Quote:
Originally Posted by Incinerator
I never said it was a deal. I only cite that as a case against the notion that it's impossible to get into the market for young people. I was talking about unrealistic expectations that need to be adjusted and this would be the perfect example case. 420 is not that small if you saw the inside, the floorplan is perfectly functional with an enclosed bedroom you can fit a queen-size in, a living/dining room, kitchen, bathroom and in-suite laundry. Tons of places going for way more in Vic Park with no in-suite laundry and only marginally bigger at 500ish sq ft.
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420 isn't small? 420 is tiny. I can point you to dozens of my friends who want out of their 400 sq ft condos, but can't because the market is killing them. Initially when you move in, you can tolerate it. Give it 3 months down the road and you could barely fit your belongings, and see how happy you would be with 400 sq ft.
Your other point about making due isn't viable either. For close to $190,000, you are still spending almost $1200 mortgage a month...add in condo fees ($250 average), car ($120 insurance, registration), gas ($400), food ($300), and all the other stuff, I'm not sure how a person can live on their own.