Quote:
Originally Posted by SumAznGuy
I'm intrigued as to why you thought this as a young child.
Assuming 20 years ago, houses were still really cheap.
I remember 15 years ago, the house that I was renting the basement from, was listed for sale for $400K and it was a fairly new house in east Van.
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This is my speculation but...
If you were born in a poor family, and all your friends and relatives were renters, it is sometimes hard to think that you will some day own a house.
Just like if nobody in your relatives have a Lamborghini and private jet, you probably won't even think about owning one in the future.
Although poverty rate has been better in recent years, it will always exist.
https://en.wikipedia.org/wiki/Poverty_in_Canada
Poverty Rate in Canada
Low Income Rate in Canada
