Quote:
Originally Posted by PepsiFree
Gas at Costco in Calgary: $1.53/L CAD
Gas at Costco in US cities, in CAD/L:
- Spokane $1.53
- Seattle $1.65
- San Jose $1.82
- Las Vegas $1.56
- Salt Lake $1.37
Median home price in CAD:
- Calgary $557000
- Spokane $678000
- Seattle $1212000
- San Jose $1790000
- Las Vegas $618000
- Salt Lake $784000
Median household income in CAD:
- Calgary $98000
- Spokane $86000
- Seattle $158000
- San Jose $172000
- Las Vegas $81000
- Salt Lake $90000
I guess the lesson here is that even though housing prices are significantly higher and things like healthcare and education take a significantly bigger chunk of the average income, capitalism works because you spend a little bit less for gas (in some places) when measured against your income and you get sweet deals on cell phones.
It’s incredible how stupid people have become.
Also had to laugh at an example of capitalism having a “check” was the brief period where they didn’t have new inventory so dealerships gouged people on used cars because they could.
Good job.
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A few years ago Calgary was the one of/ the most 'affordable' big city in North America when you took median income vs housing cost.
It has slightly come back to the pack a bit as housing momentum is building here, but for a lot of people Calgary is actually one of the last places you can get a job that allows you to actually afford the houses.
I fully expect the housing heat wave to accelerate in Calgary over the years to come. Calgary is about to get way more expensive