Quote:
Originally Posted by mykalberta
Right but if you compare the two homes, yours and your parents which is nicer? I know that a 500K house in Calgary is nice but not upper middle class nice, simply middle class nice where as I am thinking a 500K home in Winnipeg would be upper middle class nice. I am thinking that in Winnipeg or Acadia that is considered an upper level home where in Calgary that is a starter brick/morter home or middle class home.
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But that's just it- my parents don't live in a $500K house in Winnipeg; they live in a $220K house.
It isn't fair to compare their 35 year old house to my 4 year old one, so that's why I threw Acadia into the mix; similar age and style of houses; similar quality of neighbourhoods.
If they lived in a $500K house in Winnipeg then yes, they would be upper middle class, and also paying $7000 in taxes as opposed to $3500.