Quote:
Originally Posted by fotze
Man would it suck to be buying your first house now. I think I saved up $3500 for my first down payment (mind you it was three of us).
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My parents bought their first house for 74k once upon a time when they were making 40k/year salaries.
My wife and I are looking at a house in the 350k range, lets just say my yearly salary doesn't allow me to pay off my house in two years time.
I've got about 60k saved up for a down deposit so I will be close to the 20% needed to avoid CMHC.
Where has the disconnect between wages and home prices come from in the last 30 years?