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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: Sat, 21 Dec 2024 13:10:42 -0800
Organization: A noiseless patient Spider
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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.