Quote:
Originally Posted by Kybosh
It kills me when people say this. I don't care how common million dollar homes are in Calgary, even modest home mortgages are a big deal. A $300k mortgage is a lot of money and people are foolish if they say otherwise. Consider this, if someone buys a $1M house with 20% down, they still have $800k in mortgage owing. Once you factor in interest and other stuff, the true cost becomes insane. Owning a house, regardless of the cost, is special. People should remember that.
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Yes I agree and it doesn't stop at the million dollar home...what about the furniture, cars, vacations and latest gadgets...it gets pretty exhausting keeping up with Mr Jones.