Quote:
Originally Posted by Skyceman
Calgary renters rebel against ‘cult of home ownership’
CALGARY — Carla and Garry Knipe moved back to Canada three years ago after living in England. They were attracted to Calgary by its reputation as a thriving city with plenty of work opportunities, and Garry soon found work in IT for an oil and gas company. So far, however, they haven’t done what so many other Canadian families strive for by buying a house.
“We looked at the house prices and wondered how anyone could afford a house on the wages,” Carla Knipe says. “For us, it was simple economics. We looked at how much we’d have to put into a mortgage versus renting and thought renting makes a whole lot of sense right now.”
http://www.calgaryherald.com/touch/b...tml?id=6100596 |
I think most people with "zero" equity share Carla's thoughts. I doubt things were cheaper in England...
