Sold for 900k 20 years ago

>inflation

>Because living in small towns became 'uncool'
Doesn't help that most NA small towns that aren't tourist bait are ugly, dead as shit and filled with underachieving overweight hicks.

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>inflation raises price by 56% in that time span
>real estate rises by nearly 500%

Please, please kill yourself. Honestly, unironically you're human garbage. I know some pretty painless methods if you're scared.

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>bubble pops
>ching chong chinks buy everything

60% inflation. so
900k> 1.4mil

7,138,795 > 8326100 change in quebec
population (16%)

Disposable income in this time has nearly doubled in Quebec

Increase in foreign investment (especially from non western countries - more cashflow (high value) so more demand) ((no stat))

The internet - Properties are much more discoverable now.

Boomers retired and invest savings in houses etc - increase in demand.

General population growth rate is at a deficit to amount of housing being constructed. (Reduces supply, increases demand)

Citys are growing quickly - In a more connected world, a smaller more global world, cities provide better networking, travel, entertainment options etc. In the age of instant gratification, people want convenience. Rich people can pay for convenience above all else. >> Increase in demand

And it goes on...

It's really not that difficult to ascertain why.

>thinking 500% over 20 years is alot

>pajeets flooding in thanks to unlimited H1B visas
>Chinks flooding in to buy speculative real estate
>beaners flooding in and splitting a one bedroom apartment between 15 people
>boomers allow this and pat themselves on the back, because "muh economic growth"

gee how could this have happened

It's not as bad as whatever they portray in movies. Especially not bad if you're in a small college town.

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>Population did not grow by 500% in 2 decade

this is where you are wrong in a couple ways. the ACCESABLE population has 20X, as now THE WORLD can buy a house in Canada. not just canadians. THE WORLD.

Not to mention inflation.

its the tragedy of the commons and flight from shit hole countries to quality ones.

Land supply is extremely inelastic.

why would I move to a college town if im not going to the college? youll just be that creepy older guy that stares at college girls at the bar

>General population growth rate is at a deficit to amount of housing being constructed. (Reduces supply, increases demand)
>population (16%)

Those two parts are the most absurd. We aren't Singapore. We have enough inhabitable, temperate space to accommodate 10 times our population.
Why aren't we building more to meet demand.

>Disposable income in this time has nearly doubled in Quebec
How so? Wages barely keep up with inflation I recall purchasing power being much higher in the 90s.

>a small college town.
Those are almost as expansive as major cities.

and for anyone saying inflation doesn't matter....

Canadas total money supply doubles every ten years. check tradingeconomics.com/canada/money-supply-m3

Meaning your purchasing power effectively is 50% less in 10 years when you are comparing it to the total money supply. official inflation numbers are calculated differently from this to obscure this truth.

that money you have in your bank...in ten years there is comparatively going to be twice as much floating around in the economy...

Supply is pretty much limitless in Canada and most US states

this

your on biz right, have you noticed this thing called bitcoin....have you wondered why its going up in value....could it be related to this????

>Canadas total money supply doubles every ten years. check tradingeconomics.com/canada/money-supply-m3
>Meaning your purchasing power effectively is 50% less in 10 years when you are comparing it to the total money supply. official inflation numbers are calculated differently from this to obscure this truth.
Yeah that was my gut feeling. Thanks for confirming.

If that money supplies mostly end up in real estate that explains the gap with standard goods price hikes and housing prices.

Who exactly can I blame for this?

we are building, but only in the cities, which are still heavily sought after. home prices havent increased in middle america nearly as much as the coasts/cities. everyone wants to live in fucking LA or NY

This happened because gold doesn't back the currency anymore so all our wealth is confiscated through inflation by the Jews

haha retard

>who can I blame for this?

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someone post the pic of small town america where its a collage of mcdonalds and walmarts dennys and gas stations with semis

Can you be more specific?

yes inflation
look at the percentage of jobs that do not generate wealth, but get paid.

how many people are just photocopying, writing reports that will never be read, working on large it projects that do what....send cat and thot pictures around, produce purple and blue hair dye for sjw's etc.

most of govt and a good part of priv sector that are tax welfare recipients.

the actual into the ground infrastructure no. so your paper money looses buying power.

welcome to slavery 2.0

Because college towns aren't literally a town of nothing but college students.

The thread is about expensive housing. You'd move there because it's cheap as fuck to live there.

Maybe if you visit trendy coffee shops.

>everyone wants to live in fucking LA or NY
I blame the relocation of rural factories to China. But even if they came back who the fuck wants to work at a glue factory when they can design hi-tech utilities in the cities?

>Maybe if you visit trendy coffee shops.
The point is about real estate.

inflation of money supply in other countries is also a contributing and compounding factor. That multiplied by the fact that anyone with money in the entire world can now buy Canadian real estate with no penalties. (though recently taxes of foreign buyers are being instituted, but its too little to late, and hardly having the effect it should) a 100% tax of foreign buyers should really be instituted.

It's fucking retarded

My Gf and I both make 65k+ and were in our mid twenties which is supposedly upper middle class income for Quebec but we can't even afford a house that's within an hour of Montreal. Brossard is ungodly expensive because of chinks but that's where public transit is

Oh, then that's objectively false.

Attached: Screenshot 2018-06-07 at 7.06.06 PM.png (1694x1054, 1.42M)

>Supply is pretty much limitless in Canada and most US states
not in cities where people wan tto live and not have to commute 3 hours to a good job

That's not a college town.

A tier 2 state college with 4200 students does not qualify for college town status.

Also that house is ugly as shit. But that's beside the point.

Why doesn't business just adapt and move closer to the new suburbs?

I'm in the same situation man. Exact same situation our wages are the same.
I cannot resign myself to live in the suburbs. They're ungodly ugly.
Do you have a plan in mind?

I can't find the interest to debate further. It's such an ancillary point for you to make.

But agreed, that's a shitbox, but it's really not bad for such a small amount of money.

Honestly right now the plan is to get a spacious condo somewhere close to parking Chevrier (busses every 10 min downtown) and hope I get richer off investments, salary increases and house appreciation to actually be able to afford a nice house in the area...

China and other foreign booming economies are storing their wealth away in real estate in other countries than their own.

because the city is where the economic activity occurs. if everyone spread out to the suburbs then everyone is isolated from economic activity.

>It's such an ancillary point for you to make.
How so? When you say college town I picture Berkeley, not a plastic Oklahomo wasteland with a second rate glorified community college keeping it on life support.

Funny. I checked mansions in Europe for that price, one of them even had a indoor pool. Mind you, this was in a Western European country and not some Slavic shithole.
Honestly I get a bit angry when I see these boomers asking for more than what's it's worth. That house is worth 200k max

>if everyone spread out to the suburbs then everyone is isolated from economic activity.
How come business cannot adapt and form new downtowns to grab the potential workforce in the suburbs?

I don't envy you then. When I look at pic related it makes me want to die. And those are probably all above 600k.
I'm gonna end up moving to the third world if this keeps up. Work an isolated life dependent on the expat corporation but what choice do I have if I don't want to get the shed treatment?

> and hope I get richer off investments
Now that ecoins are saturated what do you have in mind

>salary increases
Are you really counting on that

> house appreciation
But it scales with the rest of the market.

*pic related

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money printing and Big Chink

Yeah no screw that, I'm sick of seeing these ugly ass bungalows built in the 70s selling for 350k. Fuck off.

I'm buying brand new. If it takes 600k that's what it'll take.

For salary increases, I work in a fairly lucrative niche (Linux devops) so I could see hitting low 6 figures

For investments, I've recently gotten into active investing and I've been doing pretty well this year. Mostly swing trading tech stocks.

tbf I find that good houses age like fine wine. But that applies to pre-50s houses.

> so I could see hitting low 6 figures
That's still not gonna buy you much if things keep going this way. My siblings earn 200k together but after taxes and frugal expanses they don't even have enough to afford more than a decaying shitbox in Rosemont on a 20 year credit.
There's enough optimism here for me to hang myself with.

> I've recently gotten into active investing and I've been doing pretty well this year. Mostly swing trading tech stocks.
I hope you can make something out of that. The downside is that whenever a crash happens your money is basically gone. You're a small fish feeding the bigger ones.

hey guys, dum dum here. sooo does that mean that if I build the same house, for let's same $500k, it's going to be worth 4 million upon completion?

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because your money is worth less.
Us and Canadian Dollars are inflationary. Whenever the government needs more, they just print some. Then the banks make loans on assets they don't own, paid for by money that was printed out of thin air.
Gold, Silver and BTC are deflationary assets. That why you want to own them.
A GOOD mans suit cost 1 ounce of gold in 1870, 1930, 1960, 1980, 2000 and 2018.

That house is in the most prestigious neighbourhood in Montreal, no shit youre gonna see exponential growth. Youre like 8 mins from downtown and yet in a peaceful area, extremly high demand. Montreal real estate was surpressed for years due to political instability by possible secession, but those concerns have long faded.

t. Montrealer

Well yea Rosemont is a rich area

You don't have to live there

yes now add the cost of buildeable land

No the land determines the value.
The only way to make a significant profit doing that is to buy peripheral agrarian land and lobby to change their status to allow residential/commercial developments.

It's another housing bubble. The financial system will crash this year.

>Well yea Rosemont is a rich area
You know I remember a time when it was considered a poorfag option.
And I'm not that old.

You are forgetting SF (highest residential real estate prices in the world).

SF housing is crunched on the demand side because of foreign (Chinese) money and to a lesser extent tech workers. A 700 sqft house down the street from me costs 1.2M USD with no backyard. Many homes here are bought in all cash (typically Chinese buyers) and over asking price.

blog.sfgate.com/ontheblock/2017/10/31/glen-park-mid-century-sells-for-almost-1-million-over-the-asking-price/

A big problem is also regulations and NIMBYs preventing additional homes being built.

>no shit youre gonna see exponential growth
Didn't even experience exponential growth until recently.
Prices were stable for decades.

>extremly high demand
A lot of people prefer to live in the suburbs or in hip districts like the Plateau. I never noticed a particular fascination for Westmount in itself.

>Montreal real estate was surpressed for years due to political instability by possible secession, but those concerns have long faded.
I guess we found the solution

Why do you want to live on the island so bad? Takes me 30 min to get to work, door to door, from Brossard to my job downtown. That's quicker than when I actually lived in Montreal and took the metro

>Why do you want to live on the island so bad?
I'm sensitive to aesthetics. It's an unfortunate disposition but poor architecture literally induces depression and burnout in me.
I was born 20 years too late to invest in the vieux and get a comfy centuries old dwelling next to downtown.

Ah, then shit you're kinda screwed. Most housing is butt ugly.

My only hope is for some miracle referendum to come and utterly crash the real estate market with droves of immigrants, jews and anglos moving to Ontario like in 95.

Levesque was right about everything.

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>weatherford, OK
surely you're joking
That cuckshack costs $75k because literally nobody wants to live in a shithole like weatherford

Its whats on the margin that matters. If you got 100 plebs with mortgages and 10 guys with tens of millions, damn right those 10 guys will drive up the prices.

you really think LONDON BREED is gonna help you?

population didn't grow 500% but it doesn't have to. as long as the good locations become desirable to the people with the capital to afford it. even with moderate growth, as long as there are enough wealthy people to compete with each other, certain area's will rise in value.

>That cuckshack costs $75k because literally nobody wants to live in a shithole like weatherford
This

How does that work when the majority of Canada's real estate follows the same increase while foreign investments are still relatively limited outside of Vancouver?

Fuck, I knew it. I was certain everything roughly doubled in price since 2008.

The Five Guys on St. Catherine's has a poster up on the wall, a review from 2004 when a burger was $4... 2018 it's $10

chinks and oil money all trying to move to stable western countries

>flight from shit hole countries to quality ones
Literally what is going to kill Humanity, and probably the universal Great Filter.
Shit countries are shit because they're populated by subhumans, and since it ALWAYS goes shithole>human country, in time all countries will subhumanise.

because Vancouver and Toronto are skewing the Canadian average price of homes up. toronto alone can drag the canadian average price down 10% in a year, meanwhile prices in vancouver are still pushing up.

from January 2000 to July 2006, starting with Bush NWO leader's Housing Bubble, home prices surged 900%

Avg price of house around 1998 before globalisation and free-trade went full swing
>$180k in NYC (boros)
>$170k in SF
>$150k in LA
>$120k in DC
>$140k in Sydney
>$120k in Melbourne
>$140k in Toronto
>$130k in Vancouver
>£70k in London

Avg price of house after 2004 massive free-trade/open-borders
>$800k in NYC (boros)
>$1m in SF
>$600k in LA
>$500k in DC
>$900k in Sydney
>$700k in Melbourne
>$600k in Toronto
>$1m in Vancouver
>£500m in London
---------------------------------------------------------
before free trade:
>domestic production of goods
>goods were affordable and of high quality
>lowest cost of living
>affordable housing (house costs only 2 times the annual salary)
>90% white

after free trade:
>homeless/opiod/suicide epidemic/white genocide
>unemployment
>highest cost of living
>unaffordable housing (10-20 times the annual salary)
>plummeting life expectance
>shit quality products that kill you
>millions of illegal shitskin locusts invading and killing whites

The majority of Canada lives in Vancouver, Toronto, Montreal, Ottawa, Quebec and Calgary and have done so for a while now.

Modern rural exodus and immigration alone cannot justify a 500% hike.

>starting with Bush NWO leader's Housing Bubble
You mean the whole sup prime deal? How exactly does that work?

>america sends industry, wealth, jobs to asia
>no domestic jobs
>recession 9.0
>rust belt happens
>hyperinflation rising cost of food, oil, products, houses
>businesses import 3rd world slavelabor to offset rising cost
>cost of housing, oil, food surges even more
>homeless, suicide, opioid epidemic

>free trade, open borders goes full swing
>transfer jobs/industries/wealth overseas
>no domestic jobs results in depressed economy
>govt and financial institutions provide a "bail out" in the form of low interest rates and lax regulations
>depressed domestic economy propped up by a housing bubble
>lack of opportunities (due to free trade) forces entire country to exploit and speculate housing market thanks "free money"
>bubble burst
>great recession
>bubble reinflates with "free money" Quantitative Easing to recover from previous bubble caused by Free Trade and Open borders

free trade and open borders DOOMED the west

>before 2000, no housing problem
>globalists push for "housing for everyone"
>import millions of locusts from asia/mexico
>hyperinflated housing bubble happens
>housing now a problem
>homeless epidemic
>millions of native homeless die from opioid epidemic

it seems like the globalists preemptively planned and pushed for "housing for everyone" in advance of open borders.
it was a stealth plan to house every locust invader while millions of natives go homeless
there was never a housing problem in the US before their NWO globalism

>send industries/wealth to asia
>economy collapses every 5 years (planned by globalists)
>massive layoffs every 5 years
>import millions of shitskins to replace those natives layed off
>impoverished natives get health issues
>get bankrupt by medical bills
>go homeless
>get on heroin
>overdose
white genocide was never as easy as this

meanwhile trafficked poojeets/chinks are now the highest stolen income earners from the whites that perished under the globalist white genocide scheme

QE is a direct result of free trade and open border migration.

millions of immigrants have been flooding the west and are a net loss to the economy, QE is used to prop up the economy and feed the invaders.

Remove mass immigration. Remove foreigners. Close borders. Expel non-natives (roots going back 10 generations).

BOOOM
Less demand for housing.
housing bubble permanently busted.
Housing returns to pre-globalisation levels (1920s-80s)

When our entire industries went off to China (((they))) told us we'd be a 'smart goy' economy. We're just a bitch whore economy.

locusts swarming our real estate is how we get back some of the money we gave them to buy the things they make that we once made. It is called trade.

and once they've bought our estate we can buy it back for 1000 times as much.

real smart.

Greed. China is a very small part of it and only in certain areas, so don't let Jow Forums brainlets tell you otherwise.

It's that real estate is an easy and guaranteed place to park your money

Point of contention. EVERYONE got richer in the 1980s. Not just the top. We ALL mostly saved a lot of money.

16% Interest rates on savings.

one simple example is the devaluation of US $ and hyperinflation of prices. the devaluation was the transfer of private wealth funds sitting in banks to china.

what happens when your money is in banks is it gets invested by the banks, that money ended up in china. the historically low savings rate in banks is another example of the invested money not being returned to you but being skimmed by the banks.

i'll let your gook brain figure out how the rest of western industry/wealth was transferred

this is the reason why bank savings interest rates have remained low since the rise of China and the deflation of the US dollar

bank savings interests rates were historically high prior to wealth transfer to Asia

your wealth which translated these savings rates were used by your gov't, banks, corporations to transfer wealth to China

just the tip of the iceberg m8s

now even if i add all those regions up it's not even half of Canada's 36 million people. the increase in property value is due to the fact that highly urbanized cities are highly competitive with wealthy people. nobody wants to live in buttfuck nowhere and people will compete for the best spots. vancouver and toronto are skewing canadian stats.

>The 2008 financial crises were caused by NIGGERS

>The Federal Reserve prints money to feed the NIGGERS

>When we remove everyone from the West who hasn't lived here for the last two hundred years (NIGGERS) the economy will be great and the white milkman will deliver to your country estate every Tuesday

this

whats propping the real estate prices in cali is:
1) chink/poojeet money laundering
2) mexican drug money laundering
3) packing 50 poojeeets/pablos into a room and collecting rent

Its a problem in all 'International Cities'. London, New York, Bay Area, Vancouver, Sydney, Melbourne, Singapore, Hong Kong etc. We're in the middle of a phase where the people who hold all the capital are reclaiming back the gains the middle class made in the last century. Workers rights are being wound back, police forces and state surveillance are being beefed up, and wealth/ownership is being concentrated back into the hands of the 1%.

In Australia, rich Chinese people who are sponsored by their government come here to buy property. Both houses in the cities, and land in the outback. They're a massive reason as to why the average house in Sydney is now more expensive than London.

This graduate engineer at my work is Chinese. His parents bought him a house and another house for a rental property which will be used one day for the parents to retire when they migrate from China.

This guy is in his early 20s and had 2 houses and a good career. Most Aussies will spend a life time buying a house if they are "lucky".

Our government sold us out

Dude this shit HAS to pop.

I live in Atlanta. One of my coworkers just bought an investment property. I went to take a look at it. 1000 sq feet, 2br/1ba. It was a COMPLETE piece of shit. She paid $270k for it and claimed it was a good investment property and would only go up.

Crash is coming boys.

who would want to live in canada. land of the cucks

US/Leafland/Straya also had a much lower cost of living and much higher quality of life before free trade/NAFTA/China.

Toronto, Vancouver, Sydney, Melbourne, Bay Area, Seattle, LA, San Diego, NYC, Boston used to all be working class blue collar white cities. The houses in these cities were priced at 2X the average annual salary.

It took a blue collar worker only 2 years income to afford a house in cities that are now out of reach for even white collar earning 6 figures.

Also, products were much cheaper and of higher quality before free trade.

Free trade raped the west.

Chinese launder corruption money to the West, creating gigantic housing bubble and hyperinflation. The following is a buying pattern of a Mainland Chinese in Southern California.
All the transactions here are for apartments in SoCal. The Mainland Chinese buyer can buy two apartments with 10+ units in a span of 10 days. The buyer mostly targets 1-bedroom apartment complexes. Chinese corruption money is a major reason why there's a housing crisis in the West and East Coast.

i.imgur.com/A6Mj7Pj.jpg

historically, before the locust hordes swarmed upon white cunts, houses were always no more than 2-3X the national salary average. housing was never a speculators/investors market. that was a time when white gentiles still had their country, before the great pillaging by sociopathic asiatics.

the asiatics switched their locust lifestyle and standards for a white one.

while the whites got the lifestyle and standards of the asiatic locust

housing became a problem after free trade/open borders.
when they let in millions of locusts.
this is when we had to house millions of shitskin invaders from asia/mexico. so housing became a problem thanks to open borders and free trade.
now we have millions of homeless natives. NOW housing is a problem

According to wolframalpha 3.3k 1950's USD when scaled for inflation equates to about 34k today. Notice that the median home went from 2x family income to nearly 10x family income. That is untenable and will lead to loss of social cohesion.

>Now blue collar workers can't buy property in the most desirable real estate on the planet

>Products were much cheaper and better before we used cheap labour and advanced robotics

No they fucking weren't. An $18000 Hyundai Cuckmobile today is an order of magnitude more fuel efficient, safe, and mechanically reliable than an equivalent low-price car from the late 80s.

It recently came out that a huge portion of the Vancouver housing market is driven by Triad money laundering for money made selling fentanyl.

So they're selling drugs that kill our youth, then the Chinese mob is using that money to buy our real estate.

this is millionaire Mainland Chinese nationals entering Canada on a "millionaire Visa" program, buying Vancouver real estate to launder money

If you have a house you're selling or thinking about selling, don't consider what its worth...list it for a price nobody would have ever have considered. If your agent tells you to list it at $3.2M, list it at $7.888. If it's worth $5.4M, list it at $14.888. Pick a number.

It's far easier for the Chinese to launder $10M on one deal than it is on three.

zerohedge.com/news/2016-03-10/how-vancouver-being-sold-chinese-illegal-dark-side-behind-real-estate-bubble

Chink investors smuggle out millions in embezzled cash, hot money, bypassing the $50,000/year limit in legal capital outflows.
They make "all cash" purchases, usually sight unseen, using third parties intermediaries to preserve their anonymity, or directly in person, in cities like Vancouver, NY, London or S.
The house becomes a new "Swiss bank account", providing the promise of an anonymous store of value and retaining the cash equivalent value of the original capital outflow.

bay area is becoming this as well.
In span of 2 yrs rich chinks starting buying up everything,

It's literally Chink Triads laundering money by buying up 50% of your housing market, which causes skyrocketing prices that make it very hard for real people to afford homes. You are a fucking idiot if you take this as a sign of a strong, healthy economy.

thewolf.ca/news/4149818/vancouver-cautionary-tale-money-laundering

fuck off gook

www.thepeoplehistory.com/1960s.html

1940:
The average family income: $2,000
The average car cost: $850
The median home price: $4,000

1950:
The average family income: $3,300
The average car cost: $1,510
The median home price: $7,000
University of Pennsylvania annual tuition was $600:

Home price / income = 2.2
Car cost / income = .45
Tuition / income = .18

1960:
The average family income: $5,300
The average car cost: $2,000
The median home price: $12,000

1970:
The average family income: $9,000
The average car cost: $3,000
The median home price: $18,000

1980:
The average family income: $18,000
The average car cost: $5,000
The median home price: $55,000

1990:
The average family income: $29,000
The average car cost: $8,000
The median home price: $120,000

1999:
The average family income: $40,000
The average car cost: $16,000
The median home price: $130,000

these were all blue collar cities, you fuckin locust.

it only became expensive when you insectoids desired to invade Whiteman's land from your stoneage shithole

nys subhuman

And the government gives them diversity privileges.
Check your privilege bitch.

>will lead to loss of social cohesion.
What social cohesion? I thought it was long gone already.

see nope, 90s was the last decade of traditional american housing market (that spanned across centuries), with a house costing 2X avg salary even in metro areas such as NYC/LA/SF.
90s were in fact the last decade of american lifestyle, middle class, and the american dream. then bush came and all that was left was a trail of destruction throughout western civilization.

pre-bush, housing was never a problem

before 2000s/bush NWO/globalisation, the US has ALWAYS had avg housing price = 2X avg salary

God that would put houses around here like 100k.
Instead they're at least 3x that and still have mexicans around.