Quote:
Originally Posted by indes
My wife and I are lucky that we both have 6 figure jobs but really unlucky that my divorce/custody battle pretty much sank me and left me with a mortgage worth of debt.
That being said its getting impossible to climb out of the hole. We have 3 kids and everything just keeps going up and up and up - except wages. At some point the funnel to the top has collapse right?
Not sure how the collapse of the debt based system will look, but I don't think we're too far away now.
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I agree, the bubble has to burst at some point, could a city like Calgary one day sustain the avg house price of 1 million?
The biggest cost has to be kids. When we were kids, we cost next to nothing. No there's daycare, after school care, activities, toys, internet etc...
The OP's wife not working is actually the better track. If she picked up even a part time job, how would she manage the kids these days? Maybe if she was working from home?