Quote:
Originally Posted by logan5
Hilarious. Anyways, along with new development in the dtes, the privately owned sro hotels are being upgraded and rented out to students, artists, etc. The drug element is being decentralized. With such a large concentration of historic buildings, the dtes will be Vancouver's hippest neighbourhood, despite your scare tactics. You mentioned you were looking to buy in Brentwood, but if you're smart you'll reconsider.
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I would absolutely be grateful if DT eastside gets cleaned up, because that is going to make Vancouver even more beautiful. But in the meantime, I do not want to live or even be near that area. That's just me tough, feel free to move there if you wish.
Quote:
Originally Posted by Tetsuo
I think Hastings if thinking long term is going to be a solid investment, either SFH or commercial lots fronting the street.
Its cheap right now and would skyrocket if it ever gets a transit line.
I'm personally looking at Gastown/DTES/Chinatown for a studio/living/work space since I appreciate higher ceilings, and I do appreciate the nightlife in the area for someone in their 20's.
Looking at SFH I still havn't decided but am looking towards New West/Surrey/North Delta/Coquitlam/Langley. Lesser extents Burnaby/Vancouver
The problem with the big non pedestrian friendly condos at BrentWood, Surrey Central, Marine, Metro is that the condo supply will keep on growing since there are plenty large lots to redevelop into towers. Oakridge manages to avoid this since the area is surrounded by NIMBYS and small lots.
Just my 0.05 cents
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I would agree with you to some extent that there are plenty of land to build new condos going forward, but it makes a difference living 2mins away from a skytrain station vs 8-10mins walk from the skytrain. The value for the building closer to the skytrain will always be higher given that they are the same quality. Not having a car means that young people will be able to afford higher priced properties' monthly mortgage payments. At some point, land will become scarce for these areas as well.