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quote

Housing affordability: From Boomers to Millennials

November 20, 2017 by Bryan Velve

I had a conversation with my mother about how my kids and the younger generation will afford homes in Vancouver one day, and how it almost seems impossible without help to do so. The response was quite surprising.

Perseverance, hard work and sacrifice

Instead of agreeing with me she told me of how people faired in the depression, and how lucky we are today. About the Second World War and the suffering that seemed insurmountable at the time. How they started with nothing and made next to nothing. They started with buying whatever they could afford, saved like crazy and fixed up the place they bought while not affording to do anything else. And it was not a house. After three moves they afforded a home that they had a 25-year mortgage on and my grandfather called them crazy for paying that much. He told them that they would go bankrupt owning it.

Enough of my mom’s story, but perhaps today’s generation needs to be willing to go without their avocado toast at $14 and their outings to the latest restaurants. To stop complaining about Vancouver’s affordability, and to start looking for an affordable alternative that can work them up to where they want to be one day – NOT NOW!!

Perhaps we are all spoiled by the gracious lives we have been born into. This sense of the world owing us a favor when the reality we owe it. For it has provided a wonderful life compared to the past. The number of hardships that mankind faces have gone down substantially. It is up to us to change to make our lives what we want them to be. Change can only occur with pain or pleasure as the catalyst – So pick your path.

You’ve got to start somewhere!

I get it that prices seem impossible, and perhaps you do not see why you would even try to live where you grew up with the neighbourhoods changing so much. But this frustration and negativity will not advance your cause. Buy what you can afford and fix it up and build equity so you can move your way up. Maybe it won’t be what you imagined for yourself, but with the right outlook and perseverance, you will succeed like your grandparents did.

I respect what people have gone through to succeed. I truly respect those who have built the integrity that has made our country a great place to live. Our grandparents came from many different places and fought for this country so that we could have this graced way of life. Let’s keep that in mind the next time we complain about what we have or don’t have.

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Filed Under: Buying, Market trends Tagged With: baby boomers, housing affordability, millennials, vancouver real estate

About Bryan Velve

Bryan obtained his real estate licence in the late '80s. He was 21 years old and probably had a mullet. We will find the evidence ;) Over the years he has become a top-selling REALTOR® in Vancouver, achieving the prestigious RE/MAX Circle of Legends career award in 2015.

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