Thursday, January 11, 2007

No break whatsoever

Well how fun is this. The average price fo a new home in Calgaryy has risen 38% in the past year, and over the past three years the average price has gone up $200,000. Which begs the question, how are young families supposed to get a start in this city? Eeryone knows that the greatest investment you can ever make is buying a home. Yet with the prices the way they are in this city, to live in a semi-desirable safe neighbourhood, you need a pretty hefty sum of money. How are young people supposed to get a start? It just won't happen! I am lucky and found a place to live, but I don't own it. I want to own my own place one day, but at this rate, I doubt it would be a home. I guess I will be stuck buying into a condo, which isn't so bad. But those prices are steadily marching up as well. I don't get it anymore. With these kind of prices, I could live in Manhattan. Maybe I should, because that city certainly beats the hell out of this hole.


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