fibbi

Statistic is always good as a reference. To considering buying property or not always base on your own ability and need la. One make $30K and one make $800K is different la.

fibbi

回復 189# sheep


    Actually there is bath tub in the 300 sq ft space.
The kitchen can only fit in 2 people.
The dining table is folded after dinner, to open the sofa bed.
One bedroom with 碌架床, sleep 4 people.
The other room is a double bed, but add a wooden plate at the end to "extend" the bed so that it can sleep 3 people. (sleep with head on the side, if you see what I mean).

fibbi

回復 194# Look4chrisng


    haha, I used to spend $20 for hair cut and that includes tip. And you don't have hair cut every week gwa....it's once every 3 months (or 2 months).

Now I actually spend $50/week on grocery for 2 of us. That not only includes grocery but say laundry detergent as well. I don't see how it's impossible. If you want a big purchase in life, why can't sacrifice something? But if you want more "enjoyment" lifestyle, then just rent instead. Say paying $1500/month rent for an apartment, then there would be no extra expense. For a couple, that would be more $ to spend for sure. Who say we have to buy?

fibbi

回復 187# randommike


    That's why I say current generation (including myself) is spoiled.

fibbi

咁慳家
如果你未嫁
一定追瘦你
sheep 發表於 2010-9-28 19:28

    我可以好慳家，不過唔代表我唔識洗＄。。。hahaha
而且羊肉唔啱我嘅口味

fibbi

Btw, even Vancouver, there are some property in the 200K range...not ghetto like.
http://www.realtor.ca/propertyDe ... p;PidKey=-638142995
http://www.realtor.ca/propertyDe ... ;PidKey=-1006111191
http://www.realtor.ca/propertyDe ... p;PidKey=-145069781

fibbi

回復 206# samsung


Difference between $460 and $1070 (3% vs 10% interest rate)
borrow $120000 , 35 yrs term

For a person making $40K so take home income after tax is about $2000/month, should be no problem to afford the interest rate change. For a person making $30K or below, I doubt he/she can afford it. But if I were making $30K only, I may not consider buying property w/o enough saving in the first place.

fibbi

The price back in 2005 is almost the lowest since the 移民潮 from early 90s.

fibbi

回復 237# Look4chrisng


    Yes they are not decent property, but they are in more or less a prime location, if location matters. There are newer/better property in this price but would be further away. Again, that's our choices. Yes the property price is high, I'm not saying it's cheap. Would I buy it now? No because I don't have the need to buy. But if I'm getting married now and have to move out, then I would have to look into it. Even the stats says it's not good time to buy but so? If I'm making less than the avg Cdn I am less likely to be able to afford a place anyway. If I'm making more than the avg (or duo income) then I may be able to afford it. I prefer to look at my actual $ on hand, then set a budget to see how much I am able to pay for mortgage. Start from there and see what kind of property is available in that price range. As long as I'm living in that property not for reselling purpose, I don't really care if it drops by 10% or 20% in a year or two. In the long run (after 35 yrs) would the property still 20% lower than my original price? I guess not right?
Of course, this is just my way you don't have to agree to it.

fibbi

回復 245# supersuper


    I'm more optimistic don't think it's highly likely that price drop by 55%