A little Vancouver balsam as a balm on Detroit's wounds...

[iheartthed]

The market justifies the cost of living. How is it silly? Those prices in Vancouver have been like that for decades. A lot of people are crammed into a 44 square mile city. Greater population density per square mile translates to higher prices. Where do you get the 3x average household income for the same population density as Vancouver? What would the same house cost in a city with more population density per square mile like Manhattan or Tokyo? A lot more money because more people are crammed per square mile. It's not silly math. That's how the market forces work. Supply and demand. Yet, you think it's silly. Maybe you just can't understand such a simple concept.

According to this link, Vancouver was more expensive than Manhattan, per square foot: http://www.msnbc.msn.com/id/37963066...-overexposure/

I've never been there but according to wikipedia Vancouver is only a little more dense than Chicago [[Manhattan is about 6 times as dense, and NYC as a whole is about 2.5 times as dense). So I'd guess that Vancouver has some extremely restrictive construction policies that is helping to keep real estate so expensive.

[davewindsor]

According to this link, Vancouver was more expensive than Manhattan, per square foot: http://www.msnbc.msn.com/id/37963066...-overexposure/

I've never been there but according to wikipedia Vancouver is only a little more dense than Chicago [[Manhattan is about 6 times as dense, and NYC as a whole is about 2.5 times as dense). So I'd guess that Vancouver has some extremely restrictive construction policies that is helping to keep real estate so expensive.

So I guess that's why a condo in the old Manhattan Plaza Hotel sold for $48m earlier this year http://www.bloomberg.com/news/2011-0...te-record.html Whereas, the highest price paid for a condo in Vancouver was what, $18m? About the same size http://www.canada.com/edmontonjourna...b-81a5b4ea4abb

[iheartthed]

So I guess that's why a condo in the old Manhattan Plaza Hotel sold for $48m earlier this year http://www.bloomberg.com/news/2011-0...te-record.html Whereas, the highest price paid for a condo in Vancouver was what, $18m? About the same size http://www.canada.com/edmontonjourna...b-81a5b4ea4abb

You do know what an average is, don't you?