Thread 2: Millenial Housing Crisis: Worse Than You Thought

>Back in 1976, it took five months of full-time work to pay the annual mortgage on an average-priced Canadian home, after saving 20 per cent as a down payment

> in 1976 [...] the price of an average Canadian home (figures adjusted for inflation) was $213,030 and the median full-time earnings for a 25-to-34-year old were $54,700. That’s a ratio of roughly four to one. Compare that to 2017, when the average home price was $510,179 and income for the same age group was $49,800, pushing the ratio to 10 to one.

business.financialpost.com/real-estate/millennial-housing-crisis-turns-out-its-real-and-worse-than-you-thought

Why aren't you a homeowner yet lads?

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I am but that's because I went into STEM and became an engineer and lived with my parents working until I was 28 and bought my house. Now I'm living the boomer dream.

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My millennial friends who bought houses all regret it. It’s just another meme I refuse to fall for, getting scammed by college really woke me up.

Meanwhile :)
www.cbsnews.com/amp/news/housings-big-problem-boomers-arent-downsizing/

My father disowned me for not being a Chad who earns who earns €55k/year in my mid-twenties. He don't even text me on birthday, then i get 3x "fuck you, i wish i didn't have you" texts randomly every quarter when he's drunk.

Owning a house is ok but taking care of the yard while working second shift sucks dicks.

Just bought my first house October 1st. A few years behind the schedule I'd set for myself, but still early enough to lock in a solid apr before the market goes tits up.

That's what Mexicans are for

It's kinda a meme dude, because once you own it everything seems to go wrong and you're on the hook to fix everything. But on the other hand you own it, and can do whatever the fuck you want. I'm doing renovations slowly to get my place in top shape before renting it. Even if I don't make money renting initially, it's paying for itself, and I own it.

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Why do they regret it?