10-17-2014, 03:12 PM
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#2905
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Willing to sell body for a few minutes on RS
Join Date: Oct 2005
Location: Revscene
Posts: 10,054
Thanked 8,352 Times in 2,817 Posts
Failed 440 Times in 132 Posts
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Some golden quotes here: How young Vancouver buyers are crashing the real estate party - The Globe and Mail
Quote:
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“There’s definitely sacrifices. I budgeted. I didn’t eat out. Some could say I missed some life experiences. But if you have that [home ownership] as your goal, anything is possible.”
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The anti-multicartual?
Quote:
“This was the first step of being an adult,” said Mr. Richards, 30, who said he and his 29-year-old wife chose Richmond because that’s where they grew up and where their parents still live.
They saved enough for most of the 20-per-cent down payment needed for their $300,000 townhouse – “a real fixer-upper, 43 years old, near Garden City and Williams” – and got over the hump with the help of Ms. O’Donnell’s father. (That saved them extra costs that get tacked onto a mortgage with a less-than-20-per-cent down payment.)
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Apparently being an adult means borrowing money from parents to own a shithole, er, 'fixer-upper'.
And lastly:
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Some young homeowners have become slightly evangelical about the need for others to realize it’s possible if they stop being so clueless about money.
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“They don’t know anyone who owns, they don’t understand money, they just don’t think it’s possible. I keep telling them: “It’s a conspiracy to keep you as renters. Then you can pay someone else’s mortgage.’”
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__________________
Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
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