Quote:
Originally Posted by Shazam
People need shelter. Without shelter, you die.
Therefore, there will always be demand for shelter. People buy what they can afford.
My dream is to have three hot blondes sucking my #### all day, but there you go.
You do realize you're looking down at people because they can't make as much as you or they can't afford a house as nice as yours, right?
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Where do I say that I make more or have a nicer house than anyone?
What I am getting is that you say that $400K is affordable. I disagree as the median household income (91.5K) should get you a median priced home. Condos and suburban houses are great but they target 1st time home buyers, young families etc. Oddly, my demographic. The thing is that with the median household income a lot of 1st time buyers/young familes are making less. Suddenly, not that affordable. Owners with median household incomes are forced to settle for condos/starter homes due to prices outpacing income. There is more to the story such as built up home equity, savings etc. but with such a large debt/income level in Canada it's not a huge factor. Nothing wrong living in these type of places but in a normal market that isn't overpriced it's a different scenario.