Quote:
Originally Posted by UFO
Why are we talking about new builds or newish builds then? Plenty of units available 10-20yo at more than reasonable prices in good areas for 300-400k, even less, easily affordable for a couple making a very average salary and even for a single.
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Do you have an idea what an average household income is?
I'll give you a hint. Its 67000 in Vancouver
A standard rule set by lenders is that your housing shouldn't cost more than 28% of your pre tax income.
$1500 that leaves you for mortgage payments.
That maxes you out at a 350k place, paying the maximum allowable lending amount set by a bank.
Add in your $400 a month condo fees for your poorly managed 25 year old dilapidated building and you are spending 50% of your POST-tax income on just your condo. That leaves you about 2100 a month for transportation, food, entertainment, clothing, MSP, insurance, phone, tv and internet.
But those other things are just entitlement. Why should an average earning person get all those luxuries?
Feel like furthering your education?
Why should you feel like you deserve such a luxury?!
Get injured or sick and can't work?
Too fucking bad, work harder you entitled millennial! You should have saved more money for an emergency even though its completely not possible!
It blows my mind how people don't even care about the world (or our city) being a better place for average individuals.
Again, I'm doing just fine. I'm not some pissed off kid thats mad because he can't get into the game. I'm mad because the game isn't fair for those that didn't have something handed to them.
I'm also mad because people that got lucky feel like those that didn't "just need to work harder and quit complaining."