Langley center by Willowbrook mall
1,000 SQFT condo / $319,000


You can find fairly new condo / town homes all day long in the Fraser valley for cheap. I don't understand this "affordable" housing nonsense. Are they talking about building affordable housing in False creek? Coal harbor? West point grey?

With the new Port Mann bridge the commute into Vancouver is very respectable. From exit of highway 1 from 200 street / 88th ave down to 200 /  64th ave they have been turning acreage lots into row homes / town homes / condos. There must have been thousands of units that hit the market over the past 10 years from the building frenzy.

A sky train running out to Langley would open up allot of this area, but who is going to pay $$$ I suppose.

In conclusion, there is no "supply" constraint on affordable housing,  there is a constraint of affordable housing in popular areas.



It doesn't look good to a renter when his rent rises 30%. He moves and the rent rises again. Hah.

Same for buyers. You can afford a starter home. But you can't afford an upgrade. So, you move out Mission. Then, you end up in Kamloops. The guys who got there first wonder why you are complaining. Duh.

The only way out is to cash out and move to remote Lethbridge. To them, you're just a speculator. Smile!

Situation appears excellent to be a renter in Vancouver since people that actually live here know that unlike in Ontario, rental control in BC applies to anything even units created after 1991.  People get their money out by selling and renting, or by selling and trading up to something bigger

to the moon!
 
jimtan
Real Estate Talker
Topic Author
Posts: 5306
Joined: Tue Jul 31, 2007 10:59 pm

Re: New affordable housing policies for the young

Sat Apr 01, 2017 3:14 pm

You guys are young. You'll be dummies if you don't think long term. Pray that Vision Vancouver has the guts to do the right thing. Otherwise, one day your sweet investment becomes sour as da Revolution comes. Hah.
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Sat Apr 01, 2017 3:16 pm

jimtan wrote:
You'll be dummies

what you say is what you are
 
jimtan
Real Estate Talker
Topic Author
Posts: 5306
Joined: Tue Jul 31, 2007 10:59 pm

Re: New affordable housing policies for the young

Sun Apr 02, 2017 5:47 am

VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html


Have you considered running for office?
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Sun Apr 02, 2017 8:17 am

jimtan wrote:
VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html


Have you considered running for office?

private members bills rarely pass
http://www.revparl.ca/english/issue.asp ... 91&art=348
 
jimtan
Real Estate Talker
Topic Author
Posts: 5306
Joined: Tue Jul 31, 2007 10:59 pm

Re: New affordable housing policies for the young

Mon Apr 03, 2017 10:49 am

Here's my take from my experience.

The French think big. The Americans play big. The Swiss actually do big.

What's​ big about Vancouverites?
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Mon Apr 03, 2017 10:59 am

jimtan wrote:
Here's my take from my experience.

The French think big. The Americans play big. The Swiss actually do big.

What's big about Vancouverites?

Things are different here. its a new normal
 
VanLord
Real Estate Talker
Posts: 269
Joined: Fri Aug 24, 2007 3:52 pm

Re: New affordable housing policies for the young

Mon Apr 03, 2017 12:01 pm

jimtan wrote:
VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html


Have you considered running for office?

Yeah I have, I'm Pres of one strata council and treasurer on two more....Would you vote for me, if I ran for city council??
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Mon Apr 03, 2017 12:09 pm

jimtan wrote:
VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html


Have you considered running for office?

Thats better than watching any standup shows!
 
eyesthebye2
Real Estate Talker
Posts: 1087
Joined: Sun Jul 27, 2014 6:41 am

Re: New affordable housing policies for the young

Mon Apr 03, 2017 6:38 pm

jimtan wrote:
Here's my take from my experience.

The French think big. The Americans play big. The Swiss actually do big.

What's​ big about Vancouverites?


Dont you mean "what about Canadians"?
France, US and Switzerland are all countries, Vancouver is a city.
 
tdma800
Real Estate Talker
Posts: 2884
Joined: Wed Jan 23, 2008 9:12 am

Re: New affordable housing policies for the young

Tue Apr 04, 2017 6:24 am

Metro vancouver is a whole place too- a new normal - its different this time

To the moon
 
jimtan
Real Estate Talker
Topic Author
Posts: 5306
Joined: Tue Jul 31, 2007 10:59 pm

Re: New affordable housing policies for the young

Tue Apr 04, 2017 6:27 am

VanLord wrote:
jimtan wrote:
VanLord wrote:
Interesting, the city is talking out both sides of it mouth again...with the housing reset, but setting unaffortable rents for its affordable housing projects

http://www.metronews.ca/news/vancouver/ ... ents-.html


Have you considered running for office?

Yeah I have, I'm Pres of one strata council and treasurer on two more....Would you vote for me, if I ran for city council??


Depends on what SOLUTIONS you propose?

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