Calgary Construction XXVI

[Deepstar]

Cheap housing doesn't have to look like that.

Originally Posted by Bad Grizzly

As I said in my previous post, most people's incomes over a long term aren't tied to inflation and are better. An by most people, I mean people with some ambition and some smarts. If one spends their life working at Walmart and or Tim Horton's and never getting promoted, this doesn't apply.

People see their income move up relative to inflation through various means other than simply getting an inflation raise every year. You buy a smaller house at a certain time in your life, and as your income increases, you sell and move up into a larger, nicer place and later on with your income situation continuing to improve and your mortgage lowering itself relative to the current economy due to appreciation, you get into a position where your nice home is cheap. See every city anywhere, but Vancouver and Toronto. Even in those cities, many who played their cards right have done well. Myself, and many other people I know bought their houses over the last couple of decades and have done very well over time. Our mortgages are low or gone altogether, so for me dead money would be rent going to an apartment.

The cheap housing I'm referring to that didn't work is something like this.