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/biz/ - Business & Finance

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4259860 No.4259860 [Reply] [Original]

>be me 1st year tradesman making 50k starting
>looking at houses
>average house in my city is 500k, 550k for the country as a whole
>70% of Canadians own homes
>check mortgage calculator, based on my income I can only afford a 230k house(these don't exist)
>median household income in Canada is only 70k or some shit

How the FUCK is everybody buying a house?

>> No.4259875

>>4259860
>How the FUCK is everybody buying a house?
their families help them

>> No.4259882

>2017
>unironically buying a house

the absolute state

>> No.4259886

>>4259860
where the fuck do you live that a house is only 500k?

in vancouver they are like 1million starting, 2million for anything decent

>> No.4259893

>>4259886
Edmemeton

>> No.4259895

>>4259860
It's only boomers and rich people playing the property market. They've effectively cucked millennials until the next global meltdown occurs

>> No.4259901
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4259901

>>4259860
its the same here in Australia

the younger generation is getting cucked hard by asset inflation. we can only hope that the housing market gets JUSTed but that will ruin our entire economy as well

>> No.4259904

>>4259860
they buy link wait 1 year

>> No.4259908

maybe find a wife anon

>> No.4259910
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4259910

loans

>> No.4259920
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4259920

>>4259908
lmao good one m8

>> No.4259944
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4259944

>>4259901
its all so very tiresome

>> No.4259963

>>4259860
you are comparing yourself to boomers who bought into the market 20-30 years ago. the value of their homes has increased and skewed the income to home value ratio.

>> No.4259985

dont fall for the house meme

greaterfool . ca

>> No.4260002

>>4259860

If you are a poor immigrant you get assistance and can buy a house

If you are a rich immigrant you bought your citizenship and can buy a house