Quote:
Originally Posted by Tapioca
I think the problem facing young people today is that your average 50K salary really limits investment opportunities given the cost of living. Most jobs don't have pension plans, so what does a yuppie do? Not everyone wants to (or can) live in their parents' basement rent free in their 20s and early 30s. It can easily cost $2000/month to live in Metro Vancouver. If you take home around 2500-3000/month net, what's left to invest?
Buying a home requires sacrifice, there's no doubt about that, but how much should people sacrifice?
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Exactly. Lower than average salaries with higher than average cost of living. Something will give eventually.
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