>Looking at a nice, medium sized, 2 bedroom apartment in a comfy neighbourhood.
>Price: US$3 million+
What the fucks happening to house prices? This shit just isn't tenable in the long run and pretty soon no one will be able to afford a house except for the top 1%.
I heard it's the same in Vancouver, Sydney, San Francisco and London too.
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When that happens we burn their houses down
>new
>center of city
>overlooking beach
there's your problem user
>no conifers in sight
>us$3million
not worth
It's the south side, not exactly near the CBD..
cant make money building housing for people who cant afford it
Right in the middle of Jew York what do u expect?
It's true, the Hong Kong chinks have taken over my old hometown of Vancouver. Then again, this is what happens when you scare businessmen by giving Hong Kong back to China...
I heard 50% of apartments in HK are "public housing" at leasts that what all the BernieBros point to as an example of "successful urban development housing projects." Is it just commie lies?
Tough shit. You'll just have to make money doing something else other than your goddamn duty to society.
yes, comrade
Toronto home prices have jumped 30% in the past 12 months. The average home now costs something like 7x the average household income. It is getting ridiculous
>Vancouver, Sydney, San Francisco and London
those ain't towns for the working class
What makes Vancouver and Sydney so expensive? There's for all intents and purposes endless room for expansion in British Columbia, but there's no housing boom. Are banks heavily regulated or something?
sydney is actually the 2nd most expensive city in the world and vancouver is ranked 3rd most expensive for housing
I'm not an expert on why though
Vancouver is in a valley that is trapped between mountains and the ocean. It has nowhere to expand, and it is already taking over the most important farmland in the region to construct empty megamansions.
>apartments in HK are "public housing"
L0L inna Murika we call 'em "projects"
Toronto as well
Best time to be a real estate agent.
>Be Canada
>Small businesses fail
>Stock investment fail
>Currency is shit
>Industries like mining and oil and gas crashed
>Everything is expensive
>Everyone getting on welfare
>Let in immigrants in like a prostitute, to tax and suppress wages and inflate rental and housing prices
>Only way to make serious money is to invest in property.
>Wonder why housing prices are over 1million in vancouver./Toronto.
Yeah, the game is so fucking rigged, working towards my real estate licence now. Not like I could find honest work with my mechanical engineer serious g degree.
Sorry for typos. Phonephag here.
I'm just going to go into real estate and invest some money in crypto
I hope you're chinese or Punjabi. These fucks only use real estate agents of their own ethnicity, who specialize in catering to the new immigrants
I actually wondered that. Vancouver especially seems to have so much space around it.
>Live in midwest.
>Go buy a house; 4 bedrooms, 4 bathrooms, office, basement, etc, 2400 sq ft, huge backyard, in a very nice and established neighborhood.
>$105,000.
I don't see anything wrong with the housing prices desu.
Real Estate people are pretty looked down on though, aren't they?
As a profession it's even regarded as being lower than HR.
>Going into real estate right now
The market is already bursting. The Home Capital drop in deposits is starting to freak people out
Home sales in Toronto have already plunged by 60% and people are walking away from their deposits. We're now at 2008 territory
I'm not unfortunately. Sad part is that I'm not even white... At least whites have a "honest" reputation.
sydney is FUCKED
royally FUCKED
Yeah, Quantitative Easing traded home ownership for a few more years of petrodollar. Bitches prefer security to freedom
Doesn't matter. The course is only 1000$ and if I can get to sell my parents house within 3months. That would net me around 50k.
It is fucking better than nothing or being a wage cuck engineer.
It's sort of a scheme to get money out of the younger generations because they aren't buying houses. Everyone's staying in cities, so land developers are compensating. I saw a Kentucky poster last night say a nice 3 bedroom home in his town was 20k. In my city a 3-person apartment runs like $2000/month per head.
Once all the boomers die there's going to be a massive amount of big houses in the suburbs up for sale--then all the millennials will move out into the suburbs leaving hundreds of apartment complexes bankrupt. The US is falling into this cycle, and I am going to love watching it crash.
If you have experience just move to the states. Numerous cities there are looking for engineers and since you have experience it shouldn't be hard to find work also much better wages
Or if you want to do it your way be my guess but if the market crashes then you'll be back to square one
Hawaii here, Specifically the island of Oahu
My 2 bedroom, 1,000sqft (92m square) is $2500USD a month. Most 2 bedroom houses/condos in good (not nice, good) are valued well over 1 million USD
Got the same thing 30 min north of Dallas for $210k. The market is great here.
I mean Texas is for cucks. No one come here. It....it sucks senpai. Feels bad man :(
Fuck off we're fall. You can work in Alaska if you want, the Trans-Alaskan Pipeline is falling apart.
Going into real estate too. Two out of six classes are done. I fell for the web development meme. After 8 years I'm done. Pajeet can do that shit.
A house just sold on my street for 3 million. Looks like I have some new chinese student neighbor.
Fuck capitalism n shit
Australia has infinite land and a tiny population and our house prices are through the roof. A small apartment in Sydney sets you back a median of $1 million, a detached home is usually closer to $2 million.
It's too late. The problem is you keep calling for meme careers. If it's popular by the time you're getting I to it, it's too late. You need to be ahead of the curve.
It's the fucking Chinese they come to Vancouver and buy all houses pushing the cost up to such an unaffordable leave that only other rich chinks can buy them it's fucked and Trudeau isn't doing anything Canada is becoming less and less white the more chinks come in they don't even speak English
Well it's kinda of expect. Did these fuccboi and Jews think it's a good idea to give everyone gender studies and then fucking raise the prices to absurdity for fucking jobs that pay minimum wages then bam! Crashes waiting to happen. And what poor Elites and whores going to do when every dollar is shit? Probaly going to do 30's style of suicide and jump out a hotel room. Also iseral will suffer as well. How you supposed to get (((((Reperations)))))) when you killed off every good country economy and the other fucking hate you? Sorry for rambling like a beta autistic fags but the words I have to say is this. You could have prevented this.
Nothing wrong with capitalism. Whats wrong is letting the wealth concentrate in the top. Every few generations there needs to be a shaking up, not a socialist redistribution, but a culling of useless, greedy, jewish types
Meant to say they.
stay in your own country
FANKS CAPITALISM
>checks flag
How are the cage cities going?
It's not too late for real estate. Not at all. Especially not where I'm at.
>What the fucks happening to house prices?
You happened, tell your relatives to fuck off from my country, cunt
Was going to fall for the web development meme as well.
At this point the only thing that brings profit is weekly trading crypto.
Move to monaco. let me elp you out for 3m
montecarlo-realestate.com
I don't have experience.
So I made up 2 years of experience and fired up over 1000 resumes without a cover letter.
I got very few callbacks. So even if I collected 2_3 years of experience it will be a struggle. The only thing that works which I have heard is having a LinkedIn profile with over 1000 connections AND experience.
Good luck getting anything for HK$20m in Repulse Bay lmao
>montecarlo-realestate.com
If you're rich you easily make that back through the tax savings
real estate is modern slavery
>5 mil for a tiny ass box in a building full of tiny box condos
I feel like apartments are scams.
>Home owner association
>You don't own land.
>Vancouver
Vancouver and Hong Kong are the most expensive places in the world, I think.
Every house in this picture is worth over $3.6million USD.
But that's Dunbar, Westside Vancouver. But even including the ugly Eastside, the average price for a detached house in all of Vancouver is ~$1.6million USD.
You realize in the US alone there are 8 million Millionaires, 80% of which are first generation, in that they came from nothing and now are balling.
There are way more people who can afford stuff like this now, you're just not one of then, sort your shit out OP!
Meaning in only seven years the average person could pay off a whole house? Lucky you.
About to cash out of Sydney and move up to Port Macquarie.
Will sell my 11 year old duplex (ie. half a house) in suburban Sydney for 1.6m AUD. Will buy acreage with a friggin' mansion up the coast for 900k. Retire on the rest. 40 years old. I weep for my children.
That's because Vancouver imposed a 15% foreign investor tax, so the low-end people tried out the Toronto market.
2 things happened:
1. Vancouver basically made it very easy to bypass that tax, so you don't have to worry about it anymore.
2. Foreign buyers discovered that Toronto is not exactly Vancouver. If you don't HAVE to live there, why would you? And these people have enough money that they want to live somewhere beautiful like Vancouver or Zurich, and Toronto is not anything like those places.
>There's for all intents and purposes endless room for expansion in British Columbia,
Maybe you should check a map.
Vancouver is bordered by mountains and ocean. Where are you going to expand? lol
Don't live in Hong Kong, Vancouver, Sydney, San Francisco, or London. It's not like your only choice is to live in the biggest city in your country(well, I guess if you live in Hong Kong it is) or some small hick farm town. Just pick a city with like a six figure population. There you can afford a downtown condo in a tower and walk or take the bus to work, or a house in the suburbs and drive to work in like 30mins.
It's sort of unavoidable when you have a corporate job.
WAHHHHH
That person has something nicer than me.
>8 million Millionaires
If by millionaire you mean "having a net worth of over $1 million dollars", that's not very impressive.
Maybe they just bought a house in San Francisco for $200k 20 years ago which is now worth over a million, ever think of that
Asian rich countries tend to have massive public works projects
No one is forcing you to work that job, it's your choice to go to Hong Kong.
Tfw in Texas and get a well built 3,300 sq ft house in a lily white suburban neighborhood close to the water for $270K. Paid off quickly because everything else is cheap too and incomes can be comparable to expensive big cities.
Why do you people live in these shit tier places and then complain. Every faggot in california is trying to move to texas come on based northern bros, we could use you here.
>What the fucks happening to house prices?
Asians
but thats a generic subdivision
>3.6 mil
how
Projects are shitty because niggers live in them. A project of all peaceful low t future oriented asians could be magical
On top of the low rise suburbs, obviously
>What the fucks happening to house prices
Too many of you. And that applies to Vancouver, Sydney, and San Francisco as well.
The number of people increases the land stays the same.
Vancouver is a beautiful international resort city with low crime and a great climate, with extremely limited available land.
It's real-estate prices haven't had a link to local income for a long time.
It's literally a place FULL of people who ski, yacht, play tennis and golf, mountain-bike, garden, drive Range Rovers, Volvos, Ferraris, Lamborghinis, McLarens, Audis, Bentleys, Maseratis, Rolls-Royce, Mercedes, and when they get tired they fuck off to Hawaii for a few weeks to have a nap.
Trade and travel-wise it's significantly closer to Asia, in hours travelled, than L.A. And Canada is a very stable, modern country. Whatever happens to Canadian real-estate, Vancouver won't be badly affected; it's a completely different situation.
i bought a moderately run down 3 story 6 bedroom house on 7 acres that was about $30k
being i am a man with actual skills i will fix this bitch up in no time.
i really hated australia for this reason
and others
but especially this reason
once i got to a certain age it was just obvious that australia is a sinkhole for debt and credit loops
>Be australian
>try to retire at 40 on 700k emu dollars liquid and upkeep on 900k emu dollar house
>interest rates what are those?
Where did you buy?
ass fuck nowhere.
just how its supposed to be
Dunbar is a 100-year old neighbour in Vancouver. It's not a subdivision.
$3.6 million is the average.
There are houses from $2.2millionUSD to $56million+ USD. (But nothing less than $2.2, and that would be lot value only for a slightly smaller than average lot. Condos are, idk really, but I guess $1.5million and up, on the Westside.)
>having net worth of $1mm is not impressive
>says local barista
L.I.A.R. there aren't 3 story single wides unless you stacked them.
Wealthy neighborhoods in big 1st world cities have always been expensive. This thread is bullshit. Sage.
This. It will be a boon in the long run for the younger generations.
Which is why we're all mostly living with our parents and family and saving money for when that DOES finally happen.
I can't wait for a 5k dollar 2 bed 1 bath house in the country side desu senpai. Already dropping low in some rural areas.
Good point. Densification is already happening along main corridors. Recent land assemblies in East Van (the ugly part) see houses valued at $1.1 million USD being bought out at $3.4million USD.
kek.
its a victorian style "farmhouse"
Did you just say Vancouver is closer to Asia than it is to Los Angeles?
I hope you're not counting on that, because it's not going to happen. Unless you want to live in places like Detroit.
it's still crazy, no houses in the photo look like an estate
it's an overpriced subdivision
that sure looks like a picture of Waikiki
>pretty soon no one will be able to afford a house except for the top 1%.
that's (((their))) plan bro. the real estate jews have always had a strong game all over the world.
congrats, now you live in literally where: the state.
I'm not sure if you're being serious but Waikiki would have much nice water than that.
Yea 'public housing' with suicide nets, and the only doors at the bottom go straight into the factory.
I wanna buy acreage on the coast too but I don't have some over priced house to sell to buy it :(
No, sorry.
What I meant is that for shipping goods, and for people who travel between North America and Asia for whatever reason*, it is much better in terms of time-saved to go Asia-Vancouver than Asia-Los Angeles.
Vancouver-to-LA is less than 3 hours. (By plane, obviously.)
*frequently, with rich Asian families the mother and kids will move to Vancouver because it is a nicer place to live than China, has better education, health, etc. The husband will allegedly stay in China and run his business and entertain mistresses.
Yeah and desu they're pretty alright.
Some can be grotty but others decent. Plus there's no real crime or anything because most people here are very law abiding.
foreign investment is driving up house prices.
to much competion = high prices.
in australia, the chinese are happy to pay 10% more than the purchase price, just so they get the house.
then they sit on them as investments and they stay vacant, they dont rent them out.
in melbourne, there is an estimated 80,000 houses/units/apartments/townhouses vacant, owned by foreign investors, mainly chinese.
>they dont rent them out.
What's the point in that?
housing prices are affected by location, numbnuts. 3 million dollars could get you like 500 acres out in the middle of nowhere.
:-(