GetFocht Posted March 7, 2021 Share Posted March 7, 2021 I mean, how is anyone supposed to buy anything? I can't find a house, the car I want isn't in stock. We're all supposed to be quarantined and unemployed. 2 Link to comment Share on other sites More sharing options...
Popular Post Aladeen Posted March 7, 2021 Popular Post Share Posted March 7, 2021 Interest rates low = increased borrowing = increased spending = increased prices. 5 Link to comment Share on other sites More sharing options...
Toni Zamboni Posted March 7, 2021 Share Posted March 7, 2021 numba go up 3 1 Link to comment Share on other sites More sharing options...
AV's Coin Posted March 7, 2021 Share Posted March 7, 2021 too the moon... dont sell... diamond hands 1 1 Link to comment Share on other sites More sharing options...
luckylager Posted March 7, 2021 Share Posted March 7, 2021 1 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post luckylager Posted March 7, 2021 Popular Post Share Posted March 7, 2021 12 minutes ago, Aladeen said: Interest rates low = increased borrowing = increased spending + limited supply = increased prices. Fixed 1 4 Link to comment Share on other sites More sharing options...
Popular Post Dazzle Posted March 7, 2021 Popular Post Share Posted March 7, 2021 35 minutes ago, GetFocht said: I mean, how is anyone supposed to buy anything? I can't find a house, the car I want isn't in stock. We're all supposed to be quarantined and unemployed. That's not true at all. 1 1 2 1 Link to comment Share on other sites More sharing options...
khay Posted March 7, 2021 Share Posted March 7, 2021 28 minutes ago, Aladeen said: Interest rates low = increased borrowing = increased spending = increased prices. Also, COVID is making people realize that 2bdrm apartment they have is not enough to accommodate a work space for a couple. Making people desiring for bigger space and the rest is as @Aladeen explains. Low interest means low barrier to buying a home. Link to comment Share on other sites More sharing options...
Tre Mac Posted March 7, 2021 Share Posted March 7, 2021 I keep my money in a shoe. 4 Link to comment Share on other sites More sharing options...
Rabbit Posted March 7, 2021 Share Posted March 7, 2021 1 hour ago, Aladeen said: Interest rates low = increased borrowing = increased spending = increased prices. Also COVID 19 makes no travelling, people save the buy-power; People change the working in office to working at home, need more space. Apartments require lift due to too many floors, people do not trust to take lift due to COVID. Therefore, they go to house and town-house, that making the price of house/town house up, but apartment not. Link to comment Share on other sites More sharing options...
Mike Vanderhoek Posted March 7, 2021 Share Posted March 7, 2021 Been going on half a decade now on the Sunshine Coast. Bought our home in 2015 for 285k now worth over 580k. We just snuck into the market with some good fortune. You can't even find rentals anywhere here now but people keep moving here so....... Link to comment Share on other sites More sharing options...
Captain Canuck #12 Posted March 7, 2021 Share Posted March 7, 2021 (edited) I have to say that the only way you have any hope of finding a prime downtown location now, for little or no rent, is if you're homeless and prefer not to work. Puzzling, isn't it. Edited March 7, 2021 by Captain Canuck #12 Link to comment Share on other sites More sharing options...
GetFocht Posted March 7, 2021 Author Share Posted March 7, 2021 We looked as far out as Hope. 800,000 for anything sizeable and decent. Link to comment Share on other sites More sharing options...
Popular Post canuktravella Posted March 7, 2021 Popular Post Share Posted March 7, 2021 ya its bc its never going down you wanna live in alberta or ontario or bc ? bc wins every time im looking at buying a few acres in kooneys got 85k saved gonna try get 1.5-3 acre lot in the mountains most are 90-100k but sell 20k cheaper at closing gonna build a cabin in next 3 yrs hopefully bartend at the ski hills or in nelson. Gonna sell car buy a truck and lil 5th wheel until cabin finished in 2-3 yrs no more expensive rent im done with the city its like being a slave 1 1 4 1 Link to comment Share on other sites More sharing options...
stawns Posted March 7, 2021 Share Posted March 7, 2021 10 hours ago, GetFocht said: I mean, how is anyone supposed to buy anything? I can't find a house, the car I want isn't in stock. We're all supposed to be quarantined and unemployed. Link to comment Share on other sites More sharing options...
Gurn Posted March 7, 2021 Share Posted March 7, 2021 8 hours ago, Mike Vanderhoek said: Been going on half a decade now on the Sunshine Coast. Bought our home in 2015 for 285k now worth over 580k. We just snuck into the market with some good fortune. You can't even find rentals anywhere here now but people keep moving here so....... Sell now, move to Powell River, pocket 200,000, go on lots of vacations. Link to comment Share on other sites More sharing options...
Violator Posted March 7, 2021 Share Posted March 7, 2021 9 hours ago, Mike Vanderhoek said: Been going on half a decade now on the Sunshine Coast. Bought our home in 2015 for 285k now worth over 580k. We just snuck into the market with some good fortune. You can't even find rentals anywhere here now but people keep moving here so....... Most over a million sales they have ever had over here Million gets you something really nice over here. 1 Link to comment Share on other sites More sharing options...
Sean Monahan Posted March 7, 2021 Share Posted March 7, 2021 1 hour ago, stawns said: The crazy part is that if it is, in fact, a bubble the government can't ever let it burst. Our greatest economic driver in BC seems to be real estate. People living high off the hog off the equity they've accrued in their homes as the market shot up over the last ten years or so, over-leveraged on debt that they can't really afford. A housing bubble burst would be catastrophic. I feel like it has to stop at some point. You can't roll with interest rates <2% forever and expect we won't see some fallout from that. I'm currently trying to buy my first place (a condo) but a part of me almost thinks it's better to just rent for a few years and wait to see if this whole thing blows up. I've got a government job, it's secure, so I could potentially capitalize. 1 Link to comment Share on other sites More sharing options...
Chris12345 Posted March 7, 2021 Share Posted March 7, 2021 1 hour ago, canuktravella said: ya its bc its never going down you wanna live in alberta or ontario or bc ? bc wins every time im looking at buying a few acres in kooneys got 85k saved gonna try get 1.5-3 acre lot in the mountains most are 90-100k but sell 20k cheaper at closing gonna build a cabin in next 3 yrs hopefully bartend at the ski hills or in nelson. Gonna sell car buy a truck and lil 5th wheel until cabin finished in 2-3 yrs no more expensive rent im done with the city its like being a slave quiet....don't tell them our secret 1 Link to comment Share on other sites More sharing options...
stawns Posted March 7, 2021 Share Posted March 7, 2021 5 minutes ago, Sean Monahan said: The crazy part is that if it is, in fact, a bubble the government can't ever let it burst. Our greatest economic driver in BC seems to be real estate. People living high off the hog off the equity they've accrued in their homes as the market shot up over the last ten years or so, over-leveraged on debt that they can't really afford. A housing bubble burst would be catastrophic. I feel like it has to stop at some point. You can't roll with interest rates <2% forever and expect we won't see some fallout from that. I'm currently trying to buy my first place (a condo) but a part of me almost thinks it's better to just rent for a few years and wait to see if this whole thing blows up. I've got a government job, it's secure, so I could potentially capitalize. hard to say what's going to happen, but at some point it's going to have to burst to some degree. It's getting to the point where there's going to be a very small number of people who can afford to buy a home. I'd love to sell my acreage at some point and retire,, but it's going to be tough to find a buyer Link to comment Share on other sites More sharing options...
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