Quote:
Originally Posted by officedweller
That said, there are bound to be some anomalies - i.e. I doubt many of the people who live in the social housing co-ops on the Concord Lands shop regularly at Urban Fare - I don't even shop there. That means added costs for transportation.
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Actually, having lived in the Coal Harbour co-op and having friends at one in Yaletown, I can tell you that a significant number of people in those places can and do buy at high end stores. Just go look at the parking garage, my 10 year old Honda Civic (10 years back) was among the worst cars there...and there were a number of really high end cars in there as well (Lexus, Infiniti, etc).
Why? Because you pay based on what you earn, and the rent ceiling was pretty low (~$1200 for a 2 bedroom in a newer building and great location).
Not that there weren't people that were very low income, but they made up less than 20% of residents from what I saw.
So the best way to ensure cheap rent is to get fired and apply to a co-op ASAP...they can't kick you out even if they want to...and you have rent control as well