In Canada, it is a direct result of money fleeing places like Hong Kong. Prices in BC rose so crazy over the past 3-4 years, (to the tune of 500%) buying anything more than a bachelor suite in the suburbs is out of the question for most first-timers.
You can run this same cartoon at any time for decades. Some things never change.
During the mid-1980s (the Reagan years) I bought my first home. The cost of living was significant then as it is now. My mortgage interest was 13.5%, which was considered standard.
Relative costs ebb and flow, although they trend upward overall – this is nothing new. Generations dealt with it then, and will deal with it now. No use trying to sensationalize it and pretend that this is a new shock.
Flashaaway about 1 year ago
Ask those families with more than two kids why this is happening.
Baslim the Beggar Premium Member about 1 year ago
^ : You mean like Elon Musk?
blunebottle about 1 year ago
In Canada, it is a direct result of money fleeing places like Hong Kong. Prices in BC rose so crazy over the past 3-4 years, (to the tune of 500%) buying anything more than a bachelor suite in the suburbs is out of the question for most first-timers.
Jack7528 about 1 year ago
80% or more of regulations = costs. Figure it out!
ferddo about 1 year ago
You can run this same cartoon at any time for decades. Some things never change.
During the mid-1980s (the Reagan years) I bought my first home. The cost of living was significant then as it is now. My mortgage interest was 13.5%, which was considered standard.
Relative costs ebb and flow, although they trend upward overall – this is nothing new. Generations dealt with it then, and will deal with it now. No use trying to sensationalize it and pretend that this is a new shock.