That's ridiculous. I might give $15,000 for the property.Originally Posted by Godfather
This in particular made big news... tiny lot, teardown home, $2.4 million
http://www.cbc.ca/news/canada/britis...tate-1.3449869
Why are the Chinese so interested in Vancouver property?
Last edited by DemonGeminiX; 03-12-2016 at 10:47 PM.
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Music was better when ugly people were allowed to make it.
I'm probably not qualified to answer but this city has been a hub Chinese immigration for a century, right from the early days of Vancouver when they were used as slave labor to build the railroad. Now Chinese is over 40% of the demographic in some municipalities.
Don't get me wrong - lovely people, food, some cool culture, and immigration is extremely important to Canada. But now that there are thousands of millionaires in China, it's the 'hot' thing to do buy here which has run the market amok. It's seen as a way for them to get money out of China to sooth unease about their economic future.
I've heard there are sometimes real-estate marketers in Chinese cities advertising Vancouver properties even.
It's tempting to move but my family and friends are all here, my wife has a 4-year contract here... I'd still rather spend $800k and have an 900 sq/ft condo than leave.
Last edited by Godfather; 03-13-2016 at 12:55 AM.
If worse comes to worse and you get the condo and then leave after 4 years, if you hold on to the condo, you could make it a rental property. More income. Unless the property taxes are too much to handle, that is...
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Music was better when ugly people were allowed to make it.
For sure man! That's our thought too. Rent is actually a REALLY lucrative investment here. So many condos and homes are vacant (apparently up to 50% downtown - they're currently studying it) with overseas landlords, so the few properties that are rented are in huge demand. Two bedroom condos downtown can easily rent for $2300/month
DemonGeminiX (03-13-2016)
the resolution has changed on my screen and I can't get it back to the way it was
Won't you love, sing along
Won't you come, to build a fire
Start a new, something blue
Won't you come, to build a fire
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Music was better when ugly people were allowed to make it.
I just found out I can do playlists on youtube.... the fuck have I been doing all these years?
We're just a battery for hire with a guitar fire
Ready and aimed at you
Pick up your balls and load up your cannon
For a twenty-one gun salute
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Music was better when ugly people were allowed to make it.
Hey! My forum time is right again!
Why wouldn't it have been right?
Buy a new computer.the resolution has changed on my screen and I can't get it back to the way it was
DemonGeminiX (03-14-2016)
It's been wrong since "fall back". I turned off "auto adjust for daylight savings time" years ago because it never changed on the correct dates. Used to manually change it twice a year but couldn't be bothered this year.Why wouldn't it have been right?
Hey, it's right half the time!
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