Quote:
Originally Posted by The Fonz
Does it seriously cost 600k to buy a home in an undesirable area? I don’t live in Calgary.
As for my previous post, the point I was making is that it wasn’t so easy for Boomers to buy their 1st home either. They struggled much like the 25-35 year olds of today.
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Not only that, but when we bought our first house, only the prime income earner was allowed to be used for determining mortgage eligibility. Our first mortgage was 9%.