I Live in World's Most Unaffordable City

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Wow, Vancouver, BC, Canada has gotten the "honor" of being anointed the world's most unaffordable city:
New report says urban land policies and rules making homes unaffordable. - Yahoo! Canada Finance

This basically started circa 1997.

I'm not sure how reliable the criteria of the report is, but it is true that Vancouver is quite expensive. I've seen small businesses dropping like flies, mainly due the incredibly high rental expenses (along with a myriad of other mistakes that small business owners commonly make).

I just bought a condo in a municipality outside of Vancouver... outright (so as not to support thieves aka banks, mortgage companies that I, as a moral person, truly despise).
  • Profile picture of the author Michael Motley
    ...this is a reason to rejoice?
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  • Profile picture of the author thunderbird
    Rejoice? No!
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  • Profile picture of the author Thomas
    I was about to say whoever wrote that report has obviously never looked at Ireland but it appears, in fact, they have.

    Kinda nice to know somebody is getting f*cked more than we are!
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  • Profile picture of the author Radix
    I say...


    neener neener neener
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  • Profile picture of the author whateverpedia
    That info is taken from a report that measures housing affordability in metropolitan markets across 6 countries (Australia, Canada, Ireland, New Zealand, UK, USA).

    The ONLY affordable markets are in the US and Canada, whereas there is NOWHERE in Australia that is affordable.

    Interesting read.

    Here's a copy of the full report.

    Housing affordability
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  • Profile picture of the author derekwong28
    Nobody else even come close

    Hong Kong: The World's Most Expensive Housing Market? - TIME

    http://edition.cnn.com/2009/BUSINESS....ft/index.html

    I strongly suspect that we have now surged past London, New York, Toyko and Moscow to become the most expensive city in the world. Afterall, house prices rose almost 30% last year.

    You know, unlike other places in the world, people here stage demonstrations against high property prices all the time. If this go on, we will end up living in cages.

    http://edition.cnn.com/2009/WORLD/as...mes/index.html
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  • Profile picture of the author bannor32
    Hello, feloow BC'er. Used to live in Vancouver, but now in the world's 38th most unaffordable city in Kelowna
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    • Profile picture of the author Bjarne Eldhuset
      If you can't afford a city, buy a village, give it a makeover, call it a city, and sell it on flippa.com!
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      • Profile picture of the author nehaluck11
        Originally Posted by Bjarne Eldhuset View Post

        If you can't afford a city, buy a village, give it a makeover, call it a city, and sell it on flippa.com!
        Hmmmm....! good idea.But it is also unaffordable for me.
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  • Profile picture of the author HeySal
    Gee Thunderbird - don't worry. The Cascadia Subduction zone is overdue to blow and once that does Vancouver won't be quite as expensive of an area - or as huge. Canvas living quarters are so much more convenient anyway, eh?
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    • Profile picture of the author Kurt
      Originally Posted by HeySal View Post

      Gee Thunderbird - don't worry. The Cascadia Subduction zone is overdue to blow and once that does Vancouver won't be quite as expensive of an area - or as huge. Canvas living quarters are so much more convenient anyway, eh?
      This is one of the scarier threats from Mother Nature there is...I saw some computer models on one of the science shows on TV and it won't be pretty.
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      • Profile picture of the author HeySal
        Originally Posted by Kurt View Post

        This is one of the scarier threats from Mother Nature there is...I saw some computer models on one of the science shows on TV and it won't be pretty.
        That's an understatement. We have 2 of the most volital and globally dangerous areas sitting in the NW regions of the US - Yellowstone and Cascadia. I wish I would have seen the show, Kurt. Did it show the range of the resulting Tsunamis? I know the 9 mag quake in 1700 really hit Japan hard and the West coastline was hammered - and the waves traveled up the Columbia gorge no small distance, too. I'm not sure where else in the world tsunamis hit though. Did it show?
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        • Profile picture of the author Kurt
          Originally Posted by HeySal View Post

          That's an understatement. We have 2 of the most volital and globally dangerous areas sitting in the NW regions of the US - Yellowstone and Cascadia. I wish I would have seen the show, Kurt. Did it show the range of the resulting Tsunamis? I know the 9 mag quake in 1700 really hit Japan hard and the West coastline was hammered - and the waves traveled up the Columbia gorge no small distance, too. I'm not sure where else in the world tsunamis hit though. Did it show?
          Hey Sal...

          Yeah, the focus of the show was Tsnamis. It projected how high the tidal surge would be...

          And they also talked about how Japan and Hawaii had Tsunamis the last time the quake hit the Vancouver area, and tied them all together as a related event.

          We're educated enough now that humans need to accept that this is a dynamic, changing planet and that there were be more catostrophic events in the future. In the past, the human population wasn't big enough to kill large groups of people.

          Even scarier is the Cumbre Vieja volcano on the island of La Palma, in the Canary Islands. When it erupts next, it may well cause a MEGA Tsunami, and its eruption isn't a rare event.


          Dr. Day claims that the Mega Tsunami will generate a wave that will be inconceivably catastrophic. He says: "It will surge across the Atlantic at 500 miles per hour in less than seven hours, engulfing the whole US east coast with a wave almost two hundred feet high " higher than Nelson,s Column " sweeping away everything in its path up to 20 miles inland. Boston would be hit first, followed by New York, then all the way down the coast to Miami, the Caribbean and Brazil." Millions would be killed, and as Dr. Day explains: "It's not a question of "if" Cumbre Vieja collapses, it's simply a question of "when".

          Canary Island Mega Tsunami


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          • Profile picture of the author HeySal
            Originally Posted by Kurt View Post

            Hey Sal...

            Yeah, the focus of the show was Tsnamis. It projected how high the tidal surge would be...

            And they also talked about how Japan and Hawaii had Tsunamis the last time the quake hit the Vancouver area, and tied them all together as a related event.

            We're educated enough now that humans need to accept that this is a dynamic, changing planet and that there were be more catostrophic events in the future. In the past, the human population wasn't big enough to kill large groups of people.

            Even scarier is the Cumbre Vieja volcano on the island of La Palma, in the Canary Islands. When it erupts next, it may well cause a MEGA Tsunami, and its eruption isn't a rare event.
            That is scary, Kurt - thanks for that link. It just amazes me the human capacity to build major populations in areas that are very likely to be death traps. Look at Vesuvius - they expect an explosion there to be so likely that the gov is actually paying some of the 800,000 who live right ON the volcano to move. That is going to be one furious tragedy if it goes off, too. What would possess people to live there other than the fact we have over-populated to the point that we have to put our populations SOMEWHERE. In India it is the impoverished who have been pushed to the subduction zones that nobody else is willing to live near as there is no lack of volatile activity in the area and after being stripped to desertification it is now burying those denizens in slides on a frequent basis.

            Thunderbird.....um maybe you might consider hitting some higher, more solid ground inland? Scientists are now saying that a lot of what is going on in shoreline areas is due to a 30% increase of the size of waves. The growth is happening because of weather patterns, not warming, and because of a mantle that is now shifting rotation a bit and causing a change in ocean flow. So the coasts are being eroded and pounded. Rising is going on regionally, not worldwide, as we have been led to believe.

            With the current shift of the magnetic pole and the flux in the mantle rotation, we can expect some very major events to be going on soon - the quake and tsunami of 2004 and Haiti are just warnings. We had around 5 major quakes of 8 mags in a period of a year, ending about a year and a half ago now - the average for those things is only 1 per year if any. The luck was that they, for the most part, went on in areas that did not lead to massive calamity. We won't always be so fortunate, however. While scientists now believe that plume under Yellowstone has unhooked from the heat source (it is cooling) there is still enough heat to cause a global crisis if that area decides to explode. It's still the most monitored area on the planet. Recently the area has been shaking but scientists are saying that it's just a normal swarm at this point and have come to the conclusion it's being caused by tectonics and not volcanic activity. Still a bit intimidating sitting just over 500 miles from the thing.

            I would expect from my research that we can expect at least 3 more very significant calamities to fall - natural ones, not man-made. I don't think we will get through March without another major quake. With coastal lines being stripped and populated any shake that sends enough water will be a disaster somewhere.
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            Sal
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    • Profile picture of the author thunderbird
      Originally Posted by HeySal View Post

      Gee Thunderbird - don't worry. The Cascadia Subduction zone is overdue to blow and once that does Vancouver won't be quite as expensive of an area - or as huge. Canvas living quarters are so much more convenient anyway, eh?
      The return time is every 300-600 years, so it could be due. Wow. Maybe I better get earthquake insurance. Vancouver might by submerged under the ocean as a result of global warming before that happens. Is there global warming insurance?
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  • Profile picture of the author John M Kane
    I agree Sal.
    Yurts are nice. http://blog.craftzine.com/DogYurt.jpg
    as long as the Big Bad Wolf stays away.
    http://www.terrastellar.com/images/yurt01.jpg
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  • Profile picture of the author perryl
    The olympics will inflate the prices even higher soon... or has it already?
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    • Profile picture of the author Ken Strong
      What do they mean by "unaffordable"? Unless the entire city is standing empty, then it's obviously not unaffordable -- it's just a matter of WHO can afford it.
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      • Profile picture of the author thunderbird
        Originally Posted by KenStrong View Post

        What do they mean by "unaffordable"? Unless the entire city is standing empty, then it's obviously not unaffordable -- it's just a matter of WHO can afford it.
        I don't know the criteria they use. Unaffordable for who? Good question. What the heck does does that mean? I don't know. Such measurements are really arbitrary. Among my experiences as a Little Slumming Lord Fauntleroy abroad, I passed through miles and miles of shantytowns on the outskirts of major South American cities. Things didn't seem so affordable for those folks. Can't say I've seen much matching that in Canada.
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