Quote:
Originally Posted by Gerbs
To be fair, the people that are waiting for a "correction" are probably equally as spooked to buy at the max of their qualification. To my knowledge, the guys who are buying a $500K condo on a $80K salary are pretty close to pay cheque to pay cheque, so they will never be able to upgrade.
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A lot can change over a few years in your late 20s/early 30s. Sure, many people can make bad decisions and lose everything, but the vast majority end up partnering up and making more money to acquire larger housing.