Crack shack or Mansion? How do property values compare to where you live?

[Locut0s]

House prices have come down a little bit here in Vancouver over their height a year or two ago but only about 10% or less. Unlike in the US the housing bubble here locally is spurred on more by rich immigrants moving here from overseas so we didn't see the housing crash you guys saw south of the border. Though my guess is that prices will go down a fair amount of the global economy continues to tank.

Anyway how to these prices compare to where you live?

http://www.crackshackormansion.com/

[slackmaster]

1. That was entertaining. I thought housing was expensive in San Diego, California.

I still think it is.

[sakabatou]

2. Almost every house here goes for around one-million dollars or more

[Fumesucker]

3. The three vitally important criteria for real estate..

1) Location

2) Location

3) Location

[Le Taz Hot]

4. Ours are about a 10th the price

for the same thing but I don't live in a high-income area either.

[cali]

5. We didn't have a housing bubble in Vermont

Vermont Mortgage Laws Shut the Door on Bust -- and Boom
http://online.wsj.com/article_email/SB125054188939938015-lMyQjAxMDI5NTEwODUxNDgxWj.html#articleTabs%3Dcomments

And we never had sky high unemployment either. It's currently around 4.6%.

http://online.wsj.com/article_email/SB125054188939938015-lMyQjAxMDI5NTEwODUxNDgxWj.html#articleTabs%3Dcomments

[ErikJ]

6. Vancouver BC is also rated most livable city in the WORLD! Ya get what you pay for.

I love Vancouver. It's inner city is extremely vibrant and beautiful. All Canadians have free health care. High cost of living is the cost.

[Locut0s]

7. This is true. :)