I’d say that in any social adventure I partake in nowadays, probably 80% of them invariably end up covering the topic of unaffordable housing in Vancouver at some point.
While the horse has been beaten beyond death, it is unfortunately a staple in the lives of millennials around here.
I recently read a CBC article about how one BC family sold their house in order to travel. This got me thinking about the flipside of the conversation. What about those millennials that have homes versus those that need to sell their souls to get one?
So they’re off to Europe now. Cool. How nice for you.
Thinking about it more, I’ve got several friends who’ve done the very same thing (opting to re-up here versus globetrotting) and they’re cashing in big-time on this over inflated market. And why not!? Remember this shithole?
In short, those that sell, can now afford a bigger house, opt to leave Vancouver entirely, or maybe stay and be pretty set in terms of paying off the large amount of debt that most of us carry.
I think this example further illustrates that the unaffordable housing issue in Vancouver is not only impacting those millennials that can’t afford to buy so they end up leaving the city, but also those lucky few who have sold.
Long story short, within the youth market, who’s going to be left in the city if they can’t afford to live here, and others no longer see the justification in staying once they’ve cashed in?
Just one of the major problems to solve in addition to deciding where to get my caramel macchiato from this AM.