Quote:
Originally Posted by Regorium
The only part that matters about their stories are the fact that they are making $167k after tax (in 2010 even).
With that much money, they could've bought 3 houses back in 2010. Their decision not to buy an "overpriced house" and rent instead cost them at least half a million dollars if not more than that (especially if they bought in "overpriced 2010 vancouver" or "overpriced 2010 toronto").
Saving is great, but everything is predicated on income. As I wrote in the OP, nobody ever got rich by saving. This couple get rich by earning more money - and that's what both Money moustache (MMM had 250k USD income back in 2002 or something like that) and this millennial revolution couple did. IMO THAT is the key to financial independence, not the "rent vs. buy" decision (only the latter is highlighted on their site though).
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Lol...that's a great point. If they'd bought a house in Toronto in 2010, they could have easily paid the mortgage with their salaries. The house would cost around 500-600k and be worth around 1.5 million now.....
So basically these people are just giving bad advice.