3 ms·
> Kind of like “nobody drives, there’s too much traffic.” That makes perfect sense to me? I can easily imagine a city where only 1% of people drive because tha
by BobbyJo 3y ago
> Kind of like “nobody drives, there’s too much traffic.”
That makes perfect sense to me? I can easily imagine a city where only 1% of people drive because that's all the roads can handle before being slower than walking.
> Translation: Canada is wealthy including most Canadians I know. That’s why things are expensive.
Wealth doesn't make things expensive. Supply/Demand imbalances and/or costs make things expensive. In this case, intergenerational wealth is consuming more than it produces, creating greater burden on the rest of the economy to make up the difference. Same with many Western countries. That's why debt in the west just keeps going up.
> People want big McMansions to store their consumerist junk because of our HGTV culture but you can live a good life in much less. Your kids can share a bedroom, they’ll even likely be happy with it.
That argument would carry a lot more weight if a 100k salary could afford even a studio condo in these cities.
- dangus 3y agoA 100k salary can afford a studio in Toronto. I found 199 listings within the boundaries of Tornto on Zillow under 2000 Canadian dollars per month, which is well under the rule of thumb for rent to income ratio. I found 1 and 2 bedroom listings along with studios. This doesn't include the rest of Greater Toronto, just the boundaries of the city.