Quote:
Originally Posted by Rutuu
Moving to Brisbane I see the same thing here that you guys chat about in this thread except it's too the extreme. Wages are lower on average here and housing prices are 2-2.5 times as expensive, but people make due by having more incomes in the house. A two bedroom in my building goes for $600k+ and it will have 4 people living and earning in it, so total house hold income is $200k/yr.
Maybe that's what will happen in Cowtown...you'll be 40yrs old living with a wife and a roommate college style.  |
It's already happening Vancouver. If affordability continues to erode (almost a certainty.....rates MUST go up at some point), you can be sure that this will become more common in Calgary as well.
I also foresee a lot more "Generational Homes", where kids (married, etc) remain living with parents and essentially Rent-To-Own the home. I had never considered such an idea before, and now know of two unrelated families doing so.