Quote:
Originally Posted by radeonboy
I must be doing it wrong then - my parents get that allowance out of me instead of the other way around  |
Majority of east van grew up as poor immigrants but the housing market turned their 1990's $200-300K van special into a money printer. Depending on how many suites / bedrooms you have, they've been making $1.5 - 4k/month on their basement suites for the last 10+ years. It's crazy how their rental suites make more than their dayjobs as labourers, clerks, chefs at kents kitchen.
All that rental income + 50%+ savings rate = multiple properties for their kids. Waiting for my turn though, I'll take my free unit at Solo District anytime now. Idk why but they all seem to buy their kids condos at Brentwood/Metrotown. Now the prices there are same as Mount Pleasant / Downtown for new builds.