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From: Alan <nuh-uh@nope.com>
Newsgroups: comp.sys.mac.advocacy
Subject: Re: OT: Vancouver BC - who can afford to move THERE?
Date: Tue, 7 Jan 2025 08:40:36 -0800
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On 2025-01-07 07:33, Tom Elam wrote:
> On 12/21/2024 4:10 PM, Alan wrote:
>> On 2024-12-21 12:51, Tom Elam wrote:
>>> A few years back Alan Baker claimed that his tiny 500 square foot 
>>> Vancouver condo was valued about the same as my 3000+ square foot 4 
>>> bedroom, 2.5 bath, 2 car garage Carmel Indiana home. He stated the 
>>> difference was Vancouver is such an attractive place to live that 
>>> people will pay much higher prices for housing.
>>>
>>> I claimed that the cause was a Vancouver housing shortage. That was, 
>>> and is even more now, a valid claim. Watch this recent video:
>>>
>>> https://www.youtube.com/watch?v=wD5ejnj2miw
>>>
>>> Recent Redfin estimates for similar condos in Alan's neighborhood are 
>>> valued at about $1,000/sq ft, making Alan's humble abode's value 
>>> about $500,000. Assuming that's in $Canadian, about $US350,000. My 
>>> home based on recent comparables is valued at about $US490,000 on 
>>> Redfin, or about $US200/sq ft.
>>>
>>> Of course the 2 properties are quite different. A 2618 W 15th Avenue 
>>> 2600 sq ft, 4 bedroom, 2.5 bath, single family house at in Alan's 
>>> neighborhood shows a Redfin value of $C3,000,000 or about 
>>> $US2,100,000. Fixer-uppers in different neighborhoods can be found 
>>> for less.
>>>
>>> If Vancouver incomes were higher than Carmel that would help at least 
>>> make higher home values affordable. Median Vancouver household income 
>>> is about $C82,000 or $US57,400.
>>>
>>> https://globalnews.ca/news/10401449/vancouver-full-blown-crisis- 
>>> housing- affordability-report/
>>>
>>> https://www.point2homes.com/CA/Demographics/BC/Vancouver- 
>>> Demographics.html#:~:text=Median%20household%20income%20%2482%2C000%20,tax%20household%20income%20%2472%2C000
>>>
>>> For Carmel? $US130,000. Housing here is a heck of a lot more 
>>> affordable than Vancouver BC.
>>>
>>> https://www.city-data.com/income/income-Carmel-Indiana.html
>>>
>>> Bottom line? No wonder 67 year old not-retired Alan Baker
>>> still lives in the tiny, very expensive, condo he moved into in Fall 
>>> 1994, 30 years ago. Very unlikely he can afford much of an upgrade.
>>>
>>
>> Are you still whining, Liarboy?
>>
>> And I'm not 67.
> 
> Still think I'm just whining, Liarboy?

Definitely, asshole.