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Since he's in Canada, 600k would get him an OK house in a good neighbourhood or a good house in a decent/undervalued neighbourhood, not anything great... beside
by anatoli 18y ago
Since he's in Canada, 600k would get him an OK house in a good neighbourhood or a good house in a decent/undervalued neighbourhood, not anything great... besides, he would most likely get a mortgage, so he could afford to go even higher than that. 150k would get him hardly anything, unless he lives somewhere in the middle of Saskatchewan.
(I speak from personal experience, I own a loft in Vancouver.)
I agree with your overall point though.
- thenduks 18y agoI mostly agree, you don't want to spend less than 500K on a house if you live anywhere near a major city. But if you live outwards a bit (say, an hour from Toronto or similar) then 400K gets you a massive 3 story house in a quiet neighborhood. Depends on what you're into.