Earlier quoted context omitted.
Well, as someone who's considering Australia and NZ as potential destinations, both language and visa situations are big hurdles to clear for moving to Berlin. Maybe you have an European or U.S. citizenship, but they're harder towards South Americans. Also, software development salaries weren't something to write home about last time I checked (that was some a long time ago admittedly). Edit: According to Glassdoor,…
$80k AUD is €50k, sounds pretty close to me.
Without affordable housing, Vancouver risks becoming an economic ghost town
561–570 of 629 posts
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#562Earlier quoted context omitted.
I moved to Berlin recently from Sydney. My rent is 60% of what I was paying in Sydney, and for a nicer apartment. I can't believe more people aren't moving here. (Maybe I shouldn't say so. Keep the secret to those who know.)
Well, as someone who's considering Australia and NZ as potential destinations, both language and visa situations are big hurdles to clear for moving to Berlin. Maybe you have an European or U.S. citizenship, but they're harder towards South Americans. Also, software development salaries weren't something to write home about last time I checked (that was some a long time ago admittedly). Edit: According to Glassdoor,…
Visas are pretty easy to come by in Berlin - google "EU Blue Card".
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#563One of the main reasons of the housing crisis in the Bay Area is Prop 13 ( https://en.wikipedia.org/wiki/California_Proposition_13_(197... ) Prop 13 basically keeps the property taxes constant (or 1% increase) as the value of your house increases (doubles or triples). Your tax gets re-calculated only if you sell your house and the new owner starts paying potentially multiples of what the previous owner has been payin…
The housing problem is multifaceted.
"Let's just get rid of prop. 13 today." Do you really think the price of realestate, or rentals will go down?
In my county, the county workers are already paid over $100k/yr. for picking up trash on our supposedly filthy trails. Our county workers are paid very well. Where I reside we have cops everywhere. You could remove 75 percent of them, and I don't think anyone would notice, except for the fees they bring in.
Howard Jarvis knew what government did with more money; they spent it on themselves.
O.k.--I'm not in the mood for this, but the housing crisis in the Bay Area is due to a lot of factors. It's a nice place to live. Your boss wants the best. I don't know why they picked the Bay Area. There's other nice places, with temperate climates? He wants only the best for himself, and his spawn. The best house. The best schools. The best car. And by golly, he only deserves the best?
San Francisco, and Marin county are not designed to scale. San Francisco has a better shot at growth than Marin, but I leave that alone. They can go up in S.F.? But I don't think that city will ever see real subways, and not because of money.
Some Bay Area residents are NIMBY'S. Some have good reason--look at 101 at 3:30 p.m. The sewers are old, and small. The streets are narrow. It's surrounded by oceans, federal parks, etc. It's not a vast area.
Local governments almost never approve variances. Sure they take the money, but never approve. It's very difficult to build in the Bay Area. It's almost like they go out of their way to curtail growth. I would love to build a small cabin. Twenty years ago my dreams were shattered when I tried. The kind lady at the planning department, said I'll take your money for the variance, but honestly-- they never approve.
When I was a kid Howard Jarvis wrote a book, called I'm Mad as Hell. My father was a new journeyman electrician, and when my father would look at that property tax bill yearly. My father was beyond disgusted looking at those rising numbers. Every year they took money, and spent it on Themselfs. My father was a conservative Rebublican, but was all for prop. 13, along with millions of Californians. Even though I was a kid, I could feel the anger among adults. The politicians had a little game back then; raise the assessed value one year, raise the tax rate the next. There was always the same loser in this games, and it was the guy who paid the taxes.
If you honestly think the housing crisis is due to prop. 13, read ISBN: 0-8129-0858-9 I'm Mad As Hell.
By the way, I'm disgusted with the housing situation along with everyone else. I don't blame prop. 13 though. A few weeks ago I heard a lady on the radio say, "I lowered my tenants rent $500 a month." Announcer, "Why?" Moral lady, "I was having a hard time looking at myself in the mirror."
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#564Earlier quoted context omitted.
As far as I can see this is exactly what is happening. More powerful computers and communications are amplifying the power of individuals, and as a result making relationships even more important. And cities have always been the places of innovation and relationships. Just even more so now.
But it's not just cities. Philadelphia and Baltimore and Atlanta are big cities, but they aren't the right cities. It's a small number of them. It's not just urbanism, but also brand.
Atlanta has become a really excellent city for graphic artists and design firms because companies such as Cartoon Network pull artists in from the global market, and then these artists stick around and end up engaging with the local startup community. In other words Atlanta is becoming a designer hub (and the city's close-enough proximity to Disney helps boost this effect)
In addition it's also a nexus for medical startups probably due to the fact that the CDC is here.
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#565Earlier quoted context omitted.
The suburbs? There's a lot of this, yes. And the suburbs aren't necessarily very suburban: I live in a 30 floor condo tower in Burnaby, and within 2 block radius there's a dozen similar towers and twenty more 30-60 floor towers in various stages of zoning hearings (8) / building approval (7) / digging big holes (2) / towers going up (3). There are two major phenomena at play in Vancouver: 1. Across Metro Vancouver, t…
How confident are you of not getting a multi hundred thousand dollar assessment when the condo starts leaking or otherwise falling apart? Owning a condo worries me, no control over the maintenance, no ability to do any changes to it, no space to start a family.
Vancouver was plagued by "leaky condos" in the 1980s and early 1990s, but that's over now: This happened due to a rapid expansion of condo construction using building designs suited for a drier climate. There have been no signs of problems in newer buildings.
Stata corporations are normally supposed to have depreciation reports prepared in order to identify upcoming costs; unfortunately these can be waived with a vote of unit holders, and most do. The best remedy here is to not buy a unit which doesn't have a recent depreciation report.
no space to start a family
In terms of $ per unit floor area, condos are cheaper than detached houses. Sure, you don't get a lawn... but you get access to lots of other amenities. I'm not convinced that raising kids in a condo is as hard as people think.
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#566Earlier quoted context omitted.
Why isn't every house incorporated (bought by a company, then have that company bought/sold instead of the house) ? Note: this is how it's done for a lot of houses in western europe, and there it's a 100% legal way to avoid this tax. The problem is that you're going to have to pay 30% company tax on profits, and it's hard to get a mortgage. However this can always be structured so there aren't any profits (e.g. by im…
Your primary owner-occupied residence is exempt from capital gains tax in Australia. If you put a corporation in the middle, that exemption might vanish? (I don't know too much about the legal shenanigans here.)
The point of this construction is to never sell the house, so that might be avoided here as well.
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#567Earlier quoted context omitted.
Funny, the last two people I know who moved to Hawaii, moved back a year later. I'll have to find out why. But they must have a good reason - this is Iowa, and its currently 16 degrees.
I know people who love it. But it's expensive and it's a long way from anywhere. You either live in a pretty soulless city (Honolulu) or in effectively a beach community of some sort that's often dominated by tourism. I appreciate why some people are attracted to it but I could easily see it getting old quickly even if living in a condo near a beautiful beach and ocean initially seemed like the perfect life. (OTOH, i…
The other, a chef in a touristy restaurant. Made something new and different every week. He's another story - no idea why he'd give that up!
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#568Earlier quoted context omitted.
Well, as someone who's considering Australia and NZ as potential destinations, both language and visa situations are big hurdles to clear for moving to Berlin. Maybe you have an European or U.S. citizenship, but they're harder towards South Americans. Also, software development salaries weren't something to write home about last time I checked (that was some a long time ago admittedly). Edit: According to Glassdoor,…
I wouldn't touch a Software Engineering job in Sydney at $80,000. That doesn't buy much of a lifestyle in one of the world's most expensive cities. Visas are pretty easy to come by in Berlin - google "EU Blue Card".
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#569Earlier quoted context omitted.
$80k AUD is €50k, sounds pretty close to me.
However, after taxes, you're looking at about €29k, as opposed to $60k (€38k).
Re: Without affordable housing, Vancouver risks becoming an economic ghost town
#570Earlier quoted context omitted.
It's insane. The people who don't work live close to the business districts collecting social security paid for by the people who do work who have to commute in from afar for the privilege. Then the people who don't work vote themselves favorable property tax rules so they don't have to pay their fair share of keeping up the city.
I disagree. If the housing costs shoot way up, why should those people suddenly pay more money? Did a real estate bubble suddenly make it more expensive to police the area? I don't think so. The city doesn't need more money, it needs to stick to its budget.
1% is less than the inflation (even more so is the real estate is shooting up), this means that city spending will increase by more than 1% and that other younger citizens will have to pick up the slack.