I manage a team and know a women’s salary as she reports into me. A few weeks ago ago she told me she had bought a house in the greater toronto area. 1.3 million. It took all my composure to not say, but how??? She has a good salary, I assume her partner does too, but if they did what most people do here they are easily looking at $6000/month mortgage.
Eventually our converation swung to a point where she was discussing how long they had looked and she joked about needing bigger raises and said, well we are also viewing it as an investment. I know I feel it for a house a fraction of the cost and wonder if it was a mistake.
In my early 30s up in Canada and without doubt a large portion of millenial young “professionals” are in this already house poor boat.
My question for people here is what happens in the case of bubble popping?
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
(no subject)
Date: 2024-05-19 04:09 am (UTC)Eventually our converation swung to a point where she was discussing how long they had looked and she joked about needing bigger raises and said, well we are also viewing it as an investment. I know I feel it for a house a fraction of the cost and wonder if it was a mistake.
In my early 30s up in Canada and without doubt a large portion of millenial young “professionals” are in this already house poor boat.
My question for people here is what happens in the case of bubble popping?