Opinion

House prices dictated by location

 The size of the house is not the only key element in the cost of buying a home, says a letter-writer, maintaining location is a much bigger factor in driving up prices. -
The size of the house is not the only key element in the cost of buying a home, says a letter-writer, maintaining location is a much bigger factor in driving up prices.
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Re: ‘Affordable houses nowhere to be seen,’ letters, Oct 5.

I moved my family to Cloverdale approximately 20 years ago.

If I were to buy my own home back today, it would cost me four times more than what I paid for it 20 years ago.

I notice (letter-writer) P. Gebor, who claims to have lived in Richmond for 21 years and Surrey for 15 years, avoids using the words “rent” or “buy.” It is realistic to assume he/she rented instead of buying, and has no equity to buy with.

Gebor further states, “All I want is a new two- or three-bedroom rancher that I don’t have to fix up.”

It isn’t the type of house that costs the big bucks. It is the location of that house. It is location, location, location. It is unrealistic for Gebor to expect a developer to place a cheap house on a very expensive lot and expect a buyer.

Gebor must make a decision to face the real world and look at housing up to and beyond Hope, preferably as a buyer.

Fred Perry

Surrey

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