Posted by: Fast-Orange
Wages and cost of living are out of whack and it's turning everyone into a bunch of cunts, especially me.
If we can't figure out how to fix that everything else is just bandaids on an axe wound.
It seems like Canada went from a normal reasonably affordable place (in terms of housing price to wage ratio) to completely unaffordable in a very short period of time. It's funny to me that we live in such a massive country with an unlimited amount of land yet our real estate prices would lead you to believe we lived in a place like Monaco.
A non-fixer-upper house in the Vancouver area seems to start at around $2M these days, which is insane. If you don't already have substantial savings, existing "home equity", or financial help from family, no job is going to allow you to afford that. Anyone starting from scratch financially now is totally screwed in that respect. Even a high paying job like a doctor... you're in school/residency until you're like early 30's, then you graduate with 6 figures of student debt. So it's going to take you quite a while to save up that $400k minimum downpayemnt that you need on the $2M house. If someone like a doctor can't afford a normal house in a city you know somethings wrong...