Hell, the house my dad got when he was a train driver with a wife that didn’t work and with 2 kids is a house I can’t buy as a senior software developer with 3 cats.

My dad bought a house when he was mid 30s and the solo bread winner for the house a couple of years after I was born. I loved that neighbourhood. It wasn’t anything too special. The houses there are 50s-90s builds, 2-3 bedrooms, maybe 2 bathrooms (our second bathroom in that house was almost an outhouse in the basement – concrete floor, exposed pipes, door that looked like it belonged on a shed, etc. My dad and a friend built a back deck which was really nice. There is a park nearby. There’s access to a nice bike path. It’s not on a through-route at all, so the only cars entering the neighbourhood are residents or guests. It’s not near shopping, not near public transit, not really near any schools. It was just a quiet, modest, neighbourhood.

I’m significantly older, don’t have any kids to support, have been saving for ages, had better, and higher paying jobs (inflation adjusted) than him. I can’t really afford any house in that neighbourhood. The only people buying there now are multi-millionaires, but they’re moving in next to families who have been there for 30ish years and know enough not to give up a good thing.

It just seems to me that a rule of thumb with housing is that in general you should be able to afford to buy in the neighbourhood where you grew up. I know sometimes that isn’t possible. Cities get denser, areas become highly sought after, etc. But, if the neighbourhood really is basically the same, and you earn what your parents did (or better), you should be able to stay nearby.

Camera pans uncomfortably and refocuses on MoonRaven’s cat buying NFTs on an old laptop in the background.

All true. But on the bright side, cats.

good thing we got that second taxable income to supplement the rise in capital costs.

Ok , so?