That’s only if it has a mortgage attached though

I’m not familiar with nor care about Canada’s tax laws so have no idea if it’s more advantageous to own or borrow for investment properties

Adapt. I know folks that grew up in Forest Hill who wanted to buy their parents (long deceased) home that they grew up in. In the 80s. Which sold recently for 9 million or so.

Yes property prices have changed, but so have family units. My friend is single - his parents had 3 kids, and both were doctors - i.e., living the very good life even back then.

If now you're buying an apartment in Mississauga, so be it. I hear you on foreign property/equity firms snatching up and inflating property markets, and Canada did indeed bend over to take it - but so did London, Berlin, New York City, and most cities I can think of (Vienna is still reasonable, I guess).

To be a successful property investor you don't need to own multiple 5 bedroom homes in Rosedale, just saying.

brb "own" a 650sqft home = 2500+ month
brb rent a 650 sqft apartment = 1500 a month


INVEST THE DIFFERENCE!

You're talking about the top 5-10% of income earners, not people who are making middle income salaries.

Median FAMILY income in Ontario is about 100k a year, so that's two income earners making that much. Put that into an affordability calculator and with a 50k down payment and NO other financial obligations that family can afford $450k. That gets you a 1 bedroom condo, so good luck if you have children.

Seems a lot of people are out of touch with anyone who isn't a misc 10k/day CEO.

No, just always saw Toronto as a more affordable NYC. I know plenty of wealthy folks, some of whom inherited it from their parents (on top of being well-educated and top earners), and some who are like an El Salvador single mom with 1 kid, whose mom works as a cleaning lady for rich folks. He now works at a Tier 1 company, born in the 80s, and is worth millions of USD.You're the one who is out of touch with reality. Earlier I mentioned the college dropouts who couldn't handle their WoW or Everquest addictions. 'Yer own damned fault'. Folks who didn't take their education seriously are the ones who are 'out of touch' with the cascading effect parts of your life have on your ability to earn money.

What do you think is the difference between the same few folks on this forum going 'I was born in the 80s, I studied IT, but I'm stuck at 100k, no chance in life, it's over' and the example I gave above?

Tell me again who is out of touch, please.

Seems like it - who knew that being a lord of the land and providing free investment advice could trigger so many low iqcels.

Keep using a personal attack (that has no factual basis), very classy as usual. Besides calling people stupid names and ad hominems, what do you actually contribute to any discussion?

I guess I should state that you're a lonely basement dweller with nothing better to do, it's actually far more truthful than me "abandoning" my kids.

Again, you've been asked to provide that supposed statement multiple times and can't do it, but keep trying. Like I said, do you actually do anything besides herp derp silly names?

I'll be picking up my kids from school this afternoon and tucking them into bed tonight. Your greatest accomplishment is trolling people on a bodybuilding forum. Bravo at your life.

she's dumb as rocks without an education

people who are doing well can afford houses

if she didn't take a new dick every weekend at college and had a degree of importance, she'd be on more than the peasant salary she currently earns

you make your own luck in this life

While you continue to cry about how hard it is, I will continue to acquire properties and businesses. Don't worry, there will always be a place for you to rent.