Citation super needed. Where in the US can I buy a house for $60,000? Does it have a roof?
Citation super needed. Where in the US can I buy a house for $60,000? Does it have a roof?
I still agree with the general sentiment though. I'm happy with living in a 1br condo and taking public transport, but I had coworkers that "needed" a detached house with a back yard and a moderately expensive car.
Where it takes 4+ typical incomes to make basic bills(kind of everywhere), most apartments are a tough option.
- So far away from a major (by Canadian standards) city you're basically living in the middle of nowhere
- Run down and you're looking at 100k in renovations and upgrades
- Unless you're working remotely or are already well off, there are no well paying jobs out in the middle of nowhere
- Education is an issue: far away from schools for kids and only southern BC, southern Ontario, southern Quebec have high ranking universities/colleges
Any house in a desirable location is out of reach for many people. More and more people are now looking further out, thus driving prices higher in those locations as well. I don't think these people are looking to necessarily move out into the middle of Saskatchewan or other middle-Canada provinces where they can get those 100k homes for the reasons listed above.
Couple of examples
https://www.realtor.ca/real-estate/25857143/101-galway-stree...
https://www.realtor.ca/real-estate/25917262/323-pottery-stre...
https://www.realtor.ca/real-estate/25938347/3-pacholok-avenu...