this post was submitted on 26 Aug 2026
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Everything's expensive and no one gets paid enough. Houses are especially expensive, and so is rent which makes it hard to save up. Bare minimum down payment and maximum available down payment assistance is basically the only way to get it done if you're not clearing 6 figures.
I clear 6 figures and still had to borrow $100k from dad. I live in one of the most expensive cities in the world though.
Dad bought his acreage for $38,000 with 19% interest back in 1991 and now it's worth almost $1m. And he never finished school - he only got that acreage because his parents helped him too.
Dude has since leveraged that acreage into an impressive classic car collection and close to $1m stock portfolio, so the money I needed was almost nothing for him.
System seems catered to multi generational families at least where I am. Doesn't seem to matter much how much you make...just need to be born into the right family. I know people who make more than me who are stuck renting, and I know people making half as me with a detached house because their parents have money.
Such is the nature of capitalism. The winners are the ones who were clever enough to be born into generational wealth.
Yeah I'm not proud. When housing market slows, canada runs ad campaigns to entice immigrants to come here who inevitably get burned.
Generational wealth isn't everything though. Lots of broken families. You have to be lucky to be born into money, and also a stable family
Oh trust me, there are plenty of unstable poor families. Quite a few more, it stands to reason. Broken and rich beats broken and poor any day.
You should see what happens in unstable rich families when a matriarch or patriarch dies. The family can become quite poor real fast
You should see what happens when the same thing happens in a family that was already struggling to begin with.