Quote:
Originally Posted by Table 5
Considering how well luxury goods, high-end condos, high-end cars, trendy restaurants, and other moneyd things do in Calgary, it's no surprise that some people can't afford to live on 100k. I think the good times for many (but not all) have skewed everyone's perspective a bit in terms of what's normal.
While it's nice to see people getting rewarded for their efforts, sometimes I think Calgary could use a couple years of the Bust cycle, to shake everyone's priorities back in line a bit.
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I could not agree more. The problem with Calgary is that it is a city of status, people feel they need to keep up with the next guy. Oh he has a range rover, I need a range rover, you just built a 3000sq ft home I need a 3000 sq ft home. People in Calgary who make a good living (say 80k a yr), feel the need to spend money like they make 200k then complain that they don't make enough. How many of us know someone with a brand new vehicle that cost in excess of 60k and a house with a 400k plus mortgage who make less than 100k a yr? U don't need a new car or a 400k mortgage, people in this city live in excess. When the bubble finally pops many people will be in big trouble.