Hacker News Reader

Comment by LegitShady | Hacker News Reader

> That basically meant my options are Liberal or NDP. NDP policies seem to think if I make more than 200K, I am a rich fat cat

If you make $200k a year, you've got almost 3x the average household income in canada ($75k). You're way up there in terms of wealth, and don't need any help from the NDP or anyone else.

View on HN

Wealth != income. Someone who bought a house 10 years ago could easily be wealthier than someone pulling down $200k today.

sure but the house isn't income, while $200k is income and enough to buy a house in some parts of this country every 3-5 years, if spent judiciously.

It's so far out the norm of normal income that anyone earning $200k in canada and complaining about the housing situation isn't in touch with what normal people in canada are experiencing and their complaints are ridiculous.

It's like a CEO yelling that you don't know how much they're paying in capital gains tax. It really isn't relevant.

While that income sounds like a lot it doesn't stretch to buying a home every 3-5 years. Are you taking about getting a mortgage? I make more than that but it's unrealistic I'll be owning a fully paid off house in 3-5 years. I could get a mortgage and purchase a house in that timeframe.

After taxes, high COL, sky-high rent, and retirement savings there's maybe a deposit in there.

the average household income in canada is ~$75k. $200k is a lot more "then maybe there's a deposit there". That's paying off a mortgage in record time if thats the priority money. Everyone in canada who is struggling is paying taxes, col, rent, and retirement savings, or they don't even get retirement savings.

You're out to lunch and out of touch.

Ah yes, the economic trick of buying the "average" house thousands of kilometers away from where I live. The average house where I live starts at four hundred thousand. Much more if you want detached.

Thanks the advice. I'll start purchasing property impractically far from my work. Good idea

I like that you entirely ignored their parenthesized statement immediately following what you just quoted. If you're going to respond to a point, at least respond to the entire point the other person makes.

It's not really relevant - he can save for downpayment on a house in most places in the country in a single year while also paying down his loans for a phd. He's so far out of the norm at his income that houses that are unattainable to most people are within reach. Sorry he chose to take out loans to get a phd and has to pay it back - I didn't make that decision. But he can definitely afford a home.

Reply on news.ycombinator.com