When it comes to housing affordability on the North Shore much like in Vancouver City; it is becoming more and more unattainable for our seniors/pensioners, fixed and low income earners and yes our Millennials and generations thereafter. The reality and future economic and social wellness of our city is in dire straits with not only small business leaving or considering to leave but so are our Millennials having had enough! Unwilling to pay soaring rents with no return on their investment with up to 4% rental hikes each and every year thereafter… #time4millennialsMoveOn
Any Millennial family trying to save for one of our ridiculously overpriced $1 to 1.5 plus million priced homes/condos will take them IF they are able to save 20% of their approx. $68K annual income up 20 YEARS compared to Toronto 4.6 yrs. and Edmonton’s one year!. source: Star Metro Vancouver: Aug. 1/18 & Point2Homes: https://www.point2homes.com/news/canada-real-estate/average-national-home-price-buy-bedrooms.html
It’s becoming more and more apparent why our North Shore culpable density mayors: Mussatto & Walton are unwilling to run for re-election in cities they have fornicated beyond recovery… and thus tarnishing their vainglorious legacies. What they don’t realize is their legacies have already been condemned for ever and ever amen.
A song that is as relevant today as it was 40 years ago when it comes to peoples’ hopes and dreams being shattered by greed & ignorance…
What the hell is wrong with this city… we have a City Council, Hollyburn Family Services Society, Community Housing Action Committee, Generation Squeeze? and LL Business Improvement Area all on board for MORE UNAFFORDABLE RENTAL HOUSING. #RentalMortgageRates
When Anthem gets around building their faulty tower market valued apartment building in 3 years and given how construction costs keep rocketing skyward, rents should be hovering around $3,000 for a two bedroom. Take 10% off 3K and rent will still be at an unaffordable $2,700! And what these nincompoops keep avoiding is EVERY YEAR everyone of these rental units will have their rent increased by up to 4% each and every year thereafter! I for one as a senior could never afford one of these hoity toity 10/10/10 units even it they were for perpetuity! What our infamous city council is really offering in low income rental units is: 10/10+4/10!
And I also see in the news the other day oh boy, the Bolshevik District Council lead by Bolshie Bassam just don’t know when to quit. Willing to throw away $100K towards a reunification study that would hopefully lead to an amalgamation plebiscite after their new October 20th District Council has been elected. With the belief of course Bolshie will be at the helm and CNV will elect maybe pro amalgamation Guy Heywood as mayor with enough pro Bolshevik elected city councillors to overturn our existing city council’s nixing of amalgamation. #NoHopeInHell
белиберда (balderdash, nonsensical)