Quote:
Originally Posted by CliffFletcher
Successful tradespeople who get into flipping houses aren’t really representative of the less-educated population. Most people without degrees work in retail, food services, driving delivery trucks, etc.
I’m still liking the odds of a couple who have university degrees, are the children of degree-holders, and earn $100k+ in the professions to get on the housing ladder and pass on intergenerational wealth to their kids vs someone who has a diploma in hospitality management, parents who didn’t go to university, and earns $50k working as a shift manager at Boston Pizza.
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You don't need to even flip houses. You just need to actually buy one. Things are different in Calgary, where up until recently the markets were horribly depressed. But buying a house in 2007 vs 2015 created a massive difference in wealth for people I know.