Quote:
Originally Posted by Flaming Homer
I don’t have much to say on the subject as I’m not in agreement with what seems like the majority of opinion here. But funny the one guy saying that an “average” house is 512k and and “average” car is 40k. When the median sales price for homes is 380k in Alberta. And there are maaaaaany models of brand new vehicles in the 20-30k range that would be more then fine for a family of 4.
Seems like a lot of people think the “average” is a lot higher then what it is. Social media can do that too you.
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Median sale price for a detached home in Calgary is now $511k. Calgary, as already mentioned, has depressed home prices due to its high unemployment rate.
Yes, you can buy a cheaper home in a very rural area. Is that feasible for most people?
I agree with you on cars though. I don't think that cars are especially pricey right now, relative to what you get. Spending too much money on cars is not a new thing though or some example of millennial extravagance. That's been going on since cars were invented. The bigger issue is the cost of food and housing.