Quote:
Originally Posted by hulkrogan
Why jump to the extremes? Take the $500k, add the $130K I mentioned, and you can find a nicely renovated 1600sq ft house on a good sized lot within a 10 minute bike of downtown.
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Quoted for emphasis. The number of people that don't understand how your monthly car payment could boost your housing budget by a big amount is staggering.
Several friends have dropped down to 1 car after moving closer into inner city from the burbs and being able to use Transit / walk / bike.
It's interesting to see how many of the "nouveau riche" and young professional types in Calgary are choosing to be inner city with it's proximity to work and frankly prestige. Growing up in the 80's it was all about being in an "Estate" area of a burb (ie Varsity, Bonavista). The new Burb developments seem to have a lot less "estate" type housing than they used to. (Excluding Aspen / Wentworth)