I don't understand Vancouver house prices

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Kimmio Laughterlove

:)
Here's my gripe....I am on a bit of a daydreaming about home spaces, kick. Anyway, this article caught my attention. It's reportedly Daniel Sedin, of the Canuck's, house. On sale for $5.9 million. It looks well made but one of the most drab and boring places ever, for $5.9 million. I don't understand why it's worth it. All grey and beige. Boring furniture for a boring house - for 5.9 million! I'd paint it like a box of crayons it's so boring. If you have that kind of money. Nice backyard, but also a bit boring - no character no really charming details. They could do a better job for that price. I guess that surprised me. And a house much much smaller - a dated bungalow can go for over a million here. Something's wrong with the cost of housing in Vancouver!

http://www.huffingtonpost.ca/2015/07/03/daniel-sedin-house-for-sale_n_7724252.html
 
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I guess I am a bit envious that someone with that kind of money - for playing a game - to spend on a house he only lived in part time would be so boring. Why not just rent a decent, plain condo... Or a room at a mid-scale hotel? Also, why $5.9 million?
 
It's in Vancouver, it's in a "snazzy neighborhood," it's rumored to have been the home of the Canuck, and (while it's certainly not my favorite) some people like drab. The parents of my oldest sister's ex painted every room in their gray house gray, and put in all gray furniture. Not my cup of tea, but they loved it.

I've seen some beautiful Vancouver homes on Lv T r Lst T Vncvr.
 
I like that show. Those two (although a different pair in Van?) are funny. She has some great ideas. I sometimes miss cable - I haven't watched that for about a year. We just have Netflix and internet - which, between those two options I probably could watch it anyway.

Shaunessy is nice but that's a really boring house. Just my opinion. And 5.9 million is waaay too much.
 
Grey and beige are ok base colours if you add pops of other colours/ details. Perhaps a stupid thing to complain about - it's just such a waste of money - that house - imo. I'll never buy a house for that price but if I did it would have character.

I'd rather have a much smaller shabby chic fixer-upper and money to spare but even that is hardly doable in Vancouver. So, I'm envious is all.
 
In a hot market, real estate values rarely have much to do with what appeals to people. Someone willing to drop that kind of coin for a house is generally also game to drop 5 or 6 figures to reno and redecorate, too. And the property alone is probably half or more of the price regardless of what's on it.
 
What you see as dull and boring I see as beautiful, classic, spacious. I'd live in it any day. And gradually add my own taste - and colour.

That said - I've often questioned the ethics of some people having so much space while others go homeless. I wonder if this situation could be treated by revising the tax structure. Here in NB we own a small home (assessed at around $175,000) and a camp ($25,000). Taxes on our home (principal residence) are at a much lower rate than taxes on our camp which is considered a luxury. Suppose all property taxes were assessed at different levels - one for basic requirements for principal residence ($X for a basic 1,000 sq ft living space). The next 1,000 sq ft would be taxed at a higher rate. And anything over 2,000 sq ft at an even higher level. So owning a large home - much larger than the average family's basic requirements would be considered a luxury and taxed accordingly - providing more tax revenue to deal with the problem of homelessness.

I also quesstion the way over the top salaries of sports figures and entertainment figures.
 
Here's another good way to help the homeless - use monies otherwise wasted on circuses for the elite such as the Vancouver Lympcs & Toronto PnM Gms toward their benefit.
 
Kimmio, I hear you. I honestly don't understand house prices at all. A house the same model as my parents' place sold for over $700k - and it cost my folks just under 200k in 1987. We're talking 4X the value in almost 30 years. And it would be considered a 'small' house for where we live (Oakville... comparable to West Van)... even though we're on the 'dodgy' end.

I sometimes dream about owning a house... and then I laugh at myself and ask "Do I really want to live in or west of Hamilton?"
 
Don't forget that it was staged, it looks like it has been completely moved out of already. Grey is trendy right now and many home buyers like neutral. I'm guessing that's on the low-end of luxury if it's even classified as luxury in Vancouver and it's really only luxury homes where more character is seen but they do generally take much longer to sell.

I think it's quite nice, it's completely turn-key from what I can see. Unpack your stuff, add your personal touches and you're set. The colours in our home if we were to sell (and really haven't changed them since we bought) are probably equally neutral, although not grey and white. Our walls are a taupe, trim is cream, carpet brown and cabinets, blinds, etc a cherry-wood colour. We have 2 rooms that deviate from this, one is the bonus room which has 2 navy walls and I was surprised that I liked them. The other was a kid's room that has circles and we haven't gotten around to changing it, but would before selling. It's the stuff that we would pack up with us that adds colour.

The only things that I would guess that might come with the house that I would switch out would be the curtains, colour can be added with those.
 
Faerenach said:
Kimmio, I hear you. I honestly don't understand house prices at all. A house the same model as my parents' place sold for over $700k - and it cost my folks just under 200k in 1987. We're talking 4X the value in almost 30 years. And it would be considered a 'small' house for where we live (Oakville... comparable to West Van)... even though we're on the 'dodgy' end.
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Someone I know in Richmond Hill has had their property appreciate a similar amount in about 10-12 years (I don't recall exactly when they took possession).
 
Mendalla said:

Someone I know in Richmond Hill has had their property appreciate a similar amount in about 10-12 years (I don't recall exactly when they took possession).
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Wow.

I hope my salary quadruples in 10-12 years. (Har har.)
 
crazyheart said:
I live west of Hamilton - Saskatchewan is nice - smoky but nice.
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Yes... you live west of Hamilton... about 3,000 km west of Hamilton...

Actually, I'm surprised that Saskatchewan has a few trees that can catch fire. I thought the whole province was prairie flatland.
 
ChemGal said:
Don't forget that it was staged, it looks like it has been completely moved out of already. Grey is trendy right now and many home buyers like neutral. I'm guessing that's on the low-end of luxury if it's even classified as luxury in Vancouver and it's really only luxury homes where more character is seen but they do generally take much longer to sell.

I think it's quite nice, it's completely turn-key from what I can see. Unpack your stuff, add your personal touches and you're set. The colours in our home if we were to sell (and really haven't changed them since we bought) are probably equally neutral, although not grey and white. Our walls are a taupe, trim is cream, carpet brown and cabinets, blinds, etc a cherry-wood colour. We have 2 rooms that deviate from this, one is the bonus room which has 2 navy walls and I was surprised that I liked them. The other was a kid's room that has circles and we haven't gotten around to changing it, but would before selling. It's the stuff that we would pack up with us that adds colour.

The only things that I would guess that might come with the house that I would switch out would be the curtains, colour can be added with those.
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I understand. I still don't think it's worth the price.
 
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