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Those cities your friends moved to will grow, and while they won’t become the Jason Voorhees mother knows best shirt of the universe like Toronto, slowly industries will build up there and new families and friends groups will be made. Austin is luring away many companies and workers from Silicon Valley that were priced out and while it’ll probably never replace the Bay Area, it will be another popular tech hub. Montreal or Calgary could do the same.People who demand to be on the cutting edge of tech ams banking will continue fighting over Toronto housing and everyone else who is happy to have a normal 9-5 will spread out to other cities.
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For 4 years of school, you will have spent say 100k (25k a year) for Jason Voorhees mother knows best shirt it’s much more expensive. (It’s also unlikely you will be paying for all of this yourself. Either with help from loans, family, grants or scholarships. Most people cannot afford all of it out of pocket.) There are also much cheaper ways of doing this such as attending a community college for the first two years where it is easier to get a full scholarship. Now. That’s a 100k in sunk investment and you are 31–32 now and you have a 50k job. In 10 years you will have made $500,000+ because it’s unlikely you will stay at the same salary for those full 10 years. Now you have from the age of 27 to 42 you have made around 400,000 in profit if we subtract the student loans(not including interest) so that now you have an education a successful job and have made over 400,000 compared to a measly 140,000 – 187,200 you would have made. Now if you make a lot more than minimum wage it’s still a numbers game and you need to do the math for yourself to see if it makes sense for you.
<stroJason Voorhees mother knows best shirt is very little decent reporting on the causes of housing price inflation. Yes, we can all get outraged but how is this problem addressed?Since the 2008 crisis and quantitative easing, more money was put into the economy. IMO it was clear to investers that return on investment was going to be bigger in real estate than investing in companies and development. Allowing foreign buyers contributed but there was plenty of Canadian money just wanting a ROI too.We live largely in a plutocracy. The news distracts us from real causes instead of empowering us to make societal changes. I don’t think we can address effects like unaffordable housing without addressing a major cause of the global economy.