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Economy

BobTheSubgenius

(11,945 posts)

2. I disagree with the calculus of at least one entry on that list - Canada.

Reply to jmbar2 (Original post)

Wed Feb 26, 2025, 11:37 AM

Feb 26

At minimum, in its major cities. rent and ownership cost is virtually out of sight. The average rent for a 1BR apt. was $2540 as of the latest survey, the average price of a IBR condo was $748,000 and the purchase price of a single-family home came in at a little north of $2,000,000.

How many hours would it take to save a down payment on a $2M house? And, how much would one still owe? If you SOMEHOW managed to come up with 50% down, you still owe A MILLION DOLLARS!

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Highlight:

International comparison of hours you have to work to escape poverty [View all] jmbar2 Feb 24 OP

Goethe understood how things and people stood in the USA. Kid Berwyn Feb 25 #1

I disagree with the calculus of at least one entry on that list - Canada. BobTheSubgenius Feb 26 #2

Wow! Astonishing figures jmbar2 Feb 26 #3

Early entries into the market who have hung on, BobTheSubgenius Feb 26 #4

It is an amazing place jmbar2 Feb 26 #5