This comparison has been making the rounds on other local blogs and worthwhile to repost for those who may not have seen it.
Vancouver's housing bubble is reaching obscene proportions. And local bear bloggers are reveling in some of the stupidity currently playing itself out.
Above is the exterior of a house in the Kitsilano neighbourhood on the west side of the City of Vancouver.
The address is 2165 West 8th Avenue and I think you will agree... it's a big, old, dumpy house. You can find the internet sales listing for this house here.
With 8 bedrooms, 4 bathrooms, 3,962 square feet and sitting on a 50 x 120 lot; it's marketed as a revenue property which could possibly fetch $70,000 per annum in rent.
The asking price... a paltry $2,250,000!!
Here are some more pictures of the interior. Note: you can click on all these images to enlarge them.
Now... it just so happens famous actor Ashton Kutcher is selling his exclusive Los Angeles area home at 2556 Greenvalley Rd right now.
The 4 bedroom, 4.5 bathroom, 3,235 square foot home sits on 0.9 of a acre of land. You can see the internet listing here.
The asking price - $2,600,000 (that's $2,524,271 in Canadian dollars). Check out what you get in Los Angeles for that price...
All you can do is laugh at the current situation here in the delusional Village on the Edge of the Rainforest.
We will be ground zero for a massive collapse of Real Estate in Canada.
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