D&D and the rising pandemic

[FitzTheRuke]

Vancouver? I know parts of Canada are going crazy.

Cheap loans plus better gains than sharemarket.

A suburb of Vancouver, yes. (Much more expensive IN town). I've been reading a book on how our housing prices are jacked up by the Pacific international heroin trade, of all things. (Not surprising, really, but kinda sad). EDIT: For reference, so that makes more sense, it's because the Triads are laundering money by buying real estate, not because my city is a drug ghetto.

 

[Zardnaar]

A suburb of Vancouver, yes. (Much more expensive IN town). I've been reading a book on how our housing prices are jacked up by the Pacific international heroin trade, of all things. (Not surprising, really, but kinda sad). EDIT: For reference, so that makes more sense, it's because the Triads are laundering money by buying real estate, not because my city is a drug ghetto.

I knew Vancouver was expensive.

Aucklands 1.1 million ($770 k usd) average. Think my suburb is $680k (500k usd). In a city of 120k.

Overseas though you can move somewhere cheaper. Small towns here are going for $280k+ and the absolute cheapest (NZ boondocks Appalachian equivalent) is still 200k+ usd.

A grand total of 3% of the population live there and if you don't mind 2000mm+ of rain a year.

 

[Dannyalcatraz]

I just sold a 1000 sq ft two bedroom condo for $650K (Canadian which translates to $518K USD or $740K NZD for Zard). Our real estate is crazy.

Yet another reason to live in Texas: even our pricey real estate is cheaper. I live in one of the upper middle class suburbs of Dallas, and $520k will get you a house somewhere around 2200sq ft.

There are suburbs here where that will get you closer to 5000 sq ft.

(There are also suburbs here where that will get you living in someone’s pool cabana…)

 

[Zardnaar]

Yet another reason to live in Texas: even our pricey real estate is cheaper. I live in one of the upper middle class suburbs of Dallas, and $520k will get you a house somewhere around 2200sq ft.

There are suburbs here where that will get you closer to 5000 sq ft.

(There are also suburbs here where that will get you living in someone’s pool cabana…)

My friend in Houston made me cry. She's not in the best neighborhood but Houston seems cheap . Nicer areas are about half the price than here.

Grass is always greener if you cashed up that's great but you would have to work and save at the local conditions if you're not/young.

With Covid leaving is easy enough. Returning is a lit harder.

 

[Dannyalcatraz]

My friend in Houston made me cry. She's not in the best neighborhood but Houston seems cheap . Nicer areas are about half the price than here.

Grass is always greener if you cashed up that's great but you would have to work and save at the local conditions if you're not/young.

With Covid leaving is easy enough. Returning is a lit harder.

Dooooon’t even think about a move to Houston. To be clear, there’s lots of nifty things going on in that city, but their zoning laws are among the most relaxed in the state.

 

[Zardnaar]

Dooooon’t even think about a move to Houston. To be clear, there’s lots of nifty things going on in that city, but their zoning laws are among the most relaxed in the state.

I'm not lol. But yeah probably gonna have a brain drain here post Covid. Or next year.

 

[J.Quondam]

Dooooon’t even think about a move to Houston. To be clear, there’s lots of nifty things going on in that city, but their zoning laws are among the most relaxed in the state.

What? You mean being constantly worried that your home might become sandwiched between a stripmall, a hospital, and a refinery doesn't appeal to you???

 

[Umbran]

...and a raft of people with too much money starting to buy multiple houses as investments using cash.

In many places in the US, there's people, and more usually companies, buying up homes for use as Air B&B properties.

 

[Zardnaar]

I think the nice looking city was Asheville in North Carolina. One of my online gaming mates was in NC and some kiwis post Covid were asking about nice places to move to in the states that weren't LA, NYC etc.

 

[J.Quondam]

In many places in the US, there's people, and more usually companies, buying up homes for use as Air B&B properties.

Yeah. And that seems to be part of what's pushing up rents alongside housing prices in a lot of places.

People in the bottom half of the economy are just screwed.
And those who can't just relocate on a whim are even more so.