Peakster -
Quote:
Originally Posted by Peakster
The sad thing is that a 'starter' home went from $80,000 five years ago here to now $200,000+. Yet salaries haven't gone from $20,000 a year to $50,000. The whole thing just makes me want to move to a hick town in the middle of nowhere with a population of 300 people (which, by the way, a home there will still fetch $45,000 these days) 
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That city of Saskatoon is just a two hour drive from where I live. A 56% home price increase in just one year is asinine. |
In the mid 1970's my parents home cost about 2 times my Dad's yearly gross income. My wife and I have a home with 1/2 the square footage at 5 times the cost of my gross yearly income. And our choice of home was in no way extravagant. I like to call it the "postage stamp".
That's one reason why I think the times just ain't what they used to be.
CarloSW2