Quote:
Originally Posted by Calgary Dave
Welcome to this thing called "Life". I fail to see how it's a "money hungry society is increasingly growing more retarded". Who exactly is the "money hungry" party?
What...You don't understand why a bank wants to make sure it's got enough equity in it's loan so that they don't lose money if say, a first-time buying, 21 year old were to lose his job and default on his loan?
You're 21 and you're frustrated you can't buy a $320,000 home?? Wow.
Maybe try and start at an entry level home...or a condo, or apt suite. Get you're payments to something a little more reasonable.
|
Entry level home? The average House price in Calgary is 100k more then the house he is buying. How much lower can you go without getting into crappy neighbourhoods?
All the new starter home areas are selling for high 200's - low to mid 300's.
Its ridiculous.