[GS8]

Originally Posted by supafamous

https://www.coastcapitalsavings.com/...age-calculator

Has anyone actually punched the numbers in and seen what it takes to buy a starter home (condo)? I haven't looked in a long time and it makes the whole argument that if you just live at home and save $100k you'll be fine seem really stupid.

$65k income, $100k downpayment gets you approved for a ~$220k mortgage so a $320k place. Monthly payment is about $1000 at current rates so entirely affordable but guess what $320k gets you in the Lower Mainland?

Richmond: https://www.rew.ca/properties/310-72...ad-richmond-bc

Coquitlam: https://www.rew.ca/properties/104-11...e-coquitlam-bc

Maple Ridge: https://www.rew.ca/properties/33-233...maple-ridge-bc and https://www.rew.ca/properties/218-12...maple-ridge-bc

Langley: https://www.rew.ca/properties/219-20...nue-langley-bc and https://www.rew.ca/properties/92-200...nue-langley-bc

Abbotsford: https://www.rew.ca/properties/217-33...-abbotsford-bc (sorry this is too far if you're early career and the jobs are in downtown)

Mission: https://www.rew.ca/properties/41-102...eet-mission-bc

Richmond: Coin Laundry

Coquitlam: Ground floor in a very high theft area

Maple Ridge: Mobile home 2nd listing: It's ugly and the strata fees are high but this could be the one if you got your $100k filed away

Langley: Not even wide angle lens can cheat this one 2nd listing: Mobile home again

Abbotsford: It's an ugly building and would be a hellacious commute if you work in Vancouver, but if you pull your bootstrap up high enough to become bootstrap-ons, this one could work!

Mission: And back to mobile homes