Quote:
Originally Posted by UFO
Im aware of what the stats show, and those are fairly skewed IMO. People working minimum wage jobs at McDonald's and Walmart should not be in consideration to buy property, even before prices took off
Lets look at it this way. I would say that being a teacher, nurse, office worker, construction/trades, these are all average work positions. Not entry level, you'd need some level of education and/or experience to be average in this sense. These positions can pay a fairly average 50-60k if not more depending on your skills and experience. Since when did working in these areas classify anyone as above average or even rich (by way of the official median income stats)?
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What the heck?
What's the point of focusing on top 30% earner and forget about 70% of workers(entry level wage workers) in Canada.
So what you're suggesting is that only top 30% should be buying a house and pay the income/living support for the rest of 70%?
As westopher said, you don't seem to understand the term "average".
Our education system offers a course called MATHEMATICS, you obviously didn't attend, or failed miserably.
You can't just look at top 30% income and say Canadians should be able to afford a house.
And to be honest, I don't think many top 30% can afford a home in Vancouver.
If you Google it, even high class earners like doctors and lawyers are struggling to afford a house in Vancouver.
Vancouver housing have-nots struggle with sticker shock - The Globe and Mail
Chilliwack doctor worried he?s being priced out of Metro Vancouver housing market | Globalnews.ca