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Old 05-26-2016, 10:23 AM   #6317
melloman
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It would take 23 years to save for a DP in Vancouver if you are only saving 15% of your annual income of $47k.

Some things to consider would be:
-Get a part time job at night
-Save more and spend less

Living with my parents, I would have racked up about $800 every 2 weeks with my spending habits on toys, eating out and partying.

The minute I decided to moved out, that VISA payment crashed to about $300.
The issue here isn't just affordability, it's the spending habits of my generation. Being in my mid-20's, I know tons of people who have their $5 Starbucks daily, go out to eat atleast 3x a week, and still shop til they drop. Ofcourse you're going to bitch and moan shit is unaffordable, because you have no money sense.

Until the younger generation learns money-sense, it will always be unaffordable.
Now the downside for older generations that want a house with land, well buck up, because you probably aren't getting it, and people need to really learn to live with that or move on.
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