I wanted to post a prediction. I don't usually have strong convictions but when I have I was bang on correct in the past. This one isn't as hard to believe as other ones but it is like this:
Buy real-estate and all available land near any existing or soon to be existing Skytrain station.
I lived for 2.5 years in Korea. I didn't have a car.... and life was better without it. I got where I was going faster and I was less angry. I also started reading...investing books! Which actually lead to my first investment property.
When I came back to Canada I immediately started looking for a place to live that was walking distance to the Skytrain and found one. Life was continually much easier than I remembered it in Canada before I went to Korea. So I tested the theory and borrowed my parents car and got stuck in rush hour traffic. I became an animal within a few short moments.
Then a few months later we bought our first primary residence right by the SKytrain. I was speaking to the construction top-dog guy and he said that in Germany the highest price real estate in the country is basically anywhere along the train line. Then I thought again about Korea - same thing! Then I realized... this isn't a Korean thing - this is a global thing. And it's going to hit Vancouver before you can say Bob's your uncle.
More good news if you take action now. The big 'hold up' for some people to not buy near the Skytrain was the supposed problem of crime. I did a little research on that topic and found that it's actually not true. Check for yourself. The highest crime seems to be near Broadway and Kingsway if I recall correctly. There isn't even a Skytrain station there. And, to top it off, apparently they are going to finally put in the long-awaited turnstiles. This will certainly reduce the ease of certain individuals of abusing substances and then stealing things along the Skytrain line to feed their habit. I have to admit this is an issue but am convinced it'll be greatly curbed when the turnstiles are in place.
And there you have it! Anyone got a few hundred thousand kickin' around so I can buy more?
B.L.I.P. Heros
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6 comments:
I got an idea, why don't you lay down some phat cash on a house in the cambie heritage district? I'll bet some of those people are willing to get out fast with all the roads dug up.
Hmm. Actually, that's not a shabby idea. It's pretty west, but not so west... Certainly much more kosher than the Broadway/Commercial pad for 600k+!
Let's do a few MLS searches on that area and see what pops up.
It better be kosher since there is a heavy concentration of jewish brothers
HA! Funniest thing is that I had that very thought as I hit 'submit'. It was an unplanned joke. Those are the best.
Of course, as history has shown, Vancouver has developed where transportation has allowed it to do so.
Clusters will form around the train stops. And living on a train line allows you to get to the city center quickly without having to live closely. You can enjoy your suburb, save your gas, get to work, and be sung to sleep by the lullaby of the train.
Then again, crime rates go up around the tracks as well... so I hear.
so you heard..in part. But one day you will hear in full, not through a beer glass darkly. I speak in parables. Verily.
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