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The decline of Vancouver

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Re: The decline of Vancouver

#61
post #21

Earlier quoted context omitted.

Some of the owners move their families over. But they often own more than one property, so the unused ones are completely vacant.

I still don't understand why they don't want the rent money on those properties.

It's possible that they are so wealthy that their income from other sources far outswamps whatever rent they would accrue from the properties, so it's not worth the inconvenience of renting them out. Remember, many of these properties are purchased outright (no loan) and held as long term investments.

Re: The decline of Vancouver

#62

Vancouver is one of the worst places to live in the western world imo. Poverty and violence are much bigger problems than people realize. I have many friends who already have pretty bad health problems, and they're only in their 20s. I have no idea why this is happening, but I believe stress and hopelessness must be playing a large role. Kids can't seem to afford to do anything in this city except abuse drugs and van…

I'm sorry but this is the single most retarded description of Vancouver, I know Vancouver has fucking problems but you've turned it into something like LA riot. You know who is getting squeezed? It's people who grew up in Vancouver, whether they are Aboriginal, Indian, Asian, Black, Caucasian, Chinese, Whatever. I just don't think this has anything to do with race but more with socioeconomic classes. Are certain cult…

[deleted]

Re: The decline of Vancouver

#63

Surprised there was no mention of Hong Kong as Vancouver is often dubbed Hongcouver and Hong Kong has to deal with the same kind of problems right now (that is, the younger generation can't afford to live there).

> the younger generation can't afford to live there

So live somewhere else. I don't really get the problem, seems like normal market forces to me. Canada is a huge country.

Re: The decline of Vancouver

#64
post #25

Earlier quoted context omitted.

If you count the main suburbs of Vancouver, there are already over 2 million people. The transit system in Metro Vancouver moves over 400k people a day.

Then the city should be able to absorb the increased demand in housing/apartments? SF refuses to allow for more housing and mass transit isn't extensive enough so you are required to live in certain areas. And Manhattan is an island so that's why you get outrageous pricing there. People want to live close to where they work and there's a certain commute time that they are willing to put up with. If people could live…

The geography of Vancouver prevents expansion. Rivers and inlets cut across all the major regions and it's almost impossible to add more mass transit.

People are moving further and further out but the commutes are pretty outrageous. I live in a suburb that is a 45 minute bus commute to the city and nearly every house in my neighborhood is worth a million dollars.

Re: The decline of Vancouver

#65
post #18

Earlier quoted context omitted.

[deleted]

Experientially, Vancouver has high rental prices, and a shortage of rental properties on the lower end. I don't think the numbers reported by the site you linked to accurately reflect the reality of living in a city like Vancouver. Counter evidence: http://www.cbc.ca/news/business/vancouver-tops-list-of-most-... And http://www.vancitybuzz.com/2014/02/vancouver-expensive-city-...

Vancouver has high rental prices

Compared to most other cities, yes.

Compared to the cost to buy identical properties, Vancouver's rental prices are extraordinarily low. I'm paying $1700/month to rent a two-bedroom condo which would sell for around $500k; after strata fees and property taxes, my landlord is making less money than if he had bought Government of Canada bonds.

If you look at detached houses, the situation is even worse; for $2000/month you can rent a house which would cost over a million dollars to buy.

Re: The decline of Vancouver

#66
post #62

Earlier quoted context omitted.

I'm sorry but this is the single most retarded description of Vancouver, I know Vancouver has fucking problems but you've turned it into something like LA riot. You know who is getting squeezed? It's people who grew up in Vancouver, whether they are Aboriginal, Indian, Asian, Black, Caucasian, Chinese, Whatever. I just don't think this has anything to do with race but more with socioeconomic classes. Are certain cult…

[deleted]

I love how you ignore his points and only comment on his generalized description of racial groups. Then proceed to reply rudely.

Also, as someone from Vancouver, there are black people - albeit very scarce.

>Kids can't seem to afford to do anything in this city except abuse drugs and vandalize.

Clearly your experiences say more about you and the people you know than the actual city.

Re: The decline of Vancouver

#67
post #62

Earlier quoted context omitted.

I'm sorry but this is the single most retarded description of Vancouver, I know Vancouver has fucking problems but you've turned it into something like LA riot. You know who is getting squeezed? It's people who grew up in Vancouver, whether they are Aboriginal, Indian, Asian, Black, Caucasian, Chinese, Whatever. I just don't think this has anything to do with race but more with socioeconomic classes. Are certain cult…

[deleted]

> Clearly, you have no fucking clue and should just shut the fuck up. Stop polluting the airways with your ignorance.

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Re: The decline of Vancouver

#68
post #66
post #62

Earlier quoted context omitted.

[deleted]

I love how you ignore his points and only comment on his generalized description of racial groups. Then proceed to reply rudely. Also, as someone from Vancouver, there are black people - albeit very scarce. >Kids can't seem to afford to do anything in this city except abuse drugs and vandalize. Clearly your experiences say more about you and the people you know than the actual city.

Literal minded.

Re: The decline of Vancouver

#69
I live in Vancouver, and have for many years.. as such, I hope I can try and help inform an otherwise misinformed set of posts. I suspect they're off-base largely because a lot has changed since some of the authors of other posts have lived here.

First, there are many technology companies in Vancouver. Hootsuite, Bench, A Thinking Ape, Clio, Slack, Amazon.. these are just the ones that came to mind. I know authoritatively that each and every single one is looking for senior sales, marketing, engineering and product talent.

Here is a slightly more comprehensive list: http://www.techvibes.com/company-directory/vancouver/tag/sta...

Is the tech ecosystem as big as in SF? No.. but where else is it?

Second, yes.. it is an incredibly expensive place to live. Part of this is due to the large number of homes which are owned by foreigners and are vacant. I'm not aware of a concrete way of measuring this.. but anecdotally, I suspect it's close to 30-40% of the downtown residential core. This is definitely a worrisome issue, but too complex to cover in just a few lines of this post.

Third, be careful not to compare (downtown) Vancouver with it's suburbs. The downtown core is one of the few places in the world where people live and work in the same area... there are a multitude of activities. As many as you'd expect of a city of this size.

Finally, commutes range from 5-30 minutes (and that's going to cover people who walk, bike and take transit).

Vancouver is consistently rated as one of the most livable cities in the world.. but there will definitely need to be changes if we want that to continue to be the case in the long term.

Re: The decline of Vancouver

#70

I've been going to Vancouver regularly (about once a year) since the mid 90s. As the return of Hong Kong to China approached, the influx of Chinese investment spiked. It started in Vancouver, people who had been in the better parts of Vancouver and were of retirement age sold and moved out (basically the first wave) and those being bought out moved to places like the Okanogan, etc. Then, single story buildings in Kit…

Vancouver and BC have a close knit, vibrant tech community with a long history. I've never been short of a great work in Vancouver since 1990. Price Waterhouse Cooper has a "BC Techmap" project: http://www.pwc.com/ca/en/technology-industry/bc-techmap.jhtm... This is a big poster you can order. Unfortunately, the preview site for it is defunct. The map traces the linage of tech companies in BC back to the 1940's. Here…

My take on vibrant is visibly growing. I don't mean in an SF or Palo Alto sense - but more startups and other companies opening shop, employing locals and attracting talent. Meet ups, conferences, the like.

I don't rule out Vancouver has companies and a tech scene, but it has potential (and has had) for more. I think of Austin, Raliegh-Durham or Berlin as examples of comparison than SF or Palo Alto.

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