03-05-2023, 01:40 AM
(03-03-2023, 03:45 PM)Rainrider22 Wrote: now now. don't judge without knowing facts. I have good friends, two families in fact, who live there in what you describe. But I can advise you they all( both husbands and wives) worked their asses off to achieve what they have. They made a lot of personal sacrifices, not eating out or buying impulse frivolous extras, driving old cars etc, not going on vacations. They also bought small homes and traded up a few times. So, they have been rewarded with some very nice large homes. I on the other hand, took a different route and lived it up a bit. So I live in a much smaller home. Life is about choices. But I never begrudge someone having more than I have. Now, they could very well become NIMBYs just as much as anyone else...not that they are at this point. I have asked them about the developments and they are all fine with it.
I think it's just impossible for many younger people these days to buy houses. See for instance this journalist who gave up on the Wellington NZ housing market last year and moved back to Montreal with his partner. Like, the average earnings times house price multiple today is not the same multiple as in 1990 or even 2000.
https://www.theglobeandmail.com/opinion/...ng-crisis/