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While that income sounds like a lot it doesn't stretch to buying a home every 3-5 years. Are you taking about getting a mortgage? I make more than that but it's
by dpbriggs 4y ago
While that income sounds like a lot it doesn't stretch to buying a home every 3-5 years. Are you taking about getting a mortgage? I make more than that but it's unrealistic I'll be owning a fully paid off house in 3-5 years. I could get a mortgage and purchase a house in that timeframe.
After taxes, high COL, sky-high rent, and retirement savings there's maybe a deposit in there.
- LegitShady 4y agothe average household income in canada is ~$75k. $200k is a lot more "then maybe there's a deposit there". That's paying off a mortgage in record time if thats the priority money. Everyone in canada who is struggling is paying taxes, col, rent, and retirement savings, or they don't even get retirement savings. You're out to lunch and out of touch.
- dpbriggs 4y agoAh yes, the economic trick of buying the "average" house thousands of kilometers away from where I live. The average house where I live starts at four hundred thousand. Much more if you want detached. Thanks the advice. I'll start purchasing property impractically far from my work. Good idea