Vancouver Unreal Estate
Vancouver or France?
A sickening comparison between two houses priced roughly the same (the French Chateau being $109 less!...).
This was posted by 'exvancouverite' over at the Vancouver Housing Market Blog, and again at Vancouver Condo Info, and it gives a shocking comparison between house "values" in Vancouver and (in this case) France.
Here's the (West Side) of Vancouver house: $1,280,000 link
and here's the French "house": 899,000 Euros ($1,279,891 CAD)link
The Vancouver house is sitting on a 40'x~120' lot, while the French lot is over 1 acre...
If I had the $1.3 million to drop on a place, I would opt for the French place without more than .25/second of thought.
Which would you go for?
It should be noted that the Winter Olympics will not be hosted in the beautiful Loire valley in France, while the 2010 Winter Olympics will be hosted ~ 3 hours (by road) away from the Vancouver pad.
Ahh, now I see it - the Olympics have added huge value to the Vancouver pad because they might be able to rent the spare room out to Olympic visitors for $200/night.
I will be posting other such comparisons in the coming days, and will also be posting a rant about the 2010 Winter Olympics (if I can ever compose myself from my frothing lividity), so check back soon.
3 comments:
Both are nice, but if I had that kind of money I would still take the one on France.
If people were to charge $200. bucks a night thats around $3600.o bucks for a 2 week stay. Does that even cover the cost of a mortgage there? Just barely I bet. Love ya K
"But in my real world where jobs and economic opportunities are a factor, I have to go with Vancouver"
Well that runs counter to much of the Van RE bull talk that says ... rich foreigners are buying up Vancouver RE hand over fist, they can't get enough of our shoeboxes and prices have absolutely nothing to do with it.
If anybody is truly financially independent, why would they buy an over-priced, mundane box in a rain zone when they could have a substantially nicer place somewhere else?
And if we're talking about jobs, then I'm not sure I'd consider it a 'economic opportunity' to be paying for that cozy Kits charmer.
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