Quote:
Originally Posted by westopher
How the fuck anyone could do that makes me actually ill. I can tell you that you can comfortably (and I mean very comfortably) hit the higher 300s, with a 100k+ household income and no kids, but the thought of 500k, never mind 1.5 mil you have basically ruined your life.
Personally I think any higher than the 3-400k though and you are going to start sacrificing the fun stuff. I'm much happier with money to blow on fun and a nice small place than a big place full of Mr. Noodles.
I'd compare the Vancouver housing market to some stupid 19 year old hostess spending all of her money on a coach purse and having nothing left to put in it.
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The way bank sees it is that the suite would bring an additional 1k monthly.
They did put about 30% down as parents of both sides chipped in... but still, it blows my mind for them considering such an expense when they bring about 6k home. Even with the mortgage-helper, it's going to be very tight for a family of 3 or 4 down the road.
Quote:
Originally Posted by Tapioca
Where are friends' kids going to go to school? Southridge at $15K per year?
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I think given the location they picked, Southridge was definitely part of equation. I mean, it's the closest school to their house. How the heck they are going to afford 15k/yr tuition... I don't know. Maybe grandparents would chip in again.