The housing affordability stories blow my mind. I know a guy that makes ~100k/year and his wife makes ~200k/year. They just bought a place that took 2 months to close because of when they had to sell, other's could buy, etc. He and his wife stayed in his parents place until they could get possession of the new place. They assumed they had the rate locked in and budgeted $6,000 a month for the mortgage payment. Unfortunately the rate was not locked in and the new payment was $7,500. At first I had super judgey thoughts, but then when you talk to other people in Vancouver it seems spending all of your after tax income on housing is just a thing you do there. It's insane to me
I cannot fathom the level of stress of owning a house with that kind of payment
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