Isn't that the truth? It's them f**king Jones bastards!
OK, so he found ONE!
It takes 23 years to save for a down payment in Metro Vancouver!
- Thread starter JLM
- Start date
Isn't that the truth? It's them f**king Jones bastards!
OK, so he found ONE!
Funny how times have changed. We bought our first house in 1966. It was a 1200 square foot rancher and it cost almost exactly
twenty thousand dollars. We sold it roughly five years later for about forty thousand. We've had seven or eight houses since and that original rancher is now on the market for half a million. This has happened in just about every market in Canada. If there is a villian,
it is inflation. Don't complain. Take advantage of it.......Cheers..
twenty thousand dollars. We sold it roughly five years later for about forty thousand. We've had seven or eight houses since and that original rancher is now on the market for half a million. This has happened in just about every market in Canada. If there is a villian,
it is inflation. Don't complain. Take advantage of it.......Cheers..
Imagine being your kids, starting at the game of monopoly today, when you guys been going arround the board for years. I'm glade you get to screw everyone that came after you. Must feel really good :lol:
My kids have managed to buy. My 32 yr old daughter, bought in Vancouver 2 years ago. My 25 yr old son, bought a condo in Calgary a year ago (he works for Best Buy), my youngest (21) will be buying his condo within the next year ( he also works for Best Buy). We have not helped any of them financially with the purchase.
Plus, my wife and I bought our first house ever, just 2 years ago. To state, or even imply, that it's not possible to buy these days is out and out bullshyte.
Are you suggesting salaries have kept up with inflation?
Are you suggesting we have the lowest unemployment rate in the last 60 years?
I'm "suggesting" that it is possible, if one wants it.
For over 35 years I was one of the "idiots" that whined that homeownership was out of my reach. That houses were too "expensive". That it was easier to rent. People have been saying since the 80's that houses are "too expensive", yet there have been people that have managed to buy. It's all about priorities. When my wife and I decided that home ownership was a priority, we saved up the down and bought a house. Priorities.
I agree.
But is it getting easier, or harder?
30-40% of first time home buyers need help from a parent to cover the costs. Was it like that way back when?
I bought a house in a zone where the average family makes 117000$.
I sure don't make that, and my wife is at home. So I understand the priority.
Why do you think I'm on here all the time? Because I have money to spend on restaurants beer and cigarets? :lol:
I didn't buy back then, I bought now and I didn't find it that difficult when we put our mind to saving.
Do they, or is it just easier for them and they don't have to cut back as much to save?
Ok, then that's what they need to do if that's where they want to live. Or, they can lower their expectations and start off with a one bedroom condo and work their way up from there.
I know of married couples with one or two kids biting the bullet, buying a one bedroom to get into the market and then upgrading after a couple of years because they can't afford a 3 bedroom detached house right off the bat. Priorities.
So, live in Abbotsford, Chilliwack, Vedder, or even Hope, and that's only one side of the river. There's a commuter train that runs from Mission into Vancouver. Working in the city is not an excuse to having to live in the city. Priorities.
Even the wack is getting expensive these days . It's growing like a weed and the relators are loving it .