[westopher]

200kish is like 12-13k post tax per month. With a million dollar mortgage you’d be paying about 5k before property taxes and home insurance. So after home costs being left with like 7k for all the other stuff life comes with, is ok, but it’s certainly not going to be living the dink life you could be living otherwise. Especially if you add in a big commute, and want to save fairly aggressively, because let’s be real, we are going to need at least 2 million for retirement if we want to live well from 60 on. The numbers don’t look that sweet, and let’s be honest, as much as everyone from RS likes to act like they make 6 figures and only bang models, over 200k is a very good income, and not the norm in the lower mainland. It still is indicative of people way over extending for housing here.
There is a point where it’s just not worth either owning a house, or living somewhere that you need to work an, I’m assuming, high stress job and have to choose between owning a home, in fucking Surrey no less, or enjoying yourself.