For some reason, I went on-line house shopping today. Specifically, I went and looked at properties in and around downtown Vancouver. I guess a part of me loved the few days I’ve spent wandering around there and while I knew prices were bad, I had no idea just how bad.
And by bad, I mean expensive.
To afford a $1.2M condo, I would need to make $240,000 a year. I know some people do, but most of us, even with the entire family working would be hardpressed to come up with that cash.
However, I won’t rant too much about this because someone else is actually doing a better job of it.
Please check out…http://thethirtiesgrind.com/2012/03/28/absurd-vancouver-property-of-the-week/ because what is really, really frightening is just what $1.2 million will buy you these days.
I guess the millionaires and billionaires love the rain.