Quote:
Originally Posted by Maccalus
I think most of us would take a 100k house at 19% with todays salaries. When those were common average salaries were much, much lower than today.
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Right, but the entire point of the article is to point out that average salaries have not kept pace with the price of housing or post-secondary education. If an entry-level Calgary job in 1980 paid $30k per year and a typical starter home cost $100k, then we should expect an entry level Calgary job in 2012 to pay $120k per year since a typical starter home is now $400k. Obviously that's not the case.