Priced out of home ownership – 'It makes me want to throw up'

Re:Priced out of home ownership – 'It makes me want to throw... by ZoomerCretin on Monday May 27, 2024 @06:28PM (#40495371)

Vancouver has obscene housing prices because the city and the politically connected spend tens of thousands of hours fighting against any new housing, and any new supply. Just look at what happened when the Squamish Nation decided they were going to build high rises on the land they were given: https://reason.com/volokh/2024/03/14/canadian-indigeneous-na...

The entire city and all of the NIMBYs cried about their "neighborhood character" and tried every legal trick they could to block the development: threatening to not connect it to utilities.

Vancouver literally has single family homes within half a mile of downtown! Clearly there is room for growth.

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Re:Priced out of home ownership – 'It makes me want to throw... by seanmcdirmid on Monday May 27, 2024 @07:14PM (#40495695)

I think a lot of people still feel burned by the property crash in the 1990s, when you saw billboards on I5 driving up offering flats for $100k in 1997.

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Re:Priced out of home ownership – 'It makes me want to throw... by seanmcdirmid on Tuesday May 28, 2024 @01:56AM (#40497754)

(Note I actually remember seeing those billboards and pointing it out to my gf at the time on how affordable Vancouver housing was, when she just spent $200k on a two bedroom in Issaquah)

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Re:Priced out of home ownership – 'It makes me want to throw... by __turbobrew__ on Monday May 27, 2024 @11:46PM (#40497139)

British Columbia passed province wide zoning to allow quad plexes on every single family home lot, so hopefully that will help.

Vancouver is full of a population which kicked out the ladder after they got theirs. We moved away a few years ago and haven’t regretted it since.

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