Quote:
Originally Posted by Cowperson
Your parents were in exactly the same position as yourself at one point . . . . and probably saying the same thing as you were.
They put in the time, eventually paid off their mortgage, levered their extra savings into other properties . . . . and thirty years had passed.
You're not willing to put in the time. You want it now. Impatience. That's your problem.
Cowperson
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My father frequently tells the story of the near divorce their first Calgary home purchase caused.
He could see no reason how a home could be worth that much money, and the deposit cheque was the most difficult one he ever wrote.
The deposit was $500 for a $20,000 home in Lake Bonavista in 1972.
I also recently heard that over a 15 year period that calgary's average annualized growth in home prices was not that extreme and ranked 9th in Canada.
~bug