Quote:
Originally Posted by Hack&Lube
Housing costs rise because there are more people competing for less real estate. Salaries drop because there are more people competing for fewer jobs and there is always someone else who is willing to do the same job for less than you make.
Why should you expect those to be tied together or why would corporations be inclined to tie what they pay to rising housing costs?
I agree with your point as we all would like more pay and cheaper housing, but it just doesn't coincide with reality unless a protest can galvanize government intervention...to start killing off the weak and infirm and deporting the visible minorities.
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Is it not unreasonable to expect that cost of living should be at a decent % of your gross income? Or that by working in a professional environment, I should be able to afford a place to live?
The fact that your parents had a 20 year mortgage and I have a 35 year mortgage and a crappier place to live is fair... how? If the 2008 financial crisis didn't happen, I might be able to look at getting a cross generational mortgage, where I could lock my children in too all at a 1% variable rate, which is only good for 6 months.
Is there really less real estate available?
Not quite sure I understand the last bit. As we currently need a significant amount of immigrants in Canada or we will face a dire labour shortage.