Quote:
Originally Posted by Red
If it takes a couple10 years to save 50/60K then you must not be making a lot or you are spending too much. Either way, a case can be made that you can't really afford a house.
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I guess I disagree. I'd rather put 10% down and carry a mortgage over renting. Currently in Calgary, to rent even a basement suite you're looking at $1,000+ per month. Why would you pay money to help someone else mortgage their property when you can have it go towards your own?
Some people keep harping (and some I swear cheering for) a housing crash in Calgary. Yes, house prices will go down if that happens. But that's not going to be good for anyone, because that would probably mean Calgary's economy is tanking.