The fact that people in Vancouver who are making very good incomes should choose to live in a van is a symptom of a housing market that’s shut so many out
Jaden King, 23, and his girlfriend Baylee Talan, 24, have just given up their North Vancouver, B.C., apartment so they can spend the next few months building out a van that will become their new home. They are both chemical engineers who work full-time and make good incomes, but they have decided to save money by living out of their van.
The van is parked at Mr. King's parents' home as they work on getting it ready to live in full time come spring.But most of the people living in their vans aren’t white-collar professionals like Mr. King and Ms. Talan. “It feels completely unrealistic, I have a friend who I went to school with and he and his wife bought on our street in North Vancouver, a replica of our apartment, a one-bedroom plus den, 650 square feet, and they paid $720,000 a couple months ago.The plan is to spend as much time outside the city as possible. They’ve purchased a Starlink kit for their remote WiFi connection.
“There’s a guy in a big full-size RV out front of [where I work]. He’s a nicely dressed guy and he goes to work every day and he’s permanently parked on this road,” Mr. King says. That includes his parents, who support his decision, he says. They’ll be living at his parents’ house in Langley, B.C., while they rebuild the interior of their 2004 Sprinter, which has a high roof so they can stand up inside without crouching.
Mr. King only wants to put about $15,000 into the rebuild and then he’s in it for $34,500. Considering their rent of $2,244, after about 15 months they’ll start to get ahead on shelter costs and start saving.Mr. King said they were always camping and spent little time in the apartment anyway, which he found too confining. When they do buy something, it will be a vacant lot somewhere they can build a tiny house.
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