this post was submitted on 30 Aug 2023
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Obscene.
Luckily I was able to buy a modest 2 bedroom condo with pretty much every dollar ever saved with my wife almost 3 years ago. Nice walkable area too, close to the trains.
It was the height of the pandemic and prices bottomed out in the city ‘cause nobody knew if they’d be employed. All the old timers were selling to get the fresh air of suburbia. Or dying.
Just a few weeks after we closed, prices shot up again. Got super lucky.
We pay less in mortgage & taxes than rent. But it’s not cheap either way.
Our friends who bought are either paying out the ass or can’t afford a home anywhere reasonably close. Some of us are pushing 40.